August 26, 2008

Fast and The Furious – Trading Penny Stocks Can Be Dangerous

By IdeaMan21

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Trading Penny Stocks is like the movie Fast and the Furious, you really have to have reflexes of a cat to protect yourself and your investment. Isn’t stock trading is an amazing concept? It makes billionaires out of ordinary people like you and me. We bet on companies and when these companies do well (or beat expectations), we make money, it’s that simple. We all know that the secret of success at the stock market is to really know the market that you are dealing with. Not everyone is smart enough to read the fine print on financial manuals and apply economic theory to predict the future though. That’s where firms like DoublingStocks.com come in. Choosing a program smartly can be the quick road to success with a little bit of hardwork and a lot of determination.

DoublingStocks.com originated in 1999 when Michael, a Programmer, teamed up with a fund manager Carl Williamson, to create a penny stock trading program called “Marl”. They used a combination of western technical analysis and ancient Japanese candlestick charting techniques for any penny stock by meticulously plotting and charting dozens of market indicators. According to Tom, a writer at DoublingStocks.com, in the year 1999 alone, the Marl program had thirty eight winners in back to back trades, which averaged a profit of 218% per trade. That’s where one of the most successful penny trading programs – DoublingStocks.com, was born.

The website appears interesting from the very first glance and enticed the visitor to find out more about this amazing concept of making millions from pennies. The program now distributes a subscription based newsletter where they share their top stock picks. This company’s success is founded in their ability to analyze penny stocks in a manner that’s very different than the traditional stock analysis models. Have they been successful consistently though? The results speak for themselves.

Doubling stocks had 34 winners in the year 2000. In 2001, they had 47 winners with an average gain of just over 88% per trade. In 2004, their newsletter subscribers had 36 winners out of 43 of Michael’s picks which earned the Doubling Stocks clients a combined sum of $196,000 in a small number of trades. Michael’s system for trading penny stocks is structured in three parts. At first, you must review a half-page of recommendations that he will send you. You then place the trade online or with you broker over the phone and then finally check back regularly to see if you have earned double, triple, or even quadruple your money back.

However, here’s a word of caution. If you are thinking about purchasing the newsletter that they offer at Doubling Stocks, I urge you to remember that their picks are just what they are – picks. They don’t always work in your favor. Again, before investing all your savings into a stock trading program, please make sure that you do your home work first, so that you minimize your risk. The Doubling Stocks Program may be the perfect thing for you or may not be. I reiterate that there have been many people that have become rich by investing in penny stocks smartly but there are others that have lost all their savings on it as well. Great picks are great picks only for so long. Timing your buys and sells is almost as important as knowing what stocks to buy and sell

To learn more about Michael’s penny stock trading program, visit DoublingStocks.com. I think you will find that they are one of the best selling newsletters for a reason. They also have a 60 day free trial.

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