Daily Trading Report — 2026-02-02

2026-02-02 · 3 min read

A qualitative run-through of every trade from 2026-02-02: setups, thought process, and outcomes.

Running P&L for 2026-02-02

Day P&L: $+430.25 | Total R: +1.05R

Caught a glimpse of the market's pulse early on, and it felt a bit off. ROMA was my first trade of the day, trying to capitalize on a sub VWAP trap. I entered at 7.23, hoping to ride a bounce back above VWAP. Instead, it dropped hard, and I cut my losses at 6.34, taking a hit of over $1,300. The tape showed a clear rejection; it just didn’t have the strength I anticipated. The volume was decent, but the buyers were nowhere to be found. Lesson learned: don’t force a trade just because it fits a setup if the tape doesn’t back it up.

Next up was PBM. I spotted another sub VWAP trap and entered at 11.52. This time, the stock responded. It ripped to 12.54, netting me a solid gain of over $1,500. The volume was incredible, especially given the float of just over a million shares. It was clear the buyers were stepping in, and the momentum carried me through. I was more selective with my entries here, which paid off.

Then I tried to replicate that success with JLHL and FUSE, both of which I approached with the same sub VWAP trap mentality. JLHL didn’t pan out, and I took a small loss, but FUSE was a bit of a rollercoaster. I entered FUSE twice, first at 3.01 and then again at 3.03, but it just didn’t hold. The stock was very choppy, and I had to take a small loss on the first entry before barely breaking even on the second. The overall sentiment in the sector felt off, and I should’ve recognized that sooner.

I returned to PBM for a washout long setup after it pulled back sharply. I entered at 5.40, and it bounced nicely, allowing me to secure a small profit. The key here was recognizing the capitulation moment and not letting the fear of missing out drive my decision-making. I was able to follow that with another entry at 8.20 that also worked out well. The momentum was building, and the stock was clearly in play, which felt good after a rocky start to the morning.

What I did well today was my ability to identify strong setups, particularly with PBM. My timing improved, especially on the washout longs, and I was quick to cut my losers when the tape didn’t support my trades. I also managed to avoid overtrading after my early mistakes.

On the flip side, I let the early losses get in my head, which led to some forced trades. I chased FUSE too aggressively, and that cost me. I need to remember to stick to my strategy and not deviate when things get shaky.

Trading grade: B+. My entries were mostly clean, particularly with PBM, and my winners were larger than my losers, but I gave back too much on a few revenge trades.

Looking ahead, I need to focus on maintaining discipline and not letting emotions dictate my trades. Tomorrow's a new day, and I’ll keep my eye on the tape to ensure I’m in sync with the market flow.