DRC #32/2026

3/4/26 | F | -0.91R (-0.16R in comms, fees & locates)

OVERVIEW: Went on tilt today and drew down >75% of my PR trade on silver at the lows. Had a few great trades for the developing playbook on MOBX TPET USO early in the PM session but of course traded no size on them.

Then came CANF which was the first SC name outside the sub $2 range that made a larger move in a while. This was Israel + AMEX so huge red flags but I traded it fairly aggressively regardless. Traded the plan, realized a bigger L, tried again at highs, and piked that short because of how strong the tape looked. Followed that up with a 200 IQ long attempt that failed too when the 8 AM crowd didn’t pile in as expected. >80% of the loss on the ticker came from the first trade but I’d burned a good amount of mental capital on the smaller follow-up trades which put me on tilt and in a very poor mindset for the next – even more vicious – ticker that followed, VCIG.

Asian name, recent RS, BS news, dead market (short crowded) – of course this ran. Got aggressive fairly early in the move on this too, realized an L and on the next trade I did something I usually never do; I decided to trade around a core. Added momentum lots and stopped on those when it made new highs several times. Was down way too much (realized + unrealized) at highs for the quality of the setup (it was good but def not on the same level as the biggest opps this year where I risked similar amounts) and would’ve ended in a fat red day had it broken PMH.
The only silver lining is that I managed to hit backside and held the trade well to target which allowed me to finish green on the ticker. A year ago, I would’ve realized a big L and thrown in the towel for the day.