Ross Cameron - Warrior Trading - +$21,143.23 and a Public Apology...
The speaker discusses their trading day, achieving over $20,000 in profit primarily from trading the stock cpix, which moved from $4 to $6.50. They emphasize the importance of trading with larger share sizes in a hot market to maximize profits. The speaker also addresses personal comments made about their attire, explaining the context behind their clothing choices. They highlight the challenges of trading on a day with fluctuating market conditions and the need to adapt to different stock volumes and spreads. The speaker concludes by encouraging viewers to manage risk and practice trading before using real money.
Key Points:
- Achieved $20,000 profit mainly from cpix stock.
- Emphasized trading with larger share sizes in a hot market.
- Addressed personal comments about attire, explaining context.
- Highlighted challenges of fluctuating market conditions.
- Encouraged risk management and practice before real trading.
Details:
1. 🎉 Market Recap & Apology
- The day concluded with a substantial profit of over $20,000, demonstrating effective market strategies and timely decision-making.
- The session's total profits reached $70,000, indicating consistent performance and successful navigation of the current market conditions.
- The achievement was made possible by leveraging specific market opportunities and maintaining a disciplined approach to trading.
- This significant profit underscores the importance of strategy adaptation to the prevailing market trends and conditions.
2. 🎂 Birthday Misunderstandings
- The speaker publicly acknowledges a previous mistake, demonstrating self-awareness and accountability.
- A personal event, such as a birthday, impacted professional behavior, highlighting the need to balance personal emotions in a work context.
- Apologizing publicly may enhance the speaker's credibility, suggesting that taking responsibility can improve professional relationships.
- The misunderstanding involved details about a birthday celebration that led to miscommunication, emphasizing the importance of clear communication.
- Resolution was achieved by directly addressing the misunderstanding and clarifying intentions, which helped restore trust.
3. 🐅 Fashion Critiques and Reactions
- The speaker invested in a $37,000 genuine tiger skin sweater, emphasizing a commitment to luxury fashion and unique personal expression.
- Initially, a comment likened the fashion choice to 'The Tiger King,' which was received negatively by the speaker, highlighting the sensitivity around personal style and public perception.
- The comment was later amended to express respect, showcasing the importance of understanding humor and intent in social interactions around fashion.
- This exchange illustrates the social dynamics and potential for misunderstandings in fashion critiques, emphasizing the need for clear communication and the impact of public perception on personal style choices.
4. 🏁 Unwanted NASCAR Fashion Statement
- The speaker humorously addresses a comment from 'King cob 7' about their choice of clothing, particularly an ice cream cone sweater worn on their birthday, highlighting their playful approach to fashion.
- They discuss the necessity of wearing a NASCAR jacket gifted by in-laws, emphasizing the social obligation to wear it in their presence, which adds a humorous layer to the narrative about navigating social expectations.
5. 💼 Trading Successes and Strategies
5.1. Daily Trading Outcomes
5.2. Early Morning Trading Strategy
5.3. Strategic Insights and Approaches
6. 📈 Detailed Trade Analysis
6.1. Price Action Insights
6.2. Volume Analysis Insights
7. ⚖️ Trading Challenges and Market Conditions
- The daily trading goal is set at $5,000, adjusted from a previous $20,000 daily goal in 2020 where the average was $20,000 per day, resulting in a $5 million year across approximately 250 trading days.
- The market's increased volume in late 2020 allowed for higher daily averages and larger share sizes, but current market conditions have lower liquidity, making it challenging to trade with large share sizes.
- A recent trading session saw fluctuations in profit, with an initial gain of $1,200, increasing to $10,000, then $15,000, dropping to $13,000, climbing to $18,000, and finally settling at $21,000.
- Key trades included an initial loss of $4,000 on cpix, which later resulted in a significant squeeze from $4 to $6.50 per share.
- The trading session faced challenges with close halt levels, impacting the ability to achieve larger squeezes.
- Trading on Arnaz showed potential with a profit of $11,000, but larger spreads posed a challenge, resulting in losses on subsequent trades.