I disagree. I've lost more in penny stock then I ever have on small cap or big board. The secret is not to expect 100% gain everytime you trade. I just mentioned PPHM in Dan's chat. I got an email on it on 8/27/12 from deadjim when it was around $1.99. Today it hit around $3.45. Yes it took 2 weeks but it was over 70% gain. I think there are some here that need a win, even if it comes at a slower pace, to get their confidence and portfolios back to where they need to be. That is the shift that I am making for myself. I am tired of chasing promos and watching the wreckage. Take $2500 and look for more modest 15% gains and you'll be over 100K in under 30 trades. It may take you 6 month to get there but in my opinion it is better than losing that in a matter of minutes.