Penny stocks are the sole focus for many day traders. This must makes sense because these stocks go for cheaper to begin with, so it is much easier to directly affect the price of a penny stock than it is a greater and more established and priced stock. If you can differentiate between the good and the bad, you can make a great deal of money on the best cheap stocks now.
One new technology in particular has been putting first time traders on the same level as those who have done it for years when comes to find the best cheap stocks now, so here’s what you need to know triple your investment in a short term.
What I am talking about is analytical stock software which exclusively targets the best cheap stocks now in current market data. Programs like Day Trading Robot and Penny Stock Prophet exclusively target cheap stocks now and anticipate exactly how those stocks are set to perform by using methods which are exactly similar to those used by professional traders and the major trading houses.
These programs use a method known as behavioral comparison which essentially compares specific stocks to one another and looks for behavioral overlaps between the past and the present. Stock behavior is very specific, so if you can find a current stock which is beginning to exhibit behavior similar to a well performing stock of the past, then you more than know exactly how that current stock is set to act so that you can act accordingly on it.
I did make mention of tripling your stocks in the title this article. The first pick which I received from Penny Stock Prophet for example was first valued at $.15 per share. Before the market opened on Monday morning I set my online trading account up so that it would buy 1000 shares of that stock. I didn’t have a chance to check back in on the performance of that stock until the end of the day and I was shocked to find that it had skyrocketed all away up to $.31 a share by the time the market closed on the first day. This is a 100% increase in value and exactly what you can expect from the best cheap stocks now if you can find them.
At this point I’d begun checking in on that stock practically every 30 minutes as it continued to climb that second day, finally leveling off at $.48 a share before it began to come back down again. When all was said and done, however, I got out and more than tripled my initial investment.
For information on what is likely the best picker of cheap stocks now on the market today, click on this link for cheap stocks now and begin your path to financial independence today.