What is the most important invest in penny stocks? We think that is “Risk Management”. 

Although the sentiments of traders are affected by stock price fluctuations, but the reality is that most successful traders are quiet during stock trading, And they have a detail trading plan for their investment, mostly of its contents are how to avoid losing money instead of how to make money, As so called “Managing Risk”.

Risk management means that we don't lose more money than our trading plan allows. And if we have a bad trading in last time, we need to protect our funds and continue to fight for the next time.

Stop-loss orders can be placed quite easily in the trading software or app, and they can be good as long as there is enough trading volume in your stock. you can also set a price alert within the software or app, that tell you when the stock price hits your stop-loss point.

Here Is A List of 3 Best Penny Stocks on Robinhood in March 2021

CompanyPirce ($)Market-cap (M)
Idera Pharmaceuticals Inc (IDRA)
4.70
198.61
Pangaea Logistic (PANL)
3.14
141.51
Milestone Scientific (MLSS)
4.13
263.05

(source:investing.com)

  • Idera Pharmaceuticals: Idera Pharmaceuticals is a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of drugs for oncology and rare disease indications in the United States.The company has ongoing work in trial in micro-satellite stable colorectal cancer, And recently reported its full year 2020 financial.
  • Pangaea Logistic: Pangaea Logistics is a global provider of comprehensive maritime logistics solutions.The Company utilizes its logistics proficiency to service a broad base of industrial customers to offers transportation services for a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, bauxite, alumina, cement clinker, dolomite and limestone. It operates over 20 vessels, which were wholly-owned or partially-owned through joint ventures and uses this fleet to transport approximately 25 million tons of cargo annually to nearly 250 ports worldwide.
  • Milestone Scientific: Milestone Scientific is a leading developer of computerized drug delivery instruments that provides virtually painless and precise injections. Recently announced that the company has received a commercial order from the Medical University of South Carolina (MUSC). The MUSC University Medical Center is a nationally recognized and leading health sciences university, recently ranked as the number one hospital in South Carolina. 
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.