Should I buy many different penny stocks where I can more a fair amount or do I save up to buy 1 growth stock?

Penny wise, growth foolish?

Just to share some advise that really stuck with me:

"It doesn't matter if you own 1 share or 100 but it does matter if you're investing $100 or $10,000." and that a $10 stock doesn't double any faster than a $1,000 stock.

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Generally, everyone is looking for 'winners' but that would hardly involve picking up every penny stock, especially so if you have low capital to start with. Assuming you are investing for the long term; you should still strive to look for quality companies that have room to grow for years to come.

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That said, looking beyond penny stocks vs a single growth stock; are you comfortable with (short-term) volatility and your holdings in just one stock? If you're easily unnerved, would it make more sense to put your money into an ETF or just DCA into a few solid companies for diversification sake?

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Everyone's got their own preferences, risk-tolerance, and investing style, which may or may not suit you. You're doing the right thing in asking questions and finding answers.

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Invest & trading pennys are quite different I believe

Conventional thinking will tell you to diversify , do not buy penny stocks because they are risky. Risk is not about whether you buy Penny or blue chips , it is whether do you know what are you buying? Invest within your circle of competence and you will do well. I would prefer a focused portfolio. I got a few friends became millionaires because they were heavily invested in 1-2 counters such as Tesla, Nvidia in their very early days. They did their research and closely follow the development of the companies. In their case , conviction and patience played crucial roles in their success. Look at risk management at a holistic approach ( your emergency cash, job stability, insurance coverage etc ) not singularly whether the stock is priced at $1 or $100. Price is not an indicator of value or risk.