How To Pick Penny Stocks To Triple Your Investments
Penny or cheap stocks in the market are incredibly volatile
, leaving them open to violent up or downswings. Good cheap picks can make you a great deal money as a result, so here is a brief guide devoted to teaching anyone how to pick penny stocks the right way to make a huge and quick killing in the market.For all this, penny stocks are easily some of the best investments to be found in the market, that is if you can find the ones which are set to go on profitable trends and differentiate them from the rest. Here is how to pick penny stocks.
The best way for how to pick penny stocks is to use an analytical program which is specifically designed to target penny stocks. There are a number of programs which target these stocks specifically and do all the analytical work for you so that all you've got to do is enact the trade.
How these programs work is that they first scour the market, looking for profitable trading opportunities. They identify what is profitable and can find which stocks are set to go on profitable trends by comparing real time market data to the past. This is how to pick penny stocks and is incidentally how the major trading houses work to identify profitable trends and is effective because the market progresses and patterns which repeat themselves every several years.
By identifying similarities between the past and present and from this they can put together remarkably accurate depictions of where the market is set to go next and how certain stocks which show these patterns will act so that you can trade accordingly.
For example, with one penny stock picking program in particular which I've been using for a while, the first trade generated for me was for a stock worth $.18 a share. I bought a thousand shares or so for around $180 via my online trading account.
I checked back in on that stock shortly thereafter find that it had jumped over the course of a day to $.38 a share. From this point I continued to compulsively check on that stock on and off as it continued to climb. It finally topped off at $.57 a share at which point I went short and got out, more than tripling my initial investment.
If you want to know how to pick penny stocks, you can do no better than using (an effective) stock picking program. They do all of the analytical work on your behalf so all you've got to do is enact the recommended trade, making it ideal for less experienced and more casual traders.
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