Sure, people make tons of money off penny stocks, but this is largely done with market manipulation through lots of capital. How often are people going to report a bad trade? Sure they'll post about the trade where they turned 20k into 60k, but they'll never post the trade where they turned 20k into 5k. Also, people making absurd amounts of profit can just be statistical outliers. Of course some people will make tremendous amounts of money, but how much of it is luck? Let's say you turned 10k into 150k - I bet he can't achieve that return over 10 years. Warren buffet, the most successful investor in history (yes I know investing isn't trading), averages less than a 20%/yr return over his career. No one is going to brag they lost everything in a crooked market that everyone warned them about, and the number of those silent losers probably totals more than the vocal winners.
None of the entry or exit strategies I've found to be reliable enough to use in regular trading are worth a shit with pennies, there's just too much unpredictability and too many influences on price and too many scam companies, newsletter manipulators, and every variation of pump and dump scheme that exists.
Submitted July 11, 2018 at 12:04AM by melancholyeggyolk https://ift.tt/2m9SAfi
