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Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
What's up everyone? All right? Well, today is the fifth day of trading in my small TD Ameritrade account. This is the small count challenge I'm doing this month and today I'm up another hundred and sixty six dollars which is awesome. So two back-to-back days. Really nice progress here.
The account is growing so I Hope you guys enjoyed this recap. As always, if you're not already subscribed to the channel, hit that subscribe button and hit the like button for me doing these small account challenges. All right. and if you have suggestions for what I should do for the next small account challenge, leave those down below in the comments.
Alright, I hope you guys enjoyed this recap. I Will see you back first thing tomorrow morning. Alright everyone, so we're gonna do a recap here on day 5 of trading in my small TD Ameritrade account. So today is the fifth day of trade in this account and I'm up a hundred and sixty six dollars and 27 cents which is terrific.
Another, you know decent day. I Used pretty much the balance of my buying power I only have a hundred and fifty dollars left of buying power, but tomorrow the I guess fifteen hundred dollars or so that I used yesterday will be available. Excuse me available to trade again. So basically this week I've been trading half the buying power each day and with the two day settlement that that works out perfectly.
So I can trade half my cash balance which is now thirty two hundred. So I can trade sixteen hundred dollars each day. So my one trade today was on NTR P This was straight off the watchlist. We've got our Gaap scanner here I'll run this for 9:20 a.m.
and you can see NTR P was our leading gapper gapping up 65 percent with about four hundred thousand shares of pre market volume and a float of twelve million shares. Price was 240. so pre market. As I was looking at this thing, we had a pre market high of about 250 and then a little pullback and I was watching for that break back over 250.
So let's look at the one-minute chart. One minute chart here. we can clearly see that resistance level of the pre-market high which is actually 255. It had dipped down to 222 so we've got about a 30 cent range.
I Got in as it started to curl up right here for the break over to 40 and as we got the break through to 50, it gave a quick squeeze all the way here up to 322 now I sold as it broke through 355 Of course that that was my target and in this account you know it's always sort of a challenge, but the goal is to just take lots of base hits and on this pop right here up to 74 I took my profit. It ended up coming back down here to 55 consolidating before then opening up for this move up to 3, pulling back at 3 before opening up to the move to 322 so it wasn't You know it was one that I think it was the right move to go ahead and take the profit off the table into that first breakout. So let's look at this: I'll just put up the recording of this right here so we'll go back here. Alright, so I've got my hand on the Bible by market. Now this is the the button that I like to use and I've set this up. so I can be watching up to four stocks at once. These two I was not watching. these were left over from I don't know actually is like last week, but Ntr P&G Npx were the two that I was watching.
All right. So we've got NTR P up here on the side. I typed it in for 600 shares and basically that was just me quickly doing the math of what is. You know what's the most number of shares I can take given I only have like 1500 dollars of buying power.
So I typed it in for 600 shares. had my hand on the Buy button. Alright, so right here right there I click the Buy button so we'll just back that up just for a second. so I have my hand over it I've got my main trading account there so I move that over to the side focusing on T V-- Ameritrade I've got my chart here I Bring my mouse over here and I'm going to click this.
There's the click and a pretty quick execution there. Pretty quick fill. A generous fill at that, giving me shares at 2:38 right? That's six seven cents better than the current Ask, so you know, let's look at that one one more time. So it looks like I pressed it right when the Ask was at about 40 and I got filled at the bit price of 38.
I'll take an extra two cents. Not bad, so extra two cents there. Now we're up to 44 45 I'm looking for it to break over the half-dollar This is a one-minute opening range breakout right here. based on the first one-minute candle, there's 45 now.
I put my button my mouse on the join the ask button because I want to sell at the app and right there it blasts through the half-dollar and goes up to 265. I Click the button to join the ask and right there my shares fill. So I'm now out with a hundred and sixty six dollars and twenty seven cents of profit. Not bad and obviously on this stock.
I Could have tried to swing for a little bit more of a home run and if I had done that, no doubt you know in this particular case, I would have been able to ride this momentum here. maybe up towards 322. So I probably could have made a little more money on this. but this account is so small.
and the fact that I can only trade once a day. it feels so important that each day is a green trade that I continue to have. you know just green trades, profitable trades and that I'm not risking the the base hit for a possible home run which you know you just never know if you're gonna get. and I do have hotkeys set up here under application settings.
however I haven't actually been using them and generally I don't use my hot keys to enter trades I actually click the Buy button. but in this case I haven't been using the hot keys to exit trades either. It's just been a little faster or easier for me to click the button that I want and I think part of that is because some of my early experiences with TD Ameritrade were that I wasn't always clear whether or not my hotkey was being recognized by the platform and so I press it once and I'd be like nothing's happening. What do I do Do I press the second time? Because if sometimes you press a hotkey twice, you know you end up buying twice or selling twice. It's not what you want and then I kind of wait. and so for me, it's a little just easier to click the button and know that because I clicked it, this should be happening right now and then of course I have my orders window just to the side so I can see that as well. So the accounts now up about $700 in five days of trading. so I'm averaging.
you know, still around one hundred and twenty-five dollars a day I don't know where my phone was I could do the math real quick, but in any case, you know 125 or so a day is a nice daily average considering I've started with only twenty-five hundred dollars now I haven't traded in this account every single day. There have been some days I haven't traded because I haven't seen anything that I've liked or because I've been focusing on my main trading account and I haven't wanted to prioritize this one. But you know today I saw an opportunity on NTR P that I thought was a good one. The stock was low enough price that I could get a nice position on it I thought 20 30 cents was realistic I got you know, 25 cents which is overall a solid trade.
And of course with you know a thousand shares that would have been like 300 bucks. With 2,000 shares it would have been. You know, 600 bucks with 10,000 shares it would have been $2,500 And there's no reason that I couldn't have taken 10,000 shares on this setup. It's just a limitation of the number.
You know the buying power that I have in the account and that's dictating the number of shares I can take. So Soliday here five of the TD Ameritrade small count challenge and I'm gonna keep it going. You know if I see something that looks good tomorrow I'll be happy to trade in this account again tomorrow. if I don't see anything that looks good I'll take a day off and then on Friday I'll be.
This trade will clear and I'll now on Friday have a full $3,200 of buying power so you know if I wanted to take one trade with you know all-in I could do that, but it would just mean that I wouldn't be able to trade at all the next day I'd have to wait until Tuesday to trade again so you know it's kind of working based on the current market conditions. Based on my cash balance, the settlement period, and making the decision, you know, kind of that gametime decision of what makes the most sense today. So today I used all the buying power I had left which was half of it made one hundred sixty six dollars. That adds to the hundred dollars I made yesterday.
So two hundred and sixty dollars in two days. So this is nice. See this account growing. It's gonna be a slower growth curve versus the the offshore broker but at the same time I have no commissions I have no platform fees and for those of you guys are kind of trading as a side hustle, You know you take a couple trades one day a week and then you don't trade for the rest of the week cuz you've got work or other things going on. T V-- Ameritrade is a perfect platform for that You know you don't have. It's easy. It's easy to set up an account there. You don't have to worry about the fees or anything like that, so you know it's not like you're losing money on every day that you don't trade.
Alright, so that's it for me. A nice little recap here. Nice day in the Small Town Challenge and I'll be back at it first thing tomorrow morning. Hey, it's me again.
The most popular video on day training on YouTube was made by me. You can check it out below if you haven't already and as always, if you have questions, leave them in the comments I Personally respond to every question that's posted on my channel.
OK I'm confused. If you can't trade this TD Ameritrade account daily (assuming the account has $2500 in it and you were actively trading today). How can you trade the next day?
Thank you Ross for replaying your small account challenge you did 2 years ago. While you guys reset during your winter break, it really is good to go over the basics again.
That's Genius ross! play with half of the account. so u can play each day. Cash accounts.
Hi Ross. Thanks for the content!
I'm curious to understand why you appear to focus on share size so much vs overall total value invested? Is it so you can ensure you can trade in easily divisible lot sizes? Are those lot sizes (say 100 vs 113) always faster to not just handle in your head but from the perspective of the market execution itself as well?
Is there a similar reason for why you appear to focus on gaining a certain total price in a trade (say 1 dollar or 50 cents or 10 cents) vs a certain percentage? I'm not referring to the ticker price for considering exit/entry support/resistance but simply the total gain. Or, maybe you don't target a total gain but just target the ticker price based on psychological price levels?
Ross for your next challenge i think you should take a small account and trade blindfolded! You could probably grow that account too. Great job!
Hi Ross. In this video you mentioned you did not trade every single day during this challenge. "If I don't see anything that looks good I'll take a day off." Could you please elaborate? What do you consider good stocks to trade? From my understanding of previous videos i've watched, using the scanners you look for stocks with high volume, am I missing anything else? Because it looks like I could easily find a high volume stock on any given day. What makes a stock good to trade? If there's a video you could refer me to I'd appreciate it!!
i opened an account but i did not start buying yet..how many days can you trade in 1 week?
How do you get fast execution with TD? For me it’s slow and if I use market order I would miss the entrance on rapidly moving stocks
Brand new here and I love your content and appreciate your transparency. I'll be asking alot of stupid/obvious questions but there's only one way to "learn".
What is the difference between JOIN ASK vs SELL MKT? Why are you using one vs the other? I saw in your previous video (I think it was TLSA) you used SELL MKT but in this one your used JOIN ASK
I love how you use the drone cam, on the intro. How often do you use it. It’s pretty cool.
Ross – what app are you using to hot key trade? Das Trader?
Can’t wait to get into your trading room once my scholarship money comes 😂
Hi Ross!! From your experience in talking with other traders, what is the most a trader can make a year? What is the average a good trader can make as well?
Hi Ross….Thank You so much for showing me how to grow a small acct in TD Ameritrade. I am watching You!
Hi Ross what broker would you recommend for UK traders? Iv just started using interactive brokers and today's hot stock cost me like £60ish by not allowing me execute the sell button after hitting it like loads of times only to make £15 in the end. Not to keen on their platforms. Thanks for the help Ross.
Are there any free scanners that would be useable with TD Ameritrade? My biggest issue right now is finding the right stocks to papertrade (not ready with real money yet).
What’s the difference between “join the ask” and “sell market”?
I started my TDAmeritrade small account with $1000 cash account (NOT margin). I jumped in on NNVC on this day in the first 2 minutes of the day. I had enough to get 400 shares, and for some CRAZY reason got filled for 800 shares! I KNOW I only clicked that button once. I could have made $400-500 in the first 5 minutes, but panicked and sold early with $144 profit because I saw I was green rather than waiting on the chart telling me to sell. Ah well. I had some negativity for a moment on what I missed out on until I realized I had just made as much money in 10 seconds as I would have in 10 hours working my job. I'll be quitting that soon, I'm thinking.
I was researching Capital Market Elite while checking out the student discount with them, and it says US citizens and residents are prohibited from opening active accounts.
Is there a loophole Im unaware of?
Thanks in advance!
watching your video is litteraly invest i like before watching thank you
CODX & TWMC!!
How would I enable the "join the ask" button. Do you have a video showing your current set up process? Steps needed?
Where you at bro
Ross you should think of giving deal on your course. Take away all your regular chat rooms or large account room make your money 💰 back with short term discount for us new comers $2020 till end of Feb deal .. your great teacher just really expensive. Lol
Can I ask you what time you wake up to start trading? Like right at opening or do you wait like 30 minutes an hour?
For an interesting challenge only use the level 2, no charts, for a day and see how you do.
Ross, Can you please explain the minimum margin requirement in CME account. Currently, I have $3500 in my TD Ameritrade account and moving to CMEG just because of leveraging but I'm not able to understand the minimum margin requirement. Do I have to pay 16% of the profit of the stock?
This is from their website
—————————————————–
For Accounts with Equity $2500 and greater:
1. A 16% maintenance requirement for stocks that are priced at more than $4 per share.
2. A maintenance requirement of 50% applies to marginable stock valued from $2 to $4 per share.
3. A maintenance requirement of 100% is needed for all long stocks trading at $2 and below.