What Penny Stocks To Buy?
It’s difficult these days to figure out what penny stock to buy. There are hundreds of newsletters that provide the BEST PENNY STOCKS or the TOP PENNY STOCKS, so how do you really know which one is the best? All of them seem to have the same strategy, worse of all they all seem to tell the same story, so how do you get around all of this mess?
The simple answer is… you can’t. The majority of these lists provide information that is dated or a part of a larger scheme that you may not have control over. But fear not, this does not mean there isn’t a winning strategy.
How to Buy Penny Stocks: Buy Best Penny Stocks
If you’re looking how to Buy Penny Stocks then there’s an easy strategy to follow. Find the penny stock newsletter that goes out first on a stock symbol – this premise of being first in and hopefully first out leads to the highest success rate for a winning trade. Don’t believe me?
Look at SANP, PacWest, SNPK – It’s all about being in the newsletter list that goes out first.
If you’re going to join the leagues of penny stock millionaires, the ideal starting point is finding your favorite discount brokerage. We’ve given a small breakdown of the larger brokerages out there and the fees that may be associated with them below:
Scottrade is a big player in the space. It’s typically found on many peoples list of recommended brokers. They have a minimum balance of $500 and charge $7 for market and limit orders. Luckily with them there are no quarterly/annual fees (it’s a bit of a slap in the face when some of these guys want MORE money for not trading). The caveat (like most penny stocks you will trade in the future) there is an additional fee of 0.5% of the total principal on your trade.
E-Trade (I love that their commercials charges $12.99 for both market and limit orders – this includes penny stock trading for $1 or less and all OTCBB stocks. They have a higher minimum than Scottrade at $1,000.
Fidelity, a reliable name, but they require a $2500 balance. On top of that large minimum deposit, they charge $19.95 for both market and limit orders – including all penny stocks.
Charles Schwab has the same trade charge as Fidelity at $19.95 per limit or market order. There is also an additional charge of $0.015 for trades over 1,000 shares. If you don’t trade much, they’ll ding you another $45 per quarter.
TD Waterhouse – charges $17.95 for market orders and $20.95 for limit orders. You need a $1,000 starting balance to open an account with TDW. And you are charged a $25 quarterly fee but this is waived if you make 3+ trades in a 6 month period.
Our goal here at the Daily Penny Reporter is to provide you alerts and updates on the top penny stocks that are being promoted today. Whether or not they are the best penny stocks to buy, you should understand the basis of company itself.
By joining our newsletter today, you’ll be getting alerts BEFORE everyone else. And better yet, if you’re just starting out on how to buy the best penny stocks, then give us a try. For an introductory period, we will be providing our alerts absolutely free.
Our research team looks for stocks that look like they are about to explode. Typically these stocks aren’t liquid (Look at all the other large penny stocks that have rocketed, they aren’t liquid to begin with). We like to call these companies “Sleepers”, Companies that have huge potential for exponential growth, but aren’t being discovered by the market yet. We look for subtle signs in the market that we believe bring value to the company. Join us today.