Do me a favor…
Stop reading the headlines about the stock market.
They’re brainwashing people to believe that they can’t make money in this market.
But if that was the case, then how can you explain my profits this year? I’m up over $65K…
Or my student, Jack Kellogg, who is up more than $800K this year…
Or Tim Lento, who is up more than $750K in 2022!
There are two types of traders right now. First, there are the ones who make excuses and blame the markets. The other group, which I hope you’re in, believes that success is determined by your actions — and that you don’t need a bull market to profit.
Now, if it’s okay with you … I’d like to share my brand new watchlist.
Check it out below…
Top 5 Penny Stocks to Watch This Week
Top Penny Stocks List #1: Phoenix Rising Companies (OTC: PRCX)
Let me be clear about this stock. There isn’t a great catalyst causing the volatility.
That means I’m not looking to trade this as a breakout play unless there’s some pretty great news that comes out.
But there’s still a reason to watch this sketchy runner…
My favorite setup comes around when sketchy stocks fall way off of their highs.
Learn the best trading pattern right here.
Prepare yourself for this mover …
Top Penny Stocks List #2: Sysorex, Inc. (OTC: SYSX)
I made a trade on this stock last week. It didn’t bounce as much as I thought it would, but I still got out with a profit.
Sometimes, I play the same stock more than once. That’s because there are multiple opportunities to profit, depending on my strategy.
Learn the penny stock framework and my strategies.
This technology stock is in the right sector for volatility. All I need now is a catalyst (or a panic).
Top Penny Stocks List #3: Fernhill Corporation (OTC: FERN)
This penny stock just released some juicy news…
An uplisting is a bullish indicator. It means the company can meet the more strict regulations of a listed exchange.
So far, we’re already seeing some volatility. I think this could be a good breakout play, especially because it’s got a history of spiking.
Past spikers can spike again.
To prepare for this setup, review my past breakout trades…
The breakout level looks like it’s at $0.16. I plan to buy on a dip above support before it retests highs.
Top Penny Stocks List #4: Green Battery Minerals Inc. (OTC: GBMIF)
This stock is in the EV/Lithium sector.
As the world moves away from gas-powered vehicles, stocks like GBMIF are in a great position to spike in price.
And this company just released positive news — read it here.
The stock doesn’t have a history of running, but it only started trading a year ago. It’s still pretty new.
The float is pretty low as well. There are only 69 million shares outstanding.
When there’s a low supply of shares, an increase in demand will spike the price higher than comparable stocks with more shares available.
It’s basic economics. Low supply + high demand = high prices.
The news for this stock is still new. I’m excited to see how it plays out this week.
Top Penny Stocks List #5: Sun Pacific Holding Corp. (Embed: SNPW)
This is a huge past runner.
It spiked over 700% in 2021. And that’s exactly why my eyes are on it.
SNPW chart 2-years, 1-day candles (Source: StocksToTrade)
I’ve said it a zillion times and I’ll keep saying it — past runners can run again.
It’s also in a hot sector, renewable energy.
I’m just waiting for a major catalyst and high volume.
Those are the top 5 stocks to be watching this week. But it takes more than a watchlist to achieve consistent profits.
If you’re serious about becoming a successful trader, keep reading…
Trading Education
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This is where your journey begins. If you can change your mindset from making money to learning, there’s hope.
New to penny stocks? Start with my FREE penny stock guide.
Also, get my best-selling book “An American Hedge Fund” here at no cost.
For the basics of my strategies, read “The Complete Penny Stock Course.”
And if you think you have what it takes, maybe the Trading Challenge is for you. Only apply if you’re willing to study hard. It’s not easy, but it’s 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.
If you’re still on the fence about penny stocks…
Why You Should Consider Penny Stocks
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You’ve probably heard people say “Penny stocks are scams.” Maybe your financial planner said, “Penny stocks are a very high-risk investment.”
Let me give it to you straight up…
Penny stocks are NOT long-term investments. They’re trading vehicles.
99.9% of penny stock companies fail. Or they do some weird pivot to whatever’s hot (like NFTs) and get a short-term spike. Then they suck again.
That’s what makes penny stocks beautiful. Other people think of penny stocks as investments. In other words, they believe the BS and hype.
Those are your enemies on the trading battlefield. They create massive volatility and THAT is what allows me and my top students to crush it.
The best part is, there’s a 7-step pennystocking framework you can use to identify common patterns.
Then, it’s a matter of discovering…
How to Choose the Right Penny Stocks to Trade
The world of penny stocks opened up when we created a tool that makes it easy. Heck, we even called it StocksToTrade.
That said, people often ask how to choose stocks. It would take you days to sift through a list of all penny stocks. Even a list of the 100 best penny stocks wouldn’t get you very far. You need to drill down.
Here’s where to start…
Look for Big Percent Gainers
This is my number-one criterion and always has been. I’m not interested in boring — especially to grow a small account. If you reach $9.7 million in trading profits like Jack Kellogg, you’ll earn the right to trade boring stocks.
StocksToTrade has several big percent gainer scans built in. Use it.
Source: StocksToTrade
Look at the Exchange
This is important, especially in the beginning…
OTCs don’t trade premarket or after hours. That’s a good thing for beginners. Also, with OTCs, Level 2 data is more relevant. Once you start trading high-volume listed stocks, it’s more of a challenge to use Level 2.
Finally, some OTCs have a Pink Limited designation. Some even get the dreaded skull-and-crossbones Caveat Emptor label. Be wary of these stocks. I’m not saying to never trade them, just take extra caution. If you’re new, avoid Caveat Emptor stocks altogether.
Investigate the Company History
After a while you probably won’t need to do this. Why? Because you’ll understand why penny stocks are called “Wall Street’s gutter.”
Take off the rose-tinted glasses…
Some penny stock companies change names or sectors as often as we change presidents. At least understand that before you start trading. Where can you find the dirt? Find the ticker on the OTC markets website or SEC Edgar. Then start going through filings.
(Top tip: StocksToTrade has links to all SEC and OTC markets filings. Use it.)
For more on how to read SEC filings, see my DVD guide called “How to Read SEC Filings.”
You’ll get blown away when you start digging. Most of these companies have more skeletons in their closet than a haunted house.
Always Verify Their Claims
The next step is to look for a catalyst. Most big percent gainers move based on news.
This is key…
Don’t take a press release or company tweet at face value. Try to verify the company’s claims.
Again, most of these companies fail. Half the time they have no product and no revenue. Rest assured, they’ll still issue press releases about their “world-changing tech.” Or some big contract. Or a new gold mine, oil well, or metaverse property.
Most of it is absolute BS. Which is why you should NEVER believe the hype.
Instead…
Be Skeptical
That applies no matter what promoters tweet or what you heard in a Discord chat. THOSE are the biggest scams in this industry.
That’s why it’s so important to use StocksToTrade and get the Breaking News Chat add-on.
The Breaking News Chat guys are on top of promotions, chat pumps, and sketchy press releases. They alert it all in chat. That saves you hours of research sifting through so-called due diligence.
I would NEVER trade without StocksToTrade Breaking News. Get it today.
Rinse and Repeat to Add Penny Stocks to Your List
It’s as simple as that. Add more stocks to your watchlist by repeating the process. I keep roughly 20–30 stocks on my big watchlist.
Each day cull your list. Take one or two off or add them to a secondary list. Then add the day’s top percent gainers with a catalyst and volume.
Frequently Asked Questions About Penny Stock Lists
Studying my watchlist is a good start, but you need to learn…
How to Create Your Own Penny Stocks List
Whether you call it a penny stocks list or a watchlist, the process is the same. It’s not difficult but you might find it time consuming in the beginning. Go through the process described below. Like everything else in life, with practice and experience it will get easier.
How Can You Create Your Own Watchlist?
Start by looking for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, look at trading volume. Focus on high-volume stocks. Finally, try to find the catalyst or reason behind the price action.
Should I Create a Watchlist Every Day?
All serious traders create a daily watchlist. If you’re serious about trading penny stocks, a daily watchlist is essential. No excuses.
Does Tim Sykes Provide a NO-COST Watchlist?
Yes. Subscribe to my weekly penny stock watchlists below.
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For more information and a detailed guide on how to create a watchlist, read “Stock Watchlist Guide: Tips & Examples to Develop Your Own.”
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.
Conclusion
Bookmark this post and keep coming back. Every Monday (unless the market’s closed), I update this with my top penny stocks to watch for the week.
Start making your top penny stocks list today. It’s like exercise — at first it’s a little uncomfortable. But the more you do it, the easier it becomes. Review the steps to create your own watchlist above
What do you think about this penny stocks list? Comment below, I love to hear from all my readers!
The post Top Penny Stocks List: May 9, 2022 appeared first on Timothy Sykes.
