Daily Trading Report — 2026-03-02

2026-03-02 · 4 min read

A qualitative run-through of every trade from 2026-03-02: setups, thought process, and outcomes.

Running P&L for 2026-03-02

Day P&L: $-1975.43 | Total R: -5.95R

TPET started strong, but I quickly learned that the momentum was a bit illusory today. I entered a long position around 0.99 after seeing a nice follow-through setup. The stock had a brief surge, but it was short-lived, and I ended up taking a small loss of about $54. I should have recognized the weakness in the tape earlier. The stock bounced around but couldn't sustain itself, which set a tone for the morning.

After that initial loss, I adjusted my strategy. I re-entered TPET at 0.991036 and caught a solid move up to 1.01, netting a small win. It felt good to find that rhythm again, but the real breakout came shortly after. I took another position at 1.08, riding the momentum as it squeezed up to 1.11. That was a clear sub VWAP trap, and I capitalized on it well, pulling in a $239 gain. The tape showed heavy buying pressure, and I was in sync with that. I should have taken that as a sign to scale out rather than get greedy.

The next trade was another long in TPET, entering at 1.1299 and exiting at 1.2131 for a nice $417 win. This was the best execution of the day. I was reading the tape well, and the stock was holding above VWAP, showing clear bullish intent. However, I got a bit overconfident and jumped back in at 1.23, only to watch it fade back down. That loss of $253 stung. It was a classic case of chasing after a good run, ignoring the signs of weakness.

Turning to TURB, which had a nice 14.9% gap, I tried to ride the opening range breakout. I executed three trades in quick succession, and while I got some decent scalps, I also took a loss on a sub VWAP trap that didn’t pan out. The volume was decent, but the moves were choppy, which made it hard to find my footing.

STAK was a mixed bag today. I started with a washout long, catching a bounce from a sharp drop, but the gains were fleeting. I had a couple of good entries, but I also held on to some positions too long, waiting for them to bounce back when the tape clearly indicated they were failing. The energy sector was active, with STAK showing strong volatility, but I overtraded and let my emotions dictate some entries, which hurt my P&L.

By midday, the action was mainly concentrated in energy stocks, particularly BATL. After a few successful trades, I found myself getting caught up in the hype and took a few positions that didn’t adhere to my plan. The tape was showing signs of exhaustion, but I ignored those signals. I ended up giving back too much on a few trades, including a significant loss on a washout long that should have been a clear cut.

As the day wound down, I was still in the mix with BATL, but I was chasing a few setups that were too risky. My last trades were scattered, and I ended up taking a couple of shorts that didn’t work out. In hindsight, I should have focused on consolidating my gains rather than forcing trades.

What I did well: I was adept at identifying strong setups early in the day, especially with TPET and STAK. I capitalized on a few solid moves and was quick to take profits when I saw them. I also maintained a good sense of market flow and sector rotation.

What I did poorly: I let my emotions dictate some of my trades, particularly after a few losses. I overtraded and chased positions that were clearly failing to follow through. My losses were larger than my wins overall, which is never a good sign.

Trading grade: B-
I had some solid entries and identified key setups, but I let losses accumulate and didn’t manage my risk effectively enough. Tomorrow, I need to focus on cutting losses quickly and sticking to my plan without letting fear or greed take over.

The takeaway for tomorrow is to stay disciplined and trust my process. I need to tighten my focus on the tape and avoid getting caught up in the noise.