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Morpheus Trading Group
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Deron Wagner is the founder and portfolio manager of Morpheus Trading Group. His daily focus is managing and trading the Morpheus Capital Hedge Fund, which he founded in April of 2004. He also teaches his swing trading strategy with The Wagner Daily newsletter, which provides exact entry, exit,... More
My company:
Morpheus Trading Group
My blog:
Morpheus Trading Group - swing trading blog
My book:
Advanced Technical Analysis of ETFs
  • How To Trade “Blast Off” Breakout Stocks For Gains Of 50% Or More 0 comments
    Jan 6, 2014 2:28 PM | about stocks: KNDI

    On December 31, 2013, we sold our position in Kandi Tech Corp ($KNDI) for a price gain of 60% over a 3-week holding period.

    Scoring a gain of more than 50% on a stock trade of only a few weeks duration may seem unusual, but it actually is not.

    These trading opportunities happen on a regular basis, but the key is knowing how to identify the technical criteria that typically precedes such moves. This is where the "Blast Off" breakout setup comes into play.

    One of three different types of breakout stock trades we target, the Blast Off setup seeks to identify one-day price gains of 4% or greater, backed by massive volume spikes.

    Typically, these are low-priced, small-cap NASDAQ stocks in the $5 to $10 range, but never penny stocks (which are easily manipulated and a playground for scammers).

    Whenever a stock meets our initial criteria for a potential Blast Off trade setup, we add the stock to our internal breakout watchlist, then patiently wait for a proper, low-risk entry point to catch the next momentum wave higher.

    In our new 4-minute trading strategy video, we walk you step-by-step through the exact technical criteria that helped us identify $KNDI as a Blast Off candidate in early December, which subsequently led to a 60% winner less than one month later.

    VIEW THE VIDEO on our blog.

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    DISCLAIMER: There is a risk for substantial losses trading securities and commodities. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities. Morpheus Trading, LLC (hereinafter "The Company") is not a licensed broker, broker-dealer, market maker, investment banker, investment advisor, analyst or underwriter. This discussion contains forward-looking statements that involve risks and uncertainties. A stock's actual results could differ materially from descriptions given. The companies discussed in this report have not approved any statements made by The Company. Please consult a broker or financial planner before purchasing or selling any securities discussed in The Wagner Daily (hereinafter "The Newsletter"). The Company has not been compensated by any of the companies listed herein, or by their affiliates, agents, officers or employees for the preparation and distribution of any materials in The Newsletter. The Company and/or its affiliates, officers, directors and employees may or may not buy, sell or have positions in the securities discussed in The Newsletter and may profit in the event the shares of the companies discussed in The Newsletter rise or fall in value. Past performance never guarantees future results.

    © 2002-2013 Morpheus Trading, LLC
    Reproduction without permission is strictly prohibited.

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