Penny Stocks?

Question

I would like to start investing in Penny stocks. I have an account with Scottrade.com.

1-Is there any tutorial or comprehensive book for penny stock investors?

2-I have heard about softwares that help you in deciding when to buy and when to sell. Is that true? If so, what softwares do you recommend.

3-I searched for some information on the Internet and I came across pennystocks.com website. This site and others claim that they can help you in deciding when to buy and when to sell, how true is that and would it be beneficial to join one of these websites to maximize the profit.

Thanks.

Answer 1

i have been doing it for about 6 years now,and i have done well with it.


1) only buy stocks on the 3 exchanges (NYSE,NASDAQ,AMEX)
2) buy between $1.00 - $3.00 a share.
3) no more then 15 million shares outstanding
4) positive earning per share (EPS)
i use the yearly numbers and not quartly numbers
5)buy at least a 100 shares worth.
6) sell 50 shares when the stock doubles in price. this takes your money off the table so to speak. then you buy another company.
7) buy at 50% the book value of the company.(shareholder equity divided by # of shares outstanding)
8)current ratio of 2.0 (current assets divided by current laibilities)
9) little or no long term debt.

if you stick these rules you should do ok.

Answer 2

Penny Stocks Review

Answer 3

Penny Stocks are the last thing a new trader should be getting into. All software that predicts when to buy and sell a penny stock is a rip off and doesn't work.

You are going down a road that most of us have been down. We started out thinking how easy it would be. I know a firm that will walk you through them, etc.

It's not going to happen for you. You may luck out on one or two..... but you will lose big money.

Take a year before you even put 1 penny down. Read as much as you can. Know the risks. Know money management (as it relates to investing and risk/reward ratios).

Consider yourself warned.

Answer 4

Penny Stocks.com

Answer 5

This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/pennystocks
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.

Answer 6

Penny stocks are gambling, not an investment. There is a reason that some stocks are practically worthless. You will most like lose most or all of your money. I suggest you learn how to invest your money before you put it at risk.

Answer 7

I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

For more info: http://pennystocks.toptips.org
Have a nice day

Answer 8

penny stocks are the best for small traders. if you have little money, your only chance is to go pennies. lots of potential. However, you have to educate your self on the subject and not get taken by advisor's picks. Avoid paid services since you'll end up getting picks that are available publicly.

I recommend that you paper trade first and do that for a while before you commit your real money.
http://www.pennystocksmpire.com

Answer 9

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 10

Be aware of the scam!!! :)

gdz,
Global Investors Community
http://www.moneyhowto.com