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I have noticed throughout this section of the website, that a few people have been interested in penny stocks; however, whenever someone is, someone else always seems to tell them that it is more like gambling than investing. Or, that it isn't likely, not a good way to invest, etc. etc.
I thought this was a board of how to, not don't do!
Having enjoyed ventures in penny stocks for the entirety of my investing journey, I can certainly say that they are not a gamble, necessarily, and that it is quite possible to find and invest in them each and every day for profit! Though, I'm not to that point yet, myself.
But, they offer a much different investment than do most stocks. In my experience, most stocks only offer, perhaps, 10% growth per month with any reliability or consistency; and if you can get that out of a stock (not options) consistently, then I would love to know your methods! However, with options, it is possibly to multiply those gains to, well, I don't know exactly what, but I do believe that good investors who know how to use options can trade large cap stocks and make hundreds of % per year, with pretty good consistency.
Penny stocks, on the other hand, can and do make 10% - 200% (the most I've seen) in a single day, once they take off. And, they can continue to go up for weeks, or even a few months; though if they are up for months, it's probably not going to be a positive % every day. But, still ridiculous returns.
The challenge, of course, is finding penny stocks that will go up. Well, the only way I've done it is simply to go brute force through many, many, many charts (I used T/A to make my picks) and find ones that have what I'm looking for. If you don't believe that it's possible for someone to pick a penny stock before it goes off, watch the stocks I have listed here for the next few days/weeks, and see where they go. They probably won't all go up, but if you wait until they show signs of moving up to buy, you can usually be in for most of the ride and still make nice gains
Stocks I'm watching:
ADTJ
AMTO - Recently began move up
BRVO
CMEG
GPGI
GRUS
HWBI
NTBKQ
PGSW
SDRG - Began it's move up the day after I found it. And still looks to be going up further!
I thought this was a board of how to, not don't do!
Having enjoyed ventures in penny stocks for the entirety of my investing journey, I can certainly say that they are not a gamble, necessarily, and that it is quite possible to find and invest in them each and every day for profit! Though, I'm not to that point yet, myself.
But, they offer a much different investment than do most stocks. In my experience, most stocks only offer, perhaps, 10% growth per month with any reliability or consistency; and if you can get that out of a stock (not options) consistently, then I would love to know your methods! However, with options, it is possibly to multiply those gains to, well, I don't know exactly what, but I do believe that good investors who know how to use options can trade large cap stocks and make hundreds of % per year, with pretty good consistency.
Penny stocks, on the other hand, can and do make 10% - 200% (the most I've seen) in a single day, once they take off. And, they can continue to go up for weeks, or even a few months; though if they are up for months, it's probably not going to be a positive % every day. But, still ridiculous returns.
The challenge, of course, is finding penny stocks that will go up. Well, the only way I've done it is simply to go brute force through many, many, many charts (I used T/A to make my picks) and find ones that have what I'm looking for. If you don't believe that it's possible for someone to pick a penny stock before it goes off, watch the stocks I have listed here for the next few days/weeks, and see where they go. They probably won't all go up, but if you wait until they show signs of moving up to buy, you can usually be in for most of the ride and still make nice gains
Stocks I'm watching:
ADTJ
AMTO - Recently began move up
BRVO
CMEG
GPGI
GRUS
HWBI
NTBKQ
PGSW
SDRG - Began it's move up the day after I found it. And still looks to be going up further!
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