Connect with us

Markets & Finance

How To Buy Penny Stocks

Buying penny stocks can be both fun and profitable. But, and it’s a BIG but, only if you know what you are doing. There are qualitative and quantitative aspects to buying penny stocks and both of these elements need to come together most times for things to work out in the favor of the adventurous day trader. Why adventure? Because, as you’ll see below, how to buy penny stocks has wrapped inside its universe, a certain truth, a pungent ring of excitement and daring, and profits.

How To Buy Penny Stocks

Let’s start with the adventure. Part of the journey with penny stocks and free stock alerts is to understand that they are by any stretch the only trading instruments that can turn the ordinary guy or gal day trading into an overnight super star. The business world is filled with guys and gals who bought into this one truth and have made millions. As a matter of fact, there’s a young man who made a whopping $300K before he was 20! Penny stocks by virtue of them being stocks that trade under $5, are awesome vehicles for accelerated upside opportunities. One day a trader could see a small $500 investment mushroom into $10,000 all because a penny stock moved 1900%. Contrast that sort of adventure with the long, slow, crawl of blue chip stocks that move at best, 1 to 3%. It should be quite obvious based on those realities that blue chip stocks are for 90-year-old men and women from Omaha – the sages; the ones that can do with a 3% move when it translates into around $20M because they bought 50M shares in Coca Cola back in the 1950s. Yes, penny stocks are for the now generation. They are for the people who want to get rich – fast!

Adventure out the way; let’s move to the qualitative nature of how to buy penny stocks. Sadly, not all penny stocks are created equal. Two could be trading for the ridiculously low price of $0.0001, but perhaps only one will have the best upside potential. How do you pick the best one? The answer is a bit nuanced. You see, a day trader could take the view that a penny stock that’s in the virtual reality market, say, is a better buy than say one in oil and gas. On some levels they’d be right; but what if the virtual reality company has bad management; what if they have a bad product, or un-scalable technology? All these things can impact the future growth potential of a penny stock. It is wise therefore to choose only those penny stocks that pass strict criteria for growth and near term returns.

The absolute best news you can happen upon is this: criteria for picking the best penny stocks are often safely worked out by people who have resources, time, and the desire to serve up great work in picking stocks. These are purists; people who believe in doing the best of anything, for anyone. Restless day traders spend the years it takes honing their own criteria; smart day traders get right into the game by leveraging the help of these penny stock purists who run newsletters and make as much money as they possibly can. That’s how you buy penny stocks, young grasshopper – now go out there and put your dent in the universe – and upset old people from Omaha while you are it.

Continue Reading

Recent Posts

Home Improvement1 day ago

4 Most Efficient Drainage Systems for Flat Roofs

The matter of drainage is the essential function of your roof. In fact, the very shape of a roof (a...

Google Algorithm Updates to Expect by The End Of 2021 Google Algorithm Updates to Expect by The End Of 2021
Business5 days ago

Google Algorithm Updates to Expect by The End Of 2021

Google’s algorithm updates tend to come with a lot of uncertainty and questions, and getting ahead of them is the...

Cozy Home Office Setup Tips For 2021 Cozy Home Office Setup Tips For 2021
Home Improvement3 weeks ago

Cozy Home Office Setup Tips For 2021

Whether you work from home or have set out a place for something you like such as crafting, studying, or...

Garden Party Ideas for Everyone Garden Party Ideas for Everyone
Entertainment4 weeks ago

Garden Party Ideas For Everyone

No one can make “a perfect’’ garden party, but we are all able to throw an amazing one. Of course,...

Find Low Competition Long Tail Keywords Find Low Competition Long Tail Keywords
Business1 month ago

How To Find Low Competition Long Tail Keywords Using Free Tools

Keywords are the most fundamental and highest ROI activity when it comes to SEM and SEO.  Having the right keywords,...

Top Tips For Healthy Family Meals On A Budget Top Tips For Healthy Family Meals On A Budget
General1 month ago

Top Tips For Healthy Family Meals On A Budget

A healthy diet is not very difficult to follow since there is a lot of information available on the Internet...

Tips For Your Morning Skincare Routine Tips For Your Morning Skincare Routine
Lifestyle2 months ago

Tips For Your Morning Skincare Routine

Keeping your skin healthy can come down to numerous things. A healthy diet will be a good start in keeping...

How to Make SEO Work For You and Your Business How to Make SEO Work For You and Your Business
Business2 months ago

How to Make SEO Work For You and Your Business

The world of search engine optimization has changed a lot, but certain fundamental principles like focusing on target keywords to...

How to Increase Your Vegetable Garden Yield This Year How to Increase Your Vegetable Garden Yield This Year
Home Improvement2 months ago

How to Increase Your Vegetable Garden Yield This Year

If you are going thru the effort of planning, planting, caring, and growing your plants, you naturally want to get...

Why Families Benefit From A Family Dentist When Dealing With Oral Health Issues Why Families Benefit From A Family Dentist When Dealing With Oral Health Issues
General2 months ago

Why Families Benefit From A Family Dentist When Dealing With Oral Health Issues

Oral Health issues can be a source of conflict and stress in families, especially in families with young children. Not...

What Type Of SEO Is Effective? What Type Of SEO Is Effective?
Tech2 months ago

What Type Of SEO Is Effective?

Every business knows that it takes a huge amount of time and money to maintain a website. However, no one...

4 Reasons to Replace Your Car's Engine With Performance Parts 4 Reasons to Replace Your Car's Engine With Performance Parts
Autos3 months ago

4 Reasons to Replace Your Car’s Engine With Performance Parts

Performance parts are the best kind of upgrades you can make to a car. Performance cars have a higher price...

Maximum Power: Update Your Old House For Modern Electrical Needs Maximum Power: Update Your Old House For Modern Electrical Needs
Home Improvement3 months ago

Maximum Power: Update Your Old House For Modern Electrical Needs

An outdated electrical system can wreak havoc on your energy bills and greatly increase your risk of structural damage. If...

Key Techniques To Learn On A First Aid Course Key Techniques To Learn On A First Aid Course
Health3 months ago

Key Techniques To Learn On A First Aid Course

Introduction First aid training is an incredible qualification that can enable one to offer life saving assistance in an emergency....

Best Tips For Managing Your Building and Construction Projects Best Tips For Managing Your Building and Construction Projects
General3 months ago

Best Tips For Managing Your Building and Construction Projects

Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...

Categories

Archives

Trending