Last week the overall markets were choppy. On Thursday, the Consumer Price Index (CPI) showed year-on-year inflation of 7.5% — the biggest jump in 40 years. Stocks fell on the news. The sell-off extended into Friday as investors played the interest rate guessing game. Geopolitical tension surrounding a potential war in Ukraine created more uncertainty.
Meanwhile, I was locking in singles like this $472 win. See UCPA below.
Click below to discover…
Why I recently opened a trading account with this industry-disrupting broker.
- United Communications Partners, Inc. (OTCPK: UCPA … read my analysis here)
- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL … read my analysis here)
- Universal Systems Inc. (OTCPK: UVSS … read my analysis here)
Top Penny Stocks List: February 14, 2022
This is NOT a market to be aggressive. Taking singles isn’t fun, but it’s the key to success over time. Now’s the time to practice being conservative. In the meantime, study and have patience.
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
As you prepare for this week, remember you don’t have to trade. Last week I only took seven trades after closing out my weekend trade. I ended the week up $5,823 trading stocks like this…
Top Penny Stocks List #1: United Communications Partners Inc. (OTCPK: UCPA)
United Communications Partners Inc. is an advertising and media company. It owns 100% of Tre-Kronor Media in Sweden and Denmark.
Key points about UCPA…
- On February 10, Making Science Group (Madrid: MAKS) announced it acquired 70% of United Communications Partners.
- On Friday, UCPA gapped up 60% and hit a 52-week high of 1.68 cents per share.
- UCPA closed up 176% on its highest trading volume since August.
It’s been a while since we’ve seen a big morning spiker extend its gains. I’ll watch for continued spiking, ideally with news and volume. And I’ll watch for potential dip buys into any big intraday panic.
Top Penny Stocks List #2: Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL)
Kaival Brands Innovations Group distributes the BIDI Stick, a nicotine vaping product.
Key points about KAVL…
- On February 3, Bidi Vapor announced it won a judicial stay of an FDA Marketing Denial Order (MDO).
- KAVL has trended steadily up since the announcement on higher than average volume.
- At its Friday high, KAVL was up 368% since February 2. It pulled back but still closed the day up 23% and 255% since February 2.
KAVL is a potential dip buy into any big morning panic. But I won’t buy a random pattern or gradual consolidation as it’s too choppy.
Top Penny Stocks List #3: Universal Systems Inc. (OTCPK: UVSS)
Universal Systems, Inc. is a multimedia production company focused on brand influence.
Key points about UVSS…
- UVSS was featured in an update by parent company Critical Solutions, Inc. (OTCPK: CSLI) on January 13.
- The update said Universal Systems is assembling a team to enter the crypto and NFT markets.
- UVSS is a big Twitter pump. The stock spiked 372% in three days last week before a Friday afternoon selloff. It closed up 12% on the day.
UVSS is only a watch right now. It’s running on speculation but needs more volume and dollar volume for me to buy. Also, watch CLSI for sympathy moves.
Trading Mentor
This week’s top-tested trading tip is so simple that many of you reading it won’t follow through. I urge you to take advantage of the current market to try it.
This Week’s Top Tested Trading Tip: Review Successful Traders’ Trades
During a recent Trading Challenge webinar, my student Trent asked this question…
Trentsatter → timothysykes: what is currently your most profitable/useful strategy?
I don’t keep a spreadsheet and I’m not that good at being exact. So I replied, “You have access to all my trades. Go run a little report and tell me next week.”
Why am I telling you this?
Trent followed through and did it. Most of the time when I assign a student homework, I have no idea if they follow through.
Start With Data Collection
Trent came back to last week’s webinar with data. He’d gone through all my trades for a full year. He shared exactly how much profit I’d made from 10 different strategies…
Trentsatter → timothysykes: on (breakout) plays you made 61,103 profit (runner dip buys) you made 194,572 profit (swings) 26,275 profit (stt breaking news) 153,329 profit (intraday runners) 37350 profit (morning panic) 170,629 profit (morning spiker) 132,429 profit (former runner/fgd plays) 45,219 profit (intraday panics) 55,385 profit (short selling) -340 loss. for a total of 875,951 from feb 1st 2021 to feb 1st 2022
I haven’t checked the accuracy of those numbers. But the exact numbers don’t matter. What matters is that Trent looked through every trade. Now he can take the data and go deeper…
Use the Data to Refine Your Process
For example, if you want to focus on morning panic dip buys, make a list of all my morning panic dip buys for the past year. Go through each trade and review my thought process. Study the charts. Notice my position size, entry, and exit price.
Over time, you’ll get a good idea of how I trade morning panics.
Find A Trader You Respect and Review Their Trades For The Past Year
It doesn’t have to be me but it MUST be someone who shares every trade. Get the data and find out what they’re doing. Save the charts and study them.
I can’t guarantee success, but I’m confident that if you follow this tip, you’ll learn a lot very fast. Most traders are too lazy to do it.
If you’re an exception (i.e., you’re NOT lazy) and looking for trading education, start here…
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.
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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