Ross Cameron - Warrior Trading - +$15,402.54 in 90 Minutes Day Trading
The speaker begins by discussing their trading experience with stocks that have no news, highlighting the challenges of trading penny stocks due to high commissions and the need for large share purchases. They express skepticism about prop firms, citing restrictions on trading strategies, share limits, and profit splits as drawbacks. The speaker emphasizes the importance of having one's own trading account to avoid these limitations. They also discuss specific stocks traded, such as O, NXU, and NLSP, detailing their trading strategies and outcomes. The speaker concludes by promoting a trading community, offering educational resources, and encouraging new traders to practice with simulators before investing real money.
Key Points:
- Avoid trading penny stocks due to high commissions and need for large share purchases.
- Prop firms often impose restrictive trading strategies and share limits.
- Having your own trading account avoids prop firm limitations and profit splits.
- Practice trading strategies with simulators before using real money.
- Joining a trading community provides educational resources and support.
Details:
1. 📊 Navigating Stock O's Unexpected Volatility
1.1. Stock O's Unusual Volatility
1.2. Trading Challenges of Penny Stocks like Stock O
2. 🏛️ Weighing the Pros and Cons of Prop Trading Firms
2.1. Cons of Using Prop Trading Firms
2.2. Pros of Using Prop Trading Firms
3. 🔍 Stock Evaluations: NXU, INTZ, and Market Trends
- NXU: A buy-and-hold strategy has proven profitable, whereas quick breakout and scalp strategies lead to high commission costs. Traders are advised to use commission-free brokers to reduce expenses.
- WAT: Despite a 287% increase as a leading gapper, WAT is considered difficult to trade based on past experiences, highlighting the importance of evaluating trading history.
- INTZ: As a continuation stock, INTZ exhibits unpredictable spikes and choppy trading patterns, making it challenging to predict and trade effectively.
- General Insight: The performance of stocks like NXU and INTZ underlines the need for strategic planning and careful selection of trading strategies to minimize costs and maximize returns.
4. 📈 Trading Success with OOCO and NLSP Strategies
- OOCO stock was identified on the high of day momentum scanner around 7:00 a.m. despite starting its move on light volume without a clear catalyst.
- The stock initially reached a high of $2.78 before pulling back, at which point a breakout was observed.
- The trader entered the position on a green candle with high volume, starting with 4,000 shares and eventually scaling up to 16,000 shares.
- A significant squeeze took the stock up to $3.00, at which point some profits were taken, marking a decent but not parabolic move.
- Subsequent pullbacks provided additional trading opportunities, with trades executed from $3.20 to $3.60 and $3.60 to just under $4.00.
- The stock eventually unwound, returning toward VWAP, concluding the trading sequence.
- The trader realized a profit of $8,000, noting a slow start and an initial uncertainty about the stock's potential.
- The stock maintained a 50% increase on the day after previously being up over 100%.
5. ⚠️ Challenges and Strategies: Trading Amix
- NLSP had news with a sub one million share float but traded on light volume, causing uncertainty in trading strategies.
- The initial trading strategy for NLSP involved entering at 3.38 and quickly exiting at 3.63, indicating a cautious approach due to the light trading volume.
- Further trades on NLSP were made with re-entries and exits at prices of 3.46, 4.10, 4.50, 4.84, and the best exit at 5.09, showcasing adaptability in trading strategy.
- Despite NLSP being up 42% on the day, it experienced a significant pullback by the end of trading, reflecting a trend of stocks not holding up throughout the day.
- The trading strategy for AMIX involved quick trades that initially resulted in losses, but recovery to a green position led to a strategic decision to cease trading and avoid further risk exposure.
6. 🎓 Achievements and Opportunities with Warrior Pro
- Achieved $15,429 in trading from a mobile setup in St. Kitts, highlighting the potential for profitability using remote trading strategies.
- Warrior Trading is offering New Year sales on their Warrior Starter, Warrior Pro, and Warrior Pro special bundle, providing a cost-effective opportunity to join the community.
- Emphasized the importance of commitment by sharing a personal story of starting trading as a New Year’s resolution, leading to consistent daily engagement.
- The Warrior Pro bundle offers a full year of access to live trading broadcasts, enabling members to trade alongside an experienced trader.
- Warrior Pro members receive 90 days of access to a trading simulator with real-time level two data, facilitating practice in a risk-free environment.
- Additional resources for Warrior Pro members include access to trading scanners, charts, a news feed, a chat room, and live broadcasts.
- The speaker stresses the importance of risk management and practicing with a simulator before trading with real money.