There is a secure way to
deal in penny stocks and there are certainly many
bad ways. The secure way involves building small
gains of a consistent basis leading to larger
profits and the bad way usually consists of greed
taking control and throwing it all on the line.
The traders that survive day to day trading of
penny stocks do it the secure way. You just can't
think you will get rich on trading one penny
stock. It does happen and it can certainly happen
again. But mostly you will lose you trading money.
Making 50% or 100% gains on your cash a couple
times a week is a more a reality, these are great
gains but all to often people see this and they
give into the temptation of putting all their eggs
in one basket thinking they can’t lose. and they
are wrong, penny stocks go up and down faster than
any kind of stock.
On penny stocks it is possible to spend small
amounts of money to test the waters or just play
it safe. You can invest $100 or even less and get
thousands of shares. As always the more money you
invest the more you will make but small consistent
profits are the key to averaging your way to penny
stock wealth.