When we did a stock market game in high school, we weren't allowed to use penny stocks.
I was so excited to find stocks that were doubling or tripling daily, only to realize how worthless it'd be in real life.
If anyone out there is a trader that works with penny stocks, I'd love to hear your insight. Is it possible to "game the system" by working with just a few (10-100) shares, instead of large holdings?
The main issue with small odd lots of penny stocks is that you'd be killed by the commission costs. Most high school "stock market" simulations ignore transaction costs to keep things simple.
I was so excited to find stocks that were doubling or tripling daily, only to realize how worthless it'd be in real life.
If anyone out there is a trader that works with penny stocks, I'd love to hear your insight. Is it possible to "game the system" by working with just a few (10-100) shares, instead of large holdings?