Daily Trading Report — 2025-12-03

CLNN was my first trade of the day, and it set the tone early. I entered at 11.98, looking for a washout long after a sharp drop. The idea was that it had pulled back enough to find support, especially with the 1m9 around 11.95. However, that support didn’t hold, and I ended up cutting for a loss, with my best exit at 11.72 and average exit at 10.13. The tape showed sellers were aggressive, and price continued to slide, forcing me to step back from this one.

Next up was VRAX, where I attempted a sub VWAP trap. I entered at 0.8676, but the stock quickly faded below VWAP. The 1m9 was around 0.8351, indicating that the selling pressure was still strong. I exited at 0.8364, taking a loss on this one as well. It was frustrating to see that initial potential turn into a quick rejection.

I gave VRAX another shot shortly after, this time looking for a washout long. I entered at 0.7800 after it had dropped sharply. I thought the reversal was setting up, but the stock continued to struggle. My best exit was 0.7600, and I ended up closing at 0.7369 for a notable loss. The tape was showing heavy selling, and it was clear this name wasn’t ready to bounce back.

Then came CAPR, which I entered at 39.42 during a gap and go setup. Unfortunately, I was late to the party, as my entry was extended above the 1m9 (28.01). The stock didn’t hold, and I had to exit at 37.72 after briefly rallying. My best exit was at 39.68. The selling pressure was evident, and I had misjudged the momentum on this one.

Later in the morning, I shifted gears with a short on CAPR at 27.50. The stock was showing weakness, and I saw a chance to capitalize on that. With the 1m9 around 26.73, I held for a while and exited at 26.08 for a gain of $478. The tape showed that sellers were stepping in, which gave me the confidence to ride this one down.

As the day progressed, I found an opportunity with KITT. I entered at 1.71, and the stock held up well, allowing me to exit at 1.77. It moved steadily, and the bids were holding up, which made for a smooth trade. It’s nice to see some follow-through when the tape is behaving.

The late day trading was where I found my stride. PLRZ was a name I kept coming back to. My first entry was at 14.01, looking for a washout long. However, that trade didn’t pan out as expected, and I had to cut it at 13.01 for a loss. The stock had gapped up but was struggling to maintain its strength.

I stayed patient and re-entered PLRZ at 12.92 after it showed signs of life again. This time, the trade worked in my favor, and I exited at 14.24. The tape was significantly better, with buyers showing strength, and I was able to capitalize on that move.

I continued to trade PLRZ, catching another washout long at 17.93. This turned out to be a solid entry, with a best exit at 20.94. The stock was trending well, and I took advantage of the momentum. I also took smaller scalps later in the afternoon, consistently finding entries in the same name, which helped me recoup some losses.

In total, it was a mixed day with a lot of trades. I had some solid winners, particularly with PLRZ later in the day. The biotech sector was volatile, and while I had some missteps early on, I was able to find my rhythm as the session progressed.

What I did well: I adjusted my strategy and took advantage of late-day momentum trades.
What I did poorly: I misjudged the momentum on early trades, leading to larger losses.
Trading grade: B — solid recovery in the afternoon but poor execution early on.

Trade charts

Selected notable trades (by P&L) with time-of-day vs price (entry → exit).

PLRZ 18:35:21 – 18:41:07 — P&L $+1118.25

PLRZ 18:26:25 – 18:33:40 — P&L $+1084.14

PLRZ 18:20:50 – 18:25:02 — P&L $+709.87

VRAX 09:35:11 – 09:39:04 — P&L $-840.12

CLNN 09:03:31 – 09:09:00 — P&L $-1867.46