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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/
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Warrior Trading // Ross Cameron // Day Trade Warrior
What's up everyone? All right? Well, I'm wearing all black here today and I'm mourning the loss of normal markets. This has just been totally crazy today. market down almost 6% at the open bounce back up and then during the White House press hearing or press briefing whatever it's called rolled back over and ended up halting down 7% for 15 minutes. It opened and came back down a little bit more.
My biggest winners Today we're trading the Sp500. It's very unusual for me to be trading the S&P but you know that for me was what was working my trades on AP AARP or a PRN blue apron and a couple of really nice trades. but you got to watch out for that stock because it will punch you in the face when you blink. And it got me yesterday.
and it got me twice today. So I'm read on it. There are a couple other small caps that were good and I made some money on. but what really saved the day today was trading the Sp500, which is far outside my typical wheelhouse, but this is a market right now that is giving us the opportunity if you are interested to venture a little outside your comfort zone and test the waters on some of these large caps or indices because they're so volatile.
On a typical day, the Sp500 wouldn't move enough for me to make enough money on it to be worthwhile, but on these days it's moving a lot. I mean up 6% down 6% It's crazy. I Do feel like the last few days have been a little stressful just because of the few surprises of all the sudden: taking a quick $0.50 per share loss on something and then having to spend trying to either recover that or just accept that. I'm red and I I think that tomorrow and Friday what I'm thinking is that I want to kind of focus on precision and rather than taking a ton of trades, really, just take a breath for a moment before the bell rings.
I know what my A quality setups are, wait for something to start moving quickly and then by the first pullback if I can make $1,000 1,500 or 2,000 in the first 30 minutes with precision, I'm gonna walk away and I'll just trade for half now because today I'm up 2,900 bucks. But you know again, I spent a lot of time sitting in front of the computer. I was green and I was red. then I was green and I was red.
Then I was green and I was breath and I was green. Yesterday I did the same thing but I ended red and it feels like this is a market to survive tea or to you thrive because it's just crazy right now and things will return to some sense of being normal. But if you can just get through it, that's the first thing. If you can get through it and make some money, that's good too.
And I've been making money over the last nine days. but - The loss yesterday, but otherwise it's been Green eight out of last nine days. So you know I think that right now, trading less is better even though it feels like there's a lot of opportunity. and then I'm leaving money on the table I think that if I can just get in there, get a little piece of profit and then walk away, I'll be better off for it. So I'm gonna try to do that tomorrow. Don't hold me to it I May. but I'm gonna. That's what I'm gonna set my intention for and hopefully we have a couple of good stocks like we had today.
We had two great ones today. one was up 350 percent, another was up 150% There's some great small caps and then some good action. Good action on the large cap, so very interesting day. But as always, if you have questions and comments on today's recap, leave them right down below and I'll be back at it first thing alright everyone.
so we're gonna do our recap here for today. What? I mean what a wild day in the market I've got a PD n up right now. No trades on it I Was just watching from a sidelines. halted once going up.
second time, third time, three halts in a row going up. All I can do on this is watch from the sidelines I'm not not gonna trade it SP 500 weak pre market the bell rang. it started to squeeze up and we had a couple nice trades on it and then rolled over here and during Trump's press press here a White House press hearing we actually halted going down. so market halted for 15 minutes as it was down 7% Right here resumed and came all the way back down to 228.
Really big drop. So today was a continuation of kind of wild trading on my part. This is where I'll sit here at the end of the day up two thousand nine hundred seventy dollars 67 cents. The majority of my profit came on SP excess which is shorting the S&P 500 and I shorted that right here actually for this flat bottom breakdown right here.
So I was holding into the halt going down and on resumption I covered as it are, I sold for profit as it was dropping right here. I Had a couple of other trades this morning and you can see my biggest loss was on a PRN I was super super frustrated after that loss a PRN this morning I mean it's unbelievable that I managed to be read on it even though it is currently up 127 percent, but this was this was how I traded it so out of the gates it was a gapper and it was the second leading stock on her gaps can next to BM Ra B MRA I'm up 2,700 on some nice trades on this and a beautiful break of V wack right here that I did quite well on. so BM RA it did well on. we'll cover that one in a second a PRN So frustrating right out of the gates.
My very first trade on it was a long right here. the break over 940 I Got in right here thinking that this was about to break the half dollar of 950 and then we would red to green and squeeze up to $10.00 which was the pre-market high. I was wrong. it dropped down to 880 and I stopped out for a $1600 loss and I was just like man this stock is not easy because it got me yesterday.
It got me got me badly yesterday. so then it comes back up right here and comes back up right here and I was like all right, forget it I'm giving it another shot I got back in right here and stopped out a second time. You got to be kidding me down $1,900 It then comes back up and as it breaks 950 I Got back in a third time but with small share size because it had gotten me twice in a row and I was like I'm gonna go back for a third try but I gotta take it easy on this. Got back in for the third try. it squeezes up to 990 and then drops all the way back down to 880. I managed to make money on it, but at that point I was like I was just feeling really frustrated. Comes back up right here and as it breaks 10 right here I was like alright I'll give it a stab but again, this stock is just so choppy. I got to go Small small-sized stabbed right here.
Made some money alright. it pulled, it doesn't really pull back, it just kind of squeezes up. but I made some money right there. I was still red on the stock by about $600 but at least was making back some of the loss.
Then we got a break right here as you can see and let's pull this back out so we can see all the way to the top of this move. Alright so this is the very top of the move. so I got back in it right here for the break of 1550 and that was picture-perfect squeezed up to a high of 1608. As you can see, we had a 5-minute circuit breaker hall.
It resumed and surged up to 18. It did a pullback I added right here now I started trading with larger size I was green back to green on the stock and right up here. I took my last trade and I added I went long anticipating the break over 950. This was the second one minute pullback after the five minute break out.
The first one was right here and this was the second one. I bought 3000 shares and then it dropped to 1750 and I lost everything that I had made on it and was down five thousand dollars and I was I was down five thousand dollars on that stock on the day I was down three thousand two hundred and I was just like man. all right I got a step back I gotta walk away so that was it. What time was this? 11:59 so that that was so frustrating for me to have the right idea early on to get chopped out twice and then really a third time, then finally to have it break out but not trade it with big enough size that I made decent money, then to get back in here have a nice trade.
finally break of 1550. a beautiful trade and then that last that last trade and look, you can see in this one-minute candle this dropped from a high of 1925 to a low of 1750. so it smoked me out the same as it did yesterday and I just I'm gonna be ashamed at how I traded this. So I was up about twenty-five hundred dollars and then was down thirty two hundred.
which is it's never fun to have that type of swing in the PNL and from there I was like alright. well I was read yesterday now I'm read again today I'm not even you know I was kind of like I'm not sure what to do I had another trade on Gr Il Grill I lost on it yesterday I lost on it again today. My trade on it was right here and it of course ended up coming up and squeezing all the way up to five ten a little later. but I didn't trade that. one of my nice trades AG o Eight hundred and seventy dollars I said at a certain point I was like you know what I'm gonna step back on small caps now Meanwhile, I did do well on B MRA but I was like I'm gonna I'm gonna focus on the overall market. let's watch APD in here. APD is resuming from the hall 725 the first halt going back down. look out, it'll most likely gap down I'd probably be.
you know, short bias up here if I'm gonna be honest because if it halts going down, it'll most likely gap back down to six halt levels at six thirty. So anyways, just focus on something else. So AG o AG o so AG o This ended up being a nice bottom bounce trade. so let's look at the one-minute couple nice bottom bounces on it actually.
I took this one right here. so I was just looking for the first Campbell make a new high. It's a bottom bounce setup and I jumped in right here. At 1746 it popped up to a high of 1838.
It's a dollar a share made 870 dollars on it. Nice clean trade cof cof cof this was another bottom bounce I lost 368 on it I took a stab. my first stab on it was right here and I was wrong but it did end up bouncing I was just a little early so I cut the loss quickly and I didn't get back in. Let's see Vic's NCL h NC LH that was another bottom balance attempt fix I took a couple trades there.
unreal action on VIX as the market was selling off from 71 all the way up to 78 dollars a share. Really incredible and I had a trade on it earlier and that I didn't go back for it. so let's look at em. SP excess and Spxl you can see I'm green on both of them.
so this was trading the S&P 500 SP 500 is this symbol s py and out of the gates. The first trade I took was long spxl I was expecting the market would bounce out of the gates and on that very first trade actually made $1000 So Spxl is the first train out of the gates. I was long at 2130 and so we can go back to this back to the open. So I was long at 2130 which is right down here and we got a nice squeeze here all the way up to 22 86.
so that was my first trade right out of the gates spxl. it was very clean. Nice trade and I then switch gears and trade the small cap stock by trade be MRA I traded pic CPI XY g r IL a PRN and then wild Trump was doing his White House press briefing I was watching the overall market and so what I was doing was I was looking at the market right here and we had this bottom that was kind of forming right in this area. so I was like alright what's the level here So I was like the level is kind of around thirty seven to thirty seven fifty So over here the market came back down and tapped 37:58 bounced up off that level and right here is it started to roll over.
I was like alright now we've got a very clear, well-defined flat bottom. This is a flat bottom setup the markets at the lows. Trump's doing his speech and the you know market seems to be not taking it well. So I was like all right I'm gonna I'm gonna buy SP XS so when I buy SP XS it goes up. When the market goes down you can see it's up 23% today. So I bought SP XS and the market drops right here and then was halted for 15 minutes. halted on a market wide circuit breaker hawk because the market was down more than 7% so I was holding the trade. The market resumes pops up for a second and then flushes down I covered or I sold for profit.
So during that time SP XS was a flat top breakout as you can see right here and I was in at 24 44 and then we got the drop here on the resumption and then that squeeze all the way up to $25 Then what I did was I switched gears and pulled up Spxl cuz I was like alright At this point the market sold off quite a bit and I bought SP Excel at nineteen dollars and six cents. that was right here as it was bouncing up. This ended up being a very well time to entry on bounce as Spxl bounced all the way up to twenty dollars. I did however earlier had a loss on SP Excel which was right here where I actually went long I thought the market was about to bounce right here and I stopped out as it dropped right here and I gave back what I had made on in the morning and actually went red on this P Excel So I wasn't picture-perfect today and you know in terms of over trading and and and sort of following the rules of max loss and things like that, we're definitely in a market where if I stick within the rules of my typical momentum strategy, especially for small caps, which is trading stocks between one and two and ten dollars.
Generally, the only stocks that fit into that category today was BMR A until it broke 10px. Why until it broke Ten which was pretty impressive GRI L And and that was it. So one let's see two says three thousand dollars of profit and then this gives back twelve hundred. So about eighteen hundred dollars of profit on stocks that were within my my wheelhouse.
But it it's It's challenging because I Feel like on the one hand, this OP this market is giving us an opportunity if we're interested in branching out a little outside the strategy which would be to take trades on the SP 500. Given the fact that we're seeing record amounts of volatility and high amounts of volume, the patterns that we typically would only trade in small caps may resolve better in the SP than an average day maybe three months ago. So the only thing is that it requires getting to know some of the financial instruments like SP SP y, SP XL SP XS and learning how they trade or the VIX and learning how the VIX trades and how sometimes the VIX trades not directly inverse to the market. it sort of diverges and does something a little different which can be difficult. Or perhaps that this is a good opportunity to sweep up a couple bottom bounce trades like I Got on a Geo and and this I mean honestly, my bottom bounce on S S Pxl was from 19 up to 20. This bounce from 14 up to 19 dollars. So choosing a stock for a bottom bounce you don't necessarily have to trade the market. you could just look at which of the stocks on our scanner our most extensive downside and then choose a bounce based on that and that may in some cases be easier or better than trading in the overall market.
But the one bounce I tried to take on NH NC sorry NC L H was a lower price stock and I was like oh, I think this Norwegian Cruise Line Holdings might bounce here. that was down at 795 right here you know and at that point I was like this thing is really extended to the downside I mean it really looks like it's kind of it's gonna drop but you know it dropped more so I was I was too early on that and the market started to pop. but this just really I mean it popped a little bit here, but not as much. so if the right stock can be a little bit challenging and I think that right now there is an opportunity to refine your skills as a trader by trading some of these things that typically you probably wouldn't look at, but right now are providing some some really great setups: a PRN a HPI some of these are higher priced and I've done pretty well on some of these higher priced stocks.
Look at that break out there I mean that's a nice break there. 17 all the way up to 20 bucks. so Some of these have been working out really well I Think one of the challenges definitely is that when they start to get extended, you can lose track of how big the spreads can open up on these and how quickly they can whip against you and go red. So some of the higher priced ones can very quickly turn into big losses and remember yesterday.
what was it? BX what was the one? I trade yesterday BX I can't remember the symbol. it gapped up again today. I don't know I can't remember the name AP DN Yeah, that's pretty extended for sure. Anyways, some of these higher priced ones can just be B NT x let me try that.
Yeah, so beyond TX This one ended up hitting 104 dollars today. Unbelievable! BMR a squeezing back up. Yep, Also, look at that. So our high a day on this that popped there to 1040.
Boy, look at. let's look at that on the one-minute chart cuz that looks nasty. It popped up to ten forty and then flushed down to nine. A lot of volatility and today I started green on S Pxl and then I went red on a PRN it was down a thousand bucks, made my way up to $2,500 and then was up 3,300 and then was down 3200.
Thanks that loss on a PRN from down 3200 I Started working my way out of the hole taking trades on the SP SP XL SP excess and now I'm up 2900 it's been. It's I would say that it's been a little bit of overload the way I've been trading the last few the last few days trying to trade the SP trying to keep track of SP y SP x as x SP XL keeping an eye on the VIX VXX Sv XY staying tuned for the press hearings from the White House Watching whichever small cat may be moving like blue apron a PRP and a PRN BM are a grill, you know it's There's so much moving right now that it does feel a little overwhelming and I would say today, you know if I could have made my $2,500 which I was up 2500 before that last trade on a PRN and just walked away. On the one hand, I'd be up almost the same as what I am now except with less time in the market. but on the other hand, I would have I would have missed the the really good opportunities that did present themselves on the SP, the drop here, the flat bottom breakdown and then the bounce off the lows. Those were two great opportunities. The challenge with continuing to trade longer and longer into the day is that with every trade you take, you are exposing yourself to risk and that trade that I took on I Don't know where it was the camera now, but wherever somewhere in here or up here I guess it was thinking the market was about to bounce I mean just like that I jumped into it and then I with these I've been generally star with 2,000 shares and then going up to four thousand, six thousand or up to eight thousand and just like that I was down 40 cents and I was like oh my god just like that I went from up 2500 on the day to break even and or whatever it was at the time. you know I mean it's just it's crazy how fast that can happen. So oh I don't know what the right thing to do is I think that generally I have found that I do better when I trade less but it's been a little bit hard to find clear direction today just because or these last few days just because there have been so many different things moving.
and then when I get read: I'm like, well I'm read okay I'm down a thousand bucks I know there's gonna be more opportunities so I just have to dig in and wait for something to pop up and I was able to dig myself out today yesterday I couldn't do it yesterday I closed down 1600 dollars but today up 2,900 I don't know I look forward to markets that are a little bit smoother just because this has been so volatile. It's not that I don't like volatility because I do. It creates opportunity but there's so much opportunity right now and so many things moving that it's hard to know which one to focus on. And sometimes VIX you know all of a sudden makes a huge move like it did here today.
It just totally opened up and while this was happening, the market was dropping. but this was going up much faster than the market was going down. and then notice here the high on VIX was at 1:15 Let's look at the low on the spy below on the spy was it 230. All right.
So we had. this was where VIX peaked. So then when the market rolled over and actually went to the new low VIX didn't go back to new highs so it was a divergence there. Those types of things can get very frustrating when you're like what is happening I am trying to trade the VIX the market is hitting lower days. why isn't VIX going up? This doesn't make sense right now. Sometimes it doesn't make sense and it's challenging. so it's a lot to watch I mean between on this side of my monitor I've been. so let's do this this side over here.
I've been watching Spwhy and Spxl and then I switch between Spxl and SP XS 10 second 1 minute 5 minute trading. The 10 second chart in the S&P 500 is ridiculous because it's so choppy. but when you're looking for a bottom bounce, it can help give you that early indicator that the momentum is starting to change over on my other chart on the left. You know here in this moment I have it's also on spy and VIX but I'll switch this between VIX and then I'll look at TBI X and then I'll look at Sv XY and then sometimes I put my XP SP x S chart here or I put one of the momentum stocks the small caps.
You know it's just it's a lot to watch and I'm look at that back to Heights I'm regretting downsizing my monitors a little bit just because this is been a market where I feel like there's something that I I could use that extra monitor space. But but but typically I really don't need it and I think that the other side of it is that you know what is it Really worth it? It was it. Really worth trying to watch 17 different charts and 17 different level twos. I mean I was up 2500 this morning after 30 minutes of trading and then I went back for what back to the well that one extra time.
So then I had to spend the rest of the morning digging myself out of the hole and that's not always a good thing to do because you can start to get emotional, you can start to get frustrated, and you can dig yourself a bigger loss. That's what'll happen most of the time, especially for beginner traders. I'm at a level in my own trading and this afternoon I didn't trade in a chat room I trade by myself I was just because I knew that the strategies that I was trading were not the typical strategies that I trade on a daily basis. They're not really a good reflection of the strategies that I teach I've been training for a long time I have some intuition about what things what will happen and sometimes I'm right and sometimes I'm wrong.
It's it's risky stuff and so I kind of was like you know what? I'm just gonna trade on my own for the next couple hours. So I finished in the chat room down after that last tree on a PRN and then I traded SP to make it back. but you know typically that's not something that that I would trade because it's it's outside my strategy. It's takes a lot of money to trade it.
Most of my trades today on SP excess and Spxl I was maxing out my buying power so I was putting a lot of money into the trades and you know it doesn't really feel super super worth it. I'm just I'm really just mostly bummed out that I screwed up a P a RP M a PRN that's that's the one that really disappoints me cuz I Just you know, but some stocks, all they want to do is you know, take you out behind the barn and punch you in the face a couple times and then it's just unbelievable how choppy some of them can be and and how frustrating it is. and then some stocks are easier. You know it's like you just sort of learn that some are cleaner. the breakouts are more predictable and ap are n although it had a couple of nice breakouts I mean it had a couple of real nasty drops early in the morning when I was first trading it and then right here and then right here and then here and then well this wasn't as bad I mean it did retrace the whole thing though. came back below view app. you know it's boy, it's tricky stuff so it's definitely a market where and then this is. This is one other thing that I'll have.
One last thing that I have been going back and forth between. Is it the right thing to be trading as actively as I'm trading cuz I'm you know I'm I'm getting in, getting out, getting in, getting out and sometimes I look at these and I'm like man, you know, look at you, you were in this thing down here at 10 think goes all the way up to $18 $19 and I got it and then I got out and I got back in, then I got back out, then I got back in, got back out, got back in, got back out, then I got back in and then lost $5,000 or it was even more than I was like 7000 and on the other hand, if I just got in and held, how great would I be and so I tried doing that on a couple of trades on Spxl and SP excess I tried a couple not as much today, but more yesterday where I was like, you know what I'm gonna get in and I'm just gonna let this thing work I'm gonna set my stop and I'm gonna walk away I'm not even gonna look at it, you know I'd come back and realize that it popped up 30 cents, 40 cents and with 6,000 shares I was up. you know, twelve hundred, eighteen hundred dollars and then it came all the way back down to break-even and I got out flat and that happened several times. up 30, 40, 50 cents back to break-even stopped down flat, back up, back to break-even back up back to break even so I was like forget, screw this I'm gonna get in I'm gonna take my profit and I'll get back in if I see another setup because although on the one hand it feels like it's less aggressive to just take one entry and just hold it and let it ride.
I Think it's more aggressive because you're hoping for a homerun and most of the time in most markets we don't get home runs. We get in. we're 20 30 cents. It's the right thing to do to take that money off the table and if the thing rips up another 40 50 cents and then pulls back fine I'm willing to get back in on the next pullback.
One of the things that is usually a good idea when trading that type of strategy is that as you're getting in higher and higher and higher, you reduce your share size so that you don't end up with 3000 shares at 1933 and then losing a dollar and a half a share or whatever it is. You know that because that's that's where you get into trouble. and and that's what happened to me today. and the reason that happened was because I was all of a sudden like wow, I'm making my money back on a PRN I'm doing really well here this is this is awesome. I'm gonna I'm nerv I'm gonna step up a little bit for this last trade cuz I think this thing's gonna rip over 20 and with 3,000 shares now I'm gonna get a nice 15 $1600 win and I'm gonna be I'm gonna be walking away up you know, four, five thousand on the day and then all of a sudden pull a rug out and you're holding a big position at a really high price. So you know the what I usually teach is to scale down after those first trades and sometimes I do that and sometimes I do the opposite I scale up and I'm like, well, I'm up 2500. Obviously the stock is moving quickly. I'm gonna I'm gonna let this ride a little bit I'm gonna throw a bigger position on and see if I can get a 50 cent 75 cent winner and sometimes I'm right on my timing and that's how I turn a day that's up four thousand, two up, twelve or eighteen thousand or higher and sometimes I'm wrong and today on a PRN I was wrong and on BRM A Fortunately I was right with the places I did it and I was able to have a couple of nice trades.
look at how many things are popping up right now. So overall market is bouncing. Spxl is going to be bouncing as well as Pxs is dropping. We've got five minutes to the bell.
Realistically, right now the SP is a green doji. High-volume this could be. You know this could be a reversal point. We'll see higher volume and Spxl it looks more like a reversal and Spxl because the volume Peaks here.
if volume was peaking like that in the SP I would be like mmm this might be a bottom, but it's actually on lighter volume on the SP So we'll see. um I'm not gonna swing trade anything I'm not trying to be a hero I just want to make my Mm a day and you know, keep keep on grinding so that's that's the game plan. Easy does it? This has been a tricky month for me. I had a rough start the first few days and I you know that's that's how it goes sometimes.
I would say trading again. it's in a lot of ways. it's a it's an easy job I was sitting in front of the computer. you know I don't have to be out working in the Sun or anything like that.
but on the other hand, that can be very difficult and the markets can be irrational longer than you can remain solvent. And if you are not tight about keeping your stops, you can't just say screw it I'm just gonna hold a PRN because if I was still holding this if I played that game, if I said you know what, screw it I I'm not selling this for a loss I Would you know there's no way I'm gonna sell this for a loss. All right. Well now I'm holding three thousand shares down. Four dollars a share down Twelve thousand dollars now. I'm a bag holder and that's how bag holders are created. You know it's it's It's when you get so stubborn that you're like forget it I'm not I'm down so much I can't even bear the thought of selling it I would rather hold it for the rest of my life and and that's emotional, you know? and I mean I'm not gonna say that I haven't been guilty of that in certain instances. but I I cut my losses.
The problem for me is that I cut my losses, then look back like let's just say a PRN Let's just say on this trade, for instance: I took a giant loss you know I Let's say I got in here and whether it would hit 1544 and then drop back down to twelve seventy seven. So let's just say I lost like ten grand on that I would have taken the loss and then when it came back up here. even maybe when it came back up here I might have gotten back in, then lost the second time or not gotten in on this and just been livid and and asked myself man, would it have been better if I just held this thing You know the whole time, but statistically, that's not the right I I know that that's not the right way to do it. You've got to cut your losses and if you're in a loss that's bigger than you thought your share size was wrong and that's one of my sort of you know biggest mistakes is that I sighs too aggressively sometimes and I get myself into a big drawdown you know? and this is my strategy of trading: I'm aggressive I focus on small caps I focus on stocks that have the potential to go up three hundred four hundred percent in one day.
this is up three hundred forty six percent I Don't usually trade the SP although today those were my biggest winners. But you know I trade these types of stocks and it comes with a territory that sometimes when you're trading these, you're gonna end up buying at the wrong spot and you don't want to hold something that's up three hundred percent. You got to cut those losses and then you know, come back in for the next try. But the approach of trading these types of stocks has been, in my experience, the right approach for growing a small account.
I Literally turned fifty five five hundred dollars into fifty three thousand in December right? I turned five hundred eighty three dollars into over a million bucks. And it was trading stocks like this. Of course there will be some read days here and there and on those days I may end up feeling frustrated and feeling like I just kept buying the tops and getting faked out. But the green days over the long term have always made up for it and they will fighting fo Mose It's a tough one, especially when we have some big movers like these.
But yeah, I mean look at P IX Y this when this halted coming back down I I would like I mean I I Don't know who was buying up here, you know I I Hope that it wasn't I'm but you know it may have been someone who gave in to FOMO Maybe it was a short seller from down here covering, but someone pressed the Buy button up here where there was a cover or a buy. Either way, you look at it, it was probably a loss, which is disappointing. I Try to capitalize on the FOMO that's in the market by riding momentum and riding stocks when they're irrationally strong and sometimes I do fall victim to it. so it's it's. kind of kind of the way it goes. All right you guys. So I hope you all have a great day, enjoy the rest of your afternoon and when back at it first thing tomorrow morning. Alright, see you guys later Bye everyone! Hey did you know every morning I Go live to stream a pre market watch list.
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Bio went from $23 to $6 . Do you think it will go up once it delivers the test kit?
Think trying to find the bottom during this market is not cool ross👊 why not focus on shorts😳
Great recap on your stock trades and providing the whole picture of you trading day!
I've been following you for a few days now and was wondering why some candles don't start where the previous one ended.
If I'm trading with a cash account, does it violate PDT rule to be using the instant buying power I receive from my broker after a trade?
Music?
This volatility has been crazy. With gold being down JNUG has been cheap to buy and scalp the move up for a few $ a share
Been trading my TVIX since just before all this started. Finally had some great consistency. Just sad to see so many people lose their livelyhoods.
Just remember, this market still has significant downside, don't get caught in a little 'bump' there are many dead cat bounces and bull traps to come!!
Hi Ross,
Got in @$20 BMRA , do you think it’s worth holding till tomorrow
I'm trying to figure out whether I'm more successful at trading the first or last hour of the market. Do you find you are more successful at the start or end of the day and if so why do you think that is?
Aprn is crushed !!!!!!!!!!
in the chat i saw Ross leave and said max loss.. did you/he come back and make it a win!?!?! did i missed the comeback?
what uk broker ? u lucky yanks help
Music in the first 4 minutes?
Hey Ross, great job man! How did you know spy was going to bottom bounce out of the gates? Was it news or what was your main indicator? 😉
I had exactly the same idea as you had on your first trade on APRN, I feel with you! Luckily I didn't lose that much money, sadly that's because I can't trade with as much money as you do 😀
I use the Russell 2000 for short trades at the moment because it's a little bit weaker.
APRN punched me definitely, twice! And eventually skyrocketed *facepalm*. Very, very grateful for your honesty!
Was thinking the same, but now may look at SYY, TDG. RTN .
my first traded was on BMRA los $-70 and traded APRN up $+320 and traded WTRH $-10 and than I stopped trading walked away. Ross what chart do use?
Piece of advice to european traders, since we are not allowed to trade indexes in the states for the last two years, switch to options for those.
👍🏼
I blew up my account yesterday 🙁
Hi ross, any chance you can do a step by step video on how to trade SPY and the DJI in theses conditions? Thanks
Hey Ross! Congratulations on your GREEN day. I am trying to purchase your book from Amazon but it says Currently unavailable.
I was smoked out several times too. Was down $150, made it all back to $43. At which point a little voice said just stop for today. Did I take notice? No, one more trade and I was down $160. With that I’m done for the day. Too choppy on arpn!
Hey what's up! Stocks going crazy but times are great!
Hey ross, from which broker did you trade S&P500, was it lightspeed or other broker ?
10 or so paper trades on APRN today. Account balance is up over 50%. Kicked myself all day for not switching to my live account, then kept logging into my paper account. SMH. Didn’t even get in on the halts… Thinking of dropping the account balance to zero on my paper account just to force myself to commit. We’ll see…