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

Channel: Ross Cameron - Warrior Trading YouTube

Watch on YouTube · 2023-09-05

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AI Summary

Here is the summary of the YouTube trading video transcript in clear bullet points: **Stock Tickers and Price Levels:** * LGH: $86, $87, $89 (support), $90 (target), $91 (high float) * GDC: $405 (entry point), $410 (target), $415 (double top) **Key Trading Strategy:** * Focus on low-float stocks like LGHL * Look for breakouts above double tops with a squeeze through the resistance level **Indicators Used:** * None explicitly mentioned, but the trader appears to be using technical analysis and chart patterns to make trading decisions. **Entry/Exit Rules and Suggested Trades:** * Entry point: Breakout above double top * Exit rule: If the trade doesn't break through the double top, get out of the trade * Risk management: Monitor spreads and adjust position size accordingly **Timeframes Mentioned:** * Day trading (no specific timeframe mentioned) * Warrior Pro membership trial: 2 weeks starting next Monday **Risk Management Tips:** * Be cautious of big spreads and adjust position size accordingly * Don't get emotional about trades; stick to your strategy and exit rules Note that the transcript does not provide a comprehensive trading plan or strategy, but rather focuses on specific trades and market analysis.

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foreign
good morning well it's just past 9 A.M
and I'm back in my office so
I'm getting settled in here for the fall
uh Trading
session I suppose you could say
um
this is the time of year when things
typically pick up
so I'm gonna be changing my focus a
little bit for the next four months
through the end of the year it will
it'll probably continue
um until uh until spring and then once
we get to May I'll expect things will
slow down again for June July August
so there will be a little bit of a
change in my schedule here uh we'll end
the morning show this week on Friday so
Friday will be the last day of the
morning show and I'm gonna switch my
gears just to focusing on students that
are part of our Warrior Pro uh
membership so Warrior Pro members will
get my focus
um
exclusively starting next Monday
so we'll finish uh this week of the
morning show for those on Youtube it'll
be the end of the summer season so
um thank you guys for of course being
here
but my priority has to be for uh
students and this is the time of year
when things usually pick up so we're
going to start seeing more action most
likely we've already started to see it
and so I've got to give my focus it's
just to one place
so let's see
um
so LG HL this one's coming up a little
bit
um
got a starter there of that 50 the half
dollar
lghl has a pretty low float
so I'm gonna watch to add on lghl over
85.
let's see if we get a squeeze through 85
and a move up towards four dollars a
share
hi I'm lghl right now it's 86.
there's 87
89
1 can we get the break of four dollars a
share
New Order on this one is going to be at
four dollars
so let's see how much lghl wants to
squeeze what we've got going for us on
this is that it's got a particularly low
float
high is 91. so watching lghl down here
to add
added 89 right there
and taking a little profit as it breaks
through 90. let's see if we get over
four dollars
about sixteen hundred dollars a profit
let's see where's sorry where's my you
know there it is
add it again on that dip at 75
there's 84.
83 on the ass
average right now is 62.
77.
taking a little profit there 78 should
have broken through four
so for those on YouTube you can expect
that I will continue to upload a
combination of uh Recaps and educational
videos you guys making requests of
telling me what kind of videos you want
me to upload is super helpful so you let
me know what you want to see me upload
my entry on uh
lghl was a break through the double top
right there
high of 95. I really wish that had
broken through
four dollars a share
so unwinding the rest of the position
stop Breakeven
so the monthly rates for our tools is
197 a month
and you can add my stream for another
hundred dollars a month so 297 a month
for my chat room and my stream
and then of course we have our Warrior
starter and Warrior Pro memberships
which include access to my classes
so starting uh on Monday of next week
we'll offer a two-week trial for those
of you guys on YouTube that want to get
two weeks to see what it's like being a
member so you can continue watching the
stream for another two weeks
but it won't be on Youtube it'll be in
our day trade Dash platform here
so I'll share the link for the two-week
trial a little bit later in the week for
you guys
so lghl first train of the day
day trade Dash is month a month
so our new double top would be at 3.95.
so we'll look for this to curl back up
and see if it breaks through that level
foreign
so you can see that's a rejection candle
that big red candle it's squeezed up but
then closed uh a bit lower
foreign
Split Second leader verb verb
this one popped up and pulled back quite
a lot
hsdt was squeezing up on
Friday
foreign
waiting for something to hold up and
start stepping higher at this point
no I don't use book map
uh yes
trading without level two would be uh
quite difficult in my opinion because
I'm a tape reader
so without the tape it would be uh it
would be hard
it would be very hard
foreign
thank you
so lghl back at 337
so I have a video here on interactive
brokers
why I'll never use them again
you can check that video out for those
you on YouTube who are asking
um my dog is good she's doing well
she's outside right now
that video is three years old and my
opinion has not changed I do not like
interactive brokers you know uh I kind
of have a feeling about it that you know
once a broker betrays me my trust I will
never
use them again so you know that's that
there's so many other Brokers out there
I will just use a different one
I really haven't heard uh
any of my students speak positively
about interactive brokers I'm sure
there's a few that use them but I I just
don't hear about it I most of what I
hear Traders using different platforms
so I don't know it just makes me think
the interactive brokers isn't really the
best for the type of trading that I do
but you know that's fine it works for
some people
you know you have people that use Robin
Hood and Weeble which I don't really
think are great Brokers for day trading
either but you know if it works for you
then
you know use it
and I don't have any affiliate
relationship with any Brokers so I
really you know it makes no Financial
difference to me what broker I use you
should just use whatever tool works best
but you know I just share with you the
tools that have worked better for me you
know for what it's worth if it's not
if you're trading a different strategy
it may not be worth much
yeah trade zero does have a nice
commission structure
a lot of international Traders use them
all right so we've got about eight
minutes to the opening bell
GDC I'll take a starter of that here for
the break of four I agree if it can go
through 410
so I'm looking for 405 on GDC and a
squeeze through 410
this is a similar setup that we just had
on
lghl it's a breakthrough this flat top
so my new order on GDC is going to be
405.
watching 405 to break
adding at 405 now looking for the
squeeze through 410 up to 415 and 420.
so there's 408
four nine four eight I'm not liking the
selling I'm
I'm flat on it
so here's the problem this is the risk
with trading at a double top
it needs to break through the double top
if it comes into the double top and it
stalls out that's not going to work
we need to break through the double top
so a small winner there for me
added at 405
lost a little bit on that ad but this
was a micro pullback right here
so added as it came up to this level
the broke view app there's a pullback
and then was looking for the squeeze
through 410 as it came up there were
sellers at 408 409 and it wasn't able to
break
so we have a double top well the double
top would be at 415 uh you know about
that level
so didn't even quite get up to there
we'll leave my order at 4 15 so it's
ready to go now still a green trade
it can be a green trade even if it
doesn't give me the full Breakout
once I see the writing on the wall that
it's not breaking I just get out
right that's the idea
uptd gave us a pretty big move on Friday
because some will recall
uh over this level of 16.
it could be interesting the volume is
light spreads are big
see it's kind of straddling that level
of 16 because it's 1670 on the ask but
16 on the bid that one is currently down
23 today because although
it's moving up right now it's selling
off versus the close on Friday
so we have about four minutes to the
opening bell
foreign
thank you
Okay so we've got about two minutes to
the Bell
GDC is coming back up again a little bit
but
I'm just gonna watch that uptd we'll
keep it on a side chart
but I don't know like I said the spreads
are big that creates more risk
so high on GDC it's 4 15.
it just seems to have some sellers up in
this area
so
makes it a little hard to manage risk
all right so with the minute to the Bell
uh reminder for those on YouTube The
Morning Show will continue through this
week and then it'll end on Friday next
week I'll be doing a two-week trial at
Warrior trading so you guys if you want
to test out with real-time Market data
scanners charts my ultra latency stream
inside the day trade Dash platform at
Warrior trading you could do that
and then for the rest of the Fall I'm
going to be focusing on students and
members at Warrior trading fall is the
time where I gotta strike while the
Iron's hot I've got to be aggressive
this is the time of year October
November December January February March
those are six months where I typically
do the very best so I want to be just
entirely focused on helping members at
Warrior trading make the best of that
period of time and also for my own
trading I want to really uh do as well
as I can so that's the game plan
this morning uh we'll be watching
GDC upt GDC could give us a red to Green
here
um so let's keep that one on close watch
over four dollars and then 410. there
you go there's 407 is it going to go
through 410 we'll see all right again
for those tuning in on YouTube thank you
for being here and I'll see you first
thing tomorrow morning I'll give you a
link for the trial uh probably Wednesday
or Thursday later this week