Daily Trading Recap - 3/17/26
COIN CREG UCAR
TLDR
COIN inside-day breakout. Small loss. Eventually went.
UCAR and CREG both turned into clean small-cap fades.
Trades I Took
COIN
Got long COIN on the inside day range break looking for continuation with crypto strength.
The move never really followed through. It eventually worked later in the day, but I had already moved on by then.
UCAR
UCAR was one of the top gappers, up about 69%. It pushed over pmh with volume similar to HCWB yesterday, so I didn’t want to step in front of it too early.
It faded straight down under $1 without offering much structure. I caught a small bounce near $1 and rode the second leg down.
CREG
CREG hit my intraday scan. It’s another China name with a 19M float and after seeing WNW yesterday I was interested on the short side.
I got short on the first lower high and added on a couple bounces. After pulling back to pmh’s and the 200 SMA, it completely liquidated. I closed the trade around $1.24.
Takeaways
The key today was waiting for confirmation on these gappers. UCAR and CREG both worked once the momentum clearly failed. I want to keep avoiding early entries and let the trade come to me.