I went into the trading day looking for gap-n-go setups to ride momentum. I found $GBR moving nicely and decided to get in when there was a breakout at the $4.31 level on the one minute chart. I was filled at $4.55 and set a $0.20 trailing stop hoping that I was giving it enough breathing room to take advantage of the volatility. Unfortunately the spread got me and I was stopped out pretty quick at $4.72 for a 3.74% gain and $374 in profits.
The stock continued its uptrend and I decided to jump back in at another breakout on the one minute chart at $5.10 with a fill at $5.12 and set a trailing stop at $0.25 for a little more room thinking that it would allow for more gains to get snagged. I was eventually stopped out at $5.39 for a 5.27% gain and $432 in profits.
In total, I had 2 trades in 40 minutes and a daily P/L of $752.38 which makes up for the losses from day 1.