Penny Stocks
Hot Penny Stocks
Hot penny stocks don't last long. As a penny stock trader you are looking for high volume, and volatility. The more volume the better. This is because its easier to get profitable trades in and out. If there were limited volume, you stand the risk of getting stuck in the stock. And we can't have that.
You can find hot penny stocks by using stock market screeners, watching certain forums or message boards, or by joining a free or premium stock alert newsletter or system.
Keep in mind when looking to join newsletters, you normally get what you pay for. So with free ones, while they may get some right now an then, they are most likely more interested in promoting and advertisement to you. That being said, they also must be sure that whatever it is they are promoting can be profitable for their subscribers.
You can find hot penny stocks by using stock market screeners, watching certain forums or message boards, or by joining a free or premium stock alert newsletter or system.
Keep in mind when looking to join newsletters, you normally get what you pay for. So with free ones, while they may get some right now an then, they are most likely more interested in promoting and advertisement to you. That being said, they also must be sure that whatever it is they are promoting can be profitable for their subscribers.
Penny Stocks To Watch
If your going to head out into the shark infested waters of the penny stock market, (if you survive past your first deposit into your brokerage account) you will, in time, identify certain penny stocks that like to swing back and forth. Or you may get a tip on some hot news coming out on a specific company. You may catch wind that a stock is going to be promoted. Or you know that some large development is about to take place. These are called penny stocks to watch. You keep an eye on them because there is potential there to make some money.
Penny Stocks To Buy
Now if you're looking for penny stocks to buy and hold on to it longer then a day or a week, then you really need to do your due diligence in this area. For starters, penny stocks are very high risk, but also high reward at the same time. And because of this, its much, much harder to identify a stock that is worth holding long term. This is because most penny stocks companies, won't ever succeed. In fact, the publicly traded shell may have held several businesses over the course of its existence.
There are those handfuls of uncovered gems that do actually go beyond the OTCBB or penny stock market and uplist to the Nasdaq or better. This is where penny stock investors make an absolute killing. More so then any traditional stock market investment would ever return.
There are those handfuls of uncovered gems that do actually go beyond the OTCBB or penny stock market and uplist to the Nasdaq or better. This is where penny stock investors make an absolute killing. More so then any traditional stock market investment would ever return.
Best Penny Stocks
The best penny stocks are those that can make you money. Plain and simple. Finding the best penny stocks, on the other hand, is something entirely different, and not so simple. Many successful penny stock investors have come up with their own systems, or have learned from other veterans in the markets. Some just follow the picks of good investment newsletters (which is probably easiest).
If you don't have time to spend countless hours a day pouring over data, analyzing charts and digging up tidbits of potentially profitable information, then you it may be best you find yourself a good investment newsletter or two. The good ones will also provide education, and some will even teach you how to pick stocks. So in time, you, yourself can become a self sufficient penny stock trader.
If you don't have time to spend countless hours a day pouring over data, analyzing charts and digging up tidbits of potentially profitable information, then you it may be best you find yourself a good investment newsletter or two. The good ones will also provide education, and some will even teach you how to pick stocks. So in time, you, yourself can become a self sufficient penny stock trader.
Awesome Penny Stocks
Just like the best penny stocks, awesome penny stocks are those that don't just return a mere 10% daily, but thousands of %. That's right, 1000s of % returns. This can happen in the penny stock markets. And it happens more so then you think. It's just that many of the high percentage runs don't last long.
Penny Stocks List
You can find a good penny stocks list at www.otcbb.com or event otcmarkets.com. They will have the latest in filing information. And tons of it. So you really need to know what factors to look for when identifying potential penny stock runners. Some will be fully reporting, others will have very little to no information. In fact, otcmarkets.com has warning signs for those companies that do not keep public information up to date. These companies are probably best to stay away from, or treated as very short term trades when volume occurs.
Top Penny Stocks
The top penny stocks are those that are getting the most attention. Much of the time its from promotions. Many penny stock companies or those that they hire, depending on their budget, will repeatedly run promotions on the company. Oodles of press releases will go out during this time also. This is to create awareness, and hopefully positive trading volume. Sometimes, however, you will receive tons of spam emails trying to promote a penny stock. This is actually illegal, and could be considered criminal depending on the extent of their blatant fraudulence. A good investment newsletter will follow the SEC rules and regulations by telling you they have been paid to promote the penny stock in question, or whether they hold a position in it. They must disclose any conflict of interest.
Penny Stock Picks
So how can you find these profitable penny stock picks? You can find them yourself, which will probably be difficult if you are not experienced. Or you can join investment newsletters. Some are free, some are paid subscriptions. As stated above, you get what you pay for. Many will provide education along with stock alerts. Some you can follow along with the trader and do what he does.
You can join forums and chat rooms to try and meet people willing to help you, or get investment ideas. Be weary, however, many of these places are where many unethical stock promotion goes on, and you could get caught in a pump and dump. That being said, learn to do your own due diligence. Find a mentor or mentors. Read a lot. Understand how to read charts, level 2 and where to get the latest news the fastest. Real time information is invaluable for a trader. Remember, once you press the button, your money is in someone else's hands. Don't give it up so easily.
You can join forums and chat rooms to try and meet people willing to help you, or get investment ideas. Be weary, however, many of these places are where many unethical stock promotion goes on, and you could get caught in a pump and dump. That being said, learn to do your own due diligence. Find a mentor or mentors. Read a lot. Understand how to read charts, level 2 and where to get the latest news the fastest. Real time information is invaluable for a trader. Remember, once you press the button, your money is in someone else's hands. Don't give it up so easily.
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