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69% Gain = $10 Swing Trader’s Best Week Ever

Sami Abusaad's $10 Swing Trader newsletter is having its best week ever, thanks to home runs in Wave Life Sciences (WVE), Ericsson (ERIC), and Lithium Americas (LAC).

WVE is now the single best performer in $10 Swing Trader history, up over 69% from Sami's entry.

On October 16 — just 2 days after Sami's entry — WVE gapped up 74% in one day on positive study data.

And what's Sami doing now?

He's letting his profit run.

Sami sees potential for WVE to hit $30 — a 242% gain from the $8.76 entry.

However, risk management can't be ignored.

As he told $10 Swing Trader members, the stop strategy is now to use a “daily bar-by-bar approach.'

This means he will only exit the trade when it falls below a prior day's low.

Since WVE is a wild biotech stock, this will help Sami protect his gains.

Yes, $30 is possible. But it's not guaranteed.

Now let's talk about Ericsson (ERIC) — a slow, boring, value stock that's been so strong that Sami added on the way up.

Too many traders rush to take profits.

But sometimes, Sami will actually add to a position on the way up to magnify his profits.

In this case, Sami got long ERIC at $6.21 and then added at $6.38.

The game plan now with ERIC is to use $8.09 as a stop.

So in the worst case, he would be up 28% on ERIC. (calculated using an average of his $6.21 and $6.38 buys).

Sami still sees ERIC hitting $9.

Now let's talk about Lithium Americas (LAC).

As of late, stocks related to electricity (utilities, electricity infrastructure, nuclear, uranium, etc.) have been absolutely booming.

In $10 Swing Trader, we positioned into LAC on October 7 with a $2.86 entry based on a Daily Transition A Breakout.

Then on October 16, General Motors (GM) announced it was contributing $625 million to a joint venture with LAC.

So now $10 Swing Trader is sitting on a big gain.

But, the fun may not be over.

Sami sees potential for LAC to hit $6 a share, which would be a 109.7% gain from his original $2.86 entry.

Want to get Sami's next batch of $10 Swing Trades this weekend?

Head here.