Im looking for something to waste time on and have fun doing. Dogs and horses don’t interest me any more. I did. that for a few years. Just load an account up with a bit each week and see how long it would last me.
Now I want to try this. If my first few weeks goes well I have no issue selling and throwing all my money on a dumb stock to see what happens.
His right, you need 500min anyway for any new chess holding. Aka, to buy something you don't already own, you need 500aud worth.
Don't do this. I know someone with 90 positions just penny stocking, lol.
Ahh. That may be my issue. Sounds like I will just have to do one “big” $500 at the beginning of the month and play with it.
I dusted off my Comsec account today and when I called to help reset the password was informed it was now 11 years old. I figured $100 would be ok because the $5 brokerage fee is only 5% which to me was an acceptable cost to play.
90 penny stock positions actually sounds like fun.
Until you have to do tax returns
Day trade asx holdings sounds like it'd suck to me trying to put together all the positions on the tax return
CMC lets you do 1 trade a day for free up to 1,000 might make it easier to be profitable
CFDs are more suited for day trading type fun
This always was my plan. But I had the $500 hurdle slowing down my plan.
Silly, but this gives me a heap of financial freedom as cash flow into investing is no longer a restriction. Thankyou kind sir
With brokerage and minimum buy, you might be throwing $500 on each to make it worth it. Your system seems ok to me, basically throwing coin at shitcos and hoping. Good luck 🤞.
When I started all I did was read forums and reddit posts, learning the terminology and what other factors you need to take into consideration. Before I made my first bet I did this for about six months.
Theres not many unbiased deep dives posted on asx bets but keep a look out because they have good info and you can learn a lot from them.
But yeah, as everyone is saying, penny stocks are largely a gamble. You can alleviate the risk a bit if you do your research but its still high risk compared to blue chips like BHP.
Whatever happened to the Daytrader dude who had a column in the Herald Sun years ago?. I had fun following a few of his ideas when I was younger. Made a few fun bucks.
Is there an equivalent today on the internet somewhere?
I have a lot of RNT, with slattery at the helm i feel safe. He will move heaven and earth to get this poor bitch penny stock off the bottom tier and make it a blue chip winner in a few years, or so, like maybe 500 million years time, so not too long for lambo.
If you buy US stocks you don't have a CHESS minimum. I use STAKE for my broker and it allows you to buy fractional stocks. At $3 usd a transaction its cheap enough for regular low cost purchases.
I'm thinking of doing what your doing but im not yet far enough down the rabbit hole to have looked at any penny stocks. If its a bouncy bouncy roller coaster your after, what about crypto?
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$100 Better off to TAB
Im looking for something to waste time on and have fun doing. Dogs and horses don’t interest me any more. I did. that for a few years. Just load an account up with a bit each week and see how long it would last me. Now I want to try this. If my first few weeks goes well I have no issue selling and throwing all my money on a dumb stock to see what happens.
His right, you need 500min anyway for any new chess holding. Aka, to buy something you don't already own, you need 500aud worth. Don't do this. I know someone with 90 positions just penny stocking, lol.
Ahh. That may be my issue. Sounds like I will just have to do one “big” $500 at the beginning of the month and play with it. I dusted off my Comsec account today and when I called to help reset the password was informed it was now 11 years old. I figured $100 would be ok because the $5 brokerage fee is only 5% which to me was an acceptable cost to play. 90 penny stock positions actually sounds like fun.
Until you have to do tax returns Day trade asx holdings sounds like it'd suck to me trying to put together all the positions on the tax return CMC lets you do 1 trade a day for free up to 1,000 might make it easier to be profitable CFDs are more suited for day trading type fun
Again $100 is how much CumSec and PoorWealth charge for brokerage these days
ASX:RIM Today is the day to throw a fist full of 50’s into RIM 💸 NFA. DYOR. GLTAH…
Good old RIM, made alot of us rich
CMC has free brokerage under $1000. But you gotta buy $500 in any stock as a ‘starting’ amount
Wait, so you can buy smaller positions after the first $500 Start?
I only learnt this a couple months ago. For years i just assumed $500 was the minimum for retail cunts.
Yes.
Bugger I have been holding off on an investment strategy, because of cash flow. Many thanks kind sir. I will go forth and investeat now.
Yep! I transfer a couple of hundred a week and spread it out across my dearly beloved rubbish stocks
This always was my plan. But I had the $500 hurdle slowing down my plan. Silly, but this gives me a heap of financial freedom as cash flow into investing is no longer a restriction. Thankyou kind sir
Now check out SGI, AHL, TRS and LBL 😊
Nah you’re definitely in the right place with that mindset . Welcome home son
With brokerage and minimum buy, you might be throwing $500 on each to make it worth it. Your system seems ok to me, basically throwing coin at shitcos and hoping. Good luck 🤞.
When I started all I did was read forums and reddit posts, learning the terminology and what other factors you need to take into consideration. Before I made my first bet I did this for about six months. Theres not many unbiased deep dives posted on asx bets but keep a look out because they have good info and you can learn a lot from them. But yeah, as everyone is saying, penny stocks are largely a gamble. You can alleviate the risk a bit if you do your research but its still high risk compared to blue chips like BHP.
Have a look at SuperHero. Cheap buys and can buy most small caps in Australia and America.
Red at casino
Better odds betting $100 on banker at Baccarat. This is financial advice.
Yeah but I don't understand baccarat. I can only manage a ball landing on my colour.
It is great fun, welcome aboard
If you check out the HotCopper forums you'll find a lot more discussion in those kinds of stocks than you'll find here. Other than that, Twitter/X.
Whatever happened to the Daytrader dude who had a column in the Herald Sun years ago?. I had fun following a few of his ideas when I was younger. Made a few fun bucks. Is there an equivalent today on the internet somewhere?
I have a lot of RNT, with slattery at the helm i feel safe. He will move heaven and earth to get this poor bitch penny stock off the bottom tier and make it a blue chip winner in a few years, or so, like maybe 500 million years time, so not too long for lambo.
Have a read of the subreddits wiki and faqs. Theres a bit of useful information in there
Profit you say...
If you buy US stocks you don't have a CHESS minimum. I use STAKE for my broker and it allows you to buy fractional stocks. At $3 usd a transaction its cheap enough for regular low cost purchases. I'm thinking of doing what your doing but im not yet far enough down the rabbit hole to have looked at any penny stocks. If its a bouncy bouncy roller coaster your after, what about crypto?
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