Daily Trading Report — 2026-02-11

2026-02-11 · 4 min read

A qualitative run-through of every trade from 2026-02-11: setups, thought process, and outcomes.

Running P&L for 2026-02-11

Day P&L: $+1727.45 | Total R: +4.84R

QNCX was a standout name early on, gapping up over 118%. I took a long position at 0.6868, and while it was a small win of $10.27, the tape was telling me to stay alert. The stock had a nice push initially, but I was cautious about chasing it too high. I’ve learned that patience pays off, and it’s better to let the momentum settle before jumping in.

KIDZ was another early trade. I managed to catch a washout long around 0.2583. It pulled back and tested support, bouncing nicely to 0.2613. I locked in a small profit of $54.58. The volume was decent, but the real play was recognizing the capitulation and the subsequent reversal.

Then came RENX. I took two trades, both of which ended in the red. The first entry was at 0.3467, but it quickly faded. I was trying to catch a sub VWAP trap, but this one didn’t hold. The second attempt was at 0.3457, and it got even worse, showing me that sometimes it’s best to walk away when the tape is weak. The overall momentum just wasn’t there, and I should’ve recognized the signs sooner.

QVCGP was a mixed bag for me. I saw some quick scalps that worked, like the entry at 3.7855 where I exited at 3.9671 for a solid $290.13. But I also had several trades that were just noise, like the one where I lost $270.71 trying to catch a bounce at 3.94. I ended up overtrading this name, and while I had some winners, I didn’t control my risk well enough on the losers.

Mid-morning, I shifted gears to NCI and saw better action. I recognized the potential for a sub VWAP trap here, entering at 1.2855 and exiting at 1.2691 for a loss. But then, I regrouped and took a few more trades, catching a nice bounce back to 1.6910 for a gain of $220.49. The stock had a low float and was pretty volatile, which gave me some good opportunities, but also left me with some bruises from poorly timed entries.

As we moved into the afternoon, NCI continued to be active. I took several washout longs, some of which panned out and others that didn’t. The key takeaway was to focus on the tape and avoid getting caught in the chop. I had a notable win at 2.65, exiting at 2.7759 for a $387.06 gain. The momentum shifted there, and I was able to capitalize on it, which felt good.

The tape showed a lot of back-and-forth action, especially in the consumer cyclicals like QVCGP and NCI. The volume was concentrated in low-float stocks, which often leads to rapid moves, but it also means you have to be on your toes. I should have cut losses faster; I let a few trades linger longer than they should have, which hurt my overall performance.

What I did well: I maintained a focus on setups that had potential, particularly with NCI and QVCGP. My entries were often at key levels, and I recognized when to scale back. I also did a decent job managing my winners when they were working.

What I did poorly: I overtraded, especially in QVCGP, and did not cut losses quickly enough on RENX and NCI. My win rate was decent, but the losses were too frequent and too large. I need to be more selective and avoid forcing trades when the tape isn’t aligning.

Trading grade: B+. I had some solid entries and managed to keep my winners larger than my losers, but I gave back too much on a few bad trades that could have easily been avoided.

The takeaway for tomorrow is to stay patient and focus on the quality of setups rather than the quantity of trades. I need to trust my reads and be ready to step back when things aren’t moving as expected.