Top Penny Stocks to Watch for March 2022

Tip #1: Search for Massive P.c Gainers

My methodology of selecting which penny shares to observe all the time begins right here. On the finish of day by day — and once more in premarket — I search for the largest % gainers. And that’s what I concentrate on. I’m not interested by shares that aren’t on the transfer.

I take advantage of StocksToTrade inventory scanning software program. With 40+ built-in scans — some created particularly for my methods — it’s superb proper out of the gate. Sure, you can too create customized scans. (Trace: if you begin utilizing the software program there’s a bunch of coaching movies on learn how to set these up. Take benefit.)

Tip #2: Search for Massive Quantity

The subsequent factor to search for when selecting the very best penny shares to observe is buying and selling quantity. Typically a inventory makes an enormous % acquire, however the buying and selling quantity is so low it doesn’t make sense to commerce it. One of many prime penny shares to observe this month, Rivex Expertise, is hard to commerce as a result of the amount is so low.

So after I discover the massive % gainers, I set up them in response to buying and selling quantity. Pay attention to greenback quantity traded, too. You probably have a real penny inventory buying and selling at 2 cents a share, and it trades a million shares, that’s nonetheless solely $20K. It’s important to be meticulous.

Tip #3: Search for a Information Catalyst

The subsequent factor I search for when selecting penny shares to observe is what’s making it transfer? Is there a press launch saying a brand new contract? What about constructive earnings? In biotech and pharma penny shares you would possibly see information of take a look at outcomes. Learn this put up to study extra about catalysts.

(Additionally learn chapter II.7 Understanding Catalysts in “The Full Penny Inventory Course.” If you have already got the guide … it begins on web page 183. If you happen to don’t have it … get it now.)

Tip #4: Have a look at the Lengthy-Time period Chart

Once you’re looking for the very best penny shares to observe, it’s straightforward to get fooled by one-day or one-time spikers. So have a look at long-term charts to see if the inventory has a historical past of multi-day runs or has gone supernova prior to now.

Which long-term charts? As many as you’ve time for, actually. However on the very least, have a look at the one-year chart. I wish to look again a few years relying on the inventory and the information. If the inventory trades a sure manner when the corporate declares an enormous contract, I need to know.

Tip #5: Use the Twitter Scanner on StocksToTrade

This would possibly sound somewhat unusual if you happen to’re new to penny shares. However if you wish to perceive which penny shares to observe, among the best methods is to see what others are watching. Or, extra precisely, hyping.

Sure, Twitter has change into a car for affect with inventory merchants. Need to know which penny shares are being closely shorted as a result of they’re up 50%? Take a look at Twitter. Use StocksToTrade as a result of the scanner is built-in. All you need to do is open the Twitter scanner and, voila, you get a operating feed of inventory tweets. And you’ll customise the feed if you happen to like.

Regularly Requested Questions About Penny Shares

I get quite a lot of questions from college students. Factor is, my college students already settle for that penny shares present an enormous alternative. And so they’re finding out to study the methods and guidelines.

However there are quite a lot of misconceptions about penny shares. And I need to tackle a couple of of these now…

If Most Penny Inventory Corporations Fail, Why Not Simply Quick Promote?

As a result of it’s a really harmful, overcrowded sport proper now. The extent of threat so many moron beginner brief sellers take today is unconscionable. It’s utterly loopy.

After all, you will be profitable as a short-seller. A lot of my prime college students concentrate on brief promoting and I’ve personally made thousands and thousands from brief promoting. However the variety of messages I get nearly each day from short-sellers getting caught briefly squeezes is … scary.

How A lot Cash Do I Have to Get Began?

I’m going to say, once more, put money into your schooling first. It doesn’t take an enormous sum of money to get began buying and selling. Completely different brokers have totally different account minimal necessities. (I take advantage of these brokers and keep away from offshore brokers altogether.)

However the market will make you pay extra if you happen to aren’t ready. Preparation is essential. The inventory market is a battlefield, so arm your self accordingly. Understand that my prime college students all studied laborious over time to get persistently worthwhile. Tim Grittani — arguably the very best penny inventory dealer on this planet — didn’t make something for 9 months.

So earlier than you fund a buying and selling account, fund your information account. If you happen to’re not fairly prepared for the Buying and selling Problem, strive Pennystocking Silver. It provides you entry to greater than 6,000 video classes. (You additionally get entry as a Buying and selling Problem scholar, in fact.)

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