What are good Penny Stocks to invest in?
I’m looking to make good gains through investing in penny stocks.
There is no such thing as a good penny stock to invest in.
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. Since there no requirement on market makers in the OTC Market it may be difficult to find a buyer when selling is required.
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. Since there are no meaningful regulations for trading only those with trading experience stand a chance of being successful trading in penny stocks. Penny stocks are not for newbies. “Investing” in penny stocks supports the proverb “A fool and their money are soon parted”.
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. One should not trade penny stock unless they have several years experience trading regular securities.
All that said, here are some websites that you will find helpful
Beginner’s Guide to Investing in Canadian & US Pot Stocks: No Brokers Needed; No Minimum Purchase!
Why Pot Stocks? I’ve been interested in the stock market since the early 80’s. In 1997, I was watching Amazon’s stock. I was running a homebased business and was already doing drop-shipping, to customers so it was exciting to see what things new online ‘bookstore’ was going to accomplish. It’s embarrassing to admit, but I watched this stock soar, but I let that old spirit of FEAR stop …
I have given a detailed insight into the do’s and don’ts to penny stocks everything you need to know…