Buying and selling penny stocks is similar to the lottery, but there are some rules which at least increase the possibility that you will start winning, at least for a while.
Penny stocks trading will not solve all your problems and they should never be treated as a firm foundation for anything in life.
However, like in every gambling game, you can actually earn some money, but only if you are stronger than your drive to go for more.
That is why self-discipline and patience are the most important characteristics that a successful penny stock trader should have.
Avoid buying large chunks of stocks, especially cheap ones. Cheap penny stocks are the most dangerous. Imagine that you are playing poker.
You will not open your game and go with a high raise move until you have spun your web around other players and prepared the ground for potential failure. The same goes for penny stocks.
According to experts, investing in something lucrative (like assets as Netflix stocks) can make some good profits in long run.
The thing you should keep in mind is that you should aim at getting realistic goals and trade only at reliable platforms that can help you at all steps.
Although there are many stories revolving Netflix Revolution scam, its one platform that people trust.
Instead of believing in all the fluff you should go and read about its detailed review to find the real truth before you gte strarted.
On the other hand if you buy a stock of penny shares worth $200 and expect that tomorrow you will earn $20000 on them, then you should go and do something else.
Dealing with penny stocks will make you homeless and brainless. Try to always bear in mind that you should not aim at more than a 10-20% gain per stock.
Anything that seems to be hitting 50% or even 100% of its initial price will plummet soon and there is a high risk of losing that percentage of your money than earning it.