Hey everyone, Ross Cameron here! Monday morning went just about as planned, and I couldn’t be happier with how things turned out. I managed to hit four times my daily goal in no time, and there’s still plenty of momentum in the market. Here’s a breakdown of the day’s trades and how everything fell into place.
I kick-started the day sitting with $4,700 in profits from just one trade, and by the time I finished trading, it had snowballed into $21,000. This month of October has officially become my best month of the year, and with over a week left, I’m excited to see how much further I can go.
First Trade of the Day
My first trade of the day was on GRI, which was the top percentage gainer early in the pre-market. At around 6:45 a.m., I was keeping a close eye on this stock as it had some strong after-hours and pre-market activity, especially around the $2 mark. I jumped in for a quick trade as it dipped to about $1.99. My aim was for a small rip back up to break past $2.25, but the stock didn’t give me much. I walked away with just about $60 in profit – hardly a win, more like a breakeven.
Starting with a relatively small win isn’t discouraging, though. I’ve always treated these first trades as base hits to build momentum. More important was that I was already green on the day, even if just a little.
Achieving My Daily Goals
My daily goal is $5,000, but once I saw momentum today, I knew there was potential to exceed that in no time. It’s important to set these goals because they serve as a guidepost, helping me know when to pull back. For beginners in day trading, I’d suggest sticking to your goal strictly. However, once you’ve got some experience and understanding of the market’s rhythm, there are times when it’s smart to push your profits beyond the daily target.
That’s exactly what I did today.
Breaking Through Resistance
SYTA became the standout stock of the day. When it first hit my scanner, SYTA was sitting around $1.18. I wasn’t confident initially, as the stock had some higher volume red candles early on and already had sellers stacking at $1.22. However, SYTA had a fresh news catalyst about a deal with T-Mobile, and that piqued my interest.
Once SYTA broke through $1.50 – a psychological resistance level – I jumped in at $1.52 with a tight mental stop loss set at $1.49. This strategy paid off big time as SYTA ran all the way up to $2.23. I locked in $4,700 in just under 10 minutes.
At this stage, I could’ve called it a day. After all, I had already hit near my daily goal. But when you spot potential for more, especially with multiple stocks showing enormous gains, it’s hard to walk away.
Managing Risk and Overstaying Trades
One of the key things I’ve learned from past weeks is the danger of overstaying a trade. When the market is hot, it’s tempting to keep pushing for more, but this can lead to giving back hard-earned gains. Last week, I made that mistake a few times. Learning to manage your trades and knowing when to step back is critical—especially in a high-volatility environment like today’s.
Today, I told myself I wouldn’t repeat those errors. After crossing $22,000 in profits (mostly from SYTA and ISPC), I gave back $600 on a small trade with DRUG. While losing some profit stings, it was a small setback compared to my overall gains. I walked away just below my high of day, which is a win in itself.
Reading the Market and Spotting Opportunities
When you have multiple stocks like GRI, SYTA, and ISPC each up over 100% in a day, you know you’re trading in a strong market. Scanners played a key role in spotting these massive standout stocks. I always monitor leading percentage gainers early in the day and watch for news-driven momentum.
MY scanner showed GNPX, BIVI, and GRI leading early in the pre-market with gains well over 100%. These were signs of a hot market, and when you’re a day trader, you need to jump on those floaters and capitalize while the market is ripe.
Managing Volatility for Big Wins
ISPC was another stock that went wild today. Starting with a small position at $6.11, I quickly added shares as it broke through levels of $7, $7.50, and went all the way past $8. At one point, I was adding at $8.42 and then again at $8.97.
Not long after, ISPC started to pull back, hard. I had to stop out and ended up giving back some profit but still managed about $6,000 in total gains from ISPC. This trade demonstrated the importance of being quick to adjust during extreme volatility. The stock went from $9 to $5.35 in minutes, and if I hadn’t been careful with my exits, I could’ve wiped out most of my morning profits.
Risk management is everything in day trading. As demonstrated in my Day Trading Rules for Beginners, you need to set max losses for each trade and exit if the market tells you.
October’s Hot Streak and Closing Thoughts
With over $250,000 in profits for October and more than a week left, I’m certainly riding a consistent profit wave. However, just like with today’s trades, I need to stay disciplined. As we roll into tomorrow, the strategy remains the same: watch the scanners for stocks with strong news catalysts and low floats under 5 million shares. Float, news, and sector alignment are often a recipe for explosive moves in volatile markets.
It’s important not to overtrade or get too greedy, especially with the uncertainty that comes with the market. I’ve got a decent cushion going into the week, and I plan to play it smart moving forward. If you’re curious about building your own day trading strategy, check out my day trading guide—it’s packed with essential tips to help you navigate these types of volatile sessions.
Finally, remember that while massive winning days feel great, day trading can be risky, and it’s easy to give back profits just as quickly as you earn them. I’m always keeping an eye on my risk management plan to avoid unnecessary losses.
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.
