I should point out that, when people say stay away from penny stocks, they are telling you to keep the money you can’t afford to lose out, not the money you can afford to play with and you should have some money that you can have fun with and not worry about whether you lose it or not. It’s all part of the fun of investing to be able to hit that one stock where you made ten or twenty times what you invested in it and when you have lost everything you put into it.
I should point out that, when people say stay away from penny stocks, they are telling you to keep the money you can’t afford to lose out, not the money you can afford to play with and you should have some money that you can have fun with and not worry about whether you lose it or not. It’s all part of the fun of investing to be able to hit that one stock where you made ten or twenty times what you invested in it and when you have lost everything you put into it.
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I completely agree. If the OP is looking for a fun little hobby then he can jump in with money set aside specifically for fun/entertainment and trade away. It beats hitting an innocent little ball with a stick in a big hay field, er... course, that is, trying to make it go into a hole. But that’s just me.