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#daytrading #warriortrading #rosscameron #stocks #learntotrade
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 we're going to go over the trades from today, finishing the week Friday with a red day. But good news is I hit my goal today. Wait a second.
How can I hit my goal and be red? My goal is not about how much I make. My goal is to maintain calm, cool, collected composure. It's to not spiral and I didn't spiral today I'm down 600 bucks. It's no big deal, it's not a big deal.
So I actually had two red days this week and they were were both small red days and I had three green days and they were decent green days. So it's a green week. It's a green month right now. Life is good.
But let's look at today's trades. So today as I sat down this morning, uh boy, it was tough because our leading gapper was only 38% Right now, our leading gainer in the entire market right now is 38% The market should be ashamed of itself. This is pathetic. This is a tiny gapper, so the fact is, there was not a lot to trade now.
I could have not traded at all and that actually would have been I Suppose the better move I traded three stocks I'm green on one and red on the other two down $672 and my first trade was on Roma which you know is this Chinese IPO which I didn't even I really didn't like, didn't really trust it. made some money on it yesterday. gave back that profit today, but you know, whatever. So the this morning nothing was looking good and I guess I'll just open up my Gap scanner here and show you what it looked like pre-market So this is what the scan looked like pre-market uh, leading gapper was Auvi at 25% Okay, it tried a little move but look at this rejection right there to there.
that's gross. so really choppy. It popped up early and I was like nope, don't like it. didn't trade it AER up 19% there's nothing there.
there was nothing there that one's not interesting either U MD this one I considered but it just couldn't hold up. Uh, you know kind of made this move actually. no sorry I did take a trade on it at the open I considered it pre-market and I didn't take any trades on it right in here at the open. it broke through here and I got in at 350.
Uh I got profit at 355 and then I added back on the dip. So let me get this one minute chart so you can see it more clearly. Okay so so on this one, um I got in at 350 I took profit at 365 and I was up like 300 bucks small share size. Then I got back in at 350 thinking it would hold support at the half dollar and then we would you know curl back up.
Anyways, it flushes down to 330 and I stopped out and went red. so down 239 on MDI No big deal but yeah, so that's that. and then Roma you can see here is up 13% So my trade on this one was uh was it pre-market or right at the open I think it was pre-market Yeah so it pops up here and I was like okay here we go. we got something moving and at that moment this was the only thing moving and it I was like okay here we go.
So I got in at five and then just kind of stalled out there anyways I stopped out as it dropped back down and lost 800 bucks. uh you know I probably bought too many shares of it I started with 2,000 but I add added until I had 10,000 I think I was just like you know all I need to get is 105. I'll have one little trade and that'll be it. But anyways lost 800 on that one. so that put me in the red 800 on the day and then I had the next trade was on Nexi Nxi. so this one you know I've traded it a few times. um in the last couple weeks because it's been moving. This morning we had this ascending a descending resistance line.
It broke over that and as it squeezed up I got in at 13 it went up to 1346 made 400 bucks on it. Kind of a small winner. Um, it's 46 Cent move but sort of a small winner. Then It reversed and ended up selling off.
so not really. not really a great trade, but made $410 on that I guess um and then so at that point I was down 400 on the day and then I had that final trade on Mdai I gave today a rating of a zero when I first sat down because the leading gapper was like 28% and then I was like okay, maybe I can give it a one because there's a couple of stocks moving I just don't really like them, but there are some stocks moving. but today was a very low rating. Uh, let me refer to yesterday.
so let's see yesterday: I rated as a two. Uh, yesterday was a two. today's a one so it's Friday lead. I'm going to note here: leading gapper.
Uh, only 30% Yesterday the leading gapper was only 33% so yesterday wasn't great either. But we did end up getting some moves as the day went on. today. that wasn't really the case.
Gmbl popped up, but it just popped in Reverse it was very short-lived Um so and on light volume I don't know. Kind of hard to trade that. So in the last this week, let's see. Monday was a four.
Uh, Tuesday was a two, Wednesday was a two to a three, Tuesday was Thursday was a two and then Friday was a one. Uh, so it's been slow and we're kind of in between big moves. The last big move that we had was on Lbph last week. Uh, it was like last Tuesday This one squeezed up here all the way up to from you know, well the day before it was at 8 and it goes up to 25.
But yeah, it's been. um, it's been like a little while since we had a really big move on anything back in. December About a month ago we had some nice moves on a couple of stocks. Um, it was Vvos and a couple others.
Let's see what those charts are looking like now. So yeah, this one had this day here. This was this was a big day, right? So this triggered some real momentum for the next couple weeks. But it's been a little while since we saw a candle like that.
So I'm kind of waiting for, you know, the next day like that. And the thing that I said today was listen, you know I'm I'm down 400 bucks, 500, 600 whatever is today. The day I should push it. And the answer was definitely no.
The Gap scanner is not good today. The Gainer scanner is not any better. We don't have anything really moving. Save it. save that risk. Don't worry about it. it's a small loss today. There is no point in pushing hard to try to make it back on a day like today.
So you know, step back, slow down and come back on a day when it's hot. On a day when it's hot. that's the day to dig deep and lean in. So the thing is, you know you know an au Uvi or something like that, you just never know.
Like maybe later in the afternoon we will get something that makes a move. what I kind of suspect will happen and I don't think it's going to happen today. but what I expect will happen is you know we'll have a stock that was sort of blah premarket but it doesn't give up and then sort of into the afternoon it starts creeping just like a little higher and then we start to get that squeeze and it pulls away and that probably what probably be what starts the next round. I That's my guess because it's going to kind of catch people off guard.
people are going to be surprised and um, and that's it's going to trigger some Fomo. But it's also possible that we'll just have something pre-market that's super strong and just goes really high. The only problem with that is a lot of those really big pre-market moves. As awesome as they are a lot of times by the time the Bell Rings they fade, we haven't had a really good one like that that has then gone another2 300% when the bell rings, you know we kind of have the big move pre-market and then it's like over when the bell rings.
So I'd like to see a big move, pre-market pullback and then even higher. but you know it could be big boo pre-market B sideways and then kind of curling and then straight up. We did have something like that not that long ago like November December So yeah. so for right now, um, kind of a a slow day, just not a lot that that looked good.
and I saw some people that did get some trades on MD Mdai Auvi um some net trades on Nexi. those were fine. Couple people got trades on Gmbl. there was another one in here I saw people talking about.
there were a couple of penny stocks that were moving that some people were talking about, but of course I didn't trade those grts a little bit more of a grinder. Some of the crypto stocks uh, people have been focusing on quite a bit this week with the Bitcoin ETF but um, but right now a little bit of a pullback. uh I guess Bitcoin's been pulling back as well I I Really don't pay attention to cryptocurrencies, but um I know that they've been. They've been talked about quite a bit.
So overall, Market uh. yesterday we had um CPI numbers come out so you can see right at 8:30 Yesterday morning, the market kind of popped and then dropped and then kind of came up and then sold off during the day. Rallied back up. Closed.
You know, definely lower than than yesterday's uh, open, but but not down too much. today. we're You know, kind of sideways. Right now. we sort of moved up. came back down. Nothing too exciting here. So overall, Market On the daily chart hanging out near the highs, you know it's not terrific that the CPI number came in a little higher than Um anticipated, just because the market is basically hovering at the highs.
But you know, obviously investors want inflation to go down so interest rates can go down. and I know that a lot of people correlate a decrease in interest rates with recessionary periods because historically the Federal Reserve has dropped interest rates during recessions in order to spur the economy. In this case, we had something very different happen, which was they increased interest rates to slow down the economy. And now lending is very expensive.
and it's been tough for a lot of big businesses that depend on lending for growing their businesses. It's been tough for a lot of the Venture Capital firms startups, especially. It's been hard for Real Estate So getting in back into an environment where money is cheaper to borrow um, actually certainly would stimulate the economy. The risk is that it would also, um, it could send inflation back up right? because then people have disposable income and can start buying stuff so it's delicate balance.
And right now when we get those CPI numbers, the market watches them really closely because people are, you know they want to see inflation's coming down. Which means the Market's recovering and well, which means the economy is going to be soon recovering as we're able to go into a a environment where money is easy to borrow, but you know it's not going to happen overnight. So anyways, uh, that's that's kind of where I'm at here for the end of the week. Markets closed on Monday We've got a market holiday Luther King So uh, Market's closed on Monday and we'll be back at it on Tuesday As I mentioned, you know we have there about 10 15 Market holidays each year.
so you know every four to five weeks, four to six weeks we've got another market holiday. So this is giving us a long weekend, which again is not surprising why it's a little slow today. Friday Going into a long weekend, no one wants to take trades that they're going to hold until Monday So swing Traders are maybe cashing out getting out of the way day Traders No one wants to take a huge loss before the long weekend, so people are being a little more conservative and then probably not a lot of companies putting out a lot of great news before the long weekend where it just gets kind of buried and forgotten. So hopefully we see some good headlines early next week and we can get next week off to a good start.
But you know short weeks are always a little funny. So Tuesday Wednesday Thursday Friday Hopefully we see some good action so that's it for me. I'll remind you as always that trading is risk. My results aren't typical, so manage your risk, take it slow and practice a simulator if you haven't already. checked out episode two of my small Account Challenge. It is uploaded so you can check that out. It'll be posted right here and uh I appreciate you guys hitting the thumbs up on that video because I'm trying to get 10,000 thumbs up! So I can uh unlock my newest piece of inventory which will be a new monitor to replace this one right here which as you can see is broken and is now flickering along in the middle which is, uh, terribly distracting. So I hope you guys have a great weekend and I'll see you back here on Tuesday morning.
Thanks for sharing
Hi Ross, What moving averages do you use alongside VWAP?
I didn't have any red days last week, but I 'did' experience a lot of red trades and had to fight really hard to get back into the green… with extremely low numbers being the end result. I don't usually trade stocks that are flat, and this is why, however. I was curious as to how it would go if I tried and played my best game. I wouldn't advise it. Sideways action is dangerous.
On the nail Ross with AUVI, it then gained, even halted, an extra $2 up going into Fridays' close, missed the main move, small red chasing the choppy top, followed the pull back even into After Hours, a small repreive, from earlier premarket Small Green to closing Small Red : Somebody though is definitely smiling going into the Long Weekend, nice move ( Ireland ) : ]
Good!
Just way too many new small cap traders going to the short side. It’s obviously more profitable in this market
I love your attitude!!
@warrior trading You were right about AUVI popping in the afternoon. It exploded from ~ 3.17 to ~4.50 about an hour before close.
I trade most stocks if they're quality, have no 'bad' news, and I can see they're moving up. Even in a 'down' day there are tradeable retracements. All week I track my list of stocks to find oversold items or positive news. I track gappers and other movers as well. It's always great to get breakouts, but it's just as good longterm to simply get profit. Right now with T+2 there are about 1,300 trading days in ten years. $1k getting only 2% each day grosses $1.5 trillion at that rate with little effort since the grow per day is small. On May 28, 2024 the US changes to T+1 which reults in about 2450 trades in 10 years… Exponentially increasing wealth over time and requiring less risk to get it. $100 traded at 2% each trade would gross enough to make Musk look poor by comparison. Even 1%/trade would make Musk look like a pauper compounded over ten years. The idea isn't to get as much as possible as fast as possible, it's to create financial freedom and to grow wealth. Sticking with getting only $5K per trade 10 times per month should make anyone happy because normal living expenses are much lower. Slow and steady wins the race.
I really appreciate these videos you make! Thank you
You’ve said – know the setup that works for you and trade that setup – sitting on my hands until my setup shows… as you said the market was pathetic – thank you for all you do!
Made a nice lil profit on AUVI, had to hold until it squeezed around 3pm so I was sweating until then
I took my biggest loss of 1800. I was basically even the day before and had many opportunities to get out earlier. Lesson learned.
made a small profit on aert and mdai and then lost half on a seconde trade with aert so i decided to stop it there befor going red.
I'm only paper trading and I "spiralled" twice last week.
Thanks for this breakdown nice to see your perspective
There are those days where IMHO you should not trade. Poor Volume and Velocity yesterday, and it was a Friday. So I spent the day with the Family. If the market doesn't 'took right don't force a trade. Spend that time on analysis. It pays off!
Once again, I always appreciate your daily postings. This morning there were very few opportunities available. I agree with the 1ish rating. Nothing gapped significantly. I am normally looking for stocks AT LEAST going up dimes per minute, but most were doing pennies per minute at best, with a lot of chop. This annoyed me because I only have a total of 2 hours to trade in the morning before going to work. I logged in at 0700 and waited till 0803 to do my first trade on AERT. After purchase of AERT, its price started to dip, and I tried to sell it at a net loss of 2 cents per share, but the price had dipped below that. Then the SELL order was cancelled, and "wanted" to set my sell order at the now (much lower) current price…. but…
I did a fat finger and did a "buy 1000 shares instead". This ended up being lucky to get it so cheap, and the price climbed back up above my initial purchase price. I sold the total of 2000 shares at a small profit. This could have been a very expensive unforced error had it gone the other way. Luck is not a strategy.
Then I sat on my hands for another 40 minutes and bought into MDAI at 0843. (At this point I had burned through 1 hour 40 minutes of my 2-hour trading window just "waiting".) About sixty seconds later it was sold for a very modest profit. I had one more trade which gave very small profit. I jumped in again on MDAI after waiting about 15 minutes, and it dipped after purchase. When it rose to 1 penny per share over buy price, I sold. Then MDAI dumped and did not recover after that.
There were no Gold or Silver opportunities this morning for me. They were all 1 to 5 cent per share gains for me. This was not a morning to be swinging for the fence. This was a morning to cut your losses very fast, once your plan BEGINS to fall apart.
Still, 4 good trades, no losing trades, guess I will be happy with that.
I sure wish we could have another "swing for the fence day". I had a serious unforced error day earlier this week, and want to get back to profitable for the year.
Haha ive been red since the start of the year. I dont day trade. I gues they would be swing trades. I buy and hold for a month or two, or longer.. I own quite a bit of cleanspark, and riot. And ot hurts
Literally predicted Auvi, down to a tee.
Hey, your prediction was right with AUVI.
Nshshsh
At 5am I bought AUVI at $2.95 and sold it at 3pm for $4.90
I predicted that SPY/QQQ bottom reversal end of october. I predicted the bottom price target November of 2021. everyone laughed at me… who is laughing now? Sonnnn
Ending the week 5/5 green days.. however, today was odd.. hit a quickie at open.. really good trade.. hit a second really good trade.. then i jump off and call it good. But QQQ was moving with some volatility and i kept trying to walk back to the computer and setup trades.. i hesitated 9 times on 9 big big big plays… why did i hesitate? Well i kept saying "ahh i dont wanna give back any profts" …. do you think thats good or bad behavior? Each of those 9 hesitations were on point trade ideas.. coming in .01 on each entry and target… idk hard to tell..
Holler at me…
O boy)) lost most of my gains from yesterday today on SYT. ROmA was good to me yesterday 🙌
I need a tutor
Thanks!!