2026-07-22 · 4 min read
Session edge, AI coach verdict, and running P&L for 2026-07-22.
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) | 44 | +$10758.84 | +16.03R | +0.364R | 40.9% | 3.09 |
| − single best + single worst | 42 | +$7690.43 | +11.46R | +0.273R | 40.5% | 2.77 |
| − top 3 + bottom 3 (≈5% each tail) | 38 | +$3252.25 | +4.85R | +0.128R | 39.5% | 2.07 |
Trimmed trades: Single best + single worst — removed ZCMD +$3861.13 (best) · ZCMD −$792.73 (worst). Top 3 + bottom 3 — removed 3 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
{"dayVerdict":"Today's book was almost entirely a single name: ZCMD, which supplied 8 of the day's material trades and the bulk of the day's $10.76k net. The stock opened at $2.26 and ran to a high of $11.96 by 11:28am ET — a 429% open-to-high move, one of the largest of the week for any runner — before settling at $5.89, retaining 37% of that move into the close.
Against a move that size, six winning entries in ZCMD (from $816 up to $3.86k each) captured a real, sizeable share of the range: the 9:31am fill at +5.05R ($3.39k) and the 10:27am fill at +5.75R ($3.86k) landed inside the steepest part of the climb, while two losing entries at 10:33am and 11:38am (-$707 and -$793) came on pullbacks within that same move rather than fresh misreads of a new stock. Net-net, trading one runner that moved 429% and coming away with $10.76k on the day is a case of the size of the capture matching the size of the opportunity — this was not a day of big moves handled lightly.
The rest of the ledger was empty of other tickers, so every dollar of today's result rode on a correct read of ZCMD's volatility rather than diversification across the day's list. Among today's other runners, INM moved 157% and gave essentially none of it back into a hold (pctOfMoveRetained -12%), CHAI ran 57% and closed down 41% from its high, and LABT's 20% open-to-high move reversed so hard it closed 237% below its high — none of these were traded, and none of them offered a cleaner opportunity than ZCMD did.
One name, LABT, is a reminder that not every double-digit mover today was tradeable on the long side into the close; ZCMD was the correct one to be in.
Across the trailing week, the split between holders and bleeders lines up with float and dollar-volume more than move size alone: STAK (10M float, $212.5M dollar volume) held 64% of a 107% move, ATPC (1M float, $163.5M dollar volume) held 53% of a 44% move, and CPHI (27.9M float but 3 halts and $103M dollar volume) held 50% of a 168% move — three of the better retention outcomes of the week all carried either a sub-2M float or multiple halts alongside heavy dollar volume. By contrast, BIYA, SDOT, VIVK, KIDZ and RUBI all gave back over 100% of their highs (closing well below the open), and none of them carried the halt activity that marked the better holders.
ZCMD itself, at 1.1M float, 0 halts, and $585M in dollar volume, retained 37% of its move — a middling outcome for a float that small, but still far ahead of the week's bleeders, and consistent with the pattern that the smallest floats with real dollar volume behind them are the ones worth being long into strength."}