Hey everyone, Ross Cameron here! It’s another Wednesday morning and, honestly, I felt like it was one of those days where I should walk away before I do something I regret. We’ve got decent action in the market today, but the setups have been tricky. Stocks like TVGN, up 90%, LRHC, up over 200%, and V-X, over 100%, are catching attention. However, they’re not breaking out aggressively. Instead, they’re grinding higher, making shallow moves, then pulling back. That kind of behavior makes it hard to feel confident in trades, and it’s easy to get chopped up in that type of market environment.

Grinding Stocks and Choppy Breakouts

So, let’s talk about these kinds of moves. They’re not the straight-up, parabolic types we love to see. These stocks are teasing with decent action but keep running into resistance. They’ll break out a little, pause, then fade back down, only to repeat the pattern. When you’re staring at choppy, one-minute charts and trying for breakouts, it’s frustrating. Rather than getting clean follow-through, you’re left sitting in deeper waves, with breakouts failing right after a pop. It’s downright annoying if you’re too aggressive.

Lately, I’ve been dialed in on getting aggressive at the right moments, especially when I see those stocks with real momentum. Today wasn’t the day for that, though. It was all about being cautious.

Looking at TVGN

Alright, let’s jump into TVGN, one of the stocks that made me realize I needed to take a step back today. How well does it fit my 5 criteria for a strong setup? Not bad at first glance. It’s in the right price range, between $2 to $10, but there were some red flags.

The float is higher than I typically prefer—about 14 million shares. Plus, this stock had already made a big move recently, meaning the relative volume today wasn’t incredible. The volume was nowhere near what we saw on the initial move, and that’s concerning for follow-through potential. I did take a trade on TVGN, but it left me sitting at break-even after a small $54 profit on a 12,500 share position. That trade was a key signal to me that today might be harder than expected.

My trade on TVGN was around the $2.50 mark. It broke there, but barely held. I bought the retest around $2.54, hoping for a micro pullback and push higher through $2.60. It didn’t get there. After seeing that it couldn’t break $2.60 cleanly, I knew I needed to jump out. The stock eventually made a bit of a move to around $3.00, but I wasn’t going to push my luck. I needed to stay focused and stick to my plan.

WINT: Another Break-Even Trade

Another stock that popped onto my scanners today was WINT. It had news at around 8:00 a.m., which is usually an exciting signal. I jumped in at $1.00, thinking it might run further, but just like with TVGN, it didn’t follow through. It got up to $1.10, maybe $1.15, but quickly reversed and I had to exit flat.

It’s annoying when you aren’t seeing follow-through, but it tells you something important about the overall market vibe.

VRAX Trading: The Bright Spot

Now, we’ve got VRAX, which was the best trade of the day for me. I’ve traded this stock before, especially during the monkeypox news a while back, so I was familiar with its behavior. It came up on the scanners right around 7:15 a.m., and I knew it had potential.

Here’s the thing about VRAX: it had a small float, around 2 million shares, and was priced at about $2.75 to $3.00 when I got in. It reminded me of TVGN in that it recently had a big move but gave it all back. With the under $3.00 price tag, I wasn’t in love with it at first, but I saw an opportunity and went for it.

I started with a micro pullback play, getting in around $2.00 as it popped, pulled back, and then started moving again. It quickly got to $2.10, $2.40, and then $2.80. I took some profit as it hit around $2.90. It wasn’t the cleanest move, but it got me close to my daily goal.

After that, I did have one setback. I took a trade on VRAX looking for a squeeze through $3.00. I got in at $2.90 but had to stop out when the price flushed down to $2.85. That cost me about $2,000 and cut my profits on the day in half. Luckily, I managed to get back in and capture some more profit as the stock moved back up over $3.00, finishing the day at $6,200 in profit. Not bad, but it was much harder work than it should’ve been.

LRHC: The Risk I Couldn’t Manage

The last one I’ll mention is LRHC. Early in the morning, I saw it at 70 cents, which didn’t interest me. It wasn’t moving much, so I passed on it. But just before the open, it spiked from $0.70 to $1.10 in a hurry.

While that caught my attention, the problem was the stock had so many halt risks. It just had too tight of a range, and with the halts coming in quick (about every $0.15), it was a mess to manage. I’d have to take a huge position to make any meaningful gains, and the risk of being trapped in a halt down was too high. So, I sat it out.

Wrapping Up the Day

In trading, not every day is a home run. Some days you have to grind it out, and today was one of those days. The setups just weren’t parabolic. The moves were grinders. It’s easy to get caught doing something reckless before you know it, especially when you hit your daily goal and start thinking you can push it more.

I’m up $6,200 today, and while it’s tempting to keep trading, it’s smarter to step away. That’s the key—to stay disciplined. I reached my goal, so I’m shutting down the charts and walking away for the day. I’ve learned that’s the best way to fight FOMO.

If you want to learn more about my stock selection process, you can check out my free guide on the 5 Pillars of Stock Selection. Also, feel free to join me for a two-week trial at Warrior Trading. Just remember, trading is risky, and, as always, manage your risk carefully. See you all tomorrow!

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Warrior Trading was founded by Ross Cameron in 2012. Today Warrior Trading is a thriving community of thousands of day traders learning to trade under the curriculum designed by Ross

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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.