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By: Marvin Germo | July 21, 2019

Learn From Traders’ Mistakes

I have once believed that buying penny stocks, or those stocks that are below 1 peso, can make you an instant rich trader or investor. During my first years of trading, this is what I did—I bought cheap stocks hoping that after some decades, the value will go up but realized after some time that things don’t work that way especially in the stock market. If you really want to get rich, you have to build up your strategy when trading and investing. You have to rule out the idea that you should buy penny stocks. Here are some of the pieces of advice you can consider when dealing with cheap stocks in the market.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.

Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019

ICON Iloilo – August 17, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019

Don’t Buy It Just Because It’s Cheap

Never use cheap as a reason to buy stocks. Don’t start investing or trading using penny stocks because it’s not an effective strategy to grow your money. Instead, use fundamentals and technicals to support your buying, selling, and holding decisions. Guessing when the value will go up and down can’t get you through the challenges in the market. Speculation is not always the answer. You have to have a solid strategy that you can repeat over and over again no matter what the status of the market is.

If The Company Is Good, Go For It

There is always an exception to the rule. If you really want to buy cheap stocks, make sure that the company has good stocks that can give you good dividends. Ensure that good performance exist because this is going to be your proof that the stocks are worth it to buy. You have to study the company and create something you can use from throughout your journey as a trader and investor. Don’t put your money in an investment that will not bring you value. Buy valuable stocks and never stop learning from your experience.

Stocks Going Up Doesn’t Happen All The Time

The stock market doesn’t always favor penny stocks. This means that there is a slight chance that cheap stocks will go up and usually, they only become valuable when there is concrete evidence that the company is doing well. Cheap stocks will remain at its current value even after a decade. That’s one thing I learned throughout the years of trading. Increasing in value doesn’t happen all the time. Don’t waste your money. Instead, buy real stocks and focus on your trading plan so you can avoid regrets. Remember, cheap stocks will not make you rich. They will only exhaust your money.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book