10 Hot Penny Stocks You Should Add to Your Watchlist

What 10 hot penny stocks are worthy of your penny stocks list or watchlist right now?

The current market is incredible, causing all sorts of stocks to move in ways they’ve never moved before.

With so many stocks of established and reliable companies moving in this volatility, it’s easy for traders to forget about penny stocks.

It’s true … most penny stocks are from garbage companies that will probably fail. And although these penny stocks may not be good long-term investments, they’re still moving or are in hot sectors. These penny stocks are good trading options for traders — especially traders with a small account.

In this post, we’ll show you the hot penny stocks we’ll be watching for the remainder of 2020.

What Is a Penny Stocks List?

Smart traders know the importance of preparation when it comes to trading successfully. The better prepared you are, the better decisions you can make in live trades.

But there are so many stocks to watch … How do you keep track of the best stocks for your strategy so you’re not distracted by every shiny object? 

Well, that’s where penny stocks lists — or watchlists — come in. A penny stocks list is simply a list of the penny stocks that you plan on watching for possible trades after you’ve done your research.

Now, just because a stock is on your list doesn’t mean you’re going to trade it … it just means the stock has good potential. You still have to make sure the stock’s price movement fits your particular setups — and when you decide to trade it, make sure you create a trading plan.

Learn more about volatility and prepare for any market. Check out “The Volatility Survival Guide” I created with Tim Sykes specifically for this crazy market and beyond.

10 Hot Penny Stocks List for 2020

Now that you know what a penny stocks list is, let’s get right into it.

Here’s the 10 hot penny stocks list for 2020!

Find out which stocks I watch every week — it’s completely no cost and can help you prep every week. Sign up for my weekly watchlist here.

Allied Esports Entertainment Inc. (NASDAQ: AESE)

If you’ve been following our posts, you know a hot theme we’re talking about is e-gaming … and we don’t just mean online games. We’re also talking about game viewing via Twitch.

Twitch is a live streaming platform for gamers.

Now, you may think that watching other people playing video games is a stupid idea — a lot of us have thought the same thing. But the truth is, the world is changing and it’s become a big business.

AESE spiked as recent as October and it wouldn’t be a big surprise to see it spike again.

Astrotech Corporation (NASDAQ: ASTC)

Astrotech is a tech company that’s main business is to develop explosive and narcotics detectors for use in places such as airports. But apparently, they do other things, as well.

ASTC ran big towards the end of October on news the company agreed to develop a solution to rapidly screen for COVID-19.

The stock is sketchy but it’s run several times in the past. The company did an offering and got cash so it could definitely spike again in the future.

Birks Group Inc (NYSE: BGI)

Traders have been chasing dying retailers for some reason.

Could it be Robinhood traders going after cheap stocks? We’re not sure but the thing about penny stocks is that a lot of times they don’t follow logic. Sometimes sectors are just hot.

J Jill Inc. (NYSE: JILL) ran a month ago … JCPenney (OTCPK: JCPNQ) ran two months ago. BGI almost doubled last month without any news. Dying retailers are a trend right now and we need to make sure we watch those trends.

Genius Brands International (NASDAQ: GNUS)

Genius Brands is a company that creates entertainment content for toddlers and tweens. Basically, they’re trying to brand themselves as a Netflix for kids.

They got into an agreement with superstar Arnold Schwarzenegger to create an animated children’s series. Arnold even became an investor in the deal.

The stock is super sketchy, but it’s run big in the past so it’s a decent candidate for a penny stocks list.

Ideanomics Inc. (NASDAQ: IDEX)

When you want to market your company, buzzwords sell. If you go to Ideanomics’ website you’ll see so many buzzwords you might not figure out what they even do.

They describe themselves as a global fintech company but you’ll also see words like cloud computing, mobile, green, and revolution. 

In June, IDEX ran big after announcing it made revenue in the electric vehicle space. 

Who knows what IDEX will do next? It’s a former runner, though, so we’ll be watching it.

KBS Fashion Group Limited (NASDAQ: KBSF)

KBSF is another dying retailer so it’s on the list for the same reason BGI is.

What’s different about KBSF is that it’s also a China play. With president-elect Biden projected as the next president, China stocks could get hot again.

KBSF has already run a few times in 2020 … and it could run again. Let’s see what happens.

Marathon Oil Corporation (NYSE: MRO)

One of the good things about penny stocks is that you can trade them up or down with a lower investment. MRO fell from $14 to $3.02 at the beginning of 2020. If you caught even a piece of that move, it could have been really profitable.

In June MRO went up … from about $5 to $8 in a few days.

Oil and gas is a recurring theme and MRO is a former runner. Former runners are great stocks to watch and study.

Northwest Biotherapeutics, Inc. (PINK: NWBO)

One of the biggest penny stock runners this fall is the super sketchy biotech NWBO.

It moved big in early October, going from about $0.85 to about $1.85 on cancer trial news.

It’s pulling hard right now but it’s still way higher than the 20 cents it was at in the summer.

NXT-ID Inc (NASDAQ: NXTD)

Ever hear of NXT-ID’s product called the Wocket?

If not, it’s understandable. It’s basically a digital wallet that the company was banking their future on and it failed miserably.

Now the company has pivoted to mobile security. Will it become successful now? Only time will tell, but the stock has moved a few times this year. Keep an eye on this one.

Super League Gaming Inc. (NASDAQ: SLGG)

SLGG is a sports gaming league and they promise to help you play your favorite games like never before. It’s a similar play to AESE.

The really cool thing about SLGG is that they’ll be releasing games onto Snapchat (NYSE: SNAP) which has also made our monthly stocks to watch before. SNAP could be going places, which could be good for SLGG.

Now that you have our list of 10 hot penny stocks, let’s go over some frequently asked questions.

Where Can I Find a List of All Penny Stocks?

A list of all the penny stocks won’t do you any good. There’s too many to choose from and it would just confuse you.

When it comes to trading, less is more. The best watchlists have a minimal number of stocks that you have researched and that you believe will fit your particular setups.

The key to finding the best stocks to trade is to find the ones that are already moving. You’ll need a good stock scanner to do this. StocksToTrade is a powerful software that will help you find the best stocks to trade every morning. If you haven’t tested it out, you can get a 14-day trial for only $7 here.

Also, if you want examples of good watchlists … or just ideas for potential trades, sign up for my no-cost weekly watchlist here.

Why Should You Consider Trading Penny Stocks?

Penny stocks can provide great opportunities for trading. A lot of them tend to be volatile which is an important requirement for many setups.

Also, penny stocks are lower priced so you can trade them with a lower investment. You can start with a smaller account and grow it with the right education and strategy… 

Start on the right foot — join a community of like-minded traders with the SteadyTrade Team. Get access to mentorship, a great chat room, webinars, and much more. Join us today!

The Wrap on Penny Stocks Lists

That’s our penny stocks list for the best low-priced movers. Feel free to add them to your own watchlist.

All these stocks have moved in 2020 and are in hot sectors. With only two months left, they have the potential to move again. 

Keep an eye on them. If they fit your setups and you see the volume coming in, create a trading plan.

Need help learning how to trade or don’t want to go at it alone? Join our community of traders working to improve every day with the SteadyTrade Team. Every trading day we have two live webinars where you’ll get hands-on guidance to better understand the market. Sign up today!.

What stocks make your penny stocks lists? Leave a comment below!