Penny stocks allow investors to diversify their portfolio by targeting areas of the market that are more prone to volatility, which can lead to outsized returns for the portfolio. Penny stocks are self-descriptive, each share sells for as little as a penny to as much as $5. However, these mere pennies can be far away [...]
Day trading penny stocks can be pretty risky. It holds the same risk as any form of day trading, but penny stocks have the additional traits of being thinly traded, extremely volatile, and easily manipulated. Sometimes this manipulation is easy to spot, and you can actually trade in the opposite direction of the manipulation (usually shorting [...]