My Million Pound Penny Stock Punt Experiment V2.0:
Aim: to go from £1,000 to £1,000,00 in 10 trades.
Method: To invest £1,000 into a penny stock with 100% upside potential. As soon as I’ve doubled my money I will sell that stock and look for the next penny stock with 100% upside potential.
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This is how the maths works:
Trade 1: £1,000 turns into £2,000 – you can see my 1st stock choice by clicking here
Trade 2: £2,000 turns into £4,000
Trade 3: £4,000 turns into £8,000
Trade 4: £8,000 turns into £16,000
Trade 5: £16,000 turns into £32,000
Trade 6: £32,000 turns into £64,000
Trade 7: £64,000 turns into £128,000
Trades 8: £128,000 turns into £256,000
Trade 9: £256,000 turns into £512, 000
Trade 10: £512,000 turns into £1,024,000
I have a shortlist of penny stocks I’ve screened to fit certain criteria that I believe is needed in order for them to achieve 100% upside.
In the last year or so I’ve also become a lot more familiar with the mechanics of penny stocks and how the junior market works.
So I’ve decided to go for, “My One Million Pound Penny Stock Punt Experiment v2.0”
To find out the first stock I’m going with please click here to sign up to my weekly blog