A note about penny stocks.
Potential gains are a function of risk and probabilities. To get large gains you will have to sacrifice probabilities. Returns are directly related to risk. However the further you get away from 1-1 ratio the less the pot odds become. Means....if you risk 1 to make 1 your probabilities are usually wrapped around 50 (give or take) in a fair and efficient market. However when you risk 1 to make 100 the probabilities become highly inefficient and start to work against you. Means for example instead of winning 1 out of every 100 for a 100 return you might actually end up winning only 1 out of every 120 to make 100. Then stack on how inefficient penny stock markets can be it gets far worse....and then figure in the corruption that can happen in those markets then the little guy barely has a chance.