For those new to penny stocks…do not confuse trading for investing. Investing involves building wealth gradually through buying and holding for an extended period of time. Trading involves buying and selling short term, aiming to outperform long term buy and hold strategies.
Here’s a tip that will save you time and money: treat every penny stock as if it were a scam. Don’t fall trap to empty news, merger deadlines, all-star CEO’s, PR’s, tweets, etc. A wise successful trader once taught me to “Never fall in love with a ticker.” Once you accept this, you are well ahead of the game.
With that said, we are here to trade penny stocks, not invest in them. Take profits and move on.