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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/
#daytrading #warriortrading #rosscameron #stocks #learntotrade #premarket #daytradingstrategies #tradingstrategies
Warrior Trading // Ross Cameron // Day Trade Warrior
All right everyone. Well, um, it's about five of nine here. So as we're sitting down this morning, we don't really have a lot to work with yet. Um, we're getting some momentum on a couple of energy stocks hoosa and Indo.
Both of them are on lighter volume. You know both of them have big Well, Indio especially has big spreads. Indio, you know, does have room, but it's just hard to trust who'sa has more volume. Uh, that one's going to be a little more trustworthy, but they're still both a little tricky.
So, and trading energy stocks has not always been super easy. And the thing with this, who says that it's already up quite a bit? right? It's already gone from 660 to 726 without much of a pullback. Now it did pull back a little bit. kind of like right here and a little bit right there.
but it's getting extended. Um, so you know that creates that creates risk for sure. So that might be getting to a place where we get a little bit of a pullback. Um, looking at Uso United States Oil Fund, it's moving up.
But uh, you know at the same time you have this real disconnect with these stocks because they peaked in March when Uso peaked and then Uso is rallied back up. You know it sold off, but then it rallied all the way back to the new highs. But the stocks haven't followed that pattern. They haven't gone back to the new highs because these they were.
they were overbought. They were irrationally strong. and then once people switched focus, they came back down and they really haven't recovered. So on days like today, you know you're seeing little little pops, but we haven't seen so far that they've been sustained.
So aside from a short-lived pop, they haven't been sustained. And I think that makes bullish traders naturally a little bit more cautious. and I think it's probably going to make short sellers a little bit more aggressive on these. So until we have one that really holds these types of levels and opens up, I think they're just going to be a bit too risky.
So you know, I did get a trade on on Hoosa on the break of seven dollars and you know it was fine. a small little base hit, whatever, but I just don't know that I'm gonna get any. uh, really nice trades on on either of these. and Indo is.
um, you know it's made a pretty big move there. From eight to nine, it's a full dollar a share, so you know it's the type that I will sometimes gravitate towards. But the volume is light, the spreads are big, it's below the 200. It doesn't have standalone news, and I just think that that all is a recipe for, uh, a big loss on a day like today in this type of market.
But we still have hope for news. At 9 00 a.m it's about 8 58 right now. I I don't know that there's a lot of hope, but we can be hopeful that maybe there'll be some news at 9am. So 90 seconds till 9 00 am, you can see Indo has highest volume actually on a red candle here.
Son M is our leading Gapper, so if we're going to think about what's obvious today, well, leading Gapper is certainly worth looking at. but it's an 85 cent stock. Second Leaders: Kavl uh, it's It's also a fairly cheap stock. This one's below the volume weight average price right now, below the 200 moving average according to my charts. I don't really like it, mostly just due to the price, and actually when you look at the level two, you can see how thickly it's traded. It's just a slow mover, you know who'sa it's more thinly traded. This is the type of stock they can move faster for sure You? Okay, so there's 9 A.m Yeah, whoso does have a daily that's a little bit more interesting. Uh, but you know, I still just don't know if it's going to be able to hold up and make a bigger move.
You Uso popping up? Yeah, and I'm not going to trade Uso. It's a bit too expensive at 90 dollars, but I can watch to see how the move in Uso has an effect on other energy stocks you. So who's uh, the high was 29. You've got high volume coming in here, which is good to see.
There's 30 33. 33 on Hoosa, 34 35 so I think given I'm going to take a starter on Indo here because with Hoosa being strong, I think we'll get follow through on Indo. So watch Indo through 10. I'm going to scale in here.
Adding at 68 for the breakthrough ten dollars. This is the type of stock that we know can make big moves so let's see how much it wants to move. Added 75 there. Now you've got 90 on the Ask.
It gives me a chance to take a little profit. New order is it 90 10 000 share at 80, Taking a little profit at 80, a little more profit at 10. New order added at 1005. now looking for 10 15.
booking a little more profit on this hoosa, moving not as high, much higher. So this was a Um entry here for the break through nine and then I added as it moved higher holding 877 shares. The high of this candle is 10 16. watching for a dip added 81 to buy the dip for the break back over 10.
So you've got 90 on the ask 95 98 and there's 10. That's the goal. Profit: New orders at 10 and 16 cents added 1004 Profit: 1022. we'll just keep trading the range hi this candle is 10 30.
add it at 10 30. Now looking for 10.50 there's 40 or 34. new orders at 45. added at 42 on Indo.
We'll see if we get the break of 10 50 and move up towards 11.. there's 48. profit at 42 and 45. Husa moving higher as well.
High on who says 38 who so could leave an order at 40.. So we'll mark the high as 48 on Indo Dip at 40. Bought the dip looking for the break through 50. there we go.
These are going to be quick trades. Get in, get out, book some profit. Not looking to overstay my welcome watching dips waiting for a pullback? The view app is at 9 82. so red candle forming.
Some people probably short around this area for the pull back down towards V-wap I have this candle is 10.50 We're coming down to the 20 moving average here on the 10 second. Bought the dip on Indo at 10 10. looking for the bounce off of V-wap and a move up to 10.25 watching ad off of 9.89 Add it at 1003 now watching 10 15. There you go. there's 10 20. can we get 10.25 flat? For now, V Wap is this orange dotted line. Another dip at 1001. These are just going to be small gains smaller share size.
Bottoming tail candle high is 10 15. reminders always that trading is risky. My results are not typical. You shouldn't try to blindly follow me or anyone else.
Add it at 10 right there. What's interesting on the level 2 is you're seeing 1063 as the next order. So that's making me think that this might squeeze back up watching 10, 25 and 35. Bought the dip at 10 12 looking for 10.25 flat at 1009.
we'll keep an eye on Uso and Hoosa. We're churning a little bit right here in this area. Dip at 97 looking for the pot? back up to 10.05 10 15. there's 1007.
So a little bit of a bottoming tail candle again flat at 1001. Small game. So one of the problems with small trades of you know, like a thousand shares or 2 000 shares. You know I do that 10 or 15 times and you know each time I press the buy and sell button and each time I'm churning those shares, I'm racking up commissions so I have to be a little careful on that.
Added at 1002 Bought the dip for the retest of uh, sorry, 82 looking for the retest of 10. So there's 97.98 That's a profit opportunity. now. we'll see if it reclaims ten dollars 93 on the ask 96.97 So a decent little trade there from 82 up to 95.
they don't have to be home runs. the small gains add up. Thank you as always for those tuning in this morning. Nice reclaim of ten dollars.
Good job for those that bought that dip there off of 80. add it back at 15. now watching 23 28. Nice.
so we have to be a little careful. That's a pretty high volume green candle which is good to see, but we just have to be able to manage. Risk: The high of this candle is 33. I'll put my new order at 33.
about 13 minutes the opening bell. so high high volume candle there, but then dips down on lighter volume. That's a little interesting. Clr is higher priced all right.
Well, we've got about 10 minutes to the opening bell here. Uh, We ended up getting a couple of nice trades on Indo small trades on Husa and we'll see whether or not we get more opportunities today. Pleasantly surprised that I got a couple but had to be a little aggressive as it was squeezing higher. Kold I believe is an Etf.
Yes, it is natural gas Etf. I'm not going to say it's not a big move it is, but just be aware that it's a natural gas Etf. so energy is moving up and this is going to be you know, worth keeping an eye on for opportunities as we continue through the morning. So for those tuned in on Youtube, thank you guys for being here! I'm going to end the broadcast a little early and trade the rest of the morning for uh, Warrior All Access members. I'll upload a recap a little bit later today and thank you guys as always for tuning in. and if you want to learn a little bit more about my pre-market trading strategy, I'll put a link up there in the corner you guys can check out. I want to remind you as always that trading is risky. My results are not typical and I encourage you to take it slow.
All right. Looks like we've got some opportunities, so let's keep focusing on trading.