After a rude awakening Friday we came in focused on Day 1 squeeze plays only which is our highest quality and favorite set up. Despite the market offering plenty of price action and potential profit we ended up with a small loss due to a few mistakes. We missed out on a huge move on KALA when we didn't obey our exit rules. If we had traded KALA properly we would have had a much different day! Our best trade of the day was on SDC, take a look at the charts below!
Check out the the charts below to see the trade and how it played out. Any questions shoot us an e-mail at phalanxtrades@gmail.com or leave us a comment below.
Today's Phalanx: 6 Tickers Traded (See the log below for more details): CMC, DT, KALA, MBOT, ONCY, SDC
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SDC 5 Minute Chart - 01/06/2020