The top penny stocks list this week includes both listed and OTCs. But my main focus is OTCs. There are so many plays right now. Every day there are amazing spikers or morning panic dip buys. It\u2019s a great training environment. Usually, we don\u2019t see this much activity in the summer. But there\u2019s a lot of trading \u2014 likely stimulus check funded \u2014 happening right now. The important thing is to take advantage of the hot OTC summer market no matter where you are in your journey. If you\u2019re already an experienced trader \u2014 use these hot plays to grow your account. If you\u2019re brand new to penny stocks, watch and study. Go through the 30-Day Bootcamp. If you\u2019ve already been through it, do it again. Here\u2019s my list of penny stocks to watch this week... Top Penny Stocks List: July 19, 2021 Again, I\u2019m watching both listed and OTC stocks this week. I even traded a listed stock last week to try to get a feel for it. More about that in this week\u2019s top tested trading tips. These are the OTCs I\u2019m watching this week... The listed stocks I\u2019m watching include my first listed trade in a while, Verb Technology Company Inc. (NASDAQ: VERB). Check it out\u2026 3 Penny Stocks to Watch This Week These are the top penny stocks on my watchlist. They have some things in common \u2014 and there\u2019s a lesson there. Top Penny Stocks List #1: International Consolidated Companies, Inc. (OTCPK: INCC) International Consolidated is a shell company. In the past, it claimed to invest in medical marijuana companies. Its most recent venture takes it into sound technology. On July 15, the company announced a definitive agreement to acquire SoundTech AI (STAI). STAI founder Andrew Denis said, \u201cWe\u2019ve cracked the code on a brand-new music and sound experience as if the listener is hearing their favorite song for the very first time.\u201d INCC Chairman Antonio Uccello said, \u201cAs tech-entrepreneurs, our team was so impressed by the SoundTech AI's Disruptive Audio Technology and the company's accomplished tech, marketing, and creative management team, we immediately jumped into this culturally transformational venture!\u201d Read the full press release here. Check out the INCC one-year chart\u2026 INCC spiked an incredible 308% in the final 30 minutes of trading on July 14. On July 15, it gapped up, had a quick morning panic, and bounced. Then it dropped more than 50% off the morning high. So why watch it? Two reasons\u2026 First, to learn. I review one of my INCC trades below. There\u2019s a lot to learn from how this stock trades. Second, the next stock on this list had a huge first green day, then a big red day, followed by another big first green day. Can INCC do the same? I\u2019ll watch INCC for potential dip buys into any big panic, ideally in the morning. And I\u2019ll watch for any spikes, ideally with a news catalyst. A word of warning: INCC has a lot of bag holders from the massive tank on May 20. See my trade review below. Top Penny Stocks List #2: Life Clips Inc. (OTCPK: LCLP) Life Clips is another shell company with a vague description of fingers in many pies. The most recent venture \u2026 wait for it \u2026 cryptocurrency. You gotta love OTCs! On July 14, Life Clips announced a definitive agreement to acquire the Belfrics Group. Belfrics CEO Praveen Kumar said, "This is an exciting time for Belfrics. After many years of hard work building a global exchange for cryptocurrency and the most secured trading platform, it is time to spread our wings globally. The acquisition of Belfrics by Life Clips will help expand the reach of both our cryptocurrency platform and our blockchain solutions, which will create an impact worldwide.\u201d Life Clips CEO Robert Grinberg commented, "It has taken a tremendous amount of work to prepare Life Clips for this landmark moment. We are proud to have reached this milestone for our shareholders by becoming current and settling previous liabilities of the Company to the satisfaction of our acquisition candidate. We welcome Praveen and his team to our family and look forward to providing them with the resources to take their world class cryptocurrency exchange and platform to the next level." Read the full press release here. Here\u2019s the LCLP one-year chart\u2026 LCLP had a crazy 2,300% run on July 14. Yes, you read that correctly. On July 15, it had a quick morning panic followed by a 126% spike. That happened in the first 19 minutes of trading. The rest of the day, it faded. But on July 16, LCLP made a comeback and closed up 70% on the day. I\u2019m watching LCLP for potential dip buys into any big intraday panics. See details of my LCLP trades here.* Top Penny Stocks List #3: Moon Equity Holdings Corp. (OTCPK: MONI) Moon Equity Holding (formerly World Oil Group) is a holding company focused on acquisitions in gold and fintech. Makes sense, right? Welcome to penny stocks. MONI (formerly\u00a0 WOGI) spiked in April on news the company canceled 2.1 billion shares of common stock. In May, the company announced a new CEO. Last week, the company pre-announced two mining acquisitions with this tweet. It also announced a name and ticker change to go into effect on July 19. Keep reading, because it\u2019s crazy\u2026 Check out the MONI one-year chart... Before I tell you what I\u2019m watching for\u2026 The company changed its name to Moon Equity Holdings ... in the era of \u201cto the moon\u201d Twitter pumps. Then, consider the new ticker \u2026 MONI. Twitter promoters are already saying \u201cLet\u2019s get the MONI.\u201d Seriously, you can\u2019t make this stuff up.\u00a0 MONI hit a 52-week high of $0.124 on Friday after a clean multi-week breakout. I\u2019ll watch for potential dip buys into any big morning panic. Remember, ride the hype but NEVER believe it. Now it\u2019s time for the weekly... Trade Review This trade was my biggest percent win and biggest dollar win last week. It\u2019s also another example of why I think it\u2019s so important to use StocksToTrade\u2019s Breaking News Chat.** International Consolidated Companies, Inc. (OTCPK: INCC) This trade happened so fast, I wouldn\u2019t have made it without STT Breaking News Chat.** By the time I bought it, it was already up 100%. Some students wondered if I was chasing. In this case, I wasn\u2019t. I\u2019ll explain why, but first, check out the chart with my comments\u2026 INCC chart: July 15 intraday, breaking news spiker \u2014 courtesy of StocksToTrade.com When I trade, it\u2019s not just about price or pattern. There are seven indicators and you have to at least consider all seven. Here\u2019s why I was willing to buy a stock already up 100%... \tThe press release was about revolutionary sound technology. Other stocks with similar news have spiked big in the past. \tThe late-day news created massive volume. \tINCC is a former runner. I chose not to hold it overnight for these reasons\u2026 \tI made 50% on this trade. That's a best-case scenario with most trades. \tMy personal schedule meant I might not be available at the market open to close my position the next day. \tIt has a history of tanking fast. You might remember this chart from May 20, 2021\u2026 INCC chart: 5-day, sub-penny speculative hype and crash \u2014 courtesy of StocksToTrade.com This is why\u2026 It\u2019s Important to Know Your History This is one reason I say trading is a marathon and not a sprint. Learn the five key lessons from the INCC crash on May 20. When you read that post, pay particular attention to the last of the five key lessons. Then go back up to the stocks to watch part of this post. INCC didn\u2019t come back after that tank until July 15. And what made it come back? A press release filled with speculation and hype... \u201cUnder the terms of the agreement, INCC will acquire all of the outstanding SoundTech AI shares for preferred X stock valued at $150 million.\u201d First, don\u2019t trade penny stocks based on fundamentals. Also, NEVER invest long-term in these shady companies. INCC\u2019s 2020 full-year financials show a gross profit of $3,000. Net income was negative $1.4 million.\u00a0 Is STAI really worth $150 million? I won\u2019t try to guess. But if it is \u2026 why isn\u2019t a real company interested in buying it? It\u2019s speculation and hype dressed up in a press release. Monday Motivation \u00a9 Millionaire Media, LLC Financial freedom happens in many different ways. Most millionaires have up to seven streams of income. So don\u2019t limit yourself. Be open-minded, dedicated, and most importantly\u2026 Patient.\u00a0 Don\u2019t think about how much you can make day by day. Focus on learning what serves you best over time. Never forget, I had my biggest loss eight years in because I didn\u2019t learn risk management. If you learn the consequences of not cutting losses quickly, trading illiquid stocks, or taking too big position sizes\u2026 \u2026 within the first eight years\u2026 You\u2019re ahead of me. So learn different strategies. Learn about morning panics, short selling, and first green days. Learn about trading Pok\u00e9mon cards. Study crypto trading. No matter what, stick with it. Also, be willing to follow... This Week\u2019s Top Tested Trading Tip This week\u2019s top tested trading tip is about testing. If you\u2019re not willing to test and\/or practice then how can you expect to adapt to a shifting market? Last Thursday I traded VERB. It\u2019s the first listed stock I\u2019ve traded in a while. So why did I trade it? It was a big winner with tons of promoters. It had dropped from its highs. And I wanted to practice dip-buying. It\u2019s as simple as that. My goal was small \u2014 5%\u201310%. I didn\u2019t even get that. It was a tiny 1.2% win for $260 in profit.* The money you make or lose \u2014 especially in the beginning \u2014 isn\u2019t nearly as important as the process. 20+ years into my trading career I still want to trade better. Test, test, test. Trading Mentor Q&A \u00a9 Millionaire Media, LLC This week\u2019s student question comes from my Trading Challenge webinar on Friday. The question is specific to one stock on one day. But my answer applies to the mindset behind the question. Too many newbies want it to be an exact science. Pay attention\u2026 \u201cIf you were to panic dip buy $LCLP today, what key levels would you be watching for the bounce?\u201d If you start thinking that way, it\u2019s very dangerous. I\u2019d be very careful about trying to plan your entry zones ahead of time. Yes, other traders look at support and resistance. But look at how far it had come in two days. No matter how you slice it, you don\u2019t want to be biased and say, \u201cI need it to go to this price.\u201d\u00a0 Let the stock do what it wants and react. That\u2019s one reason it\u2019s so important to learn Level 2 with OTC panic dip buys. Yes, have a trading plan. But understand it\u2019s not an exact science. You MUST adapt and adjust. As for what to look for to determine the bottom\u2026 I have 1,000+ video lessons on morning panics. Every play is slightly different. But if you watch the video lessons, study, and see it in real time again and again\u2026 Eventually, you\u2019ll feel more comfortable. It just takes time, experience, and risk management. Mindset Mastery \u00a9 Millionaire Media, LLC A student recently asked if it would be better to learn to find stocks \u201cthe harder way without STT for a few months.\u201d To give the student credit, the reasoning was it would increase self-sufficiency. But that\u2019s a flawed mindset\u2026 I often tell students to use me and what I teach as training wheels. After you use the training wheels and get comfortable, then you go out on your own. StocksToTrade is an amazingly powerful scanning platform.** But the best thing about it is it has training wheels built-in. Yes, you can create custom scans. And in time you probably will. But the built-in scans are mine. They\u2019re what I\u2019ve been using for 20+ years. And it\u2019s designed for low-priced stocks. Why would you want the frustration of trying to find big percent gainers and hunt down the news? Focus on the process while using training wheels. StocksToTrade has the news links, the scans, and all the information you need. Use it.\u00a0 \u201cAnother Day, Another School Rebuilt\u201d Once you break free, there\u2019s more to life than money. Giving back is my passion. And that\u2019s why I\u2019m so proud to see another school project with Partners Relief & Development ready to go\u2026 https:\/\/twitter.com\/PartnersRelief\/status\/1415600819316027392 Like and share that tweet. Follow Karmagawa on Instagram. Let\u2019s use social media to make the world a better place. Trading Education This is where your journey begins. If you can change your mindset from making money to learning, there\u2019s hope. New to penny stocks? Start with my FREE penny stock guide. Also, get my best-selling book \u201cAn American Hedge Fund\u201d here at no cost. For the basics of my strategies, read \u201cThe Complete Penny Stock Course.\u201d And if you think you have what it takes, maybe the Trading Challenge is for you. Only apply if you\u2019re willing to study hard. It\u2019s not easy, but it\u2019s where all my top students refined their skills. **Apply for the Trading Challenge Today** Trading Challenge students also get access to my daily watchlists. All successful traders make their own watchlists. Studying mine (and those of other successful traders) is a good start, but you need to learn... How to Create Your Own Penny Stock List Answers to watchlist FAQs... \u00a9 Millionaire Media, LLC How to Use the Top Penny Stocks List Weekly Update When you read the weekly penny stock list (and the monthly watchlist), don\u2019t think of them as hot picks. Frankly, sometimes they\u2019ll be duds. That\u2019s why it\u2019s called a watchlist. Welcome to penny stocks. \ud83d\udc49\ud83c\udffc SUBSCRIBE to my NO-COST weekly stock watchlist here. It all starts with looking for big percent gainers. Try to figure out why I\u2019ve put the stocks on my list. Study so you can help yourself become a self-sufficient trader. Only fools chase hot picks. What do you think about this penny stocks list and weekly update? Comment below, I love to hear from all my readers!\u00a0 Disclaimer *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. The level of successful trading discussed in this article 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.\u00a0 **Tim has a minority ownership stake in StockstoTrade.com.