Wouldn’t it be great if there was a master penny stocks list where you could find all the best trades and get rich FAST?
Sorry. That’s not a thing.
I’m not being a jerk. Penny stocks are ever-changing. A penny stock refers to any stock under $5 per share. Depending on the circumstances, it could shoot past that barrier fast.
Like Blue Apron Holdings, Inc. (NYSE: APRN). It shot from the $2s to the high $20s during the early days of the pandemic. Stocks can go from penny stock to not-penny stock quickly.
That’s why you’ve gotta watch my no-cost resource, “The Volatility Survival Guide.” It’s designed to help traders like you understand how a volatile market can keep penny stocks in a constant state of flux.
So rather than looking for a comprehensive list of what’s considered a penny stock right now, it’s smarter to get to know the patterns that could lead to spikes like we saw with APRN.
This post is all about teaching you what to look for. I’ll do that by showcasing penny stocks that have been on my list in 2020.
The stocks I mention here probably won’t be in play by the time you read this. But you can still learn from them. By learning from the past, you can be better prepared for the future.
Table of Contents
- 1 What Is a Penny Stock Watchlist?
- 2 Where Can You Find a List of All Penny Stocks?
- 3 Nasdaq Penny Stocks List
- 4 Penny Stocks List: 6 Penny Stocks to Watch in 2020
- 5 Penny Stocks List: Hot Penny Stocks Under $1
- 6 Penny Stocks List: Top Penny Stocks Under 10 Cents List
- 7 Best Online Brokers to Trade Penny Stocks
- 8 Can You Make Money Trading Penny Stocks?
- 9 Get Smart About Penny Stocks
What Is a Penny Stock Watchlist?
Every trader should know how to build a penny stock watchlist. That’s a short list of stocks you identify as contenders for trades. You can learn more about watchlist basics here:
A penny stock watchlist is exactly what it sounds like — a watchlist of penny stocks. Every watchlist will be a little different. Yours might focus on a specific sector or price point.
Why You Need to Have a Penny Stock Watchlist
The NYSE has over 2,500 stocks. The Nasdaq has over 3,300 stocks. There are more than 10,000 OTC stocks.
If you wanna drive yourself crazy, try to keep track of the most promising opportunities without narrowing down the choices.
Rather than choosing my trades from nearly 20,000 random tickers, I like to cherry-pick trades from a much smaller pool.
When you have a penny stock watchlist, you can keep a close watch on the most promising potential trades. You can have a trading plan ready so you’re prepared if stocks hit your ideal trading criteria.
Remember: your watchlist is a list of penny stocks to watch, not a ‘penny stocks to buy’ list. You should be discerning about what goes on your watchlist and when you actually enter trades.
Need guidance with watchlists? (Sign up for my FREE weekly stock watchlist here.)
Where Can You Find a List of All Penny Stocks?
If you Google something like ‘list of all penny stocks,’ the results can be confusing.
Remember … penny stock status could change at any moment if it goes above $5 per share.
Plus, if you’re trading penny stocks, you’re not just looking for the cheapest stocks. Ideally, you’re looking for a stock in a hot sector, with volume, and with news.
That’s where a stock screener comes in. A great stock screener can help you filter down the many choices out there to the stocks with the most potential.
My #1 tool for finding great trades? StocksToTrade.
Yep, I’m biased — I helped design the platform. I also helped build some of the custom scans that help me and my Trading Challenge students find potential plays. I’m proud of what I’ve helped create, and I believe in the platform.
With STT, it’s easy to filter by percent gainers, volume, and price. And you can see social media mentions and links to relevant news stories.
Plus, STT has the awesome new Breaking News chat … Right now, this is one of my top tools for finding the most promising plays.
Nasdaq Penny Stocks List
Regardless of the exchange you prefer, you can use a stock screener to filter down the stocks in a particular exchange.
You can also see a full list of all Nasdaq stocks here.
(*Please note: My trading results, along with those of my top students, are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work, experience, and dedication. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
Penny Stocks List: 6 Penny Stocks to Watch in 2020
Things can move really fast in the world of penny stocks. Today’s runner could be dead in the water tomorrow.
That means it’s hard to make a watchlist too far in advance. It’s also why you need to constantly update yours.
I send alerts to the students in my Trading Challenge whenever I make a trade, both via Profit.ly and my Trading Challenge chat room. And I never want students to just blindly follow my alerts, but I do want them to learn from every trade.
If you want to get a better understanding of stocks like this and how they move, check out my NEW, low-cost resource, the 30-Day Bootcamp.
It’s also a great warm-up for my Trading Challenge, the ultimate trading education and resource.
But back to the stocks…
#1 Blonder Tongue Labs, Inc. (NYSEAMERICAN: BDR)
Blonder Tongue Labs, Inc. (NYSEAMERICAN: BDR) was one of the biggest runners on August 19, 2020. It went from the $1.50s to the $3.80s … in less than an hour.
I didn’t trade BDR. However, several of my students did and reported profits.*
That’s part of why I want to talk about this stock. It demonstrates one of the biggest goals I have as a teacher. Being a trader is not about following hot stock picks. It’s about being self-sufficient and finding plays all by yourself.
There are a lot of lessons you can learn from this trade. I even made a video breaking it down in detail, including some of the killer trades my students made. Check it out:
#2 GreenPower Motor (OTCQB:GPVRF)
Here’s a near-perfect example of one of my favorite patterns: the morning panic.
On August 25, 2020, GPVRF started to spike early. I bought at $2.60, hoping for a 5%–10% bounce…
… and bounce it did. I sold by 9:36 a.m. at $2.89. All said and done? A nice $4,350 profit.* As I noted in my trading synopsis on Profit.ly, “Absolutely perfect from start to finish…”
That’s one of the great things about my patterns … Traders can learn to adapt them to any type of market condition. Cheers to the multi-day runner and the many opportunities it can provide for prepared traders!
Penny Stocks List: Hot Penny Stocks Under $1
#3 DSG Global Inc (OTCQB: DSGT)
I’ve traded this stock a few times in recent memory.
DSGT actually started kicking into action on Friday, August 21, 2020, with a run-up from 1 cent to about 30 cents.
I missed it, and that’s OK. In over 20+ years in the stock market, I’ve learned there will always be another opportunity.
My chance came sooner than later. On Monday, August 24, 2020, it might not have looked like a huge morning panic, but when it dropped from about 27 cents to 22 cents, I bought it.
That first trade was decent. Then there was an intraday panic when it dropped from about 25 cents to 19 cents.
It was a bigger panic, so I took a bigger position for the bounce. It was fast — and utterly glorious. I made $3,293 in profits.* Overall I had three trades — the other two made me $1,350 and $1,279 profits.*
I wasn’t looking to trade once, much less three times. But I was able to make a few cents a share, and when I bet bigger, I made a bigger profit.*
If you want to understand this pattern better, you’ve gotta understand dip buying. And you’ve gotta memorize the morning panic…
Don’t miss my post on dip buying morning panics.
Best of all? Since I donate all of my profits to charity, these trades helped me make a bigger contribution to the firefighters in California:
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#4 Galaxy Next Generation Inc (OTCQB: GAXY)
How did I see this spiker coming? Because I’ve seen the pattern before!
On August 26, 2020, GAXY started running. It had a nice breakout, nearly doubling in price.
I actually underestimated the spike. At first, I made a $674 profit. But then again, I teach my students to trade scared…
The second time, there was a bigger panic — so I took a bigger position. As I wrote in my trade commentary, my goal was to make 10%–20%.
It was a rush. And there was some stress because the executions were tough in spite of good volume. So the second time, I made $4,419 in profits. It contributed to my nearly $10K day.* All thanks to this pattern…
Penny Stocks List: Top Penny Stocks Under 10 Cents List
#5 Tautachrome Inc (OTCPK: TTCM)
This company came out with an SEC filing. A lot of people don’t read SEC filings, but they should. This filing contained four magic words … “Press release to follow.” Suddenly, it became a ‘buy the rumor opportunity.’
I bought, then sold when I hit a wall of sellers. Then I saw another entry, so I rebought, sold part, and sold the rest at the next day’s market open.
The overnight PR I was hoping for didn’t happen. But the hype created opportunities, and I made over $2K in profits* between two trading days. Be sure to read my trading notes on this one. It’s why I log every trade and commentary publicly on Profit.ly.
#6 NaturalShrimp Inc (OTCQB: SHMP)
Repeat after me: former runners can run again.
When I was looking for a morning panic, I saw that recent runner SHMP was running again. I was interested … but cautious. This stock has burned me in the past, so I wasn’t going to get aggressive.
This was actually kind of a frustrating stock. I got a decent bounce, but the breakout actually finished at its lows. I can’t think of a ton of OTC stocks that have done that, and I don’t like things that aren’t predictable. So I didn’t get greedy and just took my nice little $858 profit.*
This stock actually had a roughly 11 a.m. bounce — a new pattern I’ve seen emerging. That’s a great lesson in why you need to adapt. Patterns can morph. It’s not always about a 9:45 a.m. bounce.
Best Online Brokers to Trade Penny Stocks
When it comes to trading penny stocks, your broker matters.
For one, you’ve gotta make sure that your broker offers access to OTC markets. Some brokers, like Robinhood, won’t have access to a lot of low-priced stocks. Do your research if you want to trade penny stocks.
And don’t go with the first broker you find — or the cheapest. You can find yourself paying in other ways, like hidden fees or shoddy execution.
There’s no such thing as a perfect broker. But some suck less than others.
I use two key brokers to trade — E-Trade and Interactive Brokers. They both have their advantages and disadvantages. For a more in-depth look at my thoughts on brokers, check out this post and watch this video…
Can You Make Money Trading Penny Stocks?
The answer is yes, BUT … There are no guarantees in trading or life.
Personally, I’ve made millions of dollars trading penny stocks.* You can read more of my story in my book, “An American Hedge Fund” (it’s no cost).
These days, I trade to teach and donate all my profits to charity. Each year, I start over with a small account. So far in 2020, I’ve made over $680,000 trading penny stocks.*
But it’s not like this every year. In 2019, the market wasn’t as crazy, and I made about $125,000.* A hot, volatile market can change everything.
I can also tell you about my students’ success stories. Roland Wolf started trading with $4K and recently passed the million-dollar mark.* Now, he’s educating students with the highly anticipated $1K Payday Summit.
These results aren’t typical. I can’t tell you what will happen if you start trading. But I’ll teach you everything I know.
My top students get it. They’re willing to work hard. Like this one student who even made a worksheet based on my teachings…
I LOVE my https://t.co/EcfUM6l2S3 students SO MUCH! Here’s a new PREPARE sheet by one of my newest students Kelli, how great is it?! Did you know that https://t.co/KszAsxSXwE was written by a more organized student & my new https://t.co/5na3WlyHE9 was created by @mono_trader too! pic.twitter.com/Rg8OlhrngI
— Timothy Sykes (@timothysykes) August 29, 2020
Are you willing to work toward making your goals a reality?
Get Smart About Penny Stocks
Most people don’t understand how the penny stock niche works.
- It’s NOT about finding companies you believe in and investing in them.
- Trading penny stocks is NOT about randomly trading cheap stocks.
It requires strategy and mindset.
I’ve learned the patterns that repeat in the market and how to use them to my advantage as a trader.
My students have followed my lead. My student Jamil even broke down all of the basics of my strategy in his book, “The Complete Penny Stock Course.”
Are you ready to get smart about trading and become a self-sufficient trader? Consider applying for my Trading Challenge.
How do you build penny stock lists for potential trades? And what did you learn from these recent runners? Leave a comment!