Before we get to the top penny stocks to watch for March, a few words of caution.
The amount of crazy promotion activity on social media finally got the attention of the SEC. It suspended trading on a lot of OTCs in the last week of February.
After ending February with a down week, the overall market bounced back on March 1. The S&P 500 had its best day since June. I won’t try to guess whether it will continue. But it’s important to be ready for anything. Adapt to what the market gives rather than trying to impose your will on it.
Whatever you do, make a daily watchlist.
Every day, I create a watchlist of five to 15 stocks to watch. Then I do a quick write-up of what I’m looking for and why I’m watching the stock. The watchlist then goes out to my students on Profit.ly.
(Sign up for my NO-COST weekly stock watchlist here.)
Let’s get right to the list of top penny stocks to watch in March 2021…
Top 5 Penny Stocks to Watch for March 2021
All five of the top penny stocks to watch for March 2021 are OTCs. Given the recent halts, the OTC market isn’t the same as it was in February. But there are still plenty to watch.
Ascent Solar Technologies Inc. (OTCPK: ASTI)
Ascent Solar Technologies develops thin-film photovoltaic modules. Think flexible solar panels.
On March 1, Ascent Solar announced it was selected by NASA to take part in two flight demonstrations.
CEO Victor Lee said, “We are thrilled to be working with both the LISA-T and Solar Cruiser projects in transforming our lightweight CIGS PV into a space-grade product […] being slated as the PV supplier on Solar Cruiser separates Ascent from the competition and puts us in a very unique position in the industry to answer the mission-critical needs of these developing premium markets.”
ASTI closed up 107% on the news.
Here’s the ASTI one-year chart:
I traded ASTI as it broke out over the morning high on March 1. I sold too soon — a more convincing breakout happened roughly 30 minutes later. See details of my ASTI trade here.*
(*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
ASTI has a recent history of multi-day runs. Since the news catalyst is solid, I’ll watch for morning spikes with big volume. I’ll also watch for potential dip buys into any big panic.
iMD Companies Inc. (OTCPK: ICBU)
iMD Companies is a holding company that used to be in mining, then hydroponics. Now it’s into crypto mining and investing.
ICBU spiked 66% on March 1 after the company announced it updated financials to OTCMarkets.
CEO Rick Wilson said, “We are very excited about our future at iMD, launching our new website and getting current with our financial and disclosure statements on OTC is our first step.”
Here’s the ICBU one-year chart:
I’m watching ICBU for any big morning panic to dip buy. But I’d love to see a multi-day run first since it’s such a low-priced stock.
SponsorsOne Inc. (OTCPK: SPONF)
SponsorsOne is an influencer marketing and branding company. Its focus is driving consumers to online and offline stores through word-of-mouth marketing.
SPONF spiked on February 16 when the company announced it was entering the direct-to-consumer spirits market.
On March 1, SponsorsOne announced initial retail orders for its Doc Wylder’s brand.
CEO Myles Bartholomew said, “The initial response from retailers and distributors for Doc Wylder’s has been very strong. The product is uniquely positioned in the ‘Ready to Drink’ market, and the branding is equally attractive to male and female buyers. These orders represent the start of the summer selling season and will be on the shelves of liquor and grocery stores in April.”
SPONF closed up 34% on the news.
Here’s the SPONF 1-year chart:
Five-letter tickers aren’t my favorite. In this case, the F designates a foreign issue. This means something could happen on a foreign exchange to affect the stock’s price in the U.S. That doesn’t mean I won’t trade a five-letter ticker, but I’m extra cautious.
SPONF needs more volume and, ideally, news for me to trade it. If it can put together a multi-day run with big volume, I’ll watch for potential dip buys into any big panic.
Cielo Waste Solutions Corp (OTCQB: CWSFF)
Cielo Waste Solutions refines municipal and construction waste into high-grade renewable fuels.
On February 23, the company announced its first significant sale of renewable fuels. CWSFF hit a 52-week high of $1.28 per share on March 1 before pulling back to close at $1.01.
The company confirmed it wasn’t aware of any material changes “that would account for the recent increase in market activity.” The stock is getting a ton of promotion on Twitter.
Check out the CWSFF one-year chart:
Again, five-letter tickers aren’t my favorite. I’ll watch CWSFF for any big morning panic to dip buy. Ideally, it runs multiple days with news and volume first.
The last of my top penny stocks to watch for March 2021 is a lesson in penny stock pumps. If a stock chart looks too good to be true, it is…
Oncology Pharma (OTCPK: ONPH)
Oncology Pharma develops, manufactures, and licenses therapeutics for cancer.
The best way to understand ONPH’s recent rise and fall is to check out the chart. When a stock runs from $1 to $50 in five weeks almost perfectly, something isn’t right.
Here’s the ONPH one-year chart:
As you can see, ONPH tanked on March 1. It dropped from $50 to $11.22 intraday. Then it bounced more than 100% before closing down roughly 60%.
ONPH was a solid short-selling opportunity. I don’t recommend shorting for newbies or anyone with a small account. It was also a solid dip buy for traders with enough patience. I’ll watch for now. It’s a possible dip buy if there’s another big panic, but there needs to be enough volume to make it worthwhile.
That’s it for the top penny stocks to watch for March 2021. Here are some tips on choosing stocks for your watchlist. Also, some answers to frequently asked questions…
How to Use This Penny Stocks Watch List

Millionaire Media, LLCKeep in mind that my strategies involve trading some of the fastest moving, most volatile stocks in the entire market. That said, some of the stocks on this list could be completely out of play by the time you read this. (Yes, even after only one day, stocks sometimes leave my list.)
The point is … don’t use this list as a signal to buy any stock. I don’t put stocks on my watchlist based on fundamentals. It’s not that I don’t look at fundamentals. But I’m not gonna lie to you. (Like so many other ‘top penny stocks to watch’ articles.) I won’t tell you to buy and hold a stock because “the market is undervaluing this stock.”
Frankly, that kind of thinking with penny stocks is … total BS. Most penny stocks fail. Just like most traders — roughly 90% — lose. So use this list — and each of my monthly penny stocks to watch lists — as a tool for learning to create your own watchlist.
Can You Trade Penny Stocks?
If you’re brand new to penny stocks a great place to start is with my FREE penny stock guide.
Once you go through the entire guide, I suggest you read “The Complete Penny Stock Course” written by my student Jamil (I wrote the forward). That book answers so many of the most frequently asked questions that it blows my mind more people haven’t read it.
With the internet and online brokers, you can trade penny stocks from anywhere in the world. As far as the basic requirements, you only need a decent laptop, solid Wi-Fi, and a trading account. But don’t be fooled into thinking you’re gonna succeed if you jump right in.
Why?
Because 90%+ of traders lose. So be willing to invest in your education — because if you don’t, the market will make you pay a much higher price
Now for five tips on how to choose the best penny stocks to watch…
5 Tips on How to Choose the Best Penny Stocks to Watch
Tip #1: Look for Big Percent Gainers
My method of choosing which penny stocks to watch always starts here. At the end of every day — and again in premarket — I look for the biggest percent gainers. And that’s what I focus on. I’m not interested in stocks that aren’t on the move.
I use StocksToTrade stock scanning software. With 40+ built-in scans — some created specifically for my strategies — it’s amazing right out of the gate. Yes, you can also create custom scans. (Hint: when you start using the software there’s a bunch of training videos on how to set those up. Take advantage.)
Tip #2: Look for Big Volume
The next thing to look for when choosing the best penny stocks to watch is trading volume. Sometimes a stock makes a big percent gain, but the trading volume is so low it doesn’t make sense to trade it. One of the top penny stocks to watch this month, Rivex Technology, is tough to trade because the volume is so low.
So after I find the big percent gainers, I organize them according to trading volume. Be aware of dollar volume traded, too. If you have a true penny stock trading at 2 cents a share, and it trades one million shares, that’s still only $20K. You have to be meticulous.
Tip #3: Look for a News Catalyst
The next thing I look for when choosing penny stocks to watch is what’s making it move? Is there a press release announcing a new contract? What about positive earnings? In biotech and pharma penny stocks you might see news of test results. Read this post to learn more about catalysts.
(Also read chapter II.7 Understanding Catalysts in “The Complete Penny Stock Course.” If you already have the book … it starts on page 183. If you don’t have it … get it now.)
Tip #4: Look at the Long-Term Chart
When you’re trying to find the best penny stocks to watch, it’s easy to get fooled by one-day or one-time spikers. So look at long-term charts to see if the stock has a history of multi-day runs or has gone supernova in the past.
Which long-term charts? As many as you have time for, really. But at the very least, look at the one-year chart. I like to look back a couple of years depending on the stock and the news. If the stock trades a certain way when the company announces a big contract, I want to know.
Tip #5: Use the Twitter Scanner on StocksToTrade
This might sound a little strange if you’re new to penny stocks. But if you want to understand which penny stocks to watch, one of the best ways is to see what others are watching. Or, more accurately, hyping.
Yes, Twitter has become a vehicle for influence with stock traders. Want to know which penny stocks are being heavily shorted because they’re up 50%? Check out Twitter. Use StocksToTrade because the scanner is built-in. All you have to do is open the Twitter scanner and, voila, you get a running feed of stock tweets. And you can customize the feed if you like.
Frequently Asked Questions About Penny Stocks

Millionaire Media, LLCI get a lot of questions from students. Thing is, my students already accept that penny stocks provide a massive opportunity. And they’re studying to learn the strategies and rules.
But there are a lot of misconceptions about penny stocks. And I want to address a few of those now…
What Are Penny Stocks?
Penny stocks are micro- and nano-cap company stocks that trade for less than $5 per share. Many trade via OTCMarkets, but penny stocks can also be found on large exchanges like the NYSE and Nasdaq.
Are Penny Stocks Worth it?
Penny stocks are suitable as trading vehicles but not long-term investments. Most penny stock companies eventually fail.
Are Penny Stocks Dangerous?
All trading involves risk. If you are willing to learn appropriate patterns, rules, and strategies, penny stocks are no more dangerous than other trading instruments.
How to Watch Penny Stocks?
1.) Focus on big percent gainers. 2.) Look for high volume 3.) Search for a news catalyst 4.) Look for a history of spikeability on the long term chart. 5. Use a scanner like StocksToTrade. (StocksToTrade was designed for penny stocks.)
If Most Penny Stock Companies Fail, Why Not Just Short Sell?
Because it’s a very dangerous, overcrowded game right now. The level of risk so many moron newbie short sellers take these days is unconscionable. It’s completely crazy.
Of course, you can be successful as a short-seller. Many of my top students focus on short selling and I’ve personally made millions from short selling. But the number of messages I get almost daily from short-sellers getting caught in short squeezes is … scary.
How Much Money Do I Need to Get Started?
I’m going to say, again, invest in your education first. It doesn’t take a huge amount of money to get started trading. Different brokers have different account minimum requirements. (I use these brokers and avoid offshore brokers altogether.)
But the market will make you pay more if you aren’t prepared. Preparation is key. The stock market is a battlefield, so arm yourself accordingly. Keep in mind that my top students all studied hard over time to get consistently profitable. Tim Grittani — arguably the best penny stock trader in the world — didn’t make anything for nine months.
So before you fund a trading account, fund your knowledge account. If you’re not quite ready for the Trading Challenge, try Pennystocking Silver. It gives you access to more than 6,000 video lessons. (You also get access as a Trading Challenge student, of course.)
Conclusion

Millionaire Media, LLCYour goal as a trader is to become self-sufficient. And my goal is to be the mentor to you that I never had. So I hope you’ll take this list of the best penny stocks to watch in March 2021 and use it as a learning tool.
👉🏼SUBSCRIBE to my FREE weekly stock watchlist here.
Focus on the process. The best way to learn which penny stocks to watch is to make a daily watchlist yourself. Follow the five tips above. It doesn’t matter if every stock on your list is not perfect. Or doesn’t play out the way you thought. You get better by making your daily watchlist and then seeing what happened during the trading day.
Remember…
… this list of penny stocks to watch is NOT a recommendation to buy penny stocks. Also, my results are not typical and I’ve developed exceptional skills over two decades of trading.
What do you think of the top penny stocks to watch for March 2021? Comment below, I love to hear from all my readers!
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