Penny Stock Prophet Review
I'm sure you've heard of Penny Stock Prophet already but just in case this is how this article is structured: I'll give you a quick overview of the newsletter and then we'll talk results... sound like a sweet deal?
Mmkay so the concept of Penny Stock Prophet is really, really simple. You get an email that quickly talks about recent picks and the results of those picks. Then right below those few paragraphs you'll get today's pick along with the appropriate buy and sell points and some info about the stock...
Buy point = the price point at which you should buy the stock. For example if it says buy at $0.65 and under... you would do exactly that. The lower the price you buy at, the better (I'm sure you didn't me to tell you that, hah).
Sell point = the price point at which you should sell the stock. For example if it says sell at $2.00 and up... you would do exactly that... but that "and up" part might trick people. Here's how you decide what to do in that situation...
If you value security more than risk you would sell as soon as it hits $2.00.
If, on the other hand, you're more driven by risk you would wait beyond that $2.00 and hope it keeps going up... and then sell when you're satisfied.
Both strategies have their pros and cons so it REALLY depends on the trader and their values. If you value security you'll hit that mark, sell and you'll make a gain... but you could potentially be missing out on some profit. If you value risk you could make a lot more profit but you're also open to the stock quickly falling and you not making a dime (or even losing money)...
So before you get Penny Stock Prophet I would make sure you understand what you value most: security or risk. That way you'll have no confidence or emotion problems when you're making the trades!
Alright, let's talk results. Had you started trading with James (the author/creator) 6 months ago with a small capital of $1,000 and made all of the trades sent... you would now have over $197,356 in your bank account. Now I know that seems like an impossibly high number so let's break the process down...
Every trade didn't make money, there were some losers. I just thought it was important to bring that into the conversation because look, no one's perfect. You take the loss and you quickly move on... if you get hung up on losses you're going to lose a lot more money. So how did that $1,000 still manage to turn into over $197,356? Two words: compounded growth.
Say you have that $1,000 right now and you followed the alerts you turned it into $1,500. Most casual investors will take that $500 they made and go spend it. THAT'S THE WORST THING YOU COULD DO! The smart thing to do - and the way you'll achieve those big numbers - is to reinvest the ENTIRE $1,500... because you can buy more stock, and therefore profit even more on the next trade.
So let's say you still have the $1,500, you reinvest it all and it turns into $2,000... now what do you do? You guessed it! Reinvest that $2,000 because suddenly what used to feel like a $500 gain can turn into $1,000+... you keep doing that and your capital starts getting bigger... and the bigger the capital, the more profit you can make per trade. It's like this unbelievable snowball effect.
That's how you achieve big numbers by starting with a small bit of capital... but unfortunately most people don't do that. Instead they make $1,000 profit and go spend it on a 42" LCD HDTV or something that's not going to make them money. Don't fall into the trap!
It should also be noted that Penny Stock Prophet comes with an 8 week (60 day) money back guarantee, so you can literally try it out for 59 days... and if you don't make at least the newsletter fee back you can easily get a refund. If you do start making money... well... keep buildin' that wealth baby!
You don't even have to risk any money during those 8 weeks... just look at the stocks James picks with something like Google Finance or Yahoo Finance and you'll see the result. So with that logic, it's literally risk free...
If you're interested in some more information about Penny Stock Prophet, you can get more here: http://www.pennystockprophet.net/
Mmkay so the concept of Penny Stock Prophet is really, really simple. You get an email that quickly talks about recent picks and the results of those picks. Then right below those few paragraphs you'll get today's pick along with the appropriate buy and sell points and some info about the stock...
Buy point = the price point at which you should buy the stock. For example if it says buy at $0.65 and under... you would do exactly that. The lower the price you buy at, the better (I'm sure you didn't me to tell you that, hah).
Sell point = the price point at which you should sell the stock. For example if it says sell at $2.00 and up... you would do exactly that... but that "and up" part might trick people. Here's how you decide what to do in that situation...
If you value security more than risk you would sell as soon as it hits $2.00.
If, on the other hand, you're more driven by risk you would wait beyond that $2.00 and hope it keeps going up... and then sell when you're satisfied.
Both strategies have their pros and cons so it REALLY depends on the trader and their values. If you value security you'll hit that mark, sell and you'll make a gain... but you could potentially be missing out on some profit. If you value risk you could make a lot more profit but you're also open to the stock quickly falling and you not making a dime (or even losing money)...
So before you get Penny Stock Prophet I would make sure you understand what you value most: security or risk. That way you'll have no confidence or emotion problems when you're making the trades!
Alright, let's talk results. Had you started trading with James (the author/creator) 6 months ago with a small capital of $1,000 and made all of the trades sent... you would now have over $197,356 in your bank account. Now I know that seems like an impossibly high number so let's break the process down...
Every trade didn't make money, there were some losers. I just thought it was important to bring that into the conversation because look, no one's perfect. You take the loss and you quickly move on... if you get hung up on losses you're going to lose a lot more money. So how did that $1,000 still manage to turn into over $197,356? Two words: compounded growth.
Say you have that $1,000 right now and you followed the alerts you turned it into $1,500. Most casual investors will take that $500 they made and go spend it. THAT'S THE WORST THING YOU COULD DO! The smart thing to do - and the way you'll achieve those big numbers - is to reinvest the ENTIRE $1,500... because you can buy more stock, and therefore profit even more on the next trade.
So let's say you still have the $1,500, you reinvest it all and it turns into $2,000... now what do you do? You guessed it! Reinvest that $2,000 because suddenly what used to feel like a $500 gain can turn into $1,000+... you keep doing that and your capital starts getting bigger... and the bigger the capital, the more profit you can make per trade. It's like this unbelievable snowball effect.
That's how you achieve big numbers by starting with a small bit of capital... but unfortunately most people don't do that. Instead they make $1,000 profit and go spend it on a 42" LCD HDTV or something that's not going to make them money. Don't fall into the trap!
It should also be noted that Penny Stock Prophet comes with an 8 week (60 day) money back guarantee, so you can literally try it out for 59 days... and if you don't make at least the newsletter fee back you can easily get a refund. If you do start making money... well... keep buildin' that wealth baby!
You don't even have to risk any money during those 8 weeks... just look at the stocks James picks with something like Google Finance or Yahoo Finance and you'll see the result. So with that logic, it's literally risk free...
If you're interested in some more information about Penny Stock Prophet, you can get more here: http://www.pennystockprophet.net/
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