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Warrior Trading // Ross Cameron // Day Trade Warrior

All right, good morning everyone! So uh, we're gonna get started here and uh I've got a kind of game plan for this morning. we're gonna go over uh, my watch list. What? I'm looking at stocks I think could be good candidates for trades this morning and as always I want to remind those of you guys tuning in for the live day trading morning show that trading is risky. My results aren't typical.

Make sure you trade in a simulator while you're testing a new strategy. Train the simulator improve profitability before you put real money on the line. So my goal each day is to try to find 15 20, 30 cents a share out of the market. If I could do that with 2 000 shares, that's 500 600 bucks.

500 a day pays a lot of bills. 500 a day keeps the regular nine to five job away. and if I can do that in one to two hours, that right there is the goal of trading. Now the incredible thing about trading is that if you could do that with a couple thousand, two thousand shares and make 500 if you did it with 4 000 shares or 5 000 shares all of a sudden you're looking at making a thousand fifteen hundred two thousand dollars on the same exact trade so you can scale up your trading for for sure.

But you start you know with Basics a thousand two thousand shares and of course first in a simulator before you put real money on the line. So I see Top has just resumed Uh trading. It was halted this one. Um I think you know we should watch to see what it does here.

there's a hidden seller. it looks like so Top was halted uh and has just resumed here after a multi-day halt. But it has a big spread and very light volume. Right now you know this is uh, some high risk stuff because of the spread.

The spread is what makes it so risky. Right now you've got a 30 Cent spread. You don't have a lot of volume 30 spread, not a lot of volume hidden sellers. So right now this isn't the one that I could trust.

We'll see if it gets to a point where I would feel more confident. there's nine on the Ask 911 on the ask but another hidden seller up there on the ask. and then all of a sudden people hit the bid. they get panicked, they bail out and you're looking at 875 on the bid and then 853 is the next quote on the level two.

so you can see Top just hit the scanners or broke through. Um, nine dollars there. For those of you guys that are perhaps tuning in for the first time, these are the scanners that I use every single day my trading. I have development team that built these out for me so I use them in my own trading.

They're also available to my students at Warrior trading. So Warrior Starter Warrior Pro students use my scanners as well and the charts uh as well. Many of you also know that we've got our 10th anniversary sale going on right now, so you may want to check this out if you've been thinking about taking the leap and you want to spend the summer learning a little bit more about trading so you could check this out. We'll put a link on the YouTube broadcast, but if you come over to the website and you just click around a couple different pages the Warrior Pro page you'll find your way over.
You'll see a pop-up that will give you a link. Okay, so we just had a little oh June go lay down girl! So we just had a candle there up to nine dollars and forty cents. Uh, I'm hoping that we find something that feels a little bit safer than this. but you know, obviously Beggars can't be choosers.

Okay, so current high right now is 9.74. Nice! Isaac Good job! So he got a trade on this from let's see where was your entry? Um, you got a couple different trades so right now you've got three four candles in a row that are green. Nice. Good job, Good fill on that trade.

All right. Hang on. one second Foreign. So leaving Gapper this morning is acon Acon up 147 percent.

I'm not a big fan of it to be honest. You know I don't like to trade these low price stocks. Uh, it's below two dollars so this is outside the price range Road typically do the best. So for me right now, this is kind of a a no-go so not interested in acon.

Aaic Floats 27 million shares and it's very crowded. It's in consolidation, not clean. Top is our third leading gapper right now. Uh, High is 1005 below here.

This pullback was 9 30. volume is somewhat light on it. That's a little bit of a problem. This is a spot where we often see false breakouts I'm curious to see if this is a real Breakout So yeah, we have that topping tail and then that reversal.

got ten thousand share seller at 1080 on the ask I This candle's 10 20. it's holding 10 on the bid. That's not bad. Hmm.

feels pretty risky. So from you know 9am this thing has gone from a very low of 691 all the way up here to a high of 10 48. But you know it's made the whole move with fairly big spreads and big whips down there. Went to 8 54, then curled up.

Now you're getting a move here up to 11. there's 11 40. but 10 80 on the bid that was 60 Cent Spread there for a moment so that's interesting how it just skipped over the top of that candle there up to a high of 1180.. foreign.

Yeah, Top has a 200 that's at 12.47 200 EMA So we're coming up to that resistance point. The problem on this is that it only has half a million shares of volume, so very thinly traded light on volume. High right now is 12 29. 12, 42 on the Ask 200 moving averages at 12 41.

let's see what it does up here. Well, 40 on the bid, 1249 on the Ask seller at the half dollar. Some people saying they can't trade Top on Weeble So there you have that break of the channel coming back down. a reversal right now off the 200 moving average.

can't trade it on Cmeg either and traded on tradestation or TD some people saying TD does work Okay So let's see. let's get that move to the upside there. This is sort of the bottom of the channel right here, but it feels like it's breaking. The low is 1160.
1150 Now on the bed. this I think would be a risky place to be a buyer because even though it's a pullback, uh, it's it. ran into the resistance of the 200 moving average. So it's like buying a pullback.

After Gap fill, you have perfect Gap fill. So now it's like the pullback can't really be trusted once you hit that. Target And then of course you'll get the five minute. And right now that five minute candle is closing with a bit of a topping tail.

So not a huge topping tail, but a little bit I've Gotta Sink My clock here. Foreign Trade good for you Beat Uh, someone asking about what I Think about this one. Well, it's kind of boring right now. It's just going sideways Above three dollars is interesting.

Top: some more selling coming in. Now we've got about uh, let's see 12 and a half minutes to the opening bell. acon is too cheap I wouldn't be interested in that one I Don't like to trade stocks under two dollars I Just don't find that at Price Action Interesting. It's not moving enough foreign weight average price right now.

Been stair stepping down on the one minute below two dollars. They rarely give clean parabolic moves. It's usually a struggle to get even 15 20 cents a share out of it because realistically, that's more than 10 percent move. And to get that, and you know, just a few candles.

It doesn't happen that often, so you have to take bigger shares, which means you're taking more risk. Your commissions are going to be higher for those that trade with commission. Brokers and you're gonna have to hold longer to get good good trades. I Just usually don't find that very, uh, appealing for dip trading.

The dips aren't big enough to catch a bounce back up. it's just the range is too small. I Want bigger range now? Top Gave us range for sure, but it lacked liquidity which is why we were seeing 40 50, 60 spreads at times. So it's really finding that right combination of liquidity, and volatility.

So on the one hand, something that's really cheap like Acon, hits Liquid but doesn't have the volatility that I'm looking for. and then you've got something like Top that has the volatility but not the liquidity. So once you really understand your strategy and the metrics of what you trade the best, it becomes a lot easier to be selective because you just realize, well, any of these that I trade I'm statistically going to lose money or not make as much on it. So why even bother putting focus on something like that? I should just wait for something that actually fits my criteria.

And that's what I do. So you know for the most part of course there are times where I'll deviate a little bit but foreign. So for those tuning in, uh, for the morning show, Thank you guys for being here I Hope you hit the thumbs up I hope you're subscribed. Uh, question about 10 second charts include with this platform Yes, Day Trade Dash includes 10 second charts Whether you use day trade Dash through Daytradedash.com or you subscribe because you're a member at Warrior trading.
if you're with Warrior trading either as a warrior uh, starter or a warrior Pro member, you could subscribe to the scans and the charts and everything else. And make sure you guys check out the anniversary uh sale that we've got going on right now. So if you come over to the website you just scroll down, you'll see the pop-up and then you can go and check out the sale specials. Okay, so right now, um, on this one, we've pulled back to the V-wap We broke slightly below it.

We had our descending moving average, which we've now come back above because of the way it based out here, but our high is right now. Of these last couple candles around 10.95 we're below the nine moving average. We're above the 20.. we now have 1.1 million shares of volume so we've got a bit more liquidity.

The five minute is still very extended off the nine moving average, so that's not great because this one was halted for quite a while. You may have traders that you know wake up and are like oh wow, Okay, finally I can sell this thing I've been holding it for you know, a while and they'll be probably grateful to be selling it at 10.80 because you know that's um, that's good. All right. So now this is selling off a little bit more.

We've got uh, about seven minutes to the opening bell. So Eric showing a message of the rejected order trading is restricted for this symbol. Yep, so it wouldn't let you buy it. So we've got a short week here.

This was an interesting setup. Uh, bounce out of a T12 um what's up? Not not the typical uh setup that that I've traded, but that one worked well. So good job. For those that um I had the risk tolerance to take trades on top.

We've got about five minutes of the opening bell right now hi this candle 1080. we're starting to come into um, you know the last five minutes before the opening bell. so Travis says do you make an actual watch list or straight from the scans so I don't write down my list more or less I'm taking a the scanners and then from there I'm usually finding you know one or two stocks that I like and I'm going with that top below volume, weight, average price. So our high day is 12.68 foreign million share float.

That's going to be a no. It's unrealistic to expect big things from a stock with that kind of float. Okay So we've got two minutes the opening bell. I'll be watching Top at the open to see how it performs.

Be curious to see, um, if anyone stop orders fire during regular trading hours. that wouldn't of course work pre-market so we'll see if we have some selling at the open. let it pull back a little bit and then, uh, go from there. So 90 seconds the opening bell right now it's a Tuesday after a long weekend so kind of slow top moving but not great liquidity.
big spreads, a lot of risk on it. so good job for those that had the courage to trade it. But right now I'm sitting tight being patient waiting for either a really good looking setup or a stock that better fits within what I think is my risk tolerance for this morning. So that's the game plan and I'll be back at it.

Uh first thing tomorrow morning for those on YouTube uh morning show starts at 9am, runs till 9 30 and those that were your trading and those subscribed over at Daytrade dash for tools and my stream only. Uh, we're gonna keep trading here the open so let's see what we can find and um, see if we can make our way towards the daily goals. All right! Thanks as always for those tuning in on YouTube and I'll see you guys tomorrow. Thank you.


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