Penny Stock Picks That Make Big Gains
In February Money Philosophy decided to get back into the stock picking game after having been out of it for a few years. Money Philosophy was immediately drawn to stocks like GM & C which had taken a huge hit since the markets fell through the floor in September of 2008. These stocks looked like they were rebounding and he was thrilled about the possibility that they may eventually reach their old peaks.
His C and GM picks were very successful and that got him into looking for other stocks similar to them. He ended up coming across a couple of penny stocks, LJPC and CTIC, that looked like they may break through in a similar way. These stocks looked like bigger risks but they also appeared to have even greater potential for reward.
That ended up being correct as both CTIC and LJPC ended up being big winners.
He decided that he may actually be onto something with the way he was choosing these stock picks so he decided to try and create a stock screen screen which would find more stocks like them right at the moment before they were about to have big gains.
The reason I’m writing this blog post today is because his first stock buy with this new screen reached a high 20% above it’s open today and that certainly impressed me. Obviously my imagination is off and running with the big gains I could make by following his picks.
Now obviously I don’t expect every stock pick he makes to have big gains. That’s impossible. It’s also important to remember that a gain isn’t “official” until you sell the stock. Making the decision of when to get out is equally as important as deciding when to get in. The cool thing is that he also makes a post on his blog (and on Twitter) when he gets out.
He doesn’t share the precise way he screens for these penny stocks as I guess he’s a little too selfish to share all of his trading secrets but he shares much more than most do.
He’s clear that he is definitely not giving investment advice never giving investment advice. And that’s an important thing to note. You should always do some of your own investigating before buying stock.
While it’s tempting to download The Day Trading Robot or The Forex Funnel, I really think you will have better results just by doing what this guy is doing. And the really great thing is that it’s free.
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Tags: Investing, Making Money, Penny Stocks, Personal Finances, stocks, trading
