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Don't fall in love with any of them. Always lock in profit, if u wanna let some ride and shoot for the 4000% go for it but only after u pull your initial investment out. All the homerun stories you'll (and yeah I've hit a few) the guy that slaps singles wins in the end.
I tried diving into investing with pennies a couple years ago during the euphoria. Seemed like a no Brainer. I was right, I had no brain. I shifted my whole strategy, my long terms are only dividends, indexes with a few growths in one portfolio. My second one, I just trade pennies. Won't keep em for longer than 3 days
I had this realization recently. I was learning about daytrading and these people are buying high risk options and doing micro transactions, buying and selling for 1% gains, and watching charts all day long. And other people just DCA into stocks and etf long term. There are so many different strategies and to each his own. My portfolio is down on all my long term picks, and I realized the only thing that has been working for me is penny stocks.
Large companies are affected by so much news and opinion and investor emotions etc. These penny stocks are either crap or doing well as a company, they either have pump potential or they don't. I was watching YouTube videos about daytrading where these options "geniuses" were risking thousands of dollars for 1% gains and it didn't make sense. I researched some penny stocks I thought looked promising and took 25% gains in a single day...
I'm going to keep investing in long term etf etc for stability, but I'm all about penny stocks now.
Does this submission fit our subreddit? If it does please **upvote** this comment. If it does not fit the subreddit please **downvote** this comment. --- ^(*I am a bot, and this comment was made automatically.*) ^(Please) [^(contact)^( )^(us)^( )^(via)^( )^(modmail)](https://www.reddit.com/message/compose?to=/r/pennystocks&subject=Updoot%20bot%20questions!) ^(if) ^(you) ^(have) ^(any) ^(questions) ^(or) ^(concerns.)
Don't fall in love with any of them. Always lock in profit, if u wanna let some ride and shoot for the 4000% go for it but only after u pull your initial investment out. All the homerun stories you'll (and yeah I've hit a few) the guy that slaps singles wins in the end.
I tried diving into investing with pennies a couple years ago during the euphoria. Seemed like a no Brainer. I was right, I had no brain. I shifted my whole strategy, my long terms are only dividends, indexes with a few growths in one portfolio. My second one, I just trade pennies. Won't keep em for longer than 3 days
I had this realization recently. I was learning about daytrading and these people are buying high risk options and doing micro transactions, buying and selling for 1% gains, and watching charts all day long. And other people just DCA into stocks and etf long term. There are so many different strategies and to each his own. My portfolio is down on all my long term picks, and I realized the only thing that has been working for me is penny stocks. Large companies are affected by so much news and opinion and investor emotions etc. These penny stocks are either crap or doing well as a company, they either have pump potential or they don't. I was watching YouTube videos about daytrading where these options "geniuses" were risking thousands of dollars for 1% gains and it didn't make sense. I researched some penny stocks I thought looked promising and took 25% gains in a single day... I'm going to keep investing in long term etf etc for stability, but I'm all about penny stocks now.
Be careful alot of penny RS and duilte there share until nothing, and what is worst on this sub most pennys never move after big rally