By Barrie Einarson, Trade Ideas

Good morning, everyone. Barrie Einarson here with today’s edition of What Makes This Trade Great, and I want to take a bit of a different angle today — instead of the usual single-stock names, I’m looking at one of these leveraged ETFs built around an individual company. To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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Today’s ticker is MSTX, the 2x leveraged long ETF tracking MSTR (MicroStrategy).

How It Showed Up

MSTX popped up on my radar early this morning through my daily trend reversal scan — right around 9:36 AM, with an alert price of $7.93. From there, before it ever pulled back, it ran all the way up to $8.96. It did pull back some after that, but it still looked like it had legs and kept running.

Why This One Caught My Eye

Here’s the thing that really made me want to talk about this trade: this isn’t the first time. Two days ago, MSTX did almost the exact same thing. It showed up in that very same trend reversal scan, put together a big intraday run, and closed right near the high of the day.

And I didn’t take it.

I let that one go by.

Today Was Different

So today, when I saw the setup repeating itself, I told myself I was going to take this one. And I’ll be honest — MSTR itself has been a bit of a mess lately, a lot of turbulence around that name. But I decided not to let that keep me on the sidelines again.

It turned out to be a genuinely great trade.

The Takeaway

Sometimes the best lesson from a scan isn’t just the setup itself — it’s remembering that when a pattern repeats, it’s worth paying attention the second time, even if you passed on it the first. That’s exactly what happened here with MSTX, and it’s a good reminder for anyone running similar scans: don’t let one miss talk you out of the next opportunity that looks just like it.

That’s it for today’s edition of What Makes This Trade Great. See you next time.

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Note: MSTX is a leveraged single-stock ETF, which means it carries higher volatility and risk than the underlying stock (MSTR) itself. As always, this is for educational purposes and not financial advice.