2026-01-09 · 3 min read
A qualitative run-through of every trade from 2026-01-09: setups, thought process, and outcomes.
PAVS was the standout trade of the day, coming out of the gate strong. I entered at 2.92 on a sub VWAP trap setup, looking for a bounce after a brief dip below VWAP. The tape showed buyers stepping in, and there was solid volume as it reclaimed the VWAP area. I managed to exit at 3.03 for a nice profit, with an average exit of 2.99. It was a clean move, and the stock held well above the 1m9 at 2.84 during my entry, which added confidence. There was a lot of action in the consumer defensive sector today, and PAVS was leading with its 36% gap, drawing attention from traders.
After that, I took a couple of stabs at MTEN, which was trading in the consumer cyclical space. The first trade was a quick scalp that didn’t pan out, as sellers were aggressive right at the VWAP, leading to a rejection. I cut that for a small loss, but later I tried to catch a follow-through above a recent high. Unfortunately, that also didn’t hold, and I ended up taking another small loss. The tape was choppy, with bids not holding up as I expected, and it was tough to gauge the momentum with such high relative volume.
Next, I looked at NBY, which had a much quieter day in terms of action compared to PAVS and MTEN. I was hoping for a washout long after a sharp drop, but the buyers just weren’t stepping up. I took a small position but had to cut it as sellers stayed heavy, leading to another loss. The biotech sector has been tricky lately, and this name didn’t have the volume I was hoping for, which made it difficult to trade effectively.
Overall, the day had its highlights with PAVS, but I found myself overtrading in the latter part of the session, trying to force moves that weren’t there. I should have focused more on the stronger setups and avoided the noise from the other names.
What I did well: I executed my entry on PAVS well, capitalizing on the setup.
What I did poorly: I overtraded with MTEN and NBY, which led to unnecessary losses.
Trading grade: B — Strong execution on the standout trade, but I let other setups distract me.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
MTEN 13:24:59 – 13:28:16 — P&L $+93.57
MTEN 12:34:31 – 12:36:38 — P&L $-98.14
MTEN 11:55:42 – 11:56:56 — P&L $-72.40
MTEN 11:29:09 – 11:43:59 — P&L $+147.43
PAVS 09:30:11 – 09:30:25 — P&L $+363.43