Perhaps you\u2019ve heard the legend. Apple Inc. once traded as a penny stock. Yes, that Apple. The one behind the iMac, iPad, iTunes, iEverything; the Apple that currently has the largest market cap in the world. <\/p>\n\n\n\n
Taking stock splits into account, at one time you could have bought in for less than a dollar per share. That\u2019s right, if you were alive and a savvy investor in 1982, you could have bought shares in Apple for $0.23 each. Even as late as 2004 it was trading below a dollar.<\/p>\n\n\n\n
Had you bought even a modest position at either of those prices, you\u2019d now be a millionaire many times over. This is the allure of the penny stock. Find a dirt cheap up-and-comer and one day you\u2019ll be wealthy beyond your wildest dreams.<\/p>\n\n\n\n
Unfortunately, for every Apple Inc. there\u2019s a million penny stocks you\u2019ve never heard of because they didn\u2019t make it. <\/p>\n\n\n\n
As it turns out, Apples don\u2019t grow on trees. <\/p>\n\n\n\n
But the truth is that you don\u2019t have to find the next Apple to make money trading penny stocks. Although there is significant risk involved, trading penny stocks can prove quite profitable to knowledgable traders over the long run.<\/p>\n\n\n\n
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