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What's up you guys? All right? Well, it's been a couple days since I was on. YouTube You guys like my classes I know they're yellow. That's kind of nice when it's uh, gray and sort of foggy. makes it look sunny and bright.

Well, the last few days have been, uh, pretty wild. We've had some Chinese momentum again. This is a flashback to last August when we had uh gosh I mean I can't even remember how many it was. it was the Chinese IPOs they were going up 2500 on average.

so um so for the last couple weeks of April I wasn't doing Recaps every day I was kind of doing them intermittently I'd do a recap one day and then the other day I wouldn't do it um I've had a lot of stuff I've been working on for my warrior students I've been working on, um, organizing some things and we've been working on this development project. We've got charts which are rolling out which is really exciting. So anyways, I've been a little bit tied up with those things but I wanted to go over uh, maybe the last couple days so well and I'll just highlight. So April was kind of interesting because I uh in the first two days of April first three days I hit my weekly goal for the week.

So like first week of April was great. second week I was read I didn't give back all the profit in my first week but it was green first week, red, second week, then I was agreeing. The third week had a great week, third week and then The fourth week I was read so on. Friday You know what's interesting is I took three trades fairly early and I went red.

so I I went red on Friday and then when top started pulling away up to 256.44 approximately something like that. I got that trade and that put me from red to Green. So I finished today on Friday green which was good and then but I was like man that was a roller coaster because I went to into the red before rallying back and I don't know I just I was kind of. I was a little bit frustrated because that big move on top was like Thursday after hours right? it was like four o'clock on Thursday and you know it was I could see it on my phone.

but I don't trade on my phone. I'm not a complete degenerate, so no offense to those of you guys who trade on your phones, but you know what I'm talking about. So I I traded it on. Well so the problem is, sometimes you have a stock like that that makes a huge move.

After Hours That By the next morning it's already on the back side. It's like a head and shoulders pattern. You know you've got the the head. Now you're coming back down and you get traders who are kind of looking for sympathy momentum, but when your main stock is sort of rolling over the ones that might have been sympathy momentum aren't going to be as strong.

Although sometimes you have okay, that one's definitely dead and people are looking for the next one. And anyway, so what ended up happening on Friday was we had like 30 different stocks that were all moving and it was very scattered. You know we just had a lot of stuff moving. it was kind of I think a lot of Traders struggled with that a little bit because it was hard to figure out what was obvious I mean I even for me I only use watch four level twos at the same time.
So Friday Monday and today you know I have stocks on all four that I'm watching closely and then I have a couple other stocks on other charts and I'm like also sort of watching and I almost this morning was just like wow. I maybe I just need to step back because this is like I feel very scattered. there's too much moving which is kind of funny because we also had in the last you know, six months. we've had days where it's like there's nothing moving.

so then you have nothing moving and there's too much movement. I'm I'm Goldilocks over here it's either too hot, it's too cold. Now you know where's where's just right? So today was a good day for me. it was a Green Day The stock that did the best on was what was it was T tirx something like that the tickers they're like in one ear out the other.

I forget them so quickly. but uh and yesterday I did well on. uh GN GRC I think that was it. So again, just these stocks that are going making really huge moves.

Baos that was another one that made a really big move. but you know, for those of you who may have struggled with these, let me tell you a quick story. So if we go back to maybe 2014 2015. I remember seeing stocks that would make these parabolic moves, you know it would go straight up well.

you know, whatever it was from eight to sixteen dollars or something like that and I I would I would always just sit there like felt like an idiot because I would just sit there watching it and I'd be like I can't I can't get in here it's you know just went from five to six I can't get in at six. it's too extend it. Next thing you know it's a 750 and you're like God dang it I I wish I could have should have would have punched it at six but I can't not punch it at 750. I would be chasing it.

the next thing you know it's at eight 8 59 and you're like oh my God I Just watched the stock go from six bucks to nine bucks and I didn't take a single trade on it. You start getting frustrated. you start feeling that Fomo and you'll do one of two things. You'll either punch it, you know, like an idiot.

which is what I used to do at like twelve dollars a share only to watch it finally roll over, or and then you're living with the pain of regret because you've gave into Fomo or you hold the discipline and you don't trade, but you're left feeling like a real loser. You know, other people certainly traded it, Made money you could have Shoulda Woulda And so if you're someone out there who's you know watched a couple of these go parabolic and you didn't trade them I I Want to reassure you that I think that is part of the learning curve and it's something that I went through myself where I just had this period where I wasn't able to quite get comfortable enough to pull the trigger. So if you're seeing the set, if you're seeing stocks, but you're not feeling comfortable pulling the trigger. what that tells me is that you lack a certain level of confidence and the good news is confidence comes from more experience.
So the more experience you have watching some of these stocks and eventually you know pulling the trigger was smaller size, the more comfortable you'll get it is. I'll say very hard to go from a cold Market to a hot Market because of how quickly things sort of shift. You know we weren't used to seeing stocks for a while that were breaking through like a half dollar a whole dollar and then continuing up 50 cents. We were seeing them stall out and then that was kind of it.

So it's taking me a little bit to kind of remember. like is A because you know I kind of got burned enough times during the colder Market with some of those entries that I've kind of pulled off of doing them and now that it's heating back up I'm trying to get myself to feel a little bit more comfortable pulling the trigger. so you know. Anyways, long story short, don't feel bad if you missed some of the moves.

I didn't capitalize on them as well as I could have either, but I did finish green. it was green on Friday green on Monday green on Tuesday So three nice green days here Uh, gets the month of May off to a good start. April was a good month with the exception of my accuracy being a little lower than usual it was at 62 percent yesterday I traded to 87 today. My accuracy was also pretty high, so that's good, but last month could have been better into two regards.

Number one: I wish my accuracy had been a little bit higher and I think if my accuracy had been a little higher, I would have avoided some of those bigger losses that I took. You know the thing is I always encourage people to focus on accuracy because when you focus on accuracy, it means you're being more disciplined about trading really good quality stocks and and usually when you're doing that, you'll see fewer of these, sort of, you know, just disproportionately large losses. which is always a good thing if you can avoid those as much as you can. So I had a few of those in in April which Drew down my profit loss ratio as well.

So I didn't have as good a profit loss ratios I wanted Accuracy was lower than I wanted. So those are two things that I'm setting kind of as my intention for the month of May Focus First on accuracy hoping profit loss ratio follows. although I don't know. accuracy was good yesterday, but I did have one bigger loser.

So anyways, it's a it's a working uh Target moving it's a moving Target is what it is so that's kind of where I'm at. Um, it seems like as I walked away today I was seeing some action on a couple other stocks mimn or something like that. Really nice move. was coming up to the 200 moving average I sort of felt content with not pushing it because today I had come up just shy of my daily goal I gave back half and then I rallied to back up to the same place I was before.
So I'm finishing to shy my daily goal. So I was like, you know what? That's good enough. my daily goal is five thousand. So I I was happy with that sitting at like 42 4300 today.

So Green Day just under the daily goal and I was always lived to trade another day. So I encourage you guys, you know not try to compare yourself too much to me or to other people. If you hit fifty dollars today, if you hit 100, whatever it is, be grateful for that. I could do the same if I wanted to compare myself to someone who made 15 or 20 or 30 or 40 or 50.

Keep your head down. stay in your lane. You know your goal. Stick with that.

Be disciplined. Get in, get green, don't overstay your welcome, rinse and repeat. Do it again tomorrow. All right? So I'll be back at it.

Uh, tomorrow. I'm streaming every day for warrior members, but if I don't always get a chance to do my recap right now, it's just because I'm uh, quite busy and uh, that's a good thing I'm keeping myself busy I'll also uh, be very busy this summer. but I you know every day would make the time for streaming. uh for members.

So I'll be doing my morning routine at Warrior but I may not have a chance to do Recaps every day. but again, I'll come on and do episodes like this periodically. so thanks for tuning in and uh, reminder us. Always trading is risky.

My results aren't typical. There's no guarantee you'll find success where you trading your own. You'll learn from me. so take it slow and practice in a simulator before you put real money on the line.

All right, Thanks for tuning in I'll see you for the next episode real soon.

By Stock Chat

where the coffee is hot and so is the chat

34 thoughts on “Struggling with day trading squeezes parabolic price action?”
  1. Avataaar/Circle Created with python_avatars cody walker says:

    What is your FB

  2. Avataaar/Circle Created with python_avatars Jane doe says:

    Lol I’m a phone trader but I literally definitely need to do it a better way

  3. Avataaar/Circle Created with python_avatars john johnson says:

    Those trees still look barren. We have already fully greened up here in north Texas.

  4. Avataaar/Circle Created with python_avatars Steven Chow says:

    The wild wild East.

  5. Avataaar/Circle Created with python_avatars J G says:

    Gdc whipsawing around

  6. Avataaar/Circle Created with python_avatars Tom Valg says:

    Finally some fun comments, looking forward to the next ahahah

  7. Avataaar/Circle Created with python_avatars Terminater103 Terminater103 says:

    Hey man I’m interested in your courses but I just have a question. I’m just getting into trading as a whole and am not familiar with the basics. So I’m curious if your courses go over stuff like candles and stuff as basic as that. Thank you!

  8. Avataaar/Circle Created with python_avatars commentoria says:

    Yeah, CXAI was rough last week; stopped out in the nines and then seeing it shoot up to 25, leaving me behind when I could have stayed in and made a crap ton, jeez.

  9. Avataaar/Circle Created with python_avatars coapa says:

    I was one of those that traded during covid. later i stopped now i have enough savings to do it properly. for 2 weeks ive been glued to charts and scanners following all the moves. I was following all these chinese stocks and i was so tempted to trade but also afraid of those random huge flushes. it was tough to sit on the sidelines

  10. Avataaar/Circle Created with python_avatars lamar williams says:

    Sooooo true😂😂😂

  11. Avataaar/Circle Created with python_avatars Radko A says:

    Like your positive attitude even after red days. Nice glasses by the way.

  12. Avataaar/Circle Created with python_avatars VALOR48 says:

    Awesome video, brotha!

  13. Avataaar/Circle Created with python_avatars Gamal AbdElnaser says:

    You are telling exactly what happens. 😶

  14. Avataaar/Circle Created with python_avatars 💰 Earn $635 Daily says:

    "The first step toward success is taken when you refuse to be a captive of the environment in which you first find yourself." —Mark Caine

  15. Avataaar/Circle Created with python_avatars m po says:

    green $16 today🤟🤟🤟

  16. Avataaar/Circle Created with python_avatars Kyle D. says:

    Solid advice as always!

  17. Avataaar/Circle Created with python_avatars GoinRouge says:

    Love the glasses mate! Pleeeease start trading again live in the mornings on YouTube! I miss 9 am rolling around and flipping to your channel instead of All the other bozos out there! I will sign up for warrior trading one day, I promise. Thanks for considering

  18. Avataaar/Circle Created with python_avatars Shafiq Shinwari says:

    How much are the charts monthly and do they work like signals ?

  19. Avataaar/Circle Created with python_avatars Anthony Whitehurst says:

    I’m fairly new to this. Quick question, are these parabolic movers common? Do these happen even in a down market? Thanks for all your info!

  20. Avataaar/Circle Created with python_avatars Alex Winkler says:

    Chinese stocks love ripping with no news

  21. Avataaar/Circle Created with python_avatars Obai Omari says:

    miss you Ross!

  22. Avataaar/Circle Created with python_avatars j says:

    confused, I though a catalyst was needed for you're strategy? those Asain stocks to my understanding had no news.

  23. Avataaar/Circle Created with python_avatars Scott says:

    When you refer to accuracy are you calculating the win percentage per transaction for the day or per symbol for the day?

  24. Avataaar/Circle Created with python_avatars Particles343 says:

    Solid advice.

  25. Avataaar/Circle Created with python_avatars JG says:

    Momentum strategies are much harder to trade these days because the era of easy money is over. Not much cash available to throw at stocks and make them fly therefore, no big runners as there used to be. My guess it is going to be like that until interest rates go back down and companies have easy money again to gamble and make stocks squeeze up.

  26. Avataaar/Circle Created with python_avatars Aaron G says:

    Haha don't feel bad about missing these huge moves, it's happened to me more times then i care to count.. Obviously you know as a day trader you have to be very disciplined, take what you can get, and not catch fomo, that's how you survive in the long run.. And if you chase too many times, more often then not you'll likely get burned… That being said, you obviously know this already haha… BTW another great video Ross! Thanks again

  27. Avataaar/Circle Created with python_avatars James Keeler says:

    Love your commentaries, always helpful.

  28. Avataaar/Circle Created with python_avatars Hola! monsieug says:

    Thank you for this great motivational video!

  29. Avataaar/Circle Created with python_avatars ChumpSauce says:

    When are you going to do live trading in the morning on YouTube again? It's been awhile

  30. Avataaar/Circle Created with python_avatars James Haban says:

    Thank you Ross. I enjoy your drives 🚗 👍 real talk. much appreciated 🙏

  31. Avataaar/Circle Created with python_avatars Earth Explorer says:

    come on you tube bro

  32. Avataaar/Circle Created with python_avatars Sammy Davila says:

    Need your advise lol

  33. Avataaar/Circle Created with python_avatars twinquist says:

    I have a very very very hard time jumping into a parabolic squeeze. I see the hesitation at the whole or quarter dollar and tell myselft "perfect time to buy right now. Do it! Do it!" And I don't do it. Next thing I know, the stock has gone from $5.23 (with a 10 second hesitation) all the way up to $12+. And the times that I DO jump in, it seems to immediately pull back and turns into a false breakout loser. How do I get better at this?? I've done very well swing trading over weekends, but I just cannot seem to get it right when it comes to daily breakouts and especially banana squeezes. I am a Warrior Trader but still have the strategy chapters to go in the pro classes. Hopefully that will fill in the missing pieces

  34. Avataaar/Circle Created with python_avatars mryomantoo says:

    I pulled the trigger for the first time ever in stocks yesterday and the price jumped 20 cents and then collected profit God bless Its like a weight off my shoulders… i had to wait a few more minutes than i planned but its a hell of a feeling Thank you for showing me dreams can come true man God bless

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