Hey everyone, Ross Cameron here! We made it to the end of the week, and what a week it’s been! The market has provided some exciting action that I can’t help but talk about. We saw some significant moves, especially within large-cap, mid-cap, and penny stocks. The activity has been electric. Let’s dive into the recap!
CING Stock Events
One standout this week has been CING. This stock showed remarkable movement, rallying up 971% over the last two days. On the first day, it soared 80%, catching the attention of traders across the board. The momentum continued early the next morning, largely influenced by European traders who spotted the news.
On Friday morning, I was back at it, trading CING right at 7 a.m. The initial trade was promising, netting me about $900 (Results not typical). That set the tone for the trading day, albeit with some challenges due to increased spreads and lighter volume as the stock became pricier.
A Day in the Life of Trading
This morning, I started the day by pulling up the scans on my phone, spotting CING once again topping the list. I jumped in early, but as the morning went on, trading got trickier. Yesterday’s booming action meant bigger spreads today, and I had to be cautious to maneuver through the whipsaw price actions.
Around 7 a.m., I was watching for a key bounce and pounced on it, securing my first trade. That initial profit gave me a safety net to take on bigger positions as the day unfolded. But as CING’s price oscillated, I had to pivot, trading it alongside other stocks throughout the day.
Technical Hiccups and Missed Chances
Just as things were heating up, I ran into a frustrating technical glitch. The internet cut out! It was a brief hiccup but hit right when I had an opportunity. When the connection dropped, I missed a chance to jump back in at a critical moment. By the time I reconnected, the price had already surged past my buy point, adding a bit of angst to the day’s action.
Despite the glitch, I managed another successful trade in CING, ending with a total of $2,200 from that stock alone. By the end of the day, my overall profit amounted to $2,534.37—steady progress, though not a home run.
Market Analysis and Strategy Adjustments
Reflecting on the week’s performance, August has been kind to me, racking up $47,000 for the week and $61,000 for the month (Results not typical). My eyes are set on crossing that $100k mark. The focus now is maintaining process discipline, sticking to strategies that can be repeated with consistency.
This week, I’ve been deliberate with my approach, scaling trades when conditions allow and tightening up when they’re less favorable. The market ebbs and flows, and being adaptable is crucial. There’s still plenty of time in August, and I’m optimistic about what the future holds.
Risks and Rewards in Trading
Trading CING taught me a lot about managing risk, especially considering the potential for stock offerings. I learned that day two of a strong move can be unpredictable. Stock offerings could dilute the value of shares and impact traders holding onto their positions too long. It’s a vivid reminder to stay nimble and vigilant.
I’m always careful in a volatile market. It’s all about knowing when to push and when to pull back. Not every trade will be perfect, but measured risks can lead to rewarding outcomes.
Conclusion on Trading Philosophy
In this game of day trading, it’s the small, consistent wins that add up (Results not typical). Focus on following a disciplined strategy, taking profits, and avoiding risky pitfalls. My experience this week showcases the importance of sticking to a process that works, even when the market throws a curveball.
If you’re keen on joining the ride, consider checking out a two-week trial. And remember, trading carries risks. My results are not typical, and it’s crucial to practice in a simulator before putting real money on the line. Stay informed, keep learning, and here’s to your success in the trading world!
Stay Connected
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.