Daily Trading Recap - 2/6/26
Big Beautiful Bounces
TLDR
Bitcoin flushed hard to 60k afterhours yesterday, then snapped back on huge volume.
Crypto and related names gapped up premarket and were strong right out of the gate.
I leaned into strength with IBIT, SBIT, HOOD, and IREN and scaled out into the trends.
Clean executions, solid patience, and no need to force anything late.
Trades I Took
Bitcoin sold off even further afterhours yesterday and put in what looked like a classic exhaustion flush around 60k. Massive volume, sharp rejection, and a quick bounce. Unfortunately, I wasn’t trading during that window, and by the time I woke up it looked like the first leg of the bounce was in.
My ideal scenario was a dip at the open to put in a higher low so I could size in comfortably, but that never came. Instead, everything just ripped. I adjusted the plan based on what I was seeing. I went long IBIT for direct exposure and paired it with a short in SBIT, the 2x inverse ETF, to take advantage of both direction and decay. We got a steady trend higher, and I slowly scaled out throughout the day.
HOOD was also gapping up with crypto. I got long on a small dip early, but with this ticker I was hoping for a deeper pullback based on it’s action yesterday. Still, the trend was clean, so I worked with what the market gave me. Same playbook here and great momentum to take advantage of.
IREN announced earnings afterhours yesterday and had a massive washout. Another one I wish I was around for. It was bouncing in premarket but I needed to see the action after the open. This one set up really well. The intraday lined up with the $40 pivot on the daily. I bought the breakout and it did exactly what you want to see. Strong continuation and follow-through. I sold in partials as it moved higher and let the trend pay me. Easily one of the cleanest trades of the day.
I was able to cover some of my HYMC swing in afterhours yesterday around 29 after that sharp move. Given how aggressive that afterhours push was, I didn’t expect a whole lot more. When it held today, I covered the rest.
Swings
Current holdings: GEVX
Takeaways
The big lesson today was flexibility. I wanted a dip that never came, but the market was strong and told me so early. I made that mistake the other week and learned from it, and implemented those lessons today. Scaling out worked well in a strong, one-directional tape. Will continue to look to buy dips in these names I think it turns into a multi day move but I didn’t want the exposure over the weekend.
Nice job man, hopefully more continuation Monday!