Top Penny Stocks List and Weekly Update: June 21, 2021

Welcome to the first in my new series. Instead of making the weekly top penny stocks list and update two posts, from now on, they’ll be one.

Why the change from a separate watchlist and Millionaire Mentor Update to one post?

As a trader, you have to learn to adapt to the market to be successful over time. The same goes for my job as a teacher.

My team and I are always trying to optimize. We often ask, “What can we do to better serve students and readers?” So, rather than thinking of this as the end of the Millionaire Mentor Update, think of it as me adapting.

Now, every Monday, you’ll get a watchlist, write-up of three stocks I’m watching, and top trading tips. Plus… start every week with a healthy dose of Monday Motivation.

Ready? Let’s do this, starting with…

Top Penny Stocks List: June 21, 2021

Below are some of the stocks I’ll watch this week. As always, read the entire post for information about how to make your own watchlist. (Hint: it all starts with looking at big percent gainers.)

OTC Top Penny Stocks List

These are the OTCs I’m watching to start the week…

And here are the listed stocks I’m watching…

Listed Top Penny Stocks List

3 Penny Stocks to Watch: June 21, 2021

Watch these stocks…

All are potential dip buys for me, especially the first stock on this week’s list. Always pay attention to multi-day runners as they create the perfect setup for panic dip buys.

Top Penny Stocks List Weekly Update #1: Lightwave Logic, Inc (OTCQX: LWLG)

Lightwave Logic focuses on speeding up existing internet infrastructure. Its technology transmits data at faster speeds by converting it to optical signals.

LWLG started ramping in late May after the company announced a business update. On June 7, the company announced inclusion in the Solactive EPIC Core Photonics EUR Index. On June 16, the company announced positive test results from a new optical modulator…

CEO Dr. Michael Lebby said, “I am incredibly proud of our team’s accomplishment — representing roughly tripling of the data rates possible in fiber optic communications. This advancement is expected to have a profound impact on the traffic flow on the internet.”

Read the full press release here.

Here’s the LWLG one-year chart…

LWLG has spiked 259% in June, hitting a 52-week high of $6.75 on June 17. I won’t chase it, but it’s a potential dip buy into any big panic.

Top Penny Stocks List Weekly Update #2: Goff Corp. (OTCPK: GOFF)

GOFF is on my list for the second week running. Like many OTCs, Goff Corp. is a dark or defunct company attempting to regain current status.

On June 9, George Sharp tweeted that he’s the new Goff Corp. president. There hasn’t been a press release or updated filing yet. But you can confirm the news by inputting ‘GOFF CORP’ into the Nevada Business Search tool.

Check out the GOFF one-year chart…

As you can see, GOFF consolidated the first part of last week before another 41% spike on Thursday. It’s trading up 292% in June and 2,674% YTD.

I’m watching GOFF for potential dip-buys into any big panic. Ideally, a big panic after putting together another multi-day run. See details of my GOFF trades here.*

Top Penny Stocks List Weekly Update #3: Majic Wheels Corp. (OTCPK: MJWL)

MJWL is another ticker I’ve had on my watchlist for a while. In May, Majic Wheels announced it was entering the crypto space through a $150 million acquisition. On June 2, the company announced OTCIQ access and said it was working to regain current status.

On June 16, a company tweet promised it would submit filings to the OTC markets group by the end of last week.

Here’s the MJWL one-year chart…

MJWL is up 130% in June and an incredible 5,422% YTD.

Like GOFF, I’d love to see MJWL put together a big multi-day run and set up for a potential panic dip buy. I’m just watching it for now. See details of my MJWL trades here.*

Read to the end of the post for information on how to create your own watchlist. Now it’s time for the weekly…

Trade Review

This week’s trade review covers three trades on one stock. The first trade happened during my live trading webinar last week. Trading Challenge students watched as I traded live, giving commentary along the way. If you’d like to join me for an all-day live trading webinar next Tuesday, June 29, register here.

RushNet Inc. (OTCPK: RSHN)

RushNet Inc. was originally a CBD oil products company with three CBD-infused beverages on the market. Now it’s in the process of a merger/acquisition with testing services company heliosDX.

On June 1, RSHN spiked after an update about the reverse merger. On June 7, the company announced a binding letter of intent to acquire a new laboratory.

RSHN was on my June 16 daily watchlist after a two-day run following a morning panic. I was ready for potential dip buys.

Here’s the June 16–17 RSHN chart showing my entries and exits…

RSHN penny stock chart
RSHN chart: June 16-17, panic dip buys — courtesy of StocksToTrade.com | *past performance not indicative of future returns.

On June 16, I missed the first dip while in another trade. But it wasn’t enough of a dip for me to get too excited about anyway. Then, as it spiked, I got interested, But not to chase since it was day three of the pattern. I commented that I’d love to see it drop back to the $0.013s or $0.014s for a potential dip buy.

RSHN looked like it wasn’t enough of a panic when it stalled in the $0.016s. When it dropped to $0.0145, I put in an order but couldn’t tell if it got filled due to a lag with E-Trade. As it turned out, I got a partial fill. I sold five minutes later for a 10% win and $1,064 in profits.*

That was a solid win, but on June 17 there was an even better opportunity…

The Big Panic

RSHN had a BIG panic on June 17 after the company announced its plans after the heliosDX acquisition.

I was too early for the biggest bounce on both of my dip buys. Once I’ve tried twice on a stock, I rarely try again because it feels like a revenge trade. Both trades were profitable even though executions were tough. (See details of all my RSHN trades here.*) Still, I have no regrets because singles add up…

Now for a little…

Monday Motivation

tim sykes in arizona riding on a jeep
© Millionaire Media, LLC

Ever since I started trading in high school, I love Mondays. But some people need Monday Motivation to get pumped for the week. So from now on, come here to get it. Every week will be a little different. This week’s Monday Motivation is all about perspective…

Too many students come to the Trading Challenge expecting to get rich overnight. It simply doesn’t happen. Let these numbers inspire you…

The OG Tim Grittani

Tim Grittani uploaded his first 10 trades to Profit.ly in November 2011. He had eight wins and two losses for a 20% win rate. His net profit/loss on those trades was -$205. Today, his profit chart shows $13.5 million in total profits.**

Jack “Push It to the Limit” Kellogg

Jack Kellogg uploaded his first 10 trades in July/August 2018. Jack did better than Grittani, with seven wins and three losses for a 70% win rate. Keep in mind that Jack didn’t trade when he first joined the Trading Challenge. He studied incessantly and watched other traders.

watchlist banner

Jack’s net profit/loss on his first 10 trades was +$1,197. Now his profit chart is at $8 million.**

Here’s another top student…

Kyle “I’m So Bearish, I’m Bullish” Williams

Kyle Williams uploaded his first 10 trades to Profit.ly in July/August of 2016. Kyle had one win and nine losses for a 10% win rate. His net profit/loss on those trades was -$484. Today, Kyle’s profit chart shows $2.1 million in total profits.**

Millionaire Trader Mariana

Finally…

One of my latest millionaire students, Mariana uploaded her first 10 trades to Profit.ly in June 2020. Mariana topped everyone mentioned so far with a 90% win rate. Her total profit/loss for those 10 trades was +$294. Today, Mariana’s profit chart shows $1.3 million in total profits.**

Get motivated by these traders. Not ONE of them made life-changing money at first. Some did better than others. But they all have something in common, they focused on the process instead of the money.

It IS possible, but it’s up to YOU to put in the time to study and gain experience.

Top Tested Trading Tips

tim sykes in sedona arizona with laptop of stock chart
© Millionaire Media, LLC

Last week during my live trading webinar, I tried to take a position on LWLG but my order didn’t get executed. The stock was moving too fast.

As it played out, LWLG spiked roughly 19 cents before coming back down. Then it bounced. A few minutes later it once again tested the day’s high. Even though I wasn’t in the trade, I watched it.

Why watch a stock when I missed it and had no intention of buying? Because I was curious to see if it could keep going.

Here’s this week’s top tested trading tip…

If ever you don’t get executed on a trade, there’s still an education to be had. Watch, learn, and recap. There’s always a lesson to learn. Just don’t let FOMO take over. Stay disciplined and be happy with the knowledge you gain from watching.

Trading Mentor Q&A

While it doesn’t hurt to understand the overall markets and the economy, it’s important to not try to predict. This question was about the first meeting between President Biden and Vladamir Putin. There was also a press conference to wrap up the Fed’s FOMC meeting that day.

Profit.ly user Alghamdy asked…

“Hi Tim, I have been hearing about the conference today and the effect on the market. Any thoughts on that?”

I couldn’t care less about the Biden/Putin conference. I couldn’t care less about the Fed conference. I’m trading plays where the promoters are supporting it so they don’t get investigated. It’s a totally different game.

It’s pretty funny. When people find out I trade stocks, they often ask about the markets. “Oh, you trade stocks. What do you think about macroeconomics?” 

It doesn’t matter what I think. We’re playing a game of pattern recognition. I don’t know what Biden or Putin will do. I can’t predict what the Fed will do. And, frankly, I don’t care.

I don’t care about the market gossip CNBC spouts. It just brainwashes newbies into thinking it’s noteworthy or important. It’s not. You have no odds whatsoever of guessing. For me, I focus on games where there’s predictability.

Millionaire Mentor

sykes studying on laptop
© Millionaire Media, LLC

Students often say they don’t have enough time to watch or study everything. “Tim, there are so many hours of DVDs, video lessons, and webinars. I can’t watch it all. What’s most important? 

I always give the same answer… you have to watch everything. Maybe many times. So just start watching.

Some students, like the seven-figure traders mentioned above*, take me at my word. They buckle down and get busy. Others, seeing only the total number of hours, flail around in frustration.

Here’s a hint…

Time is democratic. We all have the same amount every day. When I choose to study the markets during the midday lull, and you choose to chat with social media friends…

Or when I choose to work on charity after the markets close, and you choose to binge-watch television…

It reveals a lot about our different mindsets. Don’t get me wrong, we all need time off. Without it, burnout is inevitable.

penny stock checklist

But most people let weeds grow in their minds. “I don’t have time…”  is just another excuse.

Mindset Mastery

Watch your thoughts, words, and actions. One leads to the other. If you really want freedom, you need to change your actions. Which means changing your thoughts and words. If you’re not free, there’s a reason.

Don’t beat yourself up if you catch yourself falling into old habits or looking for the easy way out. Instead, ask yourself questions. Do your thoughts serve your long-term goals? Have you done everything you can today, to set yourself up for tomorrow, next week, or next year?

Giving Back

One thing you’ll learn when you achieve freedom is that money can’t buy you happiness. But it makes pursuing your passions a lot easier. For me, giving back is part of my evolution.

During my recent trip to Greece to work on Karmagawa’s next documentary, we saw animals in need. We donated to three great animal charities — ZAWF, Nine Lives Greece, and Mykonos Animal Welfare.

And we also created a Facebook fundraiser. Please donate and share our fundraiser to save animals in Greece.

Finally, the most important thing you can do if you’re serious about trading…

Trading Education

monday motivation why you should get in Trading Challenge chat
left to right: Jack Kellogg, Dominic Mastromatteo, Kyle Williams, Timothy Sykes – photo courtesy of Don Mash

All my top students are members of the Trading Challenge. But some people aren’t ready for the commitment. And that’s OK. Tim Grittani started with Pennystocking Silver before joining the Trading Challenge.

You get to decide. If you’re ready to commit to the Trading Challenge, apply today.

If you’re still sitting on the fence but want to learn more, try this…

Trading Mastery

Join me for 12, LIVE, all-day trading sessions over the next year. Watch and learn as I trade and give live commentary. During the slow part of the trading day, ask questions and I’ll answer.

PLUS…

Get Pennystocking Framework and access to the Trading Mastery archives. I’ll even throw in a special trade alert each month for 12 months when you…

**Join Trading Mastery NOW**

See ya there next week!

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

penny stocks list
© Millionaire Media, LLC

How Can You Create Your Own Watchlist?

To start, look for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, I look at trading volume and a catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.

Should I Create a Watchlist Every Day?

All serious traders create a daily watchlist. If you’re serious about trading penny stocks, making a daily watchlist is essential.

Does Tim Sykes Provide a NO-COST Watchlist?

Yes. Subscribe to my weekly penny stock watchlists below.

How to Use the Top Penny Stocks List Weekly Update

When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.

👉🏼 SUBSCRIBE to my NO-COST weekly stock watchlist here.

It all starts with looking for big percent gainers. Try to figure out why I’ve 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! 

Disclaimer

*Between 1999 and 2021, Tim Sykes has earned an aggregate sum of over $7.1 million in profits from trading stocks.  Tim Sykes’ trading results are not typical and do not reflect the experience of the majority of individuals using the services and products offered on this website.  

**Tim G.’s Jack’s, Kyle’s, and Mariana’s trading results are not typical and do not reflect the experience of the majority of individuals in the Trading Challenge. 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. This figure is taken from tracking user accounts on Profit.ly, a trading community platform.Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose. I’ve also hired Tim G. Jack K. and  Kyle W., to help in my education business.

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