Thread: Pennystocks...
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Old 12-30-2009, 10:58 AM  
OMG Jim
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Stefan....

Please don't waste your time

As someone previously said the chances of finding a penny stock that will make you a lot of money are about the same as winning the lottery.

My son and I have been in the U.S. stock market since May 2009. We jumped in with virtually no real trading experience and have focused mainly on smallcaps, PK's and OTC stocks.

Remember this is trading we are talking about.... not investing. BIG difference. I have my long term money INVESTED.. my stock money is my speculative money.. almost like my gambling money when I go to Vegas.

With that said here is the best advice I can give you from experience...

Stay totally away from the PK's as these are mainly pump and dump stocks and the fees suck.

Stick with the OTC and Small Caps and ALWAYS put a 5% to 8% stop on EVERYTHING

Also I would recommend keeping a close eye on China and Brazil for some real opportunities.
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