A lot of people don’t take penny stocks seriously. Penny stocks are those stocks that typically trade for less than $5 per share. Most of these stocks are traded on the Over the Counter Bulletin Board (OTCBB) and Pink Sheets. The regulation on OTCBB is not as strict as that of regular stock exchanges like the New York Stock Exchange (NYSE).

This makes trading penny stocks a bit risky. So invest only that money that you can afford to lose. The best way is to start with only something like $200 and increase that amount by a large sum over time. What this means is that you are not going to add more to that $200 and let it grow over time with a series of well-planned operations. This way, you will never lose more than $200 of your hard earned money on this venture.

This is the story of James Connelly, an Ivy League statistical genius, and how he found a secret mathematical formula that would tell him when a penny stock was on the brink of a breakout and about to make a big move in the market. He started with just $1K and in just 38 trades he turned that amount into $1M in 1 month. The average return per trade for him was 20%.

As a student, James Connelly majored in mathematics with a primary focus on finding winning stocks. He was convinced that he could find a statistical formula that could predict winning stocks. He spent months researching trading patterns, volume, and resistance levels to find the secret recipe that would predict winners.

He eventually discovered that Psychological Support Level (PSL) was the key variable that determined the four shared variables of winning stocks. He developed an algorithm that used PSL as a key factor in determining the winners. He applied that to penny stocks and was able to pretty much demonstrate how anyone can turn $1K into $1 million with penny stocks. He is also known as Prophet Stock!