Stock Markets Exposed
Can Anyone Give Me Some Penny Stocks Trading Advice?
I'm looking to get started in investing in Penny Stocks. If anyone who is experienced in this field can offer any tips and advice, it would be much appreciated!
Public Comments
- Hi, From experience, you should be very cautious when approaching penny stocks because they can lose value very quickly. It may worth opening a demo account to play with "play" money before using real money. Good Luck!
- Penny Stocks are only lightly less volatile than nitroglycerin, but to be fair the difference is actually insignificant. In my opinion you may as well play the slot machines in a convenience store. If you do insist on playing this market, don't risk any more than you would gambling and stay on top of your investment constantly. The stock values fluctuate wildly and they do so in a very short period of time. If I were were going to do what you are contemplating, I would resign myself to being a TRADER, and not an INVESTOR. I would expect to make two or more trades every day, and spend my life in front of a "real-time" display of the trading values. If I haven't scared you away, have fun and treat it like entertainment with a possible chance of getting rich. Good luck.
- don't put any money init you are not prepared to say goodbye to
- 1. Ignore spam emails regarding "hot stocks" 2. Read up on the companies you want to trade. 3. Look to invest in a reputed stock newsletter, possible starting point is the free letters from Agora Publishing 4 Don't invest more than you are prepared to lose. 5 Have fun
- This is not rocket science or brain surgery. Actually, it is probably more complicated, since rocketry and brain surgery are pretty much exact sciences. Stock picking is not. A slew of cross-currents go into the thought process. Here are most of the factors we consider, though there are some we don't disclose (can't give away all of our penny stock picking secrets). Pretend that stock picking is comparable to creating the Universe. Look upon the Balance Sheet as The Big Bang. Does the company have ample cash and assets to keep it afloat for the next year or two? Is it laden with too many liabilities, such as a heavy debt load? If the Balance Sheet seems reasonably sound, then, half the work is done. Analysts' Ratings. Although we do not give this much weight, seeing analysts covering a company does provide some degree of comfort.
