buying penny stocks

Discussion in 'Ask any question!' started by anarcyninja, Sep 23, 2018.

  1. anarcyninja

    anarcyninja New Member

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    So I want to buy penny stocks. Are they good for buying low and selling high?

    I know people dont trade that way. Im a complete noob i just want to make some money.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Extremely long answer, very short: Penny stocks are a HUGE gamble. Most of them you will lose as much money as you put in. A few you might make a lot. They are like betting a number or two on the Roulette wheel and hoping that the 1 in 38 chance lands on your number. If you're looking to GET RICH QUICK, good luck to you, maybe .001% of people actually do this. If you're looking to make money, you're in the right place and you're going to have to commit to trying to learn and setting reasonable goals.
     
    Stockaholic likes this.

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