I have not yet begun actual trading. Still learning. VERY interested in these Penny Stocks. My day job prevents me from actively following the action. Novice chart reader, trend follower I guess is my status. Followed newsletters and boards for about 6 months then set up portfolios for around 3 months for each to see who had the best recommendations over time. Learned that you've got to be on top of things, not in at 9:30 and out at 4:00. Recently got hurt (broke heel), so while laid up tried a $2000.00 paper portfolio with IHub and used the streamer,(WOW, that thing is like a Christmas tree at opening bell), to follow the action, selling and buying when I was satisfied or disappointed. My total after 15 trading days is up to $43000.00. That seems high. Something must be wrong. I think that my use of the buy-sell applet is at fault. When selling, the app shows the current ASK price which I used as the selling price. Many of my sales were of .0001 stocks, (MEXP, EFIR), which I had $1000.00 @ .0001 invested. When the ASK went to .0002 I sold for an apparent 100% gain. However, the BID was still at .0001. Isn't a sale at the BID price ? If I were to sell my .0001 using MARKET on my sale order when the ASK is .0002 and the BID is .0001 would it have gone through at .0001 or .0002?
The streamer indicated the last sale price as .0002, I'm assuming a buy because the color was green at the change.
Is it a good practice to use MARKET when things are hectic or take a chance on a firm price for selling ? More questions as they come up, the learning continues. THANKS for your help.
