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This Momentum is UNREAL

This Momentum is UNREAL

Ross Cameron - Warrior Trading

19,625 views yesterday Save 6 min 4 min read

Video Summary

A trader experienced a volatile day, starting with FOMO and hesitation, leading to missed opportunities. After a significant win on a "slam it hard" trade that briefly pushed the small account over $100,000, the trader gave back half the profits. Despite a net gain of over $10,000 for the day, the trader ended up red in their larger account, highlighting the challenge of managing risk across multiple accounts. The day's trading also contributed to over $492,000 raised for charity, with a goal of donating to children's hospitals nationwide.

Short Highlights

  • Trading Day Performance: The trader ended the day up over $10,000 but gave back half of earlier profits.
  • Charity Contributions: Over $492,000 has been raised for charity, with a goal of donating to children's hospitals nationwide.
  • Missed Opportunities: Initial hesitation led to missing out on early stock movements.
  • Key Trades: A "slam it hard" trade resulted in a huge winner, but a subsequent trade on GRML led to an $8,000 loss.
  • Account Discrepancy: The trader was green in the small account but red in the larger account for the day.
  • Small Account Milestone: The small account, started at $2,000, is nearing $100,000 in total growth.
  • Risk Management Challenges: The trader struggles with managing risk effectively across multiple accounts.

Key Details

Early Morning Hesitation and FOMO [0:10]

  • The trader began the day with FOMO after a stock moved over 200% before 7 AM.
  • Hesitation on the next promising stock due to uncertainty about market themes and dispersed attention led to sitting on the sidelines.

    "I got a little dose of FOMO. The next stock that popped up and looked good, unfortunately, I hesitated because I wasn't sure that it really fit the theme of what was working today, and I was concerned that we had dispersed attention."

A "Huge Winner" and Subsequent Profit Giveback [0:38]

  • After missing initial moves, the trader identified a stock and "slammed it hard," resulting in a significant win.
  • Despite the success, the trader continued trading and gave back approximately half of the profits earned.

    "And so what ended up happening was I sat on the sidelines and missed a couple of moves, and then we had a stock that popped up and I slammed it hard. I was like, all right, I'm not going to miss this one. And I ended up having a huge winner on it, which was incredible."

Charity Progress and Goal [1:13]

  • The trader is up over $10,000 for the day and has raised over $492,000 for charity through small account challenges.
  • The goal is to donate to a children's hospital in every U.S. state, having already reached 50 hospitals and planning to include Puerto Rico, Washington D.C., Guam, and the Virgin Islands.

    "And so we have now raised over $492,000 for charity. All the profits from my small account challenges are getting donated to charity."

Archon Trade and Discrepancy [3:10]

  • The trader hesitated on Archon (ARCN) initially due to low volume but entered when relative volume increased, resulting in a significant win in the small account.
  • However, the trader chased Archon in the larger account, leading to a substantial loss as the stock reversed sharply.

    "And so in fact, I'm a little bit frustrated because on this one, I'm green in the small account where I got in first, and then I chased it in my big account, thinking it was just going to keep cranking because of the level of momentum in the market today."

GRML Loss and Small Account Setback [6:30]

  • A trade on GRML, entered quickly due to a desire not to miss out, resulted in an immediate $8,000 loss.
  • This loss erased significant gains, pushing the trader below the $100,000 milestone for the small account that they had briefly surpassed.

    "I started the day with a winner in the small account, a pretty big winner. You'll see it in a moment when I share with you the PNL. Um, but I continue to jump into another trade now, by the way, um, our con, when it first hit the scanner, I did my quick evaluation of the five pillars of stock selection, recognize the volume was too low, including the relative volume and the flow was a little higher, which is one of the reasons I didn't jump in it down here."

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