If you look at penny stocks and think “this sounds too good to be true,” you’re certainly not alone. Here’s the truth: just like any other type of trade, penny stocks come with their inherent risks. That said, the rewards can be great for those who are patient, open-minded and know what to look for. Penny stocks represent a totally legitimate means of trading as demonstrated by endless success stories out there; however, many naysayers dismiss such stocks due to a variety of pitfalls, distractions and missteps. But what sort of missteps are we talking about? For starters, keep our…