2026-02-06 · 4 min read
A qualitative run-through of every trade from 2026-02-06: setups, thought process, and outcomes.
Day P&L: $-2879.15 | Total R: -7.04R
The morning opened with FLYE showing some potential. I took a long position at 7.34, aiming for a washout long setup. My reasoning was solid; the stock had a low float of 0.78M and was moving with a high relative volume of 815.27, suggesting it could catch a bid. However, the tape quickly turned against me, and I had to cut the trade at 6.83 for a loss of around $896.38. It was an immediate reminder that just because a setup looks good, it doesn’t mean the market will support it.
I tried to recover with another long on FLYE at 5.94, catching a slight bounce that netted me a small win of $69.44. But right after that, I jumped back into a washout long at 6.13 without waiting for confirmation, resulting in a loss. The tape was choppy, and I was forcing trades rather than waiting for clear signals. This was a theme throughout my early trades; I was eager but not disciplined enough.
The real action shifted to BOXL later in the morning. I spotted a sub VWAP trap and entered at 2.60. The stock had already gapped up by 12.8%, and with a short interest of 32.8%, the potential for a squeeze was there. I made a decent gain of $360.23 on this one, but then I got a bit too aggressive. I took multiple entries in quick succession, and while I did catch a bounce at 2.64, the subsequent trades were losses as the stock faded back down. This was a clear case of overtrading on my part without respecting the price action.
Switching gears, I turned my attention back to FLYE and then SMX, which was gaining momentum. I attempted several washout longs and sub VWAP traps, but the results were mixed. The tape on SMX was particularly erratic, with large swings that made it difficult to maintain a clear strategy. I caught a nice win at 12.19, but I also took heavy losses on other entries, especially when I tried to chase moves. At one point, I entered at 17.21 and had to exit at 16.71 for a significant loss of $1,147.89. It was frustrating to see the stock then bounce back shortly after; I was clearly not in sync with the market.
Throughout the day, I noticed that consumer cyclical stocks like FLYE and SMX were dominating the volume, while tech names like BOXL struggled to hold gains. The low floats were enticing, but they also meant that any selling pressure could lead to rapid declines. I should’ve been more cautious with my sizing and focused on the clearer setups rather than trying to catch every move.
What I did well today was identify the potential in BOXL and SMX early on. I was able to capitalize on a few trades that worked out, and I did manage to cut losses relatively quickly on some positions.
On the flip side, I overtraded significantly. I tried to force entries without waiting for the right setups and ignored the tape too often. My win rate of 36% reflects that; I was throwing darts rather than executing with precision. The average loss was too close to my average win, which is a sign I need to tighten my risk management.
Trading grade: C. My entries were often at high-probability spots, but I didn’t manage my losses well and was too reactive rather than strategic.
Looking ahead, I need to focus on refining my entries and respecting the tape more. It’s about finding that balance between aggression and patience. Tomorrow, I’ll aim to be more selective in my trades and avoid getting caught up in the noise.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
SMX 11:57:51 – 12:07:00 — P&L $-1147.89
Entry $17.21 — Exit $16.71 $-1147.89
FLYE 09:02:49 – 09:05:29 — P&L $-896.38
Entry $7.34 — Exit $6.83 $-896.38
SMX 13:47:39 – 13:48:42 — P&L $-627.45
Entry $16.87 — Exit $16.57 $-627.45
SMX 12:31:12 – 12:33:16 — P&L $+604.48
Entry $17.75 — Exit $18.27 +$604.48
SMX 11:04:58 – 11:05:09 — P&L $-561.96
Entry $16.97 — Exit $16.30 $-561.96