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Warrior Trading // Ross Cameron // Day Trade Warrior

Foreign. All right. Well here we are: Tuesday morning first day of March, so we're getting through the winter and at the moment I'm just kind of sitting tight a little bit. Uh, no trades yet today, so you can see my P.

L Top corner those on Youtube and Facebook a reminder. As always, trading is risky. Most beginner traders do lose money, so trade cautiously and uh, practice a simulator before you put real money on the line. My results, which I'll talk about uh, periodically today, are not typical.

so let's see. Um, we'll go over my watch list in just a second. I'm just taking a look at, um, my reports for February. let's see.

So I'll upload my broker statements uh, if not today, tomorrow for the month of February. so we'll get those on the website. Uh, February was a good month, better than January, so that's good. I finished with about 85 000 in net profit, 103 000 in gross profit, and only 950 dollars in taxable profit.

So my tax on the profit from last month is going to be a little less than 400 300, so that's not too bad. Uh, so you know, a a green month? uh, progress is good and we'll hope to continue that here in March. Slow and Steady wins the race. Some months are, you know, more exciting than others, and that's just the way it goes.

All right, let's see. So all right. so our leading gapper this morning is Pulm and you'll notice that this is a reverse split. So uh, you've got a reverse split on this one.

And they do have a headline here a little after 9 a.m So not uncommon at all to see a stock with a reverse split then put in put out a headline. Uh, we can check it the Sec filings to see what the float is after the split. So prior to the split, let's see, go back here. Yeah, so this is 21 reverse split will reduce the flow from 65 million shares to about 3.2 million shares.

So you know now you've got Pulm with a 3 million share float. Clsn is also a reverse split. Clsn also has a headline out this morning. not a super significant one, but receives 1.4 million dollars from its sale of New Jersey state net operating losses.

So you've got a couple reverse splits. Uh, in in the past, you know the reverse split setup is one that I've traded periodically. Sometimes it's it's kind of like recent ipo or something like that blue sky setups. When they're hot, they're hot and then when they're not hot, they're not hot.

So if one of them started to move, I'd probably look at both of them and just keep them on a side chart because they're both reverse splits gapping up today. Both of them do have some type of news. Uh, but both the headlines are. you know, a little.

I don't know. I mean, it's it's hard to always really know how significant those headlines are. Shares, Both of them are hard to borrow at light speed, but other brokers may have shares available, so that's a little bit different from a recent ipo, which is typically hard to borrow sometimes. The reason for a split? You know this is a stock that's been around for a long time.
So the unfortunate thing is that if it does pop up, you know you may have some bag holders that try to get out and that can create some resistance as they're selling as it comes up. Both of these are currently down on the day. Though Atxi is the third leading gapper or the first gapper that's not a reverse split, this one is 57 cents. It's too cheap for me.

Ctic 74 million share float priced to just under three dollars right now not interested in it. floats a little high, doesn't seem to be moving that much. Gbs 10 million share float back to 67 cents too cheap A Reb 1.63 4 million share float pre-market high a little over 2 at 217. I don't know.

it's so so Phcf, Nrsn. I wasn't looking too closely at that one, but it is a recent ipo. That's right, I made that move up to 450. It's high up there, so it almost came all the way up to its all-time highs this morning when it hit Four 4 45.

So yeah, I mean I like it, but it's pulled back a lot so now you know. I mean, it's below V Web, it's below three. It basically popped up at 4am and is back to where it started. So that's a tricky chart worth keeping an eye on just in case.

But uh, it's it's a Maybe it's just gonna have to be a maybe. So I'll put that one up. Nrsn Another recent ipo Sky H You know we had that one on watch. made the big move when Ispo was squeezing up.

but uh, Aclx another somewhat recent ipo. So you know recent ipos. We know we like that setup. That's where we've gotten, uh, the best action recently.

So you know, if I saw a recent ipo hitting a scanner or you know, someone called down to squeezing up, I would definitely be more interested in that than something like a reverse split at right now Ispo. This one broke over 4344 right here. 44. Big breakout.

It's come back down to test 44. It's basing and holding that level right now, so if it holds this critical 43.99 44 dollar level, then we may see over the next few days basing for a move back up towards 65.70 It's got a bit of descending resistance here that would have to break through, but it's another one just to keep an eye on. So you know we only have so many charts, there's only only so many you can keep an eye on at the same time. Uh, Ispo, Aclx, Mexico Energy Mxc Uh, this is a energy stock coming back up to a tie from a couple days ago.

This one's got a pretty low float. Price of oil is going up, so you know this could be interesting. 18 room up to 18 on the daily 16 90 then 18. Mara Yeah, so these are Bitcoin stocks.

Bitcoin moving up. These are going to move with sympathy to that. I I generally haven't traded too much of the crypto sympathy stocks. I've left those alone.

But yeah, so let's see an Rsn another one. So we've got a lot of maybes, but you know, so mulln pulled back a bit. Thank you Sanjay. Cool Eric Good job.
Uh, focus. I don't really focus on stocks under a dollar. I mean, you know, and sometimes it means I miss opportunities. I didn't trade Imp and this went from you know, 50 60 cents up to like three bucks.

So you know sometimes I'll miss opportunities and it is what it is. One of the challenges is that I do pay uh, a commission on my trades, which is not the same as all traders, but I do. So for me, it's more expensive when I trade cheaper stocks because you have to buy more shares. And you know, if you're with Td Ameritrade you could buy a hundred thousand shares like it's no big deal.

You can buy 500 000 shares. for me. If I start taking trades like that, I'm going to be spending thousands of dollars in the commissions and the Ecn fees. So I'm not really with a broker that caters to penny stock traders.

so I don't trade penny stocks and it's just sort of cost prohibitive. But yeah, sometimes I do see that I'm missing opportunities. And so that's um, you know the way it is. That's enough girl.

So we've got about 10 minutes to the opening bell and we're just looking for volatility. They're about the same, Kevin, maybe a little less with light speed. Kavl, let me look at that. Yeah, um, I mean it's got a gap up to 451.

so it's it's possible that you could see some action on that. I mean, it's it's possible. I'm not sure what the float is 13 million shares. So yeah, you never know a lot of the like Mxc's The volume is so light, you know your daily charts moving higher.

Kavl has 200 000 shares of volume. Volume is fairly light on that one too. Um, you know if it got over 3 and then 310 maybe. But probably just be like a quick base hit.

You know, 10, 5, 10, 15 cents a share and then see if it holds? I don't know if it will. And sometimes the thing is with trades like that, you're just exposing yourself to unnecessary risk. You know you catch 20 cent loss and you're thinking, man, I didn't even have the chance to make 20 cents and how did I take that big of a loss on it? Cyrn The daily chart is also decent. You know it's made this big move if he gets back over six and then 694, but I just don't know if it will.

Yeah, that is interesting on Kavl. Well I you know, the thing is, your target's like 440. it's that's a 200 moving average. It's pretty close.

Um, how high a float I'll trade it. It depends because if if you have a stock and sometimes you'll have a recent ipo or something like that, that's really really ripping. And the float is like 70 million or 130 million shares. And it doesn't trade like that.

But part of that is because you have a lock up on insiders who can't sell and you end up getting some momentum. So I I try. I try to focus on the rate of change and how fast something's moving. More than anything, I think that's the most important thing.

Kvl with a shelf registration? Yeah, so that's good to know so they could raise money. Triple D: Uh, 90 million share float. This one's been around for a long time. You know this? Pro: This chart goes all the way back to 1988.
so it saw its peak in 2013 and you know, came all the way back down. So these are the types. you want to ride the momentum while it's there and when it breaks down, let it go. The 200 moving average is such an important level because even if you held it all a piece of it all the way back to the 200.

once it broke the 200 from there it was, it was done. Rate of change for me is you know I pull up a chart. Um, you know, whatever it is. Um, Nr Sn and I see this type of candle.

You know that's rate of change. That's a stock that's moving up really, really fast. So that's what I look at and if I see that then I get excited and I'm interested. And if I don't then I'm kind of just waiting.

So I'll be sitting going into the open. No trades yet today and we'll see if maybe there's more opportunities a little bit later in the morning. We'll keep an eye on the Hyde Momo scanner and for the morning show. uh, Traders on Youtube.

I'll see you guys. Uh, back at it tomorrow morning. We'll run a longer morning show here and there when there's more opportunities and things are a little bit more interesting. But it's pretty slow right now so not too much to cover, so we'll be back at it tomorrow.

I'll put another reminder for those on Youtube. As always, trading is risky. My results are not typical. You should trade in a simulator before you put real money on the line.

Foreign.

By Stock Chat

where the coffee is hot and so is the chat

5 thoughts on “Live day trading morning show with ross cameron”
  1. Avataaar/Circle Created with python_avatars Dharam GongYogi says:

    good morning Ross!

  2. Avataaar/Circle Created with python_avatars Rob Weissman says:

    MULN.. lol

  3. Avataaar/Circle Created with python_avatars Allen magnus Reece says:

    ATXI looks moving up now

  4. Avataaar/Circle Created with python_avatars Allen magnus Reece says:

    Tomorrow Wednesday might have opportunity

  5. Avataaar/Circle Created with python_avatars Allen magnus Reece says:

    No trade today

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