Best Penny Stocks Today: ENVB GNUS MAXD MDMP

We know it’s been a painful few weeks as many names have gotten crushed. On the OTC Markets, some penny stocks are down over 70% from their recent highs. However, there are a few bright spots right now if you trade both OTC penny stocks and NASDAQ penny stocks. 4 best penny stocks today are Enveric Biosciences (NASDAQ: ENVB), Genius Brands International (NASDAQ: GNUS), Max Sound Corp (OTCMKTS: MAXD), and MDM Permian (OTCMKTS: MDMP).

How To Trade Best Penny Stocks Today

First up, it’s important to understand that trading the best penny stocks today is not the same as trading blue chips. Penny stocks are subject to enormous volatility like what we have witnessed over the past week or so.This is why we have preached over and over again on our Insider Financial YouTube channel to book profits along the way. We warned our subscribers to not get greedy or get caught up in the diamond hands/paper hands BS.The key to trading the best penny stocks today is finding momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.We got our subscribers in early on TSNPD, which you can read our first article here, and ALPP, which you can read about here. This is where the big money is made and why so many of our subscribers are sitting on gains of over 5166% in ALPP and over 12,862% in TSNPD.It’s also best to own a portfolio of the best penny stocks. For some that can be as many as 10 to 20 or more penny stocks.We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.Now we know many prefer to day trade, but we are not day traders here at Insider Financial. It doesn’t suit our personality and we don’t like the intraday moves markets make. We have found we made more money being patient and ignoring the day-to-day noise of the markets.If you want to day trade, Insider Financial is not the place for you. When it comes to day trading, and if that’s what you are after, we recommend the folks at True Trading Group, which you can check out their live streams here.[embed]https://www.youtube.com/watch?v=a5mG2C2Zafo[/embed]

Best OTC Penny Stocks VS Best NASDAQ Penny Stocks

The fact is that there is always a bull market somewhere. That’s why it’s important for penny stock investors to trade both OTC and NASDAQ penny stocks. There are always opportunities if you give yourself the flexibility to trade all markets.Last year, for the first half of 2020, it was much more profitable to trade NASDAQ penny stocks than OTC. That is where we and our subscribers were positioned. We captured the runs in SRNE, NIO,INO, IBIO, WKHS, and many others. Then once the summer came, many of the COVID runners had failed to find momentum. We then pivoted to OTC and caught the runs in TSNPD, ENZC, MMEDF, and many others.Lately, it’s been best to play both markets, but you have to be more selective in your penny stock selection. For the first six weeks of 2021, everything was going up, and making money was quite easy.This is why it’s important to trade small right now. Before, if you’re starting buy was $500, cut it in half now. Start with $250. You should always scale into a position anyways. Never go into a position with your full load. Penny stocks are extremely volatile and no one has a clue how the stock will swing. It is completely out of our control. The only thing we can control is our purchases with limit buys.Remember these 2 important points when it comes to investing in penny stocks.

1. Buy low and sell high.
2. Don’t be afraid to book profits.

The good news is that in spite of the current difficult penny stock market, there are still plenty of opportunities. In this article, we take a look at the best penny stocks today ENVB, GNUS, MAXD, and MDMP to find out what’s behind the move and our outlook for each.

Best Penny Stocks Today ENVB

ENVB is a best penny stock today after acquiring an exclusive, perpetual license from Diverse Biotech, a biopharmaceutical company focused on developing new molecules for treating oncology and other debilitating diseases. As you can see from the chart below, ENVB has a history of major spikes and then crashing back down. Best Penny Stocks Today ENVBAs part of the agreement, Enveric will add target indications by obtaining five molecules, four of which are dermatology-focused and one that is pain-focused. The company will also gain access to Diverse Biotech's scientists and formulators to help synthesize and validate these drugs.

"This exclusive licensing agreement with Enveric aims to expand our CBD conjugate platform into oncology supportive care indications for the first time," Diverse Biotech CEO Brian Longstreet said.

Enveric plans to research and develop these new drugs with the goal of alleviating the side effects that cancer patients experience and added that the company intends to expand its pipeline of development candidates.While ENVB closed the day up 54%, the stock was off the highs of $7. While ENVB was a best penny stock today, tomorrow it most likely won't be. ENVB has a history of spiking and then crashing. ENVB is a penny stock that you want to buy before the spike and then sell into the momentum.

Best Penny Stocks Today GNUS

A lot of investors don't even want to hear the symbol GNUS. They bought into the hype last summer when GNUS ran to $11 and got caught bagholding. Again, we preach to our subscribers to not chase these runners. To make real money trading penny stocks, you need to get in before the move. If you missed the move, move on and buy the dip or go looking for another penny stock to buy that hasn't made its move yet. Best Penny Stocks Today GNUSThe good news is that in looking at the chart above, GNUS is forming a rounding bottom. Furthermore, GNUS has actually been a good performer. Shares are up over 700% in the last year and up 55% in 2021.GNUS is a best penny stock today as the stock is getting attention from the direct listing of Roblox. Chatter points to a partnership involving Genius' Kartoon Channel, though Genius Brands hasn't announced any such deal. As with other video sites, though, Kartoon Channel has footage of gamers playing Roblox games.Investors are also expecting news between GNUS and Marvel to be announced on March 30th. From the CEO's latest letter:We are actually quite surprised that GNUS has not captured the attention of the Wall Street Bets Reddit Army. Over 11% of the float is short and there are a number of upcoming catalysts including the April 23rd launch of Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger. The show will be distributed on Kartoon Channel! across Apple TV, Apple iOS, Android TV, Android Mobile, Amazon Prime, Amazon Fire, Roku, Tubi, Dish, Sling, Samsung smart TVs, and LG smart TVs.A broad marketing campaign managed by GNUS's recent acquisition, Chizcomm Media, is set to begin shortly across TV, Influencer, Display Ads, Video Ads, Social Media, along with Stan Lee and Arnold Schwarzenegger’s diverse social platforms.Arnold Schwarzenegger is a significant investor in Genius Brands stock after electing to receive warrants to purchase shares of the Company’s common stock as an advance against his profit participation in the new animated children’s series, Stan Lee’s Superhero Kindergarten.We see GNUS as a great comeback play. Mr. Market is just waiting for the next catalyst to drop to squeeze the shorts. It's not a matter of if, but when.

Best Penny Stocks Today MAXD

The chart on MAXD is a textbook case.

1. Accumulation before the move, i.e. finding the momentum BEFORE the move happens.
2. Spike higher as the crowd discovers the stock.
3. Retracement as early money book profits.
4. Momentum players come in and buy the dip.

Best Penny Stocks Today MAXDLast week, MAXD signed a Joint Venture Agreement with TIP Solutions, that brings their revolutionary technologies to market together with game-changing Patented and Trademarked MAX-D HD Audio and TIP's Cutting Edge Call Management Platform.Under the Joint Venture, TIP has now licensed MAX-D’s HD Audio breakthrough with a six-figure, up-front fee and projected fees and royalties of at least seven-figures over ten years. (More specific details, including revenue sharing components that could create greater projectible sales growth, will appear this month in MAX-D's upcoming 10k annual report in the Subsequent Events section.)

“We are thrilled to be partnering with MAX-D and to provide our users with their incredible HD Audio breakthrough that has consistently demonstrated a dramatic ability to improve everyone’s multi-media entertainment experience,” said John Braun, TIP Solutions CEO. “Together, TIP and MAX-D are going to revolutionize the way we communicate. When you combine the high-level audio quality that MAX-D provides with TIP’s highly beneficial Call Management Program features, you’re given the gift of a communications experience that’s as close to face to face as it gets.”

With more than one million downloads of MAX-D’s HD Audio App, that previously occurred with no advertising dollars spent, the critically acclaimed high-definition audio technology has captured the attention of many award-winning musicians, producers, engineers, and consumers including Mick Fleetwood of Fleetwood Mac.

“Thank God we can finally get out of this sonic prison cell that we’ve been put into. MAX-D restored my faith in the future of audio,” said Mick Fleetwood, founder, drummer, and icon of pop-supergroup - Fleetwood Mac.

For the past several years, TIP and MAX-D have separately been working with Qualcomm, each under the Chip Giant's Developer program to bring their respective technologies into the Qualcomm Snapdragon chipset eco-system. Retired NBA Champion and Superstar Shaquille O’Neal is already a Brand Ambassador for TIP Solutions and a TIP Equity holder.

Best Penny Stocks Today MDMP

Last, but not least is MDMP. MDMP is the talk of the OTC Markets after rocketing 1,156%. Best Penny Stocks Today MDMPMDMP is running after issuing a March field update reporting enormous energy reserves.What we like about MDMP is that the company has been putting out news every month updating its status. MDMP has been in the oil & gas business since 1981 and CEO Michael Rafael has 40 years of experience in the industry. We suggest you check out the company's website here.MDMP is the real deal, yet sports a market cap of just $71 million with just 286 million shares outstanding. If the company's reserves are proven, MDMP will be trading in dollars.

BOTTOM LINE

As we keep saying, there are always opportunities in the markets and there are still winning penny stocks to buy. Huge gains can be made in such a short amount of time.If you like any of these best penny stocks today and have missed the move, our best advice in these tough times is to be patient and throw bids in below the market. Buying dips and selling rips as swing trades remains the best strategy in these markets.It’s also important to look for penny stocks that have yet to run. There are plenty of opportunities out there and we look at hundreds of penny stocks to buy each week trying to find the best alerts for our subscribers.Remember, all it takes is one or two to become a winner and you’ve crushed the market indices for the year.As always, good luck to all (except Tim Sykes and his fellow shorts)!

WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!

Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.Image by Prawny from Pixabay