Posted on 28 April 2012.
Every investor has heard a few penny stock success stories. They tend to follow relatively similar patterns. An investor (always a friend of a friend) sunk his or her last few dollars into a stock that cost less than a dollar. In only a short period of time, that stock grew in value by leaps and bounds, and the friend became fabulously wealthy. These stories are unlikely, but there are many legitimate stories of those who have made a success with these stocks. Figuring out how to follow the example of these investors simply requires taking the time to figure out what the stories have in common.
Many Success Stories share common traits.
Most success stories share quite a few elements. First and foremost, most of the true successes seem to be a matter of timing. The successful investor knows that these stocks need to be watched carefully, and sold at precisely the right moment. These stories rarely have an element of random chance; penny stocks still require market research for success, and penny stock success stories usually involve those that were smart enough to invest in a particular stock. These stories also tend to require some element of experience. There are certainly tales of first-timers getting lucky, but most involve experienced investors making the right choices at the right times.
You can have your own success story if you put in the necessary effort. There is no magic secret to making a good penny stock investment, but time and research always win out in the end. Working with the right broker can often be helpful, and investing in a service to help you do the research can work as well. Always remember that you are in charge of your own portfolio, and penny stock success stories are within your reach.
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