10 Steps to Succeeding with Penny Stock Trading
Dear Penny Stock Millionaire,
What would you do with an extra five or six figures per year? Or $1 million or more?
Most people think I’ve made millions in penny stock trading because I covet the cash. That couldn’t be further from the truth.
Money is just numbers in a bank account or green slips of paper. What money represents, though, is freedom.
Pennystocking has allowed me to travel to more than 100 countries, meet thousands of interesting people, talk about my skills on television, help build schools in underprivileged countries, and buy what I want, when I want it.
It also gives me the freedom to work when I feel like it. If I’d rather jet off to the Bahamas, I’ll do that instead.
Two decades after I first started trading penny stocks, I’m more passionate about teaching than trading.
Don’t get me wrong — I still trade nearly every day.
But I do it just as much to demonstrate my trades for others as to pad my own bank account.
That’s why I’m sending you this guide to pennystocking for free. I want you to know the basics of pennystocking so you start pursuing your own dreams.
Maybe you want a huge house.
A fancy car.
Private school for the kids.
A chance to travel.
That second home by the beach.
Close your eyes for a second and visualize your dream — that one thing that will make you happy. See it? Now let’s figure out how to help you get it.
To date, I’ve made more than $4.7 million in profits from pennystocking and day trading, and I’ve dedicated my life to teaching other people how to take advantage of pennystocking.
That’s where this guide comes in.
Lots of people would charge big bucks for a huge guide like this, but I have another goal in mind.
Instead of shaking down people for cash, I’m going to lay out my detailed approach to pennystocking so you can take advantage of it, as well.
Make no mistake: This guide is long because pennystocking is a complex form of security. The next several issues will give you everything you need to know. So I urge you to stick with me.
While shares might be less expensive than the blue-chip stocks other people invest in, you can still lose money if you don’t educate yourself.
You’ve taken the first step by reading this guide, so I’m already impressed.
Most people don’t bother with research because they think the low barrier to entry means instant profits.
WIthout further ado, let’s dive into the world of pennystocking so you’re ready to tackle it head-on.
What Are Penny Stocks?
Penny stocks, also known as one-cent stocks, are common shares of small companies that trade at lower prices per share.
Despite the name, a stock is considered a penny stock if it’s valued at $5 or less per share.
The companies behind penny stocks are often unstable, new to their industries, or have low net worths. Many only sell a few products or services, and most don’t publish their financial records.
Those are just a few ways in which penny stocks differ from other types of stocks.
Because of their volatility, they also represent an amazing opportunity for people like you and me. The fast-moving stocks allow you to take day trading to a whole new level.
Instead of buying a stock when the market opens in the morning and selling shortly before it closes, your trades might last a few hours, a few minutes, or even just seconds.
See why I like pennystocking? It’s the most exciting form of day trading as far as I’m concerned, and once you get started, I think you’ll agree.
But isn’t volatility dangerous? you ask.
Of course. It’s extremely dangerous if you don’t know what you’re doing.
That’s why lots of newbies fail miserably — and it’s why I’m sharing my secrets for free.
I’m a low-risk kind of guy. I didn’t generate nearly $5 million via the stock market just to lose it all. I value my laptop lifestyle too much.
So I’m conservative with my trades and careful with my research. I’ll teach you how to do the same.
I’ve been trading penny stocks for more than 15 years, and in that time, I turned $12,415 of my bar mitzvah money into more than $4.2 million in trading profits.
I like to challenge myself, but I’ve already reached my goal of becoming a millionaire.
Now, I’ve turned my focus to teaching.
How to Invest in Penny Stocks
There are several ways to invest in penny stocks.
The most common strategy is to buy penny stocks based on your supposition that the stock price will rise, then sell those shares once they reach a desirable price.
That’s a huge oversimplification, but I’ll get into more detail later in this guide.
You can also short-sell penny stocks, which means that you believe a penny stock’s price will decline. You essentially borrow shares that you don’t already own, then sell them when the price drops.
Regardless of how you invest in penny stocks, though, the goal is always to generate a profit. The profits might be small, but they add up over time.
Who Is This Guide For?
Anyone who wants to make money in the stock market can benefit from this guide. Notice I used the word “can.”
Here’s the deal:
Many people — even those who read this entire guide — won’t follow my advice.
They might even make money in pennystocking with a totally different approach. That’s okay, too.
But those who do follow my advice will have more knowledge and strategies for their first forays into the stock market.
If you’re not willing to learn and study, you probably won’t enjoy much success. That’s the bottom line.
10 Steps That Every Penny Stock Trader Must Master
In the next several issues, I’ll cover the 10 essential competencies that you must possess in order to succeed with pennystocking.
- How to Trade Penny Stocks
- How to Develop Your Penny Stock Trading Mindset
- What Are the Most Common Investment Types?
- Important Terms that You Need to Know About Penny Stocks
- How Wall Street Works
- What Are the Key Technical Indicators?
- Key Penny Stock Chart Patterns
- The Best Penny Stock Chart Patterns
- How to Develop Your Own Penny Stock Trading Strategy
- What Do You Need to Succeed in the Penny Stock Market?
Tomorrow, we’ll dive into the first few steps.
So, stay tuned to continue your very own penny stock mastery.
Editor, Penny Stock Millionaires