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Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My 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.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 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.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 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 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? 🏆 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, so let's see, we've got about 30 30 minutes the opening bell. Uh, not much going on right now. No trades yet for me, so sort of being a little bit patient this morning. I Was looking at the scans earlier and I didn't see anything that, uh, looks particularly interesting.
so kind of walked away for a little bit. came back still not anything looking too interesting. Okay, all right. Um yeah.
I mean Imux looks like a grinder. It's got the price action so far of a grinder. It's got a 30 million share float so your float's a little bit higher. It's easy to borrow it.
Just everything about it has the look of a grinder. I Don't trade Grinders very well. If you if you really like you know a scalp trading technique, you're going to find that Grinders are very frustrating because they'll break out about like five cents, but not really very much and then they drop. you know seven or eight or ten cents, you stop out and then they could grind back up and it just you're just sitting there like losing.
You feel like you're losing and then the people who buy and hold are the ones who are doing better. so you know Grinders can be better for a trend trade. Um, you know a Buy and Hold type of position if you know you're using that strategy. but that's not one that I've really ever felt super comfortable with just because.
Um, you know in these markets of small cap stocks, if you don't take your profit, it's gone. You know it just feels like that. So when you get the ones that are just kind of grinding higher it, it sort of surprises me. I Don't really expect it I I sort of don't expect them to do much of anything, but then they just kind of keep going a little higher.
a little higher, a little higher. So anyways, um I I'm not really good at just buy and and hold I'm much better getting in getting out when we have really quick price action when things are moving so that knowing that that's of course where I do better I look for stocks that are more likely to perform better for that strategy and that's going to be the type of stock that is, usually, um, it's gonna have a lower flow. It's not gonna be easy to borrow, it's going to have usually some type of strong Catalyst Hang on one second. All right.
So uh yeah, all right. So you know. Like I said watching top of the hour see if we have any breaking news. given that it's uh It's Kind of a Funny day because it's a sort of a holiday, but the markets are open, the bond markets are closed, so it's It's sort of a funny day here that may reduce the number of headlines that are put out.
You know, some some companies are closed today. some offices are closed, so that might mean that we don't see as many headlines hit the Newswire Perhaps that could be a problem today? So then you know. And and there'll be certainly times that um, you know that that also kind of tends to be true on Fridays just generally Fridays Not as much news as earlier midweek, so that leaves us with continuation. Well, um, I don't I don't know that I really have anything I'm watching closely for continuation, so I'll move the continuation scanner over just for a second. Bhvn yes, but I was kind of iffy on that one. AMV that one's pulled back a bit too much. A lot of range, which is why we like looking at it. Fngr yeah, maybe I'll put that one on my level too, in case it starts popping up.
but maybe um, snti a little a little cheaper too compared to AMV and Bhvn at least Atxi pulling back Peggy Pgy maybe first daily kill to make a new high aehr Maybe Sobr pulled back a little bit. it's sort of a little too close to the 200 moving averages I think it's not really a perfect position there I'm just moving this back over here. Foreign overall Market S P 500 curling back up a little bit I caught I caught what I was doing earlier I called him Cat jumps cat jumps yeah I like that when I jump I Okay, nice, nice job. Nice pianos foreign.
My commissions are per trade. really. if you trade more than a thousand shares, do you want to be on a per? Trade Commission If you're on per share and you happen to occasionally trade 10 15 000 shares You're Gonna Pay Way way more. Uh, so most most Traders I mean you know I guess you might have some Traders Who would have B per share if they like to trade small small size of like 10 shares or 50 shares of large caps.
But but even I mean even then I don't know it's it. doesn't really make a lot of sense to me that they even offer it. But but it's really just for those really small lot Traders So but then they usually still have a minimum um per ticket commission. so you know then that feels like they really have set it up to only be good for them foreign.
So no, no trades yet I'm I'm happy to trade I'm eager to trade but I need to see something that looks good. So question there would a crypto scanner for momentum be uh in the future for day trade? Dash Uh, it's a it's something we talked. We've certainly talked about. Um, obviously crypto markets have pulled back substantially.
uh in the last year. so that may reduce interest in something like that. You'd have to pay for the market data. you know, most of the stock.
Most of the market data vendors for equities don't provide crypto, so you'd have to have two Market data vendors. Uh, which would then cost more. You see, it would cost more to get that market data. um, and to create the Integrations and stuff.
So I'm not sure I mean I think the biggest issue would is just the additional cost for the market data and the fact that it could be fairly expensive. I'd have to do some research on that and then the second would be whether or not there's enough demand to support the development of it. and uh. and then this, of course would be for intraday scanning and then whether or not if there was the interest.
there's also interest in paying what it would have to cost to cover the valuable easier. Yeah, that was great to cover the market data fees and the development costs. so there's a couple of considerations on that. I threw it in the trash Oh I thought it fell I think it fell in here. No, it's right over there. Okay I gotta work there. you go, that's for you. Where'd you put your spoon? Oh I don't know.
why don't you grab one from over there in the drawer? All right. So we've got about 25 minutes to the opening bell right now. Opinion on Sobr for the most part is just that. you know I saw it popping up and I was like I don't know it's already.
you know it had a couple bigger bigger days here. Uh back on the September 20th and then here. end of September early October and but then I don't know. It just feels like it hasn't gone parabolic.
so if it hasn't yet, it probably won't So we're getting into a spot where you know I don't just don't know if it's really worth it I Just don't know if there's enough, uh, potential range on that Fwbi moving up the scanner. Yeah, so daily charts hard to read because it has such a history of reverse splits and selling off, it just goes lower and lower. These moving averages just get like, so blown out. I Don't really think that Catalyst seems too strong? Sure good.
One foreign Cscw let me look at that one. Yeah, was on the scans last week sort of Similarly, just not moving a lot. No. I want to save these ones I can look at them, but just don't take any because I'm going to need them for my work For notes.
Sure. Smart Board Don't make it really small and I'll put this right about where we live. Just like this could be a little air out to where we live like right around there. Okay, there you go, All right Hey Bud, Hey, come on over here for a second.
Okay, why don't you do this? Okay I Took a starter of Cscw there just since it's moving higher. Only filled 1200 shares, added it, uh, 170. we'll see if we get up to 175 180 . it's up 26 percent high.
This candle is 71.72 60. Winner! It's a bummer because I only got a partial fill, just lower priced. My thought is that whatever's moving you know, in sort of a five minute period ten minute period is worth watching. Maybe it starts to open up a little bit more, but that one went up about 20 cents from 50 up to 70.
about 20 minutes the opening. Val This would look better if it can get over two dollars. I'll leave it on a side chart I Am ux on a pullback view app is 537 reminder for those tuning in on YouTube Thank you guys for being here for the morning show. Trading is risky and my results are not typical and there's no guarantee you'll find success whether you trade with me or you'll learn on your own.
So make sure you take it slow practice in a simulator before you put real money on the line and don't try to blindly follow me or anyone else. The broadcast that goes out on YouTube does have a slight delay versus the Ultra Lily NC broadcast that goes out to members over at Daytrade Dash and Warrior trading. Now, regardless of running ads, there's a delay because we use ultra low latency streaming servers and they're just faster than the servers that are free at YouTube right? I when I broadcast on YouTube it's free when I broadcast to Warrior and dash members I'm paying money for it because I'm using premium servers. Uh, But then we also run ads on the YouTube channel so that does increase the latency a little bit. but we appreciate you guys on YouTube Tuning In I Hope this gives you a little bit of a taste of what it's like to be a member and I hope you consider joining. You have two, uh, pretty straightforward ways to join. You can either be a member of Day Trade Dash which gives you access to my chat room, my scanners, my news feed, and you can opt into my broadcast if you want. So it's basically just the tools or if you want access to the classes you can check out over on where you're trading the trading courses and this is where all my classes are hosted.
So I've got my Basics class strategies and scaling Trader Rehab all of these classes. Now these are all included as part of your Warrior Pro membership and as a warrior starter member, you'd have access just to the basics class. and then when you subscribe, we have some bundles and stuff like that where we include access to the the tools and the chat room and all that stuff. So as part of your membership I Haven't seen any announcements about issues with NASDAQ I routed my buy orders um, on Cscw through NASDAQ So and I didn't have an issue but I guess I got a partial fill.
but I think that was just because there weren't as many I don't know, it's just that that happened sometimes or as many shares available as I wanted to buy. So knowing when I think it's okay to chase something and when I shouldn't write a change is a big one. Uh, you know, during a peak time of the day like you know right now between 8, 30, 9, 30 when something starts to move quickly, that would be a time I'd be a little more inclined to consider chasing if it is moving and at the time Cscw was moving, it was hitting the scanner so I was thinking okay, you know this, this is something that Traders are probably going to be looking at it. It ended up only hitting a high of 75.
Went back up here up to 73 but didn't end up being as exciting as as I was hoping. So you know that's sometimes the case but I would be a little bit more aggressive like I didn't keep adding uh I added it 61 and 71. I didn't add at 75 I didn't keep sizing up big. I only had 2 000 shares so you know if it would if it was moving faster.
If it was higher price uh, higher price in some cases is better because you'll get bigger moves. This lower price stuff 10, 15, 20 cents, you know might be as much as you get. Uh, stsa not sure it's a pharmaceutical company. 31 million let's see float 15 million easy to borrow analyst upgrade Maybe Foreign PTI Wild Card Stock you know, made a big move here. from 16 to 30, back to 16, back to 28, 30 back to 16, back up to 20 back to 16. So you know you're kind of testing this flat bottom. It's below volume weight average price. if it broke through 16 to the downside, that would be weak if it breaks over 21.
To the upside, maybe you would have room up to, you know I don't know I'm not sure really how high it would go. so just a wild card side chart right now. hello on imux down there was 41 curled back up to 57. foreign, that grinding kind of price action.
I was sort of watching it off of V-wap and I thought well I don't have a cushion today I don't know if I should be whap 3738 I don't know if I should try that. maybe just leave it alone. A wild cardstock. It's one that if it starts to move, could make a really big move, but there's a lot of risk in it Because the spreads are going to be bigger you might.
It could pop up three, four, five dollars a share. It could drop back down that much so it's like that's sort of what I call wild card stock. One that has potential but has a fair amount of risk. So some of the low flow, lighter volume stocks that have made huge moves like Di SCB or Ltrpb uh, some of the recent Chinese momentum IPOs those are all kind of wild card stocks.
they're they're crazy and you know I mean there's opportunity in that it's volatile, so volatility can create opportunity. but managing risk is, uh, can be challenging. Okay So we've got about 13 minutes to the opening bell right now. Imux is holding at the lead as a leading Gap or at 40 percent.
However, like I said, um, you know floats a bit higher at 30 million and it's easy to borrow. It's definitely showing that it's a bit of a slower mover although I actually could have made more on that had I bought. You know, 5 000 shares in the 40s be up 500 bucks right now. I'm only up 60 on Cscw, so this one maybe could have been a better trade off this level.
But I don't want to get in here to expect a breakout because breakouts are not really typically what you see. Oh well, thanks for bringing that to my attention. Let me, um, let me send that up the ladder. Hang on.
foreign Imux sort of higher volume red candle there. So with about 10 minutes to the open, uh, we'll see if anything starts to open up here, squeezing into the opening bell and then of course I'll watch at the open to see if there's any, um, any nice opportunities. I'm Ux right down here. There's definitely Temptation for me to try to do a dip right off view app at 37.38 and I'm just having to sort of hold my hand on it right now because it's not great that it rejected like that, almost a bearish engulfing candle.
It's it. Sort of has all the characteristics of a stock that's going to be choppier. So I think it's best to just leave it. Thank you. All right? So seven and a half minutes the opening bell I Am Ux not very interested in that, leaving Gappers only 36 percent. That's pretty small so I'm gonna watch to see what we get through the opening range. We'll see if anything really shows some um, some good staying power and then I can watch for red to Green moves versus the open opening range. Breakouts and first pullbacks on stocks are showing strength.
All right. So that's the game plan for today. Pretty slow pre-market sitting up sixty dollars. super slow day.
Uh, but you know I mean some days are like that. what can you do if it's slow? It's better to sit tight and be patient than just to jump on things that are choppy and then be deep in the red SO waiting for something to show some strength and then I'm happy to jump on and and just trade that aggressively and then be done if that's If we only get one and it only takes one right? So that's that's my game plan right now. Uh, thank you for those who have tuned in for the Morning Show on YouTube I Hope you found this helpful! I Hope I helped you build a little bit of a watch list and certainly gives you a sense of what some other Traders are looking at today. So thanks for tuning in and we'll see you back here first thing tomorrow morning for the Morning Show starting right around 9am.
All right, I'll see you then! Reminder: As always, trading is risky. My results are not typical so make sure you take it slow. Thanks for being here.
I love catch-ups too!
What broker is he using?
thnks
I have made $119,000 trading with sir Alex this year. I am really grateful for all your teaching and good strategies you gave to me. You changed my life this year. God bless you sir
Thank you
Hey Ross, first off appreciate your vids. Second, do you happen to have Telegram? I ask because if you don't, someone out there is posing as you.
went for $APDN most others were not interesting
Keep up the vids!
Hello
Hey, thanks for the video Ross just 1 question if I may: I want to move to LightSpeed but I see that you are using ESIGNAL for charts but LightSpeed for Level2? How does it work exactly? I couldn't understand it so well. Maybe you posted a video about it that I can watch?
Sobr made a nice move
6 green days in a row:)
One thing on grind scalping, I like big swings with big tails in both directions on sets of one minute candles (3 – 5 candles usually), where I can "feel" the level 2 interact with the chart. the pricing hits in waves on the level 2, which helps confirm the force of the price action.
The chart doesnt look pretty, but Im essentially trading the width of the wicks, generally speaking. pretty "easy" to get 5-10 cents on 1,000 shares, repeatedly. not sure i'd feel comfortable with 10,000 shares. possibly with an existing cushion.
i still have slow and steady goals, so will see….
How do I get access to the scanners and simulator?
'When it comes to trading and stock exchange, I always recommend beginners to reach out to Sir Dico polton Ever since I started investing with him, I haven't had any loss, but just that the profit is not as satisfactory as I wished, anyway it is still better than losing. Follow him.