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Warrior Trading // Ross Cameron // Day Trade Warrior

All right. So I'm gonna do my uh, recap here. go over the trades from today, maybe take some live trades. We'll see what happens.

Uh, it's 2 15. And as we sit right now, as you can see on my P. L in the top corner, I'm at four thousand, Two hundred, Thirty five dollars, and Ninety eight cents. Uh, that's in my retirement account.

Plus I have another two thousand, two hundred in my uh. main account, which is a margin account where I can, uh, go long and short. So sitting at about six thousand, uh, you know, four hundred dollars today? Not bad. Uh, not a bad day at all.

Overall market will take a peek. Uh. initially sold off on uh jobs, uh uh. data that came out at 8 30 this morning.

So this data indicated, um, more new hires, more new jobs than were expected. Unemployment has gone down a little bit more. That sounds like good news. It's being received negatively by the market because that means the Fed's uh, policy of increasing interest rates and trying to slow down the economy has not resulted in, um, well, a decrease in in hiring, right? Because the whole idea of this recession that we're in.

So we are in a recession right now. This is the we've had two quarters of declining, um, negative Gdp. So we are in a technical recession right now. and it's been manufactured by the Fed by increasing interest rates because they want to slow down inflation, right? So with inflation being as high as it's been, there's only sort of two ways to resolve the inflation, either to um, have an abundance of supply, an abundance of new houses, which would then offset the demand and bring down the price.

Because of course, these this inflation that we have, whether it's with homes or cars or gasoline, it's an imbalance between supply and demand. and you cannot simply, um, you know, make more houses overnight. So since you can't increase supply, the other mechanism is to try to decrease demand. and so by increasing interest rates, therefore increasing the cost of mortgages.

The hope is that it decreases Uh, demand, and then prices come back down. So inflation comes back down. So trying to cool off and slow down the economy. But with this Jobs report, that sort of shows that maybe based just on that one data point, um, the the data is not supporting that the Fed policy is working because in fact, unemployment is going down despite interest rates going up, and um, new hires is going up, not going down.

So we had the overall market. Uh, pull back here. but that didn't really. Uh, seem to slow down.

Small Caps. We still had some great opportunities in small caps and we had a stock today. It ipo'd at four dollars a share. They ipo.

they sold five million shares at four dollars a share. So the company raised twenty million dollars in their initial public offering and it opened today at fifty dollars a share and went all the way up to two hundred Thirty Five dollars a share. which is a 500 increase from the ipo price. Now this was a Chinese ipo and so you're We're thinking back to Hkd, right? So Hkd big move earlier in the week as you recall.
of course all the way up to two thousand, Five hundred, Fifty Five dollars and Thirty cents. That was the high. Now it's pulled back, but still at seven hundred. which is crazy.

So uh, so that's the daily chart there on Um, and Meg L. Magic Empire Global is the one. Today this went up to a high of 235 dollars and 95 cents. You may be impressed to see two things.

One, um, let's see. let me look. Um is my fill on my entry. My first order.

so I bought um right here. Uh, at 55 dollars a share, I put the order out for 1 000 shares. I pressed it again for another thousand so tried to buy 2 000 shares in total. Uh, added.

try it again for 250. I only filled two shares, I only filled two shares. so that's the way it goes sometimes. Um, over in my um, my other account here.

My best exit on um, Qnrx. sorry I trade Qrx as well. My best exit on Megl was right here. selling two shares at 235 92.

three cents off the high, only two shares, but nonetheless, um, a green trade made on it 30, 32 and 50 cents in this account here and made what was it? 116 in this account here. So green on it. But boy. um, kind of felt a little bummed out that I didn't get more fills.

Basically what happened at ipos. it squeezes right into a halt going up, so I only filled two shares. It then opens and halts down at 90.. there was a member in the room that got filled 500 shares, sold it at 100 right there.

25 000 profit right there. 25 000 bucks. So um, that's awesome. Uh, it ends up halting down at 90.

it resumes from the halt down at 145 dollars a share. I then hesitated on a dip and rip. It dipped right here at 150 and I I hovered my hand over the buy button. but I was like that's a thousand shares for my hotkey to buy.

I can't buy it a hundred points higher than my my first attempt. I I can't so I let it go without me. It halts up at 159. it goes higher up to, um, whatever it was.

It opens 214, halts up, opens higher, squeezes up to 235 95. Then it halts down, comes. and this is very typical. no surprise here.

It then halts down multiple times, hits a low of 102, comes back up, halts up goes to 124. and you know it looks similar to the Hkd chart. It's crazy. It's halts up, halts down.

It's pretty much impossible to manage risk uh as once it gets up into these high price points because it's just too whippy. So you know, not really. Probably the easiest. I saw Bill bought a hundred shares on it and he made ten thousand dollars.

So he got in and made a hundred dollars a share. 100 shares. So um, there were, definitely, um, some traders out there that got some wins on it. but you know, I I really didn't get much and the thing is, I might.

The trade started at like 11 a.m and I've been in it for the last like three hours between all these halts and I just got to a point where I was like, you know what I'm I'm ready just to go enjoy the rest of the day. It's Friday and um, I'm I'm really not interested in sitting here all afternoon and the fact is, there's not a lot of momentum. So when um, Meg L. was halting up, I was like, okay, let's look for sympathy.
Momentum and some traders were talking about I lag You could see I made 286 on Ilag a reminder. As always, trading is risky. My results are not typical. I talk about my results because it is important that you know the person that you're learning from is actually profitable is qualified to speak on day trading.

And I am. This is real money, but you shouldn't assume that my results are typical. so make sure you take it slow. So I lag the same underwriter as uh Meg L, but of course ipod sold off like you know, terribly.

Coming back up I said the level that I'm interested in is like over 438. if we can get over that level this thing starts to look interesting. Uh well. it went up to a high of I made a little bit on it but it really wasn't Wasn't that exciting to me? So kind of boring action on that one Bbai This one put in a nice move here.

it went from 260 all the way up to 440. I jumped in and rode the momentum higher. Made a little bit on it 1900 bucks but really wasn't easy to trade. Didn't go, didn't have continuation Mobq this one was earlier.

it had news squeezed up from 170 up to 160. made 1500 on it. Didn't hold up. Kzia you're gonna notice a trend.

A lot of the stocks today did not hold up well. Qnrx a little dip trade on this one. There was news of an offering this morning. Meg L, I already showed you Jan popped up on the scans, took a quick trade on that one.

uh wet G This one goes from 19 to 48 comes back down. I ended up losing 45 dollars on it. Ion M This was on the scans earlier this morning. was one of our gappers up 150 pre-market Uh took a trade on that, lost 80 bucks.

Hsto was up 300 and then went right on it down 190. But you know what? The P L today is a lot better than yesterday. Uh, in fact, I'm up more than yesterday. But but more important than that, the losses are small.

This is back to the type of trading that I'd prefer, keeping the losses really tight. Unfortunately, Yesterday you know I was uh, deep red on Qnrx. I was read like 6 000 bucks on it and I was read i think 4 000 or something like that on Apdn or whatever one it was. So you know I finished yesterday up before fees and commissions 2300 or no, it was 3 000 in my retirement account, but down 800 in my main account.

So up like 2200. But my fees and commissions yesterday were, um, well, I finished the day at 300 bucks after fees of commission. So whatever the math is there, it was really kind of a waste of time. I was up, as you know, much as about 10 000 yesterday, but I wasn't able to hold on to it and I ended up going red.
Uh, or I didn't go red, but I went back to break even. I gave it all back. Wafu. You know, I mean this is the thing you see this popping up like on the surface.

It's interesting, but is it gonna hold? it? Just went from 370 up to four high of 401 388 on the bid. Unfortunately today it's Friday, it's the afternoon. It was slow and really choppy. yesterday.

today hasn't been that much better. Uh, I kept light on my toes today. Trade with smaller size. you know.

got green on a few trades early. Ah pi this one. Um, gave us a couple nice moves here. from 220 up to 340.

Pulled back and then came back up to 340 or so. So you know I I got green today. Um kept the losses tight and finishing at 6 400. All things considered, that's a pretty solid day.

Really can't complain. So locking it up here in the green, we did have a crazy ipo. Meg L. would have been nice if I.

I mean you know, if I'd filled the full thousand shares, it's kind of crazy, but I actually could have made a hundred and fifty thousand dollars on it. I mean, you know it. The fact is, if I'd filled the 2000 shares, you know. So how did I know about this? Well um, I knew that this was ipoing today.

this had been circulated. traders had been talking about it because it was also a Chinese ipo. same as Hkd. So people were saying keep an eye on Meg L.

It's going to ipo on Friday so I knew it was going to ipo. I saw the the the level two starting to show the prices. This morning it ipoded 55 dollars uh or 50. I saw it starting to show quotes and as soon and the thing is, you never really know exactly when it's going to start trading.

It's not like you know it's going to start trading at, you know, 10 a.m they'll just start trading. Um, and so I was sort of looking at other things and then all of a sudden I see it's trading and you know I jump over. You know, Zbzt just for instance And um, you know my workflow is like okay, jump over control, You know, control one, Control two and boom. Normally my order fills like that and I'm in the trade.

This thing was already halting up and so I punched it three times, filled two shares, and it was into its first halt. Then it resumes way up here at 105 and I was like, well, it halted down right away so I wasn't going to add there and then it ends up um, going up more here. Contra that's the market that the order is going through. Um, so if I do like this, it'll say Nasdaq.

I don't know why they call it Contra. I don't know what that stands for actually, but in any case, um, so you know. Um, yeah, went up to 159. That would have been 100 grand or 200 if I had 2 000 shares, 47, 000 shares of volume on that candle, then up to 235.

I mean, it could have been. it could have been. a big winner, but uh, you know, whatever. that's that's life.
It's nothing. No really nothing you could do about it. Um, I honestly didn't think I would fill the full order of either of them. Um, I and you know what that's That's because of, um, the Nasdaq test stock that routes.

That's just it's a test stock thing. Um, but I didn't think I would fill the full order. If I'd filled the full thousand shares I would have been like whoa, uh okay here we go. This thing better open higher and I probably would have sold.

I probably as as I was seeing 100 I probably would have had an order to sell on resumption. I would have been like just take take some profit off the table. this is crazy and then maybe you would have taken a little. So maybe maybe let's say the most you could have made on this with a thousand shares.

If I'd gotten filled the full thousand would have been um, you know, 180 000. I probably would have made a quarter of that because I would have scaled out. So maybe I would have made 50 30, 40, 50 grand maybe. But whatever.

Like I said, um, this is just that's trading easy come easy go. Sometimes you miss them and that's okay. That's life. You'll get the next one.

So um, you know, to be honest, I just sort of thought I would trade this and maybe make a little on it. Maybe a couple thousand? Whatever. I didn't really know how much it would go up and um, I was hoping that we would see Sympathy Momentum the way we did on Hkd because I figured that that's what I would do better on on Hkd. I only made 875 on this stock.

You know it goes from 12 to 2500. I only made 800 bucks on it. I didn't make a lot of money, but I did really well on Sympathy Momentum. You know we had a number of them as you know you saw over the week.

So whether it was Qnrx or Envb or Mgam last week or you know of course we had Pgy, so you know I just I made more on the Sympathy Momentum And the reason is because the prices were lower so they were more affordable. I felt comfortable taking bigger share size, the volume was better, the liquidity was better, so like it's just everything. Felt safer on the Sympathy Momentum ones versus trading Hkd, which just felt like you know, crazy gambling. Um, you know, all things considered.

Um, you know, thrown out in order for a thousand shares on Meg L was pretty risky too and I just you know, I hit the key. I hit the buy button, I saw it was going into the halt and I was like maybe I'll fill some shares and yeah, I filled some But um, but but that was it. So oh, I don't know. Um, ends up being you know, All things considered, a pretty solid week.

Um, we've got. let's see. Um, I don't even remember. Um, I had 28 000 on Tuesday, 26 000 on Wednesday.

I think it was 5 000 on Monday. so 50 60? I think I'm sitting around sixty thousand dollars on the week right now. Sixty thousand dollars in one week. I don't wanna lose sight of the fact that that's a tremendous amount of money.
and I'm I feel very fortunate. Being able to be a trader and capitalize when the market's hot. Certainly feels good. Um, this is more than I made.

All well last month I think I finished um at 59 000. let's see, let me just check. Oh, let's see. Sorry so dude.

So last month because 59 000 July? uh, 59 000. Yeah. So finished at 59 000 last month? um, it took all it took me four weeks to do that. You know? Today I did 59 000 and um in just uh, you know, one week.

So pretty. Uh, pretty grateful for that and we'll be back at it. As always, first thing tomorrow. Jorge, Let's see.

23 760 bucks. Very nice. Very good Benzie 3400 Very good. So good job.

Good work getting green. A lot of volatility today, but volatility is opportunity so I'm gonna, uh lock it up here. Six thousand dollars approximately between the two accounts, the retirement and the main account. It's a green day finishing the week in the green, finishing uh was about 60 000 in profit this week and we'll be back at it first thing on Monday morning.

Those uh who are going to watch this on Youtube make sure you check out uh Daytrade Dash. We've got the um, the the Vip list uh running right now so we're only um, bringing people on through email invitation. That's access to this software right here. Chat only access access to the scanners, the chat room, the audio video broadcast, etc.

So make sure you check that out and we'll be back at it first thing on Monday morning. Let's hope, uh, next week is half as good as this week. If it's half as good, then that'll put me up around 100 000 on the month. That would be fantastic.

Uh, if it's a quarter is good, that would still be pretty good. So let's see if, um, the momentum continues into next week. All right, So that's it for me. Thanks as always for tuning in.

I hope you guys have a great weekend only. Back at it first thing on Monday morning. See you Then you.

By Stock Chat

where the coffee is hot and so is the chat

27 thoughts on “live chinese ipo goes 500% from $4.00 ipo price to $235.95 #stocks #daytrading”
  1. Avataaar/Circle Created with python_avatars Tech2trader says:

    Yeah that’s fine but I don’t he can teach his method in structural form to make others use it consistently and make money. Take trades on a hunnge is gonna cut it in this market. It’s works for him but do you have that same intuition? I can guarantee the answer is no. So show that you can teach your method in a detail structured way then maybe I ll join.

  2. Avataaar/Circle Created with python_avatars Tech2trader says:

    This is one way for the Chinese government to take more money from us.

  3. Avataaar/Circle Created with python_avatars Almostthere19 says:

    Just looked at the volume and Ross it appears that you were the ONLY one trading MEGL 😂

  4. Avataaar/Circle Created with python_avatars Ed Crosbie says:

    Who else researching chinese ipos next week!?🤣🤣🤣🤣😭😭😭😭

  5. Avataaar/Circle Created with python_avatars Mr. Nice guy says:

    Have great weekend Ross!

  6. Avataaar/Circle Created with python_avatars D M says:

    So interesting to watch 🫶

  7. Avataaar/Circle Created with python_avatars John Money says:

    All other traders love to sneak diss this guy and he’s the only one who always always always shows all trades, P/L and metrics! Like him or hate him you have to respect him! He’s the real deal man!

  8. Avataaar/Circle Created with python_avatars William Casey says:

    Thx Ross , a Blessed wknd to you all as well .

  9. Avataaar/Circle Created with python_avatars Keven Font says:

    What software do you use to see the tickers?

  10. Avataaar/Circle Created with python_avatars P N says:

    It actually started at 50$. Got in @97 on MEGL and now after hours it’s at $192. 💵💵💵

  11. Avataaar/Circle Created with python_avatars LM says:

    Green Day 👍

  12. Avataaar/Circle Created with python_avatars M Ave says:

    CHECK OUT MEGL WE ARE TAKING IT TO $2023 YEAR OF THE RETAIL TRADERS!

  13. Avataaar/Circle Created with python_avatars Tampanda says:

    An inflation stimulus outta slow down that inflation….

  14. Avataaar/Circle Created with python_avatars Zay says:

    Volume too light, you realistic can’t trade that

  15. Avataaar/Circle Created with python_avatars jason mekush says:

    wetg hhhm when volume was 600 a min ???

  16. Avataaar/Circle Created with python_avatars Steve Edelen says:

    We need a vid all about IPOs 😁 How do you find/catch them?? How to develop a thesis/bias on it before it opens?

  17. Avataaar/Circle Created with python_avatars Falcon says:

    Ross.. I know you hate hearing from me but again.. these profits are dismal compared to what you have the capacity to do with your size account.. for instance with your resources or even margin you could have looked at the same entry with CVNA today with 2500 or 5000 shares and made 50k and closed your eyes..

  18. Avataaar/Circle Created with python_avatars Michael Mann II says:

    Bloomberg has covered this new IPO attack club

  19. Avataaar/Circle Created with python_avatars Youcha says:

    When do you play your daily live? I've subscribed for your channel, but for some reason I don't receive any notification during your morning live

  20. Avataaar/Circle Created with python_avatars Jorge Eliopoulos says:

    wouldn't it be 5000% increase ? (50 times) .. 500% increase would be 5 times..

  21. Avataaar/Circle Created with python_avatars Darth Bane says:

    Still holding my bags

  22. Avataaar/Circle Created with python_avatars JoAnn Corley-Schwarzkopf says:

    thanks for the recap!

  23. Avataaar/Circle Created with python_avatars NicoSuaveee says:

    Corruption at it's finest. So glad that I have my hard earned money in this market!

  24. Avataaar/Circle Created with python_avatars My Selfie Mirror says:

    Tried to sell at $235 and only got filled at $205

  25. Avataaar/Circle Created with python_avatars Brian Lueken says:

    some expensive errands and a missed fill, but still waaaaay ahead of $5k/day, during the "slow" month of August so far. way to go!

  26. Avataaar/Circle Created with python_avatars Darth Bane says:

    What will megl do after hour when there is no halts

  27. Avataaar/Circle Created with python_avatars Alen A says:

    You did what a professional trader would do, to minimize lost. But it was the day! Lol shxt!

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