WHAT IN THE WORLD JUST HAPPENED?!?! This was the craziest recap I have done in a LONG time. $ICCT squeezed up as I'm doing the recap to over $40/share.
I really didn't trade very well today at all due to my internet issues. I probably shouldn't have even traded at all, but in any case, I did. And once I broke the ice and went into the red it was hard to stop trading.
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Warrior Trading // Ross Cameron // Day Trade Warrior

You guys I Am telling you You will Not Believe what just happened. This is insane Icct this. Ted This whole day was an epic disaster for a lot of people including me. I'm gonna break it down for you in this episode: I am inside my traveling trading station trading on my Starlink in Canada The internet today has been terrible and I just watched live as I CCT squeezed up over 644 to a high of over forty dollars a share.

It happened live during this recap where I was analyzing my trades from this morning to what I thought I did right what I did wrong and whoa that was insane. This is a wild wild recap. I Hope you guys enjoy it. Please hit the thumbs up and let's jump in.

look at those charts and start breaking it down. Okay So yesterday this was halted pending news and I kind of had a suspicion that they were gonna say there's no news to account for the move because it was halted for such a long time. This is a headline I wasn't expecting at all. So the headline is that.

um, they did a spec. this was a SPAC merger so it brought an OTC stock up to the NASDAQ market and they said today trading of ICT Securities was halted on NASDAQ when it was identified that certain shares did not convert using the post-business combination exchange ratio and the exchange ratio is something like 29 to 1. So if you had shares of the OTC stock prior, those are being converted and turned into the shares of the new company. but some of them didn't exchange at the right ratio and that can actually be a really serious problem because let's say that some of them didn't exchange with the correct ratio and therefore people had more shares than they should have had and started just selling them.

Hey, I hear my son, Hey, let me finish this video and then I'll come out. Okay, all right, so that could create a situation where people oversell the stock and put themselves in a short position. That happened earlier this year with a stock that did a reverse split, but the shares were not. We're not um, divided by the ratio of the split, which is crazy.

These kind of mishaps should Not happen. In any case, I've never really seen these things happen until this year, but um, it's happened in a couple different ways. So that was the headline, but it wasn't really. There wasn't a lot of detail behind it.

And so this morning they said it was going to start trading at market open today. Uh, Wednesday morning we'll resume trading at Market Open. Well, that wasn't even correct because it started trading it like let's see what time was it. Uh, and you can see I hit a high of seven.

Let's see a high was 18.73 Wow. Okay, so they said it was going to start trading at Market open. It actually started trading. Uh, what was the time? Let's see at Nine a.m that's not Market open.

that's 9 am. All right. So I'm dealing with my internet. It keeps disconnecting.

I keep reconnecting every few minutes is just like disconnecting. disconnect and disconnecting. It'll probably happen during this. um during this broadcast.
So I've just been, um, basically just running this. um this ping right in my sort of side. um side. So every time I see it, um say you know, well you'll see it.

I'm sure it'll do it at some point here. So so anyways, Um so I've been running this and obviously I just kept losing my internet and I was like man, this is so frustrating. um I mean I was seeing red I was just getting so irritated. Oh, here we go.

it just hit a new High um right there. that's a nice curl up to a high now of 1897. So I wanted to trade this. um, it was moving higher.

Oopsie. request timed out right there. so I lost the connection just for a second there. So I wanted to trade it.

Uh, there was also Dbgi and in the process of blogging out, logging back in I got two trades to start the day. one was on Dbgi, the other was on Icct. I was green on both I was up 500 on Icct, I was up 500 on Dbgi and then I got back in Dbgi. But I accidentally bought 3 000 shares which is my default order entry when I log into my platform even though I only wanted to buy a thousand and I promptly gave back the little profit I had on it and went down 1600 bucks because I lost like 70 cents a share on my 3 000 shares.

Now that wouldn't have happened if I wasn't fumbling with logging in and logging out logging in, logging out. But like right now, you can see I don't even have data I'm a lot to reconnect here I need to actually log out, save layout, log back in, enter my password again, and so on and so forth. So I keep doing this. you know every uh, basically every time I lose my connection.

So so anyways, so we have, um ICT resume trading. It surprised me by resuming at nine, right? I Think it surprised everyone because we thought it was going to resume it. um, be open which is what we were told. And basically what happens is it resumed pretty much at the halt price from yesterday which was pretty bullish to be honest.

It squeezes up to 629 I tried to buy and you know what starts happening is when you start losing connection. We'll see if I lose connection again if I lose quotes. What will happen is if I reconnect sometimes. What it'll say down here is it'll say read: write access Denied blah blah blah blah Um and I have to log out and log back in.

So my first trade orders denied because of these login logout issues. All right. So I missed that first pop up to six dollars. All right.

so it goes up to six I obviously missed that trade completely. Then it, um, sorry, where am I then it goes up a little bit higher. It goes up to seven right here. I try to get back in I fumbled my gosh darn orders on it and let's see.

um I ended up going red about uh, twenty seven hundred dollars on the day. So I ended up buying Icct at about nine dollars a share right up here. and of course I stop out as it comes back down to 840 and I was like God dang it you know I'm I'm about to lose my mind here I keep getting disconnected and I was like you know what I'm I'm done I shouldn't have even tried today. This was the dumbest thing that I've done in a while.
Full degenerate mode here because I don't even have good internet. What am I what am I even doing? Why am I even trying to trade when I don't have good internet? This is a rookie move, right? Trading is hard enough without adding these types of things. So so I'm like yeah, I'm done I'm not I'm not even looking back I see it dropped, it comes back up I was like kind of still watching because I was doing some other work sells off a little bit. It's also pouring rain here so it's not really a lot that I could do I was just kind of hunkering down and I see it halted down here and I was like man, this thing is just so choppy uh and then I missed it.

uh going up uh the farmer from down the road came up and brought some cucumbers and some green beans and then his wife brought some cookies. uh very nice and then we were showing them the new banister and anyways so you know and they wanted to look at the the van and so I got distracted for a little bit and then I sit back down and it's at um it's four o'clock so I sit back down at like 405 and I see it like right here I'm like oh my god um well let's open up the computer. So I open up the computer. Uh well open up my trading platform again and I traded it on this move up with my best exit being at um what was it 17? uh I don't know 1730s or 1740s get pulled back here.

it curls back up right through here up to 18. up to 19 right high right? There was 18.73 and then just now we got this move right there. we're showing 1919. So what's my connection? So yeah, I just timed out again.

Um so I'm down a couple times timed out so I feel like I'm maybe starting to get out of sync with the market. Uh, right now you know. looking at this level too, and looking at the uh, sort of position of this, we're hanging out right underneath that pre-market or that after hours high of 1970. the fact is I've already gone so far degenerate today I don't even feel like I should um, take another trade but at the same time one would wonder what might happen should this break 1950? Uh, would it go up to 1970.

Oh there it goes. Control yourself my man. You know how you know how it is. Uh, something told me that might happen and I clutch my hands.

This is me sitting on my hands not taking the trade. but oh boy, you know. Um, it's just the fact that sometimes you got to get out while the Going's good and not overstay your welcome. uh, too much.

But boy, we are now up 275 percent. This is going higher. And the fact is, if I didn't take this trade right here, should I really be trading it right here? I'll That's something I struggle with. Sometimes you know if I miss that really good setup.
Should I you know, trade it at this level and look at the five minute chart. You've got five green candles in a row. I'm gonna be the schmuck that gets in at 22 and watches it drop to 20. uh, you know what I mean Like this is this is where things get.

Um, really can get really sloppy. There's a 9 000 share bid there at 21 though. So in any case I don't know how high this is gonna go. Um, this was a very unusual halt.

There's 22.50 There's 20. Well look at that. 22. 21.99 Just a second ago, you saw 2260 on the level two.

right? there's 20 22.90 22.90 right now. But just see how fast that can drop. So now you've got 10 cents spread. But there's a seller at 23.

so there's some selling up there. 23. 23. Maybe it's shorts.

Maybe it's profit taking or up 300 percent And you know I Can't say it's too much of a disaster because I am green on it. Now we're skipping a half dollar up to 23.50 right? So this is when things start to move quickly. You've got right now for a second there like a four Cent spread 23.30 on the ass 2 000 share bid 2310 23.50 on the ass. Then it's 80 23.84 23.85 3 800 shares.

Next up is 24. look 2 cent spread right there. There's a that was. look at that.

24.79 This has 69 million shares of volume. 24.84 2560. 25.55 This is a short squeeze happening right now. 25.55 on the ass 24 25 on the bid 26 on the ask.

If you're short heavy, you have no. there's no way to unwind this position right now. It's just going straight up: 26.88 2688 26 Uh, 59 on the bid and then you know the thing is like it's at what point do you? What do you do when you see something like this? You know, obviously one move and this is. this is tricky because if you had chased this, you would have been rewarded for sure.

Look, I mean you. There's no way you would have lost if you would chase that pretty much anywhere right here. All right, but let's watch what happens when, uh, that comes back and and spanks you. So let's say you just bought it at 29.

the high is 29.73 You're down three dollars a share right now on 2 000 shares. That's six thousand bucks. That's not even a big position to be down that much. You know, sometimes we're trading.

Um, you got to know. Like I said. Um, when the goings good, you know just to take your profit and get out because the fact is, even though I don't have anything you know Monumental Today, thirteen hundred dollars in the green is a heck of a lot better than 2700 in the red. You know, 1300 a day? That's three.

Four hundred thousand a year. These are good days. You've got to be grateful for it and you've got to take those gains. When you have it, you start overstaying your welcome and you can give back profit like that.

So I could see how someone could have chased this and given back some profit. Now you've got a high topping tail 29.73 This is exciting though that we were able to get this. Live right here. Uh, and and I do Feel you know I feel some fomo right now.
But imagine imagine I take this like trade right here. Right right there. that ABCD pattern on the one minute and all of a sudden my internet goes out for two full minutes. Two full minutes of offline with no cell phone service.

Nothing. What if it's four minutes? What if it's five months? look at what just happened in the last five minutes. So I I suppose I'm looking forward to being home, uh, next week, and back in my office for the rest of the year, because being on the traveling trading station certainly does. Um, there's a sacrifice to it.

But there's also the reality that life is meant to be lived. And if you're able to get green, make a little money, and uh, you know, live to trade another day. That's pretty good. So I'm in.

Canada Trading on the traveling trading station, locking up a measly thirteen hundred dollars. It's not a lot of money, but uh, but it certainly is a Green Day It feels much better than being read: left some money on the table, but leaving money on the table to me is better than giving back profit. I did not give back profit. uh here because I am actually at my high of day right now.

Even though it's not a lot, it is my high a day. This must have broken over 400 percent. Uh, 427 percent. Wow.

Wild. that's pretty crazy. All right. So I hope you guys have enjoyed this recap.

Uh, who knows where this is gonna go from here, but that to me this is a uh Vault this is a volume top high volume topping tail usually that marks the top. Now you could have said the same thing. uh, possibly with this candle right here and that did Mark the top for a period of time. you know, before the reversal.

um, any swing trade short sellers you know are gonna obviously I mean they might have already just gotten liquidated out of that and that liquidation is what can create those really really big spikes. Uh I just wish that you know these would happen. There you go. Uh, the high.

There was 30 90. But this is bearish right now because look at how this is a topping tail. but it's 28.50 on the bed. That's two points down on the bid.

So if now there's a few people that hit the market button and sell. Okay, so someone just put out that big order. Did you see that big order that flashed? Now there's two things that might be happening there. Someone might be putting out a big order because they're legitimately trying to buy twenty thousand shares.

Someone also might be putting out that order to try to cover a short position. And someone might be spoofing putting out that order to try to get people to buy so they can fill a short position. 478 percent right now. 478 percent.

And right there. see I'm uh, I'm I'm offline. So right now I'm offline 34.77 My charts came up fast. 36 37.
Oh my. God This is epic Right now. this is crazy 500. There's a 10 000 share buyer right there.

I'm gonna have to think that's probably that. I don't know. That's got to be someone covering a short forty dollars a share coming up now. I Feel like I should have just traded it with like 100 shares, but um, wow.

600 percent, 644 percent. This is insane. So it's very important to maintain self-control and discipline when you're watching these types of moves because um, you can see how in in I mean literally right now I could I mean I have the buying power to buy Five ten thousand shares, right? So all of a sudden, oh boy. imagine that 10 000 shares right here at 40.

I'm down 25 000 between the spread right? Thirty thousand in the red right now. Forty thousand. Almost forty. But Forty thousand.

So a momentary lapse of judgment when you have some buying power in your account can cost you a tremendous amount of money. I'm telling you I had done it before. You know all of a sudden you get the you get that Fomo and you start punching those keys. You get a little frustrated and now I'm offline.

Oh oh so that ten thousand shares, just you know is down eighty thousand bucks right there. That's a hundred thousand dollar loss I'm sure there's people that just made and lost a hundred thousand. You know whether they lost it on the short side or lost it fomoing in at the very top that red candle, you know I I I I do um I suppose it's worth you know asking myself, um, why didn't I trade this I just went up as much as it did. uh.

but the whole thing today was that I haven't been able to maintain a steady internet connection and that is a major problem when you're a day trader. This is not okay. This is not a safe time to trade when you have this internet issue. Now if I'd been at home I probably still wouldn't have traded.

You want to know why? Because I probably would have made my money in the morning whether it was fifteen hundred or two thousand or five thousand or maybe even 10 or 15. I made my I would have made my money in the morning and I would have said hey, my job's done I did my work I don't need to overstay my welcome right? It's the it's usually the degenerates that are trading this late in the day. Uh, I I'm guilty of that today. I definitely came back and traded after hours and uh, could have gotten myself into a real situation on this 644 percent gain at its peak 644.

So now this candle has 90 seconds left on it. Um, so let's see. um I'll just do one share 19. So I'll show you what's happening here.

So I'm connected but it's not letting me. um, it's giving me so it rejected the first one, then the second to it placed. so you know it's just you. get this weird stuff that happens when you go through these disconnection reconnections and um, it's just that's not when you should be traded.
So I Remember this happened on my trip to Maine a couple years ago as well. I was using the Wi-Fi that was at the place I stayed at the Airbnb or whatever. so this summer I've traded in Europe I've traded in Colorado Kansas Missouri Kentucky driving across West Virginia coming back up through Pennsylvania New York and Maine and the starlink has been unfortunately Hit or Miss considering it's not cheap. uh, the big Starlink in motion is 2500 bucks.

That's a 2500 satellite dish on the roof and it costs another 200 or so a month. uh to run I wish it was more consistent I wish it was a bit better, but um, you know, for other people's needs it would be perfectly adequate. You know if you're watching Netflix and you don't mind the buffering, then you're fine. but for this kind of thing, it's such a shame.

I hope it gets better. I really really do it's you know there's so much potential there and I'm glad they're still investing in that infrastructure, but right now it's just not quite there. In any case, you know yesterday and the day before were much better. uh, before the weather came in So but wow, um, you know again I think that um I I definitely sat on my hands here.

Sometimes you feel like having rules. uh on the one hand, if I'd if I'd had discipline and followed my rules today. I I probably would have had a no trade day because I don't have good internet and I really shouldn't have traded at all. but I broke my rules um when in the red and then was kind of frustrated the whole day refreshed my computer, saw it was squeezing up after hours and said screw it I'm getting in and rode that squeeze there up to 18 or whatever it was.

um then this high was 1880 or 19 and then we watched as it moved up here and at that point I was like man, you already dodged a bullet Today you went from minus 2 700 to plus 1300 on kind of a degenerate move. so um but I I had the right idea on that and I Just you know. But when do you stop? When do you walk away right? Because if I took that trade and let's just say it popped to 20, there was a 20 000 share seller and then it flushed to 18.50 and then I'm back to minus 2700. Holy smokes I would feel like a real loser.

so I'm gonna stand behind the statement that today was a disaster. It was a disaster for shorts. It was probably disaster for some Wongs and it was a disaster for me and tomorrow I just need to press the reset button and Shake It Off clear the Slate it's a new day and I hope you enjoyed this epic, crazy wild recap I Hope you hit the thumbs up I hope you subscribe the channel and I'll see you guys back here first thing tomorrow morning. Reminder as always that trading is risky.

My results aren't typical and there's no guarantee you'll find success if you want to watch a couple full-length classes here on. YouTube I'll put the playlist right up here in another video uh, right there as well for you guys to check out and I'll see you back at it first thing tomorrow morning.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “Stock goes up 644% in 1 day!”
  1. Avataaar/Circle Created with python_avatars MANISH OLI says:

    This is bearish right now stock runs 10 points .. this is bullish right now stock dumps 5 pointa 😅😅

  2. Avataaar/Circle Created with python_avatars 温斌ALEX says:

    You are very famous in the Chinese trading circle. If anyone asks how to learn trading, everyone will say to watch ROSS videos first.— from china

  3. Avataaar/Circle Created with python_avatars LeSs ThAn AvErAgE JoE says:

    Hi Ross, I was wondering if you had any software or platform suggestions for fundamental analysis.

  4. Avataaar/Circle Created with python_avatars All We Do is Twin! says:

    Thank you

  5. Avataaar/Circle Created with python_avatars jay says:

    always hit the thumbs up!

  6. Avataaar/Circle Created with python_avatars SlimeWorld says:

    This might be a little off topic but my brother thinks buying $GNL for long term passive income. The divident currently is at 14%. What are you thoughts on this type of Reits?

  7. Avataaar/Circle Created with python_avatars Romoto v says:

    Why cant i find this spike youre talking about

  8. Avataaar/Circle Created with python_avatars Jack Galloway says:

    Buy the dip

  9. Avataaar/Circle Created with python_avatars R Warrior says:

    I bought ICCT for under 3 dollars. And sold it around 7 dollars. I regret selling and should've waited more time. Because by 3 p.m. afternoon it was around $29.00. I couldn't believe it. I could've made alot of money with that stock alone.

  10. Avataaar/Circle Created with python_avatars Hola! Dennis Reynolds says:

    Uhh looking around for a good stock to get

  11. Avataaar/Circle Created with python_avatars Charlea Brown says:

    🕊️ amazing! Thank you Ross, enjoy Canada with your son!

  12. Avataaar/Circle Created with python_avatars Crypto Mark LA says:

    Wonderful video!

  13. Avataaar/Circle Created with python_avatars BASE5_NYC says:

    Amazing…Great video. – Brave man trading with a sketchy connection. I got rekt a few years back trading on my phone trying to catch a runner but was on the subway platform in NYC. Connection was worse than I realized and couldn't get out of the pos. once it turned red.

  14. Avataaar/Circle Created with python_avatars scott trucksess says:

    it's good to see you laughing , really laughing. enjoy your vaca!!

  15. Avataaar/Circle Created with python_avatars Lynn Lynn says:

    ICCT again up

  16. Avataaar/Circle Created with python_avatars ET Brew says:

    This was the coolest and funniest breakdown i've seen from you. Your enthusiasm is contagious 😂 Well done for winning over your fomo and thanks for all this inspirational content 👏

  17. Avataaar/Circle Created with python_avatars Darren Holmes says:

    Didn't fully trust this one in the morning, used all my settled cash on DBGI and watched on the sidelines this one killed it aftermarket

  18. Avataaar/Circle Created with python_avatars Eoin Cantwell says:

    Love the content Ross and the enthusiasm 😊👍🏼 hoping to learn half of what you forgot 🙈

  19. Avataaar/Circle Created with python_avatars rick seward pumping says:

    Get up Ross ICCT
    Yes, moving again. I've made 500 bucks already this morning and it leveled out at 2221. I'm just waiting for it to go up again.

  20. Avataaar/Circle Created with python_avatars Defiant GTI says:

    judging from your facial expression i can tell u made a lot money

  21. Avataaar/Circle Created with python_avatars Crazy Vlogz says:

    I can see the pressure from the match 9 deployed in your eyes man! 😂😂😂 so glad u took ur bite from that rocket launch!!

  22. Avataaar/Circle Created with python_avatars Paulpar says:

    I have been on starlink in the UK for at least 2 years. Never had trouble. I wonder if Ross's poor connection is down to faulty hardware…

  23. Avataaar/Circle Created with python_avatars MadSolarTrading says:

    A Ross Cameron and Steve Wallis Stealth Camping video would be amazing!! LMAO!! Ross even said his signature line "Hunker Down"

  24. Avataaar/Circle Created with python_avatars Gone RC says:

    question, do you use the stop losses when you buy then ad? Seams to be no enough time to set up the stop losses.

  25. Avataaar/Circle Created with python_avatars Brandon Smithers says:

    Made 500$

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