You got it wrong folks , penny stock trading is very profitable , if you know when to get in and get out , same as directional trading of weekly options , with limited funds I'd say it is the best bet , but make sure you know your charts and volume , and you always dump before volume dries up.
What do we all have but "limited funds"? You are off your rocker. Penny stocks are the best bet with "limited funds"? Penny-stock trading is very profitable until it is not. I cannot imagine it being very profitable for long. Heck, I can form a company, list it on the pink sheets, then sell you my snake-oil. When you dump money into me, say 10K, I can fold and go, and resell the snake oil with another DBA.
Any type of trading can be profitable , but we are talking small accounts here , you better off losing 2k trading penny stocks and weekly options vs losing 25 k trading decent stocks , sure penny stocks are fraud , we all know that.
My first penny stock trade tripled my money in three days! First stock trade of my life. Another penny stock trade, the company went belly up and wiped out the position. Others have amazing narratives but I'd find myself stuck in positions not moving or frequently moving against me. The second and third happens way more frequently than the first. When capital is limited working with options on stronger underlying's was a better strategy for me. Understanding options, hats off to anybody who does. Condors, straddles and strangles were as far as I could get. Trying to document my trades in detail was very difficult.