Daily Trading Report — 2026-01-07

2026-01-07 · 4 min read

A qualitative run-through of every trade from 2026-01-07: setups, thought process, and outcomes.

Running P&L for 2026-01-07

Day P&L: $-728.56 | Total R: -1.56R

Caught a quick move on LUCY early, but it turned out to be a rough start. I tried to play the sub VWAP trap, expecting a bounce after it pulled down. Entry at 1.8687 was decent, but the tape didn’t cooperate. I got out quickly for a loss of $-144.50. It was a common theme today—chasing setups that didn’t have the strength I anticipated. After a few more attempts on LUCY, I was down significantly. The stock was volatile but ultimately faded below VWAP, which should have been a clear signal for me to cut my losses sooner rather than later.

Next up was NVVE, where I saw a potential opening range breakout. I hit it at 3.3979, and it gave me a small win of $71.50. The tape was showing some strength, but I didn’t capitalize enough on the momentum. I kept trying to play it, entering multiple times as it tested support levels around 3.25. I had some winners, but the big loss of $-366.36 on a failed sub VWAP trap really hurt my overall performance. The name was choppy, and I should have recognized that the volatility wasn’t conducive to my strategy.

Moving into mid-morning, MNTS caught my eye. I entered at 13.25 and it played out well, hitting 13.43 for a nice gain of $240.60. The stock had a solid setup, and I felt good about that trade. But then I went back to NVVE and got caught again, losing $-304.14. I was trying to force the trade instead of waiting for the right moment, and that’s where I went wrong. The market was showing signs of exhaustion, but I ignored the tape and chased.

Then there was SMX, which turned out to be a mixed bag. I started with a nice move from 30.30 to 31.90, but I let emotions take over and gave back too much on several trades thereafter. The tape was erratic, and I wasn’t respecting my stops. I ended up with a series of small losses that added up, including a $-192.86 hit during a washout long that didn’t materialize.

The afternoon was more of the same. I tried to catch breakouts on CRML and ERAS, but the market sentiment was shifting. I got into ERAS at 6.30 and exited for a loss of $-120.14. I was forcing trades instead of waiting for clean setups, and it showed in my performance. The volume was decent, but the stocks weren’t giving the follow-through I needed.

Reflecting on the day, I had 38 trades, but I was barely above a 47% win rate. My average win was $117.34, while my average loss was $-142.04. That discrepancy really stings. I got caught in a cycle of overtrading, and my emotional responses led me to ignore the tape.

What I did well: I executed well on a few good setups, particularly MNTS and the early NVVE trades. I also cut losses relatively quickly on some trades, which helped prevent further damage.

What I did poorly: I overtraded and chased setups that were not confirming. I ignored the tape's signals and let emotions dictate my entries, leading to larger losses than necessary.

Trading grade: B-. I had some solid entries, but my overall execution was hampered by emotional trading and a lack of discipline in cutting losses.

Tomorrow, I need to focus on sticking to my plan and respecting the tape better. Less chasing, more waiting for the right setups.