Hey everyone, Ross Cameron here! It’s Tuesday, I’m back in the saddle, feeling about 85% better today. It wasn’t a huge trading day, but that’s okay! Sometimes it’s nice when the market doesn’t demand your absolute best. Let’s break down what went down today and talk day trading strategy.
Today was kind of slow, which gave me a chance to trade in both my main account and my small account challenge on ThinkorSwim (Results not typical). And the good news? I’m green on both sides! On the ThinkorSwim account, today marks day four of the small account challenge, but I’ll cover more of that in an upcoming video. Right now, let’s dive into my main account trades.
GLMD Kicked Things Off
So first up, we had GLMD, which was the biggest percentage gainer both yesterday and today. I sat down at my desk at 7 a.m. to see GLMD already moving in the wrong direction. But I saw some support at about $5.80 and decided to buy the dip, looking for it to break $6.
It popped up to around $6.15, and that trade made me about $900 (Results not typical). But then, I made another trade on it, added back, and lost about $600. So now I’m up only $300. Third try, I got another $150 out of it, so at this point I was up about $450. Slow and steady—but nothing to write home about yet.
Annoying Trades on VVPR and SNOA
Next came VVPR, and it got on my nerves a bit. When it first hit the scanner, I told myself I didn’t like the look of this stock. But it started ripping—first from $2.20 up to $3.00. By the time it pulled back, I thought, “Why not?” I jumped in…and it tanked. Lost about $600 there (Results not typical).
After that came SNOA, which had some news about FDA clearance. I bought a dip at $4.40, thinking it would rip back up. It didn’t. Another $353 loss. At this point, I was down around $350 on the day, having started just shy of a $1K profit earlier.
Small Size Kept Me Safe
Here’s the thing though, and this is key: I was trading with small size. On days when the market isn’t giving us big moves, you have to stay cautious. If I had gone in with 15,000 or 20,000 shares, I would’ve been facing much bigger losses. But by keeping things small, I stayed conservative and lived to keep trading.
Things started to turn with a trade on WHLR, which was one of my “maybe” stocks for the day. I got in at $9.18, and watched it slowly climb to $9.80. Not a huge gain, but enough to put me up about $1,000 (Results not typical). From there, I was back to $600 green on the day—making slow but steady progress.
GLMD Surprise Pop and Locking in $2K
Then at the open, GLMD surprised me. It ripped right up and squeezed from $6.40 to $8.80 at its peak. I didn’t expect it to skyrocket, but I played it safe with 1,500 share blocks, jumping in and out as it moved. My best exit was at $8.57—pretty solid (Results not typical). All in all, I finished the day up about $2,000.
Conclusion
Today was a good reminder that you don’t need massive trades every day to be successful in day trading. Some days, like today, are all about managing risk and keeping things simple. While $2,000 is a smaller win for me, it’s consistent and green (Results not typical).
Remember, trading is risky, and my results aren’t typical. Always manage your risk, refine your strategy, and stay patient. There’s no rush to push too hard on slower days.
Thanks for tuning in, and if you haven’t already, be sure to subscribe to the channel and check out the videos in the small account challenge. Keep your heads up, and I’ll see you in the markets tomorrow morning!
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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.