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2.Β Frustrated by the PDT rule? βπ« I know I am! Check out this link to read about how Day Traders with Less than $25k can trade ππ₯ - https://www.warriortrading.com/how-to-day-trade-without-25k/
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5. Okay, so I make money...But here's the big question, do any of my students make money?Β Check out this student success story about John's path to making over $500k π°π΅ since he learned to trade my momentum day trading strategies. John's results are NOT typical and are not intended to be a representation, warranty, or guarantee that simliar results will be obtained by you - https://www.warriortrading.com/success-stories-john/
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Warrior Trading // Ross Cameron // Day Trade Warrior
You're 7 Steps Away from Learning About Day Trading
1. Your first big step to learning about day trading π β° is to register for my next FREE Day Trading Webinar π₯ πΊ π¨βπ«When you register, you'll get a free digital copy of the best-selling book (best-seller on Amazon) titled "How to Day Trade" by me, Ross Cameron! π - https://www.warriortrading.com/free-day-trading-class/
2.Β Frustrated by the PDT rule? βπ« I know I am! Check out this link to read about how Day Traders with Less than $25k can trade ππ₯ - https://www.warriortrading.com/how-to-day-trade-without-25k/
3. Donβt understand the lingo? π΅π±π³π―οΈ Learn the most important day trading terms & definitions on this page here - https://www.warriortrading.com/day-trading-terminology/
4. I started with less than $1000 and turned it into over $1mil π΅ π° in trading profits π - https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/ Remember, my results are NOT typical. Day trading is very difficult.
5. Okay, so I make money...But here's the big question, do any of my students make money?Β Check out this student success story about John's path to making over $500k π°π΅ since he learned to trade my momentum day trading strategies. John's results are NOT typical and are not intended to be a representation, warranty, or guarantee that simliar results will be obtained by you - https://www.warriortrading.com/success-stories-john/
6. Are you ready to take the LEAP? π€ΎββοΈπ€ΈββοΈΒ You can watch me trading every morning in our day trading chat room. π¨βπ»π©βπ»π₯ - https://www.warriortrading.com/day-trading-chat-room/
7. How many monitors is too many monitors?Β Check out this video here on setting up your first day trading station ππβ¨οΈπΉπ₯π₯π₯π - https://www.youtube.com/watch?v=1VPQURM9C3g
Disclaimer: https://www.warriortrading.com/disclaimer
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Good morning, everyone all right, thanks uh folks, for tuning in on youtube, we're going to start the broadcast in about 10 minutes closer to 8 30.. I just wanted to get the uh live stream up and running, so people can get tuned in and get settled in. Hopefully, you guys hit the thumbs up and subscribe to the channel. We've got a goal of hitting 1 million subscribers by the end of this year.
If we do i'm going to start a brand new small count challenge on january 1st, so that's something to get excited about. Hopefully you guys share this video with some friends i'll put up my disclaimer as a reminder. As always, that trading is risky. My results are not typical: most beginner traders lose money, so you should assume, as a beginner, that you will lose money with that assumption in mind trading a simulator before you put real money on the line and then don't trade with money.
You can't afford to lose watching a video like this is uh, certainly not a guarantee you'll find any success in the market, so take it slow all right. So there's the disclaimer and i'm going to put up the starting soon, whatever and uh, we'll get started about. Well, six: seven minutes, hey everyone good morning, all right! So it's just past 8 30. scanners are up we'll be watching to see if we get um breaking news.
That'll probably be what i focus on this morning. That seemed to give me some good opportunities. Yesterday. We do see some continuation on ocgn, which i'll keep an eye on, but we also know the float on that one's a bit higher.
So not uh. Maybe the picture perfect setup, but that's okay! Um, let's see those you guys we're getting tuned in on youtube. Thank you for joining. I hope you've hit the thumbs up.
Hopefully, you're subscribed the channel i'm going to be having a little bit of a issue on this computer. Why is that looks pretty good shouldn't? Be that hmm? Well, maybe maybe chris we'll see all right apply and okay so uh there we go, but then yeah still still being funny i'll, probably have to um play around with this computer a little bit later, something's something's, not quite right with it. That happens sometimes got ta switch, my video so just kind of getting this broadcast up and running here. Let me see if you can switch back nice job yesterday.
Very well done that's exciting. Some of you guys did very well on car, which is always nice to see. I did not trade it, but the problem for me was golly. Those spreads were pretty intense, just too nervous to pull the trigger and usually, if i'm too nervous, to pull the trigger.
It's for a good reason: well, sorry, uh folks, i'm gon na have to fix this camera situation later. Um, really, not sure why it's being so finicky sitting right there. It has power, but that's okay. So it's 8 38 and we've got a little less than an hour to the bell.
Olb was the one. Yesterday we had news that popped up uh that gave us a really nice opportunity. It went from five up to eight pull back and then all the way up to 13 well done for those who traded it. This was the one that i did the best on yesterday, so i'm looking for something similar today ocgn. So this one uh, you know you've got a float. That's almost 200 million shares, so it typically wouldn't be one that i would have very high expectations of unless it's a meme stock, and this one does have a bit of that welcome brett. Thank you. We do have some meme stock activity this morning.
Thing is what we typically find on. These types of stocks is that they are uh choppy it's uh going to have more algos on it, more high frequency trading algorithms, it's going to be volatile. It's going to pop! It's going to drop it's going to have big range, and that gives opportunity, but you have to be careful. Excuse me um.
What happened yesterday with carr is quite different from gme. It's a it's a squeeze, no doubt about it. It's a bit of a short squeeze. I mean this was impressive.
Absolutely it was very cool to see the price being as high as it was, and the spreads being as big as they were have kept me on the sidelines and then by the time it was really going. I was like i can't. I just can't get in up here on this candle. It dropped uh.
You know 85 a share 80 a share in like 20 seconds and then bounced back up. So you know that that's the type that could be uh pretty wild, so anyways. You know i left money on the table on it, but um gamestop was different. Gamestop had uh much better liquidity, better spreads and was a multi-day move which is uh better because it attracts more tension.
My relative volume stays high so different. This is like an intraday one, one day kind of move, and i even though it drifted a bit higher um. Now it's back here around the 200 moving average. I don't think this is going to be the one um that i'm gon na be trading today.
There'll be range on it, but you know you could just look at it right now. You've got a four point: spread 16 uh 33 points 16 by 19., so you've got a huge spread and it could drop five points down to you, know 311 or pop up to 325 330 so quickly it would be so hard to match risk on it. So that's fine um, that's that was the one of the trades yesterday that some some people were focusing on and that presented some opportunities. If you were willing to take the risk - and i wish i had - but you know i didn't - and that's okay all right so well - it's about quarter of uh quarter of nine and 9 a.m could be when we start to look for breaking news.
Uh yesterday we had breaking news on ob olb or whatever it was um. So stock starts hitting the scanner my routine, if all of a sudden ocg hits the scanner i'm gon na type it in i'm gon na look at the chart. I'm gon na pull up. My level two and i'm gon na start doing my due diligence, i'm gon na look at the the float, the price the daily chart and i'm gon na. Ask myself: is it blue sky? Is there news on it? What's the news, if it's popping up quickly i'll be asking people hey, what's the what's the headline someone see headline and i'll be trying to get dialed in on whether or not i want to take a trade, some of them pop up and i don't touch them. Others pop up and i'm jumping on really quickly so um. You know it sort of depends all right. Of course, bbby is the leading gapper but bed bath and beyond come on.
I'm i'm not gon na trade that that's ridiculous. Gfai traded on friday really didn't find it to be easy to trade, so probably not going to go back for that one. Hmm. This is sort of just sitting tight waiting for something to look good alna, 76 million share float, receives fast track designation, but it's too cheap for me at this point, so buzz saw says: hey ross is day trading risky.
Do most traders lose money? That's a great question: the answer is, yes, are my results typical? No they're, not there. You go cgn yeah, so i mean it's. You know nice move from 16 to 1850 or so 18, just under 19, but has pulled back quite a bit. Oh am who it's expensive: uh 60 million share float hmm slow day so far, yep no trades.
Yet you can see my positions window top left corner yeah. That's right! It's waiting for wait for that sign of strength, somewhere, hey but seriously. Um in case you guys didn't know, trading is risky, most beginner traders lose money. My results are not typical.
I encourage you guys to trade in a simulator before you put real money on the line and don't trade with money you can't afford to lose. Take it slow now we do have our pre-trading checklist, which is important uh. You know each day when you sit down. If you come in heated, if you come in, you know something happened, look you know.
Let's say i don't know your morning. Routine is like you drive your kids to school in the morning. So, let's, let's just say, you drive your kids to school in the morning and on the way back you get a flat tire or the way back you get a speeding ticket or something something stupid on the way back, you get a little road rage. Well now, you're coming in sitting down, you know at the desk to start trading and you're emotionally fueled, you're frustrated and that can roll over into trading so quickly.
Next thing, you know: you're slamming 10, 000, 15, 000 share orders and you're getting way too aggressive. So it is important as part of a pre-trading checklist to kind of step back and say all right, you know, did i eat well, did i sleep well? Are there some stocks out there that i like this morning, if i do what's the condition of the overall market, and then you know, just kind of have that moment to check in, is today a good day to be aggressive, and i would say for me today: Today's a fine day for me to be aggressive, i had a great day yesterday. Uh was up. Eighty thousand 000. didn't trade monday, no trades monday, because i didn't see anything i liked, but then came back. You know yesterday had a great day today. If we see something that looks good, no reason that i don't think i uh no reason to not be aggressive. We see something that looks good.
We had some great momentum yesterday so uh. My approach right now is kind of to um sit on the sidelines and wait for something that looks good and to try not to get kind of lured into a bull trap. Something that's you know like this on ocga, it starts to break out and then goes all the way back to the low. That's what i'm wanting to avoid, and that doesn't surprise me at all.
This is a stock. We know high frequency trading algorithms. When we've, you know, we've talked about we've heard a lot of people talk about the big algos uh, the market makers and this, and that you know the the way they're able to make stocks much more difficult for retail traders. So some of these, like oct, are going to be ones, i'm probably going to leave alone.
Thanks rich appreciate that uh, those on youtube who do hit the thumbs up yesterday, i posted um an announcement on youtube. Well, i did, i taught a class on youtube yesterday. So um, some of you guys have already seen my my dip trade class. So as it turns out, this class has been quite popular, so i wanted to share that with you guys, let's see, oh, why is it doing this funny thing um hold on hold on, you know, sometimes youtube it you'd think it'd be a little more a little Bit more intuitive uh and by the way, while i'm you know, while i'm chatting it's about 90 seconds to 9am, we may have news at 9 00 a.m, so we'll be watching the high day, momo scanner, which one was i gon na uh, oh yeah, that's right! So so two things so one uh.
I did a video yesterday on uh trading short squeezes. So if you guys haven't checked that out, i'm gon na give you the link to check it out. It's um for it's mostly uh, a video for those on youtube. It is goes into less depth than the similar video in the warrior pro classes, but olb so um yeah.
So, that's you, don't love seeing that, let's see so there's a link on how to trade short squeezes from yesterday and um. One of the videos i had recently done on how to buy the dip has been really popular and so over the last um. Oh, i don't know over the last couple of um last couple weeks, we've been doing some surveys trying to get some feedback from those you guys on youtube. What kind of videos you like? But this is the type of curve that you like to see on on a video, so it's been out for 35 days.
It's got 200 000 views, so just nice steady, incline, increasing uh pretty much every day. What happens with a lot of videos, you put it out, you get views the first couple days and then it just fades and then flatlines and then basically goes to just one or two views a day: you're not getting any views at all, and you know videos Like that uh, you know it's it's kind of it's a little disappointing because you put out something you hope people like it and then they don't. So you guys have been able to give me feedback book just by what you watch and what you hit the thumbs up on, but also through the surveys of the type of videos, the type of content that you want, and it's changed a lot in the last Couple years so we're revamping uh the youtube channel which we're excited about and you can see uh we've got our new uh. Let's see the new, the new header right here. This new um banner, which is cool we've got highlighting some of our most popular videos. So there's the dip trade, video, here's the how to trade, a short squeeze day trading, um gap and go so i hope you guys enjoy it. I hope you check them out and um. This has been.
This is a good one, uh biggest comeback right there. So there's a ton of really awesome videos in here and some of the older videos where i was using different tools and different platforms and where the market was different, are no longer relevant. So i've archived some of them and put them on the shelf for warrior. Pro students who have interest in them - you know it's it's fine, but for the youtube community, especially beginner traders.
Some of those older videos that aren't really relevant anymore is um, probably not going to be super helpful, anyways. So trying to keep things focused on the latest and the greatest and the content you guys are really enjoying. Let's see why yep it's a nice gap, 56 percent, but i think this is uh worth noting right now. Our biggest gap is only 56 percent.
It's uh relative to what we've had in the last couple weeks. This is not huge. 70 million share flow ndm, there's some news on it, but it doesn't seem like it's really doing much so seeing that on the newswire, it's 256 million share, float anyways, yeah hard to say daily, charts, okay room to 10, but no volume car most likely. Today.
It trades on lighter volume than yesterday, which means the spreads that are bad yesterday were bad. Yesterday, will be worse today. Well, actually, right now, at the moment the spreads are pretty tight, 1.50, but still big thanks, michael, oh, not not too many thoughts on facebook, really not that interested yeah pulling away from the v-wap a bit. We need to break over 28.
That's the pivot, but, as i said, i don't have a lot of interest in that one rada. I feel like i've traded this one before it's been around for a while. It's made a nice nice move up in the last couple years, but yeah. So the one of the problems that i have with swing trading is that when i sit down and i'm already carrying positions from the previous day that throws off my game for today, because i'm either, if i'm down big, then i try to overcompensate for it with Day trades, if i'm up big, then you know i'm already coming in feeling like i'm doing really well, even though the day for trade day trading hasn't even started, i it really is interesting. How much it throws uh throws me off, of course, for like a 401k, i don't log into it each morning to see how much like you know, i'd, be up or down or whatever, on a retirement account, but for swing trades you you're watching them closely. So it's hard to um, break sort of separate them and it's not like you want to not watch them at all and just focus on day trading. I mean, i suppose you could, with some brokers, but then you're going to be using stops. Livestock orders probably - and so i tried doing that with td ameritrade, but then i got really just like abused on these.
Stop orders where the stock would drop down, stop me out and then go right back up and especially on options, so that did not work well. At all, rlf um was it or rfl, not sure. I do think it's worth being mindful about um spax, because those have been still pretty hot yeah ocgn i mean, but that's that typical stuff it it pops up. It does a bull trap.
It drops down, stops people out, then it comes back up. People get back in and then sure enough, it'll drop back down, stop people out again. You just start getting really really frustrated. So when you see a stock doing that it starts to become very hard to trust it.
I don't know on um rivn um, i'm not even sure when it's when the ipo is, i haven't, i haven't looked. Does anyone have the ipo date next monday, so yeah? I might watch it for day trading. Sometimes i can do okay on ipos, i i rarely crush it like destroyed on ipo, but you know i can. I can have some decent days so well, we'll take a look.
Yeah well. Higher float, uh, more liquidity. It's going to make more sense for algos to be on those types of stocks: jfin not doing too much right now, p-h-u-n, i'm not sure you know he had that move with dwac but um. Well, i don't know so.
We've got 20 minutes to the bell. No trades yet bkkt. Let's take a look, see it's tricky because that topping tail that red topping tail: hey jason uh! Well, i listen on headphones, but it's kind of i've been listening less here. We purchase yeah, that's good, but i'm sure the floats higher on that.
If it's a 300 million share, we purchase or 300 million dollar repurchase good morning, enrique yeah. I agree larissa, i'm thinking the same thing i heard about it. Manny you read about it, but i didn't see it other than that ifbd not familiar with that. One.
Look at the chart somewhat recent ipo, no news that i see lyft yeah, so this one uh is gon na, be a much more thickly traded stock it'll have volatility, but it's a tricky one yeah, i agree. Free market seems very slow car. I do think that this one is probably just gon na be too risky uh, even though it might make a nice move. It's just like i don't know it, you get it going the wrong way and it's going to hurt and so expensive. I think most most traders are just not going to be able to afford to trade it so volume's, probably going to be lighter on that one um b t t x this one strong sell-off from that move. So all the way up to 30 now back down at 11., so yesterday was kind of a sell-off day, but low is 11 36. pre-market. High is 12 24 and yesterday's high was 1440., so yeah that one that one could be one to watch for a bounce.
Uh 1136 would be the level you'd want to see it at least hold uh jason that might have been an adfn order, um, so yeah, those ha those go through um, that's most likely what that was. So a high large amount of volume uh. Let's see that would be my guess yeah, so you can see right here, um, so that 469 000 share order was adfn. So these are the things that you got to learn: 158 million dollars.
It's a big order. Hmm 14 minutes to the bell interesting, andre, hmm, yeah i'll, give you um i'll, give you the link on that for our students on edfn. I think ocgn is just taking attention away from what could be better setups. Your high back here was 1877.
How much you want to bet that's right where it stopped this morning right at that level, um yeah, there's some news there on that, but um not sure about it. Yet it's a cheaper one. You know cheaper ones like this are a little hard, the all-time high back there. Let's see ptpi, not even sure what the float is on it.
9 million shares it's not too bad, but it seems like a pop and a drop. Usually it's a little on the cheap side, so um through exclusive market agreement with hims and hers generates 460 year-over-year growth of um stendra tablet. Sales seems like a good headline, but market's not really responding to it. Uh it was posted at 9 17..
It responded initially with this sort of algo spike from 185 to 235, but that that was it yeah. I think we looked at this one. A little bit ago, 19 million share float on rfl had a gap down, so it's got a big gap from nine dollars and ndm moving up a bit, but nothing too exciting yet floats pretty high about eight minutes to the bell. Rfl is easy.
To borrow. Ptpi is not you see, ocg on up to 18 back to 1750. yeah. I agree.
John ptp, i already's got 20 000 share seller right there at 212. atpi another seller there so pre-market high was 35. Its daily level is quite a bit higher see how a seller flashes down there at 15.. So now, you've got a hidden order.
Selling at 15., so someone's already either shorting or selling, but pre-market high can keep an eye on rfl moving a little higher yeah ocgn. It's going to be choppy, i think all right. So four minutes to the bell. Five minutes to the bell: we don't have any good gappers today is that restriction to cash only and no margin, rt py yeah.
What's the float on it, 129 million shares jeremy, hudi son of a gun, you're right. Look at that unbelievable hi from a couple days ago was 28.50 sold off hard. Remember had this really hard drop so totally sold off. It was like 10 points right there. Look at that very light volume. Big spreads it's hard to fill, got 2 000 share. Partial fill on it. 4 000 shares now, let's see if it breaks over uh 31.30 for an ad high was 28.50.
So it's going to be a blue sky setup with a minute to the bell watching for an ad on hudi over 30., so added right there. Now, i'm able to scale up a little bit more. This is one where over 32 i'll look for another trade, so watching 32 dollars for the next ad added at 31, holding 11 000 shares taking some profit off the table. Unfortunately, it's not one that i was able to size up big on because i was getting partial fills.
We've got 30 seconds to the bell, so thanks for calling it to my attention, but it is a tricky one, because the spreads are a little bigger. The volume is a bit light, but it's a blue sky over 2850, so the high is 32.70 i'm gon na watch 32 see if i can get a trade at the open, we could get a halt up on it because it's back to blue sky. So if there's anyone that was swing trading at short, they're going to be possibly panic covering at the open. So let's watch the opening bell here, if i start seeing buying, if i start seeing green on the tape.
Looking for the green on the tape over 31 added right down there, so this is going to be a red to green for the break over 31 dollars added 3050 right there now holding into the halt, halt up 33. 33.93. So i took some profit off the table. Halt level moved up new orders at 34., that was a dip and rip the dip and rip was the best trade, so our high that candle was 33.93 added right there, dip trade now looking for the break over 33.50.
There's 30. 33.50. That's what i wanted! That was my first target 33.75. I would add, for the break over 34 halt levels 35., watching for my ad over 33.50 added there, there's 34 taking some profit off the table.
Holding 5000 shares. Let's see if we go up through thirty four, fifty thirty four, fifty next ad for thirty five halt level: thirty, five: seventy so watch thirty, four, fifty added right there, thirty four thirty: three! Looking for the breakthrough! Fifty there's 35.50 halt levels. 3570. Let's see if it goes into a halt added there 3540 for the squeeze up to the halt level now, holding 6000 shares one million shares of volume, thirty five: seventy is the halt level watching for a dip added at thirty three thirty thirty, four thirty three for A dip pop back up to 35.
now, looking for 35.50 holding 3000 shares scaling down a little bit watching back over 35 35 50. holding 1200 shares up 35. So this is nice on the daily, because it's the pullback and then that squeeze higher up to 35.70. Now so watching for a dip entry that pullback there was 32.22 there's 3440. new orders at 35 watching for dips ptpi hitting the scan, but i'm not gon na not focus on that one right. Now, it's a little too cheap. I don't really trust it still waiting for the first one minute candle to make a new high for a dip entry pull back and then a break over v. Wap is 3264.
watching down here for an ad there's a bid at 33 added at 33 right there. Diptrade double bottom now, looking for an ad over 34 35 first one minute candle to make a new high added 34.50. Now looking for the breakthrough 35 dollars high, that candle is 3464., so next adds 3464. added 3460 right there for the breakthrough.
35.. Now 35.50 watch for the squeeze up to 36., see as it starts to open up here: 35 25, there's 35 25 watching for an ad 35 25. Then 35.50 for 36.. Look for the breakthrough! 25 holding 5000 shares.
It's dipping down a little bit spreads a little bigger at the moment unwinding some of the positionism in sort of a risky, false breakout area, and then i'm going to add back on a dip watching a dip added at 33, but only partial fill so 32.99 was My ad still holding at 32.99 watching for another ad down here, bought the dip there 31.95 average cost looking for the break back over 32.50, there's 33. nice so see how it pops back up. So if it breaks back over 33, that would be very bullish going to watch for an ad over 33. added right there 3258 to anticipate the break through 33..
Looking for that curling through 33 yeah ocgn, not focusing on that one. So after a few red candles i like to buy on these pull backs for the curl back up watch over 33 for the first candle to go green, my average is 32.35 there's 33 on the ask. There's that curling pattern, that's what we want to see. That's a good spot to take some profit off the table, hold small size to see how well it holds this area watching for another dip entry orders at 30 57, but i don't think i'm gon na get filled no no fill on that dip.
So this had a nice recovery yesterday so far the volume is a little light, but better uh here already today than it was yesterday. So today will be so volume right now is higher than it was all day yesterday, which is good watching for an ad added. At 86, false halt so buying the dip there for the pop back up to 31. Next ad is 30.75, so i try to buy there.
We go so now. You've got 31 on the ask 3109 catching those pops off the low can be pretty nice, so got some profit on that watching it for another dip. Add it again, 86 for another pop back up. Looking for the pop back up over 30., false halt added there 56.
So when we get those false halts, i like to add into them for the move back up to 30, because when they bounce they can spring really nicely so watch over 75 and 85 holding right now, 2 500 shares watching for false halt. It's looking a little more stacked if it thins back out added right. There 26, it thinned back out so see how it thins out there. Now you get that springboard so watch over 75, 29.75 and 29.80 for the pop back up over 30.. There you go see, it starts to pull away. Now, i'm actually a little surprised that it's continuing, i thought it would have bounced there. Let's give it a second and see if it curls off this candle you've got three red candles in a row. We should get a curl in here watching i'll watch on resumption kind of limped into the halt, a little bit halted 28.71.
So we'll watch on resumption see if i can get a dip off the low the open was 27.89, so we put an order at 28 to add and then for a bounce back up to v 32 ptpi pulling away a little bit i'll. Keep this one on! Watch ocgn selling off pretty hard - that's probably not helping my hudi trade, that's pretty nasty. Btpi. 50 000 share buyer there.
So i'll take a starter on ptpi at 53.. Add it on ptpi 64.. Next ad will be 74 halt levels. 83.
There's a there was a 50 000 share buyer. So as soon as i saw that i started scaling in watching for the ad over 69 added there at 69, taking the profit off the table, it's 70. new order, there's, because now sellers are stacking up on it. As well, uh 2500 winner, nothing huge but green.
The high was uh 75. I'm gon na put my new order at 75 to add back, bought the dip at 63 as a starter, and then 75 will be the ad spot watching for 75 on ptpi up 52 percent added there 73 next ad will be 75 as it starts to open Up this one is at least a nice price range. Holding 8 000 shares right now, looking for the break over 75 added, there 75 now looking for a squeeze up to 85 and 95 as it moves higher. This is a one minute micro pullback on ptpi.
So, look for the breakthrough: 75. 76. There's 72. There's 73.
There's 75! Looking for 76, no, so chopping out a little bit unwinding the position for a small loss, let it pull back hudi showing a 2850 resumption. My order is at uh 28 i'll move it up to 29.. Resumption is going to be in about uh just a couple minutes: ptpi still watches 75. added back at 75, there's 85 good took some profit in the 80s.
New order goes at 90.. We're right at the 200 moving average. Can it break this level, maybe halt levels 305 added back there at 90., now looking for the squeeze through 95 96 and up to 312., so we've got 86. Looking for 88 88 there's 90 95 is my next ad spot for the break over three dollars.
This is moving on some nice volume here. This is good to see adding at 93 adding at 94.. Now, looking for 97., let's see if we break through three there's three on the ask added right there. At 3., now looking for three ten three eighteen watch, the squeeze through three dollars there you go nice holding 3500 shares.
I have to watch uh resumption on hudi. Stop breakeven the rest of the other one hudi watching resumption ptpi, we'll keep it on watch still holding so resumption on hudi should be coming up in just a moment, we're showing a 2850 resumption. I'm going to move. My order to 29. looks like i got stopped on the rest of ptpi, so added there 2865 on hudi for the break over 29. there's 28.70. I want to see 28.75 break. No so so gave back some profit on that once i had to stop out as it broke through at 28.
Unfortunately, switching gears back to focus on ptpi high on ptpi is 310 watching pullbacks uone. Also on the scans reminder. As always, trading is risky, as you can see easy come easy. Go you got to make sure you take the profit when you have it add it to 87 on ptpi.
Next ad will be 97 added right. There, 99 now look for the breakthrough 310. So this is going to be over 310, a bear trap so 305 and then 310 are the ad spots watch 305, adding right there. 305 there's 310.
Now, looking for 325 watch as it squeezes through 315. 315 is the next spot to watch on ptpi, adding right there 310 for the squeeze through 315.. Now looking for 325. nice, this is really nice to see watch as it opens up through 14 there's 14.
There's 16. there's 18 unwinding. Some of the position back down to small size. High is 20.
New order goes at 320.. We didn't get 325. hudi. I have on my other chart over here.
This is sort of similar to what it did the other day where you had that really big move and then that big reversal, you have to be careful on that, one for sure high is 320 on ptpi uone. Also on the scans. I haven't traded that one. Yet i'm going to let that one sit, because it's a gap down reversal.
Diptrade 88 on ptpi 12 000 shares so buying the dip on that red candle 88. 91. Then the ad would be over 305.. Whenever i see a red candle like that, i try to buy the dip there's 302 taking some of the position off the table for now i'll come back to it new order at 3 10.
watching added back at three there's 312. dips getting bought up really well On this one added 309 now looking for the squeeze through 315 and 320. 320 is where short sellers are going to stop out most likely so watch for an ad over 320.. Add it at 19 to anticipate the breakthrough.
20.. Now look for 25 there's 25. Taking some off the table scaling down a little bit through that break a couple thousand dollars holding at 311 right now, the height of this candle is 324. New order goes to 324..
Put the order at the high watching for dips added 306 a 310 fill taking it out at 312. For now, high is 324. 325. Is that critical level i'm disappointed on hudi, but i'm going to watch a dip.
Let's see resumption will be 51.. 26.. It's a it's a 10-point sell-off, so i'm definitely gon na be looking for a bounce on it off of 24, which is the 200 moving average bgfv not super familiar with this one. It's clearly moving uh quickly might be they'll.
Look at that. So there's 73. 31. 36 is the halt level etpi watching bg fv, the high was 73 irtc. 118 23 million share float wow, look at that move so that kind of price range reminds you a little bit of um car from yesterday, but wow that's awesome to see. But you know how many of these will hold up and how many of them are going to roll over hudi rolled over pretty hard. Even bgfv has pulled back quite a bit back to 29 30.. Resumption is in about 20 seconds on hudi, showing 24 resumption.
So 2420 is the uh 200 moving average watching for a dip on hudi off the 200 added right there, 24 there's 25.50. So when you get an irrational sell-off like that, my mentality is by the dip. I'm in at 19., 26 is coming up. There's 25.86 that'll be almost a two-point bounce if it breaks through 26., stop break even on the rest, so leaving stop it break even irtc.
119 120. The high was 121.88, so the thing on hudi is that it wouldn't have made sense for me to hold the whole thing and just keep averaging down, because if i had done that, then what ends up happening is my cost basis. While so, let's say where did i stop out? Hudi irtc yeah irtc high is 24, but you've got a bigger spread. My stop triggered on the rest of hud.
I got a little slippage on it too. That's all right, so hudi uh. So i, where was the dip um, so i stopped at 20 like when it broke 28 here so i bought it was halted down. I added on this dip here for that curl back up, we got a a little bit of a curl back up for a second to 28.71 didn't hold that level drop down.
I stopped out so if i was holding still 5000 shares at 28, i added 5 000 down here at 24, 20 or whatever. That was so then all of a sudden, i'm in with 10 000 shares, but of course my average from 2428 would be 26.. So i might have been able to almost get out flat on 10 000 shares, but only almost because it didn't pop up enough. So what made more sense? There was to cut the loss for a couple thousand dollars lost like two grand and then to get back in with the 5000 down at the bottom, and then that just ends up being a winner.
So it makes back what i lost, but then also add some profit note on bgfv, so we note that hudi is failing. We note that bgfv is also rolling over and we cannote that ocgn was really ugly at the open. This is very important to be mindful that this is the condition of the market. Today, we're not seeing things holding up ptpi right, so this one is holding up better than some of the others um.
But you know not the best i've ever seen so 20 was the high that's the spot. That needs to break the five minutes extended and it's had some sellers stacked up. But if it breaks through 20 and 25, we should, i would think, get a move to 30. 35, maybe a little more.
So i can watch on dips the nine moving averages in this area. I would like to be in closer to three dollars. Three dollars would be psychological support, not getting a chance there, so adding at 15 for the break of 20 and then the next ad watching 20, so added there at 20. Now, looking for the squeeze through 25 yeah cut the loss, so i lost 5 000 on that trade that when, when it does a false breakout like that, when it even starts to reverse the right thing to do in my experience in that case is to cut The loss because it could flush down and then all of a sudden turn into a halt down and you're stuck so gave back a little on that trade. 5 000. irtc back down 10 points off the high. This is an expensive stock got ta. Have that discipline? Now hudi was pretty uh tricky as well, but this one had a really nice daily chart here, we'll see what it how it ends up by the end of the day.
Hopefully it curls back up kpti curling on the daily back to 914, 71 million share, float good idea, larissa game. Stop so that that's good to see um it's starting to get into this gap here, sort of this window. If it can get over 41, then you start to have room up towards 88 and then you've got a bit more room up to there and there there there and there ptpi. Maybe i should have expected that false breakout - i don't know it - was extended on the five-minute chart, so it's about 10 a.m.
I'm gon na end the morning show for those on youtube. Thank you for tuning in finish up here today. Uh keep trading for those in the chat room, we'll keep hanging out, see if we see some more opportunities reminders, always that trading is risky. My results are not typical.
You shouldn't try to blindly follow me or anyone else. Most beginner traders lose money. So yours, off a favor and trading a simulator before you put real money on the line, slow and steady wins the race. My focus right now is waiting for really good quality, setups and trading less, but trading with bigger size.
When i see something that looks good and that has been paying we'll keep pti on watch.
Be very careful in following Ross momentum strategy. It is almost impossible to enter and exit as he does with common trading platforms as TD or Webull. You won't make! So save yourself frustration and unwanted losses. I have personally tested and the winners are almost insignificant compare to losses. Watch the today video HUDI, he was able to profit on a falling stock buying into 1 min candles pullbacks which is something impossible to achieve on webull or TOS at his speed. Be very careful and may look in slower moves and few hours swings if you plan to day trade. Sorry Ross I don't want to discredit your channel but since it is public people should hear also the down side and other people experiences.
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