$100 Penny Stock Trading Challenge! - Part 1 #Best Education Page #Online Earning

Hey, what is going on with you, guys,

hope you're having a (clears throat).

(bleep)

So, I have an interesting idea for a new YouTube series

or whatever this is going to end up being.

I'm gonna take this $100 bill here,

not this exact $100 bill but you get the point.

I'm gonna take that $100 bill

and I'm going to put it into random stocks.

That is not my investing style at all.

I put a lot of thought and research into my investments.

I think, there's always a natural curiosity out there

as far as what happens when you just pick random stocks

and put money into them.

I wanna preface this by saying this is obviously

for entertainment purposes only,

and I do not recommend following this strategy yourself,

but I'm going to be doing is using

a free trading app called Webull

and I'm gonna take $100 and I'm going to be investing it

in random stocks and we're gonna see what exactly happens

with that $100.

Number one is going to be that this is for funnies only,

this is not for real life,

so this is not what I actually recommend doing

with your money.

I'm only allowed to hold stocks for up to one week.

If I'm holding stocks for a month at a time,

this series is never going to go anywhere.

Now, as I mentioned already, I'm gonna be using

a completely free trading app called Webull

which is honestly a really good app out there for beginners.

Just by opening an account with them

and funding it with $100, you get a completely free stock.

I went ahead and did that and I got my free stock

so my $100 is now 105 and two cents

because I got one share of a company called ABEV

which I believe is a beverage company of some kind.

And if you also wanna get a free stock

and sign up for Webull, that's gonna be the top link

in the description below.

It is an affiliate link, just for transparency

so I earn a small commission if you do decide

to use that link.

Now, if you guys are not familiar with this realm

of penny stock investing, it's essentially a crapshoot.

You pick a random stock out there,

nobody knows anything about this company,

and you just put money into it,

and you see what the hell happens.

What I did is I went on some different forums

where they talk about what is the next hot penny stock

and I found one that was trading for about $2 per share.

I think, we can buy just over 50 shares of this stock.

As far as this company, I have no idea what they're doing.

I can't find a website for them.

As far as this being a sound investment,

it's definitely not, but it should be entertaining.

It is Monday which means I can hold the stock

up until next Monday and I'm gonna track it

and see what happens.

Am I gonna turn a profit?

Am I gonna blow up my account?

Stay tuned and we'll find out.

This is the stock I'm going to be purchasing.

It trades under the symbol REKR.

It's called Novume Solutions.

However, over here, it mentions

it's a management consulting company

with a number of different subsidiaries.

I think, this might actually just be a holdings company.

They have a market capitalization of 36 million

so it's a very small company.

And this right here is where I got

that quote on quote red-hot lead from Investopedia,

"Penny Stocks to Watch in July 2019".

They mentioned Rekor Systems

and it's all based on technical analysis.

Now, that's not something that I get into myself that much.

I used to do some technical trading two years ago,

but it's not something I've looked at in a very long time.

So, we're solely just going to be doing a random pick here

based on this recommendation.

We're probably gonna blow up my account

and I'm gonna end up with like no money left over.

This'll be probably good learning experience

regardless of what happens.

All right so, here's what the order looks like on the app.

We are going to be buying 50 shares for the market price

and that should close for about $94.50,

so let's go ahead and place that order,

and it looks like our order, oh, we gotta confirm it,

and then at that point, our order has been sent out,

and now, it has been filled.

So, I ended up buying 50 shares of REKR Rekor Systems

for a average fill price of $1.89 per share.

Let's go and see what happens.

This is one of the cool parts about the Webull app as well.

I can actually set a price alert

so if the stock moves up or down by 10 percent

which is what I set, I will get a notification on my phone,

and it also offer a completely free trading simulator

where you can use fake money.

If you're just looking to play around

without using real money,

they also have that option available which is very handy.

Are you recording?

Is it recording?

- [Woman] Uh-huh.

- Am I in focus?

- [Woman] Yes.

- Okay guys, so I have been a proud owner

of REKR stock for one day now,

and didn't really move much.

I am down like 3% so far, so down $3 on my overall portfolio

and cameraman, if you can just zoom in on that,

that way they can see it.

Just a quick update for you guys here on my stock purchase,

I was down quite a bit after hours.

But then today, we are up about 7%, 6.5% so far.

Maybe we'll be at a breakeven point

by the end of the day or something like that,

not really sure but I got basically today and tomorrow,

and then Monday, I have to sell it to follow my rule.

So, we'll see if I end up ahead at breakeven

or down on this trade.

All right guys, so it is Thursday

and I ended up selling that stock.

I got a notification that the stock moved up 11%,

so I automatically logged on and sold,

and then when I actually looked at

what the order price filled for,

I literally sold it for the exact price that I paid.

I didn't lose any money but I didn't make any money either.

And I also ended up selling that free stock that I got

'cause I was actually up like 14% on that one share.

As soon as these funds settle,

I will be reinvesting them next week into my next trade.

All right guys, it was 11:53 on Friday

and I just got a notification here from Webull.

That notification was telling me that the stock

I was watching here removed up 10% today.

Unfortunately, as I said already,

I have sold it for a breakeven price.

So, I should have stuck around a little bit longer

and I would've had a small profit here.

All right guys, so it is a Monday now

and my funds of officially settled from that last trade.

I have come across another stock that appears interesting,

and by that, I mean,

I don't know anything about this penny stock.

Once again, I just wanna restate this.

This is not how I actually recommend investing

and it's not how I invest in my real stock portfolio.

This is just for entertainment value.

I came across the Coffee Holding Company

under the symbol JVA, and as you can see,

year to date, the stock's performing terribly,

but there may be a sign of a turnaround here.

If you look at the last month,

it has been on the uptrend.

So, we're gonna buy as many shares of JVA as possible

and then, see where we are at by the end of the week.

And I just got an alert on my phone here

about Rekor Systems, that's the stock I owned before,

and it is up today to $2.20.

Now, I did make one mistake and it actually is

to our favor here with this portfolio.

I told you when you sign up for Webull,

you get a free stock after you fund the account with $100,

and when I actually opened my Webull account,

they were running a different promotion

where just for opening the account, you got a free stock,

and then, you were eligible for a second free stock

after funding with $100 or more.

I actually got a notification the other day

that I have another free stock waiting for me,

but just understand that was an old promotion,

and now, you just get the one free stock

when you open an account and fund it with $100 or more.

As you can see up top there, it says,

"Congratulations, you get a chance to draw a free stock."

We'll go ahead and hit get and actually ended up

with a share of Ford which is a $10.38 stock.

That's honestly not too bad for a completely free lottery.

The two free stocks I got were a ABEV

for opening the account,

and then Ford for funding the account.

As you can see, American Beverage,

I got that stock back on November of 2018.

That was from a previous opening of this account last year.

All right, and the order has been filled.

I just bought 23 shares of JVA stock for $4.49 per share.

It is now closing of the market on Wednesday.

I'm not sure if you guys can see my screen there,

but I am down a little bit

on the stock right now, down 5.65%.

I don't really know what's gonna happen with the stock.

This might be the first one that I lose money on.

I'm gonna close this thing out by Friday

because I'm gonna be going on a vacation.

Maybe, we'll have some luck in the next couple of days,

maybe not, we'll see.

Now, if you guys have have enjoyed this series so far

of trading random stocks,

let me know in the comments down below

and drop a thumbs up on this video,

and I will know that you guys liked it,

and I'll continue the series of documenting,

trading random stocks with $100.

It is now Friday and I regretfully

have to let you know it is time

to sell Coffee Holding Co., Inc. under the symbol JVA,

currently trading for 4.27 per share.

It's basically done pretty much nothing

over the last five days,

and like I said, I'm heading out on vacation Monday,

so I'm not gonna have time to keep track at is,

and one of my rules for this series

is I can only hold the stock for up to five trading days,

so we're going to go ahead and sell, cut a small loss here,

and continue this series in the next episode.

So, we just processed that sell order,

and now my cash balance is down to $98.66.

Overall now, I am down about maybe $7 or so,

and then in a couple of days,

my free share of Ford should settle and enter my account,

and then, I'll probably sell that and add that money

towards this trading account just to play around with.

If you look at my orders here in the app,

you can see that I bought 23 shares

of the stock at $4.49 per share,

and then, I sold those 23 shares for $4.22.

We lost, I think, somewhere around 5% on that trade.

Obviously, not a great trade at all

but we will continue this in the next episode

and see how we do.

Anyways guys, that's gonna wrap up the first episode

of "Trading Random Penny Stocks with $100".

Let me know what you guys think down

in the comments section below,

and also let me know what stocks you guys want me to buy

in the next episode.

If a stock it's a ton of uploads from you guys,

I will potentially trade it in the next episode

and see what happens.

Once again, I just wanna restate,

this is for entertainment purposes only.

This isn't how about really invest my money

and it's not how I recommend you invest your money either.

But it is kind of funny to see what happens

when you just randomly trade obscure penny stocks

that nobody has ever heard of.

Most people consider a penny stock

to be any stock that trades less than $5 per share,

so if you're hearing me saying penny stocks

and you're thinking, "How is a $4 stock a penny stock?"

Based on that definition,

it is considered to be a penny stock.

And if you don't wanna go ahead and sign up for Webull,

you will get a completely free stock

just for opening and funding that account with $100.

That's the app you guys

had been seeing me use in this video.

That is the top link in the description below.

But thanks so much for watching guys.

Subscribe if you haven't already

and I will see you in the next episode.

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