Penny Stock Prophet – An Introduction

Posted on March 25, 2011 by Robert 4 Comments

Penny Stock Prophet is a penny stock alert service run by James Connelly. His method focuses on trading micro-cap stocks aka “penny stocks” in order to make big gains in a matter of days. Unlike other penny stock services, Connelly’s system identifies when picks are about to make a big move, often only 1 or 2 days before the move occurs.

Rapid Gains

The advantage of his service is you don’t have to wait months for a stock to develop like you do with most other penny stock recommendations. If you’re like us you may have had the painful experience of watching a stock slowly go down for months, hoping it will turn around. This does not happen with Penny Stock Prophet.

Thorough Analysis

James Connelly looks at 4 key indicators to determine his trades. He doesn’t recommend a trade every day, rather he “cherry picks” only the best trades in order to minimize risk for his subscribers. This is a huge advantage for anyone with a imited trading budget, since they won’t be overloaded with trading picks that they can’t take advantage of.

Proven Track Record

Connelly’s system works, as indicated by dozens and dozens of customer testimonials and positive reviews. One customer reported average gains of 60% per trade over a 12 month period. These numbers are impressive with any stock trading system, but especially powerful given the extremely short turnaround time for the trades. There are even a couple of videos posted where Connelly showed the current date, the pick he recommended, then showed the next trading day where his pick shot up 60%.

Best Penny Stocks System

Because of its impressive and consistent results, Penny Stock Prophet offers the best penny stock picks I have seen in any program. It gets my solid recommendation.

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Penny Stock Advice

Posted on March 21, 2011 by Robert 3 Comments

If you’re looking for quality penny stock advice you’ve come to the right place. I’ll provide free tips and principles to help you make money with penny stocks and reduce your risk. Read on to get started the right way.

Limit Your Risk

You definitely should not invest only in penny stocks. Even though they can produce great returns, the risk involved makes you vulnerable unless you have other strategies in place. If you want to be aggressive, I suggest setting aside 10-20% of your overall investment capital for penny stocks. Out of your penny stock fund, don’t put your whole account on one pick unless your balance is $1,000 or less. If you plan on doing long term trading with penny stocks then invest a smaller portion of your penny stock fund on each trade, such as 10 or 20%, to spread your risk across a handful of picks. Just make sure your trades are big enough so you don’t get hammered by broker commissions. Also use stop losses whenever possible (not available for pink sheets) or keep an eye on your trades daily.

Do Your Own Research

Even the best penny stock advice you should take with a grain of salt, since you should always know what you’re investing in as a matter of principle. This doesn’t have to take forever, and in the case of OTC pink sheet stocks you won’t even have access to financial statements. Just look at the long term trends and skim through the relevant news reports on Yahoo Finance. Use your own judgment to determine how much to invest in each pick or if you should invest at all. With experience you’ll naturally get better at this.

Find the Best Penny Stock Advisor

By far the best way to get started with penny stocks is to find a seasoned professional with a proven track record and follow his recommendations. Make sure you don’t just go with a slick sales page that has no actual proof of successful trades. Anyone can say they picked a successful stock after the fact, so find a penny stock advisor that has actually published stock picks and made money for his subscribers. James Connelly aka the “Penny Stock Prophet” has demonstrated a couple of successful penny stock picks on his website via before and after video, and there are plenty of testimonials as well. I’ve been following his picks for a while, and I’m currently waiting to see how his latest pick does. I’ll post a video shortly so stay tuned.

Click here to visit James Connelly’s official Penny Stock Prophet website

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How to Make Money with Penny Stock Prophet

Posted on February 19, 2011 by Robert 3 Comments

This short article will give you a few tips on trading responsibly with Penny
Stock Prophet. It’s all well and good when penny stock picks are winners, but
of course nothing works 100% so you need to be prepared to accept some
losses. Due to high volatility, proper money management is crucial when it
comes to penny stocks.

Don’t Bet with Money You Can’t Lose

The conservative way to buy penny stocks is to assume you might lose all
your money. This probably will never happen of course, but it’s something
you should keep in mind to protect you from the worst-case scenario. No one
wants to worry about paying the rent so don’t buy penny stocks with money
that needs to go somewhere else.

Don’t Bet more than 10% on a Single Trade

Whatever your investing capital is, never use more than 10% of it to buy any
single stock. The previous tip applies here; assuming you could lose all your
money on one penny stock, you don’t want more than 10% of your stock
trading account to go to any one place. Big money investors often diversify
their investments across 20 or more stocks in different sectors, that way
their account won’t be wiped out if a certain market experiences hardship.

Use a Stop Loss if Possible

You can usually place a stop loss when you buy a penny stock, unless it’s an
OTC pink sheet stock. The pink sheets are the super cheap penny stocks that
often trade for less than a penny per share. Aside from those, which you
should check on daily, place a stop loss on all your penny stocks like you
would for any normal stock. That way if the stock drops, say, 30%, your stop
loss will kick in and the stock will automatically be sold to protect you from
any further drops. Keep in mind, however, that you don’t want to place a stop
loss within the normal range of volatility that your particular stock has. You
definitely don’t want your stock to sell off at a low right before it bounces up!

Paper Trade

This is one of the best tips for new investors and probably the most neglected.
When trying a new stock trading strategy, always practice before you put real
money on the line. Write down the first few trades you would make and see
how they do. It’s easy to make mistakes when first starting out, so why let it
cost you money? Be patient to start with, then after you get a feel for the
method and see some patterns, start using real money with small amounts and
increase your wagers as your confidence rises. Being patient and methodical is
always better than going in guns blazing when it comes to penny stocks.

Click here to check out the Penny Stock Prophet website

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Can You Make Money with Penny Stocks?

Posted on February 16, 2011 by Robert 1 Comment

There are a lot of exaggerations going around when it comes to making money
with penny stocks. I’ve seen several websites claiming you can turn $100 into
$1 million in 60 days by making a perfect streak of winning trades over and
over, betting all of your money each time. This notion is laughable to say the
least, and implies a complete neglect for responsible money management. You
never, and I repeat, NEVER, bet all your money on a single stock, EVER.

Responsible Money Management

Unless you have the kind of cash to be a high-stakes gambler, you should always
have a long-term investment strategy. A key component of this is proper money
management to minimize your risk, since you will inevitably lose out on an
investment. Rather than hope for the impossible, it’s important to accept the
occasional loss and plan your investing accordingly. The main method of money
management is diversification. A stock trader will typically spread his account
across 10 or more stocks at any given time, and a sports better should never risk
more than 10% of his account on any one game.

Penny Stocks are Highly Volatile

Because of the volatile nature of penny stocks, you must be even more cautious
with your betting strategy. Never bet more than 5-10% of your stock trading
account on a single penny stock, and only bet these numbers if you have solid
information on the company and the relevant market trends. Because of the
volatility of penny stocks, you can make a lot of money in a short time with a
winning trade. The risk/reward is far greater than traditional stocks, on a similar
level as forex and options trading.

Find an Expert

Since there is a lot of risk involved, you need to find quality penny stock tips in
order to make trades. Most people don’t have the time or inclination to become a
stock trading expert, so the best solution is to follow the penny stock
recommendations of a seasoned professional.  If you find a good expert and follow
their advice to the letter, you can make a lot of money with penny stocks.

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Penny Stock Prophet Scam – Is it Legit?

Posted on February 10, 2011 by Robert 1 Comment

You’ve probably heard the bold claims made about these penny stock picks and
are wondering if it’s the real deal. We wanted to know too, so we did the hard
labor and dug up all the facts. We give you the low-down on this penny stock alert
service below.

Reputation?

The most important thing to consider when evaluating penny stock advice is the
reputation of the company and people behind it. With this in mind we looked into
the background of Penny Stock Prophet and its creator, James Connelly. It turns
out, James is a real person and his research company has no complaints or bad
reviews that we could find. A scammer always goes around changing their name
and making up fake companies or websites to rip people off, and shortly after they
disappear. PennyStockProphet.com has been around since January 19, 2008
according to archive.org, and 2+ years of history is a great sign.

Track Record?

The next thing to look for is proof of a successful track record. Even if a business is
reputable, it doesn’t mean it is successful. So we looked here next to evaluate if
Penny Stock Prophet is legit. There is a lot of evidence to indicate a solid track
record with this penny stock research. There are literally dozens of customer
testimonials on the website along with 2 proof videos showing before and after
stock prices when a recommendation was made. In each case, a gain of over 60%
was shown over a 1 or 2 day period. One customer reported averaging 60% gains
for an entire year! Needless to say this is compelling evidence in support of
Connelly’s system.

Money-Back Guarantee?

We always want to see a 100% money-back guarantee for any legitimate product or
service. Penny Stock Prophet did not disappoint since it offers a refund for a full 8
weeks. This is unusual for penny stock advice and is the icing on the cake for us.
The refund is also backed by an independent 3rd party (Clickbank) so you can go
straight to them for a refund if you like.

Conclusion: These Penny Stock Picks are NOT a Scam

We are always skeptical of new penny stock recommendations but are happy to
report that this system delivers the goods. Whether you are new to investing or a
seasoned pro, these hot penny stocks are just what you’re looking for.

Click here to check out the official Penny Stock Prophet website

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How to Find Hot Penny Stocks

Posted on February 8, 2011 by Robert 1 Comment

Are you looking to get started in the exciting world of penny stocks? There are a
lot of newsletters out there, so knowing what to look for is very important. You
should decide on one quality penny stock advisor to simplify your trading
schedule and minimize your risk.

Trading Performance

Obviously the most important factor is how good the penny stock picks are. The
best customer service can’t make up for a bad product. So do your homework
when evaluating a penny stock research company. Now anyone can post a bunch
of screen shots of stock prices jumps but that’s no proof they actually made the
trade. Screen shots of account balances don’t prove anything either since they
could have deposited all the money themselves. What you should look for is
legitimate proof of winning penny stock picks. This can be found in a live portfolio,
published stock pick history or screen capture videos showing the dates of real
profitable trades. You should also try to find evidence of long-term profitability.

Testimonials & Reviews

Any profitable penny stock advice should have a strong following of fans and lots
of testimonials to back it up. People are thrilled when something works and like to
spread the word, so if you get this impression when you read through the
testimonials, you can judge for yourself if it’s legit. If they seem like they were
written by the same guy then chances are they were made up. Trust your gut to
decide if the reviews and testimonials are genuine.

Guarantee / Risk Reversal

Lastly, a penny stock alert service should be backed up by a risk-free guarantee
ensuring that the customer can get a full refund if they don’t like the product. You
obviously can’t expect any stock trading service to be right 100% of the time, but
nevertheless there will always be people that don’t like a product or service and the
vendor should respect that fact.  

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