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2) Look for penny stocks with small floats. Around 20 million is a small float for a penny stock. But it's relative to day trading volume.
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Nasdaq has turned out to be penny stock land. All the premarket $ movers higher are penny stocks. Trading penny stocks this time around in a bear market is not the same as last year. 1) Think Very Short Term Trades. Know what you plan is on the stock trade and follow it.