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Penny Stocks On Robinhood To Buy For Under $1; Are They Worth It?!

💰 If you’re looking for penny stocks to buy right now, you’ve got plenty of choices. By definition, I’m talking about stocks under $5 per share. Some traders will choose to buy penny stocks closer to the $5 mark, while others like to find more volatility in cheaper stocks. Now, there’s obviously more to it than price. But, in general, the lower the price, the higher the level of market fluctuation. This is what I mean by “volatility,” and it is something that has been the source of excitement for plenty of retail traders.

Some of the more popular groups of these retail traders are Robinhooders actively participating in discussions on places like Twitter and Reddit. Why Robinhood? It became one of the most popular trading platforms during the pandemic.

📈 If you look at some of the penny stock brokerage growth statistics from last year, you’ll see what I mean. Furthermore, in February, one of the co-founders of Robinhood told members of Congress that the platform had more than 13 million users. Another stat from JMP Securities estimated the amount closer to 23 million.

While the figures could have picked up as the boom in crypto put eyes on things like Dogecoin, the retail community has remained steadfast in its use of mobile-first trading platforms. One of the downsides of using them is that most restrict access to certain things. In particular, I’m talking about stocks trading on specific exchanges. With Robinhood and Webull, for the most part, traders aren’t able to buy penny stocks traded on the OTC.

🏹 Penny Stocks To Buy For Under $1 On Robinhood

In light of this, users are limited to trading Nasdaq and NYSE stocks. Since these exchanges uphold certain standards, including minimum price levels ($1), it’s difficult to find stocks to trade at lower levels. However, with this as the backdrop, it hasn’t prevented millions of users from trading cheap stocks on the app. In this article, we’ll talk about a few that actually can be bought for under $1 on Robinhood right now. Will the risk be worth it? That’s something I’ll leave up to you.

Click Here And Read The Full Article: Best Penny Stocks To Buy Under $1 On Robinhood Right Now?

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