We’ll cover how Geof and I are taking advantage of this Monday’s market pullback, the opportunities in the oil and gas sector with oil back up almost 4%, what Iran hitting the UAE with a drone means for the VIX and premium collection and more — Profit Panel starts at 2:30 PM ET
I’ve been having a strong run last week, and I want to walk you through what’s actually working in my swing trading portfolio right now.
Two positions — Qualcomm (QCOM) and Applied Optoelectronics (AAOI) — have been leading the way. Both delivered solid gains over the last few sessions, and the way they moved is exactly what I look for when I put on swing trades.
Let’s break down what stood out.
The AAOI Setup
On AAOI, I saw a clean pennant pattern forming into Wednesday’s breakout. It wasn’t just a solo read — it was flagged in real time and tracked as price approached the key level, which helped confirm discipline around waiting for confirmation instead of chasing early strength.
Once the breakout triggered, the stock accelerated quickly. That’s the part most traders underestimate — when compression resolves cleanly, expansion can happen fast.
How I identify a pennant: I look for tight price compression after a strong move, converging trendlines, and declining volatility. The key trigger is a decisive break above the upper trendline, ideally with expanding volume.
Fast patterns require fast management, so once the move begins, I immediately shift into planning partials and exits. I’m watching for continuation candles, volume expansion, and how price reacts around prior resistance zones. If momentum stalls, that’s where I start locking in gains.
On this trade, I used shares instead of options. When I want clean directional exposure without dealing with expiration risk, theta decay, or strike selection, shares keep things simple and controlled.
Qualcomm Joins The Race
QCOM has been the other standout. It’s been performing strongly alongside AAOI, and watching both trade near the top of the leaderboard reinforces a simple idea — the market tells you what it wants to reward.
Right now, these two are essentially running neck-and-neck, taking turns leading performance.
Keeping a running leaderboard helps strip out noise and keeps focus on process over prediction. It’s not about being right on every idea — it’s about staying concentrated in the names that are actually moving.
What Matters Most
The biggest takeaway isn’t the individual trades — it’s the structure behind them.
Clean setups with confirmation tend to move faster than anticipated. But only if you wait for the trigger instead of anticipating it.
That combination — patience into breakout confirmation, then active management once momentum starts — is what keeps swing trades efficient and repeatable.
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To better trading,
Alex Reid
WealthPin
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. The AlphaFlow Dashboard Has Compiled the Top Options Setups for May
The last time we had setups like these fall right in our lap, we were able to make away with more than 10 winning double, even triple-digit signals.
Now I want to hand you the newest trade setups at no cost.
Disclaimer: The profits and performance shown are not based on any sort of typicality for any one individual as there are no live tracked alerts associated with the system. We develop tools and strategies to the best of our ability but no one can guarantee the future. There is always a risk of loss when trading, past performance is not indicative to future results. We make no future earnings claims, and you may lose money. The gains referenced were live options setups based on the Alpha Flow Dashboard signals.
