2026-02-10 · 4 min read
A qualitative run-through of every trade from 2026-02-10: setups, thought process, and outcomes.
Day P&L: $-368.78 | Total R: -1.02R
A rough morning with EVMN set the tone for the day. I was eyeing it for a washout long, thinking it would bounce off a key support level around $30. The entry at $29.97 felt good, but the tape quickly turned against me, and I found myself exiting at $29.03 for a loss of $187.51. The stock didn’t hold the support, and I should have recognized the lack of buying pressure earlier. Lesson learned: don’t force a trade just because the setup looks good; wait for the confirmation.
Next up was QNCX, which had a massive gap of 118% and a high relative volume, making it a prime candidate for some quick trades. I managed to catch it on a sub VWAP trap, entering at $0.2883 and exiting at $0.2940, netting a small win of $122.53. The tape was alive, and it pushed higher, showing strength. But I got a bit greedy and jumped back in after a quick pullback at $0.3037, only to watch it drop to $0.3007, taking a small loss. That’s where I need to tighten up—recognizing when to walk away after a win instead of trying to squeeze out more.
JZXN entered my radar next, and it turned out to be a bit of a mixed bag. I caught a couple of solid sub VWAP traps with entries around $2.32, scaling out at $2.34 for a $108 win, and again at $2.47 for a nice $677 win after riding it up. But I also took some unnecessary losses, like the $756 hit when I chased after a bounce too aggressively. The stock had a low float and a decent rvol, so volatility was to be expected. I was on the right track with the setups, but I need to be more disciplined in my execution.
Moving into midday, I turned my attention to FGL. I had hopes of a washout long, but it just didn’t play out. My entries at $16.32 and $16.62 were too early, and I ended up taking losses that totaled nearly $500. The tape showed no signs of a reversal, and I let my bias cloud my judgment. I should have cut my losses sooner instead of hoping for a turnaround.
QNCX became my main focus again in the afternoon, and I tried to capitalize on the washout long setup. I had a couple of nice trades, particularly entering at $0.4244 and exiting at $0.4323 for a $178 win. But the market was choppy, and I got hit with a couple of losses right after, including a painful $643 loss when I chased a scalp trade. The rvol was still high, but the price action was erratic, and I didn’t adjust my strategy accordingly.
By the end of the day, I was left with a mixed bag of trades. I did manage to finish strong with a $404 win on a late washout long in QNCX, but the overall P&L was still negative. It’s clear that I need to work on my execution, particularly when it comes to cutting losses and being patient with my entries.
What I did well: I identified some solid setups, especially with QNCX, and capitalized on them when the tape showed strength. I also managed to scale out effectively on a few trades.
What I did poorly: I overtraded, especially with FGL and JZXN, and I held onto losing positions longer than I should have, which led to some significant drawdowns. My entries were sometimes forced rather than high-probability, which hurt my overall P&L.
Trading grade: B. I had some quality entries and a decent win rate, but I gave back too much on poor decisions and overtrading.
Looking ahead, I need to focus on patience and discipline. Tightening my risk management will be key, especially in choppy conditions. Tomorrow's a new day, and I’m ready to refine my approach.
Trade charts
Selected notable trades (by P&L) with time-of-day vs price (entry → exit).
JZXN 11:19:03 – 11:20:10 — P&L $-756.75
Entry $2.66 — Exit $2.56 $-756.75
JZXN 10:14:12 – 10:15:37 — P&L $+677.26
Entry $2.55 — Exit $2.72 +$677.26
QNCX 12:53:35 – 12:53:56 — P&L $-643.33
Entry $0.45 — Exit $0.44 $-643.33
QNCX 15:59:17 – 16:01:12 — P&L $+404.82
Entry $0.53 — Exit $0.56 +$404.82
FGL 12:26:28 – 12:26:40 — P&L $-271.71
Entry $15.91 — Exit $15.00 $-271.71