Many investors don’t take penny stocks seriously. You won’t find penny stocks being mentioned in most of the major financial media. The reason is simple penny stocks don’t get traded on the regular exchanges rather they get traded on the Over The Counter Bulletin Board OTCBB and on the Pink Sheets. But imagine, a $0.1 per share penny stock skyrocketing to $3 per share in just a matter of a few days. This can be a 3,000% gain in just a matter of few days. If you can capitalize it with your $1,000, it can easily turn into $30,000 in just a few days.
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James Connelly was a brilliant student from the very start. He was interested in stock trading even as a teenager. So, his father taught him how to read stock charts and quarterly earning reports. His dad even subscribed the Wall Street Journal when he was just 16 years of age.
Developing an understanding of the stock market at such a young age gave James an edge. He was fascinated by the unlimited wealth potential that stock investing offers. The stock market to him was a puzzle. He wanted to solve the stock market puzzle.
He would pass his time analyzing trading patterns, volume, resistance and other identifiable patterns. He was convinced that he could unlock the secret mathematical formula that could give him the edge and tell him about a stock making an explosive move before anyone else did.
What he is willing to disclose is the role the Psychological Support Levels (PSL) play in his secret mathematical formula in identifying breakthrough penny stocks. While not disclosing his secret mathematical formula that identifies breakthrough penny stocks, James is willing to talk about the importance of PSL in identifying breakthrough penny stocks.
PSL is nothing new for traders and investors. It helps in explaining why a stock can be sold well below it’s actual value. Many investors and traders know this that PSL is a very important factor in identifying an under valued stock. But finding an undervalued stock is one matter and finding a breakthrough stock or for that matter penny stock is another matter.
