So in this video, we are going to be talking about the top seven penny stocks that are going to be spiking in January 2020. Now Catalyst based penny stocks are a very powerful part of our trading strategy because the companies on these lists literally tell you the exact date at which price action changing events are going to be occurring. They do this through giving us their phase trial data, releases their FDA approval dates, as well as dropping us many hits and clues such as with insider trading activity and ridiculous analyst recommendations. But I Do want to take a moment to say happy Birthday to the Top Penny Stock Series because we started this exactly a year ago.

and if you scroll through the list and watch some of our top Penny Stocks videos, you will know that the best way to trade these is by trading their price strength. That means not just randomly buying and holding these stocks. instead we buy in with a concrete plan. This list is not for little boys and girls who like to hold and hope.

Remember, trading is a probability game, so you need to trade in a way that takes into consideration the long term. It's all about making calculated statistical bets. But anyways, the only thing I asked and returned for this video is that you hit that ravishing like fun a tram machine like button. Also, Happy Holidays folks! I Do want to take a moment to announce that we are having a holiday sale over at Zip Trader.

You if you type in code holiday at checkout you will get $75 off Separator. You is our structured course for folks who would like ground-up guidance on growing their account and becoming a self-sufficient krater. Aside from our lesson by lesson course, you'll also get lifetime access to our private tutoring chat which I work with every single day. And of course folks, you can learn more about whether or not we are a good fit for you.

by going to Zip Trader, you calm or clicking the link in the description below. Happy Holidays and let's work towards having a great 2020. Okay so to start ITC I'm now ITC I will be having their FDA approval decision on December 27th for Luma Temper Own now. We originally announced this one on December 1st the December 1st top Penny Stocks watchlist for purposes of profiting off any anticipate or run ups and that's exactly what we've had.

We've had this massive run-up, but the way this works is companies announce when they are going to get their approval and as more people find out we could see whether or not we have upward sentiment. We love upward sentiment if we're trading off the upside, but if we have upward sentiment and we get more volume, that further adds to the upward sentiment because if more people are going in and there's an upward sentiment, then that's going to push the price up and we'll see anticipatory run-up which is exactly what happened with this play and we've seen that, but now we are several weeks in and there's no doubt it is looking a little bit more on the overextended side when taking into consideration long term support. Now folks I'm cheap a lot of people know I don't like to overpay for stocks. A lot of people love it.

They're like oh, this is going up. this is up 50% Let me buy in for me I don't like to overpay for stocks. It's fine if you'd like to. but for me I work very hard for my money.

So why am I going to go and overpay for stocks I'm not going to. it's as simple as that. So I want to see a good deal. But the truth is that after this anticipation run up, it just doesn't look like we're in good deal range.

So I want to see a good deal folks and we still have a large opportunity left. You see, the second half of this actual opportunity is the approval. On December 27th we have the pre anticipatory run-up and then we have the approval. So we are now in a period where we have given back some appreciation and I'd love to see it get beat down more before the actual announcement.

The reason is because simply if a stock runs up too quickly in anticipation of an FDA approval, it might pre factor in that approval and one that actually comes out. Nothing happens or it gets beat down. For example, if an approval, meant that the price would go to $15 an ITC I ran up to $15 before the announcement, then there's not much room for it to grow and it'll likely get beat down as people take profits once that actual approval happens. And this is sort of the catch-22 with pre anticipatory run ups.

They're great to trade, but if they go up too much, you're not going to have much opportunity after the back. On the other hand, if this does end up getting disapproved, this higher cap range means that it's going to prove an overreaction. every reaction and the stock market is an overreaction. But as you get to the higher ranges, you're going to have more of a concrete overreaction with less sporadic movements.

And with ITC I we've had several periods of providing over reactions, so we have a previous pattern of overreacting and then correcting. Some folks like to say Charlie you are a blockhead. If it gets disapprove, you're going to lose money. What then, Charlie? But the truth is, folks that I often prefer to lose because I love top losers.

If it loses, it'll get beat down and we'll have an overreaction correction to trade off of. And this is often a lot easier to trade because overreacting corrections happen after the fact and no one's racing in. So you have the opportunity to buy in at a concrete entry point and one that's not super sporadic or super fluctuating, But with that being said, the rate of approval once you've gotten to the FDA approval stage is about 80% based on prior years, so approvals will be more frequent than not. It's also notable that we have established previous spike ability, which are periods were the price action reacts massively to FDA related news.

If we are attempting to trade off an FDA announcement, doesn't it make sense to have periods where it's reacted to that in the past? because just because something comes out doesn't mean it's going to react? So you need to make sure that it has a previous pattern of spike ability? A previous pattern of reacting to news events? Okay, let's go ahead and take a trip to the zoo. Our monkey slash analyst friends are ranking it at an average target price at $23.50 which is of course, a whopping 89% of upside. but again, this is why we called him monkeys and I wouldn't even trust the monkeys with a grain of salt. The key here, though, and what we can learn from the monkeys, is that we have upward sentiment.

We know that monkeys overplay everything, but we want to make sure they have at least some upward sentiment so that the sheep are bullish, right? Sheep follow the monkeys and this is an elevating factor Before I got into trading I want it to be an Eskimo but I hate the cold. So here we are next the Rrx now: Drr X originally had a PDUFA aka FDA approval date on December 27th. Likewise, we've already seen some anticipate Ori running up. However, their approval has gotten delayed and they are going to be meeting January 16th to decide veenu PDUFA date aka FDA approval date Now this meeting itself will serve to rile up investor interest, and if we continue to see upward sentiment, continuing to bring in more volume would thus result in more upward realization.

A big thing with them though, is their institutional ownership. Most notably Blackrock and Vanguard are big players these days. in Biotech. It's nice to see them holding at least some chunk of DRX even if it is a little on the small side.

And this doesn't necessarily mean that it's going to provide any price action for us to trade off of, but rather what it means is that this company isn't a sham. The team over at Blackrock and Vanguard A put lots of resources into investigating and making sure that these are solid companies and so we know it's not a sham, it's a stable company, but they have high hopes and if the implementation and we've established previous likability here here and here. So one of the things that I don't mention enough with these opportunities is that you need to see actual volume. With a lot of these penny stocks.

You're going to be seeing intraday charts like this and this. It's just too sporadic to trade. So what does this mean? It means wait for volume. If you're going to take a position, when will you see volume well during heavy anticipation or during catalyst dates? One of the things that I always say is trade like a spoiled brat.

but trading this way also means looking for every excuse not to take a position. Look for something to talk you out of taking a position. This may sound counterintuitive, but look at every position that you're considering taking and identify what sucks about it. If you can't find anything that sucks, then hey, maybe you're going to be convinced to take a position.

Okay AQ St. Now AQ St has been one raunchy raccoon. It had a pre anticipatory run-up I called it out pretty late on December 1st. But for folks who are ahead of the clock and are looking for these FDA approval dates themselves.

you had massive opportunities with this. However, AQ St is really prone to over reactions on this day. Heather We ran a massively and instantly corrected. On this day, we broke down massively and instantly corrected.

and now we bottomed down about here. And we have some signs of price, right, but we need to see it be more sustained. We love sustainability. Example at the overreaction: If you had bought in at conformation and wrote the price ranked or even closed the position at the end of the day, you would have had a great trade.

But whenever possible I prefer not to hold penny stocks overnight and why is that? Well, because in the after-hours are in the pre market, they're very prone to having rapid fluctuation like it had here. So make sure that you're trading meas intraday if you're trading penny stocks. I Highly recommend focusing on not holding them for more than one day. but the reason that I am mentioning AQ st in the first place is because they will have an NDA filing in January 2020.

They should Bri and more investor interest in this and give us some price action to trade off us all. So folks if you are having a hard time keeping up to date with all of these plays, picks and strategies. that's really makes me sad because you can join us for free at Z Trader Circle. There we post nightly watchlist to keep you updated with all the best opportunities.

Ok IP CIF Now IP CIF will be having their Addcom meeting to decide on their new FDA approval date on January 15th. Now they are trading under a dollar which is something to know because as we get under a dollar, the level of challenge goes up rapidly. These are not stocks that you'd like to take home and show the family. Well, it may be misleading, penny stocks are technically anything under five dollars, but when we get under a dollar, it becomes a lot more sporadic the closer you get to zero, the more challenging it's going to be.

But as the Russians say, let's drink vodka, what will convince me to take a position? Higher volume obviously, but more pushing back and then recovering with elevating factors when you're trading. It's all about statistical probabilities, right? So we're trying to stack our elevating factors and minimize our deprecating factors. So having higher volume is the minimum. but of course, waiting for price strength, Waiting for pushing back so that we have more upward potential and it could turn into a momentum position, right? And you could make the argument that if we break past all the resistance, all the resistance will become new support.

But it really depends on how it is that you're playing this and how you're measuring. You're elevating versus your deprecating factors. But have a clear plan with these. Okay, EP CM Now they will be having their FDA approval decision on January 23rd 2020.

A few things to keep in mind: EP CM Has had a previous history of both spike ability and clean overreactions. This overreaction here went to oversold a minute market open completely corrected This inflamed Banjee here ran up during their advisory committee meeting, which if you remember from earlier in my picks, this is a huge time for speculation and increased volume, which we love. but at the last close we've started seeing some solid price breaks. So what is it that we're looking for? Well, we have several periods in several weeks until the FDA approval decision.

I am thus looking for the stereotypical anticipatory run-up. If we don't get that all, focus on the reaction itself, getting closer to the decision and perhaps afterwards if we see a beat down or the opposite. I Know that there are tons of folks who are like Charlie If you're a good, you should be able to trade any set up. But for me I focus on trading like a spoiled brat, right? I Look for any excuse not to trade a set up.

and if I can't find an excuse, then I'm convinced to take a position. It doesn't matter what your ego tells you. if the price action is too messy and too random, you're not going to have a good time. It's as simple as that.

Another thing to mention from Epgm is that they do have institutional baggage from our favorites Blackrock and Vanguard The only thing that I'd keep in mind is that the monkeys thinkI pzm is overvalued. This isn't good because the sheep will be less excited. If Epz improves opportunity, monkey see monkey do. and also being client to agree with the monkeys.

partially because since we broke into an upward direction, we've had relatively solid upward directional strength. Thus, ideally I'd love to see Epsom give some back and then allow us a fair deal upon entry. Now, Novum ran up like an inflamed banshee a few training periods ago. It's now overbought and has some strong, deprecated factors now.

I'm always hesitant to include stocks like this on my top penny stocks lists because they've ran up so much and they're clearly overextended. The reason that I include them is so that when it corrects downward, we have opportunities to trade off of. but I know that a lot of new traders come onto the channel and then what they like to do is they like to look at the price action of when I announce tit like where I was trading out of the trading at 325 and then if it's trading lower than that, a month later or three months later, they're like oh my god hashtag scam. Doesn't matter how many great opportunities a stock has, but some people will still be like woah, it's trading lower literally.

There was one stock that I announced like two or three months ago and it went from like three dollars and it went down to one dollar. and then all of a sudden it went from $1 to $2 for like a month over and over again. It was the stereotypical comeback King but we still got some folks who are like OMG Charlie equals stupid. This is trading below the original announcement price.

It doesn't matter if it consistently goes from one to two dollars, it's down from three dollars. So again, you could do whatever you want. but at the end of the day we're trading fluctuation. but Nova will be releasing their phase 3 data early first quarter 2020 which is likely going to be January 2020 and I'd like to see a push back in some more shows of strikes.

Another opportunity like this would put a smile on my face. Ok, last but not least, we have Veeru now ve our you is another one that's run up massively. The biotech sector is uncomfortably hot, everything's running up. But anyways Hiro will have their phase data for their drug for hot flashes.

Hopefully they cure the hot flashes in humans and not in the biotech sector. Yeah, my jokes really aren't landing today. But anyways, aside from my bad humor, the other thing that I'd recommend avoiding in January 2020 is buying in when it's over extended. We hate getting bad deals.

remember, we trade like spoiled brats. So what that means is that we need the price action to beg us to enter. Where are the elevating factors? What is convincing us to take a position? There is a lot wrong with this current setup. It's near its high as it's already failed to break out twice.

Bla bla bla I Could go on, but let's focus on getting either a good deal or staying out and treating it like a disease. Okay folks, well I do hope that this video is helpful and that you're now ready and excited to go out and do your own due diligence and trade the price action with a plan. I Also hope that everybody has a happy holiday and a Merry Christmas as a reminder. we do have a holiday discount at Zip Trader You you will get $75 off if you use coupon code holiday at checkout and of course we'd love to work with you.

We also have Zip Trader store where we post nightly watch lists and we have tons of helpful content on there. We also have my wonderful Twitter at Zip Charlie for folks who want to follow me in some of my recaps and trading opportunities. Anyways, folks have a great day and I'll see you in the next video.