You’ll find a few changes in this edition of the weekly top penny stocks list. Think of it as my gift to you.
Starting today, in every watchlist post you’ll find…
- 5 stock write-ups (instead of 3). That’s a 67% boost to help speed up your learning curve.
- More tips on how to create your own watchlist.
- No more ‘weekly update’ section. (Let’s face it, you’re here to learn about stocks. Follow me on Instagram for anything else.)
Before you check out the watchlist, be sure to register for Tim Bohen’s big event on Thursday, April 21…
It’s a no-brainer so be sure to click the link above and register. Trading is about identifying the right tickers and the top patterns. You need both!
Now that you’re registered, here’s this week’s watchlist…
- NextDecade Corporation (NASDAQ: NEXT … read my analysis here)
- MedAvail Holdings Inc. (NASDAQ: MDVL … read my analysis here)
- Aterian Inc. (NASDAQ: ATER … read my analysis here)
- Argentum 47 Inc. (OTCPK: ARGQ … read my analysis here)
- NuGene International Inc (OTCPK: NUGN … read my analysis here)
Top Penny Stocks List: April 18, 2022
Remember you do NOT have to trade every day. Develop the patience to wait for the best setups. Far too many traders take random setups leading to random results. Be meticulous.
These are the OTCs I’m watching this week…
And here are the listed stocks I’m watching…
Now let’s get down to business…
Top 5 Penny Stocks to Watch This Week
As always, if I’m in a trade, it goes to the top of my watchlist. Full disclosure — I was long NEXT over the weekend.
Top Penny Stocks List #1: NextDecade Company (NASDAQ: NEXT)
NextDecade is an energy company focused on liquid natural gas (LNG).
Key points about NEXT…
- LNG plays are benefitting from Ukraine/Russia tension. For more information, read this S&P Global Insights article.
- NEXT is a potential multi-week breakout.
- NEXT closed up 19.9% on Thursday.
Again, I was long NEXT over the holiday weekend. I even added to my position going into the close after a solid all-day uptrend. See details of my NEXT trade here.
I’ll keep watching NEXT for the breakout. If it keeps running, I’ll watch for potential dip buys into any intraday panic.
Top Penny Stocks List #2: MedAvail Holdings Inc. (NASDAQ: MDVL)
MedAvail Holdings is a telehealth pharmacy company.
Key points about MDVL…
- MDVL spiked on April 7 after an SEC filing detailed a private investment in a public equity (PIPE).
- The stock has been volatile ever since with huge swings happening in a matter of minutes. (Zoom into the April 8 intraday chart to see what I mean.)
- MDVL closed up 80% on Thursday.
MDVL is too choppy for me. I’ll watch to see how it plays out. Remember, you can learn a lot just by watching.
Top Penny Stocks List #3: Aterian Inc. (NASDAQ: ATER)
Aterian sells consumer appliances like kitchenware and dehumidifiers online.
Key points about ATER…
- On April 4, the company added a “seasoned industry executive” to its board of directors.
- The stock is up 124% since the announcement.
- ATER is the latest social short squeeze target with a ton of chatter on Reddit forums.
Watch ATER to see the battle between aggressive short sellers and diamond-hands longs. ATER double-topped on Wednesday and Thursday around $6.55 per share. A big enough panic could get me interested in a dip buy.
Top Penny Stocks List #4: Argentum 47 Inc. (OTCPK: ARGQ)
Argentum 47 Inc. is a U.K.-based financial services company.
Key points about ARGQ…
- On March 29, the company announced plans to acquire U.K.-based The Data Source Limited (TDS). The reverse merger would give TDS a controlling stake in Argentum 47.
- On Thursday, ARGQ spiked again on rumors the merger could complete by the end of April.
- The stock closed up 30.7%.
ARGQ is a sub-penny play. Sub-penny stocks trade differently, and I try to avoid them if possible. That said, I’m watching for potential dip buys into any big panic. Ideally, it runs multiple days first with a breakout over the March 29 high.
Top Penny Stocks List #5: NuGene International Inc. (OTCPK: NUGN)
NuGene International Inc. is a shell company.
Key points about NUGN…
- On March 17, NuGene announced a change of control to Livento Group LLC. It also teased a new business model in the film and television industry.
- On April 11, the company launched BOXO productions.
- NUGN closed up 20.8% on Thursday.
NUGN needs more volume to get me truly interested. It’s thinly traded and dollar volume is low. Ideally, it also has a news catalyst. For now, it’s a watch only.
If you’re serious about becoming a successful trader, keep reading…
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 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
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.
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.)
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.
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.
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.
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.
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!