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TopicThe Coronavirus Topic
SwiftyDC
03/04/20 10:40:45 AM
#484:


Nanis23 posted...
I mean teach me penny stocks
I am just a swing trader on regular stocks

Anyway I tried your INO
Bought at 9.15 which was just near the peak in a massive rush
Then it crashed almost to 8.50
I sweated like mad
But waited anyway
Sold at 9.30
$200 profit

This is small money, but emotionally I am not fit for penny stocks so I am satisified with this

This is swing trading too, but with very affordable stocks so it's easier to buy in large quantites without breaking the bank. The primary goal is to beat out what a saving account will return on interest - so these are great.

I'm no expert but with the coronavirus there obviously presents an opportunity - a company will come out with the vaccine first and whichever one does will skyrocket. The big ones to keep an eye on are: INO, NVAX, and MRNA. So you could hedge your bets and put money in all three. Then sell off and put all your money on the one that does - potentially. Like gambling, only go with what you'd be comfortable with losing.

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dilateDChemist
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