Investing in penny stocks is said to be one of the riskiest types of investments. So much so, in fact, that it is seen as akin to gambling. Be that as it may, you can win big with this kind of stocks. And this is also why there are now so many strategies, tools, and techniques that all promise to mitigate some of the risk. The simple fact is that penny stocks are dangerous. Unless you can accept the fact that you may lose everything that you have invested, you shouldn’t even look at them. On the other hand, if you are comfortable with that, then you should choose a strategy and stick with it, at least until you know whether it pays off for you or not. So what are some of those strategies?