By Hector Breton
Learning which penny stocks to watch is not an easy task. However if you want to make lots of money trading penny stocks, to need to know which ones to watch.
I'm sure you've heard that penny stock trading is risky. Maybe your parents or a sibling or a friend lost money on a stock and as a result are convinced they must be avoided. In reality, if they had the information I have about what penny stocks to watch, they'd be singing a different tune.
Trading Penny Stocks - What to Avoid
Free stock picks are the worst. Never, ever use these no matter how tempting it is. Time and time again, people think they are being smart by getting free picks. Sadly, they find out the hard way that they get what they paid for.
Ask yourself, why would someone give away free information like this? They have a strong motive is why. Share prices can be manipulated by large buyers. Many companies will build list of people wanting to buy stocks. What they will do is slowly buy stock shares so they do no impact the share price. Once they have acquired a massive amount, they buy a huge amount of shares to cause the share volume to spike. The share price will start to go up. Then, they send an alert to their subscriber list. The share price shoots-up even further.
The poor individual that's receiving the free stock alert service buys a bunch of the shares. They just bought the stock at a peak in price. Now, the person that provides the stock alert has lots of buyers for his shares. Shares that just shot up in price. He sells them all. The stock then plummets. Not a pretty picture is it.
Penny stocks to Watch - The Right Way
If you've read any of my articles or have been on one of my blogs, you will know I love one specific thing. Testing out services and trading methods. No matter what, you must become a testing machine. It sounds so simple yet most people don't do it. They get excited about making fortunes and jump in. This is a major mistake.
Now, I'm going to sound a little paranoid however it's just a healthy dose to keep us from losing our hard earned money. Never believe a company's marketing material about their software, alert services, trading methods, courses, etc. What you need to do is find a trading method that sounds reasonable. Then, spend a lot of hours testing it out with a practice account that you do not use any money in.
It's a little shocking that people will just start trading without testing. Finding the best penny stocks to watch will be easy and very profitable when you do.
Hector Breton's passion is being a trader and discussing topics such a knowing what penny stocks to watch. Find out what he recommends as the only proven method to trade at http://www.pennystockslist.us.
I'm sure you've heard that penny stock trading is risky. Maybe your parents or a sibling or a friend lost money on a stock and as a result are convinced they must be avoided. In reality, if they had the information I have about what penny stocks to watch, they'd be singing a different tune.
Trading Penny Stocks - What to Avoid
Free stock picks are the worst. Never, ever use these no matter how tempting it is. Time and time again, people think they are being smart by getting free picks. Sadly, they find out the hard way that they get what they paid for.
Ask yourself, why would someone give away free information like this? They have a strong motive is why. Share prices can be manipulated by large buyers. Many companies will build list of people wanting to buy stocks. What they will do is slowly buy stock shares so they do no impact the share price. Once they have acquired a massive amount, they buy a huge amount of shares to cause the share volume to spike. The share price will start to go up. Then, they send an alert to their subscriber list. The share price shoots-up even further.
The poor individual that's receiving the free stock alert service buys a bunch of the shares. They just bought the stock at a peak in price. Now, the person that provides the stock alert has lots of buyers for his shares. Shares that just shot up in price. He sells them all. The stock then plummets. Not a pretty picture is it.
Penny stocks to Watch - The Right Way
If you've read any of my articles or have been on one of my blogs, you will know I love one specific thing. Testing out services and trading methods. No matter what, you must become a testing machine. It sounds so simple yet most people don't do it. They get excited about making fortunes and jump in. This is a major mistake.
Now, I'm going to sound a little paranoid however it's just a healthy dose to keep us from losing our hard earned money. Never believe a company's marketing material about their software, alert services, trading methods, courses, etc. What you need to do is find a trading method that sounds reasonable. Then, spend a lot of hours testing it out with a practice account that you do not use any money in.
It's a little shocking that people will just start trading without testing. Finding the best penny stocks to watch will be easy and very profitable when you do.
Hector Breton's passion is being a trader and discussing topics such a knowing what penny stocks to watch. Find out what he recommends as the only proven method to trade at http://www.pennystockslist.us.
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