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One of the first trading lessons I learned:
There aren't any gifts on Wall Street.
Yesterday, I JUST told the members of our trading group in the chat room:
Stay the devil away from the penny stocks, those .BB & the .PK stocks! They are very, very, very risky and volatile!
Its better to invest in fewer shares of a higher priced stock. Personally, two of my trading rules are:
1] I won't trade any stock less than $26.50 per share AND
2] the volume must be AT LEAST 1,250,000 shares per day.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
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