Investment Scams Are Everywhere. Your Best Defense: Information...Discover The Secret To Consistent Stock Market Profits
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...Investment scams steal your money. Just ask the victims of Bernie Madoff.
The penny stock market is sadly the victim of quite a few investment scams. They are typically disguised as opportunities that feed on your hunger for quick profits, and the hope that you can turn a few hundred bucks into a fortune. While the big, ten-bagger, payoffs are possible in the penny stock market, I have made more consistent profits by searching for solid companies with good financials and current filings, available for your review at places like Pinksheets.com and OTCBB.com. Are trade strategies and stock research important? Read about my $4,242.93 mistake before you answer that. Once I find a reputable company with a sound business model I then monitor this stock for an entry point, based on technical analysis, forum chatter from sources I trust, and recent company press releases. I like to enter a trade with an exit strategy. If the stock moves up to a pre-determined profit point, I sell and move on. I may subsequently re-enter the trade if the stock’s price dips back down to a satisfactory buy point.
Use caution when playing momentum stocks. You don’t want to “chase” a stock and end up buying at the high of the day. If a stock moves against me, I dump it fast. I learned a long time ago that holding on to losing trades generally ends up costing me more money. To protect yourself against loss, or the various investment scams out there, spend some time at the websites I have listed below.
Spotting Investment Scams
Link to state security commissioners
Free advice on investing online. Visit, Investing Online Resource Center
8 things every online investor should know…
Here is an excellent article about the top 10 scams. Published by Bankrate.
Disclaimer: Please note that this website does not claim to be a stock broker, investment advisor, or legal counsel. The purpose of this website is to introduce you to the concept of investing in penny stocks for profit. I make no specific recommendations for individual securities and highly recommend you review any investments with licensed investment professionals prior to making a trade. Penny-stock-advisor further encourages you to research all companies prior to investing. Any companies listed on this site are mentioned for illustrative purposes only. Yes, the penny stock market offers potentially huge profits to investors, but it also carries risk of loss. Do not invest any more than you are prepared to lose.
Where Investment Scams Like To Lurk
The Internet has given investment scam artists a means to spread their lies and deceit to a large audience at a minimal cost. Be on the look out for:
Information you receive online should be vetted for legitimacy. Make sure you know where it is coming from. Research all stock recommendations thoroughly. And, hold all unsolicited emails in suspicion until proven otherwise.
Is It Possible To Consistently Double My Money In Penny Stocks?
While it is possible, this trading strategy is admittedly a low probability play for the penny stock trader. But, the fact that Doublingstocks is possible, presents and intriguing and potentially highly profitable investment idea. You can increase your oddds of success with Doublingstocks.
Check Out My Other Rules of Penny Stock Trading
My first rule for successful penny stock trading is not to lose money. This sounds easy enough, but is much more difficult in practice. Click here to read how I apply my “Don’t Lose Money” rule. We’re all greedy to a certain extent, otherwise we wouldn’t be running around trying to figure out how to make in the stock market. The trick to making money, rather than losing it, comes down to setting limits—even on your profit goals. Don’t get greedy. Click here to read my take on how to avoid getting slaughtered like a pig.Click here to read my take on how to avoid getting slaughtered like a pig. Penny stocks are volatile and speculative in nature. When you combine that with faulty research, you are cooking up a recipe for disaster. Always Research Your Trades, prior to hitting the execute buy button. Click here to get an overview of why I think research is important. Investment scams can be avoided with information. Learn more about stock at my homepage.
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