It took me a long while to figure out what I'm about to tell you - years in fact (you can read about my trading history to see where I'm coming from). I look back now and wonder how I didn't see what now seems so obvious to me. I wonder why I didn't figure it out sooner. I wonder why I used to make things so complicated. Well, hindsight is 20/20 of course - I can't erase all the time I wasted on tactics that didn't work well but I can help you avoid them and tell you a really easy technique I now use to make really good money with penny stocks and do so consistently.
What I discovered after years of researching and testing was I needed to keep things really simple. Instead of trying to constantly track down the real truth to every penny stock rumor I hear about - instead of constantly working to uncover pertinent information that isn't automatically published on promising penny stocks - instead of constantly charting things and looking for trends - I have found it much easier and far more profitable to simply buy penny stocks picks where all of this has already been done (and done better than I could have done it myself) and just trade these. This has to be the funnest way I have ever made money in my life. I get almost giddy when I make a nice profit from a penny stock where all I had to do was trade a pick sent to me via email.
Instead of spending more than 40 hours a week researching stocks (which I often used to do), I now spend something on the order of 1-2 hours a week - unless that is I want to do some research for fun. I do enjoy learning about up and coming technology and patents and such so I do still spend some time on that but I do so more as a hobby as it isn't really pertinent to how I make the most money.
If you can get the right source of penny stock picks - a source that you can really trust - that is literally all you have to do. The right source of picks is like someone handing you a pot of gold - you just have to go convert it to your favorite currency. Now, when I first started I received picks in the form of free newsletters (and other similar sources) all the time. The problem is that these free picks are of very poor quality and you really can't trust them. Even when they are not just plain wrong (many are), they are very often very old news. As you know, timing is essential when it comes to trading penny stocks. You really need to get in before the masses find out about it. A really good penny stocks pick service will send you the picks BEFORE everyone and their brother finds out about them. Another problem with the picks in free newsletters is that they are so often full of scams, both direct form the person sending you the newsletter and in maybe more cases people passing on scams they don't even really know are scams. Of course some scams will pay for ads, or even worse, endorsements in larger newsletters. This means of course you can never really trust the picks that come out of free newsletters, no matter how good they sound.
The way that I almost always find a new source of picks is by personal recommendation from another trader who has already been using that source. Then, once I sign up for the picks I test them myself. What I look for are picks that consistently make me a nice profit. I prefer a source of picks that produce a consistent nice profit to a source that provide picks that skyrocket one week and crash and burn the next. I want to make money consistently week after week, month after month, because this is how you really make money with penny stocks. Here's the best source of penny stock picks that I have found. In fact, they are far better than any other picks I've tested.
You really only need one good source of picks to start out and no more than a few even once you really get going. I would rather have one amazing source than several inconsistent sources that I can never fully trust and I'm always having to second guess (been down that road - it sucks!). I think you would be very happy with both the consistency and the average profit you'll make with the picks I linked above - check them for yourself. Good luck to you and remember that most penny stocks are NOT susceptible to the forces that are currently driving down the blue chips and mid caps - in fact, a smart penny stock researcher can use this to their advantage. Nathan, the main guy behind the pick service I'm recommending, is certainly capable of this.
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