Penny Stocks: Some simple rules for new traders

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Penny Stocks Some simple rules for new traders!
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Investing in penny stocks is a great way to
generate good amount of money in a short span,
but only if you are equipped with the proper
repertoire of skills required to effectively
navigate the immense sea of information and
deceit the small-cap marketplace.
If all that it took to achieve 100 gains each
day in the stock market you will be checking
your email in-box, Twitter feed, or favorite
financial message board or execute a quick Google
search.
The world would be free of poverty and there
would be no need for this article. Unfortunately,
that is not the case.
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This piece is certainly not a comprehensive guide
to penny stock investing and reading it will not
automatically guarantee that you become the next
millionaire investor. However, it should make it
less likely that you are "duped" by unscrupulous
promoters and are more likely that you make more
informed decisions before wagering one penny of
your hard-earned money.
Take your time/consult a pro While you may be
able to get away with checking your 401K every
month or perhaps each quarter, penny stock
investing is a far more precise art that requires
more frequent scrutiny and greater safeguards on
your behalf. So, if you don't have the time to
conduct proper due diligence and closely monitor
your investments or the money to hire a
professional that does, this is not a place for
you to play.
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Risk volatility Penny stocks are some of
the riskiest and volatile investment products
available in the U.S. Price swings are fast and
furious at this end of the financial marketplace
and what is actively traded today could go
dormant tomorrow.
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Be cautious with long positions Because
change occurs so rapidly in the wonderful land of
penny stocks, it is generally recommended to
refrain from holding onto shares for long period,
except for in a few cases when you have been
involved with the company prior to it become a
public entity or have a close relationship with
the management team and a deep understanding of
the company's business plan and core markets.
Practice, Practice, Practice! If you are new to
trading, we strongly suggest writing down your
trades for a period before actually logging them
with a real-life broker. This will give you a
chance to develop an effective strategy and learn
what works and what doesn't without risking any
money.
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