2026-01-21 · 4 min read
A qualitative run-through of every trade from 2026-01-21: setups, thought process, and outcomes.
The day was heavily influenced by the healthcare sector, particularly with PAVM and its high volatility. I was looking for opportunities to capitalize on the early action, but the tape was challenging. My first trade was a washout long on PAVM, where I entered at 19.61. The stock initially showed some promise but quickly faded; my best exit was at 19.38, and I ended up cutting it for a loss at 18.50, which totaled a loss of about $429. The tape was choppy, with aggressive sellers pushing the price down right after my entry, preventing any sustained bounce.
Shortly after, I took a sub VWAP trap trade on GITS, entering at 2.50. I aimed for a quick reclaim, but it didn’t hold. The stock retraced back down, and I exited at 2.41 for a loss of $309. The bids weren’t holding, and it felt like sellers were staying heavy, which made it tough to find support.
I came back to GITS for another attempt, entering at 2.79. This time, the setup worked; it reclaimed VWAP and pushed up to 2.87, where I exited for a gain of $429. The tape showed buyers coming in with strong bids, which helped the stock run. It was a nice recovery from the earlier loss.
I then executed a washout long on GITS again, this time entering at 2.26. This trade also performed well, and I was able to exit at 2.22 for a profit of $467. The stock bounced nicely off the low, and the volume increased, indicating a good reversal.
Returning to PAVM, I attempted another sub VWAP trap at 27.66. Unfortunately, this trade didn't go as planned; I faced aggressive selling right after entry and had to cut it at 26.22 for a loss of $781. The stock was trading heavy, and I misjudged the strength of the selling pressure.
Midday, I shifted focus to NAMM and took a parabolic squeeze entry at 1.88. This one worked out well; I exited at 1.96 for a gain of $344. The stock was in a strong uptrend, showing clear buying interest and holding above key levels.
However, I later took a washout long on NAMM at 1.99. This trade didn’t hold, and I exited at breakeven, losing $411. It was a tough market to catch reversals as sellers were consistently aggressive. Another washout long on NAMM at 1.99 also resulted in a loss, closing at 1.88 for a $390 loss, as the stock failed to find support.
The last trade of the day was a washout long on NAMM again, entering at 2.65. This was a significant misstep; I held through some volatile action but ultimately exited at 2.35 for a loss of $2,595. The tape was choppy, and I couldn’t read the signals correctly, leading to a hefty drawdown.
What I did well: I recognized good setups on GITS and executed them effectively.
What I did poorly: My timing on PAVM and NAMM entries was off, resulting in larger losses.
Trading grade: C — The day was marked by poor reads on key levels and a failure to adapt to the aggressive selling in certain names.
Tomorrow's another day to refine these entries and focus on the tape.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
NAMM 15:40:42 – 16:18:10 — P&L $-2595.16
PAVM 11:09:14 – 11:09:45 — P&L $-781.01
GITS 10:32:54 – 10:41:40 — P&L $+466.85
GITS 10:15:56 – 10:17:48 — P&L $+429.22
PAVM 09:10:38 – 09:12:17 — P&L $-428.66