Hello everyone, Barrie Einarson from Trade Ideas with today’s edition of What Makes This Trade Great. To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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Today’s trade is a little different and, honestly, an interesting one for me: WLTH, Wealthfront Corp.

WLTH had earnings today, and this is a stock I probably never would have noticed on my own. The market had been down for the previous two days, and during that kind of environment, I hadn’t been having much success trading the volatile, low-float names. When the market is struggling, those stocks can lack the kind of sustained trend I’m looking for.

That’s where the Trade Ideas AI came in.

I found WLTH through the Biggest Gainers list, specifically looking at the large-cap gainers. When the overall market is weak, you simply don’t see that many large-cap stocks making significant moves higher, so that immediately caught my attention.

I spotted WLTH around the 10:20 mark, as it was getting closer to the high of the day. Unfortunately, I didn’t hold the position as long as I would have liked. Looking back, if I had gotten in earlier in the move, I probably would have had more confidence to stay with it.

And just look at what happened.

The chart gave us a beautiful move higher, exactly the kind of clean trend that can be difficult to find when the broader market is under pressure.

For me, that’s what makes this trade great. WLTH wasn’t a stock that was already on my radar. It was the AI and the Biggest Gainers list that helped bring it to my attention.

Sometimes the best opportunities are the ones you never would have found yourself. Having the right tools to identify those unusual movers can make all the difference.

That’s another great example of why I like using Trade Ideas to help uncover opportunities that might otherwise fly completely under the radar.