Hi Guys,
Anyone who even remotely knows me or pays attention, I get obsessed with any new thing I decide to take on, and now you bastards now have me losing my shit over following the stock market! I can't believe it took me 50 years to even care about it but whatever... Here I am.
So I am trying to learn all this shit and am drilling deep into my brain trying to understand what makes a relatively good thought out gamble versus just a blind gamble. I am talking about pure, high risk penny stock shit. Not smart, long term slow and sure stuff. The first few days I have pretended I am Mr. Day-Trader Extraordinaire (I am talking playing with peanuts here... Have no fear!) just having fun trying to see if I can buy low and sell it a bit up and surprisingly I am getting lucky and doing okay. Behind on some but ahead on others turning a profit, but until today it has just been watching a pattern through the day and trying to guess well.
I guess what I am asking is, what are some of the most common indicators and things to be paying attention to when trying to decide if something has a chance or just to stay the hell away from?
For example, this morning on Yahoo a news release about a silver stock came across and it seems like it might be interesting. It is a cheap one at like 0.29 called Kootenay Silver Inc (KTH). They seem to have been around since 2000 and have fluctuated between 0.19 to 0.51 over the last year. This news release from this morning it was announced they have drilled into some high grade silver reserves on one of their sites. Knowing this kind of stuff, does it reason that chances of making some gain is realistic or do these releases really do jack shit for stocks like this? I am thinking it is so cheap a guy could grab a small whack and see what happens with almost no risk. Am I crazy? Does this make sense at all?
https://www.kootenaysilver.com/news/...project-mexico