Discover How To Successfully Trade In Penny Stocks
Wouldn't it be nice to find top penny stocks and investments that will go from $.10 per share into $1 per share
. What if you had 1,000 shares? Can you hypothetically fathom 100,000 shares? Not a bad scenario to be in, huh?
Sadly, if this was so easy everyone would already be doing it, unless you're already good at this. Many have said there's a better chance of selecting stocks by throwing the dice than all the investment advice out there. Not everyone is negative, however, and may depend on secret softwares or unknown semi-secret tips to suggest foreseeable changes in a company which can possibly lead to going bull or bear at just the right times and possibly increase the profitability potential significantly and leading to sure stock bets.
If you are not stubborn, and are willing to learn about a particular investment strategy, the fact is that there's some truth to these systems, and it is quite likely for you to learn a good investment system, and regularly avoid the wrong moves. One of the most important things in trading stocks is to not let your emotions get in the way, and to go with strategies you've planned ahead of time that is statistically superior when it comes to profiting.
One thing to watch out for is overly-endorsed advertisements for some too good to be true penny stock trading system that promises to make you rich. But just to be fair, regardless if some of systems under-deliver mostly likely, they will give you certain advantages in trading you did not have before. Knowing this, what you need to do is to find an investment system which you are a comfortable with, and one that is proven to work over 55% of the time when you actually follow it carefully.
Basically, this is what I'm talking about. A statistically proven profitable trading system that is fast paced and keeps you on the edge of your seats for the entire day, may not be the ideal method for you if you are not into that adrenaline rush. As a matter of fact, you might make huge mistakes you may never recover from because you can't stick with the system.
On the flip side, a long-term, sure-bet investment that tend to take a long time to profit may be a bad match for you, because if your preference is fast paced actions, your boredom may kick in and will probably make mistakes because you will end up not following the long term strategies. You should know what I'm talking about at this point.
What can you do about this problem? Well, to find the trading method that will match your unique personality, you must check out some programs out there, and be sure to test it out with fake trading and be sure to keep a good record during the testing phase. When you know which one you like the best without either giving you too much stress or boredom, return the ones you don't like as most courses offer some kind of guarantee, so you can't lose! So, what are you waiting for? Stop wasting time and get to work!
by: Andy Chen
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