Tried a trade today in ARIA and this just faded quick right after entry. Very disappointing. I cut the trade as quickly as I could. The momentum and volume looked like it was there and then all of a sudden nobody was bidding up the stock and I just took the loss.
Here is what I was seeing in the trade. Broke through that 6.75 level and I bought ITM $5.50 calls at $1.29. Chased it a hair because the volume was there. I bought right on the exact break of that trendline. It continued higher and I was green in the options and then 4 candles later…. WOOSH a massive sell came in on the stock and killed the momentum. At that point it was damage control and I exited as quickly as I could.
Account balance today stands at $8085.20 (+$3085.20 +61.7% ROI)