Daily Trading Recap - 1/26/26
Snow and Silver!
TLDR
Skipped the open by design and because of a snow day with the kids.
Missed some clean morning fades but stayed disciplined and didn’t chase.
Small, controlled loss on BNAI later in the day.
Big win on SLV after a clear character shift in the afternoon.
Best decision of the day was patience.
Trades I Took
SLV 0.00%↑
Silver gapped up for the third straight day and extended again. The magnitude of the run is truly remarkable. This is exactly what a blowoff phase looks like, but I wasn’t interested in blindly shorting strength. I needed a real shift in character and clear trend break.
That shift showed up shortly after 1pm ET. Once the tape changed, I got short around a 104.35 average, risking the high of day. I also added options: 0DTE 100 puts and some 3DTE 90 puts. I sold the 0DTEs over $1 and kept the Wednesday contracts.
Sellers took control and we started fading in a nice orderly move. I scaled out into weakness. Partial covers at VWAP, then again at and under the $100 psych level. After-hours it sold off even further and I took more exits at $95 locking in a very nice trade. I’m still holding a piece overnight. I can see this having a big shakeout bounce back towards highs or simply put in a nice consolidation near/under $100 for the next leg. I’m ready for both scenarios.
Key points
Waited patiently for confirmation instead of guessing.
Used clear risk (high of day).
Scaled out methodically as price worked in my favor.
Lesson
Patience + confirmation turns a risky idea into a high-conviction trade.
BATL 0.00%↑
BATL spiked early, failed at premarket highs, and started putting in a lower high / lower low sequence. It was a pretty textbook fade setup, but I didn’t participate in the open since I was out handling family stuff and also intentionally letting the first hour settle.
Later in the morning, BATL finally bounced into my level around $5. I got short there and added on the breakdown. At that point, the stock was already down roughly 40% from highs, so expectations were realistic. I wasn’t pressing for a home run, just looking for continuation.
Key points
Waited for price to come to my level.
Didn’t overstay the trade given how extended it already was.
Good execution, reasonable expectations.
BNAI 0.00%↑
BNAI sold off straight from the open. The plan for me at that point was to wait for a bounce. It bounced in the morning, but not enough. I passed. That’s part of the job.
Later in the day, BNAI finally reached a level I felt was worth taking a shot. I got short, but it quickly moved higher and I cut it fast. On review, the stock had been consolidating for hours and put in two higher lows before breaking out. The context had shifted, and I was late to recognize it. It was the right call to cut it because it ended up causing more grief for short sellers. Bummer to see such good potential ruined. I’m not sure how I’ll gameplan this going forward.
Key points
Good discipline early by not chasing.
Quick stop once the trade didn’t work.
Structure mattered more than the single level.
IBRX 0.00%↑
I also covered the remainder of my IBRX short swing into the close. The trade had done what I needed it to do, and with the broader tape shifting and volatility picking up elsewhere, it felt like the right spot to step aside and lock it in. No reason to overstay on this big biotech.
Swings
Unfortunately, got stopped on most of my swing trades but that’s how it goes. Hit out on ASTS BE IMSR LAES
Current holdings: IREN
Takeaways
Skipping the open on Monday’s and letting price discovery settle is something I’m still testing. I missed some easy trades, but I also avoided forcing anything. The SLV trade more than made up for it because I stayed patient and waited for a real character shift instead of guessing the top. Discipline showed up all day, especially on BNAI where I waited, passed, and cut quickly when wrong. Going forward, I’m good with missing early moves if it keeps me sharp for the best one later in the day.
This dude fucks