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Quick Guide To Penny Stocks

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  • Quick Guide To Penny Stocks

    For the purposes of this article, we're going to define penny stocks as any stock trading under $5/share.

    Before we get started let's go over the pros and cons of penny stocks as they are numerous.

    Pros
    • Penny stocks are obviously cheaper than your more established and higher priced stocks and that allows you to buy more shares
    • You can make a lot of money very quickly
    • They can be a good place to find way undervalued companies

    Cons
    • You need a brokerage that allows buying of penny stocks.
    • Cheap isn't always good and you get what you pay for.
    • Sometimes penny stocks are for fake companies and could go in the tank overnight.



    Penny stocks are inherently more risky than regular stocks and more caution should be exercised when trading and investing in them.

    Don't shy away from penny stocks because of the price. Apple and Microsoft both once traded under $0.50/share in the mid 80's so penny stocks can turn from ugly ducklings into prized possessions!

    Tim Sykes is a great example of the profit potential of penny stocks. He turned 12K into over 1mil by shorting penny stocks.

    I always find that the hardest part of penny stock trading is finding good picks. They aren't as obvious as regular stocks.

    Here is a good service if you need help finding penny stocks to buy:

    Microcap Millionaires


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    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


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    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
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  • #2
    Microcap millionaires is good. I use them on almost every pick

    Comment


    • #3
      Originally posted by Chang View Post
      Microcap millionaires is good. I use them on almost every pick
      You should head over to the microcap thread and give a review of the service. Click HERE
      Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

      The 10-Buck Broker (Long-Term Stock Picks)


      Best Stock Picking Services

      Sign up for the forum to reply to this post!!!


      Best FOREX Signals Software

      Stock Market Investing For Beginners


      "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


      Terms Of Service

      Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

      Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
      Best stocks to buy now Stock Market
      Best stocks to buy now
      Dow Jones TodayDJIA

      Comment


      • #4
        Are penny stocks good for young traders with small accounts?

        Comment


        • #5
          Originally posted by MikeJones View Post
          Are penny stocks good for young traders with small accounts?
          Penny stocks can be your best friend when you have a small account but you gotta be extra careful with them

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