When I had first started to learn about stocks I thought that I could get started in penny stocks and as I do my research more and more I am realizing that it is the most riskiest type of trading that you could get into. So when I look at it I think that I will not even waste my time trying to get into it because I think that I will lose a lot more money trying to get it to work then actually making any money from it.
I tried it once or twice. It was a start up company that rose dramatically the first few months and then fell of the NASDAQ completely. It was a roller coaster ride for sure. Nothing big invested though. It was fun waking up in the morning to see how it was doing.
Just depends on if you know that to look for. The Penny Stock Bible is perhaps the best book I've read and still use for trading penny stocks and other securities. A Great Book.
It's all about risk and return. If you're willing and able to take the risk, more power to you. But if you're new to investing and assume that markets are a one-way bet, I'd take a step back and have a look at a few blue-chip names first before jumping in.
But I think that is the whole appeal of the whole thing. You just have to know when to buy and sell and you need to know how to be able to profit off of it.
I am very interested in investing in penny stocks; But I'm still trying to learn enough information to be able to invest in them without it being a high risk opportunity.
I am definitely in the same boat as you. I understand about penny stocks, but I have not invested in any yet.
Do you mind if I inquire what specifically he invested in? I'm sorry to hear about his loss. That's awful. It's like the seniors who put their investments with these crooks who take their whole life savings and they have to get a job again. So sad.
I've done a lot of research into penny stocks but was too scared to go forward due to the volatility of them. I've heard if some great programmed that people follow like the fous 4. Is it any good
Otherwise you might as well not bother with the investment. If you got $2000 and your investment plummets to $300 then it is not worth it.
