I haven't been personally involved in that little hobby since high school and shortly afterwards (long time ago). Typing:
into your favorite web-search engine will probably net you about 30,000,000 results. Here is just one of them, and I have only glanced at it (so you'll have to use your own judgment - but the same thing can be said about life in general 
) :
You'll be doing the work yourself on this one; stock brokers can't make enough money for it to be worth their while. Therefore, don't expect any friendly hand-holding, someone telling you about trends they've been noticing that might negatively-impact the purchase you are thinking of making, etc. Do NOT think of it like investing your money. Think of it as a hobby and don't spend more than your lunch money on it. That way, you can play the game and consider any losses to be just the cost of playing, like any hobby. If a company tanks - and that's how many of them end up being considered to be penny stocks in the first place, lol, but there's tanking and then there's bouncing off the bottom of the tank - and it means that your .000000000000{etc}1% stock ownership is now worth exactly nothing, your family won't starve because of it and you won't be looking around for an upper-story window to hurl yourself out of. If a company releases something that causes a minor increase in its stock price, you can smile and tell your friends that you own stock in a company that just jumped 20% (or 70%, or 315%) in value. If it happened to be one you had more than a couple bucks invested in, you could even have a little sell-off and... IDK, buy a Big Mac with the profit or something.
If the company consists of a couple misfits running a lab in their garage, and one of them notices that the sludge they've been unable to keep the industrial waste (that they're trying to develop a process of recycling) from turning into tastes like pizza and tests show that it's actually highly nutritious, well... that'll never happen.
Or at least the odds would be up there with learning that the process of flying actually does consist solely of falling and forgetting to hit the ground. But if it does happen, you can enjoy the thought of knowing that you had a piece of the company when it took off.
One thing to remeber, though: The people who play the penny stock market might be considered to be like senior citizens in that most of them probably manage to get through an average day without getting scammed by a con artist - but, nonetheless, a lot of the individuals in that group DO manage to end up losing their shirt whilst thinking they are actually going to profit. Don't let someone else's excitement cause you to become excited, even (perhaps especially) if the person claims to be the possessor of knowledge about "what's just about ready to happen."
And remember - lunch money!
Code:
penny stocksYou'll be doing the work yourself on this one; stock brokers can't make enough money for it to be worth their while. Therefore, don't expect any friendly hand-holding, someone telling you about trends they've been noticing that might negatively-impact the purchase you are thinking of making, etc. Do NOT think of it like investing your money. Think of it as a hobby and don't spend more than your lunch money on it. That way, you can play the game and consider any losses to be just the cost of playing, like any hobby. If a company tanks - and that's how many of them end up being considered to be penny stocks in the first place, lol, but there's tanking and then there's bouncing off the bottom of the tank - and it means that your .000000000000{etc}1% stock ownership is now worth exactly nothing, your family won't starve because of it and you won't be looking around for an upper-story window to hurl yourself out of. If a company releases something that causes a minor increase in its stock price, you can smile and tell your friends that you own stock in a company that just jumped 20% (or 70%, or 315%) in value. If it happened to be one you had more than a couple bucks invested in, you could even have a little sell-off and... IDK, buy a Big Mac with the profit or something.
If the company consists of a couple misfits running a lab in their garage, and one of them notices that the sludge they've been unable to keep the industrial waste (that they're trying to develop a process of recycling) from turning into tastes like pizza and tests show that it's actually highly nutritious, well... that'll never happen.
Or at least the odds would be up there with learning that the process of flying actually does consist solely of falling and forgetting to hit the ground. But if it does happen, you can enjoy the thought of knowing that you had a piece of the company when it took off.
One thing to remeber, though: The people who play the penny stock market might be considered to be like senior citizens in that most of them probably manage to get through an average day without getting scammed by a con artist - but, nonetheless, a lot of the individuals in that group DO manage to end up losing their shirt whilst thinking they are actually going to profit. Don't let someone else's excitement cause you to become excited, even (perhaps especially) if the person claims to be the possessor of knowledge about "what's just about ready to happen."
And remember - lunch money!
