Daily Trading Report — 2026-02-23

2026-02-23 · 4 min read

A qualitative run-through of every trade from 2026-02-23: setups, thought process, and outcomes.

Running P&L for 2026-02-23

Day P&L: $-3511.63 | Total R: -10.21R

The first trade of the day was a quick scalp on FBIO, where I entered at 4.01 and exited at 4.0172 for a small gain of $17.50. It was a low-risk setup, but honestly, not much to write home about. The stock was pretty quiet, just a minor flicker on the tape. I followed that up with a series of trades on ALUR, where I initially shorted at 1.715, catching a nice quick move down to 1.656 for a profit of $174.95. The tape was active, and I could see sellers stepping in decisively. The float on ALUR was low at around 9.95M, which helped amplify the moves.

After a few more short scalps on ALUR, I jumped into SNDK, trying to catch a bounce. I entered at 678.50 and exited at 680, netting a quick $30. However, I then overtraded on SNDK again, trying to catch the same momentum, which backfired when I took a small loss on the second entry. I was a bit too eager there.

The real challenge came with NCI. I attempted a washout long at 6.56, but it turned into a disaster, dropping to 5.88 and costing me $1,700. I misread the tape here. The stock had broken down hard, and instead of waiting for confirmation, I jumped in too early, thinking I was getting a bargain. The volume was heavy, and the selling pressure was evident. After that, I managed to recover slightly by shorting NCI after it bounced back to 5.24, riding it down to 3.92 for a solid $1,324 win. That was a reminder to always respect the trend.

The mid-morning was dominated by SGN, where I tried multiple longs, thinking I could catch a bounce off support. Unfortunately, I misjudged the timing and the strength of the selling. I entered a few times, including a sub VWAP trap, but got burned more often than not. The stock was choppy, and while I did see some nice moves later in the day, my early attempts were poorly timed, leading to losses.

As the afternoon rolled in, SGN turned into a battleground. I had a few successful scalps, including one that netted me $255.68 when I caught the bounce after a washout. The float and high short interest (70%) made it a volatile name, and I should have leaned into that more. But then I let some smaller losses stack up with bad entries, especially on the bull flags that failed to materialize. I was too focused on forcing trades instead of waiting for clearer setups.

What I did well today was capitalize on a few of the strong moves I did catch, especially with NCI on the short side. I also managed to scale out of some trades when I was right, which helped mitigate some of my losses. However, where I struggled was in overtrading and not respecting the tape enough. I chased a few setups that were already showing signs of weakness, which led to bigger losses than necessary.

Trading grade: B-. My entries had potential, but I gave back too much on poorly timed trades, especially with NCI and SGN.

As I reflect on today, it’s clear that patience is key. Tomorrow, I’ll focus on waiting for the right setups and being more disciplined about not forcing trades when the tape isn't confirming my bias.