In today’s tough economy, many people are searching for various ways to make money. The stock market has always been a great way to make money; however, you generally need to have a lot money to get started. Most people simply do not have the disposable income to spend on purchasing blue chip (high value) stocks. If you have a limited amount of disposable income, you should consider trading penny stocks.
What are penny stocks?
Penny stocks are common shares of small public companies that trade at less than $5.00 per share. They are highly volatile stocks that can make or lose a lot of money in a very short period of time. If you find the right hot penny stocks at the perfect time, you could stand to make a ton of money. However, if you purchase the wrong stock at the wrong time, you can lose 100% of your money in a matter of hours!
The key to finding hot penny stocks is to do long and thorough research. You need to know the fundamentals of the company and the volatility of the market. This can be a very difficult task for even a seasoned trading veteran let alone a newbie.
This is why penny stock newsletters and alerts were created. These newsletters have done all the hard research for you. All you should do is some follow up research and set up your trades.
By far, the best penny stock newsletter on the market today is Penny Stock Prophet by James Connelly. It is moderately priced ($97 one-time fee) and has a very high success rate.
Who is James Connelly?
James Connelly studied Applied Mathematics at MIT and started trading stocks while still in college. He initially started with stocks that were priced over $20, but quickly lost a lot of money. He then decided to take a look at penny stocks. He created a profitable formula and was able to turn his $1000 initial investment into $1.4 million in 13 months. This formula is exactly what he uses in the stocks he picks for Penny Stock Prophet.
What is Penny Stock Prophet?
Penny Stock Prophet is NOT a trading robot. It is a penny stock newsletter that Connelly sends to his list of subscribers and it includes a list of hot penny stocks to invest in. These stocks have been thoroughly researched and evaluated and as a subscriber to his mailing list, you will be given the exact price point to BOTH buy and sell each stock.
Since penny stocks are extremely volatile and susceptible to outside influences, they can fluctuate up and down very rapidly and with little notice. If you decide to join his service, I recommend you do not immediately purchase the first few stocks he recommends. You should evaluate how the stocks performs. This will give you a better idea of where to set a comfortable stop loss order.
Keep in mind, you should NEVER invest any money you cannot stand to lose. Do NOT risk your rent money on these stocks. Even though you can sometimes double and triple your investment in a very short period of time, you can also lose 100% of your money even faster.
Is Penny Stock Prophet A Scam?
Penny Stock Prophet is not a scam. Today, people are too quick to call things scams. Penny Stock Prophet is a penny stock newsletter that gives you its picks on hot penny stocks. Sometimes they are good and sometimes they are bad. Nothing is perfect. This is not a crystal ball or magic. It is simply humans doing research and making educated guesses.
The one potential issue with this penny stock newsletter is the possibility that the newsletter owner, James Connelly, is manipulating the stocks he picks by telling his subscribers to buy them at one price when in fact he’s already purchased the stock and potentially makes money when his subscribers drive up the price making purchases.
I cannot confirm nor deny this accusation; however, that would be a very risky way to scam people. There is NO guarantee that the stock prices will rise once the hot penny stock has been given to the list. Besides, there are much simpler and easier ways to scam people on the internet. I simply cannot put any merit behind this accusation.
My Penny Stock Prophet Review
I personally believe that Penny Stock Prophet is a legitimate penny stock newsletter. People are making money with the hot penny stock picks it provides. Unlike other penny stock newsletters, James is only charging a ONE-TIME fee. Many other reputable penny stock newsletters charge a recurring monthly subscription.
The hot penny stocks that Penny Stock Prophet provides have been well researched and make many people a lot of money. I’m not saying the picks are perfect; however, an overwhelming majority of the picks given to the list are very hot penny stocks and should make you money.
If you are interested in trading penny stocks, then I highly recommend you get signed up on James Connelly’s Penny Stock Prophet newsletter.
At this time, this product has less than a 1% refund rate. That means 99 out of every 100 people find value in this Penny Stock Prophet.
