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Stock picking software is designed to find profitable opportunities such as the makings of profitable trends in the market so that you can react accordingly and take advantage of them. Many programs focus on lower risk but high profit potential stocks like penny stocks which are lower in value, enabling you to buy thousands of shares here and there and see them climb as it's quite common for these inexpensive stocks to go on quick bursts here and there, enabling you to sift a quick profit off the top here and there if you have the right information, the information which stock picking software provides and works so well with for these reasons.
Stock picking software as a technology is growing in popularity and is generally thought to be a smarter lower risk way to trade because no emotions, human error, or guesswork are involved these picks at all. Instead every generated pick is done so based on market data and nothing else. These programs employ algorithms which look at successful trends and bursts in penny stocks from the past and more specifically at the details which led to those trends to form. They then look at real time market data to look for similarities then investigate further until they deem what they consider to be a profitable trend.
From there the stock picking software emails you so that you can trade accordingly. For example, I began using Day Trading Robot several months ago and the first pick it sent to me was a penny stock valued at 19 cents a share. I scooped up roughly a thousand of them for around $ 200. Nearly two short days later sure enough that stock had burst up to 31 cents a share, then eventually maxed out at 48 cents, nearly tripling, about at which point I got out. I only wished that I had put more in, but that being my first generated pick, I still had my doubts. Since then I have had some of the picks it's generated for me triple and then some in value.
I'd like to point out that not EVERY stock which this stock picking software has generated for me has turned out to be as lucrative and it does vary. But roughly 9 out of 10 picks at this point have all made me money, so I cannot complain. Plus one of the best things to remember during this whole process is that all of the leg work is already done for you, you don't have to do a thing but place the recommended trades online using a basic online trading account, then watch them explode in most cases.
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