[mage lang="" source="flickr"]how to pick penny stock[/mage]
What is a good site for penny stocks? And how do i no what stocks i should chose?
im looking to get into penny stocks and want to know a good site for it and how do i pick witch stocks to buy?
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. Penny stocks are fun to trade, but you should never count on them to be considered part of your primary investment objectives.
Here some websites that you might find helpful
My Penny Stock Due Diligence Techniques