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How to Make Money With Penny Stocks And the Omicron Variant

3 Tips to Making Money With Penny Stocks Considering the New Variant 

With the Omicron variant in full swing, those who invest in penny stocks are continuously looking for the best small caps to buy. But, to have the best chance at making money with penny stocks in 2021, investors need to understand exactly which industries could be impacted by the variant and how to take advantage. There are a few things that all investors should consider before buying and selling penny stocks right now. 

For starters, the Omicron variant is having a unique effect on several industries including tech, biotech, and of course, travel/entertainment. As a result, there is a sizable amount of movement in all of these industries. 

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The next thing to consider is knowing when to buy and sell penny stocks. This is key and can mean the difference between profits and losses in a short time frame. And lastly, investors need to understand exactly what news is occurring at any given moment, and how to use that as an advantage. 

While investing during Covid may seem scary, there are plenty of ways to make money with penny stocks right now. But rather than going in blind, having all of the necessary information and strategies will serve to give you the greatest chance of profitability. With all of that in mind, let’s take a look at three tips to making money with penny stocks during the Omicron variant’s rise.

3 Tips to Finding Penny Stocks to Buy Right Now

Best Industries to Find Penny Stocks to Buy Knowing When to Buy and Sell Penny Stocks Staying Up to Date With Penny Stocks News 

Best Industries to Find Penny Stocks to Buy 

Biotech Penny Stocks

The most obvious choice when considering penny stocks to buy during the Omicron variant is biotech stocks. However, with this, we can break it down into two categories. On one hand, we have biotech penny stocks that are working on a Covid treatment or cure. These are the purest play, and therefore, can see heightened volatility when any news is announced. 

On the other hand, we have biotech stocks that don’t have a relation to Covid. While these stocks can and are usually affected by news relating to the pandemic, it is often less so than the alternative. But, keeping an eye on biotech stocks in general can be a great way to stay ahead. 

Tech Penny Stocks 

The next choice that we’ve seen take hold is investments into tech penny stocks. When the pandemic began almost two years ago, the tech industry saw a mild pullback followed by a major rise in value. As more people learned and worked from home, a new emphasis on tech began, resulting in meteoric growth rates. 

Now, as Omicron begins to spread around the world, we could see another wave of hype around tech penny stocks. While the tech infrastructure that was built to support a world stricken by a pandemic is not being revamped, we could see more use cases for at-home work and schooling. But, there is little news showing that a shutdown could take hold. Considering this, are tech penny stocks on your watchlist?

Knowing When to Buy and Sell Penny Stocks 

Knowing when to buy and sell penny stocks is one of the most important principles to making money with small caps. And, this is especially true when it comes to investing during the Omicron variant’s rise. In the past week or two since the announcement of the variant, we’ve seen multiple days of both high bullish sentiment and major market losses. As a result, there are good times and bad times to buy penny stocks. 

One of the best ways to stay ahead is by having a real-time news feed. This can help you to avoid seeing intraday losses in your portfolio. In addition, real-time news feeds can help to show where momentum could be headed in the short term. Right now, we’re witnessing one of the most volatile and reactive stock markets in history. This is the result of a large number of retail traders in combination with the sheer amount of news that is spread daily. 

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So in addition to looking a the news, traders should also have a well-thought-out trading strategy that can adapt and mold to the needs of what is going on at any moment. Trading strategies are crucial to consistent gains and can spare losses in both the short and long term. So, considering that, knowing when to buy and sell penny stocks remains extremely important.

Staying Up to Date With Penny Stocks News 

Staying up to date with the latest news and events coincides with knowing when to buy and sell penny stocks. However, it goes a step further. As mentioned previously, understanding what the latest news is will help you to understand how events could impact your portfolio. 

Because penny stocks are so reactive, even the smallest announcement or industry-wide movement can have a major effect on how penny stocks trade. While the news may be dominated by the Omicron variant right now, the rate at which news comes out means that this could all change within a few days or a few weeks. 

In addition, Omicron has distracted investors from other factors that are impacting the stock market right now such as high inflation and the other effects of the pandemic. So, in addition to understanding what’s going on in the stock market broadly, it’s crucial to know what is impacting the individual stocks on your list. By doing so, investors can vastly increase their chances of profitability. 

4 Penny Stocks to Watch Right Now 

Celyad Oncology ADR (NASDAQ: CYAD) Petros Pharmaceuticals Inc. (NASDAQ: PTPI) TOMI Environmental Solutions Inc. (NASDAQ: TOMZ) BIOLASE Inc. (NASDAQ: BIOL

Are Penny Stocks Worth Buying in 2021?

If you’re looking for penny stocks to buy, there are plenty to choose from. But, to fully understand which penny stocks are worth it, investors need to have a strong concept of what is going on in the stock market.

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This means doing the proper research and understanding exactly how to benefit from world events. With all of this in mind, do you think that penny stocks are worth buying in 2021?

The post How to Make Money With Penny Stocks And the Omicron Variant appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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