Daily Trading Report — 2026-03-03

2026-03-03 · 4 min read

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

Running P&L for 2026-03-03

Day P&L: $+750.68 | Total R: +2.41R

After catching a washout long on NPT early, I was feeling optimistic about the day. I entered at 10.21, and it bounced nicely to 10.30, netting me a quick $51.50. The tape showed an aggressive bid stepping in right around VWAP, which gave me confidence. I was ready to see where the momentum could take us.

OBAI was next on my radar, but my excitement quickly turned into frustration. I tried to scalp it long at 1.86, but the stock didn’t hold up. It faded hard, and I ended up taking a $130 loss. I misread the tape here; the selling pressure was heavier than I anticipated, and I should have respected the rejection.

BATL was a different story. After the initial struggle, I caught a solid washout long entry at 23.43, riding it up to 24.05 for a nice $124.88 gain. The stock showed strength, holding above VWAP, and the volume was picking up, indicating buyers were stepping in. I followed up with a couple more trades on BATL, but they were less successful. I chased after a few quick moves and ended up giving back some of my gains.

NPT became a source of frustration for me. I attempted to short it multiple times, but the stock kept bouncing back. My first short at 7.18 was a small loss, but I let it get away from me, leading to a deeper loss when I shorted at 6.76 and exited at 7.48. The tape was telling me there was still buying interest, but I was too stubborn, trying to force a move that just wasn’t there.

Mid-morning saw me shifting focus to TMDE. I entered long off a sub VWAP trap, but it just wasn’t cooperating. I had a few small wins, but they were quickly overshadowed by larger losses. The stock was choppy, and I didn’t manage my risk well. I kept trying to find the bottom, and it cost me.

MOBX was the star of the day, though. I shifted gears and started to see some real movement. I caught a series of longs as it squeezed, starting with a small win and then capitalizing on a larger move up to 0.644. I was able to ride the momentum, entering at 0.68 and exiting at 0.8375 for a $116.61 gain. The volume was incredible, and it clearly had momentum behind it. I kept my entries tight, focusing on the breakout patterns, and it paid off.

As the day progressed, I found myself overtrading again. I was jumping in and out of MOBX, trying to catch every move, but it led to a lot of small losses that added up. I had a solid win at the end, entering at 0.775 and exiting at 0.809, but it was overshadowed by the cumulative effect of my earlier trades.

What I did well was recognizing the momentum in MOBX and sticking with my winners. I was patient when it mattered and took advantage of the strong moves. However, I did poorly by overtrading in the mid-morning session and not respecting the tape on some of my trades. I should have cut my losses quicker and avoided the temptation to force trades that weren’t there.

Trading grade: B+. I had a solid grasp of momentum trades, but my execution on some setups was off, leading to unnecessary losses.

Tomorrow, I need to focus on managing my trade size better and avoid the urge to chase. Respecting the tape will be key.