2026-07-01 · 4 min read
Session edge, AI coach verdict, and running P&L for 2026-07-01.
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) | 119 | +$1462.70 | +1.36R | +0.011R | 43.6% | 1.12 |
| − single best + single worst | 117 | +$1159.41 | +1.08R | +0.009R | 43.5% | 1.11 |
| − top 6 + bottom 6 (≈5% each tail) | 107 | +$457.53 | +0.43R | +0.004R | 42.9% | 1.06 |
Trimmed trades: Single best + single worst — removed JEM +$1722.09 (best) · CANF −$1418.80 (worst). Top 6 + bottom 6 — removed 6 from each tail (by $ P&L).
Broad green session: still clearly green after trimming the biggest movers, so the day was a stack of small plus-EV decisions compounding — not a few home runs.
Session verdict
Today's $1,460 net came almost entirely from JEM: two long positions at 12:27pm and 12:42pm ET produced +$3,060 combined, a CANF long at 9:59am cost -$1,420, and the remaining 116 positions were collectively -$180. The day's entire outcome rested on three trades.
JEM opened at $8.60 and made its high of $11.27 at 12:48pm ET — a +31% open-to-high move on 14 halts and $556.7M in dollar-volume against a 1M float. The 12:27 and 12:42 entries were 21 and 6 minutes ahead of that high.
The stock closed at $6.69, surrendering -71% of the open-to-high range by the close, so the window to hold anything was short and exits had to land before the collapse. Capturing $3,060 from a name that ended $1.91 below its open reflects getting out while the move was still intact — the exits worked.
CANF is the full story of the loss. It opened at $5.02, made its high of $6.98 at 7:08am ET, and was already in a sustained decline well before the 9:59am long that cost -$1,420.
By that entry the stock had nearly three hours of selling behind it and closed at $4.38, retaining -33% of its open-to-high range. The damage wasn't from entering a name that failed to move — the move had finished hours earlier.
CANF also made a premarket high on June 26 (7:24am, retained -47%), so the fader structure was already on record.
Seven other runners today moved +39% or more from the open, but five of those seven printed their highs either before 9:00am ET or after 4:00pm ET, making them largely inaccessible during regular hours. The two with midday regular-hours highs retained under 20% of their ranges into the close — neither was a strong holder candidate.
Across the trailing seven sessions, the distinction between premarket toppers and names peaking during or after regular hours is consistent. Of roughly 15 runners that printed their open-to-high peaks before 9:30am ET over the past week, virtually every one retained less than -15% of its move by the close — CANF appears in that group twice.
The six runners that peaked after 4:00pm held between 31% and 72%. Among midday-high names (10am–3pm), the ones that held 40%+ of their moves all carried floats under 4M shares and more than $50M in dollar-volume; JEM fit that description precisely (1M float, $556.7M dollar-volume), though its 14 halts concentrated the entire range into a narrow midday window and took it back just as abruptly.
The two names you traded today landed on opposite sides of that pattern: JEM offered a short, halt-driven midday window and you were positioned before the peak; CANF was a premarket fader with the same structure it showed a week earlier.
One window worth noting from the 20-day record: the 2:00pm–2:30pm ET window has been green 6 of 6 days it was traded over the last 20 sessions, totaling +$6,573. There was no activity in that window today.