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[LIVE] THE FINAL DAY TRADING Morning Show for Summer 2023 with Ross Cameron
Channel: Ross Cameron - Warrior Trading YouTube
Watch on YouTube · 2023-09-08
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AI Summary
Here is a summary of the YouTube trading video transcript in clear bullet points:
**Stock Tickers and Price Levels:**
* PRZO (Bio C): $187-$203, $220 (support), $224 (entry point)
* No specific price levels mentioned for other stocks
**Key Trading Strategy:**
* Double bottom setup with a break of 203 and a squeeze back to the high
* Focus on precise trades with high volume (400,000 shares)
**Indicators Used:**
* None explicitly mentioned in the transcript
**Entry/Exit Rules and Suggested Trades:**
* Entry point at $224, holding a quarter of the position
* Exit strategy not explicitly mentioned, but the trader seems to be waiting for a pullback before taking another trade
**Timeframes Mentioned:**
* Summer season (ongoing)
* Fall season (next 6 months)
* Next summer (potential)
**Risk Management Tips:**
* Focus on precise trades with high volume
* Avoid taking too many trades, focusing on quality over quantity
* Risk management not explicitly discussed in the transcript
**Additional Notes:**
* The trader is ending their live YouTube stream and will continue to stream for Warrior Pro members only.
* A two-week trial is available for Warrior Trading, which includes access to daily broadcasts and tools.
* The trader emphasizes the importance of building a strong foundation through trading simulations before risking real money.
Summary ready
Transcript
all right well here we are top of the hour 9 A.M and we do have a little bit of an extension happening on p r z o I'm gonna wait for a pullback before taking a trade on it 10 000 shares seller there at 98.99 reminder for those tuning in uh today on YouTube that today is the final day of the morning show for the summer season so for the fall I will be focusing on trading in my chat room for warrior Pro members I will not be broadcasting on YouTube there is a link however where you guys can do a trial if you would like so we're all the way up to 214. you can tell how this one's taken the spotlight um but the problem naturally is that it's relatively extended up here so we have to see you know whether or not and to what extent it's going to hold up so I'm ending the stream on YouTube I'll be continuing to stream just for warrior Pro members well I may resume next year but that's a long ways away so I'm not going to commit to that right now the stream is included uh yes in the two-week trial all right so our high here was 216. the low of this candle is 187. we're so right there we're kind of going above and below the whole dollar of two High there was 203 . So Below is 187 off of 187. see how there's a seller that just brought that down do you see how that seller walked that down right there so now the low is 187 still and the high this candle is 203 so over 203 I'll take a starter right now looking for the squeeze back to high a day so watching over 216 it'll take a little off the table up there at 220 so what was this setup double bottom off of 187 break of 203 squeeze back to the high over 216 there was a part of me that wanted to add for a bigger squeeze but I held off just for a second and I want to see what it does here so the new high is 222. so I'm going to put an order at 224. still holding a quarter of my position we don't need to take a lot of Trades we just need to take precise trades good trades high volume on that candle there over 400 000 shares sold the rest for now feels a little slow about a thousand bucks on that trade which is you know that's a green trade can't complain ten thousand shares 10 cents a share all right so 905. so again um for those tuning in on YouTube good morning thank you guys for being here today's the last day of the uh live day trading Morning Show on YouTube for the summer season all right so I was streaming during the summer things were kind of slow I wanted to give you guys some extra content but as we come into the fall my best months of the year statistically our October November December January February March the next six months for me are big this is a window of time where I have to really strike while the Iron's hot and make as much as I can trading so that will tide me over through next summer all right so this is the time of year where I want to be focused and I want to be focused not just for my own trading I also want to be focused for our Warrior Pro members and our Warrior students because I want to help you guys do the best that you can during this next six month window so I love streaming on YouTube and I'll keep uploading episodes to YouTube probably on you know a couple times a week Recaps things like that but it can also be a little distracting trying to stream in multiple places keep an eye on multiple chats Etc et cetera so just focusing on what is most important for these next six months and then yeah come next May April May depending on how I where I'm at maybe I'll start the morning show again for next summer um you know but but I don't know that's that I haven't I don't even know I might be traveling again next summer you know it's a lot to be determined so for right now we'll be ending the morning show but I'm gonna give you guys a link and you can see it uh right here to do a two-week trial if you want at Warrior Trading that two-week trial will give you access to my daily broadcast and not just the morning show but the full broadcast it'll also give you access to my tools now Adam's saying you just wants to pay for your program listen you can join my program if you want if you don't want to join then don't join but also for what it's worth I've spent a tremendous amount of money building out this platform I have spent just for example on the simulator alone millions of dollars I have spent millions of dollars on the simulator that I provide my students for free right when you guys join you get your 90 days of free access to simulator that's money that came out of my pocket I didn't have to do that why did I do it I did it because I firmly believe that if you trade in a simulator before you put real money on the line you are setting a stronger Foundation than if you go in with real money so I go above and beyond for my students you know if I just wanted to make a ton of money I wouldn't do any of that stuff I wouldn't build out these scanners I would just have a Discord that was as cheap as possible and charge you as much as possible which is what a lot of people do but that's not what I do so there is a cost there's a very real cost to me building out this software there's a very real cost to paying for Market data on your behalf for all my students every single month of the entire year this costs millions of dollars so there is a fee to be a member there is a fee and a cost to use this platform but I firmly believe we are building the best platform if you are a momentum day trader so you know it's totally up to you to use the tools you want but I've built this tool you know because it's what I use every single day and I give my students access to it as part of their membership fee so you could say Ross is just trying to sell his class and that's fine obviously I'm biased I do have a class that I sell if you want to buy it you can buy if you don't you don't have to but at the same time you have to be aware of the fact that there's a lot of cost that goes into providing all this stuff and this is not just a completely selfless act I do a lot of this for our students and hopefully for you if you decide to join at some point so przo right now this is pulling back this is kind of what I don't like about this is you've got this wrap up light volume pullback move higher and then it's stalled out and has pulled back again so stalling out and pulling back that's not what I like all right so now it's kind of maybe it gives us a five minute setup maybe it doesn't but for right now I'm I'm just gonna leave it alone so that that's on hold for right now um let's see so that was bio C uh is that sorry that was przo bio C is the leading gapper and I know it's hard because the morning show has been free right it's a free Morning Show on YouTube and I know you guys have enjoyed tuning in but rest assured I'll continue to upload a lot of free content to YouTube so I always I've been uploading content to YouTube since 2013. that's not going to change it's just gonna be different what you see on on YouTube all right so bio c yeah see the thing is this is just too thickly traded at this point can't really get on board with it if you haven't checked out my latest article on entrepreneur good losers are made not born all right become a better loser if you can be a better loser you will be a more successful Trader so and that's something that you learn trading in the simulator too one of the things that I like about the simulator I I don't know if it makes you more profitable trading in a simulator before you put real money on the line but I know that it prevents you from losing real money in those first few months when you're getting started I know that because most beginner traders in their first few months lose money so being a good loser you know I I'm a I'm a pretty good loser I lose all the time and I get back up on the you know I get back on the horse someone yesterday on YouTube in the comments said he lost half his account yesterday but he'll get back at it again um tomorrow uh and I really commend that resilience to get back on the horse because I know how frustrating it is to get beaten up to take those losses but you know the only thing you can do is um just keep pushing on so some of those episodes are on um in the live trading archives I don't keep all of my content on YouTube there's a lot that's on there but sometimes I'll take something off of YouTube and just put it into the archives for our students I kind of watch how episodes perform so like if I have an episode that I think is really really good but doesn't perform well on YouTube then I'm like for whatever reason YouTube people don't like it I'm not going to keep leaving it out there it's too good to just leave out there if people aren't enjoying it if I make an episode that you know I don't think it's that great but it's getting a lot of views I'll also take that off because I'm like no I know I could have done better and then I'll do a better version sometimes I am surprised by the videos that people like as much as they like one of the ones that's still the most popular was the one I uploaded in 2015. and I have made videos since then that cover the same topic but I think are much more comprehensive because I'm a better Trader today than I was in 2015 but that old video still gets a lot of views so I don't know 9 13 this morning it's still no real change to the Gap scan bioseep przo agba these are cheaper stocks aihs so for those of you guys that want to do the two-week trial I would encourage you at least to join by Sunday night that way you can log in Monday morning and start streaming um you do have to sign Market data agreements but if you log in it'll say you haven't signed them and there's a button right there to click and sign them all right 14 and a half minutes to the opening bell all right let's see so we ended up um by the way yesterday having the IPO on swin this one I got some nice trades on um we it ipo'd at about four dollars and 50 cents it dipped down for a second to 410 and then it ripped back up and halted up at five dollars it opened really high and squeezed into a second halt immediately then it opened it went into a third halt open went into a fourth halt then it halted down so four halts up one halt down I bought the dip off v-wap at nine dollars and ten cents it then halted up it then goes back to new High of 12.72 before pulling back came back up here to 12 pulled back and right now we're consolidating between 5 33 and I guess 650ish I wasn't sure whether or not this would give us more opportunity today um it doesn't seem to be so far it's below volume weighted average price but it does have I guess you could say a triple bottom here at about five dollars and ten cents so we'll see if it's able to hold that level but as of right now it feels like the back side of the move with yesterday's candle the day of the IPO being a shooting star so not a not a perfect candle those you guys uh who are streaming on Facebook or streaming on um uh what is it twitch you're welcome uh also to join us for the two-week trial so the two-week trial is not um day trade Dash exactly it's you have access to the day trade dashboard but it's through warriortrading.com it's our Pro preview BFS so yesterday's low was 1760 today squeezing up a little bit it's it's a little hard to know you're running into that 200 it's on the five minute not a lot of Traders probably pay attention to that but um yesterday's high was 23. I've been kind of waiting for the first daily candle to make a new high but unfortunately if that happens then by that time it's already up five dollars a share because it's a you know it's gonna be 23.24 so probably not something that's safe to trade here again it's just about you know thinking carefully is this a really good setup is this the one that's gonna go about eight and a half minutes to the opening bell foreign ask plus four offset how come I didn't get filled at 205 I thought the offset means I'll get filled up to 209 that's that is what it means so you should have gotten filled somewhere between 205 and a high of 209 so if you did not get filled you could check your order type because it's pre-market so double check your order type um but if your order type was correct then it should have gone so you see VFS moving a little higher there this trading the back side of the move it's the thing that you can have on these is that all of a sudden the bid gets pulled and you get these really nasty flushes so I'm I'm cautiously watching it but I don't think I'd be able to manage risk on it very well 20 cent spread your question is is this obvious you know I'm seeing it on my scanner but not everyone uses these types of scanners is is this the obvious one and I don't I don't know I don't think it is there's 10 000 share seller at 55 right now so bio C is going to be relatively obvious because it's the leading gapper but I don't I don't know if that one's gonna work either about five minutes the opening Bell so I'm seeing a number of questions on YouTube about the two-week trial so I'll give you the link again there I encourage you to sign up for the two week trial if you want to do it by Sunday night that way you can sign your Market date agreements and you can have real-time data by Monday morning doesn't take that long to do it but just if you do it sooner then you're all set I'll be teaching a few um classes every day next week we're going to have some type of Mentor session next week and the week after so we have them hosted by some of my students who have different badges million dollar badge 500k badge Etc uh the one next Friday a week from today it's gonna be hosted by my uh head of trading psychology here at Warrior trading Ted and he'll probably have Diane there too so that's going to be on psych trading psychology specifically that those are Fridays we call it fomo Friday and during the rest of the trial you guys are going to have access to a sneak preview of warrior Pro classes so you can go through those classes you'll have access to the charts the scanners the news feed you'll be able to view the chat room you won't be able to type in the chat room it's view only because we don't want a ton of questions and stuff like that because of our paying members or full full member full paying members so for you guys the two-week trial is 19 and that helps cover the market data fees and this is a two-week open house that we're doing specifically for you guys as we're ending the morning show while we do offer trials periodically we also have to be a little bit careful about when we offer them because uh of carrying over from one month to the next month because of the way we get uh charged for Market data so if you were a member from like August into September I would have to pay two months of your Market data and the 19 wouldn't cover that so you know that so we try to when we're doing it keep it inside a month which is what we're doing here for these two weeks in September so you'll get access you're not going to get access obviously to the entire curriculum for 19 but you will get access to a handful of classes to give you a taste to give you some education and for you to decide whether or not you enjoy it and if you enjoy it and I know most of you will that is a question of okay can I afford to become a full-fledged member and we have different membership tiers starting at 197 dollars a month up which is for the tools going up to a thousand dollars for a one-time membership fee and then all the way to my full Warrior Pro membership which on the website is four thousand dollars but includes a year of tools so you know you guys choose what you like you can go cheap if you want to go cheap you can go all in if you want to go all in and you know you can also just do the trial and then say oh maybe I'll I'll come back again in a month or two months and that's fine too all right so we've got two minutes to the open um hopefully you guys on YouTube are sorted out you know what you need to do so uh next week you'll be able to see some uploads to YouTube but you won't see the morning show so hopefully you guys do the two-week trial and um thank you guys for a wonderful summer thank you guys for all the thumbs up thank you for all of you who have subscribed I'm gonna keep putting out awesome content for you here on YouTube uh but I hope for those of you guys that want to take the leap and start using the tools that I've built that you come over and check them out all right 90 seconds to the opening bell and right now it's going to be a question of which stock uh starts to become obvious and looks the cleanest as we go through the opening range reminders always that trading is risky so manage your risk take it slow and I'll see you guys uh in the chat room streaming for the rest of the day today and then of course on Monday morning