CCIH Trade on Jan 5, 2018 09:37 from alext341: Tradervue User Stock Trades.

We saw a lot of bullish momentum in the Chinese small-caps today, so I took a few scalps on them. After my third trade of the day, I was up over $200.00 in gross realized gains, but I gave some of it back on CNTF. You pushed your accuracy down to 50% from a 66% score, but 50% is still much better than your overall 34% accuracy. Improving that accuracy figure had been my goal for the start of 2018. You finished the day with $87.36 in net realized gains.

The setup on CCIH was to buy the first candle to make a new high on a 1-minute pullback from its opening range breakout gapping up pre-market on sympathy momentum from other Chinese stocks. When the setup failed to resolve, I stop out for about a 9 cent loss per share on a 500 share position. This was actually a very good setup, except for the fact that these Chinese stocks had a tendency to trade with heavy shadows on their candle shapes, which meant that it still had potential to trade somewhat choppy even on the strong bullish momentum we had been seeing from them this past couple of days. I closed this trade with a $55.11 net realized loss.