Day Trading Penny Stocks – Is It Really Worth The Risk?
Is day trading penny stocks really a wise move for your investment activity? Many people are wary of this activity, and with good reason. While you certainly do hear the glamour stories of the many investors whove made fortunes with penny stocks, you often times dont hear about the thousands whove lost a ton of money in the process.
Penny stocks are notorious for enabling you to make either huge gains or losses overnight. Many people hear stories about somebody who made a million dollars in a couple days day trading penny stocks, and become so enamored with that they dont realize these same investors (gamblers, really) most often lose all that money soon after.
Believe it or not, penny stocks are nothing more, nothing less than glorified gambling. Yes, there are some investors who can make a lot of money with this avenue, but only if they are absolutely sure of what they are doing. The reason for their volatility is simple: every one of these companies that are trading for les than $1 per share got into the situation for a reason.
Usually, it was either bad management, poor economics, or a...
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