Hot catalysts and Twitter pumps drive this month\u2019s top penny stocks to watch... But I\u2019m not chasing any plays or being too aggressive. Summer is typically the slowest time in the market, so I\u2019m picking only A+ setups. And September and October might not be much better. Historically, that\u2019s when market crashes can happen\u2026 So now\u2019s the time to be disciplined and protect your account. Focus on stocks with catalysts that are working in the current market environment. Right now that\u2019s stocks with OTC \u2018pink current\u2019 news and mask plays. Even junk penny stocks entering the crypto space are spiking. That\u2019s why these stocks made it on my list of top penny stocks to watch in August 2021... Every day, I create a watchlist of five to 15 stocks to watch. Then I do a quick write-up of what I\u2019m looking for and why I\u2019m watching the stock. The watchlist then goes out to my students on Profit.ly. (Sign up for my FREE weekly stock watchlist here.) Let\u2019s get to the list... Top 5 Penny Stocks to Watch August 2021 \u00a9 Millionaire Media, LLC Catapult Solutions Inc. (OTCPK: CPSL) CPSL doesn\u2019t have any significant business operations. It\u2019s a former custodianship play. On July 23, the CEO of the custodianship company resigned and sold the majority of shares to a private Japanese company and Next Meats Holdings, Inc. (OTCPK: NXMH). Read the SEC report here. Now the stock\u2019s a huge Twitter pump. It ran for multiple days on the news. The higher it goes the more potential for a big panic. CPSL chart: 1-year, OTC multiday breakout with news \u2014 courtesy of StocksToTrade.com I\u2019ll watch it for a potential dip buy into any big morning panic or, ideally, a morning spike with news and big volume. It\u2019s choppy, so not my favorite to trade, but I'll watch it loosely in case it fits one of my patterns. Net Savings Link Inc. (OTCPK: NSAV) NSAV is a crypto, blockchain, and digital asset tech company. On July 26 the company announced its cryptocurrency exchange is on schedule to launch on August 9. Read the press release here. The stock broke out to new 52-week highs on July 29 and had an impressive continuation move on July 30. It could go higher and be a \u2018buy the rumor, sell the news\u2019 type play. But I won\u2019t chase it. I\u2019ll watch for a potential dip-buy into a big panic. Cyberlux Corp. (OTCPK: CYBL) CYBL is a lighting company that previously ran on hype about government contracts that were old news. Recently it ran on news that it\u2019s working to get pink current status on OTC markets. The company filed its 2019 report on July 29. You can read it here. This type of news has spiked a lot of OTCs since the SEC implemented the September 28 deadline for companies to file current reports. It\u2019s also getting pumped on Twitter and in Discord chat rooms. I\u2019ll watch for a potential dip-buy into any big morning panic. But it\u2019s not the biggest percent gainer like I prefer, so just watching for now. KYN Capital Group Inc. (OTCPK: KYNC) KYNC\u2019s another crypto stock. It\u2019s a holding company for crypto, blockchain, and digital payments. Koinfold, its payment gateway, lets businesses accept crypto for online transactions. The company recently hired ArtistRelations.com as a consultant to promote its Koinfold app in the music and entertainment industry. I\u2019ll watch this recent spiker for potential dip-buys into any big morning panics. Allied Healthcare Products, Inc. (NASDAQ: AHPI) AHPI is a medical device company and the hottest mask stock in the market right now. The stock was up over 60% on July 30 as part of a giant short squeeze. The gains were also due to new reports that the COVID-19 variant\u2019s as contagious as chickenpox and the CDC\u2019s new mask mandate for public spaces, including vaccinated people. The stock\u2019s low float of fewer than four million shares means it can have volatile moves. If it gets over $11.60 it could have a massive short squeeze. That\u2019s it for the best penny stocks to watch for August 2021. Here are some tips on choosing stocks for your watchlist. Also, some answers to frequently asked questions... How to Use This Penny Stocks Watch List \u00a9 Millionaire Media, LLC Keep in mind that my strategies involve trading some of the fastest moving, most volatile stocks in the entire market. That said, some of the stocks on this list could be completely out of play by the time you read this. (Yes, even after only one day, stocks sometimes leave my list.) The point is \u2026 don\u2019t use this list as a signal to buy any stock. I don\u2019t put stocks on my watchlist based on fundamentals. It\u2019s not that I don\u2019t look at fundamentals. But I\u2019m not gonna lie to you. (Like so many other \u2018top penny stocks to watch\u2019 articles.) I won\u2019t tell you to buy and hold a stock because \u201cthe market is undervaluing this stock.\u201d Frankly, that kind of thinking with penny stocks is \u2026 total BS. Most penny stocks fail. Just like most traders \u2014 roughly 90% \u2014 lose. So use this list \u2014 and each of my monthly penny stocks to watch lists \u2014 as a tool for learning to create your own watchlist. Can You Trade Penny Stocks? If you\u2019re brand new to penny stocks a great place to start is with my FREE penny stock guide. Once you go through the entire guide, I suggest you read \u201cThe Complete Penny Stock Course\u201d written by my student Jamil (I wrote the forward). That book answers so many of the most frequently asked questions that it blows my mind more people haven\u2019t read it. With the internet and online brokers, you can trade penny stocks from anywhere in the world. As far as the basic requirements, you only need a decent laptop, solid Wi-Fi, and a trading account. But don\u2019t be fooled into thinking you\u2019re gonna succeed if you jump right in. Why? Because 90%+ of traders lose. So be willing to invest in your education \u2014 because if you don\u2019t, the market will make you pay a much higher price Now for five tips on how to choose the best penny stocks to watch... 5 Tips on How to Choose the Best Penny Stocks to Watch Tip #1: Look for Big Percent Gainers My method of choosing which penny stocks to watch always starts here. At the end of every day \u2014 and again in premarket \u2014 I look for the biggest percent gainers. And that\u2019s what I focus on. I\u2019m not interested in stocks that aren\u2019t on the move. I use StocksToTrade stock scanning software. With 40+ built-in scans \u2014 some created specifically for my strategies \u2014 it\u2019s amazing right out of the gate. Yes, you can also create custom scans. (Hint: when you start using the software there\u2019s a bunch of training videos on how to set those up. Take advantage.) Tip #2: Look for Big Volume The next thing to look for when choosing the best penny stocks to watch is trading volume. Sometimes a stock makes a big percent gain, but the trading volume is so low it doesn\u2019t make sense to trade it. One of the top penny stocks to watch this month, Rivex Technology, is tough to trade because the volume is so low. So after I find the big percent gainers, I organize them according to trading volume. Be aware of dollar volume traded, too. If you have a true penny stock trading at 2 cents a share, and it trades one million shares, that\u2019s still only $20K. You have to be meticulous. Tip #3: Look for a News Catalyst The next thing I look for when choosing penny stocks to watch is what\u2019s making it move? Is there a press release announcing a new contract? What about positive earnings? In biotech and pharma penny stocks you might see news of test results. Read this post to learn more about catalysts. (Also read chapter II.7 Understanding Catalysts in \u201cThe Complete Penny Stock Course.\u201d If you already have the book \u2026 it starts on page 183. If you don\u2019t have it \u2026 get it now.) Tip #4: Look at the Long-Term Chart When you\u2019re trying to find the best penny stocks to watch, it\u2019s easy to get fooled by one-day or one-time spikers. So look at long-term charts to see if the stock has a history of multi-day runs or has gone supernova in the past. Which long-term charts? As many as you have time for, really. But at the very least, look at the one-year chart. I like to look back a couple of years depending on the stock and the news. If the stock trades a certain way when the company announces a big contract, I want to know. Tip #5: Use the Twitter Scanner on StocksToTrade This might sound a little strange if you\u2019re new to penny stocks. But if you want to understand which penny stocks to watch, one of the best ways is to see what others are watching. Or, more accurately, hyping. Yes, Twitter has become a vehicle for influence with stock traders. Want to know which penny stocks are being heavily shorted because they\u2019re up 50%? Check out Twitter. Use StocksToTrade because the scanner is built-in. All you have to do is open the Twitter scanner and, voila, you get a running feed of stock tweets. And you can customize the feed if you like. Frequently Asked Questions About Penny Stocks \u00a9 Millionaire Media, LLC I get a lot of questions from students. Thing is, my students already accept that penny stocks provide a massive opportunity. And they\u2019re studying to learn the strategies and rules. But there are a lot of misconceptions about penny stocks. And I want to address a few of those now\u2026 If Most Penny Stock Companies Fail, Why Not Just Short Sell? Because it\u2019s a very dangerous, overcrowded game right now. The level of risk so many moron newbie short sellers take these days is unconscionable. It\u2019s completely crazy. Of course, you can be successful as a short-seller. Many of my top students focus on short selling and I\u2019ve personally made millions from short selling. But the number of messages I get almost daily from short-sellers getting caught in short squeezes is \u2026 scary. How Much Money Do I Need to Get Started? I\u2019m going to say, again, invest in your education first. It doesn\u2019t take a huge amount of money to get started trading. Different brokers have different account minimum requirements. (I use these brokers\u00a0and avoid offshore brokers altogether.) But the market will make you pay more if you aren\u2019t prepared. Preparation is key. The stock market is a battlefield, so arm yourself accordingly. Keep in mind that my top students all studied hard over time to get consistently profitable. Tim Grittani \u2014 arguably the best penny stock trader in the world \u2014 didn\u2019t make anything for nine months. So before you fund a trading account, fund your knowledge account. If you\u2019re not quite ready for the Trading Challenge, try Pennystocking Silver. It gives you access to more than 6,000 video lessons. (You also get access as a Trading Challenge student, of course.) Conclusion \u00a9 Millionaire Media, LLC Your goal as a trader is to become self-sufficient. And my goal is to be the mentor to you that I never had. So I hope you\u2019ll take this list of the best penny stocks to watch in August 2021 and use it as a learning tool. \ud83d\udc49\ud83c\udffcSUBSCRIBE to my FREE weekly stock watchlist here. Focus on the process. The best way to learn which penny stocks to watch is to make a daily watchlist yourself. Follow the five tips above. It doesn\u2019t matter if every stock on your list is not perfect. Or doesn\u2019t play out the way you thought. You get better by making your daily watchlist and then seeing what happened during the trading day. Remember\u2026 ... this list of penny stocks to watch is NOT a recommendation to buy penny stocks. Also, my results are not typical and I\u2019ve developed exceptional skills over two decades of trading. What do you think of the top penny stocks to watch in the August 2021 watchlist? Comment below, I love to hear from all my readers! Disclaimer: *Tim\u2019s trading results are not typical and do not reflect the experience of the majority of individuals using the service.\u00a0 This level of successful trading is not typical and does not reflect the experience of the majority of individuals using the services and products offered on this website.\u00a0 From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit. While Tim Sykes has enjoyed remarkable success trading stocks over the years, his primary income derives from the sale of financial education products and subscription services offered by various businesses and websites in which he has an ownership stake. **Tim Sykes has a minority ownership stake in StockstoTrade.com.