WHLR: A Wild Ride and Why This Trade Wasn’t Easy
WHLR: A Wild Ride and Why This Trade Wasn’t Easy
Oct 2, 2024
Hey traders, Barrie Einarson here. I’ve got a beauty of a trade to talk about today, but let me tell you upfront—this wasn’t for the faint-hearted.To Subscribe: https://go.trade-ideas.com/SHQ
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We’re looking at WHLR, a stock with an insanely low float—under a million shares. You know what that means, right? Volatility. The kind that can make or break a trade in seconds. And get this, WHLR has gone through four reverse splits this year alone. Yeah, it’s ridiculous, but if there’s an opportunity, we’re all over it.
The Setup
Now, here’s where it gets interesting. Our AI flagged WHLR at 12:24. Great, right? Except it didn’t pan out right away. It hit a stop almost immediately, which happens when you’re dealing with this kind of volatility. The stop was tight, and on a stock like WHLR, that’s a tough spot to trade in manually. But here’s where the tech comes in—AI is built to make these calls without hesitation.
Reentry Strategy
Here’s the kicker: WHLR got stopped out, but our system gave us a reentry at 12:12. How does that work? Anytime a stock gets stopped, and if it comes back halfway between the stop and the original entry price, we get a signal for reentry. In this case, between 11:99 and 12:24, it was around 12:12, and boom, we were back in.
The Move
Now, did you see what WHLR did next? It went absolutely insane, shooting up to $18! Now, I’m not saying you should’ve held onto it the whole way—this wasn’t an easy trade. Maybe you would’ve scaled out, taken profits along the way, and re-entered on pullbacks. That’s how you ride these waves without getting wiped out.
The Lesson
WHLR was a textbook case of why volatility can either be your best friend or worst enemy. The opportunity was there, but it required staying nimble and disciplined. And, of course, our AI giving that reentry alert didn’t hurt either.
So, while trades like this can be tricky, they also show how being prepared and using the right tools can make all the difference.
Until next time, keep trading smart and stay in control. See you in the room!