Folks, finding a catalyst that can power a stock or an entire sector higher is the key to killer profits. Catalysts are more important than being able to read a chart or a financial statement.
You can be the best technical chartist in the world but still go broke in the stock market. You can have a Harvard MBA and know how to read financial statements like the back of your hand and still get b*tch slapped and lose all your money to other traders in the stock market. However, if you know how to spot a catalyst and position early, you can make a fortune in the market and know very little about how to read charts and financial statements.
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A lot of traders lose in the penny stock market because they put on added risk just because they are trading penny stocks. Just because you are trading penny stocks, it doesn’t mean you should ignore the 3 principles of trading. These are time tested principles that will put the odds in your favor.
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A great website for finding the best penny stock picks is by using the free stock screener on OTCMarkets.com
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