There's only one thing worse than losing money, and that's missing opportunities to profit. You know what I mean -- you're sitting there watching a stock move higher every single day and when you look back at the chart, the setup was obvious.

Well, here's a setup that is almost picture-perfect on Lehman Brothers, LEH:

Now that's what I call a SOLID uptrend channel. In fact, you can buy here and put a stop of less than 1% on the trade, with huge upside potential.

Typically, I concentrate on lower-priced stocks with similar setups to this one. By keeping your eye on the longer term charts, you can really cash in on the high-reward, low-risk trade setups that materialize.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.