Top Reddit Penny Stocks to Watch: Key Takeaways
- The HUGE spikers Reddit traders are chatting about this week, and why I won’t chase them.
- A recent IPO went on a multi-day run and just made new all-time highs. See stock #2 below…
- PR-pump machine PBYA has contract news, settled debt, and an upcoming acquisition and name change…
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Reddit penny stock traders are chasing BIG spikers this week. That’s a dangerous game and why 90% of traders lose. Instead, learn from my past trades and make your own trading plans. See how I approach these sketchy penny stocks…
And read to the end to discover more trending Reddit stocks, including the top trending ticker on WallStreetBets.
- Naked Brand Group Limited (NASDAQ: NAKD … Read our full analysis here.)
- DatChat, Inc. (NASDAQ: DATS … Read our full analysis here.)
- ProBility Media Corporation (OTCPK: PBYA … Read our full analysis here.)
- Therapeutic Solutions International, Inc. (OTCPK: TSOI … Read our full analysis here.)
- DarkPulse, Inc. (OTCPK: DPLS … Read our full analysis here.)
HOW BAD DO YOU WANT IT?!? #preparationisthekey
— Timothy Sykes (@timothysykes) August 22, 2021
5 Reddit Penny Stocks to Watch This Week
I’ve cut through the noise and chatter on Reddit to come up with these top six Reddit penny stocks to watch now.
But remember, this watchlist isn’t a recommendation to buy or trade these stocks.
And if you’re hoping to get rich quick or wondering “can you get rich off penny stocks?” … you have the wrong mindset.
Don’t focus on the money.
That only creates bad trading habits like going all in, gunslinging, and overtrading…
Those are all the habits Reddit traders seem to promote and encourage.
Ignore that BS. Never blindly follow or listen to promoters or pumpers on social media and in chat rooms. They all claim these stocks are going to the moon. They’re not.
Most penny stocks fail.
Always expect the worst from every company so you won’t be disappointed. Be ready to take advantage of the hype and volatility, trade your patterns and trading plan, then move on.
If you’re new to penny stocks, get my FREE guide to trading this niche here.
Let’s do this…
Reddit Penny Stocks to Watch #1: Naked Brand Group Limited (NASDAQ: NAKD)
Naked Brand manufactures and sells clothing and swimwear.
Last week a Reddit user posted a thread noting the company has “zero debt” and a “major acquisition is in the works.” The company announced its plans to acquire another company at its annual shareholder meeting on August 20.
The SEC filing states:
“We have recently reached preliminary agreement on non-binding terms and are now conducting due diligence. The company is in a sector which has been forecast to have strong growth for many decades to come. There is, of course, no guarantee that we will complete the deal, on the preliminary terms we have negotiated, or at all.”
NAKD’s a former runner but the chart looks like a number seven from my 7-step pennystocking framework. I’ll watch it for more news and volume before planning a trade.
Reddit Penny Stocks to Watch #2: DatChat, Inc. (NASDAQ: DATS)
DATS is a tech company that offers a private social network and messaging app.
It’s a recent IPO that started running after its breakout to new all-time highs on August 18.
The stock received mentions in the Reddit penny stock daily thread on August 20. It’s already had multiple green days in a row, so I wouldn’t chase it. I’ll watch it for a dip buy into any big panic.
Reddit Penny Stocks to Watch #3: ProBility Media Corporation (OTCPK: PBYA)
PBYA’s an e-learning and training company.
It’s another multi-day runner. The company’s been pumping out regular press releases like its recent training contract with Ford Motor Company (NYSE: F), debt settlement news, and a pending acquisition and name change.
One Reddit trader thinks this penny stock “is going parabolic.”
I’ve been watching and trading it for months…
My most recent trade was on August 23 when I bought the breakout to new 52-week highs. I bought 295,400 shares at $0.0166 and sold at $0.0175 for a small gain of $226.* See all my PBYA trades here.*
Now I’m watching it for a morning panic dip buy only.
Reddit Penny Stocks to Watch #4: Therapeutic Solutions International, Inc. (OTCPK: TSOI)
TSOI develops immune modulation agents to treat various diseases.
Like PBYA, this biotech’s been pumping out press releases regularly. The news brought in high volume and created a massive multi-day run.
On August 20 the stock was mentioned in the daily thread. One trader said, “If you’re not in yet, don’t fret, we’ve got a ton of upside … Now is a great time.”
Don’t listen to any of that BS. Most penny stocks eventually fail. So I hope Reddit traders sell into strength…
On August 20 and 23 the stock had intraday panics. It’s another stock I’ll watch for a morning panic.
Reddit Penny Stocks to Watch #5: DarkPulse, Inc. (OTCPK: DPLS)
DPLS is a tech-security company that offers two security platforms.
The stock spiked 10% on August 20 after the company announced its subsidiary won a security contract for two major power plants in Libya.
Read the full press release here.
I’ve traded DPLS multiple times over the last year but I haven’t had the best timing. My latest trade was on August 16, and I took a $1,571 loss. I’m actually red on my DPLS trades overall. But losses can offer great trading lessons. Check out all my DPLS trades here.*
I need to see one of my favorite patterns with high volume and news before I plan another trade in this ticker.
More Reddit Stocks to Watch
What else is trending on Reddit? Here are some stocks seeing increased chatter in the chat rooms. But remember, a lot of the traders in these chat rooms are HODLing.
They’re more like investors or swing traders than day traders. It seems many believe in these companies. I think that’s a huge mistake…
Prepared traders don’t get sucked into the chatter. Use the volume and hype to trade repeating patterns then move on to the next.
Over on WallStreetBets, Pfizer Inc. (NYSE: PFE) was one of the top mentioned stocks after the FDA approved PFE’s COVID-19 vaccine and the company announced it’s acquiring Trillium Therapeutics Inc. (NASDAQ: TRIL) for $2.3 billion.
Here’s what else is trending with Reddit penny stock traders:
- Support.com, Inc. (NASDAQ: SPRT): SPRT continues to receive mentions on the Reddit penny stock page. It broke out to new 52-week highs on August 23, so we’ll see if we get the squeeze Reddit traders have been waiting for. Shareholders will vote on the company’s proposed merger with crypto mining company Greenidge Holdings on September 10.
- Creative Medical Technology Holdings, Inc. (NASDAQ: CELZ): CELZ is one of Reddit traders’ fave biotech stocks. Traders are HODLing, thinking there’ll be positive drug news in the future. It looks like a boring stock to me — no volume, pattern, or recent news.
See the Penny Stocks I’m Watching
Want to know which stocks I’m watching each week?
Subscribe to my no-cost weekly watchlist. I’ll send my list of the top stocks to watch to your inbox every Sunday.
If you want even more stocks to watch, keep up with my blog. I update these watchlists every week:
- Top Biotech Penny Stocks to Watch
- Top Penny Stocks List and Weekly Update
- The Best Crypto Penny Stocks to Watch Now
I also send my daily watchlist and game plan to Profit.ly subscribers every morning. There are three ways to get it. Get a Profit.ly subscription for access.
But I don’t want you to blindly follow stock picks and alerts from anyone — including me. Learn the reasons behind my trades and stock picks. Then learn to find your own. Become self-sufficient just like my top students…
And all of my 10+ millionaire students have come from my Trading Challenge.*
If you’re accepted you’ll get access to all my top trading education resources — video lessons, webinars, all my DVDs, plus access to the top Challenge traders in my chat room.
If you’re truly dedicated to learning the process and mindset it takes to make it in the markets long term — apply to the Trading Challenge today.
The Final Word on Reddit Penny Stocks
Reddit chat rooms have the potential to push stocks higher. They can create giant short squeezes and supernovas. We’ve seen it happen in the past.
And although the past doesn’t repeat itself exactly, it often rhymes.
I’m in no way saying run out and buy these Reddit penny stocks. The chat rooms can be full of promoters and bots just as much as Twitter. But stocks with high volume and hype could present opportunities. So watch them for potential plays.
But always have a trading plan and stay disciplined. And never believe the hype.
Not sure which pattern or strategy is best for you? Watch the market, practice by paper trading on StocksToTrade**, and study all my trading education resources.
And when you’re ready, apply for my Trading Challenge.
Which of these Reddit penny stocks do you think has the most potential? Let me know in the comments … I love to hear from you!
Disclaimers
*This level of successful trading 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
**Tim Sykes has a minority ownership stake in StocksToTrade.com.
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