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By Barrie Einarson, Trade Ideas

Hello everyone, Barrie Einarson here from Trade Ideas with today’s edition of What Makes This Trade Great. I’ve actually got a couple today, but I’m going to focus on this one — CELC. It came straight from our AI, and it’s a great example of using the re-entry.

We had the alert to short CELC at $93.72. Now, it worked a little bit right away — if you took it, you would have made a little money. But here’s where it gets interesting. If you didn’t take it the first time, you waited for the stop to be hit — and it was. And once that stop gets tagged, you watch for the pullback, and that’s what sets up the re-entry.

In this case, the re-entry price came in at $95. That’s obviously a better short entry than the original $93.72 — you’re getting in at a higher price on the way down. And from that $95 short, this thing has just been moving down, down, down. We’re sitting at $88 now.

But even better — look how well the wave is forming. That’s the part I love. A clean, well-formed wave does the work for you: it keeps you in the trade with a clear trailing guide. As long as it doesn’t turn blue, you stay in and let the move run.

That’s the lesson today: a stopped-out alert isn’t a dead trade. Sometimes it’s just setting up a better entry.

Trade smart, everyone. See you in the trading room.

— Barrie