Hey everyone, Ross Cameron here! It’s Wednesday morning, and we’re officially halfway through the week. I’m locking up another green day, which feels good. Although I didn’t quite hit my daily goal, I’m close enough to call it a win. Honestly, right now, my goal for this week is all about consistency. Yesterday I actually doubled my daily goal, so that was a nice bonus. Monday was also solid at about two-thirds of the goal. So far, I’m sitting on three green days this week, and they’ve added up to around $18,000, which puts me in a pretty good place.
Last week was a bit of a roller coaster, with green days on Monday through Wednesday, but then a max-loss day on Thursday followed by a slight red day on Friday. It feels good getting back in the groove after that kind of week. Confidence is everything when it comes to day trading, and man, the difference between last Friday and today is night and day. A couple of consecutive green days really restores your self-confidence. Without it, hesitating over trades—and then potentially overcompensating—can spiral into losses. Let’s talk more about how it went down!
The Power of Consistency in Day Trading
Starting this week with small base hits has been everything for my confidence. I’ve said it before, and I’ll say it again: confidence plays a massive role in trading. When you’ve got that self-assurance, you make trades decisively. You follow your plan because you trust that process. On the flip side, when you’re lacking that belief in yourself, it’s like you’re constantly second-guessing. That hesitation can lead you to miss opportunities, and then you find yourself chasing trades, entering too high, and getting emotionally invested. It’s a cycle that leads to losses.
Today’s green day came after what initially seemed like a slow morning. When I first checked the scans, the top gainer was only up about 35%. That’s a pretty weak gapper. However, just as I was starting to figure it might be a slow day, OCTO popped on my radar, and that’s when things picked up.
Trading OCTO
OCTO was where I kicked things off today. Around 7 a.m., the news dropped about a $100 million revenue forecast for 2025 and a strategic plan. That was a good headline, and it didn’t take long for the stock to start moving. Of course, it hit my high day momentum scanner, which, along with the audio alert, made sure I didn’t miss the action. I immediately recognized the stock as something I had looked at previously, which gave me a bit more confidence in trading it.
Yesterday, OCTO had been easier to borrow, but it was choppy. Every time it popped, it seemed to drop back down before you could really make any good moves. Knowing that, I hesitated a bit when it started moving again today—a good hesitation because it was based on previous behavior, not emotion. Once the stock showed some stability, I jumped in around $3.96, risking about $1,000. That first trade netted me around $1,000—small, but green. I hit a few more trades and by the time I finished trading, I’d locked up about $2,000 on OCTO alone.
Managing Risk Like a Pro
Early on, I was trading with a 5,000-share size. Once I got up to $1,000 in profit, I felt comfortable enough to bump it up to 7,500 shares, allowing me to be slightly more aggressive. That’s a strategy I’ve been using for a while now—essentially, earning the right to take bigger risks as my profits grow. It’s a careful balance. Start too aggressively, and you can end up wiping out good trades. But starting conservatively, and scaling up as you build your profits, is the sweet spot.
Risk management is huge in day trading, and the more I can feel confident about my strategy, the better my results tend to be. It all comes down to finding that comfort zone where you can push your limits at the right time without being reckless.
Key Metrics: Tracking Accuracy and Profits
After three days of trading this week, I’ve looked at my accuracy and am feeling pretty good about it. Yesterday, my accuracy was around 80%, and the same goes for today. Over the past two days, my profit-loss ratio has also been solid, with each winner averaging $430 and the losers at only $98. That ratio is exactly where I’d want it to be, and it’s a big reason why I’ve had a few successful days in a row now.
Looking back at September as a whole, though, things have been a bit tougher. So far, my average accuracy has been only about 60%. I mentioned earlier that last week was flat overall—while I had some green days, the losses on Thursday and Friday wiped out a lot of that progress. However, we’re always learning from our down days.
One of the biggest lessons I learned last month was to stop overtrading. When the market’s hot, you can sometimes get away with overtrading, but when it cools off, those extra trades are what get you in trouble. I’ve had to rein it in and remind myself to trade only when it makes sense.
The Importance of Reviewing Your Metrics
Metrics are important. They’re how you keep yourself honest. I rely on them to tell me where I’m making mistakes, where I can improve, and when I need to make changes. For instance, I’ve been paying attention to how late in the day I trade and noticing that those later trades tend to not perform as well. One of the rules I’ve set for myself recently is a hard stop at 11 a.m. to avoid risking my gains by trading too aggressively midday.
When I look at my history over the years, I can see trends. 2016 was strong through the summer, 2017 was better in the fall, and 2020 exploded after March due to the pandemic. The pattern? It’s not about seasons; it’s about cycles. Sometimes the market’s hot, and sometimes it’s not, and every month brings different opportunities. What’s key is keeping my account near its highs, so that when those hot periods happen, I can get aggressive without playing catch-up from losses.
Staying Focused and Disciplined
I’m finishing today just under the daily goal at $4,540.29. It’s not massive, but it’s consistent. And right now, consistent is exactly what I’m after. I’m not going to keep staring at the screens today, trying to squeeze out extra trades. I’m shutting down, walking away, and getting ready for tomorrow.
The biggest takeaway from this week so far? Consistent green days build confidence, and confidence leads to better trading. It’s all about staying disciplined, focusing on high-quality setups, and managing your risk properly. I’ll be back tomorrow morning, ready to do it all over again. Remember, everyone, day trading isn’t easy, and it carries real risks. Manage them carefully, take it slow, and I’ll see you in the next blog!
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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.