Daily Trading Recap - 2/23/26
Monday
TLDR
Clean bounce trade in MU off prior day low.
Shorted IGV on breakdown, small follow-through.
IBRX bounce short worked after missing the first flush.
Missed GETY and skipped FSLY gap trigger.
Trades I Took
MU was on watch for continuation since it’s been holding its moving averages. It dipped straight into the prior day’s low at the open and held. I got long against that level and caught a solid bounce, scaling out into strength.
I added on the next major dip looking for another leg, but got ticked out. Took two more small attempts as it chopped, but it went nowhere the rest of the day.
IGV gapped down and triggered the daily bear flag almost immediately. I didn’t chase the first flush. Later, it consolidated near 79.30 and the tape felt heavy. I got short on the breakdown and caught a small leg lower.
It never really accelerated (compared to the Nasdaq), so I trailed it tight and locked it in for fun bucks.
IBRX was on my Sunday Watchlist. It gapped 13% overnight and ripped another 10% off the open and started to look extended. The 10.60 breakdown was the clean short, but I missed it. It flushed hard and I wasn’t going to chase that.
I waited for a bounce, scaled into a short as it retraced, and covered as it faded back toward the open. I expected a bit more, but it’s still a strong biotech that just broke out on the daily a few days ago, so I wasn’t going to overstay. Ended up being the best trade of the day.
Other Notable Mentions
GETY 0.00%↑ was the big miss. I flagged the weak merger reaction and still missed the short.
FSLY 0.00%↑ triggered its daily breakdown via a gap down instead of intraday structure, so I passed.
Swings
Current holdings: GEVX NXT
Takeaways
Waiting for setups to come to you has been the best approach lately. I came into this Monday with low expectations and waited for something to develop.
Focus tomorrow: recognize when a move is clearly done and try to avoid getting stuck in the chop with multiple re-entries like on MU.