Daily Trading Report — 2026-01-26

2026-01-26 · 5 min read

A qualitative run-through of every trade from 2026-01-26: setups, thought process, and outcomes.

Running P&L for 2026-01-26

Day P&L: $-2717.77 | Total R: -7.02R

The morning began with EVTV, a name I had been watching closely due to its low float and significant gap down. I jumped in long at $2.99, but the tape quickly turned against me. It felt like a classic scalp trade gone wrong; I exited at $2.95 for a small loss. I repeated this pattern a few times with EVTV, trying to catch a bounce but ended up losing ground instead. The stock had a choppy opening, with buyers showing weak support. I should have recognized the lack of momentum earlier.

Next up was BATL. I took a long position at $6.17 after a sharp drop, expecting a washout long setup. The stock briefly rallied to $6.23, allowing me to lock in a small win. However, my next trades on BATL were less successful. I chased a couple of entries, including one near $6.33, only to see it fade back down. The volume was lower than I anticipated, and that should have raised a red flag. Overall, I was too eager to trade this name without respecting the tape.

NVVE was another focus. I initially took a long position at $4.67, but it quickly fell apart, and I exited at $4.35 for a significant loss. I tried to catch the bottom again at $3.78, but the stock didn’t hold, and I ended up taking another hit. The float was tiny, which usually means more volatility, but I didn’t account for the selling pressure that kept coming in. My entries were forced, and I ignored the broader market context, which was showing signs of weakness.

After that, I moved to NAMM, where I had some success with a couple of sub VWAP trap trades. I entered at $4.99 and managed to exit at $5.03 for a small win. The stock showed a little more stability, and I should have capitalized on that momentum rather than overtrading. But I made a mistake by trying to catch every bounce. The tape was showing signs of exhaustion, and I should have taken a step back.

Later in the day, I shifted my attention to MBAI. It was volatile, but I found a couple of decent setups, including a washout long and subsequent sub VWAP traps that yielded positive returns. I took the opportunity to scale in and ride the momentum, but I gave back some profits on a couple of trades that didn’t pan out as expected. The float was low, and the rvol was high, which created opportunities but also increased risk. I felt the pressure to keep trading, but I should have been more selective.

By midday, I was still trying to make up for earlier losses, which led to some poor decisions. I traded DRMA, where I initially found success but then got caught in a losing streak as I chased entries that just weren’t there. The tape was showing signs of weakness, but I pushed through, hoping for a reversal that never came. I need to remind myself that patience often pays off more than forcing trades.

PHGE was a late-day focus, and I had a mix of wins and losses here. I saw some good moves, especially after entering at $7.67 and exiting at $8.02. However, I also let a couple of trades slip into losses, particularly when I tried to jump in during what seemed like a bull flag setup but ended up being a false breakout. The market was choppy, and I was too eager to chase.

Reflecting on the day, I executed 51 trades, winning 30 of them. While that 59% win rate sounds decent, the average loss was significantly larger than the average win. I let my desire to recover losses push me into trades that weren’t high probability, and I failed to maintain discipline.

What I did well: I identified some setups correctly and managed to capitalize on a few opportunities with MBAI and PHGE. I also scaled in when I saw strength.
What I did poorly: I overtraded, especially in the morning, and ignored the tape on several occasions. My entries were often forced and lacked the quality needed for a strong day.

Trading grade: B-
My entries had potential but were often impulsive, leading to larger losses than my wins could offset. I need to focus on better timing and respecting the market's signals.

One takeaway for tomorrow: Emphasize quality over quantity. I need to be more selective and patient, waiting for setups that align with the broader market context.