For me my penny stocks trading means that I am happy yet it is NOT how I make a living, but I’m thankful that I’m enjoying it as a great hobby. It also isn’t about the profits I’m seeing either, but it is about having fun investing in the world with money that won’t destroy me if I lose on a particular penny stock list.
I did spend 25 years as a financial adviser, but it was a career I loathed, and the pressure was just not for me.
Today I truly feel humility as a published author and keynote speaker joining others for positive results in life.
Now, at age 60, I enjoy considering all penny stocks as something to toy around with to clear my mind, as an outlet and some fun, away from my writing career.
Let me show you how I go about penny trading, and lend some helpful suggestions to you about how I am enjoying my mini-priced stock list.
As I move along here let me say a lot of people hear that I trade penny stocks and they immediately get dismissive, and may say, “Jim – those are too risky”.
And you know what?
I might actually agree with them if I hadn’t had the chance to look deep inside the low-cost-stock marketplace and learn what I know now.
Prior to investing your hard-earned cash into penny trading, it is crucial to research the picks you want to invest in before dedicating a cent.
Leads are just names on a list that you are thinking of investing in.
Learning about the Penny Stock Market
There are lots of ways to get mini-cost stock picks.
Browsing the internet (blogs and online forums), joining a mailing list or keeping an eye out on the news.
The main idea to buy these ultra-low priced equities is to develop a list of around 4 to 12 quality picks that are worthy of your time and effort, and of course, of your income, too.
After you have a list of all you’ve narrowed down to your choices, you’ll want to choose a couple of them.
You’ll have to go through your list and dispose of stocks which do not satisfy your requirements, and this procedure can be laborious, but it will be well worth it in the end.
The requirements that I search for include – business history, business strategy, viewpoints of specialists and people, monetary details, competitors, track record of the board of directors, company reports and broker suggestions.
Utilizing the variables
I can rapidly develop whether a particular number of penny stock picks deserves purchasing.
As soon as my list for trading has been cut down to just a few stocks, I’ll request opinions from other individuals to validate my selections.
It is extremely important to listen to the views of other investors because, in many cases, they’ll have something important to add to your research.
Possibly, you lost out on an essential piece of information which other financiers might highlight for you.
Now that I have 1 to 3, ‘to buy low-priced pennies,’ from my initial list of 12, I feel confident that I have actually done my due diligence and I am prepared to invest.
I utilize this process each time I’m to buy and, so far, it has been basic however quite successful.
Set up a Side Fund just to Buy Penny Stocks
Remember, before investing even a small percentage of your hard-earned income into penny stocks trading, it is crucial to look into all you think might be sensible before you choose to go ahead and invest.
Again, a lead is just name on a list, and is not considered, yet, as a valued name on your mini-cost choices.
I suggest a penny stock newsletter, which is how I get my information, and I love it!
A good newsletter is almost always right-on-target with suggestions, so then I make solid decisions for picks in my free time.
A trusted newsletter saves me so much time, because I will add my normal career now as an author/keynote speaker keeps a pretty tight schedule.
The pressure is off me for the necessary “Dig Deep” type of research.
Browsing the web (online forums and blogs), is a good idea, or signing up with a chat line or master-mind group and keeping a keen ear and eye on the news.
If you decide to venture into penny stock trading, keep it fun and simple, and, yes, still be serious, because that’s the fun of it.
I do mean, be sure you are investing money that isn’t going to hurt too severely if a loss on a particular penny occurs.
Let’s face it, the market is the market, but going in with right attitude will make a world of a difference.
All I can say, that it’s loads of fun for me!
(I always suggest finding related articles about how penny stocks can be fun and getting the entire scope of things.)
To finding happiness and success with fun!
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