All right. so we're at the top of the hour here. 9 A.M and um, P-a-l-i Pally has been. uh, just hitting the scans.

Nice move from 70 cents all the way up to a dollar twenty. It's a little on the cheaper side obviously. Uh, it's not my favorite price range to trade, but you know it's making a move so it's probably worth watching. I Think that, uh, the way I'd probably approach it is you've got this first leg up on the five minute chart and let's see how well it can hold these areas.

So you know, even in this area here doing a pullback off of like 118, this is where I kind of feel like ah, you've got the red doji candle there. It's a candle of indecision. I don't know that this is the place to be a buyer. you know it feels extended so I would probably need to see more of a five minute pullback.

but I suppose if we got a really nice one minute, you know maybe people would jump in. But so there's 121 123 new high. But how that's three four cents is it? keep going. See it right there.

Starts to feel a little heavy as it dips back down to 118.. So you know if you've bought a lot of shares, you could have had a trade there. but uh, but that would have been the only way to make decent money. And you know, so we'll see if that gives more opportunities.

Uh, for those tuning in on YouTube the Morning Show Thank you for being here. Hope you guys hit the thumbs up! Um I will give you a link for the two-week trial tomorrow. All right! So I'll give you that link tomorrow next week. I'm gonna be.

We're gonna be doing a two-week trial at Warrior Trading. It's a it's kind of like an open house. Uh, the only thing we ask is that you pay your Market data fee which is I think it's 19 so 19 for two weeks to help pay your Market data fees and you'll get real-time Market data for my scanners for real-time Market data for the charts and then of course you'll be able to tune in to my ultra low latency stream which is always a little bit faster than the YouTube broadcast because we use different streaming software. So um, and yeah, so so that'll be starting uh, next week.

So I'll have two more morning shows we've got um today and then Thursday and Friday and then the morning show will go um on on break for the rest of the year. So for the rest of the year, I'll be focusing on students at Warrior trading and um, by the way. So for those who are already members of Warrior Trading, everyone that's on the open house will be on view only so they won't be able to type in the room only because we want to make sure all of our existing members still have a good experience while we have. You know, a bunch of people doing an open house, but of course those of you who do the open house.

If you decide to become full-fledged members, then you'll be able to gain the ability to type and ask me questions and stuff like that. So that's just a sort of spam control feature for uh for this two-week open house. All right. So I had some questions about that from yesterday.

so I just want to answer that. Um, straight away. So I hope you guys, uh, do join us for the two weeks. Um, but you know again, do as you'd like.

it's whatever works for you. All right? Uh, and in the meantime I will continue to post um on YouTube periodic Recaps Anatomy of a Trade episodes and my free classes that I upload from time to time on various topics. So the latest uh that I uploaded was let's see I had all about the Money which was answering the questions that people ask me when they find out I'm a Trader and those questions generally are all about the money. Is day trading a reasonable way to make money? Is this something I could do? How did you get started? how much do you make? what are the taxes and then another upload uh just from uh over the weekend where where taught was talking about the skills that you need so the skills to be a Trader so you guys can expect but I'll continue to be uploading those and there is for those of you guys on YouTube There Is We I have uploaded so much free content on YouTube I would just encourage you to continue to absorb as much of that as you can.

and you know if you want to watch me trade live. If you want to use the tools, then you know if this fall you want to subscribe, you're welcome to do that for a few months and give it a try. Okay, so it's 905 so I think I have the right idea on Pally not to jump in right up here. So yes, it went a little higher, but only by like five cents.

I Don't think that would have really been a a worthwhile trade, especially because I pay commissions on my trade. So so no trades on Pally I have not yet taken any trades today. As you can see right here for my position window, there's no positions in there so I've not taken any trades yet I'm just saying tight and being patient and I see my bit rate on YouTube is low I'll increase that uh for tomorrow I had it low from my uh uh the last week of traveling so I'll move that up tomorrow. All right, let's see Hi Good morning! Yes we have a lot of European Traders All right, let's see foreign.

which one? Yeah okay. Icct. Um yes. I have traded at 4am.

Uh, However, 4am. uh in this current market is a lot of just pop and drop these. They don't hold up and it's almost impossible to chase them because the volume is so low. you have terrible liquidity so it's not I Don't see it as really a viable strategy to the long side.

maybe to the short side shorting those pops, but you still have to be careful of shorting something on very light volume and low liquidity because those are the ones that can sometimes go up 100 or 200 percent. So I just feel like that's a little too much of a gamble for me. And that's the thing with trading is that there's a spectrum of, uh, increasing risk. The higher you take on risk, you know you start to get into a place where your buyer buying lottery tickets and and you know that's not always going to be the case, but just something to be aware of aware of.

Thank you! So I was at the firehouse yesterday doing some, um, yup, checking on progress. Progress is being made which is great and uh, you know it's just slow and steady. a little on the slower side, but it is steady all right. So let's see it's about ten past nine.

Well I Bought a, um a fire. The old fire house. The old fire station. It's a brick building built in I think 1898 and I bought it I was negotiating to buy it so this is kind of funny I my office was Kitty cornered to that office and there was no parking for my office and when I found out that building was for sale I was like I'm gonna buy it just so I can have park it because it has parking I was like I I'll figure out what I'm gonna do with the building but I really just want the parking So I knew a couple people had tried to negotiate to buy this building and the guy that was selling it was very finicky and very difficult to work with.

but I negotiated with him in 2019 uh during that summer and then in February of 2020 I bought it and that was right before the Covet lockdown. but when I bought it it was in bad shape like it would rent. when it was raining, the roof would leak and I knew there was asbestos and you know stuff like that in the building so it needed a lot of work it needed. uh you know it needed need a lot of repairs but it needed some.

you know, environmental remediation stuff too. So but then you know then it was trying to get that work done during covet which was impossible and so 2020 was very hard to get anything done 2021. You know things started to pick up but then the building has, um it's par it's it's a historical building so all the things had to get approved by the historical committee or whatever it's called. So you know like they wanted a certain type of roof we had to put you know, repair the roof.

but the roof was an asbestos roof so they're like we had to make sure we found a material that's not asbestos but it looks like asbestos because that's historically what looks right. So you know stuff like that but to some of these materials took forever to come in and it's just like you know spin. It's kind of silly, but you know it's just been chipping away at it. There's a flat roof on one part, but then there's a you know, regular roof on the Steep part.

So when I first bought the building I was planning that in the for on the first floor in the old garage Bay that's where I would host my seminars. You know the the events that we hosted like the one we did in Miami and Las Vegas and stuff like that, so you know. But then in the last three years life has changed. we haven't had any of those events and um I mean I I miss having them on the one hand.

but I also I I don't know that. um I don't know I've kind of I planned that I was going to be working down there, but now I've been working for my house for the last three years and liking that just fine. So I don't know. Now you know we'll see.

But you know because I can just rent out the space and then that's just a little passive income right? So just something to think about. You know one of the things that I notice. Trader You know traders who have become more successful and make more money? We deal with more taxes, but then there's things that you can do Like you know, buying a building and using depreciation and buying solar for the building and getting an investment tax credit that can all all be things that help offset your taxes. So it's like you know there's these things that people do, but you need money to do that but you know you can take out.

You could take out a loan to do the solar, but then you still get the depreciation on it so it's and some of that was easier when the interest rates were lower. But in any case, managing taxes is something that Traders in the U.S have to think about a bit. All right mitk. I don't see much going on there.

Cxai popped up for a second and you know I had a sort of big plan with the Tire Kickers project um and covid sort of change that as well. so you know these things happen. Yeah, I don't see anything on that one. So overall Market S P 500 gapping down just a little bit from four? Uh, 450 down towards 448.

So Yeah, Eric so I I Hear that? Be nice to pay for the scanners plus the live stream and not pay for the charts. So here's the thing with the with that. uh, just pretend you're getting the charts for free because you basically are. Once we are subscribing and paying for Market data for you for the scanners, then you're already paying for the data.

You're already consuming the data. so you might as well use the charts. And if you don't want to use them, don't use them. But you know, with the way we've we kind of put everything together as a as a as a package.

Are there some people who would say no I want the scanners I want the stream but I don't want the charts? You know we've we've experimented with that, separating it out and maybe we'll do that again. It just it. Kind of I don't know. it's it.

seems like it's it creates a lot of little sub uh, categories which I don't know really makes a huge difference, but you know well I appreciate your thought on that and maybe we can bring it back. give you multiple options. We want to try to be flexible, but sometimes it's It's Tricky when it makes more work for us, when you have someone who's like oh, I want to try this but no I don't want to try it I want to switch back or this and that foreign 10 minutes to the opening bell. Yes, you certainly do need charts, but I understand that some people might use charts from their broker.

whatever. So if they're mostly just using, if they mostly just want the chat room and the broadcast, or they maybe just want the scans I don't know there's I mean different people want different things to fill in with what they're already using. but you know our job is to make it easy. Make it simple and that's kind of the thing with the scanners.

These these are very easy to use. You don't have to program, you don't have to figure out settings or download someone's settings and install them. These are scanners that I've developed that I use my own Trading and so for you, you're basically getting access to the same system that I'm using and it's It's very, very easy to use. Hey, good morning! So I have no trades yet pre-market It's a very slow pre-market session.

so for Canadians um I Unders. so question what platform do you recommend for Canadians We're not allowed on light speed, so it's true that a lot of us Brokers um and even some International Brokers like Cmeg don't accept Canadians Um, you could check which about Trade Zero International I'm not sure what their rule is on Canadians someone might be able to comment um I think interactive brokers and TD Direct So definitely interactive brokers. Uh, Trade Zero has a Canadian offer now. Okay, so that's confirmed and do any of you use TD direct I Don't know if that's changing with um, the Schwab buyout? Yeah.

I've heard of Quest Trade as well. Foreign, so interactive brokers? Um, yeah. well. I Trade Zero.

They've got a good commission structure Okay so we've got about six and a half minutes. the opening bell? Six minutes Pally P-a-l-i still holding up I don't love that red candle that marks the top, but thanks Steve Yeah and that's you know. the idea with day trade Dash is to build all the tools into one place. So there's a nice little pop to 2627 so your current high is 27.

I Just kind of struggle with this a little bit because it's like how 10 cents you know I I Don't know. It just doesn't feel like a lot. Does it go up from here to 37? Doug Do I get another 10 cents out of it up to 40. low of the Gap is 171.

so there's 27 28 29. there's you know there's some stacks of sellers, which you would expect because this is a cheap stock. so you're going to have 10, 20, 50, 000 share sellers. You'll have some hundred thousand share sellers that come out and you know, short term they're going to scare off some buyers.

It'll probably still go higher. It's got 10 million shares of volume, but so that right there was the micro pullback, but it only went up to 29. So yeah. Best broker for Asian Traders Um, Well, I would say for international traders in general, you'd be looking at Cmeg and trade zero those two.

Those are probably the most popular. All right you guys. So we've got a game plan again. Reminder for those tuning in on: YouTube I'm going to give you a link tomorrow for the two-week trial that's going to start on Monday Uh well.

I guess as soon as you sign up to the trial, you'll be able to have access so you could start sooner. But anyways, I'll give you that link tomorrow and uh, then Thursday Friday will be the last two days. The morning show for The Fall season as I switch gears and focus uh, just on students that are part of Warrior. So uh, fall is usually when it's hot, so we're going to capitalize on the momentum this morning.

So far Pali up 75 percent. We'll keep this on watch, but also kind of looking for something that fits a little more into my price and volatility range between like three and you know, 2.20 or something like that. Okay, so that's the game plan here, with about two minutes to the open. reminders always the trading is risky, my results aren't typical, and there's no guarantee you'll find success.

whether you're trading your own. you'll learn from me. so take it slow, manage your risk and I'll see you back here first thing tomorrow morning.