Hey, traders! Barrie Einarson here, and today I want to dive into a fantastic setup we saw with SKYT. This trade wasn’t just about catching a great move—it was about managing it smartly. Let’s break it down. To Subscribe: https://go.trade-ideas.com/SHQ
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The Setup: A Textbook Alert

SKYT hit our radar early, flagged by AI at $16.50. For those of you who watch VWAP (Volume-Weighted Average Price), you probably noticed the price action popping up and pulling back to test that red line—the VWAP. That’s where the setup became really compelling.

The price held the VWAP, signaling strength, and gave you the perfect opportunity to jump in around $16.50. A textbook entry if you ask me.

The Move: SKYT Takes Off

From there, SKYT delivered:

• First, it ran to $17.78, offering a solid $1.28 gain.
• After a small pullback, it surged again to $19.01.

That’s a 15% move from the original alert—a beautiful run and a great chance to lock in some profits.

The Key: Managing the Trade

Here’s where the wrinkle comes in. While our AI hadn’t signaled an exit yet, managing your trades becomes critical in situations like this. Let’s face it: no one wants to let a winning trade turn into a loss.

Here’s what I recommend:

1. Take Partial Profits: Don’t be afraid to scale out. Take some off the table at key levels like $17.78 or $19.01.
2. Use Trailing Stops: Protect your gains while giving the trade room to run.
3. Stay Disciplined: The goal is to maximize your profits while minimizing risk. Don’t let greed keep you in too long.

Final Thoughts

SKYT was a prime example of spotting an opportunity, executing the trade, and staying disciplined. It’s not just about catching the move—it’s about managing it. Remember, never let a profit turn into a loss.

See you in the trading room tomorrow! Let’s keep learning and improving together.