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#daytrading #warriortrading #rosscameron #stocks #learntotrade #COSM $COSM Cosmos Health (NASDAQ: COSM) Cosmos Holdings
Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...๐
๐ฐRemember, day trading is risky and most traders lose money. You should never trade with money you can't afford to lose. Prove profitability in a simulator before trading with real money.ย
โโMy results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
โDo not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.ย
๐ All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
โ๏ธIf you don't agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.ย
Still with me?ย
Now let's dig into some helpful information โฆ
What's my story? โ๏ธ You can read it here: https://www.warriortrading.com/ross-cameron/ย
And check out my broker statements here ๐ https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/ย
Our website is filled with free info ๐ Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/ย
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class ๐ป Register here: https://www.warriortrading.com/free-day-trading-class/ย
Wondering what I think the All Star Day Traders out there have in common? ๐ Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade #COSM $COSM Cosmos Health (NASDAQ: COSM) Cosmos Holdings
Warrior Trading // Ross Cameron // Day Trade Warrior
Thank you
I traded COSM and did pretty good๐
The second I seen the RS not go through at 4am the next day I knew something was up. So I was able to sell at 7am on my Robinhood account for a huge gain from my initial average, and at 2pm it literally undid the trade and was unable to sell but even that worked out cause I was able to sell before close at $23.
Great explanation of what happened to this stock. Keep up the good content and congrats on 1m subs!
I'm glad you made a video on this. I saw the price action but didn't know wtf was really happening.
This all should feel unreasonable when you are trading. It would be like seeing a couch on amazon for -$10 and ordering a 100. Selling those couches and complaining when amazon points out the error. Hopefully there will be some unwinding of the trades. It's ugly as there's no way to compensate all the potential loses people have. But this whole thing should have been throwing red flags in your head.
I bought NCTY few years back before the reverse split. The day split was done I thought I was gaining something then I realized that it was not because my number of shares was less and I wasnโt able to sell it because locked by broker. However I tried to sell again next day and I lost a lot! That was before it bounced to 70 or 80 dollarsโฆ then l never want to touch this stock again ๐
Couldnโt get out after the first halt. And lost 1000.
Some wiiiild sh1t like this is going to be what ends up happening with AMC/APE… then nothing more will be said about it after it does happen.
I lost 10 percent of my portfolio before the split… How do you trade without emotion? How do you make a good strategy that works for swinging.. I need a mentor!
I wasnโt monitoring mine- they just disappeared on Fidelity. Thanks for explaining!
I use TD and had some shares pre-split.
PM I tried to buy @.50 and $NH popped up as working so I canceled the trade.
My next buys/sells were during market hours and sold everything under the new CUSIP right at close.
Currently my pre-split shares have not been adjusted but instead of showing a CUSIP# it changed back to COSM.
I rode it from $3.00 to $3.95 Friday. I'm happy. ๐
Hmmm… So when we see TOS start having issues its yolo time? Jk jk jk.
Keep making videos man we really appreciate your insight
Pre split was 33 cents on close and 20 cents at after market close. I bought a little at 20 cents. In the morning that went up to 60 cents in pre reverse split. I tried to sell fidelity wouldn't let me. Couldn't all day. The pre split and post split were both trading at the same time you could see both trading prices in yahoo finance and Google. The pre split was 60. About double the previous closing, triple for me but I couldn't sell anyways. The post split price was supposed to be 8.25 a share but was at 3.49 at open and had a low of 2.86 for a moment. So to be accurate the stock went from 2.86 to 23 dollars. Your heading is saying from pre split 23 cents to post split dollars. That didn't happen. Also, fidelity had my account balance and was telling me in the morning my 5 grand worth I bought the night before was now 200,000 grand. Fortunately I knew that was wrong and don't sell at about a 40 percent Loss. I imagine others got that wrong. There's definitely people that got screwed in this. I was going to buy at 3.50 to cover my loss and then some. If it got back to 5.20, what I was in for post split I'd be good, however, fidelity allowed buying but didn't change the name to cosmos health and didn't display the cuspid. Id either be over paying ridiculously for the old stock or getting a great deal for the new stock. I didn't get it. The price then went nuts but as much as I called fidelity, they wouldn't let me sell my stock from the day before. Price is now below that 8.25 market closing from the day before but higher than the 5.20 I'm in for. I'm hoping it dips tomorrow and we can run the squeeze back. But honestly this seems like it was made by these companies failing regular people trading. We will see what happens in the morning.
Luckily, I sold out my position on Thursday Afterhours because of the Reverse Split that was coming on Friday. I wanted to buy Friday morning at 60 cents, but I could not trade on Webull. I bought 550 shares as soon as I discovered that I could buy on WeBull. I bought in at 3.54. I sold at 19 dollars. I made 8500. on the day trade.
How do you know if a stock is liquid enough to buy and sell?
Man rh robbed me I was so up and I got in at 47 cent a share & I was not able to sell or buy than reverse split happen and all gains went poof! While Webull trades still goes on for cosm with no issues and no reverse split! I had both account rh and web but unfortunately had no funds in Webull and 5 day wait & cuz rh has quick direct deposit and I like to option trade..but now Iโm transferring everything to Webull..shouldโve learnt when they took the buy and sell from amc and gme the first time smh
I was up 2000% and it all went poof. Sucks
I was at .53 for 252 a shares before the split when I got up I was down 150$ and was like well Iโm just gonna wait till it come back up just to take a smaller loss. It keep going and going up and wow! I got all my money back plus 80$ profit. It left me with a .08 fractional share and it wouldnโt let me sell it than I got a S1 call emergency from webull. I messaged them and they said they are working on cleaning up the problems.
Thatโs insane. Probably massive headache for the brokers.
Cei next๐๐ค๐ป
That first candle Thursday night was a sell-off at pre-split value of .2171ish at 8pm close.
It never had good news, it was a reverse split to maintain compliance. Was worth .33 cents rs to 8.25 then people pumped it. Good for those that made money, shame on everyone for making the stock run off of nothing.
This was absolute madness, flashbacks to HKD without all the halts. Luckily I was able to get a great scalp in and out on COSM mid day. Thank you for breaking this down so it makes more sense to a novice daytrader.
Since few knew about the RS, I suspect some brokers didn't process the split and let traders sell the full pre-split amount at the bottom under $1. Since they were selling shares they didn't own they ended up massively short and didn't know. Then brokers started liquidating accts to cover losses, hence the huge squeeze. I took the day off and was wondering what happened. Thanks for the great update.
I wasn't even trading cosm I was trading tqqq that morning and I couldn't sell my position. I got lucky and was able to get out green using flatten but I missed a ton of profit after that cuz I was afraid to buy another position.