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Top Reddit Penny Stocks to Watch Now

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Written by Timothy Sykes
Updated 11/28/2022 12 min read

According to Reddit, these are the top penny stocks to trade. Penny stocks are stocks which trade under $5 per share. Penny stocks are also known for their high volatility. This is why they’re great for building small accounts, and why Reddit traders are interested in trading them.

The most famous Reddit-related former penny stock is GameStop Corp. (NYSE: GME).

It isn’t a penny stock anymore, but check out its chart in 2020 …

Even when you factor in its 4-for-1 split, GME was under $5 as recently as August 2020. That’s part of what drew Reddit attention to this stock.

The other factor was the INSANE short interest in this stock. Wall Street types usually assume that penny stocks are garbage. The epic GameStop short squeeze was one time they got it wrong.

This was a formative experience for Reddit traders. It showed them that they could organize and drive the price of ANY stock up. If they focused on penny stocks, more of the small-time traders on Reddit forums would be able to participate.

Now they’re out for blood. These are the penny stocks they’re eyeing right now …

5 Reddit Penny Stocks to Watch the Week of November 14

My top 5 Reddit penny stocks to watch for November are:

  • Meta Materials Inc. (OTCPK: MMTLP)
  • LATAM Airlines Group S.A. (OTCPK: LTMAY)
  • Cann American Corp. (OTCPK: CNNA)
  • Neurobo Pharmaceuticals Inc. (NASDAQ: NRBO)
  • Creatd, Inc. (OTCQB: CRTD)

The market has been trending up in the past month …

But Reddit penny stock favorites like Bed Bath & Beyond Inc. (NASDAQ: BBBY) and Blue Apron Holdings Inc. (NYSE: APRN) have been getting CRUSHED.

Is it because Reddit traders don’t have the sway they once had? Or maybe they’re just getting smarter …

I teach my Challenge students the right way to play the penny stock game. It isn’t by falling in love with these tickers …

You have to learn the right patterns to trade them with. Patterns like the ones I’ve been teaching for a decade now …

The same patterns that built my $7.4 million in lifetime earnings.

I’m just watching the stocks on this list. There’s no guarantee I’ll trade them.

I’m saving my ammo for the right moment. Keep your eyes open, these are your targets.

Best Reddit Penny Stocks for November 2022

These are the top 5 Reddit penny stocks to watch in November 2022 …

All of them have potential. When the right opportunity strikes, you want to be watching.

#1: Meta Materials Inc. Preferred Shares (OTCPK: MMTLP)

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My first Reddit penny stock pick is Meta Materials Inc. (OTCPK: MMTLP).

If you’ve seen this name before, it’s because MMTLP is still my top watch. Its promoters are working overtime …

And I love it.

These preferred shares of MMTLP came out of nowhere in October, posting 350% gains through the month. Now they’re once again knocking on $7.50–7.60 multi-day resistance levels.

My Challenge students can watch this webinar to see why I think MMTLP might break through resistance …

I’m not too worried if it can’t. I’ve been trading intraday panics for a total gain of $860 over the past month.

Key points about MMTLP…

  • MMTLP shares will be converted into shares in MMAT’s Next Bridge Hydrocarbons oil and gas spinoff once that plays out. What’s funny is these pumpers actually have the brainless confidence to say that MMTLP’s current shareholders “have vowed” to buy MMAT stock when that happens!
  • MMAT’s chart has been following MMTLP for the most part. But sub-par Q3 earnings only affected MMAT, not MMTLP.

This stock is fairly illiquid, so I’m trading it safely. Have a plan to take profits — and an exit strategy if your risk breaks!

#2: LATAM Airlines Group S.A. (OTCPK: LTMAY)

My second Reddit penny stock pick is LTMAY.

This South American airline stock has been trending up for the past month — by about 650%!

It’s had good news over the past few months. It exited Chapter 11 bankruptcy, and its pandemic rate of quarterly losses is down. It even avoided a big pilot strike minutes before the deadline.

But that’s not the biggest news

A November 15 shareholder meeting should confirm a 99% share dilution.

That isn’t all. The OTC price of around $0.70 is out of step with LATAM’s stock price on its home exchange — by about 10,000%! With the deluge of new shares, this puts LATAM’s implied market cap higher than $300 billion …

That’s more than the entire U.S. airline industry combined.

Key points about LTMAY…

  • LATAM is the biggest airline in South America.
  • At the time of writing, LATAM shares on the Santiago Stock Exchange are worth about $0.0065. This yields a more reasonable valuation for the company of around $5 billion.

LTMAY’s run isn’t the first time penny stocks have acted irrationally. I paid careful attention to the Level 2 data in my recent small win.

#3: Cann American Corp. (OTCPK: CNNA)

My third Reddit penny stock pick is Cann American Corp. (OTCPK: CNNA).

This sub-penny stock came out of nowhere last month and spiked on news that it would be acquired …

It was my Weekend Trader trade on the weekend of October 21. It didn’t make the kind of move I thought it could make, and I STILL locked in a nearly 38% profit …

That’s a $1,089 gain on a starting stake of $2,871!

If you want to check out my KILLER weekend strategy, sign up for the Weekend Trader package now.

Instead of announcing a reverse merger after their October 21 tweet, CNNA went on an acquisition run.

First they bought a majority stake in a video game company. Then they decided to enter the defense sector.

It’s been a long time since CNNA was just another pot penny stock.

Key points about CNNA…

  • CNNA is talking about synergies in their video game and cannabis delivery business lines. I just see a bit of pumping going on.
  • The promised reverse merger has only led to more self-promoting tweets.

So far, CNNA has been unable to build on its spikes. I’ll keep watching them for follow-up spikes, but they’ll probably need more volume and better news first.

#4: Neurobo Pharmaceuticals Inc. (NASDAQ: NRBO)

My fourth Reddit penny stock pick is Neurobo Pharmaceuticals Inc. (NASDAQ: NRBO).

NRBO is a junky biotech that just completed a new share offering

In doing so, it flooded its tiny float of 500,000 with an additional 2.6 million shares. Of course, that tiny float was the only reason this stock was interesting in the first place!

NRBO came onto Reddit radar in September, after a 1-for-30 reverse stock split. This sent the stock from $0.55 to $19.30 overnight …

It ran another 230% before tapering off.

Post-dilution, NRBO is back in the $1s.

So why do I have it on my watchlist? Two words: January effect.

Key points about NRBO…

  • NRBO followed up the reverse split with partnership news on September 15, which led to a smaller spike.
  • There’s been no real news since. What’s led to the more recent spikes? NRBO has become a low-float chat pump favorite.

The January effect happens when tax-loss selling sends the price of a loser like NRBO down even further. At that point, any news could spike it … especially with its heavy short interest.

#5: Creatd, Inc. (OTCQB: CRTD)

My fifth Reddit penny stock pick is Creatd, Inc. (OTCQB: CRTD).

CRTD has had a wild couple of months. It delisted from the Nasdaq in September, did a new share offering in its couple of weeks as a pink sheet, then uplisted to the OTCQB market.

Its price kept falling … Redditors said that the same shorts that had targeted GTII and FNGR were behind a “short attack” on CRTD.

In the past month, CRTD has gained about 3,400%!

Key points about CRTD…

  • If three exchanges this year weren’t enough, CRTD is filing for a dual listing on the blockchain-powered exchange Upstream. This is interesting — Upstream doesn’t allow shorting.
  • CRTD is in every buzzy media-related sector you can imagine, from podcasts to NFTs to stocks to Web3.

Despite its strong October, CRTD has shown some weakness. I’m keeping an eye out for a potential dip buy.

See the Penny Stocks I’m Watching

Want to know which stocks I’m watching each week?

Subscribe to my no-cost weekly watchlist. I’ll send my list of the top stocks to watch to your inbox every Sunday.

If you want even more stocks to watch, read my Top Penny Stocks List Weekly Update.

I also send my daily watchlist and game plan to Profit.ly subscribers every morning. There are three ways to get it — choose your Profit.ly subscription here.

But I don’t want you to blindly follow stock picks and alerts from anyone — including me. Learn the reasons behind my trades and stock picks. Then learn to find your own.

The Final Word on Reddit Penny Stocks

Reddit chat rooms have the potential to push stocks higher. They can create giant short squeezes and supernovas. We’ve seen it happen in the past.

And although the past doesn’t repeat itself exactly, it often rhymes.

I’m in no way saying run out and buy these Reddit penny stocks. The chat rooms can be full of promoters and bots just as much as Twitter. But stocks with high volume and hype could present opportunities. So watch them for potential plays.

But always have a trading plan and stay disciplined. And never believe the hype. Become self-sufficient like my 20+ millionaire students…

Not sure which pattern or strategy is best for you? Watch the market, practice by paper trading on StocksToTrade, and study hard!

Want access to my top educational resources? Apply for my Trading Challenge Today

Which of these Reddit penny stocks do you think has the most potential? Let me know in the comments … I love to hear from you!

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”