Monthly Archives: April 2017

Top 10 Penny Stock Rules

The following are the top 10 penny stock rules that you should always follow.

Rule #1 – Never trade with the money that you can’t afford to lose

If you need the money for emergency use, don’t use it to trade. Trading penny stocks is risky especially for stock market beginners. You may lose all the money that you put in. Trading requires patient and if you are relying on this money to buy food or to pay rent, you will most likely get emotional and make the wrong decisions.

Rule #2 – Stop Loss

Always have a stop loss for each penny stock you buy. You should calculate your stop loss before you enter a trade. Trading penny stocks without stop loss is doomed to fail. When you trade without a stop loss, even if you make a 20% profit for each trade on 5 consecutive trades, you may lose it all on a bad trade. So setting a stop loss for your trade is extremely important.

Rule #3 – Limit Order

Always use limit order to buy and sell stocks. Never use market order because most penny stocks are illiquid, and there might be a big difference for the price you see on the screen and the price you end up getting.

Rule #4 – Get out when your trade is not working out 

If a trade is not going your way, get out. Some penny stocks won’t move anywhere for a long period time, you don’t want to expose your money to risks with those stocks. Often, a stock chart pattern might look like it is going to make a move any time soon, but its usually your imagination. So get out if the stock is not going up, you don’t want to tie up your money for these penny stocks.

Rule #5 – Trade only penny stocks with high volume

Most penny stocks have low trading volume and you will often have to pay more when buying a stock or sell it at a discount when you try to sell a stock. It is because there aren’t that many buyers and sellers and you will have to pay more fore slippage costs. So only buy penny stocks with high volume.

Rule #6 – Don’t Overtrade

When you can’t find the right trade setups, don’t trade. This is a mistake that many stock market beginners make and I learn it the hard way. I used to trade all the time because I want to keep myself busy and sometimes I would trade stocks that don’t fully meet my trading requirement. I ended up losing money on these trades and the losses added up quickly. Not only did those bad trades washed away my profit, they also hurt my confidence in trading. I had to stop trading for a few weeks and analyzing what went wrong. I learn that when I made good trades consecutively, and my stocks were up 20%, 30% and 50%, I let my ego get in the way. I felt like any stock that I touch would go up, and I started to overtrade which turned out to be a disaster. Eventually, I learn the to correct my mistake and now I’m much more patient. If I can’t find a stock that meet my criteria, I won’t buy even if that means I had to wait a week or two or even longer.

Rule #7 – Don’t fall in love with any stock

Always remember you are trading penny stocks, not investing. Trading means you buy and sell a stock in a short period of time usually within a few days to a few weeks, whereas investing means you buy and hold a stock for a year or two or even longer. So if your stock is falling and hit your stop loss, sell it. Don’t try to double down or do anything crazy. I see many traders double down, and even triple down on a losing trade and eventually lose everything on a single trade. Its not worth it, take your loss and move on.

Rule #8 – Record your trades & learn from your mistakes

You should have a trade journey that lists all your trades, for both winning and losing trades. You should study them and learn from them especially the losing trades. Try to find a pattern and avoid the losing trades and learn from your mistakes.

Rule #9 – Don’t rely on trading tips

You should always trade based on your strategies and rules. Never trade penny stocks based on tips from penny stock gurus or your friends. You can use the tips and do further research yourself, and see if the stock meets your trading criteria, just don’t buy or sell the stock purely based on their tips.

Rule #10 – Follow your own rules closely

You should always follow your own rules when it comes to penny stock trading. When you enter a trade, you should have a stop loss and a target price in mind. If the stock price hit your target or your stop loss, you should sell it. Never let your ego get in the way, and think this time is going to be different. Trading penny stocks and making money for the long term is all about discipline. If you let yourself break your own rule once, chances are you are going to break your rules again in the future, and eventually you may lose all your money because of one or more bad trades.

To learn more about penny stock trading, read penny stock strategies.

Biggest Penny Stock Gainers

This is a list of Biggest Penny Stock Gainers with the most percentage gains today. All stocks are trading under $1 and listed on NASDAQ, NYSE or AMEX with volume of at least 100,000.

Last Trading Date: 2017-04-28

Stock Analysis Symbol Exchange Open High Low Close Volume Percent
YTEN Stock Predictions YTEN NASDAQ 0.44 0.80 0.40 0.60 263200 30.43%
CVM Stock Predictions CVM AMEX 0.11 0.16 0.11 0.12 35264300 20.00%
IFON Stock Predictions IFON NASDAQ 0.71 0.88 0.68 0.73 7942300 15.87%
FNCX Stock Predictions FNCX NASDAQ 0.52 0.62 0.52 0.60 1377700 13.21%
UNXL Stock Predictions UNXL NASDAQ 0.47 0.57 0.43 0.46 6612000 12.20%
ENSV Stock Predictions ENSV AMEX 0.30 0.32 0.28 0.32 351800 10.34%
CDNA Stock Predictions CDNA NASDAQ 0.76 0.94 0.76 0.87 289600 10.13%
PED Stock Predictions PED AMEX 0.75 0.81 0.71 0.80 125100 9.59%
PTIE Stock Predictions PTIE NASDAQ 0.78 0.85 0.75 0.85 624800 7.59%
ORIG Stock Predictions ORIG NASDAQ 0.19 0.21 0.19 0.20 711600 5.26%
TGD Stock Predictions TGD AMEX 0.37 0.40 0.37 0.40 771000 5.26%
JAGX Stock Predictions JAGX NASDAQ 0.90 0.90 0.82 0.86 210600 4.88%
PTN Stock Predictions PTN AMEX 0.42 0.44 0.41 0.44 2491100 4.76%
GSS Stock Predictions GSS AMEX 0.71 0.75 0.70 0.72 2254100 4.35%
HOTR Stock Predictions HOTR NASDAQ 0.30 0.31 0.28 0.30 125300 3.45%
MNGA Stock Predictions MNGA NASDAQ 0.30 0.31 0.28 0.30 981300 3.45%
PPHM Stock Predictions PPHM NASDAQ 0.59 0.62 0.59 0.62 688500 3.33%
SDRL Stock Predictions SDRL NYSE 0.69 0.70 0.68 0.69 5409600 2.99%
HTBX Stock Predictions HTBX NASDAQ 0.79 0.79 0.77 0.79 134200 2.60%
TROV Stock Predictions TROV NASDAQ 0.93 0.96 0.86 0.93 252600 2.20%
PGH Stock Predictions PGH NYSE 0.96 0.99 0.96 0.99 1195500 2.06%

Penny Stocks to Watch Today

This is a list of Penny Stocks to Watch Today with the most percentage gains today. All stocks are trading under $1 and listed on NASDAQ, NYSE or AMEX with volume of at least 100,000.

Last Trading Date: 2017-04-27

Stock Analysis Symbol Exchange Open High Low Close Volume Percent
IFON Stock Predictions IFON NASDAQ 0.48 1.04 0.48 0.63 6519100 34.04%
HUSA Stock Predictions HUSA AMEX 0.37 0.47 0.36 0.45 2437200 21.62%
BPMX Stock Predictions BPMX AMEX 0.71 0.84 0.69 0.84 3287100 20.00%
SDPI Stock Predictions SDPI AMEX 0.85 1.08 0.85 0.91 274300 15.19%
TENX Stock Predictions TENX NASDAQ 0.48 0.59 0.47 0.55 1366300 12.24%
SYN Stock Predictions SYN AMEX 0.52 0.63 0.52 0.59 3231300 11.32%
BDR Stock Predictions BDR AMEX 0.62 0.90 0.59 0.65 197300 10.17%
VII Stock Predictions VII AMEX 0.46 0.52 0.41 0.48 349800 9.09%
APTO Stock Predictions APTO NASDAQ 0.85 0.89 0.83 0.87 479300 8.75%
ENRJ Stock Predictions ENRJ AMEX 0.47 0.52 0.43 0.51 174800 8.51%
TEUM Stock Predictions TEUM AMEX 0.72 0.84 0.72 0.77 323300 8.45%
PIP Stock Predictions PIP AMEX 0.80 0.80 0.71 0.74 991100 7.25%
BSTG Stock Predictions BSTG NASDAQ 0.31 0.34 0.31 0.34 712400 6.25%
MNKD Stock Predictions MNKD NASDAQ 0.85 0.92 0.80 0.88 1772634 6.02%
MBRX Stock Predictions MBRX NASDAQ 0.92 0.95 0.86 0.93 399791 5.68%
ANY Stock Predictions ANY NASDAQ 0.19 0.19 0.17 0.19 1937200 5.56%
OGEN Stock Predictions OGEN AMEX 0.43 0.43 0.35 0.40 113300 5.26%
ALQA Stock Predictions ALQA NASDAQ 0.40 0.44 0.40 0.43 327500 4.88%
SNMX Stock Predictions SNMX NASDAQ 0.85 0.91 0.85 0.89 411300 4.71%
INVT Stock Predictions INVT NASDAQ 0.25 0.30 0.23 0.25 1210600 4.17%
CERC Stock Predictions CERC NASDAQ 0.50 0.57 0.50 0.53 408800 3.92%
TGD Stock Predictions TGD AMEX 0.38 0.38 0.37 0.38 554400 2.70%
JAGX Stock Predictions JAGX NASDAQ 0.80 0.90 0.80 0.82 136800 2.50%
DRRX Stock Predictions DRRX NASDAQ 0.88 0.91 0.87 0.88 639900 2.33%
NAO Stock Predictions NAO NYSE 0.95 0.98 0.94 0.96 181157 2.13%

List Of Penny Stocks