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.
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.