After Commssions: +$266.
I'm not really sure how I feel about these trades - just scalps, but it's very hard to quantify the risk-reward, especially given the high probability nature of it. The ideal scenario is that these trades are trades around a core, which is established lower; to help lock some profit in - and hence reduce risk. In this case I narrowly missed my buy before the breakout; but could still see edge in scalping a small portion of the move, by providing liquidity. On a 5c spread with massive volume it is very easy to take 10c. Very important not to get greedy mind you, because the edge is in the high probability nature, rather than holding for the full move (because you would need a wide stop-loss if holding for the full move).
All this being said, I need to put in some work to understand the nuances of a play like this, as it is somewhat different to the way I usually trade.
SPU:
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