Daily Trading Report — 2026-03-05

2026-03-05 · 4 min read

A qualitative run-through of every trade from 2026-03-05: setups, thought process, and outcomes.

Running P&L for 2026-03-05

Day P&L: $+540.97 | Total R: +1.77R

The morning started with a bit of chaos as GXAI was already on my radar from the pre-market. The stock had a crazy 60% gap up, and I saw some potential for a quick bounce. I took a long position at $2.3599, but the tape quickly turned against me. The selling pressure was evident; within seconds, I was out at $2.33, taking a quick loss of $121.12. It was a scalp trade, but I misread the momentum. The stock just didn’t have the buying support I anticipated.

After that, I tried to catch another bounce on GXAI at $2.27, but again I was too early and got shaken out with a small loss. I had a brief moment of success when I picked up shares at $2.165, exiting at $2.18 for a modest win. It was a reminder that even in a choppy market, patience pays off sometimes. The tape showed a slight recovery, but it was short-lived, and I was left wondering if I was too focused on the name rather than the broader market.

MTEK was the real mover of the morning. This stock had an incredibly low float, and with a gap of nearly 50%, I knew it could be volatile. I jumped into a long position at $2.7867 and managed to ride it up to $2.8317, securing a solid profit of $133.74. The tape was clean, and I could see buyers stepping in, pushing the price higher. I followed that with a short at $3.07 as it started to stall, and I made another $63.74. That was a good read; I could see the sellers coming in, and it paid off.

However, I got a bit too aggressive with MTEK shorts. After a few quick trades, I found myself on the wrong side, holding through a couple of losing positions that hit hard. One short entry at $2.4964 turned into a -$415.69 loss, and I felt the pressure. The stock was just too volatile, and I didn’t respect my stops. It was a tough lesson in overextending myself when the tape wasn’t confirming my bias.

I switched gears to BATL, which had been moving sharply. I took a long position at $19.76 and exited at $20.47 for a nice win. The momentum was there, and I felt the stock had room to run. I got a bit lucky with the timing, as the tape showed strong buying interest. After that, I tried to catch a few more scalps on BATL but ended up with mixed results, including a couple of small losses that chipped away at my gains.

The afternoon saw me focusing on TURB, which had a decent float and was showing some parabolic behavior. I made a couple of good entries, including one at $3.6545 that ran up to $3.8263 for a $256.94 win. The volume was strong, and the stock was holding up well, so I felt confident in scaling into a few positions. However, I also had some missteps where I chased the price and got hit with smaller losses.

The day ended with a mix of emotions. I finished up $540.97, which isn't a bad day, but with 48 trades, I felt like I was forcing it at times. My win rate was hovering around 48%, not ideal, and the average win was significantly smaller than my average loss. I need to refine my entries and focus on higher-probability setups rather than spreading myself thin across too many trades.

What I did well: I executed well on MTEK, managing to catch the momentum trades effectively. I also took a good long on BATL when the tape was showing strength.

What I did poorly: I overtraded on GXAI and MTEK, failing to cut losses quickly and letting a couple of positions turn against me. My focus was scattered, and I didn’t respect my risk management as well as I should have.

Trading grade: B+. My entries had potential, but I let poor trades linger too long and didn’t capitalize on the strong setups as effectively as I could have.

Tomorrow’s focus will be on discipline. I need to stick to my strategy and avoid getting caught up in the noise of the market. Fewer trades but with more conviction.