[mage lang="" source="flickr"]investing in penny stocks[/mage]
what are some penny stocks to invest in right now and WHY?
Recently I discovered my interest in investing in all aspects of the stock market. For some reason I find penny stocks intriguing. Has anyone personally had success with penny stocks and if so what are some good stocks to look at right now.
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
Penny Stocks Egghead For Investing In Penny Stock