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💰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
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? So today we've kind of extra-special midday market recap for you I Talked a little bit about where I'm at on my million dollar journey from $583 to 1 million. Where am I at right now? I'm gonna talk about that during the midday market recap. Also, go talk a little bit about my journey getting started. trade.
It's now been 10 years, nearly 10 years since I had a traditional nine-to-five job and man, life is good I Love it! So I'm gonna talk a little bit about that, a little bit about my strategy, and a little bit about some of our students. And of course I'm gonna talk about today's trades. All right one stock. I'd Trade today 960 dollars profit in 30 minutes.
Life is good. It's summertime. I'm gonna go outside and join the day but watch the midday market recap. Enjoy it.
Leave me comments questions below I'll come back and answer them later today. All right. I'll see you guys tomorrow in the chat room. Alright everyone, so we're gonna go over and trades from today.
Another another green day. That's what I love $960 and 84 cents of profit. You know this is just kind of right now. low stress trading, not taking a big sighs I'm not trying to swing for the fences if I can get five hundred to a thousand dollars a day.
I'm happy with that and I'm stopping there I'm not gonna overstay my welcome in this market. So today I trade for 30 minutes, thirty minutes of trading $960 and now I've got the rest of the day to do whatever I want and you know that's that's that's the dream. It really is. You know, just to have that level of consistency.
now. yesterday I made about eight hundred dollars. so today's a little bit better than yesterday, but we're still seeing a bit choppiness in the market. We're not seeing the level of follow-through that we saw in in May or in the beginning of April And so what I mean by that is in May In the beginning of April I was seeing back-to-back three four, five thousand dollar days we were seeing stocks going up 20, 30, 40 %.
and right now it feels like we're seeing a lot of stocks going up 5% 10% But we're not seeing those exaggerated moves. So one of the things that we know is that the market can extremely high and we can have these really big, you know, kind of parabolic irrational moves where stocks just squeeze and they go up and up and up. And as an example, would we see last month we saw IM te this stock go from two dollars and twenty-nine cents in one day to a high of 41 dollars and 26 cents. That's crazy.
That was absolutely crazy and that level of exuberance that got a lot of traders into the market looking for an opportunity to cash in and make some money. So inevitably, what we ended up seeing last month was a lot of really strong momentum. and that's why I finished. The month was seventy-five thousand dollars of total profit.
It was a great month. I mean it really was pretty impressive. This month we're seeing a little bit of a correction in the sense that we're not seeing those exaggerated moves. when stocks do start to pop up, they're not always holding up as well. they end up fading back down. and so it kind of feels like a market where we're giving you know. One step forward, two steps back, and this is a market where you got to be really disciplined. You got to get in, get your profit, and get the heck out before you lose it.
And so that's what I've been doing. and I don't like to compare trading to gambling there. There are some similarities when it comes to you can either be a trader or you can be a gambler and I was talking to a student yesterday I'm not gonna call you out by name but he's doing something that I used to do a lot and so what it is is you know he's trading and you know he takes a couple of trades and he loses money and instead of walking away he starts to get frustrated and he over trades and he starts revenge trading and he you know you go from being down the three thousands of down, four thousand down five thousand and then you get lucky you got a three thousand dollar winner and now you're only down two thousand and then you try to get lucky again and then you're down eight thousand and you try to get lucky one more time, you're down sixteen thousand. That's what we call snowball days, right? It's just you.
let it go and go and go. and at that point you're not trading anymore, you're just gambling and I'm not. You know, like I said, not calling them out is like you know a mean thing or anything cuz I've been there and I've done exactly that. I've done it I did it so many times that I finally got to a point where I was like Ross are you gonna be a traitor? Are you gonna be a gambler cuz you can't be both and you gotta follow rules.
So for me, when I go to Las Vegas and I actually do gamble, knock on wood I've never lost money in Las Vegas I've always walked away with more money. They start with. it's because of a strategy that I use. Now the strategy that I use is a little bit risky, but it works and I follow the rules to the tee.
So if I go with $5,000 you know with blackjack I start you know with a $50 chip and if I lose, then I go to a hundred. If I lose again I go to 200. if I lose again I go to 400. If I lose again I go to 805 lose again I go 1,600 and then when I win when I'm out down 16 I make it back and I go back to break even or back to green and you keep doing that.
As long as the table has a high enough limit, you'll always get back, you'll always get back. and then you have to know when to walk away. Statistically, you're not gonna lose twenty five times in a row. So you know you know as long as you have the cash in your pocket, you can always get yourself out.
And so by using that strategy I always walk away with money in my pocket and it's not a lot. Usually it's just a little bit. but one thing that's really important is to know when to walk away. So at a certain point when you get yourself, you know you finally do get into the green. You've got to walk away now. Today I started in the red first trade out of the gates I lost money on it and that was a little bit disappointing. You know I don't like to lose but I lost money I Lost $700 on my first trade and so I'm trade number two I get back into the same stock and I'm able to recover some of the loss and I'm down. Well, let's lift it.
we'll go right into it. Alright, so First Trade: SEI I This was right off the watch list and and the only comparison there with gambling is is knowing when to walk away. That's really it and and that you can actually do well. People do go to Vegas and actually make money because they have strategy.
Whether they're counting cards or they have another strategy there is. There are ways to be profitable and there's also ways just to throw away all your money and it's a choice you can choose right? So for me with trading, I follow very strict set of rules and that's what keeps me in the green. Consistency consistency right? It's just staying really focused now with SDI I this was on her Gaps camera this morning. pre market high was 432.
All right, so it drops down a little bit, but then it starts to search up and I said pre market I said guys I am going to buy this stock if it breaks over for 32. that's where I'm a buyer right? So I said that right away I mean there was no, no question, that's where I was going to get it all right? So the bell rings, it starts squeezing up and as I saw those buyers, that's where I started to jump in. So I saw buyers of 27, I jumped in, added it 30, and I added again at 40. But you can see here that I kept getting partial fills.
So instead of having a full five thousand or 7,500 share position, I ended up having only thirty six hundred shares. so I kind of had a small position on this. It didn't really hold up super well which was a little disappointing. So so I have this sort of smaller position.
it was just I wasn't able to get filled. It pops up in that first candle up to a high of 450 and I saw John in the room who you guys of course know Jon Elton he took his profit instead of adding at 41. he was like I'm taking profit I'm selling it He made $400 on the first trade I decided to add and be a little bit more aggressive. It pops up to a high of 50 and then it drops down and I ended up stopping out on this candle at 410 and that was not what I wanted I lost $700 on the very first trade and so at that point I was like alright, well now I have to be careful I'm in the red I certainly want to get myself out of the hole, but the market has been a bit choppy I have to be really, really careful.
All right. So I said to myself I'll just wait. hold tight. let's see if it holds up so it's curling.
it starts to pop up a little bit, but what you notice is that it pops up and then drops down and then it squeezes and then it comes back up again right here and it pops up and drops down but I went ahead and I bought so I said I'm watching this over for 30 if it breaks for 30 I'm a buyer again it breaks for 30 and I jumped in but I got filled at 4:37 and for 38 because I was using my hotkeys. so I got in it a little bit too high but I said I was getting it in so that's where I got in it and at that point I'm holding with a stop. Basically the low just pulled back of 406 and I'm feeling a little bit nervous because that's a 30-cent stop which is 1,500 Shares are $1500 so you know I was like all right Well let's give this a second. it does a one-minute micro pullback right here for thirty-one and then boom it takes off. so as it takes off right here I add you can see I add there's like two minutes later at 448. so now I'm like I'm adding on this because it's looking to me like it's gonna break over the half-dollar So I said guys I'm gonna watch this to add over the half-dollar so hits 450 and then it pops up to a high of 483. Not bad at all I mean that's that's not a bad move but it was a little bit touch-and-go and the fact that he had done a false breakout right here and I was. oh and I was down about $1000 on it and that would have put me down about 1700 on the day.
I was quick to start selling when it came back up, you know I just seen danger and I was like alright I gotta start getting out. So I sell half of 59 some more 58 and then I was like you know what I can always get back in as it pops up here. it pulls back for a second at 460 as it pops up. I add a 465 now I'm thinking if it breaks over 475, there might be a chance this thing hits $5 So I'm starting to think there's a little more potential end up selling at 464 I add it 480, sell at 43 are sorry I add at 483 sell it for 84 42 you know, just kind of felt like I kept buying this a high a day and it was dropping down.
It wasn't holding up very well and then finally on my last trade it's now it now does this little false breakout here. So after all those trades, I was up about five hundred dollars. so five hundred dollars a profit is is pretty good and I was thinking this might be a good time to walk away. let's just see what it does.
so it drops down and then pops back up. I didn't buy it there because it had just done this false breakout on the minute chart. So I'm just like I'm just gonna watch this. it then drops back down to here this area as it curls back up.
I saw this as an ABCD setup. so remember point A is the low of the first pull back B is the high so A B C's the low and this low cannot go lower than this first point. so A B C and now we're your buyer if it breaks over this price right here. 75 and that's where I got back in.
I got back in at 74 anticipating the break of 75 and there was a 20,000 Cher seller and it goes 20,000 19, 18, 17, 16, 15, 14, 13, 12, 11, 10, 9, 7, 6, 5, 4, 3, 2 boom and it pops up now when it pops up like that. usually they break through high of day. So I wanted to see this go over 85 and get into the 90s. immediately when I saw it pop up into the 80s and start to see a resistance I didn't like that and so I started selling I sold half at 79 I hit the bid I hit the bid again at 80 we're sold on the ass, got filled on at 81. that was kind of lucky and then sold the rest at 480 and 477. but with that I made another 700 or sorry, four hundred dollars. So I went from being up 500 to being up 960. It was a false breakout.
As you can see, but you can still profit if you're quick and so now you see it's starting to curl back up a little bit. It may be worth watching, but it just feels like this is a stock that is not giving really big wins. It's a little bit here, a little bit there. I'm up almost $1000 on it and I'm gonna consider myself happy with that because I started the day down 700 on it.
So this is when I know to walk away. Now you have a choice. You can walk away now and if this ends up going to 556 dollars, what would you say? Well jeez, I left so much money on the table I left money on the table. But you have two choices.
You can either leave money on the table or you can. You can give back your profit and then leave broke basically. and that's kind of the two choices. you're either leaving money on the table or you know you're you're giving back profit.
You can't have it both ways. So for me, I'd rather leave money on the table and walk away with. I'm not trying to, you know, hit the lottery and make a million dollars overnight. I will make a million dollars trading and it's over the course of lots of small wins.
A thousand dollars a day times a thousand days, right? Maybe $2,000 a day times 500 days. It will happen. It's just a matter of time. So someone asked the other day on YouTube where I'm out with my $583 challenge.
so I started with 583 dollars in my account On January 1st 2017 less than 600 bucks right now I did that for a couple reasons: I'd had a really good year in 2016 I made about a quarter million dollars and I'm sort of at a point where I was like what's next for me, You know it. I You know what I feel like I need a challenge I challenge myself I need to do something more than just the same old same old I need to test myself and we had so many students at the time and we still do emailing saying Ross you know I have a thousand dollars. Is that enough to start trading? All right? Whatever. I have fifteen hundred dollars.
Is that enough to start trading and I always said yes it is. and I had done a couple small account challenges before were I start with a thousand dollars and turned it into ten thousand or whatever. But but they were just short little challenges and so I kind of thought. You know what? I'm gonna test myself and do a true small account challenge I'm gonna start I'm gonna clear out all my profits, put all my money away, and start over start over with six hundred bucks. So actually put 700 in the account on like December 25th or something December 27th January 1st they take out 115 dollars in fees for platform fees. so I end up starting with $583 on January 1st 2017 and what I did was I focused on trading the same strategy I trade every single day consistency basis and so on those first couple days I had 600 dollars in my account and remember because I was trading with an offshore broker I was not restricted by the PDT levels. There's a number of offshore brokers that you guys can choose from and located in you know the Bahamas and Jamaica and there's a couple in Europe and you know they're not places where I would probably want to put my life savings I want to keep mine posting my money in the United States But for the sake of this challenge, I was like whatever. I'll put 600 bucks over there and we'll see what we can do.
So I put my 600 in there and I start trading I could day trade as much as I want and I have margin and so what I focused on was trading stocks between $3 and $4 Because that was the price range where I was able to buy the most shares the broker that I was with, they didn't allow margin on stocks under $3 and I wanted to be able to use that margin that buying power. So stocks between $3 and $4 I was able to buy about 700 to 900 shares of So I would buy 900 shares and as soon as I was up ten cents I sold and took the $90 of profit. So my first day I made a hundred and twenty four dollars trading with one trade. Second day I did the same thing I got into a stock with about a thousand shares as soon as I was up ten cents I sold $100 profit I made a hundred fifty Third day, same thing got into a stock twelve hundred shares as soon as I was up 15 cents, took the profit, I was up 180 bucks and I did that again and again and again.
Now as the account grew, I was able to take bigger a bigger size. So by day ten, I was up to I don't know. Maybe from 500 I was I was up to like 7,000 or 8,000 on Day 45 Day 44 I broke over $100,000 So what was the difference between the hundred dollars of profit on day one and the $10,000 I made on day 26 I made $10,000 on day 26. The only difference then was that I could take bigger share size.
That was the only difference. I wasn't restricted to taking only 500 to 900 shares. I was able to take 10,000 to 15,000 That was it. That was the only difference now.
Well, there was one other difference. The other difference was that because I had built up a cushion, I felt comfortable being a little bit more aggressive. When you've got 500 600 in your account, you take the profit when you're up ten cents. but once you've built the account up to forty fifty thousand dollars, then you may not take profit when you're up ten fifteen cents, you might say. Alright, this one. the markets really strong. I'm gonna hold it and maybe we'll end up seeing a 30 40 cent winner. And you know you learn once you've been doing this for a while, when to hold it and be a little more aggressive, and when to step back.
And so in 45 days I made $100,000 from 600 bucks. So you know who here has $600 It's not a question how much money you have. Being a successful trader doesn't require a lot of money. In fact, the only thing it really requires is that you have a strategy that you have a set of rules that you follow every single day.
And what you realize is that a lot of the traders out there you know whether they're on Twitter or Facebook or YouTube or wherever they are. we're all trading pretty much a derivative of the same strategy. a variation of the same strategy. We look for volatility.
We look for momentum Mike trades a little bit differently. for me. he likes to short stocks. He likes to trade higher priced stocks, but he's still looking for volatility.
He's looking for stocks that are gonna move 5 to 10 percent a day that have potential to make these big 2, 3, 4, or 5 point moves. I'm looking for the same thing I just trained lower price stocks because that for me is how I built my account when I first started trading, that's how I built my account and even though now I've been doing it for years and years, that's what I'm really good at. Sometimes traders will say Ross You know, if you're so good at trading small caps, why don't you trade large caps or Ross if you're so good at trading, you know to the long side. why don't you trade the short side or us? why don't you start trading crypto or Forex and I kind of think of it as my instrument is.
You know, let's call it. Let's just say it's the banjo. I Play the banjo. I Play the heck out of that banjo and you're asking me why I don't play the keyboard more often or why I Don't play the drums more often.
Yes, these are different instruments. They're all very similar, but they have nuances. and just because you're really good at the banjo doesn't mean you're gonna be really good at the guitar. Yes, it's all music so you could say it's all the same Forex or stocks, futures or small caps, large caps, or small caps, long or short.
They're very similar, but there's differences and you get good at what you're good at And if you're a master of one thing, that's all you really need to have to be successful. So every single one of you right now your one strategy away from being a profitable trader. For me, it was just a matter of getting that one strategy where I was really consistent and then with that consistency followed the confidence. With the confidence came the you know the the comfort taking bigger share size and then came the bigger profits. So you know that's how it is with trading and you know for me, obviously there's been a lot of ups and downs, but at this point that 583 dollar account is that six hundred and three thousand dollars. Obviously my goal is to turn it into a million dollars, you know? And when I do I'm I'm gonna be giving myself a pat on the back and it'll be just the proof that you can become a millionaire in the market with as little as six hundred dollars, Five Hundred Eighty-three It's not about having a lot of money. It's not about having a degree in finance I don't have a degree in finance. It's not about you know, coming from a Wall Street family or working on Wall Street or whatever it is, it's just about having a strategy and set of rules and you guys were all on the placement for most of you where you're working on learning the strategy, developing the strategy.
and like I said, you know when you go on YouTube and all these other places, we're all pretty much trading a variation or a derivative of the same basic strategy. and so what you need to learn are the foundations. Obviously, that's what you know. that's what we do here more than anything as we teach.
That's because we want to help empower you guys. And you know it's been so incredible over the last year and a half as I've been growing this account. Watching some of you guys growing side by side with me, going through the classes, getting on the other side, trading profitably, making money. you know, seeing students across these big thresholds 100k, Club you know, breaking over 250,000 over 500,000 it's it's really awesome to see.
So anyways, so that's the update on where we're at with the $583 challenge. It continues: the IRA account that I've set up with Lightspeed I've moved it now from Interactive Brokers to Lightspeed. The IRA account I took money from the $583 challenge and made contributions into my IRA. So when I'm trading in the IRA that is also part of the same account so it's part of the same.
all the profits from the IRA go towards the million dollar challenge. Right now, that's what it is. it's the million our challenge. So whether I'm trading the IRA or my main account, both those profits contribute, they're going in the same direction.
And yeah, million dollars. that's the spot. But a month like this is not giving me. You know these are small days.
$900 It's it's fine. I'm happy with that. You know it's summer trading. being your own boss is what this is all about.
I'll take this the 900. but remember I made fifty eight thousand dollars in three days the first week of May. So when you've made fifty eight thousand dollars in three days, or at the end of November when I made seventy eight thousand dollars in two days, when you have those types of profits, making seven hundred eight hundred nine hundred a day is just kind of a small day and I'm happy for the profit. I'm happy to be green more than anything. but we are in a market where you got take base hits. You're getting lots of base hits. We're not getting those big big moves, we're not seeing that exuberance. and typically when we have these types of slow periods and cold periods, you know it lasts until we see a stock that really takes off.
Now last summer we we saw a lot. Rainer's I Think kind of leave the market to go trade crypto currencies because crypto currencies were so hot last summer. but this summer they're really not that hot. So I think traders will most likely stick with the market.
Some of them might end up starting to trade OTC stocks. you know we could keep those on watch. I Personally don't trade them, but you know sometimes you'll see OTC stocks come into play. Sometimes you'll see penny stocks come into play.
The thing with trading is that because we're all trading a variation of the same strategy, we're all looking for the same thing we're looking for. Volatility. We're like, you know, sharks in the market. We're looking for these opportunities.
and if you're seeing them on stocks between $3 and $7 that's where all the Sharks are gonna be. That's where everyone is trying to. you know, get a piece of the action. If that moves in, the feeding is over on stocks between 15 and 20 dollars, that's where we're gonna see the action.
Sometimes its own stocks between 30 cents and 50 cents. so right now it's not really in any particular spot. We had sei I kind of familiar GLM d yesterday higher price name hea are a little bit of a higher price name, but not seeing you know for me a really good opportunities so you know I'm okay with just grinding a little bit of profit here and there being consistent and that's kind of. You know what it's about for me right now.
So alright, today is the 106 day of the year finishing up nine hundred sixty dollars and 84 cents and that's good Now before we wrap up for today. I You know this is obviously whatever June 13th and I've been hearing. you know, crying through the grapevine that some some of the the kids are having their last days of school. you guys know I go to the chiropractor and pretty for reason.
there's there's always kids there and you know. so I hear them talking about how it's lasting school, summer break, global, blah and so it makes me think back on what it felt like. first day of summer, right? The first day is summer. you got the whole summer in front of you.
got these three months in front of you and you get to stay up late and it's just that amazing feeling of you don't have to get up early, you don't have to go into you know, school or whatever it is high school college and for me the feeling that I have is a trader that is basically that feeling of like I every single day is feels like the beginning of summer. it's it's now been almost 10 years since I worked a traditional nine-to-five job almost 10 years and the last job that I worked that was really a traditional job was when I was working in architecture and design in New York City and so for me it's like to think about that. ten years of not having to answer to a boss, not having to go into a nine-to-five job I mean it is like every single day feels like you know first day of summer I love it and I know you guys who are just getting started. A lot of you guys are feeling that way too. You know it's like once you start realizing the potential, you just get hooked. and I think for me you the days when I lost money and I'm sure some of you guys were read today. for whatever reason, even on the days when I lost money, I would just get more and more excited because I would see that. Yeah, just as quickly as I lost that 500 I could have made 500 if I was a little bit of a better trader.
So I kept motivating to me to become better and better and better. and you know now I'm now I'm where I'm at. The motivation for me to keep working despite the losses. and you know, despite the the setbacks, was that knowledge that once I get to the other side, you know every day is the first day of summer.
You know I'm not gonna have to ever go into a nine-to-five job again I won't ever have a boss again and you know and that's that's great now as I say that now I've got a team of thirty employees that work for me and you know that that call me Bob actually I asked them to call me daddy and they don't so they call me boss but you know the guy team authority that every single day they come in and they're you know they now are working a nine-to-five job and so I try to be a really good leader for them and give them a job where they're really excited to come to work every day where they don't feel like it's a nine-to-five job like the one that that I used to have that I think about as being like a nightmare of one that I would be like just so angry that I had to go to and I think we've done a good job at I Think for the most part everyone on the team is really excited to come to work and and they do love what they do and some of them are also learning how to trade because they see this opportunity. they're like wow, okay this is pretty cool. I see Ross doing it every day I Want to learn more about it? but the truth is, trading is not for everybody. Trading requires you to be willing to take some risk you know? and and that's not for everyone and I get that my wife is totally risk adverse.
She would never want to trade stocks, she just wouldn't want to do it. And there's a lot of people like that. So so I get that this is not something that's for everyone, but for people that are they've either owned their own business or have been kind of wanting to be self-employed or freelance, that kind of have that that independent streak to just want to do it yourself. This is a great opportunity being able to trade because it's one of those things that you can totally do on your own. But like anything else, it's nice to have a little bit help when you're getting started and you know that's kind of where you guys have that choice. Do you want to reinvent the wheel and try to figure this all out on your own? Or do you want to be part of a group where we're all doing this together and we're doing it as a team and where you don't have to reinvent the wheel? I can show you the strategy that I use every single day and you can start trading it in a simulator tomorrow, right? That's that's kind of the goal for me and I went through and you can see this is our trading simulator here. I Went the route of trying to reinvent the wheel mostly because when I got into the market 10 years ago, it was just very, very different. There weren't, you know, technology was different, the platforms weren't as good, access to really good information just wasn't really there.
If you want to try to figure out how to trade, you just kind of had to do it on your own through trial and error. I mean there were some people out there you know, selling courses and DVDs but you know a lot of them were you know? kind of the blue? the green screen someone you know superimposed standing in front of like oh you know, mansion or a Ferrari and you know it just felt like if you can't I just didn't feel like I could trust any of that stuff. So I went the route of trying to reinvent the wheel and it took me like two years of trial and error. and reality is right now.
If a hundred of you guys say I'm gonna try to figure this out on my own, 90 of you will fail. Ten of you will succeed, only five of you will be making enough, might actually quit your job, and the five of you then make enough, might actually quit your job. You're gonna be trading a strategy almost the same as mine anyways. you just had to take this really really long path to figure out that the stocks to trade every single day are the ones that can move 20 to 30 percent and the pullbacks are the best entries.
And if this is the place we get in, this is where we set our stops. So it's like you know that you take that path that really long kind of path or you know you can learn the strategy of that trade every day. And so that's kind of where you guys have that choice. But you know, if you guys some of you relate more to Mike's strategy.
You like trading the large cash and that's okay. You know one of the things that we talked about is that trader profile. Are you A? You know, a trader trying to build a small account? Are you a traitor who's trading with retirement? You know a retirement account and you got to be more conservative? Are you focused on you know, taking lots of trades every day? Or do you want to just take one to three trades a day? You know it's there's. There's some variations there, but at the end of the day, we're all trading in a very similar way. It's just kind of adjusting for your risk tolerance and stuff like that. So anyways, a little bit of a longer mid-day recap here for today, but some of those questions on YouTube got me thinking. So if you're watching on YouTube you're watching on Facebook throw other questions down there below and I'll come back and answer them and maybe it'll get me inspired for something. I'll say tomorrow or Friday Alright, so that's it for me.
I Hope you guys have a great afternoon. We'll be back at it first thing tomorrow morning around 9:00 9:15 for pre market analysis. Alright, I'll see you guys in the morning. Oh hey, I didn't see you there.
Well I was just working on the dream board for my next home run trade. Hopefully it comes soon. Until then, make sure you subscribe to get email alerts any time I Go live or upload new videos. Until then.
Happy surfing!.
Cool
How old are you Ross? 🙂
Ross, I really enjoy your pre-market analysis, and your mid-day market recaps. I've watched a ton of all your free content on youtube and I have been in two webinars. I love what you have taught me already without having to join the Warrior Pro Course, and I can only imagine how much I could learn if I enrolled. I am a school teacher so I am on that summer vacation that you talked about in this video. I also have a lot of security and great benefits in my job as a teacher. Trading is going to be an additional profession and source of income to my teaching career, as I couldn't imagine not teaching HS PE for 10-15 more years. Although I am only simulation trading right now through TDAmeritrade, I so look forward to every morning of trading, and learning something new, and hopefully staying green. I know I will join your course at some point when I can really afford it, but for now I will continue watching all your free content and trying to pick up as much as I can through simulation trading. Thank you for everything you have taught me thus far and I look forward to more from you everyday.
Imagine when you were down to the last amount of money you were willing to lose to trading. If you lost it, what would you have done? Trading is addictive. When do you call it quits?
Ross thank you some much for being so relatable. You give me confidence that I can be a day trader.
did you start with suretrader web or pro why did they take from your 7000
If it ain't Broke don't fix it.
Thank Ross for all this trading recaps I watch every single one everyday.
You inspired me to start with a 1,000 dollar account and grow it to 100k that is my goal.
I am not a Warrior Trading Student but I will in the future when I build this account. You the best
Strange that it reminds me of Kenny Rogers' song "The Gambler", Know when to walk away and know when to run.
Great videos Ross! I am excited to Trade $TLGT (FDA Approval After Hours) with you tomorrow in the chatroom..
happy for you
Hey Ross, do you have a direct contact available. Its regarding to possible opportunities that might be worth exploring!
Excellent recap Ross. I don't even TV anymore… I come home from work everyday and the first thing I turn on is your daily recap. I can't wait to quit my 9-5… I don't even look forward to it every morning. I only go to work because I'm not good at trading (yet) but I'm learning everyday and trading the SIM everyday. End goal is to quit the day job and be a trader like you.
Hey Ross, is your Warrior Trading Pro course all videos? Or is it PDF books as well?
Ross… Absolutely amazing. I just realized that you were an Architect. I am on the same path used to work as an Architect and now learning how to trade after quitting my job. Part of it that architects are usually good with computers and trading requires knowledge of technology and being very familiar with computers. I hope I can be a successful trader like you.
Ross I love hearing your story. I've been at it for a year now with WT and am almoooosttttt there… I can feel it. Thanks for all you and the team do!
Hi ross, you doing really good job green is good losing is part of the game. Could you please tell me what is the best broker that I can start with who accept 500 dollar to open an account thank you so very much .
Very insightful, motivational and yet also really relaxing to watch video Ross, nice, thanks.
I used to play a lot of Blackjack in Vegas. I once had a streak of 11 hands lost in a row, playing perfect basic strategy. It does happen. You can only Martingale (double your bet) so many times before you get stopped out by table limits.
I'll call you daddy if you float me a 25k starter account Ross!
'
Great recap video!
Thanks for all your hard work making these videos everyday.
you perdicted this type of flow ross lol ebb and flood
Hi I'm new to the game and I definitely would love to sell and buy, sell and buy, but I'm restricted. Can you recommend an offshore broker?
Your strategy of doubling after lose is called martingale which is only applicable when a table has no limit. But nowadays all games have rules to restrict this. For example, a $15 dollar table typically has a table limit of $1000. A $50 dollar table has a limit of $5000 which only gives you 6 runs of doubling before you hit the limit. And everyone knows it is quite easy to lose 6 hands in a role. In addition, this method does not include variations eg splitting pairs or doubling down on 10/11. So, please do not advocate for this strategy playing BJ. Only way to beat the house is card counting. Picking good games with Good penetrations good rules and adhere to whatever system you are using, be it hi-low or hi-opt 2 etc
Ross:
Please Help!!!
Watching what you have been doing and posting. I am interested in learning more. I’m unsure how to go about the next step. What program or class is right for me.
SEII taketh away and then giveth. After that first pull back and going into the hole I was like crap, but the stock gave back.
I did pretty good on SEII this morning but as usual TOS wouldn't let me sell at any price above break even or loss using mkt. Same thing with GLMD, was up thousands and unable to sell. It doesn't bother me because I know I'm getting good entries and trying to exit before it even starts trying to pull back. Adding as it rises and trying to scale out too. It's frustrating when the platform won't cooperate though. lol
We call this being on tilt.
Great video again Ross! Thanks
Thanks for the tip, Ross. My equity is quite small. I'm going to get 10-15 cents and bounce. Congrats on your 10 years of freedom!
Congrats on leaving that 9-5 a deca ago. Keep trading!!!
Hey Ross, today i got burned and i was wondering if you could tell me why. Today a stock was stuck before gaining some momentum (not going up or down). For example, a stock is trading at 5.50(ask price) and the spread is 0.01 with a Bid price of 5.52. The trades were sitting at 420 sellers with a total of 13 buyers but the stock went up (i was set for a short). Why did it go up instead of down with more sellers then buyers? Doesn't this work aginst supply and demand in this case?
Ross, love your work and I appreciate how hard you work for us as well. Thank you for being a lighthouse for ships trying to find their way.