Phalanx Trade of the Day (01/06/2020)

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 [email protected] 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

Website and Live Youtube feed coming soon!

SDC 5 Minute Chart - 01/06/2020

SDC Daily Chart - 01/06/2020

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: ($68.20)

"Trade the Phalanx way!!!!"

Disclaimer: This post is for informational purposes only and should not be considered investment advice. Please consult your investment adviser or do your own research before making any investment decisions.