>buy 1000 shares of this penny stock for $20
>literally goes to the moon by 500%
>holyfug.jpg
>net profit is only $90 after broker fees
>mfw
Why is it so hard to become a millionaire through trading /biz/?
>>1484454
Because you "invested" twenty fucking dollars
>>1484454
because you're not using robinhood
>>1484461
This, got to play big to win big pal
>Actually thinking you can invest with 20$
hey 450% profit is pretty good
>>1484454
Because penny stocks are a sucker's game, mostly reliant on those lacking sufficient capital to operate on the major exchanges.
Tim Sykes notwithstanding, most traders won't touch them.
That's not coincidental.
>>1484616
Speaking of this, what is /biz/'s opinion on Tim Sykes? I've been following him for a while and he seems to know his shit.
>>1484624
While there's really no disagreement that the majority of his current income comes from selling systems, how he got where he is gets debated here sometimes.
I've heard everything from him making most of his fortune trading, to him being a literal Tai Lopez and faking it until he was rich from DVD sales.
I doubt there's any way to really know for sure.
>>1484454
>see stock has 299% increase projected for 5 years
>if i invested 50k i could net 150 in pretty much no time
is it smart?
People that talk shit on penny stocks actually have no clue what they are talking about.
Many people make a shit load trading penny stocks in the trips (.0001-.0009) don't believe? Look into it for yourself and don't listen to the bashers of penny stocks
Buy $100 worth at .0001 sell it at .0002 you just doubled your money sell at .0003......
>>1484520
>not turning 20$ to 1000000$ with bitcoin
>>1484714
Yeah, it's not like I made 20k last week on meme stocks or anything.
Man OP is dumb.
>>1484659
all models are wrong, but some are useful
>>1484707
What happens when your 0.001 goes to 0?
Of course $100 isn't that big of a deal, but I would advice highly against doing that with say, $50,000.
Invest in BBD.B dumbasses
>>1484775
.0001 is the bottom. You can't really do it with 50k due to low volume