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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. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌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
Gotta get my trades from yesterday. Good morning everyone! So before we get started, you can see my disclaimer there for those on Youtube and Facebook as a reminder. Day trading is risky. Most beginner traders lose money, so you should approach this with the attitude that you will lose money For that reason, you should trade in a simulator before you ever put real money on the line.
If you can't make money in a simulator, you have no business trading real money. Don't try to blindly follow me or anyone else. You've got to understand why you're buying something. Where you're buying, where you're going to get out, and what your risk is on that trade.
Let's do the intro. All right everyone. So we've got about 45 minutes to the bell. Uh, you can see I've already taken a few trades this morning.
We had, you know, a little bit of this kind of pop and drop stuff already this morning where we had Vcnx pop up from three bucks all the way to a high of 595 and then pulled back. Right now it's below the volume weight, average price. If it can get above that, we could see a break of Vwap setup. So you know the high here on Vcnx is 4.89 It is easy to borrow.
The float on Vcnx is fairly low. Um, I'll have to just double check it. I think it's 6 million shares. Um, 12 million shares is what I have.
I'm gonna have to. let's move this up here. Let me refresh this. So what you actually have here? I'll take a trade there.
That's this is a um So we talked about this in the Warrior Pro class yesterday. That's a micro pullback right before the break of V Wap, which is a pretty powerful setup so this is one that I'd rather uh, rather than sell quickly, I'd like to hold this for a second, see if it can hold above V-wap and then on the first dip above V-wap take another trade on it for a move up uh, towards 550. this is of all the gappers, we have the strongest looking one. so there's a buyer at 505 right here so you can see on the 10 second chart we just broke the volume weight, average price, high volume candle which is great to see and now the question is can we hold above it So the high that candle is 512 Adding the uh, let's see so I got to go in and increase my share size on this.
I'm going to look to add there, I'll just increase it a little bit added there 511. this is a little 10 second micro pullback after the break at the volume weight, average price. I'm going to look for this to curl back up towards 5 25. right here we've got the one minute pullback forming above the volume weight average price.
so 512 is our breakout spot. Then we'll look for 525 and move up towards 550. There's 511, There's 512. waiting for the first one minute candle to make a new high through 512.
505 on the bid, 502 on the ask volume weight average price is 94. I'm going to buy the dip at 505. looking for the breakthrough 512 and then through that break into that one minute candle take a little off the table. Reduce my risk on a little bit high is now 5 17. New order goes at 5 17. also happy to buy dips on it. Let's put this down here. What am I looking for? My Gap scanner? So this is our Gap scanner for today.
So far, Jpm is our leading gapper, Vcnx is the second leader. This is right here dipping down watching for a dip along at 92.. So I'm buying this dip as a bounce off the volume weight, average price and then looking for a pop back to 505 510. There's 50.
Well, 503 then reduce my size a little bit back down. Stop is just under the volume weight average price. The low that candles 490 so that makes sense as a stop. there's 93 on the bid 92 and there's 90 so sell the rest.
We'll let it pull back. We'll see whether or not it can hold this level. So the break of Ewap set up here. One trade there and then a retest and a trade through this level.
but this one what we want when we have a break of V app is for it to hold this volume weight average price. So here we got above it and then we came back below it on the five-minute chart. We still have 90 seconds left on this current candle and if this candle here which has a high of 499, if it gets back above 5 and this closes green, I might go back in. So I'm going to watch 501 To possibly get back in, I'll take a starter there 97.
See here's the thing. First candle to make a new high The high. This candle is five nine. First kill to make a new high is gonna be 509 so watch this over 509.
Adding there 508 so I add there for the squeeze up to 517. First one minute candle to make a new high. it's holding the volume weight. Average price.
Now there's 517. Can we get that, Move up to the V web or up to the 525 spot. Cost base is 504 so now I can hold the rest here. The high is 517.
new order 518. 519. watching a dip Buying the dip 510 Looking for the break through 517. This five-minute candle is green and is definitely stronger which is good.
There's 14 13. adding a 13 for the break of 17 and looking for that squeeze there we go up into the 20s. I'll take some out there. so that was a nice trade.
First Five Uh. First one minute candle to make a new high was actually 509. I bought the dip so in that little area there we had first a dip trade for this micro pullback for the break overview app, then another little dip trade right here. a pop up to 517, a pullback.
another dip trade down in this area. now a high of 522. This candle on the 5 minute high volume green. Pulling back a little bit Would have liked the first five.
First one minute candle to go a little bit higher than that, but at the same time it. well. we'll see what it does. So it's you can see struggling at the volume weight.
average price. It gets above it, then back below it, back above it, back below it. All right. So that's Vcnx there.
The leader today is Jmp, which um, at the moment, doesn't look super great. It needs to get back over the volume weight. Average price. What I'd like to see that over the volume weight. Average price Taop Taop is well below the volume weight. average price. As it sits right now, Mdgs well below is as well. So yeah, I don't know.
I've had a little bit of action, but and it's 8 51. I think what perhaps might be good is to wait to see if right at 9 00 A.m we get any, uh, press releases. Any Pr's because a nice press release at 9 a.m could give us a stock that's not currently in play. Let's see.
Wow! look at that pop on Vcnx that ripped right from 490 right back up to 529. So I'm gonna watch this here. I'm buying there 537 looking for 550. I mean now, given how much it's popping up there, I'm thinking gosh, this, this might actually give us a move back up to six.
It broke V web. Now it's strongly back above it. So watching uh for the break of the half dollar? 47.48 there's 46.47 added there for the break of the half dollar, taking a little off the table with 10 cents. New stop is break even new orders at 60 70.
over 60. Next trade adding 58 there for the squeeze through 60. boy this thing is uh, really, just taking off here. so let's watch it over 60.
it's got 11 million shares of volume. I'm going to do a dip trade on this. Let's just see the first dip after that breakout I expect will get bought up. Adding at 43 on that dip.
Now looking for the break through 60, there's 53. Watch over 55 Looking for the first 1 minute candle to make a new high and a squeeze through 560 and then up to 575 there's 55 Good 56 57 reducing size a little bit, should have gone right to 60 on that candle. I'm going to watch to do another dip trade on this add added at 42 45 Waiting for the first one minute candle to make a new high and then an ad through 58.60 We're not that far off the pre-market highs of six dollars, so let's see if we get the break at the pre-market high here high. This current candle is 54.
added at 38 doing the dips. So buying the dip trades, then back up over 55 looking for an ad and then through 60. Vcnx has given us some nice action here. Watch here.
Add there 60. So I'm adding into this level, looking for that seller to crack and then the rip up to 75.. So watch here again. 56 57 We can add 60 for the break through that level and then the squeeze up to 575.
here we go: 54 55 Adding there 56 57 there's 60. No can't break it so break even on that trade. I can always come back to it. I can look for another dip, but if I add for the break of a level like that, there's that seller.
It's a 60 000 share seller, which I'll do a dip at 34. the seller's not crazy big, but it's big enough that it's causing a problem. So from 34 to 40, 200 bucks needs to break through 60.. the problem is that we have a little bit of a double top here right there at 61. or well, 60 I guess. Welcome Amy! Good morning to trade at Uh 28. So buying the dip there, trying to anticipate the first one minute candle to make a new high, then back over 40 for a retest there's 43. Nice dip trade with 4 000 shares, taking a little out at 40.
New order goes at 550 551 Height of this current candle is 45. putting an order at 62. the five minute has three green candles in a row so it's a little extended. Added at 46 for the Breakthrough 50.
Looking for the first one minute candle to make a new high and then we'll see if that gives enough kind of momentum for a break through 560 and then up into the 570s so you can see the high This candle right there. So let's watch this over 55 Adding there. Looking for the Breakthrough 60. So let's see if this time it wants to break through 560.
add it again for the breakthrough 60 and taking it off at 60. Well I guess I only got filled at 61. I thought I was gonna get 64. but the new order is going to be 65.
high of that candle's up there so it's a little higher. But let's see. All right, I'll put that up here. Nice bill.
Good job. How do you sell 40 000 shares in light speed? Well uh, what do you mean? What's the context? It's not really it's I mean you could sell with hot keys. You could sell. There's a lot different ways you could sell.
Sure depends on the volume. If you have a very low volume stock, 40 000 shares could be harder. If you have a higher volume stock, it may not be an issue to sell in one order. I will sometimes take positions below the volume weight.
average price. Um, Oh, so you need to ask Lightspeed to increase that so they've set a max size on your account. evidently what you can do. So I can go in here under, go into your settings.
So if you click on a settings spot right here, you can open this up. go to trading and go to warnings and I have mine set at fifty thousand. So if I put an order for sixty thousand shares, it's going to get rejected because I have my own soft. It's a soft limit because I can always come in and change it.
but in the back end, Lightspeed can set a limit on your account as well and I don't know if they do it by default. Um, I have one on my account at 50 000 shares right now. Which after my big red day two weeks ago, I said, listen, can you guys just set a max on my account of 50 000 shares because I'm being too aggressive? Um, you know, I'm just, I'm not. Um, I'm not.
I'm feeling like I'm being too aggressive. I want to be throttled back a little bit And they said yeah. fine. So uh, you know after this week, I might move that back up to a hundred thousand shares because I've had a great week here.
Uh, but I don't know. I mean, we'll see All right? So I was going to import my trades from yesterday, so let's see. Um, so let's look at. We'll do a little recap of yesterday's trades here as well. Yeah, so for until you you so you can email service at Lightspeed.com If you email service at Lightspeed.com that's who I email when I want them to change my um, my my order max order stuff. So service S-e-r-v-i-c-e at Lightspeed.com And then you can say hey, can you change the max order size and the max share size on my account to whatever you want And in the meantime, you may have to sell in smaller increments You so you probably must have accumulated that position in smaller increments and now you're trying to sell it all at once And it's saying, wait, Max Max single order size? All right. So those you guys just tuning in on Youtube welcome, Thank you guys for joining us! Uh, I hope some of you guys, uh, are subscribed to the channel If you're not hit that subscribe button. We just crossed over 750 000 subscribers and now we're on our way to 1 million.
But we're not going to get there without you guys hitting that subscribe button and sharing the video with some of your friends. So please hit that subscribe button. We're doing a kind of, uh, push here to see if we can get up to a million subscribers. and I, I think we're I think we're going to do it, but won't be without your help.
All right. So let's see. So this was my P L yesterday: 76 000. That was where I finished the day which was fantastic.
So a great day yesterday day before 117 day before that 41 000. And I'm sitting up right now. 13 000? Uh, which is not too bad, so a little bit of a slower start this morning. Um, but keeping an eye to see if we have any uh, headlines or any Pr's that come out and give us maybe an opportunity in the first.
Uh, I don't know the first few minutes. Right after that Pr hits the wire. Let's see. So my detailed P L here on the year.
we'll do that on the month first. So on the month I'm down 5 800 Gross. So I'm I'm finally almost back to flat. Uh, on the year I'm up at 861 000 and after a single 275 000 red day, it certainly feels like a real victory to come back up to flat.
So I'm almost recovered from this drawdown. So realistically, it took me about two weeks uh to recover that 275 000 which is faster than I thought because I thought for sure I was going to be red on the the month. But my biggest loss of all time now. 240 000 in one trade on my birthday a couple two weeks ago.
Uh, it's bigger than my biggest winner of all time. and this is going to be sitting here on as a mark on my metrics for it. Might be there forever. Hopefully it'll be there forever.
Hopefully if if it's there forever, it means I've never had a loss bigger than 240 000. So it's always gonna sit there. that's you know whether or not it's always bigger than my biggest winner. you know? I don't know.
but it's definitely a good reminder. There I got, I got way too aggressive and I dug myself a hole and it took some time to recover from that. But also I just got too emotional on that day. And the problem is that 240 000 loss. I probably lost 500 000 because of that trade because on the days that followed it, I was so timid. I was so shaken that I I couldn't trade as aggressively as I normally would have. and then I missed a lot of good opportunities. So that loss kind of multiplied me by two.
At least I would say in terms of how much it cost me. and that's the cost of making that type of mistake. So this is forming a five-minute bull flag on Vcnx Cb-80 on the scans. it's energy stock.
I don't know. not sure about that yet. Watching Vcnx possibly so. started back at 55.
First five-minute candle to make a new high. I'm a little cautious on it. I want to see. So there you go.
So there's 67. I'm going to take some out at 63. I, I didn't. I didn't take very big size on that.
Only 3 000 shares? I don't know. I was a little bit unsure. the high is 69. So now what I usually would do is after the first five minute breakout, I'm gonna let it dip and then on a dip.
If it holds this level and doesn't turn into a false breakout, I'll look for the next trade up. So right now I'm not sure if it gets over 575 then I would say we might might have a chance at seeing six dollars the pre-market high. So Vcnx is our leading gapper so I like it. I'm still watching it.
Orders at 75 might increase my share size on it a little bit. If I can start to get dialed in along at 60, I'm gonna buy this for the break of 69. I'm thinking if we get over 75 we'll get that squeeze up to uh, six. So looking for my ad over 70.? as we start to accelerate here through 70 and 75, I want to see if we're gonna get that squeeze now and I'm selling break.
Even so, I was in and back out break even And that's fine. I could have taken some off the table for profit. I didn't I I held it. I was looking to add over 75 but then when it came back down I was in at 61 and I sold at 60.
So I lost about a penny, but that should have gone. You know it tapped 74. if it had broken 75, that would have made me feel better because then 78 then we're in the 80s. Then next thing you know we're coming up to the 90s so I'll keep it on.
Watch Taop Yeah, so this is a little odd. The volume weight average price is different on the one minute than the five minute. That's usually not the case. so it shows that it tapped it on the one minute it shows broke above it on the five minute.
So look at this. pop right back up. Hmm. So along there 74 73 for the break of 75 breaks over 75.
Then we're looking for the move up into the 80s. There's 78 adding at 78 starting to scale in here. I'm looking for that squeeze to 6 on Vcnx. I I really think that we're going to get that move, so let's just keep kind of watching this.
The high that candle there is 82. My new order is at 85 over 85 82 83 84 As it starts to accelerate faster on higher volume, look for that squeeze up to six bucks. The fact that it dropped and then recovered that fast and that sharply is definitely bullish. So there's 83, there's 84 adding at 85.. now we're starting to ascend back to 6.. it's our leading gapper. It's moving quickly. Watch over 88 for that move into the 90s, Adding at 87 right there.
So scaling in. Now for the squeeze up over six dollars, There's 88 adding at 90. there's 91 92. Can we get the break of 95? And then the squeeze through six.
Hi, there is 92. My next order's at Six dollars. There's 93 94.. So looking for that squeeze through six? And then 610 620? So we've got 92 91 Watching for dipped trades for an ad? High on that candle is 94..
New order is six dollars. Watching the dips here. The acceleration here as we come closer to the open is what we like to see for that breakthrough. Six bucks.
So there's 85. This is a micro pullback. I'm going to buy the dip there at 83.. So buying the dip there.
Looking for the breakthrough? 90? Then 93 94.95 There's 90 92 93. Can we get that break? No New order? Six dollars. I'm gonna let it do a micro pullback. Highs: 94 Watching for dip trades to reposition.
Being in his height, it's 82. There was a little high, given the fact that the five minute could benefit from a five minute pullback. Being went in with that type of full size down at 57 is okay. It's a five minute setup, but being in the full size as it approaches high a day and a double top, that's where it starts to get a little risky so I don't mind giving it a second to dip and then curl up.
But if it doesn't go on that second or maybe third try then I'm gonna say wait, I gotta step back for a second. so let it dip down the low back there is 71. there's 69. bought the dip at 70 but just a thousand shares.
Just kind of testing the water the five minute candle still has. We still have a couple minutes left on it so it's not gonna. We still have three minutes left on it. 20 million shares of volume though up 100 percent.
I don't see looking at the Gap scanner. jmp I I'm not into that one as it is right now. Took my small trade off the table. I'll put a new order at six.
It's premature up here. so I sold it because I'm worried about a false breakout. This is a little extended on the five minute. The one minute is the first one minute candle to make a new high from 87 there.
but now we've got a double top at 94. I'm afraid that people are gonna short against that level given that the five minute is extended into a double top. So I'd rather buy dips l-o-d-e Um, I don't know. C-bat it's not really holding up.
I mean, it's holding up well, but it's not really going a lot further. jmp pulling back Taop So the low of that dip there was 560. Still two minutes left on this current five minute candle. Still got about a minute left on this current candle. Let it dip back down. Maybe off of 60 could get a dip trade. There's 70 on the bid. We'll see if it goes a little lower.
Put an order at 80. I'll put it at 95.. So the lower it goes, the more I can start accumulating off those lows. And then the add is through the high.
But the five minute isn't ready yet. So just starting to dip my toe in, looking for either a bigger dip down towards 50 60 or this five minute candle, just give us that five minute full flag set up. So there's another dip there. 74, 73, 72 So again, picking up a little on those dips down to 74 74 76 Waiting for the five minute setup before I can be more aggressive, five minute setup is the first five minute candle to make a new high which is going to be over 95..
So this five minute candle is closing right here. The high of this one minute candle is 84.. So 84 is a pivot long at 80. are adding at 80.
now looking for the break through 95 which is our apex point. Adding there 95 for the squeeze through 6 and that ends up being a nice trade now. New order 610 Adding a 605 there for the squeeze through 610 Looking for that acceleration up over 6? 15 620 It's holding six which is good. adding at 607.
there's 612 615 taking some off the table. New order 630 625. taking a little more off the table sizing down. So this was a clean setup.
So now size down. So what I was doing on this was accumulating on the dips right down in here. So into the first five minute candle to make a new high I could add to full size. so I didn't get to full size, but I was able to add well enough on the break through 85 and then 95 and then over the whole dollar of six take profit.
I did a little dip off of 605. for the break of 610 we got a high of 615. a more parabolic stock might have gone to 625 or 650 on this flat top breakout. This right now is looking like it might be a false breakout, but this stock has also several times dipped and popped right back up.
So I'm going to watch it here to see if we can get a dip trade long at 78. So buying that dip for that retest back over six. sort of the same as what we had originally back at the volume weight, average price. Now if it gets back over six all of a sudden, we're looking for a squeeze back to 615.
So orders at 605. watching back over six for my ad, adding at 97, there, back over six and then looking for the squeeze up to 6 15. First one minute candle to make a new high over six. We want to catch that break.
There's 605. So ah, so took some off the table there. 5.99 New order 612. I actually hit the wrong hotkey.
I meant to sell half, not whole, but that's fine. New order is at Uh six. I'll put it at 6 15.. So I did a dip there.
it pops back up or 6 10, 6 15.. watching that area, if it can hold, we've got 23 million shares of volume. We're up 100. Clearly, trading dips on this is easier than trading the breakouts. Um, well, that breakout was okay, but maybe now I'll just wait for a second and see whether or not this wants to give us, uh, another trade over 605. So add it back there. Let's just see if it breaks 605. If it breaks 605, then I'm going to start to size up 6 8, 6, 10 for the break of 6 15..
So adding there for the break of 6 15 and then looking for a squeeze to 625. Now it's starting to size up. So there we go. 6 14, adding for 6 15, break and up to 6 25.
There's six there we go. So when you start to see it opening up like that, I'm in a 607, The high is 620, new order 621. adding a 618 there for the break of 625. once we start to pull away from the whole dollar, that's usually when it'll start to accelerate a little bit more and then we would start to look for that move up to 650..
So holding right now, looking to add over 620 volume? Definitely coming in there 620 625. Those are the levels that I'm watching. Buying at 15 for the break there of 20, taking some off the table at 20 and 17, new order at 31. hi, that candle is 28.
I'm holding 3100 shares, sizing down a little as if I'm sitting at break even leaving the order up here around 28 30. Hi, this candle is 28. So that was a topping tail candle on that pop to 28.. I'm gonna watch for a dip trade as long as it holds six.
So buying a 608 there dip trade. So buying the dip off of six I expect it'll hold this psychological level and as long as it does then we're in good shape for a move higher. So holding at 609 fill the 609 610 back over 6 20 6 30 would be ad for a move back up towards 6 28 and then 6 30, 6, 40.. So watching for my ad on it adding there at 15, let's see some volume coming in 15, 16, 17.
So starting to perk back up over 18 and 19. Then we want to get that break through 20. watch for the next ad added at 17. So I start adding as it squeezes higher.
new order at 21. want to see a break back over 20.? that's just a little bit of psychological resistance Sizing back down to 3 000 shares as it dips some was break even. High of this candle here is 28. Can I get a dip off of six? Pop there for a second back to 20.
So this is certainly active trading on Vcnx. It's not one entry and just holding it and letting it work. It's getting in, getting back out, getting back in, getting back out. Looking for the break of 620.
First one minute candle to make a new high. add there for the break of 20. then the targets 25 to 38 to 28 to 20, 25 to 28, then up to 30.. looking for the ad over 25 and then into 30..
add it at 25, there's 30.. just again keep riding this momentum. Looking for the squeeze up to 650. So can we get the break of 28? Watching 28 for my next ad squeeze through 28 and then up to 30, 38 and 40. nice volume. 26 million shares added at 26. Right there for the breakthrough. 30.
can we get that break of 30? Then up to 35? That'd be nice. Added right there at 30.. looking for that squeeze through 35. definitely some nice volume on this.
There's 31. now chopped out a little bit there out at 27.25 sized up a little too much right underneath that breakout spot. adding at 30. Well, we broke the flat top of 594.
The double top high is 32. should have broken this high by more than four cents. So for right now I'm sitting tight. I haven't seen the bobcat.
Uh, I did. I have seen some paw prints out in the woods that look like the bobcat, but I haven't actually seen him. I have seen the fox, the Red Fox. I see Jfu.
It's 195 million share float. It is the fourth leading gapper, but I'm going to leave that alone for right now. So those of you guys tuning in on Facebook and Youtube? uh, thank you Good morning. I'm going to put up my disclaimer just again here as a reminder that day trading is risky.
If you didn't already know that most beginner traders lose money and you should trade in a simulator before you ever put real money on the line. The good news is our students warrior, starter and pro students have access to a simulator. So if you decide to continue to learn and you want to learn more, you're welcome to join us and you'd have access to our trading simulator. We have a monthly subscription for it, so um, and I also would love for you guys to hit that.
thumbs up and subscribe if you haven't already. We're trying to, uh, close in on 1 million subscribers on the channel and so we'll get there only with your help Every morning. I do the the live morning show which is totally free. There's no ads that run through it, so this is just totally free for you guys.
And uh, I think that's why we've gotten so many subscribers on the channel, But in any case, appreciate you guys tuning in. So as we sit here with four and a half minutes to the bell, we've kind of crept right up to the open. And I think I've traded Vcnx fairly well. but it's definitely not the big big move that we had like yesterday on quick or on.
Well, we had two moves we had to move on quick yesterday where this thing went straight up from 8 to 20 and then we also had Gtech where this thing went crazy from 8 to 27. I was wondering and kind of hoping we might have something like that today and we didn't So today, Vcnx, Jpm No, sorry Jmp these ones, You know, well this one's done. Taop is is done. Mdgs.
I mean, unless they get back above the volume weight average price. but Vcnx was the one that did reclaim the volume weight average price. so that was the strongest one which is good to see. So Vcnx will be the one that I'm kind of keeping my eye on and then I'll have my eye also for sure on the hi-day momentum scanner which is, uh, we'll be running right here as soon as the bell rings. We do have some updates, uh to the scanners. They're gonna be released in um, early March. So we've got some uh, new stuff in store for you guys for uh, Warrior starter and Pro students so you can look forward to that. And we're going to resume class for warrior Pro students today probably around 10 or 10 30.
This class Yesterday we did chapter eight. Let's see, we did Chapter Eight, Part seven, and chapter Eight, part eight. And so just to give you, um, context here, No, sorry, we did part six and part seven. So this right here is um, Slide Eight hundred 813 of 1300 Yesterday we taught for four, I taught for four hours.
so I did chapter eight set up six which is about two hours and chapter eight set up seven which is about two hours. It's a 20 chapter class, the Pro: the starters 15. but I was thinking about for this class wanting to really try to go into as much detail as possible, Remembering that trying to make the chapters really quick and brush through it is not really serving you guys who are trying to learn everything possible about the strategy. And so as it sits right now, Um, we started teaching the Winter School program about a month ago and you know we're sitting here at chapter eight of and we still have to get up to chapter 20.
So I will probably be going at least through mid-march I don't know. and we'll we'll see. but at least at least through March. we're going to be continuing to teach.
and I was thinking about going to college and stuff like that. and um, you know, because learning to be a successful trader uh is very, very difficult and of course many who try continue still fail. But you know if you're going to go to get a degree in like physics or something like that I was trying to think about like how many hours of study time and course time a four-year degree would be And I mean it. You know you start thinking man, of course a liberal arts degree, you always have to take your English classes and your regular math classes and stuff like that.
But uh, in terms of the you know, Physics 101, you know, freshman year and then two semesters, and then sophomore year, junior year, and then senior year and doing independent studies. I mean you're talking about hundreds of hours. Uh, a year. thousands of hours.
and so you guys kind of get the the course work and then you get the the lab time which is you know, hands-on actually watching the markets practicing in the simulator, trading side by side with me. So it's a it's a journey and to think that you could watch a 90-minute long Dvd and then learn and be able to trade profitably I think would be. Um, I don't think that that would be the the typical result. It takes time and that's and it takes an aptitude.
It takes a high level of discipline and you have to have a combination of all of those to be successful. So as we sit here, uh with 10 seconds to the bell? thank you guys for tuning in on Youtube and Facebook Doesn't look like anything really right at the open because Vcnx has pulled back a bit. but I'll be watching it to see if we pop back up through. uh six dollars and then 6 30 640. orders at 6 30. uh, halt level I see is 708. look at that wait waiting waiting for one second. I'm going to put an order at 640.
I'm going to let it dip because sometimes these halt going down. but I'm going to add right here for the break of 640. now it looks strong. Adding it: 645 Looking for the squeeze through 650? Watch Vcnx through 650, adding right there.
49 for the break of 50. Next target, Is it going to break 60? Nope. Sizing back down to 3 000 shares, I'm going to let it dip. I'm going to let it pull back.
so not a very big winner. You can see watching the dip adding at 610 on the dip. A thousand shares, Two thousand shares. watching it adding at Six Ten right there.
Again, looking for that curl Back up to Six Twenty Five, Six thirty cutting the loss there. Sitting at Twenty seven, so gave back two grand? Right at the open. There on that. let's see if it pops back over 605.
So back in at 99 looking for that break of 625. If we break 625, then we look for the squeeze through six. Uh. 650.
So watching adding right there. 625. Now let's give it, give it a second shot. The Breakthrough: 650 Adding at 622 looking for the squeeze through 650 and then up towards seven.
Here we go. adding at 45, there's 50 on the ask, there's fifth, there's 60.. taking that out into that squeeze puts me up 38 000. Wow.
goodness. Stepped up to the plate on that. The high this candle is uh 50 is 60. New order goes at 660.
So I'll hold small size through the pullback. watching this back over 650. see the scanners running Mtc buying the dip there at 37 for the break back over 650. So this is a 10 second dip trade.
There's 50 on the ask. Definitely some sellers stacked there. Order at 60 watching. Can we break back over 50 micro pullback? Then a break back over order is ready to add added 48.
There's 60.. can we get that squeeze higher Holding it 46 Order at 70. moving the order up just a little bit. Added right there.
Now can we get that squeeze on this up to 75 675 Then we're looking at a move to seven. New order at Seven Dollars Watching adding right there for the squeeze through Seven. Sizing up here. Now we're starting to go parabolic.
Adding at 95 Break of Seven Now looking for Seven Five Seven Ten taking some off the table from 83 Average New order 715. watching the dip adding at 705 right there for the break of 7 15. now looking for 7.25 Once it starts to open up like that, I start to size up. Looking for the break of 7 15 7 20.
halt level 758 Adding at 710 right there. Can we get the squeeze up to 725? Watch this 707 sizing back down. Sort of a false break. there. it broke over and then came back down high this candle 717. watching diptrade long it's 86 for the pop back up over seven. whole dollar straddling that level, watching for an ad adding a 76. There's a 95 10 second pullback.
Looking for the break back over seven added there at seven. Now looking for the rip through 715 Order at 720 to size up added there. Now looking for 750? Can we get that move a little higher? There's 725. Not bad.
New order 750. so nice dip. trade on this high is 30 adding at 28. So sizing up here.
Back to 17 000 shares Looking for the squeeze through 38.48 There's 45. Can we get the break of 48.? there's 50. taking a little off the table here. Looking for a dip? Now buying at 35, Looking for the break through 750 and then a squeeze up towards eight? I mean, obviously this is the one, right? This is the one that probably everyone's watching.
It's the leading gapper. It's moving quickly, so this is the one that I naturally would be aggressive on Diptrade Long 32 buying the dips on this, Looking for the squeeze through 50 for an ad added at 44 for the break through the half dollar. Now looking for 55.65 Watch this over. Uh, 750.
So we've got 46.50 Again, a seller kind of stacked up there. I'm jumping out of it for now. New order is at 60. watching dips starter 25 Very aggressive trading on this is it.
Gonna hold seven watching 2 000 shares right now? Taop Hey nice Taop squeeze into a halt. Nice. All right. I'll keep that on.
Watch on resumption. Uh, but Vcnx has a lot more volume so it's easier to get in and out with big size so I like it more. But Taop I'll keep an eye on. So first one minute candle to make a new high? There we go.
New order: 75 adding at 75 Now looking for the squeeze up to eight. This is parabolic momentum here. Over 85 Watching the ad adding at 85, trying to add on this for the squeeze through Eight: Look for the ad over Eight Back of mind Target Now Eight Fifty. Adding there at Eight for the break of Eight Fifty Eight: Squeeze up to Eight Fifty taking a little off the table.
New Order: Eight Twenty Five High of this candle. Eight Twenty Three Dip: Waiting for the dip Added 805 Bought the dip right there. Now looking for 8 30. there we go.
Looking for another ad on this over 825 Stopped out Eight Eight Dollars for a loss lost on the ad. So that's a loss there. I'm not sure how much I lost on it, but I think I was in at 8 10 18 000 shares. That's a topping tail candle.
That's an indicator of a reversal. Watching dips dip at 68, how much does it pop up, break even out at 64.? small, small loss. I can always add back. I'm going to let it dip a little bit more.
Is it going to hold the half dollar? Hmm. 59 million shares of volume that this? This is a classic gap and go set up gap and go up 165. Hi. This candle is 8 30. So where's the spot? Where's the next spot to go along? The dip. Trade that down there 40 would have worked well. Possibly it's tough because you've got a topping tail candle on the one minute. but the High: The last candle was 89.
I'm doing a dip at 55. I'm gonna try to double bottom right down here off of 42 37. So stop around that level and then over 65.75 I can look to add for the move back up towards watching over. so adding there 80.
now looking for the first one minute candle and that confirmation through eight dollars? Look at that man. this thing is strong So I took that off the table down to 2 000 shares. hi this candle's 12. golly high day is 30.
So that was a double bottom dip trade right there. 55 37. watching again long at 95 Buying that dip. Now I'm starting to think that we might see this back through 8 20.
adding at 8 20 right here. Looking for the squeeze through 8 30. Target is now 8.50 Watch over 8.25 as this starts to squeeze higher, we'll look for the break of 818 820 Looking for my ad watching? no sizing back down. Gave back a little on that trade 5 000 So that was probably my biggest loss of the day.
but I don't really mind because I'm trading this pretty well. So I sold half at 90 and the other half at 85 versus my eight dollar average or whatever. it was 803. So another drop long at 45 50.
Buying the dip flat bottom for the pop back up to 65 70. So same thing that I just did before basically dip trade off of that support level, stop break, even Taop. Yeah, so I see that resumption coming up here in about 10 seconds. I'm more dialed in on Vcnx obviously.
but there's Taop seller at 60. Can I break that level just watching it sold the rest of Vcnx so it broke that level. I'm doing a dip trade anyways just to see if it pops right back up, but only with 6 000 shares. I want to see if it pops back up to 55..
yeah, I'm happy with that. 58. that's like a thousand bucks. Nice job, Uh, and just another congratulations to John and Net uh, our two students this um, just now that have crossed over.
Wow, look at this thing. A million dollars in profit? Wow. Good for you guys long there looking for the break back over eight that surge up 815 adding 810. Here's the thing, when this starts to go like that: over 815 820, it's going to be a short squeeze.
So I'm holding right now and I'm looking to add over 815 watching adding 820 right there for the squeeze through the high. Look at that. Nice nice. That's I mean it doesn't get a lot cleaner than that high this candle the highest 40 watt size down and watching for a dip long at 26.
Buying the dip, looking for the squeeze through 840, then up to 850. This thing is so strong, so sizing that down That was a loss on that ad. but I'm okay with that. Again, that was smaller size and still holding a thousand shares. Buying the dip at 803. My goodness I I. I was thinking that we were we were gonna get a little bit more of a squeeze than that. I'm gonna be honest, I'm gonna sell the rest of it there.
I thought that was gonna go a little higher than just, uh, 10 cents. So it broke through 8 30. It only went to 8 40.. I thought we were going to squeeze up towards 850.
maybe 9.. I'll even order at 8.45 given house. I mean, given how strong it is 77 million shares of volume, the volume is cranking high volume. But now in the five minute, we're certainly extended off of that clean entry which was right down in this area, so this was fine.
This was fine. and then this one rips all the way up here to 840.. nice on Taop. Um, so I'm just really all focused on Vcnx.
It's the only one that I'm really trading in any serious way. you know, Taop. I got some trades on it earlier, but the volume is lighter. I like the higher volume because the higher volume allows me to get in with bigger size so I can make more money on it.
Taop. I can't take 30 40 000 shares. I I could try. I mean I could try and maybe I could.
but I don't have the conviction to do it and it would need quite a bit more volume for me to be able to really size up. now. if it was the only stock that was in play today, well, it would actually probably have more volume anyways just because of that. But if it was the only one in play, I would certainly be trading it more.
But right now just watching on Vcn watching Vcnx doing a dip trade there at 60. I'm going to try to catch the pop on this uh, starter size. For me, they're 75. I'm going to take it out at 65.
Maybe I'm leaving a little on the table there. I'm just recognizing this 5-minute candle just closed Red. So now we're kind of. You know, it's a little bit of a false breakout.
Maybe it's time now to say hey, it's a really, really good day. Seventy seven thousand dollars. So with that, uh, this has gone from my the worst month of my career, uh, to Green. So I was down 5 000 on the month before today and now I'm back to Green Green in February.
I. I didn't think that that was going to happen, so I went down 316 000 before commissions today. I'm clearing through that level. Well, you know, when the market when the market's hot and we have big movers like this, it's certainly easier to make money when it's choppy and I get stubborn.
Well, that's a quick way to lose money. So it's actually to be honest, it's very similar to January. Look at this. Look at this pattern here.
Red Red Red red. Now let's look at January just for just for a second. Very similar. First two weeks of January garbage and then the second two weeks cleared up.
I I and you know it was game stop. But I I don't know. I don't know why the first two weeks of January the first two weeks of February were so difficult. but this week right here has turned things around for me. You know, I mean last week was okay for me. last week I was up 75 000 or so it was. Or fifty thousand. It was a good week.
but this week's even better. So dug myself out of the hole. Not by hitting any huge huge home run just by. you know, Slow and steady.
So it's 9 47. We still have two minutes three minutes left on this current five minute candle. Thanks Joey, I appreciate that. Thank you Zack! You know if we had a stock like this every day 80 it's already got 86 million shares of volume? It's 9.47 You know this is probably going to have, well, certainly over 100 million shares of volume by the end of the day.
200 million shares, 300 million. I don't know. Volume will taper probably as we get further into the day, but unless it goes higher and then volume will pick back up. But this volume.
This stock yesterday had how many shares of volume like 200 000.? How does the stock go from having 200 000 shares of volume one day to having 100 million the next? It's a catalyst. That's what's all about finding the catalyst, finding the stock that everyone's excited about and then riding momentum. That's what Momentum trading is That dipped down there to 30, got bought up. Uh, it's not.
It's not a clean setup yet though. Uh, just have to wait. Can't really can't really take that. I mean if that if you got that dip trade, but it's hard to take that as a first entry.
but you know what it's doing. It's just squeezing out short sellers. So the high is 50. buying the dip right there for the Breakthrough: 50 Looking for a squeeze up to nine over 75? I'm going to add watch this over 6.75 adding 660, adding 670 Looking for the squeeze up to Nine dollars? This thing is super strong.
It just keeps going higher high. That candle 70 70 is my next ad spot so watch here for 70. there's 68 dip, add long 68. There's 75 in a 57 average new order 77.
sizing back down a little bit high. That candle. so good for you. For anyone that pulled the trigger there on the long over eight, that was a better setup.
I chased it on the break of the half dollar Half dollar Whole dollar. New orders at 77 80. can it hold 50? Buying at 57 Buying the dip there? it's holding 50 looking for 75 and 80 and a squeeze up to 9. halt level is 962.
I'm going to wait for the first 1 minute candle to make a new high. The High: This one is 67 added 45. Nice high volume so we want to see that rip through 65 and then 70.. this current candle has a high of 67.
77 and then 87. Looking for that? Move Up to Nine: Watching for my ad not selling. Looking for the order at Nine Dollars to add on this? add it to 85. Right there.
I think we're gonna get the break of nine. And then maybe Nine Fifteen nine, Twenty five? Hi. This candle is 89 Watching: 89 for an ad added there at 89 Looking for that quick squeeze? There's Nine taking some out. Hi now. new orders, Nine watching a dip long at 84 Buying the dip 83 added 95 Looking for the breakthrough? Nine: There's 904. I still think it's got a little more in it. 915 910 is the next spot watching a dip adding along at 85 for the break back over nine and then 905 915. I'm gonna let it dip down and then curl back up for that surge through Nine.
Buying the dip there at 75. So look for that pop back through 9, then 905. looking for 90s? So looking for that surge up into the 90s? Although this candle here is 57, First one minute candle will make a new high. Let's watch the break over nine and then up to 9 10, 9, 15.
there's 97. There's 98. Can I get the break of nine? watching for another dip? Orders at 905. size down a little bit feels a little a little top heavy.
I'm going to let it pull back and try to get a dip trade, but the order is still at 905 high is 9 10. one minute topping tail candle added to 83 Trying to do a little dip trade here for the breakthrough 9. Watch over 910 for the add nine added there. There we go.
Nice, not bad. Hi that candle is 919. new order is 920. Can it hold over nine? buying the dip at 904? Add it right there.
904 for the Breakthrough 920. next order is 25. now looking for a squeeze on this up to 950. acceleration over 920 Watch here 918 919 920 Adding there at 20 Looking for the squeeze through 9.25 then 9 30, 9, 40.
taking a little off the table sitting at 96 000 on the day. Wow high this candle is 9. 25 New orders at 35 added there for the break of 25. Now looking for the squeeze up to 35.
just continuing to ride this momentum. This is a micro pullback break 25. is this line in the sand added there for the break of 25. I want to catch that squeeze up towards 950.
there's 24, there's 27.. nice new order 950. I'm gonna let it dip back and then add back. Added 27 there.
26 for the breakthrough 30. there's 33 taking some off the table, doing some quicker base hits while I wait and look to see whether or not and at what point this is going to start to go. kind of a little more parabolic. I mean it's funny to say that it's up 222, but um, in this area it's been churning just a little bit.
It felt quite top heavy a few times. There risk is increasing as it goes higher. You're absolutely right. this is a good time to reduce.
uh, reduce share size with some profit Because now if I take a big loss, it's going to be harder to make it back as we get further into the day. so I can go in here and reduce my share size from 50 000 to 25 000 for the rest of the day. And with 25 000 shares, I can still have a great rest of the day. Hmm, maybe back over nine? Five minutes, a bit extended.
Yeah, there's quick little trade, you gotta see it. but if you see it high of this current one minute candles 917, it's holding nine Now looking for 917. So buying dips on this. Watching here added 83. Looking for the first 1 minute candle to make a new high low down here 77. Added it set at 83. see if we get that curl back up over nine, Looking for the break back over nine and the first one minute candle to make a new high First surge back up to 9 15, 9, 20. added there at 96 there's nine Reducing my risk on that a little bit high.
This candle is um, 908. The low of this pullback is 70. It did go just a little lower so it's kind of starting to possibly stair step down. Nice on Taop.
Going into another hall looks like almost halt level is 27. leaving my order at 9 10. watching for the first one minute candle to make a new high. I'm taking a starter there at and actually 88 and 90.
I'm looking for the break back over nine, the first one minute candle to make a new high added at nine. There's Nine Nine, seven in at 92. Back out at 89. You can see how it didn't quite make a new high on the one minute.
leaving an order at 910 maybe rather than buy dips because we're kind of at a flat bottom here and I could do a dip trade watching. Look at that so it hit 70 pops right back up. It needs a 5 minute setup. It's very extended up here.
Nice on Taop up to 950, Halt levels 978, moving a little higher long Vcnx Buying the dip there, it's holding 70. I want to see if I can catch that pop on the first one minute candle to make a new high adding at 81. looking for the pot? back up over Nine? Watching this adding at 89 there. So I'm looking for Vcnx to break back over Nine dollars.
Watch right here. There's there's Nine on the ask. Can we break through that level? First one minute candle to make a new high is right here. So this is sort of a perfect one minute setup.
So let's see if we get that crack through Nine. There's Nine popping out some orders there. 905. Nice.
Add it at seven, there's 15 20. look at that. Wow. High is 36.
it's going right back to the highs. Long at 35. Now looking for fifty? Watch over Nine Fifty added at Nine Fifty Five or Nine Fifty Four. Looking for the squeeze up to Nine Seventy Five Definitely sold it a little too soon, but it's okay and 25 000 share max size.
didn't capitalize on it as well as earlier, but let's watch this dip. I'm adding 41. buying the dip for the curl back through 50 and then up to 65 70. So first pull back after the five minute breakout so we'll see if we get that move up to 55 65 and then up to 75.
And then we're starting to look at a move to 10. holding right now Looking for that break back over 50. 10 Second chart showing a little consolidation 46 47 There we go. Can we get that break over 50.? So hi this candle there is.
Let's see 47 No, that's a dip That's a good size dip. Yep, I'm gonna. I'm gonna take the loss on that 20 grand, but I'll buy the dip it at 33. I'm gonna try to buy the dip and just catch a little bit off the low. So that's the first big washout that we've had on this. I was holding uh 19. I was holding 20 000 shares, 19 000. I stopped out 28..
So sitting at 84 000 on the day gave back 20 000 off the top. That's my cue to hit the road. The the thing is, I never know whether or not there's going to be like breaking news. What if there was news that just came out of a secondary offering or something like that, you know? And so that's why I.
I don't like to panic, but at the same time I don't want to be in a halt going down and then find out it is a news headline. So sometimes I do end up panicking. And in this case, realistically, this just breaks the bull. the bullish momentum as it has that big flush so I didn't really see it coming in that spot.
But that's okay. You know a big part of my trading is buy high, sell higher and then keep trading until my first big loss. So I try to keep in mind net profit. You know I'm net 84, but you know it's yes, I made some money, I gave back a little off the top, but I'm whatever I have at the top is never really gonna be what I walk away with because I could have stopped when I was up seventy thousand.
I could have stopped when I was up eighty thousand. I could have stopped when I was up ninety thousand. but I don't stop until I start to go red. So yesterday I went or was it yesterday.
Uh, day before I went up 150 000 and then stopped when I was up 117. Lost a little off the high. Today I was up 105 000, took a 20 000 loss and I'm up 84.. still a fantastic day.
Still puts me to green on the month. So at this point after that flush I'm not really interested in trading it because that you know, there's stocks that will trade all day without doing that. So once you have a drop like that for me, I'm kind of not interested. Doesn't mean I couldn't do a dip, trade off the view app and it doesn't mean it might not later go back up.
but I'd rather just be grateful for what I have and not try to just aggressively make back the 20 I lost. I just don't think it's really it's Friday. I don't think it's really worth it, so that's going to be it for me. 84 000 Sure would have been nice to be closing up over 100, but all things considered doesn't really make a huge difference.
Now, if I was up only 50 000 or 40 000, then I'm going to start to get upset because I'll have given back more than half of my gains giving back 15 20. That's fine. So that's that's my day. It's 10 A.m 133 million shares of volume.
So you know this is kind of where I think traders who make good money in the first 30 minutes say, all right. Enough's enough. I'm done as traders who, maybe right now are break even. Maybe on that last trade they had 50 000 shares, right? I sized down. If I had had 40 50 000 shares, that would have been a much bigger loss. You know? So when you start when when you don't size down, you keep holding bigger and bigger and bigger positions potentially or the same positions as it goes higher and higher. Then you put yourself at that risk for that flush. And then this.
You get this flush and now you're trying to dig your way out. You're trying to recoup losses. Now you're starting to trade it where it's getting choppier. You keep trading later and later in the day, and maybe You do get another breakout.
Maybe it does go back up to the highs, you know, but maybe it doesn't. And so I think one of the reasons you'll see these sort of declines in volume versus the open is that a lot of the traders that did well will kind of pack up and say, all right, I did a good job today, trading the most volatile stock in the market, the leading gap with the highest relative volume. I'll come back and do it again tomorrow morning. And you know, if you're a trader right now, that's like oh my God.
I just gave back everything I made. I've been there. I have had so many days where I went up 5, 10, 15, 20, even, 80 000 and then gave it all back back to flat. And you know what happens most days that I do that if I keep trading I go red and then I I go from being at my daily goal to being at my max loss and it's not worth it.
So hey, it's a break-even day. Come back, come back next week. You know if that's the case, if it's a if it because it's a red day, it's all right. I What did I do wrong? I I didn't reduce my risk because it was going higher and higher and higher and inherently trading high.
You know big gainers is risky, so I could even say that about myself on that trade. I was holding 19 000, but um, that was a pretty big position. A 20 000 loss. I think that's the biggest.
I don't think I had a twenty thousand dollar winner on it today. I had a lot of small five to fifteen thousand dollar winners. and then one big loss wipes out. You know, probably three or four winners that preceded it.
But what can you do? That's momentum trading. That's that's what happens. You just have to cut it loose and come back. and you know again.
just like my recovery from being down 300 grand on the month it didn't come from, one big trade came from days like today with tons of small trades. I mean small as a relative term, but um, you know that's so. this is my month here. So today puts me into the green on the month with five days left.
So I I don't think that this is going to be. I don't think there's any way this is going to be as good as January was. January. I finished up like eight hundred thousand dollars.
But um, but I think that I have a chance at staying green. If I can have a couple more days like today, maybe I do finish up 200 000 on the month. I mean today, I just went from down 5000 to up 80 grand on the month. A few years ago, 40 000 was my monthly goal. I don't even really know how to set a monthly goal right now in this market because it's so crazy. It's just I don't even know what to set as a goal. I don't know what to say as a goal for this year. If I said what I made the year before, I'd be I've already beaten that.
It's just it's hard to know when the market is this crazy. But I can tell you that this year I've been averaging twenty six thousand dollars per day. and last year I was averaging, uh, 20 000 a day. So this was last year, 5 million in gross profit, averaging 20 000 a day.
So my average is actually 25 higher. this year, my daily average. And that is in spite of this stupid huge loss that I just had on my birthday. So even in spite of losing 275 000 on my birthday, I'm still up.
Uh, I'm still averaging 26 000 a day if I hadn't had that so we could go just to the day before I was averaging 37 000 a day. And if we look at the day after my birthday. Uh, so we go from let's see here to here. I'm back to averaging 34 000 a day.
So I mean I I. But yes, there's 250 trading days in a year. If I averaged, I mean, you know, 30 000 a day times 250 trading days? That's seven and a half million dollars. But I'm I just don't think that I'm not setting those types of goals because the fact is, maybe it'll happen.
Maybe it won't. It's kind of out of my control. It's how strong is the market. You know, if the market continues to be as strong as it's been the last six months the last year, then maybe it can happen.
But if, but that's that's up to the market, You know I can't That's just if we go back to our looking pulling up our Gap scanner each morning and we've got, um, you know, our Gap scanners like Five Gappers and they're the leading Gappers are up like 25 on 150 000 shares of volume. Well then the market's cooling off. I mean, we used to come in and Gap scanners, you know, leading Gapper was 15 20 percent. Now we come in, the leading gap is 75 100.
There is simply so much more volume and volatility in the market than a few years ago. So I I think that this is. you know, I don't know. I'll do the best I can this year and I've already had some opportunities where I know I could have done better.
and I wasn't happy with how emotional I was being and some of the big losses that I've incurred. So I've got to try to tighten those up. But I've been doing a little bit better this last week last two weeks so see if I can keep that up, for the rest of the month? Um, and yeah, I don't know. I I wonder you know, can I trade at this level with these big big numbers? Uh, and still, you know, be kind of emotionally grounded and not get really really upset when I lose 25 grand in one trade or this.
I'm not upset really about this, but you know, where I live, where I go down. How much can I go down on the day? Twenty Five thousand, Fifty thousand. A hundred thousand. How far down Red do I go before I stop? Because I've had days this month where I went. Or yeah, this month where I went down a hundred grand and then recovered it and finished green And that was very emotionally taxing. It's very stressful, you know, stress on the one hand can be harnessed to motivate you to work harder and do better, and on the other hand can be very detrimental to your health, to the way you feel to the way you are around the people that are close to you. and so at a certain point, pushing yourself too too hard and getting more and more worked up and been out of shape can really be a problem. And when that's the case, bringing emotions down by reducing share size is the best is the best thing to do and and that is what I did when I was beginning to recover from that big loss.
But I don't ever want to dig myself a hole 300 000 again. You know I it it. I'm certainly in a place on the year where it's like, well, you know, look what does it really matter? You're back to the all-time highs. But this right here was this is the that was the worst day in my entire career ever trading.
I lost more in that day than I paid for my first house. I lost more than that day that I paid for my second house. I mean, that was 275 thousand dollars gone like that. I mean, so I don't want that to happen again.
So I'm very mindful of what happened on that day that kind of generated that loss. but uh, it's definitely Rel. It's definitely all relative and I've made it back here. But this is not really the equity curve that I was hoping for this year.
If I can, if I'm going to be honest, I would much prefer something like um, 4, 1, 20 20, 6, 1 20 20. something like something like that would be pretty nice. Can't complain about that. Uh, but you know it's only it's only 340 000.
So which would you rather have this equity curve? Probably not a lot of stress, but you make half as much money or the one that's kind of all over the place, but you make more and right now I'm I'm definitely kind of stretching and trying to trade as aggressively as I can and capitalize as much as I can on this little window of opportunity that may only last another six months before the market slows down. I don't know, I don't know how long it's gonna
soo much to be learned from this video example… thanks warrior trading
Folks, be careful here. Ross acknowledges that he never professionally or was professionally trained. Yet, he is encouraging you to trade high frequency, large position size, volatile stocks. He is claiming to make millions of dollars a year, despite no formal training…like a miracle….and then spend the rest of his day selling you courses and services and access. Come on, does this seems likely to you? Do it pass the sniff test? DO NOT listen to this total charlatan. A further word of advice, he has two trading accounts, one long and the other a short mirror, he shows the positive one. Its the oldest trick in the book and very easy to do. Thats why he never publishes his trades. Be warned and be careful!
Thanks for the streams Boss!
Hi Ross, Do you trade futures? If no why?
Hi Ross, which Broker would you recommend me to use from Colombia? Local Brokers don’t let me buy ETFs from USA
Ross do you trade as an individual or under a company?
How do we watch these live?
hello Ross
can you please make a video about how your interntional student will find a broker that works abroad and some infor , for example in UK before we make any money we have to pay 0.05 stamp duty tax on a stock that we buy so your stratigy does not work that way , so wanted to join your course couple days ago when i signed in to your free webinar but thought does not work for me , so can you please explain it .
$DISCA Discovery Channel Brought in 12 million subscribers!
Do you still use the speedtrader for your trades?
What software / A/c Ross is using for the Daily Trade ? I lost 4K on my 1st trade with you.. need moral support to come back Ross ..
Hi What time do you start pre market trading ?
how long will the 40% discount for the course last ?
So good to see you grounded!! Warrior Trading Rules..must abide!
Hi Ross, do you streaming premarket for paid subscribers to your website?
Thank you
Great vid
Your my role model, you are an amazingly kind genuine individual on a mental and spiritual level. Thank you for all you do Ross!
Id just can’t figure out how to sell short. I am on Tradestation but cant find a proper explanation on how to do it… anyone mind to share feedback?
Any chance you can show how you are actually entering and exiting trades? It does not appear you ever take your eyes off the monitors. Hotkeys? How are you setting stops so quickly? Hotkeys for that too? Watching charts is fun and all, but I want to see the meat and potato's of the entry and exit.
Which broker do you use??
Do you really charge 1000 to access your chat room?
Hi Ross, I love watching your videos and your morning shows! But how on earth do you place buy limit orders so quick when a stock is moving fast? I know market orders are riskier but my share size is usually under 2000. I want to start sizing up with limit orders but find it very difficult to place limit orders fast. It seems like you place limit orders as fast as I place market orders. Could you do a quick updated video on how to place limit orders as fast as you do? I use TOS right now but am thinking about using lightspeed in the near future. I do understand your using hot keys but a limit order needs a set price to be put in the order. Thanks for your time.
What are irregular trades on the time and sales ?
If trading could be like crypto 24/7 then there would not be any morning trading?