Here’s an eye-opening secret for everyone trying to find the “best penny stocks” on the Internet: Such a list does not exist!
If you find anyone claiming to provide a timely list of the best current stocks for free, they’re full of it. Stop hitting the search engines or message boards trying to find the ultimate list of penny stocks. Real penny stock lists are incredibly valuable and you will not find them for free online.
The Reality
It takes an immense amount of effort to unearth the hottest stocks before they spark and rise. It also requires resources and time that most people do not have the luxury to spare. Furthermore, it takes the kind of industry knowledge & wisdom which can only be developed & honed with years of experience doing real work in the field.
The potential isn’t hype. There truly is a ton of money to be made in these volatile investments, but you will only attain success in penny stock trading by knowing what to buy and when.
I would argue that the most important thing you can do to pick the best penny stocks is to work on getting leads from professionals, then look into and research those companies yourself.
This could be exhausting. In fact, it may very well be impossible to do alone. This is why in my Buying Penny Stocks post I describe why a subscription to a professional penny stock newsletter is an absolute must.
If you try to go it alone with this market because you think the best newsletters are a scam or something, prepare yourself for disappointment… and possibly serious financial consequences.
Find Good Penny Stocks With Due Diligence
So I will once again reiterate the main steps to success in this market:
- Truly study before you dive into it, and don’t just read websites and forums looking for recommendations. Buy a good book.
- Research and select a good professional penny stock newsletter. If you’ve got the funds, it might behoove you to join two, then just stay with the one that you like better. I can’t stress it enough: you must join some kind of newsletter to have any success finding the best penny stocks.
- Do not just blindly go with the picks or recommendations offered by any newsletter. No newsletter and no single entity or human being will always pick winners. Penny stock newsletters provide a required foundation and a necessary advanced step on the public, but you always need to do your own due diligence.
Penny Stock Software
As I’ve stated before, for those of you who are a little more technically savvy, some day trading software can help immensely as well. Please be forewarned, however, that most stock trading software — even really effective, top-of-the-line day trading software — does not feature the same sort of polish and fancy interfaces you’ve come to expect with Windows or Mac applications. They tend to be a bit more rudimentary and utilitarian.
I’ll discuss this more on my page dedicated to day trading software, but to obtain the best penny stocks from most of these applications requires a bit of technical savvy and patience. It just isn’t the same as operating a web browser.
So I hope this rude awakening on the reality of seeking the best penny stocks helps you to proceed with greater caution and wisdom. Thanks again for visiting Online Penny Stock Trading and I hope your visit was worth your while.