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πŸ“ˆπŸ“ˆ Top Penny Stocks to Watch on 5.7.2019 πŸ’΅πŸ’΅πŸ’― $CRSM $ACRL $BCND $CNNA $GSAT

What Is a Penny Stock: A penny stock refers to a small company's stock that typically trades for less than $5 per share. Although some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most penny stocks trade via over the counter (OTC) transactions. Transactions take place through the electronic OTC Bulletin Board (OTCBB) or through the privately-owned Pink Sheets. There is no trading floor for OTC transactions, and the quotations are also all done electronically.

Jonny Red's Penny Stock Trade Thoughts Below:

The below listed Penny Stock Tickers are all those that meet the criteria of the scanner.  These are tickers that need to be watched and analyzed at Market Open to see if they will continue their Northern Momentum. I have posted a few of the charts for my favorite ones.

Favorite Ticker Symbols from Scan List: $CRSM $ACRL $BCND $CNNA $GSAT 

Transparent Traders Penny Stock Scanner: http://tos.mx/aQGXF4

- Close ---> .0005 to 5.00
- Volume ---> Min. 200k / Max. Unlimited
- % Change ---> 2%

- Price Direction ---> Close, Increased, 2 Consecutive Bars

3 Best reasons for creating a watch-list:

1. A stock watch-list will help you to avoid impulse buying:

Many times, you might see the market down or few stocks trading at a very cheap price. Here, most people will purchase stocks on impulse because they do not want to miss the opportunity. And because of this impulse buying, they end up with fundamentally weak stocks (most of the times) as they never got the time to study the stock properly. Having a stock watch-list can help you avoid impulse buying.
2. It will help you seize the opportunity when it presents:
If you already have a list of few amazing stocks that you are planning to buy and you found the stock prices within your purchase range in future, then you can seize the opportunity.
As you have researched that stock previously, all you needed was an opportunity. Remember, success occurs when opportunity meets preparation.
3. It can help you plan your future purchases:
There may come few situations when you won’t have enough cash/savings to purchase the stocks at that moment. In such case, you can keep those stocks in your watch-list so that you can buy them in future if a similar opportunity arrives.
Having a stock watch-list helps a lot in the scenarios like market fall or correction. 
In these scenarios, most people get confused what to purchase and what not to?
  • - A quarter of the investing population is confused on what to buy because they find most of the stocks at a discount price and ends up buying a number of not-so-good stocks.
  • - Remaining are scared and starts researching the stocks from scratch. Generally, it takes a lot of time and hence, they miss this buying opportunity.
However, if you already have a watch-list of amazing stocks, then you can seize the best deals.

1 comment:

  1. $CNNA is a very interesting stock. I've really enjoyed all the gains recently from other cannabis related stocks. Seems that all cannabis stocks have done extremely well over the last year.