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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. 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/
#daytrading #warriortrading #rosscameron #stocks #learntotrade #premarket #daytradingstrategies #tradingstrategies
Warrior Trading // Ross Cameron // Day Trade Warrior
All right, Well, good morning. It's about 8 55. we can have hope that there'll be something phenomenal that pops up here at um. 9am and you know, if I'm gonna be honest, I'm feeling kind of lucky.
You want to know why this is kind of crazy? I had a dream and I mean this is a wild dream. I had a dream that I was uh, at my mom's house and so you know, up in Vermont and there's a knock on the door. I go to the front door and there's a, um, a mom there and she says I've got your delivery of Girl Scout cookies and you know I thought to myself, I didn't order Girl Scout cookies. This is wild.
But I'm down. Then the next day, my sister comes over and brings me not one, but two boxes of Girl Scout cookies out of nowhere. I don't even know where she got Girl Scout cookies. She's not a Girl Scout.
She's a little younger than me, but she's not a Girl Scout. So now I I'm starting to think that maybe my dreams are in fact prophecies and I've been dreaming about bear meat. A short squeeze, a banana squeeze and I'm ready. But I'm waiting.
I know it's coming, but it's just not here quite yet. So as I sit here this morning looking at our Gap scanner, our leading Gapper is 31 Hmlp and this is a acquisition, so this one is not going to give us anything. It's not this one, but it's out there. Where the heck is it? Am I Cs? Well, that's a funny looking chart.
You can tell that it's a reverse split on the chart right there. So it recently had this, uh, sell-off reverse split. Now it's popping back up. It had a 4am algo spike.
So right at 4am, Algospike takes the stock from about 340 up to 7 bucks. It's back at 360 now. So on the one hand, what we know about these kind of algo spikes is that they show us a stock has the potential to make this kind of move. But you know it can happen on any stock.
The fact that it happened on this stock. the problem is that you've got this chart that's kind of a mess. It's underneath the 200 moving average which is at 691.. you know, yesterday was a red candle.
The volume was pretty light yesterday 1.1 million shares. so you do have higher relative volume on it, but it's below V web now. Wasn't there one? Kind of like this? Um, not that long ago. What was it? And yes we have 30 seconds till 9 a.m So let's all be hopeful that right here at 9am we get some uh, some breaking news.
We've got the uh Youtube morning show getting started here. You for folks tuning in on Youtube appreciate you guys as always being tuned in and subscribing and hitting the thumbs up. Of course. We donated uh earlier this week to St.
Jude's Children's Hospital. I had asked uh people to hit the thumbs up. and for every thumbs up. I said I would do a special donation.
So we did that. What dollar for every thumbs up? So thank you guys! I think it was Dean, who, uh, had a special request for St. Jude's and we've donated there a number of times in the past So I thought, okay, let's go ahead and do that. That sounds like a good idea. So uh, let's see. So there's 9 A.m I think it was. Um, Dlps, Dpsi, Dpsi, Snap. So yeah.
um yeah. Just so. this was a algo squeeze on Dpsi Just for what it's worth, You got that algo squeeze and it sold off. And then at the open it halted up which was kind of a surprise.
but it did is. You know, the chart kind of similar in a way. It's nothing special, but it ended up squeezing. So I'll keep my Cs just as a back burner stock.
but I don't know if we're going to get a clean action on it. All right? So let's see. Um, Ston enters into agreement. Let's see what this says to be acquired at three dollars and fifty cents a share? So that's that.
Pscb or sorry Pcsb? let me look at that one. A I Hs is a bit too cheap. Pcsb? Um, okay. Financial Corporation.
Okay, let's see. So what do you guys like? What do you think looks good? Let's get a consensus of what traders are looking at this morning or people dialed in on E-l-e-v You guys are nuts. E-l-e-v It's got the 200 moving average at 4 34. nothing at the moment.
Okay, yeah, let's see what it does around the 200 because that I have that 200 up there at 434.. So there's 434 435. There's a 10 000 share buyer there on the bid, so you've got the break through this level 420. So a nice 20 cent candle there.
So I'll take a starter at 45 because it's accelerating and I want to see if it squeezes through the half dollar and then I can look to add at 55.. So this is an entry to anticipate the break through the half dollar. Watching over 47 and 48 added there at 49 for the break of 50. And now what we would like to see is acceleration through the half dollar, right? So watch over 55 and 60.
we've got 49 on the ask 49. my average is 45 so I'm going to watch this here. High volume green candle is good. We're over the 200 which is also good.
Let's see if we break through uh, 450 half dollar. This is a micro pullback right here. So what we're going to set up in this area is our first, uh, one minute pullback after a fresh five minute breakout. So this is an area where I'm going to look to buy the dip off of 35 to 40..
let's see if we break through 50. watching for an ad. We're still waiting for the first one minute candle to make a new high here added at 44.. So now we're looking for the break on the first one minute candle to make a new high through 450..
we're up 26. 3 million shares of volume. There's 46 on the ask, there's 47 47 thinning out watch for 48, there's 48. So right now we're still looking for that first 1 minute candle to make a new high.
This is our fourth leading gapper, but we're up 26. It's actually going to be moving up the gap scan a little bit here. We haven't had a first. uh, one minute candle making new high? Yeah, yeah, I took a starter on that.
We'll see if it opens up. M-i-c-s still holding E-l-e-v M-i-c-s I added and I'll add on this one as it breaks. V-wap over 415 watching 415 and then we'll see if we get a move up to 425. added at 416 right there on Misc there's 420 Now next adds 425 added there for the break of 420. Now we're looking for 430 440 and I'm curious if we see this move up to 450 the way we did on Dpsi watch over 425 on mics watching the buy dips. we've got view app at 395. First one minute candle to make a new high is going to be over 425. Nice job, Nice Look elev looking for that to break over 450 Mics buying the dip at four dollars, looking for the pop back up to 415 420.
Added it four so see how you've got that seller and then it pops right back up. So now we want to see this rip back through 425 and 430. we've got four on the bid 405. Seems like there's some hidden sellers, but there's some buyers as well.
Hi this candle is 407, the low is 77. my average is 406. let's see if this can reclaim volume. Weighted average price, no cut the loss on that For eight thousand El Ev, I'm still holding and looking for the breakthrough 445 450.
disappointing on Mics that it rejected at the volume weight average price. Elev Hi this candle here is 450. This pullback right there is 431 so I want to see that back over 445. am I Cs back to 366.
So that's a pretty good pullback going flat on Elev. So down 9926 dollars in 10 minutes of trading. Setting a record here for going quickly in the red and I was down 10 000 yesterday. So this makes it my third consecutive red day.
Disappointing but part of trading of course. So I think good exits on Elev as it's pulling back more here, setting the stop at the low of this last pullback which was 431. So as it broke that level, cut my loss. misc.
Sort of disappointing because that looked like it had The potential to do a Dpsi kind of break. A view app popped up to 425 and I added at 425 but didn't get that squeezed through that level and now it's all the way back at 344.. So you know you could buy a dip on this, but I'm not really interested in doing dip trades on it because it's too bearish having broken below V app like that. It's just too bearish of a setup.
So we've got about 20 18 minutes to the opening bell. and the problem is, I traded two of the stocks that are on the top of the Gap scanner, but neither gave us good follow-through red on both of them. actually. so elev this would need to get back over 450.
It has the potential, but it's it's not there yet. So this one, this one still has potential though I'll keep that on watch. M-i-c-s This one I think is a broken chart, so that one I'm probably going to leave off completely A-i-h-s too cheap. Hmlp is an acquisition, same with Ston, so neither of those are interesting.
The Xpr 65 million share float Cybn 164 Alp yeah, so you know these just aren't that interesting looking. Unfortunately, got about 15 minutes to the opening bell, so yesterday I went up about four 000 before finishing the day. Read: Being read here this morning puts me read three days in a row. I was read Monday by a thousand yesterday by 9 000, and today by another nine thousand. So these are two good sized red days, and actually so I had mentioned, I allocate four red days a month, and this is my fourth red day of the month here. today. It's just they sometimes get clustered together and they're obviously clustered together here, which is disappointing. It'd be nice if they were spread out a little more evenly, but you know that's just not how it always goes.
Usually the green days are clustered together and then the red days are clustered together. So at this point the writing is on the wall that I'm read on the two stocks I've traded. So if I keep trading, I have to be very, very careful because I could easily go down fifteen or twenty thousand dollars. My daily max loss is thirty thousand, and there's no reason to hit the max loss just for the sake of hitting it.
If the market is cold and things aren't opening up, it makes sense just to cut the losses and just be done for the day and come back tomorrow. But at the same time it's early. It's 9 15, so we may very well have more opportunities. Lev I'm still hanging out, but I think my exit was was a good one.
I wouldn't have preferred to have kept holding that. I think a short squeeze is coming. It's just where is it. Is it going to happen today? or is it? going to be somewhere in our near future? I'm not sure.
High volume on red candles on the pullback, not a perfect bull flag formation, the Lev kind of back below the 200 moving average as well. Yeah, that's my equity curve on the year right now, so started good, gave back, uh, all of the profit, and then kind of start over on February 1st. A little chop here and there draw down back there. another draw down, but it's even kind of hard to tell I'll be down another 10 000 there.
But so you know, as always, my results are not typical red days. Happen. I put them out there. You can't really be afraid of them.
That's part of trading. You have to step up to the plate and some days are going to be red. some days are going to be green. I have, you know, certainly my fair share of red days, and sometimes they're clustered together.
and then I have certainly probably my share of green days right there. That was a really nice stretch. So yeah, it's just part of trading. Yeah, that chart's not very good.
Uh, no, I wouldn't buy. um, elev right here. We're a little too close to the open and it had a false breakout on the one minute right there on higher volume. In fact, the red volume bars are really just too high on this, so I'm not really liking it right now.
Maybe it goes, but I just don't like it. mics this one pulled back way too much. that charge is ruined at this point. So yeah, so that one's off the radar for sure and all things considered On elev, you know, the move just wasn't that big. so it's just not not a big enough move. You not sure about this? I don't know why you're showing that 6 11 spot. Hmm. so we have about six minutes the opening bell and uh, I'm not green going into the open.
We don't have anything on the Gap scanner, so the only hope would be something that gives us surprise momentum like Dpsi did whatever day that was last week. I don't really see that happening, but you never know. So we'll just, um, we'll just watch and we'll see. Um, you know, we'll see what we got.
So that's sort of the game plan right now. Okay, you can see E-l-e-v has another, uh, red candle. There high volume red candles All right. So we've got our game plan for the open.
Not going to be trading any Gap and go, but we'll look at high-demo scanners and see if anything starts to pick up. And if we get some surprise momentum. I'm not sure that we will, but if we do, I'll be here ready to trade it. So that's the game plan here.
Going into the open. Reminders: Always trading is risky. My results are not typical. These are big losses.
I can also withstand them. I've got a higher risk tolerance so you know you can't get the good without the bad. That's part of trading. so ups and downs and just riding the waves of the market.
So the winners will come. the losers will come. You can't let either of them get you. you know, two kind of off your center.
Just keep looking for those good quality setups. So that's the game plan here. With about three minutes to the opening bell.
teacher
always bro great class
Really learned to not be greedy today. Managed to be positive $5k on my paper account. Was at one point a disaster. Thought about just taking a loss but held on. Sold a little above my average. Very lucky today and real eye opener. Was trading ELEV bought at top it retouched 30 minutes later and never went back up. Thanks for the live show! I learn a lot and appreciate it very much.
Hey Ross, Bearish Market is very hard, but thanks for sharing your experience with us, I really want to be part of warrior trading but right now I can afford it, so your free content is really useful 😉
Hey Ross, you mentioned in your video that your max daily loss is 30k. With that being your max loss what do you use for a daily profit target? Is it a factor of your max loss? Any info would be greatly appreciated. Thanks.
Great ,,,class mini lesson,,,btw what is your favorite Girl Scout cookies ,,,I like the Samoa
You'll get it next time, just believe in your methods and most importantly believe in yourself.
Wish you a calming mind for the rest of the session.
Thanks Ross!!
Thank you for all the info and being honest about the good days and red ones!