When it comes to finding a penny stock, one would like to have stock which has bottomed out and has a high profit potential; thus making it ripe for picking. These stocks are ready to explode anytime soon and can help the investor make a lot of money overnight. However, the key challenge is differentiating between the good and the bad. So I’ve mentioned the secret formula behind some of the successful traders who can buy and find cheap stocks which can deliver 3X returns.
You need to find an analytical stock picker for you who is focused on penny stocks and can find cheap stock opportunities for you. These cheap stock targeting programs do a behavioral comparison of cheap stocks to find overlaps and identify stocks which are performing well currently.
This system was traditionally used by professional traders to predict the behavior of the stock market. However, in recent times, some dropouts from MIT and former market analysts have developed this technology for predicting market behavior for regular consumers as well. These tips are essentially sold to these consumers at some fee.
In this methodology, quality stocks that have been performing well in the past are identified and behavioral overlaps between the contemporary well-performing stocks and these stocks are checked. This is the best possible program available as on date for predicting market trends and that is why this is a widely used methodology across the globe. Since it is extremely difficult to find the stock performance overlaps manually, hence there is this need of development of coded programs to predict the market trend.
When I subscribed to one such penny stock focused program, the first tip I received was for a stock valued at 15 cents per share. I decided to buy 1000 quantity of such cheap stock shares for a total value of $150. Even though I had a very limited experience in dealing with cheap stocks till now and at the time of closing of the market on my first trading day, the stock price went up to 31 cents. I was completely blown away on knowing this.
The next day, the rally in the stock price continued reaching a peak level of 41 cents per share post which it started coming down. However, by the time price fall started, I had already sold my shares and exited the stock completely to book a handsome triple times return on my first ever penny stock investment.
The best part of this entire experience was that I never had to do any sort of analysis before investing into this stock, as it was already done by the program developer. All I had to do is buy a cheap stock basis the program recommendation and just check its price value from time to time and sell them when I feel appropriate profits have been made.
So whenever you don’t have time to research for stocks or you are new to the penny stock market all you need to do is follow the stock tips of such program and enjoy your financial independence.