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Mar 10
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Everyone wants to know the age old question, “Is there really a way to trade free stock picks and make money?” Well I have the secrets you need to know about trading Free Stock Picks. You have to make sure you are trading the Best Free Stock Picks if you are going to make money at it.
Here is the best way to go about doing so. First you should track the picks first. The best way to do this is sign up for promoters and follow 5. Track the average profit, average loss, and see what the accuracy of the picks are. Once you do this you can eliminate the 2 of the worst 5 after 2 weeks then sign up for 2 more and repeat.
Things you should look for is high accuracy, high average profit and low losses. You should also make sure that the picks they are choosing have plenty of volume. You may not realize this but promoters make a fortune off of worthless stocks. You want to trade the momentum on these stocks. Once you have narrowed it down to the best ones you can easily track them and put a system together to trade them.
The way I did it was with an excel spreadsheet. When I realized one was not hitting I removed them and replaced them. Anytime a pick gained over 20% I marked it in bright blue. One thing I tracked as well was the % of gains that were over 20% and the % of picks that closed above the entry.
The fact that it closed above the entry was important to me because it was not a pure pump and dump. Although it was pumped it means something for the stock to close above the open price. This is because it holds less risk. You can easily make a system based on PR, average volume, promoter and accuracy, average profit and loss. You should consider your position size, target profit and maximum loss. By tracking these guys through an excel spreadsheet you can easily know your odds before entering the trade. All of the above information is mainly for penny stocks since that is what most free stock picks are.
You really need to be careful and do plenty of due diligence before trading any of the stocks. Promoters are not on your side and they get compensated to promote stocks so proceed with caution.
There is a place to go for free large cap unbiased stock picks as well. The only one I know of is called best-free-stock-picks.com. You can try it out and they give you the entry price and everything. It is kind of crazy that there are such quality picks for free. It is a site worth following for day traders and swing traders alike. They have the best free stock picks.
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