If you want to know who are the best at making money through trading, Ross Cameron is definitely on the list. He grew an initial account of only $583 to $10.92 million, with verified and audited returns. With this achievement, he has attracted the attention of over 1.6 million people!!
Someone asked if he could turn a few hundred dollars into ten million again with another account. Cameron said that the hardest part of the small account challenge is crossing the threshold of making tens of thousands of dollars; after that, it's not a matter of whether you can do it, just a matter of time~ Cameron uses a high win-rate momentum strategy focused on hunting large fluctuations in assets. Originally, this strategy was high-risk, high-reward, but after establishing a buffer safety zone, the risk of the account is greatly reduced. Although his trading results are not easily replicable, the strategy is definitely worth our reference!
Next, I will reveal everything to you!!
He often conducts real account challenges with small accounts during live broadcasts, and small accounts in his hands can quickly double, even increase by dozens of times!! For example, in March, he grew a $600 account to $16,013 in just 20 days. It seems that this $10 million achievement is indeed not something that can be gained solely through luck; he really has a specific and effective strategy that allows him to maintain long-term positive profits in the market!!
The primary task of the strategy is to select suitable assets, which is the simplest way to reduce trading risk! The type of strategy determines the choice of assets, and momentum strategies are most suitable for assets that exhibit rapid growth factors! For example, on the first day of his small account challenge in March, he made $125 from his account of $600, and by the end of the first week, the account had already doubled~ He said the reason for such rapid account growth is mainly that he found one asset after another that rose quickly by 30%/40%/or even over 50%. Such assets are hard to find in giant companies like Meta or Google, where it's extremely rare for them to rise more than 20% in just one or two days! Assets that are truly suitable for momentum trading generally meet the following five characteristics: First, the price has risen more than 10% that day; such assets have already gained momentum, and it is much easier to rise another 10% than for an asset starting from zero! Second, it is in the top five of the gainers list, which means that most of the attention and trading volume are concentrated here. Such assets have better liquidity, and their technical chart formations are more respected by the market!
The third criterion is a very high relative trading volume. Relative trading volume measures today's trading volume compared to normal trading volume. For example, if a stock typically trades 150,000 shares daily but traded 1.5 million shares today, its relative trading volume ratio is 10 times. Assets that rise quickly by over 10% often come with high relative trading volumes! The fourth criterion is a price below $20, especially in the first week of a challenge, it's best to choose stocks under $10, and the cheaper, the better, because relatively speaking, it is more common and easier for a stock to rise from $1 to $2 than from $20 to $40! The fifth criterion is a low number of outstanding shares, which means a lack of supply in the market. If a large influx of funds suddenly occurs, the stock price can easily be pushed up. For example, the stock LUCY has only 11.24 million outstanding shares, but it traded 944 million shares in one day, skyrocketing 428% and ranking first in the price increase list! These are the types we need to look for every day, the most followed and active assets! Assets that meet the above five characteristics will have very ample momentum. If there is strong news support, the probability of rising 30% or even more within a day is very high, especially when market greed is high. Such strong assets can help us quickly gain profits and establish a safety buffer!!
Momentum trading is mostly about trading on breaking news, such as unusual financial information, overlooked investment opportunities, and significant events like mergers, important contracts, management changes, or legal lawsuits!! For example, expectations and announcements related to ETF applications or interest rate cuts in cryptocurrencies often trigger strong price reactions! The substantive content of the news needs to be discerned on your own; some will affect the market for hours, while others may impact for days or weeks. During news outbreaks and periods of increased volatility, the underlying asset can become very disconnected from its true market value, and such reactions typically have large fluctuations. If the account is leveraged, even with low leverage, it can be in a state where a single trade could blow up, so establishing a safety zone is the most crucial stage for small capital! These selection criteria are not arbitrary; they are based on Cameron's tens of thousands of historical trading data, and the data has shown him that the aforementioned types of assets helped him make the most money!!
Once the screening criteria are met, the next step is to conduct chart analysis. First, open the 5-minute chart and observe the price trend!! Is it in a pullback, at a low point, or has it already broken through? Then, open the daily chart to look at the context of the asset, understand whether the overall trend has been disrupted, and mark possible key support, resistance, and important highs and lows. These key positions can not only help us enter the market but also set profit-taking and stop-loss based on these positions. Once set, they must be strictly enforced with no ambiguity!
Another important indicator for judging trends and support/resistance is the 200-day Exponential Moving Average (EMA200), which is one of the best indicators on the daily chart!! If the price is below the moving average, it almost always encounters resistance when it reaches this level the first couple of times. Breaking through here usually requires a high trading volume, so we should only consider buying after breaking key resistance above the moving average. If we are still far from the key resistance before the breakout, we can also consider entering if the risk-reward ratio is at least greater than 2! He sometimes enters the market when the price returns to key positions on the 5-minute or 1-minute charts a couple of times, and sometimes he also breaks through flag or flat top patterns. The patterns are not complicated, but they are often effective! Because the core of the strategy is to choose high-quality assets in a greedy market, that is the key to success. Good assets do not necessarily have perfect chart models, but they are more likely to yield good results!!
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