Hey there, fellow traders! It’s Barrie Einarson from Trade Ideas, and today, I’m thrilled to walk you through a recent trade that unfolded in a way that perfectly captures the essence of successful trading strategies. Strap in as we dissect the details of this trade and uncover the valuable lessons it holds.

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Let’s zero in on MNMD, a stock that I had previously tagged as the “trade of the week” a few weeks back. Initially, it didn’t show much movement, but a trigger at $5 caught my attention. The real game-changer, however, was an alert from our trusty A.I. system, flashing at 883 at 940.

Here’s the kicker – right after the alert, the stock took a nosedive, defying expectations. Now, you know me; I steer clear of the first 15 minutes of trading. True to form, MNMD dropped all the way back down to 780.

But this is where the plot thickens. I shared a nugget of wisdom with my fellow traders: set an alert around 890 and see if the stock comes back to the original alert price. And let me tell you, that patience paid off in spades.

MNMD not only bounced back but shot up to a whopping $11.11. That, my friends, is the beauty of waiting for the second break and steering clear of the initial 15 minutes.

That, my friends, wraps up the play-by-play of our MNMD adventure. As we unravel these trading tales together, remember that the market is a wild ride, but with the right strategy, a bit of patience, and a dash of discipline, you can turn those twists and turns into profitable opportunities. Until the next trade, happy trading, and may the market odds be ever in your favor!