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[QUOTE]Originally posted by jdog006: [QB] bgrance I understand the mind set that you have right now. BUT you need to change your entire outlook. I know that you have good intentions asking for a recommended stock. It is not that easy. You may find that people will give you recommendations. Don't follow them blindly or you will probably lose all your money very quickly. Learn to research any stocks that have been recommended (often called "DD" or Due Diligence). Learn how to read charts (at least a basic price chart and MACD). Rather than recommending a stock to you, I would recommend that you READ READ READ. Read about the stock market and how it works. Read about charts and indicators. Read about any prospective companies that you are thinking of investing into. Read about different strategies for trading penny stocks. In my opinion, penny stocks have higher risks and rewards (make sure you are prepared for the risk). The reward: You can make gains rather quickly since small gains are a larger percentage of a stock the cheaper it's price. The risk: It works in reverse also. Small losses are a larger percentage of your funds the cheaper the stock price (not to mention the pitfalls of reverse splits and dilution). I understand that it can be tempting to immediately throw your money into a stock that you think has potential to make money for you. Don't let the dollar signs in your eyes cloud your vision. If you educate yourself as much as possible about everything involved you can maximize your odds for success. The only bit of strategy that I will offer is: Don't frown on small gains. Don't fool yourself into waiting for the big one when it isn't going to happen. Take a small gain (or take your loss) and move on. [/QB][/QUOTE]
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