What's up everyone all right? Well before i start this video, i i told boby, i was coming over here to do a black friday video and tell you guys a little bit about what we're doing for black friday at warrior trading, and he thought i said a black dog video and some Of you guys know, he's been sick lately and i didn't have the heart to tell him: it's, not a black dog video. It's a black friday video, so he's over here. Just saying hello before we get started uh, so black dog video for you bud all right. So he'll keep me company here, um, all right, you go lay down and what i want to do for you guys here today.

Uh is go over what we're doing um for black friday, because um uh well talk about it during the week, while i'm trading and stuff like that for the most part, while i'm trading i'll, be focusing on trading. So today's a good day where i can kind of go over for you go over what the plans are hey over here for black friday, and then you guys will here come over here over here. Go out! This way go on! You go back out, go back out that way, good boy, all right, so thank you guys for tuning in here on sunday. This is uh, not the typical time that i'm doing a live broadcast, but i love that you guys are getting the notification, especially those subscribed on youtube, looks like we've already got about 700 people streaming.

So that's awesome. All right, so um this year we're doing something. A little different for black friday, many of you guys, know uh. For the most part, we really have one flagship membership at warrior trading: it's a warrior pro membership, and so that's going to give you a year of access to a number of different things and that's what i want to break down for you guys here in this Video so uh what and i'll put this up over on the side.

This is black friday, uh 2021. We have started the sale. It's going on right now: annual access for warrior pro membership, uh, typically just under six thousand dollars, five thousand nine hundred ninety seven dollars for one year of access. Now some people are gon na, say whoa, that's crazy, that's expensive! So let me break down for you.

What that membership includes, so it gives some context. So, first of all, it includes the warrior starter course. The warrior start, of course, is a 15 chapter class that gives you the basics, the foundation of what it is to day trade, how to day trade what it means to be a day trader so becoming a day trader. Picking stocks for day trading account types, fundamental analysis, technical analysis, trading platform, walkthrough and through the starter class by the end of it, you're gon na know how to trade in terms of the mechanics of entering and exiting a position.

It's no guarantee you're gon na be profitable, and you probably saw at the very beginning i put up a disclaimer which just for the heck of it i'll put up again now in case you didn't already know. My results are not typical. The typical result of a trader is losing money, so there's no guarantee that you'll find any success in the market. But what i will do for you is, i will teach you everything about my strategy and that can only help you in your pursuit to wanting to learn about the financial markets and gain some sense of financial literacy, especially in in day trade.

In the space of day trading, so um, let me let me go through overview and then i'll go into depth, so the warrior pro membership includes access to the warrior starter class. It's a 15 chapter curriculum access to my small cap day trading course, which is the flagship course. It's 20 chapters of content. You also have access to a large cap trading course.

14 chapters you'll have access to an active investor course. Seven chapters you'll have access to my swing trading and options trading class right here. You'll have access to my chapter on day trading and ira. So this year, my profits again not to make you think that they're typical, because they're not but i'm sitting right now at about a little over three million dollars in day trading profits on the year and of that uh, probably about two-thirds of it, is in a Retirement account, which means no income tax, no income tax, so 3.6 million in gross profit.

It's going to be about 3.2 million right now on the year in net profit and so of that um. Well, i can actually, let's see i i tag it by the account. So main account for this year, so about 1.1 million is in a taxable account and the rest is tax-free. So i want to educate you on the different ways that uh traders, like myself, will utilize retirement accounts to actively trade, generate profit for retirement and not have to pay income tax on it.

You also have access to live trading, archives and mentor session recordings. All right. The live trading archives - many of you guys have seen those that's when you're actually able to re-watch the videos of me trading. Uh stocks like well, you know any stock but gamestop some of these big big momentum stocks, where you can actually watch me pressing the buy button, the cell button you're, seeing my my order window and everything.

So that gives you a really good sense. You can re-watch those again and again and again to understand how i'm thinking when i'm trading so the warrior pro membership includes access to all of these classes plus when you log into the members dashboard right over here i'll go back to the dashboard. You guys will all have access to the dashboard for for a year, and so when you go in, you can log into the live chat, room and stock scanners right here. So you click to enter.

And then, when you go ahead and enter the room, you'll be able to accept the disclaimer. As always, my results are not typical: don't attempt to mirror trade near anyone else, and then these are the scanners, so you'll have access to these scanners for a year. Now a lot of people subscribe to different services just for scanners. Some will uh pay a hundred to two hundred dollars a month just for scanners alone, just all by itself: scanners, so 200, a month, that's 2400 a year just for scanners.

So you guys won't have to pay for that, because you have access to these scans that i've built. I have a development team that built these all out, expect them exactly what i was looking for to help me find the types of stocks that i like to trade, and so you guys have access to the same tool that i use. I don't have a special separate tool. This is the tool that i use to find stocks to trade every single day.

Every single day we've got the top gappers list. This is what i use in the morning for my watch list. Then we've got the momentum. Scanner.

We've got stock quotes, so we can look up a specific stock if someone mentioned something top gainers top relative volume continuation scan. This is an important one and i'm sorting this one over here by two-week gain so p-e-t-s p-e-t-z n-u-z-e, f-a-t-b-b, p-p-s-i e-v-g-o. These are all on the continuation watch list for stocks that have the potential to continue to make big moves. You go over here to other scanners and check them out.

We've got a whole suite of scanners there and then, of course, there's the chat room. So you can actually log into the chat room each day right here and there's a student who posted a p l here. So one two, three four so ten days there pretty nice. So let's see that was raymie um.

Let's see and someone says that real or sim - and he said real so good for him - that's great to see, but in any case, so this is the chat room where, during the trading day, you can actually be chatting with other students, and some of those students Have badges like alex right here so she's got 50k and verified profitability, so she sent in her broker statements and verified that profit and and that's helpful because out of all the traders out there, you know - and this is a problem with a lot of those discord Rooms or reddit, you don't know who's who's, who you don't know, who's, actually making money and who's. Just you know talking a big game, so this helps create transparency and on the note of transparency, because i was talking about the amount of money that i've made for those that don't know, i post my broker statements on the website so from january 1st 2017. All these broker statements are on the website. You can go through all of them and you can you can blow them up.

You can look at them. So in case you weren't sure you were thinking. Gosh ross makes two three million dollars trading. You know: what's he doing teaching and some people ask that question and i i sort of compartmentalize them separately.

I have my trading and then i have what i do for warrior and the work that i do for warrior is a lot of fun. I love teaching. I love giving back, but it's also a business and i'll just tell you very transparently: businesses don't run to lose money. We run because we've got a great product.

We absolutely love providing this service to students and we've also got 20 employees. I've got this development team that does the work on this stuff, so there's costs of running a business, and you guys, of course, are welcome to learn from anyone you want and just as a quick side note. The way i got started because i didn't have a mentor that i learned from that was able to guide me the way many of our students do through me. The way i learned was through trial and error through just watching youtube videos through um.

You know, reading books and stuff like that and then ultimately just trial and error testing stuff out, seeing if it worked and then if it didn't work trying to test something else out. So the long and short of it is that that is a very slow way of learning. You just have to keep practicing and practicing and practicing, and it kind of feels like reinventing the wheel when there's someone out there who already has a profitable strategy and is willing to teach you that strategy now, obviously, it's not a guarantee you'll be able to profitably Trade that strategy, but it sure seems to make more sense to get started in that way than to just try to reinvent the wheel all by yourself. And you know if you practice my strategy and so one of the other things that you guys are going to have access to uh through the black friday sale you're going to have access to 90 days of a trading simulator.

So you can start practicing trading the strategies that you're learning side by side with me: real-time market data level, two data, but pretend money. So the goal is: can you actually learn what i'm teaching you and can you or take what you already know and apply it in some way that helps you feel more confident the way you trade and you won't know until you practice in a simulator, so you Practice this simulator before you put real money on the line and of course you don't want to trade with money. You can't afford to lose because let me just go ahead and ask you: do you guys think trading is risky? The answer is yes, it is i'm not going to be one of those people who tells you it's not i've. Seen instagram ads of all you need is ten thousand dollars to get rich.

I've seen ads um, where someone says trading is easy and that's not true. It's not easy, it's very difficult. It takes a long time, especially if you're trying to figure it out all by yourself, but even if you're a member of a community even one as good as warrior trading or as comprehensive as the curriculum that we have it's still risky. It's still difficult.

So there's no shortcuts you have to put in the hard work, but for those that want to this is a great time to get started. So you save quite a bit. You save two thousand three hundred ninety nine dollars. It's right around thirty five hundred dollars for the year.

That gives you a full year of access and then, at the end of the year, when you wan na renew, you can renew at a discounted rate. So it's about fifty percent off uh this number here when you go to renew the following year, so we have these discounted renewals, it's a member loyalty program that we do so uh. So you know again back to the warrior starter course. So i want to just kind of go over a high level of what we're doing for black friday.

We have one sort of flagship uh product. If you want to call it that at warrior, it's the warrior pro membership and it includes access to the starter course, which is 15 chapters. Small cap, large cap, active investor, swinging options, day trading ira, live trading, archives, mentor sessions full year of access to the chat room, a full year of access to the scanners 90 days of access to a trading simulator. So you can practice the things.

You're learning and all through the year, every day of the week monday, through friday, we host these mentor sessions. So the mentor session, some are hosted by me. Others are hosted by some of my students who have gained a profitability badge and are now starting to give back themselves they're working their way kind of up the ladder, and many of our students have that opportunity, as they um hone their their craft and their ability To trade i've found that uh being a teacher, it forces you to really articulate what's working for you and it's um, it makes you a better trader, it actually does so any opportunity to teach and to give back is, is important so and then just to go In on a little bit more detail, so this is the warrior: starter curriculum like i said, 15 chapters and i broke it down kind of the very beginning of the video um. This is teaching you the basics of how to day trade and the second half of the class is teaching you actually how to use trading software, because some people come in with very little understanding of actually how to trade um or how to even execute a trade.

So this walks you through how to use trading software level, one level two time and sales order, entry, um and so by the end of this you'll actually be able to start placing trades, and we would teach you uh in the starter, using the simulator that you'll Have 90 days of access to so that's a smooth transition and you can use that same software with real money if you'd like, then we get into my small cap trading course. So this is the 20 chapters i'm actually going to pull it up over here. This breaks it down in a little bit more depth, so i taught this class um this year live during 2021 and all the classes are recorded. It's about 50 hours of content recorded content, and so, if we begin with uh chapter one intro to day trading, it's an intro to my small cap day trading strategies and i am a momentum trader.

So what does momentum trading mean? Does anyone know momentum? Trading is about looking for stocks moving quickly and looking to jump on uh that trend, and so, if we look at something like uh well, we could look at dwac from um from two weeks ago. So this one uh. If we go back here, let's see all right, so this right here this area - this was a really strong period of momentum through here all right, so you have a stock that is clearly moving up right by the time it had gone from like right here to Right here this was about 14. A share and up here was twenty dollars a share.

So you know so. This is already made a big move, so that's where we start watching it in these areas to ride the momentum for the next leg up, so momentum trading is a lot of buy high, which right here would be a high entry and sell higher, buy high, sell Higher and so that's what i do, i trade momentum, i look for stocks moving quickly and i look to buy high and then sell higher and i keep riding that momentum up to the top and then eventually a lot of these do top out. This one went from 10 to 175, which was incredible: a million shares went through a 175 and then it pulled back, which is not surprising. It's actually going to be um a year ago, sorry, um five years ago, was it five years ago.

I think five years ago, um today or or tomorrow, that we had the drys uh short squeeze, which was a stock that went from about five two two three four five dollars up to about a hundred and fifteen dollars a share. It was uh pretty epic. I have uh some screenshots that i can show you just real, quick, let's see and by the way, thank you guys for tuning in um on youtube. This is why you subscribe the channel.

So when i jump on and do a broadcast at, you know, 11. 30. On a sunday morning, you guys are able to um get tuned in real quick for that, so i'll put that uh disclaimer up there also as a reminder for those tuning in uh. That trading is risky.

My results are not typical. However, i share my results with you, because it's important that you know the person you're learning from is credible, but there is uh no guarantee of success in the market, so make sure you manage your risk and don't trade money you can't afford to lose all right. So let's see dry s uh, so i'm going into the classes here so this um. So this is my google doc for the classes.

So oh do do. Do do go back up here! Yeah! I just want to see if i can find the actual screenshot of the squeeze d-r-y-s uh i mean it was. It was particularly exciting um when it happened. These are some other ones, pixie a couple other yeah.

This is pretty amazing. Okay, i mean gamestop, obviously anyways you get the idea. This is all momentum, so um long and uh short of it dry s was a uh parabolic stock in 2016. That was pretty crazy.

A lot of people were really excited about, and it was at that time. One of the biggest moves i had ever seen since then, we've seen so many moves that were that big or bigger i've. You know it's not really one that people focus on too much but anyway, so dwac. I suppose this was the most recent uh wild crazy move, but it won't be the last because i've seen these happen again and again and again and gamestop.

We know that that crazy move that we had earlier this year that one was obviously um pretty wild as well. I recently taught a class on um youtube where i showed a bunch of these examples, so this one um this was gamestop. This went from 220 all the way to 320 330. This was just in in one morning.

So, as a momentum trader, these are the types of stocks that obviously i'm going to hone in on, and so i don't just talk about them in theory, i actually show you my entries, so the technical long set up the first and second pullback the abcd pattern. The half dollar whole dollar breakout one of things that was important to me, as i put together, this class was actually showing you hat number one, the what i think are sort of the most critical things you need to know how to find these stocks and i'll. Just switch my video here so as a beginner trader. What i struggled with first was finding stocks to trade.

I didn't know what to trade. I had no idea and i was trading all of the wrong stocks. So the first thing that i have to be able to teach you in this class is how to find the right type of stocks to trade, and so that means you understanding the anatomy of the right type of stock. What is the price? What is the flow? Does it have news? What does the daily chart look like all of those characteristics, the right set, create the right type of stock to trade, so teaching you, the right type of stock to trade, is very important.

Secondly, okay, once you find the right type of stock to trade, where do i buy it? Where do i get in? Where do i get out - and this is something that a lot of beginner traders struggle with now in this market over the last year? Two years? It's been forgiving enough that for some people, they've been able just press the buy button, maybe even on their phone and jump in, and you know next thing um. You know next thing, you know the stock goes up and it's like it feels like there's been some beginner's luck and that's all well and fine, but that will run out eventually and so it's important to be able to actually calculate and dial in to the penny. What is the correct entry point, and so i share with you the way i buy and sell where i get in, where i get out, that's very important, and then we have to talk about risk. How do you manage your risk, especially when trading some of these stocks that are really extended that have made big moves? You don't want to get in with the potential to make a thousand dollars when the downside risk is ten thousand.

You know you don't risk that ten thousand to make a thousand you wan na. Do the opposite. You wan na risk a thousand to make ten thousand. So that requires an understanding of where to cut losses where to stop out where to let it go and what type of entries are going to be particularly high risk and really not have a very good profit to loss ratio.

All of that is, i mean it. Probably sounds very logical, as i explain it, but from my experience working with traders over the years it it so many beginner traders lack that basic understanding, and so someone asked the other day is said russ. You know what. Why is it that so many people lose money trading? Why is it that so many people fail and there's a number of reasons, but i would say the reason the majority of people lose money trading is that you have to override your all of your natural instincts.

Your natural instincts when applied to the stock market will lose you money and that's obviously true, because 90 percent plus of people that come into the market lose money, and so what? What is the natural instinct for a lot traders? It's just to jump in something? That's moving and if it goes up a little bit, they sell and take profit, and if it goes down, they just keep holding it. They keep holding it and holding it and holding and holding it until the loss gets bigger and bigger and bigger and bigger. And just like that, one bad trade can be the end of their short career as a trader, so you have to become ruthless. You have to become so brutal and disciplined about cutting losses, and i've had some huge losses.

But if i didn't cut them, where i cut them, they would they could have been 10 times as big and just as an example. So an example of something that i remember happening as a beginner trader bought a stock at let's just say 5.90. What was my target? I was looking for the break of six, so i was looking for it to squeeze through six dollars and my target was to sell at like 605., so realistically, from 590 to 6. I was looking for about 10 cents a share.

Now, that's not a very big winner. What was my stop on the trade? Well, i was in it 590 and i figured well if it goes down to 575 i'll cut my loss so already i'm risking 15 cents to make only 10.. It drops to 575.. Then it drops to 560 and i'm thinking well let me just hold it for a second and let's see if it holds the psychological support of the half dollar 550, because it's not uncommon for a stock to pull back to 550, then curl back up back through 575 and back up towards six, so it pulls back down to 550 550, all of a sudden, it breaks 550 and it flushes down to 525, 520, 515, 10, and now i'm thinking well geez, louise i'm in this thing at 590., maybe i'll double my position.

At 5, 10. right, so you add another x number of shares at 510. Well, it brings your cost basis back down from 590 510 back down to like 550, and then it breaks five and goes to 490., and next thing you know you're holding it overnight. You've turned a day trade into a swing trade overnight.

Bad news comes out. The company does a secondary, offering the next day it's opening at three dollars a share and you're still holding double size at 550, and just like that, a trade that really only had the potential to give you 10 cents of profit somehow managed to give you a Negative profit loss ratio of like 20 to 1., and you know you think back and you're that was so stupid. Why did i do that? Why did i do that and what happens for so many traders? Is you become emotionally hijacked, while you're trading you become emotionally hijacked, your fear of loss, all of a sudden starts changing you changing um the way you trade from following the rules to just trying to mitigate loss and one of the biggest, i think, probably things that Every successful trader um learns is how to be a really good loser, how to just cut those losses so cut it at 575 and then, if it goes all the way down it's dead, if it does curl back up, you can get back in and the opportunity Cost of all the time and energy spent managing this losing trade. When you could be focusing on the next stock, that's moving up, it's costing you not only the loss, it's costing you, those future wins.

So you know again, it is becoming a successful trader means almost rewriting your natural instincts for what you would do and it's having an ability, while you're trading, to make the difficult decision of cutting losses or, when you're up 10 cents to say no, i'm not going To sell the whole thing, this is a good setup. It has the potential to make a bigger move, i'm gon na, let it do its thing and actually start catching some of those bigger winners. So, every day, while i'm trading i'm running the live broadcast for students, we use ultra low latency streaming software, so um students who are in the warrior pro community, who are our members who have their member warrior pro membership. They can log into the chat room right here and they can stream my broadcast they'd click on this button.

I'm not broadcasting right now, but during the day they'd be able to click on that button stream. My broadcast and they'd be able to actually hear me talking about all of this in real time when i broadcast on youtube youtube streaming servers uh are not ultra low latency using an ultra latency streaming. Server is more expensive uh. Again, that's the cost of doing business that i pay.

I also pay for your real-time market data. On your behalf, i mean all of those things are my costs. Your cost is, is the membership and some people say well geez ross? You should just do it for free. Well, if i did it for free, i wouldn't be able to do the simulator.

I wouldn't be able to do the scanners. It costs almost 100 000 a month just to run the scanners, so wouldn't be able to do the scanners, for you wouldn't be able to do the simulator wouldn't be able to do the live broadcasts with the ultra low latency streaming. Servers wouldn't even have this whole platform, which is custom built by our development team for our students, even the cost of uh, just amazon, servers and stuff like that, just for uh the website i mean all of there's, just simply cost. I think it's easy for people to not recognize that even uh.

You know when you're watching a youtube video you're using you're you're consuming content. You know you're using servers. All of that has cost. So it's your choice to approach trading, how you'd like and if you'd like to be a student, we'd love to have you so this year for black friday.

Black friday is typically a big time of year, because it's when the market is really starting to pick up. Usually i do better october november december q4, then going into q1. This is my. These are my six strongest months of the year, typically, so we're coming into the hot time of the month, right now or hot time of the year, i'm sitting right now in november.

I'm already a little over two hundred thousand dollars uh in profit, which is really good. Last month i did 500 000 for october i'd like to do a little better in november, and i'd like to do a little bit better in december, and i'd like to do a little bit better in january, and then i expect things will cool off going into February and going into march, and then april may june july, things often kind of slow down a bit now. The last two years have been a bit of an exception to that typical, seasonal ebb and flow, because this whole summer was pretty decent and last summer was pretty decent as well. And i think that that's because so many there are so many um more traders.

In the market there's a whole lot more volume in the market, so someone asked me another question recently said ross. I was looking over at some of your older youtube videos and you were talking about how uh you know in 2016 or 17., don't trade pre-market? Don't trade pre-market? I wait to the for the bell to ring at 9, 9. 30. um.

So three four years ago the volume was a fraction of what it is today and what would happen through four years ago is you'd. Have a stock with really good news. Pre-Market, you know great quarterly earnings or whatever it was really good news comes out and um, you know nothing would happen. Then the bell rings and yeah stock would start hitting some scanners and some traders would notice it, and you know the high day, momo scanners, you have these types of scans with um.

You know a lot of traders use variations of this type of scanning technology, so people start noticing it and then people start buying it up. They see, there's good news and so on and so forth, and then you know then off it goes now that started happening earlier and earlier and earlier news would come out and people started jumping on earlier earlier earlier in the move and now traders don't wait till The 9 30 opening bell now as soon as the headline breaks, they're traders that are buying - and so what we have in the market are, is a lot more volume, a lot more market participants and that's good for traders. That's good for all of us. It's good for long-term investors, it's good for active traders, and so it's pushed my trading earlier and earlier and earlier into the morning, and so now i'm often trading from 8 30 to 9 30 and then, if i'm not already green by 9 30 opening bell.

That's a little unusual, so that's um! You know just sort of one of the things that uh has changed over the years. So what i have on youtube right now is sort of a curated collection of some of our most popular videos and uh. The rest of the content is archived for warrior pro students, so there was a time where i pretty much kept um. I mean i kept a ton of stuff out on youtube and i don't do that anymore.

We decided to revamp the youtube channel and focus on some of the best and the greatest some of the most popular videos, and then everything else is reserved for our students. So some of those older videos where i was not trading pre-market at this point. It's um yeah that was based on current market conditions and now it's changed. So, let's see um.

So while i have you guys here um again, i can post the link for the black friday sale on youtube. I'll have it in the description. I figured that people probably over the coming weeks, might check out this video so come back and watch it. If you're thinking about uh joining and becoming a warrior pro student and then you can, you can sort of see everything, that's included in the membership.

So let's see um, so i'm gon na just update that and i'm gon na grab black friday coupon or the the link here for you right there all right. So there you go so um. Let's see, let me see if i can answer any questions. So william says how much for the chat room only so we've changed a little bit over the years uh.

There was a time where we had different products. We had chat room only. We had simulator only we had different variations of the classes and when we stopped doing that, one of the problems inherently was that people that were just members of the chat room would continually ask questions that were answered in the classes and it created a sort of Disruptive um an incoherent flow in the chat room for the warrior pro students, and so i made a decision. We said you know what what does it look like if we just simply don't offer the chat room anymore? That's a it's a business decision.

It is just saying no to people that want to purchase that, on the other hand, for warrior pro students, it means that everyone in the chat room is on the same level. Everyone, i can say, help go check in chapter six and they have access to that, and so the result has been positive. It's a better community. Everyone is on the same page.

Everyone has access to the same classes. Now, if you're a student who was a former warrior pro student from like a year ago or two years ago, and you want to renew your membership, you should email us team warriortrading.com, and we can help you with that. But for people that might have been a chat room only student several years ago or something like that, we don't have just the chat room right now. Uh again, um always happy to hear your feedback and if that's something that um students are particular or traders aspiring traders are particularly interested in then um.

You know i'll keep that in mind, but right now the feedback has been positive, that we really have just won. Pretty much one core membership, which is the warrior pro. We do have the starter uh, but we're sort of phasing that out, as we just focus on the one um core product uh. So let's see this will be available through black friday uh.

So we don't have uh as of right now a limit on uh the number of students joining. We don't have a specific limit on um. I don't know we really just it's. This sale is started now and it's available until black friday.

Let's see, i'm just going to grab the link here again post that um. Some of you guys also know that i have a uh goal of hitting one million subscribers on our channel and we're at about 917 000 right now, so we're making our way towards a million. The goal was. I was hoping to hit a million by the end of december and if we do, i had said i would begin a brand new small account challenge on january 1st.

So i hope to have some of you guys share this video subscribe and help me get to 1 million that'd be really cool, all right, um. Thank you card. I appreciate that and thank you laura. So thank you.

I see some actual um students warrior pro students tuning in for this video. So thank you and um. It's because some people are saying: hey um. Is it worth it because i've seen some comments? Um is that anyone has anyone here taken the classes? Is it worth it i'll? Let the warrior pro students speak for themselves and we'll see what they say so a question about how do i trade pre-market? So that's a more of a technical question and it's just changing the time and force on your order from uh day to day, plus or extended hours thanks, ryan.

Thank you thanks for saying that wow, that's impressive good for you! Well, you know anthony. I don't know what to tell you um, he says no way. Is this guy a millionaire he lives in a normal sized house. I will take it as a compliment to being somewhat humble.

I suppose maybe i'm sure i could live in a bigger house. If i wanted to, if you really are skeptical um about my profits, i can put this page up again here and let's see i can go over here and over here. So this is the uh independent audit report of when i turned 583 into a million bucks. That was my.

That was my first goal. So this is the audit report right here, so i produced an average monthly return of 147. No, those results are not typical uh, but the average monthly profit was 36 000 right there. That was the first um two and a quarter years from a very small account, less than 600 bucks, all the way there up to a million, and once i crossed a million, i started to uh move a lot faster.

So, as of today, i'm up to uh 10 million in gross profit. Let's see where do i have that page so from 2017, through today's date, gross profit uh, let's see oh better, get rid of the main account clear there. You go 10 million gross profit um. Let's see have i tried ever tried trading later in the day, so alex that's a great question when i was getting started.

I would sit here from 9 30, not here, but i would sit at my computer from 9 30 until pretty much until like the closing ballot four o'clock, i mean i really would trade all day long. I, as a beginner just did not know and understand that there are times of the day that are going to be more productive and other times of the day that are going to be statistically choppier and more difficult. So i just traded through the whole day, not the right approach, but it's the way. I did it my um.

The way i trade now is i focus on the morning. There are some days where i come back in the afternoon and i'll catch some trades. I do feel like i could probably make more money if i traded from 8 30 a.m or whatever all the way until 4 p.m. On the other hand, my goal of being a trader is not to sit here in front of the computer for 9 10 hours.

A day i think there are some traders out there there's some students who will take that approach and they will trade all day. Long and they'll try to make as much as they possibly can every day. But you have to understand, you will get decision fatigue and you will have days where, as a result of decision fatigue, you end up making a mistake at two or three in the afternoon you give back your entire morning of profit. Answer can be very demoralizing when that happens, and then, when you start to feel that emotional impulse that frustration that disappointment, that's when that can roll over into poor decision making.

And then you start going with your instincts. You give up the discipline and all of a sudden you have a day where you go from up x, amount to break even to red and then to biggest loss of the your entire career. You know and i've seen that happen and i've had similar experiences for myself, so it takes a very high level of discipline to be able to trade all day long and not most traders have it certainly not most beginner traders. I think for most beginner traders choosing the time of day when the market is most active and most volatile makes sense, that's typically in the morning so from 8am to 10am or 11am.

Something like that and i think a lot of traders that come into the market. Also often have other sources of income, whether they're, freelancers or they're. You know a real estate broker or whatever they are so trading is sort of a side hustle, and it's not an eight-hour day. It's not something that can be an eight-hour day, focus at the time that they're getting started so again to each their own.

I'm not saying it's not possible. It is, but it's a little bit more difficult than trying to kind of consolidate trading into a smaller window. So uh, but i think about it, even myself and one of the things that i try to remind was so like this summer. For instance, in the month of august, i spent the whole month on cape cod, and i was considering not trading at all.

I was considering taking the entire month off and i was like well, you know, while i could do that for just for me, because i can take a month off of trading, it's not a big deal uh for my students. I really can't. I have a commitment that i've made to my students to show up every day, and so i say you know what i'm going to show up every day and i'm going to do my regular thing i'll trade the morning, so i traded from 8 to like 10 30 every day, and then i had a sailboat i'd go out sailing. I go do stuff with my kids and my wife and enjoy the rest of the day, and there were some days where i would see a message that there was a huge momentum stock.

You know an hour after i left and my gut reaction was god dang it i missed it, and i had to really keep that in check and remind myself that listen. You got your two hours a day. You got your ten thousand dollars today. You got your 20 000 today.

You don't need to do more than that. You did enough, you know and um. So i finished the month. Let's see i'll, put up here uh, so this was the month of um august.

So i finished the month up. Uh around 180 000, which 190 000, which was a good month. You know it was hey. I was going to take the whole month off so 190 000 was was terrific.

I didn't you know blow it out of the water, but i was also taking it kind of slowly, so i wanted to be grateful for that and um so trying to you know for me just remember that um, you know the whole re well, the whole reason I got into trading was um because i didn't want to have a traditional nine to five job and, and that was very different from probably the motivation of a lot of people today. I think a lot of people today are coming into the market for um. Well, everyone has their own reasons and you can share them with me because i guess i don't know what your reasons are. You'd have to tell me um.

So we'll see. Why are you thinking about trading? You know for some it's going to be to buy a lamborghini, it's you know something silly and i don't want to. I don't want to. I don't want to say that that sounds mean if you love lamborghinis and that's important to you, then that's not silly.

That's fine, i that's not what i would do uh, but again i don't want to. I don't want to cast that judgment. I i think one of the. So one of the reasons that i have that is because there's such a trading is a industry where there's so much of that already there's so much of you know these people flashing the money and the fancy cars and this and that - and i i get it It's it's, it's like it's like being a realtor and you drive your your clients around and you got ta drive them around in a nice car.

You know you got to put on the show and i think, with trading, if you're a successful trader, you should be driving a lamborghini. You should be driving a ferrari, because that's what successful traders do so, you have to kind of you know, walk the walk. I don't really do that and it hasn't been a problem for me and you know i think people respect me just as much as an educator and as a trader, even though i don't do that. But i know there are some people out there that, like the person who mentioned it before about not having enough um, you know like plated gold or whatever on the windows that i'm you know not living as large as i could.

But it's you know again it's to each their own, so you can spend, spend your money how you like and and for what it's worth i've donated over a million dollars to charity, and i have that i think right on the website here on the home page. Let's see so some of the organizations i donate to so i could have bought myself well, i could have bought four decent lamborghinis and ferraris for that. But - and i don't own the sailboat - i rented it - i rented it for the month and i rented the house for a month. You know i mean, and that was that, for me is fine.

I don't want to have a house that i only spend a month out of the year in, but if i can afford to rent a house for a month, i'm happy with that. You know another question. Someone asked the other day said ross. Why aren't you a billionaire - and i think it's important - to comment on the scalability of trading while trading is quite scalable and they're, and i've certainly seen other traders out there who make far more than me, uh they're traders out there who make who've made in one Year, 15, 20, 50 million dollars, i'm sure um, i'm.

I guess a straggler, i'm bringing up the rear, but i'm happy with what i'm doing and to take to make more money requires. Taking larger positions. Taking larger positions requires taking more risk, and you know not. Everyone has the aptitude to just risk risk risk risk risk risk risk straight up.

I, on the days where i've had big losses, it it hurts, and so i'm not at a place where i can take the level of risk that i would need to make as much money as some people, but even the best day. Traders day trading is not a billion dollar type of um, like you're, not going to become a billionaire from day trading. There's that's not going to happen. The people who become billionaires - and you know, look at all the billionaires there - maybe some of them - maybe a couple of them, started as day traders and then opened a hedge fund and started investing other people's money and but then the money they made that made them A billionaire is not from day trading.

You know it's from being a long-term investor, because it's easier to buy 5 or 10 million shares. If you're going to hold them for x number of weeks or months, if you're going to only hold them for 10 minutes, it would be very hard to get in and out with that type of position. So you will hit a ceiling with trading where increasing size as a result of slippage would result in diminishing returns. But um you know i i don't think that's something anyone needs to actually be worrying about.

So that's a long! That's gon na be a long ways away for pretty much everyone, so uh yeah again so i'll just i'll back here. Um are there any other questions, specific um for black friday or um the warrior pro membership? So i see the question there. Why are you trading more pre-market um? So what changed? What changed over the last two years is more and more volume pre-market, and so really what happened was uh there weren't as many market participants three years ago as there were today. I i i'm proud to say that i got into trading during a time where it wasn't really the cool thing to be doing.

It was cool in the 90s and then it wasn't really cool for a while and now it's cool again, but i've been doing it for so long that when i started it wasn't really like popular, not a lot of people were talking about it. You could day trade, but there was not. I mean the level of volume in the market that we have today is unprecedented, and it's because the market has never been more accessible, as it is today accessible from a phone from a smartphone from anywhere in the world anywhere in the world with internet. It's incredible and the tools are now available to active traders and it benefits the brokers.

They want you trading, they want your money, your your, you know your funds on their balance sheet or, however, they do it. You know they want your accounts, they incentivize trading. We know robin hood does so uh. They are incentivized to try to create better software, faster platforms, more reliable platforms, and so all of that has resulted in a lot more activity in the market, and so now, when a stock has breaking news, there's so many traders out there that for the most part It doesn't just like sit there with breaking news, it breaks and it pops and there's also probably a lot of algos and high frequency trading, algorithms that are constantly scanning for breaking news and are also responding, because you know that they're all those high frequency trading, algorithms, Those big firms, those funds, they're always trying to be - you - know a step ahead of retail traders.

So it's just uh it's a different market today and so that's forced traders. I think to be more uh, more aggressive thanks for that question. So i have done live conferences. I've done them uh in las vegas in miami in new york, city uh.

We did one in orlando or two in orlando, so yes have done them. We'll probably do them again, but we because the last one i did was in miami in december uh or i think it was december of 2019, so it was like sort of right before um. You know everything happened with covet and then because of that i didn't schedule anything for 2020 and i haven't scheduled anything for 2021 and now it's november. So you know i just i don't know it's a just.

Is this like weird thing, but at the same time, technology allows me to broadcast every single day and that's a lot of fun. The the thing that's fun about conferences is being able to have that um. You know one-on-one interaction with students and that that's a lot of fun, it's great to meet people in person and everything else. So you know i'll, let you know when that happens, but um for what it's worth the last time we prioritized just to our warrior pro students first, ultimately, i really just wanted to have an event where i got to meet the students that i already know so That was, it was for warrior pro students and then i think we had some extra seats um, and so we made those available to some people that were like chat room only at the time and then people that were just local in the miami area, but yeah.

So ac says this: sharing your strategy with anyone risking that won't work anymore. I don't think so. So i would give you this kind of um story. I don't think, let's, let's, let's pretend i'm teaching uh driver's ed.

I don't think teaching people how to use stoplights, uh and stop signs makes uh makes them work less. I think, if anything, it makes them work better. So my job, i guess, is educating traders out there of the rules of the market and these are like traffic lights. These are technical indicators and so i'm a very i'm a trader and so as a day trader, i'm very technical, i'm focusing on chart patterns, and so this chart has a ton of red lights and green lights.

You might not know them and recognize them initially, but a trader who's been doing this for a while can tell you a break over 50 is a big deal so the more i educate people of these critical levels, and it's not just fifty dollars because of that Price: it's because of this pattern, the more i educate people on this pattern. I don't think it makes the pattern work less. I think that there may be some high frequency trading algorithms that you know might adapt and say: oh every time that you have this pattern. This happens, so we should do this.

You know you always think about how those funds are trying to be a step ahead of retail traders, but uh these patterns are so obvious and they've been in the market for so long that i don't think more people knowing about them makes them work less. Does it make them work better? I don't know i. I don't know that it does that either, but it hasn't in the years i've been teaching made. It work less.

As far as i can tell so i mean it's true that there are some setups that i use to trade more frequently that we've been starting to see some really big whips on certain flat top breakouts, especially, and that sometimes feels like an algo like pop and Flush which i hate seeing, but i i don't - i think that that's also just the nature of the market. You always have to sort of evolve a little bit. So thanks for that question that was a good one, uh the five-cent tech pilot program, so yeah, so that was from 2000 uh. Well now i don't even remember uh 2017-18.

It was a two-year long program. Um i mean there's a whole story around it. We talk about it in the classes, but it was a pilot program and it did not continue so that was that was it um. So bradley says how do i deal with emotional detachment while trading? So one of the things that i did pretty early on in my career um is i i sought the help of a um, a psychologist, a coach to help me with the mental aspects of trading, because i recognized that i was the roadblock.

You know. I knew enough about trading, i understood it well enough, but i was the roadblock. I was the one stopping me from making money, it was doing stupid stuff and i had to really understand what was going on in that thought, process and unravel that rat's nest. So i actually brought on ted and diane as our trader psychology team at warrior and they teach students on mindful monday and fomo friday, a number of different techniques to help with the emotional challenges of trading.

Because i i don't know it's. What percentage of trading is skill? What percentage is aptitude? What percentage is emotion, but you know there's, obviously on that you know there's some level that requires emotional composure and for some people it's bigger than for others, so um so yeah. I i'm not going to get into all of it right now, because it's a long answer, but just to say that that is a a pretty big component of the classes. So it's not something you would that we won't cover the three arrows so someone's asking about these, so i just drove i just drew those when i was talking about, buy high, sell higher those aren't particularly i mean that that was a halt level there uh.

This is a halt level here and then it squeezed up and then pulled back.