2026-01-30 · 4 min read
A qualitative run-through of every trade from 2026-01-30: setups, thought process, and outcomes.
Day P&L: $+746.95 | Total R: +1.86R
GITS caught my eye right out of the gate. I jumped in long at $5.80 after it pulled below VWAP and then reclaimed it. The tape showed solid buying interest, and I managed to exit for a nice $271.70 gain. This setup was textbook; I felt the momentum shift, and the quick exit was a good call as it reached a high of $5.91 before fading back down. This was a reminder of how important it is to listen to the tape and react quickly.
Then I flipped to the same name again, but this time I misjudged the washout long setup. I entered at $5.09, expecting a reversal after a sharp drop. The stock didn’t hold, and I ended up taking a hit of $851.45. The volume was weak, and I should have noticed the lack of support. Lesson learned: not all sharp drops are capitulation plays, especially when there’s no real conviction behind the move.
Next, FEED was on my radar. I tried to catch a bounce off VWAP multiple times but ended up with a series of small losses. The most painful was entering at $5.44, but the stock just didn’t have the buying pressure to hold above that level. I kept trying to force trades here, thinking it would eventually break out, but the tape told a different story. The volume was low, and with a float of just 1.09 million, it should have raised alarms. I should have stepped back and reassessed instead of chasing.
Meanwhile, I took a few scalps on SLV. The tape was more favorable here, and I had some decent trades, including a short at $89.05 for a small win and another at $88.33. The action was choppy but predictable enough to capitalize on. The volatility in SLV, with its higher relative volume at 3.53, allowed for quick in-and-out trades that I felt comfortable with. I managed to grab some nice gains, but I let a few trades slip away due to indecision.
The midday brought ELPW into play. I took a washout long at $2.69, but it didn’t hold, leading to a $510.60 loss. I was quick to jump back in at $2.46 and rode it up to $2.80 for a $981.97 gain. This was a classic case of letting my emotions get the better of me on the first trade. The second entry was much better, as I waited for confirmation before scaling in. The action on ELPW was wild, with a float of just 1.38 million, which made it prone to big moves.
Overall, I executed 42 trades today, with a win rate of 52%. While my average win was $220 and my average loss was $204, I let a few trades get away from me that I shouldn’t have. That $851 loss on GITS stung more than it should have, and I let the frustration lead to more trades than necessary.
What I did well: I recognized high-probability setups early on, especially with GITS. My scalps on SLV were timely and executed well. I also managed to pull a significant win out of ELPW after a loss, which shows resilience.
What I did poorly: I overtraded on FEED, ignoring the tape and forcing entries. My emotional reactions led to larger losses than necessary, particularly on the washout plays. I need to work on cutting losses faster and not getting caught up in the chase.
Trading grade: B+. My entries were mostly clean, and I had some solid wins, but I gave back too much on forced trades and emotional decisions.
Looking ahead, I need to focus on patience and reading the tape more critically. The market is volatile, and there’s no need to rush into trades that don’t feel right. Tomorrow, I’ll aim to be more selective and trust my intuition more.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
ELPW 13:46:30 – 14:38:02 — P&L $+2625.53
Entry $5.29 — Exit $6.00 +$2625.53
FEED 10:20:06 – 10:23:19 — P&L $-1255.27
Entry $5.45 — Exit $5.24 $-1255.27
ELPW 12:25:00 – 13:24:49 — P&L $+981.97
Entry $2.47 — Exit $2.80 +$981.97
GITS 09:57:21 – 10:12:31 — P&L $-851.45
Entry $5.09 — Exit $4.72 $-851.45
ELPW 12:24:41 – 12:24:46 — P&L $-510.60
Entry $2.69 — Exit $2.52 $-510.60