Looking to make spare change with low-risk trades in a cheap stock? Here’s an easy one in Uber that netted a $70 gain on 400 shares in under an hour. The stock sells for around $32, making it cheap enough for even a $10,000 account to comfortably handle the margin on four round lots. We used an rABC pattern with a point ‘C’ high that was established after the session ended. From the time the trade triggered it took exactly 41 minutes to touch the red line where 50%-100% could have been covered. The low went on to touch p2, which would have been worth an additional $70 in profits. One trade like this one every day and you’ll have an extra $35,000 to spend at the end of the year.
