Penny Stocks can be extremely volatile to say the least, some shoot up quick but at the same time they can tank just as quick if not quicker. I myself have learned hard lessons with these and still pick up tidbits of helpful info along the way so i kinda have a more disciplined strategy now that seems to be working for me at least i'm a little more successful with it because i try to limit my risks as much as i can. For starters, i personally never hold a stock long and i usually mean no longer than 3 days, sometimes i even daytrade, i don't care what the company is claiming because 90% of these pennies are crap stocks anyway, i play news, rumours, pump and dumps, dead cat bounces, just anything i can get a gain off of and i get in and get out quick. For example a stock that is being pumped today i bought in yesterday when it moved 20% i sold, doesn't sound like a whole lot but if you do the math if you find one stock a week that moves just 20% and just keep flipping it that can add up to a sizeable amount in a years time. Start with whatever amount you want to $100, $200, $500, $1000 just whatever you can and just take whatever gains depending on what the chart looks like and try to find one stock a week that moves just 20% or possibly more of course if you can reach a point after about 5 trades then take out your initial investment so it's like you're playing with free money in a way and see what you can snowball it into, treat it like a game or contest. Me and several others are doing this and it's interesting we started with $200 bucks and a lady in our group is up to $37,000 in 5 months seriously, they can read charts a lot better than i can but we all support each other and it's actually fun, well most of the time, hahaha. We kick around ideas but if you happen to get in on a multi-bagger like she did it pumps you up. It's basically like playing Roulette with these penny stocks but well all agreed to keep flipping and see who could have the most at the end of the year. Example, if you start with $500 find one a week that moves just 20% you do the math it's more than what the average person makes in a year in just 6 months, just food for thought but if you or anyone else is interested in sharing any ideas or stocks, heck give me a hollar is this strategy perfect, of course not, but i feel it limits my risk and i'm not a bagholder in any stock and that strategy is more profitable than waiting and hoping for weeks or months for that multi-bagger, plus that ties up money and time, keep the faith though, we have all been sunk and tried to claw our way back out of a stock at one time or another.
