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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...๐
๐ฐRemember, day trading is risky and most traders lose money. You should never trade with money you canโt afford to lose. Prove profitability in a simulator before trading with real money.
โโMy 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.
โDo not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
๐ 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.
โ๏ธIf you donโt agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now letโs dig into some helpful information โฆ
Whatโs my story? โ๏ธ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here ๐ https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info ๐ 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 ๐ป Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? ๐ Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
All right. So I'm going to do a recap: go over my two trades for the day: I traded Pixie and Uu and I'm red 206.67 which is negligible. Uh, for me, it's a red day. Uh, which does make it my fifth red day in a row.
but uh, I'm not really I mean it's I'm not really worried about that. Um, so this is my week. Uh, it's not been great I started um on Monday going red well I went red on my first trade on Monday and then as you recall, I had that trade on Licn which was a lighter volume stock. so I went right on that one.
Tuesday was green on penny stocks but was read on a higher priced stock. uh Wednesday was also green on penny stocks. Um, no. I'm sorry I was green on penny stocks on Monday and Tuesday uh Wednesday I was read on a penny stock and then Thursday yesterday I went red on um oh I can't now I can't even remember.
Um, let's take a look. Am A.m right? right? The halt resumption yeah, so am Am yesterday got me pretty good. Um I got a little stubborn on it which didn't help. So yesterday we had this kind of round-trip squeeze and we've seen a couple of them this week where we've seen the stock squeeze up and halt up even.
uh, and then it dips and you know on this one I thought it was going to rip and then it did. For a second it dipped and popped up and then it flushed hard. That happened on AMV and it just happened again on Uu on Uu I waited on this I sort of I thought you know I was like all right I think this is going to do that round trip. Uh so the high was 64.
I thought okay if it can break over 64. that would look good and it did sell off here down to the 30s and it came back up so you know for what it's worth if this is broken through 55 and then 60 64. We probably would have seen another 20 cent squeeze there as some early shorts might have covered, but it didn't There were enough shorts there and it came right back down all the way down. I did a dip trade I Got in at Uh 295 when it flushed below three.
I was looking for the pop back up over three. It went to a low of 2A 268 actually I added a 284 and it came back up here to a high of 294. my average was like 291. I got out some of it for profit at 292 and I was just like you know what? this isn't getting back above three I think I gotta just get out and so I hit the bid I guess it was on this candle here and took a 200 loss.
but uh, 248. Whatever it's But anyways I'm not really worried about that. Uh, it's not a big loss, it's just it's just a little. Annoying I suppose that, um, you know it's a fifth red day in a row.
so you know that's that. Um, you? you? no? no interest in it I Saw yesterday, some of you guys had, uh, some nice trades on Lunr. This one went from, you know, 15 to over fifty dollars a share. That's always nice to see.
of course I missed it because the move was in the afternoon mostly. Uh, so no trades on that one for me, but good job for those that did catch it. Uh yeah, right now I mean this week is just like a loss. It's a write-off. The whole week is a bad week. um I I'll probably do an episode later. uh, maybe I'll upload it tomorrow or something where I'll talk a little bit about this red streak that I'm on. um, make some observations about.
you know where I kind of maybe went off the rails where I could have maybe looked back and said, ah, you should do this differently at that point. Um, but I'll save that for its own episode because that'll probably be something that folks will want to watch. You know, months and years from now because it'll be more on the topic of recovering from loss because this is, of course, part of trading. There is no such thing as a Trader who doesn't have losses? Yeah, sometimes Traders have five red days in a row.
Sometimes Traders just have one huge red day I mean or sometimes it's you know, just red, green, red green. but you're red on the month and it's a big red month. loss happens. So the reason that I've been able to get to where I'm at here, which is over 12 million in gross profit.
Certainly, there is something really important to my ability to recover from loss, both emotionally, but also certainly financially with the trades, so that'll be a topic for an upcoming episode. Um, and and really, there's not much else to cover. Today it was two trades. Oh I guess the trade on Pixie I didn't mention um, two stocks I traded.
So Pixie I that one started to pop up and I got in it at 9 44. it uh hit a high of nine 84. it then dipped back down and I added on the dip so you can see right here it popped up. We then got this candle right here I added down here it popped back up to 75.
I wasn't able to uh get profit on that and it came back down. Bigger spreads made that one a harder one to trade. so I was only up 100 bucks I did a thousand shares I was in and out I was like no I don't trust it I got back in with a thousand and you know. So it was a hundred and eight dollars on the first winner and then a 60 loss on the second trade.
So for sure you can see I was trading much more moderately today with share size being a bit more conservative. Um, and I think that that's going to be my plan at least. Uh, until I've made back maybe half of what I lost this week. So I'm down like 22 000 this week.
it's it's a big red week. Um, by a lot of standards. For me, it's it's actually not. um that bad.
I Can put let's see if I look at draw Downs Just in the last like three years. So 2020, you know, two, two, three years ago. Um, in terms of my biggest drawdowns, let's see. Um I mean I had a drawdown of three hundred and sixteen thousand dollars.
That was a big draw down. that was in 2021. That was two years ago, had a drawdown of 150 000 in 2021 I had a drawdown of a hundred thousand in 2022 and then for the rest of the Year my biggest drawdown was 36 000 in uh April I had a drawdown of 16 000 in October and I just broke that by being drawn down about eighteen thousand. Uh, as of let's see, must have been the other day. but I don't think let's see am I on gross profit I'm on. Uh yeah. So if you go to Net then you take off the commissions and that's going to poke me up. twenty one thousand 19.
So about tied with the last drawdown that I had in October 20 000. you know which for me like? So this is all about putting it in perspective. When I put it in perspective like this, it's like oh, okay, you know what? That's actually not too bad of a draw down. I Mean it's not great to have five red dates in a row.
It's super frustrating, but you know perspective is um, is is helpful now. I'm able to do that. You might be someone who you're This is your drawdown right now. You're at the peak.
you're you're as low as you've ever been. So tune in for that next episode. that'll upload because I'm going to talk about how I recovered from this drawdown and from these other ones. All right, So that's it for me.
Um, I'm gonna call it a day here I Just don't see any reason in, uh, in overstaying my welcome because it's clearly not happening today. It wasn't happening really at all this week. So I'm just gonna leave it alone and try again on Tuesday because markets are closed on Monday All right, so that's it for me. Good luck, uh, rest of the day and I'll see you guys uh on Tuesday and I'll upload some episodes over the weekend.
All right. Reminder: As always, trading is risky. My results aren't typical, and there's no guarantee you'll find success whether you trade in your own. You learn from me, so take it slow.
One need to have source of income as well as secure and have a profitable investment future.
One need to have source of income as well as secure and have a profitable investment future.diversified investment crypto if the financial trading market is needed to survive
I finally had a green day on friday
Trading vlon mid day. Doesn't cover the last 4 days but hallelujah 1 green day for the week.๐ฌ
I lost everything I made over the past two weeks yesterday. I back at my original investment. I'm glad I didn't go under that. It's been rough, chin up though! This will pass.
Thank you, Ross. Looking forward to the next episode about managing losses. Very useful!
Now I don't feel so bad about my 5 day red streak.
Mastering losses definitely is one the most important skills any trader must to master. Thank you for sharing, Ross. ๐
~Starting out looking like evening trading and I have not done that so I'm going to try the late hours and get a feeling of that technique… ? What do you think?
I hate to bring up a bad day but I just saw the video where you lost 274,000. My question did you learn from this tragedy?
Thanks Ross, looking forward to the next episode!
I could not make sense of the market this week, seems like everything was choppy and moving sideways. I think the problem is if enough traders sit it out then the runs wont be as full as expected and will tend to flatten out. Anyway maybe next week will look better.
I work in the Hamptons, a lot of the Finance guys from Wall Street are out of town on vacation in Florida, the Caribbean or skiing in the mountains. It's hard to find good trades if there isn't much volume…
The emotions hurt worse than the money. Even in the simulator.
I was green today for the 3rd day, but all small. Today I quit early. Your lessons are helping me soooo much. Thank you. This market HAS to turn around soon. Have faith. Again, your class on cutting losses sooner, has really helped me. I know what it's like to have multiple REDs. But I learned Black is better than Red. So I am learning patience too. Just keep on plugging, I have faith in you and me too.
You're losing your power
PIXY looked good for a bit but the spread was huge!
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
Weโre having the same week
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respect for keeping it real
Ross why aren't you minimizing the indicator values on your charts? I see no reason for those to be taking up your screen.
I really really appreciate your honesty!
This week was brutal
Sure was a grinder of a week.
Made a $1.94 today ๐๐๐