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When it comes to penny stocks, you should always keep a close eye on your trading account. Verify not only that your orders went through, but that there is no discrepancy in the price of shares, volume, or details of the transaction.
Once you have some shares of your favorite penny stocks, or even if you just want to watch those penny stocks you are interested in before you buy them, you should spend as much time as possible checking into their fundamentals and trading activity.
I reveal one incredible and effective method for picking penny stocks in an upcoming section.
In penny stocks, there is a direct correlation between research and returns.
When monitoring your penny stocks and trade orders, you may spot warning signs, or uncover an excellent buying opportunity.
You will find that the Internet is an excellent source of data and information, and there are many different tools available. As well there are a number of offline sources. We provide a comprehensive look at some of them, online and offline, in our section on Information Sources for Penny Stocks.
Of course, you are probably excited to begin trading right away. First, you will need to decide on a discount broker for penny stocks, which is what I discuss in the next section.
If you already have a broker that you are happy with, and that can trade penny stocks, you may want to skip ahead to the really good stuff.