2025-12-17 · 3 min read
A qualitative run-through of every trade from 2025-12-17: setups, thought process, and outcomes.
Today had its moments, but overall it was a tough day. I started with MBRX, looking for a washout long after it had dropped significantly. My first entry was at 5.40, but it quickly turned against me. Best exit was at 5.04, with an average exit of 5.01, leading to a loss of about $947. The tape showed aggressive selling, and I should have been more cautious given the heavy pressure.
Next up was PCSA, where I initially entered at 7.18, looking for a sub VWAP trap. I was optimistic, but the stock didn’t hold up. I exited at 6.92, taking a $753 loss. The bids were showing weakness, and the stock was unable to reclaim VWAP, signaling a lack of buying interest.
I tried to shift gears with another PCSA entry at 6.90 for a washout long. This time, it worked out much better. I saw buyers stepping in, and it pushed up to a best exit of 8.42 with an average exit of 7.58, netting me a profit of $3,033. The stock had a nice bounce, and the tape showed strong bids holding up, which gave me confidence to hold for the move.
However, I quickly turned back to a sub VWAP trap with another entry in PCSA at 8.30. The stock couldn’t maintain the momentum and faded back down. My best exit was at 8.17 with an average exit of 8.09, resulting in a loss of $372. The action was choppy, and sellers were staying heavy, which made it a tough trade.
I then tried another sub VWAP trap at 8.20, but it was more of the same. I lost $476, with the best exit at 8.07 and average at 7.96. The stock continued to struggle, and I was feeling the pressure from the aggressive sellers.
In a brief moment of success, I entered PCSA again at 7.87. This time, it was a small win, exiting at 7.91 for a profit of $303. The tape was showing some signs of life, but it wasn’t enough to make up for the earlier losses.
The day continued with a flurry of PCSA trades, mostly sub VWAP traps that didn’t pan out. Entries at 7.76, 7.85, and 6.80 all ended in losses, with the best exits consistently below my entries. The stock was trading heavy, and I was chasing the moves without solid conviction.
Overall, the day was a grind. I had a couple of solid trades, but they were overshadowed by the numerous losses on the sub VWAP traps. The healthcare sector, particularly biotechnology, was volatile, but I wasn’t able to effectively capitalize on it.
What I did well: I executed well on the washout long setup with PCSA.
What I did poorly: I chased too many sub VWAP traps without confirming strength in the tape.
Trading grade: C — too many losses and poor execution on setups.
Tomorrow, I’ll focus on being more selective with entries.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
PCSA 11:14:32 – 11:14:46 — P&L $-814.38
PCSA 10:36:16 – 10:37:25 — P&L $+731.14
PCSA 10:19:31 – 10:30:04 — P&L $+3032.81
PCSA 10:08:11 – 10:08:14 — P&L $-753.15
MBRX 08:36:33 – 08:36:42 — P&L $-947.00