Ghost Ship Penny Stocks Can Do More Harm Than Good
Clearly, penny stocks have gained a massive amount of interest this year. That was a continuation of what began last year. Millions of new traders were introduced to the markets while searching for ways of making money during the pandemic. It was really the ideal scenario: Many were laid off, furloughed, let go, or working remotely.
What can someone do from home that would allow them to make money and not risk contracting coronavirus? Well, you could start an online store, sell virtual services, or pick up a new skill like trading. If you check out the penny stock brokerage growth stats from 2020 we compiled, the first 9 months of the year saw a mass-entry into markets by novice investors.
This brought with it a broad mix of newbies, those who “tried the markets,” and others trying to hone their skills, shifting from long-term investor to active day trader. Nothing was wrong with any of this on the surface. But now, we’ve begun to see the pure madness that is the stock market under a regime of new traders...Continue Reading on PennyStocks.com
