Because penny stocks are not traded on the main markets, it's important to find a trusted broker or side exchange market to facilitate the purchase of stocks. In order to be truly effective as an investor, you must understand the 'bid and ask' price connection. The difference between the bid (real) and ask (selling) price is called a spread and is the base in which you will calculate your earnings. This is particularly important as penny stocks are sold by estimated values versus a single unit price. It is wise to install a stop-loss tactic and protect your capital with prudent exit strategies. This is both high risk and high reward. So, it's very important to know what you're doing, and listen to the experts.
When researching what penny stocks to invest in, it's important to do your research. Make sure you know what the company's product is, and how it's used in the marketplace. Identify what type you want to invest in, micro cap, small cap or large cap companies. These terms relate to the amount of capital each of the companies have, and is a great way to gauge new opportunities or growth patterns. When you decide to invest in the right small or large cap company, make sure you limit your order. A limit trade limits the amount you'll pay for the stock or your selling price. If you're dealing with a share that's a penny, then even the slightest movement in price before you buy can cost you all your profit or throw you into a loss. Since activity may be low on these stocks, certain individuals can play with the price of the shares and increase their selling price.
In any case, if you're planning on buying stocks in larger quantities, always make sure to go through a broker. They know the markets and are in charge of handling and selling, so it's best to work with them to maximize opportunity. Another thing we can do is to call the company that you are using and have them place the trade, I believe that when they enter it, it might go through faster.
OTC stocks frequently bank mind blowing returns for investors. Just look at Like Explorations Group (OTC: EXGI), a company that acquires and manages parking lots and garages in New York City. Its shareholders just banked 2,521%. Or Zagg (OTC: ZAGG), a company that makes protective coverings for iPods – in the past its small group of owners had made 827% gains.
One of the best ways to find penny stocks with this kind of gain potential is to look out for “growth catalysts”. That’s because without some big event or monolithic development coming down the road, there’s no reason for investors to care about these tiny companies.
You see, the majority of investors are only interested in making 5%–10% per year. That’s pretty much the maximum you can expect to gain if you are investing in blue chips. But we want the money multipliers — double-, triple-, even quadruple-digit gains that I told you about just a minute ago. For that to happen, we need some kind of spark to set our penny stocks apart from the rest. After all, there are currently over 6,000 to choose from.
As far as your order not going through it has to do with the volume. The thing is that a while ago when CDMAD was priced at 0.00009 it would have been very easy to buy at 0.0001 because people would have been selling their shares. So try this right now the stock is at 0.0002 and that's because people bought shares but as soon as the price goes down to 0.0001 you can place a bid right away. Now keep in mind that if the volume is low you might only be able to buy the partial of what you wanted. This has happened to multiple times and it very hard to predict what every other investor will do at that moment.
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