Learn the Simple Methods Professionals Use to Profit from the stock market everyday
Updated November 10th, 2009
Stock trading is a great way to make money and create a living. We’ve experienced this first hand as the team here at SimpleStockProfits.com are successful traders and have worked with many successful traders in our career. There are few opportunities out there that offer such a pure reward to an individual based on their own abilities and individual work ethic. Because of this, we can see why you have come to this site to hopefully learn more about trading and how to make it profitable for you.
One of the many pitfalls for new traders is the overabundance of websites and products out there offering you advice and “profitable” stock picks. Unfortunately, many of those products and websites are scams and, at the very least, can be a time-wasting trap for individuals really desiring to learn how to trade more profitably.
What we’ve done with this site is create a resource that can be used by you to help funnel your time and resources towards products that really do provide value for your trading. If these products are used correctly, they can help you achieve the next level of profitability in your trading. Be sure to read the reviews fully to see what product might be a good fit for you.
Pros: Big gains on fewer stocks enabling low commission and start-up costs
Cons: Volatile Stocks means that you need to follow the newsletters strict recommendations to see the best profits
The Penny Stock Prophet is one of the latest among a list of penny stock newsletters out there, but once we used it, we found it to be head and shoulders above the rest.
We don’t know about the salesy pitch of a broke MIT student discovering a secret formula on its main page, but what we do know is that its algorithm is one the most advanced we’ve seen (and that a good story sells subscriptions!). From our understanding, where the Penny Stock Prophet shines is in the fact that it utilizes both proprietary methods of picking stocks based on years of historical data as well as an advanced system of “mining” internet data to find exactly where interest is peaking in smaller companies.
One of the ways that has turned many investors off to Penny Stock newsletters in the past, is the much derided “pump-and-dump” system of publicizing a little known company in an effort to drive its prices up. What happens essentially is that the newsletter writers buy the stock and only then publicize its “great potential,” thereby making the stock rise enough so they can sell it making a profit. Any newsletter subscriber to a system like this better be quick on the sell button or they will see any of their profits wiped out by all the other subscribers jumping ship in these low-volume stocks.
So just how is the Penny Stock Prophet service any different? Their two different algorithms work together to determine just when a stock hits a short term bottom based on its psychological support level (or PSL) as they label it. In effect, it spots a bottom in stocks that already have real interest in them and can take advantage of other stock newsletters by constantly evaluating the wide array of opinions on the internet. While this might sound like a lot of technical mumbo-jumbo, the point is that this system has proven to work on average of 3 days in advance of major bounces in the stocks it picks.
In conclusion, for private traders that just want to make money following strict recommendations and not deviating from well laid out rules, this product looks like it can certainly be quite a winner.
Pros: Many regular and reliable winners – Rarely a loser.
Cons: Gains are generally less than Penny Stock Profit – Helps to have low commission costs to reap the most benefit.
Stock Assault 2.0 is a very impressive product despite its overly aggressive, gimmicky name. What makes Stock Assault stick out from the crowd is its large list of features – truly a goldmine in and of itself. In this one software package, you can get real-time stock charts, newsfeeds, and Bloomberg video coverage on the markets. Now these are things that you can get elsewhere as well, but having them all in one place is an invaluable feature because it helps you keep your focus on trading – where it belongs.
Speaking of trading, Stock Assault does a great job of picking stocks to trade through its proprietary algorithm which tells you when to buy and sell stocks. In addition, Stock Assault 2.0 resides on your own system so you know you don’t have to rely on someone else’s server or constantly checking your email to get updated stock picks. While this means that you have to keep on top of the technology yourself, people with a DIY bent will appreciate the autonomy this offers.
As far as performance goes, we found Stock Assault to do quite well, but not quite as well as the Penny Stock Prophet Newsletter. Stock Assault takes a slightly different bent with picking stocks, focusing on large-cap stocks that make smaller moves over a longer period of time. The “sweet-spot” for Stock Assault (where most of its trades focus on) is 7-10% gainers over a period of 6-8 trading days. In addition, once Stock Assault builds up a database on your system, it can give you as many as 10 trades a week. This enables you to be choosy as to which trades you want to take as well as the opportunity to use other trading systems or criteria to narrow down your picks.
Overall, we thought Stock Assault 2.0 was one of the best stock picking software packages we saw out there and think that with its $47 dollar one-time price and 60-day guarantee it’s a great value for new or experienced traders.
Pros: Can create profitable trades daily within the first hour of trading.
Cons: Requires a level of stock market expertise that (in our opinion) only comes with years of trading.
The Stock Never Loss Secret (despite its clunky name) operates on a principle that stock market indices have a distinctly repeated pattern in their operation. This principle, when used correctly, enables the user to profit daily at a precise moment within the first hour of trading.
The way this concept works is that it shows you how to determine patterns in the stock market within the first 30-45 minutes of the markets open. From our experience of day traders, we’ve found that this principle is valid and works quite well when used regularly. The problem that we found with this product is that it infers a certain amount of expertise to the user to be able to trade in and out of these index trading products nimbly and efficiently.
Generally speaking, we believe that the two products above, the Penny Stock Prophet and Stock Assault are much more effective due to their relative ease of use. The Stock Never Loss Secret, though effective, requires its user to watch the markets daily like a hawk in order to trade profitably using it.
