Many people don’t take penny stocks seriously. Penny stocks are those stocks that are normally trading for less than $5 per share. Most of these stocks get traded on the Over the Counter Bulletin Board (OTCBB) and the Pink Sheets. Regulation on OTCBB is not as strict as that on a regular stock exchanges like the New York Stock Exchange (NYSE) .
This makes penny stock trading a bit risky. So invest only that money that you can afford to lose. The best way is to only start with something like $200 and grow that amount into a big sum overtime. What this means is that you are not going to add any more amount to that $200 and let it grow ovetime with a series of well planned trades. This way, you will never lose more than $200 of your hard earned money in this venture .
This is the story of James Connelly, an Ivy League statistical genius and how he hit upon a secret mathematical formula that would tell him when a penny stock was on the verge of a breakout and about to make a big move in the market. He started with only $1K and in just 38 trades turned that amount into $1M in 1 month. His average return per trade was 20% . Read this FREE report that shows how James Connelly finds killer Penny Stock! Watch this weird 30 minutes Stock Trading nitty gritty video! Meet Edward Burke, the winner of CNBC Million Dollar Portfolio Challenge and discover his Stock Picking Secrets!
You might want to know something about that statistical formula that was so successful in turning $1K into $1M in just 1 month trading penny stocks. Now, James major research was finding winning stocks. So he spend a lot of time researching volume, resistance, trading patterns and stuff like that that could be used to make predictions about winner stocks .
What James Connelly discovered was that Psychological Support Level (PSL) is the key variable that can determine whether the stock is killer or not. James Connelly is also known as the Stock Prophet !
