A couple of weeks ago the admin at The Money Philosophy Blog decided to get back into the stocks game after having been out of it for a few years. He was immediately drawn to stocks like GM and C (Citigroup) which had taken a huge 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 excited about the chance that they may eventually reach their 52 week highs.
His GM and C picks were very successful and that got him into looking for other stocks like them. He found a couple of penny stocks, CTIC and LJPC, that looked like they may break through in a similar way. These stocks were bigger risks but they also seemed to have greater potential for big gains.
That turned out to be the case as both LJPC and CTIC ended up being huge gainers. In fact they were even bigger winners than GM & C.
He decided that he may actually be onto something with the way he was selecting these stock picks so he decided to try to create a stock screener which would find more penny stocks like them right before they were about to have big gains.
The reason I’m writing this blog post right now is because his first stock buy with this new screener reached a high 20% above it’s open today and that certainly impressed me. Obviously my imagination is off and running with the kind of gains I could make by following his stock picks.
Of course I don’t expect every pick he or anyone else makes to have big gains. No way. It’s also key to know that a gain isn’t “real” until the point where you actually sell the stock. Figuring out when to sell is just as important as deciding when to buy. The really 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 exactly how he screens for these stock picks as I guess he’s too selfish to share all of his trading secrets but he definitely shares more about what he’s actually doing on the market than most so called “gurus.”
He does not tell people to trade his picks. He doesn’t really have anything to gain by that. He’s clear that he’s only sharing what he does not giving investment advice. And that’s an important thing to note. It’s always recommended that you do your own investigating before buying stock.
While it’s tempting to download The Day Trading Robot or Easy-Forex.com, I really think you would have superior gains just by following what this guy is doing. And the really awesome thing is that it’s completely free.
