2026-07-10 · 5 min read
Session edge, AI coach verdict, and running P&L for 2026-07-10.
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) | 60 | −$5582.55 | -9.64R | -0.161R | 45.0% | 0.41 |
| − single best + single worst | 58 | −$4842.54 | -8.36R | -0.144R | 44.8% | 0.39 |
| − top 3 + bottom 3 (≈5% each tail) | 54 | −$3597.74 | -6.21R | -0.115R | 44.4% | 0.41 |
Trimmed trades: Single best + single worst — removed JZXN +$687.75 (best) · JLHL −$1427.75 (worst). Top 3 + bottom 3 — removed 3 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
The -$5.58k loss is concentrated in three names. JLHL cost roughly $2,223 combined across its two losing positions (-$793 at 9:50am and -$1,430 at 12:39pm).
GMM cost roughly $1,764 across two losing positions (-$981 at 9:03am and -$783 at 9:30am). JZXN netted approximately -$245 on balance — a $688 win at 9:52am and a $933 loss at 10:11am on the same name.
Those six material trades account for about $4,220 of the -$5.58k; the remaining 54 smaller positions contributed roughly -$1,360.
The structural issue with GMM and JLHL is the same: both stocks had already made their highs before regular-session open, and both were in outright decline through the entire regular session. GMM — float 1.1M, $529.7M in dollar volume — made its high at 8:45am and opened regular session near that high, then closed at $4.05, down 28.8% from its open of $5.69.
Long entries at 9:03am and 9:30am were into a stock already in a sustained decline. JLHL is more pronounced: it peaked at $23.09 at 4:11am, opened regular session at $14.06 — already 39% off the high — and closed at $11.50, down another 18% from that open.
The 64.2% open-to-high figure is entirely a premarket event. Both the 9:50am entry (-$793) and the 12:39pm entry (-$1,430) were long positions in a name that had been falling for hours before the first one was placed and continued falling through close.
The 12:39pm loss in particular — coming after the morning loss already posted — represents the most expensive decision of the day in a stock that offered nothing to the long side at any point in regular session.
JZXN was different. It offered a genuine regular-session move: open at $1.62, high at $3.235 at 10:31am, float 2.1M, $316.2M dollar volume.
That is a +99.7% intraday range — the largest regular-session move of any name today. The 9:52am win of $688 shows the trader was positioned correctly before the high.
The 10:11am loss of $933 came twenty minutes before JZXN made its high, meaning the stock had not yet shown its full range when the losing position was in place. The stock ultimately retained only 19% of its move (closed at $1.92 vs. open of $1.62), so the reversal from the high was steep regardless, but the trader ended net negative in the one name that gave a real opportunity during market hours.
The 7 other runners today — ELPW, ZBAO, SUNE, CHSN, HAO, ELAB, WOK — went untouched. SUNE is the one worth noting: it moved +76.5% from its open of $2.55 to a high of $4.50 at 12:05pm, retained 45% into the close (closed at $3.42), float 4.1M, $165.3M dollar volume — the day's strongest regular-session holder and entirely untraded.
Looking across the trailing 7 days, a clear separation exists between names that made their highs before 10am ET and those that peaked after 11am. Of approximately 19 runners over the past week with highs in premarket or before 10am — including GMM at 8:45am and JLHL at 4:11am — 17 had negative or near-zero pctOfMoveRetained, consistently giving back all gains and more by close.
The 7 names that made their highs after 11am all retained at least 36% of their move: SRXH at 12:20pm retained 47%, NVVE at 2:25pm retained 49%, CLRO at 2:27pm retained 62%, TVRD (July 8) at 3:45pm retained 72%. JZXN at 10:31am sits in a transitional zone and retained only 19%, consistent with the pattern that names peaking in the 10–10:30am window tend to give most of it back.
Of the three names traded today, two fit the premarket-high bleeder profile exactly, and the one legitimate regular-session mover was net negative.