{"id":3577,"date":"2014-01-06T11:35:32","date_gmt":"2014-01-06T16:35:32","guid":{"rendered":"http:\/\/www.morpheustrading.com\/blog\/?p=3577"},"modified":"2022-04-06T15:05:48","modified_gmt":"2022-04-06T19:05:48","slug":"blast-off-breakout","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/blast-off-breakout\/","title":{"rendered":"How To Trade “Blast Off” Breakout Stocks For Gains of 50% Or More"},"content":{"rendered":"

\"BlastOn December 31, 2013, we sold our position in Kandi Tech Corp ($KNDI) for a price gain of 60% over a 3-week holding period.<\/strong><\/p>\n

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.<\/p>\n

These trading opportunities happen on a regular basis, but the key is knowing how to identify the technical criteria that typically precedes such moves.\u00a0This is where the “Blast Off” breakout setup comes into play.<\/p>\n

One of three different types of breakout stock trades we target, the Blast Off setup seeks to identify massive volume spikes with large one-day price gains, followed by periods of tight price consolidation.<\/strong><\/p>\n

Typically, these are low-priced, small-cap NASDAQ stocks<\/strong> in the $5 to $10 range, but never<\/em> penny stocks (which are easily manipulated<\/a> and a playground for scammers).<\/span><\/p>\n

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.<\/span><\/p>\n

In the 4-minute video below, 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 in The Wagner Daily<\/em> newsletter<\/a><\/strong> less than one month later.<\/p>\n

For best quality, view the video in full-screen by clicking the rectangle in bottom right of video player window:<\/p>\n

httpvh:\/\/youtu.be\/v0JQJy8tn_g<\/p>\n

Our rule-based swing trading system is designed to profit from three different types of technical trade setups:\u00a0Breakouts (Combo, \u00a0Relative Strength, and Blast Off), Pullbacks, and Trend Reversals.<\/em> For an overview of each of these different types of stock trade setups, check out<\/a>\u00a0our main Stock Trading Strategy page.<\/p>\n

To make sure you don’t miss our next big winning stock pick, start your 30-day risk-free trial subscription<\/a><\/strong> to our swing trading service today.<\/em><\/p>\n