Toby Litrell

The Best Stock Picking Program For Finding Great Cheap Stock Picks

This article is going to look at the best stock picking program which only targets penny stocks to find great cheap stock picks.

Stock picking programs today are incredibly effective at piecing together precise depictions of what to expect from certain stocks in the short term market.

Penny Stock Prophet is the great cheap stock picker which I'm referring to, partly because it has the distinction of being one of the sole penny stock specific pickers on the market and is adept at anticipating market behavior.

This is because it relies on a method known as stock behavioral comparison which works by finding tiny overlaps between stocks of the past and the present so you know exactly what to expect from a current stock based on how that first stock performed in the past. This is the exact same method used by professional trading houses because it's just very difficult to take the full range and scope of the market into account without the use of this sort of technology to find tiny overlaps here and there, regardless of how potentially profitable it is.

I like to reference my first great cheap stock pick because it's a good example of what you can expect from the program but also from great cheap stocks in general if you're unfamiliar with them. The first pick which I ever received was first valued at $.15 before the market opened Monday morning. This being my first pick, I decided to just test the waters with 1000 shares, or spending $150. After I placed the order that morning, I got on with my own day job and put it in the back of my mind for eight hours. Nothing could've prepared me for the appreciation that stock had gone on during the day when I came back to find it had climbed to $.31 over the course of one market day.

I was beside myself with excitement, that being my first great cheap stock pick and not having had a great deal of experience with cheap stocks up in to that point, so when the market opened the next day I began routinely checking in on its performance virtually every 20 to 30 minutes.

I watched as it climbed continuously up to $.48 a share, finally stalling here. I ultimately more than tripled my initial investment when I got out. The most important thing to take away from this review is that anyone can use this program to bring in reliable gains. All the analytical work is done for you so you don't have to do so much as lift a finger beyond investing. As analytics are easily the most time-consuming and difficult aspect of investing, a program like this is a major help for anyone without the time or experience perhaps to put towards it themselves.

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