[LIVE] The DAY TRADING Morning Show 9:00 - 9:30am ET with Ross Cameron

all right so we're at the top of the
hour here 9 A.M and
um p-a-l-i Pally has been uh just
hitting the scans
nice move from 70 cents all the way up
to a dollar twenty it's a little on the
cheaper side obviously uh it's not my
favorite price range to trade but
you know it's making a move so it's
probably worth watching I think that
uh the way I'd probably approach it is
you've got this first leg up on the five
minute chart and let's see how well it
can hold these areas so you know even in
this area here doing a pullback
off of like 118 this is where I kind of
feel like ah you've got the red doji
candle there it's a candle of indecision
I don't know that this is the place to
be a buyer you know it feels extended so
I would probably need to see more of a
five minute pullback
but I suppose if we got a really nice
one minute you know maybe people would
jump in but so there's 121 123 new high
but how that's three four cents is it
keep going see it right there starts to
feel a little heavy
as it dips back down to 118.
so you know if you've bought
a lot of shares you could have had a
trade there but
uh but that would have been the only way
to make decent money
and you know so we'll see if that gives
more opportunities uh for those tuning
in on YouTube the morning show thank you
for being here hope you guys hit the
thumbs up
um I will give you a link for the
two-week trial tomorrow all right so
I'll give you that link tomorrow next
week I'm gonna be we're gonna be doing a
two-week trial at Warrior trading it's a
it's kind of like an open house
uh the only thing we ask is that you pay
your Market data fee which is I think
it's 19 so 19 for two weeks to help pay
your Market data fees and you'll get
real-time Market data for my scanners
for real-time Market data for the charts
and then of course you'll be able to
tune in to my ultra low latency stream
which is always a little bit faster than
the YouTube broadcast because we use
different streaming software so um
and yeah so so that'll be starting uh
next week so I'll have two more morning
shows we've got
um today and then Thursday and Friday
and then the morning show will go
um on on break for the rest of the year
so for the rest of the year I'll be
focusing on students at Warrior trading
and um by the way so for those who are
already members of warrior trading
everyone that's on the open house will
be on view only so they won't be able to
type in the room only because we want to
make sure all of our existing members
still have a good experience while we
have you know a bunch of people doing an
open house but of course those of you
who do the open house if you decide to
become full-fledged members then you'll
be able to gain the ability to type and
ask me questions and stuff like that so
that's just a sort of spam control
feature for uh for this two-week open
house all right so I had some questions
about that from yesterday so I just want
to answer that um straight away
so I hope you guys uh do join us for the
two weeks
um but you know again do as you'd like
it's whatever works for you all right uh
and in the meantime I will continue to
post
um on YouTube periodic Recaps anatomy of
a trade episodes
and my
free classes that I upload from time to
time on various topics
so the latest uh that I uploaded was
let's see I had all about the money
which was answering the questions that
people ask me when they find out I'm a
Trader and those questions generally are
all about the money
is day trading a reasonable way to make
money is this something I could do how
did you get started how much do you make
what are the taxes and then another
upload uh just from uh over the weekend
where where taught was talking about the
skills that you need
so the skills to be a Trader
so you guys can expect but I'll continue
to be uploading those and there is for
those of you guys on YouTube There Is We
I have uploaded so much free content on
YouTube
I would just encourage you to continue
to absorb as much of that as you can
and you know if you want to watch me
trade live if you want to use the tools
then you know if this fall you want to
subscribe you're welcome to do that for
a few months and give it a try
okay so it's 905
so I think I have the right idea on
Pally not to jump in right up here so
yes it went a little higher but only by
like five cents I don't think that would
have really been a
a worthwhile trade especially because I
pay commissions on my trade so so no
trades on Pally I have not yet taken any
trades today as you can see right here
for my position window there's no
positions in there so I've not taken any
trades yet
I'm just saying tight and being patient
and I see my bit rate on YouTube is low
I'll increase that uh for tomorrow I had
it low from my uh
uh the last week of traveling
so I'll move that up tomorrow
all right let's see
hi good morning
yes we have a lot of European Traders
all right let's see
foreign
which one
yeah okay icct
um yes I have traded at 4am
uh
however
4am uh in this current market is a lot
of just pop and drop
these they don't hold up and it's almost
impossible to chase them because the
volume is so low you have terrible
liquidity
so
it's not I don't see it as really a
viable strategy to the long side maybe
to the short side shorting those pops
but
you still have to be careful of shorting
something on very light volume and low
liquidity because those are the ones
that can sometimes go up 100 or 200
percent so I just feel like that's a
little too much of a gamble for me and
that's the thing with trading is that
there's a spectrum of uh increasing risk
the higher you take on risk
you know you start to get into a place
where your buyer buying lottery tickets
and and you know that's not always going
to be the case but just
something to be aware of aware of
thank you
so I was at the firehouse yesterday
doing some um yup checking on progress
progress is being made which is great
and uh you know it's just slow and
steady
a little on the slower side but
it is
steady
all right so let's see it's about ten
past nine
well I bought a um a fire the old fire
house the old fire station it's a brick
building built in
I think 1898
and I bought it I was negotiating to buy
it so this is kind of funny I my office
was Kitty cornered to that office and
there was no parking for my office
and when I found out that building was
for sale I was like I'm gonna buy it
just so I can have park it because it
has parking
I was like I I'll figure out what I'm
gonna do with the building but I really
just want the parking
so I knew a couple people had tried to
negotiate to buy this building and the
guy that was selling it was very finicky
and very difficult to work with but I
negotiated with him in 2019 uh during
that summer and then in February of 2020
I bought it and that was right before
the covet lockdown but when I bought it
it was in bad shape like it would rent
when it was raining the roof would leak
and I knew there was asbestos and you
know stuff like that in the building so
it needed a lot of work it needed uh you
know it needed need a lot of repairs but
it needed some you know environmental
remediation stuff too so
but then you know then it was trying to
get that work done during covet which
was impossible and so 2020 was very hard
to get anything done 2021 you know
things started to pick up but then the
building has
um
it's par it's it's a historical building
so all the things had to get approved by
the historical
committee or whatever it's called
so you know like they wanted a certain
type of roof we had to put you know
repair the roof but the roof was an
asbestos roof so they're like we had to
make sure we found a material that's not
asbestos but it looks like asbestos
because that's historically what looks
right
so you know stuff like that but to some
of these materials took forever to come
in and it's just like you know
spin
it's kind of silly but
you know it's just been chipping away at
it
there's a flat roof on one part but then
there's a you know regular roof
on the Steep part
so when I first bought the building I
was planning that in the for on the
first floor in the old garage Bay that's
where I would host my seminars you know
the the events that we hosted like the
one we did in Miami and Las Vegas and
stuff like that
so
you know but then in the last three
years life has changed we haven't had
any of those events and
um
I mean I I miss having them on the one
hand but I also I I don't know that
um I don't know I've kind of
I planned that I was going to be working
down there but now I've been working for
my house for the last three years and
liking that just fine so
I don't know now you know we'll see but
you know because I can just rent out the
space and then
that's just a little passive income
right so
just something to think about
you know one of the things that I notice
Trader you know traders who have become
more successful
and make more money we deal with more
taxes
but then there's things that you can do
like you know buying a building and
using depreciation and buying solar for
the building and getting an investment
tax credit that can all all be things
that help offset your taxes so it's like
you know there's these things that
people do but you need money to do that
but you know you can take out you could
take out a loan to do the solar but then
you still get the depreciation on it so
it's and some of that was easier when
the interest rates were lower but in any
case
managing taxes is something that Traders
in the U.S have to think about a bit
all right mitk I don't see much going on
there
cxai popped up for a second
and you know I had a sort of big plan
with the tire kickers project
um and covid
sort of change that as well so you know
these things happen
yeah I don't see anything on that one
so overall Market S P 500 gapping down
just a little bit
from four uh 450
down towards 448
so yeah Eric so I I hear that be nice to
pay for the scanners plus the live
stream and not pay for the charts so
here's the thing with the with that uh
just pretend you're getting the charts
for free because you basically are once
we are subscribing and paying for Market
data for you for the scanners then
you're already paying for the data
you're already consuming the data so you
might as well use the charts and if you
don't want to use them don't use them
but
you know with the way we've we kind of
put everything together as a as a as a
package are there some people who would
say no I want the scanners I want the
stream but I don't want the charts you
know we've we've experimented with that
separating it out and maybe we'll do
that again it just it kind of
I don't know it's it seems like it's it
creates a lot of little sub uh
categories which I don't know
really makes a huge difference but
you know well
I appreciate your thought on that and
maybe we can bring it back
give you multiple options
we want to try to be flexible
but sometimes it's It's Tricky when it
makes more work for us when you have
someone who's like oh I want to try this
but no I don't want to try it I want to
switch back or this and that
foreign
10 minutes to the opening bell
yes you certainly do need charts but I
understand that some people might use
charts from their broker whatever so if
they're mostly just using if they mostly
just want the chat room and the
broadcast or they maybe just want the
scans I don't know there's I mean
different people want different things
to fill in with what they're already
using
but you know our job is to make it easy
make it simple
and that's kind of the thing with the
scanners these these are very easy to
use you don't have to program you don't
have to figure out settings or download
someone's settings and install them
these are scanners that I've developed
that I use my own Trading
and so for you you're basically getting
access to the same system that I'm using
and it's it's very very easy to use
hey good morning
so I have no trades yet pre-market it's
a very slow pre-market session
so for Canadians
um
I unders so question what platform do
you recommend for Canadians we're not
allowed on light speed so it's true that
a lot of us Brokers
um and even some International Brokers
like cmeg don't accept Canadians
um
you could check which about trade zero
International I'm not sure what their
rule is on Canadians someone might be
able to comment
um I think interactive brokers
and TD Direct
so definitely interactive brokers
uh trade zero has a Canadian offer now
okay so that's confirmed
and do any of you use TD direct I don't
know if that's changing with um
the Schwab buyout
yeah I've heard of quest trade as well
foreign
so interactive brokers
um
yeah
well I trade zero they've got a good
commission structure
Okay so we've got about six and a half
minutes the opening bell
six minutes Pally p-a-l-i
still holding up
I don't love that red candle that marks
the top
but
thanks Steve
yeah and that's you know the idea with
day trade Dash is to build all the tools
into one place
so there's a nice little pop to 2627
so your current high is 27. I just kind
of struggle with this a little bit
because it's like how 10 cents you know
I I don't know it just doesn't feel like
a lot does it go up from here to 37
Doug do I get another 10 cents out of it
up to 40.
low of the Gap is 171.
so there's 27 28
29
there's you know there's some stacks of
sellers which you would expect because
this is a cheap stock so you're going to
have 10 20 50 000 share sellers
you'll have some hundred thousand share
sellers that come out and you know short
term they're going to scare off some
buyers
it'll probably still go higher it's got
10 million shares of volume but
so that right there was the micro
pullback but it only went up to 29.
so yeah
best broker for Asian Traders
um
well I would say for international
traders in general
you'd be looking at cmeg and trade zero
those two
those are probably the most popular
all right you guys so we've got a game
plan again reminder for those tuning in
on YouTube I'm going to give you a link
tomorrow for the two-week trial that's
going to start on Monday uh well I guess
as soon as you sign up to the trial
you'll be able to have access so you
could start sooner but anyways I'll give
you that link tomorrow
and uh then Thursday Friday will be the
last two days the morning show for The
Fall season as I switch gears and focus
uh just on students that are part of
warrior so uh fall is usually when it's
hot so we're going to capitalize on the
momentum this morning so far Pali up 75
percent we'll keep this on watch but
also kind of looking for something that
fits a little more into my price and
volatility range between like three and
you know 2.20 or something like that
okay so that's the game plan here with
about two minutes to the open reminders
always the trading is risky my results
aren't typical and there's no guarantee
you'll find success whether you're
trading your own you'll learn from me so
take it slow manage your risk and I'll
see you back here first thing tomorrow
morning