Stocks to Trade
Daily Watch List of Small Caps & Penny Stocks to Trade
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Warrior Trading operates one of the largest day trading chat rooms for day traders and swing traders. We offer live trade alerts and stock market education in our day trading chatroom Monday-Friday 9am-4pm. We provide our daily watch list free for members and guests. Check out some of my Recent Winners off the watch list here. On the watch lists below you won’t see the typical penny stock trade ideas of other sites. We typically focus on trading stocks priced above $2 and below $10, although you may see high priced names like $TSLA and $NFLX side by side with lower priced stocks. Remember that we are not investors and these are not long term investments in the stock market. We trade the stock market looking for quick opportunities to lock in 5-10% winners. Small caps and penny stocks offer the best opportunities for those moves.
Most mornings the stocks on this watch list are already gapping up (opening higher than they closed yesterday). This is indicative of a catalyst such as earnings, press releases, etc. Sometimes these gaps are purely technical without news behind them. Regardless of the catalyst, I’ll be watching these for Gap and Go Strategy opportunities. When stocks are gapping up they often have the potential to squeeze 20-30%. If I can capture even 1/3 of that move, I can do really well. My job is first to identify stocks with home run potential, and then second to find an exact entry. I call out all my entries and exits in that chat room for our students.
As part of my Momentum Trading Strategy and Gap and Go Strategy, I want to enter these small caps and penny stocks as quickly as possible. If they open and start selling off immediately, I may watch for a red to green move. That means I’ll look for 2-3 red 1min or 5min candles as soon as the market opens, then buy the first candle to go green. If they open strong, I may enter at half dollars or whole dollars, entry at 5.00 with stop at 4.90, or entry at 5.50 with stop at 5.40. Alternatively, I can wait for the first 1min or 5min bull flag to form. These pullbacks on the 5min chart are typically the safest entry points, but sometimes stocks are so strong they go parabolic (50-100% moves) before pulling back.
There are some days when I won’t have a watch list because there isn’t anything I like. On those days I will instead be trading off my High of Day and Reversal Scanners. These scanners will show me stocks that fit my requirements in the middle of the day, even though they weren’t on watch from the pre-market session.
Remember, always practice trading in a simulator before you trade these strategies with real money! Prove you have what it takes to be profitable. If you aren’t already a member we’d love to have you join us in our day trading classes or our chat room.
Tuesday Feb 21st 2017
I have a few stocks on my radar this morning. Generally after a long weekend I try to ease back into the market. I want to see really good follow through on my first & second trades, then I’ll be ready to put the pedal to the metal!
$APOP (former runner) 3.14mil share float gapping up 20%. This is breaking over the 6.77 resistance that we ran into twice in the last week. Now we are looking good in terms of resistance until 8.78. I’ll probably watch long over pre-market highs of 7.50, or possible an early entry on the 1min chart in anticipation of the squeeze up to 7.50. Headline: Cellect Announces Positive Clinical Trial Results
$CYCC (former runner) gapping up but no news that I can see. 3.5mil share float up 31%. Possible technical breakout, I’ll watch it for gap and go setup over pre-market highs.
$IDXG (former runner) 700k share float gapping up +16%. Like APOP, I’ll watch long over pre-market highs of 3.50, possible entry in anticipation of that break. Headline: Interpace Diagnostics Enters into Collaborative Agreement with Viatar CTC Solutions to Detect and Characterize Early Cancer in Liquid Biopsies
$ZAIS daily bull flag setup.
$EYEG possible long over pre-market highs, this one in the past has been a bit tricky.