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Top Penny Stocks is a list of the top 10 penny stocks with explosive moves today. Unlike OTCBB penny stocks, these are penny stocks that you can watch and trade on Robinhood.

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published on December 02, 2021

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Symbol Open High Low Close Volume Percent
ARDX predictions 1.16 1.79 1.11 1.70 151621200 38.21%
IAIC predictions 2.60 3.95 2.60 3.34 1635800 23.70%
STRN predictions 3.70 4.84 3.65 4.63 3873200 18.72%
TYME predictions 0.68 0.80 0.67 0.79 2326300 17.91%
CNF predictions 4.23 4.80 4.20 4.79 347900 15.14%
EXPR predictions 3.61 4.38 3.60 3.88 22010700 14.79%
TIVC predictions 3.54 4.15 3.51 4.05 1034700 14.08%
TISI predictions 1.18 1.35 1.18 1.31 574900 12.93%
OLB predictions 3.94 4.36 3.86 4.34 387400 12.73%
NAUT predictions 4.60 5.00 4.55 5.00 767600 12.36%
SPIR predictions 4.41 4.83 4.33 4.65 1458500 12.05%
EEX predictions 3.75 4.17 3.74 4.16 100300 11.83%
YJ predictions 0.76 0.88 0.76 0.86 259900 11.69%
IVAC predictions 4.34 4.82 4.34 4.78 48700 11.68%
CLVR predictions 4.36 4.85 4.31 4.83 229900 11.55%
PTPI predictions 2.34 2.88 2.20 2.59 12652400 10.68%
GAME predictions 3.91 4.39 3.72 4.39 1223000 10.58%
GNUS predictions 1.17 1.30 1.16 1.29 9495700 10.26%
MTCR predictions 1.17 1.31 1.17 1.29 898300 10.26%
BCEL predictions 3.51 3.98 3.39 3.71 1104100 9.76%
CRDL predictions 1.92 2.05 1.90 2.05 602900 9.63%
ZVO predictions 1.30 1.50 1.30 1.48 75300 9.63%
UP predictions 4.26 4.58 4.20 4.56 2795700 9.62%
QNRX predictions 3.36 3.82 3.36 3.66 50900 9.58%
NGL predictions 1.90 2.13 1.90 2.08 1069300 9.47%
BBAR predictions 3.10 3.37 3.09 3.36 1860300 9.45%
KRMD predictions 3.29 3.67 3.26 3.65 65800 9.28%
FENC predictions 3.95 4.32 3.89 4.25 298400 9.25%
COMS predictions 0.98 1.07 0.98 1.07 721000 9.18%
MBII predictions 0.67 0.73 0.65 0.72 327000 9.09%
SID predictions 3.88 4.13 3.88 4.12 4195500 8.99%
PETZ predictions 4.30 4.72 4.29 4.67 479800 8.86%
AMPY predictions 2.96 3.24 2.94 3.22 628300 8.78%
FLNT predictions 1.75 1.88 1.69 1.86 559200 8.77%
TXMD predictions 0.46 0.51 0.44 0.50 6147400 8.70%
FTK predictions 0.71 0.75 0.69 0.75 534100 8.70%
HUGE predictions 1.18 1.30 1.17 1.27 365200 8.55%
BVXV predictions 1.69 1.83 1.63 1.80 119200 8.43%
SGBX predictions 2.06 2.24 1.98 2.19 463600 8.42%
VERO predictions 1.22 1.33 1.20 1.29 342600 8.40%
GRNQ predictions 0.77 0.79 0.74 0.79 1170200 8.22%
BHR predictions 4.23 4.65 4.19 4.54 635300 8.10%
MPLN predictions 4.18 4.30 4.09 4.28 4256800 8.08%
APTX predictions 2.14 2.32 2.10 2.28 161600 8.06%
WEI predictions 0.77 0.82 0.77 0.81 252800 8.00%
IMV predictions 1.35 1.50 1.35 1.49 428200 7.97%
ATHX predictions 1.01 1.11 1.01 1.09 2288200 7.92%
YPF predictions 3.74 4.01 3.74 3.96 3524600 7.90%
SRT predictions 3.83 4.19 3.80 4.13 70600 7.83%
RLX predictions 4.56 4.69 3.90 4.43 53443500 7.79%
SUPV predictions 1.98 2.14 1.97 2.08 722300 7.77%
PHUN predictions 3.71 4.04 3.36 3.50 107422500 7.69%
ASRT predictions 1.30 1.46 1.30 1.41 453000 7.63%
BSGM predictions 2.61 2.83 2.59 2.82 138000 7.63%
SEEL predictions 1.66 1.74 1.61 1.74 3427900 7.41%
MTEM predictions 4.10 4.43 4.10 4.38 269200 7.35%
UNAM predictions 3.14 3.37 3.08 3.37 8200 7.32%
NBEV predictions 1.12 1.19 1.09 1.19 1367600 7.21%
NM predictions 4.35 4.65 4.30 4.62 206300 7.19%
RCAT predictions 1.98 2.17 1.97 2.12 571600 7.07%
SB predictions 3.38 3.69 3.38 3.64 1246800 7.06%
TC predictions 2.15 2.29 1.94 2.28 48300 7.04%
OTLK predictions 1.41 1.41 1.35 1.38 3205600 6.98%
NNBR predictions 4.27 4.70 4.24 4.55 407100 6.81%
BBIG predictions 2.63 2.90 2.56 2.84 14210300 6.77%
AKU predictions 1.51 1.58 1.48 1.58 10700 6.76%
IVC predictions 2.40 2.65 2.40 2.53 1366400 6.75%
BEDU predictions 1.78 1.97 1.78 1.90 13500 6.74%
RGS predictions 2.37 2.55 2.36 2.54 1267400 6.72%
ALF predictions 3.15 3.40 3.05 3.34 946300 6.71%
AREC predictions 1.68 1.77 1.65 1.76 2164300 6.67%
OBLG predictions 1.21 1.29 1.17 1.28 74800 6.67%
TELL predictions 3.03 3.21 2.95 3.21 9738100 6.64%
AIRI predictions 0.93 0.98 0.92 0.97 68000 6.59%
DSS predictions 0.75 0.84 0.75 0.81 827400 6.58%
IDRA predictions 0.61 0.66 0.60 0.65 522600 6.56%
LDI predictions 4.67 4.96 4.56 4.89 1145700 6.54%
QUAD predictions 3.60 3.79 3.55 3.77 182900 6.50%
MBIO predictions 1.90 2.03 1.87 1.99 1291100 6.42%
UROY predictions 4.02 4.16 3.93 4.15 484000 6.41%
SDC predictions 2.81 3.00 2.76 2.99 6909200 6.41%
STIM predictions 3.93 4.17 3.93 4.15 192900 6.41%
LOGC predictions 2.80 3.03 2.75 3.01 136300 6.36%
NR predictions 2.68 2.89 2.62 2.87 1131300 6.30%
KOS predictions 3.32 3.58 3.23 3.58 9139000 6.23%
WAFU predictions 4.57 4.85 4.44 4.78 23400 6.22%
ANGN predictions 3.39 3.66 3.38 3.60 195100 6.19%
GGB predictions 4.71 4.86 4.71 4.83 7273100 6.15%
BSQR predictions 1.80 1.92 1.77 1.91 333400 6.11%
HOFV predictions 1.83 1.93 1.80 1.91 1216400 6.11%
SSNT predictions 4.32 4.87 4.26 4.52 83200 6.10%
GMVD predictions 2.09 2.51 2.09 2.44 448400 6.09%
BBD predictions 3.57 3.68 3.55 3.67 50928000 6.07%
OPHC predictions 4.11 4.37 4.11 4.37 12900 6.07%
GTE predictions 0.66 0.71 0.63 0.70 4357000 6.06%
GSAT predictions 1.34 1.41 1.30 1.40 6047600 6.06%
NTWK predictions 4.08 4.26 4.03 4.26 50500 5.97%
APPH predictions 4.76 5.09 4.73 4.98 1636900 5.96%
PLM predictions 2.87 3.08 2.87 3.02 146300 5.96%
DYAI predictions 3.40 3.66 3.29 3.56 276600 5.95%
BBGI predictions 1.88 1.99 1.85 1.97 229500 5.91%
PME predictions 0.81 0.91 0.81 0.90 101700 5.88%
MITQ predictions 1.92 1.99 1.89 1.99 205600 5.85%
DAIO predictions 4.46 4.73 4.46 4.72 26700 5.83%
EPZM predictions 2.95 3.13 2.83 3.10 2081600 5.80%
CLVS predictions 3.00 3.13 2.97 3.11 5095800 5.78%
ITUB predictions 3.97 4.06 3.95 4.06 67437000 5.73%
EZGO predictions 2.12 2.25 2.12 2.22 60200 5.71%
ATIF predictions 3.16 3.57 3.16 3.33 24300 5.71%
TRIT predictions 3.75 4.08 3.70 3.90 1560900 5.69%
LOTZ predictions 2.82 2.97 2.75 2.97 1885200 5.69%
SWN predictions 4.20 4.51 4.19 4.49 20903000 5.65%
GLBS predictions 2.33 2.45 2.30 2.43 317400 5.65%
PLAG predictions 1.10 1.16 1.05 1.13 56300 5.61%
DFFN predictions 0.36 0.40 0.35 0.38 2434100 5.56%
ACTG predictions 4.76 5.09 4.74 4.98 423100 5.51%
MRAI predictions 4.34 4.84 4.18 4.41 4670800 5.50%
ONTX predictions 2.75 2.89 2.69 2.89 354000 5.47%
AUGX predictions 3.26 3.60 3.20 3.48 40500 5.45%
CORR predictions 3.83 4.10 3.76 4.06 82800 5.45%
MFA predictions 4.24 4.49 4.23 4.46 4627500 5.44%
AFI predictions 1.88 1.98 1.88 1.95 112600 5.41%
CIG predictions 2.35 2.39 2.33 2.35 7594900 5.38%
TAST predictions 2.69 2.78 2.60 2.75 394000 5.36%
LCTX predictions 2.07 2.19 2.05 2.17 974100 5.34%
TGS predictions 4.41 4.66 4.41 4.59 223300 5.28%
REFR predictions 1.93 2.03 1.90 2.00 66600 5.26%
NYMX predictions 1.34 1.43 1.34 1.40 45300 5.26%
CRKN predictions 3.45 3.67 3.45 3.60 36300 5.26%
PSFE predictions 3.42 3.64 3.37 3.62 11269500 5.23%
SIEN predictions 3.84 4.03 3.76 4.03 345600 5.22%
KALA predictions 1.72 1.84 1.72 1.82 1136100 5.20%
MIND predictions 1.61 1.65 1.58 1.62 48000 5.19%
ADVM predictions 1.73 1.85 1.71 1.84 1637100 5.14%
BLIN predictions 2.60 2.70 2.50 2.67 508800 5.12%
ONCY predictions 1.61 1.66 1.53 1.65 227200 5.10%
WNW predictions 2.80 2.99 2.78 2.89 163300 5.09%
SALM predictions 2.75 2.97 2.69 2.89 404900 5.09%
ZKIN predictions 1.76 1.89 1.75 1.87 433400 5.06%
EJH predictions 2.02 2.10 1.90 2.10 3123700 5.00%
SLRX predictions 0.62 0.64 0.57 0.63 691000 5.00%
FRSX predictions 2.00 2.12 1.97 2.10 1785700 5.00%
BPT predictions 3.43 3.65 3.43 3.60 85200 4.96%
JAGX predictions 1.20 1.29 1.15 1.27 1456600 4.96%
SYRS predictions 3.68 3.90 3.61 3.82 301000 4.95%
OTMO predictions 3.84 4.07 3.70 4.07 102900 4.90%
AQB predictions 2.45 2.57 2.42 2.57 1092600 4.90%
VERB predictions 1.41 1.50 1.40 1.50 911100 4.90%
CUEN predictions 2.10 2.10 1.83 1.94 113200 4.86%
EYES predictions 1.87 1.98 1.85 1.94 618000 4.86%
AQMS predictions 1.47 1.52 1.41 1.51 767300 4.86%
ATER predictions 4.29 4.64 4.20 4.57 2588500 4.82%
TTI predictions 2.48 2.63 2.42 2.62 1013700 4.80%
UONE predictions 4.60 5.03 4.60 4.82 250600 4.78%
PHAS predictions 1.93 2.00 1.85 1.99 776000 4.74%
UIHC predictions 4.23 4.48 4.23 4.44 84800 4.72%
NBSE predictions 2.78 2.94 2.66 2.89 137200 4.71%
BGCP predictions 4.48 4.70 4.48 4.68 2542800 4.70%
SNAX predictions 3.86 4.09 3.72 4.01 80900 4.70%
ISR predictions 0.44 0.45 0.42 0.45 733000 4.65%
SXTC predictions 0.68 0.72 0.64 0.68 140700 4.62%
RES predictions 3.87 4.11 3.82 4.10 1058800 4.59%
SQFT predictions 3.80 3.88 3.72 3.88 107900 4.58%
VRNA predictions 4.39 4.64 4.37 4.60 46900 4.55%
EAST predictions 1.75 1.87 1.75 1.84 123300 4.55%
PALI predictions 2.09 2.14 1.90 2.08 218600 4.52%
CRON predictions 4.21 4.45 4.12 4.40 3452300 4.51%
LYL predictions 1.34 1.40 1.34 1.39 21200 4.51%
NVOS predictions 1.37 1.40 1.27 1.40 68700 4.48%
CNTB predictions 4.21 4.57 4.21 4.45 153400 4.46%
NEX predictions 3.35 3.57 3.26 3.51 1959700 4.46%
SOHO predictions 2.26 2.36 2.25 2.36 127400 4.42%
VISL predictions 1.36 1.45 1.36 1.42 930500 4.41%
MRIN predictions 4.80 5.09 4.66 4.98 489500 4.40%
TRVG predictions 2.11 2.15 2.04 2.15 864600 4.37%
FAMI predictions 0.25 0.26 0.24 0.24 66268000 4.35%
BBDO predictions 3.18 3.18 3.08 3.14 33000 4.32%
PHCF predictions 1.36 1.57 1.35 1.45 127600 4.32%
HLX predictions 3.01 3.16 2.88 3.15 2479300 4.30%
GLG predictions 0.47 0.50 0.46 0.49 489600 4.26%
HNRG predictions 2.38 2.50 2.34 2.45 103800 4.26%
NBRV predictions 0.72 0.74 0.70 0.74 481900 4.23%
XTNT predictions 0.71 0.75 0.71 0.74 47000 4.23%
MNMD predictions 1.94 2.00 1.88 1.99 2751700 4.19%
FLGC predictions 1.90 2.01 1.82 2.01 1393300 4.15%
VIEW predictions 3.90 4.04 3.88 4.02 1781500 4.15%
VIRX predictions 4.09 4.33 4.05 4.28 237000 4.14%
AUD predictions 2.43 2.57 2.42 2.53 876000 4.12%
SLDB predictions 1.75 1.79 1.69 1.77 3419400 4.12%
SELB predictions 2.91 3.05 2.90 3.04 958900 4.11%
CCO predictions 2.96 3.08 2.91 3.04 1295200 4.11%
DMS predictions 4.16 4.35 4.10 4.33 95300 4.09%
OCX predictions 2.24 2.30 2.16 2.29 276600 4.09%
KIQ predictions 0.50 0.53 0.50 0.51 248900 4.08%
AEG predictions 4.53 4.62 4.51 4.60 2335700 4.07%
OESX predictions 3.45 3.66 3.45 3.59 295400 4.06%
FEMY predictions 4.63 4.92 4.37 4.87 23600 4.06%
WMC predictions 2.25 2.34 2.21 2.32 437100 4.04%
ELVT predictions 2.99 3.14 2.99 3.09 295200 4.04%
MCLD predictions 4.20 4.41 4.20 4.39 25800 4.03%
RDI predictions 4.01 4.14 3.98 4.13 23900 4.03%
IMMP predictions 3.33 3.44 3.21 3.36 243600 4.02%
GMTX predictions 2.50 2.66 2.39 2.61 115400 3.98%
HYRE predictions 4.77 5.00 4.64 4.97 273300 3.97%
NOVN predictions 4.83 5.00 4.71 4.97 236300 3.97%
CYTH predictions 4.98 5.20 4.75 4.99 75400 3.96%
UAVS predictions 2.05 2.14 2.03 2.10 2173100 3.96%
ZIOP predictions 1.27 1.33 1.26 1.32 1942500 3.94%
XL predictions 4.06 4.27 4.05 4.25 2009100 3.91%
MILE predictions 2.30 2.45 2.27 2.40 4403100 3.90%
CALA predictions 0.76 0.83 0.76 0.80 752800 3.90%
AKBA predictions 2.56 2.68 2.52 2.67 3256300 3.89%
GIFI predictions 3.93 4.03 3.92 4.02 35000 3.88%
IFRX predictions 4.66 4.83 4.57 4.83 328900 3.87%
JZXN predictions 1.83 1.90 1.79 1.89 124700 3.85%
SUNL predictions 4.25 4.33 4.12 4.33 1074700 3.84%
TMQ predictions 1.63 1.66 1.60 1.63 126400 3.82%
MTL predictions 2.97 3.04 2.97 3.02 91000 3.78%
AVGR predictions 0.50 0.58 0.50 0.55 943200 3.77%
BGI predictions 4.29 4.54 4.28 4.45 130000 3.73%
NVFY predictions 1.95 1.99 1.89 1.96 64300 3.70%
MITO predictions 0.80 0.84 0.78 0.84 73300 3.70%
CYCN predictions 1.96 2.01 1.83 1.97 268000 3.68%
VIRC predictions 3.24 3.38 3.24 3.38 6300 3.68%
USEG predictions 3.26 3.45 3.25 3.38 184600 3.68%
EXN predictions 1.10 1.17 1.10 1.14 32600 3.64%
PGEN predictions 3.82 4.02 3.74 3.99 1732100 3.64%
MNOV predictions 3.05 3.24 2.97 3.14 453300 3.63%
PETV predictions 3.00 3.25 2.77 3.15 731400 3.62%
IMH predictions 1.20 1.20 1.13 1.15 46300 3.60%
NXE predictions 4.41 4.64 4.35 4.61 1423300 3.60%
TRYP predictions 4.20 4.36 4.20 4.33 86400 3.59%
ALZN predictions 1.95 2.08 1.91 2.02 1477900 3.59%
ACOR predictions 2.48 2.64 2.48 2.61 158500 3.57%
RCG predictions 2.80 2.90 2.80 2.90 5800 3.57%
MDIA predictions 4.71 5.00 4.52 4.94 489100 3.56%
NYMT predictions 3.64 3.81 3.62 3.78 3376800 3.56%
BRFS predictions 3.44 3.57 3.44 3.50 3029100 3.55%
PSHG predictions 4.32 4.40 4.25 4.39 22200 3.54%
ARAY predictions 4.59 5.00 4.59 4.98 1068100 3.53%
SNDL predictions 0.58 0.60 0.57 0.59 118583000 3.51%
ALRN predictions 0.57 0.60 0.55 0.59 487000 3.51%
XELA predictions 1.15 1.20 1.12 1.18 7521800 3.51%
MOSY predictions 3.71 4.07 3.71 3.84 441500 3.50%
METX predictions 0.31 0.32 0.30 0.30 27429600 3.45%
WATT predictions 1.46 1.52 1.42 1.50 1306100 3.45%
PEI predictions 1.17 1.21 1.14 1.21 467100 3.42%
PXJ predictions 2.95 3.05 2.92 3.04 288900 3.40%
CBD predictions 3.98 4.05 3.91 3.97 622400 3.39%
HDSN predictions 3.81 4.01 3.70 3.96 817400 3.39%
ASC predictions 3.60 3.69 3.52 3.69 157000 3.36%
MCF predictions 3.26 3.44 3.17 3.38 822600 3.36%
ALYA predictions 2.38 2.46 2.38 2.46 13400 3.36%
FURY predictions 0.60 0.64 0.59 0.62 259400 3.33%
NAT predictions 1.87 1.91 1.83 1.87 2046600 3.31%
BTN predictions 2.75 2.90 2.71 2.81 37600 3.31%
MHLD predictions 3.05 3.15 3.01 3.12 74800 3.31%
BORR predictions 0.92 0.96 0.90 0.94 1068200 3.30%
PAVM predictions 3.30 3.55 3.28 3.45 2128900 3.29%
ENVB predictions 1.23 1.29 1.14 1.26 1158000 3.28%
PRPO predictions 1.87 1.91 1.72 1.89 385000 3.28%
KERN predictions 2.14 2.22 2.05 2.22 583900 3.26%
CPSH predictions 3.41 3.60 3.38 3.51 181100 3.24%
UGP predictions 2.55 2.59 2.46 2.55 2155800 3.24%
HUSA predictions 1.63 1.66 1.58 1.61 42800 3.21%
DRRX predictions 0.95 0.98 0.91 0.97 535700 3.19%
UEPS predictions 4.39 4.83 4.35 4.54 60400 3.18%
GOCO predictions 3.49 3.73 3.48 3.59 3613200 3.16%
AVCO predictions 0.95 0.98 0.91 0.98 69500 3.16%
EQOS predictions 3.80 3.97 3.69 3.93 625600 3.15%
ALNA predictions 0.64 0.67 0.62 0.66 1056500 3.13%
GNW predictions 3.89 4.00 3.86 3.97 2579700 3.12%
WPRT predictions 2.27 2.37 2.23 2.32 2485500 3.11%
JCS predictions 2.88 2.99 2.85 2.99 33100 3.10%
BPTH predictions 4.20 4.44 4.10 4.35 112400 3.08%
XBIO predictions 1.29 1.35 1.29 1.34 134900 3.08%
HAPP predictions 0.64 0.67 0.62 0.67 293800 3.08%
DHC predictions 2.60 2.71 2.55 2.69 1903200 3.07%
AEMD predictions 2.26 2.40 2.26 2.36 168600 3.06%
TGB predictions 2.00 2.11 1.96 2.03 1755100 3.05%
WTI predictions 3.27 3.44 3.21 3.40 2332600 3.03%
TUSK predictions 1.92 2.05 1.85 2.05 295300 3.02%



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Best Penny Stocks

The above best penny stocks list does not include OTC penny stocks. You can visit the OTC penny stocks to find stocks that are trading on the OTCBB market. Please be aware that this list does not suggest any penny stocks to buy or to sell, it is just the top penny stocks today.

The top penny stocks list is sorted by percentage gain of the day. If you want to find penny stocks with other conditions, you can use our penny stock screener. The penny stock screener allows you to find stocks based on volume and price. For example, you can easily find any stocks under $1 with a volume over 10 million.

How to Trade Penny Stocks

There are two major elements that we must acquire in order to make money trading penny stocks, a profitable pattern, and a winning attitude.

Step 1: Finding a Winning Penny Stock Chart Pattern

Finding a winning pattern is the first step that we should do if we want to succeed in penny stocks trading. We should find patterns that have worked well in the past, and then apply these patterns to our future trades. Recognizing a profitable pattern is our edge in the stock market. Remember, when one trader makes money, there is someone else who lost it. Nobody wants to lose money, but hardly anyone who participates in the stock market spends any time learning and understanding how the market works. The stock market is not easy to beat and penny stocks are even harder. In order to make money from penny stocks, you need to have an edge against the other traders. Finding a profitable pattern is your edge. Some patterns may work 25% of the time, some work 50% and others more than 70% of the time. However, don't expect a pattern to work 100% of the time. How do we find these types of patterns? Not from gurus or listening to tips from a friend, but by studying the stock charts yourself. You must study the daily gainers and losers and save these charts so that you can study and find profitable patterns from these charts. Start with the top 10 penny stock charts that we post each day at the bottom of this page. After you compile enough data and find a winning pattern, you want to bet your money on the patterns that have a high percentage of winning. If you have a small account, you want to trade only the patterns with at least a 70% chance of winning rate and pass on all the other patterns until you grow your account. In Complete Guide to Penny Stocks Trading, I have shared a pattern that works fairly well for me. I also shared some of the penny stock strategies and my mental approach to trading.

Step 2: Develop a Winning Attitude

The second element in trading is a winning attitude which is even more important than a profitable pattern. As I stated above, no pattern will work 100% of the time, not even close. Even worse, some patterns may work well for a period of time and then stop working. It is during those times when a pattern fails to perform, trading discipline will make or break a trader. A winning trader knows when to cut losses and move on when a trade fails whereas a losing trader may hang on to a losing trade for far too long until it is too late to get out. Most traders develop discipline the hard way myself included. They fail to see the importance of mental attitude even though they may have read from somewhere that psychology plays a key role in trading. Here are a few major mistakes that most traders make that ultimately crush their ego and portfolio.

  • Overtrade - For beginners and even some experienced traders, they tend to overtrade. They are impatient and don't wait for their perfect pattern. Remember, it may take a couple of days or even weeks for the profitable pattern to appear. During this time, it is best just to be idle instead of placing random trades. However, traders without discipline do the exact opposite. They want to make money as fast as possible, and so they trade patterns that don't have a good percentage of winning rate.

  • Focus on the money instead of the pattern - Some people are so emotional that they only focus on how much they are going to make or lose on a particular trade rather than the pattern itself. If you don't have faith in the pattern, then you shouldn't make that trade in the first place. The market doesn't care about how much you make or lose on any stock, you must plan ahead and trade only the patterns that you found to work well in the past.

  • Anticipate the pattern rather than waiting for the pattern to occur - Some traders place trades way too early. As soon as they see a potential pattern that may be forming, they jump on and wait for the pattern to take place. They may get lucky once or twice, make some money, and enhance their ego. Unfortunately, most of the time the profitable pattern doesn't appear, so they lose more money anticipating rather than waiting. Even worse, they get stopped out early on a trade and then watch the pattern actually appear and miss out on huge profits. They kick themselves and what they do next is to set a wider stop loss for the next trade which compounds the mistake of getting in too early.

  • Trading without stop loss - Trading without a stop loss is the worst mistake that a trader can ever make. Some traders have a big ego that they will never take a loss on any trade, so they allow a small loss to turn into a disaster. Remember, most penny stocks go bankrupt in the long run, holding a losing position for too long will mean that you may lose 100% of the money on that trade. You do that a couple of times, your whole portfolio will be wiped out.

  • Trading without a plan - Whenever you place a trade, you must have a plan of when to take profit and when to exit the trade if the trade goes against you. Not only do you need to have a plan, but you also need to have the discipline to execute your plan. It is much easier to plan logically before you place a trade. Once your money is in the trade, it is already too late to make plans. Your emotions will take over your logic for the trade.

  • Trading with the money they can't afford to lose - Trading is risky. You should trade only with the money that you can afford to lose. If you need that money to buy food and pay rent, then you shouldn't trade with that money. Otherwise, you won't make good decisions and eventually, you will lose all that money. Instead, get a part-time job or something and save money until you have the kind of money that you can afford to lose.

The above are the mistakes that I see traders make all the time. When you make a bad trade, not only do you lose money, you also lose self confidence. You lose faith in your trading method, and all you want to do is to make back the money that you just lost. In the end, you will lose even more and faster. Developing a winning attitude is critical if you want to make money trading penny stocks and it takes time, effort, and experience. The stock market has been around for a long time and it will continue to be here, so do not rush to the market until you are ready.

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Top 10 Penny Stocks to Watch on Robinhood

Following are the top 10 Robinhood penny stocks to watch. Study the winning chart patterns on a daily basis and find a pattern that works for you. This list is updated after market close each day, so you can study the patterns of gainers each day.



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