There is only one thing that’s going to allow you to be successful with small cap stocks, and that’s knowing which penny stocks to watch. One thing that separates top traders from the losers is being in the right circles, receiving the right stock picks, and knowing how to buy and sell on the right alerts. Knowing how to do these things correctly can be a huge determinant in whether or not you’re going to last with penny stocks.
These veteran penny stock traders are always in the know and know exactly which are the best penny stocks to watch, these guys can be your biggest allies. Take advantage of these trader’s insight, in order to gain an upper hand.
Best Penny Stocks to Watch Today
Here are some of today’s best penny stocks. Though this list of small cap stocks consists of both the biggest gainers and biggest losers, it’s important to keep an eye on most of these stocks. In order to make a winning list of penny stocks, simply click on either $Gainers or %Gainers to make a penny stocks watch list based on the days biggest winners.
Develop a List of Penny Stocks Using Newsletters
Like mentioned before, one of the biggest steps to becoming successful with pink sheets is developing a list of the best penny stocks that are showing potential. One of the best ways to develop your list is joining a circle of insiders through a newsletter. These newsletters are perfect for traders who are getting started and traders who are looking to take the next step in becoming a successful small cap trader.
The great thing about penny stock newsletters is that they provide you with everything you need to be successful when it comes to trading. Not only do they send you daily lists of the best penny stocks, they send out free stock alerts which notify you of hot stocks before they actually break out, giving you just enough time to turn a profit on big trades.
As you should know by now, penny stock newsletters are crucial when it comes to trading small cap stocks and finding top penny stocks to watch. Joining as many of them as possible is one of the most important things you can do if you plan on trading successfully.
Using Free Tools to Build a List of the Penny Stocks to Watch
Building a winning list of doesn’t have to be expensive, it actually doesn’t have to cost you anything at all and anyone that tells you differently is either wrong or trying to sell you something. There are tons of free tools out there that if used correctly will give you an advantage at both finding penny stocks to watch and trading successfully, some of which that are offered by certain penny stock brokers and some of which that are free to use if you know where to find them.
One of the best sources for free stock charts, news, price charts, press releases and more is ADVFN.com. ADVFN offers all of the necessary tools required to build a strong, sure fire list of penny stocks to watch. In order to use all of their free tools, sign up for a free account. A free account will give you 100% access to all of their tools, lists, and alerts; sure you could use their tools without an account, but you won’t have access to the tools that are really going to give you that edge you need.
1) Using Price Charts
If you’re serious about getting started with small cap stocks and pink sheets, you’re going to need to learn how to use charts like this in order build your list of penny stocks to watch. These charts are perfect for staying in the know on hot penny stocks. Not only are these charts going to give you a great list of penny stocks to watch, charts such as this are usually real time, meaning that they are incredibly effective when it comes to keeping track of big gainers throughout the trading day.
Though these charts are great for keeping an eye on hot pink sheets, as a trader you shouldn’t base your trades off of these charts alone. These charts should be used alongside your newsletters in order to build a winning list.
One of the best places to find these charts is ADVFN, they offer one of the best platforms on the web when it comes to getting the latest penny stock news, company press releases, and up to the minute gainers/losers. The best thing about ADVFN is that it’s completely free to join and their tools are incredibly easy to use.
2) Trading on News
If you plan on becoming an active trader, you must learn how to trade on news. Believe it or not, company news has tons of influence on the market. News such as buyouts, mergers, and FDA approvals can send a company’s stock soaring! You should also be able to spot negative news, negative news consists of announcements such as stock splits; news such as this will bury you, sending the company’s stock on a rapid decline. As you can probably tell, press releases and news is incredibly important when it comes to trading penny stocks. You should always keep your eyes out for any and all press releases and learn how to trade according to the news.
One of the most important things when it comes to trading penny stocks on news is a news filter. Using a news filter will give you a huge advantage. News filters allow you to set up alerts according to your watch list. Whenever a company you’re watching issues a press release or is noticed in the news, your news filter will pick it up and notify you immediately.
Believe it or not, setting up a news filter is quite painless and are incredibly easy to use. If you haven’t already checked out ADVFN, you probably should. Not only do they offer high quality real time charts and prices but they also offer great news filters, and like mentioned before, all these tools are included with a 100% free registration.