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

foreign
so we're gonna get started here top of
the hour 9 A.M uh I'm looking at VFS
this is the one that I traded yesterday
been fast Auto uh I'm gonna upload a
recap on this uh later this morning so
you guys will be able to watch that
that'll that'll get uploaded to YouTube
this was a you know pretty I mean we had
a really incredible move yesterday so
congratulations to those who traded it
from 17 18 a share all the way up to
46.98 so that is great to see that was
some really nice action it's gapping
down a little bit here I just noticed it
was popping up a teeny bit but it is
still below volume weighted average
price
I'm not sure that we're gonna get
um a lot more
action on this one today but you know
maybe later in the week uh we'll see how
it holds up you know some of these they
pop up and then they have a couple days
of rest and then they recharge for
another move higher
this morning I'm in the red on vcig
um I jumped in it as it was squeezing up
on this candle at six took profit at
like 640 added back at 670 and at 650
and as it was coming back down thinking
it was dipping for first one minute
candle to make a new high and it just
kept dipping so you know these you had a
green candle and then you had four
pretty high red volume candles it just
did not hold up so I'm down fourteen
hundred dollars to start the day uh
that's not ideal but
it is what it is so that was at about
805 haven't taken any other trades in
the last hour
have just been sitting tight being
patient
you know yesterday we had obviously VFS
which was really at the open
and I'm kind of just you know hoping
that we see something else that starts
to make a move
um
I don't know exactly what that might be
but
you know we'll obviously we'll see
so let's see
um
gri yeah
so very very light volume on it
um
that's always the challenge
your high there was
um
25
so your volume is so light right now I
don't know that you'd be able to get
filled on
um
on your trades
so you've got a high of 550
I think on this what I would say is
you know we should see whether or not
and how well it holds up
you know does it
does it give us more opportunities I'm
not sure
just looking at this headline here from
this morning
[Music]
yeah it could be hard to know
so you've got a
fairly big red volume candle there
bigger spreads
yep Jess is here
hmm
you have a couple good trades already
today
so in cents per share I think I did
pretty well on VFS because I was trading
with relatively small size but I didn't
add up how many I got
so
gri
high volume red candle right there
we'll see whether it can curl back up
let's look back at vcig
yeah it's kind of a funny headline so
I'm not sure exactly
how it's going to trade
bcig pulling back a little bit
so it's about 905 right now our leaving
gappers s-u-n-l this is actually a
reverse split so it's trading at 250
reverse split though you could see here
it's a 20 to 1 reverse split
so I I don't really you know you can we
obviously do get reverse split
um
squeezes but
I I don't know if we're gonna get one on
this one uh let's see s-u-n-l
right now it's down 10 percent
second leading Gap or right now is gri
of 55
but very light volume and higher volume
on the red candle so
just have to
um
kind of assess exactly what this thing
is going to do not really sure
itos 16 stock
600 600 000 shares of volume 24 million
share float let's actually sort by
volume for a second B bglc
highest volume
don't like that
below volume weight average price hit a
high of 205 it's down now
kprx second leader in the volume 60 Cent
stock so it's too cheap not interested
in that
uh Ruth I do trade reverse splits I fall
after the split not before the split but
after the split I will trade it the only
thing is that
uh I I you know I prefer if there's news
I'd prefer when there's a lot of room up
to the 200 moving average there's a
couple things I look for and suml has
some of them it could be okay but right
now it's just not doing much
bcig
HKD you know what I underestimated this
one yesterday it definitely had a bigger
Green Day about let's see how much
volume did that have a lot of volume 30
million shares Plus
so anyways
made a pretty big move but retraced a
lot of it went up to 850 came all the
way back down to six
okay thank you by the way for those
um who hit the thumbs up I always
appreciate that
low on gri 376 on the pullback
409 by 418 nice little pop volume weight
average price is 432.
so 909 and 45 seconds that means we've
got about 15 seconds until this candle
closes which has a high of 449.
just glancing at the VFS chart
almost not quite a double top pre-market
but it did Squeeze up there at about 4
15 a.m some Traders bought it up to 44.
high was 46.98 though
hey Rob good morning
foreign
but something that I kind of think about
and this is when you log into uh light
speed Lightspeed the broker uh the
platform's kind of funny because when
you log in
and you look at your daily summary
um it tells you
uh where is it
um
when you first log in it tells you how
much you're up
but
what's kind of interesting is that it's
um your p l for today is the combination
of yesterday and today I don't know why
that it's probably a glitch you know but
but I kind of like it because it shows
you know I'm up um 478 dollars
so that sometimes is helpful when I log
in there which I do to download my
metrics and stuff like that
because then I'm like you know
uh although I'm red today
my two you know where am I at over the
last two days and when I'm green over
the last two days
sometimes that's a helpful way of
thinking about
um
the loss today not really being a big
deal and you know you don't want to
count your eggs
um count your chickens before they hatch
or so to speak
when you have uh a green day you know
you might have a red day the next day so
it's like if you're up 5 000 you know
you kind of just have to
assume you know ups and downs so I try
to think more about being green on the
week
than being green on a particular day
just because I know that I can get
very fixated if I let myself on wanting
to get back to green anytime I'm red and
that's not always sometimes the right
thing is just to sit with being red
well until there's a better opportunity
and sometimes the next best opportunity
won't be until tomorrow
so
is it does it how much does it really
matter to recoup you know the fourteen
hundred dollars right now versus doing
it tomorrow morning
you know what I mean like obviously it
would be great if there's more
opportunities today just because I want
to have more opportunities that would be
nice but at the same time if there
aren't should I let today's loss push me
to over trade anything that's moving and
just to trade and trade and trade you
know jump on whatever hits the scanners
and I think the answer on that is no
but many Traders will do that anyways
you know over trading when they're red
Revenge trading just to try to recoup
losses
and you know I've fallen into that habit
many times myself so
just to give you sort of my uh mindset
when I'm sitting in the red
ideally I don't want to lose more than
I've made in the last couple days you
know if I was down 5000 I would feel
much more frustrated right now since I
was only up 2 000 yesterday but being
down 1400 it's like no I'm still green
over the last two days so it's it's
easier just to
not worry about it and then simply by
not worrying about it I free that mental
energy from being stressed and upset to
just being ready to trade whatever sets
up in front of me and if it's good if we
get some good opportunities then just
like that I might end up finishing the
day
green and even above my daily goal but
if not it also doesn't matter that's
kind of thing that
it sometimes feels like the people who
make the most money are the people who
don't need it or don't so much care
about it
in a way because they have enough of a
Detachment that they're able to focus
just genuinely on is this really a good
setup to trade right now you know like
itos or is gri really a good setup to
trade I could have chased that but the
volume was so light the spreads were big
that that wasn't you know that wouldn't
have been a good trade
and clearly so you know being able to
restrain yourself there and have
discipline is important
so yeah the more desperation you have to
make money
um
the harder that money will be to earn
so it's about 9 17 here
so I've got about 13 minutes to the
opening bell
I haven't seen any offering news on VFS
this pullback is just
um
it's just some some I don't know profit
taking or whatever
foreign
So Daniel I have a license agreement
with trading view so we use their
charting engine
for our charts and then we've customized
it a little bit uh for what we're
looking for specifically so we've made
some changes to the the charts to suit
our use our platform and you know this
was something that we went back and
forth about
um
this seemed like an uh a more efficient
way to get charts uh into production
then to start from nothing right to
start from nothing and build our own
source code for charting
um most people don't start from just
nothing they start from some pieces of
source code and but in any case it's a
much bigger project when you do it that
way and with trading view we were able
to use their charting engine on a
license agreement and that just allows
us to spend our time customizing it for
day trading for the type of trading that
I do so on the day trade Dash platform
at Warrior trading we've got the 10
second chart we've got the one minute
the five minute the daily of course
those are the time frames you're
accustomed to but
uh well maybe not not everyone uses 10
second charts but I like them
and you know I think this has been a um
this has been this has been good I think
a lot of our members at Warrior are
enjoying these charts of course some
people use charts that they have with
their broker like think or swim or
E-Trade or whatever but
but I so for me because I've always used
or for such a long time I've been using
these um you know discount brokers the
ones that are really low commission
those low commission Brokers don't have
the money to invest in like really good
software so they often lease software
from other companies and so I've just
been content with using a third-party
charting platform so for a long time I
use e-signal which is about 175 180 a
month
that is expensive I mean that's
and I never paid any annuals it's just
that's how much it is per month so you
know it our um I think our membership
right now is
247 dollars a month we have another one
that's 197. we have a couple different
membership levels but you know think
about everything you get with that
versus just getting charts for nearly
200 a month at e-signal all you get are
the charts you don't even get good
scanners
so you know we this has been a my kind
of dream was to build the ultimate day
trading dashboard which is why we call
it day trade Dash that everything you
would need for trading is right here the
only thing that's not here is the actual
execution of your orders which
you know building in the level two is
easy enough but then integrating the buy
and the sell button and your order entry
window you know or your your position
window that now gets into maintaining a
platform for real money Trading
uh I I've been nervous at trying to do
that because
even I don't like to use those types of
Integrations I prefer just to use the
platform provided by the broker so
anyways
um
I I think I think we'll stop short of uh
integrating for trading with Brokers
directly from the platform you know
maybe we would add Sim trading at some
point we have SIM trading right now as a
separate platform
which is nice because that's the same
platform you can use with real money we
have the same license agreement uh to
use that platform that the real Brokers
have a lot of these discount brokers you
know they use these different software
companies so we use one for the
simulator which is great and you know it
works well so
I don't know if it makes sense to spend
the time
rebuilding that when it works just as
fine uh as it is so anyways
a little bit of a tangent there but
uh yeah these are the charts from
Trading View
and yeah I can open the light speed
charts just for comparison so you can
see
um you know I've been using Lightspeed
for a long time I really like them as a
broker
um I don't like them for charts these
are these are their charts
um change the time frame you've got to
go into settings
and then change to five minute
and then you go back into settings
and change to all time
so you know
so I'm sure some people will be totally
fine with just using something simple
like this
you can see what's going on more or less
so you know it's up to you
all right so we've got five minutes to
the opening bell uh VFS is pulling back
right now so this one doesn't seem set
up
um
let's see
so I see some people posting questions
um I'll I'll come back I'll
I'm probably gonna miss answering some
of the questions that people are posting
on YouTube if you post them in a comment
um to my upload later today I'm gonna
upload the recap of yesterday's trade on
VFS post your comment on that video and
then I'll see it and I'll I respond to
comments usually in the afternoon so
I'll I'll go look at that this afternoon
so VFS pulling back a little bit
um
Abercrombie Fitch moving higher
not going to trade that
um
gri pulled back quite a bit
I think that was a little bit of a funny
one
um
just not really sure
bcig so right now it's kind of a waiting
game so I'm sitting in the red
uh took a little bit of a hit this
morning not too bad but 1400 and I'm
gonna sit tight going into the open to
see if something ends up
um
you know
showing that it's worthy of trading
I'm not interested in taking trades just
for the sake of trading I want to see
something that
um really
looks good
so if I see it I'll know and I'll get
some trades all right so I'll be here
um
for the next
um well probably till about 11 A.M today
so we'll see if we find any
opportunities all right that's the game
plan with about three minutes to be open
thanks for those on YouTube for tuning
in hope you hit the thumbs up and I'll
see you back here first thing tomorrow
morning