A Trader’s Tale of Seizing Opportunity

A Trader’s Tale of Seizing Opportunity

Mar 13, 2024

Hey there, fellow traders! It’s Barrie Einarson here, back with another thrilling edition of “What Makes This Trade?” Today, I’ve got quite the rollercoaster ride to share with you all.

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So, picture this: I receive an alert about a stock hovering around the $28 mark. Boom! It gets halted right then and there. Now, any seasoned trader knows that a halt can mean one thing—volatility ahead.

Now, why did the stock $SWIN catch my eye in the first place? Well, it popped up on my strength leader scan, indicating some serious potential. But here’s the kicker—I remembered this one. Yes, indeed! Just a few days back, it soared to $65, and not long after, it flirted with $43. Those numbers don’t lie, folks.

Now, I’ll be honest with you—I usually don’t dive into trades like this. But something about this one had me intrigued. So, I set my sights on a sturdy entry point. My price alert was set at a green line, but man, oh man, that stock was moving like greased lightning! Nevertheless, I took the plunge at $32.50, with a tight stop at $30.

Now, did everything go according to plan? Not quite. I didn’t snag as many shares as I wanted, but hey, that’s the game we play, right? Fast forward a bit, and this stock is hitting highs I couldn’t have imagined. We’re talking $72 here, folks! And guess what? It got halted not once, not twice, but a whopping five times before it finally gave it all up.

Now, here’s the kicker—there wasn’t any groundbreaking news fueling this frenzy. Nope, just your classic trading vehicle doing what it does best—keeping us on our toes. And let me tell you, looking at that daily chart was a thing of beauty. We even smashed through that $73 high like it was nothing!

Now, if you were in the trading room with me, you’d know exactly what I’m talking about. The energy was electric, the excitement palpable. It’s moments like these that remind me why I love this game.

So, there you have it, folks—a wild ride from start to finish. Who knows what tomorrow will bring, but one thing’s for sure—I’ll be ready and waiting for the next opportunity to strike.

Until then, happy trading!