Tips to Find Hot Penny Stocks - Be Profitable

By Josh Lewis
You can make a lot of money in Penny Stocks, however it can be difficult for some. I will give you some tips and show you how to find hot penny stock. Let me start off by saying that research is the most important thing to consider when you are trying to find profitable stocks. If you do proper research, you will be able to put yourself ahead of 90% of the other investors.

The first step to finding hot penny stocks is to analyze the market and look for trends. Look for stocks that have shown a steady increase over time. Once you found a few stocks that look promising, research each of these individually. Look at the quality of the company. Just by looking into the company you can usually tell if it will be successful or not. All too often, people invest in cheesy companies and then they end up losing money. The fact is you can eliminate your losses just by researching a companies performance.

Research can be a very tedious process. Whether you are new to trading penny stocks, or a professional it is a good idea to subscribe to a penny stock newsletter. These newsletters are packed full of information and will advise you which stocks to consider investing in. If you do subscribe to a newsletter, it is recommended that you still research the stock picks they provide you with.

Once you invest in your hot penny stock always be on alert and ready to trade. If your stock jumps, be ready to sell at the slightest sign of a decrease. If you research thoroughly and closely monitor your stock, you will greatly increase your chances of success.