2026-02-02 · 3 min read
A qualitative run-through of every trade from 2026-02-02: setups, thought process, and outcomes.
Today was a mixed bag, starting with a tough loss on ROMA that set the tone early. I entered long at 7.24, looking for a bounce after it faded below VWAP. The setup seemed promising, but the tape quickly turned against me. I had to exit at 6.34, which left me down $1,336. The selling pressure was evident as the stock struggled to hold any support. Sellers were aggressive, and it became clear that the buying interest wasn't there.
After that rough start, I shifted my focus to PBM, which had gapped up significantly. I took my first entry at 11.52, targeting a sub VWAP trap. The stock had a strong reaction, reclaiming the VWAP and pushing higher. I managed to exit at 12.54 for a solid gain of $1,524. The volume was impressive, and buyers were stepping in, showing strength as it broke through resistance levels. The action felt fluid, and it was nice to see the follow-through I was looking for.
Later in the morning, I saw another opportunity with PBM at a lower price of 7.05. This was more of a washout long setup after a sharp drop. I entered, and it bounced nicely, allowing me to exit at 7.58, netting a gain of $319. The tape was choppy, but there was enough support to confirm the reversal, and I capitalized on it well.
Overall, the market today had a strong focus on healthcare and industrials. PBM's volatility really stood out, given its low float and high relative volume. The action in these sectors was where I found most of my trades, and it was clear that the market was favoring names with higher volatility.
What I did well: I adjusted quickly after the initial loss and capitalized on PBM's movement. What I did poorly: I misread the strength of ROMA's setup and held on too long.
Trading grade: B — I executed well on PBM but need to refine my entries after a loss.
Looking forward to tomorrow.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
PBM 11:55:14 – 11:55:46 — P&L $+318.68
PBM 11:43:48 – 11:43:59 — P&L $+222.84
FUSE 11:19:26 – 11:23:58 — P&L $-221.52
PBM 10:32:41 – 10:37:59 — P&L $+1524.03
ROMA 10:29:24 – 10:29:58 — P&L $-1335.75