Hey everyone! Ross Cameron here! I’m rocking the same tiger sweater as yesterday—why? Because it’s feeling like my lucky charm right now! I sported it during a $100,000 trading day yesterday, and today it helped me snag another $34,356. (My results are NOT typical) That’s just the way it goes in day trading. Plus, it gives me a little connection to home while I tackle the markets. Enough about my wardrobe—let’s jump into today’s market highlights!

Riding the Market Wave

Today was all about momentum—the market is on fire! With back-to-back big days—$100k yesterday and $34k today—that’s the exhilarating action we thrive on in day trading. This morning brought wild moves, stock squeezes, and some surprising price action that kept me on my toes. But that’s the beauty of this game!

As of yesterday, I was sitting at about $959k in gross profits for the year. After today’s gains, I’m nearing that $1 million milestone, now around $995k. Reaching that mark is a huge goal, but we all know it’s net profits—after fees and commissions—that really matter.

Trading in a Tax-Free Account

One thing I’ve been getting questions about is taxes on these gains. When you trade within a Roth IRA like I do, the answer is zero. No taxes on my $100k day or today’s $34k. I converted my traditional IRA into a Roth years ago, and it’s been a game-changer. The catch? I can’t touch the money until retirement, but I’m fine with that—it’s my future savings.

Every trader should consider having two accounts: one for spending and one for long-term savings. Knowing my retirement stash is growing tax-free gives me peace of mind.

Breaking Down the Trades

Let’s dive into today’s trades. I netted $34,356, with PIXY being my standout performer. I gave back $2,000 from a peak of around $37,000, but that’s just part of the process.

An intriguing trade today was with NIXX. The price action was wild—big volume and huge orders coming and going, with buyers disappearing in seconds. I started the morning a bit hesitant after some shaky moves in after-hours trading, but once I checked my scanners and charts, I realized there were opportunities amid the chaos.

PIXY, however, was the real highlight. This stock skyrocketed by 250%, allowing me to quickly make $10,000 as it jumped from $11 to $19 per share. I kept buying the dips and selling into the spikes, which helped me secure that $34,000 profit.

Watching the Levels

A key lesson from today involves my NIXX trade. I noticed unusual activity—big buyers at 40,000 shares on the bid, but purchases weren’t pushing prices higher. That raised my suspicion about hidden sellers. Trusting my gut, I exited before any potential drop.

When you spot odd market behavior, it’s crucial to adapt quickly. Tools like Bookmap helped me visualize the buy and sell orders, which is vital during volatile market conditions.

Hitting the $1 Million Mark in 2024

Where do I stand overall? After today’s trading, I’m just shy of $1 million in gross profits for the year. This is a huge milestone I’ve been aiming for since August, and it’s exciting to think I could hit it this week if the momentum continues. Back in July and August, I had solid months with over $100,000 in profits, putting me on track to finish the year above seven figures.

September was a bit slower, but October has started strong. I kicked things off modestly, but yesterday’s $103k day was a game changer. So far this month, I’m looking at $190,000. A couple more big days could even surpass my best month in July, which totaled $230k.

Wrapping It Up and What’s Next

The stock market is brimming with opportunities—if you know where to look and how to manage risks. I’m looking forward to tomorrow’s session to see if we can keep this momentum going, especially with earnings season heating up.

As always, remember that day trading involves risks, and my results aren’t typical. Never trade with money you can’t afford to lose. Always test strategies in a simulator before risking real cash. Start slow and ease into it. See you tomorrow!

Stay Connected

Warrior Trading was founded by Ross Cameron in 2012 and is now a thriving community of thousands of traders. You can learn more about joining the Warrior Trading community here

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Disclaimer: The results shared are based on my personal trading experiences and are not typical. Trading involves significant risk, and past performance is not indicative of future results. Always practice in a simulator before trading with real money.