Daily Trading Report — 2026-01-08

2026-01-08 · 4 min read

A qualitative run-through of every trade from 2026-01-08: setups, thought process, and outcomes.

Running P&L for 2026-01-08

Day P&L: $-824.51 | Total R: -1.80R

FLYX was on my radar early with its significant gap, and I was looking for a bull flag setup. I took a couple of trades in quick succession, but both entries at $6.81 and $6.84 were forced. The stock gave me a small win on the third entry at $6.88, but I quickly gave back those gains and then some on the following trades. The tape showed heavy selling pressure, and once it broke below $6.40, I should have recognized the shift in momentum. Instead, I pushed into a washout long around $6.18, which resulted in a hefty loss of over $320. The price action was choppy, and I didn’t respect the fact that the stock was struggling to hold its gains.

NVVE caught my eye after the first ten minutes when it set up for a parabolic squeeze. I entered at $4.61 and captured a nice move up to $4.68. This was one of the few bright spots in the morning, and I felt good about the entry timing. However, I couldn't hold onto that positive momentum. I chased a couple of sub VWAP traps later on, which ended in losses. The tape showed a clear rejection at $5.30, and I ignored the signs. I should have cut my losses sooner when it started to fade below key levels.

As the morning progressed, I shifted focus back to FLYX, trying to play the sub VWAP traps. I managed to snag a decent trade at $6.22, exiting at $6.70 for a solid win. The stock had cleared some overhead resistance, but I got too greedy with my next trade when it faded down again. The market felt heavy, and I should have taken that as a cue to step back. Instead, I kept trying to catch the bounce, resulting in more losses while trading the same name.

I then switched gears to ACON and SXTC. Both stocks were low-float names with decent volume, but I found myself overtrading. ACON had a nice gap, but I overextended into a couple of washout longs that didn’t pan out. SXTC offered some scalping opportunities, and while I managed a few quick wins, I also faced frustrating losses that chipped away at my earlier profits. The tape was all over the place, and I wasn’t reading it correctly. I kept forcing trades instead of waiting for clearer setups.

Looking at the broader market context, the healthcare sector was active with both ACON and SXTC, but the heavy volume didn’t translate to favorable conditions for my strategies today. There was a lot of rotational activity, but I failed to capitalize on it effectively. The action was concentrated in low-float stocks, which led to volatility, but I didn’t adapt quickly enough to the erratic movements.

What I did well was identify potential setups early, especially with NVVE and FLYX, and I had a couple of good entries. I also managed to take profits when I had them, particularly on that sub VWAP trap with FLYX. What I did poorly was overtrade, particularly in low-quality setups that I should have avoided. I ignored the tape when it was clear that some of my entries were forced, leading to multiple losses that could have been mitigated.

Trading grade: C. I had a few solid entries, but I was too aggressive in my trades and didn’t manage my risk effectively, which resulted in a poor win rate and negative R overall.

One takeaway for tomorrow: I need to focus on quality over quantity. I should stick to high-probability setups and avoid forcing trades when the tape is unclear.