Feb
11
I want to get into OTC stock trading, aka penny stocks, any information concerning is of value to me! thanks?
Filed Under Finance :: Stocks, Bond & Forex
asked:
I want to get into OTC trading, aka penny stocks. Is there any information on it you can give me concerning this subject. Think of me as new to the subject. Thank you!
I want to get into OTC trading, aka penny stocks. Is there any information on it you can give me concerning this subject. Think of me as new to the subject. Thank you!
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2 Responses to “I want to get into OTC stock trading, aka penny stocks, any information concerning is of value to me! thanks?”
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Congratulations for your nerves of steel. It’s a bit surprising that a “newbie” would start learning the market at the hardest level… but that’s your choice.
OTC stocks are often considered scams… which for the most part they are not. However the pricing can make it appear that way. Certainly “pump and dump” schemes can effect this. If you take time to learn trading stocks under $5 you can be one of the very few that makes money with them. Don’t get discouraged. It can take years to be year over year profitable in them.
Concentrate of Risk Management (even more than you would with stocks priced over $5). If you master risk management….. you may make money.