- 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.