The cheapest penny stocks can draw in a lot of buyers. That’s because of their low prices.
These stocks can be a great way to grow a small account. It’s how I’ve made over $7.4 million in over 20 years of trading. And in 10+ years of teaching, my students have learned from my favorite patterns to become self-sufficient traders.
You can grow an account by trading the cheapest penny stocks…
I’ve learned how to spot the best penny stocks to buy for my strategy and I want to help you do the same. Don’t think you’ll get rich quick. You have to set goals, commit, and study your butt off until you have the knowledge to accomplish those goals.
Table of Contents
- 1 What Is Considered a Cheap Penny Stock?
- 2 Is It Risky to Trade the Cheapest Penny Stocks?
- 3 5 Cheapest Penny Stocks to Trade in 2023
- 4 Top Penny Stocks to Watch Under $1
- 5 Top Penny Stocks to Watch Under 10 Cents
- 6 What Is the Cheapest Penny Stock?
- 7 What Are the Best Brokers to Trade the Cheapest Penny Stocks?
- 8 Conclusion: Should You Trade the Cheapest Penny Stocks?
What Is Considered a Cheap Penny Stock?
When a stock trades for under $1 per share, it will most likely be on an over-the-counter (OTC) market. They’re less likely to be listed on the big exchanges like Nasdaq, NYSE, or AMEX. For a company to list on any of those exchanges, the stock has to maintain a price of over $1 per share.
That brings up a good question…
Is It Risky to Trade the Cheapest Penny Stocks?
All trading is risky, no matter the niche. If someone tells you their strategy is 100% successful, they’re lying!
And I’m determined to be real in an industry full of fakes. Because of that, I get a lot of haters. I don’t care. Some people only want hot stock picks. But I want you to learn to be self-sufficient. You need to learn to think for yourself.
If you blindly follow alerts and click the buy or sell button when someone says to, you’re not learning anything.
The volatility in the cheapest penny stocks can be insane. These stocks can move fast. That’s another reason you can’t rely on alerts alone. I send my students alerts, but that’s to help them learn the process.
This industry with the cheapest penny stocks is full of lies, pumps, and promotions. I want to help you learn to use that to your advantage. Never believe the hype.
It’s smart to be cynical in this niche.
Remember, most penny stocks are garbage companies that will fail. It can be risky to trade them, but they can bring so much momentum and opportunity. Be prepared so you can minimize your risk and take advantage of them.
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5 Cheapest Penny Stocks to Trade in 2023
My cheapest 2023 penny stock picks are:
- OTCQX: ABML — American Battery Technology Co. — The EV Battery Penny Stock
- OTCQB: GTII — Global Tech Industries Group, Inc. — 2022’s Best Penny Stock Pump
- OTCPK: VENG — Vision Energy Corp. — The Back-from-the-Dead Penny Stock Pump
- OTCPK: CLOW — Cloudweb Inc. — The Pump All-Star Penny Stock
- OTCPK: EPAZ — Epazz Inc. — The AI Drone Government Contract Hopeful Penny Stock
My watchlists aren’t rocket science. They’re a product of paying attention to what’s already happened.
The stocks on this list are mostly former runners with recent news. That means I’m not the only one paying attention to them.
Here’s your disclaimer: there are a lot of factors to consider when trading penny stocks. The markets won’t forgive you if you trust in random chance instead of studying price patterns and trading selectively.
The best traders watch more than they trade. That’s what I’m trying to model here. Pay attention to the work that goes in, not the picks that come out.
Top Penny Stocks to Watch Under $1
These are my top penny stocks under $1 in 2023…
American Battery Technology Co. (OTCQX: ABML) — The EV Battery Dip Buy Penny Stock
My first penny stock pick under $1 is American Battery Technology Co. (OTCQX: ABML).
There’s a very unique trend in the stock market that most new traders aren’t aware of. And I use this trend to profit multiple times on stocks like ABML …
Past spikers can spike again.
There’s no telling when, or how high. But when I’m looking to trade a volatile stock, I’m more confident in the setup if the chart shows a history of running.
Between September 2020 and January 2021, ABML launched over 4,800%.
And since January 2021, the price has spiked at least half a dozen other times.
The EV sector is in hibernation mode at the moment. Translation: I don’t see many low-priced spikers.
But every day the sector grows, as big players like Tesla Inc. (NASDAQ: TSLA) and General Motors Company (NYSE: GM) compete for market share.
I think it’s only a matter of time until this stock pops off again.
Global Tech Industries Group, Inc. (OTCQB: GTII) — 2022’s Best Penny Stock Pump
My second penny stock pick under $1 is Global Tech Industries Group, Inc. (OTCQB: GTII).
It’s another former spiker.
In 2021 the price ran over 4,400%.
In 2022 it spiked over 1,300%.
In 2023 we’ve already seen a bit of action, but there could be more in the tank.
Right now I’m waiting for a hot catalyst and some decent trading volume. Here’s why:
- I don’t trade stocks unless there’s a reason for the move.
- A high trading volume (above 1 million shares) shows the stock is liquid enough to trade and people are interested in it.
I’m always dropping little nuggets of information here and there. Make sure to take notes if you’re new to this.
When it comes to trading, the process is everything.
Vision Energy Corp. (OTCPK: VENG) — The Back-from-the-Dead Penny Stock Pump
My third penny stock pick under $1 is Vision Energy Corp. (OTCPK: VENG).
These spikes don’t last forever.
VENG spiked past $25 in 2022. But since then the price fell below $1.
It’s another important lesson you need to learn.
Remember this chart well, its the basis for my 7-step framework, @30DayBoot & @completepenny & you must study not to fall prey to greed/ignorance or you'll get wrecked like 90% of traders. It's VITAL to sell into excessive strength/hype, do not just hold & hope like most newbies pic.twitter.com/QsAGHsI6lp
Yes, the spikes can be huge. Otherworldly even. But they always come crashing back down eventually.
That’s why I trade these cheap penny stocks, NOT invest in them.
These aren’t buy-and-hold stocks. 99% of the time, they will crash in the end.
I limit my risk exposure and sit in cash until I see a trade opportunity. That way my account isn’t subject to market volatility.
I teach all my students to trade like this, like a sniper. Wait for the perfect shot, get in, and get out.
This thing could wake up any day now …
Top Penny Stocks to Watch Under 10 Cents
These are my top penny stocks under 10 cents this year…
Cloudweb Inc. (OTCPK: CLOW) — The Pump All-Star Penny Stock
My first penny stock pick under 10 cents is Cloudweb Inc. (OTCPK: CLOW).
Out of all the stocks on this list, I’ve been trading CLOW the longest.
My first trade was in September of 2018.
Most recently, the price launched over 1,200% to end 2022.
In true penny stock fashion, it gave back all of those gains and then some.
It’s a perfect example of why we don’t hold and hope for higher prices.
And now that the chart pulled back, I feel better about trading the price action.
In 2022 I knew the price was going to take a dive but I didn’t know when. It made trading a little nerve-racking.
But now, the chart basically reset and we’re ready to rumble.
Wait for a catalyst and some volume before you trade.
Epazz Inc. OTCPK: EPAZ — The AI Drone Government Contract Hopeful Penny Stock
My second penny stock pick under 10 cents is Epazz Inc. OTCPK: EPAZ.
One of the best catalysts right now is artificial intelligence news.
The AI sector momentum started in early 2023 and it’s been hectic ever since.
Plus, we’ve only scratched the surface.
The technology is still new, but it’s expected to replace 300 million jobs globally and is drawing the attention of major players like Microsoft Corporation (NASDAQ: MSFT), Elon Musk, and Bill Gates.
EPAZ has already spiked more than 560% this year due to the sector hype.
And like I said … we’re just getting started.
As the sector grows, EPAZ will remain on my AI watchlist.
What Is the Cheapest Penny Stock?
You can find penny stocks all the way down to almost $0. Some stocks list for as little as $0.0001.
Any stock with three zeros after the decimal point is known as a ‘triple-zero’ penny stock. Until they’re worth at least 1 cent, they’re known as sub-penny stocks.
Sub-penny stocks are one reason why people love to hate penny stocks. But they just don’t understand the rules they need to trade in this niche. If you know how to ride the momentum, even sketchy stocks can make for good trades.
Never buy a sub-penny stock without a plan. Otherwise, you’re just setting yourself up for failure. When you fail to plan, you’re planning to fail.
What Are the Best Brokers to Trade the Cheapest Penny Stocks?
Picking which broker to use for trading the cheapest penny stocks is important. For example, if you went with Robinhood, you’d soon be disappointed with your decision. Robinhood doesn’t allow you to trade OTC stocks.
When picking your broker, you need to do your research and ask yourself a lot of questions…
Conclusion: Should You Trade the Cheapest Penny Stocks?
The cheapest penny stocks can offer trading opportunities. But you have to put in the time and dedication so you understand how to play the patterns.
You need a well-rounded strategy to find the best penny stocks to buy now.
Penny stocks are risky, just like all other stock trading niches. Studying your butt off can help minimize that risk. I became a teacher to help traders learn to trade safely and manage their risk.
I have so many resources available to help traders better understand the market. And I’m dedicated to being fully transparent as a trader and teacher in an industry full of fakes. I love being real!
There have been so many opportunities in 2020 for prepared traders. It’s also a great time for traders to learn and get ready for the next hot market and the best penny stock trades. The market repeats itself. Study the present and the past to better prepare for the future.
Some of the cheapest penny stocks can have insane volatility and spike big. Study up and prepare your watchlist now.
What do you think about trading the cheapest penny stocks? Leave a comment below!