Hey everyone, Ross Cameron here! It’s Thursday, and I’m off to a great start—up $21,780 on the day, which is four times my usual daily goal of $5,000. This might sound odd, but I’m starting to think this shirt I’m wearing is lucky. I’ve worn it nearly every trading day recently, and I have no complaints about the outcome so far. Maybe I’ll have to keep testing this theory.

Now, let’s dive into today’s action. There’s definitely been some interesting moves, though not all of it was easy to explain.

Unusual Stock Movements: No News? No Problem!

We had two stocks today—one shooting up 138% and the other spiking 19%. The weird thing? No news to justify either move. This made me pause because typically, I prioritize stocks that have a clear news catalyst before I dive in. It’s part of what I call my Five Pillars of Stock Selection. If you want to check out that framework, I’ve got a free guide that breaks it down—you can print it out and use it as a daily resource.

But back to today: even without significant announcements fueling these stocks, they were moving. And in one particular case, I saw something familiar—a technical bounce.

What’s a “Dead Cat Bounce”?

One of today’s weird movers was $EFSH. It’s a classic example of what’s called a “dead cat bounce.” The stock had an insane run from $1.50 to nearly $10, but after crashing back down, it started bouncing off a low point. The term “dead cat bounce” might sound harsh (cat lovers, I’m sorry!), but it’s a useful analogy. Even when a stock (or object, in the case of the term) appears to be “dead,” it can still bounce a little after a large fall. Traders expect these bounces, hoping to capitalize on them.

$EFSH had no real news supporting its movement, but because it’s a low-float stock—less than a million shares to be exact—it still draws in traders looking for a quick bounce, especially in a hot market.

Why I Stayed Disciplined

While stocks like $EFSH were making volatile moves, I stayed focused. One critical change I made this week comes from lessons learned the hard way. Last week, I noticed that I gave back profits four out of five days after the opening bell. In one case, I lost 20% of my daily gains. Those were painful reminders that trading beyond my plan can go south really fast.

So, I told myself I’d be more disciplined this week. That’s exactly what I did today. I didn’t chase $EFSH despite the bounce. Instead, I stuck to my playbook. I’d already stacked over $1,700 before the market opened, and I didn’t want to give any of it back by making impulsive trades. Historically, that’s been my downfall late in the morning, and I wasn’t looking to repeat past mistakes, no matter how tempting the move was.

Breaking Down the Trades I Actually Took

Now, let’s talk about the stocks I did trade. My first trade was on $SAG, a stock that IPO’d yesterday. I managed to jump in around the VWAP (Volume Weighted Average Price), which gave me a pretty clean run. I took small, strategic positions here and there, and it paid off. I didn’t want to overstay my welcome, though, so I made sure to keep my size small—lesson learned from earlier weeks when overstaying cost me profits.

Next up was $TVGN, which was showing some strong pre-market action. I got in early, and as it rose, I took my profits at around $2,500.

After that? $ZENA. I jumped in late, so I didn’t catch the full ride, but I locked in some wins as it moved. My final two trades—on $BOF and $PEGY—were fairly typical, but by that time, I was already well above my daily goal. After the early success, I didn’t push too hard.

Adapting My Daily Goals

With my daily average sitting comfortably around $6,500 this year, hitting goals has become a bit more complicated. I’ve considered raising my target to $10,000 a day when the market’s hot, but it’s tricky. You don’t want to get greedy, but you also don’t want to back off the pressure when the market’s giving you solid opportunities.

This “push and pull” is a lot like ski racing. If the course is icy and fast, you’ve got to put up your best time. But when the weather’s bad or the snow’s slushy, you need to adjust your expectations. It’s about adapting to the conditions and playing the course in front of you. Trading’s no different.

Profit Loss Ratio: A Key Statistic

One stat I’m really proud of this year is my profit-loss ratio. It’s been one of the best I’ve ever had. My average winner is about $645, while my average loser is only around $480. Compare that to last year, when my winners were smaller than my losers, and it’s clear how things have shifted in my favor this year. It’s a small tweak that has made a huge difference to my overall performance.

In fact, I’ve taken more than double the number of trades this year than I did by this time last year, logging considerably more profit in the process. Consistency and focus have worked better than chasing wild highs.

Closing Thoughts

All in all, it’s been a richly rewarding day. The market is still hot, and while things were definitely a bit unusual today—like seeing stocks pump without any solid news—that’s part of the game. I stayed disciplined, learned to avoid FOMO (fear of missing out), and locked in some solid profits.

I encourage you all to check out my Five Pillars of Stock Selection—especially if you’re still figuring out how to zero in on quality trades. And remember, as always, day trading is risky. Take it slow, manage your risk carefully, and always trade in a simulator before putting real money on the line.

Thanks for reading, and I’ll catch you in the next post!

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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.