What Makes This Trade Great: Riding the SPY with Trade Wave

What Makes This Trade Great: Riding the SPY with Trade Wave

Apr 14, 2025

Hey everyone, Barrie Einarson here from Trade Ideas with a quick insight into what made today’s trade great—and a look at something a little different that I think you’ll really find useful. To Subscribe: https://go.trade-ideas.com/SHQ
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Lately, I’ve been watching the SPY like a hawk. The range over the past week has been absolutely massive—10, 15, even 20 points in a single session. That kind of movement? It’s a trader’s dream, if you’ve got the right tools to take advantage of it.

So today I want to show you something I’ve been playing around with more—Trade Wave.

I pulled up a 2-minute chart of SPY and what you’ll see are these Trade Wave suggestions—a little orange “Sell” button when it thinks there’s a short opportunity, and a blue “Buy” button when it flips long.

Now, here’s where it gets interesting.

One thing I’ve noticed is that Trade Wave helps you stay in the trade longer. A lot of traders get shaken out too early. But with Trade Wave, as long as that signal stays orange (for shorts) or blue (for longs), you’ve got a visual confirmation that it’s still in play. That color persistence is key. It gives you the confidence to let the trade work, rather than panicking and taking profits too soon.

In one example I showed today, the signal to short came in, the trade worked beautifully, and the orange stayed solid. Then it flipped blue—and boom, another great entry. It’s not that every trade will be a home run, but the tool is doing what it’s supposed to: keep you on the right side of the trend.

If you haven’t checked out Trade Wave yet, I’d really encourage you to give it a look. It’s a powerful tool, especially on volatile names like SPY.

Catch you in the next one,
—Barrie