I have zero experience in this and need some insight from those who do.
This relates to this thread
I gleaned a little from this thread but not enough.
Could you please respond, if you have ACTUALLY bought and sold micro / nano caps, and what your experience has been?
I'm not looking at selection methods or anything like that.
There seems to be 2 types about:
a) The stock that trades regularly...but simply at a low $ volume. Today I posted a stock in the above thread that trades 3 days a week on average. On the days it actually trades, the average $ volume is ~$10k (median around $6.5k)
b) The stocks that just don't trade. Maybe a couple times a year. The free float might only be 10% of the total shares outstanding. In one case, I found it to be around 2%.
If you've traded either or both of these situations...any info about your experience would be appreciated.
Have you used limit orders? How long did it take you to get in / out? Did you find your buy (sell) price to be similar or very different to the current offer (bid)?