Customer Reviews

Invest in Penny Stocks: A Guide to Profitable Trading

5 star:		(14)
4 star:		(2)
3 star:		(0)
2 star:		(0)
1 star:		(3)

 

 

I am new to investing in stocks and wanted to start with penny stocks to "cut my teeth" so to speak. Although I have invested in some penny stocks and made some money, I wish I would have been in possession of this book before I did.

Don't let the title fool you. This book's information can be applied to penny stocks and "big boy/girl" stocks. It is so plain and straightforward, I couldn't believe it. Things that I did not understand or even think about, Peter Leeds covered in great detail and thoroughly explained each step to investing. I have never read a financial-based book that has so much detail and balances the detail well through plain, easy to understand wording.

I would rate this book 4.75 out of 5. Why not 5?? Unfortunately, Peter refers too much to his $200 a year stock recommendation report (or whatever he calls it) that runs through what he terms as Leeds Analysis. While I am not interested in a $200 a year recommendation report, the book is still a solid, information packed book. To Peter's credit, he breaks down what Leeds Analysis is and how you can do your own analysis. Again, this book is very detailed and thoroughly written.

I highly recommend this book. I have no doubt that long-term wealth is on its way to me through investing in the market (stocks, real estate, etc).

Peter Leeds does a great job of laying out specific tips and strategies for entering into the realm of trading penny stocks. Once a type of stock that was frowned upon and scoffed at, the opportunity for large gains have recently brought them more into the mainstream.
Mr. Leeds helpfully categorizes his information according to the perspective readers skill level (Which was great for a newer investor like myself). Even suggesting that the reader skip certain sections if they are past a certain knowledge level. His aptly named "Leeds Analysis", a thorough, methodical process that potential penny stock investments are put through, is a great model potential investors can use in choosing their own penny stock investments wisely. If you're interested in getting to the realm of penny stocks this a great introduction and guide that will help you avoid pitfalls and hopefully lead you on your way to making great financial gains.

In the movie "Limitless," someone with infinite potential went straight to the stock market to make huge gains quickly. The goal of Peter Leeds' Invest in Penny Stocks is to give you the tools that could help you do the same thing.

The book describes the Leeds Analysis system for picking which penny stocks to invest in, how and when to buy, and how and when to sell. The three main components of his system are fundamental analysis (e.g., financial statements), technical analysis (e.g., trends in stock prices), and Third Level Analysis (e.g., rumors about the CEO of a company.) Leeds goes into nice detail about each of those levels of analysis, and I particularly appreciated the weight he gave to leadership: "A horrible CEO running a great business is likely to fail, while a great CEO running a horrible business is likely to succeed." (p. 111)

I thought Leeds did an excellent job offering helpful content while maintaining a balanced tone. He began the book by pointing out the risks of investing in penny stocks, noting that he doesn't give anyone specific advice about their personal investments, and even sharing his own story of having lost his entire life savings ($3600) in the stock market at the age of 14. I thought he did a good, responsible job of clearly explaining that his area of expertise is not something that everyone should be pursuing. And for people willing to go for it, he wisely recommended starting with paper-trading to get some experience before actually investing cash.

Although I admired the balanced, positive tone and smart content of the book, I thought the references to Leeds Analysis became so frequent that they interfered somewhat with the overall flow of the book. Here's an example:

"I'll also introduce you to Leeds Analysis... More accurately, the method I developed, which I called Leeds Analysis, started becoming pretty good at investing... This is the major driving principle behind Leeds Analysis, the successful trading methodology that I've developed. Out of significant paper-trading... I developed and continually refined Leeds Analysis." (p. vii, 29)

If you can stay focused on the content without being distracted by that one issue, I think this is a very valuable book. If you pick it up, I hope you get a good return on your investment!

I've been doing some trading and learning over the last year. Started to mess around with a $500 account, and 13 months later my portfolio is over $5,500.... alot of luck im sure, but i am hungry to learn alot. As a novice trader, i read all of the feedback about this book, and im convinced they were all from the publisher. This book is a waste of time, and about 1 page of it was informative. The first half of the book, Leeds spent numerous pages telling you that you will never make a fortune with penny stocks. And the rest of it was filled with the rhetoric that you only have a chance to make money in penny stocks if you subscribe to his analysis webpage or service. if you have 35,000 that you tell to buy a stock at a certain time, ya the stock is going to jump, and make the Leeds Analysis look like a Godsend. Ive learned more watching a few Etrade webinars. Save your money.

Before this book I thought that I knew what to look for when doing research on a company and that I would always fall short and wonder why I wasn't able to find the companies that were small but had great potential. This book outlined for me all the aspects to what makes a company great and how to find them out of the thousands of small/undervalued companies out there. It does still take some work to find the best companies but it is very easy to find out which companies are in trouble and the one's I don't want to invest in. Thanks Peter for a great book.

Peter Leeds has done a excellent Job explaining to the readers of "invest in Penny Stocks" what to look at, what to look for and how to truly understand a companies financial statements. I love it already. I understand stand how to invest properly because of Peter and you can't put a price on that. Thanks Peter Leeds

I have been trading pennies for over 5 years and consider myself rather knowledgeable in the area having made money all 5 years.

After reading Leeds' book and watching some of his interviews it is pretty apparent that this all funnels to signing up for his subscriptions. He makes his money on subscriptions and not on trading stocks.

While the book does have some points of interest it is rather generic and obvious, meaning anyone with some sort of intelligence should know a majority of the information contained in the book. "Strong fundamentals" "Strong Management" "Proven Revenue" Lots of that throughout the book.

It is curious as to why there is not a single bad review or take a look at the Wikipedia page, not a single criticism. In the age of the internet that is near impossible, I am sure he is a nice guy with all his charities etc. but as far as educational this book is not in my opinion.

You are better off just opening a play account and learning yourself for a few months.

This book is full of very good information about trading. He teaches you how to pick companies with huge potentials to invest with which limits your risk. He has a proven track record. VERY easy to understand unlike some of the others out there that requires a degree just to understand it's language. Peter Leeds is a "GURU" at this field. I have learned A LOT from this book. Well worth the money! Thanks Peter!

This book on investment is interesting and is probably worth a read. However, readers who want more detailed information would do better reading Stock Investing Simplified

I bought this book about 3 weeks ago, had it read in a couple days. It was hard to put this book down to be honest. Some of this book was simple review but much of it was gaining new information. It really opened my eyes in many areas and has changed the way I trade penny stocks. The day after I read this book it saved me about $500 in a potential loss. I followed the information in the book and limited my loss to $89.00. If I would have had all the information I have now, I would have never bought the stock to begin with! This is a 5 star book in my opinion!