+$11k using Volume Profile - Is it better than VWAP?

Summary

In this educational episode, Ross Cameron, a seasoned full-time trader, offers an in-depth tutorial on utilizing the volume profile indicator for technical analysis in trading. He explains the concept, its importance in gauging market sentiment, and how it can be used alongside the volume-weighted average price (VWAP) for better trading decisions. Ross shares his personal trading experiences, including a detailed walkthrough of his wins and losses, to illustrate the practical application of the volume profile in real-time trading scenarios.

Takeaways

• 📈 The volume profile indicator is a technical tool used in trading to analyze trading volume at different price levels and identify the point of control (POC), which is a key price level where the most volume occurs.
• 🏁 When trading above the POC, bulls are in control, and when below, bears dominate, making the POC a crucial level for support, resistance, and crossovers.
• 👨‍🏫 Ross Cameron, a full-time trader with over a decade of experience, shares his insights and strategies, emphasizing the importance of real, audited profits over social media claims.
• 📊 Volume profile differs from volume-weighted average price (VWAP) in that it represents pure volume distribution across price rather than a moving average of price with volume factored in.
• ⚠️ The point of control can act as a pivot or trigger level, indicating potential shifts in sentiment when the price crosses this level.
• 📉 Ross experienced a challenging day with significant losses on certain trades, highlighting the risks and volatility inherent in trading.
• 📈 Ross's profitable trades on stocks like Lipo and Pali demonstrate the effectiveness of using volume profile in conjunction with other indicators like VWAP and MACD for entry and exit decisions.
• 🔍 Volume profile settings such as value area volume, row size, and volume up versus down can be adjusted to fit different trading styles and preferences.
• 📊 The indicator is primarily used on intraday charts, with Ross preferring the 5-minute chart over the 1-minute to avoid inaccuracies due to zoom level.
• 📉 Ross's losses on stocks like BMR and LR underscore the importance of risk management and the need to take profits when available rather than over-relying on potential big gains.
• 💰 Despite a day of mixed results, Ross finished with a net profit, emphasizing the importance of consistent strategy and learning from both wins and losses in trading.

Q & A

What is the main topic of the video?

The main topic of the video is teaching how to use the volume profile indicator in technical analysis for trading stocks, cryptocurrencies, and other financial instruments.

What is a volume profile and why is it important in trading?

A volume profile is a technical indicator that analyzes the volume occurring at different prices, showing where the most volume is taking place. It is important because it helps traders understand the point of control, which can indicate bullish or bearish sentiment and potential support and resistance levels.

What does the point of control (POC) represent in the volume profile?

The point of control (POC) represents the price at which the highest volume of shares has been exchanged. It serves as a key indicator of potential support or resistance and can signal a shift in market sentiment when crossed.

How does Ross Cameron use the volume profile in his trading?

Ross Cameron uses the volume profile as an intraday indicator primarily on the 5-minute chart to identify areas of high volume and potential changes in trend or support and resistance levels.

What are the standard settings for the volume profile indicator according to Ross Cameron?

The standard settings for the volume profile indicator that Ross Cameron uses include a value area volume of 70, row size of 24, and volume up versus down settings.

How does the volume profile differ from the volume weighted average price (VWAP)?

While VWAP is a moving average that lags behind price, the volume profile adjusts more rapidly to high levels of volume, providing a more immediate reflection of the point of control and areas of significant buying or selling pressure.

What is the significance of the point of control line's movement in relation to the stock's price?

The movement of the point of control line indicates where the majority of trading activity is happening. If the stock's price is consistently above the point of control, it suggests a bullish trend, whereas if it's below, it indicates a bearish trend.

What is the role of volume in the context of the volume profile indicator?

Volume plays a crucial role as it reports the number of shares traded at different prices, not just at different times. It helps in identifying the point of control and understanding the intensity of buying or selling at specific price levels.

How does Ross Cameron define a pivot or trigger in the context of trading?

A pivot or trigger is a specific price level where a significant price movement or high volume is expected to occur. It acts as a critical level of support or resistance, and breaking this level can lead to a significant market reaction.

What is the importance of the volume profile indicator in identifying potential areas of support and resistance?

The volume profile indicator is important because it shows the distribution of volume across different price levels, making it easier to identify areas that may act as support or resistance due to high trading activity at those levels.

How does Ross Cameron approach trading when the price is between the point of control and VWAP?

When the price is between the point of control and VWAP, Ross Cameron exercises caution as this indicates a potential tug-of-war between buyers and sellers. He looks for the price to break out and hold above the point of control for a bullish signal or below it for a bearish signal.

What is the significance of the volume profile in Ross Cameron's daily trading routine?

The volume profile is significant in Ross Cameron's daily trading routine as it helps him identify key support and resistance levels, understand market sentiment, and make informed decisions about when to enter or exit trades.

Outlines

00:00

📈 Introduction to Volume Profile Trading Strategy

Ross Cameron introduces the volume profile indicator, a technical tool used in trading to analyze trading volume at different price levels. He explains its importance in identifying the point of control (POC), which indicates whether bulls or bears are in charge of a stock's movement. Cameron emphasizes the indicator's utility for spotting support, resistance, and crossovers, and shares his personal trading results, highlighting the necessity of a cautious approach due to the inherent risks of trading.

05:02

🔍 Setting Up and Utilizing Volume Profile Indicator

The paragraph explains how to set up the volume profile indicator on trading platforms and the importance of using standard settings for consistency with other traders. It details how the volume profile displays the number of shares traded at various prices, as opposed to times, and how it helps in understanding market sentiment and identifying potential trend changes. The narrator discusses the differences between volume profile and volume-weighted average price (VWAP), noting that volume profile adjusts more rapidly to high volume levels and can provide clearer insights into areas of support and resistance.

10:02

📊 Comparing Volume Profile with VWAP for Trading Insights

This section compares the volume profile's point of control (POC) with the VWAP, discussing their significance in gauging bullish and bearish market sentiment. The narrator illustrates how the POC can act as an additional level of support or resistance, helping traders to understand price movements better. The paragraph also includes a case study of a stock trade, demonstrating how the volume profile can guide trading decisions by indicating areas of high volume and potential reversal points.

15:04

💡 Using Volume Profile to Identify Key Support and Resistance Levels

The narrator shares his experience using the volume profile to identify critical support and resistance levels in the market. He explains how the volume profile can make certain price levels obvious as areas of significant buying or selling activity. The paragraph also discusses how the volume profile can help traders understand why a stock is consolidating at specific levels and how to use this information to make informed trading decisions.

20:05

📉 Trading Experiences and Learning When to Stop

In this paragraph, the speaker reflects on his trading experiences, highlighting the importance of using the volume profile to know when to stop trading a stock. He discusses a specific trade where the stock's price was above the point of control initially but later struggled to maintain levels above it, leading to a sell-off. The speaker emphasizes the importance of recognizing these struggles and the role of the volume profile in identifying such situations.

25:07

🤔 Analyzing the Volume Profile's Role in Trading Decisions

The speaker provides a detailed analysis of how the volume profile indicator influenced his trading decisions on a particular stock. He discusses the stock's price movements in relation to the point of control and VWAP, and how these indicators helped him understand the stock's bullish and bearish stances. The paragraph also includes a brief tutorial on reading and interpreting the volume profile and the importance of not overstaying a trade.

30:10

📊 Recap of Trading Sessions Using Volume Profile Indicator

This section serves as a recap of the speaker's trades, discussing the use of the volume profile indicator in various trading scenarios. The speaker evaluates the effectiveness of the volume profile in identifying entry and exit points and its impact on his trading outcomes. He also provides insights into the psychological aspects of trading, such as the temptation to chase bigger profits and the importance of discipline in managing trade sizes and expectations.

35:12

🚀 Leveraging Breaking News and Volume Profile for Trading

The speaker narrates his experience trading a stock that had breaking news, using the volume profile to understand the stock's price action. He describes how the stock's price moved in relation to the point of control and VWAP, and how he capitalized on the situation to make a profitable trade. The paragraph underscores the value of combining news catalysts with technical analysis for effective trading.

40:14

📉 Reflecting on Trading Losses and the Importance of Risk Management

In this paragraph, the speaker reflects on his trading losses and the importance of risk management. He discusses specific trades that did not go as planned and how he managed to recover from a significant loss by switching to a different stock. The speaker emphasizes the need for discipline in trading, especially when dealing with losses, and the importance of not letting emotions dictate trading decisions.

45:16

📈 Summarizing the Day's Trading and Setting Goals for Improvement

The speaker summarizes his day's trading activities, highlighting both profitable and unprofitable trades. He discusses the overall net profit after accounting for fees and commissions and sets goals for improving his trading performance in the future. The paragraph concludes with advice for viewers on the importance of learning from experienced traders and the value of using a simulator before trading with real money.

Keywords

💡Volume Profile

Volume Profile is a technical indicator used in trading to analyze the volume of shares traded at various price levels. It helps traders understand where the most significant buying and selling activity is occurring. In the video, the speaker uses the Volume Profile to identify the Point of Control (POC), which is a price level that has the highest volume of trades, indicating a potential turning point in the stock's price movement.

💡Point of Control (POC)

The Point of Control, often abbreviated as POC, is a specific price level within the Volume Profile where the highest volume of trades has occurred. It serves as a dynamic support or resistance level, indicating the balance between buyers and sellers. When the stock price is trading above the POC, the Bulls are considered to be in control, whereas trading below the POC suggests the Bears are dominating, as illustrated in the video with various stock examples.

💡Bulls and Bears

In the context of trading, 'Bulls' refers to market participants who believe that the price of a security or the overall market will rise, while 'Bears' are those who expect a decline in prices. The video discusses how the POC can indicate when the Bulls or Bears are in charge of a stock's direction, using the POC as a reference for potential support and resistance levels.

💡Support and Resistance

Support and resistance are concepts used in technical analysis to identify price levels at which it is expected that buying or selling activity will increase. Support is a price level where the asset's price tends to find stability and is likely to rise, while resistance is a level where the price is expected to find difficulty to surge higher and may reverse. In the video, the speaker explains how the POC can act as a support or resistance level, influencing trading decisions.

💡Crossovers

A crossover in trading refers to a situation where a security's short-term moving average crosses over its long-term moving average. In the context of the Volume Profile, the video mentions crossovers in relation to the POC, indicating a shift from a bearish to a bullish sentiment or vice versa, which can be a signal for traders to enter or exit positions.

💡Volume Weighted Average Price (VWAP)

VWAP is a trading indicator that shows the average price a stock has traded at throughout the day, with volume taken into account. It is used to determine the mean value of an asset and can act as a dynamic support or resistance level. The video contrasts VWAP with the Volume Profile, explaining that while VWAP is a lagging indicator, the Volume Profile can react more quickly to changes in trading volume and price.

💡Intraday Trading

Intraday trading refers to the practice of buying and selling securities within the same trading day, typically within minutes, hours, or at most before the market closes. The speaker in the video mentions using the Volume Profile primarily on the 5-minute chart for intraday trading, emphasizing its utility for short-term market analysis.

💡Pivot Points

Pivot points in trading are key price levels that traders use to identify potential turning points in the price of a security. The term is used in the video to describe the significance of the POC as a critical price level that, if broken, could indicate a significant price movement, either up or down.

💡Relative Volume

Relative Volume is a measure that compares the current trading volume of a stock to its average trading volume over a certain period. It is used to identify unusually high or low trading activity. In the video, the speaker uses the concept of relative volume to assess the significance of trading activity in the context of news catalysts and stock price movements.

💡MACD

MACD, or Moving Average Convergence Divergence, is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. In the video, the speaker refers to MACD to highlight how it can confirm or contradict signals given by the Volume Profile, particularly in identifying potential trend reversals or the end of a trading opportunity.

Highlights

Introduction to the volume profile indicator and its importance in technical analysis.

Explanation of how the volume profile shows different prices with the most volume, indicating areas of support and resistance.

The concept of the point of control (POC) and its significance in determining the balance between bulls and bears in the market.

Demonstration of volume profile settings and how to apply them on trading platforms.

Comparison between volume profile and volume weighted average price (VWAP) in terms of market sentiment and trading decisions.

Trader's personal experience and results, emphasizing the reliability and audited nature of profits in contrast to other social media traders.

Real-time trade recap of the day, showing both profitable and losing trades, and the use of volume profile in decision-making.

Detailed analysis of a specific trade on a stock, illustrating how volume profile helped in identifying entry and exit points.

Discussion on the pros and cons of using volume profile as a technical indicator in trading.

Trader's strategy of doubling daily goals and providing full-length classes on helpful strategies or indicators.

The importance of watching the POC for support, resistance, and crossovers in trading.

How volume profile can be used on different time frames, with a focus on intraday trading.

Case study of a stock trade that resulted in significant profit, using volume profile for decision support.

Trader's approach to risk management, including setting daily goals and maximum loss limits.

The use of volume profile in conjunction with other technical analysis tools, such as MACD, for a comprehensive trading strategy.

Final thoughts on the value of volume profile in understanding market dynamics and making informed trading decisions.

Transcripts

in today's episode I'm going to teach

you how to use the volume profile

indicator volume profile is a technical

indicator you can plot on your charts

that analyzes the volume that occurs and

it shows the different prices where the

most volume is taking place and it

communicates a central line that is the

point of control when a stock or

cryptocurrency Futures Contract whatever

is trading above the point of control

the Bulls are in charge when it's

trading below the bearss are in charge

and so it's especially important to

watch this POC pointed control line for

support and resistance and for

crossovers we're going to jump into the

charts here and I've got a full screen

slide deck that we're going to dive into

as well as promised this month each day

that I am double my daily goal which is

$5,000 or higher I'm teaching a full

length class on the strategy or the

indicator that I found most helpful on

that particular day so you can see right

here my p&l right now is

$1,661 and I will hopefully be the first

to let you know that hey my results are

not typical trading is risky but if

you're tuning in here for the first time

my name is Ross Cameron I'm a full-time

Trader I've been doing this for more

than a decade and what I want you to

know is that my profits are audited and

they are real and this is in contrast to

a lot of Traders on social media who

talk a big game but don't have the track

record to back it up so everything that

I I share with you in these episodes

comes from my own experiences trading

the markets all right let's go ahead and

dive into the slide deck here and we're

going to get this full screen and we're

going to start talking about how to use

volume profile so the topics of today's

class I'm going to Define volume and

volume profiles to make sure we're all

on the same page as we get started and

I'm going to show you how I use volume

profile in my trading then I'm going to

evaluate the pros and cons of using this

indicator and I'm going to rec cap each

of my trades from today now you will

note that my Biggest Loser I'm down

$3,719 and you know what those were my

first trades of the day on that stock so

today's a day where I went into the red

nearly to my daily Max loss which is

$5,000 my daily goal is five grand my

Max loss is five grand I went down

nearly five grand this morning before

recouping those losses and finishing in

the green thankfully and volume profile

helped helped helped lead the way to me

finding some profit in the market today

I got off to a rough start but I

finished strong so we will recap all of

these trades H at the end of this

episode all right so we're going to go

full screen here and by the way those of

you guys tuning in uh for the first time

I hope you guys enjoy this episode and

if you do I hope you hit the thumbs up

and you subscribe to the channel so

we're going to start with the definition

of volume most of you probably know what

volume is volume is the total number of

shares traded during a period of time so

volume is is traditionally displayed

along the time axis of a chart below

each Candlestick and it communicates

Trend and sentiment so right down here

is where the volume is displayed on this

chart so when I say the time access I

mean right along the very bottom we've

got time at the bottom right here and

then we've got um price on this axis

right here so we've got time and price

so as time goes on and price goes up of

course the chart looks like this which

is what we would like to see so this is

your standard uh volume pain we usually

call it a pain kind of like a window

pane you can sort of move this up and

down and we've got volume plotted on the

bottom now volume is incredibly

important in the market it is the number

of shares they're trading and it helps

communicate what sentiment is like in

this stock if it's really bullish we'll

see a lot of volume and of course we'll

see the price moving up quickly if it's

really bearish we'll see a lot of volume

and the price is moving down quickly so

this is sort of the relationship that we

look at as we're watching um these

stocks moving up and down and of course

the way I'm finding these stocks is

right here on my scanners so if we jump

back into the slide deck this is volume

which I think probably all of you are

familiar with although some of you may

plot volume slightly differently some

people use the same color regardless of

whether the candle is green or red I

want the color of the volume bar to

match match the color of the candle that

is very important for me because what it

helps me understand is whether we have

high volume on the buying candles or on

the selling Candles now what volume

profile does is it reports the number of

shares that traded at different prices

not at different times but at different

prices so it displays the volume across

the price axis of a chart and it's right

here so so this is actually displaying

all the volume that takes place and it's

aligning it to the different prices

right here and what we end up getting is

a point of control which is this uh Red

Line right here I'm going to talk about

that more in just one second but first I

want to make sure we all are using the

same volume profile settings so for most

um for most platforms and this not every

platform is going to have volume profile

but for most platforms you can go to

your indicators and you could type in

volume and then you'll look at all the

different volume um indicators that

exist inside your platform I want to use

volume profile and I'm going to choose a

visible range you could choose a fixed

range but then you have have to manually

select the range and I'm going to choose

visible range right here so you click on

volume profile you select the visible

range as I did right here and then you

will see the VP VR settings which are

the volume profile settings settings and

this is how I have it set up these are

the standard settings value area volume

is 70 row size 24 volume up versus down

this this is these are all the standard

settings that come when you first load

it up now I have my point of control by

default in red and that's the same as uh

what it is standard of course you could

change this to your liking if you would

prefer it look different um but it's I

think it's usually in this case

helpful to use more or less the same

settings that other Traders are using

especially that way if you're in a

community where you're looking at other

people's charts you can understand

exactly what someone's looking at it's

not like wait what in the heck is that

you know oh this is volume profile and

that's what that red line is about

because I don't use the red line for

anything other than the point of

control okay so now that you've got your

volume profile set up on your charts and

by the way in terms of time frames I do

not use it on my daily chart this is an

intraday indicator and I use it

primarily on the 5 minute chart but the

interesting thing with volume profile is

just like volume weight at average price

your volume profile is going to be the

same no matter what time frame you're

trading on because it's just showing you

the volume that's occurred today at the

different prices so the only way the

volume profile will change is if you're

looking at a very narrow view of the

chart in which case it's only going to

show you the profile for what's visible

so because I keep my five minute chart

zoomed out I have it on my five minute

time frame because I have my one minute

chart zoomed in if I put it on the one

minute time frame it would actually be

inaccurate so I'll show you an example

here of what this would look like so

oops uh well that's fine uh but I wanted

to grab um the volume profile so let me

just grab volume profile here let's see

copy and paste there we go so if I zoom

this in really tight here the volume

profile is going to start changing based

on how how zoomed in I am so let's see

if I zoom further out it starts moving

around so that's just something to be

aware of uh so for that reason I don't

use volume profile on my 1 minute chart

and that's just a choice of display and

it's because on my one minute I'm pretty

much always zooming zoomed in so my 1

minute is zoomed in like this so I can

see the price action very clearly and

then my 5 minute chart is zoomed out all

right so I choose to use it on the five

minute but you can do as you'd like all

right so now that we've got this on

let's talk about volume weighted average

price versus volume profile so many of

you know that

for probably a decade at least I've said

volume weighted average price is one of

my number one indicators I love having

volume weight a average price on my

charts because it clearly tells us the

average price of a stock with volume

factored in for the day so it is like

the equilibrium point of a stock and

when the the price is trading above it

we're bullish and when we're trading

below it we're naturally going to be

bearish so vwap is an area that is

fiercely defended when a stock dips down

so when we have a stock let's just say

that is really bullish and it makes this

nice move up and I'll just these would

be red candles but I'll just we'll do

just do this for now it's fine um so you

make you get this really nice clean move

up you get these pullbacks your volume

weighted average price is going to climb

up with you right and then what ends up

happening is if the price dips down and

breaks below vwap that's almost always a

high volume breakdown as you're dropping

and then if the price and of course if

you break below vwap your vwap is also

going to start to decline like this but

then if the price comes back up and

breaks back above vwap that breakout is

really important so we always pay close

attention to volume weight average price

as an area of support when the price

comes down to it if it can't hold we

usually see a big flush and then when it

comes back up a lot of times it's it's

resistance coming back up but if we can

break through it we often see high

volume on the breakout and a retest of

high of day so volume weighted average

price is important there's no question

about it and this episode is not going

to uh dissuade you of that importance

I'm going to continue use volume

weighted average price on my charts for

probably forever for the foreseeable

future for sure but volume profile is

pure volume which is great it displays

the prices where the volume is occurring

and of course a it averages in the price

and the volume volume weighted average

price it's essentially a moving average

so just like 9 EMA or your 20 EMA or 200

EMA it's always lagging a bit behind

price which is fine and it gives you

that average price at equilibrium over

the course of the day but volume profile

in contrast is going to adjust much more

rapidly when we have high levels of

volume so what often happens is a stock

will very quickly make a move up

sometimes on light volume but then it

comes into an area where we have a high

degree of volume and we have a lot of

consolidation and that's what ended up

occurring kind of right in this area

right here and this red line shows us

that this was the price that had the

peak amount of volume the price to the

penny is looks like about

$2.75 and that was well above the volume

weighted uh average price which is in

Orange down here so in this case

something that's interesting is that

there was a moment where the price was

below the point of control but above

vwap and what that sends are um contrary

indicators because on the one hand

you're above vwap which is bullish but

on the other hand you're below the point

of control which is bearish so it's a

spot to exercise caution in this case

the price bounced up it was not able to

hold up at these levels as it turned out

and the price came back down and then we

flushed back below the point of control

when we were back below the point of

control and we are wedged between point

of control and vwap here we were not

able to get back up and we ended up

rolling over and it's not super

surprising because usually when the

price is pinned between point of control

and vwap you're going to have basically

this upside resistance that was at this

critical pivot sometimes I'll refer to a

price as uh being a pivot which means if

we're below that level it's going to be

hard probably to break but if we do

break we'll see a nice move and if we're

above it then we want to see it has to

hold because if we break down well it's

like game over so a pivot is sometimes

also called a um a trigger so a trigger

again it's just a very specific price

where we expect something to happen in

terms of high volume and price movement

if we break that

level so the point of control also known

as PO is the price where the buyers and

sellers have exchanged the most

shares why is this helpful so what does

it mean if you see a price where buyers

and sellers are having the biggest

battle the highest volume and then we

see that the price is holding just below

that point of control price that to me

tells me that we have resistance at that

level and we're if we're below it the

Bears are winning the battle if we're

holding above it the Bulls are winning

the battle right so this tells me

sentiment and if I understand right now

that the Bulls are winning the battle

and the price is holding Above This

critical level then I'm going to have a

stronger long bias on the trade and I'm

going to have higher expectations that

this price can go higher if the price is

holding below this critical point of

control I'm going to be more concerned

that we will not see the follow through

that we want and we're going to see in

fact a reject and a flush back down what

does it mean if that battle line is

crossed right what if we have that very

clear point of control line the price

has been below it and then suddenly

snaps above it that tells us we're

having a shift in sentiment just like a

break of vwap so many of you may not

currently be using volume profile and

you may see these areas on a chart where

suddenly you get a spike of volume and

you're like man where did that come from

I I don't understand or you're seeing an

area that's clearly acting as support or

perhaps resistance and you're just not

understanding why that level is such a

battle and once you turn on volume

profile you're probably going to notice

that there are a number of levels that

suddenly become obvious because now this

indicator showing you oh that battle

there was because that was the point of

control that makes

sense okay so let's see um so vwap

versus point of control so the vwap and

I'm and I'm talking about the vwap price

like the current price of volume

weighted average price and I'll just

show you um on this uh chart right here

so so right now just for example the

point of control on this is below volume

weight average price it's at um let's

see the the current point of control

line I don't have it on my chart but

it's right around this level of 213 and

then the volume weight average price is

right here around sorry 513 and this

one's around

537 so right now the point of control is

a little bit low and that's because of

the high amount of volume that occurred

well right in this area it peaked right

in that area all right now we did get

some decent volume up in this area but

we're back below that level so as I look

at this right here you've got your

volume weight average price you got your

point of control so how how do I use

these two and how do I compare

them so the volume weight average price

is a well-respected technical indicator

we know when the price is above it the

Stock's bullish when the when the price

is below it the stock is bearish and

trading above and below point of control

we have a similar bullish bearish

sentiment and relationship so the point

of control is an additional price level

that helps you visualize potential

changes in Trend or areas of support So

now let's look at this here this is

going to be the stock that I suppose is

our case study today um lipo this stock

ended up going up

27% it might have even got just a smidge

higher than that it was really an

incredible squeeze and you can see that

this is a stock that I made $

7,569 on so this will be and was our

biggest percentage Gainer of the day now

before I I go into this chart I'll just

step back just to give you guys context

of how I found this stock so the way I'm

trading I find stocks using this

software that you can see right on my

screen and the top gappers scan right

here is showing us our number one

leading percentage Gainer pre-market and

that was Lio of 261 per premarket with

90 million shares of volume it now has

192 million which is incredible volume a

quarter of nearly a quarter billion

shares and the float is 4.6 million

shares the relative volume is

28,800 so to help you understand

everything that's going on here what we

have is a stock that is

up

261 float is 4.6 million shares it's got

28,000 times RV which is relative volume

that means the current volume today is

28,000 times higher than average which

is

outrageous um we have let's see so this

was this was the

float this was the percentage change

we've got the price which is which is

currently or it was

a146 right here this was the price and

we have guess what a news catalyst so

we've got a news headline on this stock

so this meets my criteria for being

worth trading because for me I'm looking

for stocks that this is what this stock

had and this is my minimum up

10% u a float of under 20 million shares

so this one met that criteria relative

volume of five just five is enough for

me price generally I prefer between 2

and 20 and this one was a little bit on

the cheaper side but I was still willing

to trade it and positive for news so

this not only met my criteria it

exceeded my criteria in a number of

different respects okay so I find the

stock on my scanner this morning these

scanners are searching the market in

real time for stocks that meet my

criteria so i' I've trained it to look

for stocks that I like so when I see

lipo and I'll click on this so it comes

back up on our chart so I got to just

link my chart up so we're going to link

that up there we're going to click on

lipo so when I pull up lipo I see that

it's a pharmaceutical company it's a

NASDAQ listed stock and they have um

initiates phase 2A trial for um this um

this medication all right so that's our

catalyst so now we understand why the

stock is up this much today now you

don't have to be a pharmacist to

understand that the stock is a

pharmaceutical company it's got news and

the price is up I interpret that to be

positive I'm not an expert on the field

but I'm an expert on trading and so I

understand sentiment and how the the the

markets move especially in response to

different types of headlines so when the

stock first starts popping up I'm

watching it and I'm looking for my entry

now something that you'll notice with

both your point of control line and I'll

make this full screen and your volume

weight average price is that these

change as the price is moving so as the

price moves up your point of control is

moving up your volume profile is

changing and of course the volume weight

average price is moving up so when this

first was on the scanners it actually

started popping up at like 5:00 a.m. the

news came out early it pops up it pulls

back it comes up it pulls back and when

I sat down at about 700 a.m. it was our

leading percentage Gainer at about 70 at

that time I thought well I like it but

it's a little cheap I don't know let's

see what it can do and the other thing

that I said is if we look at our daily

chart on this the 200 EMA which is a

daily level of resistance is at 90 cents

so I kind of thought when we were up at

75 cents and then 80 cents we were going

to have resistance here which we did but

we were able to break through it which

was good now now we've come back down

but nonetheless um at pre-market I was a

little bit concerned about the risk that

this would not ped up super well okay so

if we uh scan forward here we're going

to watch as the price starts to break

away and suddenly because of the big

surge of volume that we got right here

your point of control jumps up right so

now your point of control comes up to

about this area we had all this volume

in this area so that's the new point of

control line and the price moves higher

so we dip down we come back up to about

85 cents here and right here we move

even higher this is one of the first

really good examples of the volume

profile showing an area of support right

here right look at that so this was an

area that was a battle those of you guys

who were watching this this morning in

this area it was really choppy and I

didn't trade it here I was like I don't

know guys it's it feels like there's a

major tug-of-war happening and there was

we were going above and below the point

of control line there was so much volume

here buyers were buying sellers were

shorting it was tug of-war and then we

pulled away we started to squeeze up but

now we were only like 4 cents away from

our 200 moving average and then it drops

back down and it comes down almost to

that point of control line where it

bounces as it comes back up right here I

thought in hindsight I should have just

gone ahead and bought that dip uh but

what I ended up doing was I connected a

trend line right here so I connected a

trend line right about there to connect

those two lines because I was like

clearly those are sign ific and I also

drew a trend line right about here so I

was connecting these lines right in this

area so now as the price came back up

here I was like well we're going to be

running into this resistance line and

we're right at the 200 EMA on The Daily

can we break this level and when we

broke that level I got in with my first

entry for the break of $1 so it was

right here where I took my first entry

that was where I bought the stock we

break a do

and we squeeze up to

A110 now at this point we're bullish

we're well above the point of control

we're well above the volume weight

average price there's no question that

the Bulls are in control right now the

the only regret that I have really is

that I didn't buy the dip back here off

of that previous point of control line

but you can see now the point of control

line is moving higher so we push a

little bit higher we push higher and

then we come back down we dip down a

little bit and going into the open we

squeeze all the way up here here to

about

$140 and the point of control continues

to to move uh higher as the price goes

up so now the point of control gets

really high right here at about 38 and

this is very interesting because right

here look at the volume weight average

price it's way down to like a dollar a

share so I'm like yeah we have supported

a dollar but the current trading price

is like a138 $140 so support is 40 cents

away I'm not going to hold it all the

way down to there and in this area here

I was looking for that trade on the

break through a150 and as we held this

support level I was like I think we're

in good shape I think we're going to see

that break and then we broke that point

of control level and at that point I was

like all right we're below the point of

control the Bears are starting to take

control of this stock so now we're below

the point of control line and here we

rally back up to it and we're struggling

at it do you see this struggle now we've

got a battle right here and

unfortunately although it did get back

above it it wasn't able to hold this

level it kept trying and then failing

trying testing holding and then

rejecting and so what ended up happening

was my best trades on it were right in

this area here and then once we start

experiencing this battle above and below

the point of control line we just became

too choppy now what I could also do here

on this is add my macd so those of you

guys who have um watched my classes on

how I use macd will notice that right up

here we had the macd that was open and

then we sort of had this crossover we're

sort of in this choppy area we go

positive and then we go back negative

right here so that ended up being the

macd reversal macd comes down it tries

to swing back positive but it fails it

tries but it fails and so the macd

basically tells us that we had a window

on this trade from about about 90 cents

here about

8590 up to about

a120 then it pulls back tries again but

fails right here pulls back and then it

goes but it really to be honest not the

cleanest chart your macd is giving you

kind of the the indicator to weit your

volume profile is showing you we've got

this major tug-of-war happening around

$1

38140 and it's not able to hold over

that level so the way I traded this was

I traded aggressively on the front side

of the move and then I stopped trading

it and I was done and I did not trade it

past this point right here we rejected

point of control we weren't able to hold

up and it just sold off for the rest of

the day now this is very interesting

here again see how it comes right back

up to that level to the penny and

rejects that means you're drawing when

you see something like that that tells

you you've drawn your ascending support

and resistance levels the right way now

those of you guys um who want to learn

learn more about technical analysis I'm

actually going to put a link in the top

of the comments it'll be pinned and in

the top of the description for my

ultimate technical analysis kit it's a

um it's a it's basically a comprehensive

a collection of PDFs that you can

download you can print them out you can

put them around your trading station and

you can use these to help you better

understand how I'm interpreting price

action and I'm doing this using

technical analysis if you haven't

already checked out um that download

make sure you download it print it out

and you can have it on your desk cuz

learning how to draw these support and

resistance lines the right way really is

critical cuz there's Traders no doubt

who bought right into this level and

then what does it do it rejects all

right so make sure you check out that

download that'll be a um a free gift for

you guys today okay so now we're going

to jump back into the slide deck here so

my first trade here on

lipo was based on breaking news so we

had a news headline right I was using

volume profile to help me understand uh

essentially in this case when to stop

trading it when I was first trading it

we were well above the point of control

but this did help me understand when to

stop trading it when we had this uh area

of challenge up here uh and then we sold

off at the open and I was glad I took my

profit now the next stock I want to look

at is y

IBO yibo I'm um I'm up $1,100 on so this

is not a huge winner for me today uh but

I want to cover the volume profile on

this one as well um I mean we will for

all of them but this is just the next

one that we'll talk about okay so here

this stock popped up kind of early at

about 4:15 a.m. it dips back down it

rallies back up it pulls back and then

kind of this 5:15 a.m. sort of

struggling in this area notice our point

of control line right so we're basically

again straddling it we're below it below

it below it above it below it below it

so this is an area in other words of

consolidation now granted we are above

the volume weighted average price the

whole time which is bullish but we're

not firmly holding above the point of

control we're generating a lot of volume

in this consolidation range and we're

kind of struggling to break out and then

what ends up happening is we start to

pull away we start to base out and hold

$5 which is psychological support at the

half dooll hold

so we hold five and we pull away up to

525 550 up to 570 and then we start to

pull back so now let's jump forward to

the next slide here what ends up

happening is we come back up here to 550

we pull up right here the a point of

control line moves higher we have this

pop up this pullback and then right off

of this level we squeeze up to about 650

right here and then we start to sell off

so this again is our point of control

you can see that it moves as the price

moves now as we go further into the day

you'll see this point of control line

ended up staying right here around this

545 level so we were below it then we

were above it and then we went back

below it which tells us that this stock

was really not easy to trade so now

you've sort of got double levels of

resistance coming back up you've got

vwap and you have the point of control

we sell off we sell off and then we rip

up here at the open which I think caught

a lot of Traders by surprise including

me we squeeze up for a second I got a

dip and a rip on the halt resumption we

halt we open higher a quick rip and then

we quickly roll over and we come all the

way back down we try to bounce off right

around this point of control line and

then we go lower we come back up to it

and then we go lower so again just

reaffirming this is a level where there

is a real battle and for the most part

today we were trading below it we were

above it for a short period we weren't

able to hold we went back negative then

we got back above it and almost

immediately rejected on high selling

volume so the volume is telling such a

story here you basically have a short

burst of buying and then heavy selling

following it so this tells me that there

were people that were unloading the

stock they were happy to get rid of it

and ultimately the selling outweighed

the buying and so the stock maintained a

bearish stance below vwap and below the

point of control line so although I got

a small scalp on it the volume profile

really wasn't very good and I wasn't

able to get position for a nice trade

which was sort of disappointing this

gives you a zoom in on the 10-second

chart here um and and what you have here

is sort of this Ascension the break of

vwap up to point of control and then it

wasn't until we broke and held above

point of control that we got this quick

move and I think that's really

interesting because normally you would

expect the Big Break will come as soon

as you break vwap but in this case

because the point of control line was

above vwap we broke vwap but then we had

another piece of resistance right here

so we ran into the next level and we

couldn't break that we pulled back and

then we're pinned between vwap and and

the point of control but in this case

because of the time a day and the strong

B buying volume here and I think because

of the fact that the daily chart on um

let's see uh why why

IBO was unique what was unique about

this daily chart is that it's a blue sky

setup the all-time high was back here at

$4 and when it squeezed up here there

was no resistance none whatsoever this

is a stock that's a somewhat recent IPO

now today it's got 30 million shares of

volume and unfortunately it's a red

candle but it's also not uncommon

because there's often people that got in

prior to the IPO they're going to take a

day like this to cash in now it's also

true that there is no upside resistance

so these can sometimes move a lot higher

but I always approach that with a little

bit of skepticism so unfortunately y IBO

I I was a little bit cautious on it let

me just check I think this was the

Chinese yeah and this was a Chinese

stock as well so I was like ah I don't

know if we're going to be able to trust

it and no surprise it did not hold its

levels so not shocking but ALS so not

really a big deal now if we look at this

chart

here uh you'll also notice uh sort of

this big difference between the point of

control line and how high the volume

weight average price remained right

volume weight average price remained

High because I I mean I guess just the

average of the prices the amount of

volume that occurred at these high

prices but ultimately this was the price

right here that in totality had the most

volume by far and so this became the

area of point of control below it

bearish above it somewhat bullish but

again still with a grain of salt because

it's below the volume weight average

price so some really interesting price

action on this one wibo okay so now

we'll jump back here and um we'll look

at Pali okay so P AI this one was

interesting this one had breaking news

at 8:30 a.m. and it completes microbiome

study confirming da da so it's another

one of these sort of bio tech stocks and

I'm familiar with P because I've traded

it before but what I also know is that P

doesn't always hold up it gives us moves

it gives us volatility but it doesn't

always hold those levels so when it

first hit my scanner I'm thinking all

right it's on my high day momentum

scanner so that's the scanner right in

this area and I am able to evaluate of

course the time of day of the alert the

price of the stock the flow the volume

the the relative volume and then I can

see the news headline right here so I do

all of that and I see all right this has

news it's moving higher the float 728

th000 shares super low float this is a

stock that has moved in the past I

should pay attention to it so I put it

on my level two and I just had it kind

of on side chart I was like if it starts

to squeeze it starts to squeeze and in

this candle right here it starts to pull

away now at this point where's the point

of control it's way down at 480 right

vwap is down at like 470 so we're above

point of control we're AB above APAP So

based on all of that the position is

bullish at the beginning of this move

not surprising so we punch up here to

530 we pull back and then we push up to

550 we pull back and then as we break

550 we go almost straight here to

56586 up to 640 micro pullback and we

punch up to 660 so look at this volume

volume is increasing and then peing at

the high but that high volume has the

effect of pulling the point of control

way up real quick the volume weighted

average price moves up a little bit more

slowly lagging behind and once again we

get this similar position where the

price goes below point of control above

vwap bearish because we're below the

point of control line right we come back

up we can't sustain we drop back down

now we're between the two what happens

we roll over so we really want to see

when we have these pullbacks that we

hold the point point of control line

when we go below the point of control

line that's not good so on this one I I

had it on watch as soon as it had news

at 8:30 there were people in the chat

room that said hey P's got news keep it

on watch so at that point I was like

good call I didn't see the news headline

come out but thank you for bringing it

to my attention so I put the chart up on

a side chart and I pulled up the level

two so at that point all I was waiting

for was volume to come in right here we

got the first burst of volume a little

dip and then we got more right here so

once volume was coming in I was like I'm

jumping into this thing and I was

honestly surprised that we got a full

dollar a share out of it from 530 540

all the way up to 640 650 I think we had

hit a high of

660 so a solid trade on Pali palii which

ended up making it my biggest winner of

the day now what prevented me from

giving back that profit and going back

for another trade right in this area was

seeing that point of control line so

again this was really helping keep me

out of a trade that uh that I really

kind of wasn't set up uh quite right any

longer now I'll pull up um the charts

again and I'll show you the macd because

once again reaffirming that if you have

macd it's also going to give you an edge

in making sure you're not overstaying

your welcome here on these so oh let's

switch to the 10-second time frame all

right so 10-second chart here on this

one this was a fast moving stock all

right so we're going to pull this back

here

let's see all right so right in here

we're going get zoomed in and look at

the macd so you could see on this one I

don't usually use macd on a 10-second

chart but you can see again that's the

crossover right there so you know once

you have that crossover the moving

averages are converging we're coming

into this consolidation Zone below the

point of control you know it's just it's

not bullish anymore and the one of the

problems on this was this highest volume

candle being red that is a red flag

literally you could say so red flag

there on the high volume being red and

this had a chance right here to Rally

back up and when it failed that that was

when I was like this is not so great so

so that was P now if we jump back over

here um let's talk about the pros and

cons then we'll go over um the recap of

the Le of the rest of the trades from

today so what are the pros of using uh

volume profile the pros I would say is

you have a better understanding of the

point of control control in a stock

again you can use this on any Financial

instrument point of uh volume sorry

volume profile you can use it on Forex

or crypto or Futures whatever I'm using

it on stock but you can use it on

anything you can do technical analysis

on above the point of control is bullish

below is bearish and volume profile it

adds depth to the Candlestick patterns

because um it it helps you and sometimes

I put these slides together real quick

before I teach this class so I just

finished trading today and and I added

this slide so it helps you understand

why a stock is consolidating at various

levels so in this case it understanding

all right we're consolidating at this

level because this is the point of

control we're right below this critical

level that's why we're having resistance

here I think it's important and helpful

to see that now the cons of using volume

profile the only downside in my opinion

is that it's yet another indicator to

watch in your trading and if you don't

use indicators consistently you might as

well not use them at all because they're

really only useful if you're using them

consistently in you're trading if you're

using it you know on one out of every 10

trades then you're mostly ignoring it so

the the one time you use it maybe it's

not helpful right any just like anything

else there's no strategy that's right at

100% of time there's no indicator that's

right at 100% of time so it's in

totality if you use it consistently does

it work now in this case I think um

volume profile is a helpful indicator to

use and to have on your charts but I

would use it on the 5 minute time frame

because it just will that'll show you

your point of control line and that's

really the most important thing uh one

thing that I do is I align it to the

left some people have it aligned to the

right and I don't like that because I

don't want it covering my candlesticks

so I just put it on the left and to be

honest you probably could if you really

wanted to get rid of the blue and the

the red here or the blue and the orange

and just have the point of control

control line um but I don't do that the

developing um you know I don't use those

right here this is um I I don't I

haven't found this to be helpful so this

is more of a um a standard deviation

offset but again not not helpful for me

so I just leave the point of control

line and and that's it when I see the

price is above it that's what I like to

see um it it is certainly noteworthy

when we have the price break out of a

consolidation Zone you you have a

consolidation Zone like that you break

above that zone and you can hold above

it that's important but I'm going to

visualize that usually um with

horizontal support and resistance lines

based on prices around half dollars and

whole dollars so this is a clear level

that was like a flat top we broke above

it and now we're holding so it's kind of

a combination of your technical analysis

that you're going to do with ascending

and horizontal support and resistance

lines and adding in point of control

along with volume weight average

price okay so now let's talk about my

biggest uh loser of the day so my

biggest winner as you can see was Pali

uh Lio and then Li boo those are my

three stocks I was green on but actually

had four stocks today that I was red on

and I started the day by going in the

red on my very first trade so I sat down

this morning at about

645 and at that time I was looking at

the scanners and I saw lipo or Li yeah

lip

and I I thought you know I don't know

about it I'm not sure like I said it's a

little too cheap 200 EMA it's got some

issues we'll see uh and then BMR ends up

hitting my scans and BMR had news and

this one again you can see kind of like

P it ended up being r on the day right

now it's actually down

6% which is kind of ridiculous so on

this one we'll go back to we'll start at

the 10-second chart we'll start really

zoomed in um and so first of all I

noticed on The Daily an area of

resistance here at 573 do you see that

flat top right there and then I saw if

we broke that we had room up to 671 so

that was sort of the daily analysis that

I did I then zoom in I'm on the the 10c

and the one minute time frame I'm

looking for trades on this and as it

first pops up right

here I'm thinking this is like 748 745

I'm like okay I I think think I can work

with this and I actually take my first

trade right here at 741 right here we're

above point of control we're above vwap

everything is bullish we've got breaking

news so I'm like this is fine I get in

at 541 2500 shars I get out at um 5 like

53 or or 51 right here for like $200 a

profit then it squeezes up right here

and I was like I don't know if I want to

get back in because we've got this

resistance at 70 I think that's going to

be a problem so I hesitate right here I

don't get back in and then it comes back

up here and it just it happened so fast

where we're down here below sorry we're

down here below vwap which normally you

know is bearish we broke below vwap

that's not a good thing and then

suddenly we're back up above that level

so we rip right here and to be honest I

should have jumped back in right here as

soon as we were back over the point of

control and back overview app but I

hesitated cuz I was worried about this

level up around 73 so it finally comes

up here and I end up U buying this let's

see let me just check the time stamps

this is 54 yeah so I ended up buying

this at um

590 and I bought to anticipate that we

were just going to squeeze right through

six with a target of 605 to 610 what

ends up happening is we tap a high of

598 and then we drop back down here to 5

81 so I'm like all right you know that's

not too bad so I add to my position I'm

adding on this micro pullback right here

and I'm looking for the squeeze through

six but guess what happens we break six

for a hot second and then we flush back

down and rather than take profit off the

table up here I decided to add to the

position so I started with 2500 shares

and then once I was up on the trade I

was like you know what this is I think

this is the one it's up it's moving so

I'm adding at 605 and 610 and now I've

got 15,000 shares and my average is

598 right here and it dumps here down to

580 and I was like shoot well I got to

get out so I got out for a $2,000 loss

on my first trade and that's a that's a

big loss for my first trade of the well

it's actually technically my second

trade so now I'm down ,800 on the day

and I'm I'm like yikes that okay that

was not great it dips down to 580 and

then um right here it comes back up so

when it comes back up I got right back

in right at six once we got back over

the point of control line I was like

okay I'm going to get back in here at $6

and we pop up to 620 and then we drop

back down again and same thing happened

I stopped out a second time so I think

most of you would probably look at this

and be like Ross this should have been a

winner this should have been a winner

what's going going on why were those not

winning trades you were clearly up on

them and the problem

was and I think this kind of speaks to

you know let's get some context here you

look at my trades from the last week and

you'll see that I don't know why this

isn't like um kind of that's weird

anyways it doesn't matter um so you look

at my trades from the last week here and

you'll see that I just have been having

these really big green days and I felt

like um these are 20 ,000 $40,000 days I

felt like when BMR was starting to pull

away that this was going to be the one

so I was really quick to size up in fact

I didn't wait until I had my $1,000

cushion before sizing up to 15,000

shares and that was my biggest mistake

rather than chip a couple base hits I

right away was like here we go home run

potential part of that was because my

first entry was at 540 and now I'm

trading it up at 6 50 cents higher so

I'm like clearly it's up but I just got

myself too focused too quick on trying

to hit a big winner rather than just

taking the base hit off the table

because I had the potential on this to

lock up three base hits right one was

this one right here and then regardless

of the fact that I didn't get this trade

down here this still could have been a

fine base hit and this was a fine base

hit but instead you know schmuck that I

am I added on this too high and I

screwed myself up so now I'm read

$3,700 I actually feel like I was read

four grand but um maybe that was because

of the next trade um yeah it was okay

the next trade was

LR okay so now LR hits my scanners you

can see I'm read $386 on this one it

hits my scanner this morning pretty

early and uh again I'm like okay this

thing's hitting my scanners I'm going to

take a stab at it and look at this

rejection holy smokes

I got in at two bucks and it goes up to

240 I didn't take anything off the table

and I stopped out right here and I'm

glad I stopped out but man what a

rejection but again you know that could

have been a small base hit but I didn't

take my profit off the table because now

at this point I was down three

$3,700 on the day and I'm thinking I

need more than you know 20 cents a share

to kind of get me out of the hole I need

like a nice trade and that unfortunately

didn't happen on LR so now I'm down four

grand and as I said at the beginning of

this episode my daily Max loss is um

minus 5K that's my Max loss my daily

goal is 5K and my weekly goal is 15K

because I figure one day out of each

week I'll hit Max loss so three days of

5K green One Day 5K red and then that

cancels out one of these days and this

was 5K so Monday Tuesday Wednesday

Thursday Friday so whatever day happens

to be the red day um that's going to

cancel out one of the green days so

weekly goal is Daily Times three so this

was kind of my thinking here is you know

now you're starting to get real close to

your daily Max loss so let's take a step

back for a second BMR not obvious enough

didn't work LR not obvious enough also

didn't work what is obvious right now

and that's when I said you know what

it's time to trade lipo so I switched

gears and started trading lipo and that

that ended up being my savior for the

morning so that recouped all my loss and

put me in the green trading that on the

front side of this move as it broke this

ascending resistance level and we

started to pull away right so we already

talked about lipo so this gave me my

profit then I got the trade on Pali that

one came up next and then I gave back on

my last two trades 900 on tww oou and cl

di CDI this one was actually in the

morning um again this is a stock that

hit my scanner early very similar

actually to a couple of the others right

like this pop up and then nasty

rejection so $800 loss on that a little

bit

annoying and and here's the thing that

I'll say about trading in general to a

certain extent it's a little bit of a

numbers game which is that you can if

you trade for years and years and years

and years you know that you're right 65%

time there's just going to be a certain

number of Trades four out of 10 roughly

three out of 10 that you're you're going

to lose on no matter what it's just the

way it is so I step up to the play if I

see something moving I'll take a stab

I'll try to break the ice but I took

some losses on those today now my

starter sizes across the board ended up

getting bigger today uh partly because

of the momentum I've had in the last two

weeks and then lipo gave me a nice

cushion so then I was like all right I

can be a little more aggressive

so

twou um this one uh this one actually

did go higher um before rejecting but I

got stopped out on it anyways and that

was this morning um right in this area

now what was interesting about this

chart was that we had Gap fill on The

Daily up to 398 and we filled that

almost to the penny so the way I traded

this was initially you know we got this

halul up and then it opened dipped and

ripped and I hesitated on it here and

then it ends up pushing higher and I was

like gosh darn it I I kind of screwed up

this trade so it pulls back um right

through here comes back up right through

here and I got in um right in this area

for the break through high a day and it

just kind of stalled out and you know

what I wasn't I I just I don't know I I

I just thought that it was going to

break once we pulled away from that

level so if I back this up you'll see

the point of control Line's going to

move down a little bit so I'm going to

have to move it back into this area so

as it started to pull away here at 80

this is where I was like okay we're

going for three and I got stopped out

right here then it rips back up but I

was like whatever so anyways 10,000

shares lost 9 cents a share on that one

and at that point I was like you know

what I I think I'm good you know I I

peaked at about 14,000 today uh maybe

13,000 right around there so gave back

about two grand off the top on CDI I

guess a little bit and um CW oou and oh

and I actually gave back half of what I

had on W yibo I was up a bit more on

that and I gave back half so I

overstayed my welcome on that one a

little bit too and and so at that point

I was like you know what $11,000 is a

pretty solid day it's still double the

daily goal in gross profit now the one

thing I'll say today is that my

commissions are steep I traded a lot of

shares especially on lipo I was jumping

in jumping out jumping in jumping out so

my commissions on lipo are two over

$2,000 it's over 25% of my profit which

is a shame uh this is the cost of doing

business but you know it it is

unfortunate because I know a lot of you

guys trading with commission free

Brokers have zero commissions on those

trades but for me I paid the commission

on it and it is what it is so my net net

today after fees and commissions is

going to be

closer to 8 thou eight and eight and

change 8,000 something so I've got some

some real fees and commissions today for

sure but you know again at the end of

the day I I'm not too worried about it

because I don't typically trade those

low price stocks and it's still helped

me recover the losses that I had on BMR

and it's still a solid green day so I

had sort of a swing in the p&l from down

almost 5 to up 13 finishing at

11,600 have some fees and commissions

wasn't the cleanest day so my goal is to

try to do a little bit better tomorrow

now those of you guys um who want to do

a twoe trial at Warrior trading I'm

actually going to give you a link here

um it's going to be pinned to the top of

the comments uh and it'll be right next

to the link to download my technical

analysis toolkit uh so or my my

comprehensive guide so this is a link

for the twoe trial Warrior trading so

you guys can do this it's $20 for two

weeks that'll give you two weeks of

access and it gives you access to uh all

of the market data so you'll have

realtime uh scans and charts during your

trial you can have access to this

platform in addition to my broadcast and

a selection of classes from the warrior

Pro curriculum so you guys should

definitely check that out if you haven't

already and if you didn't already

download my technical analysis worksheet

that PDF make sure you check that out

you download you can print it out and I

want to encourage you to start testing

out some of the things you're learning

but I want to remind you as always my

results are not typical I've been

trading for a long time and so I always

want you to trade in a simulator before

you put real money on the line because

look if you can't make money in a

simulator you have no business trading

with real money so take it slow the

market will be here for you all right so

set a solid foundation learn the right

way and I always think it's great to

learn from someone who is actually

proven profitable and if you're ever

curious you can check out my broker

statements are on the footer of the

website Warrior trading and you can see

my audited uh performance records as

well so thanks as always for tuning in I

hope you hit that thumbs up subscribe

the channel and I will see you for the

next episode real soon