WINDERMERE, Fla. ( Stockpickr) -- Every day, certain stocks trading for $10 a share or less experience massive spikes higher. Traders savvy enough to follow the low-priced names and trade them with discipline and sound risk management are banking ridiculous coin on a regular basis.Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including Chelsea Therapeutics ( CHTP), which skyrocketed 153%; Novogen ( NVGN), which soared by 25.9%; Cornerstone Therapeutics ( CRTX), which exploded 24.5%; and China Housing & Land Development ( CHLN), which ripped higher by 24.8%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading. >>5 Big Stock Charts You Need to See One low-priced stock that recently exploded higher was chemical manufacturing player BioFuel Energy ( BIOF), which I highlighted in Feb. 8's " 5 Stocks Showing Major Breakouts" at around $4.74 a share. I mentioned in that piece that shares of BIOF had been downtrending badly for the last four months. Despite that downtrend, shares of BIOF were just starting to bounce off some near-term support levels at $4 to $4.30 a share, and it was quickly moving within range of triggering a major breakout trade above some near-term overhead resistance levels at $5.21 to $5.66 a share. Guess what happened? Shares of BIOF started to trigger that breakout trade on Feb. 14 with above-average volume after the stock closed at $5.50 a share. The following day, BIOF exploded to the upside with huge volume and closed at $6.83 a share. The stock went on to hit a near-term high of $7.25 on Feb. 19, which represents a massive gain for anyone who played that breakout. The best part about this BIOF trade was that market players had plenty of conformation that a big move was possible because heavy upside volume was flowing into the stock as it took out those key resistance levels. >>5 Stocks Set to Soar on Bullish Earnings Low-priced stocks are something that I tweet about on a regular basis. I frequently flag high-probability setups, breakout candidates and low-priced stocks that are acting technically bullish. I like to hunt for low-priced stocks that are showing bullish price and volume trends, since that increases the probability of those stocks heading higher. These setups often produce monster moves higher in very short time frames. I'm not as eager to recommend investing long-term in stocks that trade less than $10 a share because these names can be very speculative, and the odds for picking the long-term winners aren't great. But I definitely love to trade stocks that are priced below $10. I like to view them as a trading vehicle with lots of volatility and lots of upside when the trade is timed right. >>4 Stocks Ready for Big Dividend Hikes in 2013 When I trade under-$10 names, I do it almost entirely based off of the charts and technical analysis. I also like to find under-$10 names with a catalyst, but that's secondary to the chart and volume patterns. With that in mind, here's a look at several under-$10 stocks that look poised to potentially trade higher from current levels. >>Hedge Funds Hate These 5 Stocks -- but Should You?