Summary: First a warning. This the second part of a two part interview, so before listening to this one, be sure to listen to episode 120. In Part 1 our guest, Janice Shell, sat us down for a story about one of the biggest penny stock scams in the past couple decades. It was truly a fascinating story that would make a great Hollywood movie; however, in this episode we move into more practical areas of the penny stock market. Janice and I talk about penny stock shorting, dumb excuses, and some tips that any newer trader who wants to get involved in penny stocks should understand and implement. If you are interested in trading penny stocks, then I'm not exaggerating when I say this is an interview you NEED to listen to. Buckle up for some very practical advice! Listen to Part 1 of this podcast: https://claytrader.com/podcast/episode120/ Notes: Janice discusses the unfortunate myth in the penny stock world that the market makers are the evil people who short and kill penny stocks when in reality, a market maker is generally a computer that makes money on the spread of the trades. Quotes: Market makers make money on the spread. On penny stocks, the spread is huge. People are conditioned to believe MM’s are evil. Investing is not a team sport. Do not get involved with teams. Penny stocks are not investment quality.
