4 Reasons You’re Not Making Money With Penny Stocks
Have you ever been curious about penny stocks or how to make money with them? If you’ve seen any stock market game or movie about trading, I’m sure the topic has piqued your interest. It seems easy, right? Just load up some cash into some mobile brokerage account, and you can start making money with penny stocks. They’re only cheap stocks, right? How hard could it be?
The rise of meme stocks like AMC Entertainment (NYSE: AMC) and GameStop (NYSE: GME) did something interesting to the stock market; it brought a whole new type of “investor” into the fold. The idea of “buy and hold” was thrown out the window in exchange for capitalizing on short squeezes and breakout stocks. It also put penny stocks at the center of the spotlight. But in this case, it wasn’t about how these cheap stocks could jump in a single day; it was the potential of a much bigger move.
So, if AMC stock theoretically turned $1,000 into $37,000 and GME stock took the same $1,000 and made it nearly $170,000, why aren’t you making money with penny stocks?
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Category: Investing in Penny Stocks, Penny Stock Tips, Trading Penny Stocks
