Thursday, January 7, 2010

Ever wondered which penny stocks to watch?

A lot boils down to how you trade. Some people prefer to locate penny stocks to watch that they can get in on quickly and get back out of with profit as fast as they can. This is not to say it is the best way to set out your trading pattern, but if it works don't break it and try to fix it.

You can use a stock screen to locate the penny stocks that meet the criteria you input into the software. There are free stock screens around, or you can pay extra money for a more sophisticated one.

Personally I like to find stocks that have predictable price pattern movements. If you do things right if you can predict the stock price movement you can buy or sell all week long making some good money from it. This is bit of a technical analysis aspect of trading though, fundamentals at the end of the day still reign supreme of course.

But if you're just locating Penny Stocks to Watch the Internet is a wealth of information. I would stray from people telling you this is the greatest stock in the world or about to, do your own independent research to confirm any suspicions that you may have and you'll do a lot better in the long run.

1 comment:

  1. Penny Stock Dream is not your usual penny stock picking website. We are a team of analysts and investors in the field of selecting penny stock picks. We have gotten used to seperating the ordinary from the extraordinary when it comes to the stock market, especially when it comes to researching and reviewing penny stocks trading on the OTC Market and Pink-Sheets exchanges.

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