Top Penny Stocks List and Weekly Update

There are thousands of penny stocks out there, and you can’t keep up with all of them. That’s why I created this article — to help you learn which stocks are worth watching and which aren’t.

Before getting into it, I’ll warn you again: you shouldn’t buy anything from my penny stock lists blindly. Do your research, learn the history, and ensure it’s a good trade before committing. Be a smart trader, don’t gamble!

Despite what some analysts might say, penny stocks are not worthless or unimportant. While some newbies treat them like speculative products/investments and then blow up, trading them doesn’t have to equal gambling. They can help you build your account quickly with the right data and research!

Without further ado, read on for my top penny stock recommendations this week!

What Is a Penny Stock?

A penny stock is a stock trading at less than $5 per share. You can trade penny stocks on major exchanges like the New York Stock Exchange (NYSE) and Nasdaq, but many of the penny stocks I trade are exchanged through over-the-counter (OTC) trades.

You can buy penny stocks on Robinhood, TD Ameritrade, Charles Schwab, and other stock brokerages. All of them allow you to trade penny stocks on major exchanges, but some of them don’t offer OTC trades.

Penny stocks are cheap and often sketchy, but they can build your trading account quickly if you trade well. They’re volatile and unpredictable, so you need a tailor-made strategy for penny stock trading.

Why Penny Stocks Are Great for Trading

Despite their (well-deserved) bad rap for being sketchy and unpredictable, I still primarily trade penny stocks. Why is that? Here are my reasons for trading penny stocks:

Small Accounts Grow Quickly

With penny stocks, you should go for singles instead of home runs. And they’ll add up. Penny stock trades are often faster than trades of listed stocks, so you’ll build your trading account faster than if you were trading pricier stocks.

Less Interference From Big Investors

Wall Street doesn’t like penny stocks because they see them as high-risk and sketchy, which isn’t wrong. However, their loss is our gain because you don’t have to worry about giant investment firms crashing penny stock prices by unloading their shares.

That said, the risk of trading penny stocks is real. You will encounter scams and unscrupulous companies trying to make a buck at your expense, so always research before trading.

Extended Price Moves

Fewer people trade penny stocks due to their sketchy reputation. Because penny stock trading isn’t as popular as other stocks, price moves typically play out over days, not minutes.

This isn’t to say that penny stock prices move slowly. Major price swings can lead to quick profits — or even quicker losses if you aren’t disciplined.

How to Find the Best Penny Stocks to Trade

I skip the fundamental analysis on penny stocks because most companies offering them have bad fundamentals. Instead of learning more about the company, the best way to understand penny stocks is to observe and understand. Learn their patterns and how their prices move to get a good feel of how the stock behaves.

Here are two things I do when looking for penny stocks to trade:

Study the History

Think of stocks like athletes — they won’t deliver the same performance every time, but they have their own styles and a track record you can learn from.

One of the best ways to find which penny stock to trade is to use software like StocksToTrade to create watchlists of past runners. Monitor your watchlist regularly, study their patterns, and spot the stocks that might make big runs in the future.

Understand the Charts

Technical analysis is my preferred method for picking penny stocks because penny stock companies usually don’t have good fundamentals. Technical analysis involves identifying trends and patterns in penny stock movements.

I don’t have any magic tricks for technical analysis aside from practice, practice, and practice. Analyze as many charts as you can, make trades, and learn with every win or loss.

Top Penny Stocks List: March 20, 2023

There are always plays to make in the small-cap market …

But there are times to get aggressive, and times to be cautious.

Right now it’s time to trade more cautiously/conservatively.

There’s a decent amount of fear in the markets.

The recent bank crisis inspired a degree of wariness among investors.

And while my niche doesn’t directly relate to the bank issue, three out of four stocks follow the market.

Which means, if there’s bearish sentiment, there will be fewer spikes in my niche. In addition to that, any potential spike will likely top out earlier than a spike during a bull market.

We’ve got to keep our expectations in check. That’s how pro traders protect their accounts in choppy markets.

I can’t take more than the market is willing to give me.

My job is to show up, play the patterns as I see them, and protect my brokerage account.

Either way, I’m trading safely.

I’m seeing lots of spikes with no follow-through…

I’m sticking to my rules and you should too. I like trading multi-day runners, which gives me confidence that they will bounce well off of the panics I like to trade.

There are still opportunities in this choppy market. Just make sure to keep your risk tight.

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

My top penny stock recommendations to watch this week are:

• (OTCQX: ABML)  — American Battery Technology Co. — The EV Battery Dip Buy Penny Stock
• (NASDAQ: XPON) — Expion360 Inc. — The EV Battery Multi-Day Runner Penny Stock
• (OTCPK: STAB) —  Statera Biopharma, Inc. — The OTC Acquisition News Penny Stock
• (OTCPK: EPAZ) — Epazz Inc.  — The AI Drone Government Contract Hopeful Penny Stock
• (OTCQB: GTII) — Global Tech Industries Group, Inc.  — The Pump All-Star Penny Stock

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 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.

1. American Battery Technology Co. (OTCQX: ABML) — The EV Battery Dip Buy Penny Stock

My first penny stock pick is American Battery Technology Co. (OTCQX: ABML).

The EV sector has historically provided fantastic trade opportunities.

It all comes down to the news …

The reasons for ABML’s recent moves is its discovery of a massive lithium deposit. It’s one of the largest in the U.S.

Lithium is a major component of the batteries used in electric vehicles today. And while the small-cap EV sector’s been a tad quiet, demand for EVs grows yearly.

As choppy as the EV sector has been in the past year, it’s still got a bright future. There will be more opportunities in this bright future, both on ABML and other tickers.

That’s why I keep this stock on my watchlist even though it’s trading way off of highs right now.

It’s possible the main spike is over. But these small-cap runners provide multiple opportunities to profit. Both on the front end of the move and the back end.

I’ve traded the most recent spikes 6 times. Not all of these trades were wins, but they still added to the $21,903 in lifetime profits I’ve made on this stock (click the link to see my individual trades).

In the stock market, there are winners and losers.

These groups have one thing in common —they both have losing trades.

The difference is that the overall winners are disciplined enough to cut a loss if the trade fails.

2. Expion360 Inc. (NASDAQ: XPON) — The EV Battery Multi-Day Runner Penny Stock

My second penny stock pick is Expion360 Inc. (NASDAQ: XPON).

This is another lithium battery play.

It’s been churning out supply contract press releases.

Much like my first pick, I’ve traded XPON quite a few times.

One of my favorite patterns to trade is called a panic dip buy. And XPON is a major candidate.

Here’s the full strategy …

When multi-day runners like XPON get overextended, there are bound to be panics.

The bigger the price drop, the higher the potential bounce. Multi-day runners usually have a built-in base of support.

The price might not break out again, but XPON has gained more than 250% since it first started running in early February. That’s a big range to work with.

3. Statera Biopharma, Inc. (OTCPK:STAB) — The OTC Acquisition News Penny Stock

My third penny stock pick is Statera Biopharma, Inc. (OTCPK: STAB).

This is a huge former runner.

And of course …

https://t.co/gIIuF22exF Former runners can run again, never forget!

— Timothy Sykes (@timothysykes) December 7, 2020

To start 2021, STAB spiked 217%.

So when I heard there was news of a possible merger, I had my eyes trained on this chart.

Mergers can be big news on their own. The fact that it was a former runner only made it tastier.

I managed to squeeze out a small profit of $102 (starting stake $1,620) on a panic dip buy.

There’s a chance the stock continues to spike in the next few days. Especially if we get more news about the merger/acquisition.

4. Epazz Inc. (OTCPK: EPAZ) — The AI Drone Government Contract Hopeful Penny Stock

My fourth penny stock pick is Epazz Inc. (OTCPK: EPAZ).

I’ve traded this ticker multiple times since the beginning of its run in mid-February.

It’s another example of the importance of keeping a watchlist.

I’ve been able to track so well because I’ve been watching since it first announced a potential government contract for AI drones. There are two reasons that I’ve been watching:

• Government contracts are huge catalysts for penny stocks
• The AI sector has been one of the hottest of 2023 and has created a lot of impressive runners

I’m up $2,359 on this stock since the start of the year (click the link for my individual trades).

The chart shows volatile price action over the last few weeks. I’m hoping for more excitement ahead.

And maybe a panic dip buy or two …

5. Global Tech Industries Group, Inc. (OTCQB: GTII) — The Pump All-Star Penny Stock

My fifth penny stock pick is Global Tech Industries Group, Inc. (OTCQB: GTII).

This is a huge former runner from September 2022.

I’ve gained more than $12,000 trading this stock, so I’m always watching (click the link to see my individual trades).

The most recent catalyst to move this stock was an investigation into possible illegal trading activities.

It follows the footsteps of Genius Group Limited (AMEX: GNS), a ticker that spiked 1,400% after hiring an ex-FBI director to investigate their allegations of illegal trading.

This is a perfect example of sector momentum among penny stocks.

All of these companies are sketchy. At the end of the day, what they really want is to increase the value of their stock. And they’ll say whatever they can to make that happen.

When a stock like GNS spikes over 1,000% with a press release that talks about possible illegal trading, you can bet a bunch of other tickers followed suit.

GTII is one of the more successful copycat stocks.

If it puts out another press release we could see more action from this ticker.

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. 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?

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 the premarket to know what’s moving. Penny stocks that know the game often put out PR in the 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

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 the 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.

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?