Daily Trading Report — 2026-01-22

CMCT was the standout trade of the day. I entered at 4.61 during the early morning rush, looking for a bull flag setup. The initial move was strong, and I was able to exit at 5.09 for a solid gain of $821, with my best exit hitting 5.76. The stock had some nice momentum, pulling back to the 1m9 level around 4.63 before bouncing back, showing buyers were stepping in. The volume was there, and it felt like a good play right out of the gate.

Next was SXTP, where I initially entered at 6.67. This was a sub VWAP trap setup, and the stock had gapped up significantly. I caught a quick move to 6.97, locking in $583. The tape was choppy, but it managed to hold above the VWAP briefly, which gave me the confidence to take that long. However, I also took a couple of hits on SXTP later in the morning. I entered again at 7.68, but the stock couldn’t hold the momentum and I exited at 7.38, taking a loss of $505. The sellers were aggressive, and I didn’t see the rejection coming.

Then I tried another long on SXTP at 7.45, which initially looked promising. It was trading around the 1m9 at 7.16, but it quickly faded, and I exited at 7.51 for a gain of $644. The stock showed some strength, but the overall volatility made it hard to predict where it was going.

I also traded CMCT again, entering at 4.91, but it didn’t follow through as I expected. I cut the position for a small loss at 4.80. The tape was showing heavy selling pressure, and I had to accept that the setup wasn’t working.

Moving into the mid-morning, I took a scalp on SPHL, entering at 10.50. This was a quick trade, but it didn’t go my way as I exited at 9.77, realizing a loss of $1,096. The stock was volatile, and I misjudged the entry point.

Later, I shifted my focus to NAMM, where I had a few trades. I entered at 3.77 and exited at 3.89 for a gain of $364. The stock had decent volume and was moving well, so I was pleased with that trade. I also took a loss on another NAMM trade at 4.03, exiting at 3.93. The tape was showing signs of weakness, and I cut it quickly to limit my losses.

In the afternoon, I found some recovery with NAMM again, entering at 4.11 and exiting at 4.22 for a gain of $944. The buyers were stepping in, and it was nice to see some follow-through. I also caught another win on NAMM when I entered at 4.69 and exited at 4.83.

Later in the day, I tried BGL as a washout long, entering at 3.66 but exiting at 3.54 for a loss. The stock didn’t hold up as I had hoped, and I had to take the loss. However, I managed to catch a rebound on BGL later, entering at 3.78 and exiting at 3.96 for a gain of $388.

Finally, I wrapped up the day with a trade on DRCT, entering at 2.87 and exiting at 3.00 for a gain of $348. The stock had spiked and I was able to catch that move, which felt good after a rougher morning.

Overall, it was a mixed day with some solid gains offset by a few larger losses. I executed well on my initial trades, but the choppy action later in the day led to some missteps.

What I did well: I recognized strong setups early and executed on CMCT effectively.
What I did poorly: I mismanaged trades on SXTP and SPHL, leading to larger losses than necessary.

Trading grade: C+ — Good execution early, but failed to adapt to the tape later in the day.

Trade charts

Selected notable trades (by P&L) with time-of-day vs price (entry → exit).

NAMM 12:16:39 – 12:26:00 — P&L $+944.48

SPHL 10:11:06 – 10:11:11 — P&L $-1096.44

SXTP 09:45:01 – 09:47:01 — P&L $+643.64

SXTP 09:33:03 – 09:33:23 — P&L $-1328.21

CMCT 09:07:29 – 09:11:55 — P&L $+821.47