The Truth About Penny Stocks and Day Trading
Did you know that "penny stocks" is one of the most frequently searched investing phrases on Google?
The idea of buying seemingly cheap shares of a company and waiting for 100-, 300-, or even 1000% returns is intoxicating to new investors because often they're starting with very little money in their account. But what does the data actually say about the success rates of people that try to day trade? And what are people really buying when they purchase penny stocks?
In this video from our YouTube channel, we break down the exactly what makes a penny stock and some surprising data about the success of day traders.
Source Fool.com
