Hey everyone, Ross Cameron here! Another Monday morning in the books, and what a day it was. I’ve got to say, this momentum in the market has been like fuel to my daily goals. I ended today up $21,000, hitting 4x my daily goal in just a few hours of trading. (Results not typical) It’s always a great feeling to enter the week strong.
October is shaping up to be my best-performing month of the year so far with gains of approximately $250,000 (results not typical), and we still have over a week left. Let’s dive into what unfolded today and how sticking to a strategy paid off big time.
Morning Trading Routine
Today started just like many others. I settled into my desk at 6:45 a.m., scanning the market closely to catch any breaking news or big movers. My strategy is always to capitalize on day trading opportunities right as the news breaks. For me, it’s all about anticipating the next hot stock, and today didn’t disappoint.
The first stock that got my attention was GRI, but honestly, my big win came with SYTA. I hit my daily goal early on, but instead of walking away, I looked for more high-quality setups. Day trading is all about riding the wave of momentum, and with today’s hot market, I knew there was a chance to significantly multiply my gains.
Trading Strategies That Paid Off
The day started off strong. My very first trade on GRI was a very small base hit of $59.62. I knew it wasn’t a home run, but breaking the ice early with a green trade is always a mental boost. The stock didn’t explode upwards like I hoped, but I walked away with profit.
But soon after, SYTA hit my radar. When I saw it break through key resistance levels at $1.50, I jumped in. This trade yielded $4,700 in about 10 minutes, and hitting my daily goal that early on a Monday felt great! For most beginners, I’d advise locking in profits and walking away for the day.
Hitting the daily goal in the first few trades is a rare opportunity that only comes in hot markets. If you’re new to day trading, aim for consistency before trying to go for 4x or 10x gains early in your career. Learn more about building strong risk management habits while starting out.
Key Trades and Stock Movement
- SYTA
While I initially hesitated because its price was under $2 (stocks in this range typically aren’t my best performers), it had a strong news catalyst tied to T-Mobile, which gave me the confidence to enter. My first trade at $1.52 quickly surged up to $2.23, netting me the profit I needed to hit my goal early. - ISPC
This stock was the next big mover. It went from $6 to $9 in the blink of an eye, and I steadily added to my position as the price climbed higher. By the time this trade slowed down, I had locked up $6,000. This was a textbook momentum trade on a low float stock that’s perfect for day trading. Check out how I managed risk in similar trades. - DRUG
While DRUG didn’t work out today, I still managed to minimize my losses thanks to using very small trade size. I entered at $60 a share, but after a couple of quick moves, I had to stop out as it began to pull back. No big win here, but I knew the risks going into it.
Staying Mindful of Market Conditions
The market today was what I like to call “hot.” We had multiple stocks jumping more than 100% in early trading. These types of days are rare, but when they happen, it’s a day trader’s dream. GNPX was up 213%, BIVI was close behind at 142%, and SYTA hit 123%. This kind of market environment creates the exact volatility I look for when trying to maximize profits.
Always focus on news catalysts—they’re the backbone of my strategy. Stocks without fresh breaking news tend to underperform compared to those pushing headlines. Here’s how I approach day trading after breaking news hits.
My Plan Moving Forward
Tomorrow will be no different. My strategy revolves around scanning for stocks with strong news catalysts and small floats. More often than not, the best trades will present themselves early in the day during pre-market setups from 7:00-9:00 a.m.. I’ll continue to look for stocks under 5 million shares in float and focus on those that could move 5 to 10 points like we saw with DRUG last week.
As always, risk management is key. I’m currently riding a string of green days, but staying humble and avoiding overtrading is crucial. In the past week, I’ve made the costly mistake of pushing too hard and giving back profits—lessons learned the hard way!
Tips for New Day Traders
For beginners, here’s what I recommend when you’re starting out in day trading:
- Set Daily Goals: Keep your initial daily goal reasonable. If you hit it, consider walking away instead of risking it all.
- Don’t Overstay Your Welcome: When you’re up big, the temptation is to keep trading. There will be days when it’s better to quit while you’re ahead.
- Focus on Quality: Only trade stocks with news catalysts. Stocks without volume or exciting news are rarely worth pursuing in today’s fast-paced market.
If you’re looking to get into day trading, take some time to simulate trades and prove your strategy works before jumping in with real money. This guide will give you a clearer idea for getting started.
Final Thoughts
Today was a solid trading day, and I’ve already banked a strong cushion for the week. While not all days will be this profitable, knowing when to take advantage of the market’s momentum is key to successful day trading. I’m looking forward to tomorrow, and I’ll be hunting down more strong setups.
If you’ve had a winning day or learned something new, let me know in the comments. I’ll be streaming live tomorrow morning, so join me bright and early. If you’re interested in following my trades and learning more about the tools I use, now’s the perfect time to get involved.
As always, make sure you manage your risks carefully. Day trading comes with significant risks, so never trade with money you’re not willing to lose. Practice in a simulator first, and take time to develop your confidence.
Good luck, and I’ll see you tomorrow!
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
You can learn more about me on RossCameron.com and Tirekickers.com
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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.