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Warrior Trading // Ross Cameron // Day Trade Warrior

All right Monday morning back in the saddle I Had intentions of sitting down at 700 a.m. this morning, but when my alarm went off bright and early, I was like I don't know So I rolled over and I thought, you know what? Let me just check the scans. let me just see how things are looking. So this is something I do pretty much every day.

Anyways, before I come over to my office I check on my phone. uh, the scans. So we of course at Warrior trading we're running the scans right in inside the platform so you can load it if you want from your phone and then I can check uh, the top Gap scan so that's what I did. So I checked the top Gap scan right there on my phone.

it's just in a browser window like Safari or whatever. So I check it and I'm like okay and what I saw initially was harp HP up 110% and I was like okay, it's $22 stock All right. So then you know I flip over inside the same platform and I pull up the chart. so I pull up CH I I type in harp I press enter and I'm looking at the chart and I'm like wait a second.

Um, you know that that looks like it's probably a buyout, right? You could see the chart. it's just going sideways. so I'll pull up the chart here too. But so I saw that and then I Che I just confirmed it I I was like, well let me just make sure.

Um, so I I pull up the news on it. Uh again, you know, right on my phone and I'm like, oh yep, okay, it's an acquisition. um by Mark So I've got the news headline right there. so I'm like so basically on my phone I'm I'm starting to sort of build out a watch list or a case for should I get out of bed and so top gaps.

Um so Harp was the leader and then there were a couple others am am that's also buyout? Uh, spec I pulled the chart up on that. The problem with that one? we can. We can flip over to look at the charts here and I'll pop my Um video back up for you. Let's see there it is.

so so yeah. So Harp, this was a buyout so that's trading more or less sideways. Um, Amam is also buyout that's trading sideways. Efsh is a reverse split.

Uh, but that's the only news is that it's a reverse split so you know. and I can't really see the daily chart on this. um at all. One of the problems here with my um, you know because I'm still doing the small account challenge of course.

So I the bottom part of this screen is basically cut off. so I can't see the daily chart on this at all. Um I can guess because I can't see it that it's low. but that's all.

I Also can't read this very well by the way. Uh, today's trades. So I traded in my main account today and that's this. This recap is my main account and the only stock I traded was AC and I did well on it, but I didn't start trading it until it was breaking back over Vwap.

My first trades on it were in the small account so I started the day focusing small account, seeing if I could just hit kind of my daily goal in the small account and and then put that to the side and switch to the main account. If there are times when I'll try to trade in both accounts at the same time, that is difficult I have to have a whole lot of conviction in the setup to basically buy here and then buy over here and kind of be holding both. so I don't always do that. it sort of.
it's Case by case I guess. But anyways. So um, so unfortunately the daily chart I can't see very well but I can you know I can kind of move it around and then I can see it better. So I knew it was a reverse split and has a history.

The stock of doing these splits way below the 200 but without a stronger Catalyst I Didn't think that there was anything really to trade there. So and this right now is a Top Gainers scanner. I'm going to switch to Top Gappers and this is a picture in time of what the market looked like at 9:30 so efsh you could see it had basically no volume acon. I'll show you that one in a second harp yeah but it's a buy out am Am Yeah, but it's a buyout spec.

So the thing was spec and I'm going to link this um with my other windows here so I can click on it and it'll update and it'll update the news right here. So the thing with spec is that. um, it had this pop at like 6:30 and came pretty much all the way back down so it almost felt like a round trip. You know it really didn't hold up very well under Vwap.

fade breaks over Vwap breaks below it. so this just wasn't interesting to me. and the level two on is very thickly traded. It now has 30 million shares of volume and it's just it's not an easy one to trade.

so Spec is um, off the list. Didn't like that one and so ultimately it came down to well. Acon is the most obvious. So let's break this one down.

Um, when it first hit my scans it was it was at like $3 Uh, it was way down here. was at like $3.30 Hit my scans early but I was like well I traded this one last week and uh I think it was this day right here on Thursday and I lost on it I'm almost positive I lost on it. my memory: My recollection when I pulled it up was like H not this stock again. So yeah I don't I don't really I don't remember my trades on it.

but that was my recollection I was like not this one again and I didn't see the news yet. but I saw it was spiking up and it was right at 8: a.m. So I kind of thought it probably has news, but you know we had just seen this reversal on spec where it popped up and dropped down I'd seen that on another one and I was like I don't know if I want to jump in it. Now the problem with this stock.

for those of you that are also following my small account challenge is that because it was below $5 I had no leverage on it so I wasn't able to take you know a th000 or 2,000 shares. I was only able to buy like 300 shares and so I I was nervous because I didn't want to get in right here and then have it flush. So my first trades on it. um, there was a pull back here.

a pull back here. a pull back here. Uh, and I I did Let's see one two three one two three four. I think I took four trades on it.
Anyways, I'm not going to break all those down here because I'll cover that in my small account recap. Uh, but but I did trade it on this move up and I'm green on it which is fine, but um, but but it was hard to make a lot of money because I couldn't take Big Share size so that held me back quite a bit. Uh, anyways, it sells off breaks below Vwap. It really sold off pretty hard here, from six all the way down to five and that's kind of going sideways at this point.

I Thought: if it comes back up to Vwap, it's probably going to reject. It's probably going to fade off Vwap, but it busted through right here. It pops up to 79, it pulls back and then it comes up and I'm like I'm going to take a trade on this. So I traded this in my main account right there.

That was my first trade. th000 bucks. Okay, so $1,000 right in there. Good that breaks the ice.

Then we had, um, this pull back to a popup here and on this one I traded it again and I made another $400 I got myself up to around 1,800 bucks on the day and then I took this trade and it got rejected and I was up now 1,300 on the day. So you know I didn't love this rejection. but when it came back up, I was like no, I'll trade it again, it rejected again and then it's still hanging out and holding Vwap. but I didn't feel confident enough to buy it here because I thought at any moment it could just drop.

Anyways, once it starts curling away I got back in at about 650 it goes up to 669. Wasn't a great trade right? kind of goes up a little bit but didn't really pull away, drops back down and then I got back in. let's see where was it. Um, my last trade on this was yeah, it was I got in at 6 um 658 and that was around 9.

Okay, so it's was right. this was my last trade so I got in um again right here about 650 and I took profit on this move up to 7 and that was with 6,000 shares and that put me up now 2,700 on the day. So that was like a $1300 winner. $1,500 winner Again, just small stuff.

Um, it came back up basically to the double top which I thought maybe would break but it wasn't able to. Some of the things on the daily chart I was paying attention to even though it's impossible to see the daily chart, my monitor I move it around I was aware of resistance at 740 the high of this red candle under the 200 moving average which is at 828. so some resistance there, you know on the upside. um and then from the the news Catalyst by itself it was kind of funny because the Catalyst was that, um, they execute a strategic partnership agreement but this was following the previously signed, nonb nonbinding letter of intent.

So they signed the agreement that had already been announced. That's not really I mean I don't want to be overanalyzing the news because ultimately the chart patterns is what's number one. But as it was coming up, I was like I don't know if this news is super strong. Plus we have this resistance H I think maybe I better just steer clear of it.
uh in terms of overtrading it. So I traded. Uh, basically up until well I took one more trade which was a th shares buying a dip at six. it didn't bounce I stopped out for $100 loss.

Uh, not a big deal I Thought maybe it would spring off of Vwap and come back up, but it drops down and it just kept going lower. So you know there were trades on this. uh for sure to be had, but it was a little tricky, a little choppy and not a huge winner. but you know at the end of the day it's green I am green traded this? Uh, only had maybe two losses I had the $100 loss here and then I had the $400 loss or whatever it was on that um, rejection at like 615 that dropped back down to six.

So two losses on it. but uh, maybe four, three, or four winners. So kind of nice. Steady steady gains today.

Nothing huge and in terms of my rating for today, um, this was like the only stock that was really strong I felt um you know we we have seen a couple other since the open that have moved a little bit but uh, you know we had one strong stock that's better than we had on Friday on Friday it was just chop so Friday I gave a score of a two and some people thought I was being generous. I would say today is more in the range of a three to a four. Um, we did have a 100% move and that was solid. It was a nice move I didn't make as much on it, partly because I was focusing on the small account and then I took on trades in the big account.

If I'd been trading in the big account the whole time, I'd probably be up close to five grand. I would think so so I think today could have been, you know I I think today because we had one good setup I felt like it was. you know once I saw it moving and it was obvious obvious stock leading, gapper clean. I was like today.

feels like you know, maybe a four, even a five? Let's see what happens. So not bad, not phenomenal, but not bad. The only thing that would have been nice is if obviously this had a better daily chart. uh, with a bit more potential if the news quality was a little stronger so you know could have been better.

The the bulk of the move was in one candle, pretty much two candles and then dropped down rallied back up. So I don't know, you know I I'd say today's like a three or four. Um, that's kind of where it is now and for me I wanted to be consistent and just lock up the profit and not overstay my welcome I Feel like some of my losses last week came from just over overtrading. You know, take getting some profit on the leading Gainer gapper and then just chasing and trading some lower quality setups as the day went on.

So like this: NX Uh nktx You know it's a grinder. it is grinding higher. It's up $2 a share. Uh, but the thing with this one is it's easy toy.
It's got a higher float, it's a bit more of a grinder and you know it's moving on. slightly lighter volume and I just don't want to I just don't want to overstay my welcome so you know, little flush there, kind of grinding higher I think I just have to be very disciplined about taking the profit off the table and living to trade another day. So that's where I'm at here to start the week. That's a good start to the week.

Really, that's great. So shutting it down. Closing: Um I'm going to close my trading platform I'm not going to come back until tomorrow I'm not even going to look at stocks for the rest of the day. I Don't care what they do, it doesn't matter.

I'm done. So shutting it down, Walking away and we back at it first thing tomorrow morning. All right. Reminder: As always, trading is risky.

My results aren't typical, and there's no guarantee you'll find success whether you trade with me or you learn on your own. So manage your risk, trade cautiously and I'll see you back here first thing tomorrow morning.

By Stock Chat

where the coffee is hot and so is the chat

31 thoughts on “The one obvious stock today”
  1. Avataaar/Circle Created with python_avatars @SupremeClientele says:

    Worst day of my career…$2k loss…

  2. Avataaar/Circle Created with python_avatars @capitaldd3693 says:

    Anyone looking at ADP today…? Looks to be trending up….👀

  3. Avataaar/Circle Created with python_avatars @lukejones108 says:

    Hello Ross thanks for the recaps I often trade the same stocks as you so I’m doing something right but I live in uk and work nights so I can trade the day. The issue I’m having is by the time I sleep I can only really trade then 9.30 open and the market only seems to fade from this point I’m at 30-40% which keeps me just around break even. In your opinion do I need to change my day and trade pre market. Also I can only place trades pre market with limit orders is that normal pls pls pls help

  4. Avataaar/Circle Created with python_avatars @lynnlynn1293 says:

    MCRB

  5. Avataaar/Circle Created with python_avatars @pumix says:

    Hi Ross, it would be awesome if you could go further into detail on how you gauged where to enter and exit ACON as it was trending up. It's something I struggle with constantly

  6. Avataaar/Circle Created with python_avatars @Ed-ix2vk says:

    The consistency of these vids are great such an inspiration pre-market, thanks for your dedication.

  7. Avataaar/Circle Created with python_avatars @abigailbrowning9502 says:

    ACON 6.50 club here. +$0.19/share grab and go.

  8. Avataaar/Circle Created with python_avatars @maybefuture_youtuber2655 says:

    what do you think about trading on the daily chart? Have you ever tried this?

  9. Avataaar/Circle Created with python_avatars @mgomez34 says:

    Appreciate your candidacy

  10. Avataaar/Circle Created with python_avatars @jonsproule says:

    stick to day drinking

  11. Avataaar/Circle Created with python_avatars @addertooth1 says:

    Not a good pre-session for me, but then, I was already getting ready for work by the time ACON would have appeared on my scanner. Pre-ACON, I would have rated the morning a 1 or a 2.

  12. Avataaar/Circle Created with python_avatars @seanf1992 says:

    Great stuff!

  13. Avataaar/Circle Created with python_avatars @KMTM1124 says:

    $ACON.. agree the news was not that positive..was double in price premarket already.. but as it was grinding sideways before the opening bell, if you would have switched to a larger time frame you would have seen a gravestone doji. That prompted me to stay out of the trade upon the open.

  14. Avataaar/Circle Created with python_avatars @jameswhill8549 says:

    I love how you explain your thoughts about each step. It really helps. Thank you.

  15. Avataaar/Circle Created with python_avatars @Ngryn says:

    HARP @ $11+ increase……thought you'd be all over that…..

  16. Avataaar/Circle Created with python_avatars @Stairsgoup says:

    Please god fix that cracked freaking monitor. You have millions of dollars….

  17. Avataaar/Circle Created with python_avatars @judethedude5672 says:

    Do you not like trading stocks that are easy to borrow? If not why wouldn't you? These are the ones I trade most.

  18. Avataaar/Circle Created with python_avatars @pilotnamealreadytaken6035 says:

    Watching Ross go over these trades makes me wonder if I'm actually wanting to day trade.

    I think of what I do as more of scalping. Right now I'm holding stocks till they go up… can't trade for a few days.

    What are the other trading accounts that don't have the 25k rule?
    ^ link me a referral to sign up for a foreign account 🤜🤛

  19. Avataaar/Circle Created with python_avatars @miccapone13 says:

    You are an inspiration, thanks for what you do

  20. Avataaar/Circle Created with python_avatars @pilotnamealreadytaken6035 says:

    Nice work.

    I'm sitting on wearables and alt till they go up. I'm out of trades for a few days anyways

  21. Avataaar/Circle Created with python_avatars @CodeWhat says:

    Can you offer the live stream as stand alone offer ?

  22. Avataaar/Circle Created with python_avatars @GolemJoker says:

    How are those CMEG fees looking Ross? CMEG emailed that they are charging $2.95 per execution (not trade) to a max of 12.99 one way. So if a 1000 share buy takes 5 separate fills it’s going to cost 12.99. Confirmed that the worst a ROUND trip can cost is $25.98!! Thats crazy

  23. Avataaar/Circle Created with python_avatars @wizzyoflegend2947 says:

    you said you're trading with a international margin account, what broker did you use that has that type of account?????

  24. Avataaar/Circle Created with python_avatars @gabakbusiness says:

    if you think it is going to drop why dont you short it?

  25. Avataaar/Circle Created with python_avatars @russcarefoot7235 says:

    I Really LOVE ur ATTITUDE, reminds me of myself 25 yrs ago. I won't say I agree totally with you, but pretty dang close…Glad I found this place!!

  26. Avataaar/Circle Created with python_avatars @johnjohnson1313 says:

    LOL "Should I even get out of bed". I know the feeling.

  27. Avataaar/Circle Created with python_avatars @sinfuldavy0 says:

    Did ACON meet your metrics?

  28. Avataaar/Circle Created with python_avatars @DeplorableKulak-vp8ej says:

    I saw ACON late no trade day😏

  29. Avataaar/Circle Created with python_avatars @DeplorableKulak-vp8ej says:

    THANK YOU ROSS.😊

  30. Avataaar/Circle Created with python_avatars @ricardopineda2074 says:

    Hi Ross, ummm Following the rules in the scanner (in tradingview) and arriving too late on those stocks, definetly experience is the diference and I would like to execute a short position but IB does not allow me. I am frustrated, do you have other criteria to scanning, last 2 days nothing and defintly I have to wake up at 4am CT to have a luck, what do you think?

  31. Avataaar/Circle Created with python_avatars @ITSNOTJACK7 says:

    as long as the market is choppy im ok with me oversleeped this morning. fomo is a bi ya ch

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