Daily Trading Report — 2026-01-16

2026-01-16 · 4 min read

A qualitative run-through of every trade from 2026-01-16: setups, thought process, and outcomes.

Running P&L for 2026-01-16

Day P&L: $+4158.59 | Total R: +9.83R

The morning opened with LCFY making a strong move. I saw the stock pull back sharply after the open, which set up a classic washout long for me. I entered at $5.58 and watched it bounce right off that level, exiting at $5.81 for a solid gain of $946.62, or 2.24R. The tape was clean, showing strong buying interest as it reclaimed that initial drop. It felt good to start the day off on the right foot.

But then, I got a little too eager with VERO. I tried to catch a rebound after it faded below VWAP, entering at $6.65. Unfortunately, I was met with selling pressure and quickly exited for a small loss. That set the tone for my early trades, as I continued to chase VERO on several sub VWAP trap setups. I entered multiple times, trying to find the bottom, but the stock just wasn’t cooperating. I took three more losses on VERO, with entries around $7.10, $7.00, and $6.90. I was forcing trades, hoping for a bounce that never truly materialized.

JFBR was another name I tried to work with during that early session. I made a few small trades, including a decent win when I caught a small bounce from $1.75 to $1.81. However, I also took a loss shortly after, entering at $1.76 and exiting at $1.72. The float on JFBR is relatively low at 3.16M, which often leads to choppy action, and today was no exception. I was probably too focused on trying to squeeze out gains instead of waiting for clearer setups.

The real action came mid-morning with VERO. After the initial struggles, I shifted my focus and caught a nice move above $7.36, entering at $7.37. It pushed up to $7.52, and I took a solid profit there. The momentum picked up, and I was able to ride it further, capturing a bigger piece with an entry at $7.68, exiting for a whopping $1,084 profit. The tape showed strong demand, and I felt like I finally found my rhythm.

As the morning wore on, I continued to trade VERO, capturing multiple wins as it squeezed higher. I took entries at $8.68 and $9.08, both yielding decent profits. The volume was significant, and it felt like the market was rotating into these low-float names, especially in the healthcare sector. VERO’s rvol was over 7, which made it clear that traders were active and looking for opportunities.

However, I still had my share of mistakes. I got a bit too aggressive late in the morning, taking a couple of small losses when I should have stepped back. I entered at $11.46 and exited at $11.40, a poor decision that cost me $97.32. I was trying to force a bounce that just wasn’t there. The market was still volatile, and I should have recognized that instead of trying to catch falling knives.

What I did well today was manage my winners effectively. I scaled out of positions when I saw momentum shifting, especially with VERO. My average win was $301.61, which shows that when I was right, I capitalized well. I also kept my losses relatively small, averaging just $98.25 when I was wrong.

On the flip side, I struggled with patience. I was overtrading, especially early on with VERO, and that led to unnecessary losses. I should have refined my focus and waited for clearer setups instead of trying to play every bounce.

Trading grade: B+. I had solid entries and good profit management, but I let myself get caught up in the moment and overtraded, which impacted my overall performance.

One key takeaway for tomorrow is to focus on quality over quantity. I need to be more selective with my entries and avoid forcing trades just because I feel pressure to be active. The market is there every day; I just need to wait for the right setups.