Before we jump into some of the marijuana penny stocks that are hot in October we want to go over some tips to choosing the best marijuana penny stocks.
- Remain alert and look out for best stocks
The marijuana market is booming and if you want to be involved in it, you will be required to look forward to the actual stocks having positive fundamental and technical values. There are many rumors for penny stocks and the trading volume highs and lows can be viewed only from the charts.
There is excitement among the investors to jump on the board and strike the price action. The important thing for an investor is to look back to the phases which have gone and get aggressive towards their approach in predicting the future of the pot penny stocks on their watchlist.
- Check out Canadian Pot stocks as well
People in the US are interested in Canadian stocks as many American companies get associated with the Canadian companies for business. Make sure that in-depth research is done for the companies and the information regarding Canadian partnerships, distribution, and transport agencies are looked for to get the product information. There are some stocks like CRON, CGC, TLRY, etc with great scope in the Canadian and US market. You can follow some application to add the stocks you want to look for and get the regular updates about them.
- Building your marijuana stock portfolio
It is crucial to building a strong portfolio containing the best stocks under your consideration. The watchlist will help in keeping the news stories, SEC filings, and top gainers or losers, but it is actually crucial for your profile to check out the penny pot companies under consideration.
You can use many platforms to keep a watchlist for your desired stocks, scan the new trades and do much more with the stocks. The apps containing your watchlist will show all the updates and it will be easier for you to view the status of your stocks every day.
- Mastering the trading skills
There is a small percentage of traders who implement their skills in the best way and get profit from their trading methods. The right skills can only fetch the best profits for traders. It is important for investors to do hard work and work dedicatedly to research the stocks. The money won’t come without your efforts. Mastering the trading skills is not very difficult but it has to be done without your will to learn every day.
- Trading Challenges
If you want to get serious about trading marijuana penny stocks by learning the trading techniques for penny stocks, there will be vast opportunities waiting for you. There are trading challenges to turn the newbie traders into excellent penny stock investors using their different tactics of investment. There are video lessons and self-training blogs available online. Virtual cash trading could be an exciting option, to begin with.
Penny stock trading is not for lazy people. If you’ve decided right now to invest in marijuana penny stocks, today is the right day to begin.
Alright now that we got all those steps out of the way here are a few stocks the have been receiving some attention.
NUVM- NuVim, Inc.
This is a stock we own shares of because it is set up the same as DCGD was. It is a very low float stock that is actively seeking and interviewing merger partners. The CEO Richard P. Kundrat headed the Lipton-Pepsi partnership. Merger news could send this stock skyrocketing. We have grabbed shares and are patiently waiting for it to go up.
DCGD – Discovery Gold Corp
DCGD is a stock that has been on fire. This is the best performing penny stock of the year. It at one time was under .01 a share and now is at $1.01 a share. This is what happens when a company has a reverse merger and 51% of the shares get bought up by a wealthy business man. Investors are excited and the stock has been on fire. Make sure you check out our DCGD stock article.
Disclaimer: We own shares of NUVM. This article should be looked out as entertainment only. Please read our disclaimer.