My Story
Penny Stock Trading with Microcap Millionaires
Prior to penny stock trading, I traded traditional stocks back in the 90’s. Back then, if someone asked the question, “How do I make money in the stock market?”
The answer would have simply been: “Wake up in the morning.”
In those days I traded for a living and believe me the living was easy. It’s a real rush when you invest a little money and double or triple it.
Today though it is much harder for the average person to make money in the market. Several years ago I decided to take a little break from investing in the stock market. But that little voice in my head was always saying, “there is money to be made in any market. Bear or Bull market there is always money to be made.”
So when I decided to get back to trading again I did so with much caution and an equal amount of enthusiasm. I work a day job in addition to my trading so I was looking for a trading system that would do the research for me. I also didn’t want to invest a lot of money in my trades. My goal was to keep liquid as much as possible.
Initially, I did some research on microcap stocks. I already knew what they were and that they were very risky. But the amount of money needed to invest in them was so low that micro caps began to look very interesting to me. All stock trading is risky so facing up to that reality I decided to try my hand at trading micro caps also known as penny stocks. I say trading because one thing I learned was not to hold on to penny stocks for the long term.
During my research I discovered a service called Microcap Millionaires and dug a bit deeper to see if people were actually making money with this newsletter service. I read a lot of good things about it; and found that this newsletter service for penny stock trading offered its membership a service that had plenty of long term members; almost everyone had made money at some point in time following the author’s tips and training.
Because of past experience in trading, I was realistic in knowing that nobody wins all the time, but penny stock trading reduces losing high amounts if you follow Microcap Millionaires advice. If you use sound money management principals your winners will almost always outweigh your losses.
I took Microcap Millionaires offer of 3 free stock picks just to see what would happen if I joined this stock picking service. However, with those 3 free picks I did not get an entry or exit points. Only subscribers get those. I had to figure out the entry and exits myself.
The company behind one of the stocks had rumors of bankruptcy floating about and was dumped from $4 to 0.79 cents within a few days. I then got an email telling me that this stock was poised for a nice bounce. I put in a limit order to buy the stock at 0.89; I did that to determine if the stock had upward momentum. The next day the stock zoomed to $1.00, then $1.02, then $1.08. I put in a trailing stop at 5% of the price when it went down to $1.04. It moved back up to a high of $1.20 and then went down to a closing price of $1.07.
Because I had a trailing stop I sold the stock at $1.12. A 40% gain in one day. I was impressed and decided to become a subscriber because getting those entry and exit points were crucial for me to continue to trade with peace of mind.
I’m happy with my decision because I know I am always in a stronger position with the advice I get from Microcap Millionaires.
I am also reassured about my membership knowing that the owner Matt Morris is not a pump and dump promoter of worthless stocks. He really does his homework. And you can only really know that is true when you become a subscriber to his service. As with any service a lot of the picks are right on target but some are not. That’s just the nature of trading.
My personal experience with Micro Cap Millionaires is that they have a very good ability to track the market. They really excel at getting in to stocks at the right time. That makes a dramatic difference in my trading account.
And when the market isn’t looking so good for a trade on a particular day Matt will send out a nice list of penny stocks to watch.
And of course the time savings that I get with MM is enormous. I don’t have to spend all my time in front of the computer screen anymore. I get my e-mail advisories anywhere I have access to my e-mail account.
I’m trading a lot more lately because I have had good success and that has given me more confidence. I don’t have to invest a ton of money to trade so that is comforting for my “stingy” side.
Do I long for those crazy trading days of the ‘90’s. Oh yes, I sure do. But for now I am so happy I found Micro Cap Millionaires and Matt so I can still make money in any market. And the more things I have experienced in my trading life the better trader I have become. So whether making bazillions in the ‘90’s or making a nice living today…I’m just happy to be making money.
