What Makes This Trade Great – PRCH and the Power of Trade Wave
What Makes This Trade Great – PRCH and the Power of Trade Wave
May 7, 2025
Hey traders,
It’s Barrie Einarson from Trade Ideas here with another edition of What Makes This Trade Great. Today, we’re talking about PRCH, another solid earnings play in what’s been a busy week full of them. To Subscribe: https://go.trade-ideas.com/SHQ
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Our AI flagged PRCH at $8.96, and if you’ve been following my recent videos, you’ll know I’ve been leaning into Trade Wave a lot lately. It’s been a game-changer for how I manage trades.
There was a nice little buy flag setup, and here’s the beauty of Trade Wave: it keeps you in the trade longer. You ride it out until you get a transition to orange. That’s your signal—your heads-up that it might be time to move on.
Now don’t get me wrong—I’m not saying you shouldn’t take profits along the way, especially during dips. But what I love is that Trade Wave gives me confidence to stay in longer than I probably would on my own. That orange or blue cloud turning orange is key. It’s all about staying in the trade until the trend truly shifts.
Yesterday’s action really confirmed that for me. It’s been helping me hold positions longer and maximize gains instead of jumping out too early.
Alright, that’s it for today—
See you tomorrow with another trade breakdown.