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[LIVE] The DAY TRADING Morning Show 9:00 - 9:30am ET with Ross Cameron
Channel: Ross Cameron - Warrior Trading YouTube
Watch on YouTube · 2023-09-07
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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:**
* WHLR (Whirlpool Corporation): $98, under 200 moving average resistance point
* ARB (Ares Capital Corporation): no specific price level mentioned, but considered for trade due to low float and reverse split
* ATI (ATI Technologies): $17.70, above volume weight average price, considered for trade due to low volume
* ICCT (ICICI Securities): $93, down from previous day's high of $21, considered for trade due to recent move
* VFS (Vietnamese Vinfast Electric Vehicle Company): $21, down from previous day's high of $93
**Key Trading Strategy:**
* Focus on momentum trades with stocks showing strong price movements and low volume
* Look for stocks under the 200 moving average resistance point as potential trading opportunities
**Indicators Used:**
* Moving averages (200)
* Volume weight average price (VWAP)
**Entry/Exit Rules and Suggested Trades:**
* Consider trading WHLR due to its proximity to the 200 moving average resistance point
* ICCT is considered for trade due to recent move, but not recommended due to lack of freshness
* ATI is considered for trade due to low volume, but not recommended due to lack of momentum
**Timeframes Mentioned:**
* Morning show on YouTube (live trading)
* Fall season (October-November-December-January-February-March) when Warrior Trading typically makes the most money
**Risk Management Tips:**
* None explicitly mentioned in the transcript, but implied through the discussion of risk management and the importance of covering Market data fees.
**Additional Information:**
* Warrior Trading offers a 2-week trial for $19, which includes access to scanners, news feed, charts, and chat room
* The trial allows users to watch the trader stream live and use the platform for an extended period
* The link to the trial is provided in the comments section of the video.
Summary ready
Transcript
all right so it's about uh 9:02 and as I'm sitting here I'm looking at the scans we've got a little bit of action this morning things are sort of jumping around whlr wheeler Real Estate Investment Trust actually easy to borrow uh float is relatively low because of the reverse split but then the 200 moving average is at 10 bucks so that's kind of a uh it's a resistance point we're right underneath that daily resistance level ARB is our second leading gapper this one's a little cheaper uh although yesterday if you you recall we had a cheaper stock uh that gave us some good action so I initially I kind of thought well maybe I should watch an a Reb but it popped up here and rejected which I didn't think looked very good and now it's just below vwap so it just doesn't look that great ATI third leading gapper little lighter on volume as well at a170 you know at this point again a stock under volume weight average price so just not positioned quite right for a momentum trade rclf just popped up uh it just hit the scanner went to $15 a share and two minutes later it's back at 13 so this uh looks like it was maybe a spack a special acquisition company yeah it is a rose Cliff acquisition Corp but uh not holding up uh well and it already had this day where it made a big move so it feels like now it's kind of On The Backs side of that move anyways I'd rather trade something that's a bit more fresh although yesterday icct was also one of the um one of the better stocks and this one is not fresh right this one had its Big Move although it was first daily candle to make a new high which is a nice setup so anyway there was a nice move on whlr or sorry um icct yesterday but today I I don't see anything on that although it makes me think of VFS VFS Vietnamese vinfast electric vehicle Company still just kind of selling off you know got that move up to $93 a share now it's back at 21 it's not it hasn't bounced yet uh it's just kind of going lower pulling back so yeah I don't know sometimes it's worth watching these uh for when they do bounce but it's not bouncing yet so no reason to uh take a lot of risk and jump on that until it shows a sign of turning around snx moving up the scan right here popped up pulled back uh Apple I don't trade that that's not a small cap stock it would take a lot of capital to try to trade that hkit a lot of times when you see these sell-offs uh they don't and especially when it's in the Chinese names they don't bounce very well so not that interested in that at the moment yeah I could be wrong maybe we do get a bounce but it's up 20% today yesterday it sold off uh pretty hard so has a hard sell off now it's basically flat you know at four bucks that's the daily chart it's pretty pretty ma bad so uh reminder tomorrow is going to be the last day of the live day trading Morning Show on YouTube for the summer season uh fall this is when things sort of kick into gear typically October November December January February March is when I make the most money trading so these next six months there is a window of opportunity and I need to capitalize on it and I also want to focus on our members at Warrior trading who want to do the same so in order to focus I will not be running the morning show for the rest of the year so tomorrow will be the last day uh today being Thursday uh it's a short week I know some people are a little thrown off by that but today being Thursday tomorrow being Friday so tomorrow's the last day of the morning show I um will give you guys a link here today to register for a twoe trial at Warrior trading now I want to remind you of a couple of things with this trial uh number one it's a two-e trial and it'll allow you to continue watching me trade not just during the morning session but you can watch me trade from as soon as I start streaming until I'm done streaming you'll also have access to this platform that you can see right here on screen share the scanners the news feed the charts and of course the chat room there is no Auto enrolling in anything it's a two-e trial if you don't want to continue don't continue you do not have to worry about having to cancel anything getting Auto enrolled in anything it is just a two-e open house for you guys to give it a try all right so it's it's really super simple and if it's not for you then don't do it um but if you'd like to join us for uh the next two weeks you're welcome to do that I'll be hosting some special classes during these next two weeks to teach you guys uh some uh some different some of the most popular chapters from my curriculum and you'll also have access to a uh selection of classes for my curriculum so that is um all coming next week let's see uh so let me give you the link here for this twoe trial and I'll just pin it to the top of the uh comments link to the two week trial right there so um you can see right there and that'll be pinned to the top uh it's $19 for a twoe trial and that just helps cover our uh Market data fees because I pay the market data fees on your behalf for every single one of our active users so to get these realtime quotes this isn't delayed data this is realtime quotes So to get the real-time quotes the servers everything else $19 for the twoe trial all right so um so I just wanted to mention that I'll mention it again tomorrow and let's get back to focusing on uh possible trades for today so whlr so thank you for saying that uh one of our students says I'm a member and it's worth it just for the scanners thank you thanks for saying that these are the only scaners that I use for my trading so you know this is a tool that I developed I have a development team that built this out for me it's the only tool that I use in my trading it's the tool that I give my students access to uh I I'm very very pleased with it my idea was that for anyone that's a day trader this would be the ultimate platform you've got the charts you've got the scans you've got the news you've got the community uh we don't have level two data on it this this is this isn't a trading platform so it's not for executing your trade so your broker so I use my own broker you guys all can choose your own broker I'm not a broker right we're not a broker so level two data we could display it but it would cost more it cost more to subscribe to level two data and ultimately where I'm looking at level two data and clicking is where my buy button is and we're not going to integrate so you're trading through this because I don't think those Integrations are really the best I think it's always better just to trade directly through your platform through your broker I know there's people that like to use these sort of third party layers but um I I've never really been a fan of them so yep you'll be able to use the scanners be in the chat room and use the charts for the whole day it's not just the morning show those of you guys that are on the two-e trial you can log in all day long stay logged in use the platform as much as you'd like okay so uh again back to the top of the Gap scanner whlr up 98% right now it's under the 200 moving average so I just don't feel like it's perfectly set up the open house is $19 and yes you'll be able to watch me uh streaming for free and listen guys $19 is not about me making money I'm not I've made millions of dollars $19 is just about covering your Market data fees so I'm not losing money by all of you guys streaming and using our service because as much as I love helping people spending tens of thousands or hundreds of thousands of dollars on Market data you guys have to cover your own cost on that I'll help you by uploading free videos to YouTube yeah this is a it's called The Warrior Pro preview this uh twoe trial so you'll have a preview of uh access to a number of the classes and yeah you could start today I mean you could start today or you can start the trial on Sunday you should start at least on Sunday so you can have the full uh two weeks so you can see hkit bouncing a little bit here looking at the level two on it it's it's a bit hard for me to trust because we don't know how many bag holders there are who are going to be selling we've got about 15 minutes to the opening bell uh yeah you can use PayPal we do have monthly subscriptions we have annual subscriptions if you choose but this doesn't Auto enroll into to anything so if you choose something that's fine if you don't it's also fine I'll keep uploading uh periodic videos here on YouTube I just won't be doing um The Daily morning show my streaming will just be for our students so hkit uh nice move there so could have jumped in right there at 75 did not we got to move up to five 498 let's see how well it holds up in this area is it going to go higher it could my first trade earlier was on Grom uh this one we got a move here up to eight I was up uh $800 on it but then it dropped in this candle 70 cents and I went red on it so down ,500 on gr was my first red trade of the month hkit did you see that level two how it just dropped to 67 so all of a sudden there was a pin sell order there it got bought up but that just tells me there's people that are you know there's some people that are dumping those shares roben while you might may find other people who are streaming you are unlikely to find anyone streaming who has made as much as me and who has verified those gains this is the problem in this industry there's a lot of people who stream but you've got to be careful what kind of information you consume because if you spend all your time learning from someone who doesn't even make money how much is that even really worth uh and by the way um this is the latest article that I published on entrepreneur which you guys can check out I'll post paste this here good losers are made not born you have to train yourself to be a good loser the best losers will be the best Traders because you have to get really good at ruthlessly cutting your losses letting them go you do not hold and Hope you cut it and move on so for principles for cutting your losses before it's too late and uh for this article I uh tied in some business um components for the entrepreneur readers Okay so we've got about 13 minutes to the opening bow so the um the twoe trial you really should sign up by Sunday night so I would do it by Sunday night at the latest but you know if you want to sign up now you could watch classes are part of that two-e trial over the weekend so that's fine but I won't be streaming on YouTube next week so you really should sign up at least by Sunday night that way you can be logged in Monday morning and you can watch me streaming uh next week and the week after so which is more important to me on the level two the time in sales or the bid in the ass well you know it's a great question and if you were if you had a laser on my eye what you would see is that my eye is looking at the ask primarily and then I I glance at the tape but of course I'm looking at the ask but in my peripheral vision right next to it I'm seeing the green on the tape that's why my tape is colored so I see green green green or red right so I know the seeing the color just in my peripheral vision I glance at the bid to see what the spread is but I'm primarily looking at the ask I buy at the ask but I also sell at the ask I usually start streaming on the um at Warrior trading by 8 a. sometimes I'll start a little earlier and then I stream until I'm done trading so if I stream I might stream until 10: 11 12 it depends on what's going on in the market and how long I'm uh trading on that particular day but we also will have some afternoon sessions we have daily um Q&A sessions daily Mentor sessions typically at 11:00 a.m. we'll have some uh I'll be hosting some special sessions next week for uh for all of you guys yeah and you can you can use this um this platform on your browser on your phone it's not a native app but you can launch it in a and I do all the time in the morning to check scans Okay so we've got nine minutes to the opening bell I wish I saw something to trade right now it does anyone see anything that looks good because right now I'm not seeing a thing uh I do have um a course on options and swing trading which you guys would be welcome uh to watch that well it's part of our curriculum but you'd be welcome to watch it if you're a member I don't think we have um I don't think any of those classes are included in the twoe uh trial they're not as they're not as popular I mean I have them and I I trade options and I have some long positions that I hold but that's not what most people are coming here for most people are looking for the stocks that are going to go up 50 to 100% in one day and you're looking for someone with 10 plus years of experience to be that first base coach saying okay this is what we've got this is what we're looking at this is what I see on the tape this is what the news is this is where I'm buying this is where I'm getting out Etc 2023 is not been as good of a year as 2021 or 2022 you're not alone in feeling that way but this is also part of trading that not every year is just progressively better and better and better and better some years are slower than others okay we've got about seven and a half minutes the opening bell rclf it's just weird how rclf had that rejection candle back down yeah and you know look I could stream I could set up a membership only um you know Community here on YouTube but realistically I I already have everything set up to do that at Warrior Trading so that's just where we host it so kind of watching rclf here got a 1300 share starter on that I want to see if this squeezes up to 15 there's 1490 if we can break through $15 a share then we're breaking through that flat top so I'll put another order for, 1500 shares up here to add added to 87 there you go there's $15.60 there's $555 so that's a spot to take a little profit and then the New Order is at 1560 added at 1548 now looking for $16 a share wow that thing really opened up there's 1643 I I didn't expect it to open up like that but you just never know so holding right now and watching over the next level of 1650 high this candle 1646 got a partial fill there at 1650 New Order I guess it's going to be at $17 a share so let's watch 17 that's that's a two-point breakout on this so all of a sudden added right there at 17 there's 1770 New Order is going to be 18 all of a sudden just like that we've got something that's really squeezing up we've got some action so 1649 on the ask taking the profit holding 470 shares watching for a dip you just never know guys like that's the thing you just never know when you're going to get a pop like that I only got relatively small size on it buying the dip at450 bought that dip down there now looking for the pop back up to 1525 1550 so so watching over 1525 looking for that first candle to make a new high there's 1495 15 on the ask holding 400 shares 470 about $2,600 of profit on that one for me watching the ad down here still looking for the break over uh 15 added 500 shares at, 1450 let's see if this pops back no so flat on that at 1420 what's interesting here is it's not really I I thought it would spring back up but I guess we'll see that went all the way up to 17 72 right that level there well good job for those you guys that got green on that I gave back about 600 off the top so I added and then what I did on this was I kept adding so I was adding at half dollars and whole dollar taking then took some profit as it was going up was still holding a position added as it was dipping it flushes more added again thinking it was going to bounce back up I would say right in here it feels like it's starting to curl added at 75 so now I'm looking for that curl back through 15 there's 1502 1540 so a little profit on that so I I was a little early on my ad but I'm in right now at 1475 so the high of this candle is uh $16 a share so I'm up over a dollar a share here what time is it it's 9:27 so we've got two and a half minutes to the opening bell so now you've got this pop back up the high was 16 1594 if we break through 16 then all of a sudden we're looking going to move back up towards 17 stop is break even on the rest you know it's annoying because you don't you don't always get a big move like this and then when you do and you're not able to fully capitalize on it feels kind of disappointing you know stock goes up $2 a share I'm only up $2,000 on it but reminder as always that trading is risky my results even though they're nothing super impressive today are not typical so manage your risk and practice in a simulator before you put real money on the line take it slow so you see 1480 on the ask and then back to Flat break even so held that last position to see if it was going to go back to 18 but got stopped out flat DBI hitting the scans um floats a little higher so these scanners this is like my radar this is how I find stocks that are moving if I did not have this I would be blind this to me I mean I've made millions of dollars trading and this simple tool I mean this is this is where I find every one of those trades so you know for you guys who are using tools that you're not using the right tools well I think you're making it harder uh than it needs to be and anyone can trade pre-market you you're that's um it's misconception that only some people can do that anyone can trade premarket oh my goodness there's the open I got distracted okay so thank you guys on YouTube for tuning in here I'm going to keep streaming for warrior Pro members reminder as always manage your risk trade cautiously and I'll see you guys back here first thing tomorrow morning for the final Morning Show of the year