2026-06-26 · 5 min read
Session edge, AI coach verdict, and running P&L for 2026-06-26.
Trim Review
How much of today's result was carried by a few outliers? The table recomputes the core session stats with the biggest movers removed. Trimmed rows are colored vs baseline: green = holds most of the move, amber = meaningful erosion, red = collapses or flips sign.
| Scenario | Trades | Net P&L | Total R | E[R] / trade | $ WR | PF |
|---|---|---|---|---|---|---|
| Baseline (all trades) | 40 | −$6223.05 | -5.26R | -0.131R | 40.0% | 0.30 |
| − single best + single worst | 38 | −$4998.81 | -4.22R | -0.111R | 39.5% | 0.30 |
| − top 2 + bottom 2 (≈5% each tail) | 36 | −$4247.93 | -3.59R | -0.100R | 38.9% | 0.28 |
Trimmed trades: Single best + single worst — removed ILLR +$533.15 (best) · LICN −$1757.40 (worst). Top 2 + bottom 2 — removed 2 from each tail (by $ P&L).
Broad-based red session: the loss is still there after trimming the biggest movers — this wasn't one bad trade, it was the whole book tilted the wrong way.
Session verdict
Today's -$6.22k result was built on a specific failure pattern that repeated twice: entering a position at or within one minute of the exact intraday high, then absorbing the full reversal. The two material losses — LICN at -$1.76k and RYOJ at -$1.23k — together account for $2.99k of the day's total, and both share the same structural problem.
LICN opened at $1.86 and made its high of $3.08 at 9:45am ET, a +65.6% move on a 0.8M-share float with a gap of 11.4% and 2 halts confirming how much range was live in those early minutes. The entry came at 9:46am — one minute after the high had already formed.
From $3.08 the stock collapsed through the open price entirely, closing at $0.943, which represents -75% pctOfMoveRetained: it didn't just give back the move, it closed nearly a dollar below where it opened. The move was real and the name was the right kind — low float, gapping, halting — but the entire directional range had resolved before the position was opened.
RYOJ opened at $2.05 and built to $4.00 by 11:53am ET, a +95.1% move on 9.6M shares and $28.8M traded. The entry is logged at 11:53am, the same minute the high printed.
The stock closed at $2.52, retaining only 24% of the open-to-high move, and the loss was -$1.23k. Both positions caught the peak and held through the fade, which is why the losses are sized at -1.04R and -1.48R while every win in the session was a fraction of 1R.
The remaining $3.23k of losses came from 38 other positions. At an average win of $168 against an average loss of $372, the session needed a win rate above 68% just to break even — and it ran at 40%.
None of those 38 positions came close to +1R. The shape is two large losses from late entries, plus a wide tail of smaller misfires that collectively cost as much as the two highlighted trades.
Three other runners today went untouched: PCLA moved +284.2% from open to a 12:02pm high on a 2.4M float with 10 halts and $48.3M traded, closing with 49% of that move intact — the largest intraday move of any runner today by a significant margin. SDOT moved +97.8% to a 15:09pm high on $555.6M traded and closed holding 83% of the move.
IVF moved +68.1% to a 14:58pm high and retained 87%. PCLA in particular — 10 halts, 2.4M float, midday high, nearly half the move held into the close — was the defining runner of the session and was not traded.
Across the last seven trading days, the most consistent pattern in the runners data is between names that peaked in premarket or within the first minutes after the open and those that continued building highs later in the day. Of the roughly 17 runners that made their intraday highs before 9:30am ET, 15 closed with negative or near-zero pctOfMoveRetained — most between -20% and -141%.
The names that retained 80% or more (SDOT at 83%, IVF at 87%, FCUV on 6/23 at 82%, ATLN at 82%) all made their highs at 8:35am ET or later, with two of the four peaking in the afternoon. LICN made its high at 9:45am and retained -75% — it fits the fader profile almost exactly.
RYOJ peaked at 11:53am, later in the day, yet retained only 24%; its $28.8M in dollar volume is notably thin compared to the holders, all of which traded at least $38M and most above $55M. Both of today's losing positions thus match the attributes — early or low-volume peak, no afternoon continuation — that have characterized faders across the recent runners.