Top Penny Stocks List and Weekly Update

A weekly penny stocks list can be a beautiful thing.

Instead of FOMOing after mega runners like Magic Empire Global Ltd (NASDAQ: MEGL)…

We’re taking the opportunity to focus on the market’s most renewable resource, sketchy penny stocks.

I love trading these stocks because they’re so predictable. I’ve been using my 7-Step Penny Stocking Framework for over 10 years…

These patterns still work — they’re how I’ve made $7.4 million over my trading career. The only thing that changes is the dream future these stocks are selling. That hope is what makes newbies abandon their discipline.

There’s a 0.0001% chance that any penny stock will become the next Amazon. Heck, I wouldn’t even try to predict the next AMTD Digital Inc. (NYSE: HKD)…

The traders who make money are the ones who stick to their rules. If you’re ready to commit to disciplined trading, these penny stocks should be on your watchlist.

Top Penny Stocks List: August 18, 2022

The past few months have been rocky…

But lately we’ve seen signs that the market’s in recovery.

The S&P 500 is one of the most widely-followed stock indices out there. It’s fallen steadily from all-time highs in December 2021…

Since mid-June, it’s up over 10%. Here’s the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) which tracks the S&P:

The penny stocks I trade have THRIVED in this bullish market. In the past six weeks, I made almost half of what I made in 2022’s first six months

I also made my two biggest trades of the year in this period. Both were sub-$1, ‘true’ penny stocks. When the market has volume, these stocks can really run.

On June 27, I traded Evofem Biosciences Inc. (NASDAQ: EVFM) for a $3,870 profit.

I wasn’t even early on this trade. I was running my Las Vegas bootcamp with millionaire trader Roland Wolf — check out our next bootcamp HERE — and traded it after a 40% spike.

Here’s my trade breakdown:

Two weeks later I traded Emergent Health Corp. (OTCPK: EMGE) for even bigger gains. I made $5,819 INCLUDING my loss on a follow-up trade.

It’s still summer, the time when the market traditionally slows down. I keep my risk tight in slow markets, and I ALWAYS recommend caution for my students.

Think like a sniper. A sniper can watch a target for days, weeks even. When the right moment comes, they’re prepared.

Top 5 Penny Stocks to Watch This Week

Some of these stocks might give you déjà vu…

My watchlists aren’t rocket science. They’re a product of paying attention to what’s already happened.

The stocks on this list are former runners with recent news. That means that I’m not the only one paying attention to them.

Intelligent Living Application Group Inc. (NASDAQ: ILAG)

Let’s talk about everyone’s favorite new hot sector, Chinese IPO plays.

I’m usually cautious about IPOs. They don’t have a chart yet. They might become the real thing — but until then, they’re basically all hype.

Hype is only a bad thing when you believe in it. What it’s giving us in stocks like HKD and Nano Labs Ltd. (NASDAQ: NA) are easy patterns to play.

Here’s the pattern I used to make $2,536 trading NA. It’s Step 5 of my 7-Step Penny Stocking Framework, the panic dip buy. This is my favorite pattern for small accounts.

I made $720 on my best ILAG trade (starting stake $12,680). My other two ILAG trades from August were a small gain and small loss.

ILAG’s price action has been too choppy for this trading strategy to really work. I’ve protected myself by trading small and keeping my risk tight.

Check out the video lesson I did for my Trading Challenge students here.

When ILAG decides on a direction, these dip buys should work even better.

WaterPure International Inc. (OTCPK: WPUR)

WPUR is a stock that’s much more in my wheelhouse. I made $465 on this OTC spiker (starting stake $2,829) while staying safe.

It was a StocksToTrade Breaking News play.

I rely on this service for OTC news. They pass on the kind of news that moves stocks, with some quick expert analysis.

Get your 14-day trial of Breaking News Chat with the StocksToTrade trading platform for only $17 here. I helped to design StocksToTrade, so of course I think it’s the ONLY platform you should be trading on.

WPUR spiked off of merger news. It gained around 300% from the previous close.

It’s since given back most of these gains. That makes sense — hold this stock at your own risk.

This micro-cap company is “in the developmental stage” of building generators that suck drinking water out of the air. Good luck on that. I’ll believe it when I see it.

One thing WPUR does actually produce is tradeable news. In May, they announced a carbon neutral student housing project. 10 days later, they were partnering with sketchy EV penny stock Alternet Systems Inc. (OTCPK: ALYI) on an EV ecosystem project.

WPUR traded over 40 million shares on the day I traded it. It knows that people are paying attention. I wouldn’t be surprised if there’s more news ahead.

Blue Fire Equipment Corp. (OTCPK: BLFR)

While we’re on the subject of OTC spikers, let’s spare a moment for one of the August trades I’m proudest of…

My $34 trade of BLFR (starting stake $1,290).

I liked this trade so much I did a Trading Challenge video lesson called “Thirty-Four Lessons From My Latest $34 Trading Profit.”

If you’re not a member of my Trading Challenge (and you should be!), I’ll break down one of the things I like about this trade.

Breaking News Chat alerted BLFR’s merger news at the start of the day. That news took it from $0.04 to $0.11.

I didn’t chase the early spike. Instead, I waited for a pattern to emerge. It was the pattern I talked about on ILAG, the panic dip buy.

If you’re just learning how to trade, this is EXACTLY the type of trade I want you paying attention to.

My goal was to make 10–30% on the play. When it didn’t bounce like I wanted, I sold it.

Whether I made $34 or took a small loss, I would have felt the same. I took a chance on a speculative setup, and had the discipline to stick to my risk.

Knowing that I can stick to my risk gives me the chance to trade more of these speculative setups.

BLFR pushed against its 52-week high on the day I traded it. Next time, a similar trade could pay off.

Geovax Labs Inc. (NASDAQ: GOVX)

The monkeypox sector has hit a lull. Judging from recent news, it isn’t done yet.

GOVX is one of the stocks that responds best to monkeypox catalysts. Just check out the 674% run that GOVX went on from July 25 to August 2!

I have other monkeypox stocks on my biotech penny stock watchlist. None have the combination of name recognition and volatility that GOVX does.

Low-priced Nasdaq biotechs have been hot. You can’t discount the legion of Robinhood traders who are thirsting after penny stocks they can actually trade…

I’ll be watching GOVX when monkeypox mania hits again.

TDH Holdings, Inc. (NASDAQ: PETZ)

PETZ must have felt its ears burning when I mentioned Robinhood traders…

This Chinese pet food company has been losing money since 2017. According to its 2020 annual report, it has ceased production activities… which, you know, are the reason PETZ is supposed to be in business.

It seems like most of its recent efforts have been dedicated to repaying debts.

PETZ did a 1-for-20 reverse stock split in June to avoid being delisted. That barely worked — it lost over 50% of its value and had been chugging along in the $2s until August.

On no real news but decent volume, PETZ has made a series of moves higher.

Newbies might be eyeing the heights it reached in late 2021. I’m eyeing low-priced runners in the meme stock sector, which includes fellow sketchy Chinese pet company Dogness Corp. (NASDAQ: DOGZ).

Trading Education

Education is what separates the winners and losers in trading.

I can give you all the “hot picks” you want — but that means nothing if you don’t know what to do with them.

Becoming a self-sufficient trader isn’t a game of getting the right picks before anyone else…

The market is based on supply and demand. In order for a stock to move, other traders have to know about it.

If you spend just five minutes with a powerful trading platform like StocksToTrade, it will be obvious what stocks are hot on any given day…

Guess what? Other traders know that too.

Trading is a battlefield. If you don’t read the instructions, you just get the location — no weapon.

But fear not — giving new traders their education is what I was put on this earth to do!

**Apply for the Trading Challenge Today**

I’ve been trading for more than 20 years. During that time, I’ve made over $7.4 million.

That isn’t what I’m most proud of. I’m prouder that I’ve turned more than 20 of my Trading Challenge students into millionaire traders.

I didn’t do this by giving them hot stock picks. I did it by being relentlessly honest about my successes and failures, and teaching them to be that way too.

You don’t become a millionaire trader by trying to impress your Twitter followers, like so many other ‘gurus’ do. You get there by being honest with them, and yourself. That’s why I’m always honest with my students — ESPECIALLY about my failures.

Because they’re not real failures if I’m following my rules, and cutting my losses quickly. When I lose, I want to show my students the right way to trade. That’s the secret to becoming a self-sufficient trader — knowing how to manage your losses.

Are you ready for this level of real talk? Apply for my Trading Challenge and show me what you’ve got.

We don’t accept everyone. We like to limit our community to people who are humble, people who work hard.

Think you’ve got what it takes? Apply to my Trading Challenge today!

Why You Should Consider Penny Stocks

Penny stocks get a bad rap.

Sure, 99% of them are crap. Most are even outright scams.

But where else can you earn 15-30% profits on a single trade?

Penny stocks are only bad if you start to believe the hype. Take BTTX above…

It’s got an awesome story to sell. And — just maybe — they’ll become the maker of a front-line diabetes treatment.

But you know who I’d bet on instead? Eli Lilly and Co. (NYSE: LLY), a $300 billion company that’s one of the leaders in diabetes care

They’ve got a $7 billion R&D budget. So yes, they’ll probably beat BTTX to any game-changing advancements.

If you buy a penny stock thinking it will become the next Amazon, you’re basically buying a lottery ticket. That can be fun, but it’s no way to build your trading account.

The right way to go about it requires discipline and a good trading plan.

How to Choose the Right Penny Stocks to Trade

I want my students to become self-sufficient. Like I said before, my watchlists aren’t rocket science. I build them by sticking to these eight steps.

Look for Big Percent Gainers

How do you find hot stocks? The first step is learning to use a stock screener.

I scan in premarket to know what’s moving. Penny stocks that know the game often put out PR in premarket. This gives traders the whole day to send their stock prices up before they dilute.

I typically look for 10% gainers. These are the stocks that the rest of the market has their eyes on.

Does it Have News?

We’re in the world of penny stocks, so this is a fair question to ask.

The ‘product’ of most penny stocks is their own stock. They want to pump it up, then insider trade/dilute into this built-up demand.

A lot of penny stock traders will believe anything — but I won’t. I want to see more than a celebrity tweet of a stock before I trade it.

How’s the Volume?

Volume is the proof of demand. If a stock has enough volume — on a small enough float — that’s a good sign that the price will continue to move.

Look at the Exchange

The OTC exchanges aren’t for everyone.

Figure out whether your strategy works with OTC stocks. If you’re not willing to pay the fees and deal with low volume, you might want to stick to listed stocks.

Investigate the Company History

This is another good way of seeing whether news will hold up.

Is this a real company? Is their stock a former runner?

You know the saying ‘fool me once, shame on you, fool me twice, shame on me?’ Smart traders don’t get fooled twice.

Always Verify Their Claims

Sketchy penny stock companies will say anything to pump their stocks.

Luckily, you have the internet at your disposal. Always check up on their claims.

Be Skeptical

Expect the stock you’re watching to tank. Nine out of 10 will — the percentage goes higher if you watch them long enough.

Rinse and Repeat to Add Penny Stocks to Your List

That’s it! Keep an eye on stocks that are moving, and wait for their next move. Never trade them before they fit your preferred setup.

Frequently Asked Questions About This Penny Stocks List

Trading is the hardest thing you’ll ever learn. There are no dumb questions.

How Do You Create Your Own Penny Stocks List?

Look at the section above for a detailed how-to…

How Can You Create Your Own Watchlist?

Follow my logic, and watch the stocks that are moving. Soon enough you’ll have a few different watchlists.

Should I Create a Watchlist Every Day?

Absolutely. Self-sufficient traders have several watchlists, and they learn to watch stocks on a daily basis as well as longer timeframes.

Does Tim Sykes Provide a NO-COST Watchlist?

LOL, trick question. Check out the next section for the link.

For more information and a detailed guide on how to create a watchlist, read “Stock Watchlist Guide: Tips & Examples to Develop Your Own.

How to Use the Top Penny Stocks List

You should use this list as a model for your own watchlists.

Don’t just copy the stocks on this list. Learn my selection process and create your own.

Sign up here and I’ll send you a new NO-COST watchlist every week.

Conclusion

Penny stocks can be a blessing or a curse — it’s all in how you trade them.

If you’re new to this, start paying attention. Study the patterns I teach.

That’s the only way to survive in this penny stock game.

Do you have your own penny stock watchlist? How many of the stocks on this list are on yours?

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