What’s up folks, Ross Cameron here! If you have been watching small cap stocks lately, it has been an absolutely wild ride! Do you remember the kind of momentum we saw last week? It’s skyrocketed right through to now, and let me tell you, the adrenaline has not stopped pumping. We’re talking about multiple stocks soaring over 200% and BMR shattering expectations with a leap over 1,500%. Crazy, right? Let’s dive into the frenzy and unpack my day trading on these rockets.
The Early Bird Catches the Worm
My day kicked off with BMR. Picture this: early morning, coffee in hand, and there’s BMR sitting pretty at $3.86. My trader’s intuition was tingling, predicting a breakthrough past the blue resistance line at $3.90. Anything above that and we’d likely surge past $4.00. And guess what? We nailed it!
BMR wasn’t ready to calm down yet. Post-breakthrough, it dipped slightly, retesting that $3.90 mark. Classic move, really. It’s like the stock wanted to reassure us it could hold its ground. I seized the dip, buying at $3.91, before it climbed to $4.27.
The dance continued with BMR weaving its way through the market. A few more trades in and I was above my daily goal. Though, I can’t help feeling I jumped ship early, considering BMR hit a high of $34. Could’ve, would’ve, should’ve – but in this game, hesitation can be as costly as risk.
High Stakes and Heartbreaks
Now, here’s where the heart rate really picked up. I dived back in aiming for a break above $6.00, but let’s just say not every trade can be a winner. Despite a promising start, BMR took a nosedive, and I ended up trimming my wins significantly. It was a stark reminder of the volatility we’re playing with.
Undeterred, I kept at it, and BMR brought me back smiles with another rally. I entered a couple more trades around the $7.50 mark, closing the day on BMR with a respectable $3256 in profit. Not my biggest day, but considering the rollercoaster, I’ll take it.
Lessons from the Trading Floor
Today was a high-octane day in the markets, filled with victories, setbacks, and invaluable lessons. The thrill of early wins with BMR, the heartaches of near-misses and losses, and the unexpected boon from MGI have all been part of this journey. Here’s what I take from today:
- Volatility equals opportunity. When stocks move with such vigor, there’s plenty of chances to grab a profit. Yet, it’s this very volatility that demands respect. One misstep, and you’re looking at a setback.
- Green is good, but… It’s tempting to chase after losses or push your luck for bigger wins. Today was a testament to the virtue of knowing when to fold. Sure, I wondered what could have been with BMR or if I had stayed in the game with MGI, but ending the day in green, regardless of the missed opportunities, is a win in my book.
- Momentum is king, but discipline rules. Getting swept up in the moment is easy when trades start turning your way. Today reminded me that discipline, setting goals, and sticking to strategy are what separate successful days from mere flukes.
Wrapping Up
Reflecting on today’s wild ride, I’m grateful for the green days, the lessons learned, and the chance to do it all over again tomorrow. Whether it’s BMR, MGI, or an entirely new player that catches my eye, the market’s unpredictability is what keeps me coming back.
Today reinforced a fundamental truth in day trading: success is part perseverance, part strategy, and all about seizing the moment. I’m walking away from today’s session reminded why I love this game. Here’s to catching more waves and making the most of the market’s momentum.
Remember, folks, trading is as much about managing risks as it is about capitalizing on opportunities. So take it slow, focus on consistency, and let’s keep riding these waves. See you bright and early tomorrow for another day of trading!
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Warrior Trading was founded by Ross Cameron in 2012, and is now a thriving community of thousands of traders. You can learn more about joining the Warrior Trading community here.
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