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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