Daily Trading Recap - 2/20/26
TLDR
Shorted FJET on a first red day setup. First entry stopped, second entry worked nicely until volume disappeared.
Long MU on a dip in a strong memory name, trimmed on market weakness, sold the rest into an end-of-day bounce.
Trades I Took
FJET 0.00%↑
FJET had been up multiple days off a bottom bounce. I was looking for a first red day i.e. the first real crack after an extended move.
I got short early with anticipation size and wider risk. That one stopped me out. It started losing momentum after, and when my system gave the next short signal, I re-entered and added. That entry worked. We flushed down to 9 and I covered a piece into the wash.
Volume was weak, so I wasn’t expecting a clean trend lower. In thin names, I want to be covering into liquidity pockets when it moves sharply. When volume completely died, I took the rest off. Solid trade overall after the initial stop.
MU 0.00%↑
MU was on watch because memory names have been holding up well in this weak market. I want to stay involved with relative strength.
I bought the dip after it pushed over the previous day’s high. As it held up, I added with the idea of trying to hold it most of the day. Later, the market made a lower low, so I trimmed half to reduce risk.
Into the close, MU bounced back toward new highs but couldn’t expand and felt range-bound. I sold the rest into that bounce.
Nothing huge, but clean management. Respect the strong names, but don’t ignore a weak tape.
Swings and Other Notable Mentions
Current holdings: GEVX NXT
Takeaways
Today was about process. FJET worked because I stuck to the system after getting stopped. MU worked because I adjusted size when the market weakened.
Monday, same focus: press clean setups, respect volume, and manage exposure when the tape shifts.