$GME Special Edition 🚀 LIVE Day Trading Morning Show $192k Live Trading w/ Ross Cameron

all right everyone good morning it's game time game stop gamestop chart is right here and this is the stock that i'll be watching today looks pretty clear that over 150 is a uh would be a breakout spot for a squeeze back to 160 and then 170. so we're coming up we've got about 10 minutes to 7 a.m still dark here relatively i'm going to turn my lights on but uh 7 a.m is when more traders are going to come online of course that's when more brokers allow pre-market trading so i'll be watching gamestop over 150 be watching it primarily after 7 a.m costs this one these two traded in tandem yesterday costs so watching game stop here i think it's probably going to pull back before the break of 150 but let's just see what it does so nope i'm in 150 i bought and i'm going to add 155. so adding at 52 right there now looking for the squeeze up to 160. adding at 53 watch this now up to 155 and then up to 160. so gamestop breaking out right here this is critical this is exactly what we wanted to see looking for an ad on this over 155 dollars that's beautiful high that candle is 154. so we're already seeing it starting to break out here pre-market i'm going to hold this and look for an ad through 155 watching adding there 53.80 back of my target on this is a squeeze to 160. and then up over 160 to 170. this is a stock that we know has the potential to move fast high this current candle right there is 154 i'll hold through this pullback looking for the break over 155. 7 a.m is when more traders are going to come online so that's when we'll see more volume and then move up towards 160. that's what i'm expecting dip trades i'll buy dips and then look to add on breakouts over 155. i'll go main screen like that so the high this candle here is 154 so new order is 156. there's a nice big bid right there 12 000 shares 52. 10 second chart showing us very clearly that 154 is the breakout spot there's 54 on the ask looking for the ad through 54 and then 55. so what we have right right here is a one minute micro pullback we'll let it form the pullback and then we'll catch that trade through 154 dip trades i'll buy but this volume right there that's the confirmation the high volume on that breakout confirms that other traders are jumping into this looking for that move back up towards 160 170. as a reminder for those tuning in early i'm going to do a the morning show a little long today for uh those of you guys that uh want to watch gamestop is obviously a popular stock that i know a lot of people have been talking about so i want to do a little bit of a longer morning show i would love for you guys to hit the thumbs up those are you guys streaming on youtube watch here 154 this is a one minute micro pullback so we're looking for the break of 154 there's 154 on the ask there's 154 16. i want to see 155 there's 150 450. let it break out over that level the high this candle is 54.50 so let's see if we get that break of 54.50 over 150 450 could be a quick break then that the half dollar 150 450 then 155. watch here the break of 154. hi that current candle is 54.50 i'm going to go ahead i'm going to put an order here to add over 150 450 into that breakout below this pullback is 150. we still have about six minutes before uh traders who start at 7am come online so that's where i'm waiting really for more volume to come in over at 7am thank you guys for tuning in yeah we have costs here on the side this one's also worth keeping an eye on but gamestop is the is the primary stock so i'm looking for the breakthrough one 60 and then back to 170 and then that curl maybe back to 200 back of mind potential we'll see how far we get five minutes to 7 a.m for those just tuning in so look to buy dips on this accumulate on dip trades then for the next breakout the high this candle is 154. uh 154 50. costs moving a little bit higher i don't know if i really want to trade that one right now but maybe i'll keep an eye on it maybe small size on costs it just has lighter volume only 600 000 shares high on costs was 35 34.70 i'm going to hold through this 5-minute pullback right here i'll look to add on a dip hi that candle is 51 looking for more volume to come in around 7 a.m so with cost trading so closely to gamestop i wouldn't expect if gamestop is pulling back that cost is gonna pop up first one minute candle to make a new high would be over 51. thank you guys for tuning in please hit that thumbs up if you haven't already it's going to be a another wild day here buckle up i said start streaming at 7 00 am so lock and load here we go 7 a.m game stop break uh breaking out here back over 150 during a 5-minute bull flag i'm watching for the break back through 154 when 155 and then a move up towards 160. at 7am in two minutes we're going to see more volume increase this is the bat been the pattern on this stock if we go back here go back a few days let's see so i'll just show you here so this has been the pattern volume increasing right around 7 a.m there's that 7 a.m mark and then right here 7 a.m volume increasing so that's what i'm looking for the volume increase at 7am and then the squeeze through 154. so right now we're on this bull flag i have my starter position and i'm looking to add on the first five minute candle to make a new high which is going to be over 150 to 42. we have about one minute to 7 a.m here so we'll look for the first five minute candle to make a new high high that candle is 52. thank you guys for tuning in as a reminder day trading is risky in case you didn't already know that all right so you shouldn't trade with real money till you've proven profit building a simulator right there 52 that's good so watching for an ad right at 7 a.m so watching here okay so there's 7 a.m and i'm adding right there 53. now we're seeing volume coming in looking for the surge 354. look at that volume watch this so we're going to look for the breakthrough 53 then 54 then 55 there's 52 there's 53 there's 55 are we gonna break higher there's 55 i want to take a little off the table can i get the break at 55 adding at 55 right there bought 2 000 shares at 55 looking for 56. so we've got 5440 on the ask volume came in right at 7 00 a.m just as i expected looking for the breakthrough 155 there's 155. needs to break through that level 155. i'll add as it starts to thin out adding right there 55 there's 56. there's 57 next order 160. watching the break of 160. taking a little off the table here again new order 160 watching a dip trade adding long at 60 right there now looking for 65 over 63 i'll add again once it starts to open up and move fast i just keep adding into the squeeze the short squeeze the high is 62. adding a 62. now looking for 65. scaling up here for a squeeze up to 165 170. sold some breakeven just to reduce my risk so that 7am volume bar is what i was looking for high is 62.95 there's 63. can we go to the break of 65 i'm going to stop the rest of this position at 60. and watch for an ad over 65. hi that candle right now is 64.33 new orders of 165. sold the rest of that up about fifty six thousand dollars on gamestop holding still a position here at 160. hi this current candle is 150 164. low of this one is 1 59 watching for a dip the first proper one minute pullback will probably get bought up watching back over 164 added right there for the break back over 164 then looking for 65 adding at 65 right there now looking for 67 68. nice adding there at 66 looking for the squeeze up to 68 dollars then 70. watch over 67. for more volume to come in there's 67 they're 68. i want to catch the break through that level up to 70 dollars sizing down on that trade risk was a little higher there now it's pulling back i'm going to look for another dip the high was 68 costs moving higher as well the high on that candle is 35. i'll keep an eye on costs i'm gonna watch game stop high on that candle was 68. so it's 704 i'm sitting up 70 70 70 000 59 000 in my retirement account plus 21 over here cost is surging higher again the thing on cost is that the volume is light and the spreads are big i feel more comfortable trading gamestop all right so watching dips here for the next trade 168 on gamestop high of that candle is 167. it's extended uh the risk is a false breakout so smaller size on this trade because it's extended on the five but it may keep going even though it is extended but i'm going to wait for it for a second watching so that's a false breakout candle hit a new high and then drop back down you know it's interesting because i actually have shares available to short you can see right there i actually could short this one this is what the level two looks like you're not supposed to broadcast real-time uh quotes real-time level two because you have to pay for you have to pay the exchange for that so if i broadcast this to everyone i could be liable to pay exchange fees for everyone that's watching which would be at the rate of i think it's about a hundred dollars or 114 dollars if we have how many viewers do we have 2700 so i don't want to pay that so that's why i don't have the level 2 but you can see my p l position up here watching on this dip so this one is one that dips down so where is a possible bounce for a dip trade 154 154 would be a totally logical bounce we got a nice break out there from 150 to 168. so now it's time to wait for the next trade waiting for the next place where i think there'll be an obvious setup we got the volume at 7am which is exactly what i was expecting i was in ahead of that as you guys saw i got in for the break of 150. through that breakout it did come back down on me held through the full bull flag and then we got the squeeze up to 168. i sold i took some off the table early in the 60s because on that trade i got in right here and then i held through the pullback and the low that pullback was it was only 49 but you know i i was down two dollars three dollars a share because i was in at 52. my average was 52. so once it came back up here if you have a trade that goes is a winner then turns into a loser when it comes back to a winner you usually want to start unwinding it because you're grateful it's not a loser anymore so i started unwinding it a little sooner right at that 7 a.m kind of surge and it was just right at 7 00 a.m um you know we right at seven it popped to 55 and then it flashed down to 50. then it then it broke and so as it broke through there i was i was happy to take some off the table so this is where we sit right now costs uh this is forming a five minute pattern the high is 35.79 i'm watching costs for i'm long cost for the break of 36 here because it's obviously moving fast target will be 40 dollars this is a bigger higher faster moving stock so and with lighter volume but over 37 would be my next ad on costs so i'm adding right there at 37 adding at 37.88 i'm gonna try to ride this momentum on costs up to forty dollars so watch this uh for the next ad which would be over 37.35 there's 37.89 that's not too bad 37.50 i'm holding 6000 shares right now let's see on this micro pullback what it does so 99 gain on costs sizing down a little bit the high is 37.88 new order at 38. kind of flash back down after that breakout which i don't love so side's back down a little bit the high of this candle is 88 i'm gonna leave an order at 38 for a dip added long there 37.50 for the breakthrough 38 there's 38.50 i think on this one smaller size is probably safer because the spreads are big so the high this current candle is 37 38 57 adding at 38 57 let's see can we get that squeeze up to 40 bucks high is so there's 38 on the bed my cost basis is 37.42 the one minute that was a good one minute pullback right so this was the trade here one minute pullback and we got a nice move there up to 38.88 but now coming back down a little bit still watching gamestop these are the two that i'm focused on these two trade in tandem but yeah the cost spreads are tricky the next level would be back over 38.88 so i'll put my order at 39. 10 000 share on the ask seller on the ask there so sizing back down a little bit more i could do a dip trade on it but the five minutes extended so i think the the primary setup here would be that it just keeps squeezing because these stocks just seem to go crazy but high is 38.88 so we'll watch back over 38.50 on this one-minute pullback so we got a nice one-minute pullback there i'm gonna look for another one right through here if it breaks 38.88 right now which it looks like it might it's not really a proper pullback there's a 10 000 share seller that just popped up at 80. but if that breaks then we're looking to move to 39. watching gamestop currently on a five minute bull flag so it pops up sideways consolidation very similar to what we had on the one minute right here on cost this is a technical pattern game stop bounces right back up that's good to see costs adding long at 3844 looking for the break through the flat top at 38.88 then through 40. there's 38 there's 39. can we get the break of 39 adding right there looking for that pop through 39 so we've got 39 on the ask can we break through that level let's see if we break through 39 a little dip and then a rip through 39 would be nice watching for dip trades on costs and then the pop through 39 so watch right here there you go there's that pop through 39 that's what i wanted to see but didn't hold super well sizing back down on it for a winner but it looks like maybe a false breakout i don't know the high that candle is 39.27 ah it's going without me i got chopped out i was in a little too high and that's that's the problem when you get in high sometimes you know you're in high so you're like i can't really afford to just hold this if it dips down on me and then then it goes anyways so 39.45 is the next high day entry but that of course would be back in at the highs so over a million shares 1.8 million on costs game stop it's 7 13 we have one minute about it's about 7 14. we have one minute left on this current five minute candle so dialing this in the high is 63.50 that's the one minute candle this is the the context here we double bot we basically have run into the resistance you can see it's kind of like this arm here in this arm here we've run into the resistance of yesterday's close which is right around 168. so that's the level that we certainly need to break costs continues higher grinding higher the high of this candle is 39.45 leaving an order at 39.50 games stop dipping down a little bit and that might hurt costs because if they trade in sympathy to each other then if one starts to dip you'd think the other would dip thank you guys tuning in on youtube and facebook we're doing an early morning show here because gamestop ripped up 300 yesterday crazy crazy momentum please hit the thumbs up if you haven't already i'm hoping this will be the most popular game stop video today so i'm live streaming the gamestop price action here i've already traded it pre-market i'm not in any positions right now i'm sitting and waiting for the next opportunity so the early bird catches the worm now uh funny enough you know i was thinking about getting up at 4 00 a.m to see you know what kind of price action we'd have so you know what i did i set my alarm on my phone i set it for uh 3 4 3 50 am 350 just like that is it coming in focus there it is 3 50. i was like all right i'll get up at 3 50. i slept with my laptop next to my bed i woke up at 2 30 and i had like a little bit of a headache and i was like ugh i looked at the clock i was like oh it's 2 30 all right go back to sleep went back to sleep rolled over again and looked at the time my phone was off my phone died i didn't plug it i i i didn't plug it in i i was i was shocked and i was like oh my god so i was like you know what that was like a divine intervention maybe i wasn't meant to trade at 4 am so i um plugged in my phone charged back up i checked the time saw it was like 5 30 or whatever it was um and i looked at the price i refreshed it on my just my my web browser and i saw it was at 140 and i was like uh 140 all right well i guess i'll go back to bed so i went back to sleep if i had if i had seen that the price was like 180 190 right under 200 i would have hopped out of bed but at 140 i knew that that had pulled back a little bit off the 200 high so i was like uh i'm gonna wait for it let's you know but i don't know i'll just so i set my alarm then at six 6 30 and jumped out of bed came over here excited like christmas morning knowing that we were gonna have some big action today and uh sat down started trading at like 6 45 6 50. and that's when i started the broadcast so uh yeah so i you know as it turns out pre-market which is what i expect the volume would be very light but you know the volume right at um 6 a.m or sorry 4 a.m i mean it wasn't wasn't nothing but it just looks like right at that moment it which i what i probably would have been looking for is a dip and a rip and it opened it opened at 153 so down 10 points then it pops up to 167 which was the close basically 168 then it drops down and kind of sells off down to 132 but i'm sure the spreads were huge it would have been on light volume and so if you don't get a spike right there at 4 00 a.m then your next best shot is really kind of coming into 7 a.m so what happens at 7 a.m that's when most retail brokers come online most retail traders can't trade before 7am now you guys see the software i'm using i trade with lightspeed and they allow trading at 4am so i can trade from 4am to 8pm but yeah so right here um this is actually a spot i'm going to do a dip trade on this here at 54. the reason i'm going to do a dip trade is because this is bouncing off the previous resistance which was right here and so i'm expecting after that kind of strong flush that we will get a bounce that's a strong bounce i'm looking for the first candle to go green the first one minute candle we do still have a little room to the volume weight average price which is 150 and i could hold it down to 150 and add off that level so i'm going to put another order around 150 and then i can add and look for that pop back up over 154 so we've got 153 right now but looking for the first 1 minute candle to make a new high which would be over 1 54 73 all right so there's 155 let's see if it bases out a little bit more over 155 so taking a little off the table for a dollar a share and then it flashes back down i only bought a thousand shares on this one 154 on the ask it's coming a little lower i don't like how big that red candle is on the 5. i thought it would bounce off 154 which was this previous level so i kind of got in right as it was hitting it and it hasn't really bounced that much off of it but but let's see what it does high there was 155.08 so scanners are running right here these are scanners that warrior pro students get top gappers so i'll take a look at some of the gappers but you know it's one of these things that on a day like today all eyes are kind of on game stop and then coss is a sympathy name blackberry and amc i'm not as interested in you see the same volume spike that that happened right at 7 a.m coss actually was a nice one i didn't get as much on that as maybe i could have cciv i don't yeah i mean i see it popping up but i don't like the daily chart on that okay so still holding that small position now just kind of keep a little skin in the game so gamestop gapping up 69 percent a little bit of a gap there as well lotz i see it so for those streaming on youtube and facebook um one of the nice things about being a member of warrior trading you get access to my scanners here so these are all scanners that i've built out to look for stocks that meet my criteria for having you know potential to be good momentum trades so you have access to my scanners you have access to a private chat room which is just for our students and of course you have access to all of our classes you have access to my live trading archives and i can give you a link i'll just show you a video here let's see where's the good one so uh that's the main advantage of being a member certainly on youtube when i do the morning show you get to watch over my shoulder you get to learn a little bit but you don't get all the strategy that's broken down in the classes the classes right now are 35 chapters and i would say since i started teaching it in january i've probably been teaching an average of three hours a day for five six weeks now so yeah it's in terms of the amount of um content it i would say it's in excess of 100 hours at this point which is what you want if you really want to learn something you know a 90 minute long dvd is it's like reading a pamphlet on skydiving then you go jump out of a plane and that's it's not the way to do it so yeah so here's here's one um this is a live trading archive just while we wait on game stop game stops consolidating a little bit so just kind of waiting on that cost is consolidating because game stops consolidating so this was the day that i traded um gamestop after hours look at this squeeze from 150 to 188. so i'm in a 169.88 on this one and this is what i do every day i just keep trading some days are better than others today's already a fantastic day some days are slower gamestop has been a big driver of momentum so active momentum traders uh which is not just retail traders it's institutional traders as well we look to buy high and sell higher i saw one institutional firm a hedge fund that made over 750 million dollars on gamestop so this is this video of it going up here just it's it's incredible it pulls back it does a pullback so this is kind of that bull flag formation i'm still holding this gamestop position here small size it's down at 147. so we get this sort of consolidation then we look for that first one minute candle to make a new high we look for that curl back up so we're at 179 here in this video this was from a couple weeks ago and now look at this confirmation now all of a sudden look at this candles it breaks 180. watch this so it's going to break 180 watching the break of 180. look at this break 20 000 shares immediately to 185 immediately i mean that's like a it's just that's an awesome awesome trade it continues higher now we're looking at the first five minute candle to make a new high and then we get the break over 200. you can look at the break at 200 as well so warrior pro students have access to these live trading archives so you can go back and rewatch and we actually did a uh it's like a two hour long case study video specifically on gamestop and all of the uh examples of and trades i had taken on it so this is pulled back here so this is our real time chart the low was 141. we broke back below the volume weight average price don't love seeing that so we did retreat from 150 from 168 back down to 150. right now i'm just kind of watching it i've already made my money on it i'm holding a 50 share position just to keep a little skin in the game so i can keep watching it but it keeps me a little more focused when i still have a position so the low there is 41. you know i could get it maybe a double bottom trade off of 41 but it's below volume weight average price so let's just see what it does for maybe a double bottom trade there's a 5 000 share buyer there 41. so i'm going to do a dip trade at 42. so i bought the dip right there at 42. i'm looking for this double bottom so on the chart you can see right here double bottom at 41. so now i want to see it back up through 45 46. so there's 43.50 let's see if we get the break back through 45. there's 43 on the ask 42.70 i'm going to hit the bid on it lose 800 bucks it's a dip trade i can always come back to it but the breakthrough 41 i don't want to hold through that so if it's going to bounce on a double bottom it's got to bounce pretty quickly so i'm curious for those of you guys on different trading platforms who has restriction on gme who's able to trade it give me a give me a little update i'm gonna turn on my lighting here i'm trying to get the light switch with this thingy there we go weeble is good fidelity is good to go trade zero cash only td ameritrade can trade it no restriction on td it's great so i i'm restricted to cash only i can't use my leverage on it this says 100 if i did um i do like general motors you can see i could use i only have to put up 25 cash which means i have four times leverage on something like general motors uh take the e off gme and you got general motors add an e and you got gamestop so gamestop i have to use only my cash balance but that's fine uh i have enough cash in my account to trade it so it's not a big deal and in fact at 142 a share this is i mean it uses a fair amount of buying power but it's not as bad as it was when it was at 400 500 or higher 400s i would remind you guys some one of the risks and one of the concerns that i've had is the possibility of the new york stock exchange halting trading not on circuit breaker but actually requesting news from the company that hasn't happened so far knock on wood so you know if it hasn't happened yet i don't know if it i mean is it gonna happen now if it didn't happen after hours and that big move well now we're kind of coming back in so i don't know really why they'd halt it here but it is a pos it is a concern and the risk there is that if the exchange halts the stock then we're not talking about you know losing like 10 cents a share we're talking about potentially losing a really significant amount of money so this is these are my um these are from classes so we're up to slide 1343. uh but let's go back here uh where let's see where do we have it um i'm looking for a specific spot we just talked about it um there's the dip trade trying to remember we were just talking about this in class the other day i don't remember what section it was but i had a few examples of no news trades recent ipo breakout blue sky okay so here you go so this is a stock bdr squeezes up on no news from a dollar forty to three dollars this the exchange halts trading in it asks the company to provide information they say there's no news to account for this move it drops hard same thing on this company drops hard so this this is something that is a risk when trading a stock that basically has no news rhe dropped from 10 all the way down to five fifty percent haircut so you lose fifty percent that in that's painful that's really painful and it's happened to me before so you know it has not happened uh and again this is just to reiterate this is the warrior pro um curriculum here so let's see let me go up to right here so this is our current curriculum uh for warrior pro students for those that are curious but um yeah i mean i know the cfo um that was the the change up but the thing is so here's the thing some of these stocks have had a headline like that you know there's there's there's a headline and the exchange still halts it because the headline i guess in the opinion of the exchange doesn't justify a 400 move or whatever the case is so that's where we still we're not we're not totally out of the woods usually a cfo resigning uh is not a good sign but in this case it indicates i mean this is all speculation but the um sort of you know the possible change in direction of the company that people are hoping for with ryan cohen being on the board and of course this was probably a decision by the board there could have been criticism maybe of the company not raising capital not doing a secondary offering during the big squeeze although i think that if they had done that they would have been betraying all of the retail investors who bought the stock and are holding the stock and who are also their customers so i think that they wisely chose not to take advantage of that situation i mean i i don't know if anyone would have really blamed him for doing it it would have been the smart move but at the same time depending on the price and everything else it could have been it could have definitely been uh very upsetting for the traders who you know get hit because when a company does a secondary offering you know if the price is 25 a share all of a sudden it drops back down usually pretty close to that price yeah i know i know charlie i saw that quote about charlie munger and um you know i i i personally don't i mean i'm not saying he's not super successful he is but i don't take my trading advice really well i don't take trading advice from anyone but um you know i trade my own strategy but i if i wouldn't take a lot of advice from someone who has such a different strategy that's not they don't trade you know we as active traders we capitalize on these volatility opportunities and that's been true for for forever that's what active traders have always done so fun people that are focusing on fundamental analysis they always will criticize these you know these these times when the price becomes so disconnected from fundamentals how different is that from what's happened on tesla i mean if you're going to be honest how different is it how much is tesla up how much is the market share changed and the market cap so let me just i have this um and i'm just you know throwing out my like i don't i guess i don't really care all that much but um you know if someone's gonna say that you know this is this is crazy and we should you know something should be done to prevent this from happening again i would say well you know has anyone looked at tesla recently i haven't heard too many people complaining about the tesla chart that's the tesla market cap in a year okay so it didn't happen in a week but this is this is their market cap this is their global revenue so yeah you know wall street has always been pricing higher what a company is going to produce and tesla's on a great track certainly much better than these companies but does that justify it being worth more than all of those other car makers combined i don't know i mean you could say that it i mean that is its current value that's its current price so investors do believe it's it's at that value and if you have a problem with the current value of gamestop i would i would hope that you would also have a problem with the current value of tesla because it it doesn't seem to exactly match the uh the fundamental value so that's where we have a disconnect and those disconnects provide opportunities for fundamental traders as well that's why some people have a strong short position on tesla because they think it's so disconnected from uh the current trading price from the actual sort of you know book value and on the other hand uh long-term investors like warren buffett and charlie munger that they would look for a stock that is very disconnected from its book value and is significantly underpriced that just the value of its assets alone are are more than the share price so they go in and take a fifteen twenty percent stake then with a fifteen twenty percent stake they can potentially petition themselves to get on the board of directors and start throwing out strategy well that's what ryan cohen did with gamestop that's what that's what he did he took a huge position last year uh i don't know how he bought how many million shares uh it was like a huge position um 13 stake in the company now he's on the board of directors now he's petitioning for this digital strategy for them to turn the company around that's activist investing now the only thing different really on gamestop from some of these others is that gamestop had over 100 short interest and short sellers got squeezed on it hard and i think it just has you know become a stock that a lot of people really like just for the fact that every time it goes up it feels like it's a um it's a kind of you know little guy getting it uh you know against the the man i mean or something like that so you know but if people like it if people are all into it then they're all into it you could you could go back and look at stock charts from so many different companies that went up and up and up and up and just were crazy disconnected from the true value but it was you know it was hype and people were excited about it people loved it and then you know they those companies come back down they go back out of favor it's true that we're seeing um pretty crazy levels of volatility what happened on gamestop uh is not something that we had seen in a while but it's not something that we haven't seen in similar degrees on sort of a spectrum of short squeeze or volatility so yeah that's just my two cents it's only my opinion i mean take it for you know it's worth nothing it's just my opinion i'm just i'm just a regular retail trader trading the markets they go up they go down and i trade them i trade the volatility but i i i could take it a little bit uh i just think it's a little i i think the argument that some people have um one one person was saying they should halt trading of general or gamestop for a month it's like that doesn't feel like it's really thought out what does that mean for every shareholder that is just holding the stock they can't sell it they can't do anything for a month that doesn't seem to really solve the problem that's that's that's a band-aid i mean that would certainly cool off emotions on it but that's that's not that's not going to stop this from happening on another stock potentially and then they halt that one then they helped another one then how many stocks you have halted so if there's really a problem or this is a perception of a problem that a company can get this far out of balance from its true value you could look at another a number of other examples of that but i don't know again it's just it's it's a it's a tough it's a tough thing because i could i could also you know i could certainly see the the standpoint that this has gotten crazy this was this was crazy and it can hurt retail traders it can hurt institutional traders it hurts the integrity of the market to a certain extent to have something like this happen it makes would make investors much more cautious so then you have to say well what were the what were the underlying conditions that allowed something like this to happen was it the high level of short interest was it the trading on excessive amounts of leverage that put people in positions where they were forced to capitulate or you know i i don't know i mean if it's just people really like the stock whether it's on reddit or you know it's people on twitter who really like tesla or whatever it is and that i don't know what you're going to do about people really like a stock and they all love it they all love it but the rapid rise and then the fall is is it's concerning you don't love to see you don't like to see that you know tesla at least in its rapid rise has held its levels well but you know at the same time uh this is all much more moderate but it has dropped uh from a high of 900 back down uh the other day to 600 that's a 30 drop off the high just about right it's a pretty big it's a pretty big pullback and now of course tesla's in the s p 500 so that hurt that weighs on the s p 500 when it comes down and of course tesla's now invested in bitcoin so now everyone invested in the s p 500 is invested in tesla and therefore invested in bitcoin i wasn't planning on being invested in bitcoin but because i own some of the s p 500 now i do so now i gotta check the bitcoin stock a bit bitcoin price every day but anyways we're you know i'm i'm just i'm kind of just throwing out my ideas i i'm i'm always curious to hear what you guys what your opinions are um they're just as relevant as mine thank you guys for tuning in on facebook and youtube and hitting the thumbs up so no i don't trade cryptocurrency and i don't trade bitcoin and one of the things for me is that you know i have a hard time feeling comfortable funding some of the crypto uh some with some of the the brokers i i i'm not saying that they aren't perhaps super uh legitimate and fine but you've also heard about some brokers crashing you know during really heightened trading there's always that concern of what if the broker got hacked and you don't have deposit insurance you know it's it's just a it's a different ballgame so i don't think i'd feel comfortable putting hundreds of thousands of dollars into any one uh brokerage account not that there aren't people that have millions in one account but i just don't think i'd feel comfortable with it so i i don't know i just really haven't gotten into it maybe i'm maybe i'm gonna be like you know old man who's like oh i don't have bitcoin i don't know and just keeps going higher and higher that's kind of what it's been i never thought it would go this high but so anyways i'm sitting here up 70 70 000 on gamestop so i you know i'm i'm i feel like i didn't uh i could have done better on gamestop this morning on the one hand if i'd held my position a little longer into that squeeze on the other hand if i held the whole thing i'd be back down to red by eight dollars a share from the 150 entry so you never catch the top and the bottom of a move as a day trader it just you know it just doesn't happen you don't you never do you get you get as much as you can on it you often feel like oh man i sold a little too soon or oh man i should have sold a little sooner you got to let that go because that's you're going to feel that every single day on pretty much every trade you take all right so let me catch up on the comments here um did i ask you guys uh so code red says don't forget uncle sam's cut uh this is in a retirement account so no tax but uh i can't i can't spend it until i'm 59 and a half years old 23 years that's all right i can wait and i'll let it keep growing now that's not entirely true because i could take the money out but if i take it out i'd pay um i'd pay income tax on it and i think as long as the contribution was more um i think as long as the contribution was longer than like three years ago you don't pay a penalty on it but i don't remember i don't know exactly five years says pancho so you know yeah you could always and people do and i i did it when i was first getting started um you know my parents had set up it was i don't know if it was a um it wasn't maybe a retirement but it was like an annuity or something like that and you know the lady was like well if you liquidate it you know you're gonna have a penalty of you know ten percent i was like i was like i need the money so you know what am i gonna do i need the money i'm gonna liquidate it all right so let's see yep so i see we're back to the volume weight average price here on gamestop uh i have two charts on gamestop up um cost was on the other side so that one again i i i did jump on it i chased it i bought a little high once it really started to prove itself the volume was a little bit lighter but yeah i should make a note on that to fund iras for my kids i haven't done it um it's it would be it's a smart thing to do the suit i mean the sooner you do it you know just sooner you do it the the longer it can grow you think about my son is my older son is three years old so he's got 56 years of compound interest compound growth so i think at the rate of seven percent the account doubles like every seven years or something like that so if i put a thousand in right now compound interest calculator what's it going to be at let's see compound interest calculator all right so let's see so let's let's do this so initial investment let's say a thousand bucks so i'll put in a thousand bucks monthly contribution is zero length of time in years 56 years and estimate interest rate let's let's say six percent um let's just leave that zero calculate that's 26 000 bucks all right well so i mean hey you know you start with 10 000 calculate 260 000. you know you start with 10 000 and then you contribute let's see what contributing a hundred dollars a month does wow even just a hundred bucks a month well if you start with a thousand bucks and then do a hundred dollars a month half a million dollars so you would have contributed 68 000 and it would have grown with compound interest to 55 528 000. now what if you put that whole thousand dollars into the one thousand dollar calls on gamestop one can only wonder listen son i put it all in gamestop because gamestop won't stop son you're going to the moon so you have to figure you have to understand of course day trading is risky uh and most beginner traders do lose money so i know when you see me trade you think oh wow this looks easy well you probably could think the same thing about someone you know doing a lot of things that they've been doing for a long time like downhill skiing or i don't know surfing or juggling flames knives i don't know but ultimately all of that is through a lot of experience so the disclaimer that i put up and i'll put it up again here um actually put it right down there and i'll just i'll just put it up right here oops um i'll just go like that the reminder is that day trading is risky guys don't please don't try to blindly follow me don't blindly follow anyone prove that you have what it takes to be profitable by trading a simulator and if you can trade in a simulator and you can put together a decent track record of trading a simulator then what you want to do is um look at those metrics and i'll show you just for instance how you can do it so you know you can look at those metrics and say all right well you know based on based on these metrics of trading a simulator for you know three months or whatever it is this is how this is how much money i'm making this is what my profit loss ratio is this is my percentage of success that's what you essentially are using as your business plan to justify trading with real money and until you have something that's profitable you'd be better off putting real money into probably almost anything else the the unfortunate thing is that a lot of traders jump into the market without uh you know without a lot of education without a lost strategy and they throw in throw real money into it and they get they get burned that's what that's that's the statistic they think it'll be easy and then they lose money i'm sure some of you guys have had exactly that happen to you on gamestop and so my role as an educator more and more is talking people off the ledge and saying guys stop drinking real money you don't know what you're doing okay you had a little beginner's luck with gamestop that's awesome but that's not gonna sustain you you're not gonna be able to build a career on that don't sign a lease on a ferrari just yet that's four thousand dollars a month yes you had a good month on gamestop but you think you're gonna be able to do that consistently for the next five years ten years i mean yeah i guess if we had a game stop every single month but this was a very rare event i don't think it's going to be something that keeps happening again and again and again i mean if it does i'll be proven wrong but i would encourage you to spend the time to kind of invest in practicing so uh you know to that extent had you back here in january said all right you know what i'm going to sit down i'm going to spend the next three weeks practicing every single day in a trading simulator i really want to learn this is interesting this is fun i like trading i want to make it happen then today right now you would be better equipped to be trading this stock than certainly you were a month ago and you'll be better a month from now than you are today and you'll be better six months from now than you are today part of trading is learning the you know the mechanics of it and that's where uh you know the classes that i teach and you know whatever i mean learn learn however you want but that's that's where this comes into play learning the kind of core components of trading and then you guys start practicing so this so my classes are kind of like it's kind of kind of a science in the sense that we have you know 100 hours or whatever it is of of lecture class which is me teaching you the topics teaching you the strategy and then you have the lab work which is coming in each morning and practicing what you're learning in the simulator and then you're scored based on your metrics are your metrics sustainable yes or no okay so costs so look at how look at how these two charts are trading like in tandem pops up dips down pops up dips down so the question here is which one is is perhaps easier to trade well costs i've made less money on but so in terms of that it would seem that gamestop is the better although cost is a little less expensive uh it's up 92 percent it's got three and a half million shares of volume it's not easy to borrow game stop at 154 155 is certainly expensive we still it's only 8 am we still have an hour and a half to the bell and this is the problem with starting really early is that by the time the bell rings sometimes you're exhausted so i don't know how how late i'll trade today but i'm just catching up on the comments here those you guys um that are on youtube i'm going to give you a link to the replay of my last free day trading class it's day trading 101 day trading 101 free class register here for the replay at 1 pm eastern you can you can watch it today 1 pm eastern if you want it's going to be a replay and i have support staff that are in the replay so they can answer any questions that you guys have so if you're watching and you're like well wait a second what's this you can actually ask someone who's right there live to answer all right so 36.50 on um on costs is looking interesting but then it's hard to trade costs without keeping an eye on gamestop gamestop has reclaimed the volume weight average price it's starting to do a bull flag right above it i'm going to get rid of some of these lines here so let's see 167 51 68. so while i prefer game stop right now it's not giving me a setup these are some of the levels that we'll be looking at 194 breaks then we're looking for a move up to 200 then 212. so those are our levels on gamestop right now costs the low there is 34.56 so it's about a dollar off the low gamestop hi this candle is 55.80 so hi there is 5619. you know gamestop is one that if you get it going the right direction and you get one of those nice sort of ten point surges you can do really well but buying it a breakout is risky because if it does a false breakout and drops five points just like that dang it you know big loss hey clary check it out that's awesome very cool hey i love that window marine corpse very nice thank you for your service man that's awesome very cool very cool setup i love looking out the window um i love having the window right here by my desk you guys can't see it super well this camera but um i have the window right here i've had a red fox run by during the summer i had a groundhog living under the porch right here it's so relaxing your office space makes and this is the this is the office where i've made the most money your office space makes a huge difference i think um in how you trade how you perform so and sometimes when i'm on a little bit of a rough streak i'll i'll just come in and kind of just clean up my office i'll get it organized maybe i'll rearrange it a little bit you know hang hang a new light or do something and just kind of spruce things up now this is 8 a.m so we're seeing right at 8 a.m some of those institutional alternative display orders going through that's common all right so if you recall my neon christmas light served me really well during the month of december and then i brought it out for good luck uh a little while ago and i had an amazing day so i'm going to put it i'm going to bring it back out here okay so we're seeing that volume surge that candle kind of screws up the charts a little bit so the the high appears to be 63. wow look at that volume coming in so our high day is 68. all right so we're getting another one of these little surges here so let's try to dial this in so we've got a micro pullback here i'm long at 60. buying at 160 right here i'm looking for the squeeze to 165. so over 162 would be an ad try to ride this momentum up here watching for an ad over 162 holding dip and then a long 162 watching i want to get that ad to squeeze to 165. holding still i'm going to let it pull back looking for 162 and 159.99 so looking for the squeeze on this up towards 163 164 165 watch it back over 160. so we've got 159.97 there i want to see back over 160 then 162 163. this is a micro pullback right here so we need to see the break back over 160 dollars buying the dip there at 59 for the break back over 160. so there's 60 on the ask first one minute kale to make a new high there's 61. so that was not a picture perfect trade they're 60 88 i'm unwinding the position down to small size it wasn't picture perfect because i got in at 160 then it dropped back down to 158 i bought the dip at 159 get and again once it's back over 160 i'm like i better take some off the table i was just read on this thing high is 161.51 hi there was 161. new order is 162. i'll add back at 162 or i'll add on a dip volume really picked up there at that 8am mark same with cost but not not as much watching down here as it pulls back this is funny though because the high was 156. i'm doing a dip trade here at 155 i'm trying to dip trade off of that 56 level so in at 5564 looking for a pop back up to 57 this is risky no doubt about it these type of dip trades can be risky but let's see if we pop back up to 156. so again you see how we kind of have that move where it popped up and then kind of retrace this this move watching adding at 53 right there so looking for that curl that first one minute candle to make a new high right see how that 10 second candle starts to pop up so we get that type of pop now can we get back over 154 looking for 150 450. there's 154. my average is 15416. so i'm looking for that pop back to 150 450 then 155. are the some of those institutional orders going through but i'm going to cut that loss at 53. so lost uh i think i don't know like 3 000 on that ah man look at those look at that that's tough those are huge candles back down to the kind of low here 135 well on the candle wick amc um i don't see anything i really like there these candles are crazy so let me i'm just going to move this around for a second so look at that look at these candles all right let's see so at this point i would draw this trend line from here to here oops from here to there and from there to there so these are the levels that i'm watching on gamestop these are all very technical levels but it's it's still what i'm what i'm watching all right so just being patient right now we'll wait for the next opportunity the last trade was a loser on the dip trade but the loss was relatively small i think in order for us to have good momentum today you know and this is probably stating the obvious but we need to see oops we need to see game stop i think we need to see it hold up the problem is if it if it fades and it doesn't hold up well i feel like that's going to weigh on momentum across the board because it's the stock that so many people are watching i could be wrong but if we don't get a big breakout on it i don't know if we're going to get anything else that kind of makes up for it you know if we look just while this is kind of sideways here this is our gap scanner this morning so these are all the stocks in the market that are gapping up more than five percent and are priced above 50 cents those are my only filters so as i look at this scan we've got p-a-n-d which is up 131 percent that's a buyout okay so that's merck is acquiring this company that's that's amazing for shareholders that's a that's a dream acquisition over 100 the price that's a dream all right so they did well so next one is costs this one's gapping up 100 sorry 84 84 right there and i'll put up my drawing tool so you can see maybe a little better let's see point term so there's 84 on costs and then there's dynt now cost we've already looked at um i don't know what that's all about um anyways so um just reading that headline so costs this has been sympathy to gamestop when gamestop was strong cost was strong because of a tweet that cost may be another target for the reddit community because it had such high short interest well it ended up squeezing probably because it had such high short interest i don't think that it was ever a big reddit stock but in any case now today it's popping back up uh finvis reports the short interest on costs at i believe about 40 percent let me just check 40 um no sorry um shows is 18 on cost right now so it's actually come down from last night uh from yesterday and let's look at game stop game stop is reported at 30 right now so game stops a little bit higher um anyway so this one has given some nice opportunities starting at 7 a.m when volume started to really pick up but realistically at this point the high is 39.45 so that's the real breakout spot alright so next one down gamestop oh d-y-n-t i skipped over that so this is on our gap scanner but it's selling off it doesn't look that great game stop obviously talked about that a lot so that's where we sit right now girl that's enough pull it together sckt uh this one i'm pulling back ssnt this one's also not set up well asrv and those ones have lighter volume anyways this one gap and sold off true i wouldn't true car i don't care about this floats 83 million ccrn and now we're coming down the gap scanner so these ones all have lighter volume so at this point it's kind of game stop or nothing uh this sometimes happens when you have a stock like gamestop that has so much attention uh you know it either you know it either works because everyone's focusing on it and we get great price action or it doesn't and when it doesn't if something else starts to pop up that may start to become the the obvious stock but one of my goals each day is to try to figure out which is what is the obvious stock today what is the stock that all active traders are watching right so the way we find that is by looking at our high day momentum scanners these will show us stocks are squeezing up right now and then we measure the gain with a relative volume so higher relative volume means the stock today has much higher volume than it did in the previous trading session cost today has 4.8 million shares of volume yesterday it had looks like 80 83 million shares which is really impressive so pre-market we're kind of lighter on relative volume but we're picking up gamestop yesterday had oh that was gamestop sorry um gamestop had 83 million costs yesterday had 13 million shares so we're already at half almost half of that pre-market gamestop had the 88 million and yes right now yesterday and right now is eight point uh three million so it's got about ten percent of the volume these will both probably have high relative volume today there will be a lot of trading on them the high relative volume is an indicator that there's a lot of people trading it it's above average that's as simple as simple as that it's above average volume so why is a stock have above average volume it's usually because of some type of catalyst well in the case of these ones that's been kind of not always the case that we've had a very clear catalyst but uh the catalyst i guess at the very least is that everyone likes it and it's starting to move back up so perhaps more of a technical catalyst than a fundamental one but nonetheless that's that's what we're looking at on gamestop and i suppose cost as well so those are the obvious ones right now but by the time the bell rings we may have something else that does start to pop up and if one of these two or game stop and then cost falls if they both kind of fade then you're gonna have a lot of traders sitting here looking for something to trade so the next thing that pops up that looks similar or is moving quickly you're gonna have a lot of people that jump on it and that's that's sort of that fomo momo momo picking up because traders are just sort of jumping on the next thing that's moving and we see that i mean across the market so it's can be hard because it sometimes feels like you're just chasing the volume but ultimately as a day trader that that is kind of true that we are chasing volume so we're always looking hunting for volume and volatility and then we've always got to be trying to manage our risk let's see um wow okay um that was the problem so this is where i finished the day uh yesterday for what it's worth 50 000. nice recovery from my red day of two hundred and seventy thousand dollars on the first week of the month first day of the month i lost 94 grand and that was thanks to losing a hundred and uh twenty five thousand dollars on gamestop so i haven't even made back today everything i lost on gamestop on that day i'm up 65 000 in this account i'm up 21 in this so it's 86 000 on the day uh 75 of it is on gamestop so i still have another 50 000 to make back before i get back to flat on gamestop after that loss but that doesn't really matter so start of the month down 100 grand basically two small green days then lost 268 000 on thursday the 4th slow bounce back slow recovery and then things started to pick up last week i've now had one two three four five six seven eight green days in a row so since the 12th so since february 12th i've had eight green days in a row today's so far the ninth and i've made four hundred and fifty thousand dollars in eight days accuracy sixty-nine percent profit loss ratio right around one to one biggest winner 32 grand biggest loser 27 000. not bad so uh today after today if i can hold on to these gains this is going to be the uh was it ninth day in a row two four two sorry uh five eight so today would be the ninth day in a row it's the 25th 25 is my favorite number uh it always has been a fun fact about the number 25 upside down it's 52. now most people don't know that but when you have a favorite number you know a lot about you know everything you know everything about that number so i know all its secrets i know everything about it i know sometimes it tries to trick me up and you know oh today is my favorite day here comes number 25 trying to screw me up no no not today not today good start today and i want to hold on to it i will acknowledge that uh it would not be impossible by any means for me to lose half of what i've got right here i'm up 85 000 i could easily lose 40 grand on a 10 point drop on gamestop 4 500 shares 10 points i could lose 45 000 just like that so i do need to be careful on risk management on this one uh it does feel like it's coming back down a little bit this is not the bullish pre-market i was hoping for i was hoping that we were going to consolidate up here like this for a break at 200 and it was going to be fireworks up to 220 250. so in fact we're gapping a little bit down after after hours and even if we do break through 167 then we still got to get back to 194. i'm not saying couldn't happen but i'm not liking this as much as i was after hours last night so you know got to be a little careful on the risk because it gets a little bit higher robin hood traders can't trade till 9 a.m is that true that seems crazy you know i didn't really set a monthly goal actually i didn't even and i didn't check to see where i sit on the month um i haven't really set monthly goals right now because the market's just so crazy uh what i make will just be what i make i mean i i could have a great month or it could be choppy so i was sitting at 187 187 000 on the month after yesterday so that'll put me today up over 200 which is great and that's before fees and commissions fees and commissions have been more substantial this month but in any case you know it's still a it's still a it's a good month i guess um i mean you know it's my worst month since november but you know really can't complain so watching my scanners here i'm going to put them up here warrior pro students you guys have the scanners running on your side so we're going to keep game stop on the left cost on the right i have this like little funny i don't know right under my c button on this laptop which is the one i use for the broadcast that button has just been like not working super well it's a problem because my hotkey for uh sell a quarter is ctrl c and i trade on this laptop sometimes in the morning when i'm first getting up is uh hey net are you are you on are you in the small cap room this morning where's net at where's my man net all right well looks like maybe he's not in today let's see all right what time is it 8 26. i haven't even had my breakfast yet no ryan she let me down i was working on my craigslist post used old dog for trade yep she's no good anymore i told her to buy gamestop uh yesterday afternoon when i was driving home she didn't of course she didn't even have thumbs but yeah really let me down thank you look at this so this is tricky this is tricky stuff so these waves are deep you know it's a deep pullback a quick climb a deep pullback another quick climb this becomes tricky this is difficult stuff to trade when it pulls back that much because now when you get back in at 62 you're getting back in at the top of the range can't really do that i mean i could but i don't really want to do that good morning roberto so it's 2 30 in the afternoon in italy right now must be nice what's the temperature is it sunny sunny in florida all right rad says it's 3383 well must be 328 in bulgaria okay sunny in the netherlands i read an article you're not gonna you're not gonna appreciate this read an article on the bbc oh boy the netherlands largest cocaine bust ever 20 tons that's is that 40 000 pounds 40 000 pounds found in a series of like nine or 10 shipping containers twenty thousand tons whoo you guys you guys gotta figure your stuff out i mean that's crazy i hope they make a movie about it all right game stop i don't i don't see the setup right here it is it's a bounce back off the volume weight average price but you're right larissa so we have two stocks um very wise we have two stocks that are kind of stealing the show today game stop and cost so as a result there's nothing really else on the gap scanner that's ever you know everyone's watching these two now there might be again maybe you see one one of them pop a different stock pop up but these are the ones that are definitely stealing the attention so unfortunately you know one of these other stocks on the scanner uh if it weren't for cost and gm e stealing the attention you know so this is like me in high school if it weren't for you know the 15 uh you know well i only had 100 kids in my school so if it weren't for the you know 35 other uh guys that were handsomer than me i would have been the most handsome well here we've got gme and cost so if it weren't for those two you know maybe one of these others would actually get some attention but well they're gme and cost stealing the show again every opportunity to take their shirt off varsity football you know and so uh we just gotta sit here and wait it out our time will come but yeah so you know these two are the focus stocks so on another day if it weren't for these two maybe we would have some nice action on um sckt for instance sckt or dynt maybe we would but unfortunately they're not getting that attention and that's kind of the funny thing with trading is you'd be like man i don't get it why is sckt not working out as well today so if you had if you had tighter filters on your scans you might think that sckt is the best stock or maybe dynt is the best stock because you're not looking at anything over 30 bucks so you're not seeing gme you're not seeing costs and you're not seeing pa nd and you're like man the leading gapper today is not doing well and i like to keep kind of an open filter there so i can really see what's happening in the whole market and then you know that that allows me to recognize all right you know what we've got something that's stealing the show everyone's going to be focusing on this and maybe we do get some good opportunities if we break 67.50 i i would be looking for a squeeze you know but who knows maybe a break 6750 does a false breakout and flushes but the question is in this area could i take a trade over 56 i could um you know it's kind of a dip and then a pop back up there's 56 there's 57. so you see it's starting to open up a little bit more there but then you'd be buying it right into the highs let's just draw this descending line we're coming right into that resistance level thank you that's a good eye i had that on my other chart and then i took it off here on this one of course you have to add it on each time frame so we're kind of running into some of these levels here so we got and then look at that look at that drop right so that's a four point drop costs uh similar kind of pattern here it's above that descending resistance level you know cost this pattern of back above the volume weight average price the high there is 35 30. it looks good it does uh the main issue is that it's tied to game stop so if gamestop doesn't hold up then costs won't either it's just that's the same with trading some of the cryptocurrency stocks they're so tied to the price action of crypto um yeah and i i would agree with john in terms of this is one of those days where it's it's it's very hard to manage risk and it feels frustrating because you know it's only 8 30. so it's only 8 30. we may see some more headlines come out we may see some other things pop up but at this point right now it's it's game stop which if that works then cost probably works too or if gamestop fails cost fails and then that's it unless something else and then we have to wait to see if something else pops up and we do get some some other opportunity [Music] um so you know all things considered i'm basically sitting the same as i sat yesterday 80 you know 80 000 85 86 000 and then yesterday i finished the day up 50 grand i gave back 30 off the top i'd like to not do that i had one really nice trade on gm e and i'd like to keep that in my pocket now if these prove strength i would love to get back in if they keep going but i also don't want to overstay my welcome nice robert looking good so robert posting his p l there looks like you got a trade on gme for six hundred and thirty nine dollars and a trade on costs for 245. you know 884 dollars that's a great day i know it's easy oh man well he browses up 80 grand 800 that's nothing 800 is a great day be grateful for it don't be uh you know when you're not grateful for it then you quickly give it back and then it's gone so be grateful for that 800 a day if you could do that consistently you'd be one of the few that are profitable so alejandro says you're putting too much analysis into a stock that doesn't care about doesn't follow technical analysis i i don't disagree with you on that that is a that is a that is a frustrating thing with gamestop but i wouldn't say it doesn't respect technical analysis at all but it it does have an ability to just kind of do its own thing and defy logic which makes it possible that it could actually go up this much and you know you're sitting there scratching your head where do i finally get in so you're right and maybe all these lines are for nothing maybe it just blows right through all of them but if we come up to one of them we do start to see it falter then that you know would be reaffirming that that was a level that i probably should have been thinking about taking some off the table all right so let's make this one smaller lotz is holding up relatively well by the way those you guys tuning in looks like we've got about 8 000 streaming on youtube please hit the thumbs up and please subscribe we're trying to get this channel one million subscribers it will not happen without each of you guys hitting that subscribe button so i do the live morning show every single day i don't usually start as early as i did today but i do the morning show every day i give you my watch list sometimes i take a few trades depending on the market conditions i try to give you guys a little taste of the education over at warriortrading.com that's where i have my full-length classes for those of you guys that want to keep learning students that are in the classes you of course know this we've been going through this curriculum here and students also have access to our scanners and our private chat room for uh students only and uh you guys have access to a trading simulator so you can practice what you're learning without putting real money on the line so what i'll obviously love for you guys at some point on youtube to come over and join us you're always welcome to do that but i really do appreciate you guys on the youtube channel hitting those thumbs up buttons and subscribing to the channel and those you guys um i'm going to give you a link so uh today at 1 pm i'm going to we're going to have a replay of my day trading 101 webinar day trading 101 webinar how to find strong stocks to trade so check that out if you haven't already i think you guys will enjoy it it's also pinned at the top of the comments or at the top of the chat feed here so i always am very transparent about the fact that number one these are real profits i'm not trading a simulator this is real money my broker's statements are posted on the website that's number one number two my results are not typical you should not assume that they're typical you should assume that in fact you will lose money as a trader because that's what uh the statistics tell us and the majority that the majority of traders lose money let me put this up right here um let's see there we go um and i'm also transparent about the fact that i can't guarantee that you'll be successful just because you take my class we don't have the success rate of our students our students trade at their own brokerage accounts there's not really a way to verify if someone if we asked are you profitable to even know if they were being truthful in that statement so we don't know the success rate of our students we certainly have had students who have become profitable traders we have two students this year who have become members of the million dollar club which is fantastic meaning they've made over a million dollars in trading profits we've got um a number of students who are part of the 100k club a number of students who are part of the 50k club who have voluntarily shared their broker statements so they can get that badge so when you're in the chat room and you're you're a profitable student you get you get a badge so uh it's and gary yep see yup you got your 100k badge right there which is fantastic so i'll just put this up here so um so you can see here so gary's got his 100k badge right there um my badge is here that's the one million badge anyone else with the badge wanna say hello you're on youtube but i'm not gonna tell you that you'll take my class and next week you'll make a hundred thousand dollars i like there's there's no uh there's no way i can i can say that you know you have to understand that this is very hard and most people do lose money but uh if you want to learn i'm happy to teach you and i will teach you everything that i know about the market hey dillon 50k 100k soon right on awesome lost 1400 yesterday all right well you know 10k badge yeah yep thank you jason you've got your 50k badge there emmanuel there's jess 100k i hear you well it's ups and downs of trading very good made 900 so anyways um let's see gamestop you know this is still um this is still interesting let's see put this back down here that was the first five minute candle to make a new high now we're seeing another surge back up cost is back below the view app but look at this chop stop about 45 minutes to the bell volume is declined a little bit off of that surge at seven i would think that traders perhaps like me are waiting for a clear obvious opportunity be better off waiting and being patient than jumping in too soon we're still at this descending resistance line nice mark good job that's awesome that's amazing good for you showing his p l uh 93 000 looks like that's on uh game stop 80 000 on gamestop is that a td account is that sim or real money that's awesome good work yep so i'll give you the link for verifying your broker statement here so uh broker statement verification there you go so get that badge good for you gme is still in consolidation here yep we don't have confirmation of a breakout just yet to be honest between again between the two you know if i traded both at the same time if gamestop starts breaking out i could trade both i could buy game stop and costs it's just hard to focus on two trades at once cheat so i'm not going to play music um because uh some of the songs get flagged for uh copyright and then it's fine but then uh i have to do revenue sharing on face on youtube ads and i don't run youtube ads so if i play a muse a song then they automatically start running ads on my videos and i don't want to run ads on my videos so i i can play you know there's some stuff i can play and but i just sometimes it gets picked up and sometimes it doesn't so and i could just sing it probably wouldn't be as big of a deal if i was already running ads on my video but since i don't run ads all right i'm going to refill my cup of tea we've got about 40 minutes to the bell all right well looks like i missed the beginning of a break out there so the high that candle is back to 61 10 points but i don't want to chase it 61.71 i don't know if i would have taken that trade maybe over the pivot of 54 55 maybe you see the volume on um looks like a 10 000 share seller up there on gamestop first one minute kill to make a new high i'd be back over 60. so orders around 60 watching long there 60 looking for the squeeze first one minute candle to make a new high back through 62 so my ad will be over 61.62 watching for my ad 61. a little chop right there orders it at 162. to add so we're getting that draw down there hi this candle is 60. we broke through that descending resistance right there below that candle is 56 i'm going to add on the dip at 58 right there so accumulate a little bit more on the dip for the curl back through 160. pull it together girl my thought on this is that uh we break through 160 then 64.65 then we've got to break through 68 right so 168 is the big line let's see right around 9 00 am if more volume comes into this so watch for the ad over 61 62 so adding into that high a day squeeze this is buying dips when i add down here watching over 160. here we've got this ascending support line so let's watch that break of 160. more volume coming in here that's what we wanted to see right at uh 9 a.m watch the ad over 160 then 161. adding there at 160 adding at 62 now looking for the squeeze through 63 adding a 63 looking for 65. volume's coming in we're looking for 165. there's three on the ask there's four nice taking a little off the table beautiful stop break even on the rest volume really came in there at 9am scaling down new order at 165. hi that candle was 163.58 volume spike right at 9am watching dips for the next trades high on costs was 136 but it's dipping because gamestop is dipping right this is bouncing off of the ascending support however every dip trade i've done where i've bought this as it's dropping i've lost on so far today so i'm not gonna do that i'm not my temptation to buy right here i'm not gonna do that because the last two times i did it i lost so i'm gonna wait yeah the nice thing though with these two trading so closely together is that if gamestop starts to rip i can take bigger size on costs because it's lower priced so that's that's the good news but because they're so tied together um i'm not going to get the trade on costs unless gamestop goes game stop goes first then cost follows so this was cost yesterday this was gamestop yesterday right so pops up pulls back a little at the close pulls back a little they are like a mirror i mean they are the same so focusing on game stop but keeping both of them on watch now on that trade i could i suppose i could have just done the trade on costs but i didn't feel like i wasn't sure about that entry which would have been 35 it only went up about 87 cents i think for me to want to trade costs i'm gonna need to see gamestop going parabolic like bordering on getting halted halted on circuit breaker so you know even though i missed the action yesterday i didn't trade any of that squeeze on game stop yesterday you know i missed the whole thing i was i was driving i had to run some errands and whatever so missed that whole move if i had been here could i would i should i have traded it well i mean you know yes but on the other hand i could have also just as easily been outside playing with my son and i usually i usually try not to sit here until four o'clock and i try not to trade after hours because trading after hours if you lose you've got no time to recoup those losses so i don't know i mean i i you could always say oh man i would have made half a million dollars trading that yesterday and maybe i would have but would have also required me to take a pretty high level of of risk with a late day afternoon trade and so in any case rather than beat myself up about that and tell myself okay i gotta trade till 5 pm every day for the rest of the year because i don't want to miss that again i just let it be what it is and come back and trade this morning and so here i am this morning sitting up um well let's see four thousand plus twenty one so now sitting at a hundred and five thousand dollars on the day so you know all things considered i've not to compare myself to others but it's very possible that i've made more than someone who even traded this through that whole move yesterday i just had to you know come back and wait for the spots that made sense but i made a hundred thousand i'm up a hundred thousand dollars and i've been trading it in this range so if we get another squeeze like that where it rips up you know 30 40 50 points whoo i could do well i would love that to happen it's just it hasn't happened yet today i don't know if it's going to happen and sometimes these moves happen at funny times like five in the morning or after hours and it's like man why does i have to make the big move it's such a funny time of day and i think it happens because it the market is kind of not prepared for it not expecting it you don't have maybe the short sellers lined up to start shorting it it's just at a funny time of day so it's when it takes the market by surprise and and goes when it goes i don't think anyone was really prepared for it so some of you guys may have traded it and you know happened to just the luck of the draw that you were sitting in front of your computer and saw it but i also guarantee that there's people that uh easily could have traded this this entire move yesterday and still managed to lose money and you say how is that possible well i've done it before and it's possible when you know you sort of get in right here false breakout look at that hit a high of 28 drops to 110 that's an 18 point false breakout right there this right here continuation false breakout drops back down that right there's a false breakout that right there hit a high of 170 drops down to 150. that's a 20 point false breakout here's another topping tail doji and then look at that rejection from 200 back down to 165 in one one minute candle so that's how it's done i've i've been there i've watched a stock up fifty hundred dollars a share and somehow managed to lose money on it and just been like wow i feel like i'm i really feel like an idiot here and these stocks that just go up and up and up it does feel like they don't respond to those technical levels they just keep going it doesn't really make sense and you're just feeling confused so focusing on the time of day you typically trade the best focusing on the patterns that you understand the best and managing your risk is what it's all about you never kept capture every single momentum stock you'll never capture the entire you know bottom to top of a move you just come in and do the best you can each day so we've got about 20 22 minutes to the bell that last trade for me on at 160 was good we got a five point four point breakout i have average down on it at 158. look at twitter um so twitter i don't know i you know to be honest i really don't have a lot of interest in twitter um let me see what the catalyst is is there news that came out on it what's what's what's the news on twitter did i miss something from 72 to 80 in 8k filing what's the 8k filing say yeah all right well i don't know i i really don't like twitter that much float is 773 million shares i don't think so maybe it goes but i think i'm just going to miss that one i don't want to chase it up here i i'm just i don't think i mean i'll keep an eye on it over on another chart over here but i don't i don't really trust that one you have so many institutional traders in it as it breaks all-time highs you might have people that are taking profit twitter set's called a double revenue good luck so hi that candle there 58.90 look at that pop right back up to 62. look how fast it pops there up to 62. long there 62 now we're starting to open up here this breaks over 63 watching for an ad through 63 64 65 adding a 64 right there now we're starting to squeeze up 68 is the next target on gamestop holding right now looking for the breakthrough 65 66 volume is coming in it's a nice flat top breakout watch over 65 for the ads watching here 65 i'm going to put an order at 166. so when this starts to ascend here we've got that logical target which is we break through 168 and now we're getting into that 170 190 area of yesterday that's the spot that we want to see watching here for the ad over 164 165 164 is a little level right here watching for dip trades buying the dip at 63 right there looking for the breakthrough 64. there's 64. now there's a seller at 65. i'm going to take a little off adding back at 65 right there now we're squeezing now looking for 68. watch this here they're 66 they're 67 over 67 could be a along for the break of 68 watching so we're starting to ascend through that 68 spot adding right there for the breakthrough 67 scaling in now looking for a squeeze up to 70 dollars this looks good all right so watch this over 68 we're looking for the breakthrough 168 and squeeze up to 170. this looks great so let it dip down curl back up and then 167 is the next ad spot orders at one i'll put the order at 169 so it's ready to go buying the dip is 65 right there for the curl back through 67 as we come closer to the bell and it ascends higher this looks good watching 67 then 68 squeeze up through 70. so you've got 67 coming up right here watching for the ad through 67. adding here 66 66 scaling in for the breakthrough 67 then 68. here we go they're 67 they're 67.50 can we get 68. they're 68 they're 68 there's they're 69 there's 70. order at 170 now watching for a quick dip long at 69. buying that dip right there for the squeeze through 70. now we're starting to get parabolic there's 70 on the ask watch a dip right here along over 70 adding at 67 buying that dip for the pop through 70. as this starts to squeeze through that level next target 75. 175. watch this over 169. adding there 69 for the breakthrough 70 scaling in here looking for that squeeze up to 175. i'm going to add over 170. watch here looking for the ad breakthrough 170. buying the dip at 68. there we go they're 69 we're gonna break 69 70 this is a flat top breakout there's 72. this is amazing hi this candle 72 new order 172. watch here sizing down a little bit taking some profit off the table over 170 new order 175. size down on this pullback hide that current candle is 172. we broke the flat top on high volume which is great now i'm tempted to buy a dip but i don't want to get sloppy in doing that because like i said the last dip trades failed that candle right there through 170. interestingly the cost is lagging behind i see that so we broke through that level which is great now on the daily we've got uh i want to see us hold over 168 and then room up to 170. so i'm going to put a new order at 170 here watching this dip i don't want to underestimate the low of the pullback is 65. adding back at 68 right here stop is 65 looking for this to break back over 170. looking for the first one minute candle to make a new high through 170 and then a retest of 173 let's see can it break back over 170 i'll add over 70. orders at 170 to add we're starting to ascend a little bit here adding a 69 there's 70. can we get the break of 70 then squeeze back up first one minute candle to make a new high new orders at 70 and 10 cents for the ad adding right there for the break of 170. so starting to scale back into this then over 172 there's 170 on the ask look for the add then the squeeze up to 172 173 174. i want to see 175. that's the spot i'm really kind of dialed in on here watch the break over 69 70. here we go there's 70 on the ask again there's 71 taking a little off the table new order 173 175 high that candle is 72. so taking a little off the table as it breaks in over the 70 level sizing back down to flat as it failed there it's back down to support now i'm going to look for a dip this is a one minute this one minute candle here is a false breakout it made a new high now i'm going to look for the break of 65 and on a break of 65 i'm gonna do a dip trade we've got 13 minutes to the bell and this is actually you know in that move right there in that five minutes looks a lot better because now we're opening i mean we're still right around 168 but we're opening about flat to where we were after hours target is 200. it's interesting that cost is lagging behind a little bit i'm not sure exactly what that is it may be that people are just starting to short cost because they're like listen this stock isn't even it's a sympathy stock why is it even it has no reason i mean gme barely has a reason cost has no reason to be up this much so watching for a break of 65 for a dip right here starter at 63.50 stop is 60. only buying 500 shares to start watching add it right there 65 and then there's a 40 000 share seller come on 40 000 share seller up there i don't like seeing that see that seller right there so i'm sizing back down i don't like that seller which one are you selling 45 000 shares 20 minutes to the bell so very nice trading in that area sitting at 162 000 on the day right now between my two accounts 14 million shares of volume i'm i'm i can't help but be a little nervous about the open and what might happen uh remember at the open options will start to trade we don't have a five minute set up right now five minute setup isn't there the uh obvious high at this point is 72. so i have an order ready at 72 to add if it breaks that level come on girl still four minutes left on this current candle let's see so at this point all eyes are on gme i'm not really focusing on costs anymore thank you guys who are tuned in on facebook and youtube hanging out and watching over my shoulder here a little bit kind of a crazy day game stop i knew it would be crazy so got up early to start trading it early we've been kind of watching this since about 6 45 a.m volume really started to pick up at 7 a.m so i wanted to be here for that i'll be definitely curious to see um whether or not you know what happens at the open uh so as i sit right now on gamestop it's 9 22. i'm up 142 000 on the day plus another 20 000 over here uh in this account on this account i got in for the break of 150 and got a solid 10 points on 2 000 shares that was a nice trade over here i've been much more active getting in getting back out and i'm watching game stop and trying to figure out and decide where the next potential entries are going to be it's going to make my charts a little bit bigger here okay so yeah i'll keep gamestop uh as the focus stock costs i'm not sure about like i said it's kind of doing a little divergence but if gamestop goes parabolic i guess i would figure cost probably will too so over 36 dollars they've been trading pretty close together but a little bit of a divergence here in the last few minutes so the high is 36. i just think that it's a bigger short target because it doesn't have as clear of a reason for being up it's just following gamestop but they're totally separate companies they just both had higher levels of short interest that's all remember as always and i'll put my disclaimer up here on uh youtube and facebook trading is risky in case you didn't already know that most beginner traders lose money so you should assume that you will also lose money uh i would would that in mind trade in a simulator and not put real money on the line there's my disclaimer until you've proven profitability you shouldn't blindly follow me or anyone else you've got to learn a strategy so right now i'm taking along at 67 it's starting to ascend right here on the 10 second chart so what i'm looking at is this ascension here the breakthrough 68 and then if this breaks back through 70. i might be a little early on the 5-minute setup the first 5-minute candle to make a new high is gonna be 70 but i'm holding at 67.25 so now my ad on this is going to be over um 70. we do have risk of false breakouts waiting waiting right now waiting for the first one minute candle to make a new high five minute we have just a few seconds left four three two one so now we're clear for five minute breakout over 70 first five minute candle to make a new high adding their 69 now looking for 69.50 looking for the ad over 70 adding at 70. now looking for 73. watching over adding at 72 there's 73 can we get the break of 74. adding a 7370 for 74. we're squeezing up here right into the open picture perfect break of 75 is the next target watching dip adding along 60 uh 7468 for the break of 75. watch 75 and then squeeze up towards the 80s there's 75 it's having a little bit of a hard time breaking that level but let me give it a chance adding long right there for the break of 75 doing quick dip that was a nice break out there 75 there's 75 50 holding 3000 shares looking for a dip high of this candle is 75.45 new order 75 45 76 176 so watching 176 for the next trade and a squeeze up towards 180. we've got only a few minutes to the bell but this is looking good based on where we're looking to open so sizing to try to catch that break over 176 and then a squeeze at the open how high is it going to go man i don't know if we get the break of 180 we could start to move pretty quickly looking to keep trading this looking for the ads long over 75.40 watching watching for my ad over 75 this is a one minute micro pullback so i'm holding through it i'm going to look to do a long on a dip adding at 74 right there bought the dip for the breakthrough 75 watch over 75 and 75.50 watching for my ad 75.50 this is a one minute micro pullback looking for the break of 75. there's 74 73 still holding i'll look to do a dip trade looking for that pop right back up and then over 75 so my question is at the open do we get that squeeze through 75 and squeeze up to 180 i could certainly see that happening let's give it a chance to pop back up through 74.75 two minutes to the bell watch 74. there's 74 on the ask then we're looking for 75 so let's see let's see what this can do it's dipping a little bit i'm going to take a small loss on that and i'm going to go in and adjust my hotkeys here with 90 seconds to the bell my cell hotkey control z is not offsetting enough below the bid i'm only 15 cents and on this stock i need to give it a bigger offset so i can get filled 50 cents and 50 cents my shift 1 hotkey i'm going to adjust as well shift 1 to 50 cents above the ask so i can get filled shift 2 i'll do 50 cents as well giving myself more slippage my offsets off the ask i'm going to do bigger as well let's see we've got less than a minute to the bell so this is where i adjust my hotkeys for the market that i'm in i do think that that's the right move we've got 30 seconds to the bell in order for me to really have a good day this is going to need a break over 190 180 190 and 200. okay so here comes the bell expecting lag orders at 175. this could flush 10 points it may not be something i want to trade in the first minute let me just watch this we're going to have some option orders that go through we can expect that a trade in the first few minutes i could be risking 10 points so here's a sell-off right here there's 50 i saw 58 on the bid for a second dipping back down there might be some people taking profit can we get a red to green move on it right now waiting i don't see the halt levels on it just yet there's 58 59 56 by 58 i'm going to take a dip trade here at 54. i'm going to try to do a dip off the half dollar and start to step up because this is the volume weight average price so i'm doing a bounce off view app at 54 adding there now looking for the squeeze through 75. so looking for that red to green move over 70 is an ad watch this here over 65 165 then 170. there's 163. look for the ad over 163 164. we're starting to base out here for the first one minute candle to make a new high volume is going to increase i think uh we're just still sort of sorting out a little imbalance looking for the ads through 170 red to green watch over 168 let's catch the break of 168 i'm cutting it for a small loss there at 60. i'm gonna let it dip down again cos is moving up um i have that on my other monitor but like i said i'm just a little cautious on that the low is on gamestop maybe i'll let it come back down to a double bottom you know what's funny is that this almost feels throttled in the volume typically what you see on volume is what you see on costs it's almost like it hasn't fully opened costs volume starts surging as soon as the bell rings gme is still kind of burning through this like imbalance in a way it's weird it's not the vault there's the vault there's volume picking up on that candle there so watching down here on gme this is right at the volume weight average price now volume is coming in back over 160 stop would be 150 there's 148 hulk hall level going down is 144. now we're seeing the halt levels long at 46. buying the dip at 46 trying to do a dip trade on this but stopping out 2 000 shares lost uh what did i lose uh eight thousand uh all right it's weird open weird open i'm gonna put an order at 140 if it falls halts but you might just be seeing people taking profit now of course cost is halting going down as well all right so we're halted down at 137 so you know i stepped up to the plate on that and did dip at 46.50 and stopped at 44 and then the rest of 42. two points of slippage okay so watching the high day scanner sitting right now up 192 000 on the day which is amazing ssnt these days they're few and far between ssnt i'm seeing it squeezing up the halt level is 9.65 but i kind of have missed a good entry dynt not sure about that either ssnt up to 91 but this is coming right into the resistance here the volume weight average price that's resistance at 91. okay ssnt from 9 to 10 45 so it's breaking through that volume weight average price million shares of volume halt level is 10.45 it looks like it's going to halt no trades for me on that one yet halt level may move up again if the halt level moves up we could get a dip but just see what it does hotline moved up long at 30. buying the dip there for the squeeze up to 10.75 when the hot level moves up i buy that so watching ssnt over 1050 for the ad up to 10.75 added 1045 right there so looking for that squeeze through 1045 and then up to 10.50 watch over 40 adding right there 50. there's 60 taking it off the table oh man so okay this is a problem these hotkeys are not going to work for these other stocks uh this is so this is the problem i've now tuned my system for gamestop and that is not going to work on some of these other stocks so ssnt i sold on the bid full position which is not what i intended to do all right well let me let me let this pull back let's see if i can hold the volume weight average price in any case i don't love that red candle there that dip from 50 down to 93 then back up in a false breakout i'm going to watch gamestop on resumption costs i don't care too much about gamestop so this was a funny open it was almost a delayed open here by a few minutes just all these orders here were lighter volume and then it started to sell off so on gamestop you know maybe it just fades and people are just like oh i'm going to take profit but i'm looking for a red to green move the problem is that that idea of a squeeze up to 180 well now it needs to get back up you know above the half dollar so the halt was at 9 33 and 39 seconds resumption should be at 9 38 and 39 seconds ssnt i'll keep on watch made 1600 on it but so the halt was 137. so i'm going to put an order at 140 on ssnt or gamestop if it opens flat i'm buying watching opens flat but weird waiting waiting on that long right there buying the dip just a thousand shares to start adding there for the break over 150. watch this over 150 dollars holding it looking for a dip and then a squeeze through 150 and a red to green move there's 144 looking for 147. i think we'll get the break through the half dollar so let's look for that break to the half dollar there's 47 can i get the ad 48 watching for an ad adding at 48 for the break through the half dollar looking for that pop through 150 hulk going up is 155. look for the ad over 150 and then a halt going up on gamestop watch here for the ad over 150 adding at 150. there we go taking the profit off the table 195 on the day high that candle is 154. i'm going to let it dip for a second then reposition for my next trade halt level moved up a little bit okay we're reclaiming the volume weight average price i was down 35 000 on that trade before i went green on that dip right back here to 39 i was down 35 000 high of this candle is fifty seven eighty i'm going to let it pull back for a second can i hold this level we've got a big spread on this so now it's back to 49. dip trade long at 50 i'm buying the dip there looking for the pop back up managing my risk here with smaller size initially looking for the break back over 50. and cutting the loss there [Music] 43 lost on that one 14 000 whoo so this is a tough one this is a tough one sitting back at 180 basically the same as i was from pre-market right now we're not getting big enough moves i guess to make good money on it it's moving but it's just so volatile so glad i didn't lose 50 grand on that trade if it broken back to 35 i would have had to cut it for a 10 point loss from 47 entry well ten minutes into the day sckt hitting the scans but i don't know i i'm i don't like that ssnt didn't hold up i think if i buy this i'm just going to be buying right into a flush i don't think i can do it i think it's gamestop or or nothing and with gamestop dropping there maybe that's it now that maybe is it for the first you know 15-20 minutes maybe we do get a nice red to green move later in the day but the big move should have been right at pre-market and it should have right at the open and should have ripped through 75 right here on this candle if it was gonna squeeze that's where it should have happened 75 80 85 red to green second best opportunity and at this point we're going to red we're rejecting off of that 168 level so gave back 14 000 off the top it is halted again going down at 129. was up at most 195 000 on the day sitting at 180 right now i think i'd rather keep that in my pocket than give back anymore chasing it as it drops so here's what i'm going to do i'm going to go into my share size and i'm going to reduce my max share size to 3 000 shares now with 3 000 shares i can still realistically i could still lose 30 grand uh 10 points but i'm going to reduce my share size i would say that this had the potential uh if we had gotten that squeeze to 175 and then adding for that parabolic move 185 190 break of 190 back to 200 room to 212 on the daily if we had gotten a candle like this just inside a candle like that i think i could have done really well we just didn't get it now well not yet again still early but i think today's a day to be really cautious i mean i guess that goes without saying but this move on gme you know it's kind of it's it's nasty it's it's a bummer that it didn't hold up it's not surprising you have some people that are i guess taking profit on it after maybe being read but cdxc on the scanners look at that so straight from 10 to 12.50 so this is one that has a little bit of a bigger flow to 51 million shares it is easy to borrow gamestop was the last print on gamestop my time in sales is not showing me the last print which is weird i've never seen that before so the last print was at uh 42 40 roughly so okay so we should get resumption around 47. 47.30 okay and my time in sales is blank on this it's weird okay let's watch for resumption small size on dips buying dips and then catching bounces back back up so the halt was 29 i'll put an order at 132. 250 shares long buying the dip there looking for the pot back through 130 then up to 140 watch over 130 added right there taking it off the table small gains 2 000. still holding uh a hundred shares though well so back to flat or that trade was a break even trade because i held a little bit next halt down is 116 112 buying the dip there at um 1 1360 for a bounce let's see if this bounce is here 113 114 will be my new order watching for false hall and a bounce back over 13. still volume going through so watch this here if it breaks over 13 we'll get a nice bounce no so it's halted so holding at 113.60 down 60 cents i don't love to be holding into a halt down but in this case i'm kind of okay with it given that this is extended enough that it's starting to turn into a reversal trade off the low so the last reversal trade that i got there was the long at 29. so i was long at let's see 2867 2893 2966 2944 and then got profit at 32 73 22 and 31 then i hit the bid on the rest at 26 and 22. so i did get a nice little dip there i've got 500 shares right now not 5 000 so i'm my risk is definitely reduced no bids on this when we get these halts like this because this is um this is a nicey stock so we don't see any any quotes so look for a bounce here coming out of this hall maybe off a hundred when you get these strong sell-offs just like the big moves to the upside i start to look for the reversal trade try to trade the other direction coming back up come on okay nice good job richard yeah it almost looked like it was going to bounce there and it started to but then it sort of faltered so next order i guess i'll put it at 115. gmbl making a nice move you can see it on the scans but i'm i'm just focusing on gme it's the it's the right stock today with the volume so the last print was 48.49 48.50 so resumption should be 53.50 so about a minute and a half away stocks like gamestop are certainly going to be some of the riskiest in the market these are very volatile but each day i look for volatility so these are the type of stocks that i generally like i can generally do well on because they have big range you know this has had a range from 175 dollars a share to 112. you know it's a 60 a share range it's so that range presents a lot of opportunity now for profit and for loss both ways and when i was first trading i would often lose on these because i wasn't as comfortable buying dips the way i am right now and i would just buy the breakout then a false breakout and all of a sudden it drops back down and it takes time to get good at these and the only way to get good in my opinion is to practice and every time i saw stock like this i would be like man i want to try to capture i want to try to capture some of that profit look at how this thing goes from you know 50 to 200 bucks yesterday and i didn't capture any of it well i wasn't trading but seeing those types of moves and not making anything on it made me want to get better and i still have room for improvement i'm sure there's people out there today who are up millions of dollars from their trades on gamestop maybe from holding from yesterday or from previous days that's not me i i you know not to compare yourself always to others but i know some of you are comparing yourself to me and i would just say i could do the same thing but practice practice is where it's at so let's watch this for resumption so watching do we get a pop into a hall coming back up so i'm holding right now at 113 looking for the break of 113 and 114 looking for the first one minute candle to make a new high so the high of that candle there is 12.95 so watch in this area for a bounce off a hundred i'm going to add there at 08 i'm looking for the squeeze through 112. so i'm trying to get the first one-minute candle to make a new high watch over 105 106. this is a high risk trade but i'm looking for a bounce off of the psychological support of 105 of a hundred so now first kale to make a new high back over 110 see how we start to curl there so watch this now we've got 109 110 through 110 is an add adding there for the break of 110 there's 12. i'm taking it off the table into 13. halt going up is 17 but i'm just going to say i'm happy with that 185 000 plus 21 there is 195 000 on the day so again on that one i had to hold into a little bit of pain was really thinking it would bounce off a hundred and it did but then as it curled up took it off the table so now you get that first five minute candle to make a new high and i didn't even wait really for confirmation i could have held this longer could have held it longer but on the one minute not the absolute cleanest sell-off because it was drop pop drop pop drop pop so i was you know after holding in the red i was happy to uh i was happy to take a little off the table there first five minute candle to make a new high right there at 112 pops back to 119. yeah you're right uh so 205 206 000. the profit just on gamestop is uh 193. so i'm probably going to leave a little money on the table today but i'm going to say with that i'm taking my money off the table every day you're either giving some back or you're leaving some on the table and i guess i gave back 10 grand because i was up at 195 in this account and i did make back five there but i'm still down 10 000 off the high i'm okay with that so i guess today i gave back a little profit and maybe i'm i am leaving some on the table by stopping at 10 a.m but i've been trading since 6 45. i've done i've done my time here i've i've sat long enough and if i keep trading i'm going to start getting decision fatigue and i'm going to be more apt to make mistakes to get sloppy and to end up possibly holding through a big drawdown that turns into a 30 40 50 000 loss so i want i want to i want to not do that it's the second to last day of the month so i'm going to put on my disclaimer here again on youtube and facebook this is a special episode of the morning show running all day today or all morning because of gamestop i think the last video i did on gamestop was one of the most popular ones we had done so thank you guys for tuning in please hit that thumbs up if you haven't already if you guys aren't subscribed i do the morning show every single day on youtube uh now over at my website warriortrading.com you guys are able to attend all of my classes the warrior starter classes the warrior pro classes you have access to these scanners which you can run on your own machine even when i'm gone and you can trade in our simulator so you can practice training the strategies you learn i don't want to hear about people blowing up their accounts trading stocks like gamestop or costs or whatever it is if you haven't already proven you've got a track record in the sim now we've all had big losses i'm no exception to that earlier this month in one day of trading i lost 268 000 you can check it out on youtube if you're curious i made a video i started recording the video about two minutes after i cut that loss the emotions were raw i was very upset uh that was also my birthday so it was uh not a great day for me but i talked about what the plan would be how am i going to recover this i just lost almost 300 grand in one day i'm down over 300 000 on the month how am i possibly going to recover this i've never been down 300 grand on the month before i've never been down this much before what am i gonna do how am i gonna do it so in that video i put together a game plan that was right here february 4th this is where i am today this is where i am yesterday before today's 200 grand i have recovered those losses pretty you know slow and steady but a couple bigger days here and there and today's going to be another big day so this now is going to put me up a little over 1.2 million on the year i have certainly heard about people who have already crossed 5 million on the year out there there's a lot of people who have certainly made a lot more than me and definitely on gamestop but i'm making a little money each day i'm making progress and i'm trying to continue to be a better and a better trader this was not a great day for me that big loss but i'm working on rebuilding and this is uh this day today is a really nice kind of you know coming towards the end of the month to be able to make that kind of money without having any huge drawdown i mean i was down 35 000 on that one dip trade but it was um it was manageable so yeah um yeah when i was in uh when i i i'm someone who dropped out of college and was pumping gas at a gas station for like seven dollars an hour getting tips of a dollar for from people that were paying cash at the at the gas pump and you know i am very very grateful for the market the stock market has been uh you know has changed my life and the ability to trade in the market from anywhere in the world is phenomenal i know a lot of you guys are logging in from all over the place certainly on youtube um and but even in the chat room and you know being a kid up in vermont in my 20s i decided i wanted to learn how to trade and i'd already been interested in the market but i decided i wanted to really make a serious go of it and it wasn't part of kind of a new year's resolution that i'm gonna wake up every morning early enough so i can trade look at that nice bounce up to 125. high of that candle is 125.99 so now you get that kind of wave as it curls back up micro pullback some people would be long over 25 for the break of 26 27 there's 27 there's 28 so for my average down there at 110 i left left some on the table but again i'm not going to sweat it good job for those you guys that got green those you guys that aren't on the right side of the the p l today well this will be added to the live trading archives for warrior pro students so you can go back and rewatch it study up and try to do better next time keep practicing all right that's it for me thank you guys again i'm going to put my disclaimer up as always and i'll see you all first thing tomorrow morning those on youtube hopefully you subscribed and hit the thumbs up button and if you want to watch a replay of my day trading class i'll give you a link right here it's going to be playing today at 1 pm with members of my staff there to answer questions that you guys may have day trading 101. all right hope to see you guys in the classes and i will see you in the chat room and back here on youtube tomorrow morning

Channel: Warrior Trading

Views: 181,986

Rating: 4.9098887 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: CpnFiB82l9I

Length: 195min 8sec (11708 seconds)

Published: Thu Feb 25 2021