subject: James Connelly Penny Stock Prophet - Penny Stock Prophet Review Scam [print this page] James Connelly Penny Stock Prophet - Penny Stock Prophet Review Scam
The Penny Stocks Prophet is a weekly newsletter, with tips for buying and selling penny stocks, and profit with this trades in the stock market.
Before we dig into this program, we need to be clear on what penny stocks really are. Penny stocks, or micro cap stocks, are stocks usually trading for a couple of cents. These stocks are far more volatile than the ones from larger and more established companies. This means that the price of the stocks may very well rise (... or fall) ten to thirty per cent within a day. Compare this to large companies that usually move within the range of one to 5 per cent, and I am sure that you are starting to see why this can be so profitable. Let me warn you though: this goes both ways, so do not trade penny stocks (or stocks in general for that matter) without a proper proven program or strategy strategy.
But how does the system pick winning stocks? Even more importantly: how can you be sure that the stock picks you get are not just bogus that someone just made up? Software like this is based on technical analysis. Historical volume and price data is combined with real time data, and out comes stock picks. Even in the stock market, history repeats itself. In fact the large trading houses use the very same methods when they decide where to invest their money.
I'm not going to lie to you. Penny Stocks Prophet won't make solely winning trades. No system, nor human, can do that. However, if you follow the stock picks, you will make money over time. When trading stocks, it is not your return that matters. It is your return relative to the market. In times of recession, you profits will be lower than in good times. What matters is the performance over time.
So if this is so simple, why are not more people doing it? Why would anyone have a day job, when they could just use this method? Well, the answer to this is simple: to succeed with this, you need persistence and a desire to make it. Even though it is a great tool, you still need to "pull the trigger" and execute the trades. It is the same as with any other trading strategy (or in other parts of life, for that matter). The number one reason why people fail to make money in the stock market is not because of knowledge (or the lack of it...). It is because they don't make rational decisions. They get emotional, and fall in love with stocks. Remember this, and you will be a successful trader.
All-in-all I am impressed with the performance of the program. I have traded stocks for several years. Both day trading and swing trading. Given the time it takes to use this system, which is not many minutes a day, I will definitely recommend it. It is an easy shortcut into the stock market.
