Top Penny Stocks List and Weekly Update: Key Takeaways
- Reminder: the stock market is closed on Friday for the Christmas holiday.
- Crypto/metaverse stocks are in play even though Bitcoin failed to reclaim the $50K level last week. See OWUV.
- Some stocks are frustrating to trade — even with solid news. See ENGA.
Traders who listened to this man had the chance to make 8X On Tesla…
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- One World Universe Inc. (OTCPK: OWUV … read my analysis here)
- Engage Mobility Inc. (OTCPK: ENGA TICKER … read my analysis here)
- Palayan Resources Inc. (OTCPK: PLYN … read my analysis here)
Top Penny Stocks List: December 20, 2021
OTCs are beginning to come back, but the overall market still looks frothy. Stay safe and trade conservatively this week.
These are the OTCs I’m watching…
And here are the listed stocks I’m watching…
3 Penny Stocks to Watch This Week
Two out of three featured stocks this week hit 52-week highs on Friday. The other hit a six-month high. So remember to watch big percent gainers breaking out to new highs.
Top Penny Stocks List #1: One World Universe Inc. (OTCPK: OWUV)
One World Universe is a crypto and metaverse play. It was on this watchlist in early December on metaverse news.
Key points about OWUV…
- On December 15, the company announced it will create its own crypto token.
- The stock didn’t move much on the news until Friday when it spiked 50%.
- OWUV hit a 52-week high of 31.5 cents a share but volume is still down compared to early December.
I’ll watch OWUV for potential dip buys into any big intraday panic. I’ll also watch for a clean breakout, ideally with a news catalyst and bigger volume. I traded OWUV Friday on the intraday and multi-day breakout for a $324 win.
Top Penny Stocks List #2: Engage Mobility Inc. (OTCPK: ENGA)
Engage Mobility was last featured on this watchlist in November. At the time there were rumors of a merger with U.K.-based video-sharing platform Bebuzee. ENGA spiked ENGA 1,142% in three days on the rumors.
Key points about ENGA…
- Bebuzee confirmed the acquisition of Engage Mobility on December 15.
- ENGA spiked 454% in one day on the news.
- On Friday, ENGA spiked 160% and hit a 52-week high of $4.17 per share.
I’m watching ENGA for morning panics or spikes. But it needs to have a lot more volume, otherwise, it’s choppy and frustrating. It was impressive on Friday, but I wasn’t tempted due to the low volume. I traded ENGA last week for a $280 win and a $609 loss.
Top Penny Stocks List #3: Palayan Resources Inc. (OTCPK: PLYN)
Palayan Resources is a holding company actively seeking acquisition targets.
Key points about PLYN…
- On December 15, the company signed a memorandum of understanding to acquire a FinTech company.
- The unnamed acquisition is “projected to achieve more than U.S. $1 billion in transaction volume by 2023.”
- PLYN had a multi-week breakout on the news.
I’m just watching PLYN for now. Let’s see if it can keep going.
Monday Motivation
A lot about being a successful trader is counterintuitive. I see too many people wishing for another hot market. This is a lesson of caution. Hopefully, it motivates you…
Mindset Mastery: Pray for a Market Crash
You should be praying for a slowdown or market crash in 2022. It would give you more time to study and catch up.
I know that’s not what you want to hear. It goes against what most people think. It goes against our instincts. But take a step back and ask yourself, “What is my long-term goal in trading?”
Respect a Slow Market and Appreciate a Fast Market
There’s a reason I have nearly 30 millionaire students. All the new millionaires have been students for three to six years. They respect the slow times and appreciate the fast times.
Beautifully ugly $DIA $SPY $QQQ $BTC $TSLA $AAPL $ARKK action today, don’t fight the trend, learn to respect & appreciate it when it’s soooooooo one way
— Timothy Sykes (@timothysykes) December 16, 2021
You can’t always expect wins or for trading to be easy. I encourage you NOT to wish for a hot market. Instead, enjoy the colder market that gives you more time to study and prepare.
Millionaire students have two things you don’t have…
Study Time and Experience
My top students study in a slow market. Most of you reading this aren’t prepared for another hot market. The sooner it happens, the less time you have to prepare.
Even if you made a lot of money in the bubble, you don’t understand what a slow market is. You haven’t dedicated enough time to studying. You don’t understand the difference between trading small vs trading large. And you probably aren’t great at cutting losses quickly or judging risk.
You’re not great at a lot of things that you need to be great at to make millions.
Experience only comes with time and trades. But you choose whether to study — and when. No matter how much you’re studying now, pray for a market crash so you can study more.
Here’s a great place to start…
Trading Education
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. Studying mine (and those of other successful traders) is a good start, but you need to learn…
How to Create Your Own Penny Stocks List
Answers to watchlist FAQs…
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!
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