Penny Stock Secrets

Penny Stock Secrets
31 May 2011, 11:17 am

There is one thing you will absolutely have to learn in order to make a fortune with penny stocks.  There is something required of you, and without it I promise you will not be successful.

You must learn to listen your brain, not your emotions!

Let me give you an example:

You decide to buy a particular stock, and within 24 hours, you’re up 50%.    Great!

Now comes the hard part.  You’re up 50% and considering selling, but your emotions are telling you “Wait, what if it goes up to 100% tomorrow?  If I sell out now, I’ll miss out on even more profits!”

You have 2 options.

Option #1:  Listen to your emotions, hold on to it, and pray it continues to go up.

Option #2:  Listen to your brain, call it a win, and sell for a 50% profit.

Which option sounds the best to you?   You would not believe how many people pick option #1, and end up losing everything.

I’ve seen it a thousand times, even from my current members.

Example:

I recommend a stock through my daily alert email, and it goes up by  50% within a  few days.    Then I make it clear that this is a great win  for us and it’s time to move on, and what happens?

I get a thousand emails all asking the same thing.  “Shouldn’t we  stay with it to see how far it goes?  What if it goes up even more?  I’d  hate to sell it now, and miss out on even more profits!”

Source: Buy Hot Penny Stock

I also think it depends on luck.