buy penny stocks the right way

Post on 15-Apr-2017

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Want to buy penny stocks the right way?Work on your patience and sharpen your focus.It takes a special kind of investor

to consistently make money in the market, no matter what kind of stocks

you’re trading.

The successful penny stock investor will enjoy more success with the right

combination of patience and courage. These are the two essential ingredients

of a great attitude.

Patience pays off. Take some time to get to know the company you’re looking at. Don’t accept what anybody has to say

about the penny stock without looking at the company for yourself.

You might see some things other people have missed. Or you might uncover a few embarrassing facts that other people, like

the pump and dump scam artists, actually don’t want you to see.

Patience is easy to talk about but it’s tough to demonstrate. All of us want to think we’re decisive. None of us want to

be viewed by others as indecisive and wishy-washy. But when you buy penny

stocks, the goal is to make money.

The way you’re perceived by others isn’t nearly as important. Focus on the trade. Recognize that you have a choice. You

can be decisive, or you can make money by being careful and cautious.

Can you have both? Sure, and here’s an example. Decide to be patient and not rush in enthusiastically every time you hear an exciting story. Stories are how the pump and dump scam artists make

money.

Even if you don’t consider yourself particularly creative, I bet you could put together a pretty convincing story about

virtually any penny stock you find. So instead of intoxicating stories, look for

solid opportunities.

But this kind of success takes focus. Let face it. None of us have time to do the

kind of extensive, in-depth research that would be 100% perfect. There’s simply

too much going on.

You might not think a bank would be a penny stock but you’d be surprised.

Want to find the kind of bank that gives you a good penny stock to buy? Head for

the suburbs of Philadelphia.

At Royal Bancshares of Pennsylvania Inc. $RBPAA assets are growing. So are loans. Bad loans are shrinking. And net

income is up. There’s nothing terribly exciting about Royal.

It’s a small, community bank with 13 branches and two loan offices. It’s been around since 1963. Last April, the stock traded at $3.50. In just a few months, it

lost more than half it’s value.

What makes Royal so interesting? The same thing that makes a select group of

other community bank penny stocks interesting. They can be very, very

profitable. Let me tell you why.

Let’s face it. These penny stocks are boring. They don’t give the pump and dump promoters exciting stories to tell

about changing the world. But buy one of these stocks below book value, hang onto it, and you can be sitting pretty.

Very pretty. The financial meltdown that hammered the big global banks...it didn’t

exactly bypass the small, community banks. The small banks were hit with new federal regulations which made

doing business tougher.

When you find a business category like this to focus on, you can start to rank the

players. You might even find a community bank penny stock you like

better than Royal Bancshares of Pennsylvania Inc.

If so, terrific. Because there are a lot of exciting opportunities for penny stock

traders in this category.Just keep in mind that the rising tide

doesn’t always lift all boats.

Look at the world of penny stocks through the prism of an industry

category and you’ll identify all sorts of interesting opportunities. Any categories

you’re fired up about?

Let me know.It would be great to hear from you. And if

you have a question about a stock or investment idea, shoot us an email. You

can also leave us a comment on the website.

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