ADMA was the next trade, which I was somehow able to use margin on. Got in the trade as it broke out well above daily resistance from previous daily highs, a flat-top breakout just below $4.00.
The scalped that trade for about 30 cents of profit. ATR at the time of the trade 0.29, which made it A-/B+ quality in this regard.
I took the profit here because I ended up with more shares than I thought I would upon pressing the hot-key for 100% buying power, and I also found it more important to simply take profits in a market that has not shown strong bullish momentum in this overall volatile market.
DARE out of the open also did not show strong follow-through. That's also why I took profits earlier on that one.
Small-cap momentum died off after that one. Ross lost money on the day on DARE and ADMA, which is funny because I lose money when he makes money and vis-a-versa. It was his fault though. He did not execute well today.
We'll see how the SPY trades pre-market tomorrow. If it rallies above highs, I'll look to scalp probably. If not, then probably no trades.
I closed this trade with $191.25 in gains. And closed the day for $191.47 in profits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-12 09:38:57 | ADMA | buy | $4.250 | long |
2018-02-12 09:39:09 | ADMA | sell | $4.570 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!