In this video, we are going to be talking about the top seven penny stocks that will be spiking in October 2019 with these stocks I'm also going to be presenting the exact date at which this price action will be occurring. The reason that I can concretely and confidently say this is because these stocks on this list literally tell you the exact date at which these events will be happening. They have of course publicly released their FDA approvals, their phase data releases as well as drop dust many hits and clues such as with insider activity I am going to be presenting them along with my own take and some strategies to get you started on your own due diligence. and quite frankly, there are a lot of opportunities with these.

For example, a RDX from our last Top Penny Stocks video doubled on a positive phase data release. But look, these aren't stocks to just dabble in, you are going to need to do your own due diligence and of course always have a plan when trading these stocks. My favorite example of why having a plan is so important is SC Y X Now SC Y X Was one of our previous picks from a previous video earlier this year. It had a positive FDA announcement at random massively and then it got beat down like a rabid dog.

Every news reaction in the stock market is an overreaction and thus any good or bad news is unlikely to sustain itself. You need to have a concrete plan to profit off these moves consistently. But in any case, folks, the only thing I ask in return for this video is that you hit that ravishing like button. Feel free to wipe the beautiful tears from your eyes at the ravishing site of that like button.

And also, of course, don't forget to subscribe for more short, sweet and simplified videos on how to trade the stock market. So before we get into it, if you're wondering what broker to create these stocks on my suggestion is 100% Wiebel. They are a commission free trading platform that is extremely beginner friendly and if you sign up with our link below, you will get two free stocks just for doing so. Also for those of you who are trying to get around the PDT or pattern day trader rule, one of the best ways to do that is to sign up with multiple brokers and Weevil is a great place to add to your day trades.

so if you are broker curious, make sure to check them out. Ok, so let's go ahead and dive into it now. PF and X will have their FDA approval on October 7th for their drug for osteoporosis. Now as we know, PDUFA aka V late-stage FDA approvals have an ultimately 80% rate of getting approved based on prior years, but that is simply not something that we gamble on, but rather use as a tool to boost our odds of success.

And when it comes to actually looking at P F NX we could see that we are actually in a strong upward direction. Overall, this is a strong elevating factor in any type of setup. We love upper directions. We broke into an upper direction in February and ever since then have held above the beautiful red directional s in a line.

That red directional SMA line is so beautiful that it makes my eyes water with tears of joy. But the price action has patterns of creating dips for us to trade off of and this is useful because it allows us to buy in at intra week discounts and increase our upside while minimizing our downside. In terms of smart money, we have Blackrock who holds a decently large position within the company. We love the Smart Money because these are the investment institutions that have a long history of picking winners when it comes to us as retail traders, individual traders without huge institutions behind us.

We are sort of the class clowns of the stock market. Quite simply, everybody's sitting there laughing at us, expecting us to lose. Where is the smart Money investors? They're sort of like the nerdiest people in the classroom, and sitting next to them during a test allows you to get a better grade. Well, you can't be certain that they know the right answers.

You know damn straight that they have a better idea than you do. But in any case, when it comes to P FNX I'll be looking for both a good deal and some signs of a sustained uptrend. We love buying into up trends, but not unless we get a good deal. Overall, please folks, do not get ripped off when you're buying into a position.

Okay, next IMG N will have their early phase data release on September 29th. Now, the reason that I'm recommending IMG N as a watchlist candidate is actually more price action related than it is catalyst related. sort of an outlier for this type of video. This is because while we do have a catalyst on September 29th, it's still very early in the phase process.

Prices do fluctuate more as we get closer to an approval. At an early stage event like this is like, you're not going to provide as much price action to trade off of. However, IMG N has been running up quite steadily, and considering the massive beat down back in late February early March we just have this insane amount of upward potential. I Always tell people every reaction in the stock market is an overreaction, and thus when a news catalyst beats down a stock, there's likely going to be beautiful price action to trade off of as a result.

And we've had that and now our seen directional strength. So I'm going to be looking for continued directional strength. And it's not unlikely that a positive phase data at least could bring in more investor interest and thus volume. but make sure that you're keeping up with the announcements, the dates, and of course, different news changes because a lot of times these companies will put out press releases before that lead us to a different conclusion or lead us to a more positive conclusion.

And one of the best ways to keep up to date with these news announcements is to simply join our free zipper in a circle. Facebook Group: A ton of our members post I post a bunch of different people posts about the biggest. Now it's Minson. We have a little bit over 15,000 traders in that group, so there's definitely going to be some value there.

And that link is of course in the description below. Okay, so Etan will be having their FDA approval on October 21st. Further injectable hospital product. Now in terms of price action, we have just broken into an upward direction long term, which is a huge elevating factor, but we also have several recent periods of spike ability right here here and here now.

Etan is also interesting because we just had a slew of insider bias. While insiders may have a biased view of their own company, they also have the most accurate idea of what is happening on the inside. and we see several executives increasing their positions in each on that's a bullish sign for the company. And in terms of monkeys are beautiful analysts friends.

They are generally bullish. We have price targets ranging from the lower end at 1350 to the higher end at $18 Now just for a bit of perspective, we are currently trading at seven dollars and sixteen cents and the average monkey price target is at fifteen dollars, which is literally 50% above the long-term high. So you can clearly see why. I Call analysts monkeys because they're monkeys.

And folks, these monkeys. they don't have any skin in the game. They can set whatever price target they want in whatever price target benefits them. and oftentimes their analysis is based on conflicts of interest.

Funny thing is that monkey opinions tend to be biased upwards and thus it's good to check to make sure that we are below their price targets, because then at least you know that cheap investors are likely to help protect you from holding rapid counts Oh KML and T will be having their FDA approval date on October 24th. Now what is the first thing we look for in evaluating whether or not a biotech play will run up massively on an FDA approval? Well, we look for previous examples of that happening. This is called spike ability. If we look at Ml and T's long-term chart, we can see one, two three periods of massive fluctuation where they ran up or ran down like an inflamed banshee.

We can then go back and match to see what caused these run ups. Now, the last run up was caused by the FDA accepting BAC Stella for priority review and that's all that we need. We just need to have at least one FDA announcement to confirm the Sox spiked ability. and now we know that if we had another FDA approval or another FDA announcement, it's likely to have another spike.

It's likely to cause massive fluctuations and share prices. We've established spike ability and looking at the current price action, we could see upward potential from 334 to 850 and downward potential to 162. We love having more upward potential as compared to downward potential because that means we are risking less for the opportunity to earn more, but upward and downward potential in and of itself means nothing. It is only relevant so far as the price moves, and with an FDA approval on the 24th, it's likely that we'll see that happen in both the days leading up to the announcement and on the day of.

But please always wait for confirmation. We want to buy into a period of elevating factors as compared to deprecating ones, and there's always the chance that an FDA approval goes amiss. So make sure to get in based on price, asking confirmation instead of gambling on whether or not it's going to be a winner, then applying gambling, please trade using a high probability setup. For those of you who are trading these catalysts and are having a hard time making consistent profit or even worse, losing money, overall, make sure to trade these using a simulated trading platform.

A lot of people skip the step and quite simply and respectively. It's really stupid to skip. The biggest reason that people skip it is because they say that trading with fake money isn't like trading with real money. There's no emotions involved because it's not actually your capital.

This is an excuse that makes no sense. Simply put, if you can't make fake profits with fake money, why do you think that you can make real profits with real money? This is a legitimate question. and I think it's one that everybody needs to ask themselves if they're trading with money and consistently losing. A lot of people like to promise themselves that if they start trading with real money that they'll be very careful to be consistently profitable.

But it does not matter what you promise yourself. if you don't have the skill to do it, then it's not going to happen. Goals are great, but I Like to say proof not promises. Do not promise yourself that you're going to be consistently profitable.

Prove to yourself that you're going to be consistently profitable. And the best way to do that is with a simulated trading platform. You could use real wine trading. You could use paper trading.

You could write it down on a sheet of paper. But please start with using fake money. If you are a beginner, you have no excuse to blow up your account before at least trying to be consistently profitable. Using fake money.

Master it there and then move on to real money. Ok, F O MX will have their FDA approval on October 20th for their drug for acne. Fo M X is also in an upward direction long term. It's actually pretty surprising the amount of small caps that are in an upward direction long term.

This month, a lot of them end up going down in the long run, so it's just weird to see this month so many of them are heading up. But it is a beautiful thing because that's a very strong elevating factor. They will be having their FDA approval on October 20th. So what I'll be looking for is some running up in anticipation to trade off of foam.

X doesn't have that much in terms of a history of direct spike ability, so that means that will need to focus on prior announcement run ups or break downs in order to find price action to trade off of in October 2019. In terms of insiders, we've seen insiders moving out and selling their shares. This is a deprecating factor. However, the price action doesn't seem to care, it keeps moving in the opposite direction.

But we still need to take note that the insiders are selling and I'll explain why in a second. But regardless of whether or not they're selling, the monkeys are giving it a price target at an average of 11 dollars. which again, is a ridiculous amount of upside for our friends over at the zoo. So I'd say when it comes to this, you'd likely see more insiders dumping chairs if the price action does run up massively in the next month.

Since we've seen a willingness of insiders to depth shares at the current trading price, this would likely become even more pronounced if the shares indeed go up in value because if they're selling now with the current trading price, imagine how much they're going to sell and a increased trading price and this insider dumping can quickly cause the price after to turn against you. So that means that you're going to need to be extra diligent to sell out. At validation of a doubt, read what you've entered into a position of course, make sure to always have a plan and always execute on that plan 100% of the time. Did I say 50% of the time? Did I say 30% of the time? Nope I said 100% of the time.

Okay, now a SRT will be having their FDA approval decision on October 19th for and Rennick cortisol insufficiency screening I'm sure that I butchered that, but the only important thing is saying it with confidence. Anyways, once we look at the chart, we can see that we have a recent history of spike ability, but we can also tell that we are looking at a none other than a trash company. Common criticism of lower cap stocks is that they are mostly failing companies with poor fundamentals and poor outlets for the future. But I Love loser companies.

These are companies that provide beautiful price action and beautiful discounts for us to trade off of, especially if their entire company is dependent on one catalyst. Because any time a press release comes on that catalyst, everybody freaks out and buys in. And while the monkeys are giving it a price target at an average of $4 we want to make sure that we are getting in when we are seeing signs of a reversal. I Can't stress this enough because of the strong downward direction.

You need to see clear signs of an uptrend before taking a position. Okay, now a DMP will be having their FDA approval on October 31st for opioid overdose. This is an expanding market because of the opioid epidemic in the United States and in some other Western countries. But this is another company with high hopes but a rapidly decreasing share price.

And we do have a history of spike ability on news events, most notably on January 16th on this announcement and March 14th on earnings guidance. So what is it that we are looking for? Well, I'm looking for a run-up and anticipation and then a confirmation of directional strength long term. Since this has been getting beaten down, it's important that we seize opportunity upon appreciating share prices. Anyways, folks, I Do hope that this video is helpful if there's one important thing that I want you to take away from this video, it's that you're going to need to do your own due diligence.

You're going to need to have your own plan, and of course, you're going to need to practice before being successful trading these types of penny stocks. A lot of people neglected to practice. They just don't want to put the time in to practice, study, and research. but you need to do these things if you're going to be successful in these markets.

It's ultimately the people that put in the work that have the most success. And honestly, you could put in the work and not any success. But then at least you're on the right pathway in your learning. If you're just randomly picking stocks, then you're not going to learn anything.

You need to know what you're doing, why you're doing it, and you need to learn how to do it better in the future. Of course I want you to be self-sufficient If you'd like to find these dates yourself, you can go to Biopharma Catalyst com click the link and then scroll through their list. I Use the free membership site so you don't have to pay for anything I never paid for anything so there's no reason that you should. but it is a great resource to keep up to date with all the new picks.

And of course you can join our free zip create a Circle Facebook group to keep up to date with all the announcements, our nightly watch lists, and a bunch of other things. If you have any questions, you can reach out to us on there and also comment below. But in any case, folks, good luck this month and I'll see you in the next video. Make sure to hit that ravishing like button! And of course also subscribe for more short, sweet and simplified videos on how to trade the stock market.