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.
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.
Things you need to do and think about before the renovation project
If you plan on renovating your home anytime soon, there are certain things you should check of your list before...
3 Things You Need To Be Doing To Look After Your Teeth
Many people don’t prioritise looking after their teeth, however it is so important as we only get one adult set...
Car Care and Checklist for Road Trip
Are you planning a road trip across Australia? If you are, you must know that you couldn’t have chosen a...
Interior Design Secrets For Your Living Space
Interior design is not something that comes naturally to the majority of us. Figuring out how to pull a room...
Office Building Maintenance You’ll Need To Take Care Of
Like other buildings, office buildings need to be well-maintained so that they are safe, comfortable, and pleasing aesthetically. To accomplish...
Text Messages Vs Sexting Apps – What is best for fun?
It’s no secret that sexting has become a popular way for people to get their kicks. But what’s the best...
Hottest Trainer Brands for 2023
It’s time to update your wardrobe! As we get closer to 2023, it’s time to get the freshest fashion trends....
How To Have Great Personal Hygiene
Personal hygiene should be a basic practice of everyone’s routine. Feeling healthy and clean is a direct response to great...
Protecting Yourself From Scams
As the world becomes more digital, unfortunately many people are using this as a way to scam hard-working people. There...
Marketing Tips For A Gym Wear Brand
When starting a gym wear brand, there are a few things you need to do and one of them is...
Why Is Quantity Surveying Essential in Construction Industry
Quantity surveying is an essential part of the Australian construction industry. It is the process of calculating and estimating the...
How to Maintain Upholstered Furniture
No matter if you have pets or kids, maintaining your upholstered furniture is quite a challenge. Even though vacuuming it...
How Do I Find a Good Bubble.io Developer?
Finding a good bubble developer to help build your app or digital product can seem challenging. How can you choose...
When is a right time for home repairs?
Summer is a popular time for a renovation around the globe. While it is true that bright days and warm...
Top 15 Alteryx Competitors
The world has seen a tremendous rise in startups and new incorporations in the business world. Companies have great potential...
Tech8 years ago
Creating An e-Commerce Website
Tech8 years ago
Design Template Guidelines For Mobile Apps
Business3 years ago
What Is AdsSupply? A Comprehensive Review
Business7 years ago
The Key Types Of Brochure Printing Services
Law2 years ago
How Can A Divorce Lawyer Help You Get Through Divorce?
Travel10 years ago
Who Else Wants Also Nfl Hat
Tech2 years ago
5 Link Building Strategies You Can Apply For Local SEO
General7 years ago
Kobe Bryant With His Unique Nba Jerseys