Performance metrics and trade details for QUBT breakout.
Quantum Computing Inc. (QUBT) had a strong move after a good earnings, which made it a potential Episodic Pivot setup. While the initial breakout offered a small profit for day trader, the lack of follow-through after day one makes it a failure for swing trader holding the position.
Despite the gains on Day 1, the stock did not sustain momentum, limiting the overall trade potential.
The stock got over extended on Day 1, so we can reduce half, the next day it gapped down over 6% so we exit the trade at the open.
The overall gain is 1/2 * 16 + 1/2 * 7 ~= 11.5
