Looking for cheap stocks to buy in 2021?
You’re going about it all wrong!
Never look to anyone else to tell you which stocks to buy. Sure, you might get lucky a few times chasing hot stock picks. But you won’t learn what it takes to make it in the markets long term.
Penny stocks offer great opportunities to grow a small account. It’s not easy but it’s possible with the right rules, education, and discipline. And that’s exactly what I teach my Trading Challenge students.
It’s about having a process and strategy that works for YOU — not following others.
So today I’ll share my list of top cheap stocks to watch in 2021. It doesn’t mean trade these stocks. And it certainly doesn’t mean buy and hold…
Add them to your watchlist and wait for a catalyst, volume, and pattern that makes sense to you.
Table of Contents
- 1 What Are Cheap Stocks?
- 2 How to Find the Best Cheap Stocks to Watch
- 3 11 Cheap Stocks to Watch Under $10
- 3.1 Cheap Stocks to Watch #1: Lizhi Inc. (NASDAQ: LIZI)
- 3.2 Cheap Stocks to Watch #2: Moxian, Inc. (NASDAQ: MOXC)
- 3.3 Cheap Stocks to Watch #3: Tautachrome, Inc. (OTCPK: TTCM)
- 3.4 Cheap Stocks to Watch #4: Labor Smart, Inc. (OTCPK: LTNC)
- 3.5 Cheap Stocks to Watch #5: Foothills Exploration, Inc. (OTCPK: FTXP)
- 3.6 Cheap Stocks to Watch #6: Halberd Corporation (OTCPK: HALB)
- 3.7 Cheap Stocks to Watch #7: MDM Permian, Inc. (OTCPK: MDMP)
- 3.8 Cheap Stocks to Watch #8: PAVmed Inc. (NASDAQ: PAVM)
- 3.9 Cheap Stocks to Watch #9: DMG Blockchain Solutions Inc. (OTCQB: DMGGF)
- 3.10 Cheap Stocks to Watch #10: 88 Energy Limited (OTCPK: EEENF)
- 3.11 Cheap Stocks to Watch #11: Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV)
- 4 The Wrap on Cheap Stocks to Watch
What Are Cheap Stocks?
Cheap stocks trade between 1 cent to $10. You can trade sub-penny stocks too. But they’re not my favorite.
Cheap stocks are typically smaller companies. They may only have one or two products — or none at all. They can be developmental-stage companies trying to get a product or technology to market.
Most of these companies fail in the long run.
But I don’t care. I LOVE this niche. I take advantage of volatile price moves in a short time. All while trading scared. I never trust or believe in any of these companies. Yet, I’ve still made $7 million from trading these crap stocks.*
(*Trading results are not typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose.)
How to Find the Best Cheap Stocks to Watch
Want to know how to find cheap stocks to buy in 2021?
It blows my mind when students ask me how I find stocks — I use StocksToTrade!
StocksToTrade has 40+ built-in scans designed specifically to help you find cheap stocks to trade. Or you can build your own custom scans. Plus, it has built-in watchlists, social media feeds, and broker integration so you can trade through the platform.
And the Breaking News Chat guys are awesome at finding the hottest news that can spark stock runs.
(Quick disclaimer: I helped design and develop StocksToTrade.)
Once you have a list of stocks from your scanner, create a watchlist of cheap stocks that match your trading strategy. Sort your watchlist based on the potential plays you’re looking for. Whether it’s a breakout, a morning spike, or a morning panic.
To me, the best cheap stocks to trade are ones that fit my go-to chart patterns. I also have seven indicators I consider before I take a trade. Learn about my Sykes Sliding Scale indicators in my “Trader Checklist Part Deux” DVD.
Want to know which stocks I’m watching each week?
Now let’s get to my list of the top cheap stocks to watch in 2021…
11 Cheap Stocks to Watch Under $10
Reminder: This is a list of cheap stocks to watch only. Do your own research. Use this list to help you build a watchlist and find the stocks that best fit your strategy.
NEVER blindly follow anyone’s stock picks — not even mine. Let’s get to the list.
Cheap Stocks to Watch #1: Lizhi Inc. (NASDAQ: LIZI)
LIZI is a Chinese communication company. It offers an online audio and entertainment platform. The company collaborates with Chinese EV manufacturer XPeng Inc. (NYSE: XPEV) to integrate car audio systems.
LIZI’s founder and CEO said, “We are excited to establish the cooperation with Xpeng Motors which is aimed to deliver better mobility experience for Xpeng Smart EV users. We believe this will strengthen our competitiveness in the in-car audio services space.”
Cheap Stocks to Watch #2: Moxian, Inc. (NASDAQ: MOXC)
MOXC is a Hong Kong-based company that operates an online networking platform. It integrates social media with businesses.
Cheap Stocks to Watch #3: Tautachrome, Inc. (OTCPK: TTCM)
TTCM is a tech company offering two platforms and apps. The company is also attempting to enter the blockchain and NFT space.
This is a choppy stock but it has a history of spiking.
Cheap Stocks to Watch #4: Labor Smart, Inc. (OTCPK: LTNC)
The news wasn’t that great and the stock’s not in a hot sector. It could be a pump.
I traded it a few times for total profits of $6,618.43 in February and March.*
(*Trading results are not typical. Individual results will vary. Most traders lose money. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose.)
Cheap Stocks to Watch #5: Foothills Exploration, Inc. (OTCPK: FTXP)
OK, this stock’s the odd one out. It’s a sub-penny stock. I said earlier they’re not my favorite to trade … But I like FTXP’s chart.
It’s an oil and gas company — a sector I never used to trade. But they’ve been running lately and I’ve traded a few. That’s how you adapt to the market and take what it gives you.
The company announced it’s forming a new subsidiary to join the clean energy future.
I’d like to see the stock get over 1-cent resistance. That could get it on more traders’ radar and it could be a catalyst for a bigger move.
Cheap Stocks to Watch #6: Halberd Corporation (OTCPK: HALB)
HALB is a biotech penny stock. The biotech sector has been hot the last year.
The stock has proven it can spike on news. Watch for catalysts and high volume.
Cheap Stocks to Watch #7: MDM Permian, Inc. (OTCPK: MDMP)
This has been one of my favorite cheap stocks to buy — I’ve made $22,515.79 trading this stock in 2021.*
It’s another oil and gas company and it has presented good trading opportunities. It started running on March 10 on this news. And it spiked again when it announced a completed acquisition of a new well property.
Always watch former runners.
Cheap Stocks to Watch #8: PAVmed Inc. (NASDAQ: PAVM)
PAVM is in the medical devices sector. The company filed a Form 4 in March that shows insider buying — albeit a small number of shares.
Cheap Stocks to Watch #9: DMG Blockchain Solutions Inc. (OTCQB: DMGGF)
DMGGF is a blockchain and cryptocurrency company. It announced it entered a definitive license agreement with Marathon Digital Holdings, Inc. (NASDAQ: MARA). MARA is a bitcoin mining company that’s trading near its all-time highs of $49.50 as of this writing.
Bitcoin is also trading near its all-time highs as of this writing. Watch it as the sector leader for any crypto-related stocks.
Cheap Stocks to Watch #10: 88 Energy Limited (OTCPK: EEENF)
EEENF is another oil and gas stock.
Cheap Stocks to Watch #11: Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV)
HOFV is another stock that ran as part of the NFT sector momentum. It was already up a lot when it announced a partnership with Dolphin Entertainment, Inc. (NASDAQ: DLPN). The partners plan to offer NFTs for fans to buy and sell content.
Watch the overall sector for momentum before planning a trade.
The Wrap on Cheap Stocks to Watch
These news catalysts bring in volume, which can create volatility and bigger price moves.
Remember, most of these companies are junk. No matter how exciting the news is, the price will almost always come down. If it’s a paid promotion, the stock price can fall quickly, so I’m not patient with these trades…
Want to learn more about the best cheap stocks to trade and how to trade them? Apply for my Trading Challenge.
If you’re accepted as a student you’ll get access to thousands of video lessons, weekly live trading and Q&A webinars, and all my DVDs. Plus, you’ll have access to archived webinars from me and the top traders who help me moderate in the Challenge chat room.
What do you look for in cheap stocks to buy? Let me know in the comments … I love to hear from you!