Daily Trading Recap - 1/28/26
Slow Day, Clean Afternoon Trades
TLDR
FEED offered multiple setups with solid management despite some stop-outs.
BNAI gave a clean afternoon fake breakout setup.
Finished with a late day breakout long in NAMM.
Stayed away from silver and gold as they continue to bid higher. Gold is looking good for tomorrow.
Slow day overall, but discipline stayed intact and profits stacked as a result.
Trades I Took
FEED was my favorite of the top gappers this morning. PDYN, MRNO, and TIRX were on watch as well, but I needed better prices at the open in those names and TIRX was doing heavy volume. FEED pushed right out of the gates, cleared pre-market highs, and then quickly failed. I got short into that failure and covered some into the wash around $1.50, which was about all I was expecting given the size of the gap and premarket structure. After the bounce, I added back, but that add ended up stopping me out. The stock then reclaimed pre-market highs and trended higher for a while.
Later in the afternoon, FEED gave my late-day short signal after a clear lower high and I re-shorted. We got a clean move down toward VWAP where I covered some and held a piece for continuation, but it held and stopped me out on the rest. Overall, good management and a decent profit despite a couple of stop-outs.
BNAI has been on a big multi-day run and yesterday was an inside day. It broke out earlier today and I missed the long, but in the afternoon it put in a clear fake breakout over high of day. After that failure, it made a lower high and then a lower low under VWAP, which is where I got short. This was a fake breakout on both the intraday and daily time frames, which gave me more confidence to stay with the trade. We pulled down toward yesterday’s high, but I stayed patient and didn’t take any covers. When it popped back up toward VWAP, I added and then held the position into the close for a small gain. Was hoping for more fade. Will revisit in the morning.
NAMM is a gold mining stock that’s been up multiple days and had a tight inside day yesterday. In the afternoon, it broke out on strength in gold and I went long the breakout. Simple trade and clean structure. I scaled out as it pushed to 7 and then sold the rest as the momentum turned.
Swings
-Got long GEV via GEVX after it’s earnings announcement.
-Bought HUT on the breakout. Willing to risk wider on this for a bigger picture trade.
Current holdings: GEVX HUT IREN LUMN
Takeaways
It was a slow day, but I stayed selective and didn’t force anything. FEED provided enough opportunity to work, BNAI was the cleanest setup of the day, and NAMM was a straightforward late breakout. Avoiding silver and the precious metals names was a win by itself. Going forward, the focus stays on patience and waiting for clear, well-defined setups instead of trying to manufacture trades.