Penny Stock Truth is an information website. There are no Secret Magick Stock Picks, no Miracle Robots or TOP SECRET trading strategies. If you are looking for that you are in for an expensive lesson and there are numerous Scam Artists waiting to sell you the Secret to Fabulous Wealth in Penny Stocks or MicroCaps.
The purpose of this site is to simply convey what I have learned so that others can avoid some of my mistakes.
Here's a couple of things you need to know up front. a few Basic truths about The Penny Stock World.
Truth 1: There are NO SHORTCUTS. You can take the time to learn up front and not be as susceptible to the Scams that proliferate the den of thieves, Liars and thugs in the Stock Market or jump in and learn the hard way, or both.
Truth 2: You're gonna lose Money. The "trick" is to minimize your losses and end up winning bigger than you lose.
Truth 3: Never believe ANYTHING anyone says about a stock until you verify it. Even from this site. If you think Most people are Decent Honest Human Beings it's because the biggest bags of human garbage are hiding out in the world of Penny Stocks and you haven't been introduced yet. Forget the two bit thug robbing the convenience store, the Real Crooks are in the Penny Stock World and they know how to Rob you and fleece the Public LEGALLY. This is the difference between the guy busting ATM's and Cash Drawers or selling Crack Cocaine on the street and the Real Pros, one is small time and doesn't not know how to operate within or use the System to perpetrate their theft; the other for the most part uses the Legal and Financial system as their get away car.
Truth 4: There actually are many Good Decent People and Companies in the Penny Stock World. You can profit from the Good ones and the Bad ones as well.
Truth 5: If it sounds too good to be true, it is. (I understand some reading that might need clarification) In other words, It's A SCAM. There are No Free Lunches.
( You'll probably see many "affiliate" sites promoting Penny Stocks or Penny Stock "systems" that are promising to make you wealthy. Most of these are the sites I'm trying to Warn you about. If you choose, take a few minutes to investigate some of the claims they make, do a search, see what others on Message Boards are saying and notice some of the Fake glowing Reviews with affiliate links and how many are just copied and pasted from the referenced sites promotional material.)
Truth 6: Anyone who will cheat you or rob you will lie to you.
Truth 7: Anyone who promises you consistent HUGE Profits is lying to you.
Truth 8: They want you to BUY so they can SELL.
Before you get started you will need a Trading account that will allow you to trade Penny Stocks or Microcap Stocks. I will suggest the Brokerage I currently believe offers the best accounts for the following reasons.
" It provides access to $0 online stock trades, and it's not an introductory offer -- you get up to 10 free trades per month, every month, as long as you have $2,500 minimum balance, and otherwise, it's just $4.50 per trade!" If you find a better Low Cost Broker let me know!