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Stocks under $1 is used to find the best penny stocks to watch for December 2024. Use our free penny stock scanner to search for top penny stocks to buy on Robinhood 2024.

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published on November 29, 2024

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Symbol Company Open High Low Close Volume Percent
BSLK Bolt Projects Holdings Inc 0.95 0.98 0.64 0.71 81M 139.86%
HOVR New Horizon Aircraft Ltd 0.52 0.79 0.52 0.67 20M 39.15%
OPTT Ocean Power Technologies, Inc 0.44 0.53 0.42 0.50 88M 35.65%
SGBX Sg Blocks Inc 0.39 0.55 0.39 0.48 13M 26.36%
DEVS 1.14 1.23 0.92 0.96 46M 25.33%
RENB Renovaro Biosciences Inc 0.65 0.83 0.65 0.76 897K 23.94%
OMEX Odyssey Marine Exploration, Inc 0.38 0.49 0.38 0.46 3M 22.85%
BMRA Biomerica Inc 0.39 0.45 0.37 0.39 25M 20.93%
PHGE Biomx Ltd 0.64 0.72 0.63 0.71 173K 18.13%
CYCC Cyclacel Pharmaceuticals Inc 0.34 0.44 0.34 0.41 2M 17.39%
WAI 0.44 0.53 0.40 0.52 5M 16.77%
BCTX BriaCell Therapeutics Corp 0.85 1.01 0.85 0.98 2M 16.63%
TTOO T2 Biosystems CS 0.52 0.58 0.50 0.57 2M 14.94%
INUV Inuvo, Inc. 0.26 0.30 0.26 0.30 601K 14.91%
QTI QT Imaging Holdings Inc. 0.50 0.55 0.48 0.55 107K 14.42%
KUKE Kuke Music Holding Ltd 0.35 0.40 0.34 0.40 694K 14.25%
ONDS Ondas Holdings Inc 1.12 1.20 0.94 0.98 17M 13.55%
LGHL Lion Group Holding Ltd ADR 0.21 0.21 0.18 0.20 32M 12.31%
USAS Americas Silver Corp 0.37 0.43 0.37 0.41 1M 12.11%
RR Richtech Robotics Inc. 0.67 0.78 0.66 0.74 4M 12.02%
GRYP Gryphon Digital Mining Inc. 0.66 0.70 0.64 0.70 788K 11.76%
OMGA Omega Therapeutics Inc 0.84 0.89 0.81 0.88 189K 10.96%
KWE KWESST Micro Systems Inc. 0.69 0.83 0.65 0.79 565K 10.90%
GLYC Glycomimetics Inc 0.31 0.36 0.31 0.35 1M 10.80%
MNTS Momentus Inc 0.55 0.62 0.55 0.61 1M 10.64%
GGR GeoGlobal Resources Inc 0.58 0.64 0.58 0.62 1M 10.60%
TFFP Tff Pharmaceuticals Inc 0.30 0.34 0.29 0.34 703K 10.59%
ATCH AtlasClear Holdings Inc 0.21 0.23 0.21 0.22 2M 9.99%
AWH Allied World Assurance Holdings, Ltd 0.82 0.90 0.80 0.89 122K 9.88%
DRIO Dario Health Corp 0.75 0.84 0.75 0.79 68K 9.55%
CTCX Carmell Therapeutics Corp 0.29 0.36 0.27 0.30 594K 9.46%
FGEN Fibrogen Inc CS 0.40 0.43 0.38 0.42 1M 9.18%
CMCT Cim Commercial TR Cp 0.27 0.28 0.26 0.27 539K 9.16%
LYRA Lyra Therapeutics Inc 0.19 0.21 0.19 0.21 1M 9.05%
OGEN Oragenics Inc 0.31 0.32 0.30 0.32 178K 8.90%
SLE Sara Lee Corp 0.55 0.56 0.51 0.56 144K 8.72%
LDTC LeddarTech Holdings Inc 0.26 0.32 0.26 0.29 367K 8.48%
WATT Energous Corp 0.48 0.53 0.48 0.51 38K 8.18%
ONVO Organovo Holdings 0.46 0.48 0.41 0.48 1M 7.97%
VINC Vincerx Pharma Inc 0.27 0.29 0.27 0.28 126K 7.88%
CVM CEL-SCI Corporation 0.62 0.66 0.62 0.66 210K 7.79%
CDT Conduit Pharmaceuticals Inc 0.10 0.11 0.10 0.11 9M 7.67%
JBDI Jbdi Holdings Limited 0.60 0.66 0.60 0.66 136K 7.58%
NKGN NKGen Biotech Inc 0.37 0.43 0.36 0.40 364K 7.47%
HSDT Helius Medical Technologies Inc 0.47 0.49 0.46 0.49 34K 7.32%
BNGO Bionano Genomics Inc 0.24 0.26 0.24 0.26 2M 7.30%
SES SES AI Corporation 0.34 0.36 0.34 0.35 1M 7.26%
BLUE Bluebird Bio 0.38 0.41 0.37 0.41 5M 7.20%
DUO Fangdd Network Group Ltd ADR 0.56 0.59 0.53 0.58 2M 7.15%
INVZ Innoviz Technologies Ltd 0.73 0.79 0.72 0.76 1M 7.14%
MCRB Seres Theraptc 0.95 0.99 0.94 0.98 4M 7.10%
EONR Eon Resources Inc 0.78 0.80 0.77 0.80 29K 7.05%
TOON Kartoon Studios Inc 0.63 0.70 0.62 0.67 269K 6.85%
CYTO Altamira Therapeutics Ltd 0.40 0.43 0.40 0.43 81K 6.81%
HUBC Hub Cyber Security Ltd 0.52 0.59 0.52 0.55 3M 6.71%
EYEN Eyenovia Inc 0.10 0.10 0.09 0.10 6M 6.57%
IVP Inspire Veterinary Partners Inc. 0.21 0.23 0.21 0.22 1M 6.56%
CUTR Cutera, Inc 0.50 0.50 0.46 0.49 518K 6.54%
WBX Wallbox N.V 0.64 0.69 0.61 0.66 503K 6.45%
SHFS SHF Holdings Inc 0.44 0.48 0.42 0.46 151K 6.40%
ADTX Aditx Therapeutics Inc 0.34 0.39 0.34 0.37 2M 6.17%
WBUY Webuy Global Ltd 0.19 0.21 0.19 0.20 3M 6.02%
HTOO Fusion Fuel Green Ltd 0.31 0.33 0.30 0.33 367K 5.76%
AMPG Amplitech Group Inc 0.90 0.99 0.89 0.94 447K 5.74%
PEV Phoenix Motor Inc 0.34 0.34 0.32 0.34 188K 5.58%
CARA Cara Therapeutics 0.29 0.31 0.29 0.30 108K 5.52%
NRSN NeuroSense Therapeutics Ltd 0.94 1.08 0.91 0.98 323K 5.41%
XTIA XTI Aerospace Inc. 0.05 0.05 0.04 0.04 30M 5.15%
ITP Intertape Polymer Group (USA) 0.22 0.25 0.22 0.24 66K 5.15%
VOR Vor Biopharma Inc 0.81 0.84 0.79 0.83 216K 5.14%
MBIO Mustang Bio Inc 0.20 0.21 0.19 0.20 404K 5.00%
CLRO ClearOne Communications, Inc 0.51 0.51 0.47 0.51 65K 4.97%
IOBT IO Biotech Inc 0.88 0.91 0.85 0.89 295K 4.71%
NAYA 0.93 1.00 0.90 0.98 29K 4.68%
EKSO Ekso Bionics Holdings Inc 0.70 0.71 0.66 0.70 92K 4.67%
SCLX Scilex Holding Company 0.64 0.67 0.63 0.64 670K 4.67%
OM Outset Medical Inc 0.86 0.91 0.81 0.90 356K 4.50%
GOEV Canoo Inc 0.38 0.39 0.37 0.38 3M 4.30%
FRSX Foresight Autonomous Holdings Ltd ADR 0.67 0.67 0.61 0.64 75K 4.25%
ONCO Onconetix Inc 0.68 0.81 0.65 0.69 941K 4.23%
GRFX Graphex Group Limited 0.18 0.20 0.18 0.20 48K 4.19%
HOFV Hall of Fame Resort & Ent CO 0.99 1.02 0.91 1.00 30K 4.17%
APCX AppTech Payments Corp 0.48 0.49 0.46 0.48 43K 4.12%
MKTW Marketwise Inc 0.52 0.53 0.50 0.52 173K 3.98%
BSFC Blue Star Foods Corp 0.31 0.34 0.30 0.32 2M 3.96%
EZGO EZGO Technologies Ltd 0.93 0.98 0.92 0.98 8K 3.96%
PNST Pinstripes Holdings Inc 0.78 0.80 0.72 0.80 36K 3.90%
ONMD OneMedNet Corp. 0.94 0.98 0.93 0.94 27K 3.87%
GLDG Goldmining Inc 0.86 0.88 0.86 0.87 411K 3.85%
STIM Neuronetics Inc 0.97 1.01 0.96 1.00 142K 3.83%
IPW SPDR S&P Interntil Ergy Sect (ETF) 0.82 0.82 0.80 0.82 178K 3.68%
IVVD Invivyd Inc 0.71 0.73 0.69 0.70 741K 3.62%
SAIH Saiheat Limited 0.98 1.03 0.93 1.00 99K 3.58%
ITRG Integra Resources Corp 0.95 0.95 0.90 0.93 413K 3.57%
POAI Predictive Oncology Inc 0.79 0.81 0.75 0.81 49K 3.54%
TLSA Tiziana Life Sciences Plc ADR 0.94 0.96 0.92 0.95 29K 3.53%
HRYU Hanryu Holdings Inc 0.24 0.25 0.23 0.24 320K 3.52%
BLRX Biolinerx Ltd 0.30 0.30 0.29 0.30 781K 3.48%
PET Wag Group Co 0.21 0.23 0.20 0.21 523K 3.47%
FTFT Future Fintech Group Inc 0.40 0.46 0.40 0.43 310K 3.46%
LITM Snow Lake Resources Ltd 0.20 0.21 0.19 0.20 286K 3.45%
TIVC Tivic Health Systems Inc 0.24 0.26 0.24 0.26 248K 3.45%
AEMD Aethlon Medical 0.39 0.42 0.39 0.41 60K 3.41%
AGRI AgriFORCE Growing Systems ltd 0.04 0.04 0.04 0.04 10M 3.36%
CISS C3is Inc 0.79 0.80 0.77 0.79 87K 3.29%
BRNS Barinthus Biotherapeutics Plc. 0.94 1.00 0.92 0.99 132K 3.25%
GWAV Greenwave Technology Solutions Inc 0.33 0.34 0.31 0.33 2M 3.15%
LVO LiveOne Inc 0.99 1.02 0.93 1.00 260K 3.09%
AMRN Amarin Corporation plc (ADR) 0.50 0.51 0.48 0.51 670K 2.99%
INAB IN8bio Inc 0.31 0.31 0.30 0.30 121K 2.87%
HWH HWH International Inc. 0.89 0.99 0.77 0.98 912K 2.80%
LODE Comstock Mining Inc 0.36 0.38 0.36 0.37 915K 2.80%
TSBX Turnstone Biologics Corp 0.51 0.53 0.50 0.52 22K 2.73%
PXLW Pixelworks, Inc 0.78 0.78 0.76 0.78 75K 2.68%
LYEL Lyell Immunopharma Inc 0.95 0.96 0.91 0.95 487K 2.67%
SMX SMX (Security Matters) Public Ltd Co 0.19 0.22 0.19 0.21 847K 2.56%
VTAK Catheter Precision Inc. 0.41 0.44 0.41 0.43 59K 2.56%
WKSP Worksport Ltd 0.58 0.62 0.57 0.60 320K 2.50%
PGEN Precigen Inc 0.91 0.94 0.88 0.93 383K 2.50%
FCUV Focus Universal Inc 0.26 0.26 0.25 0.26 47K 2.36%
LPSN LivePerson, Inc 0.96 1.00 0.93 0.97 1M 2.36%
TANH Tantech Holdings 0.15 0.16 0.15 0.15 2M 2.34%
BOLT Bolt Technology Corp 0.63 0.65 0.62 0.64 132K 2.33%
ASRT Assertio Therapeutics Inc 0.99 1.04 0.97 1.00 1M 2.30%
NXU Novus Capital Corp II 0.28 0.28 0.27 0.27 157K 2.22%
TAOP Taoping Inc 0.33 0.36 0.33 0.34 283K 2.21%
VINE Fresh Vine Wine Inc 0.67 0.71 0.67 0.69 66K 2.17%
HCTI Healthcare Triangle Inc 0.66 0.72 0.65 0.69 20K 2.04%
SHOT Safety Shot Inc 0.91 0.94 0.89 0.92 535K 2.04%
COEP Coeptis Therapeutics Holdings Inc 0.20 0.21 0.20 0.20 133K 2.04%
WTO UTime Ltd 0.34 0.35 0.33 0.35 155K 1.99%
LGCL Lucas GC Ltd 0.64 0.70 0.64 0.67 138K 1.97%
ELEV Elevation Oncology Inc 0.63 0.68 0.63 0.64 676K 1.86%
FURY Fury Gold Mines Limited 0.41 0.43 0.41 0.42 32K 1.83%
ROMA Roma Financial Corporation 0.66 0.75 0.66 0.67 20K 1.82%
OPTX Syntec Optics Holdings Inc. 0.89 0.89 0.87 0.88 74K 1.76%
APTO Aptose Bioscns 0.19 0.19 0.18 0.18 384K 1.73%
UNCY Unicycive Therapeutics Inc 0.69 0.74 0.66 0.69 1M 1.62%
AEON AEON Biopharma Inc. 0.56 0.56 0.54 0.54 112K 1.61%
ACON Aclarion Inc 0.17 0.18 0.17 0.18 145K 1.58%
CARM Carisma Therapeutics Inc 0.85 0.89 0.85 0.85 47K 1.57%
BURU Nuburu Inc 0.46 0.48 0.45 0.47 515K 1.56%
MLGO MicroAlgo Inc 0.17 0.18 0.17 0.17 8M 1.52%
SYRS Syros Pharmaceuticals 0.27 0.28 0.26 0.27 2M 1.50%
PTPI Petros Pharmaceuticals Inc 0.27 0.28 0.27 0.27 59K 1.44%
RNAZ TransCode Therapeutics Inc 0.36 0.37 0.33 0.35 190K 1.43%
NBY NovaBay Pharmaceuticals, Inc 0.61 0.61 0.59 0.60 19K 1.41%
LAES SEALSQ Corp 0.43 0.45 0.40 0.41 2M 1.39%
ALVR Alvarion Ltd 0.54 0.56 0.52 0.55 292K 1.31%
OCGN Ocugen Inc 0.97 1.02 0.97 0.98 2M 1.27%
HOTH Hoth Therapeutics Inc 0.85 0.87 0.82 0.84 115K 1.20%
SENS Senseonics Holdings 0.31 0.33 0.31 0.31 4M 1.10%
REKR Rekor Systems Inc 0.96 1.02 0.95 0.97 873K 1.10%
HAO Claymore/AlphaShares China Small Cap ETF 0.13 0.13 0.12 0.13 10M 1.08%
AZTR Azitra Inc 0.50 0.53 0.50 0.53 79K 1.08%
EM Emdeon Inc. Class A Common Stock 0.72 0.73 0.72 0.73 9K 1.05%
ECDA ECD Automotive Design Inc 0.92 0.99 0.92 0.98 8K 1.03%
CGTX Cognition Therapeutics Inc 0.40 0.40 0.38 0.40 860K 1.03%
YCBD Cbdmd Inc 0.49 0.51 0.48 0.49 60K 0.94%
CDIO Cardio Diagnostics Holdings Inc 0.30 0.30 0.28 0.30 1M 0.93%
NCL Nuveen Insured CA Premium Inc Fd II Inc 0.27 0.27 0.25 0.25 119K 0.92%
XFOR X4 Pharmaceuticals Inc 0.38 0.40 0.37 0.39 660K 0.92%
AIM Aerosonic Corporation 0.23 0.24 0.22 0.23 184K 0.92%
ADIL Adial Pharmaceuticals Inc 1.00 1.01 0.99 1.00 133K 0.91%
AACG Ata Creativity Global 0.96 1.02 0.96 1.00 24K 0.87%
TMC TMC the metals company Inc 0.85 0.88 0.84 0.85 511K 0.84%
TRX Tanzanian Royalty Exploration Corp 0.36 0.36 0.35 0.36 238K 0.82%
RVP Retractable Technologies, Inc 0.63 0.64 0.61 0.62 13K 0.81%
FOXO FOXO Technologies Inc 0.48 0.55 0.46 0.52 3M 0.78%
NAK Northern Dynasty Minerals Ltd 0.44 0.45 0.44 0.44 471K 0.75%
TNXP Tonix Pharm Hld 0.19 0.21 0.19 0.19 29M 0.74%
BNOX Bionomics Ltd. 0.29 0.32 0.29 0.30 266K 0.70%
CWD CaliberCos Inc 0.46 0.47 0.44 0.45 17K 0.68%
REVB Revelation Biosciences Inc 0.76 0.78 0.75 0.76 31K 0.66%
LCTX Lineage Cell Therapeutics Inc 0.58 0.59 0.56 0.57 1M 0.55%
NMTC NeuroOne Medical Technologies Corp 0.60 0.69 0.60 0.62 57K 0.45%
AMLI American Lithium Corp 0.69 0.69 0.67 0.69 140K 0.44%
VRAR Glimpse Group Inc (The) 0.69 0.73 0.67 0.70 32K 0.40%
ATHA Athira Pharma Inc 0.67 0.68 0.63 0.66 240K 0.34%
SYRA Syra Health Corp 0.44 0.45 0.38 0.44 276K 0.34%
KNW Know Labs Inc 0.25 0.25 0.24 0.24 149K 0.33%
CRKN Crown ElectroKinetics Corp 0.33 0.36 0.27 0.28 29M 0.32%
JDZG Jiade Ltd. 0.70 0.72 0.70 0.70 26K 0.29%
PRPH ProPhase Labs Inc 0.75 0.80 0.74 0.77 100K 0.25%
MBOT Microbot Medical Inc 0.99 1.02 0.95 0.97 120K 0.23%
CPHI China Pharma Holdings, Inc. 0.20 0.20 0.19 0.20 42K 0.20%
DMN 0.83 0.98 0.80 0.82 577K 0.16%
EJH E-Home Household Service Holdings Ltd 0.78 0.80 0.75 0.78 198K 0.13%
MTC Allied Irish Banks Plc 0.22 0.24 0.22 0.23 2M 0.09%
SPRB Spruce Biosciences Inc 0.54 0.57 0.53 0.55 229K 0.07%
ARBB ARB IOT Group Ltd 0.52 0.52 0.50 0.51 58K 0.02%
ONCY Oncolytics Biotech, Inc 0.92 0.95 0.92 0.93 108K 0.02%
NDLS Noodles & Company 0.69 0.70 0.67 0.68 112K 0.01%



What are the benefits of buying penny stocks?

Following are some of the benefits of buying penny stocks, low cost, potential for big returns, and diversification.

Low Cost

The low cost of entry is one of the reasons new traders buy penny stocks. With just a couple of hundred dollars, you can own hundreds of shares of penny stocks rather than just a few shares of a larger company.

Big Returns

Other than the low cost, big returns are the most exciting thing that draws the attention of most beginners and even experienced traders. We rarely see large companies double in size in a short period, but we can see penny stocks double, triple, or even quadruple in only a matter of weeks, days, or even overnight. You don't have to wait for years to see your rewards, you get action all the time with penny stocks.

Diversification

Diversification is another good reason why many people buy penny stocks. For many experienced traders, penny stocks aren't their only positions. They just buy penny stocks to diversify their portfolio. Some traders and investors have their money locked up in large companies like Microsoft and Apple, and they want to experience the fun and excitement that penny stocks bring, so they use a portion of their portfolio for penny stocks.


What are the drawbacks of buying penny stocks?

Unfortunately, the fact is that most people lose money when they buy penny stocks or do any type of trading. Here are the main drawbacks of penny stocks and why traders lose money.


High Risks

Big returns come with high risks. When there is a penny stock that is doubling, there are five other penny stocks that are losing money. Therefore, the odds are actually against you when you purchase penny stocks.

High Volatility

Penny stocks are highly volatile, one stock may go up 100% today, but it could go bankrupt the next day. Anything is possible when you are dealing with penny stocks, that's how volatile these stocks are.

Low Liquidity

Many penny stocks have liquidity issues meaning they have very low trading volumes. If you bought a stock at $0.5 and are now trading at $1, and you want to exit the position for a nice profit. However, sometimes you will have a hard time finding a buyer to take your shares because of low liquidity. In that case, you may be forced to sell at a lower price. With these drawbacks, many traders are better off not buying penny stocks, because they may lose all their money. If you decide to trade penny stocks, make sure you know all the risks involved and treat trading as a business, and not as a hobby.


Stocks Under $1

Stocks under $1 is a list of hot penny stocks to watch on Robinhood. Traders can find rising penny stock movers and daily losers as potential stocks to trade for swing trading or day trading.

What Are Stocks Under $1?

Stocks under $1 are stocks that are trading below $1 and are commonly known as penny stocks. These penny stocks are generally trading on the NASDAQ and the OTCBB market. There are fewer penny stocks trading on NYSE and AMEX.

Why Are Stocks Less Than $1?

Generally speaking, penny stocks are cheap for a reason. They are cheap because most of the companies behind these penny stocks are not doing well and are on the edge of bankruptcy. Either the companies are struggling financially or lack a competitive product in their perspective market or both. In other words, investors are not seeing a bright future with these companies and not wanting to own shares. Once in a while, however, some companies do make comebacks. AMD is a classic example. Its stock price was trading just above $1 back in 2015 and has risen to almost $100 per share today.

Are $1 Stocks Worth The Investment?

As we stated above, most $1 stocks are pure junk and are not worth the investment in the long term. Penny stocks are extremely risky and volatile. A beginner may lose all his money with one stock or trade. In addition to risk, when a stock trades under $1 for too long, they may get delisted from a regular stock exchange like NASDAQ, NYSE, and AMEX, and move to the OTC market. Stocks trading on the OTC market are often manipulated and are targets of the famous pump and dump scheme. If you have seen the movie The Wolf of Wall Street, you will know what I'm talking about.

However, there is still good money to be made for short term trading. There are traders who make short term gains by day trading or swing trading penny stocks. This, of course, is not something a beginner does. As with any other profession, trading takes time, effort, and experience to get good with. If a beginner is dedicated to learning all about penny stocks, she or he may have a shot at penny stocks trading.

Why Trading Stocks Under $1?

The #1 one reason why most people trade penny stocks is to get rich quickly, but that's actually the wrong mindset when it comes to penny stock trading. The ones who wish to get rich overnight are actually the first ones to lose all their money.

How to Buy Stocks Under $1?

You can buy stocks under $1 with most online stockbrokers, such as Fidelity, Ameritrade, and Robinhood. They have apps where you can trade on your mobile device. All three stockbrokers offer commission-free trades for NYSE, NASDAQ, and AMEX stocks. Ameritrade charges $6.95 per OTCBB trade.

How to Trade Stocks Under $1?

There are many ways you can trade stocks under $1. I will share a pullback trading strategy that works well for me.

  • Stocks with prices from $0.5 - $5 - I only trade stocks that are listed on NYSE, NASDAQ, and AMEX.
  • Look for Recent Spikes - I look for stocks that spiked more than 100% with heavy trading volume.
  • Pullback 60% or more - After the spike, the stock should pullback at least 60% from the recent intraday high or 40% from the closing price with low volume.

The above three conditions are the minimum requirements for my trading criteria. I also utilize stock chart patterns, such as support and resistance to help me identify entries and exits and determine whether a trade is good in terms of risk-reward ratio. For example, EVK was one of the stocks that met our criteria, and I posted this stock is a penny stock to watch back in November.

  • EVK is within our trading range of $0.5 and $5
  • EVK spiked over 587% during an intraday high on Oct 22 with over 149 million in trading volume. Notice the volume is so much larger than the normal volume for the stock.
  • Since the spike, the stock has fallen over 74% with very low volume.

stock pattern

Since the stock met our penny stocks to watch criteria, I added it to my watchlist in mid-November.

  • I traded the stock two times with the same entry price of $2.02.
  • The first time I exited the trade with a profit of around 15%.
  • I then rebought the stock on Dec 1 and sold it two days later when the stock gapped up and spiked almost 300% during intraday with a price of $8.30 and close at $5.25.

I invested $3,030 for 1500 shares. I sold 750 shares within the first 5 minutes when the market was open, and the stock was up about 200%. I then sold the rest of my shares at the absolute worst time, when the stock was down to about 130%. I sold them at $4.8, and the stock bottom out at $4.75, and rebound to a record high. Overall, I made around $5,200 from this stock, which was pretty nice for holding the stock for 2 days. Following is a screenshot from my Fidelity account which is a new retirement account I started a few months ago with a $6,000 initial investment. For beginners, I don't recommend trading penny stocks in your retirement account because penny stocks are extremely risky and you may lose all your money for your retirement. chart pattern This is actually the second biggest stock that I traded in the past few months. Back in July, I traded PSV which made an intraday move of over 500%. stock trade Unfortunately, I wasn't able to capture all that profit. I sold when the market was open for a profit of about 75%. The stock has now been delisted from the NASDAQ stock exchange, changed its symbol to HOFSQ, and moved to the OTCBB where it is now trading as a sub-penny stock. That is why it is never a good idea to hold any penny stock for the long term, because there is only one direction where most penny stocks would go, and that direction is down and bankrupt. Below is a screenshot of the PSV trade. penny stocks Since it was a new and retirement account, I didn't want to blow up my account as there is a limit of how much I can deposit each year. I only bought $1,500 worth of stock and made about $1,000 on this trade. I want to grow the account slowly and so far I'm up about 200% since I opened the account. To learn more about how to trade stocks under $1, read my penny stocks guide for beginners. I have modified and tweak my strategy a little bit since I made that guide.

Why Most People Lose Money Trading Stocks Under $1?

Have you ever heard of any billionaire who got rich trading penny stocks? I bet you haven't. However, chances are you may have heard of Warren Buffett, the world's richest investor of all time. He doesn't trade penny stocks, he invests in big companies. The reality is it is much easier for an average investor to buy and hold an Index or ETF fund and get better returns than buying penny stocks. Most people have no idea how the stock market works not to mention how much risk is involved in penny stocks trading. They are not willing to spend time studying and learn about the market. Instead, they get a tip from a friend or a family member and put all their money into that one stock. They may get lucky the first time or a couple of times and then lose everything on a single trade.

6 Rules For Trading Stocks Under $1

There are ways to make good money from trading penny stocks if you put your mind to the market and improve your skills and discipline. It is hard work, and there is no shortcut to getting rich quickly. There are a few things that you need to learn and follow if you want to be successful in penny stocks trading.

  • Discipline - Trading mentality is the most important skill that you must acquire if you want to stay in the game for the long term. It is an essential element of any winning trading strategy.
  • Chart Patterns - You need to learn technical analysis and stock chart patterns to help you identify profitable entries and exits.
  • Entry Strategy - You need to have an entry strategy to buy a stock whenever a stock meets your stock selecting criteria.
  • Exit Strategy - An exit strategy helps you to sell a stock at the proper time. When a strategy is working on your side, it is easy to exit. However, when a trade is working against you, it gets difficult to admit wrong and sell the stock for a loss.
  • Back Testing - Any trading method that you use, you should backtest it with real stock charts.
  • Record Keeping - You need to keep a journal that records all your trades. The only way to improve your skills is to track your trades. By having a record, you can learn from past mistakes and do better in the future.

Stocks Under $1 App

At Stocksunder1.org, we provide tools that allow a trader to do research and find hot penny stocks to trade. You can also download our free penny stock screener app in the App Store and Play Store. The apps work the same way as our web tool where they scan the US stock market and find the top penny stocks for the day. 1. Penny Stocks for Android 2. Penny Stocks for iPhone With our penny stock scanners, finding hot penny stocks have never been easier. However, keep in mind the risks involved with trading penny stocks, especially low volume penny stocks. High volume penny stocks offer more illiquidity and are easier to sell and buy, whereas it is harder to find buyers and sellers with low volume penny stocks. We do not make any recommendations on which stocks to buy, a trader will need to decide for himself which cheap stocks to buy. The stocks are updated each day after the market close. We do not offer intraday quotes. Penny stocks trading is risky and one should only trade with the money that he can afford to lose.

Disclaimer: Stocksunder1.org does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. Stocksunder1.org is not an investment adviser and does not recommend particular securities. Stocksunder1.org shall not be liable for any errors or delays in the content, or for any actions taken based on the content.