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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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#daytrading #warriortrading #rosscameron #stocks #learntotrade #premarket #daytradingstrategies #tradingstrategies
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.
️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 everyone. Uh, good afternoon. Hope you guys are doing well. I want to give you a little uh game plan for the week ahead here and walk you through.
kind of what I'm looking at. so I would say We finished last week with some of the best momentum that we've had in quite a while. So it's always important to be able to sort of take the temperature of the market. Is this a hot market? This is a cold market.
When I came in, um when I when I did this recap or sort of week weekly game plan. last week we were looking at Pgy the big move that started last Friday. So if you look at last Friday, that was the day we had this squeeze here up to uh 14 and 17 cents right now. I ended up having a good day on that Friday and I thought okay, we definitely got some action.
We'll see what happens on Monday and on Monday we got. You know, this one was very slow. There were a couple others that popped up but Monday wasn't super hot. but then Tuesday and Wednesday Nice action on Pgy.
Pulled back on Thursday and then Friday. Yesterday this thing went to all-time highs 27.55 So you know Pgy is still in play. uh, going into the new week going into next week Monday. So that's certainly one to keep an eye on.
But what I think what I would encourage is to be recognizing that it seems at least in the last week that Momentum has, uh, sort of. the sentiment has been shifting and momentum has, been picking up. And there were a lot of opportunities Thursday and Friday of last week, which um, I did. Well, I didn't do as well as I could have.
Usually when Momentum starts to pick up either, I'm still pushing really hard because I'm in this mindset of like swing big on everything and when that's the case, usually those first couple trades are taking me out of the hole from being in the red, or I'm being more conservative and I'm leaving some money on the table and that's that was more the case this, uh, Thursday, Friday. But I think we do want to keep an eye on Pgy on Monday. We can also look at the overall market. uh, overall market really strong.
I mean, we've We're rallying back up here to the 200 moving average. And I said that. You know before that this was a magnet. This is a level we're watching for 1744 the 200.
we had some good earnings last week from Amazon and Apple. Those helped big time. You can look at the chart on Amazon. Now I'm not going to try to day trade Amazon, you guys I'm sure know that.
But uh, it is worth being aware of what's going on in the overall market. Apple's back above the 200 because Sport, especially these really really big large cap like mega large cap stocks. They have a pull on the entire market so um, you know. And of course the the market does have to a certain extent a pull on small caps.
The Iwm The Russell 2000 is a small cap index that is up, you know, over 10 off the low. so you know it makes sense that, um, we're starting to see things pick up a little bit. So this is a time to try to capitalize as much as we can on the opportunities. It may slow down again. we may have like one week that's hot and then it slows down again. I mean, I don't know, but I'm you know it's certainly possible. So I'm gonna try to capitalize as much as I can now that things seem like they're um, picking up a little bit. So I think the game plan for Monday morning.
Um, so for for warrior members who are watching this, of course I'll be tuning. I'll be logging in on the early side tomorrow, probably around 6 45. So right at 7 00 Am, we'll open. Um, open up the chat rooms and I'll be looking for some opportunities.
I we may not get anything as early as 7, 00, 7, 30, 8.. it may not be until between 8, 30 and 9. and hey, it's possible. Also, it won't be until you know, Nine, nine thirty, or ten.
And in fact, on Friday I traded all the way until four p.m That was the longest trading day that I've put in quite a while, but the market called for it. So you know. Um, we ended up having a lot of opportunity in the afternoon, but I'm going to sit down a little bit on the earlier side. Uh, we'll see what we have for early momentum, So Pgy is worth keeping on watch as a possible continuation stock.
So I'll have that up on. um. one chart. let's see and there's gonna put on this monitor.
I use this monitor. I sometimes will switch it. Um, from running it on this computer to running it on that computer. So let's see.
Ah, come on there we go. All right. So so Pgy will be on one chart. I? I don't know if that that one, you know.
I'm not really sure. The move on Friday that we got was this really powerful break of V-wap into this squeeze up. Of course that was happening while Hkd was making its epic squeeze. Hkd if you saw my other video, um, obviously.
totally crazy. Insane move. Was that the high right up there at 485? I don't. I mean, who knows.
maybe. Um, that was on lighter volume. That green candle, and then the red volume. The red candle that followed it was on very light volume.
Uh, generally speaking in terms of volume, you've had higher volume green candles and lighter volume red candles. so it is still from a volume profile perspective. Pretty bullish. A little bearish on that one candle.
but aside from that one still pretty strong. Now the problem of course with Uh with trading this stock which I mentioned yesterday or sorry on Friday is that it is a nicely listed stock and you do have the risk that the exchange will actually halt the shares in this stock and ask the company to provide comment. And usually when that happens, short sellers pound it market makers. The resumption from the halt is like, can be 50 lower, 70 lower.
Um, so unfortunately, your risk on this isn't just like, oh, I'm getting in at 485 and my stop is you know, 350 which would be a crazy huge stop. But let's just say you're actually risking potentially back down to like 30 a share, it it ipo'd at seven dollars and eighty cents. So uh, so usually we don't have to think as day traders about risk in terms of the amount of money in the trade. You know you could buy 10 million share, you could buy a billion shares of Amazon, but you're in. You now own an asset. you know, a billion shares of Amazon. You own a big stake in that company and your risk is really just over the next couple of days or weeks. How much could that stock drop? Could it drop 70 percent? Extreme.
Extraordinarily unlikely. I mean, almost. No. I don't want to say impossible, but just that's not something you really have to worry about.
And of course you could hedge that with options. which, um, I'm pretty sure there's no options chain on this one. So, uh, although I didn't check, but I just would assume there isn't. But in any case, um, so I, I wouldn't probably feel comfortable trading Hkd if I traded it.
It's playing with fire. The risk is super super high. You know, you're just even 100 shares. It's Forty thousand dollars.
It's just so much money. A thousand shares. You know, Four hundred thousand dollars. It's a lot of money.
But what we had on Friday was, uh, some true sympathy. Momentum mgam ipod on Friday. So a fresh ipo on Friday and this thing went from uh, well, I guess a low of about 481 up to 15 300 on the ipo. So what you're going to notice is that a lot of these setups are sort of similar.
Pgy recent. It's a merger, special acquisition company merger. so it's kind of like a ipo. Not exactly, but the charts very similar.
Hkd Very similar, right? Ipo: Mgam Very similar and and you still do have some risk. You know when an ipo goes up 300 percent that you're going to have maybe some insiders who don't have a lockout period that will sell some market makers that will exercise warrants and then sell. So there's still things that can happen and you could still have the exchange halt it. But the amount of risk is lower on something like this, which is just at a much lower price.
so capital risk is lower. So this one, uh ended up making impressive move from 588 all the way up to 13. pulls back. false breakout here.
High volume red candle, but then after hours on light volume squeezes higher but then drops four dollars a share on this one candle. So this one sold off pretty hard. Um, but you know the way it looks right now. I would say this is a flat top around 1275.
it looks like it could be a long over that level for a retest of yesterday's high after hours. high Friday's high: 14.89 if it breaks that level, it's blue sky so that one's worth keeping an eye on. Bcac This one, um, was pretty wild. This went from 10 up to 14 and then all the way up to 27 bucks.
Charts: very similar. Recent ipo special acquisition actually I don't know, but this was a very recent stock. It is a special acquisition so you got some action on this one. Um, Charts: a little bit more bearish because of that big sell-off It is on light volume, but if it can get back over 20 uh, first 1750 and then 20 1950, that would be interesting. Getty, that's another one. Um, this has, uh, you know, had a pretty strong day. but I was surprised when Hkd was really ripping that this didn't do much more than it did, so I'm not really sure this one. I'm I'm not as sure about phase F-a-z-e Another recent um ipo type of company hit a high there of after hours of 17 1693 pulled back, but maybe worth watching.
So this is the pattern right now that seems to be really hot and so essentially you know if you have a stock that pops up on the scanners like a, you know, mgam or whatever it is. Uh, M-a-i-a I think was another one. Um, you know, if you have one of these that pop up and you see it's a new ipo, there's a good chance that traders are going to be pretty aggressive buying it in hopes of seeing something similar to Hkd. Now you know this is crazy, but I think there'll be a lot of traders looking for something even a fraction of as good as that.
And so keep a close eye on recent ipos. um, specs, things like that. Those will of course appear on the high day moment scanner, and as soon as you'll get the chart, you'll be able to see what it looks like. These are stocks that are often very hard to borrow, so there's not a lot of shares available if you, even if you want to short them a lot of times, it's not even possible.
so hard to borrow. Very expensive to borrow, may not see much short selling. Um, and Momentum Traders and the Momentum in general can be very, Very powerful. Very very strong.
So worth watching for sure. So you know that gives you a little bit of a rundown of a few to watch for the week ahead. Um, you know I don't spend a lot of time doing watch lists because you know the reality is, you know whatever happens tomorrow happens. I mean, maybe Pgy will sell off to 15 bucks, or maybe it'll go to 30..
I mean, it's just worth keeping an eye on. It's a possible watchlist stock, but the market ultimately will dictate and so in that moment I'll be sitting there trading. But what I did want to at least communicate is that it seems like things, um, may be picking up a bit And so if you've been someone that's been sitting on the sidelines and kind of waiting for things to pick up, you know, these last couple? um, this this last week, these last few trading days we have had some pretty pretty nice opportunities. So um, I'll show you the um, the P L you know that I've had here.
You can see this last last stretch kind of starting to pick up a little bit and if I go back to like January, you'll see, let's see 90 days. Um, you know, kind of got been in this sort of like sideways zone, but you can see we're starting to pull away right here now. Maybe we just pop up and then go back to going kind of sideways. that's possible. but this is kind of like a bull flag breakout. in a way. you know we're starting to see a little bit of a breakout here in my P L. It's starting to move a little bit higher and I think that that, um, is going to be something that we want to watch.
Um, you know, at least in terms of my trading, I'm going to be watching pretty closely to see if I'm starting to stack up bigger green days back to back to back. Then I'm going to start increasing share size. I'm going to try to lean into the momentum size up, you know, throttle up, Get aggressive, Try to capitalize as much as I can on this window of opportunity. August is not typically the hottest time of the year, but uh, this year, having had things been so slow in May and June and early July, it should.
This just may be the timing that we got this big move on Pgy in H uh Kd and that that's going to start this little round of momentum. So I I don't know, I'm not. I'm not totally sure. Um, you know, if tomorrow wasn't the first day of the month, I would probably be more inclined to be super aggressive because how good yesterday was Or Friday? Uh, first day of the month? You want to always be a little bit careful, you're early in the month you don't have a cushion.
but you know if things start to open up and I can catch a couple quick trades and build a cushion and hit my daily goal quickly, then I'll probably start to scale and lean in a little bit more and see if that'll start to open up a bit. So that's kind of what I'm thinking for the week ahead. Um, I I I want to remind you guys that, um, Daytrade Dash is launching tomorrow. Uh, it's going to be early afternoon that we're going to send out the link for those on the wait list to join and you guys are going to get a special discount the way we've the way we're doing it.
on the launch, we're going to invite people to join. For 90 days you'll have 90 days access. Uh, to day Trade Dash, the chat rooms, the scanners, the news feed, and um, I believe the way we've done it is for the those first 90 days you're going to be able to stream my audio video broadcast for free. So that's going to be.
You'll basically pay for the scanners and the news. Um, and the Day Trade Dash platform and the audio video broadcast that typically would be an add-on You'll have that for free for for 90 days and it'll give you a sense of um, you know, how you like it and many, many of you out there on Youtube maybe? um, folks that were former Chat Room only members when we offered that at Warrior and we haven't offered that now in quite a long time. but we're bringing it back. Uh, essentially a sort of variation of it through this platform.
So the link um to be on the um uh wait list is posted in the comments so you guys can check that out. Uh, we're just gonna. We're gonna email out the Um the the offer. It's not gonna be on the website, so if you went to the website right now, you wouldn't be able to make a purchase because we're only bringing on people first from the waitlist and you know this is part of a Um the planned launch to get it out there. Get a good group of people in for the first 90 days, have you guys be giving us feedback of enhancements that you want to see on the platform and take your feedback and have our developers work on that and then as we start to roll it out to the general public and make it more readily available, it's going to be an even better platform. So you guys are getting a bit of a a special here and a discount for being in. Um, you know this. First, this first group of people to join Daytrade Dash And of course, for those that are interested in learning and going through my curriculum and being part of the Premium Warrior Pro membership, Warrior Pro Chat Rooms.
You know you're always welcome to do that, but we understand that that's not for everyone. So anyways, um so that's uh posted here in the in the comments so you guys can check that out so hopefully you'll jump on the um, the wait list there. And I was thinking about doing a a like a free class on Youtube tomorrow after trading is done like around 11 or 12. um, but I wasn't really sure what maybe would be a good topic so I haven't decided.
I haven't finalized it because I haven't decided on what topic I think would be most interesting for people right now. So I have some things that I can kind of quickly put together if I'm pulling something a small section out of one of my classes I've already taught. uh, for something brand new, I'd have to probably put more time into something next week, but if there's something out there that um, you're that you think that you'd really like to hear me, uh, talk about and do a uh, you know, an hour-long 90-minute long class on Feel free to put that in the comments and I'll I'll take some notes on that and if I get to it tomorrow then I'll let you guys know tomorrow morning. Or maybe I'll schedule it for for the week ahead if it's a longer one.
So um, you know level two and things like that? You I have a ton of videos that you guys can check out specifically on level two. Let's see, I can give you a link to um, the one that I just taught this one I actually just taught in in April of this year. So let's see um updated 2022 how to use level two in time and sales while day trading so that one I can give you. I just saw someone post uh, level two so I can just, uh, direct you to check that one out because that one is there.
Um, improving your entries and exits with level two in time and sales. That was another one that I taught earlier this year. Another video that um, I would encourage you guys to check out? Let's see this is one that, um after we had a we had a stretch in the market um where things were really cold and then started to pick back up. and so I said Momentum is back and this was a live a day live trading and I think I finished this day up like 125 000. So uh, you know going back and checking out some of these um type of days could be helpful to see how uh, in the past I've capitalized there's 125 000 on Momentum when things start to pick back up. the stock, peck, you know, went from four dollars up to 14.. So these really crazy moves, halts up, halts down. just wild stuff, you know, if things start to pick up, it's Very.
It's very likely you'll see me trading six or seven or eight different stocks in the course of one day because things are just moving so fast that I'm trying to capitalize on all those opportunities. So anyways, Um, so anyway, so that's kind of the game plan for, um, the week ahead. Possibly class tomorrow around 11 or 12 here on Youtube. I'll keep you guys posted on that, but definitely.
Morning show starting between you know, 8, 30 and 9. Warrior members broadcast will start earlier round seven, so we'll trade some earlier momentum if there's some action. and uh, folks on the waitlist for Dash, you can expect a link in the early afternoon uh to join and then you'll be able to log in first thing on Tuesday morning. All right.
So that's the game plan for the week ahead. Thank you guys for tuning in and reminder. As always, trading is risky and my results are not typical so make sure you take it slow. If you want to check out those two other videos, I'll put the link for level two and the link for Momo is back right here and you guys can check those out All right.
See you back at it tomorrow morning.
Thank you Ross, for this very helpful and actionable game plan and overview!
would like to see a class on choosing which exchange or ecn to route your orders thru
hi Ross and thank you for all the value that you bring to this channel, like others i also want to know more about your order execution and how you set your limit orders, like what is the off set amount? mine is currently with 5 cents off set, also would love to know about your hotkeys cause getting in and out of the order and getting filled quick is a key factor, cheers coach!
Chứng khoán tháng 8 tăng mạnh đúng không các chuyên gia?
Hi Ross, Level 2 would be a great lesson.
So nyse will halt for comment, does nasdaq do that?
When your said these stocks are hard to borrow what stocks were u referring to? New ipo?
Tuesday will be good =)
You talked about dark pools but never really indicated how to navigate them successfully. Maybe how to use L2 and TOS to tune into the algo tricks and how to capitalize on them. Also, why is L2 still relevant since more and more trading is in dark pools which aren't reflected in L2 even though they are the high volume trades.
i am looking at IMPP and wondering how it has so many opening short positions- how do they get those shares? Basically a nobrainer ticket to reduce the company to null….
Hi Ross! as always thank for the really great information. it would be cool for a free class that is explain what are those good and bad Breaking news and how to respond fast when their appear 😀 would be so cool…
What about tblt ?
risk management plz
I thought you don’t monetize your YouTube? I am getting adverts in the middle of the video
im not sure what you should teach tomorrow, but i think you are ahead of your time.
i know the major youtube personalities dont like to call each other out, but they definitely know who they are.
i come here, because this is the only channel i can find, where, the tone doesn't feel "day-tradey." i don't think thats an actual word, but i hope the point is clear.
there's something about your approach, that makes the whole arena feel more like an admirable skillset, than a gimmick.
That SANP Guy is Dreaming. A Nightmare.
I'm no longer waiting for the stimulus check
because I earn $32,670 every 14-16 day's recently 🚀
Do the class on IPO Trading !
One thing I've been wondering about for months is how you buy into a stock. I know you place limit orders, but with a stock taking off, how do you get in for the right price without not getting filled and how do you place a stop at the same time to prevent a massive lost, I would love a class on that if you ever had the time. Love you channel, keep up the good work, God Bless!
Ross I know day trading is risky takes along time to just get the hang of things to be profiable. Now you know my mind set for trading the stock market. Sorry Ross I have this question, you were talking about adding and removing liquidity from a stock this past Monday. I understand the "maker" or "taker" of Liquidity. Your a taker when you buy on the ask and sell on the bid. Its the oppisite for being a maker. This might sound like a silly question but why does the stock jump up in value still when buying on the ask? Less shares more demand or Is it because When buying demand overwhelms selling supply, prices tend to rise. When selling pressure overwhelms willing buyers, prices tend to fall. Thank you Ross for the weekend update!
Can you start streaming live earlier than 9:00am on Monday
I love your video Ross , It's very interesting and very helpful for new trader's . 1 question Ross what is the new indicator that you are using on your 1 min charts .
I’d like to see a video on after you have made money trading we’re to invest for long term
should we choose a better platform to use before making big money,. I.E. using a broker or not.
Thanks Ross you r awesome 😎
Hey ross 👋
Are IPO dates of new companies public information?
Ross with Day Trade Dash, is it a better, cheaper alternative to Benzinga?
Hi Ross, what about a how to swing trade an IPO if possible since theres not much chart data for those….