Daily Trading Recap - 2/12/26
Market Selloff Resumes
TLDR
Big miss on FSLY earnings gap
Long MU on pre-market high breakout, scaled out into strength before it rolled.
Long NBIS on earnings gap down reversal over HOD, nice push, scaled out.
Short HIMS on LOD breakdown in a weak tape, covered into the fade.
Short CHOW after parabolic squeeze, caught a clean leg down.
Trades I Took
FSLY gapped up over a huge base on earnings. Some would call this an episodic pivot (EP). I missed the long right out of the gates, which would have been the best entry. Later I tried getting long twice, but I cut both quickly. It was already up around 60%, which is a big move for that market cap, and I felt like it needed one more shakeout before going higher.
At 11:30am I saw it setting up again but decided to skip it. That was a big mistake. It trended cleanly for the rest of the session without me. Big miss on my part.
Memory names have been showing relative strength amid the tech weakness so I wanted to look for a continuation move. I got long MU on the break over premarket highs.
It worked at first. I got good follow-through and scaled out as it pushed. But the momentum turned quickly. I tried a couple more times to catch the next leg, but it just rolled over.
NBIS gapped down on earnings into major support with the 200SMA just below. It dipped off the open, then started to curl back up. I went long over the high of day, leaning on the idea that data center names have been showing relative strength even in a weak market.
It gave a solid intraday push. I scaled out into upper pivot levels and then trailed the rest. Clean trade.
I tried to re-enter a couple times, similar to MU, but just got stuck in chop and left it alone after that. The relative strength in the datacenter basket is still notable, so it stays on watch into Friday.
The broader market started selling off hard, and HIMS has been trending down on the daily for a while, plus it had a negative catalyst earlier in the week. I got short HIMS on a break of the low of day.
It faded quietly and I scaled out into the 16 area. In hindsight, I could have re-shorted the bounce and held for more as it continued lower.
Lesson: in a weak tape, consider holding a core when the daily trend aligns.
CHOW was the small-cap du jour and it squeezed out early shorts as it went parabolic. Once that blow-off move started to stall, I got short. I didn’t love that $1 and pmh were right below, but after that squeeze, the risk-reward made sense.
I stayed nimble and caught a nice leg down into the low .80s. Clean execution.
Swings and Other Notable Mentions
Decided to sell more GEVX. Energy names have been strong and today they looked a bit toppy so I wanted to be proactive and lock in some gains. Trailing the rest on the MA’s
With gold and silver selling off hard today I got short on HYMC again and plan to hold for a few days.
Current holdings: GEVX HYMC
Takeaways
Today was a mix of solid execution and a couple opportunity misses. I did a good job identifying when strength was short-lived and not overstaying trades. The biggest mistake was overthinking FSLY and skipping the clean trend that was right in front of me.