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Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
What's up everyone? All right? Well here we are. Midday Market Recap: We're coming towards the second half of the month and I'm sitting here with a big red day and unfortunately, it's gonna take me the rest of the month to dig myself out of this hole. And this is, you know, one of the really frustrating parts about trading One things that I'll say during the recap and I'll just reiterate it now is that this is the hardest easy job in the world. It's an easy job I Mean you know I'm not working outside ten degree weather, you know I'm not doing roofs in August Relatively speaking, sitting in front of computer, you know it's pretty relaxing in that sense.
It's nice and comfortable, but it's the hardest job in the sense that every single day is trying to, you know, kind of crack this puzzle. It's like a it's like a Sudoku but even harder. and of course you know this is what we're all trying to achieve is success in the market. So in order to be successful long-term you've got to be consistent and that means focusing on a quality set ups, not swinging for homeruns and today you know I feel like what kind of ended up happening was I I got I got a little FOMO Seeing an NBC rip up on five circuit breaker halts in a row from four dollars to 750 and the next stock that started to pop up that looked similar and had similar a similar catalyst which is this virus in China I jumped into it and it halted once I got in after the first hall to halt a second time I got in and added and coming out of second hall to go into the third hall get reversed and then halted going down now I'm holding full size into a halt going down that's never good and I stopped out with a $12,500 locks.
So you know it's a really big loss and unfortunately it's It's not one. I could just make back in one day and the instinct is to do exactly the instant tomorrow is. You know to try to make back $12,000 in one day and that's really dangerous and that's something that traders including myself have to be really careful of. There's just this feeling after a loss and some of you guys can relate to it.
You saw that big drop on SN CA on Friday from four dollars down to a dollar fifty when you have a really big loss, that sense of loss it's a terrible feeling and the quickest way to alleviate it is to make back the monies to not have the loss anymore or to find some way somehow to be at peace with it and to be able to just set it aside so you know we're three weeks into the year right now. I Just had this really big loss. It's gonna take me at least you know, probably 10 days of base hits to get out of the hole and to get back to you know, flat after this drop. and you know what if I kind of just say you know what? Let's just press the reset button on this whole year.
you know, let's just kind of just just say I'm just gonna put all of that aside I'm just gonna let it go and I'm gonna let go of the fact that last month I didn't make as much as I wish I had had and I'm gonna let go of the fact that last year I didn't finish with as much as I hoped I'd finish. Not that $367,000 isn't bad, but I had a higher goal than that. What if I put all that that stuff aside because a lot of that can become emotional baggage and it's all relative. I'm sure you may feel this way and comment below with what you have in a similar but relative sense that maybe you didn't make as much as you wish you had in December because you're having a buying power. Maybe your read for the month of January Maybe you're ready for a month of December Maybe you've had five and bred months in a row. Whatever the case is, what if you can just press the reset button and what do you do now moving forward? What do you do differently without all that back, you know, and if you can kind of picture what you would do differently and then ultimately the only difference between starting to do those things now and waiting until you get back to break-even before you start to, you know, put these good habits into practice. It's an emotional block. so if you can really accept the loss and say alright I took this loss and come back in tomorrow.
totally just clean slate and trade tomorrow. With this, you know, new approach, whatever it is for you. For me, focusing on base hits, trading with smaller size, focusing on one account each day, not trying to trade in three accounts at the same time. Today I traded in three different accounts, you know, and that's distracting my focus and each account has its own baggage.
You know each account has different goals. each account is in different places on the week or the day of the month, and that's a lot to try to manage it once. So just to press that reset button and say alright, maybe I'm not back to you know where I want to be before I press this reset button, but the moment that you start following the rules, that's when consistency starts to come into play. That's when you can say look, you know I may not have made back the $50,000 that I lost or whatever it is, but if from today forward, I focus on 200 a day, I will make back all of those losses and I will go into the green and I will build a long term career.
I will have lots of success ahead because I'm now focusing on what really matters, what makes the difference between success and failure. I Think it's so easy for us to say I'll start focusing on that but only once they make back this loss because first I got to make back the loss but that just ends up pushing it out and snowballing and it just doesn't work. And I know from experience so this is where I'm at today. You know this is what I need right now.
This is kind of what the market has given me. A little bit of a challenge. really more on the emotional side than anything else to focus on basics to focus on what I know produces consistent returns. So I'll be back at it tomorrow working towards that goal. And as always, if you guys have questions and comments, please leave them below I Know a lot of you guys can relate to this this right? I've read a recap I think will be really helpful for a lot of you guys so thumbs up for the video. Make sure you subscribe to the channel and I'll see you first thing. All right everyone. So let's go over the trades from today and we'll start by going over I see Cece This is obviously by far my worst trade of the year.
It's only you know January 21st, but it is my worst trait of the year. It's probably my worst trade in a few months. Let's see if I go back even I'm just looking at my trader view stats if I I'm looking like back to June for instance, Let's see this is gonna be the second biggest loss I've had since June You know it, it's it's part of the deal with trading. I Try not to beat myself up over it too much, only because if you can't tolerate having losses, trading is not a good career for you.
Obviously because this is, this is part of the deal. There are ups and downs. I would say that trading is the hardest easy job in the world. and I say that because sitting in front of a computer in a nice climate-controlled air conditioned and heated space.
it's a pretty easy job, right? You know we're not out, You know, doing roofing in August you know, or digging ditches or doing highway work in minus 10 degree weather. So in. so from that perspective, it's a very easy job. It's a very comfortable job and yet in other ways it's a very, very difficult job.
Certainly not as much physically, but more so mentally. And that's part of what's so rewarding about trading because it is kind of like a puzzle every day. It's a puzzle. It's a game.
and you know if you're successful, you come out with money. And if you're you know, not successful. You lose money. And long-term success is based on overall consistency and being able to maintain good averages and and trying to avoid days like this as much as possible.
But even the very very best traders out there, even the traders that are you know 10 times better than me will have days where just everything goes wrong. And for traders that are 10 times better than me, those days might put him down. you know, 120 grand, 130 grand I Mean you know it's all relative to the amount of money you trade with. So today you know it's kind of.
Its kind of frustrating in sort of a funny way because what I was doing on ICCC was applying the Nnv see pattern and the setup. So basically what happened today was I know for for reference for those who guys watching this down the road and maybe you're not in the loop. Over the weekend there was a bunch of news out of China about this new virus and that it's spread human-to-human and from human to the medical people, that medical professionals, the nurses, doctors, etc. And you know some people are really really pretty scared about this. So some of these companies that have been popping up today and NVC I see see see these are biotech pharmaceutical companies Lake Lakeland Industries They make biohazard suits so you know you're seeing some sympathy momentum in in some of these stocks. which is not surprising. When we had the Ebola crisis in 2014, you know we saw some really big and big moves on on these types of stocks, you know? So not surprising that we saw this now out of the gates this morning. I actually took a couple trades on the leading gap or GMP X and what was the Vi V GN P XVI ve and AEM D I took those in my retirement account and that account ended up down 1600 I really try to as much as possible keep the losses very minimal in that account.
So once I'm down more than a thousand I stopped trading in it I just leave it alone. So I took a couple trades here which we'll go over in a second and then I switched over to my main account for this last trade. So N NVC starts to pop up and this one hits the high Momentum scanners. This was it was pretty early on.
It hit right down here around 429. We can look at the 1-minute chart on this. It squeezes up right. Let's see.
Um, we're gonna halt I Think it halted right here at 9:00 around 9:45 Okay, so it halted here at 4:45 Let's yeah, sorry 9:45 and when it halted at that time, it only had like I don't know 50,000 shares of volume I look at that and I thought I there's no, there's not a lot of volume, there's no news I understand that this is kind of sympathy to what's going on in China but I don't think I can trust this. This seems very risky. so I left it alone. All right.
It squeezes up, cut resumes from the halt, squeezed up to 506, halted a second time in a row and I'm like, alright, well you know sometimes I'll have goes up again, halts a third time at 567, pulse a fourth time at 627, holds a fifth time at 704, resumes up at 7:48 then halts coming down. Okay, so while it was still halted right here into the fifth halt going up around that time, I See See see hit the scanners. so I See See hits the scammers wherever it is and I pulled it up I saw the set up right here and I looked at this and I was like this is actually this is a very nice setup right here for the break of 670. Ok, so it resumes from the halt.
Its halted right here. It resumes from the halt and opens at 7. I press the Buy button pretty much right away because I looked at this and I was like this thing. it's very similar to N NBC I can't manage risk on the NBC but I can jump in this and the pattern looks similar.
It's biotech, you know, pharmaceutical company. It's squeezing up and is halted. So I jumped into it and it squeezes up to 770 and then halts for a second time. Now coming out of the halt, this Ii halt I added at $8 I added right here at 8:00 thinking okay, this is and but during this time and NBC was still halted. So I add right here at 8:00 thinking alright, this is gonna rip up to Eight Twenty Eight Thirty Eight Fifty back in my target. Maybe we see a move up to nine so I was being I was being aggressive I already had profit on it was up nicely from my first entry down here. at whatever it was like Seven Twenty Five. so I had you know some profit here I could have taken 50 cents off the table and but I didn't I held it thinking that we were going to get a move similar if not equally as good as NVC as momentum was really starting to pick up that move on n NB C Seeing five halts in a row, you don't see that every day, and when you do see it, it's very common that you will see sympathy momentum carry over into other stocks.
So it resumes from the halt right here and we can just actually go. well. let this is fine. this is a ten second chart so it resumes from the halt and I added it eight.
it pops up here to 807 so it dips for a second down to 785 but then surges up and I'm adding it eight. Alright, so now I'm long. ten thousand shares of the stock, which you know it's fairly aggressive of course given what we had just seen on an NBC I thought it was the right one to be aggressive. On all right, it doesn't break through the high right here of Eight Twenty and rip up to 850 868, 70 and halt a second or third time at Eight eighty, which is what I thought it would do.
Instead, dropped on this candle, went the exact other direction in you know, one candle here pretty much down to Seven Twenty. So now I go from being green on the trade to read on the trade and so I held it for a second thinking okay, well this is not great, but let's see what this does. Let I'm gonna give it a chance to bounce first, want me to Campbell to make a new high and sometimes we will see kind of a dramatic pullback. It's not the most common, but sometimes you see.
So our dramatic pull back and then a surge back up through the halt price and then it'll halt rather than going up to 880 at a halt around this level because this will be ten percent off the low if that pullback. So I jumped. So I'm in it and I'm looking for it to make that squeeze and you know go into a halt going up and then right here it drops to 689 and gets halted going down. Now having a stock halt going down when you're long is just as bad as having a stock stock halt going up.
When you're short, it's going the wrong direction. Its halted and usually when they all going up, they open higher. When they halt going down, they open lower. So at this point I'm now I was down about five thousand dollars with my ten thousand share position or six thousand actually and I knew that this was gonna be a big loss.
There was probably nothing I could do to avoid it. On resumption, it opens six sixty I covered some shares or I sold some shares and and took the loss here. I Was thinking that we might see a little bit of covering because sometimes when you have a drop from eight down to like you know, 650, you'll see short covering. Anyone who did short and you'll see this pop back up. So rather than sell on the bid, I was trying to sell on the ask and I was getting filled at Six Forty Five and Six Forty eight and I did end up hitting the bid on the rest of it at 6:08 which was you know, kind of down here at the low. but you got to cut your losses and so just like that I lost twelve thousand, five hundred, eighty bucks and you know and meanwhile an NB C is still halted on an on resumption and NBC resumed and then drops and I would have shorted this but I didn't have shares available at this point after this many halts going up. I thought the first time it drops, it definitely looks good for a short going down, but it just it didn't set up. it didn't her sorry, it did set up, it didn't I didn't have shares available to borrow.
no no shares here so it halts it 673 then held second time, then drops a third time before bouncing up as you can see right here. So no trades on this one and I tried to sort of take this pattern of what had just happened on a similar type of stock and apply it to I see see, see and man I was just I was wrong. You know I was incorrect and the problem here isn't that I was wrong. It's fine to have losses.
The problem was that I was proportionately. this loss is going to be weighted heavier than the others because my share size was bigger and of course the risk naturally was higher. Buying stocks in and out of halts always is going to be riskier and I have a video that I made somewhere about. you know, circuit breaker halts.
it sits in the classes and I think there's a version of it on YouTube but I've made a lot of money trading stocks that are getting halted and that's because these are some of the most volatile stocks. Volatility equals opportunity. so if you're in at the right place, you can do really, really well. But if you miss, manage your risk.
You can get yourself into trouble. And of course my initial entry on this was I think fine given the setup and everything else adding up here at 8 I was a little early to add and then once I'd added I was now at 10,000 shares which is kind of at a point where it's hard to move in and out of a position, you know, really really quickly. So I sort of held it a little longer and then you know all of a sudden its halting going down and I'm I'm down 50 cents a share so you know. Unfortunately, this you know, puts me in kind of a tricky place on the month.
I was really hoping to finish up these last I don't know. whatever it is. 8 9 days of the month with a couple more really solid green days we now have. Let's see 2, 4, 6, 7 8 days left in the month.
And you know, even if I'm able to average $2,000 a day, I'm gonna spend the rest of my month here digging myself out of this hole. you know and that's that comes back to. you know the experience of okay, you just had a big loss and now you know how do you dig yourself out of it So you know this is particularly relevant for those of you guys who were trading. SN CA on Friday All of a sudden on Friday The stock puts out news right here and it drops from $4 to a dollar 50 I Mean this, This was. this is really nasty. Now this is a very different setup. I'm not sure how many of you were trading it during this time. I Mean it's you know.
Number one trading at one two o'clock in the afternoon is a little past our go-to time of day to trade, but you know it. And it wasn't like it was halting going up or anything like that. at the time. it was just grinding higher and seeming pretty strong.
and then all of a sudden news breaks. you know, and then that can happen at any time. although it's more likely that it happens in the afternoon then typically in the morning. So trading in the morning you've got less of this type of risk.
But you know, Let's say you took a trade on this and you lost 12 grand. All right, you're in the same boat as me. Let's say, you took a good haircut and you know lost a good chunk your account. How do you rebuild? What do you do? So on the one hand, the the fastest way for me to rebuild would be the first stock.
I See tomorrow on the Gap scanner. you know to be jumping in it with 20,000 shares, Right? If I can jump in something with 20,000 shares and get a 40 50 cent breakout, I'm gonna be up 810 thousand dollars and I'm gonna be bouncing myself right out of the hole and right up. You know, back to break-even after this really big red day. and that's where things can start to snowball Because that's the instinct.
the human instinct is after a big loss to double down to try to make it back as quickly as possible because the feeling of being in the red is not a great feeling. It's not a feeling that anyone likes. You know to be down $10,000 $20,000 to be down $50,000 Whatever the dollar amount is, it's not a good feeling. You want to get back to green as quickly as possible.
That's your instinct. It's natural and that instinct will lead you. if you give in to it to start trading with bigger and bigger share size. Because of course with bigger share size the smaller moves you know amount to more profit.
but you start doing that and that's when you can get into what we call a snowball and a downward spiral where you know tomorrow I take 20,000 shares and said 10,000 shares of something like this and all of a sudden in one day I'm down 24,000 I take 30,000 shares and all of a sudden I'm down. You know, thirty thousand, right? It's it starts. The losses start to get bigger and bigger and bigger and bigger. and you get to a point where you simply cannot take more share size because you've lost so much of your account. Or you know, it's just not practical to be trading day trading with 50,000 shares. So I can tell you from experience that doubling down to try to bounce out of the losses nine out of ten times is gonna double your losses faster than it bounces you back out. And so unfortunately, the only way to dig yourself out of a hole that I've found to be consistent is to focus on base hits. Now, while I know that and and while on I CCC it certainly would have been a base hit just to sell.
either going into the second haul when I was up 20 cents or whatever it was or to sell immediately coming out of the halt and it always feels like you're leaving so much money on the table when you do something like that and then you, you know, let's say you did that on an NBC right. You sold your entire position or three quarters your position right here at 486 only to watch it go to 750 and you're like man, what is wrong with me I left so much money on the table. It's not every day you have an opportunity like that and I just left all of that profit on the table. And so it's natural that when you have a trade that you know sure initially you're thinking base hit, but then All of a sudden you're up 75 cents a share, you know and it's halted that you're like, okay, this is gonna be the one that I can just kind of let ride I'm in the driver's seat here.
Let's just see what this does and that's that's not the wrong thing to do I Really don't think that's the wrong thing to do And in any case, there's a percentage of the time where it works and there's a percentage of the time where it does not work. And today for me, it would have worked on an NBC really well and it did not work at all on I see, see, see and there's not a lot of rhyme or reason as to why it worked well on one and didn't work well on the other. You know you can spend a year poring over technical indicators and asking yourself what was true about it and NBC and that wasn't true with ICCC Was it the RSI Was that the MACD was it? You know the combination of the moving average crossover, the position of the view app, and you know there is not a mathematical formula for day trading small cap stocks that you can just you know, develop and then automate and it'll trade every single day and make money for you. It's just it's just not the way it works.
You have to get in there and really look at the patterns and you have to be able to judge the current condition of the market and sometimes everything will look right and it goes the wrong way. which is obviously disappointing and it's one of the reasons it is really important to try as much as you can to level risk across all your trades. so one trade that goes wrong doesn't wipe out. You know a bunch of trades that that were good and that's kind of what just happened here with this one, so you know.
Unfortunately, it's another red day in my retirement account and another red day here in this account and all. I can really do start digging myself out. one trade at a time, one day at a time starting tomorrow I'm below my max loss today I Can't keep trading I did not break any rules today I mean I don't have a specific rule on you know, leveling risk across all trades. of course sometimes it does make sense to put the pedal to the metal and be a little more aggressive when the market is hot and it felt hot with the move on n n BC So you know today was just a day where I got into a trade and it totally didn't work and it's it's part of the deal with trading and you know, unfortunately, as a beginner trader, this is the stuff that can be really kind of difficult to learn is why is it that what I just did worked so well yesterday and today the same exact thing didn't work and long-term success of trading. It's about statistics, long term consistency, and accepting that even the very very best strategies will be wrong 25 30 % of the time. and so if they're wrong 25 30 percent of the time, you need to really level your risk across the board as much as possible. so you don't just have the bad fortune that the trades that you take that our losses end up becoming you know, monstrous huge losses and then wiping out all of the the winners that you had because there's no doubt that you can be right 70 percent of the time and still lose money if you let your losses really get away from you. And this month has not been a good example of me keeping my losses tight for probably a variety of reasons that you know I Kind of need to look at and think about as I put together my game plan for the months ahead.
What's interesting is that in the last year, the months that have statistically been my best have actually been my worst and some of the months that are statistically my worst have been my best. It's truly baffling. August Typically a terrible month for me I actually asked myself whether or not it was even worth Trading or if I should just take the whole month off and I said well I can't take the whole month off you know I've got my students and I've got a you know, I've got a trade so I'll just trade through the month of August I set my goal of if I make ten thousand dollars, I'll be ecstatic I ended up making like forty five grand. Fifty grand.
it was the best August I think I've ever had I was shocked and then you know October Typically a terrific month for me I ended up being red last year I had a there was another month I can't remember which one that was like that. but just very surprising that these months that are typically so strong have been weaker and then the typically weaker months have been stronger I Don't know really what to think of it other than you know the market can be irrational and you've just got to trade through it and you've got to kind of react to it and not let it get you rattled. so you start feeding the emotions. A loss like this down, you know, 12,500 here and then another 1,600 here. I'm down 15 grand on the day. A loss like this can can easily even for me. Get me a little rattled where I'll start trading more aggressively I'd love tomorrow to make seventy five hundred dollars. you know I'm not gonna try to make fifteen thousand, but I could try to make half of this back and then by the end of the week be back to flat.
but that's what can start to really get you in trouble. And so you know I say it as much to myself as a reminder as I Say it to you to really try to make a conscientious effort in the days that follow a big loss to focus on a quality set ups digging yourself out of the hole slowly base hits I think this month I've been a lot more active than on a typical month. I've taken a lot of a lot more trades I've had a few days where I've traded just like over traded like crazy I've taken some afternoon trades this month and those have not been I mean I I I started trading in the afternoon because I felt like I needed to kind of I guess I felt like I needed to compensate for not making as much in December as I wish I had had I wish I'd made and that was because I was doing my small account challenge and so I was like you know what? January is usually strong so I'm just gonna kind of push through and you know trade January in including the afternoons and you know I can pull up my my stats here. my afternoon performance by performance by hour of the day here I mean it's it's you can see right there I mean that just doesn't work and it's disappointing.
But afternoon trading for me the only thing that's consistent at is me over trading, churning shares, burning Commission and getting caught in false breakouts or quick drops. The best and easiest time for me to trade has always been in the morning as the market reacts to news that came out overnight. It's always been the cleanest and easiest time for me to trade. The thought that oh, I got to put in some extra hours and trade through the afternoon to try to compensate.
That's that is not based on metrics that would say that I'm profitable in the afternoon. That's based on the emotion that I'm frustrated I didn't do better last month and you know at a certain point you gotta let these things go. You gotta forgive yourself. You got to say hey, you know? yeah, we're doing a small account challenge or hey, I didn't have as much buying power as other people out there I made as much as I could I did the best I could and this is a new month I Got trade this month stand alone all by itself.
not based on what I you know could have should have would have done last month because that's looking backwards. You got to look forward, you got to be in the moment and so if I could cut out, you know all of these afternoon losses, You know that would certainly put me a much better shape on the month and it would probably boost up my accuracy considerably. And you know, I can't change the fact that that was the choice that I made for the first three weeks. But I can you know at this point right now and moving forward would say Alright, this is what I'm gonna do differently, you know? And I think that's kind of the approach of you know, let's just say for a moment, let's just let's just imagine that whatever you lost today, whatever you lost yesterday, whatever, you're down on the month that you can just press a reset button like there's a magic reset button right here and you just click that and all of a sudden you're back to zero. Okay, now will you do differently so you don't go right back into the red? You've got that magic bail out button. Awesome! So now what do you do differently? That bail out buttons useless if you're just gonna drop yourself right back to down 12 grand. So in terms of what I would do differently on my trades today? perhaps I should have just simply stopped after after I went red right here GNP X this was a gap and go trade I was actually up a thousand on it and then gave back some profit. Six hundred dollars of profit adding right here for what I thought would be the break of 75 and a rip up to 80.
So that was my mistake there. Um, I'm sorry, sorry it was. it was right here that I added right here so you know only 400 bucks there. V I ve just a kind of quick little trade on this breakout here, but such a cheap stock I didn't make much on it and then a EMD pops up on the scanner right here and rather than wait for a clean 5-minute set up to form or even a real clean one minute setup to form I just jumped in him so you know that was a little impulsive and I kind of looked at this of like okay it's taken off.
it looks like it's gonna rip through three dollars so I jumped on it and then it came right back down and just like that I was read on the day. so look at this and NBC you know this is it's gonna be. it's gonna be one that I'm sure breaks some hearts today, both for short sellers and for long biased traders because hikes you know is this thing actually gonna go back up to 750? Yeah, I can't imagine that it will, but it would be a crazy pattern one that I don't know that I've ever seen this type of drop but the fact that it's back up at 6:15 is is pretty nuts. so I don't know.
just be careful on that. emotions are gonna be running high and that's gonna make it even more erratic. So anyways I think maybe today I should have just stopped sooner and of course, trying to trade. Today's a day where I traded in three different accounts I've got my TD Ameritrade account here.
That's my small account challenge: I've got my retirement account, I've got my main account and I continue to kind of show how challenging it is to try to trade in multiple accounts at once. You've just got so many different things that you're managing and it didn't work today. I you know it kind of. It's one of these things that throws me off a little bit because I had done so well trading in multiple accounts for a good portion of 2018 and 2019 and then just in the last like four months I've been doing really not very well trading in these accounts. so you know and I'm I'm kind of stubborn to say I'm not going to do it anymore because I know that I'm capable of doing it and I know that I grew my IRA account from 6000 my initial contribution our 5500 up to 190 grand. So and that was while I was trading this account at the same time. So you know I know I can. but maybe you know I don't know I have to just step off of this kind of goal of trading in several accounts at once.
I I'm not I'm not sure, but you know today, three accounts green on one out of the three, but the one that I'm green on is the smallest gain. Of course it's the small account challenge, but it's the one I was trading in in the most conservative way. that's most conservative. This was not.
My retirement was moderate, really moderately conservative and this was the most aggressive. Sometimes these would be, you know, flipped where this is the biggest green one, the IRA is kind of moderately green and then of course the TD one would be. you know, small, small green or small red. So anyways, I'll let you guys go and you know good luck on an NBC if you go back for it.
If I CCC you know goes all the way back up to the highs. Also, I'd be pretty pretty sad, but I highly doubt it does. and NBC I think it's just running on pure emotion here. but the market can run on emotion and you've got to make sure you capitalize on it without falling victim to it.
And today I I got on the wrong side of that line. So I'll be back tomorrow. And you know I don't have that magic reset button so all I have all I can do is just bounce back one trade at a time. So daily gold tomorrow.
A thousand bucks, two thousand dollars same as always and it's gonna take about ten days of trading like that to get me out of this hole. So I've got 10 days to kind of think about what I did wrong here and try to space out these losses as much as possible. Alright, that's it for me. I'll see you guys first thing tomorrow morning.
Everyone! Hey, did you know every morning? I Go live to stream at Pre Market Watch list. Subscribe to the channel, press the alert button and you'll get the notifications. If you want to learn more about trading, check out the links in the description. If you have questions, post them in the comments because I personally respond to every comment posts on my channel.
Wow think of how kick ass you’re doing now end of July .. who would have thought a typical day would be 20-30k plus a day
I had my lost today after a 7 day green 3% portfolio down for getting cocky lesson learned
That sweater gives me life, it's the only silver lining in that massive 12K loss.
Do you follow any Day Traders on youtube? If so, which one(s).
I would only hold through a halt if I was forced. Otherwise, for me its not worth the mental capital of feeling unable to control my risk.
hey which subscription you use for trade ideas? thx
Just started researching day trading and watching your streams – is great to watch experiences like this as its quite sobering for me and makes me develop my business plan with more consideration
Sorry I got in at 1.39 still big mistake..i you out Thursday for a lost ..this stock is 7 steps up 10 down …don’t know is going to take a while …sorry GL
🧡💛💚💙 So happy you made +$23k back.. Im watching this video first before I watch your new one!
Nice work Rossy boo! 🧡💛💚💙
I used the lesson I learnt in this video to dig myself out of a loss using half the position size I originally traded and it worked a treat. I calmed myself down and took two trades using 250 shares instead of the initial 500 and I got back in the green 🙂 Your lessons are helping me through my fist week massively!
quite eloquent messaging and epic delivery bro… did you ever work in communications?? Anyway, if I had usd 1 million capital to work with, call me crazy, but I'd probably SELL somewhere around 400 lots @ spot of the EUR/TRY pair . Carry trade Interest income alone might be what, 20k per month ?
Win or lose, you are an honest man. Very rare in today's world. Thank you for sharing.
The story continues….. NNVC ended up ripping to $13 the same day, closed at $8.15 and opened at $3.97 on Jan 22 2020.
Lost 20k on TRIL offering today. Thanks for the advice. Big picture I’m doing going. Just today sucked so bad
I traded ICCC on that halt also lol bad times
What platform do you use for the 10 second chart?
hi Ross, you mentioned news dropping and effecting the markets. can you recommend a good source for breaking news? i always seem to be getting notifications for things that happened hours ago 🙁
NEWBIE COMMENT…I realize that you very good at what you do…WHAT IF…what if you analyzed some trades like this one with a fellow PRO for critical analysis? too much hindsight?
Its almost end of January, when is year in review video coming?
its better to buy penny stocks when they are down you will feel safe, rather than when they in bullish moves, SNCA is big example for this so scarry , you are in -12K i am in falter here 🙂
me too i am in in -2300$ in UGAZ, and i hop it will cover and make seriouse up moves in the future…
am not getting the notice for today hot stocks….