by 35 people |
Penny Stock Trading
Everybody always seems to forget that the majority of the big name companies that are out there started off as small cap stocks (just another name for penny stocks). In this lens I will be showing where to find penny stocks and how to trade them successfully with less risk and much more leverage than you ever could by trading the same stocks that everybody else does.
I was so lucky to come across DoublingStocks.com. They are a newsletter service that provides trade recommendations on top penny stocks. If somebody told me a year ago that I would be making lots of money trading dirt cheap stocks, I would have thought they were absolutely crazy. It's funny how things change in just a year.
Here's my favorite link:
Making Money With Penny Stocks
I had been day trading stocks for about 10 years with moderate success. I was never going to be rich from it but it helped pay some of the bills. I always traded the blue chip stocks. They just seemed safer to me. I just felt content making an average of 5-6% a year. But it eventually dawned on me that I wasn't playing it safe. For that kind of return, I could have put my money in a mutual fund without me having to do any work. And who's to say that any of these blue chip stocks won't go under? Anybody, remember Enron?!?!
So for the little return I was getting, it really wasn't a good risk/reward ratio. When I realized this I said "Forget it. I'm putting my money in Mutual Funds and not dealing with this anymore." A couple of weeks passed and I was still researching what mutual funds to invest in. Then a friend of mine (a fellow trader) called me up and told me that he had been trading penny stocks for the past couple of months, and doing extremely well! He told me that he was using this service called Doubling Stocks that sent him signals on which penny stocks to buy. He could sense me rolling my eyes over the phone. He knows I am naturally pessimistic and I'm not particularly a big fan of signal services (because I've been burned before).
He kept on insisting on how incredibly accurate the signals have been. I said "fine, fine, whatever give me the link, and I'll take a look at it". I was really just brushing him off. I didn't even go to the website until about a week later.
When I went to the website, I got to admit I was impressed. I saw that it was only $47 a month, they also had a full refund, no questions, money back guarantee. I also saw that they posted a photo of his office (shown below) and where it's located at. They give you the full address, phone number, and help desk email, and they even said if you were in the area you could drop in and talk to them. I've never seen any of these "stock signal sites" show that much disclosure.
It got me thinking maybe this is legit. But then again, that's the entire point of having a sales page. The whole idea is to entice me to purchase their service. So, I called my friend I told him "ok, I'll make you a deal. If you are still profitable two months from now, I'll take the plunge with you'.
Cut to two months later, his return on investment doubled what it had the first 2 months. I told him "a deal is a deal" so I joined. I haven't looked back since. The only regret that I have is that I didn't start sooner.
What the service provides is an online stock trading newsletter giving you exact entries and exits to the best penny stocks. What's even more impressive is how fast the return on investment comes. I have had many trades that have gone up 50-100% just by holding the stock overnight. Think of how long it takes for regular, mid to large cap stocks to get a return of 50-100%. It's a pretty long time.
That's the HUGE advantage of trading penny stocks. You just can't beat that kind of leverage. It doesn't require that much money to trade them, but the sky is the limit when it comes to how much you can make. To give you an example:
Let's say you decided by some stock for $1000.00.
You can trade 50 shares of a stock that's sitting at $20.00 a share
Or
You can trade 5000 shares of a stock that's sitting at $.20 a share
To get a return on investment of 50% on the first stock, the stock price would have to go to $30.00 a share.
To get a return on investment of 50% on the second stock, the stock price would only have to go to $.30 a share.
Which one you think has higher chance of happening first?
To find out more about this great service, click here.
Reader Feedback
JoeyFrat wrote
Cool lens. I have always heard about penny stocks, but never really knew much about them. Thanks for the info! Have a good holiday.
Posted December 22, 2008
wrote
This is very interesting information on a subject that would never have occurred to me. I will surely visit the link you have provided and follow up further on this. Thank you! :)
Posted October 26, 2008
hbmarsh wrote
Especially in this current economy, this is a very reasurring article. I'm going to research penny stocks after reading this!
Posted October 25, 2008
spinner7575 wrote
I have never heard of them before, but I will give them a look after reading this. It could prove to be rather useful.
Posted October 24, 2008
JDWheeler wrote
Sounds very interesting. In these trying economic times, one must entertain all sorts of methods to generate some income. And if we look these methods are out there. Thanks for sharing this information.
Posted October 23, 2008
pdkamath wrote
Every great journey starts with first step only. Every major stocks of today are the neglected small caps of yesterday.Penny stocks are going to rock the stock markets.
Posted October 19, 2008
luvintkandtj wrote
I have always heard of penny stocks but never researched. I will get on it now.
Posted October 16, 2008
RickDavison wrote
I've heard about penny stocks, but haven't found any good source of information... until now. Thanks, this is great.
Posted October 14, 2008
adgordon3 wrote
I'd never heard of Penny stocks. Sounds like a good idea for someone like me who does not have a substantial amount of money to put into the stock market.
Posted October 14, 2008
bekyboo wrote
Wow, thanks for the information. I had no idea about penny stocks before today... especially with the stock market the way it is, this was quite fascinating. I've got a whole jar of pennies just sitting in my kitchen; I guess I have also found a good use for them! :) It is good to know that there are still people investing despite the times we live in. Thanks for the info!
Posted October 13, 2008
red_carpet2007 wrote
It is the good stock doubling service.I'm glad to read this article. it helps me to know about small investment like Penny Stock Trading. thanks
Posted October 03, 2008
GretaGarbo wrote
Diversification is the way to go - especially with the way the companies are crumbling and stumbling these days...
Excellent article, it has given me more food for thought!
Posted October 03, 2008
daffysnow wrote
I been on trading from the past 2 years and now of this tip I can go for more penny stock trading....and espically the vedio on the website that you have provided was good too..
Posted October 02, 2008
daffysnow wrote
the penny investement ideas are good and also the website prescribed....the agent was really helpful
Posted October 02, 2008
urbanaut wrote
This Lens has a great point. You don't make the consistent passive income you need by making one lucky stock pick like Amazon or Google, but rather by well diversifying yourself over a wide range of such things as penny stocks.
Posted October 01, 2008
rahulgupta11283 wrote
Penny stocks sound like a great idea and I'm glad you covered so much information on them here and it makes so much sense!! Great service and cool features :)
Posted September 16, 2008
ragow wrote
this is the good stock doubling service. many people would like to invest it. because its small investment. no one will suffer much even they getting loss i mean when we talk about practically. Nice work done by you.
Posted September 09, 2008
Randync wrote
Very interesting site. I had always heard of penny stocks, now I know a bit more about them. Nice work.
Posted August 04, 2008
cdbulloc wrote
Wow Penny stocks - seriously I had no idea! This is a great practical site with information that I can really use. Thanks!
Posted August 04, 2008
hisravynbeauty wrote
I've never heard of this. This is some terrific information and definitely worth looking into. Good job!
Posted July 28, 2008
gforceann wrote
this really a good article,, this article can help alot of people who thinking of starting it's own bussiness
Posted July 28, 2008
cangel wrote
This is a great way to help the little companies. It is about time we support smaller organizations that want to make an impact on the market. Too much attention is being given to the big companies. Thank you for your blog.
Posted July 24, 2008
newattitude wrote
What an interesting idea and it makes so much sense!! I wonder, does this works in markets outside the US?
Posted July 22, 2008
abbey ayoade wrote
i have just acquire a right to a column on financial management in one of the daily newspaper. i want to seek for some of the best stock advise duly written.
Posted July 21, 2008
melloje wrote
Penny stocks are amazing as I'm starting to find out. I also "played it safe" for the longest time, purely investing in mutual funds which gave me a sense of security. However, that can also hinder one's financial growth, because you never learn how to maximize the possibilities. And the investment is so minimal! Great article.
Posted July 15, 2008
mechanical2k8 wrote
This is a serious business, pretty cool way to make a lot of money with a lot of advantages :)
Posted July 15, 2008
mechanical2k8 wrote
pretty cool to make money fast and easy. Great service and cool features :)
Posted July 15, 2008
pamnert8 wrote
I am really looking into ivesting because with this economy tanking, I really need to make my money work for me. Penny stocks sound like a great idea and I'm glad you covered so much information on them here. Good job!
Posted July 15, 2008
Sweetmomu wrote
This is a very overlooked subject, and I'm glad that I found this article. I will definitely try out the Doubling Stocks service, since it seems I don't have that much to lose. Thanks!
Posted July 15, 2008
