To learn more about Ross's 2021 Small Account Challenge click here
πŸ‘‰ https://www.warriortrading.com/small-account-challenge-2021/
Curious about my trades❓❓ If you have questions πŸ€·β€β™‚οΈπŸ‘¨β€πŸ’»πŸ˜‰β“β“ ask them below!Β  I respond to every question posted on my channel.
You're 7 Steps Away from Learning About Day Trading
1. Your first big step to learning about day trading πŸ“† ⏰ is to register for my next FREE Day Trading Webinar πŸŽ₯ πŸ“Ί πŸ‘¨β€πŸ«When you register, you'll get a free digital copy of the best-selling book (best-seller on Amazon) titled "How to Day Trade" by me, Ross Cameron! πŸ“š - https://www.warriortrading.com/free-day-trading-class/
2.Β Frustrated by the PDT rule? ❌🚫 I know I am! Check out this link to read about how Day Traders with Less than $25k can trade πŸ†πŸ₯‡ - https://www.warriortrading.com/how-to-day-trade-without-25k/
3. Don’t understand the lingo? πŸˆ΅πŸ’±πŸˆ³πŸˆ―οΈ Learn the most important day trading terms & definitions on this page here - https://www.warriortrading.com/day-trading-terminology/
4. I started with less than $1000 and turned it into over $1mil πŸ’΅ πŸ’° in trading profits πŸ‘€ - https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/ Remember, my results are NOT typical. Day trading is very difficult.
5. Okay, so I make money...But here's the big question, do any of my students make money?Β  Check out this student success story about John's path to making over $500k πŸ’°πŸ’΅ since he learned to trade my momentum day trading strategies. John's results are NOT typical and are not intended to be a representation, warranty, or guarantee that simliar results will be obtained by you - https://www.warriortrading.com/success-stories-john/
6. Are you ready to take the LEAP? πŸ€Ύβ€β™‚οΈπŸ€Έβ€β™‚οΈΒ  You can watch me trading every morning in our day trading chat room. πŸ‘¨β€πŸ’»πŸ‘©β€πŸ’»πŸ–₯ - https://www.warriortrading.com/day-trading-chat-room/
7. How many monitors is too many monitors?Β  Check out this video here on setting up your first day trading station πŸŽ™πŸŽ›βŒ¨οΈπŸ•ΉπŸ–₯πŸ–₯πŸ–₯πŸ“  - https://www.youtube.com/watch?v=1VPQURM9C3g
Disclaimer: https://www.warriortrading.com/disclaimer
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

What's up, everyone? All right? So here we are: Monday morning and no trades in a small account today. I didn't see anything that looked quite right. The two stocks I traded in my main account both higher priced. Sgoc was the biggest winner over 20 000 in profit.

I'm gonna break down on the watch list as always questions, comments, leave them down below and a reminder. in case you already know, trading is risky. Most beginner traders lose money. Even experienced traders have periods where they lose money.

Some are not ever successful and so you should assume that since trading is so hard, you should trade in a simulator before you ever put real money on the line and prove you have what it takes to be profitable, right? If you can't make money a simulator, you got no business trading real money. So start the right way by trading the Sim. Hope you guys enjoy the recap and I'll see you first thing tomorrow morning. Hopefully tomorrow will be day one of the No Leverage Small Account challenge.

All right, I'll see you then. All right everyone. Uh, well, that's it for me here. Uh, it's 10 a.m shutting it down up 21, 157 and 42 cents.

No trades in the small account today. Just traded in the big account. Uh, the stocks I trade were higher priced. Neither felt really quite right for the small account.

Although you know of course in hindsight, Sgoc did make a big move, but with bigger spreads and the higher risk of because of those bigger spreads, it goes the wrong way. I just didn't have the risk appetite to take that in the small account and today's date would say was going to be day one of the small account with no leverage. Uh, which would have meant at most I could only probably bought 175 shares or something like that of Sgoc. So you know, as it turns out, yeah, I could have made money on that.

But in any case, I think that it was the right move to to wait on it. It was the most obvious gapper today. Um, it was Tpst and Sgoc. These were the two that I was honing in on.

Now Mtsl was a possibility, but I wasn't really sure because it already had a lot of price action and I sometimes feel like these sort of continuation stocks, especially one that has a history of that kind of reversal. you just want to be careful chasing it. So um, so in any case, no trades in the small account. but in the big account up twenty thousand, twenty one thousand bucks is a great day.

Sgoc. Uh, you know we got some nice trades at the open. Very nice trades. I jumped in for the breakthrough.

Um, the pre-market This little pre-market pivot which was 17. I bought 20 000 shares, average was around 18. we got to squeeze up to 19 57. I was taking profit into the squeeze.

Then on resumption of the halt dip and Rip sold all but 32 shares in the second halt and then was holding 32 shares in the third halt which was coming back down and tried to average down at 19.. Well, I wasn't really averaging down. I was trying to buy 3 000 shares, two orders of 1500 shares for a bounce at 19. it hit 19 1870, then 2054, it would have been up a dollar a share.
but then it came right back down. And now at this point it's 10 a.m And I think that the clean trades, the Gap and Go trades, the trades at the Open are done. so I feel like this is good enough. I don't need to do anything more today.

21 000 is great. I am shutting it down and I'm going to close my charts so I don't get Fomo and get tempted to go back in. for you know, a second trade on something, so I'm going to be grateful for what I have. 20 thousand dollars is good and now you know it's uh, a little disappointing.

I didn't get anything in the small account today. Um, you know, some days are like that. It's also a little disappointing that I didn't make a little bit more on Sgoc. considering how much it moved and how big of a position I had.

I feel like I could have had a forty or fifty thousand dollar winner on that. But at the end of the day, you know, let's let's get real twenty One thousand dollars is fantastic and that actually my daily average this year is right around twenty thousand. So I hit the daily goal which is 20 grand and hey good. another good day.

I'll be back at it tomorrow, Hopefully tomorrow I will be able to get some trades in the small account. I didn't trade on Friday either in the small account because as it turned out, the gappers I just didn't think were the right price. So I think that this part of the small account strategy, um, one trade. Uh, wait.

what did I say? um, one trade a day is the small account way. Uh, and I think that also, if there's nothing that is really quite right for the small account, it's okay not to trade. I had said that I'd prefer stocks between like five and ten because with a small account that would allow me to sort of take the biggest position and it's more likely or a little easier to get a ten percent winner on a five dollar stock, it only needs to go up 50 cents versus a 10 winner on a 20 stock. You know, two dollars a share? It just that that takes a a much stronger setup.

So in any case, um, one trade a day. I'm happy with that uh approach for the small account. and if there's nothing that looks good, I think it's better to trade less and then the alternative for you if you're in a small account is to practice in the simulator. You say? okay, you know what? This is a day where the risk is just too high for small account.

I'm going to practice in the simulator today, so I'm going to still, you know, clock some hours, get here with some screen time, and you know, practice what I'm learning. But based on my account size and risk tolerance, I just can't trust this one with real money today and that's fine. That's totally okay if that's the case. so doesn't mean it's a day that you you don't gain anything, you can gain experience if you can't gain some trades with real money because you can still train the simulator.
So a short recap. That's it for me. Thank you guys for tuning in and hopefully tomorrow is gonna be day one of my, uh, new small Account challenge which will be uh, no leverage. So my small account challenge not using any leverage? All right, I'll see you then.

I hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help. So please please please hit that subscribe.

By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “+$20k on sgoc on the gap and go trades! | recap by ross cameron”
  1. Avataaar/Circle Created with python_avatars BigHomieCed says:

    I just bought the Pro Warrior course …! Let's get this marathon going …!

  2. Avataaar/Circle Created with python_avatars Vachy Vachy says:

    Ross when will you be doing your morning watchlist live stream? Would be nice since you started a new small account challenge

  3. Avataaar/Circle Created with python_avatars Stefan Gauci says:

    Trading what we see rather than what we expect. Great at having the discipline to stop trading.

  4. Avataaar/Circle Created with python_avatars Penny Dick says:

    Hi, I'm a new trader. Watching your old videos I've found that small cap stocks trading volume in the past was much less than that right now. Is the volume much higher now and is that why you can take bigger positions and make bigger profits than you could before?

  5. Avataaar/Circle Created with python_avatars Jared Rogers says:

    We’re seriously going to witness this guy grow to +$1 million dollar days. Just incredible

  6. Avataaar/Circle Created with python_avatars john dalton says:

    20GS LMAO i wish. i pulled 42 bucks from SGOC at least i didn't lose any money today. small account here. bought 100 @ $23.58 i try to only trade half my account per day. a win is a win

  7. Avataaar/Circle Created with python_avatars jits1011 says:

    Just curious I'm not familiar with lightspeed but I'm almost able to open an account with them. I know you use hot keys to place order but when you are buying are you placing limit or market orders? haven't been able to see your buys in the UI and was just curious

  8. Avataaar/Circle Created with python_avatars 72311A says:

    CETX and AEHL were excellent low price Gap n Go Small Account stocks….. your mind is just not into doing the Small Account Challenge I think.

  9. Avataaar/Circle Created with python_avatars Front Line Media says:

    Explain this to me. A small account with cash, less than 25k, can only do 3 trades per week. Is this right, or am I getting something wrong.

  10. Avataaar/Circle Created with python_avatars CMShortboy says:

    No trade is still a strategy! Means there wasn't anything within your means to go after. A good lesson of patience and risk management.

  11. Avataaar/Circle Created with python_avatars jude munalem says:

    It’s out of the blue and as one of your die hard fans may I suggest you post the first 3 days of your live trading on the small account (real) challenge for all of us to see please. It would be a very big help to people like me.

  12. Avataaar/Circle Created with python_avatars Brian K says:

    Ross don’t know if you know monkey trader has challenged you to a small account challenge

  13. Avataaar/Circle Created with python_avatars P N says:

    I traded SGOC with 2000$ made $950 and shut it off. Last week I kept going back and forth and ended losing a lot. I think if one is starting one trade a day is enough because you can end up making $500 a day which to some one like me is fantastic.

  14. Avataaar/Circle Created with python_avatars Hola! Miguelon88888 says:

    Hi Ross, I got your beginner course a couple days ago. What tips do you give me to learn and get the most out of your program. Thank you.

  15. Avataaar/Circle Created with python_avatars Alaa Elmansoury says:

    i have a small account and my target and focus today was on SGOC
    i entered at 20$ with 20 shares and exit at 23 $ ( was a little bit scared in between but tried to be patient) then i got another 20 shares at 23.5 $ ( max of buying power, bad move but the indicators were promissing) and got another profit at 26.5$ πŸ˜€
    i think it was good enough for a small account πŸ˜€

  16. Avataaar/Circle Created with python_avatars AbandonedCranium says:

    I had a OTO buy order placed this morning (~5:30am) for CEXT at 1.68 entry, with a subsidiary sell (take profit) order at 2.50
    The parent order never triggered for some reason. I'm not sure what limits there are on order types for pre/post hours.
    It is hard to trade when I'm still working a day job and cannot look at a computer screen or my cell to keep an eye on my positions. 😟

  17. Avataaar/Circle Created with python_avatars AbandonedCranium says:

    I wish it could be "One trade a day keeps the tax man away".
    If only… πŸ€”

  18. Avataaar/Circle Created with python_avatars Kevin Davis says:

    🐐🐐🐐🐐🐐I traded MTSL on the first move this morning and hit well over my max profit so I stopped an hour before the market opened!

  19. Avataaar/Circle Created with python_avatars jason mekush says:

    Warrior pro alumni here : SOGC entry point : 09:24 am sold into rise into the first halt, 400 shares worth. What he teaches through his course is well worth it. The broker I used today is one he recommends. Very pleased with my over $ 3,000.00 i spent for the Warrior pro course.

  20. Avataaar/Circle Created with python_avatars Ian Groom says:

    What's a good simulator?
    got the ninja trader demo, but don't really know.

  21. Avataaar/Circle Created with python_avatars TraderRoss says:

    $SGOC was on fire. Took two small green trades on my small account. Switched to paper & watched price action & did some nice PT.

  22. Avataaar/Circle Created with python_avatars curtflirt2 says:

    YEAHH, this stock is on fire, it's perfect for Day trading right now, it's been like this for like the past 3 days or so

  23. Avataaar/Circle Created with python_avatars crawl 1 says:

    Did he say he bought 20.000 shares by around 18? πŸ˜€ 360k so 21k win is about 6%?

  24. Avataaar/Circle Created with python_avatars BoostedDrummer says:

    Ive taken the one trade per day approach for a little over a year now. My goal has been at least 1% of my accounts total value per day in profit. Even if you only make $20 on a trade, thats $20 you didnt have before.

  25. Avataaar/Circle Created with python_avatars Hugh W. says:

    Hi Ross. Looking forward to your challenge. I was watching Monkey Trading and he is having his own small challenge. All the best Ross the legend.πŸ†πŸ‘

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.