(Keeping in mind I am using penny stocks)
I am confused about money figures when it is LESS than a penny.
For example, 0.0001
How would you say this? Would you start out on the right at Ones, Tens, Hundreds, etc…so this would be said "One one thousandth of one dollar"? Someone I was talking to said no, it would be TEN thousandths. That isn't correct, is it?
Ok, that was one Q, the others are along the same line – - I just do not know how to figure exactly HOW MUCH we are talking about once it drops down below a penny (or should we say penny increments) Can you show me HOW to figure it easily? Thanks.
Can you help?
Someone also mentioned moving the decimal over to the right TWO points would tell you SOMETHING. Not sure what she was trying to say, though.
Thanks for any help you can give!!!
Secondly, you should probably not even attempt day trading at this point. You need to have a much better understanding of how this all works. Take some time, take a course, read some books, learn from some other traders, but whatever you do, don't try and trade penny stocks!!
Ask a question or leave a reply