Hot stock , volatile market !! very nice for day traders, List of these penny stock for those who know about pump & dump stocks. My list of stocks for few weeks -
Provectus Pharmaceuticals, Inc. (PVCT) started @ .45 went to 2.66- sold-BOOM
Mast Therapeutics, Inc. (MSTX) started from .53 went to 1.03 -sold @ .95-Boom.
Growlife, Inc. (PHOT) started when it was .14 went to .47 but dropped to .35 or less ,sold @ .32 (big volume = big profit)
Medical Marijuana, Inc. (MJNA), started at .12 sold at .19 , big volume (22000 shares )
**dangerous stock of all- GreenGro Technologies, Inc. (GRNH) started at .03 ,sold at .68 big big big gain , however went to $1.20 before crashing to .43 ,,,,,, just too less risk & was wise to sell at .68 (biggest profit from most volatile or dangerous stock)
Know what u doin - u'll make easy profit from these BAD STOCKS..... I use tradeking but not so good , just too much commission , use TDameritrade, better.

I see a lot of penny stocks related postings in Sajha these days. I used to partake in penny stocks trading and I no longer do it.

I appreciate that many of these posts do say that you should know what you are doing; but for a newbie wanting to get into stock market, those kinds of "warning" are absolutely not a deterrent. I want to caution that most of the penny stocks don't follow SEC guidelines on reporting as they are not required to do so. They are very subjective to manipulation (pump and dump) and you might make some money on one but you could easily lose it all on the other. Their swing is very high and unpredictable. So, if you are sitting on a pile of money that you don't care much about and want to take a risk, go for it. If you want to increase the wealth but can't let go all of it for the risk you are taking, then penny stock (OTC) is not the market for you. Traditional stocks (>$1, but I say more than $5), bonds, mutual funds are better.

guys ,
My advice is stay away from penny stocks like KIDDO said. go for big stable companies. Make less profit but steady profit. no one will ever become millionaire over night. I am not a pro but am a swing trader. If i can break a grand a week i am the happiest.:)

Guys, how much money i need to invest to such type of trading to get some meaningful earning?

These r for pro-only! Quick money- u need to know market manipulation & u r in good shape. I play with these stocks , i just keep them for a week or even just for few hours....thats how u can make quick money... needs smart move, update on press release, media .....No LONG TERM COMMITMENT TO ANY OF THESE STOCKS!!! rewards r way higher then any stock, mutual fund, etc......

Market manipulation or Sajha ka sojha ko manipulation. They buy ypu sell... Boom penny stocks works wonders , no?

Can i start with 2000 $ for meaningful trading?

Yes Paradox you can. You can easily open a brokerage account with no minium requirement and start trading.
I do hope yo have some knowledge about how market works. try not to lose your hard earned money.
Good luck

I dont have any experience so far but i am willing to learn.

Paradox you can learn a lot on YouTube. Try with value investing according to Buffet's principle. Always look for a company that is undervalued and has potential to grow.

Hi Guys, Seems i even cannot make an account in online brokers. I am in F1 visa, my visa is expired in Dec 31 2013 and my opt extension ends in October 2014. I tried to make an account in TDameritrade as suggested by Dexl, do you guys think i can make account in other online brokers?

Try trade king. if not try Scottrade...one thing use ur SSN and try as a citizen, it might work. Its ur money & they r just stockbroker....sometime u just need to work around...

Paradox,, just do as Dexi says to open account.. TradeKing is fine and you are us citizen so no problem... read here for trade king review and apply from there.. http://www.moneysavernews.com/2013/12/tradeking-zecco-broker-review.html

Thanks Dexl, i am not sure if it will lead me to any problem.

Mojaboy, I am thinking penny stock and your link says TradeKing not good for penny strock as it has surcharge.

Provectus Pharmaceuticals, Inc. (PVCT) - Like i said before --- THIS STOCK HIT another high - $3.99 per share ... Just few month ago it was trading for $.43 per share ... For detail .....
http://finance.yahoo.com/echarts?s=PVCT+Interactive#symbol=pvct;range=3m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

Hi Guys, I opened an account in TradeKing. I am somehow lost so far what to do next.

HI Dexl, now i have TradeKing account but have not transferred fund there so far. It is my first try and i am eager to get your input at least for initial setup.

Could you please guide what exactly i need to do for trading penny stocks.

Now its fairly east steps:-
- transfer fund va. wire OR
- write check payable to Tradeking under ur account number.
Follow how to deposit, instruction provided by tradeking....
after that ,
-go to buy stocks then enter stock Quote (company's stock symbol)
- u can buy option, stocks, mutual fund, bonds, etc.
- there u ve option to set how much u would like to pay ,day or after hours & much more & same thing for selling , etc.

http://www.otcmarkets.com/home
This is where u can get all penny stocks info, ...Always look for big volume & numbers of trades,
start at low then sell it quick, ONE THING - "DONT BE GREEDY"... These market r just pump when it is low & Dump once it picks ...(34-85% gain)

I started FITX at price of $0.015/share about 25,000 & sold today at $0.041/Share all of 25,000
So u ve the idea...
Now i could ve made more money in PVCT which is doing so well even i dumped. Some time
u just need to move on & not become greedy coz this market can easily fall ....
SO, just know the game....