All right good morning, everyone so just uh starting youtube broadcast here, so we'll be streaming hopefully by 8 30 uh. Well, we will be obviously now since it's running but um, hopefully we'll catch some headlines at 8. 30. Some news right now: the gap scanner is looking kind of weak, leading gappers.
Only 25 cntx had a bigger move after hours. There was some news on it yesterday, seemingly good news um, but you know it's it's hard to always know uh. The reaction was positive, but uh now it's it has pulled back quite a bit, so it went all the way up to 10 uh 984 and it's pulled back to 794. So the thing on this one that's a little bit of a problem.
Uh yeah. I agree. George, the thing that's a problem is you: we had blue sky on this a couple weeks. You know week ago, last week, whatever all-time high was 8 29.
It ripped up squeezed up to 1087, but then rolled over became that red shooting star candle. That's a pretty ugly candle. We don't like seeing that, and so now, for it to break out. It's got that it's got to recover, that the sort of redness of this candle - and it's not going to do that unless it gets above 1087.
just psychologically we're in the shadow of this candle to me um, the 829 level is no longer really super significant. That level's been broken uh the low of that candle was like 707, so we're above that level, but yeah it just feels like until we get to 1087, i'm i'm iffy and we're way off of that level i mean it's. You know three dollars a share off that level. So cntx right now goes on the hard.
Maybe list qtt is our leading gapper, but it's a reverse split. So this is deceiving because if you look at the quote, it shows it's up 880 percent, and that is because yesterday this would have closed at 45 cents closed about 45 cents yesterday and then overnight they did a 10 to 1. Reverse split right: warrior pro students, you know about reverse splits: we've talked about them a million times so increases the price decreases the float. So now the price is times 10 up.
The float is time is divided by 10 down, so the float was 287. Now it's going to be 28 approximately, but it's not even gapping up, because if it was gapping up well, you'd see the chart, the chart shows it was sold off and there's no fresh news. The only news is that there that there's a split - and you know that's something but uh - that's really not i'd prefer at this point more than just reverse split. I would really prefer that there was some type of catalyst as well, so that one for right now is is a no-go uh and then cntx is our second leader up 25, and so it's actually the leading gapper and it's only 25.
That's not a very big gap. Uh then we've got efoi. I know traders were talking about this one earlier in the week you had a couple. A big move on a couple days ago pulled back a little bit, so i don't know um this.
The high from the other day was 442, so now you've got a high up there. 528. It needs to break over that level, so i'm interested in the pre-market highs, but we're well off that level. Right now again so i'd say efoy is a. Maybe abct is also a maybe well it's a little higher 57 million shares pre-market high is 269. v-y-n-e, 47 million share float up to 230. Then all the way back down. It's pulled back too much.
Mynz uh, i'm pretty sure i lost on this one on the ipo day. 1129 is a level and then really want to see it above that level all-time high is 18.. I feel like i bought it at 18. I don't know i didn't do well on that.
One so not super interested andre, try clearing your cache so reminder for those tuning in on youtube. For the first time in case you didn't already know, trading is risky. This broadcast is for educational purposes only. I hope it's interesting to you, but you should know that my results are not typical and you should not try to blindly follow me or anyone else.
Take it slow trade in a simulator before you put real money on the line and remember since most beginner traders lose money, you should assume you'll probably lose money too. I have no open positions, my positions windows in the top corner. Here i have no trades. I've taken yet today it's 8 27, almost about 3 minutes till 8, 30..
Ah, let's see bntc a little further down the gap scan uh yep i traded isig. Yesterday this was uh, pretty impressive from 18 all the way up to 36.. That was awesome. We got a really nice move, so that was good to see high 35.50, we still have gap fill on the daily chart up to and fifty five cents uh yesterday's candle a bit of a topping tail because it closed had a high of 35, but then closed Back down at like 22., and then this morning it's popped up a little bit once they're, 26 and again well once to 26, something and then again to 26.
and you well. It looks like it was ipo from yesterday. The float is very high, so i wouldn't be interested in that one. I finished at 35 000 yesterday, which is pretty good.
I was up about 50 and then gave back a little bit off the top, no p. No, they they really don't the pretty diverse in the brokers they choose. Mynz, look at that a big spread built and that just went from 10 50 to 13. seems like there's a seller there at 13.
But then there's 1348. Was there news on this one wow? What's up 35 but then back to 1257 on the bid i missed it. I missed the first entry we'll see if it provides um second entries or third entries so alex. I just look at the timestamp of the last uh, the last trade, and then i add five minutes, nice job blarissa good for you.
Well, relative volume is going to be especially high on a stock that has zero trading history like nu. It's going to be outrageously high, so that's typical, no, not the bid. I just i look at the last. The last quote so 8, 30 and 59 seconds, for instance, and then add five minutes.
So i'm looking at the time and sales there when i'm looking when we have halts. So that tells me you know exactly if i, if this halted right now, it would resume in well presumably five minutes. Sometimes though, it's ten minutes, sometimes it's a little longer so m-y-n-z, you know a little rip but then pulled back a bit so so far uh. I haven't gotten an opportunity for a trade. For me, it's kind of like right at 8, 30 too. So i would have, i would have been happy to take that if i had seen it and gotten in faster if i'd been able to get in around 11 or 11 50 - maybe 12, but by the time i pulled it up. It was already like 13, so load is about 9.46 million shares, but i don't see see news on it um. So i'm not really sure nice, that's a great trade for you, so those tuning in on youtube, i hope uh you find the morning - show helpful.
If you do, please hit the thumbs up and we'd love it. If you subscribe to the channel my sig, the high back of that candle was 2506 volume's a little lighter, so it's starting to form an abcd pattern that five minute candle just closed but high volumes on that red candle yep. It's weird! What what happened here did i log out, i would say my nz: we need to get back above 1187. 12.
s p continuing to move higher, it's good tesla sig. I got a starter. Only 5 600 shares. I want to see if it breaks through.
25.25 25.50. See if we get the break at 25.50, if we can get over 26, then i would add: 25 75, 26. so cut the loss on it. Two thousand bucks.
Actually, i just realized well once again realize i'm in my retirement, in my main account not my retirement account, so not a bad place to take a loss very hard to exit got a lot of slippage on the exit was looking at this break through 2506 and Then 26, but not enough volume, maybe yeah the five minute pattern for an abcd setup wasn't bad, but it's not obvious enough, not the leading gapper! So right now, i'm just going to wait for something to pop up. That looks a little bit better. We should get something between now and the bell. I've got my scanners of course turned on.
So if i hear something on the scanners, i will be looking at that pretty quickly to see what what it might be. Okay, oh yeah forgot about rambo huge scooch. Go on you can't go. You can't go do that.
I said no waiting for 9am news. I agree. Do i think i'll ever beat my 500k day? I think i will because inevitably i'm a better trader today than i was when i hit that day. So all i need is the right stock.
I may have to wait a year to get it two years who knows, but the next time we get that type of move like what we had on gamestop i'll, be better prepared to trade it because of that experience. So, of course, it's possible that at that time i may just through luck of the draw you know the day before i may have taken out. You know 500 000, for my account. I may not have the buying power, in my account to trade it as aggressively as i would, or maybe that um during that period, i will have had recently some big losses and i'll be more conservative. I mean there's a lot of factors: it's not just the right stock. You also have to be in the right mindset at that time and so that i think that speaks to something really important, which is trying every day to make sure as much as possible. You don't incur some type of big loss, because the cost of a big loss is not only the the day. You have the loss, it's the days that follow and even the weeks that follow when you're in trade or rehab or you're, being really conservative and the opportunities that you end up not fully capitalizing on, because it is the right thing to do to be very conservative.
After some really big losses, so you know like a day like today, i'm already read two thousand bucks. So that's no big deal. If i go red 25, 30 or 40 or 50 000, then you know come back on monday and i'm going to have to be really cautious and if we end up having the best stock on monday. Well i'll be cautious on it.
Unfortunately, so that means it's really important to keep losses um as small as possible. Try to you know, bail out as quickly as possible and something isn't working so pretty much every day you come in, you are, you know, ready to fight ready to trade well and uh. I i certainly feel that i am today this loss that i just had is like no big deal for me and it's important to trade at a level where your losses are generally no big deal uh. So that's going to be a relative number for people.
2000. Is huge for some people and for others it's small for some people, 25 000 is like no big deal. You know, there's people that trade much bigger than me. So you know you find your comfort zone, but i also think that there's value in testing the edge of your comfort zone because you want to always, i think, try to keep growing and keep improving.
And you don't do that by just staying. You know kind of comfortable, you have to be pushing yourself, uh so well. Some of that uh we're going to be covering in the trader rehab course that i'll be teaching um fairly soon. So that's going to be a new addition to the class is that you know i've put myself in trader, rehab and you've.
Some of you who have been around for a while have seen me go through these uh trader. Rehab uh phases. You know. Usually they follow a pretty big loss or a couple of really big losses, and it's a time where you're i i just have to say wow.
I cannot keep doing what i'm doing sometimes i'll fight off trader rehab for a little bit i'll say. Oh you know. I had a big loss but i'll bounce back, real, quick uh, but then after a third or fourth big loss. Finally, just have to say wow all right.
What i'm doing is not working and if i keep doing it, i'm just going to keep digging the hole deeper and deeper and deeper i'm going to get more and more emotionally wound up emotionally fueled and things are just going to really start to spiral. So at some point intervention so warrior pro students, you can stay tuned for that that'll be coming either later this month or early next month, depending on a couple different factors how i do working on the class lcid, i'm not very interested in that one uh. It's really not. You know these ev stocks, um a lot of them aren't super easy to day trade. These are more swing, trade type of things just not as easy to day trade. So my watch list today well essentially my watch list is usually the top two or three gappers or one or two continuation stocks. Isig was a continuation stock. I did take a loss on it, uh if it can get over 25.
20. 26 um. I, like it more, it's stalled out at uh 25.50. Unfortunately, drop back down.
Cntx is our second leading gapper. It is karen because of the ipo dwac yeah i get pulled back too much yes day. Trading is risky and thank you for mentioning that i'll put up. My disclaimer here for those on youtube in case you didn't already know, i'm happy to be the first to tell you that day trading is a very risky endeavor.
It is going to be especially risky for those that have limited resources, so use your common sense. Please and don't trade with real money that you can't afford to lose. Anand said he made 1 billion trading in our simulator good for you. Oh you've made one one 300th of uh elon musk you're a barely billionaire, it's a good guess david, but no, not not quite so we're at 9am.
You see news popping up. I did max yup 1955. thanks tim, those on youtube. If you find any value in the morning, show any value at all, please hit the thumbs up.
It really does uh make a difference to the youtube algorithm. So thank you for doing that. We want youtube to know that this is the number one channel for active day. Traders isig, it's range, bound large range from 23 75 to 26, but so it's a two point range, but it is still in range still above volume.
Weight average price so still worth watching might have had the right idea, but just been a bit early yep. If i hit 1 million subscribers by the end of this year, i will do a small account challenge on january 1st, but i'm recognizing that we are well off of that level. I may need to adjust the the goal. Spreads are pretty big on isig, so you see there's another little push as it pops up volume is still light, so uh the high this last candle was 25 50..
You know we'll just see. Does it start to open up so it starts to pop up a little bit stalls out a little bit, so we can watch the dips, i'm actually going to switch to my retirement account if i trade it so there's 25.50. Oh now, wait a second actually! No actually was in my retirement account for some reason. I thought that i want.
I don't know what happened there well, in any case, i'll put the new order at 26., so still down up to 70. In my main account and down 2 200. My retirement account. I was i was confused earlier. I don't know how that happened, but that's fine um! Well the 10 second candle right there, you can see right. You should be able to see that in the bottom corner. So this is a good profile. Increasing volume added right there for the break of 26..
Now we'll look for 26.25 see if we get 26.50 26 uh, let's see 26.60 there you go so, let's see if we get a little higher. I think this is just going to be one to actively trade. The range holding 120 shares, i think it's get in, get out get in get out because you don't want to get in too high, but all of these entries are somewhat high, so the pre-market high is 26.61 still holding 120 shares. I think uh, it's good, that you just had that breakout there from 2450 up to 26.50.
That's great! That's two points so we'll watch on this pullback here and see how it bases out the volume profile is pretty good higher volume on green candles. We know this one made obviously a pretty big move yesterday, so it was kind of a funny spot and just ripped. So that's why i'm like. Well, you know, let's keep an eye on it.
Just in case it starts to open up, gets more volume. I have this one added there for the breakthrough. 45.. Now we're starting to open up next add is 75 and 85 for the break of 27..
So i think we're going to get a nice move on this watching 27.25 for the next trade added right. There, 27. Looking for 27.25, let's see if we pull away from this level, so went from red on the stock to green averages. 26.68.
Holding 2 400 shares watching for a dip added at 70 bought the dip 25 26.70 for the break back over 27.. If we can get 28 29, that would be pretty awesome. We'll see if we get that average is 74. Holding 700 shares high, that candle it was 27.80, but only for a second.
I didn't see that so a couple nice trades there. You know i went down 2200 back up 2300 now so 5 000 swing brandon says holding a thousand shares from 25 nice very good, we'll watch for dips, so the previous high there was 26.50, so that would have been a good spot for a dip. I was a little too slow and identifying that spot. It was right here, nice work, brian, so you know my first trade on it went red on that false breakout.
Then it kind of curled back up chased it a little bit by high sell higher watching now. For another dip, i'm going to add 26.61 about the dip there for the pop back up over 26.75 26.80. I want to see what we get 70. There profit bid popped up new order at 27.
sort of got in and it dropped there right after i got into 45 and then popped back up, so it was in a little higher than i wanted. So we're up 13 right now. Volume is still a bit light. I'd like to see more volume uh, you can tell he's using light speed just by the platform uh well. This one right now is on the gap scanner, but it's a little going to be a little further down right there at isig 13. So it's like the fifth gapper this. It was a continuation stock, so trading in my retirement account, you don't have wash sales. So you don't have to worry about a retirement account in a margin account.
You have wash sales, you can declare mark to market accounting and then you're exempt from wash sales. That's what some traders do. I did that myself and so that solves that problem. But you know you got to run that by your accountant and it really only makes sense if you're trading very very actively, but i am so diptrade.
There bought the dip off the nine moving average. I think so spots to watch on this um we're going to want to see what levels it's holding my average is. 26. 14.
That's a nice dip trade! So the low v interesting how the 20 and the v app are almost like right together, yup some people will trade in an llc account. We. We have a course where we talk or a section of the course where we talk about all that stuff. I would agree that this uh that's a nice break of 26 there up to 27, but it's not as obvious as it could be if it were the leading gapper.
So you know, we've got something on it, but back to flat. For now. What are you talking about will give me a break? How much do i pay monthly um? You don't need to ask 14 times so i pay like i don't know 50 in data fees or 60 in in data fees and then the rest is commission and ecn fees. I'll show you, let's see so last month, 466 thousand dollars in profit in ecn, 29.000 and 4, 500, or so it commissions.
So the ecn fees go direct to the um, the the market makers, the the ecns and the commissions go to lightspeed, alright, so the high there is 27.80 uh 10 second chart. If you can hold above 26.70, take a starter there, 68 ad spot would be 27. We're looking into the first five minute candle make a new high added 27 profit 27.05. Holding 3000 shares next ad 2710 dip trade at 74 for the break of 27..
So on something like this, i'm looking for a retest of 27.50 added at 76. 79 on the ask holding 1500 shares looking for a dip added at 31. Double bottom is 26 even iin and keep an eye on it. I is 485 that one's a maybe back to flat up only 1200., the bottom off of 26., so the height of this one minute candle is 52.
nice good dip trade, good job. We've got about 10 minutes to the bell here: nice hair, good job. So i'm flat on isig for right now, i've got 270 bucks in my main account and 1500 in the retirement nine minutes to the bell. So it keeps testing this 26 level.
I think that's a good idea, larissa. I think it'll be really interesting to see what we get at the open high volume uh squeeze at the open yesterday, high volume squeeze at the open the day before, but maybe today's the day it rolls over at the open, so we'll see now well. Qt t is a reverse split, ten to one vcnc lower price, but yep on the move. Yep uh he's banned from the channel for spamming, uh anastari. I prioritize the warrior pro chat for questions, but anyone on youtube, just spamming or just being completely disruptive, is gon na get banned all right. So, let's see what we get here. Hi this candle is 2710. That's the next ad added there next ad will be 27.50.
Looking for that, squeeze into the open through 28. added there, 27.25 holding uh 1800 shares, took some profit new order. The high 2730. stuff about five minutes to the bell dip trade at 76 bought the dip looking for that squeeze through 27.50 volume profile is good added at 81..
So, looking for that, first candle to make a new high through 27 10 27 20. we've got about four minutes to the bell. Holding 4 500 shares right now. Average is 87..
I didn't see ccnc about three minutes to the bell. Forty dollars and cents is our daily resistance, all right so going into the open i'm going to keep trading we'll keep broadcasting for warrior pro students, so those on youtube that are interested and want to learn more we'd love to have you join us, we'll see what Else is ig gives us at the open and we'll be watching the high day, momo scanners as well, watching for dips off of the pullback and then look for the break through 2730 and then 27.50. You.
I go away…good bye
Great content Ross! Keep it up 👍🏻
Nice content, as always.
Hi
I understand the concept of getting green and getting out of a trade even know your not getting the whole move up. Has been working for me, and buying the proper dip setups. With all this talk surrounding (Elon musk space x and Neuralink) which direction "If you where to guess" Is $TSLA is heading; retest of the highs? Ross you Have been a tremendous help in getting me started trading. Thank you.
Which direction do you think $TSLA is heading for, if you where to guess? Thank you.
What software / website does Ross use for gap scanner ?
How can I get started need help
Hey Ross, hope you have a great weekend! Keep SGMA on watch for Monday! ☺️
Hey Ross what’s your feelings on using cmeg with eSignal,Is it even possible? Thanks!
Wow, that's ironic. I put myself in rehab starting today…
Have a good weekend Ross. I had a medium green day on a few large caps, CHWY and ORCL, didn't see anything good on the small caps, especially after that nasty dump at the open on ISIG, did you get caught in it? Either way, time for some beer🍺🌕🎄
theories and opinions – psychology- not a science at all
is your strategy and your rules to follow public info or is that info only available for students
Ross: have a great weekend maybe on the small account challenge drop it down to 250,000….?
Are ECN fees the same as routing fees? In some brokers websites it seems that they don't apply them… It is a cost to be considered indeed…
Look into AVCT
New to Think or Swim. After a trade had been placed, can you enter both a take profit and stop on that order? It can be done on Webull but can't figure it out on TOS, Thanks!
what up with AMC
Nice video,great information
I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are trad!n without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 13 BTC from 2.1 BTC in just July from implementing trades with tips and info from Robert Peterson
Vyne is been a fun Rollercoaster today
Cut the stream just before ISIG tanked and he took the L.