How to Maximize Your Trading Gains with AI Alerts
How to Maximize Your Trading Gains with AI Alerts
Jun 11, 2024
Hello, traders! Barrie Einarson here from Trade Ideas with today’s edition of “What Makes This Trade Great.”To Subscribe: https://go.trade-ideas.com/SHQ
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Today, I want to emphasize a crucial strategy for leveraging our AI alerts effectively. As many of you have noticed, I often highlight the importance of paying attention to AI alerts, and today’s example with the stock $AISP illustrates this perfectly.
Our AI system flagged $AISP at $4.07. Initially, the stock climbed to $4.47 before pulling back. This movement from $4.07 to $4.47 represents a solid gain of approximately 10%. Not bad, right? However, if you missed this initial surge, don’t worry – there’s more to learn and potentially earn.
One key aspect I always stress in our trading room is the value of patience and re-entry. Even if you missed the first opportunity, AI alerts can often present multiple chances. In this instance, $AISP dipped below its initial alert price, reaching a low of $4.01. This is where a strategic re-entry could have been incredibly profitable.
I was particularly watching the $4.16 to $4.17 range, near the VWAP (Volume Weighted Average Price), to see if it could hold. When $AISP started holding and then climbing from $4.23, it became a fantastic opportunity. The stock surged all the way to $5.37, providing a remarkable gain from the re-entry point.
- Don’t Lose Focus: Always keep an eye on the AI alerts throughout the trading day. Initial movements might not be the end of the opportunity.
- Look for Secondary Entries: Stocks often pull back and provide a second chance for entry, sometimes at even more favorable percentages.
- Watch Key Levels: Pay attention to crucial technical levels like VWAP, which can signal strong support or resistance.
This approach can significantly enhance your trading performance, offering better percentage gains and more profitable trades. Remember, the first alert might not be the final opportunity, so stay vigilant and ready to act.
Thank you for joining me today. I’ll see you back in the trading room. Have a great evening and happy trading!