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I have always wondered how penny stocks work.
I have always wondered how penny stocks work.Everyone is always looking for that quick buck, the way to get rich quick. Penny stocks may or may not be the way to go. You can obviously make some great cash if you work it right. I myself haven't ever tried it because I was afraid of losing my rear. However, I do feel knowing what you're up against can help you lessen your fears and make the plunge. Unless you have family that can explain it to you, you are pretty much on your own to figure it out. However there are plenty of videos, and books that can help you as well, just like this one.
It is not always a bad thing to be a little fish in a big pond and that is definitely what you will be if you start trading penny stocks. When I first looked at trading them I was overwhelmed and just walked away from the computer and said nope, Nuh uh. However, now reading this book I think I might make a go at it again with maybe just one or two stocks. It showed me I didn't need to be a rocket scientist to trade penny stocks. It broke everything down for me and helped me to understand which type of stocks would be best to search for.
Not only that it gave me step by step instructions to how to buy and sell it as well. It was the first time I understood how stocks worked. I knew what a "stock" was but buying and selling was what had eluded me. Now I am ready to sit down and try my hand at it again. Who knows maybe I will be a millionaire or even a "thousandaire" next year at this time. For those of my friends and family that have been commenting on how they would like to trade stocks, I will suggest this book to them.
Waste of money. Nothing to learn here.
Quick read, very thorough
Know Penny Stock Trading: How to Start Trading Penny Stocks and Make Money
I am still undecided a bout whether I’ll act on it, but this book gave me the confidence, at least in the process, to feel comfortable trading. It’s specific in mentoring and from the opening pitch I could hear Leo DiCaprio as the narrator. The Know-Series authors used a scattering of colorful Jordan Belfort quotes throughout the guide. I was initially caught off-guard by the language, so be warned. It was a little distracting at first, but not offensive. I certainly didn’t expect to see “wet dream” and “NASDAQ” in the same sentence.
If I were to get into penny trading, it would be as a supplemental thing — a side activity. That’s what it would have to be. “Know Penny Stock Trading” infers that to succeed, you should go all-in with your time. The companies being traded at this level are tiny, significant change can alter their destiny quickly and you need to know when it happens. Immediately. The book’s initial pitch is to somebody looking to make a primary income trading penny stocks. Warren Buffett is used as a success story, making $30,000 every 1.2 minutes last year. I’m not so sure Berkshire Hathaway is an afterthought to penny stocks for Warren Buffett.
The Know-Series writers do a phenomenal job of laying out the process. In less than a half-hour during my lunch break, I learned how penny trading happens. It makes sense. I think I could follow this simple guide and succeed. The exciting thing about penny stocks for me would be watching a start-up/struggling company turnaround and find success.
But in the end, the last paragraph of the title page might sum it up best. “Penny stock trading is very risky, and should be proceeded so at your own risk.”
It’s a risky investment, but one with a ton of potential. I haven’t decided if I’m going to make the jump, but this book gave me a realistic expectation.