I have been a member of Microcap Millionaires for over 3 years now and will share my opinion of his service to help you make a decision if his service is for you. I will give you an honest overview of his service, the good and the bad.
I signed up for Microcap Millionaires with a pretty small account, $5,000. I was a little nervous about buying penny stocks and you probably are as well.
Not all of his picks are penny stocks however; microcap just means a stock with a capitalization of $50 to $300 million.
Microcap Millionaires was started by Matt Morris in 2008. Matt discovered he had a real talent for finding profitable penny stocks. After having success for many years decided to start a service to help the average person like you and I.
Matt’s service is ideal for the person with a smaller account and wants to grow it into something more substantial. His service does not require you to be watching the market all day.
So for those of us with day jobs this is ideal. I was looking for something to supplement the other stock service I was using, Jason Bond Picks.
While Jason focused mainly on mid to large cap stocks targeting smaller gains with a conservative approach, I also wanted to “gamble” a little bit and look for some home runs.
Penny stocks are the ideal place to look for the home run stock. The type of stock that goes up 100%, 200% in just a matter of days!
As a paying member of Microcap Millionaires you will receive newsletters via your e-mail detailing his latest picks. The newsletter provides you with the all the information you need to be successful at buying and selling penny stocks.
Microcap Millionaires provides you with specific entry and exit points, taking the guess work completely out of the equation.
All of his picks have background information as to why he picked them so that you are not just getting a stock symbol and told to buy it. This way you can have more confidence in his picks and can learn from them should you decide to go it alone.
Matt prides himself on providing his customers with a no nonsense service and does not waste your time and money with “hyped” stocks. Matt Morris is not in the business of making a quick buck from you, but rather wants you to be satisfied for years.
Microcap Millionaires operates on a simple concept: Exploit oversold stocks. Take advantage of reverse mergers, sub-penny stocks and “bottom bouncers”.
This is one my favorite features. I always find it interesting chatting with other people about stock trading. You can learn a lot from the other traders.
You can get some great picks from other members; many times their picks are as good as or better than Matt’s! Just be careful with their picks, you will learn quickly the people who know what they are doing.
This is one area that Matt has been improving on over the last year. He has recorded several videos detailing the specific methods he uses to make his stock picks.
They are very well done and extremely informative. You will be able to find the type of stocks the Matt looks for in no time.
There are also many downloadable reports containing most of the same information the videos have, just in text form. You could also print them out if you want a hard copy.
While he doesn’t have as many videos as Jason Bond, there are more than enough covering topics like; basic technical analysis, support and resistance and money management. The videos show you how and why he picks the stocks he does.
Matt Morris offers his service at a very reasonable cost. He offers you a FREE trial with 2 free picks and one of his most profitable strategies, all you have to do is sign up.
Have reasonable expectations, you’re not going to make millions from a $2,000 account BUT you can make some solid gains and be able to turn your small account into something more substantial.
Penny stocks are notorious for attracting scam artists so it’s refreshing to find a reputable service like Matt’s.
Matt’s service offers up some great gains, the only problem is that if you don’t have access to the markets during the day you will not be able to take advantage of his special opportunity trades.
Since his focus is mainly on microcap stocks, keep in mind they can be volatile. This is great on the upside but the downside can be stomach churning.
You should put your orders in using a limit, meaning you will only be filled at your price or better. The spread on some microcap stocks can be wide and will affect your profitability depending on where you enter and exit.
I’m not a big fan of the “video sales pitch” he uses, but don’t let it deter you from his service. I would also like to see a SMS alert like Jason Bond has.
I have found Microcap Millionaires to be a great compliment to Jason Bond. I get to shoot for the home runs and also have a more conservative approach with Jason. This way I get the best of both worlds.
The biggest testament to the quality of a service is how long people stay signed up for. I personally have been a member for over two years and have chatted with other members in the chat room who have been a member for over 4 years.
Now that tells you something!
Matt is reputable guy that responds to emails in a timely fashion. He keeps his subscriber list small so that he can offer personal attention to his clients. His Penny Stock Newsletter is a cut above all the other penny stock picking services found online.
If you want to invest in penny stocks then Microcap Millionaires will be worth your time and money. He offers a 60 day money back guarantee so if you are not happy with the service it won’t cost you a dime.
Just remember; these are microcap stocks and they are volatile, do not risk too much money on any one pick, they will not all be winners.
If you interested in a more conservative stock picking service read my Jason Bond Picks Review
Q. Does Microcap Millionaires offer a money back guarantee?
A. Yes, Matt offers a 60 day money back guarantee so you can fully try out his service and see if you like it with no risk!
Q. Is there a Free Trial or Coupon for a discount?
A. No is the answer to both. On rare occasions I have seen a 1 week trial but not in quite a while however.
A. Yes, when you get a notification of a trade, login to your trading account and check the latest price. If its already above the alert price, what I do is buy half my position in case the stock just runs away.
Then I put in a limit order to buy my second half of the position at the alert price. I find that over 80% of the time I get the lower fill as well. When you are first starting out, I would just buy at the latest price to be assured that you get in.
Q. Can you recommend a broker to use?
A. Yes, I like Options House, you can read my review here. Its an ideal discount stock broker for swing traders.
Q. How much money do I need to start?
A. This is a tough question to answer, I wrote an entire post on it, click here. In a nutshell, don’t try swing trading with less than $2,000
Q. I don’t live in the United States, can I still join?
A. Yes, you will need to open an account with a brokerage that allows you to buy stocks on the US exchanges. There are many that do, Options House and Interactive Brokers are two that I use and people in most countries can open an account with them.