Hello traders, Barrie Einarson here with today’s edition of What Makes This Trade Great. Let’s dive into the wild ride we had with GDC today, a prime example of why patience and strategic planning pay off in trading. To Subscribe: https://go.trade-ideas.com/SHQ
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This morning, GDC caught my eye at $2.51, thanks to our reliable AI. But what really stood out to me was how this trade unfolded. If you look at the five-minute chart, you’ll see the blue arrow marking where the alert happened. Initially, it popped to $2.64—nothing too crazy, right? But then, it pulled back, even dipping down to $2.30. At this point, some traders might have felt disappointed or even panicked. But this is where experience and strategy come into play.

In the trading room, I mentioned to keep an eye on that $2.51 level. Sure enough, GDC fought its way back to that price and broke through it again. What happened next was the real magic. After reclaiming $2.51, the stock surged to $2.88. A smart trader could have taken some profit there, but if you held on, you witnessed a massive lift all the way to nearly $4—$3.96 to be exact, right before it got halted. When it resumed, it popped again, showing the power of momentum in action.

Now, even after all that action, GDC is still up 10% from the original alert as I write this. I’m keeping my eye on it to see if it can push through $3 later today with some volume behind it.

Here’s the takeaway: Don’t panic if you think you missed the move the first time. If a stock pulls back below the alert price, set a price alert at that level and wait. If it breaks through again, you’re in a prime position to catch the next wave. In the case of GDC, waiting paid off big time.

Remember, trading is a game of patience and strategy. Stick to your plan, manage your risk, and let the market come to you. Check out my Hompage for more information.

Happy trading, everyone. I’ll see you in the room tomorrow!