Finishing February On a High Note

Warrior Trading

What’s up trader’s, it’s Ross Cameron here! February has been a remarkable month for me with day trading. I’m thrilled to share that I’ve closed the month with a whopping $15,930 in profit today. It’s been an exhilarating month, and in today’s blog, I’ll take you through the highs and lows and the strategies that paid off. It’s always a bit of a rollercoaster in day trading, but this month, the ride was especially rewarding. Let’s dive in!

Starting Strong

The last day of February saw me wrapping up with green numbers, finishing the month in the best way possible. At my peak, I was up about $18,000, and guess what? I achieved this in roughly 30 minutes of trading. However, I continued trading until about 11:00 a.m., which led me to give back a bit of profit. Yet, finishing with almost $16,000 profit for the day felt nothing short of fantastic.

Imagine, just yesterday, I was down $7,500 at one point, but I managed to turn the day around and finish up $3,000. This meant a $10,000 swing from my low to my high in a single day, and from yesterday’s low to today’s high, a $25,000 swing! These kinds of swings make a huge difference in a month’s profit and loss statement. This has been the best month I’ve had in quite a while, and it’s been incredible to see.

Breaking Down the Trades

My day started bright and early, thanks to my son waking me up around 5:45 a.m. One of the first things I did, as usual, was to check the scans to see how the market was shaping up. I noticed SIDU on our Gap scanner showing a good pre-market upswing. Despite a dip, it began squeezing up again as we approached the market open. Keeping an eye on the VWAP, I took a starter position as it broke through $6.75, eventually adding to my position and securing around $3,600 in profit from the stock. My strategy of scaling in and out of positions once again proved its worth.

My biggest trade on the day came on NRBO, which presented a promising opportunity with news of a clinical trial approval. All said and done, I locked in about $13,000 in profit on the name, although I walked away feeling I left money on the table because it made a bigger move then I expected.

This game isn’t just about the wins but managing the losses too, like with RVSN, where I ended up losing $800. Trade management and knowing when to cut losses are as crucial as identifying the winning trades. It’s about the overall strategy, managing risks, and adapting to the market’s flow. Not every trade will go your way, and part of the day trading journey is learning from these experiences and applying them to future trades.

Concluding February on a High Note

As I reflect on the month of February, it’s clear that it was a mixture of precision, strategy, and a bit of luck. Even on days when the market seemed unpredictable, staying focused on my trading plan and adapting to market conditions helped secure a profitable month. Day trading is not just about making quick decisions but also about the art of patience and discipline.

Moreover, the importance of managing your emotions cannot be overstated. It’s easy to get caught up in the excitement of a big win or the disappointment of a loss. However, keeping a level head and sticking to your strategy is what separates successful day traders from the rest.

As we move into the next month, I’m reminded of the lessons learned and the experiences gained. Day trading is a journey filled with ups and downs, but with determination and a solid strategy, the opportunities are endless. As I gear up for another month of trading, I’m focused on continuing to refine my strategies and maintain the discipline that has served me well. For those of you still in the game, remember to manage your risk carefully. Thank you for following along on my day trading journey this month. Remember, it’s not just about the profits but also about the journey and the lessons learned along the way.

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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.