Ross Cameron - Warrior Trading - GREEN TODAY on the Top 3 Leading % Gainers in the Market
The speaker discusses their daily routine of momentum trading, starting at 6:45 a.m. by identifying leading stocks in the market. They focus on stocks with high percentage gains, such as WHLR, ELAB, and PRFX, and explain their trading decisions based on market conditions and stock performance. The speaker emphasizes the importance of recognizing patterns like micro pullbacks and adapting strategies based on market trends. They also discuss the broader market context, including historical market corrections and the importance of staying invested during market dips. The speaker shares their trading results, achieving a $21,000 profit for the day and reflecting on their monthly and yearly performance, highlighting the significance of consistent market participation and strategic trading.
Key Points:
- Start trading early by identifying top percentage gainers in the market.
- Use micro pullback strategies to capitalize on stock momentum.
- Adapt trading strategies based on market conditions and stock performance.
- Stay invested during market dips to benefit from long-term gains.
- Achieve daily and monthly profit goals through consistent trading.
Details:
1. 📊 Introduction: Daily Market Recap Overview
- Daily market recaps are done consistently, regardless of market conditions.
- Subscribed viewers receive notifications when episodes are live.
- Three stocks were traded, all of which were among the top three leading percentage gainers in the market at the time of trading.
- The market was experiencing significant volatility, which presented both challenges and opportunities for traders.
- The selected stocks were notable for their significant gains, indicating strong market interest and potential for profit.
2. 🌅 Early Morning Trading Setbacks
- The leading gapper was a real estate investment trust (REIT) that started over 100% up, showing unusual momentum for its sector.
- WHLR, the REIT's stock, experienced significant volatility, rising to $6.50 before falling to $2.65, yet still managed to stay 12% up from its after-hours start.
- Volatility was marked by a series of movements: a big squeeze at 4-5 a.m., a pullback, and another curl up around 5:30-6 a.m.
- The trader's P&L for the day was $21,45.88, indicating a level of success in navigating the volatile market.
3. 📉 Chinese Stocks and Tariff Impacts
- A significant sell-off occurred just before 7 a.m., characterized by four red candles and heavier volume, creating a sense of discomfort among traders. This indicates a high level of market volatility and uncertainty.
- The absence of clear trading setups, both on one-minute and five-minute charts, led to hesitation among traders. This highlights the importance of having well-defined trading strategies, especially in volatile markets.
- The stock values descended back to their previous levels after the initial sell-off, suggesting a lack of sustained momentum in the market. This reflects the challenges traders face in predicting market trends.
- No trades were executed on WHLR due to the unfavorable market conditions, underscoring the necessity for traders to assess market readiness before executing trades.
- Despite a high trading volume of 108 million shares on RSLs, no attractive trading opportunities were identified. This emphasizes the difficulty of finding good trades even in high-volume stocks, and the need for strategic patience and analysis.
4. 🔍 Trading Strategies: Micro Pullbacks
- AEL, a Chinese company, saw its stock price surge by 300% from $2.50 to $9, despite no apparent news, suggesting possible effects of tariff-related speculations.
- The confusing market response followed announcements of both a 90-day tariff pause and an increase to 125%, highlighting the complexity of geopolitical influences on stock prices.
- AEL manufactures ceramic tiles, indicating potential vulnerability to U.S. tariffs, which may affect its market dynamics depending on export markets.
- This unexpected price movement challenges biases against Chinese stocks, emphasizing the need to monitor significant stock movements irrespective of geopolitical conditions.
- Yesterday's trading session achieved a notable gain of nearly $30,000 by 7:15 a.m., underscoring the potential for quick profits through early morning trading strategies.
5. 💰 Trading Success and Performance Goals
- The trader achieved a 250% increase but faced a slow start with no trades executed until after 8 a.m.
- At 8:05 a.m., the trader capitalized on ELAB's news, executing a trade that led to a $3,000 profit from a well-timed entry during a micro pullback.
- The trader emphasized the importance of the micro pullback strategy, offering a PDF guide to help others implement this approach.
- A series of trades on ELAB and KT eventually led to a total of $4,800 in profits by early morning, with a goal of reaching $5,000 for the day.
6. 📈 Market Trends: Long-term Investments and Market Cycles
- Generated $8,700 from trading PRFX by implementing a momentum strategy that targeted a high of 320 and monitored VWAP holds for optimal timing.
- Secured $7,800 in profits from ELAB by identifying and responding to a red flag pattern, specifically dramatic topping tails, which signaled a strategic exit point.
- Capitalized on KTTA's five-minute setup, trading from $2 to $2.20, contributing to a total daily profit of $21,000 across various trades.
- Reported a cumulative monthly profit of $171,000 by April 8th, with expectations to reach $190,000 after including today's trading results.
- Emphasized the significance of maintaining market presence during high volatility, as demonstrated by a rare 12% NASDAQ increase in one day, highlighting the need for agile trading strategies.
7. 🎥 Conclusion and Upcoming Content Highlights
- Missing a single day in the market where it goes up 12% can severely hurt yearly performance, emphasizing the importance of remaining invested.
- Cost basis averaging is recommended for long-term investing, which involves investing a fixed amount regularly to buy more shares during market dips.
- The market has experienced 56 corrections of 10% or more and 22 corrections of 20% over the last 100 years, with recovery periods averaging four months for corrections and nine months for bear markets.
- Currently, the market shows the highest volume in 18 years, with a significant retail trader investment of 4.7 billion, indicating a shift towards buying the dip instead of panic selling.
- A day trading strategy that involves cutting losses quickly and re-entering when a favorable setup appears is highlighted to manage risk effectively.
- PRFX is identified as a potential opportunity if it breaks through the 320 mark, though current market challenges, such as high volume red candles and circuit breaker halts, persist.
- The speaker achieved $21,45 in profits on the day, showcasing the importance of managing risk in trading due to its inherent riskiness.