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Do penny stocks really do their own thing? They go up and down and don’t move with the overall market … right? Not exactly. Today, Tim Bohen breaks down this common misconception and explains three factors that can influence penny stocks.
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Penny stocks do their own thing … to a certain extent. But just like the overall market, penny stocks are affected by outside factors. So how can you better track low-priced stocks?
First, follow the SPY ETF. It tracks the S&P 500 Index. It’s also one of Bohen’s favorite tools to gauge the overall market. A lot of traders follow the Dow Jones, but that’s only about 30 stocks. The S&P 500 tracks 500 of the most actively traded stocks.
One of the best things about the SPY? Three out of four stocks tend to follow the overall markets — that includes penny stocks. SPY can be a great tool to help you decide how to approach the day and your trades.
Tip #2: look for big news events. What’s going on in the world? How can that affect and influence the penny stock markets? Think politics, natural disasters, military conflicts, pandemics, etc. These can all affect the markets. (Check out the video for specific examples.)
Always be aware of outside events — they create trading opportunities.
Now for the third and last tip ... Focus on hot market trends. Look for what's really moving. That could be low-float stocks, Bitcoin, cloud-computing stocks, weed stocks, and so on.
These trends may not have anything to do with what’s going on in the real world. That’s OK. What’s key is that they’re still moving in the market. Traders are always on the lookout for the next hot stock.
When you find a hot stock in a trending sector, remember K.I.S.S. Keep it simple, stupid! Scan for those percent gainers and take notes. When you find a hot stock, look at the sector it’s in and why it’s moving. This is how you learn to follow trends.
And when that sector comes back, you’ll be better prepared.

#StocksToTrade #StockMarket #PennyStocks

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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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