Can you make money day trading penny stocks? another way to create wealth

Can you make money day trading penny stocks? I'm looking for another way to create wealth and I've noticed many investment bloggers doubling or even tripling their initial investment through penny stocks. I've even seen investors increase their money by 16 folds by holding penny stocks which eventually explode into dollar stocks. I want to devote 10% of my portfolio to penny stock day trading and wanted to know if you really can make money day trading penny stocks and if anyone here has done it already. I have been investing for a while but its mainly safe stocks that pay a dividend, nothing speculative. I have experience in understanding annual reports with PE Ratio, dividends, NAV, and PEG Ratio. I also have experience in technical indicators and chart patterns such as RSI, MACD and Stochastics. Is it possible to make money trading penny stocks using this experience and if so how much could I expect to make?

It is possible to make money from Penny Stocks. I have invested in Penny Stocks and lost nearly 70% on some of my investments. On other investments my money has gone up by 5000%. They key is to making money on Penny Stocks is analyzing the company in-depth to see if it has a future and anything in the pipeline that will force the stock to explode. If you have an eye for spotting talented companies with strong balance sheets you could make a lot of money. I know investors who double their money every year using Penny Stocks so you can make 100% a year if you know what you are doing. I suggest you start with a Demo account and follow other investors who make money and then learn off them. Hope this helps.