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).
Sami Abusaad had a SHOCKING gain in $WVE.
And $ERIC too.
Here's how it went down: pic.twitter.com/ydAb1B5UY1
— T3 Live (@t3live) October 17, 2024
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?