What are the best penny stock books available for you to read up on how to trade penny stocks effectively? This is a good question. To be honest there are not a large number of good penny stock books available for you to purchase. For some reason, although there is a large audience for such a book, very few have ventured to write on the subject. Nevertheless, below you will find a few books that may be of help to you in your quest to learn to trade penny stocks effectively.
The first part of this post will contain a few books that I believe are helpful and the second part of the post will contain books that I think you should avoid.
Let’s get to the books that are helpful for increasing your skill as a penny stock investor. The first is a book by George Angell called Small Stocks for Big Profits. Although small stocks don’t necessarily refer to only penny stocks (less than $5 in share price) the valuation principles that he teaches are easily applicable to penny stocks. You can learn a lot from this book. He discusses both fundamental analysis and technical analysis. I think the book sells for about $33 through Amazon. You can follow the link on the book title to read more about it.
Another helpful book is entitled Forty Years a Speculator by Fred Carach. You will find this book to be quite an intriguing read. The author discusses his move from a conservative blue chip investor to what is perceived to be the high stakes world of penny stock trading. Specifically, he made his money in Canadian penny stock mining companies. I recommend that you at least read this book. Last time I checked it was $17 at Amazon. You can follow the book link to take you there.
Another book that you may want to consider is The Little Black Book of Microcap Investing by Dan Holtzclaw. Mr. Holtzclaw has also written other penny stock books. I don’t believe it is a tremendous book but it is a good primer on penny stock investing. However, the book is outrageously priced. If you can find it in your library then give it a read. If you can’t don’t waste your money on it.
Now on to the penny stock books that I recommend that you avoid.
The first book is written by a guy that also sells an internet product called Penny Stocks Revealed or something to that effect. This was a penny stock course that I was unimpressed with. It gives you are a good understanding of the penny stock market but not much beyond that. If you are hoping to learn penny stock strategies then you will be disappointed. The physical book that he has written is a book that is called The Guide for Penny Stock Investing. It is written by Donny Lowy. Apparently, Mr. Lowy wrote this book prior to the age of spell check. When there are numerous misspelled words in a book I have a hard time trusting the rest of it. I have not found the book to be all that helpful. I find that many of these books are big on general information and not too big on providing specifics.
A gentleman by the name of R. Max Bowser has written a few penny stock books. The first is called Making Dollars with Pennies and the another is Penny Stock Winners. I own Penny Stock Winners and it is an absolutely worthless book. It was not money well spent. The book is basically a promotional tool for his penny stock newsletter or penny stock picking service. I have not read the other book but I can’t believe it is anything different. Maybe I am wrong but if I were you I would save your money and look for something with a little more substance.
Another book is the Penny Stock Millionaire by Dominic Giangregorio. This is another self published book that is devoid of any real information. The examples that he uses for making good penny stock trades comes from 1999 – 2000 when a money could have throw a dart at a dart board of low price securities and still have been successful. Once again, hold on to your dollars. It is nearly Christmas. Go by someone you love something worthwhile instead.
Understanding Penny Stocks by Peter Leeds and Stacey Kohan is another book I would avoid. Peter Leeds also sells a penny stock service. I don’t know much about his service other than you will easily find about him if you Google his name. I have not seen his program so I cannot comment on it. The book, however, is nothing special. However, you can find it on Amazon for about $5. If you have ever thought about spending money on his course, you might want to spend a few bucks on his book to see if you think it would be worth it. In my mind, it would not be.
A while back I started writing a penny stock trading book. I only got about 50 pages or so into it. I will begin to post what I have written to this point on this website. I will then try to find time to finish it. I don’t know when that will be however.
Well, it may not have been everything you were hoping for when you set out to find the best penny stock books but frankly there is not a lot of quality material out there.
