Daily Trading Recap - 3/11/26
Slow Day, One Clean Fade
TLDR
SCNX fade worked well — classic dilution biotech that sold off steadily.
Tried playing the datacenter theme through CRWV instead of grabbing NBIS or IREN. First trade failed, second one worked.
Overall slow day. Biggest miss was the NBIS breakout.
Trades I Took
Datacenter names were on watch after ORCL reported strong earnings and NVDA announced a $2B investment in NBIS to expand AI cloud infrastructure. That gave the sector a tailwind.
NBIS ripped off the open and broke over premarket highs, but I didn’t want to chase. Instead I looked for a sympathy name and went long CRWV. The entry was a bit late, so I trimmed quickly and then had to stop out the rest when it first pulled back.
Shortly after, CRWV held VWAP while NBIS broke out of a big base around 110.50. That confirmed the strength, so I got long CRWV a second time. It pushed to new highs and I sold into the strength and then trailed out.
SCNX was the main gapper on biotech news. Yes. it’s a 0.50c stock, but it’s also a historical fader with a lot of dilution risk and the news didn’t mention any real sales figures or guidance.
I got short at the open and added on a lower high confirmation. The stock faded steadily most of the day.
I covered some along the way, then shorted the bounce again and covered more on the wash toward $0.50. Closed the rest at the bell. Pretty straightforward fade.
Swings and Other Notable Mentions
Current holdings: EQT UAMY
Takeaways
Slow day overall. The SCNX fade was the cleanest trade of the day.
The main lesson was around the datacenter theme, sometimes the best trade is just the leader instead of trying to find a sympathy name. Tomorrow I’ll stay open to taking the obvious one if the setup is there.