Daily Trading Report — 2026-02-03

2026-02-03 · 4 min read

A qualitative run-through of every trade from 2026-02-03: setups, thought process, and outcomes.

Running P&L for 2026-02-03

Day P&L: $-2987.94 | Total R: -7.23R

NPT was my first trade of the day, taking a long position after it showed signs of a washout. I entered at $7.31, hoping for a quick bounce off what I thought was a strong support level. Unfortunately, it didn’t hold, and I exited at $7.24 for a $176 loss. The tape was choppy, and I should have noticed the lack of buying interest; it felt like the stock was just hanging around rather than gaining traction.

I tried to catch another washout on NPT shortly after, entering again at $5.98. This was another miss as it dropped to $5.93, costing me another $157. The volume was light, and I realized I was forcing trades on a stock that was clearly struggling. The overall action in the industrial sector wasn’t helping; NPT had a low float of only 3.62 million, which usually leads to volatility, but today it felt more like a trap.

I moved over to GXAI, looking for a bounce after it fell below VWAP. I entered at $2.09 but exited almost immediately to minimize damage, taking a tiny loss of $0.80. I was still in the mindset of trying to recover losses rather than waiting for a clear setup. The stock later showed some life with a well-timed reclaim, which I missed, but I got back in at $2.0999 and managed to capture a small win at $2.11, netting $41.34. It was a small victory, but the tape showed that GXAI had some potential, especially with a gap up of over 60% on the day, indicating strong interest.

After that, I caught a solid parabolic squeeze on NPT, entering at $8.33 and exiting at $8.68 for a gain of $526.92. This was one of the few bright spots of the day, as the stock really pushed higher, and I was able to ride that momentum. The volume was picking up, and it felt like the buyers were finally stepping in. However, I quickly gave back some of those gains by trying to catch another washout on NPT, which led to a series of losses, including a significant hit of nearly $800 when I entered at $12.33 and exited at $12.01.

By the afternoon, I was still trying to recover losses from earlier trades. I entered NPT again at $10.01, hoping for a bounce that never came, and that ended with another $506 loss. My mindset was clearly not where it needed to be, and I was chasing rather than trading with conviction. The tape showed a lot of selling pressure, and I should have recognized that the stock was not in a position to rebound.

Later in the session, I tried some scalps on various names like APPS and AMD, but they were all poorly timed and resulted in further losses. I was overtrading, hoping to make back what I lost, and it just wasn’t working. The market structure was shaky, especially in the industrials, which were mostly under pressure.

What I did well today was recognize when a stock like GXAI was showing signs of strength after a dip, and I capitalized on that with a couple of successful trades. I also managed to cut some losses quickly, which prevented further damage on a few occasions. However, what I did poorly was overtrade and chase setups that weren’t materializing. My entries were often forced, and I failed to respect the overall market context, especially in the industrial sector, which was lacking momentum.

Trading grade: C. My entries were not high-probability, and I was too often on the wrong side of the market, leading to more significant losses.

As I wrap up the day, I need to focus on being more selective and patient. Tomorrow, I’ll aim to stick to setups that align with the broader market context and avoid forcing trades just to recover losses.