How One College Dropout Turned $1K Into $1M In Just 1 Month With Penny Stocks?
Go to: Previous Article Next Article
Penny stocks get traded on the Pink Sheets and Over the Counter Bulletin Boards (OTCBB). This makes them risky as both the Pink Sheets as well as the OTCBB are not regulated as much as the regular stock exchanges like the NYSE. Due to this reason many investors don't take penny stocks seriously. There is another problem with penny stocks, many of them have an illiquid market.
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.
What James Connelly discovered was that Psychological Support Level (PSL) is the key variable that can determine whether the stock is killer or not. James Connelly is also known as the Stock Prophet!
Article Source: Articlelogy.com
- Credit Cards A big selection of Cards in all flavors: Bad Credit Cards, Secured Cards, Prepaid Cards, Canada Cards, Low Interest Cards -
Word Count: 310
Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis
