10 Sure Fire Tips on How to Pick the Best Penny Stock Newsletter2539870

So you want to make money in the stock market, good for you! Maybe you're new to Penny Stocks or worse, maybe you've tried your hand at this type of investing, but just failed miserably at it. Well if that was you, don't feel bad about 97% of investors that try Penny Stocks  fail miserably.

Why?

For Several Reasons-- maybe bad advice, haphazard trading or incomplete research. From this point on, whatever caused you to fail is in the past. From now on you will know exactly what to look for when trying to find a good resource for Penny Stock Tips.

Before we get started with what makes a good Penny Stock Newsletter, we should get a definition of what penny stocks are and why they are so appealing. Generally speaking, Penny Stocks are stocks that are traded for less than $5. My definition of a Penny Stock is any option that is traded for less than $2.

Now you may or may not know this, but Penny Stocks are traded just like your bigger stocks or Blue Chips. You will hear a lot about Canadian Penny Stocks because there are definitely Hot Penny Stock Picks that you can only trade on CDNX- the Canadian Venture Exchange. Other markets that trade Penny Stocks are NASDAQ SmallCap, Pink Sheets (most widely known) and Over the Counter OTC.

Why are Penny Stocks so appealing? Well penny stock charts, they're exciting and fun! But most importantly they are a vehicle to the potential of huge gains in short amounts of time. Your Blue Chips will never perform like the right Penny Stock.

So what should we consider when choosing a Penny Stock Newsletter? Here are 10 crucial things you should look for:

1. Make sure that they Identify Picks that Can Be Traded on the CDNX. Many top penny stock picks can only be traded here.

2. At minimum, they should provide prospective members with a list for the last years picks and the performance of each pick. If the all showed gains, buyer beware. They should be totally honest and show the picks that didn't perform well. Don't just take their word for it. Research some for yourself to make sure that the numbers add up.

3. They should provide you with the information that demonstrated their picks to be worthy of passing them on to their members. One of the surest ways to identify a Great Penny Stock Newsletter is the amount of info that they give you about the Pick. Not only should the numbers (profit &amp; loss, Capital, etc.) come into play, but things like Management and information on the competition is imperative.


 * Note* See this is why the Penny Stock Market is so Volatile. Information for Blue Chip Stocks is readily available and can be analyzed over years. The opposite is true of Penny Stocks. Because many of these are start-ups, this crucial information isn't readily available or it hasn't been charted for a period time that is a true indicator of risk.

4. The Newsletter Owners/Moderators should have NO vested interest in any of the Penny Stocks that they Pick.

5. The Newsletter should offer comparisons on Brokers. Often times people that want to invest in Penny Stocks don't have a lot of start up capital to invest. Therefore a Good Newsletter should have up to date tips on picking brokers that have the lowest per trade costs.

6. You should feel like you get a hand holding experience from beginning to end. In other words, do they have information for all levels of investors? Do they have a customer service department that can handle any questions that you may have? If they do, how fast can they respond?

7. They should tell you how many picks you can expect to get over your subscription period. You should also find out what day and time you can expect to receive these picks. At minimum you should receive your pick the night before. This is so you can place your trade when the market opens at 9:30am.

8. Make sure they explain things like Market or Limit Price and Open Orders because the discount Broker sites don't always go into as much detail about this crucial information as they should.

9. Find out if they keep a monitored portfolio or if they just analyze the stock long enough to tell you when to buy.

10. If they don't keep a monitored portfolio, then don't bother. This is so IMPORTANT. If they do not maintain a monitored portfolio, they Can Not tell you when to sell. And knowing when to SELL is Just as important as knowing when to BUY.

If you follow these 10 guidelines, you should be able to find a Newsletter that will provide you with those Hot Penny Stock Picks that you are looking for.

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