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:snoo_dealwithit: General Discussion :snoo_dealwithit:Lessons learned: After making $20K from penny stocks and losing it all(self.pennystocks)
submitted 11 months, 3 weeks ago* (edited 2 days, 2 hours after) by _chai_satire_ to /r/pennystocks (2.2m)
Beginner's Luck is a real thing. I think that is the reason why all my investments generated cra...
since 11 months, 3 weeks ago
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I have a weird theory and that's that most traders took the week of Xmas and New Years off for the holidays, especially with the extra days the market was closed. And then a bunch of younger people had time off of work, as well as Christmas money, and were a higher percentage of the traders than normal. So penny traders were able to push the market on the cheap stocks with hype more than usual. And a bunch of young people that hadn't invested before started because they thought it was easy money, and it was for a very short time, then everyone left bag holding got wrecked as the market returned to normal.
Whatever the reason, it was very abnormal. This is closer to how things normally are with penny stocks. Lots of red with a few occasional winners.
I’m sorry when was the last “normal” year? Every year is somewhat unique and it is what creates both volatility and opportunity.