Hey traders, Barrie Einarson here with today’s edition of “What Makes This Trade Great.”

Today, we’re diving into a stock that really made waves in the trading room—GNLN. If you were with us, you might have noticed the action this one brought to the table. Let’s break down what happened and how this trade unfolded.To Subscribe: https://go.trade-ideas.com/SHQ
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The Setup: A Volatile Play

GNLN caught my eye earlier this week. It’s been a wild ride for this stock, and I’m sure many of you were eager to get a piece of the action, just like I was. To give you some context, three days ago, GNLN was trading at a modest $2.38. Then, out of nowhere, it shot up to $21. The catalyst? News broke about their new product—a strip capable of detecting blood alcohol levels, fentanyl, and other substances. Naturally, this kind of news can cause a frenzy in the market, and that’s exactly what happened.

But here’s where it gets interesting. Just three minutes before the market closed two days ago, GNLN announced a financing deal. That move caused the stock to crater, dropping by half its value. It was a sharp turnaround, and the stock became incredibly choppy—up a dollar, down 50 cents, up 50 cents, down 75 cents. It was a rollercoaster, and not an easy one to trade.

The Trade: Timing Is Everything

Yesterday, I was eyeing GNLN, hoping to capitalize on the volatility, but the price action was just too unpredictable. I had to sit on the sidelines, as it never really set up the way I wanted. But today was a different story.

This morning, I was watching GNLN like a hawk. It looked like it was trying to hold its ground, so I waited for the right moment. The stock dipped, and I entered the trade at $11.39, just before it started making its move. From there, GNLN climbed all the way up to $15.

I’d love to say I held it from $11.39 all the way to $15, but that’s not how it went. Given the stock’s recent behavior, I decided to lock in some profits as it climbed. I took some off the table around the $13 level and more just under $15. It was a strong trade for the first 15 minutes—precisely the kind of quick action we love in the trading room.

The Aftermath: Stay Cautious

After that initial surge, GNLN returned to its volatile ways, and I decided it was time to step out. I was considering holding on to see if it could break the high of the day, but the stock started fading too much for my liking.

Who knows? Maybe it’ll set up again tomorrow, but for now, I’m happy with how this trade played out.

Final Thoughts

GNLN was a prime example of why timing and discipline are key in trading. The stock had potential, but it was all about waiting for the right moment to strike. For those of you in the trading room who managed to catch this one, congrats! And for those who didn’t, don’t worry—there’s always another trade around the corner. Check out my homepage for more information.

Keep your eyes peeled for tomorrow’s action, and I’ll see you in the trading room!