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Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...👀
💰Remember, 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.
💪My results are not typical. Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 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.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
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Warrior Trading // Ross Cameron // Day Trade Warrior
All right, good morning everyone. Well it's about 9 00 a.m and I think the game plan today is going to be to sit and wait to see if we get some, uh, surprise action right now. There's nothing that I'm really interested in on the Gap scanner, which is you know just as well. I suppose this Gap scanner has some higher float stocks Eu I mean it's float is fine 2 million shares, but it's got the 200 moving average about 466..
yesterday it popped up and then got just hammered back down. It popped up again this morning, dropped back down, popped back up, dropped back down, popped back up, dropped back down, popped back up, dropped back down. So it seems very clear that uh, this is probably easy to borrow. Let's see, short sir, I don't know what the price is on it, but uh, the high 425, this resistance and then entries off of support and I just don't really want to trade this very narrow range.
I mean not that you couldn't you could if you wanted to buy off of you know, the 390s and then sell as it comes back up just as a short seller might be shorting at the 4 15 420s and covering as it comes back down. But this isn't a tremendous amount of range so I don't see a a a huge amount of opportunity on it and it just doesn't even seem like there's quite enough volume to take decent uh position sizes. So for right now on that one, um, I don't really have any interest. uh it would have to break over the 200 moving average at 466 for me to get excited.
and I don't really see that happening. So that's Uuu. The other ones on the Gap scanner are higher float. So while some people may trade, some of these car auction services agrees to 2.2 billion sale of U.s auction business to Carvana.
So you know this isn't exactly. Uh, it doesn't seem to be like a fixed buyout because it is still actively trading, but obviously selling a large portion of the company. I don't really know the details, but I usually find these to be a little difficult to trade. and in any case, the float's 87 million shares, the price is at 22..
So leaving that one alone for right now. Uh, farfetch ftch sort of. actually. Um, Similarly, just sort of sideways higher flow.
327 million shares, pgre 159 million share float so you can see the floats a little higher on this one. sq. Uh, this one has a high of 115. Price is a bit higher.
you know? I mean, it's whatever you want. You know? if you want to trade something like this, you've got a lot of room if it starts to curl back up. It has definitely been beaten up pretty badly, so you might have some opportunity on that, but you get into a bit of a price issue. It's not going to be affordable for a lot of traders.
Uh, Cyrn, um, regains compliance. That's their news at 9am, so that's fine. Um, you know that that's not bad and that's because they did the reverse split. so they did the reverse split.
So this is kind of expected that they would regain compliance after doing the reverse split. Uh, the float on that's 3.59 million shares after the split and this is one that made a move yesterday. You know this was like one. two in the afternoon. it squeezed up from three to four. Um, pulled back and then you know, went all the way up to 650 660 which is nice. So what levels do you have in play on this this morning? Well, this morning it ended up squeezing up and continuing the move up to a high of 885. but now it's pulled back quite a bit.
so it's below the volume weight average price at 6.45 So right now you know if you sort of look at this, it's um, it's on the weaker side, right above V App would be more bullish. Below V web is a bit more bearish. So yeah, at this point wouldn't be interested unless it can prove itself. So um, I think that's that's you know off the list for right now can't take control from the bears then that would be breaking over V Wap and holding that level.
but I'm not sure if that's gonna happen. Float may be listed higher in some places, so this is going to be remember when a stock does a reverse split, their float changes. So let's see. you could go into the Sec filings on the stock, but um, but even if you did, that depends on the most recent filing.
So the most recent filing here shows 90 million shares, but that was as of October 31st before the 20-1 reverse split. All right, So that's a pretty big reverse split. So and anyways, um, hi, there 855. so that's the range.
Yeah, keep an eye on it's only up 19 right now. We'll see So kind of low expectations for it, but you never know. Uh, so let's see what else do we have From last week we had ispo, of course, ispo, you know, Phenomenal. One day of action from 14 to 108.
it was one day of action. uh, and then it's just faded. Since then, you know we I tried to take a bounce trade on it. Uh, I think it was on this day and lost like six grand.
so that didn't play out super well. But um, still certainly green on the stock. But you know, we really just had one awesome day and then it pulled back. So that's kind of what we're getting right now.
Uh, indo. We had this one nice action early pre-market yesterday from 4 00 am to about 7 a.m and then it's faded. Since then, some opportunity the previous day is not super super easy, but you know better than better than nothing. P H U N O A M T D Uh, which I think this used to be the Ameritrade ticker, but that sold off hard so that one's out of play.
So basically this is kind of what we're getting. You know, one one kind of nice leg up, maybe maybe a little bit more as we did on Indo or Ispo. But they're short-lived opportunities so I think the best approach me. The best approach is probably to be patient and wait to see if something starts to really open up like that and to jump on it quick.
Uh, I think short sellers will be aggressive on these. So jumping in, uh, before they've already gotten their shares available to borrow and figured out you know what their position is, so it'll probably be a race to capture some opportunity before the shorts come in and walk it back down. That seemed to be the case on Ispo. Although Ispo, I certainly would think squeezed out some short sellers because of the fact that it regained its highs right here. So this one might have squeezed out some short sellers and then given us that second and third leg up. but uh, you know it was. It was tricky and it was probably the cleanest and the easiest at the very beginning of the move. So look for the beginning of a move and that's probably the spot where I'll try to be aggressive and then just step back.
So today, you know, only looking for one only need one one trade one stock. That puts in a decent move and I'd be a pretty happy camper. We may not get it today, but uh, let's just be on the lookout to see if the one pops up as a reminder for those tuning in on Youtube and Facebook. Uh, I want to encourage you to check out our disclaimer: Trading is risky.
Most beginner traders lose money and I would remind you that my results are not typical. so please take it slow and Gh. Yep, that one went side by side with Ispo Warren. We get them turned around pretty quickly, so make sure you check your email to see if we emailed you back.
We use the A Secure A Secure portal for sending those emails, so you just look for a message received in that portal. Our Usl. Oh okay. so yeah.
so a Russia? uh Bull two times shares Etf? Um, well, you know yesterday was probably the low, you know, way down here. Pretty dramatic sell-off for sure, but I don't I don't know. I'm not even sure that this is really with enough volume. I generally don't trade Etfs anyways, so I'll just leave that one alone.
Uu coming in resistance here. So Uu probably a short against this level as it comes back to that yellow descending resistance line. Yep, shorts are aggressive on Uu, you know belongs Are going to be hesitant too because it's like, is it really that interesting? You know it feels like it's kind of not. May be interesting because yeah, it's the lowest float and it's the second leading gapper.
But you'll get the chart. You see the 200 you see yesterday's candle and I think that that gives some reason to just be cautious. About 15 minutes to the bell here. 14 and a half minutes.
So this is, uh, one of those times where you know I just want to stand ready to jump if I see something. If I see something starting to open up, you know something hits the scanner. Zbzt Whatever. I type it in, I type it in the level two and my process initially is.
I pull up the stock chart because I see it on the scanner. So if I see something hit the scanner, the float is low Or someone calls out of stock they say hey, look, you know Xyz is moving. I'll type it in. If I don't already know the float, I'll type it in. I'll check the float. Okay, floats. Two million shares. Type in the level two.
Look at the price. How much has it moved up in the last couple minutes? Is it moving quickly? Rate of change. If it's moving quickly, these draw in momentum traders like a magnet. They just pull you right in because it's moving fast.
That's opportunity. And then that's when I jump in, buying perhaps around a half dollar or a whole dollar and then scaling in, looking to ride that wave of momentum and the continuation. And then ultimately we get a pullback. And the question is, uh, does it base out and give us a one minute micro pullback and then just surge on the next leg higher as more traders are pulling it up and looking for their first opportunity to jump in? Something moving quickly.
So that's kind of the process and it can happen very, very quickly. Can go from being zero on the day like I am right now to up 30, 40, 50, 000 with one stock that all of a sudden starts to rip. Now preferably it would be with some type of news that news typically would come out would have already come out by now. it's 9 17, so it might have, you know, been 8, 30, 8, 45, 9 A.m maybe 9 15 And then that gives me, uh, the catalyst.
And then that's what gets the stock started. But uh, yeah. right now, um, I just don't see anything yet. but I just want to stay at the ready because you never know when something will pop up about 12 minutes to the bell.
So I use the um, the stock quote right here to look up a stock. You have that as a warrior pro student right here so you can get comfortable using that and check the float quickly. So all we need is one to start moving. That's all I need, but we don't get it every single day.
So on the days where we don't have it, the best thing to do is just to sit tight and not trade or to trade very conservatively. And then on the days where we have it, you know that's when I'm going to step up to the plate and try to really make the most that I can on that opportunity. That's how I made over a hundred thousand dollars last Thursday and Friday. So days like that tied me over during slow periods.
John. Yes, sometimes you will see the float and the outstanding shares, um, significantly different, but not. I mean you do see that from time to time Indo high level of short interest. Well, that kind of makes sense at this point.
You know it's it's topped up here. Hit yesterday a high of well, pre-market was almost 20, but it's clearly on the back side of the move stairs stepping down. So while you could get a bounce, the momentum has been to the sell side and so trying to take a bounce trade you're trying to, you know, trade a bit against the trend and I think on this one it's probably not worth it. It was fairly difficult to trade yesterday when I was trading it, so even if the short interest is 70, where would shorts really get squeezed? You know, even if it pops up to 12, it's still bearish. It's still. it's still pretty weak. Now, It doesn't mean a pop from 10 to 12 couldn't be an opportunity. It could be, but it's not in a Gap scanner.
It's not a continuation stock. So what's going to attract people to buy it at 10 or 10.50 it's down 11 12. Now if it broke over 1350, or if it broke yesterday's high, which was regular trading hours 1447.. Well then Shorts might start to get a little nervous.
All right. So 1450 1550 1650 Okay, yep, then you're getting a short squeeze. That could happen, but I don't expect it will happen. and because I'm not expecting it'll happen, I'm not a buyer right here, so I would just I would just be.
You know, again, it's a stock to keep an eye on, but I just don't think that we're going to see much on it. Impp pulled back a bit as well. Got about eight minutes to the bell right now. Sure, I will definitely try to anticipate a move.
I'll definitely try to get in a little early before breakout if I if I really think a breakout is coming. Sure that's fine, but getting in at 10 to anticipate a squeeze up to 16 that's a little too far away, so that one that's too far. But there's other instances maybe you you or something like that where you know you could take a starter off of ascending support thinking that it's gonna squeeze and you know that'd be fine. Ciso: 39 million share float lower price, but the float's a bit higher.
Yeah, it wouldn't surprise me if Uuu comes up to like 25 or maybe 27 and then there's like, you know, a hundred thousand share seller and then it flushes to 380 and forms a big ugly red candle at the open. You know, who knows, maybe it goes, but I don't. I'm not putting my money behind that right now. Okay, so we've got four minutes to the bell, and we don't have a leading gapper that I'm particularly interested in.
We don't really have any gappers that are that interesting this morning, so we have a lack of gappers. We have a general lack of momentum this morning, and so as a result we'll just kind of sit tight. may not end up taking any trades today, and just come back at it on Monday. we'll see.
So I'll sit here for a little while. But generally if there's no gappers, no trades. We don't have any clean gappers this morning, so I would expect things like Uu just to pop a little and drop Cyrn below V App no interest. large caps for those interested.
there's a few, but those carry their own risks. All right. So that's the that's the morning show. That's my breakdown here.
With about three minutes to the bell, you.
AREB super low float
Cyrn