What Are Some Penny Stocks To Invest In Right Now And Why?
Recently I discovered my interest in investing in all aspects of the stock market. For some reason I find penny stocks intriguing. Has anyone personally had success with penny stocks and if so what are some good stocks to look at right now.
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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.
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.
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.
Here some websites that you might find helpfulhttp://www.smallcapinvestor.com/http://www.stockwire.com/http://alphaking.com/http://www.otcstockexchange.com/http://www.mcapstocks.com/Default.asphttp://www.pinksheets.com/pink/quote/ind…http://ragingbull.quote.com/cgi-bin/stat…http://www.swingtrades.com/
If you’re a rookie in investing or stocks, go to
http://www.finance.yahoo.com.
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.
If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.
With penny stocks, you can not hold them for long term. Penny stocks are all about Day trading and perhaps you could say Swing Trading. Which means to hold the stock for no longer then a week. Usually News and PR move penny stocks, so do your own research and find penny stocks that are putting out some strong news about there company…
if you want i’m with a small chatting group that we make some research and we pick penny stocks to invest in for the week, and we all help each other… and so far we made lots of money… if u want the site is http://www.pennystocksopedia.com ….
If you want to learn about swing trading and penny stocks visit the website… it shows u videos of how to know when to buy and sell.
Best wishes.
Hope to chat with you on the site..
You have to take a look at ACTC. They currently hold the cure for vision loss and blindness. They are weeks away from filing the Initial New drug to the FDA in order to start human trials. They are also re-listing on the OTC.BB market and getting that FDA approval. By the end of this year this is going to be up 800% or more without a shadow of a doubt.
NONE of them!
Why? Because if they had any kind of genuine potential for growth, they wouldn’t BE “penny stocks”, would they now?
Siri or salem communication are the best at this moment. Look at them in past 1 or 3 months and you can see they grow over 400%
I would say, if you must, then go for the resource stocks: mining and oil exploration.