Get subscribed to our newsletter
Get interesting updates to your email inbox.
If you’ve spent any amount of time in stock trading or are even considering it, there is no doubt that you’ve come across the term ‘penny-stocks’. Is it all that they make it out to be? It is no secret that trading penny stocks, many investors have made their fortunes and have truly surpassed expectations, but is it for everyone? Can anyone turn a massive profit in penny stocks? In this article, we discuss the pros and cons, as well as how to make the most of your penny stocks.
What are Penny Stocks?
Penny stocks are low priced shares. A common stock share is usually priced at less than a dollar. Penny stocks are usually, highly speculative, and despite having some great attributes, may or may not be right for everyone. Even stocks priced at up near $5 can sometimes be referred to as penny stocks as they are not as expensive compared to blue-chip stock trading.
Since there is a potential for big rewards, many people get lured into buying penny stocks without proper knowledge and education. This is the reason why most people do not turn a profit and usually incur big losses. If you don’t have the stomach for high-risk investments, it may be a good idea to walk away from the entire concept. But, if the potential for big rewards outweighs the risks for you, armed with the right knowledge and skills, it can be highly rewarding.
The vast majority of investors dealing in penny stocks go for dark and unregulated markets and sadly, almost all of them result in losses. A general rule of thumb is to get involved with regulated exchanges and only deal with high-quality companies so you are investing in more legit up and coming businesses. See how R Capital sees its stocks and
Seek out an Honest Guide and Use Only Risk Money
It is a good idea, in any case, to seek the help of an expert and only use Risk money to trade penny stocks. The outcome of your results depends on choosing the right guide to follow, the right stocks to invest and the right exchanges to trade.
Anyone alluding you towards private jets, yachts and luxurious cars should be taken with a grain of salt. There is no guarantee and all they are selling is a lottery ticket and you are well aware of the risks involved and potential money wasted on lottery tickets.
The good news is, there are many serious companies with a lot of potentials who are getting listed on exchanges for pennies. Since these are fairly new, their pricing is less than a dollar making it a penny stock. Eventually, these companies get traction and build a reputation until they start trading for dollars. These are the companies you should be keeping an eye on and with the help of the right guide, potentially invest in.
How do you make a profit?
An oversimplification would be, to simply buy into stocks at cheaper prices based on market data and your supposition that these prices will rise, and then sell these shares when they reach the desired price point for a profit.
You can also ‘short-sell’ these stocks if you believe the prices will drop instead of rising. In any case, the basic idea, of course, is to turn a profit, no matter how small.
To break it down, if you are just starting out, these are the steps you must follow to maximize your odds of winning at penny stocks.
- Educate yourself on Penny stocks
- Develop a winning penny stock trading mindset
- Familiarize yourself with Penny stock terms and jargon
- Understanding Key Technical indicators
- Understanding Key Penny Stock Chart Patterns
- Developing a trading strategy
- Start Trading
Unlike blue-chip stocks that are traded via big exchanges, Penny stocks are traded over the counter (OTC). All you have to do is open a broker account with OTC electronic exchanges, deposit funds and you can start trading right away.
You can open an account with OTC for as little as $100, however, it is not recommended to start this small as you can lose the money quite easily.
Once you have an OTC account, you can simply start trading just like you would any other stock. The transactions over OTC are usually faster than bigger exchanges.
Because of this simplicity, it is easier and faster to get involved with penny stocks than trading on the New York Stock Exchange or other larger securities exchange.
Penny Stock Analysis
Penny Stock Analysis is by far the most important thing you should set out to master if you are considering a long term relationship with Penny Stocks.
Stock Analysis refers to the process of analyzing a particular stock based on its fundamental and technical analysis. The fundamental includes basic things like revenues, profits, and earnings per share, etc. The technical side includes reading charts and evaluating the historical performance of the company to make an informed decision.
If you are just getting started with Penny Stocks, this is where you should be spending most of your time at, to get a handle on chart reading and analyses and familiarizing with patterns and forecasts.
Penny stocks can be highly rewarding in the long term if you know what you are doing and everything begins with the right mindset, the right education. Having a reliable guide to follow with a proven track record gives the much-needed confidence and peace of mind for the marathon ahead.
Timothy Sykes Penny Stocks guide is a comprehensive, step by step guide which goes into the nitty-gritty of trading penny stocks and clarifies a lot of misconceptions in the field.
In the end, once you’ve had your baseline education, your next step is to open your brokerage account and devise a strategy that you will stick to. A strategic, long term approach is the only way to set yourself up for long term success.
Many stray animals are trying to survive as the temperature in the capital continues to drop. Many strays lose this battle trying to find food and warmth under a scrap of clothing or caged up in the corner of streets. The Perroayuda Welfare Foundation (PWF), a Delhi-based animal welfare organisation, recently held a Mega Stray Feeding Drive in Lajpat Nagar with the goal of feeding all of the area's stray animals. These wonderful Samaritans come from all around Delhi-NCR with one goal in mind: to rescue, feed, and adopt all animals in need.
Many stray animals are trying to survive as the temperature in the capital continues to drop. | Af.Mil
PWF has previously staged feeding drives in Netaji Subhash Place, Connaught Place, North Campus, Delhi University, and other locations throughout the city. A group of 70 volunteers fed over 100 stray dogs in the vicinity and provided water in earthen bowls. To raise awareness about the issue of stray animals, volunteers talked with businesses, local authorities, customers, and hawkers. The actions of this group of young animal advocates were recognised and supported.
"Donations come in from all around the world." To save strays and pay for their treatment, we rely completely on donations. "Every day, our organisation feeds roughly 1000 stray dogs," says Arpit Mathur, the organisation's founder. "Throughout the day, we receive SOS calls. We can only accomplish so much with our limited staff and resources. We hope that more young people, like us, would join us in this cause." In Rohini, the NGO also maintains a recovery centre. Currently, the recovery centre accommodates roughly 40 animals, including cats, dogs, monkeys, and a few unusual birds.
To rescue, feed, and adopt all animals in need is the goal of these people. | Photo by Camilo Fierro on Unsplash
PWF seeks to discover and feed all stray animals in need, as well as provide them with food, care, affection, and medical treatment, and organise Mega Stray Feeding Drives to raise awareness and adoption. "We discover stray animals, pet them, and feed them - no one deserves to be hungry," Mathur adds. (IANS/ MBI)
(Keywords: adopt, feed, rescue, goal, Delhi-NCR, Perroayuda Welfare Foundation, Winter, stray animals, Help, Initiative, volunteer)
Indonesian lawmakers passed a law on the relocation of the nation's capital to the island of Kalimantan, which shares borders with Malaysia and Brunei, from the most populated island of Java. The move is a step forward in one of the most ambitious projects initiated by the country's President Joko Widodo, Xinhua news agency reported. Some former presidents had floated ideas of relocating the capital city in the past. The president, widely known as Jokowi, three years ago vowed to relocate the capital city to the province of East Kalimantan due to a number of issues like high population density and land subsidence in Jakarta which is home to more than 10 million people.
Indonesian lawmakers passed a law on the relocation of the nation's capital. Aditya Joshi / Unsplash
Nusantara, which the new capital is called, will be built in two districts in East Kalimantan -- Penajam Paser Utara and Kutai Kartanegara. It is set to occupy about 256,000 hectares of land. The name of Nusantara, which can be translated as an archipelago in English, was chosen by President Jokowi, Minister for National Development Planning Suharso Monoarfa has said. Indonesia, the world's fourth most populous country, is home to some 270 million people, consisting of about 17,000 islands. "The national capital has a central function and serves as a symbol of a country to show the identity of the nation and state," Minister Monoarfa explained during a meeting with lawmakers at the House of Representatives on Tuesday.
Also Read : Hinduism in Indonesia
The ground-breaking of the construction project that is slated to cost $32 billion was initially expected to be conducted in August 2020, but the Covid pandemic has forced the government to put it on hold. Some of the projects on the construction of the new capital will be carried out by public-private partnerships, and the early stage of the relocation will begin this year and is expected to end in 2024. At this stage, the government will build a presidential palace, parliament buildings, and a housing complex in the primary zone. The move of civil servants at the early stage must be completed before August 16, 2024.
The construction project is slated to cost $32 billion.Sulthan Auliya / Unsplash
Nusantara will serve as the centre of government, while Jakarta would remain the business and economic centre of Indonesia, Southeast Asia's biggest economy. A day before the lawmakers passed the bill, President Jokowi stressed that that new capital is not only about physically relocating the offices of government institutions, but also "building a new smart city." It has been reported that Nusantara will be headed by an authority chief appointed by the president and its level of position is equal to a minister. Several former government officials which will likely become the chief include Jakarta's former governor Basuki Tjahaja Purnama and former minister for research and technology Bambang Brodjonegoro. (IANS/SP)
(Keywords : Indonesia, Parliament, law, relocate, capital, Nusantara, Jakarta, government, Kalimantan, President, country, people, meeting, construction, palace, buildings, housing, officials.)
- Indonesia has the Poorest Education Sector in Southeast Asia: PISA ... ›
- The Tojarans of Indonesia dig up dead relatives to celebrate Ma ... ›
By Olivia Sarkar
Everyone has a special affinity with their pets. Furry friends are there for you in good times and bad, and they know how to cheer you up. After a hard day's work there's nothing like coming home to your own bundle of joy. Here's a round up of some celebrities who can't do without their pets:
Shraddha Kapoor's pet, Shyloh, is her best buddy. Kapoor is frequently spotted spending peaceful time with her all-time bestie.
Shraddha is frequently spotted spending peaceful time with her all-time bestie. | IANS
Pulkit Samrat's devotion to his dog Drogo has resulted in an Instagram account especially for the adorable canine. We can't get enough of how adorable these two are.
Pulkit Samrat's devotion to his dog Drogo has resulted in an Instagram account especially for the adorable canine. | IANS.
Disha Patani is an animal lover and she has not one, not two but four pets. Besides her dance routines, Patani frequently posts images of Bella, Jasmine, Goku, and Keety on social media. The actress also has an Instagram account dedicated to pictures of her pets.
Disha Patani is an animal lover and she has not one, not two but four pets. | IANS
Dude is very close to Bollywood actress Anushka Sharma's heart. The actress has uploaded numerous photos of herself spending quality time with him.
Dude is very close to Bollywood actress Anushka Sharma's heart | IANS.
Priyanka Chopra Jonas
Priyanka Chopra has a series on social media titled 'Diaries of Diana'. After she tied the knot, she and Nick have adopted Gino and Panda, to complete the family.
After she tied the knot, she and Nick have adopted Gino and Panda, to complete the family. | IANS
Alia Bhatt adores cats. The actress continues to express her affection for her cats by posting photographs of them on Instagram. She has a cat named Edward, who is her all time favourite companion.
She has a cat named Edward, who is her all time favourite companion. | IANS
Actress Kriti Sanon has Disco and Phoebe. The actress keeps sharing videos and images of her furry friends often cuddling or playing with her.
The actress keeps sharing videos and images of her furry friends often cuddling or playing with her. | IANS
Genelia Deshmukh and Riteish Deshmukh
Genelia and Riteish Deshmukh are a power couple, but its only a party when their pooch is in their Instagram-worthy frame.
Genelia and Riteish Deshmukh are a power couple, but its only a party when their pooch is in their Instagram-worthy frame. | IANS
(Keywords: Genelia Deshmukh, Riteish Deshmukh, Kriti Sanon, Alia Bhatt, Priyanka Chopra Jonas, Anushka Sharma, Disha Patani, Pulkit Samrat)