I have started dabbling a little in the stock market, mostly penny stocks.
I have subscribed to several stock pick newsletters that send you their stock picks and supposedly, if you purchase theses stocks as just the right time and sell at just the right time, you will make "mo' money".
Well, that seems all fine and dandy, but it doesn't work all that great if you ask me.
I have found however a system that does seem to have the potential to work.
You can start with $1,000 and by selling at a 6% gain and then re-investing again, including the profit you took.
It is possible to turn that original $1,000.
00 into $1,000,000.
00 in about 5 years.
You don't have to rely on getting your emailed newsletter at a particular time and then hope you can sell at a designated time.
You simply do your own homework and decide which stocks are best for the time to invest, short term, and then you make your purchase and sell with a profit of at least 6%.
You'll be looking at gains in short term trading, like day trading.
The profit will seem small at first, but over time your profits will grow larger and larger and this could be very profitable for you.
Don't put all your time and effort in to long term stock purchases.
Now is not the time for this kind of investing.
Look at all the losses that are being taken! What you need to do now is look for short term, fast profits, all though little, pennies do add up!