Daily Trading Report — 2026-02-06

The day started with FLYE, where I looked for a washout long after it gapped up and then pulled back sharply. My first entry was at 7.65, but the stock continued to drop and I exited at an average of 6.83, with my best exit at 7.57. It was an extended entry, and I should have been more cautious; the tape showed aggressive selling as it failed to hold above the 1m9, which was well below my entry. In hindsight, the move lacked the necessary support to sustain a bounce, and I took a hit of about $896.

Next up was BOXL, where I spotted a sub VWAP trap setting up. I entered at 2.60, and the stock quickly moved in my favor, allowing me to exit at an average of 2.67 and a best exit of 2.69. The bids were holding up well, and I was able to catch a quick gain of $360. The action here felt more stable, and it was nice to see the follow-through after the initial reclaim of VWAP.

Mid-morning, I shifted my focus to SMX, which showed a lot of promise. My first entry was at 11.46, and I was able to ride it up, exiting at an average of 11.86 with a best exit of 12.25. The stock had been trading below VWAP but reclaimed it nicely, and I saw strong bids holding up, which gave me confidence to take it long. I took another trade on SMX shortly after, entering at 13.18 and exiting with a profit of $436 at an average of 13.99. Again, the bids were solid, and the stock continued to show strength.

I continued to trade SMX, entering at 13.60 and exiting at an average of 14.25, capturing another $386. The stock was clearly in play today, exhibiting strong momentum as it pushed higher. However, I hit a rough patch when I entered at 16.97; the stock quickly reversed, and I had to cut it at 16.30 for a loss of $562. The tape showed aggressive selling pressure, and I misread the strength, which led to a poor decision on my part.

Another trade on SMX saw me enter at 15.09, but I exited at 14.92 for a loss of $378. The name simply couldn't hold its gains, and sellers were staying heavy, making it tough to stay in the trade. I then attempted to scalp BUUU, entering at 15.50 but exiting at 14.26, resulting in a $324 loss. This was a classic case of a scalp that didn’t work out as intended.

I tried to get back into SMX again, entering at 17.64, but it reversed sharply, and I had to cut it at 16.71, which resulted in my largest loss of the day at $1,148. The stock had initially shown promise but quickly turned choppy, and I realized too late that the momentum had shifted. I did manage to turn things around slightly with a solid long at 17.72, where I exited at an average of 18.27, netting $604. The bids held up nicely, and I capitalized on the quick move.

I also took a washout long on SMX at 17.95, exiting at 18.32 for a gain of $379. The stock was showing signs of strength, and it was nice to see it bounce back after the earlier volatility.

What I did well: I executed well on the early trades with SMX, reading the tape effectively.
What I did poorly: I mismanaged the later SMX trades when it reversed against me, leading to larger losses.

Trading grade: C — I had solid entries but failed to adapt when the tape turned against me on multiple trades.

Trade charts

Selected notable trades (by P&L) with time-of-day vs price (entry → exit).

SMX 13:47:39 – 13:48:42 — P&L $-627.45

SMX 12:31:12 – 12:33:16 — P&L $+604.48

SMX 11:57:51 – 12:07:00 — P&L $-1147.89

SMX 11:04:58 – 11:05:09 — P&L $-561.96

FLYE 09:02:49 – 09:05:29 — P&L $-896.38