There are actually 2 real keys to creating a very high profit with penny stock picks:
1. Receiving the right information2. Having that information at the right time
In this article, I'm going to explain exactly ways to find a great origin for highly profitable penny stock picks - and how to avoid picks that only waste your time and efforts and money.
Keep in mind that only 1-3% off penny stocks are highly valuable and among these, you have to know exactly when to make trades them in order to make a nice profit.
Other the other hand, if you can purchase a good source with the 1-3%, it is like selecting a really lucrative oil properly that never dries in place. These exceptional penny stocks are usually more profitable than any other stocks you could trade.
So, you're not just in need of ANY source of penny stock picks - you are looking for a source that will send you THESE TOP 1-3% - also, you want them to send them to you at precisely enough time they are poised to make a very significant jump in price over the short term - and before everyone else discovers them and you forget getting in low.
First, let me list for you 4 tell-tale signs on the penny stock picks service that's definitely NOT going to send these 1-3% for a consistent basis (people you should avoid right off the bat):
1. They offer to send you many picks2. They only send picks in the pink sheets3. They discuss sending you picks "to short"several. They offer the picks for nothing
Okay, now let me explain a tad further.
If they offer to send you many picks, you will immediately know these are not truly researched exceptionally good picks because there does exist only a limited amount of penny stocks in the superior 1-3% exceptional category at any time. If they are offering to send that you a pick a day or several picks 7 days, I would advise you to pass on that company. You want a service that is going to be VERY selective and send you only the best of the greatest and that usually means a maximum of about one pick per week (or even a smaller amount frequently). As a general rule, I don't even bother testing a service that sends more than one a week.
If the service just sends picks that trade to the pink sheets - BE WARY. This is a huge red flag. It is very likely a vehicle to pass along pump and dump hoaxes of worthless stocks. Never buy picks but not follow picks from everyone who sends all (and even mostly) stocks trading over the pink sheets.
Anytime you observe someone talking about "shorting" penny stocks, this is code for intentionally in need of artifically inflated stocks as a result of pump and dump scams and trying to profit from this by shorting them. First, this is highly deceitful. Second, it is very simple to get "caught" in such a game and lose your entire investment. Now, some believe they are getting what they deserve in the but I happen to learn that honest people often fall for these designs too so please be careful. I would advise and avoid all services which are pushing thinking about "shorting penny stocks. "
Acceptable, for the fourth issue, I apologize in advance because I'm probably about to burst your bubble. However, in the end I do believe you will thank everyone because this is really the most important thing you need to know to find really profitable picks.
Here's the "bad" (actually very good) news: In that penny stock world, free picks are worthless.
To emphasize this point:
"free" = BAD
Your old adage, "you get that which you pay for, " is more true with penny stocks than with practically other subject I can imagine. If someone actually has valuable picks according to really good research, this represents a lot of time, energy, and highly specialized knowledge. In fact, the knowledge required to fully evaluate a penny stock is actually much higher than for other stocks. Consequently, these picks are TRULY valuable and no one might give them away for nothing. Now, occasionally (and even this can be a rare exception) I have seen some of the best pickers give some of their total good picks away AFTER IT'S TOO LATE to get in just to demonstrate how good their picks are (plus they and their subscribers have already locked in their gain).
Bottom line, If you need to highly profitable picks delivered to you in a timely way on an ongoing basis, you are sure to need to pay for them. Not to worry nevertheless. You can purchase extremely good picks at relatively low prices with a few sources.
Okay, well then, i'll summarize. Now that you know you need to look at paid pick services to find the really profitable ones, that narrows it down quite a bit immediately. Next make sure the are not promising to send you many picks (as they will be essentially worthless) and they are not talking about shorting stocks. Once you buy that picks, don't trust them at all if they are all coming from the red sheets (occasionally you will have a good pink sheet pick but it is much more rare than homeowners who trade OTC or relating to the big boards). Finally, be sure you test them a little while (paper trade) before you decide to actually lay down any actual money so you can fully evaluate how absolutely consistent and how profitable the picks are going to be. One final piece of advice: if you discover a really good pick company, stick with that company! It is much more profitable to have one really good service than several mediocre services.
iAutoblog the premier autoblogger software
No comments:
Post a Comment