Trading is risky, and most day traders lose money. Ross's results are not typical. All information provided is for educational purposes and is not investment advice or buy/sell recommendations. Read our full disclaimer.

Warrior Trading Blog

Lessons from My Worst Day in a Week

Hey everyone, Ross Cameron here! Today, I want to share a recap of my trading day, which ended up being my worst day in a week. I finished the morning up $3,257.66 (Results not typical). While this isn’t terrible, it stands out because I’ve been averaging $10,000 daily over the past five days. I’ve been on a hot streak lately, and I’m determined to keep the momentum going. But unfortunately, today fell short. Let’s dive into the recap!

Recent Performance Summary

My past two weeks have been stellar, with daily gains averaging around $10,000 (Results not typical). There was also an $8,000 green day, contributing to a very successful period. This consistent performance has been driven by disciplined trading and taking advantage of high-potential setups. However, today’s results were a stark contrast, reminding me that even the best streaks can face bumps.

Daily Market Conditions

This morning, I had concerns about the market’s activity. When I sat down at around 6:30 AM to check the scans, the leading gainer was only up by 30%. This was a signal that the day might be slow. I also scanned the market last night but didn’t find any strong movements after hours. My early morning intuition proved right, as today’s activity confirmed my fears.

Trade Recap

SILO

I hesitated on trading SILO, which turned out to be a mistake. SILO was the second leading gapper, starting around $1.60. I dismissed it, thinking it was too cheap and thickly traded. As the stock rose to $1.70, $1.88, and even $2.57, my hesitation cost me potential profits. If I had entered with 5,000 to 10,000 shares, I could have made $10,000 today just from trades on Silo (Results not typical). This missed opportunity was a tough lesson in staying open-minded and adaptable.

LASE

LASE popped up on the scanner around 7:40 AM. Initially, I was hesitant to trade it due to recent rejections in the market. But as it curled back up to $2.35, I decided to enter. I added at $2.45, and the stock moved to $2.60, $2.70. I made $1,300 from this trade (Results not typical), but it stalled at $2.65. This was still a green trade, but I was hoping for a bigger move, which didn’t materialize.

PAPL

Around 9:00 AM, I jumped into PAPL, entering at $1.36. It looked promising as it ripped through $1, but then stalled at $1.60. I took profit at $1.50, making a small gain before it rejected. Another trade that looked good initially but didn’t hold up. This pattern of pop and rejection was common throughout the morning, making it tough to score big gains. I managed to lock in $965 on the name.

KOSS

I saw momentum in KOSS and decided to take a small position at $9.75, anticipating a break of $10. It squeezed up to about $10.25, offering a small but decent gain. Sometimes, even small trades can add up, and it’s important to capture those opportunities when they arise. KOSS brought in $870 for me today.

LPA

I had one trade on LPA and made $60. Not much, but it had a daily level around $24-$25. If it breaks and holds above this level, it could be a good setup. However, it’s thinly traded with big spreads, making it risky. Given my P&L today, taking that risk didn’t seem wise. It’s essential to know when to play it safe and preserve capital. All said and done. I finished the day with a profit of $3257.

Monthly Performance Goals

My goal for the month is to break $100,000, and I’m currently at $72,000 (Results not typical). To reach this, I need to average $3,000 a day for the rest of the month. I’m focused on staying disciplined and avoiding unnecessary risks. The market has been tricky, but with careful planning and execution, I believe I can hit this target.

Future Expectations

Going forward, I’m looking for stocks with strong potential and clear setups. Whether they emerge from afternoon closings or breaking news, I’m ready to be aggressive when the opportunity is right. Staying disciplined and focused is key, especially when the market is slow. I’ve learned from today’s trades and am prepared to adjust my strategy as needed.

Conclusion

Overall, today was a challenging trading day, and it highlighted the importance of staying adaptable and managing risk. My results are not typical, and they reflect my experience and strategies in day trading. Remember, it’s crucial to set realistic goals and stay disciplined. For those interested in learning more, consider taking a trial of my trading course. Thanks for tuning in, and I’ll see you in the next blog!

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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

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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.