[LIVE] DAY TRADING Morning Show with Ross Cameron (HOLIDAY SPECIAL)

Channel: Ross Cameron - Warrior Trading YouTube

Watch on YouTube · 2023-11-24

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AI Summary

Here are the key points from the YouTube trading video transcript: **Stock Tickers and Price Levels:** * BGC (Biggert & Co.): $7-$10, support at $8, resistance at $10, target at $12 * FJL: $0.28, double top at $0.33, support at $0.30, float is high * SGD: $250, 100% bounce from $250 to $500, no interest in trading it now * MTC: $38, too expensive with low volume * ICLK: $0.50, too cheap for the trader's liking * PXM: $1.17, not of interest due to past poor performance * GGC (GGC): IPO, no quote available **Key Trading Strategy:** * Focus on leading gappers with high volume and a clear continuation setup * Look for stocks that have made significant moves in the past but are struggling to hold above key levels * Use scanners to identify potential trading opportunities and monitor price action closely **Indicators Used:** * Scanner (not specified which type) * Vwap (Volume-Weighted Average Price) **Entry/Exit Rules and Suggested Trades:** * Enter on a leading gapper with high volume and a clear continuation setup * Set stop-losses below the recent low or support level * Consider entering on a squeeze-up candle and exiting on a pull-back candle **Timeframes Mentioned:** * Pre-market trading (no specific timeframe mentioned) * Opening bell (implied to be around 9:30 am ET) **Risk Management Tips:** * Be cautious of stocks with high float levels, as they can be difficult to move * Focus on volatility and price action rather than relying solely on chart patterns * Set realistic stop-losses and consider scaling out of positions to limit risk

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all right so here we are it is Black
Friday and for those of us DieHard
Traders we are
here let's see I've got my broadcast
coming through twice on YouTube so uh
leading gapper BGC right now lower price
stock I mean it's been grinding higher
but still overall lower price um not
sure whether or
not that's going to give us uh any clean
action needs to get a little bit um
probably well for for me to be
interested it needs to get above a
dollar a share so we're a little ways
away from that level uh sprc you can see
was just lighting up the
scanner uh I got a trade on that we'll
look to see if it gives any more
opportunities so let's see we've got
some stuff to break down for today um
for those of you guys tuning in on
YouTube for my watch list make sure you
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that let's see um so I'll put the link
here
um in the chat feed on
YouTube
all right so sprc let's watch this one
um this just lit up the scanner here on
the to squeeze up to
1050 are we going to get a bounce and a
pop back
over vwap I
wonder so this one uh currently is our
it's like eth leading gapper it's up 16%
but it was um a big move made a big move
on Wednesday just before the day off so
you can see that this is a Contin uation
setup Big Move Wednesday and then here
pre-market all of a sudden we get that
pop right there so that was a nice move
for sure from $7 up to$
1049 but what we have been seeing a fair
amount of have been these kind of
dramatic moves the upside and then back
down so it's are we going to get another
wave back up and I would want to see
this break
over
vwap
so we'll see what this does I'm going to
keep my eye on
it we've got about 25 minutes the
opening
bell BGC yep so hanging out around
80s hey Justin good
morning hi Gina good
morning here we go sprc popping up a
little bit there up to 894 so first
candle goes green now you've got
8.95 so Target right here would be like
$98 which would be a test to the vwap
let's see what it does around nine if it
can pop through
nine you know it's a stock with a pretty
low float when it moves it can move
quickly but you
know doesn't have a ton of volume
yet
hi Trey good
morning I am live uh and I'm giving you
my watch
list yes here on YouTube
fjl and SGD all right let me look at
them so
fjl
fjl fjl is a lower priced one um let see
fjl what what was um at least I thought
it was am I typing in the ticker
wrong F it's LJ okay sorry uh 28 cents
yeah um so it is cheaper uh as I
suspected lower price
stock high volume yesterday or well on
Wednesday okay high volume because it
started the move after hours up to 30
cents pulled back right now we've got a
double top at around that 30
level so I would say on
this h
H I I don't I don't love this
um you've got this very clear double top
at
33 it's above vwap and probably draw an
ascending support line here that would
be fairly
accurate so as long as it holds this
ascending support level it's probably
okay but yeah and the float higher I
mean it's not one that I would go for um
but
and then
SGD yeah I you
know we got a big bounce on it
um the other
day and I didn't really trade it that
well what day was that oh yeah I was
right
here so from like $250 up to $5
you know 100% bounce which I'd kind of
been looking for but then just the way
it happened the level two was weird on
it I don't know it was like seemed very
thickly traded like there was some I
don't know I just there was something
odd about it so anyways um I'm not that
interested in it at this point I like
the idea of sprc because it's like oh
wow okay this thing was strong on Friday
and it's continuing today or Friday you
know strong on Wednesday before the day
off off continuing today but you know it
kind of stalled out there um high was
1049 so that one kind of stalled out
unfortunately
so our leading gappers BGC at 77 cents
has 17 million shares of volume it's a
lot of volume 10 million share FL float
it's up
123% uh
but you know it's a little cheaper for
my
liking ATI second leading Gaper only
34%
$125 3,400 shares of volume there's
nothing there irbt
30% too expensive uh up $38 it's $38
stock so
MTC up
27% uh this
one floats too high
iclk floats okay price is okay but darn
it it's a buy out it's going
sideways tbio 50 cents is a little too
cheap for me up 72 cents that's too
cheap pxm
d117 but I'm familiar with the name
we've traded it a bunch and it doesn't
hold up well so not that interested in
that one and now we're getting too far
down the scan sprc not holding up um
very well it retrace more than 50% of
the move so you know I kind of look at
this move and I say well what's the
halfway point you know and it should
hold that level and if it doesn't then
it's hard to be bullish On It ultimately
you had you know a couple of green you
know four green candles whatever and
then like it just gave back pretty much
the whole thing uh Capa recent IPO um
let me look at that one um not getting a
quote on it let's
see I'll have to look into that
um see what the issue is
there when did that IPO
cap
h
oh okay J
GGC got it
okay
well I think with sprc the other thing
we're looking at is um the levels from
Friday or again from Wednesday
so you know
Wednesday we had this high of 939
pre-market and then it came up on high
volume but it wasn't able to break that
level right so then it breaks that level
on very light volume pre-market all
right that's typical premarket after
hours trading lighter volume bigger
moves now it's selling off so can it get
back above these levels from from
Wednesday it would sort of need to if it
can hold above those levels then that
starts to look really a lot better for
continuation in my
opinion when the float is too high you
have a stock that has such a high level
of Supply that it takes almost an
impossible level of demand to create a
really big move so as a result you have
less volatility which is
desirable for stocks that you know a
mutual fund is investing in that might
go up or down 10% in a year or whatever
but for stocks that you're wanting to
day trade we want
volatility right
so we need things
moving
Okay so so let's see hey Roberto
welcome all right so yeah we haven't
early closed today
um so it's probably going to be a slow
day
so game plan for this morning really is
just going to be to watch scanners to
see if anything starts to pop up and
move quickly sprc lit up the scanners
earlier squeezing up here all the way up
to
1050 so a short-lived opportunity but
you know from $8 to 10 50 is two and a
half points $2 and half dollars a share
so that's a pretty nice move pulled back
now back down to eight so quick squeeze
up slow fade back down we're not seeing
staying power which we haven't seen on
sprc period if you look at its daily
chart it pops up and sells off um I
still kind of think that I've seen
charts like this where it's like Popp
and sell pop and sell pop and sell and
then you have the day where it explodes
because it does the opposite of what
people are expecting so after coming up
this many times with the red on you know
the Gap I do wonder if we'll have a day
that it reverses
and goes big but you know I don't know
that that would be today and it popped
but it's already pulled back so
probably probably not going to happen
overall Market more or less flat from
Wednesday up a little bit
daily level is still 457 83 and then 468
78 approximately got a couple different
levels drawn there
467 we
go so a couple levels on the day
daily but I think the name of the game
right now is to try to be patient M risk
we will see some momentum it may not be
today but no doubt in the coming weeks
we will see opportunities and the goal
is when that opportunity comes it's not
bailing you out of losses that you took
when the market was slower it's just
adding profit to your account so that
means when it's slower you know the day
after Thanksgiving for example you keep
your risk a little tighter you're a
little more cautious and if that means
it's no trade day that's totally okay
it's great to show up and you guys are
showing up so you're all showing up
you're here you want to keep an eye on
things just in case something makes a
move so that's the right attitude but
don't overtrade if there's nothing that
is really warranting being aggressive on
all right so um so that's the game plan
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risk take it slow and we'll see you back
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soon