Best Penny Stocks

If you are searching for the best penny stocks to buy this year, then you are thinking in phrases of time and financial investment . . . and that is just plain incorrect thinking when searching for the best penny stocks to buy right now.

It does not matter if it is 2012, 2013, 2014, 2015, 2016, 2017. The year indicates nothing because the best penny stocks are shares that you trade for short-term gains. You do not usually hold them for a long period of time. Generally, you do not hold on to the best penny stocks and hope to make a great return in a year or more. The best penny stocks are not usually the avenue for building a retirement fund over a long period of time. The goal is to get into the best penny stocks, make a quick return, and get out. You get in with your exit strategy in place.

Penny Stock Egghead, Nathan Gold knows the best hot penny stocks to buy right now.

Before getting started, you need to understand that trading penny shares is an amazing way to make money and make it rapidly. Just keep in mind you do not invest in them you trade them. Investing implies that you will hold the stocks long-term. Trading suggests that you get in and out in a relatively short amount of time. This does not mean that you have to become a day trader. But you might hold onto the best penny stocks for only a few days . Because the best penny stocks are extremely volatile, you do not invest in them for long-term. You need to make sure that you are not stuck in a falling penny stock until there is no value left. Again, always have your exit strategy planned out, or even in place, prior to buying.

You need to know when to get in and out so you make money and restrict your losses as much as feasible. So how do you do that without being chained to your computer all day? Implement a manageable system. Even if you have to work all day and you do not trade for a living, you can have a manageable system to enter and exit trades. When you purchase, you indicate the high point and the low point that will trigger a sale of the penny shares. This way you receive the profits that you are looking for or you cut your losses.

For instance, you pick the penny stocks that exhibits promise and designate a point when you will buy it. Then you set your trading account to exit at a designated profit point, perhaps at 25% or 50% or more profit. You also will set your account to sell if it drops to certain point so that you restrict your losses. It really is that simple. The point is to restrict your losses and take your gains before you lose them.

It is a mistake to try and predict how high the stock will go and refuse to get out until it reaches the peak. When you are buying the best penny stocks, you cannot worry about possible missed opportunities. Stick to your original decision as to when to sell unless you truly gain more knowledge that tells you otherwise. Then you go on about your day without the tension of watching your computer screen all day and stressing about how your stock is performing. You have already set your predetermined points. Just continue living your life.

If you want to pick the best penny stocks for this year for long-term holdings, then you ought to consider blue chip shares instead. That way you can hold them for a year or more for a steady, slow return. The buy and hold strategy is great for steady earnings. If that is what you are looking for, then penny stock investing is probably not for you. The best penny stocks generally lend themselves to those who have more risk tolerance. The payoff for the higher risk is often incredible gains. You can always diversify your portfolio so that you can enjoy both long-term steady growth with lower risk blue chip stocks and short-term spurts of growth with higher risk penny shares.

Most people trading penny shares have a penny stock newsletter service that gives them buy and sell indicators. These solutions also give you the manageable plan to trade the best penny stocks. These newsletters give great advice and can save you a huge amount of time in research. But remember, you still need to do some research yourself. The newsletter will give you great tips on research as well.

You can get more information on the best penny stock newsletter service and to get penny stock picks right here. The Penny Stock Egghead, Nathan Gold, focuses on just trading one of the best penny stocks per week. By doing this, you are not having to research hundreds of the best penny stocks every week. Therefore, you save time. Additionally, you save money on trading fees because you are focusing on only the best penny stocks and not making huge numbers of unnecessary trades. Save Time and Money on the Best Penny Stocks