I was thinking about trying to invest in penny stocks for a bit. I pulled almost all my money out of my tradeking account and Im ready to make another go at it. Im not going to leave my money in my savings because .02% if it is that is nothing. If anybody knows about tips or strategies for penny stocks for day trading please let me know the ins and outs. Thanks.
anyone here know about penny stocks?
- Thread starter mrets123
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Bam Bam Baklava
Member
I wouldn't do it.
D
Deleted member 13876
Unconfirmed Member
The danger with penny stocks is you have no idea what's going on at that company and can get fucked in a heartbeat.
This reddit link has a few examples of this:
http://www.reddit.com/r/investing/comments/158vi7/i_used_to_be_a_penny_stock_promoter_in_the_late/
This reddit link has a few examples of this:
http://www.reddit.com/r/investing/comments/158vi7/i_used_to_be_a_penny_stock_promoter_in_the_late/
Buckethead
Banned
OP have you ever had sex with your cousin?
Randolph Freelander
Member
On average, you're always going to be buying near a record high.
GrooveCommand
Member
Do not buy penny stocks. Penny stocks are cheap for a reason. The majority of penny stocks are so cheap because it's either not a legitimate business or the business does not have favorable long term prospects. There's always a chance you'll pick the "right" stock and make a lot of money. If you find a penny stock that you've done the research on and you think it's a legit business with proper management, I'd say invest as much as you'd be willing to lose. The majority of your funds should be invested into legitimate stocks though.
Of course I'm not talking from experience, so I could be totally wrong. Overall I think the market's a little high right now. I've put my investing on hold for now.
Of course I'm not talking from experience, so I could be totally wrong. Overall I think the market's a little high right now. I've put my investing on hold for now.
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