My Penny Stock Due Diligence Techniques

There is no proven formula for picking penny stocks. These are the due diligence techniques that I have personally used throughout the past few years. My best advice is to be prepared to lose 100% of money speculatively invested in penny stocks. Even the most "certain" penny stock plays often disappointment. However, I personally find playing penny stocks to be a lot of fun! It's like being a detective and always assuming that the stock is guilty. I try to make each stock prove its innocence. Some stocks do and some stocks don't. I welcome your feedback and questions but share this and all other videos for entertainment purposes only. They should not be considered a recommendation to buy or sell a security. I hope that you enjoy this video and please feel free to check out my other videos too! I've included a playlist link containing all of my penny stock videos below.

[jotto]

Just have to say, even after 8 years, this video is fantastic! As someone who is a literal thinker, it definitely helps to hear someone else's educated "list" of things to do for DD. This may change everything for me. Thank you so much!

[ThebirdmanTrainer]

How would you compare your broker's level II quotes to Ihub. I mean is there a big dfference. Also I can you set a stop order with penny stocks. I've been having trouble with Scottrade.

Thanks,

Great Channel

[edysanch]

I look up into you sir. Thank you for teaching me basic of penny stocks . I read Peter Leeds book and currently learning Pennystocking.

[Davedude]

This might be a dumb question since I'm new to all this. Can a person set both an automatic high and low selling point when trading stocks so that if the price goes over or under a certain amount you can get out to reduce risk so that you don't have to constantly be watching your stock.

[IrixGuy]

Thank you! It's video that we filmed while riding a moped around Bermuda. These clips are taken at various points between the Royal Naval Dockyards on the West End all of the way to St. George on the East End of the islands. Most people think that Bermuda is one island but it's actually a group of many small islands. A moped can get one from one tip to the other tip about two times on one tank of gas =) Please feel free to check out my Bermuda videos on my YouTube channel too!

[TheChosnOne]

Anywhere where you mention your background or your profits stemming from trading? No offense but there's alot of people that try to explain the stock market on YouTube for the YouTube aspect of it .

[IrixGuy]

I like my Ameritrade APEX level 2 cause it's free and I like it better too. Clean interface that they are constantly updating....works well on Mac or PC =) I use stop limit orders all of the time with both Ameritrade and Fidelity. I used to use Scottrade for big board in the past...great people and great customer service. However, I personally found Scottrade to not be as good as Ameritrade or Fidelity for penny stocks. Thanks for watching!

[edysanch]

where is your background at? it looks so beautiful

[IrixGuy]

@John Cage Thank you and good luck. It's always a wild ride.

[IrixGuy]

@Davedude2000 You need to research limit orders and the stop limit orders. Ask your broker for a dummy trading account so you can learn how to use it first without risking real money. Thanks for watching.