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In the past six months, we have seen several sectors and penny stocks shoot up in value. This includes biotech penny stocks, mining penny stocks, tech penny stocks, and more. While these three areas of the stock market have value, there are plenty of industries & sectors to choose from. Now, while investing in penny stocks is similar to other stocks, there are a few key differences to consider.

For one, because penny stocks are cheap they are often more volatile than other securities. This means that prices of some penny stocks to watch may aggressively fluctuate in the double & even triple digits. This shouldn’t scare investors away from investing in penny stocks. But, rather, to offer an in-depth look at what a valid trading strategy can be.

With this heightened volatility, oftentimes those who trade penny stocks utilize the swing trading method. This means moving in and out of positions on a short term basis. That basis could be anywhere from one hour to one week. Ideally, swing traders are looking for a multi-day move. This can benefit those trading penny stocks on a less frequent basis.

This isn’t to say you should only hold onto a penny stock for a longer period of time. If the profit is there to take, nobody ever went broke by doing so. Rather, investors should always have a strategy before entering into a position. Considering the fact that there are now millions of new traders on platforms like Robinhood, it would seem fitting to find some trending penny stocks accessible on apps like that. I say this because certain stocks, like OTC penny stocks, for the most part, aren’t accessible to users of Robinhood, Webull, and others. With all of this in mind, let’s take a look at five penny stocks on Robinhood to watch at the start of the final, full week of November.