DELAFIELD, Wis. ( Stockpickr) -- There isn't a day that goes by on Wall Street when certain stocks trading for $10 a share or less don't 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.>>5 Big Stocks to Trade for Gains Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including Jakks Pacific ( JAKK), which soared higher by 25%; Career Education ( CECO), which jumped higher by 15%; Vicor ( VICR), which ripped higher by 13.8%; and Immunomedics ( IMMU), which spiked higher by 12.2%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading. One low-priced stock that recently soared higher was biopharmaceutical player Pain Therapeutics ( PTIE), which I highlighted in Oct. 11's " 5 Stocks Ready to Break Out" at $2.80 per share. I mentioned in that piece that shares of Pain Therapeutics had formed a major bottoming pattern, since the stock was finding buying interest each time it pulled back to around $2.50 a share. Shares of PTIE were then starting to spike higher and challenge both its 50-day and 200-day moving averages. That move was quickly pushing shares of PTIE within range of triggering a major breakout trade above some near-term overhead resistance at $3.05 a share. >>5 Stocks Insiders Love Right Now Guess what happened? Shares of Pain Therapeutics didn't wait long to trigger that breakout, since the stock explode to the upside on October 17 with heavy upside volume. Then on October 22, shares of PTIE exploded again with monster upside volume, and the stock hit an intraday high of $4.24 a share. That represents a monster gain of over 50% in just two weeks for anyone who bought this stock and played the technical breakout. 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. >>5 Hated Earnings Stocks You Should Love 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.