(PRWEB) October 18, 2012
Chris Johnson, founder of PennyStocks123, recently revealed quick tips for trading penny stocks as a hobby, for beginners, in his free newsletter. Mr. Johnsons tips are crafted with the amateur investor in mind. He cleverly narrows his years of successful trading down to four succinct pieces of cautious advice; 1) think of penny stocks as a prison inmate 2) beware of the deadly sin: greed 3) only pick the cream of the crop and 4) avoid putting all of your eggs in one basket.
Trading penny stocks as a hobby is a great way for the average Joe to exchange his pennies for a few dead Presidents, says Mr. Johnson. But its also a way to watch your money get sucked into a black hole if you throw caution to the wind and dive into shark infested waters without knowing the ins and outs of the game first, he continues.
Mr. Johnsons four quick tips are essentially based on the philosophy of exercising precaution at all times. He believes that beginner traders have every right to be suspicious of everything and everyone. He also firmly believes that individuals looking to trade penny stocks as a hobby must also be cautious of their own vulnerabilities.
As a matter of fact, the very people who are overly cautious of companies and read the disclaimers are the ones who succeed, says Mr. Johnson. Theres a great deal of potential to earn big profits by partaking in this hobby, but you need to be alert and smart, he advises.
PennyStocks123 is an entirely free newsletter with years of experience dedicated to discovering the most undervalued and highest potential small-cap companies on over-the-counter exchanges and sharing that information with their members. PennyStocks123 information can be found on their website and they can be contacted via telephone at 832.466.4863. Be sure to view their disclaimer before making any investment decisions.
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