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on April 01, 2015 :
Know Penny Stock Trading: How to Start Trading Penny Stocks and Make Money
I am still undecided a bout whether I’ll act on it, but this book gave me the confidence, at least in the process, to feel comfortable trading. It’s specific in mentoring and from the opening pitch I could hear Leo DiCaprio as the narrator. The Know-Series authors used a scattering of colorful Jordan Belfort quotes throughout the guide. I was initially caught off-guard by the language, so be warned. It was a little distracting at first, but not offensive. I certainly didn’t expect to see “wet dream” and “NASDAQ” in the same sentence.
If I were to get into penny trading, it would be as a supplemental thing — a side activity. That’s what it would have to be. “Know Penny Stock Trading” infers that to succeed, you should go all-in with your time. The companies being traded at this level are tiny, significant change can alter their destiny quickly and you need to know when it happens. Immediately. The book’s initial pitch is to somebody looking to make a primary income trading penny stocks. Warren Buffett is used as a success story, making $30,000 every 1.2 minutes last year. I’m not so sure Berkshire Hathaway is an afterthought to penny stocks for Warren Buffett.
The Know-Series writers do a phenomenal job of laying out the process. In less than a half-hour during my lunch break, I learned how penny trading happens. It makes sense. I think I could follow this simple guide and succeed. The exciting thing about penny stocks for me would be watching a start-up/struggling company turnaround and find success.
But in the end, the last paragraph of the title page might sum it up best. “Penny stock trading is very risky, and should be proceeded so at your own risk.”
It’s a risky investment, but one with a ton of potential. I haven’t decided if I’m going to make the jump, but this book gave me a realistic expectation.
(reviewed the day of purchase)