How To Make Money With Penny Stock
by Michael Shane
How To Make Money With Penny Stock
This is one the most frequent questions I am asked. And the easiest answer I have is follow someone who has already been successful.
I know this sounds obvious and like a cheap way to avoid the question but it is true. 99% of people who attempt to trade penny stocks on there own will fail. This isn't because they are a bad person or an unintelligent person, it is because penny stock investing is RISKY and VOLATILE, and requires hours and hours of time invested in understanding the market. With that said, penny stock investing is also VERY VERY Rewarding!
You can try to set out on your own and try to learn how to invest in penny stock, but most people will fail by approaching the market with one of the common investing strategies such as mechanical investing using market indicators, trend investing, or simple luck. Yes, believe it or not some people treat penny stock investments, and their hard earned money, as gambling and are just hoping for a little lady luck.
The best and easiest way to approach this market is to, well, follow someone who is already successful in it. And to determine who, out of the many so called "guru's" you should believe, I have developed a very good criteria that has been successful for me.
1) They should have a several year history, available for review, of beating the market.
Not just last month, or last year, but several years. This will show you that they are reliable and able to adapt to changing market conditions.
2) They should show you their losses as well as their gains.
If you find a so called investment guru who only talks about wins, run away as fast as you can because they are not legitimate and are a scam. No one, and I mean no one, invests without having an occasional loser.
3) They should allow you to try their recommendations for a trial period.
Not everyone's investment style is going to fit everyone else. When looking at a reputable investor, they should allow a trial period to see if you truly fit into the investment method that you are following. There is nothing worse then spending money on a newsletter and realizing that it's not for you and having no way to get your money back.
Follow these three criteria above and you will weed out 90% of the "investment guru's" out there. One that I highly recommend considering is Michael Cohen in DOUBLING STOCKS.
How To Make Money With Penny Stock
This is one the most frequent questions I am asked. And the easiest answer I have is follow someone who has already been successful.
I know this sounds obvious and like a cheap way to avoid the question but it is true. 99% of people who attempt to trade penny stocks on there own will fail. This isn't because they are a bad person or an unintelligent person, it is because penny stock investing is RISKY and VOLATILE, and requires hours and hours of time invested in understanding the market. With that said, penny stock investing is also VERY VERY Rewarding!
You can try to set out on your own and try to learn how to invest in penny stock, but most people will fail by approaching the market with one of the common investing strategies such as mechanical investing using market indicators, trend investing, or simple luck. Yes, believe it or not some people treat penny stock investments, and their hard earned money, as gambling and are just hoping for a little lady luck.
The best and easiest way to approach this market is to, well, follow someone who is already successful in it. And to determine who, out of the many so called "guru's" you should believe, I have developed a very good criteria that has been successful for me.
1) They should have a several year history, available for review, of beating the market.
Not just last month, or last year, but several years. This will show you that they are reliable and able to adapt to changing market conditions.
2) They should show you their losses as well as their gains.
If you find a so called investment guru who only talks about wins, run away as fast as you can because they are not legitimate and are a scam. No one, and I mean no one, invests without having an occasional loser.
3) They should allow you to try their recommendations for a trial period.
Not everyone's investment style is going to fit everyone else. When looking at a reputable investor, they should allow a trial period to see if you truly fit into the investment method that you are following. There is nothing worse then spending money on a newsletter and realizing that it's not for you and having no way to get your money back.
Follow these three criteria above and you will weed out 90% of the "investment guru's" out there. One that I highly recommend considering is Michael Cohen in DOUBLING STOCKS.
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