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Watchlists-Penny Stock Investment Strategy

My 10 Top Stocks to Trade Now in 2024

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Written by Timothy Sykes
Reviewed by Friedrich Odermann Fact-checked by Ed Weinberg
Updated 6/11/2024 20 min read

My 10 top stocks to trade in 2024 have THIS in common…

They’re definitely not stocks for investing. In fact, I wouldn’t even trade them unless they stumble into the right setups…

That said, these stocks can yield enormous returns if you know how to trade them. That’s what this list is all about.

Let’s get to it!

My Top 10 Stocks to Buy This Year (2024)

My top stocks to buy in 2024 are:

  • NASDAQ: LIDR — Aeye Inc — The Autonomous Vehicle AI Stock
  • NASDAQ: ONMD — OneMedNet Corporation — The Medical Data AI Stock
  • NASDAQ: SYTA — Siyata Mobile Inc — The AI-Powered Handset Maker
  • NASDAQ: CYN — Cyngn Inc — The Driverless Tech FFIE Sympathy Play
  • NASDAQ: AWIN — AERWINS Technologies Inc — The Micromobility Meme Stock on Short Squeeze Watch
  • NASDAQ: HOLO — MicroCloud Hologram Inc — The Meme Stock With an AI Pump in its Past
  • NASDAQ: PRZO — Parazero Technologies Ltd — The Drone Safety Penny Stock
  • NASDAQ: WISA — WiSA Technologies — The Wireless Sound Penny Stock With Partnership News
  • NASDAQ: RENT — Rent the Runway — The AI-Powered Fashion Stock
  • NASDAQ: ONFO — Onfolio Holdings Inc — The Holding Company With an AI Pump in Its Past

Before you send in your orders, take note: I have NO plans to trade these stocks unless they fit my preferred setups. This is only a watchlist.

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.

Sign up here to get my NO-COST watchlist sent to your inbox every Sunday!

1. Aeye Inc (NASDAQ: LIDR) — The Autonomous Vehicle AI Stock

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My first 2024 penny stock pick is Aeye Inc (NASDAQ: LIDR).

This is an AI runner that might become instrumental in the self-driving revolution. The “eye” is related to its LiDAR (light detection and ranging) technology: The cameras that help cars drive.

My students and I are banking off of this multi-day runner right now.

Here’s an example of a profit that I pulled from LIDR on May 24, with a starting stake of $22,490:

Source: Profit.ly

The best part about these plays: The massive percent gain is accessible for small-account traders due to the cheap share price.

Here’s one that my student pulled off:

LIDR’s multi-day volatility makes it a perfect trade setup for me and my students. And it’s not over yet. Prices are still consolidating …

Keep an eye on Breaking News for any other big moves!

2. OneMedNet Corporation (NASDAQ: ONMD) — The Medical Data AI Stock

My second 2024 penny stock pick is OneMedNet Corporation (NASDAQ: ONMD).

On May 23 during premarket hours the company announced more than a five-fold growth of its iRWD network.

iRWD is a service that aims to connect and utilize real-world repositories (RWD) of existing healthcare clinics.

The system also “de-identifies” the data, making it accessible for medical studies while preserving the privacy of patients. And AI is at the heart of the network.

As a result of the news, take a look at the 550%* spike below. Every candle represents five minutes:

ONMD chart multi-day, 5-minute candles Source: StocksToTrade

I traded it on day two for a 15% profit.

My trade notes are below, with a starting stake of $5,806.

Source: Profit.ly

The chart shows a breakout level around $3.

Here’s how a trader should approach this setup: Set an alert on StocksToTrade around the $2.50 level. If prices can push above that resistance, we could see it test $3 and work toward a multi-day breakout.

3. Siyata Mobile Inc (Nasdaq: SYTA) — The AI-Powered Handset Maker

My third 2024 penny stock pick is Siyata Mobile Inc (Nasdaq: SYTA).

This company makes reliable radios for two-way communication. It’s touted as more secure and reliable than cellular interaction while on the job.

Take a look at the company’s product website below:


As for its connection to artificial intelligence … The company’s radios use AI to help with background noise cancellation.

On May 22, the company announced it delivered hundreds of SD7 radios and accessories to luxury resorts in Nassau, Bahamas after a successful trial run.

The stock spiked 100%* as a direct result. But the momentum didn’t last long and it gave back ALL of its gains by the end of the day.

That’s why it’s important to follow my trading framework and take gains! My students and I don’t invest in these companies. We’re here to trade the short-term volatility.

I pulled 5% from the SYTA spike before sellers took control.

My trade notes are below, with a starting stake of $11,220:

Source: Profit.ly

There are likely a TON of bagholders from the spike on May 22. I’m wary of a follow-up move unless the stock spikes with a massive trading volume.

The stock traded 45 million shares on May 22 … If it pushes to new highs, I’m looking for a trading volume that’s similar or larger to push through all the bagholders.

4. Cyngn Inc (NASDAQ: CYN) — The Driverless Tech FFIE Sympathy Play

My fourth 2024 penny stock pick is Cyngn Inc (NASDAQ: CYN).

In May we saw one of the biggest stock spikes EVER.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) spiked 9,600%* in a single week.

When we see a stock spike like that, it often sends ripples of bullish momentum through the market. And it causes sympathy-play stocks to spike.

Sympathy plays are stocks in the same sector and of a ‘similar size’ as the original runner.

When FFIE turned full supernova on May 16, CYN, another automobile stock trading under $1, started to push higher.

In total, CYN spiked 120%*. I pulled a 15% profit. My trade notes are below, with a starting stake of $7,125:

Source: Profit.ly

This stock is still holding some of its gains!

On May 16 the company had also announced scaling up its autonomous vehicle solutions in 2024.

It’s possible the increased operations will lead to more bullish press releases in the near future. Keep this stock on your watchlist.

5. AERWINS Technologies Inc (NASDAQ: AWIN) — The Micromobility Meme Stock on Short Squeeze Watch

My fifth 2024 penny stock pick is AERWINS Technologies Inc (NASDAQ: AWIN).

In May we saw a resurgence of meme stock volatility thanks to Keith Gill’s long awaited return to X under the social media tag: Roaring Kitty.

Gill posted a cryptic message to X on Sunday, May 12 after a multi-month hiatus. And the next day, popular meme stocks like GameStop Corporation (NYSE: GME) started to spike again.

I wrote about the whole story in this blog post.

AWIN’s May spike started as a meme squeeze. The price spiked 260%* on May 15 — I traded it for a 16% profit.

My trade notes are below, with a starting stake of $8,008:

Source: Profitly

The price sank after the first day of spiking.

But it started up again on May 28 after the company announced an EPS of $12.12.

So far the stock managed to spike 140%*. There could be more juice in the tank.

Match the price action to my 7-Step Framework.

6. MicroCloud Hologram Inc (NASDAQ: HOLO) — The Meme Stock With an AI Pump in its Past

My sixth 2024 penny stock pick is MicroCloud Hologram Inc (NASDAQ: HOLO).

In 2023 it spiked twice, 650%* and 350%*, thanks to the AI-industry momentum.

In February 2024, HOLO spiked 6,400%* in a massive short squeeze.

That’s what made it a meme stock …

When Keith Gill reignited the meme momentum in the middle of a red-hot 2024 AI market, HOLO was a no-brainer stock to watch.

The price spiked 140%* alongside the other meme runners like GME.

I was in the right place at the right time and I pulled an 8% profit, with a starting stake of $8,150:

Source: Profit.ly

In case the meme momentum comes back … HOLO has a spot at the top of my watchlist.

7. Parazero Technologies Ltd (NASDAQ: PRZO) — The Drone Safety Penny Stock

My seventh 2024 penny stock pick is Parazero Technologies Ltd (NASDAQ: PRZO).

This is a big runner from April. The stock spiked 130%* as a result of increased tensions between Israel and Iran.

Take a look at the chart below, every candle represents one trading day:

PRZO chart multi-month, 1-day candles Source: StocksToTrade

Unfortunately, the war in the Middle East continues.

I always hope for peace between all people! It’s never my intention to root for conflict.

But as a trading mentor, it’s also my job to point out the best trade opportunities. Sometimes as a result of rising geopolitical tensions.

As the conflict continues in the Middle East, stay vigilant. PRZO could offer a follow-up spike at any time …

8. WiSA Technologies (NASDAQ: WISA) — The Wireless Sound Penny Stock With Partnership News

My eighth 2024 penny stock pick is WiSA Technologies (NASDAQ: WISA).

This company boasts about its sound products for “intelligent devices” and home entertainment systems.

The mention of intelligent devices alludes to artificial intelligence. And on the front of the company’s page is the NVDA logo (the market’s #1 AI powerhouse right now).

Take a look below:


Share prices already spiked 520%* in April.

I traded that move three separate times for a total profit of $2,775.*

And on May 9, the company announced a partnership with CITECH to combine WiSA’s technology with CITECH’s line of media streamers. CITECH also plans to use WiSA’s technology in a line of speakers.

The stock didn’t spike much in response to the news …

But we know that the stock CAN spike thanks to the April move. And we know that the company can send out bullish press releases thanks to the May 9 announcement.

Eventually, those two factors should line up for another glorious spike.

9. Rent the Runway (NASDAQ: RENT) — The AI-Powered Fashion Stock

My ninth 2024 penny stock pick is Rent the Runway (NASDAQ: RENT).

On April 11, the company announced quarterly revenue numbers along with upbeat comments from the company’s top officials.

It was described that RENT was finally turning a corner toward profitability.

But as a penny stock whose company allows users to rent or buy designer apparel … I had my doubts.

Regardless of the long-term reality behind this trashy stock, the chart shows an impressive multi-month run. Take a look below, every candle represents one trading day:

RENT chart multi-month, 1-day candles Source: StocksToTrade

The whole move measures 460%*.

And as you can tell, the price is still elevated. There’s a chance it consolidates and pushes toward the highs. Especially considering the float is only 2 million shares.

Stocks with a low float (low supply of shares) can spike higher when demand increases.

It’s the simple law of supply and demand.

And it’s why we focus on low-float runners. When it comes to penny stock trading, our goal is to find stocks with a float below 10 million shares.

RENT definitely fits the bill.

10. Onfolio Holdings Inc (NASDAQ: ONFO) — The Holding Company With an AI Pump in Its Past

My tenth 2024 penny stock pick is Onfolio Holdings Inc (NASDAQ: ONFO).

On January 4, the company announced it would acquire RevenueZen, a search-engine optimization company focused on dealing with new challenges posed by AI.

The news didn’t gain much traction, but it solidified itself as a potential AI runner.

Then, shares started to spike on Monday, May 20 as the company announced quarterly revenue data.

For the fourth quarter of 2023, ONFO reported -$0.14 EPS and a revenue of $1.59 million. Believe it or not, this was good news — the company is getting closer to profitability.

Thus far the spike measures 150%*. And prices are consolidating near the highs. Plus, StocksToTrade shows the float is only 3.2 million shares.

This AI pump earnings winner has all the elements it needs to spike higher. Let’s see what happens …


*Past performance does not indicate future results

Is Now the Right Time To Trade Stocks?

Now is the right time to trade stocks… IF the following things are all true:

  • You’ve studied chart patterns
  • You maintain several watchlists
  • You’ve built a good trading plan
  • You’re disciplined enough to follow your trading plan
  • You take small gains, and cut your losses quickly

Get it? Self-sufficient traders can trade in any market. Work on your trading skills, not picking hot stocks.

In the end, the only results that matter are the ones in your trading account.

It all starts with your watchlists. I keep several watchlists, so I can track different market trends.

That way, if one sector suddenly gets hot, I can quickly pivot and find the best trading opportunities…

These are the top stocks I’m watching this month!

How to Choose the Best Stocks to Trade

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Choosing the best stocks to trade isn’t like rolling dice. You’ve got to do your due diligence — that involves research, technical analysis, and chart study.

Avoid the hype and bad information around penny stocks. Most of these companies are sketchy. That’s why their prices are cheap.

They are not “going to the moon” anytime soon. Just hitch a ride with them until they hit resistance or your goal.

And cut your losses quickly!

What are the Different Types of Stocks?

There are a ton of different types of stocks.

I teach my students to think in terms of hot sectors and cap size. The thing we really care about are hot sectors — like artificial intelligence, EV stocks, and even niche sectors like Chinese IPOs.

Check out my artificial intelligence penny stock watchlist here!

Market cap (the total value of all shares of a stock) is also a big differentiator. These are the categories:

  • Mega-cap: $200 billion and up
  • Large-cap: $10 billion–$200 billion
  • Mid-cap: $2 billion–$10 billion
  • Small-cap: $250 million–$2 billion
  • Micro-cap: Under $250 million

The market is a game of supply and demand. When demand increases, stocks with a smaller supply will make bigger price moves.

That’s why market cap matters. A stock like Bank of America Corp (NYSE: BAC) is under $30 per share…

But  it’s a mega-cap stock. It won’t make a big move unless it has some earth-shaking news.

Check out my article on small-cap stocks here!

Lastly, let’s talk about growth stocks, dividend stocks, and value stocks.

Growth stocks are the analyst favorites, with sales, revenue, and earnings constantly on the rise. The business behind them usually attracts a good amount of customers. Their future growth estimates and profit target are probably several times what they are now.

Dividend stocks are investments, not stocks I recommend for trading. They generate income — but these returns can’t match what small-gains trading can bring in. They’re not exactly “safe” either — look into a CD or ETFs if you’re looking for that.

Value stocks have more in the way of fundamental strength, but they’re overlooked by analysts and the markets.

Read more about value stocks here!

Know the Risks Before You Buy

Tim Sykes in a boat in Italy checking the stocks on his top penny stocks list
© Millionaire Media, LLC

You can’t avoid risk — but you can manage it.

I trade very sketchy stocks. The way I manage risk is by knowing these stocks are sketchy.

That means reading analyst opinions even if you don’t follow them. Is the company management shaky? Are their products and services lacking? Is their entire advertising budget going to Twitter promoters?

Well, then maybe you shouldn’t hold them overnight.

Final Takeaways

© Millionaire Media, LLC


The only thing you can do quickly in the market is blow up your account.

Trading isn’t about riding the hype train best — it’s about understanding the data, capitalizing on volatility, and following your trading plan.

Inflation and mortgage rates are things that investors worry about. We’re not maintaining a successful portfolio, we’re stacking small gains.

The world of trading has as many strategies as there are traders. I’ve found that the most profitable strategy for small-account traders is a very conservative one. During turbulent markets with high potential for a recession, I leave the home runs to others — I’m most concerned about protecting my account.

Aim small, miss small. That’s the only way you can get trading to deliver on your greater goals.

If you’re ready to embark on this journey, I’ve got a lot more to teach…

It’s all in my Trading Challenge. That’s where I share my trades, current strategies, daily watchlist, and over 6,000 video lessons! It’s everything I wish I knew when I was starting out.

We don’t accept everyone.

If you think you’ve got what it takes, apply today.

How do my top stocks to buy compare with your list? Let me know in the comments!

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Author card Timothy Sykes picture

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”