Enter DARA position for speculative biotech swing trade

Successful entry into DARA short term swing trade. Entry point $0.445 on 4/12. 5% Trailing stop. Profit target $0.55.

The Daily Income for Life strategy uses risky, speculative trades like this to increase capital. The capital goes into income stocks for longer term security and dividend and royalty income streams.

The trailing stop trigger after one day is $0.456. So this trade is profitable day 1 due to the high of  $0.48 causing the trailing stop to be higher than the entry point. It doesn't seem much but on a speculative biotech penny stock that one cent between the entry and the trailing stop trigger means my money is safe. That's important when you are trading thousands of shares of your own money on a speculative sector.

Buy signals for this trade were the declining volume on the second graph, the MACD cross (blackline crossing red) on the second graph, and the uptick in RSI on the third graph. Biotechs often get lightly traded, and then explode on the next news release, amplifying a swing trend.

The profit target of $0.55 will needs some good news. If nothing happens, the trailing stop will close the trade out at some point with a small profit. I don't really care when or how much at this point.