Weekly Stocks
Weekly Stocks
My review of Penny Stock Prophet — Don’t buy it before you read this
There are several stock picking products out there, all claiming to “beat the market”. I have tried several, but never found a system that actually works. But, I recently came across a system called Penny Stock Prophet. What caught my attention was that this is not a “robot trading system”. You have execute the trades, but you will receive stock picks from James Connelly.
Before we dig into the fundamentals of this trading system, we need to be clear on what penny stocks really are – and what they’re not. Penny stocks, or micro cap stocks, are stocks usually trading in the range of a few cents. These stocks are far more volatile than the ones from larger and more established companies. The price of these e stocks may very well rise ten to thirty per cent during the day. Compare this to large companies, which are far less volatile, and I am sure that you are starting to see why this can be so profitable. Let me warn you though: this is a two-edged sword, so do not trade penny stocks (or stocks in general for that matter) without a proper proven program or strategy strategy. Volatility goes both ways.
But how does the system pick winning stocks? Even more importantly: how can you be sure that the stock picks you get are not just nonsense? The technical aspects of this system is in fact quite interesting. Price, volume, and other data from the past are gathered, then combined with real time stock data. This is called technical analysis, and it is the very same concept that many of the large trading houses take advantage of.
When you sign up for this program, you will receive weekly stock picks. All you need in addition to this program is an online stock broker (which you can get for free). In fact, you do not need any previous experience with stock trading. After all, you are not doing any analytical work, you only “pull the trigger”.
So if this is so simple, why are not more people doing it? Why would anyone have a day job, when they could just use this method? Well, the answer to this is simple: to succeed with this, you need persistence and a desire to make it. Even though it is a great tool, you still need to pay some attention to the market and execute the trades. There is no such thing as a free lunch. This is no execption. However, it is a great tool.
I have not spent a lot of time, nor money, and all-in-all I am impressed with the performance of the system. I am generally skeptical to these sort of things. During the time I have used it, I have spent far less time trading stocks than i normally do — and I’ve still managed to make some good money.
If you are interested in this system, I encourage you to check it out for yourself. After all, it comes with a 60 day money back guarantee — so if you’re not pleased with how the program works, you have not lost a penny. Click here Penny Stock Prophet to see for yourself, and remember to claim your free report while you are at it.
Sept 12, 2011 Weekly Singapore Stocks with Jonathan Tan
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