F.A.Q

FREQUENTLY ASKED QUESTIONS

 

Why Stock Trading?
What is a penny stock?
How long does it take to subscribe?
How does the Service work?
What is the system based on?
Are there any subjective criteria to select the “pick” every day?
How long do you hold the trade?
Do you use a stop loss?
Do you short stock?
How do you calculate the YTD return?
How much money do I need to start?
In what markets do you trade?
At what time are the signals sent to subscribers?
Do you send intraday alerts?
Do you limit the amount of members?
What kind of services do you offer your subscribers?
How many picks are given per day?
How much time does it take to operate the system?
What kind of market orders should I use?
Do you trade options or futures?
Is there a trial membership?
How do I cancel my membership?
Do you need further info?

 

Why Stock Trading?
Stock trading is the ideal profession on the internet. It allows anyone to buy and sell stocks on American stock exchanges with a personal computer from home using an internet connection no matter where in the world you happen to live. It allows to make money at your convenience.

 

What is a penny stock?
The typical penny stock is a very small company with highly illiquid and speculative shares. The company will also generally be subject to limited listing requirements along with fewer filing and regulatory standards.Penny stocks are typically growing companies with limited cash and resources.In other words, most penny stocks are high-risk investments with low trading volumes and limited attention from investors.(investopedia)

 

How long does it take to subscribe?
The process is simple, you must fill an order with your paypal account and then you will choose a user and password to get instant access to the member's page.

 

How does the Service work?
As a member, you will receive an email with our daily signals which will also be posted in our member's page. These will be provided the night before of the open market, so as to give you time to send your order to your broker. It can happen that in a certain day the system does not give its signal; therefore there won’t be any stocks to buy that day.

 

What is the system based on?
The system is based on technical indicators and price ranges. it select a maximum of 6 positions open at one time. it generates long and short positions.

 

Are there any subjective criteria to select the “pick” every day?
No, it is a 100% mechanic process. There are no emotions or subjective decisions to select the stock pick every day.

 

How long do you hold the trade?
We hold the stock until position triggers the target price or stop loss, once the target or stop loss is triggered the order should be closed.

 

Do you use a stop loss?
Yes, we do.

 

Do you short stock?
Yes, we trade both sides of the market (long and short).

 

How do you calculate the YTD return?
We posted the sum of all trades. The return on your account will be the sum of all trades divided by the number of open trades and allocation. For example conservative members will want to assign a small portion of their accounts into each trade, while aggressive traders with access to leverage may want to maximize their returns using a higher portion of their accounts.

 

How much money do I need to start?
You only need an account that allows you to trade; you can consult a broker of your preference.

 

In what markets do you trade?
US markets only. We trade only penny stocks from NASDAQ and Amex.

At what time are the signals sent to subscribers?
We send daily signals email also posted in the member's page with the new alerts around 22:30 EST.

 

Do you send intraday alerts?
No, we just send one daily signals email.

 

Do you limit the amount of members?
Definitely, we will limit the amount of members so as to maintain the system unaltered. When we reach a certain number of members, we will stop accepting new ones and only if one of the exiting members should decide to retire shall we allow a new person to enter the system. We must maintain the system effective and profitable.

 

What kind of services do you offer your subscribers?
We offer full email support to our members; Please, do not doubt in consulting us.

 

How many picks are given per day?
We limit the number of our picks to a maximum of 6 from a liquid stock list, we select the six stocks that most reflect our standards. This also permits you to access our system with a smaller amount of money.

 

How much time does it take to operate the system?
It is very simple; you only have to place the order to open the positions at the entry price or send the order to your broker minutes before the market opens.You can make this process automatic with related functions like limit orders; this service is offered by many brokers. Please consult them.

 

What kind of market orders should I use?
The system opens the trade at a specific price or better(limit orders or similar) and close the trade at the target or stop loss (stop limit orders or similar).

 

Do you trade options or futures?
No, we don't.

 

Is there a trial membership?
No, we do not offer free trial.

 

How do I cancel my membership?
You can log in to your account and cancel the order by yourself or just send us an email with your user and password to cancel the service.

 

E-mail: info@pennysystem.com