Seems as if the rules have changed and its getting to hard to follow so ive decided to take the easy way out and just gamble on this market. Any suggestions on stocks under 5$ that can be a good short term gamble.
Why do you need it under $5? Are you planning to buy only $5 of stock? Let's assume that you have $100. You are better off with 1 share of a good $100 company, than , 20 shares of a $5 company. Under $5? I like Nokia. Great Elm Capital Corp. New York Mortgage Trust. Coty. I think you can do better with 1 share of Chevron or American Express. Energy and financials are low at the moment. So buy low, sell high. Collect the dividends until you sell.
I highly advise AGAINST gambling on the market, because you're just setting yourself back for the future. Maybe you gamble for a few years before realizing you keep busting your account and then 3 years down the road you start actually investing/swing trading longer time periods in safer companies. At that point, you're setting yourself back 3 years and basically delaying retirement. That being said, IF you decide to gamble anyways, go play at a casino. If you decide you'd rather gamble in stocks, then see what the biotechs trending are that day/week and good luck.
For a lot of people, the market is like a day at the track. They can look at the horses in the paddock prior to the race. I send my girlfriend in to flirt with the horsehandlers. Someone might whisper a hot tip. Maybe size up the jockey. Then it's time to bet. Sure, I look at charts, the financials, try to learn about the company. I even think it over and stew on whether anybody would stop using Facebook because Zuckerberg bullies his neighbors. But then I buy. I may make some money. I will lose money also.
Nothing wrong with sticking some play money into some pennies or pure gambling on some biotech news or something. But that should be in addition to your regular investment money - as you know, but many new people to the market do not.
I'm quoting this out of respect for the outstanding content but talking someone out of gambling away their nest egg is like talking someone out of a face tattoo. Don't kid yourself... when they ask your opinion, regardless of what you say, they're gettin' it. lol! Being an investor requires patience. I remember being out of the market for a while and feeling impatient. Investing is hunting. Money is bullets. If there are no tasty animals in sight, do not waste your ammunition shooting at trees while you wait for a tasty animal to wander into the cross-hairs. Looking at market contraction graphs, you can see big money stripping cash from impatient little guys. It's like taking candy from a baby. On the way down, there are a ton of small transactions. At some point, adults step in and transaction sizes go way, way up as the stocks float back up to a more normal range. It's like sheering sheep, every once in a while. Big algos have fixed the table. I wouldn't want to gamble in these markets.
I confess I have done this from time to time. And if I'm not, someone else is already anyway. The old saying something about a fool and his money, soon parted. Case in point: I like watching IPO's. Pricing follows the same modus operandi immediately after IPO very often. Virgin Galactic. What a hopeful for space based carnival cruises. Plus it is all about Branson. The perfect storm waiting for the bunnies in the woods. IPO opened at 12 if I remember. The typical IPO drop occured down to 7 some odd as the underwriters took back some of their investment monies. So I (gambled, speculated, whatever you want to call it) and pickup a truckload of them fully knowing VG had no viable product yet and listed only 9 employees. But Branson is Branson. And just like expected, everyone jumped all over it and pumped it up to around 39. I got out at 38 and change. And glad I did. Think I was in no more than 8 weeks or so. No hard feelings though. I rather enjoyed it. (Is that a bad thing? ) Edit to add: I truly think that Branson thinks his cult of personality is as big as Elon's lol. It isn't.
I agree to an extent. I am a gambler at heart. I have a cash bankroll that I play cards with, bet sports, go to the casino on rare occasion, or play fantasy sports. It's just cash that I acquire and have built up over time, as I believe poker is a beatable game at the lower stakes long-term as long as you control your emotions and play the math. That's not my point though. My cash bankroll is money I can afford to lose. It's money a normal person would use to go out to the bar, buy a new toy, etc. I just periodically add to it some money that would normally be used on other forms of entertainment. I don't think there's a problem with using that money to gamble on penny stocks if I decided to do that, as long as the extremely large bulk of my money is invested (or traded if that's working for a person). So while I don't think you can convince a gambler not to gamble, I do think they can be persuaded to be responsible with a (hopefully) large portion of their money and just gamble a small amount.
UUUU, a uranium play, closed at 5.78 today if you're willing to stretch your requirement a little. But just wait for the Renko brick or the Heiken Ashi bar to turn green before going long. Then sell on red and then do it again and again betting small. You'll lose some battles but you'll probably win the war. Go for it, because anyone who thinks they know which way price is going is only fooling themselves, investors, traders, it doesn't matter, we're all gambling or at least use, or should use, gambling skills. When entering a trade or an "investment" you should have no expectation...you sell if it doesn't go your way. Like pulling the handle on the slots, you have no expectation of winning every time.
I look at the difference being more time related. Buying a stock expecting quick profits is closer to gambling. Buying a stock and expecting it to go up over a longer period of time is investing. With either, there are no gains or losses until you sell. Perhaps short sellers are gambling too. My focus is on miners and explorers of critical metals. For investment safety I have focused more on North American companies. Electric vehicle makers, while some will be successful, others will fail. Either way, they need raw materials. I figure that should make my investment a little safer too. I am invested (long) in First Cobalt (FTSSF), Fortune Minerals (FTMDF), Jervois (JRVMF) and Renforth (RFHRF).
To tell the truth, I consider that it is better off with 5 shares of a $20 company than with 1 share of a good $100 company. This increases your ability to succeed in several companies and not burn out on one in case of failure. It is like in the casino; you can win faster when you play more and lose everything if you invest all the money into one slot. Indeed, an instant casino bonus is more accurate than the success of a company for a penny. money must work, and you need to understand that $ 100 will bring you good profits if you spin them on trades and not just expect good luck
The part I bolded above is the key point in this entire thread. Don't gamble, trade, invest, whatever with money you cannot afford to lose!
In this day and time. INVESTING is putting money into the market and letting it compound over a desired period of time by selling your investment to someone else at a much higher rate than you paid. GAMBLING is putting your money into the market and letting it compound over a desired period of time by selling your proceeds to someone else at a much higher rate than you paid. Both can go *POOF* when mismanaged. Depends entirely on the individual and their abilities. Some always do better than others.
Wow, this post is quite old, but the topic of gambling vs. investing is still a relevant one today. As for investing, it's important to do your research and make informed decisions. Stocks under $5 can be tempting for a quick payout, but they also come with a higher level of risk. Make sure to understand the potential upsides and downsides before making any decisions. On the other hand, gambling can be a fun way to pass the time and maybe even win some extra cash, but it's important to remember that the odds are usually against you in the long run. If you do decide to gamble, make sure to do it at online casinos like this one online casino ei rekisteröitymistä and never bet more than you're willing to lose. It's always important to understand the differences between gambling and investing and to approach each one with a clear strategy. Good luck!
