Stock Markets Exposed
what is the best way to get started in investing in penny stocks..?
I am mostly intrested in finding information on penny stocks..... not alot of info in the major stock prints..... my portfolio is diverse...... I've alotted myself $10,000 that I can afford to lose without losing my mind....... I just need more info on the companies......and trends.....
Public Comments
- Have alot of money to lose
- treat it like gambling on the lottery.
- Prepare yourself mentally and financially for losing it all overnight.
- Learn as much as you can. Investing in penny stocks may be highly risky, but trading in them is not always so but you need to learn how to trade stocks profitably in general. It's no different whether it's a penny stock or not.$50 stocks go down a lot too. Not only that, penny stocks have higher gains to make up for risk vs reward. They can go down a lot too but Yahoo was once a $300 stock that went to $10 so what's the difference? Just work on your skills, don't chase hype.
- You can check out http://goldenbullstocks.com they are good with penny stocks but there is a small fee.With a little homework i think they are great
- Research will do little for investing in penny stocks since there is minimal information available other than required filings, etc. to be found. I would, as others have said, treat this as a crap shoot. Find a company with a seemingly sound product/idea and roll the dice. This is really all penny stock trading is. Good Luck! Wes Norsew Investments, LLC Rochester, MN Turning Pennies Into $ http://www.alternativefranchise.com
