Friday, December 9, 2011

Hot Penny Stocks

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So you want to make money trading penny stocks huh? I know you do...and I think it's pretty cool you have some adventure running through your blood.

The truth is....

The odds are against you. If you are like most people who get into penny stocks, you will be cleaned out of whatever amount of money you start with within 6 months.

BUT...

That doesn't mean you have to fail at penny stock trading. You stand a good chance at succeeding at being a trader of stocks under $5 if you learn to NOT think like....

A sheep. baaaahhh.

Sheep don't cut their losses early. Sheep do not sell when they are up 100% or more. Smart, savvy and ultimately successfull traders do, however.

The problem is....the learning curve from being a "newbie" penny stock trader to an experienced, successful one can be quite steep. It usually amounts to losing all your money that you originally started trading with, and severe disappointment and frustration.

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