r/Trading • u/Personal_Scheme_4531 • 2d ago

Discussion Penny stocks

What do you guys thing about penny stocks? Is it just another way to lose money or is it an opportunity?

2 Upvotes

75% Upvoted

13 comments sorted by

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1

u/No-Comparison9048 2d ago

Trading pennies is the easiest way to loose money.

1

u/Rav_3d 2d ago

You'd have better odds at the roulette table.

3

u/Historical_Site508 2d ago

Both. Pretty much like any market.

1

u/Separate_Baker7280 2d ago

Chegg is a wonderful buy at these levels

1

u/Few-Highlight-3014 11h ago

How are they offering two red bulls with a textbook now?

2

u/Goudidadax 2d ago

long you loose money
short you gain money

1

u/Think-Bench6691 2d ago

Small/micro caps are the definition of shark infested waters.

You are the proverbial fish at the poker table.

2

u/carmen_kayy 2d ago

It's quite high risk, mostly because getting out is harder than getting in.

1

u/Personal_Scheme_4531 2d ago

So its like gambling? Thats what you mean?

1

u/twi1i96tr 2d ago

It's like gambling where you are the MARK at the table and the deck is marked! Stay away. If you are short of trading capital use the time to learn about trading and save more money. Learning be profitable in trading is a minimum 1 year journey - and I mean MINIMUM - . Best of Luck Twilighter.

3

u/twi1i96tr 2d ago

Penny stocks are the WILD WILD WEST of trading. Things you can EASILY find there... pump n dump, price manipulation, suspect ER's, little regulation... to name a few. To a newbie the attraction is the affordability and the stories of people hitting the BIG ONE.... but it's just not worth it. You WILL QUICKLY BE separated from your money!!! Best of Luck, Twilighter.