Dang! I missed it!

Charles Schaap - September 22, 2013

So many times, we wait to buy a stock because we want more proof that it is going up. And so many times, we lose track of the stock, and when we check back to see how it's doing, we find out that the stock broke out without us on board. At that point, we usually figure it's too late to buy since we missed the big move. We're left scratching our heads, and saying, Dang!, I missed it!

This scenario happens a lot, and it's usually just a matter of focus. Setting price or indicator alerts can help you stay on top of a stock's progress while you wait to buy it. You can also set a buy stop (limit) order that is GTC (good 'til cancelled), but then you have to pay attention to the order. Make sure you're set up to receive an email or text when an order is executed.

Here's a stock pick that you can try not to miss. At only $9, it has the potential to be a long-term hold. E-Commerce China DangDang (DANG) is an online business-to-customer e-commerce company that sells educational materials (books, DVDs, and periodicals) and a host of other merchandise (beauty, luggage, electronics, children's, etc). The IPO stock was released in 2011 at around $36, and it hit a low of $3 in 2012. It is now forming a cup pattern after having successfully tested the 50 day EMA. The breakout of a cup would be above the prior intermediate-term high (left side of cup) at $12.00 or on a new short-term high (if the pattern forms a handle).

There's plenty of time to find a good entry with DANG. So set your alerts! I don't want to hear anyone say, DANG! I missed it!

(Note: IPOs are higher risk trades, so manage risk accordingly.)

ProSelect Stock Gains for September

SOLD for +87% Gain

QIHU Triggered on 6/19/13 and 25% of the position was sold on 9/16/13 for a 87% gain.

SOLD for +22% Gain

HEI Triggered on 6/11/13 and 50% of the position was sold on 9/2/13 for a +22% gain.

SOLD for +36% Gain

JAZZ Triggered on 5/28/13 and 25% of the position was sold on 9/2/13 for a +36% gain.

SOLD for +61% Gain

SFUN Triggered on 7/16/13 and 25% of the position was sold on 9/3/13 for a +61% gain.

SOLD for +48% Gain

NUS Triggered on 7/8/13 and 25% of the position was sold on 9/13/13 for a +48% gain.

SOLD for a +16.42%

QCOR triggered on 7/29/13 and 25% of the position was stopped out on 9/20/2013 for a +16.42% gain.

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Important Disclaimer:

The information presented in the Stock Pick of the Week is for informational purposes. The information was based on data and charting programs from independent services and CC Trader LLC d/b/a TradeLikeaPro does not guarantee the accuracy of the information used in the analysis of securities presented. The information is not offered as a basis for making trading decisions based on securities presented. Investors and traders should conduct their own independent research before making any investment. Nothing contained herein should be construed as a recommendation to buy or sell any securities. Investing and trading involves risk. Before deciding on any investment, you should consider your investment objectives, level of experience, and risk tolerance. Do not trade with money you cannot afford to lose. You should seek investment advice from a professional investment advisor before engaging in investment activities.

Traders should check numbers for accuracy before relying on them for trading decisions because typographical errors will sometimes occur.

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