Hey Everyone,
Welcome to another issue of Penny Stock Central.
In my buy calls I mention stocks I’m bullish on and imaginary ideal price-points to buy the equity. Of course penny stocks are by their very nature extremely volatile and high-risk, so only do this with money you are willing to completely lose.
Always do your own due diligence on the startup, the numbers, the 5-year chart and so forth. The failure rate is higher when investing in penny stocks, so I recommend you don’t put much money on any one play, but the reward can also be far greater if you hold or swing-trade the stock intelligently.
This is a different kind of investing altogether, one in which I believe in since that period in 2020 from the March lows was the single biggest and best time where this strategy worked out - that’s not to say it’s easily repeatable.
Obviously your portfolio should be balanced and diversified, but having a small section where you DIY has its merits.
Historical Note:
For those who have made real money off of my picks, you know who you are. It’s a small list but I try to serve you well. I mostly just try to give you hints, tips and directions. As for the penny stocks, study them closely, a good long-term bet can yield thousands of percent growth in a two to four year time frame on rare occasions.
Let’s just into it, in this edition I will cover less stocks overal, but in a new format, in slightly more granular detail. Given the market I’m also looking for more small cap defensives.
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