Top Trade Update - November
Wondering what have been the best trades on the Trade Exchange platform this month? We’ve been booking highly profitable trades from our expert partners through November. Congratulations to the those who followed these trades! Every trade from each of our partners is tracked and verifiable using our patented analytics. Here are just a few.
RIOT: +71% in 3 weeks – Bull & Bear Trading
The blockchain trend is unmistakable and our experts can help to find great ways to capitalize. Terry Donahue, Bull & Bear: “Riot Blockchain is an underfollowed play on Bitcoin, until 11/17 when it jumped 71%. This crypto miner exploded as the market recognized its exposure to the recent move up in Bitcoin. Actually, it was surprising that the market took so long to identify the opportunity. It was only a matter of time before the market recognized RIOT’s exposure to this crypto trade.”
MRNA: +41% in 2 weeks – Turbo Trading
The Covid-19 vaccine is another trend that offers promise, but it is highly volatile and timing matters. Bob Knight, Turbo Trading: “MRNA was trading on support on November 2 at $67 and as the leading candidate for the Covid vaccine, we thought it was a great entry opportunity. We booked profits on 11/16 upon news of their positive results. Even though this was a highly speculative trade, the risk/reward tradeoff was extremely attractive.”
KNDI: +51% in 3 days – viditrade
Finding laggards within the hot electric car sector ripe for rotation. Rod David, viditrade: “Trending down ahead of a secondary offering, KNDI met and held projected targets, causing it to lag behind other sector components that were surging. Price action was becoming distributive at targets, so I anticipated rotation into the sector’s laggards would force a slingshot effect that was immediate.”
DNKN: +26% in 3 weeks – Alpha Insights
Opportunities also lie with everyday brands you encounter in your neighborhood. Jeffrey Huge, Alpha Insights: “People sell for a lot of reasons, but they only buy for one. When a stock is making persistent new 52-week highs day after day, it’s informative. In the case of Dunkin’ Brands, it was knowledge of a potential buyout offer. Upon reading the news of a possible $105/share private equity bid just three weeks later, we saw an opportunity to exit the trade at what turned out to be 97.5% of the maximum upside potential, with 100% certainty of a very nice profit.”
DISCLAIMER: While these ideas (dates, times and purchase/sale prices for entry and exits) have been documented within Trade Exchange’s system, these are examples of past performance and not an indicator or promise of future performance. Individuals who follow experts featured on the Trade Exchange assume all risks and take full responsibility for unveiling and following ideas, whether they execute trades in their linked brokerage account through the Trade Exchange app or in their brokerage accounts that are not linked via the Trade Exchange app. Trade Exchange strongly encourages everyone to review all the trades posted by a partner, as many lose money. All results – including entry and exit prices – are available for review.