Hello everyone, Barrie Einarson here with another edition of What Makes This Trade Great. Today, let’s dive into a setup on PTNM that highlights a key short opportunity. To Subscribe: https://go.trade-ideas.com/SHQ
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If you caught yesterday’s video, this trade might look familiar. PTNM set up beautifully for a short at $6.49. Fast forward to the moment I recorded this, and PTNM was trading at $5.00. That’s a solid 22% move in our favor. In fact, it went even lower — down to $4.69 — magnifying that percentage move even more.

Now, before you start kicking yourself for missing it, there’s a key takeaway: short availability matters. Not every broker had shares to short on PTNM. For instance, Interactive Brokers didn’t have availability. But if you’re with CenterPoint Securities, odds are you had access. CenterPoint consistently excels at providing shorts for these lower-float, smaller cap names. That’s their bread and butter.

Another critical piece: PTNM is a fresh face on the market. It only started trading under this ticker three or four days ago. Fresh IPOs or name changes can often offer volatile opportunities early on.

Trading is about preparation. Know your brokers, understand where the liquidity is, and stay sharp for opportunities like PTNM.

That’s it from me for now — I’m off until June 16th, but I’ll be back then with more setups and trade breakdowns. Until next time, stay patient, stay disciplined, and keep learning.