Daily Trading Recap - 5/1/26
TLDR
NBIS was the clear A+ setup with strong momentum and clean execution.
AKAN had the right mean reversion thesis but was too spready and low quality.
Trades I Took
NBIS
NBIS gapped up in a strong market, held its pullback, and looked ready to reclaim the prior day’s weakness, so I got long on the opening range break. It worked almost immediately, and I scaled out into strength before trailing the final piece into 155 for one of the cleanest trades of the day.
AKAN
AKAN was gapping up on d3 of its run since breaking out, making is an appealing mean reversion short, but despite multiple good short entries, the stock’s low liquidity, wide spreads, and constant violent reversals made it frustrating and difficult to manage. Even when the thesis was right, it reinforced that these low-float names often create unnecessary stress compared to cleaner setups elsewhere.
Swings and Other Notable Mentions
Current holdings: BE RKLB UAMY
Takeaways
Today was a strong reminder that not all valid setups are worth trading. Cleaner large-cap momentum names like NBIS continue to offer better execution, less emotional drain, and more consistency than volatile small-cap squeezes like AKAN.
Thanks for reading!