I have been using the penny stock strategy software Penny Stock Prophet and investing in its picks for several months now, so here is my complete review.
It's essential to have a penny stock strategy to spot and corral the best of these cheap and volatile investments. Many traders use a penny stock strategy program to do their analytical work for them. Not every program is as good as the next, but in a world full of programs claiming to be the best, one stands head and shoulders above the rest.
What remains a mystery to many traders is how a penny stock strategy program like this works to find its picks and how traders use them. These programs typically work based on the same technology used by professional traders every day. More specifically they take the full scope of the market into account and find overlaps in stock behavior between the past and the present. Stock behavior is extremely specific and unique, so these overlaps tell you everything that you need to know and can expect from a current stock. Obviously it's difficult to detect these overlaps manually, hence the emphasis and reliance on this technology.
Most stock programs deliver their stock picks to you via email, detailing everything you need to know so that you can invest accordingly. Obviously with the analytical aspect of trading taken care of, you're free to trade more casually and in your spare time but without the experience.
The difference between Penny Stock Prophet and other stock programs is again that it exclusively targets cheap stocks and nothing else which is a major asset which it has considering that it's a completely different process analyzing quick moving, more volatile cheap stocks versus greater priced ones.
Take the first pick which I received from Penny Stock Prophet as an example. I received the pick late Sunday evening/early Monday morning. The stock was valued at 15 cents at the time of the pick when I received it. I invested accordingly the following morning when the market opened as that stock quickly jumped in value early in that morning, closing out at 31 cents when the market closed for more than doubling in value.
You've got to keep in mind that other traders are signed up for the program and receive the same emails and invest accordingly just the same. This explains a great deal of the quick/short term appreciations. On top of that, you've got outside investors not members of the penny stock strategy program but traders who take notice of the quick jump in that stock and invest accordingly, as well. This helped to rocket the value of that stock to just under half a dollar at 48 cents, or more than tripling in value in that short term of two market periods.
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