Penny Stock Picks
There are many different ways you can play penny stocks. One common way is to follow internet newsletters. These newsletters will email you picks that they are usually compensated for. There are different types of newsletters as well, free and paid.
Free newsletters typically push stocks up by using the sheer amount of people they have on their email lists. While traders don’t have to pay to get access to the newsletter, the owner of the newsletter is compensated by third parties or the company they are promoting.
Paid newsletters are very different from free newsletters. These types of newsletters are great for learning how to trade from a seasoned trader. They usually come with chatrooms and learning resources. Paid newsletters will pick stocks that are liquid, meaning have volume, and aren’t always penny stocks. At least not penny stocks under say $0.50. They could even include stocks over $5.
One great resource for finding a paid newsletter that fits your style or work schedule is Profitly. This site was set up by traders and allows them to post their trades on the website for full transparency. That way beginners can see the good and the bad from daily traders. These trades are fully verified. Profitly also runs many paid stock newsletters through the site. They range from an ex promoter showing traders how to find the next pump to an option trader trading only big board stocks such as Apple and Amazon.
Below we’ll highlight each trader and what type of trading he does. You can then click their link and judge for yourself how good of a trader they are. Some of these have multiple levels of service, we will highlight the basic ones for each trader. Also, these newsletters due cost, but many traders have tried them and swear by them.
Check out their profit charts on each of their pages below.
Timothy Sykes (Short trader) – Timothy Sykes shorts pump and dump stocks. All pumps will always see a dump and Sykes specializes in finding the point where they fall. He also buys the pump sometimes as well.
BuyIn Alerts – This newsletter is also run by Timothy Sykes. A buyin occurs when a broker cannot find shares to short of a stock. The broker then sends a buyin notice to any short sellers in the stock causing them to have to cover their position. This typically causes a spike in the stock. Buyin alerts will alert subscribers in realtime to when a buyin notice has been received by short sellers.
Lucci Alerts (Sang Lucci – Options Trader) – Sang Lucci runs Lucci alerts. He is the only options trader on Profitly and trades only high liquid big board stocks such as Apple, Amazon, etc.
Pre Promotion Stocks – This newsletter specializes in finding stock promos before they begin. They try to buy early and profit from the increase in stock price that usually happens when a stock promo begins.
Jason Bond Picks – Jason Bond is primarily a swing trader. Swing trading is when you buy a stock with the purpose of holding it for at least a few days in order to profit. These types of stocks are usually very liquid and take a few days to see gains from.
SuperNova Alerts – SuperNova alerts is run by Jeff aka Stock Analyzer. He specializes in intra-day and short term trading. He finds stocks based off chart patterns and momentum trading.
Check out each of the traders above and see what other traders think about them. Also check out their gains and losses on their profit charts to see how they are doing in the current market.