Daily Trading Recap - 1/29/26
Multiple Home Runs
TLDR
Gold finally broke after an extended, parabolic move and delivered a rare A+ trade.
RGTI lost major daily pivots after negative news and trended lower all day.
TRX followed the classic multi-day runner fade with multiple clean entries.
Having a big playbook was the edge today, leading to multiple home run trades.
Trades I Took
Gold went parabolic on the daily and intraday in afterhours yesterday and then gapped up even further this morning, opening at the very top of its range, landing it in the A+ trade category. I was watching closely to see if it could hold early strength but if not, then it was time to press.
Once it began selling off and broke opening lows, I got short using UGL as the trading vehicle, risking high of day. After the first 15 minutes, price broke down hard and a classic downside waterfall selloff followed.
I scaled out into the selloff for a home run trade. What’s crazy is that I could have done so much better on exits by being less trigger happy. Given how quickly precious metals have been bouncing on weakness lately, I’m comfortable with how it was managed. Looking back, that was the right call as it bounced much higher than most of my peers expected.
RGTI has been flagging on the daily for multiple months after its bull run at the end of 2025, building a large base. Quantum stocks have been weak and lagging the market. This morning, a negative Citron tweet broke the stock under major daily pivots and set up a clean breakdown trade.
I got short at the open and added on the 15-minute breakdown. We washed under the 21.40 pivot and then under 21, and I started scaling out into weakness. My main downside reference was 20, which hit much faster than I expected. Another home run!
In the afternoon, the stock bounced to VWAP, rejected, and then made a new low. I re-shorted looking for continuation of trend and scaled out as it reached about 1 ATR of downside. Overall, the trade worked very cleanly.
TRX is a gold-related small cap and a multi-day runner that was gapping up another 25% this morning. Not the biggest move overall but had the right sequence to be a good trade. I was looking to get short after any early strength and momentum started to fade.
Off the open, TRX pushed through pre-market highs and then quickly stuffed. It failed back below VWAP and broke opening range lows, which is where I got short. I added on a small bounce and scaled out as the stock faded more than 20% from the highs before 10:30am.
Later in the day, it bounced again and I re-shorted the midday bounce, covering into the next wash and covering the remainder near the close. Another clean multi-entry fade. There should be plenty more downside on this name. Will revisit in the morning.
Swings
Current holdings: GEVX HUT IREN LUMN
Notable Mentions
BNAI filed a 424B in afterhours and the stock sold off almost 80%. Big miss.
Brand Engagement Network, Inc. reported receiving $1.46 million from warrant exercises and converted $737,500 of debt into common stock, strengthening its balance sheet. The company also updated its public warrants following a reverse stock split, adjusting the exercise price to $115.00 per share.
Takeaways
This was one of those days where everything lined up and you were rewarded across the board. Waiting for confirmation instead of anticipating turns made all three trades much cleaner. Gold finally gave a rare downside unwind, and both RGTI and TRX followed textbook continuation patterns. Back to business tomorrow.
Insane way to end the month, nutty opps. Good job dude