10 Sure Fire Tips on How to select the Best Penny Stock Newsletter
So you want to make money by investing in stock market. If you are like want to make money from small caps and penny stocks , note that about 97% of investors that try Penny Stocks fail miserably.
Reasons for failures are bad advice, haphazard trading or incomplete research.
First let me clarify what's penny stock - My definition of a Penny Stock is any option that is traded for less than $2.
Why are Penny Stocks so appealing?
Penystocks are a vehicle to the potential of huge gains in short amounts of time. Blue Chips will never perform like the right Penny Stock. So this low value attracts the stock market investor. Penny Stocks are traded just like your bigger stocks or Blue Chips. You can really do on line trading for hot peny stocks.
You may be aware that a lot of Canadia Penny Stocks because there are definitely Hot Penny Stock Picks that you can only trade on CDNX- the Canadian Venture Exchange. Other markets that trade Penny Stocks are NASDAQ SmallCap, Pink Sheets (most widely known) and Over the Counter OTC.
Why Penny Stock Market are Volatile?
Becuase infomation on penny stocks are not easily available.
10 crucial things you should look for when choosing a Penny Stock Newsletter
1. Make sure that they Identify Picks that Can Be Traded on the CDNX. Many top penny stock picks can only be traded here.
2. Penny stock newsletter like "doubling stock" provider should provide prospective members with a list for the last years picks and the performance of each pick. Research some for yourself to make sure that the reports are genuine.
3. One of the surest ways to identify a Great Penny Stock Newsletter is the amount of info that they give you about the Pick including the numbers (profit & loss, Capital, etc.) management and information on the competition is imperative.
4. The Newsletter Owners/Moderators should have NO vested interest in any of the Penny Stocks that they Pick.
5. The Newsletter should offer comparisons on Brokers. Often times people that want to invest in Penny Stocks don't have a lot of start up capital to invest.
6. You should feel like you get a hand holding experience from beginning to end. Do they have a customer service department that can handle any questions that you may have? If they do, how fast can they respond?
7. You should get info of picks before the market opens.
8. All picks should mention limit orders to minimise your loss.
9. Find out if they keep a monitored portfolio or if they just analyze the stock long enough to tell you when to buy.
10. If they don't keep a monitored portfolio, then don't bother. This is so IMPORTANT. If they do not maintain a monitored portfolio, they Can Not tell you when to sell. And knowing when to SELL is Just as important as knowing when to BUY.
If you follow these 10 guidelines, you should be able to find a Newsletter on your own that will provide you with those Hot Penny Stock Picks that you are looking for.
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