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When you think of the stock market, you usually think of stocks like Microsoft, Google, or other big name stocks. But do you know that penny stocks can be one of the most profitable investments vehicles today?
Lots of people don't remember or just don't know that many of the well known and big namestocks began trading as penny stocks. In this article, I will show you how to trade nasdaq pennystocks. Remember, the penny stocks of today may become the big name stocks of tomorrow. And if you buy them as penny stocks, you might be able to ride their way upwards and make a lot of money on the way!
While searching online for stock related information, I came upon a website with the name of MicroCapMillionaires.com. Over time, this site proved to be well worth mytime and I visited it often. Basically, this site is a signal provider for stocks, focusing primarily on nasdaqpenny stocks.
I was trading stocks for six years before I found this site. I had only large cap stocks in my portfolio. I feltsecure investing in these big company stocks. My thinking was that if it's a large company, it probably has goodmanagement and will probably make money. If my investment returned 5% - 8% yearly, I was very happy indeed.
I later learned that kind of return was possible even with a mutual fund that was just doing okay. And even more,while reading all the stories of woe and mismanagement (hello ENRON) of the big bluechip companies, I was growing increasingly nervous. My sense of security in these big companies came slowlytumbling down.
Looking at my yearly income, I just wasn't getting the return on investment that I should have. Add to that thefeeling of insecurity in these big company stocks, my ratio of risk and reward was unbalanced.
About that time, a friend mentioned to me that I should check out Micro CapMillionaires. Being the skeptic that I am, I scoffed at the thought. I was not really looking atstock signals at that time.
But a while later, while I was surfing online for stock research, I checked out the site. I liked what I saw. I sawmany examples of trades that were done in the past. There was a wealth of information on the site, including lotsof videos.
I was also pleasantly surprised by the price; it was just $49.00 a month. To behonest, I checked out other sites like this one. Many of the other sites with similar signal services were waymore expensive.
I also liked the fact that there was a money back guarantee. Should I not be satisfied, I couldget a full refund of my money. Now that was something I liked; there was absolutely no risk on mypart. I figured that I'd try it for 2 full months. If I had not turned a profit by that time, I'lljust drop the whole thing, take my money back, and forget about it.
The signals that they sent gave me exact prices for entry and exit. I liked that. I'm human and of courseI made some trades that lost money, but that was quickly forgotten by the trades that were profitable. Some tradeswent up overnight more than 78%.
I learned that the big advantage in trading penny stocks is that there is a huge potential for the stock to riseexponentially. And you don't need to invest a lot of money to be successful.
Let's look at an example. Say that you have $1,000 to start with and you want to buy a blue chip stock that's$20.00 a share. You'll be able to get 50 shares at that price. But if you can buy a penny stock that goes for .20(that's 20 cents) a share, you get 5,000 shares.
So if you want to get an investment return of 50%, the price of the penny stock would need to rise to .30 (that's30 cents) while the blue chip stock would need to rise to $30.00. What do you think would rather happen?
I'm a big fan of penny stock trading now. The return on my investment is proof that I've made the rightchoice. To find out more about this great service, click here.
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