Where To Find Penny Stocks – Penny Stock Trading

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 Penny Stock Prophet 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 $97 for a lifetime subscription. They also had a full refund, no questions, money back guarantee. I also saw that they posted a photo of the 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.