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Penny stocks for beginners. It's hard to check your email without hearing about the next "hot" penny stock that's going to make you rich. But can they really deliver?
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I was first introduced to trading penny stocks when a friend in high school made tens of thousands of dollars day trading penny stocks over summer break. This would have been around 1999/2000 and at the time trading online with TD Ameritrade was still a new concept.
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It sounds great when the stock moves up, but consider the other side. Suppose the stock fell to $50 per share rather than doubling to $200, your loss would be 100% of your initial investment, plus the cost of interest to the broker [($5,000-$5,000)/$5,000]. Leverage is a tool, neither good nor bad. Invest in thousands of stocks with as little as $1. Invest Any Amount. Choose how much you want to invest, and we'll convert from dollars to parts of a whole share. Build a Balanced Portfolio. Customize your portfolio with pieces of different companies and funds to help reduce risk. Stocks opened higher Tuesday, bouncing after the worst one-day drop since the October 1987 crash. The Dow Jones Industrial Average were up 360 points, or 1.7% at 20,548 after rising more than 500 I became a self-made millionaire by the age of 21, trading thousands of penny stocks. You may have heard the story on CNN: I turned $12,415 into a cool $1.65 Million over a couple years (I've made millions more since then). Tim had always been interested in finance, so he decided to start trading stocks. He quickly lost most of his money in Stock Rover already has over 150 pre-built screeners that you can import and use. You do need to have the Premium Plus service to take advantage of this, I have reviewed many of them and they are very thoughtfully built. One of my favorites is the Buffettology screener. The Stock Rover Buffettology Screener -- Screenshot