Here’s how I spot the biggest percent gainers, and find these penny stocks to trade: https://www.youtube.com/watch?v=ajJN28fg1K8&t=51s
In this video I talk about how trading penny stocks are actually not risky. If you have a plan, and stick to a clear, disciplined risk/reward setup, they are far from risky. If you want to make money in the stock market trading penny stocks, you must have rules, aka a plan.
By determining your risk before you even enter the trade, you are lessening emotions, and you know where to get out if the stock acts against you. By determining your reward, you are telling yourself when to take profits.
Getting in stocks that are actually run, and have solid price action is also a must. If the stock is not moving, or if it’s moving off of no apparent catalyst, I will not trade it. You always want to know if the stock can run, and why the stock is running. Making money in penny stocks is a matter of taking two steps forward, and one step back (trading in general). You can’t win 100% of the time, but if you stick to a clear plan, (risk/reward) penny stocks are not risky.
What’s risky about penny stocks is poor emotional control, and no clear structure to your trading. The way to make money in stocks is to know what you’re getting into.
Trading penny stocks is my favorite way to make money online. Yes, you need an internet connection. The reason that it’s my favorite is that you can make thousands of dollars in a day, or in a single minute (or less). Using technical analysis is by far the easiest way to trade penny stocks, simply because human emotions are displayed on the chart, and technical analysis is used by looking at a bunch of confirmation biases.
Here’s Why Penny Stocks Are NOT Risky (SURPRISING)