Daily Trading Report — 2026-03-04

2026-03-04 · 5 min read

A qualitative run-through of every trade from 2026-03-04: setups, thought process, and outcomes.

Running P&L for 2026-03-04

Day P&L: $-1314.28 | Total R: -4.11R

The morning started with VCIG, which was all over the place right out of the gate. I took a couple of washout longs, trying to catch a bounce after some sharp drops. The first three trades didn’t go my way; entries at 23.30, 25.65, and 27.33 ended up costing me around $239 total. The tape showed some aggressive selling, and I could see the bids getting pulled quickly. I should’ve recognized the weakness sooner. Eventually, I caught a nice bounce at 27.80, flipping it at 28.19 for a small win, but that was a bit of a rescue rather than a planned entry.

Then, at around 8:59, I finally found some momentum with VCIG when it broke above 28.30, riding a parabolic squeeze up to 29.65 for a solid $383 profit. This was the kind of action I was looking for, and it felt good to finally connect with a move that had some juice. The volume was heavy, and the stock was clearly in play, showing signs of strength. I thought I had found my rhythm.

But then, the trend quickly reversed. I took a couple of more washout longs at 27 and 15.76, but those trades were poorly timed. The stock was fading hard, and the tape was clearly showing sellers in control. I ended up losing around $608 on those trades combined. It was a tough lesson in reading the market's mood; I was too quick to jump back in without waiting for clearer signals.

Moving into ADVB, I saw a potential bull flag setting up. I entered at 7.18 but exited at 6.85, taking a hit of $503. The stock gapped up nicely at the start but couldn’t hold its ground. The selling pressure was evident, and I should have been more cautious. It’s easy to get swept up in the excitement of a gap, but I’ve learned that the follow-through is what really matters.

I shifted back to VCIG, which was still volatile. I took a sub VWAP trap entry at 21.83 and managed to exit at 22.22 for a small win. The stock was giving mixed signals, but I was more aware this time, recognizing the potential for a reclaim. Then, I tried to catch another washout long at 17.06, but that ended up being a mistake as it dropped sharply, costing me $324. It was a reminder that sometimes it’s better to sit on my hands than to chase a trade that’s clearly not working.

ASNS was another name that caught my attention throughout the day. I executed several trades on it, mostly looking for sub VWAP traps. I had some decent wins, particularly when I caught a nice bounce from 0.68 to 0.69, but I also faced some painful losses, including a $1,144 hit when I jumped in too early after a failed reclaim. The float was low, and the volatility was high, but the tape was choppy and misleading. It was a mixed bag, and I could have managed my risk better.

In the afternoon, I rotated into DXST, which seemed to have some momentum. I was able to scalp a few quick trades with mixed success. I took a scalp long at 0.2288 and exited at 0.2362 for a small gain, but then I gave some back on a couple of losers as I tried to chase the action. The volume was decent, but the stock was also subject to sharp reversals—another reminder to stick to my plan and avoid overtrading.

By the end of the day, I had executed 105 trades, but the P&L was a disappointing $-1,314.28. My win rate hovered around 49%, which isn’t terrible but not where I want to be. My average win was just $112, while my average loss was $130.41. I need to focus on finding higher-quality setups and managing my risk more effectively.

What I did well: I recognized some strong setups, particularly with VCIG and ASNS, and managed to catch a few decent trades. I also adjusted my strategy mid-day to focus on scalping in DXST, which was a good response to the market conditions.

What I did poorly: I overtraded and didn’t cut my losers fast enough. I chased a few trades that were clearly not working and let my losses accumulate. I need to be more disciplined about waiting for the right setups and sticking to my plan.

Trading grade: B. I had some solid entries and made a few good trades, but I let my losses get too big and didn’t manage my risk well enough.

One key takeaway for tomorrow is to stay patient and focus on high-probability setups. I need to recognize when the tape is telling me to step back rather than forcing trades.