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Warrior Trading // Ross Cameron // Day Trade Warrior
Want to Learn More โโ Get info on My Strategy and Courses here: https://www.warriortrading.com/strategy/ ๐
Before we continue...๐
๐ฐRemember, day trading is risky and most traders lose money. You should never trade with money you canโt afford to lose. Prove profitability in a simulator before trading with real money.
โโMy 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.
โDo not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
๐ 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.
โ๏ธIf you donโt agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now letโs dig into some helpful information โฆ
Whatโs my story? โ๏ธ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here ๐ https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info ๐ 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 ๐ป Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? ๐ Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
All right. Well, we've got about 40 minutes to the opening bell and as I sit here this morning I am thinking um I want to try to have a little bit of a better day than I had yesterday and now yesterday. I did end up finishing nicely at just under 5 000. uh well, five thousand and uh, in gross profit but 40 whatever it was anyways.
uh, my commissions were like 830 so 511 gross profit yesterday. um or gross and then 4200 net. But I started the day by going red and then I spent the whole morning recovering and you guys got to see the Epic recovery play out in real time. I Can't imagine watching anything more exciting than that.
It must be like watching a a football game and there's almost no hope. and then all of a sudden your team rallies from you know, down 5 000 points to to up 5 000 points. It's uh, never heard of such a recovery anyways. Uh, so that was yesterday today I'm trying to get things started a little bit more carefully.
Uh, and so I've already broken the ice with a couple of Trades and I'm sitting at 1600 in profit which is good. this is my calendar right now. you know for what it's worth. Um I went red on Friday well I went green, then went red and I tried hard to recover and I couldn't right? Um I went right on Monday I tried to recover and I was able to.
that was Monday um when was that? I think right here was where I was read. um Anyways, so and then same thing yesterday Tuesday So just today playing it a little bit safer waiting for uh, the next good quality setup. you know. Interestingly, we have a wild card stock on the scans today.
AMV Holy smokes, it's a Electric Vehicle Company ipo'd Yesterday at I think they sold shares of 27 a share. It's got a pretty low float and it uh squeezed up to fifty dollars going into the close multiple halts. very light volume. After hours it kept going up to 105 dollars went up to 160 up to 200..
it's crazy. uh then here pre-market high of 279.99 so the spreads are I have I'm not even looking at the level two on it but I'm sure the spreads are crazy. Uh, you know we've seen this uh, sort of trend which many of you guys are familiar with with some of these epic um IPOs Look, let's see. So let me show you this.
Um, so this is an article on Bloomberg here Wall: Street's mysterious 2 200 IPOs come from a tiny New Jersey broker Network One's microcap listings stand out for outsized moves. Um I guess that's their office and their IPOs have been averaging 2 200 percent gain. They ipo'd Um, what was it ADT was it? Uh, what was the ticker Atxg foreign goes up to 600 dollars HKD This one goes up to, you know what was that? Two thousand, Five hundred dollars? So you know they're supposed to. They're supposed to be an IPO on Lre, but it's been delayed and that's they're also the underwriter on that.
So these are you know this, these small Chinese companies. So what's interesting is they say um, this is Bloomberg The trend is familiar to Market participants in Hong Kong which was a hotbed for mysterious moves and Tiny stocks before regulatory Crackdown brought new regulations or new offerings to virtually to a halt, and we've seen this China stock momentum for a long time in the U.S market. So as small Chinese companies that might otherwise have listed in Hong Kong turn to the Us as an alternative, this underwriter has emerged as an active player. Um, so anyways, I You know, we've for a long time seen these China stock moves for years. Years and years and years. This is nothing really new, but it's uh, the proportion of these moves has been pretty insane. So when I first saw AMV I was like oh, is this a China stock but it's not. It's a electric vehicle stock.
so I don't know, it's just it. It has the similar look, but uh, but in fact it's It's a different uh underwriter. It's a different type of Industry So perhaps this just speaks to the um General kind of consensus right now that people have around small cap IPOs being hot and market makers being afraid to make the market for it. Because remember when you think about a market maker, they have to be on the ask and on the bid at the same time.
That means they're selling shares. They take risks to do that. These stocks are very risky. You know, a big Market maker could get really correct on a stock that goes up to twenty five hundred dollars a share and they sold it short and became imbalanced on their position.
So anyways, um yeah, no I know I know they're not. Um Chinese I I I Recognize that uh AMV is not China stock, but it just could be that uh, market makers are hesitating to really provide good liquidity for these. um, small cap IPOs Because of the risk and therefore you're getting bigger spreads, you're getting really exaggerated moves and so there may be opportunity in these, but just something to be uh, cautious of. So anyways, um, so that's AMV I Don't know if that's gonna provide any trades realistically today? I Sort of doubt it, but you never know I just want to cover it because it is interesting.
So and if we do get other IPOs from that same uh Network one underwriter, it's It's obviously worth watching, but a lot of them do drop down. uh, pretty substantially. Uh Ron those live trading archives are part of uh Warrior Pro membership. Um, we can send you some info on that.
Um, uh, we I can have someone email you. Okay, so we've got about two minutes, three minutes till the top of the hour. Nine A.m reminder for those tuning in on: YouTube Uh, the Youtube broadcast is slightly delayed behind the ultra low latency broadcast that is going out to. Um Warrior Pro Students and members over at Daytrade Dash So um I want you to just keep that in mind.
Trade cautiously and manageresque Okay So uh, small gain on Abos which is the second leading Gap or behind? Uh, AMV gave a little squeeze there up to 9.93 is pulled back down to V-wap It's a little more thickly traded, floats a little higher. not really super into it right now. Biaf I had taken some trades on this. it is forming. um, we would call this a pretty classic ABCD pattern. It's on a pullback right now, tops hitting scans right now as we speak. Uh, watching this one. so um, looks like getting a little action there.
it's up 39. Uh, it's It's a tricky one because it's You know, it's had this reverse split, but it's um, historically been quite choppy. 112 increase in income I Bought a starter at 27. uh, that's a good headline that they've got there.
So now I'm watching over 350 to add to the position for a move up added at 350, there's some profit now watching for 355. only 400 small gains. But you know again, this is just part of base hit trading. So that right there was a micro pullback and then that gave a trade up to 60.
now 60 right now is a micro pullback. New Order Watching this area high is 60 so watching down here added at 40 to buy the dip. Now looking for the Breakthrough 60. all right So New Order watching 60.
average is 37. this is a one minute micro pullback forming right now so you know I wouldn't have seen this stock if it weren't for my scanners. These are the scanners that members over at Daytrade Dash of course have access to those who are quick. Uh, jump on these sometimes faster than me and you can do quite well on it if you got in around three.
I chased it a little bit but I waited for that first little pullback because what sometimes happens on these is they just reject so flat on the rest of the position. 688 dollars, you know? Uh I Saw a student earlier. um he said he was up 130 on B Iaf buy a thousand shares in it 303 and out at you know, 315 or something like that 316. 130 bucks and I said that's great.
That's exactly what you want to do. 10 cents, 13 cents a share, a thousand shares I took the same trade I took with 5 000 shares. so for me it was a 600 winner. You know for him it was 130 but that's the whole point.
Focus on getting your 10 cents a day out of the market, start doing it as consistently as you can, and then as you start to build confidence, you're going to start to naturally want to increase your share size. So tops. Um, you know it's a good headline. It's a nice pop.
Is it gonna give us a reversal off the bottom? It's a recent reverse split. It's got a low float, it has the potential, but it's also a stock that has been heavily shorted over the years. It keeps going lower and they keep doing reverse splits to kind of get it back up. So um, you know, something to be cautious of here.
But but you never know. Sometimes these ones that are heavily shorted can end up finally squeezing. So we got the first Spike there which was pretty good. This candle has the potential to be a false breakout.
It just made a new high up to 53. can it break through 60 dip for me at 33? So trying to buy the dip here? Uh, 1500 share position and then looking for an ad over 350.? So I see green on the tape at 42? I'm going to add right there at 43. Now I'm looking for a 45 and 47 48. Good That's a little bit of profit. I Would have loved to have seen this get right over the half dollar holding. 363 shares that candle. Not a false breakout, but a spinning top. Uh Doji candle of indecision.
So we're in a little bit of an indecisive pattern here holding 368 shares just as a result of a partial fill. Uh, we'll let it pull back for a minute, see if it can base out. Biaf is on a side chart, so interesting patterns on this one because it goes below V web, then back above, then back below. Hey good morning, All right.
So just trying to hit a couple base hits here added back at 34 on tops. Seems like a little bit of a flat bottom there 30. So we'll see if this can get back over 45. So average right now is 33.
added at 40 right there. Now looking for the Breakthrough 45. we've got about a minute left on this five minute candle, so we're watching the break back through 340. flat at 33 for now.
higher volume red candle forming. I Still like the idea of doing a sort of deeper dip trades for the curl back up, but when a high red volume candle forms, you know that's not my favorite low. back here on this is 96. Biaf.
So first five minute candle to make a new high would be over 305 but looks like it's pulling back a bit. 12 000 shares. seller on the ask so a little pop there on Biaf. Nice starter there for me at 317.
looking for ad at 22. So the idea on this is when you get that kind of strength, we look for a squeeze through the high adding at 22. Now let's look for 27 and 28. This is an ABCD pattern.
so I'm going to look to add at 327 and 328 adding right there at 24 to anticipate the break through 27.. a little bit of profit as it comes up to 29. Now watching the ad back over 30. adding back right there at 30 and there's 33 34 35 Not a phenomenal trade, but you know it was okay.
I guess I should have bought this dip right here at three I Sort of thought maybe it was gonna break down because it was under V web. Okay, so the high this level is 37. I'm going to put a new order at 40. what we have here is high A Day candle added 35.
Next ad is 45 and I'm looking to see if we get a short squeeze through the half dollar adding at 40, adding at 45. Now let's see if this squeezes through 350. have it 46. So scaling up on this for the Breakthrough 47.
Watch for 48, add it at 48, there's 49. very good liquidity on this. A little profit at 48. new order at 51.
watching for a dip. Buying the dip at 44 right there. Now looking for the squeeze through 48, there's 50. 49.
Still struggling a little bit at the half dollar on the one hand. so a little more profit for me up there on the one hand. When We struggle like that. Sometimes we'll break that level and have a nice snap, other times it becomes a false Breakout New orders at 50. added at 48 right there. Nice. Now watch over 60. watching to buy this dip added 46.
We want to see this pop back through 50 and if it can get up to 55.60 flat. Small loss. so sort of what I thought might happen there. It broke the half dollar but was a topping tail.
Rejection came back down. so small loss for me on that trade. Getting in right at the top, but that's the thing. Buy high, sell high cut losses immediately.
Be ruthless. Do not hold them, just get out. Can always get back in very strong volume. Look at the volume bar on this candle.
1.5 million shares of volume on that five minute candle I have a little fomo that I didn't um you know, punch it down here. but I just I just wasn't sure because it was below V Web thanks Jay appreciate it. Okay so now what we want to see is if we get a um a wick reclaim so the top of that 56 level. so I'm going to leave an order.
The low of this pullback right now is 33. 5.5 million shares of volume. Reminder: As always, trading is risky. My results are not typical I'm sitting here up five thousand dollars now pre-market so I've gotten a nice cushion added back at 47 for the Wic reclaim.
Now watch ads over 55 for the squeeze through 60. we've got 50 on the ask adding at 53 we'll add a 55 and looking for that surge through 360. then up to 365. This WIC reclaimed setup is one that I like quite a bit.
Adding their 55, there's 57 now looking for adding at 60 and a squeeze up to 65. added right there. Now looking for the Breakthrough, 60 and 65. So this is the type of setup when we get this strength that I love.
Watch through 365 and let's see if we got to move to 375. there's 360. holding 3 500 shares, it didn't break 360 the way it should have it hit only 361. I wanted to go right to 365 so I could add again.
watching now for a dip added at 51. Bought the dip. consolidation between the half dollar and 60 would be fine with the new order at 65. 10, 000 share buyer at 50.
added at 49. Again, buying the dip looking for 55 and 60. So this is a retest to previous support. The longer it holds up here, the more conviction you have, right? See that? So now watch 65 added there at 62.
next, add a 65 and we're looking for that Ascension up to 75. So it is starting to pull away here, which is good watching to buy dips. So right now we're up 68. This is obviously the one that's in focus.
watching over 61 65. Once we can pull away from this area, that's where I want to see that squeeze up to four dollars buying the dip at 54. now watching for 65 and squeeze through 70. So again looking for that? Wick reclaim right here over 67.
watching 66 and 67 add spot holding 10 000 shares and looking to scale up to 20 000 for the Breakthrough 375. there's 62 green on the tape. I'm looking for 64 and 65. adding another thousand shares at 61. looking for 64. added at 64 right there. Now we're looking for 65. and I'm looking for this to pull away up to 70.
So what I'd like to see is that squeeze through 65. but I'm going flat on it for right now. It should have broken right there and I sized up too heavy to 14 000 shares. Needed it to break right away.
So sitting at fifty seven hundred dollars watching the reposition on a pullback 14 and a half minutes to the open hit my daily goal. We have a new episode to the Podcast that's out today, so I'll put that right there. You guys are welcome to check it out. So A Coping with setbacks? not yet Tony but we are working on it so I Hope you guys enjoy that podcast.
Dip it 49 there on Baif trying to buy. uh see how this is Kind of like that pull back right to the nine moving average now watching over 55 and 60. first one minute candle to make a new high. there's 55.
There's 57. there's 58. It's a little bit of profit as it comes back up. Not a lot, but a little bit.
Holding 1500 shares at 49. watching for another dip off of 48. foreign first candle to make a new High dip off of a half dollar? Yeah. I'm holding 500 shares high.
This candle is 58. new orders at 60. sold the rest sobr coming back up towards two dollars I See it bif. Remember that this one has had it when it pulls back.
it keeps having these pullbacks where it goes below the V web. So it's pullbacks have been kind of big, but then you know, just the moves in total have been big, so just something to be aware of. Click long on sober there. Looking for 205 and then 210.
There's 203. There's 204 watching the Breakthrough 205. it's up 48 percent. Seller came in there see if it can reclaim two dollars.
so kind of a rejection of that two dollar level. Not exactly sure why. we'll see if it kind of curls back up to 95.96 about 10 minutes to the opening bell here. I Was going for a break of the half dollar whole dollar.
Taking the hundred dollar loss on it though, be canned. Yeah, it's you know, another one of these kind of big. IPOs Um, these are worth watching if they start to open up, but we'll see So Biaf. A little bit of a tricky spot here because it's below the um half dollar and it's definitely a little more thickly traded.
So I'm not sure if this one is going to be. uh, easy to buy right here. Maybe we'll see how this candle closes? AMV Yep, looked at it earlier. it's a gapping up 200 percent.
but um, you know, as I said, the spreads are are big, making it untradable at the moment. I Mean you could see there's no volume on it. Really? you've got 235 by 294 spread so it's just like, okay, that's interesting I guess um, maybe if spreads tighten up, but right now there's nothing nice. Manoli Okay, I see that that dip is 340. so 340 off of that support level, there's 50 on the ask. 51 52 Good Very good. I Have this candle back here was 58. I Didn't see 65 print but that's what it says.
Thank you for those who checked out uh, yesterday's episode on becoming a more consistent Trader I Hope today perhaps is day one of you focusing on one trade a day. If you've been able to get your one trade on Biaf and you've captured 10 15 cents, be grateful for that and come back and try to do it again tomorrow. There is no reason to over trade. You have to focus on building a strong Foundation One Trade A Day Get in, Get green, Lock it up.
Do it again tomorrow. All right. So I hope you guys will, um, approach that. Um, you know, hopefully utilize some of those tips for improving your consistency.
Now I'm gonna. you know I'm not trading one trade a day, but my first trade I always try to make it like the one that I'm the most um convinced on because that first trade. if I go red, then I'm red on the day and then if then I'm in. you know, working from being in the red to get out of the hole.
So usually my first trade is the one that I'm the most confident on at that time. So I'll hesitate a little bit before I take my first trade and then finally I'll break the ice. Take the first trade and then if I'm green, that's where I'm like okay now I can start working up towards my daily goal. If I'm red, then you know I'm disappointed and I have to be really careful as I try to get myself back to green so high there is 65 it says on the five minute starter for me there at 57 it looks like we're gonna break through um 65.
So I'm watching for a gap and go trade here. add spot 65 and then 70. let's see if this added right there 65. there.
we go and there's 68. Nice. That's a little bit of profit as it comes up higher. New Order 70.
added 65 right there for the Breakthrough 70. a little churn here right around the highs. About a thousand dollars of profit on that trade holding it 59 cost basis right now. Hi this candle is 72 new order at 72.
So the fact that we're opening this close to the pre-market high is usually bullish for a gap and go watching to buy a dip on this added at 60 right there to buy the dip. Still have an order at 72 as a limit order watching over 70. we've got three and a half minutes to the opening bell watching 67.68 to see if we have Green on the tape. They're 66.
66. added at 65 right there looking for the squeeze through 70. green on the tape at 66 there's 67. they're 68.
added 68 I'm looking for the Breakthrough uh, 375. we've got two about two and a half minutes to the opening bell. so this area here is a one minute micro pullback. so let's see if this pops up to 72.73 We're up 70 right now.
First one minute candle to make a new high is going to be about 67. two minutes to the opening bell 65 on the ask Up 72 percent. Almost 10 million shares of volume 66 Looking for 69 68 69 0 seconds to the opening Bell: very nice. Nice job for those who have gotten some trades on this already watching to add over 68 green on the tape there 65. flat 61 Small loss seller came in New Order on the bid 47 see if I can buy a dip topping tail one minute to the open. Yes, these ones can be a little bit of a fight for pennies while we wait for them to open up. So sitting at six thousand nine hundred ninety bucks with 30 seconds to the open. Thank you folks who have tuned in on YouTube I'll put a link here for you guys to check out my episode on becoming a more consistent Trader I hope you check that out I hope you hit the thumbs up on it and I'll see you back here first thing tomorrow morning.
Thank you
Thanks for your time!
Thank you, very precious.. would be nice to see level 2 while you are commenting. Great work.
hai hai tahnks for free content, may i aske if what time pre market are mostly good to trade,, 1 houre before opnenng ? thanks
AMV went massive in after hours yesterday
I was in the green earlier around 10 am but then it plummeted and never recovered
Nice trades on biaf, i swong it 2 days ago, looking for a bounce and here it is. But unfortunately i took my profit little too soon.
Hey, could I ask what rossโ limit offset is?
My limit orders in premarket always fill above and then I need to move them down to fill. Itโs very frustrating.
Warrior can you upload a video on what the Workspaces/Layout looks like. that you use and the setup?
When it comes to trading and stock exchange, I always recommend beginners to reach out to Sir MARK HELLER. Ever since I started investing with him, I haven't had any loss, but the problem is that the profit is not as satisfactory as I wished, anyway it is still better than losing. Follow him.