Oil prices are especially high right now because of Russia’s invasion of Ukraine. Here’s a recent headline…
Source: BBC
And it seems they’re not coming down any time soon. Here’s more news to that point…
Source: U.S. News
While a lot of people are spending tons of money on gas, some traders are making money. They found a trend and are squeezing cash out of it.
Since gas prices are up, oil stocks are spiking. And the biggest movers are usually penny stocks.
Check out Enservco Corporation (AMEX: ENSV), a +290% runner in less than 24 hours…
If you haven’t started trading these volatile spikers, it’s about time to start paying attention.
You’re a little late to the game, but I think there will be follow-up moves. You must know the right stocks to watch.
Lucky for you, I’ve been in this industry for more than two decades. I’ve seen hot sectors come and go, and I know how to plan for them.
So when oil and gas stocks started popping off, I was ready. Many of my students were too, especially those who get my weekly watchlist.
It’s no cost — so do yourself a favor and sign up now.
Profiting from day trading all starts with watching the right tickers.
If you want to bank during this hot sector, keep an eye on these stocks…
10 Hot Oil Stocks to Watch Now
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I trade both listed and OTC stocks. And yes, there’s a big difference. Here’s a post that goes into more detail.
The main thing you have to understand is that some brokers won’t let you trade OTCs.
That’s for good reason. OTCs are often sketchy companies and volatile.
But for day traders like me, volatility is a good thing. It means a higher potential for profits.
So I’ll share my list with you, but keep reading to find out how I trade the OTCs …
#1: Enservco Corporation (AMEX: ENSV)
#2: Borr Drilling Limited (NYSE: BORR)
#3: Camber Energy Inc. (AMEX: CEI)
#4: Gran Tierra Energy Inc. (AMEX: GTE)
#5: Ion Geophysical Corporation (NYSE: IO)
#6: Nine Energy Service Inc. (NYSE: NINE)
#7: Pedevco Corp. (AMEX: PED)
#8: Petroteq Energy Inc (OTCPK: PQEFF)
#9: Evolve Transition Infrastructure LP (AMEX: SNMP)
#10: U.S. Well Services Inc. (NASDAQ: USWS)
How to Trade Oil Penny Stocks
Here’s something you need to understand: I might not trade any of the tickers on my watchlist.
I’m a day trader. My ‘bread and butter’ is getting in and out quickly for a profit when I see specific patterns.
If I don’t see a pattern I like, I won’t open a position. It’s that simple.
But I keep a watchlist of all the most likely runners so I’m prepared when they start moving.
Now, as I said before, some brokers restrict the stocks I like to play. Let me make this really clear: you can’t trade OTC stocks on Robinhood.
I know a lot of you probably started with a Robinhood account. But if you’re serious about trading, you need a serious broker.
Here’s my best advice…
And if you want to day trade massive spikers … you need up-to-date information.
How I’ve Made Millions
The penny stock niche is pretty crazy. It’s made millionaires, but it’s destroyed some too. I’ve seen it happen firsthand.
It all comes down to timing. A lot of newbies are buying the right stocks … But they’re late because many charts display data up to 20 minutes late.
There’s no way I could have profited +$7.3 million using delayed data. That would be like bringing a knife to a gunfight.
Trading is like going to war. You need to have the best weapons to win.
A few years ago I helped create a weapon specifically for day trading — and I use this every day. You can too.
Sign up for a trial run today.
Use it for the next two weeks and let me know what you think.
How have you banked off this oil and gas volatility? What stocks are you watching? Let me know in the comments … I love to hear from my readers!
The post Top 10 Oil Penny Stocks To Watch Now appeared first on Timothy Sykes.
