Penny Stock Risks

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Penny stock question?

I recently put 500$ into my ameritrade account just to play around with penny stocks. I understand the risks and thats why I decided to just try it out. Now my question is the stock I picked up went up 83% yesterday. However today it has dropped 20%. If anyone of you also trade penny stocks when do you generally sell them? Since it has dropped 20% today i feel inclined to sell. Let me know thanks.

Before doing anything, you should find out WHY this stock shot up 83% in a single day. Stocks don’t fluctuate for fun, theres logical reasoning behind it. The news you discover could play an important role in selling or holding. Anyway, if I were you, I would sell.

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