| u want be a successful penny stock trader, | | | | The Guide for Penny Stock Investing by Donny |
| you’ll need to be an intelligent trader. There | | | | Lowy |
| are very few requirements to start trading in penny | | | | These are all good and although they will not help |
| stocks. It can be broken down into three main things. | | | | you with specific decisions such as whether to buy a |
| 1. Money: | | | | particular penny stock, or when to sell, they give you |
| The money we are talking about is not just the | | | | a good background on how it all works and are |
| money that is sitting in your bank account. It is not | | | | invaluable in building a good knowledge base. |
| the money that you use to pay for your rent, your | | | | 3. Make A Plan: |
| car or your food. Penny stocks can be extremely | | | | Before you investing any money, make an |
| unpredictable and although you might make a great | | | | investment plan and stick to it at all times. This will |
| deal of money it is also true that may lose | | | | help you become disciplined and will also help you |
| everything, so it is important especially when you are | | | | organise your time and investments. Keeping things |
| starting out with penny stocks that you only use | | | | simple will result in less stress. Your plan should |
| money that you can afford to lose. After you have | | | | consist of the investments you are going to make |
| built up a nice profit, you can re-invest your profits | | | | and why and how much you are investing in them. It |
| from past trades which will snowball your earnings. | | | | should also include your exit point (the price which |
| 2. Knowledge: | | | | you will sell your investment at to take profit) and |
| This is without a doubt the single most important | | | | also the time you want to allocate for your |
| factor in determining whether your budding career as | | | | investments each day (i.e. The time it takes to |
| a penny stocks investor will be a spectacular triumph | | | | monitor and research them). |
| or a dismal failure. If you are a newcomer to | | | | Now you have got all the major elements in place |
| investing of any kind there are various guides you | | | | you are set for the roller coaster ride that is the |
| can buy and it is a good idea to read several of | | | | world of investing in penny stocks But remember |
| these before spending any money. | | | | that knowledge is the most powerful tool you have |
| Penny Stocks: The Next American Gold Rush by Dan | | | | to make your penny stocks successful so start |
| Holtzclaw | | | | learning today. |
| Stock Investing for Dummies by Paul Mladjenovic | | | | |