by 63 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 PennyStockProfit.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.
Contents at a Glance
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 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.
Reader Feedback
APS2009 wrote
Thanks for providing such a valuable information on the topic of interest. It is really wonderful to read.
Posted October 18, 2009
Bring_It wrote
Excellent lens.... got me thinking now and I'm going to go explore more. Be sure to keep us updated.
Posted October 13, 2009
xeroblade wrote
I Think that penny stocks have been getting a bum rap for years. Thanks for writing a interesting article about the subject. I wish you well in your future endeavors.
Posted October 11, 2009
vbchica14 wrote
Great article. I've been looking for more information about penny stocks, I will continue to check back at this site as a reference to all the great information.
Posted October 05, 2009
masterschwarz wrote
Penny stocks wow! I really never knew much about this before. I would like to learn more, but this was a great place to start.
Posted October 03, 2009
chefsheila wrote
This was new to me but I am glad that I heard about it. Thanks for opening my eyes to it
Posted October 03, 2009
maymalik wrote
Quite an interesting idea and informative too!!..Will surely prove to be useful...Thnx for again for sharing....
Posted October 01, 2009
eralper wrote
Thanks for the detailed explanation and sample calculations making it easier to understand how it works. To be safe in this market seems to be difficult.
Posted September 30, 2009
OneClickWorks wrote
Penny stocks have always interested me, Great article. I learned more about penny stocks than I knew before. The leverage part on penny stocks is extremely interesting.
Posted September 29, 2009
silverlining83 wrote
Great idea! I never would have thought of this. Will be looking into penny stocks for some extra cash now!
Posted September 27, 2009
ctnewton161 wrote
This lens is great for someone like me. I am a stay at home mom looking for a way to make ends meet a little easier. Ive been looking at investing but i was a lilttle nervous. Now im not so nervous investing small amounts, hay and it all adds up!! Thanks alot.
Posted September 26, 2009
tgirl26x wrote
Very informative lens. I have never invested myself, but this does give me some insite on how to invest a little smarter. Thanks!
Posted September 24, 2009
lulu009 wrote
Really interesting lens. This is one of those things that I'd always heard about, but never knew about. Now I feel like I know something about it and it is all thanks to you! I'll have to go do more research on it now and then have some fun with penny stocks!
Posted September 23, 2009
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
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
