Penny stocks can be an option for investment for those who do not have a lot of money to invest in the stock market but wants to try investing in low value stocks. However, investing can be risky because whales are notorious for pumping and dumping penny stocks which cause small investors to lose money. A better alternative is to find investment platforms where instead of buying share units, you can invest in the fraction of share. For instance, instead of buying Tesla share, you can invest $20 in tesla stocks. You also need to find good quality companies whose shares are underperforming but have the chance of appreciating later