Top Penny Stocks List and Weekly Update: Key Takeaways
- The difference between success and failure in trading can be minuscule. See the Top-Tested Trading Tip.
- Penny stock land loves the metaverse. See AXXA
- Old school contract news still matters in the bubble market. See IGEN
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- iGen Networks Corp (OTCPK: IGEN … read my analysis here)
- ViewBix Inc. (OTCQB: VBIX … read my analysis here)
- Exxe Group Inc. (OTCPK: AXXA … read my analysis here)
Top Penny Stocks List: December 13, 2021
Last week saw several OTCs spike big on news only to fade the rest of the day. As you prepare for trading this week, remember to be patient. You do NOT have to trade every day. Sometimes the best trade is no trade.
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 best plays take time to set up. One World Universe Inc. (OTCPK: OWUV) was featured last week as a potential dip buy. But the best opportunities didn’t happen until Thursday and Friday. Learn to be patient and wait for the setup to come to you.
With that in mind, watch these three OTCs this week…
Top Penny Stocks List #1: iGen Networks Corp. (OTCPK: IGEN)
iGen Networks develops cloud-based IoT software for the automobile industry.
Key points about IGEN …
- On December 3, the company announced a multiple award GSA government contract.
- On December 7, iGen launched a nationwide dealership program in partnership with Peak Performance Team.
- IGEN is trading up 222% since the government contract announcement. On Friday it hit a new 6-month high.
IGEN has been very choppy over the last week. See the Trading Mentor section below for my big mistake trading this ticker. I’ll watch for potential dip buys into any big panic. I’ll also watch for more spiking, ideally with news and big volume.
Top Penny Stocks List #2: ViewBix Inc. (OTCQB: VBIX)
ViewBix is a video marketing analytics company. It operates a Software as a Service (SaaS) platform.
Key points about VBIX…
- On December 5, the company filed an 8-K announcing a merger with Israel-based Gix Media Ltd.
- VBIX gapped up 80% on the news and spiked 439% before a big afternoon pullback.
- Twitter pumpers and chat rooms are promoting VBIX heavily. It closed up 51% on Friday.
I’ll watch VBIX for potential dip buys into any big morning panic. I’d like to see it run for multiple days first and ideally break the 52-week high it hit last Monday.
Top Penny Stocks List #3: Exxe Group Inc. (OTCPK: AXXA)
Exxe Group is a fintech company with assets in real estate, financing, and digital media. As of Thursday, it entered the metaverse…
Key points about AXXA…
- Exxe Group announced the AXXA Metaverse Initiative on December 9. The plan is to increase holdings in both physical and digital real-estate.
- AXXA traded its highest volume in over a year on Thursday. It spiked 87% before pulling back to close up 29%. On Friday it gained roughly 20%.
- AXXA has a ton of promoters and chat rooms pumping it.
I’ll watch AXXA for potential dip buys into any big morning panics. I’ll also watch for more spiking, ideally with news and big volume.
Trading Mentor
The picture above is from my European travels over the summer. But it sums up how I felt last week after making a big boneheaded mistake. This isn’t a proud lesson, but I have to share it. Don’t do this…
This Week’s Top Tested Trading Tip: Wake Up On Time
That sounds obvious, right? Last Monday I was on the West Coast. I screwed up big time…
Sunday night I set my alarm wrong. I meant to set it for 5:30 a.m Pacific. That would have given me an hour to wake up and prepare. I’m not a morning person — waking up early isn’t my favorite thing to do. But I need time so I’m OK with 5:30 a.m.
Unfortunately, I didn’t realize I’d set my alarm wrong until it was too late. I set it for right when the market was opening.
As a trader, that’s unacceptable. But it’s even worse when you have an open position. I had an over-the-weekend position on IGEN. It was an OTC first green day play. Unfortunately, it had a big morning panic.
By the time I got my trading software up and running it was a losing trade. Fortunately I sold some into strength on Friday, but it was undisciplined. What should have been a small win turned into an $891 loss.
It’s nothing huge. I’d sized down and also managed to get out before it hit the low of day. But it’s a good lesson.
Here’s the top-tested trading tip…
The difference between success and failure is often a matter of minutes or seconds. You MUST execute. You can’t wake up late for the markets or take a long position thinking you’re taking a short position. I see these kinds of mistakes. Now I’ve made one. I own it.
Wake up on time and come to the market prepared. That doesn’t mean you have to trade every day or can’t take a day off. Just stay disciplined.
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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