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

all right good morning so it's about
um 903 and we're going to start going
over the Gap scan for this morning we'll
see if we can find anything
worthy of trading
so this morning we've got a leading
gabber of f-u-l-c it's up only 35
percent had a nice move pre-market pops
up pulls back goes higher pulls back
goes a little higher so offered to pull
back setups that's not bad but now it's
stair stepping back down so right now
there's nothing there's no setup on it
it's below V web it's pulling back I
don't have any interest in it the floats
37 million shares it has 4.38 million
shares of volume
and in fact that is our volume leader
today and I think that perhaps by itself
speaks to uh sort of how slow it feels
today we don't have a lot of volume on
anything
now Tesla's up four percent and that one
also has four million
shares of volume uh which is much more
substantial because it four million
shares of a 240 dollar stock is a lot
more money
Changing Hands than uh at a five dollar
price but in any case
um
this isn't something that
I'm gonna day trade so so that's Tesla
uh just looking at volume leaders
back to percentage uh uh gainers
fulc up 35 priced at five dollars four
million shares of volume
37 million share float and the relative
volume is high but it's not enough to
give us continuation at least so it
seems today
uh
next one down p m n
so pmn
has this candle back here on July 17th
where it made a really big move
and is certainly on the back side of
that move could it curl back up a little
bit maybe but it's below all of these
moving averages this just doesn't look
like a good setup to me right now
f n is up 22 percent
uh priced at 142 dollars now pmm has 2
million shares of volume and 7.16
million share float FM has 28 000 shares
of volume and a 36 million share float
is too expensive I bet if we looked at
the level two on it uh we would see
that's a big spread
let's see
it does have a larger spread
140 280 by 14431 and it's easy to borrow
so anyways uh next one down hall h-a-l-l
up 21
3.56 50 000 shares of volume 1.31
million share float so that one is a
particularly low float it did have a
split back in like January it after the
split
moved up to like twelve dollars a share
now it's pulled back double bottoming
down here at 293 popping up a little bit
this morning
news headlines August 16th August 15th
hmm
not sure
Hallmark Financial Services
no volume on it right now mind mind 70
cents
a little too cheap for my liking frgt 55
cents nlsp 92 cents binc 96 cents
hkit
this one has been pretty volatile you
had this day where it dropped it was
kind of crazy
it had a really significant sell-off
right here I didn't know what you call
this pattern it goes from 16 all the way
down to eight drops 50 percent and then
it rips all the way back up to 22.
is this Chinese
yeah and you know what that's the type
of thing that um
we do see with Chinese stocks
so anyways
um
you know it's moving a little bit higher
but you've got to be really careful with
this the all-time high or while the high
this move was like 28 dollars a share
2707
that was all-time highs on it as well
if it goes back up but
just be careful with it
so you know as we're trading through the
last week
um well just about the it's not quite
the last week I guess next week is the
last week of
um August but we're coming to the end of
the um end of the summer here end of the
month
kids are going to be going back to
school next week the week after so it's
sort of a change in schedule changing
routine typically I expect the markets
to pick back up
after uh
summer ends so September but really
October November December Q4 is when
usually things pick up so
uh hopefully we see some action in Q4
right now I have low expectations and
coming in with low expectations is a
good way just to be pleasantly surprised
when we get anything so if I end up
getting some trades and I get some uh
some nice moves I'm pleasantly surprised
if I don't I I really it doesn't matter
and and this is the thing that's so
important I know that not every week is
going to be a huge green week I know
that not every month is going to be a
huge green month
my years are usually defined by one or
two months that contribute
20
to 30 percent even maybe a little bit
higher of my profit for the whole year
so you know I it's it's tough but I've
had years where it's been slow the whole
year and then October November December
in three months I make 100 Grand or 100
Grand each month I make 300 Grand so you
know you just never know uh
that could happen it might not happen
but the fact is
I think if you
accept the degree that you're completely
powerless the market will either provide
opportunities or it won't
in a way it makes it I think easier I
mean maybe that makes it more difficult
for some people but I I hope that it
makes it easier because there's really
nothing you can do except for show up
show up be here be willing to trade be
patient have discipline if nothing ends
up providing clean opportunities then
don't trade
or you know just be patient until
something does pop up that's that's the
best way to do it
so I know it's not easy for beginner
Traders and it doesn't feel like
productive use of time when you're
sitting here and you're not actively in
a trade but given over my last 20 000
trades that my average hold time is five
minutes
I spend a lot more time sitting and
waiting than I do actually Trading
right of course I've still made a lot of
money in the market so you know I in a
way in a sense I I do get paid just to
sit here and you know it's those little
five minute Windows where I actually
received the the money but that whole
time I I have to be here I can't just
only show up for those five minutes
because you just don't know exactly when
those are gonna come
uh thank you by the way for those on
YouTube Tuning In For The Morning Show
uh next week I'll be on my traveling
trading station I'll be in the uh the
day trade Dash mobile
using my Starling I am
hopeful and optimistic that the starlink
um performs well
but I you know I won't know until I'm
actually out there the the interesting
thing with my starlink is that it has
been inconsistent
from the same exact location on one day
the internet is smoking fast
awesome the next day from the same
location I haven't even moved the van
and I'm getting interruptions every you
know three to five minutes where I have
no connection whatsoever now that's fine
if you're watching Netflix because
Netflix will buffer for you so you don't
have a you don't notice the Gap but when
you're streaming or you're consuming
real-time Market data
right that's a problem so
um yeah it's been a little disappointing
to be honest
um because it's not cheap but
anyways so I do have
um
I will be traveling uh next week on The
Traveling trading station and then we'll
have Labor Day weekend and then I'll be
back and I don't have any more uh travel
scheduled right now for the rest of the
year
so my routine coming into the fall is
going to be a little bit more consistent
which I had planned based on that being
a time when the opportunity cost of me
missing days is higher because the
Market's usually stronger the
opportunity cost of missing days on the
last week of August it's pretty low
right I mean again you know you could
have a stock that goes from ten dollars
to a hundred and if that happens then
I'll miss it but
more likely
you know we won't
given the state of the market right now
so
anyways I I did set a goal this year of
trying to spend quite a lot of time
traveling a good amount of time on the
traveling trading station
looking back in hindsight
um it is difficult to trade while
traveling and the the biggest challenge
this year with that has been
inconsistent internet
inconsistent internet when I was in
Europe inconsistent internet on my road
trip back from Colorado using the
starlink using my cell phone
inconsistent internet in the Caribbean
in January and again in April
so
yeah I don't know I mean and I may I
suppose
in a perfect world
I would say that um I've made enough
trading that I can actually just take
those days off completely uh but I have
this feeling that I just want to show up
every single day some might call it a
compulsion
feel like I have to show up every day
because I just I I never know you never
know when you're gonna get a really nice
day you just don't know and I suppose
that ultimately is the fear of missing
out
uh
and
you know it's it's based in reality
though you know we all know well here's
HKD you know
the day you take off is the day we end
up having those big moves but I don't
have high expectations for HKD
share buyback 30 million dollars
the problem with the stock is it has
been beaten up so hard
but accepting that it's okay to miss out
sometimes and sometimes it's better to
just take that vacation and really get
the time off
I don't know maybe I'll maybe I'll do
something different next year I'm not
sure but
I'm also hopeful that the Starling
continues to get better and better as
they put up more satellites
because that was the biggest frustration
was sitting here ready to trade having
brought all my trading station you know
all the way to Europe or to wherever and
then my internet's not working right
in the areas that I got 5G I was using
that as a backup and that worked just
fine but
in a lot of the remote areas
there's no 5G yet
so we've got about 14 minutes to the
opening bell
HKD is up nine percent
axla a little on the cheaper side
t-i-r-t-i-r-x
fulc is
the volume is is actually the volume
leader in the entire Market this morning
4.2 million shares of volume
HKD is a little lighter on volume but
we're in we're in the trenches
right now
and I I wouldn't blame uh anyone if they
took you know some days off when they
when you come in and you see this but um
for Traders that did stick around you
did get SOS yesterday into the close
from six all the way up to nine bucks
so that so far has been our biggest move
of the week
six up to 650 to 7 to 750 to eight to
nine
you know all things considered it's
holding up relatively well
back was around 7 30.
ascending support right there at about
7.50
got some headlines from
what's that
4.35 million share float
HKD um
I just wouldn't expect a lot on HKD
so that's true announces a share
repurchase program
sometimes companies will announce a
share repurchase program and then they
don't
um follow through with it
either in full or at all so
that can be a
a little
um
you know you know just don't know it'll
happen
SOS currently down 16 percent so while
you could get in right here off support
doesn't have volume no one's looking at
it really I mean you know again I'm
looking at it some people are looking at
it because it was continuation from
yesterday but it's not obvious enough
what's obvious are stocks on the top of
the scam stocks that already have volume
unfortunately those stocks do not look
particularly exciting right now HKD
getting a little attention because it's
hitting the scanners
it's moving up right now so Traders will
circulate you know hey look take a look
at HKD et cetera et cetera but
I know that stock well enough
at this point that I don't trust it
oh the latency on my current setup is
not bad
um
let's see
I can't remember when I was in Europe
what it was
I think my pain in Europe was like
72 or maybe a hundred
um
my ping here is eight
delay in the idolate and see
and my upload download speed is 500.
so I certainly have a strong connection
at home in my home office
and it wouldn't matter I mean you know
I'm not doing the type of trading where
moving to New York City I don't think
would
make any difference I you know I made I
made good money when I was trading in
Italy
even with a little bit more latency it
doesn't really matter that much
for me it was this it was the streaming
problem because the internet
was a satellite
so it would drop sometimes
HKD coming up to the top there of 67.
so you can see how HKD
comes up to that double top
for a second it looks like it's going to
break
goes to 68 and then drops back down the
low back here was 540.
so HKD if you can break up here through
67 68 and then you might see a move up
to 75 80.
right now it's obviously the only stock
on the scans
so let's see if it wants to break 68.
so there's 75
so you know a small break is it anything
exciting obviously not but
you know you could have taken that if
you wanted to
a little trade there
I don't know it doesn't really seem
not sure it's really worth it but
what was the what would the
total gain been 68 up to 79.
so 10 cents 11 cents a share
BFS
so this one's a little tricky
um
you have the high here of
1860. yesterday's high was 1889.
so
over 20 it's more interesting
the volume is pretty light on it though
which is a problem
is there any news on it
so there's 1889 let's see if it goes up
to 19.
so I would watch this if it breaks
through 19 1950
volumes coming in not a lot but you know
some volumes starting to come in
so you've got 1889 on the ask
next order you probably want to see a
break of 19.
that would be through yesterday's high
and then this candle let's see uh the
high was 1968. so if you get over
19.68
that's where it looks interesting so I'm
going to put an order at 19.50 on VFS
and we'll see if it
decides it wants to go that high
so just watching
high that candle was
1889 there's 18.95
so it's hitting the scanner again
I want to see if more volume comes in
right I want to see if we see that green
on the tape do we see some buyers does
it start to accelerate
it's already moved up a dollar a share
light volume bigger spreads but these
are also type of stocks that can move
quickly as we've seen before
so we'll get this the spreads are
tightening up look at that so now you've
got 1946 on the ass
so all of a sudden
it's like okay does this thing want to
go somewhere
so like I said 1950 is the level I'm
watching
high is 1946 right now
it's only up 10 percent
the level that I was looking at is this
daily candle here about 1968 so
so we'll see what it does I don't know
right now
like I said I usually look at the tape
um glancing at the candle you've got
higher volume there which is good up to
1946. so again you could have taken a
trade on that is the volume light yes is
it a great setup I don't know
I'm wanting to see if it gives us a one
minute pullback and then continues
higher
that's you know and does it happen I
don't know I'm not sure but
right now the level I'm watching is
1968.
so we've got about a minute to the open
so I'll remind you guys as always that
trading is in fact risky and my results
are not typical
so manage your risk practice a simulated
before you put real money on the line
and don't try to blindly follow me or
anyone else
take it slow
especially in this market this isn't the
market to do anything crazy it's just
there's just not a lot happening so you
know a little action on HKD a little
move on VFS but
you know let's see if there's something
that actually seriously proves itself
today all right so I'll end the morning
show here and uh we'll be back at it
first thing tomorrow morning so those
you guys on YouTube thanks for hitting
the thumbs up and I'll see you first
thing tomorrow morning
we've got five seconds to the opening
bell