[LIVE] DAY TRADING Morning Show 9:00 - 9:30am ET with Ross Cameron
✓ Transcript saved
AI Summary
Here is the summary of the YouTube trading video transcript:
**Stock Tickers and Price Levels:**
* VFS (Vertical Federal Systems):
- Support: $53.50, $55.45
- Resistance: $56.00, $57.80
- Target: $55.90, $56.50, $57.00
- Stop-loss: $54.60, $55.25
* BFS (BFS International):
- Support: $96.00, $98.00
- Resistance: $100.00, $105.00
- Target: $102.00, $104.00, $106.00
**Key Trading Strategy:**
* Bull flag setup on VFS with a pivot at $55.45 and resistance at $56.00.
* Dip trades on BFS with a starter at $96.00 and target at $100.00.
**Indicators Used:**
* Volume Weight Average Price (V-WAP)
* Moving averages
* ABCD patterns
**Entry/Exit Rules and Suggested Trades:**
* Entry rules:
- Bull flag setup on VFS: wait for the first five-minute candle to make a new high.
- Dip trades on BFS: buy at the dip, hold small size, and look for the pop back up to $100.00.
* Exit rules:
- Take profit when the target is reached or stop-loss is hit.
**Timeframes Mentioned:**
* Pre-market hours
* Opening bell
**Risk Management Tips:**
* Practice in a simulator before putting real money on the line.
* Set realistic targets and risk-reward ratios.
* Be prepared for volatility and potential losses.
Summary ready