- NEW!
by R_Berue on May 5th, 2008
Penny stocks are very, very, very risky and volatile. AND I LIKE Pokesfan's answer!
Most folks think its a great way to earn fast, easy money. Believe me: Its not.
The ONLY thing penny stocks are good for is to get folks to part with their hard-earned money.
A few sayings about Wall Street:
There aren't any gifts on Wall Street!
Trees don't grow to Heaven. Neither do stocks!
BUlls [BUyers] earn money!
BEars [SEllers] earn money!
Pigs get fat!
Hogs [Greedy traders] get slaughtered!
Plan the trade AND trade the plan!
When a trader breaks his/her trading rules, he/she runs the risk of breaking his her trading account!
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
Source(s): My wonderful family!
My wonderful trading coaches and mentors!
ABSOLUTELY THE BEST trading group in the entire world - of which I am proud to be a member of!
"THE University of Hard Knocks"
How do I check stocks online?
by Answerbag Staff on May 12th, 2010
| 1 person likes this
Where can I search for penny stocks by price, and for less than a penny each?
by Running, Fall Up on June 3rd, 2011
| 1 person likes this
Are bluechip stocks safe?
by Answerbag Staff on January 21st, 2010
| 1 person likes this
If you could buy one penny stock that you think will soar in 2012 what would it be?
by Marvin_R3048 on November 15th, 2011
| 1 person likes this
What are penny shares?
by Answerbag Staff on January 7th, 2010
| 1 person likes this
You're reading What are penny stocks? How do they work? Are they worth it?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments