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Warrior Trading // Ross Cameron // Day Trade Warrior

What's up, everyone? All right? Well, second week in a row, case of the Mondays Red Monday red starts the week. It's never fun to start the week with a red day and now know that I've got to work the rest of the week first just to get myself back to break-even and then to start thinking about my weekly goals. but hit it last week despite losing ten thousand dollars on Monday I still finished the week up over twenty thousand dollars which was awesome. Now today, I'm down to five grand I actually was down a little closer to 11 grand and I was able to dig my way out of the hole.

We'll finish down about five thousand Fifty Five hundred. Not great, but not bad either. That's definitely not within easy you know, digging now territory. I Can easily get myself out of a five thousand dollar red day with one decent day tomorrow.

So really, my focus has to be a quality set ups and be aggressive when the timing is right. But if things are looking choppy, if I'm seeing stocks with big spreads I got to ease up. The big one today that got me was CTR B Of course I made over 10,000 on it last week, but this week you know where I got in was just not quite right. I didn't have the momentum and you know when you're trading fifteen, sixteen dollar stock doesn't take much to lose a dollar per share and that's exactly what happened.

So just watch drops down down over a dollar a share with six thousand shares get stopped out with slippage. And you know, Boom. just like that, I'm gonna be down 7,500 bucks so we'll go over it during the midday recap. As usual, any questions, any comments? leave below and I'll see you guys first thing tomorrow morning.

All right, I run. So we're gonna do our midday market recap here. Go over the trades from this morning today. not the easiest day, unfortunately.

CTR V Even though it was gapping up about 70% pre market, the bell rang and it just didn't hold these levels at all. Really pretty disappointing. It popped up here to a high of 1649 and in that same one-minute candle had a low or five minute count, had a low of thirteen sixty five. So a huge amount of range.

And as has been the case with this price range, it's either Big Green or Big Red. It's not a lot in between now. vis L This was a bounce-back trade made a little bit here off the lows which was great, but CTR V I took. This was my second trade on it.

My second trade was also loser. My first trade was a $1700 loser. So I'm down ten grand on CTR V today. And you know it puts me down between the two accounts: about 5,000 on the day, right? Almost exactly 5,000 on the day, which is disappointing.

You know it's it's the second red day. Monday I was read last Monday as well I was down 10,000 last Monday last Tuesday I made 21,000 today. doesn't actually feel as bad as last Monday because last Monday I was up eight thousand dollars before things turned around today I never went green I mean today my first trade on CTR V I lost a dollar per shake more than a dollar per share I took six thousand shares and it popped up here. Where was this? It was right I think it was right here and where I got in actually I sort of got in a little early anticipating a red to green move over 15.
it broke 15 I hit a high of 15 sixty 1570 up 70 cents per share from the red to green setup and then it flushed down, broke below 14 I stopped out, got slippage down $7,800 and then it rips back up right here and I got back in right here for the one-minute micro pull back for the break over high. a day actually was up $1,100 and then it flushed down and I sold the rest down and was read by twenty six hundred bucks. So I was below the $2,000 max loss in this account and I was below it in this account. So today I increased my max loss to minus five thousand because I felt like I don't want to be done trading at 9:37 I know there's still opportunity I need to sit tight and you just you know.

go easy for a little bit and so I sat tight and pretty much I have the limited increase to five thousand and just yeah I really just sat tight for a while and then all of a sudden at what time was this, it's like ten fifteen VI SL pops up as you can see here on the scanner pops up to hit first, hits a dollar, eighty one hits again at a dollar eighty eight and two dollars and got halted. This had breaking news at 10:10 a.m. so at 10:10 breaking news it squeezed up, gets halted it to it resumes higher, dips down here for a second I jump in it squeezes up here halts a second time coming out of the second halt. I actually added at 3:10 it hits a high of 3:21 and then drops down.

This was disappointing. It halts going down, but it bounces right off those lows and comes back up and I actually added right here and right here and then I added again right here and then my best exit was 355 high a day was 357. So this was kind of a little bit of a sloppy trade because I was holding I was still holding some of my position on the drop going down I was able to sell at in between 280 and $3.00 most of my position and my cost basis was 270. So I was selling most of my position for only like 20 cents a profit.

but then I was holding a small piece into the hall going down thinking well probably just gonna take a loss on that. That's disappointing, but it resumed from the halt dips and then rips up. Almost looked like it was gonna get halted going up and that's where I it was like, you know what I think this is gonna work First five-minute candle making new highs right here at 65 and that's where I got back in or added back my size right there for the break. over 65.

got to move up to 80. a little pullback there. little pullback. there little pullback here and then squeeze all the way up to 357.

So nice bounce there and then right here. consolidation and this was the moment that I knew it was over. It did a false breakout right here, drop back down and if it held that level then we might have had a chance at retesting high a day. 374 the daily high on this candle, and then 448 the 200 moving average.
Those were the back of mine targets, but unfortunately as it broke this level here, it's now dipped down quite a bit. So all in all, not the best start to the week. I made 5,000 on Friday and I'm giving it back here this morning, but I was down 10 grand and I was able to bounce off those lows a little bit and I was able to cut the boss in half which is which is good and that's one of the things that I'll sometimes do when I'm having a bad day rather than trying to say I'm down 10,000 That means I've got to make 12,000 or 13,000 dollars to get to my daily goal. I'll just say you know what can I cut the loss in half Can I cut it? Can I cut a quarter off of it Can I cut a thousand dollars off of it on a good trade that meets my strategy, doesn't have a lot of risk and I feel good about now.

Of course the biggest challenge is I don't want to continue to go rat and when I switched to this account and took this next trade on CT RV and continued to go red, that's when I was pretty much like okay, well CT RV is not stock I can continue to trade that one I'm done with and I need to focus on something else because it's just it's it's difficult for me and you know if I look back at last week in total CT RV I guess I made five thousand on it on Wednesday I made thirty-seven hundred on it on Friday the week before ten thousand dollars on it. so I've gotten some good money out of CT RV but sometimes when you overstay your welcome on these stocks, you can get into trouble and I guess you know I knew that I had a little bit more risk and what made it have more risk was the fact that pre market it already dropped down quite a bit. here. this pre market kind of pivoted 1729 was the level I was watching and I maybe should have just waited for that to break and then retest hi a day because the fact that we were opening it like fifteen eighty you know that was four dollars a share off the highs of nineteen, so that was down quite a bit.

It was right at the V web a little riskier. Um, you know, not not picture-perfect I mean not bad, but but not not picture-perfect And maybe I was a little too aggressive on my share size, but of course, having done so well on this exact stock and on several of stocks in this price range I think it was okay that that I took a little bit more risk and you know I'm also in a place on the month where I can afford to take more risk. I've already hit my monthly profit target. Well, this morning before today, I was up about 5000 over 50,000 on the month now I'm up 45.

so I'm still five thousand dollars above my June goal of 40 grand, you know I I can afford to take a little bit of risk and today, maybe I took it on the wrong trade, but maybe tomorrow. Well, I'll take it on the right trade and I'll end up having a nice twelve, fifteen or twenty thousand dollar green day. But maybe it won't be tomorrow. Maybe it'll be later in the week or next week.
but it's kind of one of those things you know if you keep being aggressive, as long as you're sticking to your strategy, eventually you will get that one trade that just connects that really opens up and gives you that awesome winner. So some of you guys got it today. It's actually most of you guys did really well in CTR V probably because you took the profit when you were up 70 cents per share. While I was thinking about adding for the break of 16 and to move up to 1729, I was being way too aggressive in my mind of what the stock had the potential to do on Vis L.

I was more kind of typical trading taking profits as I had them not swinging for the fences as much and I think that that was that was the right move on that one given the fact that I was already right on the day. I had to be a little bit more quick on scalping and as a result I took a lot of trades on Vis L getting in, getting out, getting, and getting out. but you know all's well, that ends well. So a little progress in the IRA today little setback in the main account, but overall this is just one of those days that will be neither the best day of the month, the worst day of the month is just an in-between day and I'll be back at it first thing tomorrow.

I'll bring the max loss back down to $2,000 tomorrow. Today was a rare exception where I increased it I don't usually max out both accounts and you know in one day and this is actually I Think like, well, I know I've maxed out both accounts in one day before, but I've never maxed him out and then kept trading. but being only $600 above the max loss so early in the day, you know this is one of those things where if I had taken off the max loss and then lost another couple thousand dollars, I I would have been really disappointed myself. But today I lifted that restriction and was able to to prove that I can trade well even when I am down, maybe even as much as $10,000 Of course, having the the loss split between two accounts makes it easier to bear because you're not staring at one huge red number.

This one I wasn't even looking at this one was, you know, $2,600 for me is not really that big of a deal in terms of a red trade. so I was able to really focus on Vis L. and yeah, but not the cleanest day. Hopefully tomorrow's a little bit better.

Monday last week was pretty bad as well Monday This week not great. Maybe Monday next week I Can be a little bit more disciplined. Alright everyone, so a little bit of a choppy start to the week, but be back at first thing tomorrow. Hopefully we do have some good opportunities on the scans and you know, hey, you know what? Today if I had just traded off the high today, most canner Vis L would have been the only trade I'd be up five grand so got to be careful chasing those gaffers sometimes even though this was the obvious one when they're you know when they've got a little bit of that selling pressure and they've got a history of gapping and fading I should have I should have maybe been a little bit more conservative.
So okay, so did you guys. they're agreeing. Good job in everyone else. I'll see you back at it tomorrow morning 9:15 pre market analysis and yeah, study up if you're still watching.

You must have really enjoyed that video. So why not subscribe and get email alerts anytime? I upload new content. Remember when you subscribe, you become a member of the Warrior Trading Family.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “Case of the mondays -$5k ross’ trade recap”
  1. Avataaar/Circle Created with python_avatars lo swag says:

    How are you profitable when you lose like every week ?

  2. Avataaar/Circle Created with python_avatars Juan Ordonez says:

    Should've cut share size like you know you should

  3. Avataaar/Circle Created with python_avatars Daniels says:

    👍🏼

  4. Avataaar/Circle Created with python_avatars Enzo says:

    If you read the news on this it was just a rehash of old news, this was nothing more than short the whole time, short biased from the start

  5. Avataaar/Circle Created with python_avatars Colin Maharaj says:

    Case of the Mondays, long time I have not heard of that. 🙂 Go to Chuckees and get a coffee.

  6. Avataaar/Circle Created with python_avatars slm 2019 says:

    Hey Ross, I'm wondering what type of order your are using when trading a stock up trading in fast move? Limit order in the BID Price with some cents or Ask price??

  7. Avataaar/Circle Created with python_avatars 🗽Walking New York City says:

    You’ll get back on the horse tomorrow.

  8. Avataaar/Circle Created with python_avatars Probing One says:

    RED DAY RECAPS are more valuable to learn from then green day ones. Thankx Ross. Gaps take the range out and If you chace you die, if you buy high you die.

  9. Avataaar/Circle Created with python_avatars metro lights says:

    Easy trading day as we're largely range bound ahead of FED on S&P.

  10. Avataaar/Circle Created with python_avatars Andy MacLeod says:

    I had high hopes for $CTRV, but it was bouncing around at the open so much, I decided to let it be! I then traded $EIGI and made $90 with a textbook trade from the first pullback (in my $1000 account)… I then got overconfident at that point and lost $30 on $LK… Still, happy to have my second ever green day. Onwards and upwards!

  11. Avataaar/Circle Created with python_avatars Edgar Cuevas says:

    Hi Ross. How much do you leave on your account to start fresh at the beggining of every month?

  12. Avataaar/Circle Created with python_avatars Fraser says:

    I like the Sunoco sign. Take it that’s to remember a time before now?

  13. Avataaar/Circle Created with python_avatars Goosbrue says:

    Today everyone is having a bad day. Good luck tomorrow though:)

  14. Avataaar/Circle Created with python_avatars LostOne says:

    I feel better about my red day seeing your caliber of trading having a bit of trouble today as well. Back at it tomorrow. Thanks Ross

  15. Avataaar/Circle Created with python_avatars Coach Set says:

    This is how I know I'm getting better. I knew today was ugly and didn't trade bad setups. Then I see a few of my favorite traders lost money let's me know I did right not forcing a trade or chasing.

  16. Avataaar/Circle Created with python_avatars Kirk Blackshear says:

    Ross, Are those pivot points on your 5 min chart?

  17. Avataaar/Circle Created with python_avatars I am Darionix says:

    These stocks with super low floats are really difficult to trade. 250k shares float, 500k shares volume = Recepe for a disaster 🙂

  18. Avataaar/Circle Created with python_avatars A I says:

    Got greedy on VISL lost 350 holding coming out of second halt waiting for 3.50 I’m stupid gambler….

  19. Avataaar/Circle Created with python_avatars kat2123 says:

    I've learned that with stocks like CTRV; a small share size will bring good enough profits at the right entry point.
    Thankful I've left the day with $490 profit.

  20. Avataaar/Circle Created with python_avatars Tako 002 says:

    I was up 60c per share on a R/G move on CTRV but didn't take profits. It was curling up and broke previous highs, so I thought it was going to make a bigger move. It dropped down, stalled a bit, then drop almost $1 a share in one second. It almost halted going down, so I bailed.

    Today was so frustrating. I was watching another stock (ARQB?) setting up a 5 min Bullflag (it made over a dollar per share on the breakout), but I decided to take CTRV instead…

    Then on the next 5 min bullflag, I was up 30c but didn't take profit again! It broke HOD by about 10c, so I thought it wad gonna make a bigger move.

    If I had taken profit, I would be up about $120 today, but instead I'm down $140…I'm so bad at trading…

    It's been about a year now…I guess I'm just part of the 20% that still fails after taking the warrior pro course…

  21. Avataaar/Circle Created with python_avatars Alex Grant says:

    Nobody can dig out of a whole better then diggin daddy!!

  22. Avataaar/Circle Created with python_avatars Ryan says:

    Hey Ross, on the resumption of the halt for VISL how did you get in on the dip before the surge back up? The dip was so quick I wasn't able to get in, I know the halts are obviously really volatile and move really fast but I'm so lost as to how you get in it so fast without getting filled way higher when using the hotkeys. I record my sessions trading and even watching it back and pausing the video the dip was so quick I just don't know how I would've gotten in.. Any help would be really appreciated these videos are so helpful thank you!

  23. Avataaar/Circle Created with python_avatars Chigozie Truth says:

    I lost a bit on CTRV. Was highly volatile with fat spreads. Loaded up on LABD instead for the coming reversal.

  24. Avataaar/Circle Created with python_avatars Urbosa's Furry says:

    Wish I would have held onto the CTRV shares I sold last Friday. :-/

  25. Avataaar/Circle Created with python_avatars Kenzo Shibakariki says:

    $CTRV was one of those perfect stocks to blow up an account trading! One of the reasons I don't trade stocks in this price range as a rule that I've been breaking lately! It was brutal at the open, but I managed to get +600 on it, then traded $EIGI for $200 which seemed a grinder and $VISL for the halt, ending the day +2K on three green trades!

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