Oct
23
2009
In the U.S. financial markets, the term penny stock commonly refers to any stock trading outside one of the major exchanges (NYSE, NASDAQ, or AMEX), and is often considered pejorative. However, the official SEC definition of a penny stock is a low-priced, speculative security of a very small company, regardless of market capitalization or whether it trades on a securitized exchange (like nyse or NASDAQ) or an “over the counter” listing service, such as the OTCBB or Pink Sheets. The terms penny stock, microcap stock, small caps, and nano caps are sometimes all used interchangeably, however per the sec definition, penny stock status is determined by share price, not market capitalization or listing service. A penny stock is typically listed for below $5 per share (traditionally one dollar but defined as five by the SEC).
While the U.S. Markets are constantly a Roller Coaster of energetic fun, one Rule stays true.
Whether we be in a Bull Market, or a Bear Market, you must ALWAYS keep a level head. Emotions cloud your judgment, and reduce your profits!
By always having STRICT Trading Rules set in place, you are sure to do better than the average investor.
Stop Losses, Trailing Stop Losses; Limit Orders are just some of the practices used by pros that can help you maximize your profits, while greatly reducing your downside (Risk).
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