I'm looking to get started in investing in Penny Stocks. If anyone who is experienced in this field can offer any tips and advice, it would be much appreciated!
2006-06-13 03:37:06 · 7 answers · asked by Steven 2 in Business & Finance ➔ Investing
Hi,
From experience, you should be very cautious when approaching penny stocks because they can lose value very quickly. It may worth opening a demo account to play with "play" money before using real money.
Good Luck!
2006-06-13 03:41:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
This is not rocket science or brain surgery. Actually, it is probably more complicated, since rocketry and brain surgery are pretty much exact sciences. Stock picking is not. A slew of cross-currents go into the thought process. Here are most of the factors we consider, though there are some we don't disclose (can't give away all of our penny stock picking secrets).
Pretend that stock picking is comparable to creating the Universe. Look upon the Balance Sheet as The Big Bang. Does the company have ample cash and assets to keep it afloat for the next year or two? Is it laden with too many liabilities, such as a heavy debt load? If the Balance Sheet seems reasonably sound, then, half the work is done. Analysts' Ratings. Although we do not give this much weight, seeing analysts covering a company does provide some degree of comfort.
2006-06-14 16:57:46 · answer #2 · answered by shelly5ma 1 · 0⤊ 0⤋
Penny Stocks are only lightly less volatile than nitroglycerin, but to be fair the difference is actually insignificant. In my opinion you may as well play the slot machines in a convenience store.
If you do insist on playing this market, don't risk any more than you would gambling and stay on top of your investment constantly. The stock values fluctuate wildly and they do so in a very short period of time. If I were were going to do what you are contemplating, I would resign myself to being a TRADER, and not an INVESTOR. I would expect to make two or more trades every day, and spend my life in front of a "real-time" display of the trading values. If I haven't scared you away, have fun and treat it like entertainment with a possible chance of getting rich.
Good luck.
2006-06-13 03:54:45 · answer #3 · answered by gimpalomg 7 · 0⤊ 0⤋
This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/2ovnG
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-02-16 14:31:25 · answer #4 · answered by ? 3 · 0⤊ 0⤋
1. Ignore spam emails regarding "hot stocks"
2. Read up on the companies you want to trade.
3. Look to invest in a reputed stock newsletter, possible starting point is the free letters from Agora Publishing
4 Don't invest more than you are prepared to lose.
5 Have fun
2006-06-13 19:01:06 · answer #5 · answered by newtaratravel 2 · 0⤊ 0⤋
don't put any money init you are not prepared to say goodbye to
2006-06-13 04:22:25 · answer #6 · answered by Norman 7 · 0⤊ 0⤋
I wished I could
2015-03-14 06:28:01 · answer #7 · answered by Jimmy 1 · 0⤊ 0⤋