Penny Stock Prophet Review: A Few Pennies so Far
This is the start of week three using the Penny Prophet System. Week one I started trading the Penny Stock Prophet picks but there were no new picks that week so I jumped into some of his ongoing picks. One of these 3 stocks the Stock Prophet gave the sell order around break even saying it doesn’t look like this stock would move like his algorithm predicted. The other two stocks are still in play, they both have been floating around my buy point, which is better than losing but still not a win. The Penny Stock Profit advice on these stocks is to hold for another week or two as there should be a jump in this sector soon.
Week two brought just one quick pick. The advice was to buy for a quick 18-20% gain. The same day, the stock reached its goal and I took a quick profit. The rest of the week provided no action as all other stocks are buy and holds.
Today, the start of week three, finally there is some action. In his nightly newsletter, the prophet gave out two new picks, one a quick day trade that I got in above the high end of his buy price and out at his sell price within minutes of today’s market open. It seems the Penny Stock Prophet investors pushed this one up too fast premarket for people like me to make more than a small profit (I would have loved to have this pick on Friday).
The other trade for today is slightly longer term and I am up about 5% so far but hoping for at least 20% – my sell order is in and fingers are crossed. Besides the quick pick last week, these are the first two picks I got in from the start. This will give me a much better feel for the opportunity to make money.
Hopefully I can take some decent profits and report good news and give a good penny stock prophet review. My other hope is one of the buy and holds from week one takes off instead of trades sideways.
My impression of the Penny Stock Prophet remains slightly positive for now. I like the way he tells his followers exactly how to trade a stock with buy and exit points. His nightly updates offer reassurance that someone is watching your trades tick by tick.
The bottom line is that I am only up slightly and now am now invested in four of his picks. All the advice and hand holding in the world does no good if money is not being made. It is still too early to tell one way or another for a solid recommendation. However, even if 5-10% gains can be made per month with this system, it would be worth it because most all the work is done for you, the Penny Stock Prophet followers just need to follow instructions.
Stay tuned for some more detailed reviews as I gain more experience with his system and picks. You can bookmark or follow the RSS feed from my Penny Stock Prophet Reviews page if you want to make sure you are completely up to date on my experience with the system.
Also, you can check out more at the Penny Stock Prophet at his sales page
Filed Under: Penny Stock Prophet
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I’m in the same boat…I am also signed up and following the predictions and learning this system. Seems somewhat promising but I will hold judgement and compare my experience with this review.
Kyle, The Penny Stock Prophet offers a 60 day return policy. I plan on detailing my experience along the way and am less than 3 weeks in, I want to give his system a good testing before I form a strong opinion one way or another.
I also jumped into the Penny Stock Prophet newsletter a couple weeks ago. I sure hope that they’ve been worse than average weeks for the Prophet, because while I haven’t lost any money, I’m not nearly impressed enough to stick with the program after my 8 weeks are up, so far.
I’ll be interested to read your future thoughts. Good luck with the website – love the design!
I did well with his two Friday picks. I got in and out very quickly of both taking some profits. I am now up a bit but I’ll see how he does next week before I do another update review.
Curious to know what his subscriber limit was when you all joined…? Right now it says he will close the offer to join at 500 subscribers and when I joined, there were only 12 spaces left. After I joined there were only 10. Just curious what others experienced.
I think I may have answered my own question, as each time you refresh you get a different number. In a series of 10 refreshes I got the following spaces available: 4, 17, 6, 3, 1, 13, 4, 5, 15, 19.
The fake limited time offer or subscriber limit is a hallmark of the long sale page. I hate long sales pages, they make a great product look like a scam but they are very effective at getting spur of the moment conversions (Visits/sales). I wish he would create a professional looking page detailing his systems success an his philosophy.
I notice his picks are moving fast lately so he has a lot of followers jumping on his picks. The two pick s from today have moved up after hours and might be gap ups in the morning so I need to be ready for some quick profit taking.
I have been tracking his picks with a practice investing account and have been noticing that his picks seem to be following a SEC form 8-K. Any insight into this? Is this what the “formula” is about?
(I do realize that my stock purchase is virtual and do not stimulate his picks)