subject: How to Triple Your Investments in the Stock Market Using Penny Stock Screeners [print this page] How to Triple Your Investments in the Stock Market Using Penny Stock Screeners
Many regular stock screeners make the most of fundamental criteria, although aspects of technical analysis may also be integrated to fine tune the screening process.
So how should these screeners be used? Let's have a look at the technical criteria that can be used in filtering the stocks that you want on your Watch List. You could start by trying to find trending stocks, or those that will break out above or through resistance levels. The criteria to use in your filtration in order to screen for these could include:
Stock trending up
Rising on unusual volume
Price crossed above resistance line
Price has touched support line (It is likely to climb again)
Price has reached new highs
Many of the fundamental screeners can be obtained free although if you want a real-time technical screener then you will likely have to pay a nominal fee. However, although it is normal for stock screeners to be predominantly one or the other, there are screeners available that can be used with both fundamental and technical criteria. This expands the type of screening available to you, and you should never buy a stock unless both the fundamental and technical criteria are both positive for the stock. You will achieve better results if you screen the stocks for both types of criteria, and for that you will need either a combined stock screener, or one of each type.
Stock screeners are essential for screening in today's markets because most professionals actually underperform the market due to human influences. A machine-based model can filter out human weakness, such as believing press forecasts, and produce better results assuming that the criteria, or variables uses, are those that affect the direction of stock prices in the future.
Given that is so, stock screeners are a must for the modern investment professional and novice alike.
For my money, literally, there is no better way to realize huge quick profits in the stock market than identifying a high probability penny stock and scooping up shares and shares of it. In today's stock market, investors rely on penny stock screeners to do just that because of its near perfect reliability and winning rate.
The greater market itself progresses in patterns which repeat themselves over and over again. Historically, our stock market has gone in and out of recessions and recoveries on average every seven years. This represents half of a cycle, and individual stocks in many ways behave in the same way.
This is why technology was implemented to be used by professional traders many years ago to take advantage of the reliability in a way of stock behavior. This technology which is now available to traders of all backgrounds and experience levels builds huge databases of well performing successful stock behavior of the past. It takes this database of information and applies it to real-time market behavior to find overlaps between the two which it can further investigate and eventually find a reliable trading opportunity out of.
The investor is then notified of where to invest, what to expect in terms of appreciation, and where they should think about setting their limits. This is the most reliable way to trade for most people in today's market because it takes emotions and every form of human error and judgment completely out of the equation.
