Penny stocks can move fast and be highly volatile. To be successful, you need to make a list of stocks to watch — and potentially trade — every day. Many new traders feel overwhelmed at first.
How do you choose stocks for your watchlist? It starts with looking for big percent gainers. But it doesn’t end there. You also need to understand how the game works to protect yourself from the BS.
If you ever wonder why there’s so much negativity/shadiness in trading, remember that 90%+ of traders lose and nearly everyone who refuses to show ALL their trades publicly are lying pretending to be experts for their ego & so they can lure their followers into BS pumps/schemes
— Timothy Sykes (@timothysykes) January 25, 2021
Remember, the stocks I trade aren’t long-term investments. I trade patterns based on twenty plus years of experience. Use this weekly penny stocks list to understand my thought process. Keep reading for more about how to create your own penny stock watchlist.
First…
News Moving the Penny Stocks on This List
The stock market is in momentum bubble territory. To put things in perspective…
As recently as August, Gamestop Corporation (NYSE: GME) was trading under $5 per share. It started the year at $19 per share. Friday, it closed at $65.01. In premarket trading today, GME hit a 52-week high of $136.63.
How does an unprofitable company with a negative operating cash flow run 619% in three weeks? And how does it run 2600% in four months? Wild speculation and overaggressive short sellers.
Welcome to trading in 2021. Now is the perfect time to learn. If you’re already trading, maximize your knowledge and skills while the market is hot. But remember, trade conservatively and cut losses quickly.
The green energy and EV sectors still have momentum thanks to the shift in US government policy. Tesla (NASDAQ: TSLA) reports Q4 earnings this week.
Also, pay attention to the so-called FANGMAN stocks. These seven tech giants make up roughly 25% of the S&P 500. Three of the seven, Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL), and Microsoft (NASDAQ: MSFT), report Q4 earnings this week.
Finally, the Federal Reserve meeting this week looks like another no change scenario. Still, I’ll be watching to see how markets react.
Read More
Read these related posts to learn more and get inspired…
- Top Stocks to Watch Today: Friday, January 22. Stocks I watched Friday and how they played out. Also — check to see if I’m still watching. [Hint: I love to dip buy panics on multiday runners.]
- Trader Spotlight Update: Matthew Monaco’s Trading Mindset. The best traders never get rich quick. Matt’s trading journey is a great example of intense study to prepare for opportunity.
- Top Penny Stocks To Watch My monthly watch list is a great place to learn my thought process so you can make your own.)
Top Penny Stocks List Weekly Update: January 25, 2021
There are so many plays right now, it’s easy to miss opportunities. I’m trying to focus on the best plays, not go too big on any one play, and trade conservatively.
OTCs still make up the bulk of my list, so let’s start there. After that, we’ll move on to listed stocks…
Top OTCMarkets Penny Stocks To Watch
Below is my OTC penny stocks list for the week starting January 25, 2021. Be sure to read everything so you understand the thought process that goes into my list.
Top Penny Stocks List Weekly Update #1: Sun Pacific Holding Corp (OTCPK: SNPW)
Sun Pacific Holdings operates four subsidiaries. These include solar panel manufacturer Sun Pacific Power and solar powered outdoor advertising company Street Smart Outdoor.
SNPW is getting heavily promoted on Twitter and in chat rooms. Along with sector momentum, the promotion activity helped it run all last week with no real news.
How do I know it’s getting promoted? StocksToTrade Breaking News Chat is my go-to source.*
(*Quick disclaimer: I helped design and develop StocksToTrade.)
SNPW hit a 52-week high of $0.098 on Friday before pulling back to close at $0.08. Last week, the stock was green every day and closed up 1,639%. It’s my top potential dip buy because it’s up so much on the daily chart.
Top Penny Stocks List Weekly Update #2: American Battery Metals Corp. (OTCQB: ABML)
American Battery Metals has been on my watchlist for several weeks. The company’s main focus is recycling lithium-ion batteries.
ABML started running in December on news of a planned battery recycling plant in Nevada. Since then, the stock has consolidated and spiked again. It’s showing up on a lot of financial website watchlists. It’s also getting massive promotion on Twitter.
ABML hit another 52-week high of $3.48 per share on Friday. The stock is up 1,441% since its December 15 open at $0.216.
ABML is a potential dip buy into any big morning panic. I won’t chase this one as it’s overextended.
Top Penny Stocks List Weekly Update #3: Artificial Intelligence Technology Solutions Inc. (OTCPK: AITX)
AITX was on my list last week, too. Its subsidiary, Robotics Assistance Devices manufactures robotics hardware and AI security software.
AITX’s recent run started on January 13 when the company announced a big order from EU-based dealer Civitas Group…
Civitas Group CEO Rene Pasculescu said, “We have successfully generated a high level of interest […] and we expect this should be the first of many orders.”
RAD CEO Steve Reinharz commented, “Supporting Civitas in and around Romania is the perfect entry for RAD into the EU. I’m very pleased to be starting our European expansion with such a strong partner.”
Read the full press release here.
The stock had a big morning spike on January 19 after the company released its 10-Q quarterly report. But it pulled back and closed flat for the day.
AITX had another multiday breakout on Thursday and closed strong. It ran 137% last week and looks set to gap up to start the week.
I’m watching AITX for a potential dip buy into any big morning panic. I won’t chase.
Top Penny Stocks List Weekly Update #4: Tesoro Enterprises Inc. (OTCPK: TSNP)
Tesoro Enterprises merged with HUMBL, a digital payment platform, in December. Since then it’s been a favorite for Twitter pumpers. TSNP is another stock I’ve watched for the past several weeks.
During its big run in December, I traded it several times. See my TSNP trades here.
TSNP hit a new 52-week high of $0.3925 on Friday before pulling back to close at $0.3532. But for the past 10 days the trend is up. If it ever cracks, it will be a potential dip buy.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of January 25, 2021. It includes a retailer and two green energy stocks. I’m watching all three for potential dip buys into any big panic, ideally near the market open.
Premarket Gainers Stock List
Here are 10 listed stocks on the move in premarket trading today…
How to Create Your Own Penny Stock List
Want to know how to 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 catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.
Create a Watchlist Every Day
How bad do you want it? If you’re serious about trading penny stocks, making a daily watchlist is essential. Make it a habit — even if you don’t trade a single stock on your list.
11pm study check, retweet/favorite this if you’re still up studying or working on your watchlist for next week already…if anyone gives you crap about spending so much time learning then you send them to me & I’ll give them a piece of my mind on how obsession is KEY TO SUCCESS!
— Timothy Sykes (@timothysykes) January 24, 2021
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.
Instead, 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 weekly update for January 19, 2021? Comment below, I love to hear from all my readers!
The post Top Penny Stocks List Weekly Update: January 25, 2021 appeared first on Timothy Sykes.