It’s a new month and I’ve got a fresh list of stocks to watch today.
How are you preparing for this month of trading?
Hopefully, you used the long weekend to study, prepare, and set goals…
I’m not talking about profit goals — I’m talking about your personal goals to improve as a trader.
Trading’s all about the work you put in now to potentially enjoy the benefits later … So do your monthly recaps and review your trades. Remind yourself what’s working right now and cut out what isn’t.
Then come to the market every morning ready…
Have a trading plan, the flexibility to adapt, and proper risk management. Bring it all together to reach your goals. Study up!
Here’s my list of the top 10 stocks to watch today…
10 Stocks to Watch for Tuesday, April 6, 2021
Remember, this is a watchlist, not a ‘must trade’ list. I’m not always right, and I don’t trade everything I watch. That’s why you should never blindly follow or buy anyone’s stock picks — even mine.
But there’s always something you can learn.
Watch out for patterns that fit your strategy. Always have a trading plan for every trade. Here are some resources to help you get started:
- 13 Stock Chart Patterns You Should Know: A Complete Guide
- 8 Day Trading Strategies You Need To Know
- Trading Plan: How to Create One in 2021 (Step by Step)
The stocks on this list aren’t penny stocks. Even if I rarely trade higher-priced stocks, their movements can still affect stocks within my price range. So to me, they’re worth watching.
If you want to know which penny stocks I’m watching…
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For even more stocks to watch, check out these blog posts that I update weekly:
- Get my weekly top penny stocks list here.
- Want to trade a specific sector? Check out my biotech penny stocks watchlist here.
Now, here are 10 top stocks to watch today…
Stocks to Watch Today #1: PLBY Group, Inc. (NASDAQ: PLBY)
PLBY reported fourth-quarter earnings on March 23. On March 24 the CEO was on Yahoo Live and stated the company’s looking to join the NFT space.
The stocks had four green days in a row. Traders can watch for a panic dip buy opportunity.
Stocks to Watch Today #2: FreightCar America, Inc. (NASDAQ: RAIL)
RAIL has been a hot stock for a couple of weeks. It was trading high volume as speculators looked to alternative transportation companies to move on the news of the blocked Suez Canal.
Now the ship blocking the canal has been freed, but the effects on the global supply chain could linger for some time.
Traders can watch for a multi-day breakout over $7.
Stocks to Watch Today #3: BowX Acquisition Corp. (NASDAQ: BOWX)
BOWX is a special purpose acquisition company (SPAC) that has a deal to bring WeWork public.
The stock has had multiple big green days. I wouldn’t chase. Traders can watch for a dip buy opportunity.
Stocks to Watch Today #4: Zhihu Inc. (NYSE: ZH)
ZH operates an online content and Q&A platform in China. It’s a recent IPO.
The stock is struggling to stay above $9 per share. Traders can watch for a panic dip buy opportunity.
Stocks to Watch Today #5: SM Energy Company (NYSE: SM)
SM traded lower yesterday as oil prices were down. But the stock is holding near its recent highs.
Stocks to Watch Today #6: Marathon Digital Holdings, Inc. (NASDAQ: MARA)
Yesterday, MARA provided a first-quarter update on its bitcoin mining operations. The stock reached new all-time highs following the news.
Traders can watch for continued upside. It’s another stock where watching the sector leader — in this case, bitcoin — is smart.
Love trading crypto stocks? Check out my list of 10 crypto penny stocks to watch.
Stocks to Watch Today #7: Bio-Path Holdings, Inc. (NASDAQ: BPTH)
Yesterday, BPTH announced positive news from Stage 2 of its Phase 2 clinical trial for leukemia treatment.
Stocks to Watch Today #8: AeroCentury Corp. (NYSE: ACY)
ACY had two big green days on Thursday and Monday after it announced it filed for Chapter 11 bankruptcy. The moves could be a giant short squeeze due to its extremely low float of under two million shares.
Be careful with bankruptcy plays. Make sure you only trade patterns and news that fit your strategy.
Stocks to Watch Today #9: Academy Sports and Outdoors, Inc. (NASDAQ: ASO)
ASO has been running since it reported fourth-quarter earnings on March 30. The stock had a big breakout following the news and made new all-time highs.
Like I say in my “How to Make Millions” DVD, earnings winners can run longer than you think. But never chase.
Stocks to Watch Today #10: Moxian, Inc. (NASDAQ: MOXC)
MOXC has been on a tear — with four huge green days in a row. This stock also made it on my list of cheap stocks to watch.
I wouldn’t chase the stock up here. Traders can watch for a panic dip buy opportunity.
How I Find Stocks to Trade
There’s no big secret behind how I find stocks to trade. I always tell students to look at the biggest percent gainers on StocksToTrade.
Full disclosure: I helped develop StocksToTrade. I also invested in it. I wanted a tool to help me search specifically for the low-priced stocks I love to trade. I’m proud of it, and I truly believe this platform offers the top tools for traders to find and research stocks of any price.
STT has built-in watchlists, scans, beautiful charts, and all the indicators active traders need. It also has a social media feed and a news feed. And it includes broker integration so you can trade right from the platform.
And I credit the StocksToTrade Breaking News Chat feature for a huge portion of my over $1.1 million in profits in 2020.* The guys who run this service crank out breaking news FAST.
(*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.)
Frequently Asked Questions About Stocks to Watch Today
What Are the Best Stocks to Trade as a Beginner?
My favorite stocks to trade are penny stocks. I think they’re a great way for beginners to learn the trading process with a small account.
Can You Get Rich Trading Stocks?
Don’t come into trading with a get-rich-quick mindset. Trading is a marathon, not a sprint. It can be a lucrative career but it takes years of hard work and dedication to learn the nuances of the market — which is what I teach.
How Much Money Do You Need To Start Trading Stocks?
Only start trading with money you can afford to lose. You can start small. In fact, I teach traders to focus on education first to learn the process, then slowly scale up over time.
Is Trading Stocks Risky?
All trading is risky. No trader is right 100% of the time. That’s why I keep my losses small by cutting losses quickly.
Conclusion About Top Stocks to Watch Today
Remember to only use this list of stocks to watch as a guide. Dig deeper into why these stocks are on my watchlist. Use all my trading resources to build your trading education.
I want you to become self-sufficient.
I’m just training wheels. And I’ve had the privilege of working with many top traders in my Trading Challenge. It’s a proud moment for me when they prove they don’t need me anymore. They take my lessons and strategies and make them their own.
If you want to get the same education as those top traders, apply for my Trading Challenge. I don’t accept everyone. Honestly, I don’t have time for anyone who only wants to be spoon-fed ‘hot’ stock picks.
What do you think about these top stocks to watch today? Do you see potential trades? Let me know in the comments … I’d love to hear from you!