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How to Make the Most of Penny Stocks with Minimum Risks Involved?

A common stock share is usually priced at less than a dollar

Penny Stocks, Risks, Time
Penny stocks are low priced shares. Pixabay

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.

Penny Stocks, Risks, Time
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’. Pixabay

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.

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.

Also Read- Global Telecom Operators Launches ‘Open Test and Integration Centre’ Initiative

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.

Penny Stocks, Risks, Time
In this article, we discuss the pros and cons, as well as how to make the most of your penny stocks. Pixabay

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.

  1. Educate yourself on Penny stocks
  2. Develop a winning penny stock trading mindset
  3. Familiarize yourself with Penny stock terms and jargon
  4. Understanding Key Technical indicators
  5. Understanding Key Penny Stock Chart Patterns
  6. Developing a trading strategy
  7. Start Trading

Also Read- Guterres Announces New Initiative Aimed at Ensuring Decent Job Creation and Protecting Livelihoods

OTC Exchanges

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.

Closing thoughts:

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.


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Know How COVID-19 Pandemic Highlighted the Importance of IT

Corona fallout -- utilise the precious resource called time

technology COVID-19 lockdown
The lockdown would have had even worse effects in the absence of IT. Pixabay


Advent of the Age of Information, attributed to the success of the IT revolution, was defined by an instant connectivity across geographical boundaries that created a new kind of economic globalisation where business would be conducted with unprecedented speed. The new ‘knowledge economy’ therefore, mandated that all relevant information needed for decision-making had to be quickly accessed and acted upon for achieving a competitive advantage.

Time became the new resource — besides money and manpower — that was not to be wasted. It is in this backdrop that the great learning from the experience of lockdown for the coronavirus pandemic, both for nations and individuals, is that new ways would have to be found to use the enormous quantity of surplus etime’ available with family units, for the cause of national productivity. The lockdown left sections of people — whose concept of eleisure’ mostly spun around empty luxuries — cribbing that they were not able to ewhile away time’. On the other hand, it saw countless families with only one bread earner wondering how to monetise the residuary time of the family in an environ of joblessness.

There is little evidence that even the well-off lot generally valued their solitude as an opportunity of enhancing their personal growth or increasing their power of imagination to their advantage using time as a valuable commodity. Incidentally, it is Albert Einstein who had famously said, “Imagination is more important than knowledge” suggesting how imagination aided the ability to read a deeper meaning into the facts presented and thus make a quicker advancement.

technology COVID-19 lockdown
IT has played an important role amid the lockdown. Pixabay

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The prohibitions of the pandemic have highlighted the importance of ework from home’ but only for the people who had certain kinds of jobs — mostly IT related. The need for Indian businesses is to explore a new work methodology in which the huge number of semi-skilled hands available in the country — practically in every home — are utilised for enhancing productivity by drawing them into esupply chains’ for goods and services — running across the length and breadth of the country. A range of business activity from ehome kitchens’ to domestic stitching of emasks’ did crop up during the lockdown but what is going to be required in the short and medium term ahead is an army of edelivery hands’ acting — without having to move much — as the local links in these supply chains.

The indigenous economy of India can revive itself through innovative ideas on how to use labour intensive situations without giving up on technology-driven processes and utilise the resource of etime’ available at the hands of even unskilled people for increasing production. This should be done without detracting from the promise that India holds, of providing top-grade technologists and technology- savvy eknowledge workers’ to international businesses across the spectrum. In the Indian context, the mega tie-up between Facebook-WhatsApp and Reliance JIO may prove to be a game changer providing a big boost to the country’s economy.

In the present scenario, district administration can list out men and women ready to take up this kind of informal employment and make them available to businesses on request. This is in a way a revival of the elocal employment bureaus’ helping the businesses big and small — in a new version of private-public partnership — and giving stability to income from work. The employing companies could be given tax relief for engaging the listed hands. The challenge for India is both in the handling of corona victims in quarantine camps and hospitals and finding ways and means of rebuilding the economy in staggered steps. The strategy has to be of keeping up productivity without demanding too much of human emovement’ and avoiding ecrowding’ of the assembly lines. It is now coming out that in spite of the law against child labour a very large number of children employed by petty factory owners had been abandoned in their confinement because of the lockdown. District level handling of the pandemic alone can take care of this tragedy of children — arranging food and shelter for them was the immediate requirement. The district magistrates should have confirmed by now that all this had been done.

Prime Minister Narendra Modi’s decisive move of getting the people to follow a 40-day lockdown has been globally appreciated as the most effective policy of saving the country from the huge disaster that corona would have inflicted on it. It gave the government time to build a certain capacity to handle emedical quarantine’ and ehospitalisation’ while it checked the rise of fresh infections that could have overwhelmed India’s health care system. However, in India — unlike in any other country — the formidable test of democratic governance was in ensuring that while enforcing eequality of restrictions’ in an eunequal society’, it did not lose sight of the fact that the haves and the have-nots differed widely in their capacity to face the lockdown. The latter — comprising workers of the unorganised sector, daily wage earners and the migrant labour who lost their jobs — needed an uninterrupted supply of food for their families on an assurance from the government, beyond what philanthropic bodies could do, till such time as some work came their way. This is a long haul. It is clear that the lockdown required micro-management of public affairs that could be achieved only at the district level where this country, fortunately, still had the best organised machinery of the government closest to the people.

In fact, for quite some time to come, the district will have to become the pivot of governance from where an accurate assessment of the weekly supply of grains etc from government godowns for running public kitchens at multiple fixed points — one in each panchayat or ward — could be obtained and also an idea had of the scale of medical and health care management required there. Successful delivery of food to clusters of the poor and the weak including the migrant labour would be the hallmark of this management. So long as the migrants are in the jurisdiction of a district, the local administration was squarely responsible for their food and shelter. Pending a decision of the government about shifting them in safe conditions to their village homes, the district authorities concerned were accountable for their well being. There should have been a clarity about this from the first day of the lockdown. The good news is that a lot is already happening on these lines — with people of towns and villages enthusiastically doing their bit in helping the administration to feed the stricken individuals. The supply of essential commodities had been maintained without breaks which is a creditable achievement.

A policy favouring an appropriate relaxation of the lockdown after balancing emobility’ with full eawareness’ of how to avoid risk, seems to be in the making and this is good. It would be a great pity if a lack of Centre-state equation came in the way of a united approach on corona crisis management that called for a decentralised way of handling it. New infrastructure for medical quarantine and hospital facilities with fleets of ambulances, for instance, has to be carried to the districts. There are many cases of local hospitals not attending to corona suspects for lack of facilities. This investment required urgently — on a different scale in different regions — would serve a long range purpose and act as a catalyst for employment and economic growth.

technology COVID-19 lockdown
The prohibitions of the pandemic have highlighted the importance of ework from home’ but only for the people who had certain kinds of jobs — mostly IT related. Pixabay

Corona pandemic was being fought directly under the leadership of the Centre and the challenge, as already mentioned, is of securing the right level of coordination between the central and state administrations for taking the focus of handling the crisis closer to the ground. The district administration should be provided with funds, manpower and supplies to free the less privileged of any food worries — it should be remembered that memories at the mass level tend to last long. The corruption-ridden public distribution system did show up its ugly side at many places because of inadequate administrative oversight. No needy person should be returned empty handed from a ration supply centre. That official machinery could take to senseless ways was illustrated by the practice reported some years ago from a northern state in which a measure of wheat grain was given to children as a substitute for a mid-day meal.

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In a public crisis officials should exercise discretion in a matter like grant of help without production of a ration card in some cases. India has, on the whole, done a marvellous job of dampening the Corona attack with an effective lockdown. Its long range success is going to be determined by the efficiency of the local authorities in taking care of the distressed lot on the ground — till they got back to work. There should be enough publicity through authentic messaging that a corona suspect was not to be shunned but put under medical supervision — grave social disruptions can erupt otherwise. In the recent interaction of Prime Minister Modi with panchayat chiefs, the participant from Kashmir made a brilliant suggestion — he gave the call esuspect but respect’ for the handling of corona cases.

The indigenous economy of India will revive at a faster pace as people will like to feel eself econtained’ and eself-reliant’ in their neighbourhoods, townships and work zones. They would have a new awareness of a cleaner, safer and less-demanding lifestyle in which one stayed connected without being physically close to one’s near and dear ones — at least for the time being.

Also Read- Life After Lockdown- A New World

The corona lockdown has trained Indians, rich and poor, on how to keep out of the way of this einvisible’ enemy through esocial distancing’ while getting back to work and let the virus degrade and fade away on its own. In times to come, India hopefully will be the manufacturing hub of the world and a prime tourist attraction as well — precisely because it handled the pandemic well. The route to that destination is a determined bid to become eself reliant’ by opting for our own products in the civilian sector and to the extent possible in the area of defence as well. A country surplus in food grains, plentiful in manpower, blessed with a large industrial base, having a huge national transport infrastructure and on top of the ladder in applied IT, can reset its economic agenda and steadily make up for the pushback caused by the corona pandemic. Corona prohibition was a top-down exercise. Economic recovery will be a bottom up phenomenon which suits India. (IANS)

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Tips to Find the Right Balance Between Work From and At Home

Strike a balance between Work from Home and Work at Home

work from home
Here are a few tips to find the right balance between your work from home schedule and other regular household chores. Pixabay

The transition to working from home due to the lockdown comes with its unique set of stressors and challenges, particularly when there’s a life-threatening pandemic in the backdrop. This fear from coronavirus has confined everybody to their homes, but it is an important to keep your spirits high to overcome this unconventional phase.

The most important aspect is to maintain some semblance of balance – �It is a first time experience for everyone around you.’ When you adjust to this thought, it will make things easier for you and everyone around,” says Dushyant Sinha, Founder, FindMyCowork.

He shares few tips to find the right balance between your work from home schedule and other regular household chores.

work from home
Select an area in your home from where you can do professional work. Pixabay

Wake up early

Waking up early in the morning gives you some extra time to look after yourself, through physical exercise or meditation. It also with no house help around, as it allows you ample time to take care of household chores as well. Fixing a schedule in such case might prove useful too. Don’t hesitate to seek help from other family members to juggle things around.

Fix your workspace

Select an area in your home from where you can do professional work. Avoid utilizing your bedroom or dining area for the same. Try selecting a sitting area where you can sit upright. This will help you maintain your posture and reduce the chances of fatigue.

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Utilise breaks

The work cycle has lots of things to do on an individual basis, apart from attending team meetings and handling co-ordination of work. Make your breaks count by setting out goals, like walking for a bit. Sitting for long periods can also have serious health issues. The best part about working from home is flexibility. Make sure you and your employer are on the same page about non-traditional working style, as this will eradicate any possibility of confusion.

work from home
You need to balance your work life as well as your household chores. Pixabay

Equip your kids with activities and tasks

Quarantine in homes is not a very easy task for the kids as well. They somehow getting accustomed to it, but what they will be expecting the most is some quality time with their parents. This time will help you nurture your bond, and give the kids attention that they crave for. Making sure there are some limits, try giving them a few tasks or activities which they enjoy engaging in, or perhaps a new hobby.

Also Read- Nykaa’s Product Catalogue to Include Essential Personal Care Products

Save time for family interaction

Your family is the only support system which you can reach out to personally during these times. Manage your working hours in such a way, that you don’t come across as a burden. It is the best time to support and interact with them. Board games are helpful to lighten the mood. Video calls with your friends and relatives delivers a sense of being connected to the outside world. Don’t let the insanity of the times overpower your mind, staying positive is the best thing to do. (IANS)

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Smoking and Stress Lead to Greying of Hair: Experts

Stress, smoking cause early greying of hair

Too much of stress can increase ageing. Pixabay

With your first grey strand comes ageing, but it could also be a sign of too much stress, say experts.

“Premature greying can be a sign of excessive stress as it is one of the significant causes; under pressure, one constricts the blood vessels hampering the healthy flow of nutrients to the scalp resulting in hair fall and greying.

“Stress also reduces oxygen supply to the scalp as breathing, and is also one of the major causes of aging and premature greying, dull, and scanty hair,” Rajni Ohri, Founder, Ohria Ayurveda said.

Although ageing is natural, and should be accepted with grace, one cannot control the process of ageing and worrying about it will only further stress.

Mohit Narang, Skincare expert, AVON says that greying of hair can also happen due to smoking. “People who smoke regularly have higher chances of premature greying, as can a lack of nutrition. A diet deficient in vitamins and minerals can lead to early greying.”

Smoking stress
Along with stress, smoking can also cause greying of hair strands. Lifetime Stock

How to tackle the menace of premature greying of hair?

Ayurvedic hair oils are beneficial for slowing greying. If used regularly they delay greying even in old age. Ingredients that assist keeping the hair pigment intact are amla, onion seeds, bhringraj, henna, sesame, curry leaves.

Dried amla can be used to fight premature greying. Cut them into pieces and dry them in the sun; once dry, roast it in the pan and then mix with coconut oil. Apply the mixture on your hair overnight.

Apart from repairing natural hair color, onion juice also helps treat hair loss and thinning. For best results, mix onion juice with lemon juice. Apply the mixture evenly on the scalp and hair. Leave it on for 15- 25 minutes and then wash your hair with a mild shampoo. Make this your routine for at least two weeks.

Curry leaves darken your hair by restoring the natural melanin pigment so that hair becomes dark again. The leaves also help in preventing and treating as curry leaves are rich in Vitamin B and minerals like iodine, zinc and iron.

Also Read- Narcissism Declines as you Grow Older

Consume a nutritional diet rich in Vitamins B12, B9, Iron, Folic acid. Include amla, beetroot, green leafy vegetables and nuts like soaked almonds, anjeer, walnuts, and soaked sesame seeds.

Practice yoga for healthy blood flow to the scalp. Practice ‘Pranayam’ to keep the mind calm and relaxed.

Quit smoking, or at least reduce the instances of smoking. (IANS)