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Warrior Trading // Ross Cameron // Day Trade Warrior
Link to Bear Market Workshop: https://warrior.app/bear-market-trading-class
Want to Learn More Get info on My Strategy and Courses here: https://www.warriortrading.com/strategy/
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.
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Still with me?
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Warrior Trading // Ross Cameron // Day Trade Warrior
All right. Well, I wasn't expecting to do a second recap today, but it calls for it now. Typically, as you know, when I come back to do a second recap, it's because I um, took a high-risk trade and lost money in the afternoon. But that is not the case today today.
Um, I am very grateful uh that I am actually finishing with three times the daily goal uh, just about and we had some pretty crazy momentum Hkd this uh, I mean this thing was bananas so you know I I already did one um recap which will be uploaded later and I examined Uh Hkd and shared the live trading recording of the one trade that I took on it which was I only took one trade on it, I made 874 and that was it. But this thing ended up going all the way up to 460 a share. This was at 1205 11 days ago, low of 1205. So from 12 and 5 cents to 467.16 I think this may have to go down in the records is one of the top top five for sure.
Most epic squeezes that we've seen. The problem with it um, if you're watching it live as or of course trading it live is that you may recall the spreads. And so this is a screenshot of the spread that I saw at one point: 350 by 370.37 So you know. the fact is, this was not particularly easy to trade, and in fact it represents only about eight percent of my profits today.
But this is some big momentum and it fueled some sympathy momentum and so the sympathy momentum is where I uh, made some money. And I did. I did pretty well on Pgy today. This is the one that, um, when I did my recap, I think I was down like 39 on Pgy or something like that.
Um, so came back, did some, got some trades on Pgy, got some trades on Mgam, Bcac, and had two losses right here. So when I came back, one of the things that this was, uh, breaking up a bit of a rule that I've set for myself, which is to not come back in the afternoon and so you know we're We've got the Daytrade Dash launch here. We've got the Chat Room this new software that we've launched by the way. For those that are watching this recap on Youtube, we have a wait list so if you would like chat only permissions.
we would love to have you register. You can register right here and we're going to be providing access. Um, chat scanners broadcast only. So a lower priced membership and you'll be able to get that through Daytrade so there'll be a link for that.
Um, for those tuning in on Youtube, I'll make sure we put it down in the comments and description. But uh, in any case, so um, so because we're launching this new software, I've been, um, I was hanging tight, uh through the whole day wanting to watch. Uh, make sure it's um, it's working well. Marcelo Biggest Green Day: Four thousand, Five hundred, Seventeen dollars.
Nice Manola. You wanna share a screenshot of your P L get you featured on? uh, the Youtube recap? Good for you? Um, Marcelo? That's fantastic. So anyone else that wants to post a Pnl um, you're welcome to or it's Power Hour coming to the end of the day here. Um, but anyway, so when I came back, I said, uh, all right I I think I don't even remember where I was when I did my recap. I think I was at about five thousand, six hundred dollars or something like that. And so I said, all right, You know what, Um, what do I have to work with here? I have about six hundred dollars of risk, right? I really don't wanna walk away with anything less than five thousand. So I started the day over with six hundred dollars in risk and I was able from that level to grow up to where I'm at now. which is, uh, fourteen thousand, five hundred, Sixty eight dollars, and sixty five cents.
I I did cross over fifteen thousand and then I gave back about six hundred off the top. Not bad. I really can't complain about that at all. So I want to go over the trades that I took this afternoon, talk a little bit about the momentum this afternoon, and um, you know, give you guys the breakdown.
I won't cover Hkd as much because I we talked about that pretty extensively in the other. Um, in the other. Uh, recap. Or in my first recap: forty six thousand, two hundred Eleven dollars, and eighty one cents.
You get a pat on the back. That's the pat on the back. Okay, there's a little heat on. That's because I'm a little jealous.
I'm a little bit jealous, but you definitely get a pat on the back because that is phenomenal. So good work. Monolith's got the million dollar badge. So does Justin says max? Um, yes, you know.
So these are traders who have been at it for a while and um, you stepped up to the plate. Man, you stepped up and good for you for that. Uh, M-a-i-a Yeah, I'll take a trade on that there at six. Um, watching ad there at Six dollars 614 is the level.
The thing on this um is that we've got this as a ipo from yesterday. So watch for a halt up at 6, 14, 6, 25. Now halt up and going into this level, let's see if it there we go that books a little bit of profit up to the halt level. If it halts, I'm going to watch for a dip and then an add back.
So taking a quick trade there that was right off the scanner. Day trade dash scans watching. Now halt levels at 25. New order is at.
Adding at 22 there's the halt level. Quick trade 22-25 watching halt level to jump up. Remember that the halt levels will move so you know I'm not. I'm not totally sure.
Um, this is halted. Almost halted. Almost false halted. But halted.
So I'm a little bit hesitant because it's getting later in the day. But that was a trade right there. Um, right off the high day momo scanner. The entry at half dollar.
Whole dollar in at six. Taking profit as it goes up to that halt level about 20 cents a share. Um, not too bad. so I'm gonna watch this on resumption.
If it keeps holding up, then I'm gonna start to size in and be a little bit more aggressive and try to ride the momentum. mgam This is the other one. This was an ipo actually just today and uh, my goodness, it ipo'd Open high, hits a high 588, pulls back, and then right through that level 588. Beautiful. I mean this once again. What is the deal with the cup and handle formations today? This is another really nice cup and handle formation. I'm going to start grabbing screenshots of these All right. So this is cup and handle and that's on the five minute.
Let's look at it on the one minute chart. All right. So let's see on the one minute chart. Let's back this up here a bit.
All right. So this was our level right here at 88. by the way, the S P 500 is also uh, squeezing. So we've got the market winded our back here a little bit.
for momentum traders markets picking back up, life is feeling a little bit better. Okay, back to uh, Mgam. Okay, so Mgam this one? Um, Manoli called out at around five. Uh, it was 588.
Let's see 588 or something like that break through this level and this thing went all the way up to 12 bucks. So a very nice pattern. So one of the things that I try to do on you know, a pretty regular basis. When I see really good examples like this is, um, you know I just grab a screenshot of it.
So we'll grab a screenshot, we'll save it saved in my file, and then one of the things I encourage you guys to do as much as you can is print out these kind of examples and surround yourself with them. Put them all over your charts or all over your computer screen. So when you see this happening in real time, you start to get the confidence to take the leap. Mgam, Five minute cup and handle.
And then I'm gonna do another one. Let's see. All right? So this one here. We'll grab this right there.
All right. So then there's the one minute. All right? So I'll save that one as well. Um, Mgm One minute cup and handle.
All right. So uh, by the way, watching Resumption on M-i-m-a-i-a let's see. Nice on Mgam. Okay, so mgam halt coming back up.
So anyways, so um, now I'm kind of like focusing on a couple things at once. but uh, mgam. This was a cup and handle formation. Man only got the break of 588.
I jumped in it pretty early. I really did. We had that pop up to 6 30, a pullback and the first trade went up to 650 and then it flushed here down to 620 and I was like i don't know, pops back over 650. I got back in at seven, goes up to 7 15.
I took my profit, ends up halting up at 7 50. I was like oh man. Meanwhile, you know Manoli's got his full size position there. he's still holding it, it opens higher, I try to do a dip and rip ended up actually losing six, six, or seven hundred dollars, going red on mgam, then adding back on this, um, little consolidation right here.
oops, and getting that move on. the breakout through nine, but I never sized up on it. So one of the things that I said when I came back for the afternoon is, I don't want to take really big size. I want to manage my risk. I want to be green. I'd like to add a little bit more profit without risking ruining the day. So that meant smaller share size be a little bit more conservative. Yes, you know, try to be active, but not go crazy.
So that was sort of the plan and uh, it meant on mgam I didn't take big enough size and I was kind of, uh, jumping in for a high day break and then getting back out. You see this candle where you had that flush so it halts. It opens, it flushes down and then rips back up. Then it opens a little low.
squeezes higher, halts down, bounces really nicely. Back up. I got long at ten dollars on that bounce. Coming back up.
That was a really clean trade. We squeezed right up to 11.50 and then back up to 13. or almost 13. 12.50 The problem was red candle right there.
That was a little bit of a problem on this one. Um, Maia Watching resumption on this new order is at 6 50. so add it at 625. Next ad is 35.
Adding right there and booking a little bit profit as it goes. Higher holding now 165 shares, watching the high of 60. added at 57. Now looking for 65 and 70 on Mi Maia so back of my target on something like this.
Since it's uh, blue sky, we've got a lot of room. So now watching, let's see and it looks like we're going into a halt. I don't actually want to hold it because I added too quick. So I'm going to look to add back added right there now 60.
now watch for 75 and 85. Okay, 75 is the next print for me to add. Looking for that squeeze up to Seven Dollars on Maia added at 63. Now watch 75 85 added 75.
there's 90. Now we're starting to move faster, right? So let's see if we get that breakthrough. Seven adding at 95 and there's Seven Dollars on the ask. 709 is the halt level holding three thousand shares at it.
again at Seven looking for 726. Big bid right there. Seven gives me the opportunity to take a little profit into this level. There's 710 holding 2000 shares adding a little bit more profit.
Back to flat watching. Dip added at 705 to buy the dip. Now looking for the squeeze? No back to flat at 88. Quick entry, quick exit.
sort of high. uh, high stakes trade there whenever you're getting in near the high. So I bought the dip off of Seven and then the bid disappeared. So I hit the bid and filled it 88.
I don't like to hit the bid, but I sort of felt like I needed to there. We'll watch Mgam Mgam on resumption, on resumption coming up towards 11. Added there for the break of 11 on Mgam and let's see if we get the squeeze through 11.. So 1161 is the next level to watch.
Looking for a minute 87 holding Right now looking for the squeeze through 11 Still watching M A I A back over Seven Flat on Mgam for now. Cutting it quick so gave back a thousand on that trade. Some fast trades going on here. Reminders: always. Trading is risky and my results are not typical so make sure you take it slow. 900 Loss on that. Maia watching added back at 83 for the 94 for the break back over seven and now watching 710 adding at 720. Now look for the squeeze on this up to 740 and the halt level.
So now that we're starting to pull away, we look for that move higher. Added 723 on Maia Looking for the surge on this up to 7.50 So finally we're getting some really nice action. Watch 725 730 Watch over 725 for the pop-up to 740.. so we've got 22 on the ask added at 21..
now looking for the break of 25? there's 30. Nice. Can we get 35? No. But a small trade nonetheless.
400 new orders at 7 35. bought the dip down there 91 Quick Dip trade Wow. Some fast-moving stuff here. Stop break even on the rest flat.
This is, uh, you know this is and this is the thing that happens when we have, um, when we have this kind of momentum, things just start moving so fast. High here was 744 so new order is 750. it's just yeah. And so this is the other thing that I said.
Um, one of the reasons I do have to be a little bit careful. Um, coming back for afternoon trading is that one of the ways I reward and I just stopped out flat. The rest. One of the ways I reward myself for finishing the morning is loading up on some caffeine and I don't usually like to come back and trade when I'm caffeinated because I find myself being a little too aggressive sometimes now in a hot market that can pay off, but in a colder market that can result in some bigger losses.
But all things considered today. Um, even though I did come back, I'm happy with the way I've managed my risk and I've kept my position sizes smaller. so I've been able to capitalize on opportunities without putting myself in a position where I was actually risking going red on the day. which is one of the most.
Um, you know that that's one of the things I have to be really, really careful of. So we're coming in right now. 3 11? we've got about. you know, 50 minutes until the closing bell? Uh, let's look at Pgy for a second.
So Pgy, This had an absolutely epic squeeze right here. I mean, this was phenomenal. I mean, I haven't seen a move like that in a while. It just went straight from 19 up to 23 dollars.
And as it started to pull away, there I was buying micro pullbacks at half dollars in whole dollars. Uh, I was just jumping in and riding that momentum. So that for me was a really nice trade. and then I came back in and traded it again as it broke as it pulled away.
Right here. We had this micro pullback there and this gave us a move all the way up to 27 43. Now at that time, Hkd was also. it was right around.
I think it was right around here when Hkd was squeezing up. So you know, at that point I was kind of like, all right, Hkd is strong. Um, that's giving us some momentum in the market. I'm I'm thinking about that as sympathy momentum. Uh, and so anyways, we got some sympathy momentum from Hkd, over on Pgy, and then we've got. um, after some trades on Pgy, this started to pull back a little bit and so this hit a high at two o'clock mgam started to open up at uh, I mean it was. It was kind of going at two. Um, and I was a little bit nervous that there was this divergence with mgam going higher, but uh, Pgy and Hkd going lower.
I sort of felt like that was a little bit of a problem. It ended up. we still got this breakout, but I was a little concerned on that and tried to be a little bit more cautious. This is a nice pullback right here.
A really clean wedge right in that area and kind of bounced off that level over here. Now earlier today, Um, when Hk Hkd was squeezing up, there was someone in the room that mentioned that they went short at 180 dollars into the sort of beginning of this spike right here. And I think that they were probably basing that entry sort of on a rejection of, um, this high from the previous day. So he went short.
only a hundred shares, but he went short, you know, right? it was. Maybe it was 189, something like that, Like, right in this area. And so as it squeezed up right here and halted up, I wasn't in it. Um, it opens um and halts down right here.
and then it opens higher and halts up at 54 and he said, all right guys, this might be it for me. This trade right here might blow up my account. and you know I I I never like hearing someone say that. I never like the idea of one trade having the power to end your career as a trader.
That's really scary. And these types of stocks Hkd, I mean, I I don't even have shares available to borrow it. I this isn't something that I would short. This is way too risky.
You know it's easy to say that in hindsight, but the fact is, this is front side of the momentum. I suppose one of the problems is that we have seen a number of these stocks that sold off really, really hard. right? They have their ipo, they get stupidly expensive and then they come all the way back down to the ipo price which on this one is like 7.80 So I can understand the rationale there. if this is a this has no business being this high and it should come down and and I I think that's probably true.
Um and it did come down. It went for all the way up to 254 and it came all the way down here to 180 and even went as low as 145. And I I remember saying you know I don't want to say i told you so because listen, we all make mistakes But I said I was like if I was in a trade like that I would be so grateful to get out of that thing break even because one of the problems is you know when you take a trade and you end up going deep into the red To me I have to adjust my expectation from the initial expectation of the the profit that this might have produced to just mitigating the risk and getting out for as small of a loss as possible. And I think he actually did get out. Um, I think he said he got out and he was, he was like break even. But then he shorted it again and look what happened. So it comes up to 250 right here and he was like well I'm kind of hoping that this gets halted by the Exchange Halton on a T12. It's a nicely listed stock.
It really has no business being up this much over the last 10 days. It probably doesn't. It doesn't make sense. and in the past they have halted these types of stocks and they've asked for the company to provide comment.
And usually when the company does that, they comment and they say there's actually no, Um, there's no, there's no material. You know we're not aware of any material news. Um, you know, whatever. Basically they say there's no news.
There's no reason for the stock to be up this much, and usually after one of those halts, the stock will open like sometimes 50 percent lower. So you know what if you are short going into something like that. um, that could be a payday. On the other hand, you're playing with fire and it's super super risky and this is what happened.
It went to 254, It went to 300, It went to 350 to 360. this thing went all the way up to 467 dollars a share. Now I haven't seen one of these in a while. We had, um, we had something like this on Duo Duo was a stock in one day, way way way way back here.
It's at two dollars now, but way way way back here in one day. It shows that it went all the way up to two thousand dollars a share. Now actually it didn't go that high because they did a reverse split. They did a reverse split back here of what is a 15 to one one to 15.
But it went up huge in one day and you know if you shorted it well clearly eventually you would have been right. You could have shorted this thing at 1900 a share and covered it at two if you were willing to hold it for that long. Uh, wins, wins. Uh, was it when Uh might have de-listed or changed symbols.
Anyways, this was another one that made a similar move. Ltrpb this one many of you guys are familiar with this. This made a move up to 140, came all the way back down. But the problem with Uh with all of these was that they did it on very light volume.
And that very light volume is what creates these crazy spreads. So even with just 100 shares 100 shares here, you're down 2 300 bucks just across the spread. Now you could say well, you know, So take 10 shares, take 50. Um, I took a trade on it and I only took 50 shares.
I made 874 on 50 shares. I made almost 20 a share, you know, But that that really from a risk reward perspective isn't even that great considering how big the spreads were at times. Now the spread that was a particularly uh big spread at that moment. The spread right now is um, well, it's 20 26 dollars a share so I'm afraid to even have the level two up on this because I'm afraid of like hitting a hot key and all of a sudden buying 2 000 shares and being down 50 grand like that. It's like I don't even want to have the level 2 on this thing up Zbzt I'm switching to the Nasdaq test stock. Um, but you know the problem with these is that when they have really light volume. Um, you can have big short sellers that end up getting trapped and you know we're not talking about 100 shares short seller, but really big short sellers that end up getting trapped and when that happens you can get these really epic squeezes. Um, mgam added back on this for the break of 11 looking for 11 25 as it's curling back up towards the high watch for an ad over 11 15 11 25.
so this is starting to pull away up here. Next order is at 11 10. added there on Mgm Mg Am 1115 Now looking for 1125 and 11 30. I want to see if we get a squeeze on this up towards 11 50.
Looking to maybe add back went flat but maybe I'll add back. it was. That dip there to 1090 gave me a little bit of pause. The ad back smaller size just to manage risk.
Um, I was just watching the level two out of the corner of my eye on this one. 1182 is the hall level watching the tape. Add it back at 18. there you go.
Nice quick trade there. New order 45 added at 47. now looking for the squeeze up to 57.67 So as this starts to pull away, we're going to see if we got to move it back up towards 12 dollars flat for right now New order is 67. little choppy, a little extended.
Nice work. let's see. Um always nice to see those. Um P L's let's see.
uh 2 000 bucks? That's great Man that's great. Good for you 50k badge Nice Danny Good work. 500 shares for me right now. Trading smaller size just to kind of maybe add a little icing but not not go too red.
It's the flushes of like you know, just like that 40 cents that you want to try to avoid so you'll get that. all of a sudden you get that bear raid that's an algo flush and this can be an opportunity to buy a dip, but on this one those drops have been so dramatic that you've gotten halts down. Uh so anyways, um, just watching the level two on this a little bit so you've got ascending support kind of like in this area. we'll see if it holds.
So anyways, um so you know I I I just urge caution on shorting some of these stocks and even trading them at all. period because these these are so so risky. Like I said this, I took a trade on this, but it's only like eight percent of my profits today. Uh, it's Fi actually like four percent five percent of my profits.
and I only took. I only took 50 shares, right? So you know, the guy who's made over 10 million dollars in the market. I only took 50 shares of this stock. So if I'm only taking 50 shares, I mean obviously everyone's got their own risk tolerance.
But just for what it's worth, this is really high-risk stuff and I don't want to empower. If I took five thousand shares of this type of stock, I could lose a hundred seventy Five hundred thousand dollars. Easy. I mean, I'd have a hundred. I'd be down a hundred thousand dollars in the spread on something like this. I, I just simply couldn't afford it. I, I mean, mentally, you know, fit financially, I guess. But but it's really a mental thing And if you're in this, you know if you're if you're in it to win it.
If you want this to be your career, you want to do this for a long time. You know you're going to see stuff like this and you're just going to say, well, whatever. I got to let them go because I got to manage my risk and I can't trust. Um, you know, some of this stuff is just too risky.
so you just manage your risk Bcac this is another one lighter on volume and you can see it moving a little bit higher there. This is also again a blue sky setup. So what you're noticing is this pattern, right? You've got these blue sky setups all-time highs. whether it's a recent special acquisition company or it's a recent ipo.
This right now is the setup that is hot and the traders are jumping on pretty quickly. So these are these are what we're going to continue watching. and Pgy over the last you know week. that's that's been basically the Pgy setup.
You know, a special acquisition company that started to squeeze higher and um, merger and we got this fantastic move. initially sold off and then rallies back up. Got through the 200. I mean, I, I was really seriously impressed.
So Pgy was sort of made the month and uh, Hkd It came out of nowhere In a way I really didn't expect it. and when it started to open up earlier this week, I was just like nah. Spreads are huge, price is too high. I do better on lower priced stocks.
You start to get in the 20, 30, 40, 50 price range. Over a hundred dollars. You know you could Really, you could. You could get hurt.
So sometimes I wish I had a little more courage. Uh, but you know I'm not there yet. so that's okay. Maybe I'll get there someday Bcac going a little higher.
As you can see there the halt level is, um, 1576.. So now you're up to your halt level. Nice move from 13 up to 15.76 Pgy popped up there for just a second. 1641 on Bcac right now 1641.
All right, so see how fast that moves, but the volume is a bit light. Um, so wait, probably for a pullback mgam this would need to get back over 11.50 That's the level I'd really want to see break. Yeah, I saw S-i-g-a hard sell-off same with Gov X, uh, Nvx or no, uh, V-racks V-racks was another one really hard sell off on this one and I think this is probably what people were hoping for. on um, on, you know, Pgy and on H Dk, Hkd or whatever.
something like that. That's what people wanted and they start sizing up short and then oh, you start getting the squeeze. Do I think eventually the stock will go back to 12 there? I think there's a great chance I. I really do. I mean, this is what we seem to see again and again. These stocks that make these crazy moves. and then you know, six months later they kind of drift back down so it's not impossible at all. And what's a what's a chart of one that was like a recent ipo that just like dropped like a rock.
Um, I can't think of them off the top of my head. I think I try to forget them, but we had a couple um no not not duo or but one that like just ipo'd like recently. Um yeah, that's one. There you go, that's that's doesn't get much worse than that right? I lag.
Yep, there you go. so you know you get a few of those and this is what people are looking for in Hkd and the short will be. I think it will be epic but nobody knows when it'll happen for sure and this one shows the other side of it when they just keep going. Nice job Horatio! 2200 bucks That's a great day.
So Bcac mgam Hkd y Yep, pretty wild. pretty wild day so Well I guess I ended up adding a little bit of profit through this long recap. so it seems like you know things are starting to heat back up. This has been a pretty solid week.
I hope we get a bit more of it. It's not been, you know it's I'm not going to ever say trading is easy and this has been some pretty high risk stuff, but there's been some opportunities bcac watching. On resumption, you've got this halt up mgam selling off again. back down towards 9 40.
halt level down is 9 38, 9 20. about the dip at 9.67 I want to try to catch off of the yellow descending resistance line and then see if it pops back up through 10. There you go. There's 40 cents a share, 10 on the ask.
Buying those deep dips on these types of stocks, there's 10 15.. So poking a little bit of profit on it only took 250 shares, but stop breakeven on the rest. So I was looking at the If this little line was drawn like this, I was sort of like, okay, if that's right below there, if I had drawn it to the bottom of that candle, I would be right at ascending support. I drew it right across this bottom.
but if I had drawn it here, that's where I thought this would have been a bounce spot bcac it looked like I stopped the rest of mgam there. Stop fired break. Even so, Control B is the stop for breakeven that I keep that way I can bail if needed. Nice Jeffrey Good job posting that P.
L looks good so Bcac is still halted. Nice. There you go. Good work.
So those who watch this super long recap on Youtube um, if you check out the link that I posted uh in the comments and I'll pin it to the top, you can see the link to join the wait list for Daytrade Dash. So if you're not interested in being a member over at Warrior, obviously warrior memberships are more expensive because they include the mentoring and all the educational classes part of the the Warrior Pro curriculum. So we're launching Daytrade Dash. It's a chat only membership chat room scanners you can add in if you if you want just chat and scans. you can do just chat scans and news. If you want to add in my audio video broadcast, you can add in my audio video broadcast as well. So there's a wait list and we're gonna open up the wait list next week and give you guys first dibs with a special discount to be the honorary uh, first members of the Daytrade Dash platform. mgam nice curl there added back at 93.
I want to see if this curls back through. um 10 15. it feels like the 10 sec or the one minute charts coming back up here. so if we can break over 10 15 that would be nice.
New order will be at 10 15 to add just 250 shares to start managing my risk as we get towards the end of the day flat. For now I think it's bear flagging. Nice Brian Good job Pgy Coming back up a little bit. Yep Hkd see look at that pop.
you know that was down to 350 and then back up to 420. That's 70 a share. 70 a share on that bounce? that's that's wild. And the thing is it's defending that 350 level which I think if I was short I'd be like a bit anxious about.
Why is it still holding 350 a share? This thing is really not breaking down and then you're going into the weekend and it's still up a lot. So your gain on the day is 130 with a 15 point spread. Right now I would say your apex points on this would be Um for 440 and then 450 the half dollar. and if you break through 450 455 I think you're probably going straight through 467 to 475, 480 at 500.
To be honest, I don't know that that's going to happen, but those are the levels I would watch: 440, 450, 454, 467 and then your target's 500. the thing is, I mean those are such huge numbers and you still have the very real risk that this could get halted on a T12. You know it's possible that it the thing is it's 336 now, so like I feel like it was going to get halted. It would have already look at mgam look at that thing.
so right idea but stopped out just a little too soon. But the problem on Mgam is that this pivot up here is what we need to break for us to go back to. possibly back to the highs and I don't think that's going to happen. So I wanted to catch the bounce off the low for the move back up and now the bounce has happened bcac so halted at 16 41 a 1730 resumption watching added 18 now looking 250 shares for the squeeze up to 18.50 new orders at eighteen fifty.
There you go. There's nineteen Eighteen Twenty five. I'm taking the profit on it because that spread is, um, pretty big. and actually I got a pretty good fill on it.
But the the new order is 19 and the new high is 1903. let's see if it halts again. going up only about 250 shares 20 up to 20.. Wow, I guess I sold too soon.
Right up 98. You know, I don't think that, um, I think that you know we're trading volatility. Volatility equals opportunity. I don't know that these, really, um, are going to hold up super well, so you want to be careful not to be holding holding these two too long. It was showing a 22 resumption now showing 1998 Hkd. I'll show you what the level two looks like here. 403 by 420 17 a 17 dollar spread. Wish I felt confident taking bigger size today, but you know this is.
this is the area where it gets easy to compare yourself to people who made more. and when you do that, you lose sight of what you have. So I find myself doing that right now. You know, thinking about Manoli or someone else that made a hundred grand today or that I probably could have made 100 grand if I had been willing to like go Rambo and start swinging with some really big size.
But um, I just you know. the on the other hand, I've got a look at what I've got here right there and I got to remember that That's a fantastic day. That's a really, really good day. So you know, if you're if you're sitting here doing the same thing, comparing yourself to me.
Wow, he's up 17. Just know that I do the same thing. I compare myself the person who's a step ahead of me, and you know what? he probably does naturally to the person who's ahead of him. We all have that tendency.
so being able to recognize that and say, you know what, hey, what I did is good enough. This is good enough. I've made enough. This is.
This is fine. Now I'm happy to keep trading and for the enjoyment of capturing more opportunities and seeing what happens. But if I start chasing the big numbers, that's when I'm going to start making emotionally fueled decisions and I'm gonna start making mistakes. And yeah, it's true.
I've made over a hundred thousand in one day. I've made over four hundred thousand dollars in one day. But uh, that was when we had average daily volume of like 100 million shares. We only have 1.3 million shares of volume on Hkd.
You know. I mean obviously you could have made great money even with just a thousand shares on something like this. But um, and you know, I guess it would be fine. But the spreads.
The problem is you have low vol low volume and that low volume is creating these really big spreads. There's not enough buyers that are filling in to tighten the spread so you know that's what creates the problem. Nice nice work. Nice job.
7400 Reminder: As always, trading is risky and my results are not typical. Neither are those that are posting positive P L's I'm sure there's uh for every one person that posts a green P L. there's probably uh, a bunch of others that have a red P L, but just don't post it. So now, um, watch this Hkd here so see that it's starting to break there.
The high is 21. so let's see if we get action into the close on it your high there is 440. big spread though. 410 by 4 30. volume on that candle was 5 400. Shares the interview by the way with Roberto profitable Trainer interview uploaded um to chapter 17 so you guys can check that out. Warrior Members: We got a couple new interviews um that have gotten posted. Had one with Chris, had one with Nick, had one Marcelo so and then another one here with Roberto.
So four new uh interviews with Profitable Traders that you guys will be able to check out over the weekend if you'd like Bcac H Hkd. So you know Hkd, it looks like you've got that uh, sort of curling happening ba Bcac that one uh, resumption. Looks like it's a ten minute long haul. So the levels that we were watching on Hkd were 440 and then 54 and 67..
see how it pops through that level? The problem is, you know this halt's going up and halt's going down. so there's a lot of risk. There fault up is 66. But then you know you've got 74 on the ask and 45 on the bid.
That's a 30 point spread up 160. so you've got new highs there 467.. Bcac extremely extended here almost ten dollars a share from 13 up to 20 showing a 21 dollar resumption. So the levels on um, Hkd were pretty dialed in there, right? So what did I say Before 440, then 454, then straight through 467..
I didn't take the trade. You could have taken a trade at 421, but you know, it's just a question of how many shares would you be comfortable trading on something like this? Knowing you've got T12 risk. Your risk is not just, uh, the difference between your entry and the stop. Your risk is losing 50 percent of your capital that is in the trade because it gets halted on a T12 and it resumes lower.
So 50 of a thousand shares would be. You know, 200 grand. So all right, you know, 50 of 100 shares. that's still twenty thousand dollars.
Twenty five thousand, maybe even seventy five percent. So it's it's hard for your risk and reward to line up. Um, on that, Bcac. I would be a little concerned about a possible halt down, but we'll watch it here see if it what it wants to do.
Smaller positions so there's 10 points from 13. Big spread right now. not much more room. To the upside.
Um, I think because of the halt level being at 66, halt level is very close. So if you bought it here at like 2330, you're only 30 cents off of a halt level. But to the downside, the bid. You've got over a dollar a share right? So feels like Hi there.
23.60 23.92 Yeah, 24 58. So halt level moved up and then you get the move up to 25.. this one, like Hkd is light volume. Though the light volume makes it hard to size up.
Bcac halt level moved up to 2630. Added on Bcac there 250 shares, halt levels 2630. So because the halt level moved up, that gave me room to add, taking uh, like 180 shares off the table holding just smaller size. halt level moved up again to 26.95 Hkd is squeezing up a little higher.
There hit a high of 85. Holding 21 shares of Bcad Srbcac, there's 27.74 holding 10 shares. Now a little fomo to have not made more, but you know small gains are okay. There's another hall holding 10 shares Hkd closing. you know, with 10 minutes to the close very near the high look at that bounce from 350 all the way up to 480 485. Golly, volume is a bit lighter here into the close. Yeah mgam you've got a pivot here I'll add at 40 on Mgam because if you can break through 55 and 65, then we're looking at 1080. So watching Mgam to add 1080.
you've got 50 there. Let's see if this breaks this pivot. So watching 55 and 65. So I'm just noticing on my level 2 that Hkd is at a halt down.
which gives me pause the high this candle is 80. maybe I'll add back. I don't know we'll see 11 36 halt level up, but it feels like trading again. Trading against Hkd added 80.
Let's see if we get the squeeze to 11.. Holding 990 shares looking for the break of 11 on Mgam Seller 11 added there. Now looking for the squeeze up to 11 47, halt level added there 11 10. So now look for the move up to 11 25 on Mgam there's 25.
that's profit watching. Add back Hkd at uh, halt level down on the bid but not on the ask. B C Ac only holding 10 shares. The pivot here that we were looking at is 11.53 Reminder: As always, trading is risky and my results are not typical.
This is the longest recap that I've ever done. High is 11.25 at 11 20 right there. Now looking for the squeeze up to 11 35 and 11 40 on Mgam We're looking for this to pull away up to 11.50 1167 is the hot level added at 30. next ad is 40.
You can see how this is ascending here. This is what we want to see. is the squeeze up to 1150. Going into the close, there's 11 35, Next ad is 11 40.
adding right there for the break of 1140 and now looking for the squeeze through 1150 on Mgam. If we can break 1150, then I think we're in good shape for a squeeze up towards 12. I'd like to see an after hours move. Given the momentum we've got in the market, we've got a good chance of it.
So watching 11 45 and 11 55 if we can break through 48, we're looking at 53 and 60. there's 50 on the ask added at 50. now looking for 65 there's 58. This is a profit opportunity.
Next ad is 60. So I take profit. Then I look to add back. watching ad back over 55 56 Holding 1700 shares, actively trading these types of stocks flat right now.
26 Watching a dip. These three candles have had topping tails with a high of 58. This one new orders at 65. A thousand shares Watching Um Bc Ac resumption.
I want to see if we get a dip and a rip. Nice job on Mgam guys. Good work. For those that booked profit, Bcac still halted.
Hkd halted back down. So we are trading a little bit against that momentum of Hkd with the high there of 84.85 only five minutes to the close and then we'll have to see whether or not we get after hours momentum. Mgam. This is where you know. We have seen dips in the past and some of them have been pretty big, so want to see where this levels out? 985, Halt down so that's a ways away? Well, definitely paid to stay a little later Today, almost at four times the daily goal. Mgam holding 11. added back at 34. looking for Mgam to squeeze through 1150 flat at eleven? Oh, Five.
Small loss. Two hundred dollars. so two and a half minutes to close. This kind of needed to break through that 1150 level pretty hard and then the next level is reclaiming the high.
But that was a high volume red candle, so definitely some risk. So we're coming into the end of the regular trading hours, but you know, of course, then you go into after hours, All things considered. Haven't really done super super well on Mgam, but just traded a variety of different stocks and traded fairly well. So so Bcac will resume at the close and we'll be watching the high of 27.74 It's showing a lower resumption right now.
I'm still holding 10 shares, all right, and I'm going to keep Hkd on watch as well. Okay, so Bcac Mgm spread on Hkd 375 by 440. it gets safe to say that's a pretty big spread. Generally speaking, volume slows down after hours unless something is really obvious.
I don't see anything that's particularly obvious at the moment. mgam, you know if it broke through 1150, but your volume is not there yet for after hours trades, so looks like short sellers got a little bit of a break on Hkd as it's pulling back a little bit after hours bcac pulling back as well. That's not surprising, so I'm surprised how high it went mgam about flat right here. So finishing at 18 767.88 That was a surprising, surprisingly big green day, and I think I capitalized pretty well on the opportunities that we had.
and it's been a pretty good week, so I'll be back at it bright and early on Monday morning. All right. Well, um, thank you guys for tuning in and reminders always that trading is risky. My results are not typical, so make sure you take it slow, especially those who are watching this recap.
And I'll be back at it on Monday morning. and I hope on Monday morning that we have a continuation of this really strong finish to the month of July. All right, I'll see you guys back here on Monday morning.
Omg! I really missed your wild trading. It is very interesting to know that if SPY etf looks strong then any wild penny stocks would show up. That always make easy for anyone. If SPY etf looks weak then it would be very difficult to find a wild penny stocks and not easy trades too. All cool man!
Should I buy a share on Monday?
amazing man
How are you getting your orders in and processed so quickly?
Great video.}Am still learning crypto, have a question. Can we trade from our crypto wallet? Or must we deposit from our crypto wallet in the crypto account on order to trade? 🙏🙏
loved the trading today. thank you for what you do. big Green day in PGY and HKD.
Oh I want to vomit, spread was to big yesterday and I didnt think about it today figures lol
I’m 54 and Even in the economic fluctuations, I’m so excited I’ve been earning $45,000 from my $10, 000 investment every 10days.
Really appreciate you taking the time and effort of putting it out there. Look forward to watching more of your great content. Investors are trying to make sense of the markets, in face of conflicting signals, when the Fed gets out of the way, you have a real window and you’ve got to jump through it until then it will be smart to diversify your portfolio like i did in the previous bear market. I invest in ETFs, Mutual Funds and Cryptocurrency my highest profit came from my crypto trading portfolio. <In my view Bitcoin has been one of the best holds during this uncertain market. My Bitcoin portfolio have been on a rise although the rates are capricious wiping out some of my profits i still have about 9.14' btc! worth of crypto assets working with Thomas Fuller signals and strategy. I can take a drop down to 20k and still be doing better than my stock portfolio. <I've stopped buying most stocks, I'm DCA'ing into Bitcoin, and I'm hoarding cash that will go entirely into Bitcoin if there's another good drop📈..
Missed it
I will join your dash as soon as my trade idea subscription is done in about 4 month, I enjoyed your education was part of you pro, but couldn’t afford both trade ideas and you warrior all at the same time back then. Thank you for your continuing education and now at least join the group again in some form. What’s the price anyways?
Nice way to end the month, good job Ross, hope you have a great weekend!😄 You did great sticking to your rules not risking to much I image. Fingers crossed we see continuation into next week of volatile stocks.
Ross have a look at active energy .. 4th July was 0.001 penny a share .. yesterday was 0.075 a share .. so a grands worth got you £75,000 !! Plus 6,000 plus percent ish over the 3 weeks
A tenth of one penny all the way to 7.5 penny a share (Uk stock)
I definatly understand the fear of getting to big on something that almost cant belive my eyes… in what has proven to be a bear market capable of toppling giants… i do wish i could partake in shorting as it seems to be the mirrior strategey as in a bull market… just way higher loss potential… wich is a scary thing when ur broke..
Facts no volume hardly
Facts could change ur life lol
…. i think u trained me to stick to my strategy a lil to well 🤣🤣🤣 proud of myself for making a day one in the game now baby mistake that i ended up bagholding completley locked up ALL week…. seen lots of premarket action on it… sold it off within the first 30 second spike of opening as it did a 60 cent spike but could not input my clunky entry fast enough but was HAPPY i got out on a 30entc geen happy to not be red😁… then watched it climb another 3.50 a share making a new high…. its a weird feeling being happy and mad at the same time 🤣🤣🤣 but omg lookin forard to monday. And bein my first week as a bagholder… i only lost 20 bucks… would be green if it werent for my brokers idustrys highst broker fee thank you for the vid and have a good weekend all
Overtrading 101
Maybe the market is coming back to life. Fingers crossed 🤞
$DWAC was the last one I remember like $HKD, and you were trading it in your pre-market YouTube stream.
Jumped in heavy and made250k on demo acct. if only it were real!
HKD is a GameStop level explosion. Absolutely amazing move.
When u break ur rules u make 14 grand i break my rule this week lost 12 grand just crap
I was about to email you guys about a scanner access, that's kinda rad! I'v watched HKD but did not trade it, it was too wild haha