12/7/2020 - LIVE Day Trading Morning Show with Ross Cameron

yesterday when i came on and um did a little live stream while i was driving home from philadelphia i said this morning i would do a um a special demo so we're doing something a little different here i was gonna do this on friday but i ended up having to um having to go away for the weekend so anyways we're doing it on monday morning here which is fine so what we decided to do is extend our cyber monday coupon code uh until today it was going to end on friday after i did the demo friday night but we're going to end it today so you guys have one last opportunity to join the classes if you'd like and i'm going to kind of walk you through what it's like to be a member here during the demo we're going to do a little qa so i have the chat feed up so those you guys who have questions about what it's like to be a student feel free to ask them and um yeah we're going to jump in here so this will extend into the morning show so basically we're just starting the morning show a little early so i can give you guys a little demo and then you know we'll um we'll continue from there and let me just get myself logged in here so i can see your chat comments uh those you guys getting tuned in make sure you hit the thumbs up if you haven't already okay so why don't i give you why don't we start with the quick demo until i see any questions pop up of uh logging into our members dashboard so i'm gonna go let's see i'm gonna log out here so i'm gonna log out so this right here is the members dashboard all right so if you join the community today let's say through the cyber monday sale um when you sign up you'll of course sign up with your email address and you'll set a password you'll use that password to log into the member's dashboard right up here is the sign in sign out button in the top corner so when you log in this is what you're first looking at this is your members dashboard on the left you've got your live trading rooms right here you've got the trading simulator so you can practice trading right here you've got the educational classes and right here on the far right you've got your mentor sessions so this is how it's broken down when you first get logged in for warrior pro students you'll have access to everything that's on here you'll have access to the full you know everything we have here at warrior now let me just uh i'm going to open the simulator in just a second for you guys let's see where is it okay it's right there all right so why don't we start with um we can start with the trading room so the live rooms are right here we've got the small cap room the large cap room and then we have a support room so i'm gonna log into the large cap room and i'm going to open this in a new tab right here so it's going to bring me to this page which asks me if i've read the rules and using the right browser et cetera et cetera and then i'm going to go ahead and click enter so this is going to load our chat room software we accept the disclaimer of course the trading is risky if you didn't already know that this is not buy sell recommendations this is educational only and here is i'm logged into the room in the last kind of layout from when i logged out all right so what you see here are my scanners these are the scanners right in the window and this is the small cap chat room right now we've got about 978 students uh online right now um so hey tm i mentioned earlier i'm doing a demo for students traders on youtube then i'll start live streaming here for the watch list around 8 30 8 45. all right so um so to get you guys kind of oriented with the chat room this is the chat room right here of course you can type just the way i did you'll see i've got the 100k club badge uh other traders who have made over a hundred thousand dollars will also have that badge the p is for a warrior pro student the s is for a starter students that are in orange are in their first 90 days so that's helpful because you can see oh this is a student in this first 90 days oh this is a student in her first 30 days so this gives you kind of a little bit of perspective when a student is commenting that oh this is a very new student they're asking questions okay that's fine or if they're saying this is definitely a long and they're in for 30 days or less you're like all right maybe i take that with a grain of salt so we sort of have this ranking system of um of of students youtube if you're on the fence invest in yourself thanks tyler students can post images if they'd like so you can send a file obviously you can send a different emojis and things like that all right so that's all fairly self-explanatory when i do start live streaming this right here the screencast is going to show um in in blue so right now there's no screencast but that will show in blue and then they'll be able to click that and pop out my uh my screen share so they'll be able to see me and they'll be able to hear me but there's no live broadcast yet in the room so that's the small cap room the large cap room is right here these are large cap traders so i'll close this one for a second so these are large cap traders you could be logged into multiple rooms if you want but just to save space they're talking about tesla a little bit about kodak you know that's typical they're going to be probably talking about tesla quite a bit today we have our warrior pro mentor room here so this is where we host warrior pro mentor sessions the trading rooms are for trading only mostly i mean it's keep it on topic trade ideas and then the warrior pro room is for q a and things like that the support room is specific for support related issues which makes sense oh and you can see here mike has got his live broadcast going so i can tab his broadcast right here or if i want to pop it out i can pop it out and make it full screen you know if i want to have it um if i want to have it like you know the whole screen like that i could do that as well all right so we'll tab that back in for now and we'll just maybe close it down all right so we've got the small cap room we've got the large cap room we've got the warrior pro mentor room we've got the support room and then we've got the warrior lounge which is you know off topic this is where um you know who in here likes porsches and and we'll just see you know this is like not trading related um so anyone that's in here that just wants to kind of chit chat about random stuff they can um 924 is a joke i only like the 993 uh like laughing face so anyways uh you know this is where you can kind of chit chat all right so we'll close that down for now there's only about 100 people in there but of course it's 8 a.m uh this will you know we'll we'll pick up uh i'm just i'm just kidding this is you know it'll pick up as we go on in the day all right so we'll close that back down uh or i'll leave it there for a few minutes and then we come down to the scanners all right so uh this is something all of this software here we developed ourselves so you'll never go to another chat room and see this type of chat room software this functionality because uh you know we built it ourselves we own it this is our software so one of the things that we added to it is scanners so now right inside the chat software you've got your scanners here you've got your leading gappers kodak is at the top then gtech and going down you've got your top gainers which is also going to correspond to top gainers but as we get further into the day you'll have gainers that may not have been gappers we've got our high day moment momo scanner so these are stocks moving up right now in real time we've got our halt scanner and there's a few other scanners here and there'll be more that we're developing as time goes on under announcements right here you can see we've got global announcements we've got the warrior lounge i'll log back into the large cap room so if you're in the large cap room you'll see large cap announcements as well if you go into the small cap room then you'll see small cap announcements as well so i'll put that down here there um so live i'll make an announcement live stream starting around 8 30 a.m eastern i'm doing an early demo on youtube facebook until then and i'll make it a sticky announcement that way it's going to pop up right here and everyone who logs in will have to acknowledge hey wait a second ross has got an announcement here all right what's what's he saying starting at 8 30. all right that way hopefully from this point forward we won't see too many people say hey ross is streaming on youtube but he's not streaming the chat room what's going on all right uh i hear you oozy i feel the same uh all right so we'll close these back down so that's a quick demo of the chat room all right now let's uh go back to the members dashboard so from the members dashboard you can log into the small cap room large cap room support room but either way takes you to the same place so it doesn't make a huge difference all right so back here now we've got our simulator right here and we do have some step-by-step guides and things like that for more detail but here we have our simulator all right so i'm going to open the simulator now the simulator is a desktop software so i'm going to log in right here and this is what's going to allow you to trade the market side by side with me now as part of my disclaimer which might as well just throw up here so you guys can see it day trading is risky we all know that right and so one of the things that we really encourage is that you do not trade with real money until you've proven profitability profitability by trading in a simulator all right so practice in a simulator prove you have what it takes to make money and then you know flip the switch and go live so here if we go back to the chat room we saw that kodak is the leading gapper today so maybe i'll pull up the simulator and say all right well let's take a look at kodak kodak is currently trading at you know whatever 13 25 so maybe i'll you know take along here 1323. this isn't a real position this is just a simulator all right this isn't i'm not i don't really think this is long i'm just you know just for the sake of argument and now you get to start practicing your strategy now of course this is you got to open up your chart so you go under let's see windows quotes and then you can pop your charts out you can do all this stuff so this lets you practice the market real time yes it's live real-time market data so if i log into um let's see my this is my my lightspeed account right here so uh there you go so real-time market data so you can see it's gonna be basically the same all right so that's nice and we pay your data fees on your behalf so as part of being a warrior pro student you don't have to pay an extra you know 50 a month or whatever in data fees we we take care of it for you so we pay all that stuff for you uh both for um the scanners and the simulator both of them use real-time market data now one of the things that we also do for you guys is we aggregate your trading data into your aptitudes so you can actually see as you're trading as you're practicing how you're doing right you want to figure well am i making money i mean you certainly you could do it on an excel doc and you could you know kind of take notes on a notepad or something like that or you know we could just do this for you so we do it for you and you can see what your profit to loss ratio is your average winner to your average loser uh your gross profit your net profit commissions et cetera et cetera accuracy and everything else so you can kind of go through all this so this is again we have a development team uh that has built our chat room they've built our simulator or they built our our scanners and they've also built the aptitudes that go along uh with the scanner so or with the simulator the simulator itself is a sterling product so this is the same software that you would use with real money over at cmeg if you use cmeg if you notice when you first get logged into lightspeed lightspeed is a sterling trading tech company right here so sterling is a it's the software provider that i use every single day for my trading and we have a license agreement with them to provide the simulator you know at one point we tried to develop our own simulator and we found that that was um a little bit of a bigger undertaking than we realized and so we licensed this out to a third party so that's fine but we created our own aptitudes to go with it so this is ours which we could use really with any market data or simulator provider all right so you've got the chat room you've got your simulator what else as a pro student do we need to kind of walk through again i'm doing this demo today because for the last day of our cyber monday sales i kind of wanted to do a a final um uh sort of you know rap wrap-up um just to answer any questions that stragglers might be having about what it's like to be in the community kind of give you this demo and everything else so if you do have questions feel free to uh shout them out all right so we've got our live trading rooms we've got our simulator and then we've got the education right so the education that's that's the important stuff so let's view courses all right so we teach the classes live usually about once a year we taught them uh last year as part of a summer school program and we're going to teach them again this coming year as part of a winter school program so during you know winter school when everyone's all cooped up we're going to be hanging out here teaching classes and we'd of course love to have you part of that so as you join now in december for cyber monday you of course would be uh you would have access for one full year so 12 months so you would have you'd be able to attend the summer school five or winter school classes and summer school if we do that again this year all right so uh learning paths so this learning management software that we use you know some sometimes you'll see educators out there that just embed private youtube videos and stuff like that while that's certainly um one way to do it we took it a step further and actually built this out using software that you would use if you were taking classes at like an online college or something like that so we really wanted to make this as professional as possible so we start with an on-boarding call here where we walk you through sort of the the do's and don'ts of being a student uh we'll go on to the next section here so this is sort of a walk through of of what you get go back here and then we'll go down here it's kind of like the demo but in a little bit more detail we'll go into the starter classes so these were taught new for 2020 as you can see here this is me teaching the classes so this is uh i guess chapter chapter two picking stocks for day trading and then we've got chapter two part one part two part three part four stock halts part five continuing on then we've got a quiz so we quiz you on your knowledge we make sure you're you're making good progress you can always pause classes and resume them where you left off but you'll go through this here for the pro classes starting beginning with the warrior starter and continuing in to the full length warrior pro class so this kind of runs you through um you've got the part two part three et cetera et cetera small cap classes live trading recordings so we can jump in here for one second all right so um so this is a what is this this is an older one um let me try this one so this is a actually this looks like a little bit of an older one too anyways i think they're sorted where is this um find a good one i mean these are all good but so these are some uh selenas which are nice so these are some newer ones from me live trading abcd breakout on tesla up 21 000 on g-tech then minus 6k off the top on a flush 75 000 in profit then a 31 000 loss off the top so you know these are the live trading recordings you can see with my keyboard here so you can kind of visualize what's going on on those trades so the curriculum itself as many of you probably already know the warrior starter is 15 chapters the warrior pro is also 15 chapters the starter when i teach it live takes usually about if i if i really try to push through to do it for a full week i can teach it in one week monday through friday so five days of teaching like three to four hours a day so it's about a 15 hour 16 hour course the warrior pro course takes me three weeks to teach the 15 chapters and that's teaching for two to three hours every single day so that is a much longer course it's full depth you know sometimes again you see classes out there that uh you know each chapter is like seven minutes long it's you know what's what's the volume weight average price is a very very simple explanation which you know i mean it's it's it is what it is it's just it's a those are very simple classes and and they're just not going to get you probably as far as as you'd like to get so you know this chapter is 30 minutes long and this is uh chapter eight this is part part one of chapter eight so i go through each of these setups the first pullback the moving average pullback the abcd the half dollar whole dollar micro pullback buying break of the high continuation in and out of halt parabolic squeezes etcetera etcetera so there's 14 different uh strategies within momentum trading chapter eight we go into chapter nine high speed trading aka breakout trading chapter 10 reversals chapter 11 short selling momentum so i mean this is a very comprehensive class this isn't just you know an hour-long youtube video by any means all right so let's go back to uh the dashboard so we've got the live trading room we've got the simulator we've got the education and then over here we've got our mentor sessions so the mentor sessions here i'll click this so we can view the calendar so this is the calendar of our mentor sessions we have mentor sessions uh every day monday through friday unless the market's closed but but every day otherwise so you can see here today seven on the seventh we had a 8 am to 9 a.m mindful monday session with ted tread is ted is our trading uh part of our trading psychology program here at warrior 3 p.m with jess not 3 p.m with roberto 3 p.m with mike fomo session with ted and diane friday 3 p.m so we typically host the sessions at 3 p.m you know it's kind of as the day is winding down so you'd be able to join those mentor sessions and if you do you would end up just opening this room right here all right so that walks you through the live trading room the simulator the education the mentor sessions why don't we do 10 minutes of q a and then we're going to get started with our watch list for today and it looks like in my simulator i'm holding kodak down 570 bucks so good thing i'm practicing in the simulator not trading with real money if i don't really know what i'm doing right all right so let's see um so yes classes do absolutely cover pre-market trading pre-market trading is the strategies essentially the patterns that we look for are the same we're just applying them to pre-market instead of regular hours so there's a there's a time and a place for trading pre-market it's usually when the market is very strong very hot you know so yes we do the short answer is yes we do cover pre-market trading as part of the part of the classes and you can trade pre-market on the simulator let's see so we have a monthly renewal um for after a year so if you join the warrior pro and you're in for one year as of today right now the renewal is dollars a month but we also have a a one year upgrade so if you decide after you've been in the classes for a year you could go to monthly if you want or you can switch to an annual and we have a discount we do like a grandfathered in discount so i don't want to say the pricing on it because it's subject to change but we treat you right so it's a membership loyalty program and we make it kind of a no-brainer for you but we don't you know we can't give it away for free and we can't do you know lifetime membership and things like that because every month you know we're paying your market data fees on the simulator every month we're paying your market data fees on the scanners every month we're paying our developers payroll to keep all these systems running so you know there is a there's definitely a cost involved with that a question about the large cap course yeah i can open that so the large cap course um is actually it's very similar in structure to the small cap day trading course for both of them the warrior starter is your prerequisite and then we've got the small cap course part one and two which is chapters one through seven and then eight through fifteen we just separate it into those sort of two modules um and then this is the large cap course for mike so uh part one and then part two and again it's it's same in the way it's kind of broken down there fifteen chapters so that's the curriculum for the large cap course i guess 14 chapters right now so good question there thank you yeah the train simulator is available after 12 months you can use it it's available free to use during the whole time that you're a member of the warrior pro classes um well we have two different and i should check with steph because we i know we made the change on the simulator and i'm not 100 sure for cyber monday right now which way it's included so maybe let me just hold off on that because but i'm pretty sure it is anyways um jared the answer there is yes you're allowed to trade pre-market okay so clarification um when we added the scanners we backed out uh the simulator so you have 90 days of access to the simulator so as a pro student you have 90 days of access to it and then you have forever access to the scanners however if you do decide you need more time in the simulator you can pay monthly but the data fees on the simulator are quite a bit higher so that's why we made that change so we put something new in and then we pulled out the simulator but you have 90 days of access to it which hopefully is more than enough but you can again if you want to use it for more than that you can we have a monthly thing you can do all right um let's see is this good for beginners yep so it is the warrior starter class is where we get everyone on uh level playing field so the starter class and if i could just go into chapter one here of the starter so let's see so this is the um the starter curriculum becoming a day trader picking stocks for day trading account types fundamental analysis technical analysis account information and balances which is how to set up your broker account order entry window oops let's go back to here market depth level 2 time and sales order windows hotkeys hot buttons positions windows scanning 101 preparing to trade the psychology of trading and your learning path on a timeline so this is where we set the foundation so yes uh this is 100 for a beginner trader but even for a trader that has been uh trading for you know potentially months or years this is still valuable because it starts to um sort of ingrain you in my strategy and the way i look at the market which is unique and different from how other people look at the market now i've been working on the classes here we're going to be of course as i mentioned doing a winter school program so uh let's see a small cap so i'm working on my uh small cap class the day trading course and kind of certainly adding new content and things like that so let me just give you one example here um so let's see um so this this is just one example here um i'm just gonna make this a little bit smaller so this slide deck is currently uh over a thousand slides so this is the strategy of buying the pre-market pivot and you kind of have a pre-market pivot right now happening on kodak it's not it's not perfect but but if kodak broke over 1334 or so that would kind of look like a pre-market pivot this right here is an institutional order that went through so that's not we wouldn't really count the top of that so the pre-market pivot so that's the pattern and then this is a breakdown of the entry so we can visualize pre-market pivots as being either as being very similar to abcd patterns but sometimes they're just not as clean and that they've taken much longer to form typically the short period of a strong abcd pattern et cetera et cetera so i give you the breakdown of the entry give you a breakdown of the target the risk factors the stop and then we start breaking down examples of it and then we've got videos of it so you've got a video of the live trade right here so you get to really understand okay this is the setup i find it on the scanner so this is where i find it this is what i'm looking for so you can start printing these out and have them around your your trading station so when you start to see them in real time you're like okay that is a pre-market pivot that's an abcd pattern i know that pattern i know the strategy and this is the place where i want to be a buyer right so that's um that's very important and as a beginner trader i don't want you to underestimate the fact that yes there are a lot of people out there that are trying to um you know sell classes and things like that but the fact is a lot of them they don't have a very clear strategy in terms of how they actually find stocks to trade and that's because a lot of them aren't even verified profitable traders and that's something that you don't have to worry about with me just you know again not to um not to be bragging about how much i've made or whatever else but um you know i i have my broker statements here on the website so that's as of october 31st so november will get up to uploaded once i have those statements in so these are my broker statements here and you can go back 2019 2018 2017 from when i started this small account challenge and you can see the statements there from every month so i'm a verified profitable trader i have an independent uh third party accountants report verifying me turning 583 dollars into a million bucks and every six months i continue to get that my performance uh updated so here's the you can see right here so this is the independent accountants report right here where they did the breakdown of my trading so you know again i mean you can learn from anyone you want you can try teach yourself if you want to kind of you know say i'll figure this out myself you gotta do as you'd like but you know if you actually want to learn the strategy that i trade every single day then you know you got to join the classes so that's just the way it is all right so you know i even have all my account numbers right there i mean i am transparent in that so anyways that's um that's about it for the demo and there are a couple of questions there so thank you guys let's see um so would i say that i'm the best out there uh for learning or is there competition so i don't think there's competition because i don't think there's anyone that's as uh verified and transparent a trader and i don't think there's anyone that has as good of a class so you know that's me patting my own back i'm not saying that there aren't other people out there that are trying to teach i just have seen what they offer and i don't think it's very good so that's my two cents you know you take that with a grain of salt because i'm biased right so that's just my that's my opinion on it all right so why don't we go ahead and um get started here with our watch list what we're going to do probably around when i finish trading i'll do a little more q a for people that do have some questions the link for the cyber monday sales which are ending today uh is pinned on youtube and we'll put that link on the other stream so you guys can see that we do have strategies for swing trading we also have strategies for trading uh options doing uh covered call calls cash secured puts and things like that so we've got sort of a a wide range of strategies that we teach all right so with that we're gonna go ahead and get started um now let's see just as i was um sitting down uh to teach to do this demo i saw this little red fox run uh run by my window here these little black legs is super cute so i definitely have to text the picture to my wife because she's going to be excited about that so hold on one second say look at my new friend he's got this huge bushy tail really quite something good for him um okay so i what i made so yes i've got my ram rambo headband here i may give an honorary headband to students who reach a certain level of profitability i will keep you guys posted on that it's like getting knighted by the queen all right um okay so let's let's go over to uh the chat room here so i'm gonna close the announcements and let's take a look at our gap scan all right let's see okay i'm just going to get myself oriented here so uh good morning to everyone on youtube erin oh good morning everyone in the chat room those on youtube we were already streaming the watch list but of course good morning to you guys as well so uh i drove down to philly for the weekend i'm officially an uncle now and i wanted to help my sister with her new baby being now you know having gone through this um you know having a having little one myself i felt that i could blend my services so as soon as i got down there i was i was seeing sloppy swaddles i was seeing diapers put on backwards it was a mess they were in desperate need of uncle ross to come straighten things out so thank goodness for that so anyways i was gonna do the demo and stuff on friday night but we're uh doing it today so because of that we've extended the cyber monday sales through today and i'm actually named after my uncle ross so now we've got two uncle rosses my uncle ross there's a down in mystic connecticut there's the joseph conrad it's a a maritime he was a merchant marine and uh he i guess died at sea um it's my understanding but the boat that he sailed on that he was uh trained new sailors on is docked in mystic connecticut and so i've been down there a couple times to see it it's i was it's very cool to stand there on that boat that he lived and worked on so anyways um i love boats but of course i get so seasick that it's my it's my achilles heel that's the one thing rambo's he's great on land but you get him on the open water and oh boy it's not good okay so why don't we start getting oriented and we've got about an hour till the bell so we've got some time kodak is our leading gapper but to be honest my expectations on it are pretty low you know this is so the news is that the federal agency finds no wrong doing in the kodak loan many of you may recall that kodak went from like two dollars a share up to over i don't know 60 a share and then there was news that some insiders had executed options and stuff like that and sold shares into the spike and this and that um but uh the federal agency found that there was no wrongdoing in those transactions they were totally legitimate and within the um not only probably the law but also the um uh you know the the agreement of the company in terms of how to execute those um options so as a result the 700 million dollar deal is back on right yes maybe uh however now we have this issue that there are other companies that have all already obviously come out with a vaccine totally independent of anything kodak was doing uh we have it seems like a new change in administration coming this january so does kodak actually see that money and i think that that's a that's a real question and i i don't know but as it sits right now it's you know 13 so if we just look at the daily chart for a second break down the daily what levels do we have in play so we've got a level here um 13.69 so i can just put it at 13.69 i don't usually change the levels like that but that's fine so we've got 1369 we've got yeah so i think it's important to kind of map out these levels because this is one that is going to trade around these levels as it starts if it starts to move up you have two things that could happen number one you could have people that are still underwater from this big move that just sell they're just like oh man i can get out of this for a little less than i was down on it yesterday i'll just get out right so you may find that it just shows weakness from the beginning and just fades all day on the other hand you may have some short sellers who are like listen this thing's still at seven bucks it was at two dollars before the news i'm waiting for it to go back to two i'm covering i'm looking for a flush back below the 200 and you know cover it two bucks kodak is a junky company and the cameras are yesterday's business and this is not even gonna happen okay so that's a that that could be your you know your bias your thesis on a stock your opinion on a stock uh however when it's gapping up uh what is currently 60 73 you know at a certain point you might be like oh um i i'm and yeah you know i'm gonna have to cut it loose so the possibility of a short squeeze is probably um something that you would i guess um you you know you would hope for in terms of that's your best bet uh hang on one second i just want to tab this out here um so i'm going to just put this window over here for a second so is that a possibility yeah no for sure um it's definitely a possibility i think it's a little bit of a stretch to hope for that so as of right now i'm not sure okay so that's um kodak our uh we got another gapper here onct uh this is a has a high of 407. it's got four 3.4 million shares of volume the float on onct is 17 million shares it's got room on the daily back up towards five and six you do have some news on it it's kind of straddling the whole dollar and as i look at the level two on it to be honest it looks kind of thick doesn't that level two look kind of thick to you so i've seen just a lot of stacked bids stacked sellers though look at all those sellers so i'm not really feeling that one yet um i'm i'm not sure about that so you know that's our i just jumped down to it because i saw a couple of you guys mentioning it but kodak is our leading gap or tn xp is our second leading gapper up a hundred i'm sorry up um 71 percent hmm gtac yeah i see g-tech i'm just kind of getting oriented with what we've got on the scans this morning tn xp has got a larger float so i'm probably not going to be super interested in that one probably leave it alone no orders going through on interactive brokers well you clearly missed my video my youtube video on why i will never trade with interactive brokers again they're on my uh no trade list i i close my account and i never look back but i know some people like it and it's it has a purpose for some people especially like canadians who have limited options but but unless you're canadian obln that's not a very nice pre-market chart so this is you know just in terms of part of the classes one of the things that we talk about is a good pre-market chart and a bad pre-market chart what kind of chart would we call this we would call this a bad pre-market chart it's not clean it's been clearly selling off it's weak it doesn't look good there's nothing about it that looks good i mean i i suppose you could say that it appears to be holding around the 200 moving average but i i honestly think that that still looks pretty terrible okay so that's very quick in terms of finding stocks to trade these scanners this is how i find them but sometimes very quickly i say no that's no good uh this one i don't know about that gtech um it's needs to break over probably i would say what's this level here 55 if it can break over 55 then you have a nice window on this up to um 10 right so as it starts to open up there so let's see if this starts to cruise up towards 10 this is a nice one pre-market you've got your high right there of 64. again your target on this is 10. so i would say put an order at like 75 or 80. put the order at 10 and let's just see if it ascends up to this level that's a five-minute breakout and now if you bought the five-minute breakout i'm not a seller here i'm holding to see if the one minute micro pullback gives us the next leg up and that would be a move through 10. so i see gtac i like it 975 is the next spot you want to watch so you want to as a five minute trader you want to hold through this first pullback let it form a one minute micro pullback and then you want to see resolution through 74. now if you're not already in then you look for the breakthrough 74.75 as your first one minute pullback after the fresh five minute breakout that's your entry and then you look for a squeeze up to 10. so let's watch this here over 9 74 975. first one minute pull back after a fresh five minute breakout and look at that you've got there's 81. so did anyone take that trade that ended up it looks like being decent you've got a high there of 84. so carmen uh is in at 9 42. nice steve made 11 cents on that trade good work it's a decent trade so this is one to keep on watch i would say that candle there that hit a high of 89 and then dips down there to 35 is a little that's a little funny um so the one minute's kind of not picture perfect but let's see how it consolidates up here and maybe we do get a better opportunity on it all right so i'm going to keep gtech on watch um it's actually as of right now our leading gapper it's up 73 the pre-market high on it is 1040. let's switch to the daily chart for a second i have all these lines drawn on this one and i'm not sure what these are all about um so i got to clean this up sometimes from you know when i trade a stock on one day i'll have just a bunch of trend lines kind of all over the place and i got to go back and straighten them out so all right um hi there's okay so this okay so we're already so we need to see a break 10 because 10 was the top of that day right there boy this is a nice chart though blue sky all-time highs that's one of the charts that we do really like so that increases the potential on it that if it breaks through 10 we could see a bigger move especially considering the floats only 1.3 million shares so um okay so launches uh but i'm just wanting to read the catalyst going in the electric vehicle market okay so develop and manufacture a forklift transmission drive trains uh announced today the division of a new electric vehicles market uh okay that's interesting for sure so you know i think the question on it no doubt is you know right now it's pulling back just a little bit what do we have for ascending support the volume is a little on the lighter side the high there was 84 85 i don't know um the the five minute candle here with two minutes left on it is looking a little not great because it dipped down so much uh by the way those you guys tuning in on facebook and youtube if you have not hit the thumbs up this is uh you're doing yourself a disservice hit the thumbs up if we get 4 000 thumbs up by 10 a.m i'll stream until uh until from at 9 30 i'll stream till 10 a.m so hit that thumbs up so let's see what this does here i'm wondering if this um does more of a abcd pattern in this area we got the great breakout right there but the first one minute pullback it was a little steeper than um than i would have thought so i'm not sure you know i think that that's um that's going to be the question so let's see all right you know i haven't seen captain red bottom in a while but you know i haven't seen any chipmunks in a while so i think that this is just you know we're at that time of year where they're starting to go into hibernation so i'm not a buyer on this right now nice on onct again i i found it looked kind of thickly traded it did break out there this is a very nice clean kind of you know slow and steady breakout so totally a good setup you just don't you only have like eight cents a profit it's just not a big winner that's that's the only issue that i would see so gtech you've got your high of 89. so it looks like this candle is going to close up here as kind of a red doji it's topped out a little bit you've got seven seconds left on that current candle bcrx look at that um and yeah i see that move it's 164 million share float though so i'm not sure that i would go for that i mean that's not really my typical cup of tea speaking of cup of tea okay all right thank you guys on facebook who are tuned in as well i know facebook is a little easier for some of you guys so thank you we've got about 40 minutes to the bell so we still have quite a bit of time so as i sit here right now i mean obviously gtech is leading well tn xp is the leading gapper tnxp and gtech are kind of swapping places here um but they're both they're both obviously up 73 74 so that's uh that's good bcrx is continuing a little higher you know at a certain point we talk about rate of change being more important than the float and if this does have a significant rate of change then you know that can be worth worth trading let's see i'm trying to zoom this in here gtech is a short i think as it sits right now i think it's up too much i think it needs to pull back i wouldn't be a buyer on the break right now it's a premature five minute setup so no interest in that one i have to wait for a new setup so it's filled the gap here at 7 20. so you have gap fill which is filled um i can turn up my volume a little bit yep cleu china liberal education um yeah so it's obviously in the china space this is probably one that um you know if i was going to be honest if it started to open up it could probably make a decent move but we'll see i'm not sure whether or not that happens over the weekend uh or actually it wasn't it was well it's time well last night's over the weekend last night oh come on what's going on here i'm trying to pick up the it's like fishing there we go no that's not free i'm trying to free this cable here okay there we go um so anyways i did a little um did a little work on my trading station let me switch this to split window so that's the that's the trading station right now so i got my um added an extra monitor up here so that's the youtube uh broadcast right there so you can see that my trading monitors here here and here the chat room right down here it's my streaming computer my mixing board and then i've got my shipping container so kind of got things a little cleaned up but i was here for like an hour last night trying to get my monitors such a hard time when you've got multiple monitors like when you have them stacked like this because you know the first two you have them tilted in right so you have them tilted in like that but then the two above it if you have them both tilted in then they're they're up at the top at the corner they're touching they and they're you have to have one in front of the other behind the other it's it's like the most annoying thing for someone that wants things to look uniform which i do so anyways um but i'm kind of like in the new setup here and you know sometimes um changing the trading station a little bit uh moving the your station around kind of can feel like a little bit of a reset you know like all right i've got my new little setup here and kind of nice and cozy and so sometimes at the beginning of a new month it could be a nice opportunity to sort of press that reset button and also change things around a little bit i'm on my fourth consecutive green day on friday i want to make today my fifth consecutive green day let's take a look at where i sit on the month of december nice on bcrx continuing higher looks a little choppy though so we're coming up to 9am we're just going to do a quick review of where i sit on the month of december so month of december 52 000 in profit halfway to 100k and we're only four days in not bad but profit loss ratio took a little bit of a hit on friday 600 average winner 600 average loser but accuracy 71 percent biggest winner 11 000 biggest loser 7 000. so that's kind of where i sit right now um you know here on the month that's a good start that's it's a good start it's it's not bad at all i'm hoping i don't know where i was at and no reason to really dwell on it um this time last month but yeah i don't know you know the curved monitors i was kind of thinking about that two curve monitors the only problem is um you know it's an unusual monitor size and i think that that's going to cause a problem with my broadcast because i use this monitor up here for all my recordings so making some nice progress here on the month of december we've had four great days four solid green days and i would say today my goal is to make it a fifth green day and i want to be mindful of the fact and you know with ted around here for mindful monday let's kind of breathe into this um i want to be mindful of the fact that the last two mondays for me were very difficult days uh last monday was not a good day for me and the monday before wasn't a great day either so i that exact because it's i don't know you know is it is it a monday issue or is it just coincidence i don't really know but let's try to break that streak today and have a good monday i think that my tipping point on uh those days was having going green on the day and then giving it right back in one trade that's a very frustrating feeling to to be green and then to you know give it back in one trade so i think this morning it's probably going to be a good idea for me to be a little bit more cautious on finding good quality setups maybe if i take three trades and i have three winners and i can get green just walking away and not overstaying my welcome as i look at our leading gapper here kodak is you know i mean it's i don't know i i don't think it looks that great gtech is good but it's breaking the volume weight average price right now so already pre-market we're seeing a little bit of chop all right so since we're seeing some chop and bcrx is a little choppy too i mean we do still have it's not it's 9 a.m coming up to 9 a.m right in 30 seconds so perhaps our best shot is breaking news at 9 00 a.m and a stock that's not currently on the watch list all of a sudden starts spiking up and gives us a great opportunity because what i'm seeing in front of us right now i'm not in love with and you know we've got to be mindful of the market that we're in it's very easy to get fixated on potential profit and to get fixated on trying to make a certain amount of money but you know if you want to catch a hundred lobster and your every pot you're pulling up is empty throwing back twice the number of pots with twice the amount of bait is not going to solve the problem guess what there's no lobster where you're fishing you got to head to better fishing grounds so if that's the case today for instance that yes i might like to make a certain amount of money but if there's not a lot of opportunity then it's not going to help to over trade it's not going to help to double down on stuff to trade with extra large size i've got to just sit tight and wait now this is historically very difficult for me it's very difficult for me to deal with um transitions in the market it's very difficult for me to trade through slow markets because i probably like anyone else loves big green days i love days where i make fifty thousand dollars seventy five thousand dollars a hundred thousand dollars i would love to make a hundred grand today that would be awesome but i can't control whether or not that's gonna happen the market controls that does the market provide an opportunity for me to make you know 50 or 100 000 today and as i look at the gap scanner right now the only stock that i think is a maybe on that list would be gtech because it has no upside resistance so if gtech does break through 10 and 1050 because there's no resistance on the daily chart it'll be at all time highs we could see a move up to you know 12 13 14 15 or you know even 20 bucks that's the only one that is a maybe kodak for me to have a really big green day on this we would need to see a squeeze up to 18 20 and i don't see that happening today i i could be wrong but i just don't see it happening today so kodak my expectations are very low tn xp i'm not going to make 100 on stock like that this is a cheap stock there's not much in it again not to say that i'm not going to trade something if i don't have the potential to make 100 grand because obviously i'll take lots of base hits i have no problem with that but just in terms of measuring the sort of strength of the market the momo meter so the momometer right now is telling me big picture to monday tuesday wednesday thursday friday of last week were pretty solid we had some really good opportunities but the month of november was choppy i haven't had a 50 000 green day in probably three weeks or four weeks so you know the market is a little bit slower right now and i have to be content with base hits it doesn't really make sense right now in this market for me to take um 25 35 40 000 shares of probably anything i'm probably better just jumping in and out with 5 000 10 000 maybe 15 000 at the most and you know yeah if things pick up sure i'll size up but until that happens just being a little bit lighter on my toes because you start trading with big size and what could have been a small base hit turns into a loser because you're you're not nimble when you're trading with 50 000 shares it's just not easy to get in and out in the same way uh so yeah onct i mean i i just don't see maybe a 464 but i'm just not that interested sls i don't know i don't know guys i'm not sure about that i'm seeing a red chart right now red candles the high is five so sure if it gets over five then maybe it's in play but i don't see that right now um so good question eric it's a porsche um porsche as they say in i don't know germany i guess um it's a 96 turbo 993 twin turbo 400 horsepower and i got there and back with a speeding ticket uh under his eye so uh yeah good for me sls kodak so gtech has this uh daily resistance at five sorry 10 which we know it's right below the volume weight average price right now let's see if we can dial in on this is there an ascending support line in this area you know do we have anything that we might find create support down here it could go looks like maybe a little lower before it catches support or maybe it just kind of broke it depending on how you draw it and this is the challenge with an ascending support trend line is different people draw them differently you know some some one person might draw a trend line like this another person might draw it you know like this and yet another person might draw it like this so the challenge there is the validity of the trend line to me is based on how many times it's tested by the price action and holds this is tested once here and once here which makes this bottom trend line feel good the steeper one right here is tested once twice three times and four so maybe that one feels a little stronger but it did just break below it and now it's coming back above it you know so and we're right at the volume weight average price where's the intro anthony that's a great question uh it's six past nine it's time for that intro [Music] thank you all right so we have 27 minutes to the bell uh will i be trading airbnb on december 10th uh i don't even know that was the ipo date you know i don't airbnb um i i want to get mike's input on that uh we'll see where we'll see what i i have just haven't looked into it we'll see maybe i'm i i probably will try to day trade it and see if i can make a little money but i'm not i'm not that it's not going to be a home run highly unlikely it's going to be a high open and so yeah i don't know we'll i'll ask mike mike what do you know about the airbnb ipo we'll see what it says so gtac you know if we kind of dial in the the one minute chart here and try to figure out all right what levels are we working with the high there was um 36 so you can see how it's kind of starting to reclaim its um its moving average so for me this is a long here and i'm going to buy it at 38. i'm looking for this to curl now that's holding the volume weight average price up through um 45.50 and i'd like to see a break through the half dollar and then move up to 75 maybe higher so i'm holding 4 400 shares and on gtech i would add through the half dollar i'm just going to watch the price action it's a little choppier here than i probably expected it to be and so for that reason unwinding a little bit of profit and putting a new order at 51 to add back i want to see i want to make sure it holds the v web the thing with this type of setup is that that one minute pullback after reclaiming the v web a one-minute pullback should hold better than that it does have ascending support right here but i'm not sure let's see what it does um i might do a dip entry on it i like the idea of it especially over 9 59 75 and 10 but you know it has to prove that so the fact that that one minute pullback from 32 only went up 17 cents i mean that's a little bit of a huh you know would have expected more i think so i'm only going to hold small size through this pullback and let's see that it can hold the volume weight average price uh i saw some of you guys mentioned that this one is already a little choppy so that's something to be mindful of i suppose the low of the last pullback was nine this would not be the cleanest abcd pattern because of how much it's pulled back but the pop back up over the volume weight average price was i think worth a shot so i'm just gonna hold through this for a bit and we'll see so i mike is saying no date or price on the air b ipo yet so 56 to 60 range maybe but it's not not dialed in yet so gtech this is a good example of a trade that had i added at 48 and 50 to anticipate the break through the half dollar there and i was i was ready to do that but had i done that that would have turned that would have brought my cost basis up quite a bit and um and then um and i'll i'll double check airbnb but um so it would have brought my cost basis up quite a bit and then what could have been and what was a small base hit although i'm still holding a small position on it would have ended up turning into a loser so we'll see what ends up happening see bat spiking up there the high back here was 11 40. so you know you can see how when these kind of start to pop up that they can quickly go i would say you know on this one because the volume is so light it just popped up a dollar a share on like 170 000 shares of volume so um i don't know i mean i just don't know if it's really worth trading that right now the volume is so light i didn't add on gtech because i knew the five minute wasn't perfect and i knew that it really needed to prove some strength here and because i got in right there i wanted to get my first trade as a small winner so when it failed to break 50 i took some profit off the table and then now i'm just holding a small position here through this pullback the low is 15 but it's very small so i'm just going to see whether or not this base is out here for an ad back we've got about 15 minutes to the bell bcrx is uh holding up relatively well i mean you know again it's not one that i really thought was going to be super exciting but it is holding up relatively well room to 720 is gap fill but it's above that so now the next area from there is i guess room up towards eight so let's see what um bcrx does it's a larger float stock but over 38.40 i'll take along there at 38 on gtech sorry on bcrx i want to see bcrx break this flat top here and go through 45 and 50. so we've got a 38 on the ass 30 on the bid the flat top breakout is right here through 40. so let's see if this pops through 740. being a bit of a higher float stock i would think that dips will probably get bought up on it but let's just see what it does ascending support is right down here 22. we'll give it a chance i'm in at 40 so i'm i'm in kind of like right at the high there but again it's a larger cap stock with a hundred and uh what's the float on this one bcrx 164 million shares so that's down to the view app now it's the question of do i hold it from 40 and average down or do i just cut the loss i hate just cutting that loss feels like this is a bounce right off the v wap so i'm just going to hold it for a second i don't want to sell right on the volume weight average price but to add to it you know then the risk is that i turn what's already a loser into a bigger loss you know if i add it six or seven 706 707 it brings my cost basis down to 720 which would be a little bit easier to get back outbreak even potentially but let's just see what it does here i'm kind of surprised that it dropped that much but whatever gtech i am still holding and i'll give that one a second now my max loss on the day is 2500 so i do still have a pretty tight max loss i can't let things go too far against me we'll see if this holds support at the v volume weight average price hcac is a little expensive so that's why i was kind of like i don't know if i want to get into that one i usually don't like to sell on support now if i buy a breakout which this was a breakout entry at 38 or 40 my cost basis is 40 i'm looking for pretty much an immediate break through that level and this is sort of the worst case scenario where you get in and then it immediately fails you know so that is like all right do i i maybe should have just cut it at 22 but that was already an 18 20 20 loss so i thought oh let me just give it a second because i got it at 40 it dropped to 28 and then popped right back to 40 and then dropped here to 22 back to 30 and then down to 10 now it's right through here so if it can hold the support of the volume weight average price which is about six then that'll be okay this is a one minute bear flag but it's right at support so we'll see if this can get above this level i'm going to watch here closely to see how it trades around 706. so at this point this is a salvage mission of trying to salvage what is this not very good trade and see if i can either get out for a smaller loss or perhaps break even and i'll have to look for better opportunities as the day goes on and hope for something cleaner so let's see if this holds seven dollars so let's watch this here and it's not holding seven is it going to pop right back above seven let's watch it closely it's at the volume weight average price i'm going to add at 7 which is a whole dollar and i'll see if it pops back up to 7.15 if it comes back up to 712 715 then that would be an opportunity to kind of get out of the trade for a smaller loss we'll see what it does the break of the v app is not obviously a super super strong signal so since i added at seven now i've i kind of needed to pop back up fairly quickly and let's see if it comes back up to 710 we're at 698 697 by 98. we've got about 10 minutes to the bell 2.5 million shares of volume on bcrx let's see gtac yeah i'm still holding gtech but the fact that we have this weakness sort of in general makes me a little hesitant gtech at 24 there i see a bid at 24. bcrx i want to see it pop back up above seven dollars i've got that one on watch for a maybe add but i'm just going to watch it for a moment i think g tech i want to see it closer to 750 and 775 just prove that it can be a little bit stronger bcrx i'm looking for a pop back up to 710 715 above the volume weight average price gtech is at 41 so i'm back to green on the position that i'm holding on it vcrx gtech order it um 9 40 to take some profit i've got about eight minutes to the bell here bcrx definitely needs to break over seven and g tech needs to break i guess i would say i'm gonna stop on bcrx so cutting the loss on that one that's a bummer so average down made it worse gtech green on which is good and the high is 44. so yeah bcrx that one's definitely going to be off the list i won't trade that one again today but gtech i'm green on so i might go back for it we'll just see we've got seven and a half minutes to the bell and you know we need to see a little bit more action than we've seen pre-market bcrx was not very clean i got in for a breakout i should have just cut the loss fast but i got a little stubborn on it g-tech green trade i'm up 2200 on that one so that one's green kodak this one doesn't look that great i mean it really i don't know i again the only hope on kodak is that maybe you have a short seller who's going to get squeezed out but i'm not sure i mean i do think again i i said i thought kodak was a short but for a momentum trade the only setup would be that you get a squeeze and i just don't know if that's going to happen so i'm starting uh red pre-market which is not never a good start to the day i gave back my gtech profit on my vcrx loss so i'm red pre-market i already have to be a little on the defense now i had some profit on g-tech but that was gone so g-tech now if it gets back above 9.50 and 9.89 those are the levels to watch but it's already struggling a little bit so with five minutes to the bell i think being mindful about the current state of the market feels weak right now it feels weak today feels like a kind of continuation of my red mondays and maybe this is the point right now to say i'm not going to take any more trades today let's just see what happens maybe i'll keep trading but i don't see anything right now that i would buy at the open unless gtech breaks through you know ten dollars i need to see some serious momentum that loss on bcrx is frustrating it's always frustrating when you get into something and it immediately fails like the second you get in and i'm annoyed that i averaged down on it and made the loss worse so you know now i'm now i've gotta sit tight and and wait um and hope that something pops up that looks better and can get me into the green today but you know what it's just one day and if i finish today red it's not a big deal i was up 17 17 000 on friday so i just got to keep the losses small keep the red days small and live to trade another day so let's you know trade with the markets willing to give us it's not going to be bcrx it may not be gtech i'm not sure i'm not sure what it's going to be right now we've got about three and a half minutes to the bell you know the thing with averaging down is that it can certainly work it brought down my cost basis 723 but then i lost i stopped at 690. so it had the effect of being an extra 10 cent loss on you know a new trade essentially so i had in some ways two losses on it i had one loss from 40 to 7 and then another loss from 7 to 90. but if there's ever a time to be read it's pre-market because you have the most time to recover the losses so i'm i'm not too bent out of shape we'll see if we get some action all right keep us posted let us know if you find any momentum all right i'm gonna put up our disclaimer here with two minutes or so to the bell seems like the market is uh on the weaker side today so short sellers are going to be more aggressive look to short pops any pops are probably going to be shorts and if we see something hold up then maybe there's something to work with but right now we've got nothing so nothing alongside i'm not going to flip short on you know like a bcrx or something like that i'm just gonna wait you know at this point it's already down too much i'm not gonna i'm not gonna do that but uh i'll wait for something that looks better and i'm going to close down my gap scan and we're going to focus on the high day momo scanner we have maybes on gtech but it's probably going to be something that people continue to short you can see the ascending support right through here so seems to be holding relatively well one minute to the bow all right so we're sitting here with only uh 3 400 thumbs up so i'm going to turn off the feed if we don't hit 4 000 by 9 30. otherwise uh i'll do a stream here until 10. i was going gonna do some q a for uh traders on facebook and youtube is today's the last day of our cyber monday sale which we ended up continuing because i i couldn't do the things i was going to do on friday to kind of wrap it up so i'm looking for jess and john to kind of give me a little direction of what they're watching 100k club traders just says he's sitting at the bell john said uh let's see he hasn't posted anything yet so let's look to our 100k club traders and see what they're looking at josh is watching uh tesla yeah uh i mean you know again i i feel like i can't really get into that but that's good for large cap traders so i don't know what all eyes are on this morning i don't think there's anything super obvious i think people are you know probably shorting gtech riot oh nct i mean those aren't you know really stocks that i usually would go for all right did i say gtech what was the second one oh nct and riot yeah those were the two i meant we know that gtech needs to break over um the half dollar and then from there go up to uh 75 or so if it breaks nine that's not going to look so great so sitting taking a breath i don't need to trade i'll trade good quality setups gtech is hitting our scanners let's see what it does let's see if it breaks through the half dollar so we want to see it break through 950 orders at 9.51 we want to see that confirmation some traders will buy to anticipate the breakout i'm long at 47. i'm going to try to anticipate the break through 50. watch gtech through 950 and then we'll look for a squeeze on this up to 969.70 watching for the ad over 50. when that seller comes down i'm going to buy because i'm going to expect a quick move adding right there at 50. see how we get that quick move to 60 it's almost instantaneous so now back to 43 on the bid and 38 so that was a 700 winner it's a small winner but it was a winner i added at 50 my best exit was uh actually 56 just no sorry 59 i got a partial fill at 59 but only a partial fill what was the high 60 not bad now we're getting a dip if it goes red i'd be a dip buyer possibly kodak surge but not holding up gtech all things considered has not held up well gtech broke nine i sell on the ask uh but i so i got a partial fill at 59 and the rest at 56 uh 47 and 37. so only a 700 winner and now you can see it's going red and i'm not a buyer down here because where's support i mean you don't really have support on this till set 850 i don't know i mean it could it could really flush so if it holds the half dollar of 850 then maybe you get a pop back up to nine so there's eight there's you can see it popping back up a little bit there so we'll see if it pops back up to nine all right so kodak so you got a little dip trade on that one ciic this is a um a higher price stock these ones are riskier i don't think that this is going to be probably a safe trade at this point i think it's pretty high risk all-time highs on it were 33.50 i would wait for 33.50 to break you see how it's hitting the scanner but you've got 20 cent spread so is it going to break 31 if it breaks 31 there's 31.25 then you're going to get 31.50 so i'm watching ciic i want to see if it goes up to 32 33 31 50 is the next level you want to see break the half dollar high is 36. onct yeah so i think the float on this is a little higher i'm not sure nice on fate f-a-t-e but out of our price range it's a large cap stock 16 million share float on onct so high was 33. does it break through 333 on a one-minute micro pullback that's the question there's 35 it broke by two cents i want to see something a little more obvious something a little more powerful kodak curling back up a little bit high is 1360. i just don't know where you could really trust this one to be honest at this moment hi that last move was thirteen twenty six there's thirteen thirty thirteen thirty six so our high days 1360. do you end up on this just seeing a squeeze on early short sellers maybe there's a 10 000 share seller at 40. nice on tesla for those that are trading the large caps well done big seller on kodak at 50. high is 54. if 50 breaks then watch here there's 54. 60 is the spot you're watching there's 65.70 watch on pullbacks halt levels at 14. long is over 1390 for the breakthrough 14. watch it over 1390 break a 14 13.85 is probably a buy spot high is 87. yeah because if kodak breaks through uh 14 then you're going to start to see some real momentum watching kodak i want to see whether or not it holds this level provides a dip entry then i move up towards 14. is it going to hold the half dollar a little choppy here so topping tail on the five as you can see fate higher priced but continuing to go low this pullback right here is 1326 on kodak it could be a dip trade with a stop at 13.26 keep it on watch onct nice pullback there 28 up to a high of 55. we'll see how it holds this level i'm asking myself what's obvious you know what what what's obvious right now and i'm not i'm not totally sure gtech is definitely off the scan off off the list so that one's done first one minute candle on kodak so i'll take along on kodak there for the first one minute candle to make a new high that's just a quick long um we'll see how high it goes stop is going to be at 44. first one-minute candle to make a new high was the long right there the high is 60. i'm still holding 375 shares on it i'm selling those ones at 44. so not too much there but you know again if it if it starts to hold up a little bit more maybe there'll be some trades on this you know it flushed down there but then popped right back up so they're 65 they're 70. so new order goes at 70. you can see how these kind of waves of momentum watch now over 85.90 i mean if this really does break through this level of 87 then we're looking at a move up to 14. so watching to get back in kodak watching over 80. i'm long at 80 and i'm looking for a squeeze up into the 90s and i'm selling at 93. and yeah 93. there's a 100 000 share seller there at 14. so i'm gonna put my new order at 14. watching a dip on it let's see whether or not it wants to hold this level 39 million shares of volume on it but remember how fast it can flush watching the long over 14 along at 14 i'm buying looking for the break through 14 a squeeze up to 14 25. watch here now we want to see hold 14 10 then add over 14 15. adding there now looking for 15 18 continuation i uh i'm still holding small size at 1408 hi that candle is 14 18. new order goes at 14 20. i'm gonna hold through the pullback we'll see if we get another opportunity on it i will say that it's a little difficult to trade it's a little choppy kind of feel like i had a good entry there and then sold and then got back in a little high but yeah the high a day is 1425 so that's the level that needs high of this level high back here is 14.88 we'll see 42 million shares of volume hi this candle's 13.95 so maybe a small order to see if it gets back over 14 then 14 15 14 20 ad rejection there if it breaks 1350 we might see a flush back down towards 13. just be mindful of that i'm not a buyer on it yet i'm letting it pull back and i want to see how it holds these levels five minute needs to give us a five minute bull flag i kind of would have expected that break of 1375 to go out more than three cents hi this candle 79 but that seemed like a little bit of a 10 second set up there let's see if we got a dip here for a dip entry is it gonna hold the half dollar because i feel like it might break seems like it's holding right now i'm taking along as long as it holds 50 for a move back up to 65.70 so watching 68.70 so you know right into that level i'm in at 57 and i'm selling at 51. i'm just going to take this the small it does 300 loss now it broke 50 but then it's back got back above it but the low is 40 so i just i'm happy to get out of that for a small loss that was a attempt to bind your support which is generally lower risk than buying at the breakout but you don't have the confirmation when you buy it support obviously and so that creates a little bit more risk kodak volume weight average price is uh 13 19. um kodak the pattern doesn't look really really good right now even on the one minute just because it's pulling back too much it's like five candles of dip i think there's a bounce off the v wap setup i think that's what you've got right here so bounce off v wap could be a long back up to 13 25. 1330 so that's what i would say is a possible setup so right here let's see if it pops back up over 25 and 30 a bounce off the view app volume weight average price so you want to see 13 25 13 30 13 40. so let's see if it breaks over 13 25 13 1330 1340 but it looks like it's it's going back down so this is the this is the volatility of kodak today it's a choppy stock so it's not really an easy one to trade and i think that you know sort of the problem is that we don't have um you know we don't have really an obvious one we have you know a little bit here a little bit there but nothing that's super clean so we gotta wait for that obvious stock and that may mean waiting until tomorrow if we don't have an obvious one today onct yeah this is more of a grinding type of price action stock so buying dips are better on grinding stocks kodak the low a day was 12 40 so just a double bottom on its low a day so you could do a dip trade off the double bottom but i don't think that's that great onct i wouldn't buy the highs on it as the pattern is a grinding stock it's a dip entry type of stock um does anyone else see anything that looks good i won't see much right now aqb yeah i mean i see that as a continuation setup but i'm not in love with it fate is too expensive i'm not going to get into that one gtech is back to right underneath the volume weight average price but it needs to break through that obln don't see much on that c bat we need to break through v-wap o-n-c-t doji on the top pulled back a little bit kodak under the view app as well but this one i mean it's got it just has huge candles huge whips so big down up down up down it's volatile and there's opportunity to be profitable in volatility but this one has just been a little bit um for me it's just more difficult so kodak 1314 is the volume weight average price let's see if we can get back above that level break of since it broke the v-wap coming down if it breaks it coming back up then maybe we end up seeing a a squeeze back up to 13 25 13 30. we'll see gtac is coming back down a little bit so kodak needs to break through 13 10. pltr i think that one's too expensive as well yeah it's a bit too expensive for me kodak you know there might be people lining up to short against the volume weight average price with the stop of the the high so maybe that doesn't end up really ripping here we'll see i'd only take a really obvious setup on it though right now i don't i guess see one that's that obvious b v x v on the scanners curling up former momo stock high is 40 hot level 67 has room up to 829 before there's any resistance sometimes these ones start to open up through the half dollar your high is your halt level is now 72. so let's see if it breaks through 450. there's 48 there's 49. there's 55 is it going to halt 72 is the halt level lpi hitting the scans as well it's extended though it needs a one minute pullback right now it's just watching and seeing how it forms i is 61. oh nct is back at the volume weighted average price see bat jumped over the volume weight average price and then back below it bvxv hit the scanner a couple times has a high of 61. looks like maybe people either selling into that move or shorting into that move so it's not in play unless it breaks over the high obln hitting the scanners doing a little red to green there it's got the pre-market chart was not good but what this is this is an opening range breakout so you have a high of 77 but it's such a cheap stock that realistically you would need pretty big positions to make good money on it halt level is at 95 so and see if it can get above two dollars i guess i'm not sure if it can i think one of the problems today is that there's a lot of different stocks that are kind of popping up but there's not one obvious stock so i think probably traders are sort of more dispersed across the market we're not seeing really really hot crazy momentum on anything in particular there's you know some whips on a couple of stocks popping up dropping back down but nothing that is worthy of getting aggressive on at the moment kodak above and below the v web choppy so this is a short probably now with a stop at 24. very nice on tesla though nice moves there um yeah obln is forming a one-minute pullback but because it's so cheap my expectations on it are very low so i just don't care to trade it so i'm just gonna sit and wait for a few minutes you know one of the things that is important is kind of distraction i've got my scanners running they'll beep if something pops up but right now if i just stare at stuff it'd be it might be easy for me to just jump into something and then have an unnecessary loss i don't want to knock myself out out of the game you know for the rest of the day so i have to just you know be a little careful right so you know i sit down and all right kodak's back through the v-wap so could i could it would have should have this is the choppiness you were short now you're like god dang it it's ripping up you're you get long here it flushes god dang it's range bound it needs to break out of its range and breaking out of its range ultimately is holding over 14 and squeezing through 14 25 and then 14.50 that's going to be breaking out so we're you know moving in that direction i suppose but um 1450 you know we need to see it open up a bit more i don't i don't know if it's going to you have a bit of a decline in volume right here so volumes dipping down as we get further into the day and traders get frustrated with the price action so i'm not jumping into that one right now not yet is that kodak back at the lows yep there it is back at the lows chop chop chop that's difficult stuff to trade bln up another seven cents so that's your ascending support line right down there ugh obln high is 1.85 there but pre-market high is like 220 so it's well off its pre-market high still kodak coming down for sort of a triple bottom but again if i buy this dip off of support i think i'm just asking i mean again i feel like i'm asking for trouble for it yes buying into a big red candle like this seems safer than buying the top of a green candle but i i'm just not interested in doing this obln there's 85 are we going to get that squeeze on this up to two dollars order would be at 95. so see how you get that flush on kodak so your high is 88 if we get the break of two then we got something we're working with halt levels at 212 so we're starting to ascend up closer to that halt level this is a micro pullback at 88. watching for longs accumulating at 90 i'm looking for a squeeze on this up to a dollar ninety five and then a break of two there's 93 i'll add over 94.95 i want to see if we can squeeze possibly into a hall let's see what it does or is it 98 hi that candle is 93. getting out for right now i'll get back in i'll leave an order at 95. if it keeps holding up but that was like you know two three cents if it gets over two dollars so that's more interesting so watch here there's 95 watching to get back in with an order at uh two dollars looking for the break through two and then a squeeze up to 210. so we want to see 95 adding at 95 adding at 97. looking for a quick breakthrough two targets 205. i want to see maybe we got to move up to 210. adding at 99 right there looking for a quick break through two watching the seller to come down and then i'm going to add it to now that we're starting to open up a little bit i'm going to try to scale into this one a little bit more orders at 2 to add watch here 97 98 99 we want to catch that quick break of the whole dollar and then a squeeze up to 10. halt level's moved up a little bit that gives us room if we can clear two adding at 98. starting to accumulate here right underneath the whole dollar watch for 99 adding at 99. there you go well not a great break only made 120 bucks on the stock high is 204. we'll see if it holds up now it's got to break through that level high is 204. i didn't sell i tried i wanted to sell on the break but i didn't get anything filled i sold it 99 and 96 so but we'll see if it gets back over 2 and 204 low that pullback is 89. seller at two five minutes extended 204 it's a spot to watch orders at 206. watching long looking for a squeeze up to 210. watch 206 207 i'm gonna squeeze up to 210 holding right now looking for the break through the flat top added five there's seven eight we can get a move up to ten orders at ten for the next trade is going to hold two i'm adding it to a one i'm buying the dip it's holding two now looking for a squeeze back up to 210 orders it two nine to add whenever it dips down and holds a level like that i start to add because now i'm looking for a move up to 210 215. watch over 207 adding it uh 207 i'm going to add a 208 and then 210 and try to ride the momentum on this up through 215. so we broke through the whole dollar we're holding above it look for 208 209 for ads and then move up to 215. maybe we see a test of 220. watching for my ad adding there at eight so scaling up there for the breakthrough to 10 over 210 then we're looking for 215. this is a cheaper stock so we're trading within the range but i'm looking for a move up to 215. so target is 215. there's 208 on the ask i want to see a breakthrough 210 watching over nine so these are quick breakout trades the long over 208 209 and then up to 212. this is bullish that's holding this area here looking for the break through nine and ten no selling uh for a small loss but up 578 on the stock so green on the first trade red on the ad back had to hold above two the high is 209 dipping back down here i'll come back to it if it gets over 210 but i'm not sure if that's gonna happen so only made seven uh 578 dollars on oblm it needed to break 210 and go to 215 and it couldn't do it five minute is still extended from 1.40 up to 209 kodak selling off pretty hard obl n i'll even order it 210 so it's ready to go look at obln backing at 210 on obln and over 215 is an ad so obln if it wants to trade like this i'm going to try to capitalize on that momentum i is 220 orders at 220 on obln to buy the dip back in at 13 on obln now looking for the breakthrough 20. it's an ad over 220 for a squeeze up to 225 230. so watch over 1819 i'm adding there nice trades is it going to go higher so now looking for the next level on this selling i'm going to look for a pullback on obln the high is 28. i'm going to leave an order at 30. buying obln here at 24 i'm getting back in now for the breakthrough 30. this is a one minute micro pullback adding at 28 watching here for the ad adding there 25 now looking for 28 adding at 30. now looking for 34. taking some profit at 30. new order goes at 35 on obln all out 29 orders at 35 for the next trade so on that trade there i made some good money the high is 35 adding at 32 now looking for a squeeze up to 40. over 40 is an ad watch the break of uh 240 now we're going to look for a move to 250 halt levels 256. this is starting to look like we might get a squeeze into a hull adding there at 40. now looking for an add over 47. watch 47 adding there 48 being aggressive looking for the squeeze into the halt at 56. watch this for that quick surge over the half dollar i'm going to buy this dip watching there's 47. are we going to get the breakthrough 50. put in my order to add here 51. there's there's 50 on the ask looking for the breakthrough 50 halt level 63 looking for the dip trade holding looking for an ad watching this for that quick ad through 50 and then a squeeze up into a halt adding at 47 right there nice taking the profit off the table at 51. so um that was a nice trade the new high is 55. all of a sudden you know we had to wait till 10 30 but here we go that was a false breakout though it hit a high of 55 and then dipped back down so we don't love seeing that type of false breakout i've got a dip trade at 30 long buying the dip i want to see if it pops back up to 45. there's 34. adding at 35 now looking for the pop back up to 45 first one minute candle to make a new high i'm still thinking this has more potential in it i'm now starting to think about a break of 250 and squeeze up to 275 or maybe three dollars look for the ad over 250 watching this for the squeeze through the half dollar orders at 50 to add and then we're going to look for a quick break through 55 then move up to 65. adding at 47 right there looking for that quick breakthrough 50. 55 is my last ad spot target is 65 maybe we see a quick squeeze up to 75. watch this right here over 51 52 very bullish up 130 percent there's 55 it's a false break i'm in at 42 average is it going to hold this level where's my new order a double top we've got a double top of 55 new orders of 56. if it breaks the double top then i'm gonna add right now i'm still holding 1900 shares at 42. i'm buying at 32 i'm buying the dip it's a double bottom dip off of 30. now looking for this back up over 45 watching over 40. we're up 119 there's 40. taking some profit 41. new order goes at 50 is new orders is sitting at 56. so we had a double bottom at 30 and we had a double top at 55 so that's our range right now this right here is our range it took all morning but finally we got this momentum stock so i have my order at 50 uh i'll put my order at 60 so it's ready to go starter at 50 i'm going to add over 55. 55 that's the breakout and we've got a lot of volume here so i'm looking for a breakthrough 55 orders at 60. we get the breakthrough 55 then i'm looking for 65.75 we're trading within the range right now so i'm holding right now at 48 and i'm willing to add at 55.60 let's just let it kind of work for us we've got a flat top of 55 that's a flat top breakout pattern we talk about that in the warrior pro classes watching for a dip off of the flat bottom so my entry to anticipate the break there it's formed three top so now we've got to wait for the next one to come up so i'm going to hold and look for my ad that's why i have starter size on this and i'll add through 60 55 and 60. i would say the critical spot right here will be obviously the line 55. watch over 48 and then 49 i'm gonna buy dips on this watching for a dip trade off the low adding at 40. so accumulating a little on the dip but we know 55 is the breakout spot so i want to add over 50. watching here 48 adding at 50. now looking for the squeeze through 55 adding at 53. now looking for a push up to 60 we're not getting it i'm selling at 52 and i'm going to leave my order at 60. so now i've given this one several tries at this area aqb also hitting the scanners uh nice surge there on aqb obln it's now got four taps four tries at that level this five minute candle has 20 seconds left is currently a twin double top here i'm watching for a dip i'm long at 31 4 000 shares as a starter to buy the dip double bottom i'll add to 8 000 over 45 i'm still waiting for the first now five minute candle to make a new high adding 45 so you know we're kind of holding this range my cost basis is 37. i've got now 12 000 shares my orders at 55 to add so we're looking for this to break through 250 and then 255 and we break through 255 and look for a quick squeeze 265 maybe 270. so the high there is 45. there's 41 42 i'm going to sell it for now 38 a one cent winner i can come back to it i'm going to let it dip down i'm going to try to do another dip off 30. watching down here for a dip entry while it is extended it needs a five-minute pullback on the one hand on the other hand what sometimes happens with these is that you know all of a sudden they start to rip and then they they just go crazy and then by the time they're pulling back they fade so i i don't know on this pullback let's see what it does here i'm back in at 45 and i'll add over 47.48 i'm going to keep trading it here because i keep thinking that if it breaks through 55 we're going to see a quick squeeze of 65.75 and that's gonna be a quick 10 winner and each time i'm trading in here i'm in at 45 i'll add over 50. it's an opportunity for a small winner so the high there is 46 we're looking for 46 47. my feeling on it is that bullish traders we've got a stock up 60 uh i'm sorry 120 on nearly 60 million shares of volume people aren't going to want to give up on this this is the one today and we're forming a five-minute bull flag so watching for the break back over 50 to add and then keep adding with my order at 61. we don't know when it's going to break this 55 spot it's going to be right here see look at that so i got i didn't i didn't get a chance to add and i took my profit at 59 and 60. so i it was i was too slow to add so my new order is going to be the high of 62. if it holds this some traders would say well i missed the breakout i'm going to buy the first dip so i'm buying at 55 right there so i'm buying the first dip and now over 61 is an ad and we're looking for a move up to 70. watch over 61. holding right now in at 56 holding looking for my ad over 61. there's 58 they're 60 i'm adding right there i'm taking some profit at 69. new order goes at the high the current high is 72. so putting an order here on this is 75 halt level is 86 adding at 70 starting to accumulate over 75 i'm adding now i'm looking for the squeeze up towards the halt level this is starting to look like we're going to get a squeeze up to three dollars 85 is an ad watch 285 once this starts to open up these just keep squeezing adding at 81 now looking for 84 85 86. taking some profit at 84. new order goes at 95. high of this candle is 87. waiting for a dip for my next entry so people who shorted this on the early side or had to stop at 55 now it's squeezing through this level adding at 87 right there long at 87. looking for an ad over 95 and i want to catch a squeeze into a haul adding at 95. watching over three dollars for the next ad halt level is it 307 and i think this is going to squeeze into a halt so watching for the ad at 97 98 adding at 97 right there adding at 98 there's the hall halt levels 307 is it going to break this level no taking a little profit at 99. nope it did go and i'm selling i'm taking profit on the on the break there i kind of botched that trade but i'm green on it and the high is 13 and we've got a little topping tail so now i'm going to step back for a second so my profit on obln is uh 23 000 bucks that's where i sit right now 23 906 on obln i was only up 500 before we got that break of like two dollars so now it's pulling back and now it's time for me to wait for a pullback now my gross profit on the day in my retirement account my max lost at uh pre-market on bcrx i hit my max loss on bcrx i switched to my main account which also has a 2500 max loss and i traded off that level i got green on these ones here but i was read by 500 on the morning before gtech sorry before oblm obln is the one stock that made my day one stock so my net profit on the day is like 19 000 18 500 so if i max loss on both accounts i'm done for the day so i have a 2500 max loss on my ira 2500 on the main account hit the max loss on one kept trading on the other and was close to hitting the max loss with g tech kodak ciic and bv xv but obln was the one it only takes one the problem is sometimes you end up you know having to take a few stabs at different stocks while you wait for the one so i'm going to say i'm done for the day i'm going to take the 20 000 off the table or 18 or whatever it is it's my fifth green day in a row so from max loss in one account to a green day is a terrific recovery i'm happy with that and i'll be back uh trading tomorrow morning i um you know on obln this is kind of what we're talking about this to me is done you had this you have two four six green candles in a row a micro five minute pullback which was a good flat top breakout and we were right on that but now it rejected with the topping tail three and it's come back down this is going to be a great example actually for me to add to the classes for a couple of things number one the flat top and number two the topping tail the topping tail reversal off the high so i'm going to take a screenshot of this first for the flat top breakout and then we'll grab the other one so it's always uh it can always be tricky to know when to throw in the towel and walk away i may be leaving money on the table right now maybe i could get myself up you know thirty 000 on the day if i keep trading aqb you know there might be more in this one it's a little extended on the five minute uh onct you know maybe this goes higher but rather than think about potential profit [Music] let's see i'm going to i'm going to lock up real profit and by locking it up i've now you know considered this a green day it's my fifth green day in a row so that puts me from up 50 where were we at um when we were looking at stuff earlier my trader view status hang on it was a slow start it wasn't looking good today i thought i was i thought i was going to have a red day and then we got a we got a recovery so i was up uh 52 000 on the month before today so that's going to put me up about 70 000 on the month after today not bad five days in maybe we end up seeing obln you know do kind of a dramatic pullback here and then rip through three and go up to 350. once they hold these critical dollars it's significant whole dollars half dollars but for right now um i'm gonna i'm gonna ease off the throttle for a second now obln also was an opening range breakout and i was just i had made a note on um over the weekend that i need to get more examples of opening range breakouts and lo and behold here we have a five minute opening range breakout on olbn just when i needed it so i'm going to grab this one and add it to the classes as well now despite the fact that this was a bad pre-market chart it was a bad pre-market chart and you know i i can't tell you why sometimes these end up working i don't see the rhyme or reason in it but you know i don't want to say no to momentum and i was hesitant at first when it was a you know dollar fifty dollar sixty i was like i don't know um but it worked so um i had promised over on youtube because today's the last day of the um cyber monday sales that i would do some q a for you guys so why don't we do q a for 20 minutes up until 11 a.m and so if you have any questions about what it's like to be a warrior pro student uh this is a great time to ask warrior pro students if you want to you know tune out or you're you're you're done whatever that's fine um i'll just be walking these guys through a couple things here but my biggest position on obln was 45 000 shares so i stepped up to the plate with big size and that was the right move so i'm here ready to trade with 40 50 000 shares but only once the stock proves itself i increased my starter size on oblen to 5 000 shares from my typical of 3 000. so four clicks and i'm long 20 000 shares two more clicks and i'm in with 30 two more clicks and i'm up to you know 40. so patrick because it's the last day of the cyber monday sales if there are people out there that had questions about being a warrior pro student i wanted to make sure i answered those questions so going in through the rest of the week they'll be they'll be less focused there so of course this is the members dashboard members you know this this looks familiar to you so we can log into um any of the rooms here small cap large cap go back into the scanners simulator classes mentor sessions jess is going to do a warrior pro mentor session i think at 11 a.m so in about 20 minutes oblen very typical that you see this big big surge and then reversal these ones can be frustrating how do i set my stop orders well i don't use any stop orders while that is um on the one hand risky on the other hand when you trade with 20 30 40 000 shares usually you don't want to use livestock orders so i do not use livestock orders i use mental stops which means if i see if i see something i don't like i get out so breakout or bailout is a big part of my strategy yes we have a lot of european students uh those on youtube who are european feel free to call out where you're logging in from roberto's 100k club student and he's trading from italy nice on onct and nice on cbat both of these have held up so reading the tape with my entries that's all part of the warrior pro classes with the live trading archives so how to be mentally ready to hit that button as part of that as well hey miles bulgaria london germany italy uk berlin ecuador brazil denmark lithuania spain germany india welcome thank you guys the netherlands those obviously on youtube and facebook you know one of the things that i talk about a lot with my disclaimer and this is of course true with students as well especially new students you should not be blindly following me trade for trade you've got to understand the strategy i mean if you were saying if you waited for me to say i'm long at 55 remember how fast that broke 55 and went to you know 65 you're missing the move kodak i took a trade on it in the simulator this morning and it looks like i'm down two dollars a share from 1323 so this is where some traders would say okay i'm gonna average down see bring down my cost basis now my cost basis is 1162. i'm down the same amount of money but this needs to bounce real quick otherwise if i lose another 20 cents you know it's going to be another 3200 loss so you got to be really careful of averaging down but this is why you practice a simulator before you put real money on the line obln this one has pulled back off of three nearly a dollar a share so that big big squeeze and then that fade off the highs what's the kodak chart look like yeah flush there all the way down to 12. it's it's very weak which is discouraging so there's a six thousand dollar loss on kodak now the thing with the simulator is that you don't get any slippage on your entries and exits so you can trade with huge size and that's not always realistic going to close that down uh not giving in to fomo is one of the biggest challenges ted was with us this morning at uh 8 a.m doing the um mindful monday session he'll be back on friday at 3 p.m to do fomo friday so try to get you guys started um in good shape on monday and and kind of do a wrap of the week and get standard going into the weekend so you kind of unwind and enjoy the weekend then come back on monday recharged i thought this was going to be a continuation of my red monday and i said remember i got up i said i'm not going to i'm not going to force stuff i'm going to wait and i just had to wait now if i had kept trading kodak i could have easily hit my max loss in both accounts on kodak instead i said no i'm going to wait for better quality setups to come my way and finally we got it on this move on obln from a dollar 75 up to two pull back a rip higher so this is momentum trading stocks are strong and i'm buying them and adding into the highs sometimes you get to move to three sometimes you get to move to four sometimes you get to move to five six seven eight sometimes you only get a move to 250 and then a flush back down you never know how much you're going to get which is why you want to take profit along the way gtech curling off the lows a little bit i am green on gtech but it wasn't an easy one ciic i did take a small share size made 18 on it so nothing really there so let's see um is jess let me just see if jess is taking the warrior pro mentor session at 11. obln is bouncing off the volume weighted average price right down here while some people may do a long um yes no you're right i don't i always break up my orders to 5000 usually 5 000 share blocks so i'll start scaling in and then scale back out if i when i'm taking profit although some people might take this and it is a high volume ramp up in a low volume pullback it's a fairly large retracement from three back down to 240. but since the move started at 1.60 it was almost a 100 percent move and now with 50 pullback it's still actually bullish so we'll see jess is going to be starting in 10 minutes the warrior pro mentor session and no you're good to go uh you're good on that so you know if i was still red right now coming up to 11 am i would probably at this point say you know what i don't see myself getting out of the getting out of the red i'd probably take a break maybe i'd come back at one and see if we get anything from 1 pm to 4 p.m to try to dig myself out of the hole but it's not very good discipline for me to be doing that when i get into afternoon trading is it's often when i start making bigger mistakes and things can get sloppy for me so the right thing to do is usually to walk away with the losses whatever they are at the end of the morning and come back to live another day by trading the next morning unfortunately um you know if you overstay your welcome you just start to get um order 10 above chrome price um you just start to get sloppy aqb maybe uh we do have australian students i'm not sure if they're still on right now but i know we do we're international trading community so we do have traders adam says he's from australia so what time is it there right now is it is it to tomorrow morning or luca is there adam's in melbourne luke is in sydney milton's from australia i don't i'm not good with the time zone stuff it's 3 a.m my god 3 a.m good for you that's dedication but hey some people are night owls maybe this is the time where it's a little quiet you can focus get some work done sleep late and then you know whatever okay so let's see um i would say that aqb is a bullish pattern right here over um you know over 10 i certainly see that the high a day is 10 15. so it's kind of close um i i don't know if we're going to see a big move on that the first five minute candle there's a 14 000 seller 13 000. 12 but 10 also on nasdaq so you see and then all of a sudden it's gone so someone bought it up and there you get a 10 pop i'm not in it there's 14 cents 15 on the ask 17 on the ass 25 on the ask so you get that kind of surge maybe i don't know some people cover short now all of a sudden you've got 30 on the ass now some people are going to be giving it a fomo and just punching that buy button at 30 hoping for a squeeze to 50. there's 40 on the ask short sellers might start covering over 45.50 there's 34.36 so nice there i left a little money on the table on that i could have could have traded that one but you know i chose not to um i like walking away sort of on on top you know like with my highest of the day and if i continue to trade and i start to give back a little then i kind of feel the urge to try to make back what i just lost and then things can get sloppy obln i will watch this through the lunch hour to see if we get an abcd pattern i would not although you could take a quick trade there for first kale to make a new high if you want to i i wouldn't be typically a trader there um at this time of day it needs to do an abcd pattern to be a better setup so great job today everyone um i will be back at it tomorrow morning same time as usual live streaming around 8 30 8 45 we'll open the chat room around um 8 a.m those you guys on youtube and facebook who haven't already used the cyber monday coupon um we extended it through monday i went to philadelphia for the weekend my sister had a baby and uh uncle ross had to get down there and help him out a little bit so i was out of town for the weekend and that was fun but i was planning on doing facebook and youtube live on friday night to kind of close out the cyber monday sale on friday and i was going to do the demo and the q a then so that couldn't happen and i didn't want to do it last night because i was kind of exhausted so i decided to do it this morning as part of the the morning show run it longer with a demo at the beginning and the little qa here at the end and i hope this has been helpful a little unusual but hopefully helpful and yeah so that's going to wrap it up for me so make sure you guys use those coupon codes and i will see you all first thing tomorrow morning hopefully we'll have some new students in the room and uh we'll be able to help guide you through the journey of learning how to trade and avoiding the pitfalls and the rookie mistakes that uh trip up a lot of beginner traders and end up you know with people getting frustrated and losing money and i hope that we can get you on the path certainly to success that's you know that's the goal so that's it for me thank goodness for obln that was the one today got me out of the hole and 23 thousand dollars in profit on the squeeze from you know basically 210 to three dollars so one dollar a share gave me 23 000. on this one had we gotten a squeeze up to 350 45.50 that's when we'd be talking about a 50 60 000 green day but i need the stocks to continue to make those types of moves and today i made the most that i think i could out of what we were given and the granted i have left money on the table on aqb i probably realistically would have taken 6 000 shares of this for the break of 10 taken some profit at 10 20 added back on this one minute pull back at 10 30 and be taking profit here so i probably only would have made maybe 24 2500 on it i don't know that i would have really crushed it but you know this one because the volume is a little lighter and the spreads are a little bigger i wouldn't have felt comfortable taking 15 or 20 000 shares of it and not at this time of day so although i'm leaving some on the table it's not it's not a crazy amount it might have added 10 to my daily gains but it might have also taken 10 away and i'd rather close at the highs so again i'm going to put up my disclaimer here and i will see you guys all first thing tomorrow morning and enjoy the session at 11 a.m with jess

Channel: Warrior Trading

Views: 460,287

Rating: 4.85818 out of 5

Keywords: day trading, day trading strategies, trading strategies, how to day trade, beginner trading strategies, momentum day trading, stocks, trading, how to trade, stock trading, penny stocks, pdt rule, shares, float, volume, candles, profits, Wall St, finance, brokers, Ross Cameron, warrior trading, day trade warrior

Id: XaO1RzhCtQ8

Length: 174min 20sec (10460 seconds)

Published: Mon Dec 07 2020