What You Need to Know About Buying Penny Stocks on August 18thĪfter a less than stellar day of trading on August 17th, there could be some deals to be snatched up today. With this in mind, here's what you need to know about trading penny stocks on August 18th. So, we can't expect the stock market to shoot up consistently everyday. Of course, all things that go up must come down. While these are nothing to write home about, they are worth considering for your strategy moving forward. After the market closed on August 17th, we saw stock futures remain mostly flat.ĭuring trading, the Dow and NASDAQ dropped by around 170 points and 1.25% respectively. Now, it is not easy to make money with penny stocks, but knowing what is going on in the stock market is crucial. With the five day winning streak in the stock market coming to an end, investors continue to look for the best penny stocks to buy. With this in mind, let's take a look at what happened in the stock market on August 17th. As you may know, the news is the largest impacting factor on why penny stocks move. Secondly, when looking for penny stocks to buy, it's important to find companies that have a good business model and are in the news. So, if you're going to invest in penny stocks, you need to be prepared for this volatility. Penny Stocks To Buy? 3 Under $0.99 For Your Watch List This means that stocks are going up and down in value very rapidly. For one, right now, there is a lot of volatility in the stock market. If you're looking for penny stocks to buy right now, there are a few things you should keep in mind. Claim your 1-week free trial to StreetInsider Premium here.ģ Cheap Penny Stocks to Watch in August 2022
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