How to Day Trade 1,000 Dollars in Penny Stocks Into 5 Dollars Cash
Yes that's right folks I'm here to tell you how to take your hard earn 1,000 dollars and turn it into about 5 dollars cash!
Ridiculous? Of course! Some lessons learned the hard way.
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Instructions
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First sign up with an online brokerage firm such as "E*Trade" or "Scottrade". Both are actually fine companies I'm just spoofing here.
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Next send them your hard earn $1000 dollars. Wire it to them or send a check.
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Start researching all those penny stocks that are hyped about hitting big. Buy all the ones you can.
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Now here's the trick. When you get a little nervous, because your stocks are dropping in value, trade them for some other crappy penny stocks. Keep doing this until eventually you're at about 5 dollars. The commissions on trades alone can eat you alive. If you're really good try to go lower!
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Ok. Lessons learned: don't buy crappy penny stocks hoping to get rich. If you do play the stock market, it may be better to hold on to them and ride the wave.
Day trading is a tough and risky hobby so don't get sucked into believing its going to make you rich unless you really know what you're doing and are willing to take the risk!
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Tips & Warnings
Day trading is a very risky hobby/business. Don't do it unless you're well informed and willing to take the risk!
