Daily Trading Recap -2/10/26
Slow Tuesday
TLDR
PHIO was the main focus in small caps.
Trade never turned into a clean fade and stayed rangebound most of the day.
Good stock selection and solid avoids in a slow market.
Trades I Took
PHIO gapped about 55% on phase 1b news and fit the profile of a historical fader with frequent dilution, so it was my main small-cap focus. I got short a starter in premarket, then sized up after the open.
The stock spent most of the morning grinding and repeatedly testing my patience, coming close to stopping me out without ever breaking down cleanly. I covered a small piece around 1.27, a level that had already held twice. Around noon, it pushed over VWAP on volume, which was a red flag at that time of day, so I cut half the position. I added some back on the drift lower, but it stayed stuck in the range and I trimmed again.
We finally got a shallow fade late in the day where I scaled out the rest of my position. Net result was a lot of management for a very average outcome.
Swings
Current holdings: GEVX
Takeaways
Slow day for me despite the action across small and large caps. I’m happy with the names I avoided as stock selection is very important for my style of trading. EVMN and QNCX both had multiple red flags, and staying out of those saved mental capital. ABP was the best fader. On slow days like this, preserving focus and capital matters more than squeezing every last cent out of a name.