2026-01-07 · 3 min read
A qualitative run-through of every trade from 2026-01-07: setups, thought process, and outcomes.
The day started with NVVE, which had a notable gap and was trading with high relative volume. I took a long position at 3.48, looking for a sub VWAP trap setup. The 1m9 was around 3.34, so I felt there was potential for a bounce back above VWAP. However, the stock didn’t hold up well; it quickly faded after my entry. I managed to exit at 3.36 for an average loss of about $366. The tape showed sellers were aggressive after the initial push, and that set the tone for the rest of the morning.
Later on, I went for another long in NVVE at 3.65, still looking for a similar setup. The entry was near the 1m9 level at 3.58, which was promising. But again, the stock didn’t cooperate. It stalled around 3.64 before pulling back, and I exited at 3.59, taking a loss of about $304. The action was choppy, and it seemed like the buyers just couldn’t muster enough strength to hold this one up.
The overall market was mixed, with healthcare and industrials showing up in my scans. LUCY was another name I had on my radar, but I didn’t take any trades on it today. It gapped up significantly and was trading with high relative volume, but I didn’t find a solid entry point. The volatility in healthcare made it tricky, and it seemed like traders were still digesting the earlier moves.
I also noted some activity in the aerospace and defense sector, particularly with MNTS, but I didn’t get involved there. The float was pretty tight, and the volume was decent, but I was focused on NVVE, trying to catch that bounce. SMX and CRML had some action, but nothing that triggered my setups.
What I did well was recognizing the setups early, especially in NVVE. I was quick to pull the trigger based on the tape and levels, even if they didn’t pan out. Where I struggled was in managing the exits; I could have cut losses quicker instead of holding on too long.
Trading grade: C — I executed my entries based on the setups, but the follow-through was lacking, and I let some losses drag on longer than necessary.
Tomorrow's another day, and I’ll be looking for better setups with stronger tape.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
SMX 11:14:29 – 11:15:16 — P&L $-279.49
NVVE 10:38:48 – 10:54:27 — P&L $-294.80
NVVE 10:35:51 – 10:36:13 — P&L $-297.72
NVVE 10:28:22 – 10:30:19 — P&L $-304.14
NVVE 09:47:06 – 09:48:39 — P&L $-366.36