Daily Trading Recap - 3/10/26
Oil Rolls Over
TLDR
Faded several oil names as crude rolled over.
Best trades: ATPC fade and PLTR breakdown.
Caught the first leg down in oil but missed the bigger second leg.
Started a UAMY swing long on a daily breakout.
Trades I Took
ATPC was the top small cap gapper on oil-related news. After yesterday’s momentum flip in crude, I thought these oil names could fade instead of continuing higher.
I tried a starter short early but cut it quickly when it didn’t work. Later the real trigger came and I positioned in. It came close to my stop but never hit it.
I held most of the day and covered into the late-day washout near $3. No headaches on this one thankfully.
PLTR was pushing into the daily 50-day moving average and started looking heavy intraday. The main trigger was the break of the previous day’s low.
I anticipated it a bit early and had to sit through some chop before it finally gave way. Once that level broke the trade worked cleanly. I covered some on the flush through the prior-day lows and trailed the rest.
The idea was right, but the entry could have been cleaner by waiting for the actual break.
I shorted USO right at the open and added on the range break, but it quickly reclaimed so I cut it.
Later crude started rolling over again and I re-shorted. That move worked and I took some covers as oil accelerated lower. I tried to add for a second leg but the entry didn’t work so I cut it. Turns out I was too early on that second leg.
Oil eventually collapsed later in the day and I missed the bigger second leg down toward 95 on USO. It gave a great long opp as the move down was sharp, and if you held you got a headline boost at 2:15pm.
BATL stayed relatively weak alongside the oil trade. I initially shorted it when USO looked weak but took it off when crude failed to follow through.
Later I re-shorted it as oil rolled over again, but the stock never really accelerated lower so I covered when it stopped making progress.
Swings
-Started a swing long in UAMY. It’s a critical minerals name breaking out of a small range after holding a higher low on the daily. Looking for continuation if the breakout holds.
Current holdings: EQT UAMY
Takeaways
The good trades came from waiting for clean triggers — especially on ATPC and PLTR. Cutting early attempts quickly let me stay flexible.
The biggest miss was the second leg down in crude. When a theme like oil starts accelerating, the later move is often the biggest one. I need to stay engaged with the trend instead of stepping away too early.