Top Penny Stocks List and Weekly Update: Key Takeaways
- GreenGro Technologies, Inc. is moving on news of a sales and marketing agreement.
- Takeover Industries announced a distribution deal, sending LTNC on a multi-day run.
- DarkPulse Inc. is back on the rise after announcing Optilan acquisition.
OTCs are still showing me the patterns that I love. At the same time, I’m learning and adapting to the market with every trade. Read more in the Trading Mentor section below. Be sure to check out all the stocks on my watchlist this week. But start with these three…
- GreenGro Technologies, Inc. (OTCPK: GRNH … read my analysis here)
- Labor Smart, Inc. (OTCPK: LTNC … read my analysis here)
- DarkPulse Inc. (OTCPK: DPLS … read my analysis here)
Top Penny Stocks List: August 16, 2021
No harm, no foul if you trade blue-chip stocks and it works for you. I have a better edge with OTCs and listed penny stocks. Especially OTCs. That said, these are the OTCs I’m watching this week…
And here are the listed stocks I’m watching…
3 Penny Stocks to Watch This Week
The first ticker is a good example of penny stock informational inefficiency. Take note…
Top Penny Stocks List #1: GreenGro Technologies, Inc. (OTCPK: GRNH)
GreenGro Technologies provides eco-friendly tech for the industrial hemp and cannabis industries.
On July 29, the company announced an exclusive sales and marketing agreement with retailer Stop N Grow…
COO James Haas said, “This exclusive agreement with Stop N Grow will provide us with an entirely new and scalable revenue channel as demand for our turnkey product offerings are expected to continue nationwide.
“We believe revenues from this agreement will begin positively impacting our financial performance by the third quarter of this year with expectations of a healthy growth rate from thereon.”
Read the full press release here.
The news didn’t move GRNH much at first. But this was also in the press release…
“A soft grand opening for the first Stop N Grow retail store that will carry the Company’s products is expected next month in Holbrook, Arizona.”
Here’s the GRNH one-year chart…
On August 5, GRNH bounced off long-term support at roughly $0.0073. It had a solid multi-day before before dropping 25% on Friday.
I’ll watch for potential dip buys into any big morning panic. And I’ll watch for potential bounces with big volume and a news catalyst. It’s been a few years since I traded GRNH, but you can see details of my trades here.*
Top Penny Stocks List #2: Labor Smart Inc. (OTCPK: LTNC)
Labor Smart is the parent company of Takeover Industries. But the two companies appear to be decoupling…
Labor Smart was a temporary staffing business. Takeover Industries is in the energy drinks business. As of July 14, Labor Smart sold the staffing business back to its founder.
LTNC was a bigtime Twitter pump in February, March, and April. It even had its own hashtag. That resulted in legal action against notorious Twitter pumper, Stan the Trading Man. (When the legal action appeared on Twitter, Stan deleted his account.)
On August 9, Takeover Industries announced a distribution deal for its NXT LVL energy drink. Professional boxer Manny Pacquiao also actively endorses the drink.
Check out the LTNC one-year chart…
As you can see, LTNC is a former runner with a similar chart to GRNH. After the distribution deal news, it spiked roughly 150% in five days.
I’ll watch LTNC for potential dip buys. And I’ll keep watching for morning spikes with big volume and news. See details of my LTNC trades here.*
Top Penny Stocks List #3: DarkPulse Inc. (OTCPK: DPLS)
DarkPulse is a tech-security company that I’ve been watching since June.
On August 10, the company announced it acquired UK-based Optilan.
CEO Dennis O’Leary said, “This acquisition completes a monumental leap forward of DarkPulse’s expansion into global critical infrastructure markets. As a recognized leader for more than 30 years, Optilan brings a highly experienced team and operational footprint with physical assets across key international markets including, South America, Europe, Africa, Middle East, Asia and the UK.”
Read the full press release here.
Here’s the DPLS one-year chart…
DPLS spiked on Friday before having an almost ideal late morning panic. I’ll continue to watch for potential dip buys into any big panic. It’s also shown it can spike with big volume and a news catalyst. So I’ll keep watching for potential morning spikes, too. See details of my DPLS trades here.*
Trading Mentor
In profit terms, last week was one of my worst in a long time. I can’t remember the last time I had a red week. (Note: I have an open trade from Friday with unrealized gains.)
As a trader, you have to learn to take losses. And the most important thing you can do is learn from them. One thing I did last week when I was feeling a little off, was to put myself in time out. Multiple times.
That helped me to end the week strong. Yes, it was still a red week in realized gains. But adapting to the market once again proved to be the right thing to do.
Trade Review
Instead of reviewing one trade this week, here are my stats…
Trading Stats: August 9–13, 2021*
- Trades: 13
- Number of wins: 7
- Number of losses: 6
- Highest percent win: 12%
- Highest percent loss: 9.52%
- Biggest dollar win: $1,496
- Biggest dollar loss: $2,370
- Average dollar win: $527.85
- Average dollar loss: $830.50
Why is it important to look at your trading stats? Because the math behind profitability is simple. If you win more often than you lose, and your average win is bigger than your average loss, you’re profitable.
That doesn’t mean it’s easy, as you can see. One loss wiped out 55% of my profits. And I admit I traded it badly. But take away that loss and it would have been a profitable week.
Remember, whatever you do, review every trade. This video explains…
How to Review and Refine Your Trading Process
The great thing about reviewing is it applies to all areas of life. Check it out…
Monday Motivation
Over the years I’ve talked to a ton of successful people. And not only traders. I’ve met the likes of Larry King, Steve Harvey, and Keanu Reeves. I’ve spent time with billionaires and hung out with professional athletes.
One thing they all have in common is their desire to be better at what they do. And they all use a review process to do it. Whether it’s watching game-film or reviewing trading stats, they…
Focus On Incremental Improvements Over Time
Want to improve at almost anything? Do a daily review. It’s one of the oldest tricks in the book. Take 15 minutes at the end of the day and write down answers to these four questions…
- What went well?
- What didn’t go well?
- How could I have done better?
- What will I do tomorrow to improve today’s results?
“An unexamined life is not worth living.” — Socrates, at his trial for impiety in 399 BC
Let me know your results after you’ve done this for a few months. Now, an important announcement…
URGENT: Greek, Turkish, and Algerian Wildfire Victims Need Our Help
Karmagawa started a fundraiser for communities affected by these terrible tragedies. We managed to raise more than $60,000 in less than a week. But we want to raise more to help with food, water, and medical supplies. Proceeds will go to help both people and animals.
I’m proud to announce Karmagawa is matching, dollar for dollar, all money raised.
⚠️SAD NEWS, PLEASE SHARE AND LET’S HELP THOSE IN NEED RIGHT NOW!⚠️ I am SO proud of the @karmagawa community for raising $60,000 to help Greece/Turkey, we’re adding Algeria to donate to as wildfires are destroying so much…I’m proud to now match ALL donations dollar for dollar! pic.twitter.com/eAjMcf3Ab1
— Timothy Sykes (@timothysykes) August 12, 2021
**Please Donate to Help the Wildfire Victims Here**
If you’re not in a position to donate, share the fundraiser everywhere you can. Every share and every donation, no matter how small, makes a difference.
Together we CAN make a difference!
Ready to learn penny stock trading? Check this out…
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. (Trading Mastery live trading sessions are included in Trading Challenge membership.)
**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…
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
*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 depicted 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. 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. Timothy Sykes has a minority shareholder interest in the platform. I’ve also hired Jack Kellogg, Tim Grittani, Matt Monaco, Mariana, Bryce, and Kyle to help in my education business.
**Tim has a minority ownership stake in StocksToTrade.com.
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