What Makes This Trade Great – QUBT Analysis with Barrie Einarson

What Makes This Trade Great – QUBT Analysis with Barrie Einarson

Nov 20, 2024

Hello traders! Barrie Einarson here with today’s breakdown of what made this trade on QUBT stand out. Let’s dive into how the re-entry feature in Trade Ideas AI helped navigate this setup and turn a stopped-out trade into another opportunity.To Subscribe: https://go.trade-ideas.com/SHQ
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We initially got an alert to buy QUBT at $3.31. The stock moved up slightly to $3.37, but ultimately stopped out at $2.94. If you were watching yesterday’s video, you’ll remember I highlighted how our platform’s re-entry alert works when conditions line up after a stop-out.

Here’s where things got interesting. The system triggered a re-entry alert at $3.13, which is calculated halfway between the original entry price and the stop-out level. This provided a second chance to get into the trade as the stock regained momentum

The re-entry at $3.13 allowed for a solid move back to $3.32. While not a massive spike, this is where active trade management makes all the difference. In today’s market, especially with smaller-cap stocks, you can’t rely on extended follow-through. You have to stay engaged with your trades and lock in profits when the opportunity arises.

QUBT is a great example of how staying flexible and using advanced tools can turn a potentially frustrating stop-out into a profitable re-entry. If you’re not using features like this, you might be leaving opportunities on the table.

See you in the trading room tomorrow. Until then, manage your risk, stay active, and happy trading!