Penny stocks are a type of low-priced stock that can be bought and sold on the stock market. They are typically issued by small companies and can be very volatile, meaning their prices can change drastically in a short period of time. Because of this volatility, penny stocks are considered to be a high-risk investment, but they can also be a potentially lucrative one.
There are a few things to keep in mind when buying penny stocks on E Trade. First, it is important to do your research and understand the company that you are investing in. Second, it is important to set a budget and stick to it. Third, it is important to be aware of the risks involved and to invest only what you can afford to lose.