In the 2013 film The Wolf of Wall Street, newly-minted stockbroker Jordan Belfort is forced to turn to a boiler room brokerage for employment following the Black Monday market collapse. Belfort pushes penny stocks not listed on major exchanges called pink sheets, taking home outsized commissions thanks to his high pressure sales tactics (and the […]
Penny stocks are the most peculiar asset class that beginners get drawn to. At the same time as having immense benefits: least competitive, highly volatile, and daily runners, they also have huge drawbacks: they’re the riskiest, most of the companies are shoddy, and are often manipulated. The drawbacks of penny stocks are reasons many […]
Today we’re going to look at some of the more popular penny stocks on Robhinhood but before we do lets briefly cover who Robinhood is and what penny stocks are. Who is Robinhood? “It’s Time to Do Money” is a mantra by Robinhood, which is a leader in commission-free investments. Robinhood offers you access […]
Pink Sheet stocks got their name when they were initially being printed on pink paper back in the day. Pink sheet stocks are a common topic amongst stock exchange forums. Remember the movie Wolf of Wall Street and how Belfort easily manipulated pink sheet stocks? This aspect of being easily manipulated has brought out a […]
Setting up your day trading station can be intimidating, particularly if you are not technologically-inclined. Most of the guides for setting up day trading stations are overly-complicated and designed to sell you specific expensive products that you usually do not need. Fortunately it is actually a very simple and inexpensive process. In this brief […]
According to the SEC, penny stocks are considered to be any stock trading below $5 per share whether they are listed on an exchange or trading through the Over The Counter Bulletin Board (OTCBB) or pink sheet markets. Penny stocks, often referred to as microcap or even nanocap stocks, are usually smaller or newer companies with […]
When I started trading stocks the first thing I was researching was how day trading penny stocks works. Since I didn’t have much money, I thought the only way I could make a decent profit was by trading penny stocks. Soon after visiting a few websites and signing up to newsletters I was getting […]
