jump to last post 1-5 of 5 discussions (5 posts)

Do you avoid pennystocks because there are too many scams?

  1. Rock_nj profile image93
    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


  2. DannyMaio profile image61
    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.

  3. LRCBlogger profile image60
    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.

  4. piet2pata profile image60
    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?

  5. fxdaddy profile image60
    fxdaddyposted 6 years ago

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