{"id":52524,"date":"2020-11-23T15:06:43","date_gmt":"2020-11-23T20:06:43","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=52524"},"modified":"2020-11-27T14:05:26","modified_gmt":"2020-11-27T19:05:26","slug":"sami-abusaad-corsair-crsr-stock","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2020\/11\/23\/sami-abusaad-corsair-crsr-stock\/","title":{"rendered":"Corsair (CRSR): How We Made 56% on the World\u2019s #1 Gaming Stock"},"content":{"rendered":"<p><span><img loading=\"lazy\" decoding=\"async\" alt=\"\" data-id=\"52536\" width=\"883\" data-init-width=\"1000\" height=\"353\" data-init-height=\"400\" title=\"sami-corsair-crsr-stock-sony-playstation\" loading=\"lazy\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2020\/11\/sami-corsair-crsr-stock-sony-playstation.png\" data-width=\"883\" data-height=\"353\"><\/span><\/p>\n<p dir=\"ltr\">Forget the <strong>Sony<\/strong> (SNE) Playstation 5 and <strong>Microsoft<\/strong> (MSFT) Xbox Series X &#8212; the <strong>Corsair<\/strong> (CRSR) explosion is the #1 story in gaming &#8212; at least for traders.<\/p>\n<p dir=\"ltr\">In fact, Corsair just became <a href=\"https:\/\/www.t3live.com\/blog\/sami-abusaad-strategic-swing-trader\/\" style=\"outline: none;\">Strategic Swing Trader\u2019s<\/a> #2 Play in November with a 56% gain in 7 days.*<\/p>\n<p dir=\"ltr\"><em>*We nailed a 59% gain in CYH, but it\u2019s not as fun a story!&nbsp;<\/em><\/p>\n<p dir=\"ltr\">Corsair came on my radar on November 10 when a subscriber asked me what I thought of the stock. I was not crazy about the chart, but I kept an eye on it.<\/p>\n<p dir=\"ltr\">On November 12, Corsair put in a narrow range bar, which made me think it could be on the verge of a Daily Breakout.<\/p>\n<p><span><img loading=\"lazy\" decoding=\"async\" alt=\"\" data-id=\"52598\" width=\"800\" data-init-width=\"1055\" height=\"668\" data-init-height=\"881\" title=\"corsair-crsr-stock-sami-trade-breakdown-nrb\" loading=\"lazy\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2020\/11\/corsair-crsr-stock-sami-trade-breakdown-nrb.png\" data-width=\"800\" data-height=\"668\" style=\"\"><\/span><\/p>\n<p dir=\"ltr\">So on Monday, November 17, Corsair went in the Strategic Swing Trader newsletter as a Long Trade with the following parameters:<\/p>\n<ul>\n<li dir=\"ltr\"><strong><span style=\"color: rgb(10, 10, 10);\">Entry<\/span><\/strong><span style=\"color: rgb(10, 10, 10);\">: $29.51 (just over Friday\u2019s high)<\/span><\/li>\n<li dir=\"ltr\"><span style=\"color: rgb(10, 10, 10);\"><strong>Stop<\/strong>: $27.49<\/span><\/li>\n<li dir=\"ltr\"><span style=\"color: rgb(10, 10, 10);\"><strong>Target<\/strong>: TBD<\/span><\/li>\n<li dir=\"ltr\"><span style=\"color: rgb(10, 10, 10);\"><strong>Strategy:<\/strong> Daily Breakout<\/span><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"\"><span style=\"color: rgb(10, 10, 10);\">Corsair hit the $29.51 entry price before 10 a.m. that Monday, so we were triggered long.<\/span><\/p>\n<p><span><img loading=\"lazy\" decoding=\"async\" alt=\"\" data-id=\"52597\" width=\"800\" data-init-width=\"1055\" height=\"669\" data-init-height=\"882\" title=\"corsair-crsr-stock-sami-trade-breakdown-entry\" loading=\"lazy\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2020\/11\/corsair-crsr-stock-sami-trade-breakdown-entry.png\" data-width=\"800\" data-height=\"669\" style=\"\"><\/span><\/p>\n<p dir=\"ltr\">And immediately, it powered up big time. Let\u2019s talk about why.<\/p>\n<p dir=\"ltr\">Corsair has a very sexy story as a pure play on the booming PC gaming and streaming market. Corsair a well-known gaming brand, but very few traders even knew it was publicly traded. The September IPO didn\u2019t get much attention, but that was a positive &#8212; the chart got us in before the stock was on Wall Street\u2019s radar.<\/p>\n<p dir=\"ltr\">Also important to note: Corsair has a tiny float of 17.7 million shares, so even a small amount of buying could blast it into orbit. I would guess the Robinhooders of the world were bidding the stock up like mad.<\/p>\n<p dir=\"ltr\">After the initial pop, we had two surprise news events &#8212; which is not uncommon when you nail the chart setup.<\/p>\n<p dir=\"ltr\">On Tuesday, November 17, Corsair CEO Andy Paul appeared on Jim Cramer\u2019s Mad Money on CNBC. Corsair was already acting like a classic momentum fad stock, and Jim Cramer gave it a much bigger spotlight.<\/p>\n<p dir=\"ltr\">The stock just kept running and running higher. And then on Sunday, November 22, &nbsp;<a href=\"https:\/\/www.fool.com\/investing\/2020\/11\/22\/heres-why-the-best-yet-come-for-corsair-gaming\/\" style=\"outline: none;\">The Motley Fool<\/a> came out bullish on Corsair, saying <em>\u201cthe best is yet to come.\u201d<\/em><\/p>\n<p><span><img loading=\"lazy\" decoding=\"async\" alt=\"\" data-id=\"52595\" width=\"800\" data-init-width=\"1055\" height=\"668\" data-init-height=\"881\" title=\"corsair-crsr-stock-sami-trade-breakdown-motley-fool\" loading=\"lazy\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2020\/11\/corsair-crsr-stock-sami-trade-breakdown-motley-fool.png\" data-width=\"800\" data-height=\"668\" style=\"\"><\/span><\/p>\n<p dir=\"ltr\">Corsair rallied hard again on Monday after the Motley Fool story hit, reaching a fresh high of $43.89!<\/p>\n<p dir=\"ltr\">We took profit on the first half at $44.60 for a 51% profit.<\/p>\n<p dir=\"ltr\">Then, we exited the second half Wednesday at $47.60 for a 61% gain.&nbsp;<\/p>\n<p><span><img loading=\"lazy\" decoding=\"async\" alt=\"\" data-id=\"52593\" width=\"800\" data-init-width=\"1054\" height=\"669\" data-init-height=\"882\" title=\"corsair-crsr-stock-sami-trade-breakdown-exit-2\" loading=\"lazy\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2020\/11\/corsair-crsr-stock-sami-trade-breakdown-exit-2.png\" data-width=\"800\" data-height=\"669\" style=\"\"><\/span><\/p>\n<p dir=\"ltr\">51% and 61% averages out to 56%<\/p>\n<p dir=\"ltr\">Now, why did we get out? Simple &#8212; the stock was going climactic. The daily bars were growing so big that I was afraid of a flat out crash once momentum slowed. I did not want to risk giving back a 50%+ gain.<\/p>\n<p dir=\"ltr\">And over the next 2 days, Corsair did in fact crash 25% off the highs in 2 days, as you can see in this chart:<\/p>\n<p><span><img loading=\"lazy\" decoding=\"async\" alt=\"\" data-id=\"52644\" width=\"800\" data-init-width=\"1054\" height=\"670\" data-init-height=\"883\" title=\"sami-crsr-trade-breakdown UPDATED final\" loading=\"lazy\" src=\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2020\/11\/sami-crsr-trade-breakdown-UPDATED-final.png\" data-width=\"800\" data-height=\"670\" style=\"\"><\/span><\/p>\n<p dir=\"ltr\">Let\u2019s recap the 3 lessons you can learn from our #2 trade in November:<\/p>\n<p><strong>1) Do Not Trust a Hot Story Without a Technical Confirmation&nbsp;<\/strong>Corsair\u2019s story was picture perfect &#8212; a hot PC gaming and streaming brand that 99% of traders never heard of. But the chart needed to set up before we bought.<\/p>\n<p><strong>2) When You Nail the Setup, the News Tends to Go Your Way<\/strong>No one could have predicted we\u2019d get assists from Jim Cramer and the Motley Fool. But when you get the setup right, the news tends to go your way.<\/p>\n<p><strong>3) Sometimes You Can\u2019t Put a Hard Target on a Stock<\/strong>It would have been hard to predict Corsair going from $29.51 to $45.69 in a week, but it was a hot story stock that\u2019s exploding on social media. Names like this can run faster than you think.<\/p>\n<p dir=\"ltr\">Finally, I\u2019ll issue 2 words of warning:<\/p>\n<ol>\n<li dir=\"ltr\">If you are day trading Corsair, be very careful because even up here at $44+, it has a pretty wide spread and you can get chopped up easily.<\/li>\n<li dir=\"ltr\">Thanksgiving week is always a tricky time for the market, and with low overall volumes, stocks like CRSR can really take you for a ride (up or down).<\/li>\n<\/ol>\n<p dir=\"ltr\">Take care! And if you want my next big swing idea, give <a href=\"https:\/\/www.t3live.com\/blog\/sami-abusaad-strategic-swing-trader\/\" target=\"_blank\" style=\"outline: none;\" rel=\"noopener noreferrer\">Strategic Swing Trader<\/a> a try!<\/p>\n<p dir=\"ltr\">Or you can check out <a href=\"https:\/\/vp301.infusionsoft.app\/app\/storeFront\/showStoreFront?styleThemeId=122\" style=\"outline: none;\">our Black Friday deals<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forget the Sony (SNE) Playstation 5 and Microsoft (MSFT) Xbox Series X &#8212; the Corsair (CRSR) explosion is the #1 story in gaming &#8212; at least for traders. In fact, Corsair just became Strategic Swing Trader\u2019s #2 Play in November with a 56% gain in 7 days.* *We nailed a 59% gain in CYH, but it\u2019s not as fun a story!&nbsp; Corsair came on my radar on November 10 when a subscriber asked me what I thought of the stock. I was not crazy about the chart, but I kept an eye on it. On November 12, Corsair put in a narrow range bar, which made me think it could be on the verge of a Daily Breakout. So on Monday, November 17, Corsair went in the Strategic Swing Trader newsletter as a Long Trade with the following parameters: Entry: $29.51 (just over Friday\u2019s high) Stop: $27.49 Target: TBD Strategy: Daily Breakout Corsair hit the $29.51 entry price before 10 a.m. that Monday, so we were triggered long. And immediately, it powered up big time. Let\u2019s talk about why. Corsair has a very sexy story as a pure play on the booming PC gaming and streaming market. Corsair a well-known gaming brand, but very few traders even knew it was publicly traded. The September IPO didn\u2019t get much attention, but that was a positive &#8212; the chart got us in before the stock was on Wall Street\u2019s radar. Also important to note: Corsair has a tiny float of 17.7 million shares, so even a small amount of buying could blast it into orbit. I would guess the Robinhooders of the world were bidding the stock up like mad. After the initial pop, we had two surprise news events &#8212; which is not uncommon when you nail the chart setup. On Tuesday, November 17, Corsair CEO Andy Paul appeared on Jim Cramer\u2019s Mad Money on CNBC. Corsair was already acting like a classic momentum fad stock, and Jim Cramer gave it a much bigger spotlight. The stock just kept running and running higher. And then on Sunday, November 22, &nbsp;The Motley Fool came out bullish on Corsair, saying \u201cthe best is yet to come.\u201d Corsair rallied hard again on Monday after the Motley Fool story hit, reaching a fresh high of $43.89! We took profit on the first half at $44.60 for a 51% profit. Then, we exited the second half Wednesday at $47.60 for a 61% gain.&nbsp; 51% and 61% averages out to 56% Now, why did we get out? Simple &#8212; the stock was going climactic. The daily bars were growing so big that I was afraid of a flat out crash once momentum slowed. I did not want to risk giving back a 50%+ gain. And over the next 2 days, Corsair did in fact crash 25% off the highs in 2 days, as you can see in this chart: Let\u2019s recap the 3 lessons you can learn from our #2 trade in November: 1) Do Not Trust a Hot Story Without a Technical Confirmation&nbsp;Corsair\u2019s story was picture perfect &#8212; a hot PC gaming and streaming brand that 99% of traders never heard of. But the chart needed to set up before we bought. 2) When You Nail the Setup, the News Tends to Go Your WayNo one could have predicted we\u2019d get assists from Jim Cramer and the Motley Fool. But when you get the setup right, the news tends to go your way. 3) Sometimes You Can\u2019t Put a Hard Target on a StockIt would have been hard to predict Corsair going from $29.51 to $45.69 in a week, but it was a hot story stock that\u2019s exploding on social media. Names like this can run faster than you think. Finally, I\u2019ll issue 2 words of warning: If you are day trading Corsair, be very careful because even up here at $44+, it has a pretty wide spread and you can get chopped up easily. Thanksgiving week is always a tricky time for the market, and with low overall volumes, stocks like CRSR can really take you for a ride (up or down). Take care! And if you want my next big swing idea, give Strategic Swing Trader a try! Or you can check out our Black Friday deals.<\/p>\n","protected":false},"author":21,"featured_media":28171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[644],"tags":[],"class_list":["post-52524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sami-abusaad"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/52524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=52524"}],"version-history":[{"count":35,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/52524\/revisions"}],"predecessor-version":[{"id":52645,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/52524\/revisions\/52645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/28171"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=52524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=52524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=52524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}