By Barrie Einarson

One of the most important lessons traders can learn is that missing the first entry doesn’t mean you’ve missed the trade.

Today, our AI identified ELMT as a potential opportunity with an alert around $20.35. If you look at the initial price action after the alert, it wasn’t exactly smooth sailing. The stock became choppy and volatile, creating the kind of environment that can shake traders out of positions or discourage new entries altogether. To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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This is where understanding re-entries becomes so valuable.

After the initial move, ELMT pulled back toward the midpoint between the alert price and the stop level around $19.74. That retracement brought the stock close to the $20 level, creating a second opportunity for traders who either missed the original alert or were stopped out during the early volatility.

From there, the stock did exactly what traders hope to see—it resumed higher and made a strong move toward $22.

Too often, traders become emotionally attached to the idea that they must catch the very first entry to profit from a move. In reality, many of the best trades offer multiple opportunities throughout the day. A disciplined re-entry can often provide a cleaner setup with a better risk-to-reward profile than the original signal.

As the session continues, I’ll be watching to see whether ELMT revisits the VWAP area. If buyers continue to defend that level, it could offer yet another opportunity for traders who remain patient and focused on the chart rather than the fear of missing out.

The takeaway is simple: don’t let an initial stop-out or a missed entry keep you from participating in a quality setup. The market often gives second chances—you just have to be prepared to recognize them.

Trade smart, stay patient, and always be on the lookout for those high-probability re-entry opportunities.