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Penny Stock Guide

Trading Penny Stocks can be profitable when done right. Our goal is to help you understand how it works so you can profit from it. SIGN UP TO GET MY NEXT 2 STOCK PICKS FOR FREE.

1. You will need a brokerage account, one that allows you to trade penny stocks. We recommend an online one such as Ameritrade, Etrade, Scottrade, Zecco or Interactive Brokers. Once you open the account you will fund it like a bank account.

2. Very few penny stocks have great fundamentals, so it is best to trade on momentum and news. As much as you believe in a certain penny stock, have stop losses in place to protect your account.

You can always buy back into the stock at later time, or add to a position as it is going up. We don’t recommend you average down. Adding to a mistake only makes it a bigger mistake.

3. Do your research, often times people lose money because they didn’t do their homework. They then take out their frustration by blaming others for their losses. People lose money because they don’t educate themselves or spend enough time doing the required work.

4. Great places to research penny stocks are: Pinksheets.com , Bigcharts.com , Yahoo Finance , Investorshub.com

5. To stay competitive you will need real time data and level 2 quotes. This will allow you to get instant access to market prices so you and buy penny stocks at the correct prices.

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