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Penny Stock Prophet is easily one of the more popular penny stock specific stock pickers available to everyday traders looking to cut the nasty analytics aspect from their trading. If you are looking to make some money in the stock market without devoting the time or having the knowledge which professionals have and use, this is a good option for you. Penny Stock Prophet created an algorithm to analyze the penny stock market to identify what stocks were going to do. Then the program was used to identify what stocks were about to increase in value and about how high it would rise before it would start to fall in value. The system used the algorithm, instead of a stock broker, to become a millionaire using the predictions to successfully trade penny stock. The algorithms predictions were not dead on all the time, but enough that the Prophet was able to become a wealthy and successful penny stock trader.
The author’s name is James Connelly and he was a student at MIT (majoring in Applied Mathematics) where his main goal was to develop a formula to predict winning trades. In the beginning his focus was on "regular" stocks – the ones that cost like over $20 per share. He wasn’t too successful at that so he started focusing on trading penny stocks…that’s when he discovered this profitable formula (which is used to make picks in the newsletter)… The concept of Penny Stock Prophet is very simple. When you join him, you will receive daily stock alerts and updates on every stocks. Included in these alert are the discovered buy and sell points that the algorithms projected from each stock. Each member will know the right entry point to enter and to exit for maximum gains.
How Does Penny Stock Prophet Work? First the knowledge gained from the algorithm was shared with Penney Stock Prophet’s friends and family. The advice about the stocks was used to make money trading Penny Stocks. Then the Prophet started a newsletter, Penny Stock Prophet, where the information provided by the algorithm is offered in the form of stock recommendations. The Prophet’s stock recommendations provide the information about the stock, the best point to buy the stock and where it would be a good idea to sell. People receiving and using the daily stock alerts started making money. The system advice or stock recommendations have a proven track record of being accurate.
Is It worth Joining To Receive Stock Alerts? There is a one time cost to joining and receiving the stock alerts. There is a money back guaranty with the membership. If an individual using the information and stock tips has not made a profit more than the cost of the membership in eight weeks than the membership fee is one hundred percent refunded. That is a simple, straight forward and clear guaranty. Make a profit or don’t pay for the advice. They key here is that the information needs to be used. There is no point of joining unless there is the ability to buy Penny Stocks right away. If disposable cash is available to purchase Penny Stocks then there is a profit to be made. You will also discover and learn about setting limit orders, so that your orders will be automatically executed in your trading account. Doing this will save you from monitoring your trades from longer hours. You will learn how to put your trades completely on autopilot.
Created on Jun 2nd 2011 02:21. Viewed 1,356 times.