Sep 10
7
Who is The Penny Stock “Prophet” and Is It Legit?
I recently heard about the Penny Stock Prophet and am going to look into it a little further. It seems everyone knows someone that’s made a fortune trading penny stocks. It also seems to play on peoples greed for the fast buck, you know the get rich quick scheme.
Anyone that’s been around the stock market, trading actively knows there is no get rich quick scheme of any kind. It requires hard work, dedication, countless hours pouring over charts and requires a certain level of skill in reading the charts.
Now if you have the time to develop a search program dedicated to finding breakout penny stocks and have tested and back tested it, it’s very possible to make a lot of money.
Just as possible to lose a lot of money! But if you don’t have the time and want to participate in the penny stock market finding a good adviser is the only alternative.
The Penny Stock “Prophet“ is a stock picking service that claims to identify undervalued penny stocks and predicts gains. James Connelly was a 19 Year Old College Student When He Stumbled Across The Secret To Making An Absolute Fortune in the Stock Market.
Connelly Eventually Earned the Nickname, “The Penny Stock Prophet” After His Uncanny Ability to Pick the “Breakout” Penny Stocks Just Days Before They Experienced Record Gains!
There is several “Proof Videos” on the website that shows a stock before it gets e-mailed to subscribers and then again a day after it was e-mailed with the results. Looking at the video is impressive when you realize the percent change from day to day you can see on some of these penny stocks.
Ultimately, trading breakout penny stocks is tricky to say the least, but for the nimble trader there is opportunity for large percentage gains.
Keep in mind a $1.00 stock can move to $1.50 for a 50% gain in a day on a take over rumor in a couple chat rooms, but it can also go from $1.00 to $0.50 in a day on a bad rumor for a 50% loss.
As you know, having a plan or some rules to abide by is more important then anything else. Placing limit orders with your broker and good till cancel (GDC) orders to get you out of a position if the stock spikes up quickly.
A good idea for newer traders is to call your broker and have them walk you through different types of orders to get into a penny stock with limit orders and how to set limit sell orders to get out. Placing stop orders can help protect from stocks going the other way.
It’s up to you to succeed, learn from others and gain the knowledge to trade penny stocks. Read everything on the “Prophet” website including the disclaimer and if still interested there is a free offer to take advantage of.
Is the service a scam? I don’t see it, if it is indeed a scam. Is it for the novice trader? I wouldn’t recommend it for a novice unless they take the steps talked about. My advice is to be a bit skeptical about anything to do with trading stocks that is “Secret”!
If you love the thrill of big gains fast, have some experience and don’t have the time to do the countless hours of research, why not use a stock picking service? Most have trial periods to take advantage of and I would recommend doing just that.
Using his strategy the penny stock “Prophet” has brought along a lot of subscribers with his unique ability to pick penny stocks just before they breakout.
The Penny Stock “Prophet” trial offer is 2 FREE stock picks as well as their exclusive E-Book Absolutely FREE. It will give you a look at what the service is all about, seems fair to me.
Click Here to sign up for a FREE 2 Stock trial offer.
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