| I want to look at this Penny Stock Prophet | | | | at trading. They have studied and practiced the |
| phenomenon. It's been over a year since the | | | | art of trading until they became comfortable with |
| release of the newsletter where James Connelly | | | | a system that works for them. They made the |
| began to recommend penny stocks based on a | | | | commitment to learn how to be a successful |
| mathematical formula he developed while a | | | | trader. |
| student at MIT. In that time there has been a | | | | At the heart of any and every successful trader |
| steady increase in the attention gathered by the | | | | is a sound risk and money management plan. A |
| newsletter. | | | | system that preserves their capital as rule |
| The stock market in general and penny stocks in | | | | number 1. So in the event that a trade doesn't go |
| particular are far from a sure thing from an | | | | the way they expect it to, they get out with |
| investment stand point. The markets are a living, | | | | minimal damage. But when a trade does go the |
| breathing entity. No one knows for sure what will | | | | way they are planning, they make a nice chunk of |
| happen next. | | | | the profit. |
| People have been searching for the "holy grail" of | | | | Winning at trading the markets is all about playing |
| trading since the very beginning. If there was | | | | the probabilities. Recognizing familiar patterns, |
| some sort of magic wand or crystal ball..... just | | | | determining risk to reward ratio's, isolating upside |
| some way of knowing with certainty the | | | | potential, calculating entries and exits... |
| direction... | | | | This is what James Connelly does with his formula. |
| But we all know that is not the case. It is | | | | Mathematics can and does make some sense out |
| impossible to predict market direction. Even the | | | | of a chaotic environment. Look into chaos theory. |
| most skillful traders are wrong a large percent of | | | | A computer program can significantly shorten the |
| the time. So I find it interesting that in this age of | | | | the time it takes to analyze complex problems |
| information, with everything being so readily | | | | and equations. As traders, we just want to try |
| available to anyone with an internet connection, | | | | and play the probabilities. This gives us a little |
| that you can't find a whole lot of bad things about | | | | edge. |
| the Penny Stock Prophet Newsletter. | | | | Back when I discovered the newsletter, there |
| I seems that in today's world, bad news travels | | | | were 3 picks a week being given out. There were |
| as fast or probably even faster than good news | | | | some good ones, picks that I did very well with, |
| around the internet. If you do something wrong, | | | | and ones that didn't do so good. This is normal. |
| take advantage of people, or run a scam type of | | | | Lately, in the daily alerts, James is not afraid to |
| business... it is the kiss of death! You will find that | | | | say "hey, I'm not finding anything that looks good, |
| information everywhere. And I think that's great! | | | | lets wait". And in my opinion, this has been a good |
| In all this time the Penny Stock Prophet just | | | | strategy. Instead of feeling the need to churn out |
| keeps rolling along, gathering members, and | | | | a specific number of picks, he now is focusing on |
| recommending penny stocks that might just | | | | the percentage of winners. I think this is better |
| make you money. | | | | for beginners who have little or no experience in |
| Of course, with nothing in life being perfect, there | | | | doing their own research. It provides an |
| are always a few people who may have | | | | opportunity to learn with percentages in your |
| subscribed, tried investing in one or two picks, | | | | favor. |
| didn't make any profit, and want to blame | | | | The last 2 picks by the Penny Stock Prophet |
| someone else. Who was at fault here? The trader | | | | have done rather well. Look back at LYJN which |
| or the newsletter? | | | | we received on March 17th, and FRHV which we |
| Does the newsletter pick only winners.... of course | | | | received on April 9th. Go to Google finance and |
| not. Nobody can pick only winners, let's be realistic. | | | | type in the stock symbols. You will see that these |
| But the biggest difference between successful | | | | were profitable picks for many of us. |
| traders and those who struggle, is not so much | | | | If you want to learn about investing in the |
| the picking, although that is certainly a big part of | | | | market, pennies are a good start. They are very |
| the equation,... the largest variable is the trader | | | | inexpensive, so you don't have to risk a bunch of |
| himself. | | | | money. Also, I strongly recommend that |
| If trading were easy, everyone would be making | | | | beginners paper trade at first for a couple |
| a living doing it. Why would anyone want to go | | | | months, until you begin to get a feel for trading. |
| off to work if they could stay at home and make | | | | Don't risk any money until you are comfortable |
| a killing in the markets? | | | | with the whole process. |
| There are people however, who do make a living | | | | Learn more at PennyStockProphetBonus. |