Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/strategy/ 📈
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? Today's the first trading day of January and unfortunately it is a red day. so today's gonna be a red day recap. I reach a level four of frustration in my trades today. You can hear all about it in today's midday market recap.

Alright everyone, so today is our first midday market recap for the month of January and for 2018. So you know here we are at the beginning of the new Year and today was a little bit of a frustrating day for me. Got off to a really good start with three or four really pretty solid trades and then I ended up just getting a little bit too aggressive and then having several losses in a row. which is one of those things that is, you know, for me, really frustrating.

It's actually more frustrating to have I think it was for red trades in a row than it is to lose. you know, thirty eight hundred bucks or whatever it is. So I'll show you my PNL here today. you'll be able to see where where I'm at.

So giving back some of my profit from what was it Friday remember how much I made on Friday Let's see I finished on Friday with thirty? No, it was actually four thousand dollars. So I just gave back four thousand dollars was just basically Friday's profit. So that's only one day back, right? So you know, several steps forward. One step back.

it's not the end of the world, it's just a little bit a little bit annoying. So anyways, and you can see here the the trades that I took so very first trade out of the gates was bu RG and this is one that was gapping up this morning. we had news on it and it was moving up. cryptocurrency sympathy, all that stuff.

so on this one right out of the gates I was watching it for a possible pop over the pre-market pivot which I thought was going to be on the one-minute right around 4:40 so we were kind of selling off and then we popped up. We dropped down a little bit and I thought if we could break over that level that we would then start to move back up. So my very first trade was long 5,000 shares at 4:31 it pops up to 447 I sold a quarter, it drops down to 442 I sell more and I guess I sold the rest at 433 I then get back in at 450 selling at 453 454 adding back at 450 again a third time selling at 467, 463 adding back at 475, 468 selling at 497 and five and 484 high of day was 514 so you know on this one I was kind of trading in and out of that range. got back in it 493 499 or something like that sold at 499, sold a little more 512 so actually sold two cents off high of day which is not bad but you know getting in, getting out, getting in, getting out and I managed to make about $2,100 profit on the name.

So overall you know that was fine and then my next trade was Lte-a and I jumped into this with 8,000 shares at 698, its halted and it resumes and squeezes all the way up to a high of 765. So you might wonder, well how did I manage to make only a hundred and eighty eight dollars on this trade? So I was in, its halted, it squeezes up at tap 750 and what I decided to do was I sold at 7:38 and 740 most of my position and then I got back in at what was it I got back in. oh actually I sold some all the way down at 688 because it dropped down and then as it popped back up I back in at 7:44 and then stopped out at 675. So I went from being up two thousand dollars, twenty-five hundred bucks and then I gave it back on that trade.
So that was my first read trade of the day losing twenty one hundred dollars or so on Lte-a So I gave back most of my profit you know - one hundred eighty eight dollars. So that was frustrating and you can see it came all the way back down here to six and just it was not clean at all so that was frustrating. Then I got into Ch CI and on this one I got in high I thought it was gonna tap four dollars I got in at 371 as you can see I ended up stopping out at 3:19 You know it popped up here tapped 390. it couldn't get over that level and then it dropped all the way down here to 273.

I mean it dropped a full dollar per share. So on that one I lost 2,600 bucks and so at that point I went from being up two thousand four hundred dollars on the day to down 270 and I thought okay, I'm down two hundred seventy bucks. You know what? Should I just stop trading or should I look for another opportunity I saw SG RP hit the scanner and it was kind of like CH CI sort of looked similar to the way that one I looked when it first at the scanner. So I jumped in it and you can see here this was a total fake out.

It ended up dropping further down. Then it started. He went from thirty to forty nine and then all the way back down to sixteen. So I lost seven hundred bucks on that.

and so at that point after these four trades, I was down nine hundred and eighty bucks. So now I've got two losses in a row. three sorry, three losses in a row. Lte-a CCH CI + SG RP And you know that point.

I I should have just walked away because I was starting to feel frustrated. You know, having three losses in a row and giving back your whole day of profit is really frustrating and I took one last trade and that was on. MTP This one also squeezed up, got halted I got in after the halt and you can see here: I got in at 63, 62, 63 I got a little slippage on my entry and then it came all the way back down to 210 I stopped out at 206 I lost 2,800 bucks on that one. So that was the fourth loss in a row and you know at that point I was just like I'm done for the day this is I'm just feeling really frustrated and you know I've had days where I lost more than 3,800 bucks and I didn't feel frustrated at all because I just felt like you know I got into something and I stopped out right away and it just was a big loss.

but whatever today I felt really frustrated and I think it's for a couple reasons I felt frustrated. Number one because I had my daily goal I was up 2,000 bucks and I gave it away. So number one I had it and I gave it away. That's really frustrating.
Number two: I was wrong on four trades in a row, which just at a certain point gets very frustrating by itself. and number three, three of those four losses were big losses because I got caught in stocks that were really extended right at the tipping point and then they had that big drop. So you know today's a day where I wish that you know I really wish that I just said I'm down $265 I'm just gonna be done trading for the day I'm not I'm not even I'm just done because the very fact that I had my daily goal and I gave the whole thing back. how many days do you think I've had my daily goal, gave the whole thing back and then went back to being at the daily goal versus how many days I did something like this where I went back to break-even and then I just went further into the red I just wished that I'd I just walked away and so I'm frustrated number four with myself for continuing training even though it was choppy and I should have just I should just walked away.

So I'm really frustrated I don't I hate starting a month in the red I hate starting the are in the red. So now I'm in the red on the year. Whatever. it's the first day and 3,800 bucks.

The big picture is the money really doesn't even. It's not even the money. that's as much of an issue because that's only giving back one day of profits gave back the profit from Friday. It's more of the frustration of those four points that has me a little irritated, but you know that's that's just the way it goes.

And we had an amazing month last month. eighty four thousand dollars in profit in December and you know this is a different start to 2018 than I had for 2017, but just a reminder that you've got to stay focused and I should have been scaling down on my share size as I got further into the day not increasing my size and so that was a mistake. And today I just I just wasn't as focused and wasn't as disciplined as I should have been. And maybe it's being kind of.

You know, whatever. A little lakhs of days ago after coming back from a three-day weekend and just not as focused today. so the market will always remind you if you're not focused that you've got to get focused. So tomorrow we'll be back at it.

and you know my account is in the small rates. You know I'm at $35,000 this morning. I'll be at 31,000 tomorrow. so you know I'm I'm really got to be very smart I can't have multiple days like this or I'm gonna go below the PDT level.

you know I've got to get myself back into the green and dig my way out. So I really congratulate those of you that made your 2,000 bucks on Bu RG and walked away I know John Elton he's up 3,600 bucks today and you know why it's cuz he took his profit on Lte-a and then he didn't trade this crap. but actually he might have traded. CCH I had made a little money on it, but he didn't chase them so high as I did.
So you know that's being a little too aggressive and not following your rules can really quickly put you on the other side of the you know, the PNL line. So anyways, that's where we're at here today. Not the way I was hoping to start the month, but you know we'll get back at it, you know, first thing tomorrow morning and hopefully we'll have you know a couple of you know really good traits in the morning. The first couple trades you know are the ones that are most important.

so hopefully we'll have a couple of good ones to start the day tomorrow. All right. So anyways, that's it for me and I'll see all of you guys first thing tomorrow morning. Oh hey, I didn't see you there.

Well I was just working on the dream board for my next home run trade. Hopefully it comes soon. Until then, Make sure you subscribe to get email alerts anytime I Go live or upload new videos. Until then, happy surfing!.


By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “Day 1 of 2018! day 237 of the $1mil challenge”
  1. Avataaar/Circle Created with python_avatars Hola! The Other Kevin says:

    Red day for me too Ross. -$22 from my starting balance of 1K

  2. Avataaar/Circle Created with python_avatars ClickFeedVideo says:

    How does the money you make get to your bank account?

  3. Avataaar/Circle Created with python_avatars Nick M says:

    On a trade like BURG in the video, after taking profit the first time what was the deciding factor to jump back in a few more time over a few minutes? Was it the volume and price action, and the move was backed by news? Trying to figure out how to determine when there is more meat left on the bone so to speak

  4. Avataaar/Circle Created with python_avatars Night King says:

    Thanks for keeping it real Ross

  5. Avataaar/Circle Created with python_avatars David Zemke says:

    Ross… you always do such a nice job of supporting others. Keep up the great job you are doing… I'm sure you have run many forms of step wise regression. I have a more robust method of analysis (used on my wife's PhD). Let me know if you want to chat. All the best

  6. Avataaar/Circle Created with python_avatars Bertram says:

    Would love to see more live trading this year! 😉

  7. Avataaar/Circle Created with python_avatars R S says:

    Ross, do you sometimes lose on purpose to make the rest of us feel a little better about ourselves?

  8. Avataaar/Circle Created with python_avatars Richard Jackson says:

    not sure you need to beat yourself up so much for something that isn't possible to control. Did you control your loss to an acceptable level? yes so you did your job.

  9. Avataaar/Circle Created with python_avatars MY MAG says:

    Dont Give UP !!!!!!!!!!!!!!!!!!!!!!!!!!! I'm thinking of joining your trading system :)))

  10. Avataaar/Circle Created with python_avatars Ketan Ramteke says:

    My first trading day was in red too. after two bad trades I was done for the day .

  11. Avataaar/Circle Created with python_avatars Dg 27 says:

    Happy new year ross . Green soon im sure

  12. Avataaar/Circle Created with python_avatars Topnotch Sir-c says:

    If you get in during the one minute candle how can you get in before it tops out or reverses direction? That's the problem I'm having and it's causing me to lose money. Timing is everything!

  13. Avataaar/Circle Created with python_avatars Movieaire says:

    You'll bounce back, Ross, as always. Just always remind yourself of what you teach your students. There will always be another train coming so you'll catch the next one.

  14. Avataaar/Circle Created with python_avatars M. Alan says:

    Ross man, you have a habit of doing foolish things on the first day of the year (per yourself)… let the engines warm up a little bit before going full throttle… see you in the chat room tomorrow!

  15. Avataaar/Circle Created with python_avatars fox13z400 says:

    Ross I have a question for you. I have been looking at the trade ideas pro scanning soft ware based on your recommendations. My questions are have you used there standard and premium versoins? and if so which do you feel is more worth the money? I was unsure exactly which of the scanners that we see you using in your videos actually come with the trade ideas pro. But more then anything I would like your opinions on the two versions (regular vs premium). Thank you in advance.

  16. Avataaar/Circle Created with python_avatars Alexander Golovin says:

    Trading gives me depression sometimes

  17. Avataaar/Circle Created with python_avatars Chef Dipa says:

    Ross I think your honesty is the reason why a lot of new traders following u … great video as usual and happy new year to you & the teamsters 🙏🏼🙏🏼🎊🍺🎈🍾🍜🍨🥂🍻🍸🍶🥃🤑🤑🤑

  18. Avataaar/Circle Created with python_avatars SexAddict says:

    Killed it two weeks ago on ipwr.Swingin trvn since friday, as well as pulm. Killin it again with trvn. See you guys tomorrow morning👊

  19. Avataaar/Circle Created with python_avatars Douglas Lee says:

    Oh hey I didn’t see you there 😂😂😂😂

  20. Avataaar/Circle Created with python_avatars Blake Alger says:

    The 1080p upload quality is night and day difference. Thanks Ross.

  21. Avataaar/Circle Created with python_avatars Mr. White says:

    Thank you for being transparent. It would be nice to see Ross back under $1000…….Return of the sniper.

  22. Avataaar/Circle Created with python_avatars Jiri Zhanel says:

    Sometimes, it's hard to walk away.

  23. Avataaar/Circle Created with python_avatars Jay says:

    when your up nearly 10% on a modest account, I say take it but we're only human, take some time to reflect and come back refreshed tomorrow

  24. Avataaar/Circle Created with python_avatars J CRIS says:

    Small red day for me too 🙁

  25. Avataaar/Circle Created with python_avatars Owen Jeremy says:

    I made 200 bucks slow and steady you will be ok Ross you always kill it man don't stay greedy win and pull out.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.