Daily Trading Recap - 4/7/26
AIXI CETX CAR
TLDR
AIXI was the prior day’s runner and gapped up again, offering a short setup that never cooperated across multiple attempts
CETX was the top D1 gapper, faded clean off the open
CAR (Avis) broke down under VWAP for a fast wash, but the bounce ran too far and I had to cut the add-back
Rough day on AIXI offset by solid execution on CETX
Trades I Took
AIXI
AIXI was the runner from yesterday, gapping up again this morning and looking like a textbook setup for a fade. I got short in the morning, but it quickly reclaimed and held $1, so I stopped out.
In the afternoon it started printing what looked like a top and then a lower high, so I got short again. We were still above VWAP though, and the breakdown never came. It reclaimed a second time right before an absolutely nasty squeeze from around $1.50 to $2.70, and luckily I was out just before.
The price action the rest of the day was pretty bad. I kept poking around trying to catch the fade, but honestly the A grade trade had long passed.
CETX
CETX was the top D1 gapper on the session. One thing that gave me some caution was how tight and orderly the pre-market run looked, which usually signals sustained momentum rather than an immediate fade. Because of that I kept my initial short as just a starter off the open.
It couldn’t reclaim, stayed weak, and I kept adding as it worked in my favor. Caught the wash, and it continued fading through most of the morning before going sideways for the afternoon. Clean execution on this one.
CAR
CAR (Avis), a name everyone knows, had been extending higher for multiple days in a row before pushing further off today’s open. That kind of multi-day extension is exactly what I look for on the short side.
I shorted as it broke below the range and under VWAP and caught a fast wash down into the previous high of day, where I covered about half the position. As it bounced back into VWAP I added that half back, but the bounce kept going and I had to cut the whole thing. Frustrating in the moment, but it was the right call since CAR continued trending higher after that, which actually makes the setup look even better for another attempt if the conditions set up again.
Swings
Current holdings: RKLB
Takeaways
AIXI was a case study in knowing when to walk away. I kept trying to force a trade on a ticker that had moved well outside my system’s sweet spot, and it cost me repeatedly. CETX reminded me what disciplined execution looks like when I let the trade come to me and add to a winner. The lesson isn’t new, but AIXI good reminder on these high volume multi day moves.
Tomorrow’s Focus
Stop re-entering a trade once the price action has clearly moved past your setup’s range.
Question for Readers
With AIXI, I kept coming back for “one more try” even after it was obvious the setup had gotten away from me. Do you have a rule for how many attempts you allow yourself on the same ticker before you call it done for the day?