Story Of A College Dropout Who Turned $1K Into $1M With Penny Stocks In Just 1 Month!
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).
No doubt penny stocks are risky. So are ordinary stocks or for that matter all types of investments. But as a prudent investor, you should only invest that money in penny stocks that you can afford to lose. One way to invest in penny stocks is to only start with $200 and then slowly grow that amount into $1,000. Then turn that $1,000 into $10,000. Then that $10,000 into $100,000. You got the picture. This is the best way to invest in penny stocks. This way, you don't lose your money.
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%.
As a student, James Connelly majored in mathematics with primary focus on finding winning stocks. He was convinced that he could find a statistical formula that could predict winning stocks. He spent months researching trading patterns, volume and resistance levels to find the secret recipe that would predict winners.
These two secret variable depend on the PSL (Psychological Support LeveL), a variable that is already known to most of the stock investors. James Connelly is also known as the Stock Prophet. What you can do is to subscribe to his Penny Stock Newsletter!
Article Source: FxTradingStock.com
About the Author
Mr. Ahmad Hassam has done Masters from Harvard University. Read this FREE Penny Stock Trading Report by James Connelly that shows how to find killer penny stocks on the verge of a breakout. Watch this weird 30 minutes Stock Trading Nitty Gritty Video just now!
by: Ahmad Hassam
Total views: 22
Word Count: 314
Date: Tue, 21 Sep 2010
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