Do you avoid pennystocks because there are too many scams?

1. 93

   Rock_njposted 7 years ago

   Do you avoid pennystocks because there are too many scams?
   
   I just wrote a hub that mentions how to avoid pennystock pitfalls.
   
   
   Where To Find Pennystock Tips on the Internet
   
   
   

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2. 61

   DannyMaioposted 7 years ago

   good question, I was actually thinking of trying some. I'm still learning but would love to hear other stories. great question.

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3. 60

   LRCBloggerposted 7 years ago

   People typically invest in penny stocks because of high risk/reward.  Most of these companies are garbage and having the exact precise timing to make money is difficult.  I would suggest learning about options trading.  There is a lot of high reward scenarios and you can also utilize various strategies to limit your risk.  It is also a lot easier to find profitable ideas.

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4. 60

   piet2pataposted 6 years ago

   I really dont understand these pennystock emails I'm getting. If they so sure their method works, why wouldn't they keep it to theirself?

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5. 60

   fxdaddyposted 6 years ago

   Actually, they are the only stocks I buy.  The psychology is much more transparent, in my opinion.

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