How To Pick Penny Stocks - Penny Stock Prophet Review

Many traders aren't comfortable with analytics themselves

, so they turn to a program to pick penny stocks for them. One such program which exclusively targets cheap stocks is Penny Stock Prophet. If you want a program which only works to pick penny stocks so that you can trade ahead of the curve, consider this Penny Stock Prophet review.

It was difficult to decipher which reviews were credible and which were either selling it or selling something else, so once I heard about the 60 day money back guarantee that came with it, I decided to break down and try it for myself. This is my review of this program to pick penny stocks, Penny Stock Prophet.

The first thing to mention about this program is how it works to pick penny stocks. This program relies heavily on past market data or taking the full scope of the market into account every time it scours market data looking for profitable picks.

This is the same technique which is widely used in professional trading circles and houses because the market has a tendency of repeating itself and traveling in patterns every several years, so by looking at where it has gone, you can put together remarkably accurate depictions of how similarly behaving stocks will act in the future.

Once the program has found what it deems as being a profitable trade, it informs you so that you can trade accordingly, giving you information you need from the symbol to the time to trade.

This works very well with the fact that this program focuses entirely on penny stocks. These are the cheapest investments to be found in the market, and because of this it takes very little trading activity to affect their price and position.

As such, it is quite common to see a penny stock fluctuate violently in a short period of time. So if you can differentiate between a stocks which are set to go on profitable jumps from those which will lose value or remain static, hence using a program to pick penny stocks, you can make a great deal of money in a short period of time without needing the knowledge for analytical skills your self.

For example, the first pick generated for me when I got the system was valued at $.18 a share. I bought roughly 1000 shares of that stock via my online trade account. I checked back in on that stock's performance the next morning to find that it had jumped to $.38. At this point, as I've never experienced anything like that before, I began regularly checking in on that stock's performance with wide-eyes as it continued to grow.

It finally topped off momentarily at $.57 a share at which point I was satisfied and sold off, ultimately more than tripling my initial investment. I won't embellish or lie and say that every pick which it has generated for me since then has done that well, but out of the 18 the picks which it has generated for me and I've invested in in the months since I got it, I have made money on 17 of them, giving it a +90% winning rate.

by: Jonathan Langley

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