Day Trading Penny Stocks

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If faced with the decision to select an investment vehicle that is most often forgotten, I would have to choose penny stocks. Penny stocks simply don’t have the recognition that the larger stocks do in the media. Everyone is trying to go after the big name stocks like Google, missing the opportunity that penny stocks provide.

Many people overlook the fact that some of the largest stocks on the market today began as simple penny stocks. This fact alone is why this article is geared towwards how to find the hottest penny stocks available now.

It was purely accidental that I came across the website MicroCapMillionaires.com. It is a stock signal provider geared at addressing only the penny stock market.

I had been trading on my own for nearly six years before discovering this site. I stuck to investments that seemed safe, such as large cap stocks. I was lucky to generate a 5-8% profit in a year.

Reflecting on this, I realize now I could have gotten the same results, if not better, from a mediocre mutual fund.

Reflecting even more I realized that there was no reason to believe that a blue chip stock was safer than any other investment. Does the name Enron ring a bell?

My investment strategy was lacking. I was not seeing the rate of return I wanted and felt unrewarded for all my hard effort.

During an intense conversation, a friend of mine mentioned Micro Cap Millionaires. I was very skeptical, I had bad luck in the past with this sort of thing and I wasn’t readily willing to listen. My friend could sense I was not eager to discuss stock signals again.

Later that day I decided to visit the website anyways, and I was thoroughly impressed! It had videos to watch, past trade examples posted and was overfilled with relevant information. Even more unbelievable was the price, a mere $49 a month for the service, a great deal cheaper than any other signaling program I had seen.

The no questions asked, money back guarantee was an added bonus, if I didn’t like the service.

I decided with that guarantee offered I would give it a try. I set a goal for two months. I figured two months is an ample amount of time to start seeing a profit. If after that, I was not happy I would cancel the service.

The signals provided you with an exact entry and exit price on the stocks they choose. Day trading penny stocks could not have been made easier. I made a few bad trades; everyone does at some point when they are trading. But I also watched some of my stocks turn an 80% return, and a few times this happened by the next morning!

When are you ever going to see a blue chip stock provide an 80% return overnight? The answer to that is never.

This is why day trading penny stocks provides such an opportunity. You are not required to invest a lot to get started and the sky-is-the-limit when it comes to rate of return.

To explain how incredible day trading penny stocks really is, take for example a nice round sum of $1000. If you were going to purchase a large cap stock you may pay around $20 a share, giving you 50 total shares. However, purchasing a penny stock at 20cents per share will provide you with 5000 shares.

When the price of the stock rises will you make more on 50 shares or 5000? The chance of a penny stock providing a 50% return is much higher than a blue chip. With this in mind, which seems the better way to invest into your future?

To find out more about this great service, click here.