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Yes! What Is A Penny Stock, is an introduction to penny stocks designed to show you the potential of how OTC penny stocks can make you money. The trick is to find the right stocks to trade—the kind that double in value in intraday trading, or explode 1600% plus within a few weeks of trading. According to Dominic Giangregorio, author of The Penny Stock Millionaire, “If you pick the right stocks that can double from one day to the next, you could be a millionaire in a very short period.” Which makes finding stocks capable of doubling highly valuable.
Helping you find and trade these explosive stocks is the purpose of What Is A Penny Stock. I have noticed numerous postings in chat rooms, Yahoo Answers, and various penny stock forums by frustrated investors asking other traders, “What is a penny stock? And is it possible to make money trading them?” To address this need for truthful information, I have dedicated several pages of this website to answering that question. The first thing you should recognize is that the investment community cannot agree on exactly what is a penny stock. Technically speaking, a penny stock is any stock that trades for less than $5. I choose to restrict that definition to all the stocks that trade on the Pinksheets and Over-the-Counter (OTC) exchanges. These aren’t physical exchanges like the Chicago Board of Trade or the New York Stock Exchange. The penny exchange is more like the NASDAQ exchange in that they are a collection of market makers across the country and Canada that have agreed to make a market for OTC penny stocks. Stocks trading on the penny exchanges are listed with Pinksheets.com and the OTC Bulletin Board. Here are two important websites for you to become familiar with prior to trading in the penny stock market: Click here to visit the Pinksheets home page. Click here to visit the OTC Bulletin Board home page How To Trade Penny Stocks Penny stocks trade just like any other blue chip or big board stock. Using your online broker, you simply enter your buy and sell orders using an assigned ticker symbol, just like any other stock. One of the first things you will notice about trading penny stocks is an apparent lack of detailed information available at your online broker’s site. Penny stocks are not widely accepted by institutional traders and major media. This is just a fact of life—which I love. In fact it’s almost funny when a broker or financial advisor asks, what is a penny stock? They know a little bit about it—but just enough to be dangerous, so you really don’t want their advice on this subject anyways. The information about our hidden trade opportunities is not widely known, nor is it spoon fed to the financial news crowd. You have to dig for it. The best place to start your search is on this website and the two I listed above. There are plenty of other sources of penny stock information spread throughout this website. Please, think of this site as an aggregator of information. I’m trying to put the important stuff you need to know under one roof, allowing you to fan out across the Internet in an efficient manner, while avoiding all the garbage and pump and dump schemes. Prior to executing your first trade, you may want to read my pages on how to conduct penny stock research, and how to assess the risks of trading in penny stocks. You can access these subjects by exploring the various tabs on the Navigation Bar on the left of this screen.
Now if you’re like me, you’re not impressed with the past. You want to know what the future holds. I provide this list of previous winners just to whet your appetite for penny stocks and to answer the question, What is a penny stock, by showing you verifiable proof of their profitability. For a current list of the top ten penny stocks, and a brief analysis of current hot stocks, please visit my Penny Blog page. Just click on Penny Blog in the navigation bar to go there.
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