Penny Stocks To Watch Before 2021 Up Big In Q4 Will These Penny Stocks Reach New Highs Before Next Year? Looking for penny stocks to buy can be easier said than done. One of the main reasons is that emotions can easily impact when and how you buy or sell. Simply put, it isn’t uncommon to see these cheap stocks race higher, quickly. But just as quickly as they climb, they can also fall. Having a proper strategy in place and nerves of steel helps avoid emotional trading. Set proper profit targets and stick to your plan. The way traders lose with penny stocks is holding on too long and “hoping” the move continues. Most new traders will take all of the money they have in an account and throw it into a stock at one price in an “all or nothing strategy”. This isn’t the best tactic to use in my opinion.