Is It Possible to Make Money Trading Penny Stock?
thehuntress asked:
I really mean fractions of a penny. For example a stock that’s at .001
I really mean fractions of a penny. For example a stock that’s at .001
I have made a few hundred dollars, but I would like to make thousands – like $10,000
Anyone want to suggest a stock like that?
With penny stocks….for every winner…there are a hundred losers. Mutual fund is one way to build wealth.
It’s hard to predict a stock that will earn you a lot in the short term. The safest and most reliable way is to invest for the long term – mutual funds.
penny stocks are ok for a small portion of your portfolio.
the trick to penny stocks is to invest a little in a lot of different stocks.
As was mentioned above, most are losers… You just want to hit one big winner so it’s a numbers game.
about halfway down on the right are links to penny stock info
high risk, high return. You can only earn large sums of money if you are willing to lose the same. you can definitely make money in penny stocks, just make sure you pick the ones with growth stories.
Take a look at some of the nearly bankrupt gold prospectors….I lost my a$$ on GSPG.OB but it could possibly turn around if they can get more financing…I’m sick of it however. selling for .01 cent. (it was .07 last year)
I would stay away from Penny stocks. There just is not as much research and disclosure on them, so they are essentially throwing darts at a dartboard. You are better off purchasing 100 shares of a known company that has had a bad run lately. Basically doing some news research and betting on the turnaround. A perfect example would be a stock like TIVO that is going through some issues, but if they win a upcoming court decision, they should see a little pop in their stock.
You could buy 50 shares at $6.25. If it pops to $10 or more, your in good shape and can used the proceeds to buy something else.
read what “Bear Naked” said 20 times. And remember it. Right on the mark.
Yes, but rare. Try somthing like CNXT for $2.00 you will probably double your money.
You wopuld have made 15% with LSGP.OB today
Listen to bear naked and go for mutual funds, possibly a balanced fund.
U can make money in penny stocks provided you trade a good volume..
Besides this I am a professional day trader who teaches beginners how to do day trading in my free time.
Let me know if you interested..
Have a nice day.
Girish
Learn day trading fro free, free online course, day trade stocks