I’ve relied heavily on a stock selection list for many years now because it’s a much more cost-effective alternative to hiring someone to handle my analytical work, it lets me control my own investing, and it completely removes emotions and other human error from factoring into my trades because every move I make is strictly the result of algorithmically analyzed market behavior.

Given the popularity of this technology especially in recent years, there are now more stock lists screaming for your attention than ever. This is why I’ve put together these three tips to keep in mind to select the absolute best stock selection list to enable you to realize your financial independence even in today’s difficult stock environment.

One thing to look for which weeds out the lemons and inefficient programs from the rest is a moneyback guarantee. If the stock selection list doesn’t have this guarantee in place, that always raises some questionable flags in my mind and in my experience the best publishers have always encouraged that I take that guarantee and even try their programs first-hand. Typically you’ll find guarantee periods of 30 to 60 days and I oftentimes use that to receive a handful of picks to get a feel for the program and just as importantly to gauge the performance of its stock picks in the market without having to risk anything beforehand.

Secondly, avoid the free lists as historically these are more often than not pump and dump scams which employ no analytics or algorithms whatsoever. Instead, whoever is behind the program arbitrarily picks stocks which they want to see perform well and invests in them heavily themselves before sending out that pick to whoever will listen in hopes of pumping up its value by way of high volume and quantity trading. That person then sells off their shares and leaves everyone else with the mess. The free programs are always notorious breeding grounds for this kind of activity, so be aware of that and read something about the stock selection list before you listen to it.

Finally, go with a stock selection list which limits its scope to identifying high probability penny stocks or greater priced stocks. Being that penny stocks require far less trading influence to affect their prices, it’s a completely different process from an analytical standpoint anticipating behavior of cheaper stocks because of this. It’s not a question of which is better, but just make sure that it focuses its attention exclusively to one or the other.

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