After experimenting with quick early morning momentum plays we are back on track with our with our normal hold until mid day strategy. Trying to predict the noise clearly was not working and our profit today is a result of pushing through the noise to catch the larger move. The trade of the day was on RARE which we caught early and held it to its mid day high for a gain of 2.67%.
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): NG, AGI, RARE, NKTR, NTNX, INMD
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Phalanx Equity Curve
RARE 5 Minute Chart - 01/10/2020
RARE Daily Chart - 01/10/2020
See the trade log below for all of the trades we made today, feel free to check them out or leave a comment.
Total P&L for today: $321.78
"Trade the Phalanx way!!!!"
Disclaimer: Phalanx Trades is not an investment adviser and this post is for informational purposes only in order to document the historical trades taken and should not be considered investment advice or a recommendation of any trading strategy. Day trading and the methods used are not suitable for everyone, please consult your investment adviser or do your own research before making any investment decisions.