A few weeks ago Money Philosophy thought it would be a good time to get back into the stocks game after having been out of it for a few years. Money Philosophy was drawn to stocks such as GM and C (Citigroup) which had taken a big hit since the stock market fell through the floor in the fall of 2008. These stocks looked like they were headed back up and he was thrilled about the chance that they may eventually reach their 52 week highs.
His GM and C picks were very successful and that got him to look for other stocks like them. He ended up coming across a couple of penny stocks, LJPC and CTIC, that looked like they may break through in a similar way.
That ended up being the case as both LJPC and CTIC ended up being huge gainers.
He thought that he may really be onto something with the way he was choosing these stocks so he decided to try and make a stock screen screen which would find more stock buys like them right before they were about to have big gains.
The reason I’m writing this article today is because his first pick with this new screener reached a high 20% above it’s open today and that certainly impressed the heck out of me.
Obviously I don’t expect every stock pick he makes to have this kind of gain. No way. And it’s important to know that a gain isn’t “real” until the point where you actually sell the stock. Figuring out when to sell is equally as important as deciding when to get in. The cool thing is that he also makes a post on his blog (and on his Twitter account) when he sells his holdings.
He doesn’t share the precise way he screens for these stocks as I guess he’s a little too selfish to share all of his secrets but he definitely shares more about what he’s actually doing on the market than most so called “gurus.”
Of course he doesn’t suggest that anyone should trade his penny stock picks. There’s really nothing to gain from that. It’s always recommended that you do your own investigating before buying stock.
While it may be tempting to download The Day Trading Robot or Easy-Forex.com, I certainly think you would have superior results just by following what he’s doing. And of course the great thing is that it’s completely free.