Hey everyone, Ross Cameron here! Today was a roller-coaster of a day in the world of day trading. While I ended the day green and slightly over my daily goal, it was hard not to feel a bit deflated after giving back about half of my profits. But in the world of trading, you have good days and learning days, and today was one of those learning days. Let’s break down the action, the wins, the losses, and most importantly—the lessons learned.
How My Trading Day Played Out
This morning started strong. I doubled my daily goal and was feeling good. I was up over $12,000 with a nice cushion that gave me some breathing room to take on more risk. However, I made a couple of risky moves, and things started to slip. I ended up giving back around $7,000 and finished the day up only $5,167. It’s still a good day, but it’s tough to celebrate when I was so close to doubling my goal.
Yesterday was tricky. I called it a day early, thinking that the trading action was slowing down. Boy, was I wrong—GM LD continued to rally after I stopped and hit new highs. I stayed disciplined and didn’t jump back in, which is key. Today, I didn’t want to make the same mistake, so I pushed it a bit more than I should have.
The Morning Rush
Things kicked off with a dip trade on PRTG right at 7:00 a.m. I got in around $12 per share and rode it up to around $13 before cashing out at $12.50. That quick trade brought in a solid $1,200—definitely a great way to kick off the day.
PRTG was moving pretty well pre-market too. It started climbing around 4:30 a.m., peaked at about 5:30, and then pulled back. I knew there was a resistance level around $13, and I was watching to see if it would break. It took some time, but eventually, that resistance broke, and I made around $4,000 from PRTG before the market even officially opened.
NVVE: The Big Winner
The most exciting part of the morning was NVVE. It spiked to about $6.40, pulled back, and then rocketed again. I got in for the rally and watched it go from $6 to about $8 within minutes. My profit scale went from $3,000 to $5,000, then to $7,000, and eventually hit $10,000. It was an awesome feeling to see those numbers rack up so quickly.
But then things got choppy. I took a bold 10,000-share position at $7, thinking NVVE would break through $7.60. Unfortunately, it dumped, and I lost about 15% of my profit, bringing me down to around $8,000 for the day. That was a tough loss to swallow. Later in the day, NVVE halted, and I jumped in for the dip. However, it flushed down again, and I gave back another chunk of my gains before the stock recovered slightly. By the time the dust settled, I was back to $5,000 in profit.
Holding Tight, Avoiding Big Risks
After giving back such a big portion of my profit, I hit one of my mental triggers: walk away before things get worse. I decided to sit tight, observe, and not get too reckless with the rest of my trades. At that point, the markets were showing too many risky moves. PRTG was trading with wide spreads, making it easy to lose big bucks in just seconds. It’s all about risk assessment, and my gut was telling me not to push harder.
I ended up reflecting on the book “Quit: The Power of Knowing When to Walk Away.” In trading, knowing when to quit is everything. You could be up $10,000 and lose it all by staying in the game too long. The market doesn’t care about your daily goal; you have to pay yourself when the opportunity presents itself. Today, I could have ended up walking away with nothing, or worse, in the red.
PRTG vs. NVVE: Strategy Breakdowns
Now, let’s talk details. At one point in the day, PRTG was hovering around $15, with resistance at the $13 level from earlier. But the daily chart told me everything I needed to know. There was little support past $16, and you could see that the spread on this stock was opening up, sometimes as much as $0.20. That’s not the kind of setup I wanted to risk more on after already giving back so much profit. As a result, I played it safe.
NVVE, on the other hand, had a different look. The float was only 300,000 shares. If it could break through those resistance levels around $8 and $9, I saw clear skies up to $17 and eventually $31! That’s the kind of setup I love to trade. Unfortunately, it dumped twice in areas where I thought there was going to be more action. Sometimes you just hit those choppy patches, and there’s nothing left to do but learn and move on.
Knowing When to Quit and Plan for the Next Day
By late morning, it was clear my best trading window had passed. I was sitting on my goal, but it wasn’t time to take big risks anymore. My cushion was gone, and if I kept chasing, I could easily have ended up at a max loss. The market wasn’t handing out any more obvious opportunities. So, in moments like this, it’s critical to stop trading. I can always come back tomorrow when I’m fresh, and the market may offer better setups.
In this game, every day is unique. I’ve had days where I hit $40,000 in profit, but I wouldn’t have seen those highs if I kept digging myself deeper into a hole on days like today. Tomorrow could easily be one of those monster days—so I need to keep the mindset of trading smart, not chasing bad trades.
Small Account Wins: A Silver Lining
Today wasn’t just about my regular account. I also had a nice win in my small account challenge. In that account, I stuck to my strategy of taking only the front side of a move. One clean trade and boom, I was done for the day. This kept my losses low and my stress levels lower. The small account trades are a real highlight, especially on days when the main account doesn’t explode the way I want it to.
All in all, this was a day of ups and downs, but I’m walking away green. The market isn’t perfect, but days like these remind me why discipline is everything in this profession.
Takeaways for Traders: Stay Disciplined, Stay Smart
To anyone reading this who’s working on their day trading game, here’s your reminder: follow your rules. Know when to walk away. The moment you hit a point where you’re frustrated and emotional, it’s time to stop. If you can lock in profit, even if it’s not the amount you want, take it. Don’t allow yourself to chase the market. That’s how you slip into deeper losses.
I always tell myself, “Green is green.” And it’s true. If you’re in the green for the day, you’re part of the top 10% that’s finding success in the markets. If you can do that consistently, you’re golden.
So let’s head into tomorrow with a fresh mindset. Trading is a long game, and every green day is a step in the right direction.
Thanks for reading, and I’ll see you back here tomorrow. Stay safe out there!
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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.