WEALTH UNIVERSITY

[oldhamegg]

I'm going to stick with never. Especially for a new investor. They will be slaughtered. Always. It's like taking an accordion hunting. It may be fun, but you won't get many deer. The new investor doesn't know enough to get out of the way of trouble stocks and trouble indicators. They won't be able to tell the difference. I say learn charts, DD, Fundamental analysis and stick with safe Big Board stocks for a couple of years, until they get their sea legs.

You on the other hand are an extremely talented and experienced trader who knows the ins and outs of the vicious pump and dumps, and other mind games that are played to steal your money. You also have a bigger safety net in terms of bank roll and connections. As well as you have done here on pennies, mainly because of experience, others here have been burned badly on the same stocks. I'm one of them. Ask around you'll find more with the same experience as mine. It's not a knock, just the difference between experienced and inexperienced traders. Always do your own dd. Do not take the waiters word that he has a good stock tip.

A newcomer should always stay away from pennies. It's hard enough to make money in the market when your new or experienced, let alone try to make money in a mostly scam game of nonreporting, unverifiable, unlegislated area of penny stocks. OTCBB stocks are a little better because of reporting requirements, but from my experience they are largely held unaccountable as well.

I'm hoping that newcomers can learn how to trade without the horrible experience of a .01 cent move wiping out 90% of their initial investment. There are much safer plays to cut your teeth on. And at the end of the day, a lot of the less riskier but lower priced big board stuff will still be worth something and you most likely wont lose 90% of your money in one toc of the ticker. There is also a much better chance of the stock your in still having value. If a penny stock drops, most times it is dead money. Call for your certificates from your broker and paper your wall, because that is all the penny stock will be good for.