Penny stocks are highly speculative and risky. The Security Exchange Commission SEC defines penny stocks as stocks trading under $5, however we include all stocks with a market capitalization of under two billion. Penny stocks are known to surge hundreds of percentage points in a few days, however the great majority of these stocks will end up back at zero in our lifetimes. The below link contains small cap stocks with a high probability of failure. We do not recommend investing in these penny stocks. If you want to test you trading skills, we recommend sticking to the same position sizing rule (as spelled out in our generic trade plan in our book, Creating Wealth While Serving Your Country, The Serviceman's Guide to Wealth Creation). We also recommend having stop-losses and targets for every trade to give you a higher success rate should you continue to search for that every elusive 1944 Silver Wheat Penny against recommendations.
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