Daily Trading Report — 2026-01-06

2026-01-06 · 4 min read

A qualitative run-through of every trade from 2026-01-06: setups, thought process, and outcomes.

Running P&L for 2026-01-06

Day P&L: $-497.94 | Total R: -1.06R

The morning kicked off with ALMS, which was showing some crazy volatility right from the get-go. I jumped in with a quick scalp trade at $19.05, but it slipped to $19.00 almost immediately, costing me $29.45. The tape was choppy, and I should have known better than to chase it down like that. I didn’t wait for confirmation, and it bit me.

I didn’t let that deter me. After the open, I spotted a sub VWAP trap on ALMS again at $20.73. I entered and managed to exit at $20.75 for a small win. Then, I saw another opportunity on the same name, entering at $20.68 and selling for a $43.68 gain. The tape showed strong buyers stepping in, and I felt good about following that momentum. ALMS had a float of nearly 70 million with a crazy rvol of 52.51, which explained the volatility.

Next up was EVTV, and this stock was in play with a nice gap down of 54%. I took a couple of entries, the first around $0.70 and exited at $0.72 for a solid $212.25 gain. The tape was showing some nice strength, and I was able to ride that momentum. I took another small trade on it later, but it was more of a scalp that barely moved the needle. Still, I was feeling good about my reads.

Then came the mid-morning session, where I entered MNTS. I thought I was catching a sub VWAP trap, but it turned out to be a disaster. I got in at $10.16 and watched it plunge, exiting at $9.83 for a $936.99 loss. This one hurt. The stock had a low float of just 2.81 million, and the selling pressure was relentless. I didn’t respect the tape; I should have cut my losses sooner instead of hoping for a bounce that never came.

I tried to recover with AZI, but it was a rough go. I went long multiple times, but the stock just wouldn’t cooperate. I kept getting chopped up, entering at $3.71 and exiting at $3.69 for another loss, and the same pattern continued. I thought I saw a bull flag forming, but it quickly rejected at $3.78, leading to more losses. The market seemed to be in a corrective phase, and I was getting caught in the crossfire.

As the day progressed, I found some footing with SKYQ. I executed a few small scalps and managed to get in and out for a couple of wins. The stock had a float of just under 3 million, which helped drive the moves. The tape showed some nice buying pressure, and I was able to capitalize on that momentum.

Later in the afternoon, EMAT came into play. I caught a nice move, entering at $15.25 and exiting at $16.10 for a $169.88 gain. Then, I hit a bigger winner when I entered at $21.51 and exited at $24.72, netting a solid $481.36. This stock had a good setup, and I was able to leverage the momentum effectively.

Reflecting on the day, I can see where I went wrong. I overtraded, especially with MNTS and AZI, where I kept trying to catch a bounce that never came. I didn’t cut my losers quickly enough and let emotions dictate my trades, which led to a significant drawdown.

What I did well: I executed well on high-probability setups like the sub VWAP trap on ALMS and the gap play on EVTV. I also managed to find some winners with EMAT and SKYQ, where the tape showed strong buying.

What I did poorly: I was too aggressive with my entries on MNTS and AZI, ignoring the tape when it showed clear selling pressure. I also didn’t respect my stop-loss levels, which led to bigger losses than I should have taken.

Trading grade: B. My entries had potential, and I found some good trades, but I let a few bad ones snowball into significant losses. I need to work on my discipline and cutting losers more efficiently.

Tomorrow’s takeaway: Stay patient and stick to the plan. If the tape doesn’t confirm my bias, it’s better to sit on the sidelines than to chase after losses.