We all want to find hot penny stocks and investment that can turn our $.10 per share and $1 per share, with 100,000 shares, or whatever your actual numbers might be. But let’s face it, it’s not that easy to pick these. Some say there’s a better chance of profiting picking off the dart board than all the educated speculations. Others are more optimistic, and swear by software aided selection systems or obscure government filings to tip off some potential changes in the company.
If you are open minded, and are willing to study and research a investment strategy, I believe you can get the feel of how to do it, and consistently make the right moves versus the wrong moves. A big part of investing successfully is to not let your emotions get in the way, and to go with preset disciplines and principles.
I too, am weary of over-hyped promises out there for this system or that system, but at the end of the day, they all can provide some value. You simply have to find a investing system that your personality/emotions can handle, an one that works when you do it with good discipline.
For example, a super effective penny stock trading system that is fast paced and keeps you on the edge of your seats for the entire day, may not be the style for you if you are not into that adrenaline rush. As a matter of fact, you might make tons of mistakes you may never recover from.
On the other hand, a long-term, sure-bet investment that may take a year to profit may not be right for you, because your preference is fast paced, in and out investing style. You get the picture.
To find the best style or system for yourself, simply try out a few systems, and actually test them out during the trial period, and once you get the hang of them and pick one you like, return the ones you don’t like as most legitimate systems offer some kind of money back guarantee, so you can’t lose. Good luck and I hope to see you on the other side!
Another thing to take a look at is what type of penny stocks are currently hot. For the last couple years Marijuana stocks have been very hot. There were also times when Gold stock and Oil stock was very popular. Biotech stocks usually get popular during winter months. So always be ready to spot trends.