The first stage to any stock investing strategy should be to get a list of all penny stocks worth investing in. This will essentially be a short list of the best of the companies out there and the list from which you will select exactly which stock to purchase.
Traditionally this has been the main stumbling block of individual investors. It can be a very daunting task to start from nowhere and attempt to research all of the possible companies in a market to try to find those with potential. Many people rely on tips posted on dubious websites or in the national press however historically these have proven to perform no batter than random selections.
Where to get a list of all penny stocks
It is possible to purchase computer programs that will do the hard work for you. Such software is pre programmed with a stock selection strategy (usually one developed from an experienced, successful trader) that is already proven to work. What the software does is go off and analyze hundreds of different stocks and look at various ratios, indicators and fundamentals related to the stock price or company data. The software will then separate out the companies that are potentially good investments from those that are not.
What the software presents you is a short list of hot stocks that should return a healthy profit. All that is left to do is to execute the trades at the target price the software says and then wait until you reach the expected price before selling.