The Money Philosophy Blog Keeps Picking Winning Stocks

A few weeks ago Money Philosophy thought it would be a good time to get back into the stock picking game after having been out of it for a few years. He was immediately drawn to stocks such as GM and C (Citigroup) which had taken a huge hit since the stock market fell through the floor in September of 2008.

The GM and C picks were extremely successful and that got him interested in looking for other stocks like them. He found a couple of microcap stocks, CTIC and LJPC, that looked like they may break through with big gains.

That turned out to be correct as both CTIC and LJPC ended up being huge winners.

He thought that he may actually be onto something big with the way he was choosing these stock picks so he decided to try and build a stock screen screen which would find more stocks like them right before they were about to have big gains.

The reason I’m writing this article right now is because his first stock buy with this new screen reached a high 40% above it’s open today and that certainly impressed the heck out of me. My imagination is off and running with the big gains I could make by following his penny stock picks.

Obviously I don’t expect every stock pick he or anyone else makes to have big gains. No way. It’s also key to know that a gain isn’t “official” until the point where you actually sell the stock. Making the decision of when to sell is just as important as deciding when to get in. The cool thing is that he also makes a post on his blog (and on Twitter) when he sells.

He doesn’t share the precise way he screens for these stocks as I guess he’s a little too selfish to share all of his trading secrets but he shares more than  most do.

Of course he doesn’t suggest that people should buy his stock picks. There is really nothing to gain from that. It’s always recommended that you do your own investigating before trading.

While it may be tempting to sign up for The Day Trading Robot or Easy Forex, I honestly think you would have better gains just by following what he’s doing. And of course the really awesome thing is that it’s totally free.

One final note: It’s definitely a good idea to make “imaginary trades” before you start making trades with real money when trying a new stock picking strategy.