If you’re looking for the best penny stocks to buy today, you better have a plan in mind. One of the biggest mistakes traders make is trying to predict what the market or stocks will do. Reacting has been a proven strategy to profit from, especially in the current stock market environment. The difference is the extra second it takes to digest information instead of trying to anticipate what might happen.
With plenty of headlines buzzing about in the stock market today, there’s plenty of noise to cut through. This article looks at some f the most active penny stocks on Friday. They’ve all released meaningful news that has triggered a reaction from traders. The important thing to account for is the type of follow-through or lack thereof that will take place in the market. Case in point, many penny stocks with news tend to pop quickly once the information is released, but that move may not last as long as most traders would like.
That can result in a one-way ticket to holding the bag. We’ll break down the news and key points in the spirit of being reactive instead of predictive. We’ll also look for any upcoming or near-term potential catalysts that may be worth noting. Then you can decide if these companies deserve a place on your list of penny stocks to watch.Continue Reading