Hey everyone, Ross Cameron here! Monday mornings can set the tone for the week, and today was no different for me in the world of day trading. While my day started rough, with a series of red trades, I managed to turn things around. It’s all about staying focused and sticking to your rules.
Today’s Rough Start
My first trade at 7:00 AM went into the red. The second and third trades followed suit, putting me deeper and deeper into the red. By my third trade, I was down about $1,900. The good news? I didn’t hit my Max loss, and my losses got smaller with each trade. Many traders know how quickly losses can spiral out of control, but that didn’t happen to me today. (Results not typical)
Recovery Strategy
Once I reached that $1,900 loss, I knew I had to change my approach. I started to focus on smaller, more calculated trades to dig myself out of the hole. My first few trades were on SERV, straight off my watch list. Unfortunately, SERV was tricky today, and my initial losses were substantial. However, I remained disciplined and looked for opportunities to recover.
Turning Things Around
After the initial setbacks with SERV, I moved on to other stocks like MLGO, CYN, and HEPA. Each trade had its moments, but none were major winners. Then, MIRA started to show potential. This stock made a significant move, and I saw an opportunity. I took a risk, jumped back in, and managed to swing from red to green, making about $1,000 on that trade alone. (Results not typical)
Closing the Day Strong
By mid-morning, I had made enough small trades to turn my $1,900 loss into a profitable day of $3,735. I managed to stay calm and focused, which was crucial to my recovery. I did hit a high of over $6,000 at one point, but after a single trade wiped out nearly half of that, I decided to walk away at $3,735. (Results not typical)
Final Thoughts
Day trading requires discipline, focus, and the ability to recover from losses. Today’s experience reinforced the importance of sticking to my rules and not letting emotions dictate my trades. While $3,735 is a solid green day (Results not typical), it’s essential to remember that trading involves risks, and results can vary greatly.
Stay tuned for more updates, and don’t forget to subscribe to my YouTube channel for daily recaps. As always, these are my personal trading results and not typical for most traders. Happy trading!
Stay Connected
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
Check out my new book How To Day Trade: The Plain Truth
You can listen to me on Apple Podcasts
Make sure to follow my YouTube Channel
Check me out on Facebook
Watch behind the scenes on Instagram
Stay connected with me on X
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.