Live Day Trading Morning Show with Ross Cameron - IINN transcript

All right, so it is about 8:20 and as I sit here right now I'm going to start going through the gap scanner as always starting at the top. Switching to my retirement account. Good. There we go. Ready to go and This is adjusted just slightly. I don't know. I'll just leave it for now. Um, let's see. So I'm just started the live broadcast on YouTube for the morning show. Thank you folks for tuning in. As always this broadcast is for educational purposes only.

Hope you find it interesting. If you do, please hit the thumbs up. I am a day trader. I'm also an educator and I want to remind you in case you didn't already know that my results are not typical. Most beginner traders lose money and you should assume as a beginner trader you'll lose money. With that assumption in mind, trade in a simulator before you put real money on the line. Don't trade with money you can't afford to lose.

All right. My results are not typical. Did I say that already? Okay. Good. Leading gapper this morning. EMSC Float says 280,000 shares. Let's see if that's correct. I'm going to go double check that. That's very low, almost unthinkably low. I see 24 million shares as the correct float as of November. I'm going to have to ask our data vendor to double check that. Let's see. IIMN Former Momo stock good amount of room. It's got news.

It's pre-market high is up here at 468. It's up 56% float 7.68 million shares. Worth watching. This is starting to kind of set up more of an ABCD pattern. I'd rather wait for a pullback before jumping in here. Yesterday uh had a fantastic day on ISIG. Ended up finishing the day over 50,000 in profit, which is great. So pre-market uh during the morning show took a couple trades on it. Said at the open was looking for more trades.

And boy we got more trades on it. This went from 12 all the way up to a high of uh $25, almost 25. So some great action there. I saw one of our students posted his P&L over 50,000 as well, which is pretty impressive. As always though, my results are not typical and the results of students that achieve that type of success are not typical either. The fact is we don't know uh nobody knows really for sure what the average success rate is for traders.

We always hear that it's you know, 90% will fail, but we don't really know exactly what it is. I wish we did but but I don't. So it's hard to benchmark what is normal. But uh Henry, are you in this morning? Have Have you logged in yet? See if he's See if he's here. Nice. Good job. And I don't I don't have that information, David. It's not possible for me to know that. You know, I don't have access to all the broker statements that our brokers hold.

Certainly, George. But that would also uh assume that everyone that could get a badge has has gotten one and we know that's not true. There was someone that emailed us yesterday thanking us uh for uh the classes and um Her name's Anita and sent a really nice message. She said she's not a uh she's not a public doesn't doesn't comment in the chat, doesn't have badges, doesn't need that. Uh but has been able to become very successful thanks to learning how to trade momentum.

So you know, she's just one example of someone who's uh doing well. I'm really proud of her. But doesn't feel the need to get a badge cuz she doesn't chat in the room. So you know. Come on in. Well, girl, I can't help you if you're going to do that. Inside. It Hey. Hey, look at me. Look at me. I think we've got a I think we've got a woodchuck under the porch. I'm not sure. But I we do. I saw him going in and out on the porch a whole bunch last year, but I haven't seen him in a while, but she's going crazy next to the next to the porch.

I got to get her a treat. I got to get her something makes her interested in coming outside. So ISIG, for what it's worth, um could be a continuation set up, but needs to get over 22 23. It's not impossible by any means. I think it's absolutely worth keeping on watch, but it's a little ways off that level right now. PPSI You guys got some opportunity on that one. Yoohoo. Uh needs to get back over 12. PGLS I get a little cautious chasing moves like that.

It's down 34% on 50,000 shares of volume. There's a uh a hit piece out about them. Hey Jessica. Hey, that so remember but both for trader rehab and the small account strategy one trade a day is small account way. It doesn't take much to give back that that profit. So be grateful for what you got. And that's what that's very good. Okay, so we're coming up to 8:30. We'll see if we have um any new headlines here. IINN uh not a new headline, but something to keep an eye on.

Over trading if you're struggling is only going to make the struggle worse. Watching the headlines here. IINN feels uh like I'm having a hard time. I should have bought the dip down here and I didn't. Go lay down. Go on. Get out of here. You can't talk to Woody. Get out of here. Hit the road, girl. double top before 68. Uh I don't trade Canadian stocks. Um I mean my broker I don't know that I get access to Canadian stocks.

Most US traders wouldn't start trading and think, "Hmm, maybe I should just trade Canadian stocks." Most of us would just trade US stocks. So that's that is what I trade. I can assure you that this is real. My P&L shows in the top corner. I don't show you my position because that would be showing you too much of my strategy. If you want to see videos that include positions, you'd have to be a student and watch the live trading archives, which you'd be welcome to do.

I'll share a little bit with you and if you want to learn more, you'd have to be a student. Waiting for scanner alerts here. I understand uh in Canada you trade Canadian and American stocks. I don't think that that's super typical for most US traders though to uh trade Canadian stocks. I have this candle 55. There's 58. So this is a bit of an extension here. It's good to see the volume. So since we have two topping tails up here at 68, I would think we may have resistance up there, but you know, never know.

Possible that we won't. It's up 67%. Sorry about that. So I'm going to wait for a pullback against the double top. ENSC This is on a pullback around the VWAP. It is our uh second leading gapper. Oh. IINN broke through the high. So now the question is whether or not it can hold that level cuz it's still two four five green candles in a row on the extension. So, you know, this one's going without me. Many opportunities to jump in and sort of chase the move and could have made money on it, but the first trade is often sort of the hard one because you're breaking the ice.

That first trade goes wrong and you're red on the day. Little resistance at possibly 506. And then 648 and then we've got more room. So, let's see if it's stacked with sellers up here. So, wait for the next dip. I would be concerned about a false breakout of the whole dollar. Well, I didn't want to buy the break of the double top because it was already extended coming into that level. So, you know, for me I I trade with big size usually, so if I don't trust it with 10,000 or 20 or 30,000 shares, I'm I'm usually just not going to take it at all with like small size, even though I could have made money with small size.

My opinion is if it's not good enough for big size, I there's something not right about it and I should just wait for a better setup. So, this right now would qualify as a 1-minute micro pullback. But, given the extension, the risk of it being a false breakout is higher. It's the second pullback. Uh I I would say I want to pull back for a second. This one's strong. Mhm. Still extended. Um the high is 24. On a 5-minute pullback, it could pull back to 468 and that would be okay because that would be holding the previous breakout spot.

Um yeah, 20 cents, $5,000 of risk for 20,000 share position approximately. Yeah, that that's not uncommon. 80,000 share buyer at 17. Unfortunately, what also sometimes happens is with these you just get this move and then it fades. You get this really big move and then that that's it. That's the whole thing. Um and then that's what embraces the chasing mentality because if you don't chase it, you just miss the whole thing.

And that that can be very frustrating. You sit patiently waiting for a good 5-minute pullback and then, you know, luck of the draw, you don't get one. So, here I am. I've watched it go another 60 cents or whatever without me. Um Uh you know, watch me get in at 25 and it immediately dropped to to five bucks. So, it's just what you know, it's if you made the commitment to be patient for the first few minutes, you might as well hold that.

So, there it went from 25 to 28 and now a seller comes in at 20, right? That's exactly that type of false breakout that is so easy to chase and then, you know, get smoked on. So, that's all right. The the longer it holds up, the better it is. So, our high now is 29. If I were green on the day, I probably would be taking quick breakout trades. If I'd already broken the ice, I probably would just be, you know, actively trading in this area, but, you know, having not.

So, the high is 29. So, I would kind of say up in here that could be a little bear trap, so you see how on the 10-second chart it it breaks down and and it looks like it's probably a short up here cuz it's extended. But, you know, if you're short and then it breaks through 28, 29, you might as well I mean, in my opinion, cover it cuz you don't know how much higher it'll go and then come back for the second attempt. So, this area it's still you've got two, four, six can- six green candles in a row, but um you know, but then there's a 90,000 share seller at 21 that pops up.

So, we're going to pull back. So, the the pullbacks have been pretty consistently to this gray line. Let's see if it breaks five. Because the 5-minute chart is still pretty extended, right? You know, you have the 1-minute, you're like, "Oh, okay, this isn't bad." But, then the 5-minute, you're like, "Whoa, this thing could pull back to 468." So, now it's below five. Let's try to look for ascending support areas. Pair, is day trading risky?

That's a great question. Um Yes, day trading is very risky. Most beginner traders lose money. You should assume as a beginner trader you will lose money as well. With that assumption in mind, don't trade with money you can't afford to lose. Pair, um So the high was 18. If it can break over VWAP, could be something there. It's at the VWAP now. But the level two is flashing around a little bit. Price is a little bit higher.

Float's a little higher as well. The spreads I don't like on that. No, you we have instant Well, yes, the funds still have to settle, but as a I'm with a margin account, you can keep trading funds unlimited. So you could just trade trade trade trade trade. So I see a stock hit the scanner. I immediately What I What do I check? The float. It's 153 million shares and uh that's a problem. If it hit the scanner five times in a row and it was just ripping, I might still say, "You know what?

I'll I'll give it a stab." But Is risky typical? Well, I suppose there's risk in in almost anything. So maybe risk is fairly typical in life. I bought a starter at uh the 20 moving average down there on IINN, which is 85. I'm at 91 average. Uh we still have about 1 minute left on this uh candle. So my add spot on this is going to be back over five and then 505, 510. Trying to time the first uh 1-minute candle to make a new high.

So the low there is 85, which is a good sort of stop level. And then watching back over five there. So still holding, added at five at 497, and looking to add at 510. So this 5-minute candle has a high of 524. I'm looking for a squeeze back up to the highs, 529. So added right there uh at 508. So this is almost uh perfect timing for the first 5-minute candle to make a new high. High of this candle is 510. So we're going to look for 515, 520.

Right now just holding full size. Uh I haven't sold anything. I'm not in full size yet. I want to keep adding at 517, 518, 520. Because this right here is representing the first 5-minute pullback after that breakout. So added at 506. Next add will be 15, then 20. IPW Jumping in IPW. This one's hitting the scanners. Next add on IPW is at five. Added on IPW at five. IINN IPW watch over 75. We've got news on this. So the high was five.

I stopped on IINN so I can focus on IPW. But uh I I always have a hard time with that when I'm in one and then have to switch. I sold IPW. It hit all the way to five and I added on that at 499. Brought my average up to 440. Thought we were going to get a continued squeeze up to 550 or six and stopped out as it came back down. I'll switch back to IINN for now. Added back on IINN at 86. Double bottom. Looking for the break through 510.

So watch uh still here. High of this 5-minute candle is 510 on IINN. This one's the stronger of the two. It's up 85% and it's holding. Added at 99. Holding 15,000 shares. Next add will be 510. Little chop there. Sizing down to 1,200. Sold the rest for right now. We'll let it pull back for another entry. I chased IPW. Uh usually when we have those kinds of spikes and that went from 350 up to five, I can do really well, but just the fact that it's not holding is um disappointing.

Sellers came in quick. It's not easy to borrow, but sellers came in real quick on IPW. So I'm all out of IINN looking for another dip. The low back here was 85. Starter 501. Needs to break 510. Orders at 520 so I can add through 510, 515. High of this 5-minute candle is 510 with 30 seconds left. Added at 501. I think our uh 1-minute chart is looking good for a break through 510 and a retest to 529. We've got about 10 seconds left on this current 5-minute candle.

And then we're going to be looking for the first 5-minute candle to make a new high. Okay, so this is the high right there, 510. Adding at 510. Now looking for a squeeze back up to 525. This looks good. So I'm going to hold this and I'm going to look to add at 525. Adding at 525. Now let's see if we get the squeeze through 530. Added at 529 for the break of 530. I'm going to let it dip and then try to add back. Added at 525.

Looking for that squeeze through 530, 545. Nice high volume on this candle. So first attempt was a tap. Let's look for the second attempt through 30. 10,000 share bid. Adding at 22. 25 on the ask. Reducing some size. Look for the next trade. Average is 14 cuz I added high. Orders at 32. Bought the dip at 14. Looking for the break through 25. We want to see 18, 19, 20. There's 18 on the ask. There's 19. Going back to flat for now.

The 5-minute should have broken through the high. I'll watch for a dip trade. I gave it a chance. All manual. I don't use live stop orders. Dip trade 97. Nice fill at 97. I'm happy with that. Buying the dip off that 20 moving average, the blue line. Back to flat 501. Only 4 cents, but with 6,000 shares, that wasn't too bad. Reminders always for those tuning in. Trading is risky in case you didn't already know it. Shouldn't try to blindly follow me or anyone else.

Mhm. So, I'm watching the scans. Those tuning in for the morning show, I hope you enjoy it. And if you do, would love for you to hit the thumbs up. All right. So, this ends up being a false breakout on the five, which is disappointing. Hoping for some breaking news here around nine, but not seeing anything yet. Added back at 25. Next add will be 28. Added 29. This looks like a little bit of a um trap there. So, small gain on that.

Back to flat for right now. So, the high was 37. New order goes at 40. I agree. Over 506, we have room to 648. So, it's just a tough chart because of the way it's kind of uh broke through there, but only by a little bit. You could probably draw a line there, but it's not super valid cuz you're only tapping twice. Nice job on IPW. Good work. Added back at 37. 38. Next add 45. This is starting to pull away here. Added at 48.

Now we're looking for next add 55 and 65. Added at 55. We'll add at 65 and 75. Let's see if this squeezes up towards six. Adding at 63. So something like this, I start stepping up and getting aggressive. Added at 75. Watching now for a dip. Added there 75. Looking for the squeeze up to $6. Next add will be 85. Nice. Good bid there. Added at 75 again. Looking for that squeeze up to 85 and 95. Holding right now 7,000 shares at 66.

High this candle is 82. We'll watch the dips. Still room to 648. Holding 3,100 shares. Got topping tail candle. The high of this candle was 77. Leaving an order at 90 to add back. I was looking for the squeeze up to 85, 95, and six. Thought we were going to get it. So had to unwind that add that was high, but lost a little on that, but that's okay. I don't mind that too much. I've got a cushion now. Added 62 on the dip.

It's a double bottom. Right there. Next add is 75 again. For the break over 80. Added 74, 78. So looking for the squeeze through 85. Nice bid there. Added at 80 right there. Holding 10,000 shares. Letting it dip again. Holding 6,000. Added at 74. Feels a little bit like uh bears are trying to hold it back, but I think that it's going to keep going. Watching for dips. Added at 65 on the dip. We've got 10 minutes to the bell, and we've got room to 648.

It's our daily level. Back to flat for now 65. Nice jam. So high is 82. Pulling back a little bit down here. I'm buying the dip at 54 and 53. This is a dip off the half dollar. Usually we get good whole dollar half dollar support. It's a good opportunity to pick up 10 cents on the dip. I know Alex likes to take trades like that. We'll see if we get up to 65. Holding 3,000 shares, and we've got about a minute left on this candle.

If I can add again at 50, I would do that. Because I'm looking for uh possible trades going into the open. So the best cost bases I can get. The float's actually uh Andre, I checked that. It's uh 24 million shares. I reached out to our data vendor to double check that figure that they have. Taking a little more profit for now at 64, 65, which is about 10 cents from the dip. Taking a little more profit. So our high is 82.

I'm going to let it pull back and then try to get another dip entry. Dip in the 50s would be best. Added at 61. There's a bid at 60. Next add will be 71. Adding there, 70 to anticipate 71. Looking for 75 and 78 and the break through this flat top. So, starting to position for a break through 80. Watching 75 and 78 for adds. First 1-minute candle to make a new high is coming up here. We've got this ascending wedge. So, I'm going to be watching 75, 77, 78 and 80 for that break through 82.

Watch right here. Adding at 75. I'm going to add again at 77. Adding again at 80. There's 83. Take some profit off just in case it doesn't go right to 90. Average is 67. High of this candle is 84. New order goes at 85 to add back. Watching. Sometimes it dips and then pops right back up. So, looking to add back at 82, for the squeeze up to six. Added back at 80 right there. Now, next add is 88 and 89 and looking for that squeeze up to $6.

So, you can see how we're starting to pull away here. This is good. Added at 86. Looking for 87, 88, 90. Want to take a little profit on the way and then add back at 95, 96 for the break over $6. Watching for dips. Added back at 86. Looking for that squeeze through 90 and 95. So, this is where I aggressively trade these. Looking for that open kind of move over 95, 96, 97 through $6 and then we know we have 648 on the daily as a good target.

This is a good-looking gap and go right now. So, looking for the break of 90. There's 88. There's 89. There's 90. There's 91. I'm not sure if we're going to get all the way to 95. New order goes at six 05. It feels like it's churning a little bit up here, so I'm taking a little profit. 20,000 share bid at 88 is good to see. High of this candle is 95. Average is 83. So, our previous high was 82 right here. So, looking at a pullback back down to 82 is okay.

We've only got 10 minutes to the bell. Watching for a dip entry. Probably off of like 78. Added at 71 or 81. Only partial fill. First 1-minute to make a new high. Giving it the chance to kind of reset up here. So, consolidation and then looking for the add through six. So, watching for 95, 96. I'm in right now at 81. Added at 95. Now, we're going to look for the break through six. Next add is 98 and 99. It seems like it's going to pull away here.

So, six and I'm moving my order up to $6.10 to see if we get that kind of parabolic move going into the open right up to 648, which is our daily target. There's 99. Holding right now, looking for 610. Back to flat on that for now. It hit a high of six 03. So, I'm looking for a candle like this where, you know, you got that breakaway of 50 cents. So, every time I take a trade, I'm kind of looking for that potential and you know, if we only get 5 cents or 10 cents, okay.

But I'm still thinking that it has that potential. It's our leading gapper right now, so it's the most obvious one to trade. It's getting a little extended as we're coming closer to the open. I'm not sure if this is going to be like SYTA and a couple of the others where we get a really nice squeeze at the open or if it's going to be one of those ones where all the action was pre-market. That's uh an error. Let me refresh.

Probably not very interested in the IPOs. Haven't been trading them super well recently. Yeah, so that dip right down there to 70. Right down to that blue line. That was a nice dip from 70 back up to 95. So, we've got about 3 minutes to the bell. I'm going to keep trading for Warrior Pro students going into the open. We'll see if we can uh get some more opportunities on IINN. It's currently up 116%. It's our leading gapper, so it's the one that I'm focusing on and I've done fairly well on so far.

So, hopefully we get some more opportunities on it. Can also keep an eye on the high day Momo scanner, see what starts to pop up. ENSC is uh one to keep an eye on possibly, but you know, we'll just see. MP hitting the scanner as floats a bit higher. Volume's a bit lower, I suppose. So, IINN and ENSC are the two that I'll be watching. 648 is the daily level that I've got sort of on watch. All right, 90 seconds to the bell.

I right back there was 95. Added back 95. Starting to look for that squeeze through six. 605 is the add spot, then 613, 625. Added there. Now looking for 615 as we start to squeeze higher. Then 625 and a move up to 648. Next add right here is going to be 609. Bought the dip at 605. Looking for the squeeze through 610, gap and go set up on this for a move up to 625 at the open. Those tuning in on YouTube, I'm going to keep trading for Warrior students.

This one looks like it's going to be fun today.