Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/strategy/ 📈
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/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

All right, good morning everyone. So we're sitting here. it's about 8 45 45 minutes to the opening bell. So far this morning things are pretty slow.

We don't have a lot, that's um, kind of like going crazy. It's just a little bit of a slower morning and and that's okay. uh. one of the things that I'm sort of looking at here and thinking about is the fact that I've done the best on sort of first day move of fresh news and things that are second day third day.

I haven't been doing quite as well on with a couple of exceptions. but uh, like Bbai right now. So as I'm kind of looking at my watch list, I've got my Gap scanner up. There was a question that someone asked on Youtube last night.

He said, you know I'm usually trading Forex so it's really easy for me to choose my the pairs. you know, Euro against the Us dollar. How do you possibly there's still thousands of different stocks, How do you choose what stock that you're going to trade on any given day? I I don't get how you pick a stock. I said tune into the watch list and morning show tomorrow morning I'm going to break it down for you.

So for you, there's one person that asked on Youtube yesterday. I'm going to give you the answer. So what I'm doing each morning when I sit down? yes, there are thousands of stocks to trade and 99 of them on any given day are not good candidates for day trading. I focus on stocks that are leading percentage gainers on in the entire market.

So Mnts right now is our leading percentage gainer in the entire market at 37 percent. And it does have news. Uh, the news isn't populating right there in my um, news window? I don't. I don't know why, but um, the news is skyrockets on uh, launch agreements with Elon Musk's Spacex, you know.

And that's a strong catalyst for a small cap company. There's no question about it. So this is a stock that I may not trade for other reasons, which I'll get into in a moment, but simply for trying to narrow down your list to the right type of stocks to trade. This is definitely the right type that you would at least want to look at.

All right? So it's a leading gap or it's moving quickly. So right now you've got Imac. This one's moving up a little bit. The problem with this one completes a Walmart pilot program.

The volume is very light. Usually usually I like headlines that include Walmart or something like that. Um, I'll take a quick starter there at 44. So I'm adding here for the break of two.

it's up 100. Watch now. Added it to there's 290. There's 284.

Again, this is Walmart news, so let's look adding there. This is light volume. but if there's Walmart news, I'm going to be aggressive. I just took a little profit off the table.

New orders at three dollars average is 290.. So So that was surprising. Um, I'm holding 2500 shares. The high was 314.

my highest ad for what's worth was three dollars and 10 cents. You can see right there. I added 310. I top ticked it.
Why would I buy so high? That's tape reading. When something is moving fast, I hit the ask. I will buy it. And sometimes just like that, you'll have a big trade.

So now I'm back to break even on the rest. Adding at 191, looking for the curl? Now back up to 210. There's 205. That's a small dip.

Trade back to 2, 203, 204. So I wasn't expecting that. but it's a good example Because why why did I even trade it? I was looking at the scanner and all of a sudden a new stock moved to the number one position. It was a 45 Gapper.

I looked at it, I saw there was news and it was news. With Walmart, that's a big company. We know Walmart. So I hit the Ask.

I jumped in and then all of a sudden we got the squeeze and when it starts moving fast tape reading I added. now that's basically a quick scalp trade on breaking news. The news came out right there at 47 and I was in less than a minute after the news came out. So uh, next Monday? Uh at 1 p.m Eastern as part of doing, um, I'm doing a lot of content on Youtube this month the month of April because this is our anniversary month since I opened Warrior Trading anniversary of when I published some of our most popular videos on Youtube, so I wanted to give back to the Youtube community a little bit this month.

I'm also be doing stuff just for uh, Warrior students as well. but um, added 73 there to buy the dip 1500 shares. So um, the class that I'm going to do added 69 trying to catch that pop back up to 77 and 80.. So that was a nice dip trade uh and profit at 77.

uh, reducing size. So the class on Monday at 1 Pm will be scalp trading. So I'm going to teach you the skills required to scalp trade. I'm going to teach you a strategy around it.

So just like class this last week that I did at 1 pm was on entries and exits. The class Tuesday at 1 pm is going to be on scalp trading and I'll be the first to tell you it's not easy. You have to have a willingness to take a lot of risk on these types of stocks. They can be very risky, so and scalp trading can be a risky strategy for beginner traders.

You may not have the aptitude to do it right. You would have to be willing to take larger size to capitalize on smaller moves, and you would have to be very aggressive about taking your profit quickly. Uh, I will agree, the volume profile doesn't look right here. So basically Algospike wrote the momentum on breaking news, the headline with Walmart and then it's pulling back here so we'll see whether or not it gives any more opportunities.

So it's up 86 percent. It is still our leading Gapper. We could get a curl back through V-wap Absolutely a move back to 231 and a grind back to the high the highest 314.. Now this is a stock that I have traded.

Uh before. if we look back on the daily chart, Uh, when it first ipo'd you got this nice move right here from 450 up to 724. so that gave you a nice trade. It's had a few other days more recently that were red candles.
so we'll see uh, Seed also on the scanners there. look at seed. Seed has news at 8 45. the High: this candle is 9.45 Probably worth keeping an eye on.

Um, but anyways. So to get back before I took that trade, the goal is you look at the Gap scanner and you try to see what's moving quickly. All right. So right now Seed is our like fifth leading Gapper, so this is the right type of stock to be watching.

This has a decent volume profile. your high is 45. So I bought there 1500 shares for the high day break at 45 and then I want to see if it goes to 55, 65 and 75. and there's out at 60 57.

That's about 12 cents of profit per share. About seventy dollars hundred, eighty dollars on that trade. and then I can add back at 59. right there.

add it back at 59.. Now looking for the move up to 65.70 So there's 76 and taking some profit at 75 74.. these are only small gains so far. Because I'm getting in this, it's already a little extended.

You know, this one. I'm sitting down and it's already moved quite a bit. But why would I focus on it? It's up 32. It's got high relative volume.

It's moving quickly. The relative volume right now is 450. the relative volume on Imac is 65 000. imbalance and relative volume is a big thing for me.

That's what I love to see. Nice high volume on that candle. A little pullback here. We'll watch it back over 78.

So this had news right at 8 45 and I guess I kind of missed that I didn't didn't notice that at the time, but but nice job for those that traded it. So purchase agreement for 50 000 metric tons of it's uh, nutritionally enhanced corn. That doesn't sound as hot as a kind of partnership with Um with Walmart. Yep, still holding a small position on Imac.

I want to see if it curls back up over volume weight. average price. so seed still holding a small position on that. Bought the dip at 25.

this is a dip off the volume weight, average price, and looking for a move back up to 45 and 50.. So this is a bottoming tail candle. The high is 37. I'd like to see it break through 37 added at 35 there for the breakthrough 37 and then there's 40..

So now the question is, does it go to 45 and 50? Do we squeeze back up to the half dollar? There's 43. It's and I'm taking a little profit because it doesn't feel like it's really moving all that much up. 480 on it for right now. The bottom of this candle right there is 15..

dips are gonna be a little easier on this one. So quick, efficient. get in, get out when there's opportunities. Uh, Youtube broadcast will be delayed.

not through anything that I can control, but simply because of the way. Youtube broadcasts added 63 64 on Imac. so still looking for that curl back up to 75? Oops. Uh, I meant to put a profit target out and I sold the rest at 65.
So on that trade, I made 30 bucks from 63 to 65. That was a smaller trade so I'm flat on both positions right now. We'll watch seed if it get over the highs. So you know what you benefit with those types of stocks that move up really quick is the Algos.

It screws up the Algos. When you have that breaking news all of a sudden they're pulling the offers, it's ripping up and you can just ride that momentum. And it's the same when they. When they drop, they pull the bids and they flush down so it goes both ways.

All right. So let's see. um, about 9 a.m we've got 30 minutes to the opening bell. Got a surprise? nice trade on Imac.

Off that news seed. A little bit of profit on that. Not a home run on seed though. Uh, 10 short float on seed? I didn't look at that, I didn't notice that that's not particularly high.

Nice and berto. That's uh, 400 bucks? Good job. Good for you seeds below V app Imac. I still have it on watch on another chart.

So we've got Imac Htgm. This one's one of the leading percentage gainers Today Probably has news. Let's check it out. Looks like this started after hours.

so there was news. After hours Yesterday went from a dollar thirty up to two bucks Mnts 17 million share float. It's got the Spacex news, so the thing on Mnts um is. So I was gonna explain why I'm not particularly interested in this one.

Yes, it's the right type of stock to watch. I'm not super interested in it. It's a bit more. Um, uh.

it's off. its highs you had this high up here at Uh 453. I like to be trading these when they're moving up when they're squeezing and this is just pulled back a bit too much right now. so unfortunately it's not set up for me for a trade.

Uh, it could grind back up, but it's um, it's a little tricky and yes it's always the green on the tape tape reading level two, seeing how the bit and ask is moving, seeing the ask moving up. So it was like there were a lot of bids at 30 and then it was like 45 and then 50 and then you know I just add as it goes higher So I I have no problem doing that. That's how I've produced some of the biggest trades I've ever had. I've had stocks that have gone up 10 15 points, 20 a share so you know if it if it's going up.

I keep adding that's the way I trade and like I said I added at 310. I top ticked. Um, Imac, the high was 314 but who cares. Uh, if it's gonna go to three, potentially 350 I would keep doing it.

You know you just you don't know where they're gonna stop or where they're gonna slow down so you know, but aggressively trading it. adding adding, taking some profit, then adding back, adding back, taking some profit that that is Momentum Trading. That is exactly what you want to be doing as a Momentum Trader. Mdvl Dollar 10 C is in fifth place on the Gap scanner and that's generally I'm looking at the top five, the top five, leading Gappers each day, And then once I've kind of narrowed down my watch list, I'll just be watching those stocks looking for our familiar uh, chart patterns to set up.
All right. So looking for a bull flag, an Abcd pattern, a break of V, web, etc. I've got my Momentum Scanner here. This is the scanner that I'll be using predominantly once the the bell rings.

This is our Gap scanner, which I use for building my watch list. Um, so Sb Fm. Um, the thing is, I will sometimes take second gate, second day continuation. I'll sometimes take that trade.

This is third day. Uh, and the problem is even on day one. Although we had a nice move, you know it was a little choppy. Yesterday this had some pretty nasty rejection candles.

This had a candle. um, that dropped like 70 cents a share in about 10 seconds. We go back here right there on that. uh, false breakout.

That was pretty nasty. So a stock that has a tendency of doing that. I'm going to be really cautious with it. was doing that, Um, yesterday the day before.

I'm afraid it could do it again today. and I don't want to get caught in a candle like that. Those can be really, really bad. Especially when you're trying to take quick breakout trades.

You're trying to take quick breakout trades. You're doing well. And then all of a sudden you catch a you know, 50 cent loss, 75 cent loss. With some share size, that's no good.

So it's 906 right now. So by the way, those tuning in on Youtube reminders always in case you didn't already know. trading is risky. Most beginner traders lose money.

so trade cautiously. Really, Seriously. Trade cautiously. Trade in a simulator before you put real money on the line.

Don't try to blindly follow me or anyone else. Learn the strategy. The market will be here for you. so take your time if you guys are enjoying this broadcast.

If this is helpful, if you're learning anything here, do me a favor and hit the thumbs up. I would love it if you share the broadcast with some friends. but you know at least hitting the thumbs up is is big. I really appreciate it.

Um huh. Hmm. Okay, okay so let's see. Um, Gw Gh Yeah, I'm not really doing much.

the fourteen percent strong news and moving quickly. That's that's what gives me the confidence to size up to step up. And sometimes you're right and sometimes you're wrong. So fresh news.

That's what I'm looking for. Day One of Momentum. Something moving quickly right here today. I would prefer blue sky setups or recent ipos, but I'll take what's moving.

Brcc. Yeah. so uh, this one. I mean it is.

It moved higher on Monday, that's for sure up to 29 20. we traded it early on when it first. um, ipo'd so there may be some opportunities on it, but I'm not sure. Uh, your high that you would want to mark out is 2920..

let's see stock rating lowered. Shared a hold to a cell Rating: 20 Price: Target Yeah, so I don't know Imac. Imac needs to get back over Uh V, which would be back over 172. So we'll see.
So yeah, I John, I mean, I am aware that I could have a red day coming. Uh, because I've had a little green stretch here, but at the same time in the moment when I see something moving, I'm gonna jump on it. And you know, one of these days I'll jump on something like Imac or whatever and I'll be wrong. and I'll lose six or ten thousand dollars or whatever it is.

and then that'll That'll be my red day. And the thing that I just want to be really mindful of is that if I go red, I stop right there. If I go deep red that I don't dig that hole deeper and deeper and deeper. Revenge trading and trying to average down And and you know et cetera et cetera that I just cut the loss and that's it.

So that's the most important thing. Um, you know something like seed, you know, or Imac. Either of these. You know if your entries are wrong, could have been losses and you could be holding them as they go down.

Or you could cut the losses and move on. So you know I'd rather just cut the loss and move on. And you know, take the next trade. I only got like two dip trades on Imac.

Not a lot of dip opportunity on it, mostly just momentum as it was going up on that breaking news. and we've had stocks. You know that. Do that.

They you get that algo spike. We see that at 4 am too, that big spike and then sometimes they pull back and they don't hold up. So I've We've seen both and that's why. if it's not working or I get in too high, I've just got to cut it right away.

and then you know, get back in later or just move on to something else. or just cut my loss for the day and try again tomorrow. So you know right now we've got about 15 minutes the opening bell and we don't have a gapper that I'm really honed in on for trades at the Open. We had the news on Imac, we had the news on seed, I traded both of them, but nothing right now is holding near its pre-market high and that's a problem.

I want a gap and go. I want something that I can trade going into the open Sbfm from Monday, you know was that on Monday this opened like right at the highs. it was the leading gap or it was obvious and we got that move. I mean it was choppy, but it was opening Well positioned for trades at the Open for Gap and Go.

I don't have anything right now that's positioned for Gap and Go Imac. Pulled back Mnts. Maybe Mnts I think is going to be a little bit more trendy, a little more meme stuff on it because some people are gonna say you know Elon Musk is involved so you know let's I'm gonna swing trade this and you know they might end up being right. I don't know, but that's not really my strategy so so I don't know.

um, I'm I'm just not sure that this one's gonna be easy for quick breakout trades, maybe for longer trend trades. Your pivot there is like 424 so I'll keep this one on watch 453. But no, no interest in Spfm really? Uh, its third day. It was kind of tricky yesterday.
I mean, it's not that you didn't get a couple nice moves on it because you did, but that was in the afternoon and so I'm just not sure that. um, I'm not sure it's worth it. Hey good morning. Thanks for tuning in.

Yes! Congratulations if you got Green this morning on anything. Good job! I appreciate you guys uh on Youtube for hitting the thumbs up. Really does make a huge difference for the channel so thank you for that. So we're in a little bit of a lull here.

Uh, things have slowed down in the last few minutes. Aside from Mnts curling up to the V web, I'm not sure that there's anything I like. The high on this is 413 of that last move, so watching the tape looking at the level two over 413 could be a attempt at the break of V app. You've got over 250 000 shares on that candle right there.

It is easy to borrow the floats a little higher. Shows 81 million shares on light speed so added at 10 there. Let's see if it goes to 14 15.. so there's 13.

you know I trade like that, I'll just take the oh I ended up losing 20 bucks on it. I've got a bad fill on my exit. I thought I was gonna be uh, green on it. I got filled at 406.

but you know I just go small on it. It's it's just kind of. It's right at Resistance here. you're right into this wall.

I just don't know if it's gonna work. It's a little risky to buy right into Resistance there. It's right at the volume, weight, average price. but sometimes they'll break that level and then you'll get a move we'll see.

I can. Always, you know, let it come back up and and try again on the next. On the next attempt, leave an order at 4 14 or something. Nice Chloe, Good job! Biggest green day Nice.

See Jjd Um, I don't have that one. So okay, this is a reverse split. So yeah, you do have a reverse split on it 12 to 1. So it's going to appear that it's a gapper, but it's actually a reverse split setup.

That's what's going on there, All right. So we've got about 13 minutes the opening bell. I think Jess said he was in seed on that breaking news. And I'll say, generally I don't do super well on the lower price stocks like a dollar 20.50 This is sort of an exception to that today.

Okay, let's see, Sst, You know I don't I don't know. Um, I don't like how you had that big reversal candle on a Monday it didn't or Tuesday. it didn't hold up super well, so I'm not sure if I like that. Yep, market is fast, no hesitation.

winners, losers, they add up quick so you've got to just be super disciplined, make quick decisions, and that could be hard and very. You know in that instant you can make the wrong decision and the cost can be substantial. So it takes a fair amount of training to teach yourself to, uh, when to kind of ease off, when to be cautious. So yeah, look at that.
so you've got a hundred thousand shares of volume on that candle. I I hesitate. uh, because it the last time it came up here, the high was 64 and there was some resistance. so it's already put in four big green candles there.

But the high from uh, yesterday was about 7.89 right? So if you broke 789 then I would start to think maybe short sellers will get squeezed out so you know you can watch. In this area, your low right there is 35. Does it hold 35? Could be a stop on a dip watching. I'll take a starter there at 39 because it's holding 35.

I'm really not that interested in it. I don't like it that much, but we'll see if it breaks through 750 and then 760 770. So I'm up 10 cents on it right now. Watch for the breakthrough 750, see if it re-tests its pre-market high which was 764.

if it breaks over 750, I can add 1500 shares for the target of 764. Watching up here: 48.49 for the ad and the breakthrough the half dollar, but now going flat on it 100 bucks had resistance previously at 750 so I don't know. I like I said, I'm kind of just not that interested in this one. but if it is going to move, that was 100 bucks so I'll take the hundred bucks on it.

I might try it again. we'll see. I was up about 700 on it for a second there but would have had to sell at 750.. there you go so stopped out.

Pops back up new order 760. we're looking for the Breakthrough 64 added there 56. So now looking for the squeeze through 64. right? we're starting to ascend higher.

We break through 64, then we'd look for 775. so hi, that candle is 63. it's up 20 percent so it's moving up the scan a little bit. Double top right now is 64.

uh, added at 750 to buy the dip and now look for the Breakthrough 760. 765 watch over 58 and 59. so added to 58. we'll add again at 59.

yep, added right there. Looking for the break through 764 and then looking for a move up to 7.75 This kind of setup high day break. We'll see if we get that break through 775 780. Yeah, you've got a double top there, but at the same time, if you can break that level, there's a 30 000 share bid.

See that big bid? Then we start seeing bigger bids like that. That's also. you know it's interesting. Got about eight minutes to the open so this one ends up being the one I'm focusing on here watching for the Breakthrough 60 and then I move up to 75.

this right now is a one minute micro pullback looking to add with a stop just a little below that big buyer On the level two. we're at the 20 moving average on the 10 second chart. so we're watching here first. one minute candle to make a new high which is going to be over 55..

All right, so there's 57. Let's look for the Breakthrough 60. this is first one minute candle to make a new high right here. So I'm going to add a 55 and I'm looking for the trade through 760 Target 764.
let's see if it wants to break that level. I just went flat on it. Take the loss. It's a false breakout on the one minute.

You can see right there at a high of 60 but couldn't go higher. So you know. Well, not surprising. Like I said, I don't really like it that much, but it could have worked.

This is above the 200. I don't usually like to trade below the 200, but occasionally I will. We'll see. you know it depends.

So that is a one minute micro pullback, but you would need it to resolve and go through the high. I think one of the problems and the reasons that it maybe didn't is that it doesn't have fresh news today. It was already a little choppy yesterday, so it just doesn't have the strength to break those levels. We've got about five minutes of the opening bell right now.

Yeah, there was a buyer and then that that bid appeared. All right. So uh again, thanks for those. Uh tuned in on Youtube.

I hope you hit the thumbs up. I hope you're subscribed to the channel next Monday at 1pm. I'll do a free class here on Youtube on scalp trading so you guys can stay tuned for that higher volume is on those two red candles on Sbfm. So coming into the Open I don't really have anything I like.

so we'll be watching the high day moment scanner. We'll see if something surprises me. Something that might pop up that I wasn't uh, already watching. We've got seed seed is still worth watching Sbfm.

I don't really like it that much now I'm red on it so probably won't go back for that one. So we'll just be watching at the Open to see where we have some volume what holds up. So that's the game plan. I'm gonna keep broadcasting for Traders uh, in the Warrior community those on Youtube you're welcome to join if you'd like.

You get access to our software. So Warrior has the scanning software that I use that our members use, so that's a big a big benefit. That's something that you guys get. and then you also get access to my library of educational content seed coming up a little bit.

so this is coming into the volume weight. Average price right here. There's another 30 000 share buyer, an Sbfm. Yeah, see the 200.

It is right below or what. The 200's actually is just above the 200.. yeah, 200 to 873.. All right.

So two and a half minutes to the bell. so thanks again for those tuning in on Youtube. I'm going to end the broadcast here and I'll be back at first thing tomorrow. Morning Show for um you guys here on on Youtube.

Alright, so I'll see you in the morning. Thanks for tuning in, you.

By Stock Chat

where the coffee is hot and so is the chat

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.