Everyone would like to discover how to pick the best penny stocks, but not many people are willing to invest their time to learn. Trading penny stocks is pretty simple once you learn the process but it’s nearly impossible if you aren’t willing to learn a trading system and develop your trading plan. For the small amount of people that are actually serious about learning, their are significant opportunities which are not available anywhere else in life. Believe me when I tell you it is wonderful being able to work part time from home and earn a lot more income than a nine to fiver makers. It’s not uncommon for me to earn $5,000 in just one hour. You can spend more time with your wife or kids and you don’t have to wake up every morning at 5:00 AM to commute to your lousy full time job.
How Do You Do It
The hardest part about picking penny stocks is cutting down on your options.
The hardest part about picking penny stocks is cutting down on your options. There are approximately eight thousand OTC listed penny stocks, but you must ignore almost all of these if you want to find out about how to pick penny stocks correctly. There is no possible way to focus on a universe of stocks this large and you would never want to considering the fact that so many of these stocks barely budge. The big problem with penny stock is that most have little to no trading activity. For this reason you must make sure you avoid these lower volume penny stocks or you run the risk of losing big. Stocks with no volume can be manipulated quite easily to the upside or downside so you must be careful not to be tempted by these stocks no matter how good there “story” sounds. These entire penny stocks will seem like they are great companies with a lot of potential but under the surface they are either terrible companies or complete frauds. A great way of how to pick the best penny stocks is to not choose low volume penny stocks.
The Best Scanning Program Hands Down
Hands down the best way to start getting a hold of the best penny stocks to trade is by using and intraday scanning program. It is by far the best scanner for microcap stocks. It’s incredibly customizable and you will be able to locate every single stock the second it starts getting trading action. Having this ability can allow you to earn a lot of profits because you can get into stocks before the crowd realizes the stocks are moving and then you can be selling to the suckers that are late to the trade. I highly suggest you take a look at this software because although it isn’t free, the cost is well worth it and they offer a free 14 day trial. There’s no better service that will allow you to find out how to pick the best penny stocks.
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