Hey everyone, Ross Cameron here! Welcome to today’s recap, where I’m diving into my trades from the day. While today wasn’t a blockbuster day, it was another step toward making August my second-best month this year. I was definitely not expecting that, considering August is historically slow for me.
While yesterday was filled with stocks making big moves only to retrace later, today’s market felt slower, which I had anticipated. This cautious approach comes from noticing several stocks yesterday popping up before fading back. Let’s dive into the recap!
Morning Routine and Scans
I started my day early, taking my first look at the market scans at 4:30 a.m. and again at 5:30 a.m. While not much looked promising initially, there was an early morning spike with STAF showing up as our leading gapper, up about 175%. This kind of volatility is what day traders dream of. However, as I always say, it’s crucial to remain cautious.
Tackling STAF
Unfortunately, STAF began squeezing before 7 a.m., making me hesitant to make a move due to the lack of volume. Right before 7:00 a.m., it started showing promise but then pulled back. Not every setup is worth chasing, especially when the market is fickle. Sometimes, it’s better to wait for a more stable opportunity. However, I decided to pull the trigger on it anyways and locked in a nice gain of +$1,507.98 (results not typical).
My Wild Ride with GDC
GDC was next on my radar, a small-cap stock from China known for its choppy history. The daily chart had shown wild swings in the past, which made me wary. Initially, I went red on my first trade of the day, down by $160. But with patience, I turned things around. By jumping back in as GDC began to rally, I not only recovered but also ended up with a +$3,644 gain. (Results not typical)
Trading GDC taught me the importance of adapting quickly and holding my nerve. It wasn’t the easiest stock to trade, but flexibility and perseverance paid off.
Brief Interaction with AIRI
I then turned my attention to AIRI, which had made some interesting moves. Known for its pattern of popping and dropping, I made a small gain of $389 on this one. The easy-to-borrow status suggested it wasn’t a huge short squeeze risk, making it slightly less appealing. This time, I decided one trade was enough. Always listen to that gut feeling—sometimes it’s the best guide.
AMS’s Sudden Surprise
AMS was the last notable stock of my day, surprising everyone with a quick jump up to $4 before pulling back sharply. Without any clear catalyst, these volatile moves can be tricky. I did manage to make a profit of about $800, riding the momentum carefully. (Results not typical)
AMS reinforced my belief that being nimble and quick to act can sometimes yield unexpected rewards. Trading without clear news required an extra layer of caution.
Wrapping Up
By the end of the session, I had made a total of +$6,372.84, managing to stay green on all four stocks (Results not typical). These base hits are essential for keeping August strong. Trading isn’t always about home runs; it’s about discipline and sticking to your strategy.
Keep in mind that my personal trading performance isn’t standard. Trading carries risks, and success requires careful consideration. As I refine my skills and adapt to the market’s unpredictable nature, I encourage all traders to practice with caution. Build that positive feedback loop with quality setups, and remember, every day in the market is a learning opportunity. Thanks for reading, and happy trading!
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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.
