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Should These Be On Your List Of Penny Stocks To Buy?
Trading penny stocks is simple in theory. You find cheap shares, hit the buy button on your broker platform, then sell when your profit target is reached. However, when it comes to finding the top penny stocks to buy, a lot more effort goes into it than just knowing how to buy or when to sell. Research is key, and understanding volatility is important.
The definition of penny stocks refers to shares of companies trading under $5. With this as the backdrop, share price alone can make for a volatile situation in the market. Think about it. Even with the highest-priced penny stock, a 50 cent move still equates to a noticeable gain. The lower the price, the less movement needed to realize meaningful gains.