Daily Trading Report — 2026-02-20

2026-02-20 · 4 min read

A qualitative run-through of every trade from 2026-02-20: setups, thought process, and outcomes.

Running P&L for 2026-02-20

Day P&L: $-2733.09 | Total R: -7.14R

The early momentum in ABTS had me optimistic, but it quickly turned into a lesson in patience and discipline. My first trade was a long on ABTS at 3.935, aiming for a washout long setup. I thought the stock had potential to bounce back after a quick dip. Instead, it continued to slide, and I exited at 3.855 for a loss of $161.73. The tape showed a clear rejection; it didn’t hold the support I expected.

I tried to stick with ABTS, entering again at 4.618 for another sub VWAP trap setup. The initial push looked promising, but the selling pressure was relentless. I got out at 4.235, taking a hit of $505.82. I was chasing this name a bit too much, hoping for a reversal that just wasn’t materializing. The stock was heavy, and the volume didn’t support a bounce.

After a brief recovery trade on ABTS at 4.245, where I managed a small win of $64.27, I was back in the red with another sub VWAP trap attempt. I entered at 4.485 and exited at 4.443 for a loss. The stock just wasn’t cooperating, and I was clearly forcing trades that had little conviction behind them.

Moving on to RXT, I was hoping for some momentum given its higher float and the significant gap at the open. I scalped a small win for $37.86 but quickly gave it back with a series of losses. Each entry felt like I was trying to catch a falling knife; the tape was choppy, and I was too quick to jump in without waiting for confirmation. I ended the RXT trades with a net loss, which was frustrating.

BIYA and NCI were on my radar, but they turned out to be more trouble than they were worth. I took multiple stabs at BIYA, each time looking for a bounce, but they all ended in losses. The same went for NCI, where my entry at 6.96 felt good until it plummeted to 6.64. That was a hard hit, losing $1,149.72. The tape on these names was erratic, and I didn’t read the shifts well enough to adjust my strategy.

MGRX had some moments of life, especially when I caught a nice bounce after a washout. I grabbed 0.5815 and exited at 0.5920 for a gain of $136.24. The stock showed some resilience, but my subsequent trades were mixed, with one long at 0.599 leading to a loss of $65.24. The volatility was there, but I needed to be more selective with my entries.

As the afternoon rolled on, I returned to ABTS, which had some volatility that I thought could be exploited. I had a nice win at 4.419, exiting at 4.605 for a gain of $666.51. This was a clear washout long that played out well, but I followed it up with a series of smaller losses as I tried to push for more. I was a bit too eager, which led to me giving back some gains.

Overall, the day felt like a series of missed opportunities and forced trades. I saw some setups, but I didn’t execute them with the confidence and clarity needed. The market was choppy, with sectors like technology and healthcare showing mixed signals. Low-float names like MGRX and BIYA had some wild swings, but I let my emotions drive my decisions too often.

What I did well: I was able to identify some key setups and execute a few good trades, especially with ABTS and MGRX. I also managed to cut some losses quickly to prevent larger drawdowns.

What I did poorly: I overtraded and chased setups that didn’t have solid backing. I should have been more disciplined about waiting for confirmation from the tape before entering trades. My loss size was larger than my wins, which is not ideal.

Trading grade: B-. Entries were forced at times, and while I had some good reads, my execution fell apart in the choppy environment, leading to more losses than necessary.

One takeaway for tomorrow is to focus on quality over quantity. I need to slow down and let the market come to me rather than trying to force trades that aren’t setting up perfectly.