[mage lang="" source="flickr"]penny stock investing[/mage]
I’m thinking of investing in penny stocks. Any tips on what to invest in?
or on what companies hold better through times of recession? im new to this so any tips on penny stock investing would be great.
Penny stocks are, at times, fun to trade BUT you should never count on them to be considered part of your primary investment objectives.
When you invest/trade in penny stock you should never put up more than you can afford to loose and you should assume you will loose it all. Unlike regular securities, penny stocks usually do not let you use risk cutting procedures (options and/or stop orders) since most are not traded in a regulated market place.
They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.
When buying penny stocks, like any other security investment, you never invest 100% of you investing capital.
All that said, here are some websites that you will find helpful
Penny Stock Investing Penny Stock Trading Explained (Pt.1)