Friday, August 1, 2008

Day Trading Stock Picks - The Best Way to Start Trading the Penny Stock Market

I know that many people are interested in receiving day trading stock picks. Many people just don't have the time needed to learn the complexities of the stock market. Or sometimes people would rather spend their time doing something they love rather than watching charts all day. But what happens if you are a total newbie to the stock market or in most cases you don't have that much money to invest in?

The single biggest obstacle for new traders is money. It's real easy to have a huge, diversified portfolio if you're already making a six-figure income. But what if you're like most of the public and have only a couple thousand dollars to invest in the market? Are you just stuck buying 10 shares of Wal-Mart and 15 shares of Microsoft? Nope! Try trading penny stocks.

Every single month, there are penny stocks that come from nowhere to explode onto the scene. The tricky part is that it takes some time to scan through the penny stock market to see which stocks have the best chance of exploding. It's an awfully big pool of stocks.

Luckily for all of us, two developers have created software that can automatically scan the penny stock market to see if there are any potential gold mines out there. They have an excellent newsletter where they offer day trading stock picks. They only make recommendations when there is a high percentage of upward movement. At it's peak, It is estimated that if somebody invested $5000 in the stocks that were recommended in the newsletter, that would have grown into $380,000 dollars over a month span.