Trading Insights from Barrie Einarson – Navigating a Tricky Trade with ITOS
Trading Insights from Barrie Einarson – Navigating a Tricky Trade with ITOS
Sep 16, 2024
Hello, fellow traders! Barrie Einarson here, sharing some insights from today’s session with ITOS.
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Today’s trade was a bit of a challenge. I entered a short position on ITOS at $13.75, following a promising alert from our AI system. But before hitting that price, we saw ITOS make a notable climb – moving from $11.19 up to $11.88. During the session, I mentioned to the room that if ITOS could break through the $11 level, we might see it drop down to around $10.50, which I felt could be a good spot for a bounce.
However, things didn’t go exactly as planned. ITOS bounced earlier than I anticipated. I got out of the trade near the $13.75 mark, making some profit, but there was definitely that “what if” moment – wishing I’d been able to re-enter around $13. Managing the room and keeping an eye on all the moving parts can sometimes mean missing a chance like that.
Despite missing that re-entry point, it turned out to be a beautiful downward move, with ITOS showing a 13.6% drop from our entry level at $13.75, all triggered by our AI’s great alert. It’s a solid example of how powerful these tools can be when it comes to catching big moves.
This trade on ITOS reminds me of the importance of staying focused and ready for whatever the market throws at us. Even seasoned traders have those moments of “coulda, woulda, shoulda,” but the key takeaway is to learn and keep sharpening our skills. The market always presents new opportunities – it’s all about being ready when they come!
Looking forward to seeing you in the next session. Until then, trade smart and stay ahead of the game!