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Watchlists-Penny Stock Investment Strategy

Top 3 Stocks To Watch Today 🚀

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Written by Timothy Sykes
Updated 10/5/2023 5 min read

Amidst rising bond yields and the Fed’s ongoing battle with inflation…

Many investors might be feeling a bit uneasy with the latest news.

But here’s the twist, while others may see turbulence in the overall market, I’m seeing opportunities left and right with these low-priced plays!

Today, I’m going to share with you three stocks that have caught my attention despite everything happening in the market.

I’ll walk you through how I found them, why they’re on my radar, and what my trading approach is to potentially profit from them.

Are you ready to take advantage of today’s opportunities?

Let’s dive in!

Gritstone bio, Inc. (NASDAQ: GRTS)

Source: StocksToTrade

Do you know what I like about this chart?

If you said it’s a multiday runner, that’s the correct answer!

The way I spotted this multiday runner was simply because of its big percent gain back on September 28th.

Seeing that it’s a multiday runner, there is one thing that I expect to happen…

It’s going to panic!

Who knows when it’s going to panic, it could be today or next week…

But I want all of you to have this stock on your radar if there is a solid morning panic.

Nothing is more powerful than being prepared in today’s market!

GRTS went from $1.20 a share to $2.50 at the time I’m writing this based on this news…

That’s nearly a 110% move in just a few days!

GRTS is also up against a multimonth resistance level, take a look…

Source: StocksToTrade

Knowing that, I’ll be closely watching to see if GRTS can break through this level, and if it can it will face another resistance at around $3 per share.

But if it can’t break through and it does panic, I’ll be looking for a bounce around that $2 mark.

You don’t need to be getting overly aggressive with these trades, and this play was a little choppier than normal yesterday as the volume dipped.

So keep a close eye on it, and make sure there is volume and price movement with this play…

But remember, if it fails to bounce as you expected it to, be sure to cut losses quickly!

Novo Integrated Sciences, Inc. (NASDAQ: NVOS)

Source: StocksToTrade

This is another multiday runner that I’m currently watching…

I first spotted this stock a few weeks ago as it was a StocksToTrade Breaking News alert based on this news…

Every time I spot a stock that is spiking, I add it to my watchlist…

And the reason for that is because it can either keep running or offer you multiple opportunities down the road.

You never know what’s going to happen with these plays, but even though I traded it weeks ago, it’s still on my radar today.

At the time I’m writing this, NVOS was batted down from the multimonth resistance level near the $0.50 mark.

This low-priced play has shown its ability to run, but the price movement has been a little slow for my tasting as of late.

So in the coming days, I’ll be looking to see if NVOS will offer me a solid morning panic for a dip buying opportunity…

More Breaking News

And make sure you’re focusing on key support and resistance areas, along with Level 2 to help you identify a solid entry point.

Histogen Inc. (NASDAQ: HSTO)

This is an interesting play…

And the reason it’s on my radar is because it’s a big percent gainer…

No surprise there!

Take a look.

Source: StocksToTrade

HSTO has been batted down twice at that key resistance level of $0.80, but it’s the latest surge in volume that has helped it squeeze higher.

Short sellers are aggressively shorting this stock near this level, and we’ve seen in the past what happens when they get overly aggressive.

So I’ll be watching to see if this stock could break out through that key level…

But mostly I’ll be waiting to see if it will have a solid morning panic and look for support around $0.60 for it to bounce off of.

One Last Thing

You need to start by looking for big percent gainers…

And you need to understand that not every single one will result in a trade.

The thing is, you need to focus on plays like this to even give you a chance to succeed in this market.

Minutes matter when it comes to trading, so you need to understand how you can put yourself in the best possible position to capture opportunities like these.

The market works in mysterious ways, and what is working today could shift next week or a month from now…

So make sure you’re preparing by taking advantage of these FREE trading sessions to stay up to date on the latest market trends!

I’ll see you in chat.

-Tim

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”