Penny stocks that made it big
Penny stocks are generally small cap or micro cap companies which trade on the OTCBB or Pink Sheet exchanges. These stocks are usually priced below $5.00 per share and some as low as $.0001. Penny stocks have the potential to make large percentage moves which can lead to large profits or large loses for traders on many occasions. Whether you make money or lose money is dependent upon how knowledgeable a person is about how the penny stock market works. This market has less strict filling and disclose standards than those of the NYSE and NASDAQ exchanges, and therefore companies are able to basically do whatever they please. This is very bad for long term investors that believe penny stocks are fundamentally strong companies, but advantageous for smart traders which can use the extreme volatility to their advantage. You will see lots online websites who provide research on penny stocks. Some of these may seem like hot stock tips relating to great opportunities but the truth is you should never trust stock picks from other people. Everyone has a reason to provide these picks and it is not to benefit you, but rather to take advantage of your lack of understanding of the penny stock market. In general the only way to be successful in the stock market is to make your investment decisions 100% by yourself and not rely on others.

Awesome Penny Stocks are out there but you have to know which ones to focus on and which ones to avoid. Filtering out low volume penny stocks is one of the most important parts of finding profitable trading opportunities.

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