Top Penny Stock Gainers

Finding the Top Penny Stock Gainers

8 min read

If you’re a smallcap trader, trading the top penny stock gainers should go to the top of your list of things to conquer. It’s fun and exciting, and you see gurus on Instagram making boatloads of money trading them. It’s just downright exciting to trade them, and that’s why they’re alluring. Most of you reading this likely have a small account, which is what drew you to trading penny stocks in the first place.

So you’ve got your $3-5K account, and a penny stock goes parabolic. The first thought in your head is, “I’m gonna short this down and bank huge!”

You start doing shooteth; a $3 move towards $5 and dollar signs start falling in front of you., Thoughts like “Iffall 1,000 shares and catch the $1, move back down, that’s $1000 bucks! Holy crap, I can quit my job by just catching a few of these!”. Not so fast. 

Does that sound familiar? If the answer is yes, you will want to keep reading because you will be volatile and generate catastrophic losses.

Even with the top penny stock gainers. Our penny stocks list updated potential runners each night. 

What Is a Penny Stock?

According to the Securities Exchange Commission (SEC), a penny stock is any stock trading under $5.00 a share. Most of these companies are relatively new, without a proven track record of success. 

Coupled with the fact they have a small market capitalization, they are inherently risky for both investors and traders.  

But if you’re up for a challenge, you’ll find it with penny stocks. Typically, these companies don’t make good long-term investments because they often crash and burn.

Conversely, top penny stock gainers can offer tremendous trading opportunities if you know what you’re doing. Sometimes, you’re long; sometimes, you have to short-squeeze stocks.

Benefits of Top Penny Stock Gainers

Why should you trade top penny stock gainers? I could write an entire blog post listing all the reasons, but here are a couple of the main ones:

  • Their potential volatility. Without a doubt, penny stocks are volatile. Often, these stock prices soar or crash on single news stories and hype created around the company. If you know how to spot and trade these monster moves, you can make quick, sizable gains. Similarly, the lower the float, the more potential a pennystock has to do something nuts; because of this, don’t get emotional. These parabolic runners are almost always low floats and most likely have some form of manipulation. The smaller the float (5-8M or lower) = less liquidity = more volatility
  • The potential of exponential gains. It’s not uncommon to see a penny stock soar up or plummet over 100% or 200% in a short period. But, a small percentage of penny stock trades work out very well, which makes them appealing to those with smaller accounts. 
  • The speed. Not all penny stocks see quick movement in their market price. But unlike typical blue-chip stocks, when a move happens, it happens quickly. Also, you don’t have to wait months or years to double or triple your money. In many cases, it’s just hours or minutes.  

How to Trade Penny Stocks

Experts would agree it’s not recommended to buy and hold penny stocks long-term due to their risk. Most of the time, we buy and sell penny stocks quickly – from a few minutes to a few days or weeks. 

It would be best to have penny stock trading strategies to trade top penny stock gainers successfully.

Day Trading Course Options Trading Course Futures Trading Course
DESCRIPTION Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action
Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading

How to Find the Top Penny Stock Gainers

  1. Find and set up a good scanner.
  2. What technical indicators work for you?
  3. What news is coming out?

There are many ways to find top penny stock gainers’ trade setups. Firstly, you can use a penny stock scanner with a volume filter attached to search for low-priced stocks.

Or, you can set up about 100 screens depending on your criteria. In short, beginners should trade only high-volume penny stocks because those with low volumes are incredibly volatile.

Or you can check out our watch lists and trading alerts.

Set up Your Scanner to Find Gainers

Because thousands of top penny stock gainers are traded daily, you must know how to locate the stocks with the highest potential.

Luckily, you can find the needle in the haystack with the right scanner. A scanner lets you quickly search the entire universe of penny stocks for the criteria that fit your trading plan.

It’s up to you what you search for, but many traders look for volatility spikes, news stories, increased volume, or previous big movers.

Trade Ideas is one of our favorite stock scanners. We love Trade Ideas because they’re easy to use once set up (become a Deluxe Yearly member and receive our custom-built Trade Ideas scans).

It provides a ton of data with a simple interface and is constantly being improved by its engineers. It helps us work smarter, not harder. 

We love the high-of-day momentum scanner, especially as day traders. It shows us stocks with massive volume and bullish breakouts at their high of the day: A day trader’s dream. This stock scanner is mostly associated with the day trading crowd. 

Choose Your Technical Indicators

You’ll get five different answers if you ask five traders how to pick top penny stock gainers. While most traders start with chart patterns, I recommend using technical indicators.

My reasoning is this: They show and give you a more in-depth insight into the action on the chart. For example, technical indicators like VWAP, RSI, and volume tell a story.

Maybe that sounds supertechnical, but it’s often as simple as showing the average price over the past 20 trading days (moving averages) or the difference in volume traded between up and down days (OBV indicator).

When trading stocks, penny stocks, or Popeyes, I put most of my faith in technical analysis and patterns. I focus on charts, graphs, and indicators in an “attempt” to determine the direction of a stock or the beginning, continuation, or end of a trend. 

Fortunately or unfortunately, the list of indicators available to identify potential penny stock gainers is endless. Ranging from the volume, MACD, EMA, SMA, RSI, PSAR, VWAP, and even float.

When I started trading, I was under the impression that more was better. I suggest you test many of them, see what works for you, and only pick a few. Please keep it simple.

Wait for the Catalyst

We want to trade top penny stock gainers that have massive moves up or down on the same day. We often see these moves after the news (i.e., positive results in a cancer trial).

More often than not, the spikes happen out of the gate and last for about 30 minutes. Further to this, many times, the gap-up occurs in the pre-market.

To catch these pre-market gappers, take the time to source and set up a good scanner. We look for these in our penny stocks trading room.

Final Thoughts: Top Penny Stock Gainers

Whether it be large-cap or small-cap stocks, trading them can be confusing. And this is no different for penny stocks. Likewise, the top penny stock gainers can be your best friend or worst enemy.

Unfortunately for most, the latter. You’re probably not very profitable even though you “have fun” trying to trade them.

But the fact remains, if you trade low-float penny stocks like other professionals trade large-cap stocks, there’s a good chance you will succeed. Let us take the confusion out of the game and teach you how to trade like the pros. 

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