Hey everyone, Ross Cameron here! Today, we’re breaking down the trades from this morning, and I’m happy to say it’s been a solid green day, even on a slower Friday. It’s always great when you lock in a profit, especially when the market isn’t serving up the best setups. My daily goal was almost hit, but I’m content because Fridays are notorious for being slow. Let’s dive into the trades, the thought processes, and the lessons I’ve pulled from today’s action.
Riding the Momentum Early in the Morning
The day started out with some pretty low expectations. As soon as I opened up my gap scanner this morning, I saw a stock that was up 150%, and that got me excited at first. But when I looked closer, I realized it wasn’t ideal for trading. The move had already happened the night before, after hours, at around 4 p.m. That’s always tricky, because the big, clean push already happened. Jumping in at that point would’ve meant I was trading the backside, and I’d most likely get caught in something choppy.
This left me with the second leading gapper, which was only up 20%. Seeing that, I figured it was shaping up to be a slow trading day. Sometimes, especially on a Friday, you don’t want to push too hard because the setups just aren’t there. I even went into the session prepared for a no-trade day—and I was surprisingly okay with that if it came to it.Getting Knocked Back, Then Recovering
My first trade of the day was on ADTX. Right off the bat, I took a $400 loss. Not the best way to start, but it didn’t put me deep in the red either. It’s just a part of the game. The stock had potential since it recently went through a reverse split. Stocks like this get a lot of volume, but that comes with issues—like bag holders getting stuck in the trade and retail traders not getting the move they expected.
I took my first entry after a big green candle, expecting a decent move from $2.19 up to $2.32. There was a chance for $0.10 per share profit, but I didn’t lock it in. Instead, it dropped, and I stopped out for a loss. That was pretty frustrating. But I made a small recovery, getting back in two minutes later on a dip trade for $200. Not perfect, but at least I wasn’t completely underwater.
BENF: Slow and Steady Wins the Race
BENF was my second stock of the day. It was kind of a grinder, slowly making its way higher and higher. I don’t typically love trades like this, but it worked out when it broke over $2. I took advantage of that momentum, and while it wasn’t a massive mover, I did pocket about $1,200 in profit. I wasn’t aiming for a home run here—just trying to hit solid base hits to keep the momentum going.
This brought my daily total up to around $1,000, and I was happy with that considering it was a slower Friday. At that point, I was ready to call it a green day and be done. And then out of nowhere, FORD made an appearance on the scanner—and that changed everything.
Unexpected Spike in FORD
So, FORD suddenly appeared on the scanner—super random with no real news behind it. It wasn’t hitting at a typical time like 8:30 or 9:00. Instead, it popped up at 9:17. That got me thinking maybe there wasn’t even a headline tied to this, and maybe some traders were just hitting it for no clear reason. But that didn’t stop me from getting in for a quick scalp at $4.70. I took 1,570 shares, and when it popped to $6, I was able to grab $1,500 off the table.
The thing about trades like FORD is that, while the setup may feel uncertain because there’s no news, the price action can still give you plenty to work with. You just have to be cautious not to push your luck too far without a solid catalyst. FORD pulled back and bounced up to $5.66, and I managed to capture a bit more profit off that move. By the time the trade settled, I was up just under $7,000 on the day. Not a bad place to be on a Friday morning.
Giving Up Some Gains: The Importance of Discipline
Now here’s where I made a mistake—I ended up giving some profit back. Almost $2,000 to be exact. The problem started when I added back to my position at $6.05 during what I thought was a clean breakout, but it turned into a false breakout. The stock dropped, and I got stopped out. I tried getting back in on the next move over $6, but again, I got stopped out.
After two losses like that, I went from being up $6,800 to $4,800—a 30% drop in profit. At that point, I knew I had to walk away before the losses became bigger. It’s easy to get caught up in chasing trades, but sometimes stepping away is the best move. You just can’t let emotions drive your trading decisions.
Wrapping Up the Week
So, I ended the day up $4,800. Not bad, right? It’s a green day to cap off a slow week, and although I gave back a bit of profit, it could have been worse if I didn’t step away in time. Trading is always a balance of taking advantage of what the market gives you while knowing when to pull back.
Looking at my week, I’m happy with the consistent profits. The setups weren’t great every day, but I stayed disciplined, and that’s key. Going into next week, I’ll reassess, keep an eye out for more solid setups, and maintain this momentum. This week’s goal of $15,000 was essentially hit, so I’m walking into Monday with a solid cushion and little need to rush into anything.
Just remember, green days like these—especially on slower market days—are all about being patient, letting trades come to you, and taking advantage of the opportunities when they arise. No need to force it if the right setups aren’t there. Stick with your strategy, manage your risk, and take it slow when things are choppy.
Alright traders, that’s it for today. Thanks for sticking with me, and remember, get your morning analysis done, trust your strategy, and don’t chase trades. I’ll be back early next week. Until then, trade smart, and don’t forget—there’s always another opportunity just around the corner!
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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
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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.
