Daily Trading Recap - 2/17/26
One Good Trade
TLDR
Focused almost entirely on RIME in a slow, post-holiday session.
Shorted the lower high in premarket and covered into the opening fade
Re-added on the bounce and scaled out into the end-of-day fade.
Trades I Took
RIME 0.00%↑
Yesterday was a holiday, so I intentionally slowed myself down and didn’t go hunting for action. There honestly weren’t many clean setups out there anyways. RIME was the only one that really stood out, so I kept my focus there and ignored everything else.
RIME was technically a D2 gap up, but also day three of the broader move. It had a blowoff move in post-market last Friday and was gapping again this morning, but still below those post-market highs. I got my trigger to get short in premarket and look for a fade.
We got the flush right out of the open. I covered some into the move down toward yesterday’s high, then it accelerated into a halt down. I covered more on the reopen and waited for a bounce instead of pressing.
On the bounce, I scaled back into full size using a tighter risk level. From there, RIME just slowly bled back toward the lows throughout the day. I scaled out into that weakness and was flat by the close.
Swings and Other Notable Mentions
Current holdings: GEVX HYMC (short)
Takeaways
Selectivity paid today. After a holiday, I don’t need to come in swinging. One solid setup is enough.
The key was not chasing the first flush and instead re-adding on a predictable bounce with tighter risk. That’s something I want to keep repeating.
Tomorrow: same mindset. One A+ setup is enough.