What a wild day in the trading room! MLGO was one of those stocks that just wouldn’t be ignored—it was flashing on our screens all day long. If you missed it, let’s break it down. To Subscribe: https://go.trade-ideas.com/SHQ

🎯 Spotting the Setup

I saw MLGO in the pre-market, showing strength early on. But once the market opened, it started to drop—and I thought, “Alright, maybe that’s it.” Wrong. I missed my first entry when it reclaimed VWAP, but the setup wasn’t over. I jumped in a little later when it made another strong move, and it paid off.

🔑 Lesson? Strong Stocks Pull Back, But That’s Opportunity

Here’s what I really want to highlight:

💡 Even strong stocks pull back—but that doesn’t mean the trade is over. MLGO was up nearly 500%, but it pulled back 7% on the five-minute chart. That’s a key moment to watch. Knowing when to time your entry after a pullback can mean the difference between catching the next big move or sitting on the sidelines.

📈 Why You Need to Be in the Trading Room

I love using these setups in tandem with other indicators. If you were in the trading room today, you saw it happen in real-time. These trades don’t just pop up—they develop throughout the session, and that’s where having the right tools and the right team of traders makes all the difference.

Want to catch the next one? Come into the trading room. We’ll be tracking more setups Monday morning—don’t miss it.

Have a great weekend, traders! 🎯🔥