Penny Stock Prophet Review
Penny
Stock Prophet is one of the latest options in the stock picker market niche. If
you are looking to make some money in the stock market without devoting the
time or having the knowledge, which professionals have, and use, this is a good
option for you. There are some things to know about the penny stock prophet
before you get it, though. Bookmark this page to follow along as I trade
the penny stock prophet selections and give you and honest review.
The Penny Stock Prophet sales
page is one of the best I have ever seen, so stay away if you can’t control
your buying habits until I do a review of the Penny Stock Prophet penny stock
trading system.
The Penny Stock
Prophet claims are:
He is a M.I.T.
Graduate;
He built an
algorithm to predict stock behavior;
Took $1,000 and
turned it into $1.4 million and;
He’ll take
hundreds of his buyers and show them how to be millionaires.
With these get rich web
sites, I always wonder why they
are selling the secret sauce if their secret is so good. However, we’ll see in my
reviews of the Penny Stock Prophet penny trading system, if it is for real or
just advertising hype.
If you can’t wait for my honest evaluation of his selections
you can Click
Here!
and read it for yourself.
This is the
start of week three using the Penny
Stock Prophet penny stock trading system. Week one I started trading the Penny Stock Prophet picks but
there were no new picks that week so I jumped into some of his ongoing
picks. One of these 3 stocks the Stock Prophet gave the sell order around
break even saying it doesn’t look like this stock would move like his algorithm
predicted. The other two stocks are still in play, they both have been
floating around my buy point, which is better than losing but still not a
win. The Penny Stock Profit advice on these stocks is to hold for another
week or two as there should be a jump in this sector soon.
Week two brought
just one quick pick. The advice was to buy for a quick 18-20% gain.
The same day, the stock reached its goal and I took a quick profit. The
rest of the week provided no action as all other stocks are buy and holds. I like the fact that just about all of his
seem to move up or down very slowly as we wait for a big gain. I usually set a stop loss of 20% and so far
have not hit it. This is much different
then when I was reviewing other newsletter picks.
Today, the start
of week three, finally there is some action. In his nightly newsletter,
the prophet gave out two new picks, one a quick day trade, that I got in above
the high end of his buy price and out at his sell price, within minutes of
today’s market open. It seems the Penny Stock Prophet investors pushed
this one up too fast premarket, for people like me to make more than a small
profit (I would have loved to have this pick on Friday). At this time, I prefer the slower moving
longer term picks to the quick picks that sometimes move to fast up or
down. It is nice to buy one of his
longer-term picks, then set the stop loss, and the limit sell and forget about
it.
The other trade
for today is slightly longer term and I am up about 5% so far but hoping for at
least 20% – my sell order is in and fingers are crossed. Besides
the quick pick last week, these are the first two picks I got in from the
start. This will give me a much better feel for the opportunity to make
money.
Hopefully I can take some decent
profits and report
good news and give a good penny stock prophet review. My other hope is one of the buy
and holds from week one, takes off instead of trades sideways.
My impression of
the Penny
Stock Prophet remains positive for now. I like the way he tells
his followers exactly how to trade a stock with buy and exit points. His
nightly updates offer reassurance that someone is watching your trades tick by
tick.
The bottom line
is that I am only up slightly and now am now invested in four of his
picks. However, this is much better then losing. All the advice and hand holding in the world does no good if
money is not being made. It is still too early to tell one way or another for a
solid recommendation. However, even if 5-10% gains can be made per
month with this system, it would be worth it, because most all the work is done
for you, the Penny Stock Prophet followers just need to follow instructions.
Stay tuned for
some more detailed reviews as I gain more experience with his system and picks.
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Today was end of
the forth week of me investing in the Penny Stock Prophet selections. I sold three of his selections early in the
week. Two made 20%, which was less then
I would have liked, and one made 40%. I
got in his last pick of the week, but had to buy at a price 10% higher then his
suggested entry point because the stock was running fast. This was to be a long term pick, but it hit
the exit point in less than a half hour, and I played it like a day trade. I got out with a 30% win.
All in all, a
great week. I can’t wait to start fresh
on Monday. Stay tuned.
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Today is the
start of week four and the Penny
Stock Prophet had two new long-range picks. Most his selections you hold for about three or four days. I was able to buy both at his suggested
entry point. One is holding it’s own,
and the other is up about 20%. I have
set my orders to sell at his exit points for about a 40% profit, and I also set
my stop market order to sell if they drop 10%, so the risk is very small. I tried to use 5% but that is not enough
leeway to allow for normal fluctuations.
I’ll keep you posted as to what happens with these two and any more
picks this week.
There was
another selection Wednesday. I got in
at recommended price and it shot up, and then drifted down, but I’m still way
ahead. I’ll hang in until it hits a
sell point or he advises that the stock be sold. I set my exit at his recommended sell point, which is usually
a 30% to 50% gain. I like the penny
stock prophet picks because they are not volatile, and one does not have to sit
by the computer all day and watch them.
The penny stock
prophet had a final pick for the week on Friday, and I got in one cent below
his suggested entry point. The stock is
running up nicely right now. I’ll tell
you what happens with it next week. So
far I am very pleased with his service.
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This is week
five, and the penny stock prophet recommended to sell the stock I was holding
from last week as he felt it had gone up as far as it would. I made 15% on that one. He had one new pick on Monday, and it
started running right away, going up 60%.
I sold it when it dropped a bit for a 40% gain. I’ll post again at the end of the week with
more updates. Mid-week the penny stock
prophet sent out an emails saying that his daily email with picks or
suggestions would now come a few minutes after the market open, rather than at
2am as before. This was because other
newsletter promoters were picking up on his selections and running up the price
in the pre-market. Now, with the
selection coming after the open, his subscribers will have the chance to get in
early at the lowest possible price. I
emailed him about the pre-market problem and he quickly answered about his
plans to change his release time to correct it. I seems like he is sincere in trying to do the best he can for
his subscribers.
His last pick of
the week was great and it started running right away. I held overnight, and sold on Friday for a 30% gain.
This is the end
of my evaluation period, and I have decided that the Penny
Stock Prophet is the real deal, and he is not pumping and dumping the
stocks for his own benefit. I
recommend you purchase his system and start out with small trades for a month
to prove it to yourself before you start risking large amounts of money.
Check out his sales
page here. He does have a money back
guarantee, so you can try it without risk.