I do not know how to short sell stocks but I have been playing the .0001 stocks since Feb and started out with $40 and I am now on my 5th time rolling over the profit and my goal is to continue to do this as long as this works and I do not see it stopping anytime soon. There is plenty of room for anyone to play the sub pennies stocks and flip them in a short time maybe a day or it can take a long time but if you follow what I am doing you can make it maybe sooner IMO I have a simple system, look at a stock and see if it is flipping between .0001 and .0002 in the last ten days and if so then buy it. And the other thing you might look at is the volume it is trading each day, you want a stock to be trading over 3 or 4 million a day, I have found the higher the trade volume the faster you can trade it and get your 200 % out of it and that is what it is all about right?

Someone wrote this

hey Frank. I read your new posts good job on those sells. I think i am understanding your system. You buy 1 million shares because thats what trades alot. I did not know this. I was going to buy about 3 million shares @ .0001. I dont really understand why 3 million wouldnt work as well as 1 million?Why do you buy more than one stock instead of putting more money on one stock and doubling it? Im new just learning still. And you do this same thing on similiar stocks that trade at .0001 and .0002 among several different stocks. I will have the same problem as you on making more than three buys a day also. I just got out of a stock today so i am going to wait 3 days for those funds to settle before i buy something else. Thanks. I will post when i buy something.

my answer

you can buy 3 million shares but IMO you should sell at 1 million trades for that is when you get the fastest return also some stock will let you sell at .00019 which move you ahead of the .0002 sell because you are right under the .0002 and someone always want to pay less for a stock than more. As to why these stocks trade this way between .0001 and .0002 I do not know so maybe someone else knows the answer to this question.
As for not putting all my money in one stock......well that would be putting all your eggs in one basket and the chance of loosing all that money is to high for me so I rather buy 1 million shares of each stock and if it sells buy another million of that one.... plus another stock on my list. You can always hold 500,000 share and wait to see if it every goes over .0002 but the longer you hold a stock the more chance of loosing your money when it goes under.
You got to remember that some of these stocks are on their last leg and could be gone right after you bought it, and that is where your nerve is to buy these HIGH RISK STOCKS and take the BIG chance of doubling your money.
I have met my goal for June already and shooting for July projection goal now so I need more stocks to buy and also watch my 3 round trades each day til I make $25,000 which I project to be there by October or alot sooner if I keep trading this fast...... and all off $40 in Feburary

Frank

Frank,

I am really intrigued by what you are doing. I am also really impressed that you started with $40 in February and plan to have $40K by October, if not sooner. As this kind of trading is something I may consider doing, I have a question for you:

Do you sit in front of the computer all day watching ticks and then buy and sell when you think it is best or do you set limits and stops? If you do indeed set limits and stops, what works best for these kinds of trades? I am used to setting stop/limit orders when I wish to buy and market orders (usually) when I wish to sell. Would this work as well for the sub-penny stocks or is there another way to buy and sell?

Thanks alot for your quick reply,
Jeff

Frank, if you don't mind me asking, who are you using to do your trading with?
lreier

Sometime I sit in front of my computer and watch but mostly I read the 10 day charts on a stock to see if it trades between .0001 and .0002 alot like AERP does.
I buy at 1 or 2 million shares now at .0001 and set limits to sell as soon as I see I have bought it at .00019 or .0002, I rather set a sell at .00019 for the reasons I had stated already in another post below. but you can set it for .0002 if you want but for me it is all about getting in and out as fast as possible to profit and roll it over. I do not set stops because it can only go off the board as far as I know from .0001 and that I have not understand a stop yet.
you do not want to set a market order or you will just sell at what it is selling for which will more than likely be .0001 and you will have lost money.....after commission fees.
I guess the answer is set a limit buy and a limit sell and check to see your excution for the day to see if you got what you wanted yet.
Frank

I trade with Zecco.com their fees are $4.50 each trade buy or sell

I came across your original post yesterday and started my DD and have a list of stocks I am going to focus on. How many do you recommend to start with. I have prioritized my list as thinking to start with 4 stocks.

Frank,

Thanks for your quick reply to my previous post. I have another question for you: When you do sit and watch, what platform or software do you use?

Thanks,
Jeff

LOL.... Jeff I am not no super dude or anything.... I am just your plain Frank with one thing in mind......make money ! I do not have any special skills to do what I am doing. I just want to make money and quit my job. by the way for this year I work 3rd shift (which I hate to the max) so I have the time to watch the Zecco account .

So I guess my answer is ........my platform is ZECCO quote, chart, history, order, and of coarse excute (my favorite spot to watch).


Frank

Have been reading your blog last 2 days. I use E*Trade and they have a stock screener. I typed in .001 and under and it kicked out over 600 stocks. Does Zecco.com have a screener and do you use it?