Live Day Trading Morning Show with Ross Cameron

all right good morning everyone so it's about 8 50 we've got about 40 minutes to the opening bell haven't taken any trade so far today but we'll go over the gap scanner and i'll show you what i'm looking at i finished yesterday up about 6 000 so a decent day reminder for those tuning in on youtube that my results are not typical most beginner traders do lose money so i'd encourage you to trade in a simulator before you put real money on the line and don't try to blindly follow me or anyone else i may take trades during the morning show if we see opportunities but that's to be determined so uh we'll start with the leading gapper which is jwn and note that the leading gapper is only 27 this is a relatively small gap so you know and this is a large cap stock under 27 million share float oh not a super large cap but it's a higher float higher price so this one i'm not interested in it's already pulling back the next one down is impp gapping up off of yesterday's pullback pulled back and then bounced up yesterday or this morning a little bit but i don't really like that setup it's kind of like a dead cat bounce but just doesn't feel like it's enough for me to be interested uh b-o-r-r 119 million share float that's a bit too high leaving that one alone for right now indo same with imp back on the scans you know i mean i just i don't know what to say on it it's it had that move all the way up to 19 but then even on that day it came right back down it hasn't held up very well it popped up on this day and then pulled back you know what level does it have to break to actually squeeze out short sellers and for long traders to really trust it and expect a bigger move and it's probably like 16. i mean that's three dollars away from where it's at right now so you know you could trade it on the break of 1350 but i'm just concerned in this area it's going to be choppy and i don't want to get chopped up and take unnecessary losses especially at the beginning of the month so at this point i think playing it a little safer is probably the way to go uh so leaving that one on the side for now orgo 69 million share float not really familiar with it but the float's a bit higher adag 54 million share flow 69 was org this one's 54. sophie 60 million share flow so these ones are higher float and ghw is warrants so the warrants are up here on angh which is interesting angh is up a little bit um you know but not not a lot so we have a little bit of this recent um ipo stuff going on so 10 000 uh 10 million shares at 10 a share raised 100 million [Music] so i don't know but this one's been trading very closely to ispo as you may recall from last week ispo has had this is sort of the larger time frame [Music] could just kind of back it out to a bigger chart maybe that's easier to see higher time frame so we had this big move from 15 all the way up to 110 pulled back rallied back up pretty nicely to 71 and now he's been kind of in this area so you can see we had a descending resistance that it's above descending resistance through here that it's above might be able to draw another line from like here to here which it's below if that's a valid line i don't know but it's only tap twice in any case um you've got this sort of basing out down here uh could be interesting the problem is you see these candles it spikes up and it'll spike up like five six dollars a share and then drops down and then it spikes up and drops down but then this time it spiked up and went into a halt it went up you know a solid ten dollars a share fifteen dollars a share it halted and then it resumed on the hall and kept going another ten dollars a share so this one high risk there may be high reward but it's definitely high risk and it may only be medium reward unless it gets back above like 71.75 and seems like it's moving back towards 100. so ultimately and it's higher priced at this point at 40 50.50 a share so ultimately our best bet is to look for the next one so what's going to be the next one well i'm not sure uh of course i can only guess but uh sky h is interesting this one held up um relatively well yesterday it closed near the high its high the other day was 1593. so you know it doesn't have volume right now but that daily chart is ramping higher and then you're at blue sky above 16. so it's a possibility probably worth keeping on a side chart does anyone have any other recent ipos or spacks that you want me to look at maybe that i haven't noticed cyrn yeah so this one did end up opening up at the close as well it was not uh in the morning but then into the close it squeezed up but then it dropped back down a little bit so this one above the high here of 694 is interesting uh the daily chart is fine uh i don't actually show it as a blue sky setup i do see a fair amount of previous price history on it so i'm not clear if this is you know what that's all about but i do see price history aris let's see uh yeah so that's another one uh we can check the float on that one 20 million shares what was sky age 14 okay cyrn was 3.5 so yep that's another one put that on a side chart aris cptn so yeah junior cptn of course but it's already retraced pretty much the whole move now could it have a bounce like the way ispo had a bounce well on the day ispo had a bounce this was on the 25th move was already wow almost two weeks ago so that was on the 25th cptn yeah i didn't even have sympathy on that day so i mean yeah sure you might have an opera but but it really has retraced the entire move you know went to 80 bucks and then all the way back down so i think that one's probably off the radar tc bp a little too cheap yeah probably so bfri no i don't i mean i don't see it right now above 15 sure but not right here it's not really doing much right at the moment adhg yeah not sure about that mxc so mexico energy well it hit that high yesterday of uh 14.95 and then pulled back needs to get over 18. m-o-h-o lower-priced stock now we did have some lower priced actions actually up 98 so i don't look at stocks under 50 cents on this scan so this one is almost the leading gap or once it gets over 50 cents uh yesterday we did have a a penny stock atxi and this one went from 50 cents up to 1.20 at the open so you know moho is a similar pattern i mean i'll i'll give you that but i'm not sure i i don't know i mean you never know maybe this is the this will be the new pattern these cheaper stocks it has 12 million shares of volume of course that's only 6 million dollars of of money because it's such a cheap stock 12 million shares of volume on 100 stock is significantly more important but yeah i don't know we'll see if it opens up moho 200 moving averages around 85 cents so dc fc uh yeah curling up a little bit also had that um that squeeze back there but at this point it's pulled back too much i think so moho's not on the gap scanner because i don't look at gappers below 50 cents reminder for those on youtube just getting tuned in trading is risky most beginner traders lose money my results are not typical we're coming up to 9 a.m here so we'll see if we do have any fresh news at 9 a.m you never know might get something moving a little bit so at the moment i'm just sitting tight being patient happy to jump on something if something starts squeezing up and looking good interested to see where we have that kind of next round of momentum not quite sure yet so a couple headlines coming out here indio triple bottom ocg um this has the nft catalyst um hang on one second sorry about that um all right so let's see we've got about 22 minutes to the bell and nothing really happening uh at the moment anyway so just kind of sitting tight um hoping that maybe something starts to open up here uh so patiently waiting and watching so i was looking at the nft catalyst on ocg um trka i saw moho got up over 50 cents for a moment there but then back below good morning holly bright and early good for you oh i see that so why is that doing that um um i see that all right sorry about that hey so we did get some opportunities yesterday which was nice uh kavl this uh ended up squeezing up a bit at the open so we got some trades on that one that was nice from three dollars up to 350. um so warrior pro students um specifically students who have profitability badges uh next thursday on the 10th we're going to host another uh session just the way we did uh in december for profitable traders so it'll be a a profitable traders zoom session where we can uh exactly the same as we did before we'll talk about what's going on in the market what's working what's not working um talk about what we're gonna be doing to improve our strategies how we can kind of try to keep getting better et cetera et cetera so that's gonna be starting at 1 pm eastern on uh the 10th so that's coming up uh next week all right so mark your calendars for that if you've um got a um if you've got a profitability badge uh if you don't already make sure you get that badge and uh there probably won't be time i mean there may there may be time for you to get it if you get your docs in uh by friday but i can't promise that so if you don't already have a badge put in your docs try to get the badge as quick as you can and if you don't make it in for the the 10th you'll be there for the next one let's see the time is at 1pm and i want to congratulate we had our uh ninth uh trader in the community get his million dollar badge so we're uh proud of him and we have a student that just got a 250 000 badge yesterday i believe it was yesterday uh william and he's already uh coming in towards 500k so that's fantastic good job william he verified uh 250 uh and warren warren uh also got his 250k badge and diane diana got a 25k badge as well so congratulations to batch holders um you guys again will be invited in we'll send you an email to invite you into that session it is just for badge holders yes but that'll be happening on next thursday so i'll make an announcement on that and post it here thursday yes you're welcome to send in um uh i'll give you the link where you can submit your broker statements as i said um you know if you submit them today we'll be on uh first come first serve to try to get those turned around as quick as we can i'm not gonna guarantee but if you if you give us everything we need um then we can get those turned around pretty quickly for you we have a compliance team that does it we added 25k uh ryan okay all right so that's posted so we've got about 15 minutes to the bell yeah thanks timmy and this will be i mean it's a good one for me i listen i'm still trying to improve my trading i'm still trying to be a better trader trade through cold markets in a better way so you know i i learn a lot from you guys and these are these types of sessions are really helpful to be able to bounce ideas off of other traders who are going through similar things similar ups and downs so okay um so we're still sitting here uh just watching patiently waiting for the next one that looks exciting i'm ready to jump but just have to be patient and it's early in the month so i want to try to build my cushion and i'm still digging myself out of a little bit of a hole from last week i had a couple red days last week so i've got to try to be disciplined right now stay calm cool collected small red days and small green days until the next big green day that's what it's about today is going to be either a small red day or a small green day and i want to try to make it a green day but i don't want a big red day i don't think we'll have a big green day unless something surprises us and really takes off so it's probably going to be either a small red day or small green day and so if i approach it from that perspective trading with smaller size is going to be a good approach a smaller size helps reduce my risk so if it's a red day the loss will be small and if it's green then i can have a small green day and that's just fine too if i start going in with big size then i'm kind of guaranteeing that well i know that i'm taking the risk of having a big red day if i take 30 000 shares on my first trade and i lose 30 cents i'm down 9 grand that's a big red day just like that so i would like to avoid a big red day and that means at least initially starting with smaller share size being a little bit more conservative until something starts to open up so once something starts pulling away right something breaks over half dollar and then the next whole dollar and starts pulling away that's when i'm gonna ease on to the throttle and step up to the plate and i just have to wait for that so 12 minutes to the bell right now ispo is still on daily watch but the volume has declined quite a bit a lot topping tails on it so although i think if you're quick you may be able to do something the spreads are so big and the price is so high the risk is quite high it would be hard to have only a small loss on that one even with small size moho price is a little cheap i'm just not really into these under a dollar uh price range stock so we'll leave that one alone for now indo i've already traded it quite a bit the daily charts pretty messy unless it can get over 15 and 16. so i'm kind of waiting for those levels irnt a little bit of a move yesterday at the open pulled back ended up closing the day uh looks like red uh no small green candles so i don't know i'm not that interested at the moment cyrn a nice daily chart for a breakout somewhat recent reverse split a particularly low float 671 was the high from uh yesterday i guess or something like that um sick actually no sorry so it went so the high back here was all the way to 855. so let's get that context right so that was 855. it came up to sort of this double top resistance around 670 right in here which was kind of around this high here if it get over 670 and 7 then maybe we've got something we can work with so cyrn i'm going to keep it on a chart right above me just so i have it on watch uh sky h did have a nice move into the close yesterday i agree this one uh is a pretty strong chart if you can get over 16 which is not that far away from that could be nice but uh it's lighter on volume it's down two percent right now but this is continuation all right so we've got continuation on sky h continuation on cyrn possible continuation on ispo these are all continuation setups daily continuation ispo former momo stock made this huge move it can move quickly but just be careful and the others are interesting but are lacking volume right now so we need volume to pick up a little bit and then we'll see if uh we see opportunities so that's the watch list with nine minutes to the bell let's see um ispo a daily abcd pattern yeah it is i mean you're yes it is it did pull back a little bit more than you'd like for a typical abcd pattern it pulled back like 60 you know went from 108 all the way down to a low of 30. so an ideal abcd pattern would be consolidation a little bit closer to um the top so let's see um this would be a cleaner abcd pattern on this one where you got this move it's in this top 25 range up in here below six that's a cleaner abcd pattern just for instance so these are some that i've got to add to my classes but sort of a little abcd pattern in this area as it kind of broke away again very we're holding the gains quite well yeah that one was pretty wild so just have to kind of be patient until we see those kind of moves again or something like this you know choppy at the open and then a really nice red to green so we're in a little bit of a you know hot and cold patch we see a little momentum then it cools off again a little momentum cools off again cyrn i'm gonna take a quick long on that um at 53 it's starting to open up here so you see how that just popped up so now i'm going to watch this ad would be 75. if we can break over 75 so new order on this i'm going to put at 70. here's what i'm thinking um that's pulling away if we break over 75 we've got a bit more room added to 80 right there now let's see do we go up to 90 next ad would be 90 adding at 90. now i'll add at 95 for the breakthrough seven let's see if we break through seven then seven ten seven fifteen if we start to pull away that's when i can start to size up for a bigger move so watching right in here adding at 87 right there looking for the break through seven there's seven took half off the table and i'm going to hold 3500 shares with a new order at 7.05 i'm gonna watch another dip we tapped seven watching for a dip here added 83 so bought the dip at 83 now looking on the 10 second chart for a retest of seven dollars there's 99 good decent liquidity on this one new orders at seven a little profit and then i'm going to look to add back again average is 72 new order is 708 so i bought this with a 53 initial average 653 that was certainly 40 cents higher than the initial move so added right there at 93 for the break over seven there's 98 there's 703 taking a little profit at 703 high this candle is 707 can it hold seven added right there 704 next add 715 as it starts to pull away so watch for the ad at 7 10 7 15. added 704 i'm looking for 707 715 this has room as we start to pull away from seven there's a bid at seven which is good so high this candle right now 709 watching for dip ad and then we're looking for 724 and 750. so i'm buying the dip right there at seven and now we're looking for 705 707 and 715. we're up seven percent we've got a nice pattern here hi this candle 709 so i'm looking for the break of 7 10 7 15 7 25. i'm glad to see that we've got this opening up because this is a nice continuation setup so we've got three minutes to the bell a possible halt up on this would be around 750 we've got room to nine it's a clean daily chart watch uh the first one minute candle to make a new high for the next ad 704 there you go so there's 7 15. watch the ad 715 [Music] and then 7.25 add it 709 now i'm looking for 715 725 as it starts to pull away if we can get 725 into the open then we've got a good shot at 750. we've got two and a half minutes to the bell there's a 10 000 share buyer right there so when i see a buyer like that i add at 7 12. now looking for the squeeze through 715 and 720 there's 15 on the ask the buyer's at 8. flat for now let it dip new order at 7 15 2 minutes to the bell hi this candle is 7 15. it's holding over seven but it's a little bit choppy i'm going to move my orders 717. so warrior pro students we're going to keep trading at the open those tuning in on youtube and facebook if you want to keep trading side by side with me you've got to become a warrior pro student so hope you guys join check out warriortrading.com strategy to learn more reminders always trading is risky take it slow we've got 90 seconds to the bell and we'll be watching cyrn ispo sky h m-o-h-o we'll see if we can find some more opportunities those tuning in i hope the watch list has been helpful make sure you hit the thumbs up if it has been and make sure you subscribe and i will be streaming again tomorrow of course some days i do start streaming earlier other days i go later and some days i might pop on for a live recap if something interesting is happening all right we'll keep cyr in on watch 30 seconds to the bell

Channel: Warrior Trading

Views: 15,909

Keywords: day trading, day trader, stocks to day trade, day trade, How to day trade, Ross Cameron, Warrior Trading

Id: G9lRdz0RaWE

Length: 40min 30sec (2430 seconds)

Published: Wed Mar 02 2022