Tags
Business, Equities, Finance, Investing, money, NASDAQ, New York Stock Exchange, NYSE, Penny, Penny Stock, Penny Stocks, Stock, Stocks, Stocks and Bonds, Tesla, Tesla Motors, Trade, Trader, Traders, Trades, Trading, Volume
So lately we have been seeing trends in the Penny Stock World. Penny Stocks only have a 6.28% chance of making a profit, you only have a 12.56% chance of making money. Investors trading on the NYSE have a 54.58% chance of making a profit, and close to a 74% chance of breaking even. But the profits are far less than what they could be in Penny Stocks!
Before I start the stock list, I’d like to say that I started off investing in tons of shares of Penny Stocks, sometimes owning up to 10% of the company itself. And if you’re wondering how penny stocks can make you rich with all these pitfalls, don’t worry, there is an answer, and it’s simple.
Often times, Penny Stocks are not even worth a penny, they are worth less than a penny. However, the cheaper the stock, the more you can buy. For example, I saw a stock called DSNY way back in April at around $00.40 cents and bought it (100,000 shares of it, and unfortunately I sold it at .98 cents. Now it’s at $2.00). I spent $40,000.00 to make $58,000 profit. That’s 145% gain. Even though Penny Stocks only have a 6.28% chance of making a profit, penny stock traders have one advantage that we normal investors (normal as in non-hedgefund, non-Carl icahn) don’t: They have Volume!
If you have every heard the saying, “ Quantity over Quality,” this is one of the few times that saying would be true. As long as the penny stock even goes up a thousandth of a cent, money is still going to be coming through. Volume is everything with penny stocks, and although the jump I described with DSNY happens everyday, the challenge is finding the right stock and sticking with it.
Well that’s all for today. Expect either a article today or tomorrow of Part II!
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Thank you very much. You could always go to the Contact Us button (by us I mean me because I am the only one doing anything on this blog), and you could email me. I check my email a lot more than I check comments on this blog (especially since I have been gone for the last 7 days because of Thanksgiving.)
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Thank you, I appreciate it!
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Hello! I am using WordPress (hence the .wordpress.com). It is generally fast and I am a completely free user. I do have plans to upgrade, but WordPress’s prices are a bit exorbitant. However they offer more than a multitude of items useful for making an ideal website. WordPress prices start at $7.99 for basic web hosting and go up to $299.99. If you are looking to make a blog like this and reach more people, then upgrading or wordpress would be the right thing to do. However, if you are looking for basic web hosting, I would reccomend Godaddy.com
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Thanks, but what does this have to do with the article, or blog in general. I would get it if this was spam, but it’s not even spam. Any reason for posting here?
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Hello Princeton Amallos, thank you very much for your comment. The blog is free, and it is the Chataeu format from WordPress. I modified it a little bit (title color schemes and such), but ultimately WordPress designed this and I got it for free. If this blog takes off, I may end up paying for web hosting and get my own domain and a new layout.
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the machine in which it could well be installed.
If the machine will be running Windows XP, for instance, a memory ceiling is
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Be sure that one’s mother board can handle the actual upgrade volume, as well.
Good blog post.
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