Penny stocks are those cheap stocks which can be bought for literally pennies on the dollar per share.
This enables you to scoop up thousands of shares at a time for next to nothing, and incidentally these stocks also are known to go on profitable jumps in the short term because it takes much less trading influence on them to affect their price.
There is, as with any other investments, a great deal of risk associated with these cheap stocks as they can lose value just as quickly.
For this reason, many traders choose to use and analytics program to find the best performing top penny stocks to trade and invest in.
This article will explain more what this technology is and why and how you can use it to double your investments in the short-term the matter who you are with top penny stocks.
The important thing about stock picks software is how it works.
Similar to the large trading houses, these programs look at well performing, top penny stocks of the past.
They specifically look at the origins of those trends right before they broke and then look for overlaps in real time market data.
This gives you a precisely accurate idea of how that contemporary stock is set to act in the short-term because the stock market and individual stocks perform and progress in cyclical patterns which repeat themselves.
The programs which only target cheap stocks specifically to look for top penny stocks are the best because of the volatility involved.
For example, the first pick which I received from my first cheap stockspecific trade program was valued at $.
18.
It jumped up on that first day to $.
38 by the time the market closed.
It's a wonderful feeling being invested in a profitable and rising stock pick is it jumped her before your eyes.
The next day I began checking on that stock regularly every single half-hour as it continued to soar, finally topping off at $.
57.