DRYS Trade on Feb 7, 2018 09:09 from alext341: Tradervue User Stock Trades.

Today was a really interesting day. Today felt like the consistent, no over-trading, scalp-based trading I was doing in late December 2017 and early January 2018. The SPY was trading outside its previous day's range off the sharp market correction bounce, which made today more probable for profitability--according to my trading metrics.

I took a pre-market starter position of 500 shares on DRYS about 30 minutes before the opening bell after I saw that it had news and that it was breaking out. The charts on the shared page do not show it, but DRYS was flagging nicely along its support on the 5-minute chart pre-market, which signaled strength.

You allowed the chart patterns to determine your stop target and so held through the pre-market consolidation, which almost stopped you out. You then added more shares with the rest of your buying power after the high of the day break out of the open and scalped the move for about 10-16 cents of profit. Poor risk-to-reward ratio of about 2:1, but you thought the reward potential for this stock was higher at the time, especially with the 5,000% short interest, which made the potential for a short squeeze very possible.

Closed this trade for a $92.89 profit.