Advisory Services That Can Provide You With Stock Picks That Are Good Penny Stocks
If you are totally new to stock trading, I urge you to read my earlier posts first. If you already have some experience, then read on. I really would advise you to keep reading, but if you want to immediately find out which advisory service I am recommending then click here.
I have been a stock market trader for some time now. Although, I am very experienced with respect to trading stocks, I had never ventured into the area of penny stocks, except
Imperial Resources Inc. (IPRC)
by accident. By that I mean I would sometimes buy a low-priced stock when I stumbled across it when surfing the web, but I wasn’t specifically looking for low priced stocks. These two charts are charts of two penny stocks that I came across. By the way a penny stock is officially described as any stock trading at $5 or less.
CrowdGather Inc. (CRWG)
You will notice that there is a spike in each of these two charts. One of these I caught and made a profit on (CRWG); I didn’t do so well on the other one.
As I said, I have been stock trading for some time now. However, I don’t have the time or the expertise to do the research that is required to decide which stocks to buy, so I use stock trading advisory services. The way I look at it is that the subscription fee is money well spent, if the stock tips I am paying for make me money.
Fairly recently, I became more interested in trading penny shares. That’s when I decided to do a little research in order to find a really good penny stock advisor I could subscribe to, one who knows the best stocks to buy and who would give me good penny stock picks. I looked at several advisory services and finally decided on Nathan Gold’s Penny Stock Egghead service. Nathan Gold is a widely recognized expert in knowing how to buy penny stocks and pick good penny stocks. I think you might find the rest of my post interesting, but if you would like to check out Nathan Gold’s web site now, then click here.
What appealed to me straight away about Nathan Gold’s web site was that it didn’t promise me the moon. I found other penny stock advisory services claiming, for instance, that I could turn $1,000 into a million dollars in, say, thirty-eight trades. Well, I thought, I would have to be very lucky and have all thirty-eight trades be winning trades. I know from experience that this is virtually impossible. One of the drawbacks of any service is that some of its stock picks will be losers. What I wanted was a “guru” who would give me a larger percentage of winners over losers.
The other thing that really sparked my interest is that Nathan Gold has looked at the spikes shown on the stock charts of top penny stocks (just like the ones in the two charts shown above) and has discovered that, although these spikes might appear to be completely random, they are not. His research revealed that about 70% of the time these spikes are the result of promotions by the company. He has developed a method to find out which penny stocks to buy because they are about to rise in price because of such promotions. Aha, I thought, if I knew when these stocks are going to spike up, that would be very advantageous to put it mildly!
So, being impressed with Nathan Gold’s web site, I signed up for Penny Stock Egghead. I felt that there was no risk for me in this because there is a sixty-day money back guarantee. If I was unhappy with the service I could get my money back.
After I became a subscriber, I received at least one penny stock investment pick every Thursday or Friday. (This way I had plenty of time to do some research, if I so chose, before the market opened on Monday.). I would usually “google” around to see what might be out there in cyberspace. What I like a lot is that each pick is contained in a newsletter and is accompanied by a detailed explanation of why I should consider buying the stock.
The first pick I received was a stock for Inca Designs, Inc. (stock market symbol IDGI). The stock was recommended because IDGI’s swimsuits had just been featured in Sports Illustrated Swimsuit Edition. Well, that made sense to me, so I immediately bought 11,700 shares at $0.0085 per share (cost $99.45). Three trading days later the stock was trading at $0.014 per share so I sold my shares and made a profit of $64.35 or 64.7%.
Since that first trade I have doubled my initial online brokerage account from $2,000 to $4,000 in a little over six weeks. Not bad! Not of all of Nathan’s stock tips have worked out but the percentage of winners to losers is very high. I feel confident that my advisor has given me an edge in penny stock investing.
If you would like to check out Nathan Gold’s web site, then click here.
Also I have learned from experience that, because any type of stock trading involves risk, I must practice sound money management. By that I mean, I am starting small. Now that I have begun to make money, I will increase the size of my trades. I try to be disciplined and not let my emotions control my penny stock trading. I will NEVER look at a penny stock and think this stock is bound to double in price – I’ll bet the house on it! I know from past experience, that this is the quickest way to go broke!
I know that penny stocks are volatile – they go up and down a lot. This is why I needed someone who is an expert in the field to spend his time doing research to find the best penny stocks on my behalf. More really good penny stocks are out there waiting for me!
I will end by wishing you all the best and much prosperity in your trading endeavors.
