Hey everyone, Ross Cameron here! Today, I’m laying it all bare with a good ol’ Max Loss recap, a therapy session if you will. So buckle up as I dive into the highs, lows, and brutal lessons I learned this week about day trading.

This isn’t just about technical mistakes or poorly timed trades—it’s about mindset, emotional control, and fixing what’s been broken upstairs. Trading isn’t just strategy and numbers. It’s also figuring out how to control your brain when it feels like it’s about to explode.

Trading is 50% Skill and 50% Mindset

A lot of folks think day trading is all about finding the right strategy, knowing when to buy, and getting your math straight. But let me tell you, no strategy in the world will save you if your mindset is off.

Day trading? It’s 50% skill and 50% keeping your head in check. You need both. Trust me, if your emotions aren’t in check, you’re going to spiral fast. FOMO (fear of missing out), revenge trading, overtrading—it’s a rollercoaster. And if you’re not aware of it, things can blow up quickly.

This past week, for me, has been all about struggling with mindset. Maybe it was because I was trading while recovering from COVID (or maybe that’s just a nice excuse). But I got caught up in all the wrong emotions, and it crushed me.

The Breakdown of a Red Day

On Thursday, I was on a total rollercoaster. Let me walk you through what went down. I started strong—up a couple thousand on the day—but then I blew it. I saw GSIW heading into the close and, instead of being happy with the $5,000 I was up for the day, I started feeling FOMO. “What if I miss out?” I thought, and boom, I took another trade.

Bad move. I got greedy. Things looked great for a minute until the stock tanked, and I lost around $700. That should have been it—cut my losses and move on. Nope. I doubled down, trying to win back that loss. But in all of about five minutes, I watched myself go from up $5,000 on the day to flat. The emotional damage was done. And just like that, I was down $7,500. I was staring at a $12,000 swing.

It’s situations like these where I always ask myself, “How do I, after all these years of day trading, still find myself making these same mistakes?” The answer? It never completely stops happening to anyone, no matter how experienced you are.

FOMO and Chasing Mistakes

I’ll be honest: for me, this week has been driven by FOMO. The urge to chase a trade or make one more move has been overwhelming, and it’s wrecking me. I mean, who doesn’t love a good squeeze, right? But when you’re driven by the fear of missing out, it leads to all sorts of bad decisions.

I knew what I was doing was wrong—chasing after a stock that already had its run—but I couldn’t stop myself. That emotional spiral pulled me in, and I got caught up trying to undo my mistakes instead of just walking away.

What people don’t talk about enough is how much FOMO costs you, not just in money but emotionally. It’s what led me to add more shares to bad trades instead of cutting losses. As a result, I’ve wiped out huge potential gains.

Emotional Trading Spirals

What’s wild is that this whole mess didn’t start on Friday. Thursday was pretty much the same story. I was up $5,000, and I should have simply called it a day. But like clockwork, I jumped into more trades, trying to squeeze a few more hundred bucks out. Same emotional spiral, same results—I gave it all back and finished deep in the red.

It wasn’t even just one day. It’s been a series of decisions over the past few weeks where I’ve let my emotions run the show. Win a little, get overconfident, start chasing trades, then boom—it’s all wiped out.

This isn’t just about one bad red day, though. Day trading like this starts to bleed into your mindset for days, weeks after. Monday, I woke up still feeling the sting of those losses, and it poisoned the whole week. I couldn’t get my footing because I was trading emotionally rather than strategically.

The Plan to Fix Myself

So, here we are. I’m staring at two red days in a row, and I’ve got to fix this before it gets worse. First thing’s first: I’m setting a cap. On Monday, I’m limiting my share size to 5,000 shares per trade. I won’t take another big position until I’m back in the green. No excuses.

Another thing I’m doing? No more trades after 12:00 noon. The data is clear: I lose more money when I trade past noon. My biggest losses happen when I sit there, watching stocks I don’t even like, waiting for a miracle. No more of that.

The other part of the plan is purely mental. I need to fix my mindset. I’ve been too emotionally involved in every loss and every win. This weekend is crucial for resetting that part of my brain.

Conclusion

All of this? Just part of the world of day trading. But here’s the reality check: trading success doesn’t mean you stop making mistakes. You learn to control the fallout when those mistakes happen. So yeah, I’m a broken man right now, but I’m putting the pieces back together. I’ll be back stronger next week, with a plan to stop chasing losses, stop emotional trading, and get back to what worked for me before.

Thanks for sticking with me, and remember: day trading is risky. Always manage your risk and don’t mirror my mistakes, but learn from them. Take it slow, and I’ll see you on the other side!

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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

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.