2026-02-03 · 3 min read
A qualitative run-through of every trade from 2026-02-03: setups, thought process, and outcomes.
NPT was the standout for me today, kicking off a mid-morning long at 8.31 as it started to show signs of a parabolic squeeze. The tape was solid, with buyers stepping in and pushing the stock up quickly. I managed to exit at 8.68 for a nice gain, though my best exit came at 8.85. This trade felt good as it was one of the few that followed through, and I was able to capitalize on the momentum before it started to fade later in the day.
Next up was GXAI, which I entered at 2.43 during a sub VWAP trap. The stock had gapped up significantly, and the volume was heavy, indicating strong interest. I saw it pull back to VWAP and then reclaim, so I jumped in. I exited at 2.54, with a best exit of 2.62. The trade was a bit choppy, but overall, it held up well enough to give me a small win.
As we moved into the late afternoon, I took a washout long on NPT again, this time at 12.65. I was looking for a reversal after a sharp drop, but the buyers just weren’t there. The entry was near the 1m9 at 12.26, which seemed promising, but the stock quickly faded. I had to cut the trade at 12.01, which cost me $800. It was frustrating to see the stock fail to hold after that initial drop.
I then tried another washout long on NPT at 10.63, hoping for a bounce after another sharp decline. This entry was also near the 1m9 level, but once again, sellers were aggressive. I exited at 9.59 for another loss of $507. The trend was clearly against me, and I should have recognized that the momentum was just not there today.
I took one more washout long on NPT at 9.17, thinking that it might finally hold. Unfortunately, the stock continued to get pressured, and I exited again at 8.67 for a loss of $442. At this point, it was clear that the late-day action was not favorable.
Finally, I made a scalp trade on AMD, entering at 236.30. The stock was volatile, and despite my best efforts to ride the momentum, I had to exit at 229.89, losing $428. It was a tough spot — the action just didn’t align with my expectations.
Overall, the day was challenging, marked by a lot of back-and-forth but not much follow-through. I struggled to read the tape effectively as the late-day action was chaotic.
What I did well: I executed the early trades with discipline and managed to capture some gains.
What I did poorly: I failed to recognize the shift in momentum during the late trades and kept trying to catch the bottom.
Trading grade: C — I had a couple of solid early trades but fell into the trap of forcing late-day moves that just weren't there.
Tomorrow is another day to reset and find better setups.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
AMD 16:16:28 – 16:20:44 — P&L $-427.82
NPT 15:44:16 – 15:44:32 — P&L $-441.79
NPT 15:34:50 – 15:37:31 — P&L $-506.84
NPT 15:04:12 – 15:09:23 — P&L $-799.86
NPT 10:15:53 – 10:16:48 — P&L $+526.92