Unveiling a Great Trade with Barrie Einarson

Unveiling a Great Trade with Barrie Einarson

Jun 14, 2024

Hello traders! Barrie Einarson here from Trade Ideas, bringing you today’s edition of “What Makes This Trade Great.”

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Today, I want to dive into an intriguing trade involving KAVL, which we all noticed during the pre-market hours. It was an exceptional trade, and here’s why it stood out.

Pre-Market Activity
In the pre-market, KAVL caught our attention. The stock, initially priced at around 94 cents, showed a significant upward movement, reaching $4.15 before experiencing a slight increase. This initial surge was impressive and hinted at potential activity once the market opened.

Before the market opened, the stock had pulled back to $3.51. This retracement made me wonder if the opportunity was over. However, the real action began once the market opened.

By 9:40 AM, the stock presented another exciting opportunity. Despite my usual strategy of avoiding trades in the first 15 minutes, the alert from our AI at $4.14 was too compelling to ignore. I decided to take the trade, and it turned out to be a great decision.

While I didn’t hold on to the stock all the way up to its peak at $8, it was still a fantastic trade. The initial green candle showed a significant move from $4, almost doubling in value. This remarkable performance provided an excellent trading opportunity for many in our trading room.

Alert Monitoring: Paying attention to pre-market alerts can highlight potential trades.
Float Size: KAVL had a tiny float, contributing to its rapid price movement.
Adaptability: Being flexible with trading strategies, especially when alerted by AI, can lead to significant gains.
Thank you for joining me today. I hope you found this trade analysis insightful. If you have not signed up try us out out today. Have a great weekend, and I’ll see you Monday morning. I’ll be on the mic at 9 AM Eastern Time, ready to kick off another week of trading!

Happy trading, everyone!