Hey everyone, Ross Cameron here! It’s Wednesday and we’re halfway through the week. Today was a small green day, just coming up shy of my daily goal. But you know what? That’s totally fine by me, because my focus this week is on consistency. Monday? Green. Tuesday? Hit double the daily goal. Today? Another green one—three days green and counting. I’m sitting at around $18,000 so far this week (results not typical), and that feels incredible after a tricky previous week.
Last week was mostly flat until I hit my max loss on Thursday and then ended slightly red on Friday. It was one of those weeks where nothing seemed to click. But, this week? The confidence is flowing again. The difference just a few green days make can’t be overstated—it gets your mind right, your confidence high, and it helps you trade from a place of strength instead of hesitation. Let’s dive into the details!
The Power of Consistency
When you stack up a few winning days, even if they’re small gains, it restores your self-confidence in a big way. This consistency is what drives confident trading. When your confidence is low, you second-guess everything. You hesitate, you miss opportunities, and then you make mistakes by overcompensating—getting in too high or chasing moves that’ve already run their course.
Trading is so much about being in the right headspace. When your brain’s in sync with the markets, you can execute trades without the nerves or fear that come with doubt. That’s why sticking to a disciplined process is key. You have to trust the system, avoid emotional decisions, and stick to what works for you.
Breaking Down Today’s Trades
So, let’s dive into today’s trading action. When I first checked the scans this morning, things looked pretty slow. I wasn’t too optimistic because the leading gapper at that point was MSGM, and it was only up by 35%. Not much excitement there. But then, like clockwork, OCTO popped up on my scanner and gave me the opportunity I needed.
The news hit right at 7 a.m., and it was a juicy one—$100 million revenue forecast, plus a strategic plan for 2025. Bam! The stock started squeezing, and that’s where I made my move. OCTO was already hitting my high-day momentum scanner, and it had some familiar patterns from yesterday’s session, though it had been tricky then—choppy price action, popping up only to drop back down.
Despite some of that hesitation from yesterday, I decided to give it a go. I took 5,000 shares, risking about $1,000. The stock squeezed from $3.80 to just above $4 in my favor—locked in about $1,500 on that first trade. Added back when it dipped, and traded a total of 7,500 shares after sizing up, finishing up $2,000 on OCTO alone.
Managing The Emotional Traps in Trading
Trading is all about managing your emotions. Today, I didn’t chase moves blindly, and I wasn’t impulsive. It’s super easy to overtrade, especially when you think you’ve caught a winner. After hitting green on OCTO, I could feel the temptation to keep going and squeeze every last bit out of it. I did give back a little bit, which happens, but I consciously pulled back before things went sideways.
That’s the risk with overtrading—and I’ve experienced this a thousand times—you feel like you’re on fire, but then you start slipping. The setups are no longer high-quality, or you’re chasing momentum that’s already fading. I made sure to scale back my trades once the market’s momentum started stalling.
Evaluating Metrics and Staying Smart
Speaking of staying smart, I hit $4,540.29 today. Not bad for a “short” day of trading. This was across three trades with solid accuracy. My accuracy today was around 80-85%, which is right in line with the last couple of days. I’ve been working hard on tracking my performance, and I think it’s paying off. Yesterday’s accuracy was about 80%, and Monday hit at 85%. The goal for me is to keep improving this stat while managing my risk.
One thing I’ve really zeroed in on is my profit-loss ratio. Over the last two days, my average loser is $98, while the average winner is a solid $430. If I can keep that ratio and those win rates steady for a full month, my numbers will look fantastic by the end. And better yet, a small increase in my share sizes could potentially double my earnings. That’s the game plan going forward, but of course, I’ll take gradual steps.
Learning From Past Mistakes
I’ve had my fair share of ups and downs. Last August was a great month with a 70% accuracy rate and a 2:1 profit-loss ratio. I was feeling great. Then September came around, and I got overconfident—trading low-quality setups and getting caught in a spiral of losses. The pressure builds, and sometimes it gets overwhelming.
It’s these moments that remind me to refocus on the process, avoid desperation, and reel it in when necessary. When I lose big on a trade, sometimes I hesitate to jump back in, even when fresh opportunities like BNCI arise. That prolonged hesitation can cost you real opportunities, but that’s part of the learning curve.
Market Cycles and What’s Next
One thing I’ve noticed over the course of my career is that these kinds of hot and cold periods don’t follow the seasons—they’re cyclical. You can go from an incredibly hot market where everything seems to work to slower phases where things barely move. Right now, September feels slower, but it’s not as ice-cold as March was.
I’m optimistic that we’ll get another hot streak soon, and I want to be ready for it. My aim is to have my account set at all-time highs when it comes. That way, when the market catches fire again, I’m ready to size up and hit it hard. My key takeaway? Keep those drawdowns controlled, don’t spiral, self-correct quickly, and position yourself for the next big opportunity. That’s the plan.
Wrapping It Up
Alright, that’s it for today. I’m sitting below my daily goal at $4,540.29, but it’s still a win. I’m calling it a day, and I won’t be taking any more trades. It’s important to know when to walk away and leave the keyboard behind. Consistency is key, and today’s another step in the right direction. I’ll be back at it tomorrow, refreshed and ready to go.
Remember, day trading is risky—manage your risk, stay patient, and I’ll see you guys in the next blog. Happy trading!
Stay Connected
Warrior Trading was founded by Ross Cameron in 2012. Today Warrior Trading is a thriving community of thousands of day traders learning to trade under the curriculum designed by Ross
You can learn more about me on RossCameron.com and Tirekickers.com
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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.
