hot penny stocks to buy

3 Strategies for Making Money With Penny Stocks Right Now 

While there are certainly risks involved with investing in penny stocks, there are also a number of strategies that investors can use to try to make money with them. By doing your research and being aware of the risks, you may be able to find penny stocks that have the potential to provide you with a good return on your investment.

Now, while investing can be difficult, it’s important to remember that there are strategies you can use to help you make money with penny stocks. In this article, we’ll go over a few of those strategies so that you can be better informed when making your next investment.

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Remember, research is key when it comes to penny stocks. You need to know as much as possible about the company before investing any of your hard-earned money. This research should include looking at the financials of the company, reading press releases, and even utilizing online resources such as message boards and investing groups. By doing your due diligence, you can increase your chances of finding a penny stock that has the potential to make you money. With all of this in mind, let’s take a look at what happened in the stock market on October 26th

What Happened in the Stock Market on October 26th?

On October 26th, both penny stocks and blue chips managed to remain somewhat stable by EOD. Specially, we saw the Dow Jones, NASDAQ, and S&P 500 end the day down by 0.1%, 2.04%, and 0.74% respectively. 

Recently, the news has surrounded earnings that were released, with mostly disappointing sentiment. And, we’ve also seen a large amount of volatility in the market recently. With all of that considered, let’s take a look at three ways that investors are making money with penny stocks right now. 

3 Ways to Make Money With Penny Stocks Right Now 

  1. Pick a Long Term Trading Strategy
  2. Use Speculation to Your Advantage
  3. Learn the Scalping Method

Pick a Long Term Trading Strategy

When it comes to penny stocks, there are a lot of different strategies that traders use to try and make money. Some people will trade penny stocks for just a few days or weeks, while others will hold onto them for months or even years. There is no right or wrong answer when it comes to how long you should hold a penny stock, but there are some definite advantages to picking a long term trading strategy. 

long term trading strategy

For one thing, stocks tend to go through cycles of ups and downs, and if you hold onto a stock for long enough, you’re likely to see it rise again after it falls. This is especially true with penny stocks, which are often more volatile than larger stocks. By holding onto a penny stock for the long term, you’re giving yourself a better chance of seeing it rebound after a dip. 

Another advantage of picking a long-term trading strategy is that it gives you more time to research a stock before making a decision. When you’re only holding a stock for a short period of time, there’s not as much opportunity to really get to know how it moves or what the company does. But if you’re holding onto a penny stock for months or even years, you’ll have plenty of time to study its financials, read analyst reports, and get a better sense of its long-term prospects. This can help you avoid making rash decisions about stocks that might not pan out in the end. 

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Of course, there are also some risks associated with holding penny stocks for the long term. For one thing, you might miss out on profits if a stock skyrockets in a short period of time and then falls back down. And if a company goes bankrupt, you could lose all your investment. But overall, picking a long-term trading strategy can be a good way to increase your chances of making money with penny stocks. 

Use Speculation to Your Advantage

Many people believe that speculation is a risky endeavor, but if done correctly, it can actually lead to some pretty big profits. While there are no guarantees in the stock market, those who are willing to take on a little risk may be able to reap some rewards. For example, penny stocks are often seen as being too risky for most investors, but if you’re willing to do your research and take a chance, they could pay off big time. 

Of course, you could also lose everything you invest, so it’s important to always remember that investing comes with a certain amount of risk. For those who don’t know, speculation is making trades off of news, events, or rumors in order to make a profit. It’s often seen as being a high risk/high reward type of activity, but if you’re careful and do your research, it can be a great way to make some money.

Learn the Scalping Method 

Scalping can be profitable if done correctly, but it requires quick thinking and fast reflexes. It is also important to have knowledge of the stock market and the factors that affect stock prices. Some people use scalping as their only method of trading, while others use it in addition to other methods such as day trading or swing trading. 

scalping penny stocks

For those unfamiliar, scalping is a method of trading stocks wherein the trader looks to make small, but frequent, profits. This is done by buying stocks at a low price and selling them as soon as they rise even slightly in value. While scalping can be profitable, it is also risky. If a stock suddenly drops in value, the trader can lose a lot of money very quickly. Scalping is not for everyone, but it can be a useful tool for those who are willing to take the risk.

4 Penny Stocks to Watch Right Now 

  1. ESSA Pharma Inc. (NASDAQ: EPIX)
  2. Cosmos Holdings Inc. (NASDAQ: COSM)
  3. RLX Technology Inc. (NYSE: RLX
  4. SINTX Technologies Inc. (NASDAQ: SINT)

Are Penny Stocks Worth Buying or Not?

While investing in penny stocks is not easy, by using the proper strategies, it is possible to make money in the long run. With a little bit of research and patience, anyone can become a successful penny stock investor. Penny stocks are not for everyone, but if you’re willing to take on a little extra risk, they can be a great way to make some quick profits. 

[Read More] Buying Penny Stocks? 3 Technical Indicators to Use 

Just remember to always do your homework before investing, and never invest more than you’re comfortable losing. With all of this considered, it’s clear that whether or not penny stocks are worth investing in is up to the individual investor. However, if done correctly, investing in penny stocks can be a great way to make money in the stock market. Considering this, do you think penny stocks are worth buying right now or not?


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