+27k Day Trading $PPSI during the Day Trading Morning Show with Ross Cameron

all right good morning everyone well uh it's about 8 30 so we've got about an hour to the bell and as i sit here looking at the scans one of the first things i'm thinking about of course is how things finished for me uh last week so i had a couple really good days last week as you may recall i finished the week up about 150 000 but on thursday i was up fifty thousand and then gave back all of it on sava finished the day red by s um five thousand or something like that uh then i uh on friday was up 73 000 finish the day up 23 000 gave back 50 off the top so two days in a row giving back 50 000 could have finished the week up 250 but pushed it a little too hard and gave back some gains which is you know i mean it's part of the deal it's fine but uh that's gonna make me a little bit because that happened a little bit more mindful today to try to keep profit in my pocket so obviously i've been doing the best pre-market especially when we have some type of breaking news and something is moving up quickly so that's what i'm going to look for i've gotten distracted a little bit once the bell has rung with stocks that started popping up but didn't have maybe a really clear catalyst and we're just on the high day momo scanner so you know in some markets high day momo scanner can give some great ideas of something that's moving midday but it just hasn't been the case in the last couple of trading sessions that that has paid very well so probably at the least we'll be reducing share size now ppsi is our leading gapper it's coming into a flat top resistance area at 5 30 almost to the penny right there so i'm i'm not a buyer at this level uh as it comes into that resistance it's uh got a float of 4.02 million shares which is not bad floats pretty low uh does have some news that was out at 8 a.m it's gone from 3 35 up to 5 35 so it's up 58 that's all looking pretty good pioneer power solutions this is a um in the you know mobile ev charging stations salute charging solutions this is the catalog the headline here so other stocks are in a similar sector blnk this is one that some people may focus on as well ev sympathy things like that oops bl and k so that sometimes we see sector a sector-wide kind of surge of momentum we may see that today we may not i'm not sure so ppsi is the leader blnk um a little further behind but on the gap scanner up 15 blnk price is a bit higher float is a bit higher and after ppsi you've got six stocks that are or five stocks that are all higher float and are probably not really ideal in my opinion autl floats 70 million shares so for me and just to kind of throw it out there especially for those tuning in on youtube thank you guys for tuning in i hope you've hit the thumbs up i hope you're subscribed to the channel have a goal of trying to hit 1 million subscribers by the end of this year if we do it i'll do a small account challenge starting january 1st so that's a reason to hit the thumbs up and share the youtube channel with some friends so as always i'll put up my disclaimer here as a reminder that trading is risky and my results are not typical so you should assume as a beginner that you lose money with that assumption only traded money you can afford to lose practice in a simulator before you go live now i'm going to share my results with you of course here today it is important that you know that my results are real verified audited proven profitable so you know the person you're learning from is credible all right so ppsi leading gapper i sit down and look at the gap scan so this is the scan of all the stocks gapping up these scans are available for our students so ppsi leading gapper i know right away it's something worth looking at because it's up 54 the price is five dollars and the floats four million shares now without looking at the chart i don't know whether or not it's a buyout but initially i'm interested autl with a 72 million share float that by itself i'm already thinking now probably not likely it's not unless it's a meme stock and i don't think that it is i probably wouldn't be particularly interested so autl you know if it gets over 750 maybe but i have low expectations for a stock like this daily chart it's not recent ipo it's not blue sky so it doesn't have those things that can help override a higher float so no interest ttd um this one not very interested 430 million share float it's gonna be very thickly traded stock lots of algos not interested vlta 150 134 million share float somewhat recent ipo um so that one's a little bit better all-time highs on it are looks like up around 17. something like that 18 so a little bit better but not quite there yet next one down evgo ev is it and it makes me wonder if it's ev related electric vehicle related yep and it is so we're seeing again continuation in that sector all-time highs on this one up around 24 or so okay 2434 okay blnk is moving a little bit higher as well so that's evgo blnk now up 17 again the float's a bit higher the price is a bit higher it's not a particularly recent ipo setup or anything like that so it does carry some risk i think tesla gapping down a little bit on the um news uh it seems that the survey or the the poll the twitter poll is indicated that elon musk should go ahead and sell 10 of his steak which is a significant steak tesla floats um 816 million shares but i think i read that his 10 is like 170 million i don't know maybe he has to exercise options to do it i'm not really sure anyways so that's tesla um ppsi mync so this is the ipo from friday i took a trade on it and lost i'm gonna kind of put a note to self probably to avoid ipos you know the last two ipos that i traded on the ipo day that were these kind of like um small cap stocks i really did not do well on so it took a 30 000 loss on this it just totally reversed that was disappointing blnk moving a bit higher from 35.50 up to 37.50 daily chart is tricky though because there's not really an obvious it's blue sky is far away don't really see an obvious trigger maybe there's resistance up in this area 37 actually so this is one of those ones where the chart doesn't really look that great ppsi is still the leading gapper but it's not what i would call parabolic it made i mean again this is all it's all relative but in in our current market um this is not strong enough and the volume you can see is dying down so it's pulling back so right now just uh going to be kind of sitting tight waiting for something to pop up that looks a little bit more interesting bkkt let me look yeah uh it started to curl a little bit on friday if you recall pre-market it squeezed from 33 up to 36 so it's you know kind of started basing out a little bit here really a five minute chart over a longer time frame 32 sort of based out there it's got a bit of a channel coming back down right in this area so see how it's this wedge if a tbb disappointed it didn't hold up better yesterday uh yesterday's high or friday's high was 31 from a pre-market high it's at 19 right now so let's see a pivot on this would be probably over 27 and another one would be around 25. so if it broke over 25 and then over 27 that would be bullish so you can kind of see how it's based out along this line but then it broke it a little bit after hours going sideways pre-market was above it but got back below it so ppsi has that resistance level there high is 48 it broke through 30. i'm not a buyer on this just yet but we'll see how it trades through this area so sitting tight for a few minutes we'll see if either this opens up a bit more or something else shows up so just sitting tight right now i hope you guys all had a good weekend maybe we'll rest up a little bit maybe and get ready for the week ahead i had to bring my dog to the 24-hour vet on saturday not june don't worry the other dog he's he's the second most popular dog uh in our house he definitely um dropped a place after his episode on uh saturday he was walking funny he was having a hard time standing up brought him to the vet they said he was faking it so came home 4am didn't sleep well saturday night yeah i guess he just wanted a little extra attention ppsi this is the type of stock where it's uh it's a bit more uh thickly traded not a lot but a little bit more thickly traded than some of the ones that we've seen hi there 58. so i'm kind of recently a little bit more interested in stocks between maybe well five is not really a problem necessarily but uh i i like it more when they start at five and then move higher because when they start to get crowded and this is pretty thickly traded here in this level it's hard to make uh a lot of money for me to make decent money i would need to take really big share size and these breakouts aren't as big in terms of dollars per share you know just made a new high there by like six cents and then pulled back so i would need this breaking over like 575 585 595 going to six six twenty five six fifty six fifty six seventy five seven and i don't see it going up two dollars a share at the moment it's already it's sort of extended i it already is up two dollars a share and i missed a good entry in about 13 minutes it'll be 9 a.m and we'll see if we have breaking news at 9. that could give some fresh opportunities that's um it's a good thought that's a good thought doug jack well you know and part of that is because we've been having stocks that start in the 8 to 10 and then go up to 12 to 15 20 to 30. you know fatbb that one went from eight dollars to 30 bucks dwac went from eight dollars to 175 dollars so i think that when we have something that's been moving um you know that much then it becomes something i'm focusing on pretty closely because it's uh already shown the ability to be parabolic and make a pretty big move yeah this guy's kind of wedged right in here i don't know if i can get get it wedged on the other side maybe it's kind of tight quarters back there looks like that didn't help so this is grinding price action grinding price action is a little difficult because you get the surges but then it pulls back it surges and then pulls back so your high is 80. so what are the other levels on the daily chart um like i said these are tough because you know i jump in like right right there for the break of 80 i'm only up four cents a share at 84. even with 10 000 shares it's only 400 bucks and you know you don't really want to be punching the big big orders up there right at the high when it's this extended on the 5 because you might end up catching a topping tail and then it reverses so i'm keeping it on watch but i have to wait for a better entry if it starts to break away uh and and move faster then that could present an opportunity but it feels like volume is declining here so i'm concerned that it's coming into resistance the lcm has some news 9 million share float same well it's about managing risk because that 10 000 share position i'm risking ten cents which is a thousand bucks to make only two hundred so the risk reward ratio there isn't very good those look cool so your high right now is 95. 10 000 share seller 95 there's 97.98 new high nice david good job got green on ppsi so let's see if it breaks and then comes back below if it holds six then we can reestablish his six being support but i'm not sure if it will so let's just see so it seems to be holding so i'll take a starter there at 6 10 and then use my stop as uh six dollars so the high there is 635 so my new ad is 635. watching 26. adding at 27 27.28 and taking some off the table at 35 so new order goes at 650. so what was critical here was that it broke six and held above it i was then able to use six dollars as my stop stop was 598 cost basis is 614. so now our new high is 638 new orders at 650. micro pullback watching adding there 630 now for the breakthrough 638 and 645 if we can break over 650 then 650 becomes the new support level for a move up to seven dollars so watching over the high here which is 642. unwinding the position for a small loss there stop was the low of this pullback which was 620 i added at 6 30 ish stopped at 620 625 that may end up being a volume top through the highs but new order would be at 42 which is our high a day and i think it's important to watch it around six to see whether or not it holds support at six dollars i just realized i'm not in my retirement account so i'm gonna put that aside and now trade in the retirement account dip trade at 23 bought the dip now add is over 38 for a squeeze through the high watching for 38. so these dips are getting bought up which is good to see looking for the first one minute candle to make a new high now the ppsi is opening up up close to 100 moving a little faster we'll see if we get that move up towards seven dollars watching for a dip to add add it at 20. so we're looking for the first one-minute candle to make a new high which is going to be over 35. so when i start seeing 28 and 29 print i'll be adding to anticipate the breakthrough 30. so there's 25 on the ask i'm looking for 27 and 28 added 27 added to 28 next adds 35 as it starts to lean up towards that level for new highs there's 30 watching over 35. right now feels like a little bit of a battle taking uh whatever it is 195 dollars off the table i can come back for a dip closer to six starter at 6 15 but only 4 000 shares double bottom there 606 i was hoping to get in a little closer to 6. we're extended on the five minute chart so i'm just going to take the profit there for now on that let it pull back again this is the spot where if we had squeezed through 35 then i think we would have had short covering through 40 through the highs but it pulled back so i'm all out right now looking for the next entry you can see we're extended on the five minute chart the one minute is pulling back a little bit most brokers will let you set up a retirement account to day trading so it feels like it might break this yellow ascending support line and then the question is will it hold support around six dollars if this breaks through 42 i would expect volume because it would be very very bullish for that to happen but it may not it may continue to consolidate and pull back a little bit more so i don't have much of a profit cushion in my retirement account so see how it's coming down a little bit more the nine moving average is right there the 20 is down in the 80s but then at the same time it does um i'll add a 25 there just a starter let's see if it breaks through 45 there you go there's 45 so it's a little short covering i'm taking the profit off the table on that wasn't a big position but i wish i had gotten an entry right that right down there on the low of that candle added back at 606 bought the dip looking for a bounce back up to 6 15. watching at 602 support at 6. so you can see how you have that the whip on that candle the fact that we have that already you know it's not ideal unwinding that position for a small loss it ends up forming this uh fairly large red candle rejection which on the five minute could just be the beginning of a pullback here on the one minute we actually got a break through the highs before that reversal so watching now headlines at 9am brqs is too cheap so ppsi is our leading gapper but let's see if anything else pops up that looks good mgi i'm a little hesitant on that one floats a bit higher moneygram international so want to focus on the obvious stocks in order to be obvious they should be moving quickly ppsi we got some action on it i was able to ride that momentum on that break of six held six and then six ten for the ad that worked well this on a five minute ppsi is still worth watching the 20 moving average is right around 84. that could be a support level but the first five minute candle to make a new high is not going to be for another three minutes so this would be a little bit early for an entry maybe some ascending support there so starter at six i'll just see if it curls back up to six ten and then 6 15. so watching right now for an ad over 610 added at 10. see now we're starting to bounce off that support level so the next spot to watch is 618 and 622. it's still showing some good support so what i'm going to do here on this is have orders around six to add at the whole dollar or 25 so 625 for the upside add so watching over 625 as it's curling up here i'm gonna watch 17 and 18 or support off of six so dip trades off of six dollars or 625 for the breakout to the new high well to the um well we'll see maybe back up to the new high 650. so right now looking for the break back over 21. watching for a dip for an ad off of six ten added 608 607 watch 615 [Music] 617 for the breakthrough 620. so now we're get coming very close to the first five minute candle to make a new high which is going to be right here over 619 in 30 seconds so there's 17 on the ask then we have 18. so let's watch their 17 on the ask looking for 18 then 19. 10 seconds left on this 5 minute candle then we're looking for a breakthrough 619 620 first 5-minute candle to make a new high that candle is now closed ten thousand share bid added at 609 to buy the dip now looking for the first five minute candle to make a new high through 619. so there's 621 there we go happy with that the question is how much higher does it go taking profit into the breakout i think is the right approach it is still extended on the five high this candle is 6 35 very nice first five minute candle to make a new high watching for dips again we may end up seeing an abcd pattern on this the high there 35 new high 48 so 35 is going to be probably the new trigger then 48. watching starter 604 about the dip there off that yellow ascending support line holding small size now that's enough girl added back at 6.601 dip trade will it hold six then add over 615 looking for it to hold the psychological support of the whole dollar added 603 as it's holding now looking for the curl back up through 612 and 615 you see how that's a bottoming tail candle bottoming tails like that are bullish so there's 6 10 there's 6 11. so just trading in this range 610 611 is almost 10 cents from the 602 average took some profit watch for another dip off of the yellow sending support all out for now so up seven thousand two hundred in my retirement up seven thousand in my main account so fourteen thousand on the day yeah joe mostly nice work gmac 1000 bucks on ppsi that's great so right now we're in a bit of a abcd pattern pivot at 35. it's a bit top heavy still so that carries some risk tlsi um i'm not sure about that daily charts pretty weak i'm not sure if there's news on it let's see granted fda emergency use point of care tested for so for a coveted test i don't know if that's really big news right now there's a lot of other kova tests that are already available yeah so feels a little slow today except for ppsi we have one that's given some opportunity double bottom down there is at 87. i'm going to take a starter at 94 on ppsi the reason it's a double bottom set up right here off of 87. so there's 605 that's 10 cents that's where i can take a little profit and then i can look to add if it breaks over the high there of 613 new order goes at 6 13. so double bottom of 87 my entry was 94 average holding right now added it 14. average is now 605 looking for the breakthrough 15. so it's reclaiming six which is good sold for now at 6 10 we'll look for dip trades off of the six dollar level orders at 603. so put out the buy order but did not fill at 603. so we said we're revamping the youtube channel so we're going to highlight all of the most popular content and the older content we're archiving we're going to make that available for our warrior pro students but we're not wanting to keep as much free content out there watch over 1516 added at 6 15 right there adding at 6 20. now we're looking for a retest of 625 see how this is curling up here now 35 is the next ad watching over 635 added at 31 looking for the breakthrough 635 and then we'll see if we get a re-test of 650. this is looking pretty bullish right here nice big green candle so i'm going to give it a moment and the high there is 32 there's 33 can we get 38 and 40 watch for a dip and then the breakthrough adding at 28 right there for the breakthrough 645 635 and 645. so this is the most obvious stock today this is certainly the one that's in play high of that candle is 35 so that's our level that we're going to want to see break and then we're going to have a target of 650. added there and taking a little profit as it breaks new order is at 45 so quick add and then profit adding for the high a day break and then profit as it breaks through to 38 watching for a dip now added at 22 on the dip for the pop back up to 32 and out the rest at 21 new order goes at 40. dip trade at 15 17 dip off that yellow ascending support line next ad would be over 25. so we've got about fifteen minutes to the bell ninety percent gain right now on ppsi watching six area for dips volume higher on this five minute candle right here which is good hit a high of 38 i wish i had retested 650 high a day still in at 6 17. added at 18 that moment of pause there that's kind of like low tide sometimes where it pauses and then starts to curl back up so that's can be an ad spot still watching 635 hi this one minute is 27 new orders at 35. so now that volume on this green candle is higher than the previous red candle we still have 30 seconds left high is 38. watching for dips and then the breakthrough 30. selling it for now let it pull back so for lack of anything else to trade this one uh is the most obvious stock today reminders always for those watching uh the morning show on youtube thank you for tuning in i hope you've hit the thumbs up and are subscribed to the channel my goal is 1 million subscribers by the end of this year and if we get there i'll do a small account challenge starting on january 1st i'd also remind you as always that trading is risky my results are not typical you shouldn't try to blindly follow me or anyone else most beginner traders lose money so you should assume that you will lose and not trade money you can't afford to lose and it's always better to practice in a simulator before you put real money on the line stocks like ppsi can be quite risky they're very volatile it's got a lot of range the spreads fortunately aren't too bad on it but it also feels like it might be one that is going to want to do some bull traps we've already seen two of them we saw a bull trap right here at 650 and we saw another one right about there those big red candles that followed the trap so the high back there was 38. so there's sellers here but let's see if it breaks i have a starter at 36. i'm worried a little bit about a possible bear trap but if it does just keep grinding higher so we know our high is 40 48. added at 27 on that dip this is a five minute consolidation pattern there's no question about that so naturally the target would be a breakthrough 650 and if we break that level and hold above 650 then we're looking at 665 670 and then move up towards seven about uh 11 minutes to the bell 12 minutes to the bell i'm looking for a break over 640 possible ad spot be around 642. dips off of ascending support so this is an area where i can start to work on accumulating for a breakout launching the chart accumulating on pullbacks for the squeeze through the high short covering likely through high a day 48 so we start seeing 40s print that's where if i were short i would be covering before it snaps through the high because once it snaps through then all of a sudden you're going to be getting slippage this is about yeah this is a moving average pullback uh certainly on the one minute there's 32 added at 17 accumulating on the dips so you have you have that dip bounces back up low is 13 i was able to add a 17 which was pretty good then over 35 and 40. that's the breakout trade target 650. so there's 30. we want to see 35. the high of this candle is 32 so 34.35 and then 37.38 [Music] hi that candle is 40. we've got 32 on the ask watching for a dip and then the breakthrough 35 i want to see it snap through 35 and go to 40 45 50 almost immediately that would help confirm that we're seeing some short covering so i would want to see on the level two i want to see the other time sales on the tape a burst of green still watching the ad off of dips because see how each of those dips it pops back up right at the 20 moving average support level selling for now taking the loss 1500 bucks let it pull back and we'll see if it curls back up at the open if it was gonna break it should have broken already off of six dollars i can watch for a possible entry the support back here on the five minute is down at 5.86 so 586 would be a support level you can see how it's uh bounced off this level a couple times 5.99 back up to 6 10. each of those are potential dip spots but um uh i and i buy the dip usually i try to buy the ask i just am getting in sometimes i'll get filled between the spread if i'm buying on a red candle because someone is selling when i'm buying yeah i see sava but i'm not going to trade it again i took a good loss on it last week and it's just it's not that interesting ocgn 193 million share float announced a submission of investigational new drug with usfda to initiate phase one two or is that half clinical trial evaluating gene therapy to treat inherent inherited latino degeneration i don't know about four minutes to the bow so we're kind of in this consolidation range range bound trading you can do dips off the low but it starts to get a little bit boring especially as volume declines so at this point it's still our leading gapper and what it does at the open is gonna be very interesting is it gonna be able to break through uh 6 35 640. it's got room to 674 and then 737 those are levels that i was watching on the daily chart i'm not in it right now i'm just watching yeah vlcn is blue sky but no volume somewhat recent ipo and now we've got the rivn rivian ipo this one's a little bit different than the one that i tried last week and that it's more hyped up uh people are talking about it you know it's a competitor to tesla i mean small competitor but you know competitor nonetheless so maybe interesting but i'm not sure well it's going to be higher risk is high on those about two minutes to the bell so support level of this channel is 5.85 the breakout i guess if we could say 640 ultimately it only hit 648 for just a second so really this is our channel our range in in this area volume has declined a little bit but we'll see we likely will see volume spike at the open because that's usually what happens i would probably consider a dip trade off of 87 as being a good level to be a buyer because that's the that's the support level back here so 87 possible dip and i may only get filled in the 90s but still that would be the level to watch it's not too bad mike oh so this isn't the strongest setup coming into the open because it's already been kind of selling off here if it does go up to 635 640 it may put in one of those candles kind of like this where it's a big top and then it reverses so right now i'm not really doing anything i'm just kind of watching to see whether or not it even holds this level we know the first minute of the day can be quite choppy so five minute opening range breakouts one minute opening range breakouts sava for the person who mentioned that but the volume is pretty light on it you would want to see a break over 100 and i bet they'll be sellers stacked there ppsi i'm not falling into that trap not yet it's gotta really prove itself to me so that was our third bull trap and it was somewhat predictable that that might happen so up ten thousand my retirement up seven thousand in the main it's about 17 000 a day as i sit right now daily goal is 20 000 and just in terms of average days when we have really hot momentum that's certainly a time where i can step up to the plate and be even more aggressive but lcid this is one that has a bit more meme interest which means you're going to have people taking profit at sort of random intervals as it moves higher and that's going to be create some unpredictable whips so i try to steer a little clear of those evgo nice move there not not mean but has the the benefit of being in the electric vehicle space ppsi another bull trap if it didn't get you once it's going to try a second time look at that two in a row well and you're right i did trade gamestop a lot of course at the time gamestop was the biggest stock lcid is not the biggest stock today so it's a bit of trying to figure out which one is most obvious which is not always easy to do is a halt there's a gap-down reversal we trade these occasionally but they can be a little risky so gap down reversal i don't know mike i don't know it's hard to say yep i have kids qpsi you know if i was really in the groove i would probably try to dip that double bottom at 560 but i'm not feeling it right now it's already you know it's the ultimate sort of just slap in the face when it does something like this and then rips up to 650 and gets halted and you know it could happen but look at these red candles these are pretty big so i think that have to just be a little cautious short sellers right now are in control on this one so i have to wait for it to get back into a sort of spot where the bulls reclaim control and that would be certainly back above v web but even a little bit higher than that fatbb yep so this one also is a little bit of a curl off of yesterday's move because it's not a gap skin it's not on the gap scan because it's not feeling super obvious i'm going to leave it alone there's fatbb hitting the scan 2179 moving a little higher the challenge is that daily chart and what level does it need to break to really be bullish again so probably more like 25 a share the halt level is 2259 right there but i'm not in it um not really able to manage risk on it at the moment that's okay there's 23 on the ass we'll see how high it goes and then can always reevaluate so i just keep it on another chart so that's why i have charts spread across these three monitors so ppsis on a chart fatbb is on a chart that'd be uh cln vlcn and tesla 23 on the ask on fatbb this was also that yellow level that i was watching which i sort of think is important to be mindful of ppsi could we get that um that whip and curl what level would it be maybe for a break of v back over 6 and then 6 10 maybe it's a bit of a red to green but it's it's up a little higher so starter at 98 and then add will be 6 15 on ppsi watching 6 15 because if we get that red to green and 6 25 6 30 then you're gonna get short covering pretty quickly it's holding i'm adding at six fifteen now we're looking for six thirty eight to see how it's curling up here added at twenty five and now let's see if we get 640. so this is a red to green move on ppsi holding 3000 shares at the moment the high this candle is 38 so this is where a short seller's probably thinking does this break through 40 and i'm going to add right there for the break and hold 6000 shares into the halt now i'm going to hold 3000 into the hall it's a little risky up here because of how extended it is but let's just see where it resumes showing 677 put the new order at 7. so because of the way this red to green into a halt it barely gave short sellers an opportunity to cover it's just a little tricky because it's right at the high right it's like right at this level so that's a little tricky but and of course it's a little tricky because it's already done a couple of nasty bull traps where it you know popped and then pulled right back so let's see where it resumes and then we want to see it whole if it breaks over 648 which i hope it will i want to see it hold that level if it pulls back that's still okay because we still have this big green candle right here and yes as a reminder the youtube broadcast does have latency in it because youtube streaming servers are not ultra ultra low latency we use ultra low latency streaming servers for students that are streaming my broadcast that are members of warrior trading so from the dashboard their warrior starter warrior pro students they can enter here and then they have access to the scanners and they have access to a separate feed that's ultra low latency rev hitting the scanners so this is one of those ones it's revlon um i'm not going to take a trade on this at the moment if there was something maybe a bit more obvious but i'm i'm going to keep an eye out for things hitting scans but that's not going to be one for me ppsi showing a flat resumption right now which could set up for a dip and rip so short sellers may be you know lining up here and if it is bullish and it breaks then that's where i would look for more volume for short covering room on the daily up to 7 37 674 then 737 pivot and then big window up to 10 24. i think the the good news on this um thanks diggy i think the good news on this is that it is the most obvious stock today it's got 43 million shares of volume so this is what most people are focusing on bulls and bears and i think it's pretty fair to say this is a pretty bullish chart big move a pullback right to the view app and a curl yes you've got this red candle on high volume that's not great yes you do have a couple bear trap or bull traps that's not great either but the big picture is still it's a pretty bullish looking chart to me so what would need to happen is it needs to break through 6 50. now this candle this green candle is formed it's done it's going to look like that forever because the 5 minute candle is closed so when this resumes trading which will be in about um looks like about 90 seconds when it resumes trading we'll have a new candle that'll open but that candle will only have about three minutes uh two and a half minutes of time so it's not going to have super super high volume probably it's probably going to be a slightly lower volume candle which is a factor of the halt and we'll see if it's able to break through 650 but if it doesn't and we get pullback then what we have is continued consolidation below this level it continues to be our range and we'll continue to look and see whether or not there's a breakout trade in there so one minute to resumption i'm showing 652. pola that one would be a bit of a distraction right now so i'm just going to keep focusing on ppsi showing 52 resumption so putting my order at 675 obviously most bullish would be um that it dip and rips into a second hall up around seven but that's quite bullish so over 65 and 75 would be spots i would look to add for a possible second halt right now showing a 56 resumption added 66 next add 75 added 75 there's 80. next adds 85. so we're looking for holding 2000 shares right now 68. this is a little bit of a pullback topping tail right up on that yellow descending resistance line so it's now come back down to about 20. red candle and we've only got a little bit of time left on this five minute candle the first one minute to make a new high would be over 65 so i'm going to put an order at 70. added 60 it's holding the half dollar next ad is 70. added at 70 there's 80. took the profit new order goes at 7. so add it at 90 right there next ad is 95. we're going to look for the breakthrough 7 and then a possible squeeze up to 725 halt level watching for an ad at seven dollars this is a one minute pullback that five minute candle closed green high volume added there at seven now add is 7 15 so watch 7 715 as we come a little higher so it's chopping out a little bit holding 3000 shares watching for a dip added 89 for a dip and then the retest of seven dollars we're up 112 percent obviously back of my target on this would be 725 750 737 is a daily level that we're watching so we want to see it pop back through seven watching dips that that candle closed red so i'm going to sell the rest for right now the high of this candle is 16 so after four or five green candles we get a red candle that's predictable so sitting up eighteen thousand eight hundred of my retirement plus seven thousand so about twenty four thousand on the day twenty five thousand this is a light volume pullback right now so i'm going to take a starter 65 add to be over 85. looking for this to curl back up for a retest of seven we like light volume pullbacks they're bullish added at 78 right there we want to see if dips keep getting bought up on this and if it curls back up over seven dollars now up a little over 20. that was a nice trade new order goes at seven nice dip hesitated a little bit up there at 85. new order goes at 7.05 our high is 7 16. add back at 85 next adds 95. we're starting to set up for our first one minute candle to make a new high it's not going to take much for this to squeeze back over 7 15. add it right there at seven into this level now we're looking for our first one minute candle to make a new high there's 710 there you go looking for an ad at 707 adding a 707 there for the break through the highs very nice still holding 3600 shares at 92 new order 715 watching the level two added at 708 there's a big bid right there so as soon as i saw that bid pop up i added for the squeeze through 7 15. i'm going to be a buyer at 7 15 for a squeeze up to 7.37 watching added on the dip at 97 buying the dip now looking for 7 15 to break and then 7 20. so we've got 7 9 watch 12 13. there we go can we get through 15. adding at 7 10 second attempt through 14 15 and then looking for a pop up to 725 the fact that it's holding twenty thousand share buyer there at seven it's just gotta break that level that's that kind of i look at it as sort of a watershed spot watching for dips added at 93 to buy the dip for the curl back up through seven we're still on a nice uh chart especially on the one minute for the curl through 7 15. i think this is still in the hands of the bulls and a break over 715 will certainly confirm that new order is going to be watching here 708 see how the 10 second chart is pulling back this is a dip for me so add it at 90. dip trades 90 and then add spots we get those bottoming tails and then we look for the break on this one minute abcd setup watch the ad through 7 15. it's a 10 second abcd it's also a one minute abcd there's 10 on the ask it's a little choppy right here i want to see a breakthrough right away new order at 7 15 watching now to add back on dips the lowest pullback here was 684. holding small size of 6.99 starting to get a five minute pullback on this that candle closed green which is good well that pullback is 62. let's quick add at 79. there was a large buyer in the 70s cost basis is 680. see 90 000 share buyer there it's getting sold into we'll keep ppsi on watch so that was an interesting spot there because it dipped and then came right back up over that level so that may end up being on ppsi a bear trap adding there at 7 08 for the breakthrough 7 15. this is a flat top breakout on our five minute chart watching looks like another one of those bear traps so gave back 5 000 on that and i think with that i'll call it a day with 27 000 in profit so that ended up being a bull trap right up there broke 715 but only to 727 i didn't even see that and then it dropped so another bull trap so 20 000 in my retirement plus 7 000 in the main 27 000 on the day on ppsi was up about 32 but gave back a little off the top so giving back a little off the top no big deal but certainly want to see those levels hold and notice pola similar bull trap right there so that's going to be it for me today a good start to the week and i'll be back at it first thing tomorrow and just like today with ppsi i'll be looking for stocks moving up quickly hopefully with news and we'll see if we do get some more opportunities kind is one of these stocks where i am a bit hesitant because this is the type that kind of became like a side side track for me last week you know where it wasn't the obvious one uh the float's a bit higher i would jump in and then take a quick loss so i don't want to have that happen to me today so be grateful to be green and we'll try again tomorrow hopefully tomorrow i can do a little bit better than today but a good day all in all you

Channel: Ross Cameron - Warrior Trading

Views: 46,010

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, $PPSI, Pioneer Power Solutions, NASDAQ

Id: obfEy0ChpWg

Length: 88min 9sec (5289 seconds)

Published: Mon Nov 08 2021