Why You Should Keep AI Alerts on Your Watch List
Why You Should Keep AI Alerts on Your Watch List
Oct 16, 2024
Hey everyone, Barrie Einarson here with another edition of “What Makes This Trade Great.” Today, I want to dive into something I always talk about: the importance of AI alerts and using them like a watch list. Let me break down a recent trade and show you how it all played out.To Subscribe: https://go.trade-ideas.com/SHQ
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So, this morning, we got an alert at $298 on a five-minute chart. You can see it marked by this little blue arrow on the candle. From there, we saw a pretty amazing move, taking us almost straight up to $394—a tremendous percentage gain. Now, I know some of you might be thinking, “Man, I missed that first pop.”
But here’s the thing: sometimes these stocks give you another chance.
Second Chances on a Pullback
After that initial surge, the price pulled back, even dropping below that original alert level. If you were watching, you could have caught it around $295 as it started moving up again. This second move wasn’t quite as dramatic, topping out at $367, but it still offered a nice gain. The key is to stay alert and be ready to take advantage of those setups when they show themselves again.
Treat AI Alerts Like a Watch List
What I always tell traders is this: treat these AI alerts like a watch list. Just because you might miss the first move doesn’t mean you’re out of options. Stocks have a habit of setting up in new ways throughout the day, especially on pullbacks. If you’re prepared and patient, you can catch these secondary moves.
Remember, the AI is a tool, not a guarantee. Use it to your advantage by staying flexible and watching for those pullback plays.
Alright, that’s it from me today. I’m heading back to the trading room. Keep watching, keep learning, and we’ll catch up tomorrow. Happy trading!