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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
Alright guys, so here we are: Day 34 of the Hundred Thousand Dollar Challenge and you'd be hard-pressed to try to wipe this smile off my face as I'm finishing the day with eight Thousand and Fifty Three dollars. So a great day this is, you know. I'm on a little bit of a hot streak here. We've had a couple of really good days of trading yesterday.
made $2,600 today's eight thousand last week I made around twenty thousand. So right now I'm up sixty-nine thousand dollars on the month of February which is my best month ever I mean by a lot. It's pretty ridiculous. and I'm up a hundred and eleven thousand dollars on the year in my small account.
my quote: small account I will be closing today with about seventy seven thousand dollars in total equity versus five Hundred and Fifty Three or five hundred and eighty three dollars and fifteen cents on January 1st. So you know, obviously this has been a pretty pretty impressive 34 days of trading. I've had some some good luck I've also been willing to take on a lot of risk and you know that's you don't get these kinds of gains without taking risk and so you have to realize that regardless of who you're looking at, if someone says they made like a huge return, you have to take that with a grain of salt because you have to risk a lot to make a lot. I Was trading with leverage using my margin using the buying power and that positioned me potentially on a really bad trade to go into debt to my broker.
So you know this type of return you have to realize is measured against high risk, but the risk to reward ratio is there, and that's why I've been able to get to where I'm at right now. So in the last thirty four days, I've been trading with just about 81% accuracy. average hold time is nine minutes long, and my best day of the week has been Mondays and Thursdays So it's been. You know it's really been quite a quite run despite having a few red days.
Now you know I've had a couple of really bad days. In fact, this year I've made over $200,000 in winners and given back 90,000 in losses. Which puts me around, you know, 110,000 in total gains. So it's definitely been a little bit.
You know of a more volatile start to the year certainly than last year, and it's the result of me being more aggressive. Now something I talked about a little bit yesterday was the fact that this year I decide to do this small account challenge you know I wanted to start with a smaller amount of money than I've ever seen someone else start with and I did a thousand dollars last year and I wanted to go even even smaller than that. so I planned the start was 700 but then there were fees that were taken out of my account because I funded it in December but it didn't start trading in January so I got an inactivity fee or something like that for January so started gin or for February or for December sorry So I started January 1st with $583 and I figured well this is about as small of account as you could possibly have with sure trader I guess I could have started with 500 even but I wanted to really challenge myself and to see if it was possible to grow and account that small. When I started the challenge I told myself that the goal for 2017 would be $100,000 to take that $500 account and turn it into 100 grand and I knew that as soon as I reached 25 or 26,000 and I could open an account with speech rate or that from there I'd really be in the clear and it would be. It would be smooth sailing. I would just be able to you know, continue making twenty thirty thousand dollars a month and you know by the point I got there would probably only take a couple more months to reach 100 100 thousand. What I didn't know is how long it would take for me to grow the account and I think I got a little bit lucky that in the first week I had several back-to-back winners I actually had green trades I think for like the first 10 days of the small account challenge which well you know it was a combination of luck and a combination of just strong markets. And you know risk management taking small profits when I had them.
and that's kind of what you have to do when you're trying to build a small account. You know you think of the market and you're kind of like shaving off. you know, little pieces of you know of wood or something like that. It's a little a little clip here, a little bit there, a little bit there, and next thing you know you've got a pile and every now and then you go in for a small piece and a big piece breaks off and you're like oh hey, that's great I just got a big winner.
Throw it in the pile and then once you start to build up this cushion now you can start to be a little bit more aggressive. You know you can start to go in for a bigger piece and if it doesn't work, it's okay because you've you've already got something started, you know? And that's kind of the way I look at building a small account. you know, just taking a little piece, a little peaceful piece, and then starting to really really step up. What has surprised me has been my ability to just kind of blow through the ceilings that I used to hold on myself.
In terms of share size, it was very rare last year for me to take more than 10 or 15,000 shares. Very rare I mean I think I I Don't know how many times I took 10 or 15,000 shares, but it wasn't on a daily basis. and now I'm doing it on a daily basis where I take 10 15,000 shares or even 20 thousand shares on a momentum trade I Think that you know at first I was nervous about doing that because I realized that obviously the losses would be bigger and they have been my worst day this year I was down $13,000 but you know then you've got the winners on the other side that make up for it. So it's really just a matter of can you handle looking at your account on a day when you're down $10,000 or $13,000 And you know because that's you have to be able to do that if you want to be able to look at your account on a day when you're up $22,000 which is my best day of the year so far. So these are big numbers and the result of taking really big sighs: I'm up $8,000 today on three names, four trades total and on the first trade, it took eighteen thousand shares, Second traded took fifteen thousand, Third traded took six thousand, Fourth traded took two thousand. so you know I stepped up to the plate. I took big size. For the most part, you know it worked out well.
I was green on three out of the four trades and you know this is the result, but at The same time, if I had lost right away on any of those first two trades with 15,000 shares, either of them I would have easily been down 1,500 3,000 or maybe even $4,500 But is it good risk reward to risk 4,500 for the potential to make 8,000 right? And the answer is yes, it's a two to one profit loss ratio if you do that and you're right 50% of the time you make money with it with a two-to-one profit loss ratio. If you're right 33 percent of the time, your break even before commissions. So you know if I can be right 55 60 percent of time I'm going to do well this year. So far, I've been right 81 percent of the time.
So I know that I can risk take big risk for big reward If I want to risk 5,000 to make 10,000 and I want to do that on every single trade, statistically, I will do well. The only limit really in this scenario is the fact that I cannot buy 50,000 shares of some of these stocks I probably could have of MBO tea today M as in Mary BMB ot but I wouldn't have been able to on KBS F So there's some liquidity issues in the market and that's going to put a new ceiling on how much size I can take because if I wanted to buy 50,000 shares of KBS f Yeah, you know and I put out a market order I mean I would probably fill 50 cents or 60 cents higher and that would be like twenty five. thirty thousand dollars in slippage. which is unacceptable.
So there is a limit. but I think one of the things that's really good for every trader to do as like sort of as a person is to test your your personal limits. and I think that we often when we're on the edge of our limit, that's when we can have the most fun. You know that's when we can be the most aggressive.
we can kind get outside our comfort zone and we can learn about ourselves. And that's sort of what's happened to me. I've realized that I can handle losing $13,000 in a day and bounce back the next day like it didn't even happen. I can make $22,000 in a day and then bounce back the next day.
You know, with a pretty much fresh slate. you know, not just very focused on what I'm doing today. it takes I suppose years of experience to be able to get to that point, but you know if you just sort of move the decimal and maybe for one of our beginner traders, today is an $800 day and that's a really good day and that's totally fine. Instead of taking 15,000 shares, maybe you're taking 1500 and that's totally fine. So what I've learned is that this strategy has scaled well from my average positions last year to my average positions this year. Being more aggressive has increased my profits. And yes, I've had bigger losses, but I've had bigger profits also and the net is very much positive. This month, I'm looking at you know, breaking 70,000 I mean we've got how many more days in the month we have.
We have one, two, three, four more days in the month of February and I'm at 69 thousand right now. So yeah, I mean I'll hopefully break 70 maybe tomorrow and get up towards 75. I don't know. We'll see you know right now I know that I'm about $23,000 away from a hundred grand.
so that's the you know that's kind of the the line in the sand. And one of the things that I also mentioned yesterday is the fact that I've read that very successful people set short-term goals that are really easy to achieve because it keeps you running right? Like if you're you know the the bunny rabbit. You've got the carrot just Daniel in front of you. you're you're running cuz it's just within reach and you just keep trying to grab it.
And for me, I've kind of, you know, used that same technique with my trading account I keep setting short-term very easy goals, realistic goals and then I keep working as hard as I can to hit to get to that goal and then I get there and then I put the goal just a little bit further ahead. a little further a little further and they keep doing that. Next thing you know, all those little shavings you know have added up to this big pile right now. it's seventy seven thousand dollars and I'm going to keep doing this until I get to a hundred and then when I get to a hundred, it's going to be.
you know, 100 and 125, 150, 175, 200 I don't see any reason to to stop. I'm gonna see I'm just gonna keep doing this and try to have the best year that I've ever had. And it's starting right now with a hundred and eleven thousand dollars in seven weeks. So you know that puts me obviously in really good shape for the year.
but I'm not going to I'm not gonna set anything in stone. You know if I say well, I want to make six hundred thousand this year? or you know, I want to make a million dollars by the end of next year. Those goals are too far away so you don't really have that same motivation to get there because it's so far away. These short-term goals stay focused on that.
That'll get me, you know, Really driven, really motivated and keep my head down. Keep hustle and keep working. And next thing I know, maybe I'll be at 250 on the on the year or 300 or 350. or you know, maybe a year from now, albeit 750 or $800,000 I Don't know.
but if I keep focused on short-term goals I think that's really the best approach. All right. So would that said, we can go over the trades for today: I Had no idea that today was going to be a big Green Day I Just came in to the market the same as I do any other day. First trade of the day was MB ot. Now this one was kind of interesting because it looked so good pre market. Actually this wasn't my first trade of the day, but this was the one that I was looking at and I see BCL eye popping up here on the hide. a scanner looks like it's getting a little bit of a parabolic move on the daily chart. I'm going to wait on that one I'm not going to do a trade on it, but in any case, on MBO t So this one I was touching a pre-market 650 and I was thinking this looks great We've got some nice, you know, kind of consolidation underneath the half-dollar we know and I'm just going to write this down I Want to make a note to add this to one of our classes.
You know that consolidation under the half-dollar So if this had opened I would have absolutely been a buyer over 650. A hundred percent problem is, we moved up to seven dollars right at 9:20 and then we moved up to 7:15 at 9:25 So by the time the bell was ringing, we were already pretty extended and I said you know what Ross don't chase this. the last time you chase stocks that were really extended pre-market you you know took a bath and you lost a bunch of money. so let's just wait.
sway for the first five minutes set up. don't push it I Was thinking about getting in as soon as the bell rang, getting in for a break of 7:15 and let's just say if I had done that well I guess it would have worked because we went from 7:15 up to 750 and up to 774 so it would have worked and I did that same thing yesterday on Apop. Took 5,000 shares as soon as the bell rang and it popped up 50 cents. Fairly predictable, but a very short window of opportunity and you had to be quick quick, in, quick out.
so on this one I felt a little unsure because it was much more extended than Apop was yesterday and so I waited. it pulls back and solid eights and so I'm like all right Well while this is doing its thing, I'm gonna look for something else and here we have on the hide a scanner inap hitting it 205, 210 to 237 to 4261 and I said alright well look at this thing, this is really getting some action. So I jumped in this let's pull this back 15,000 shares and I added at 260. Now right on this candle, we had a high of 264 and then we pulled back just for a second down to 252 and as we came back up and broke through that level, that's when I added and I got my average that I think to 68 I got a little bit of slippage.
15,000 shares is a big order, but when I look at this I was like look, this is a stock that squeezed up right now. It's got a bigger flow than usual, but it's got the volume 53-million share float but it's up 46 43 % and the volume is spiking I'm gonna jump in I'm gonna ride the momentum. The daily chart looks great and you know So I stepped up to the plate and I got aggressive. It squeezed up to a high of 303 and then it was halted on a circuit breaker. This is a stock that just squeezed up a hundred percent from two dollars. Actually, no, that's not quite a hundred percent. It squeezed up from 187 to 303. so in any case, a pretty big percentage gain 55 67 percent and then it's halted.
halted at 303 now. I Usually when I get into a stock that's squeezing up that much and it halts, they open higher and I was thinking with 15,000 shares at 268, if this opens at 325 and squeezes up to 350, this could be a $15,000 winner. I mean it had that potential right? So when I first got in this trade at 260, my stop was 250. Mental stop at 250.
So I was risking about 15 bout 15 cents maybe a little bit more versus my average of 268. So the risk was about $3,000 Now the profit potential if this had really opened up was $10,000 easily 15,000 potentially. We ended up opening lower which is kind of surprising. We opened at 276 and as we came up here I added expecting that we would break over 303 and that we would go too high a day, but I only added it was either a thousand or 2,000 shares and we didn't get that break and then we came back down and on this one I stopped out quickly so I stopped out with a total of only 13 cents of profit.
I made eighteen hundred and ninety dollars so you know not bad but obviously not what I had wanted and this didn't quite match up to the level of risk I was taking on the trade, but it was a green trade so you know was going for a bigger piece but got a small piece on this one and this is relatively small. I'm eighteen hundred dollars I'm for a lot of people would probably be a big trade but the way I've been trading right now, this is kind of a small trade, so small. winner on on Inap and then I'm at the same time watching MP sorry MB ot and I see that it's active. it's really volatile.
it's moving a lot so I'm like okay I want to get a piece of this I just have to think about how I can manage my risk. So I said on this one I need to wait for a five-minute setup I can't chase it. This is ridiculously strong, but I can't chase it into this squeeze here up to 875 I need to get a pullback. So let's my.
entry on this one was right around nine to forty to do. alright. so 9:40 let's see, where's this right in here now? I'm okay. so I took two trades on this one.
The first trade I took was a scalp entry at right here after we got this pullback. this little red candle a scalp entry for the break of the new highs and my entry was seven sixty. So actually that if we pull this back here I had this candle close so we have the first five-minute candle close and the second five-minute candle close. The second five-minute candle had a high of 769 and that's when I decided to jump in.
Now on this one I was being aggressive and I thought it was just gonna take off I really did I ended up popping up to a high of 795 and then dropping down to 775 and on this one I got in and I kept adding so I got in and then I added for the break over eight dollars. The problem is that gave me a higher cost basis. my average went up. so even though we popped here up to 819, you know my average was higher and I didn't sell I was holding. ended up coming down here all the way back to 785 and I went from being up you know, thirty cents to just above breakeven but with 15,000 shares and so that's when I said alright, you know what? I just got to get out of the way I don't want this to go red on me I don't want to get twenty thirty cents of slippage with big-sized I'm just going to get out and so I sold and took the proud. It only averaged 13 cents so even though I held it through a big push up and then a pullback, you know I wasn't able to get as big of a win as I wanted and then a course just after I get out here on this dip it ends up going up to 869. so I was I was a little frustrated I was a little annoyed with that, but you know it is what it is. I I think I did the right thing by preventing a big position from going deep-red against me.
and you know we did get an exit indicator on the one minute it broke over the whole dollar And then came back below it. That's usually not something we like to see and at the same time it was very extended on the one-minute Now at this point we continue to squeeze up and we get 11 consecutive green candles and I finally say okay I need a five-minute pullback for my next opportunity. So we get a 5-minute pull back and then what's very interesting is that right here at 10:04 which is on this red candle, we pull back and then we get the first candle to make a new high as it broke 865 and went up to a high of 867. Now I didn't buy here Okay I didn't buy here because this consolidation was too extended above the nine moving average.
We didn't come down and test it. we were floating way up above it and I said I think this looks like a trap I think it's gonna pop up here and then sell off and that's what it did. It popped up to 867 and then drop down to a low of 813. So imagine they're a beginner trader who's trying to be as aggressive as me and takes 15,000 shares here.
Let's say at 8:55 for the break of the first candle to make a new high and then in this candle loses $0.50 you know that's a $7,500 loss. This is the type of place where a lot of beginner traders will get you know, hammered because they're getting in there a little too eager and they don't have the experience to realize this is not yet really a clean pullback. So I waited on that it didn't get in consolidation consolidation and then I decided to finally get back in. Let's see my final entry on MB Ot was it 10:50 so I see it popping up here but at this point I didn't really trust it ended up going up higher. Kind of felt a little annoyed that I missed it. pulling back here, consolidating and I decided on my final entry that I would get in right around. Let's see it was right on this candle here as we popped up to a high of 960 and I got in at 950 I thought as this broke over 950 right on this candle here that that would be enough to bring us back to high of day up to the highs of 975 and I was wrong I took only 2,000 shares because I really wasn't sure I'd I wasn't sure and I ended up losing only 10 cents $200 loss. so not a big deal of course you know, consolidated for a little bit and then ended up popping up towards 10 but finding some resistance at that level and now pulling back.
So overall MB ot a stock that went from 650 to $10 I was only able to capture 1700 dollars in that whole move, you know, Right out of the gates it got extended. The first pullback was a little choppy with this false break and then it pulled back and then it did a proper move. This would have been a good one for scalping on the one-minute chart if you were willing to get in and get out really quickly. but when I was trying to find five-minute entries, I just wasn't really getting them and the one-minute entries that I took weren't solid.
so a little a little bit of a tricky stock. now. in the meantime, while M BOC was doing this consolidation, KBS eff started popping up and this is a stock that we've traded in the past. I saw it pop up and I said well, you know it looks great but it just went from $6 to 850.
By the time I saw it, it was at $8 and then it squeezed up to a high of 870. So I was like okay, well that's fine but I can't trade that so I'm just gonna wait I put it on another monitor while I'm watching em be ot and then I see it consolidating. All right. So at this point, right here, this was around 10:30 We've got a little bit of a bull flag forming right? We've got one, two, three candles of pullback.
I Said at this point, the first candle to make a new high is gonna be my entry. That's the spot that I'm watching right now. So first candle to make a new high and so what I decided to do was be a little bit more aggressive on this I started with twenty five hundred shares at seven sorry at 815 I added another I tried to add another five thousand at 850 and I only filled about four thousand I had a total position of right around sixty two hundred or something like that and my average was five sorry 828 right around here. Eight, Eight, twenty Three or something like that.
So average round here and then we pop up through 850 all the way up to Nine Thirty Nine with 6000 shares. So on that trade we got the pop and I'll just pull back here to the one minute. so we get the pop up to nine, pull back down to eight 53. First candle to make a new high gives us that pop up to eight up to nine 39.
A little bit of a pull back up to Nine thirty I put my order out right here to try to sell on the ask at 9:37 I didn't get filled I ended up stopping out right around nine dollars so I got out around 9:00 9:05 902 I think I sold some a little bit higher and in total on that trade even with only six thousand shares, I made four thousand, seven hundred and forty six dollars. So that was by far the cleanest trade of the day on a very clean 5-minute setup. Obviously, if Kb/s at RMB Ot had given me this quality set up, I would have been willing to jump in with 15,000 shares. I didn't want to take that sighs on KBS F because the spreads were bigger so I knew I was risking more as soon as I got into the trade. but once it started to work then I felt comfortable adding. so I started with 2500 and then added once I was in the profit zone for a moment there I was a little nervous because the spreads opened up just after I got in and it looked let's see on this candle we went up to a high of eight Ninety seven and we drop down. let's see enclosed right around 860. So I was like all right, Well you know this This might be a little bit of an issue, but I've got a pretty good cost basis, so I'll give it a second let the first one minute pullback happen and then more traders, more buyers came in here as we got that squeezed up to 939.
So overall a solid trade. I was also mindful on the daily chart that it was approaching the 200 moving average right here at 1064, so I was not super interested in taking the second pullback right here even though it ended up working out fairly well. I mean it pulled back now, but it was okay. Alright, so those are the trades from today: A little over eight thousand dollars in profit.
I'll close today with about seventy seven thousand in my account, so that's where I'll start tomorrow morning. Alright, so what I'll do is answer some questions for folks both on Facebook and in the chatroom. I'll upload this video to YouTube a little bit later this afternoon. So David you're asking: how do I sell on the ask? Selling on the ask is pretty easy.
All I do is press my hockey ctrl K Ctrl L and Ctrl semicolon all put shares on the ask price so that's what I do to sell on the ask. The review of - trading platform is in class I think it's class 12 of the day trade course I Go into the platform I show you exactly how to set everything up including my hotkeys. The statistics that I'm getting for my for my trading is imported exported for my broker and then import it into Trader view and that's where I have everything. So Trader View it's V II Sorry Vu II when I see a stock moving up like Inap I Check the news I Go and check Market Watch to see what the headline is.
So Market Watch is a pretty good because they have you know anything that's indicated for the most part is going to be posted there I Use limit orders for all trades I don't use buy stop orders and I rarely use stop orders. no they didn't really charge much when I withdrew my money from Sure Trader I think it was a fifty dollar wiring fee so hose that yeah to talk a little bit about the spreads you know obviously on. KBS F spreads are a little bit more of an issue when they were opening up to 20 cents. and generally when a stock has bigger spreads like that I start with smaller size and I make sure that I'm trading a really, really good-quality set up and this was a really good, good quality 5-minute set up I mean it was solid so this was the right entry. I Had faith in it I had confidence in it and it worked out really well. So make sure you trade the best setups and usually sizing down on big spread stocks. I'm charting on E signal and trading in Speed Trader. Now to get a list of the stocks that are restricted in Sure Trader.
There's a little red envelope in the bottom right hand corner and you can click on that and it'll see you'll see the list. David I Think bracket orders are fine I Just I Haven't figured out how to script them in - Trader so you know I think they're fine if you want to use them I Think it's the advantage is that you automatically put out a stop so you help manage your risk on every trade. I Don't think that's a bad thing at all. Raffaele Control semicolon is the other one and those are the hotkeys that I have on on speech.
Raider Christina The halts are. for the most part, we find out about the halts because we're trading a stock that just got halted you know, or because we're looking at stock that's hitting the hide a scanner and then we pull up, pull it up and we see that it's halted. So usually stocks when they get halted, you'll get a little P for positivity. pause on the level two and you'll see that the level two is not moving.
so that indicates that it's halted. And usually if you just ask in the room, someone will say yep, it's halted on a circuit breaker I Don't use a route specifically where Hfts couldn't you know, cut in front of me or do stuff like that I don't know for a fact that they don't You know if that may vary broker to broker I'm not totally sure on the answer to that question. David Yeah, I'm SpeedTree I'm trading on a speed trader. Usually if a stock moves up ten percent in the last minute or two minutes, it'll get halted.
I think Nasdaq Total view is good because I it seems to have more market depth than sometimes just like the regional quotes. So I I seem to prefer it. And yes, when I started this challenge at Sure Trader I had six times leverage so my $500 deposit gave me a little over three thousand dollars in total buying power. And that's how I was able to grow the accounts so quickly.
But obviously you know, doing that carried risk because if I lost more than five hundred, I'd be in debt to the broker Alejandra. What I meant was that every time I press the Buy button, I'll get charged commission. so if I press it three times, that's three commissions. If I press it once and the broker fills it in five increments, well, it's still just one. Commission Jocelyn I just used Nasdaq told of You and you know I like East signal charts. But thinkorswim charts are also really good. So a lot of students use thinkorswim for charting and I think that's totally fine. It's kind of a personal preference to a certain extent because they're both good platforms and TC 2000 is also really good.
And Vladimir now I don't trade options, but Jeff does and he's in the room. When a stock goes against me, you know I'm not always as quick as I should be with selling. I mean sometimes I really just seem to hold and look at it and try to decide. You know whether that's a momentary dip and it's going to go back up or if it's really a an indicator that this is done I've got to get out and I'm especially hesitant when I have a really big position and I know that my that slippage is going to make the loss even worse.
you know I really want to make sure that I'm giving it the full chance so you know that kind of slows me down a little bit. But as long as I focus on really good quality setups I think that I'll hopefully be able to avoid those situations you know this year with 81 percent accuracy. For the most part, the situations where I'm in a trade and it just totally tanks are fairly rare. I mean even if I'm losing 18 19 percent of the time, those losses are not all situations where it tanks, some of them are just trades that are kind of sideways and I take a small loss on yeah.
Charles So at the beginning of the challenge, I was only trading stocks between three and six dollars and then since then I've been able to branch out a little bit more. John I Don't have a mobile app for trading, but I have my broker's phone number on my favorites so I can just dial them real quick and a me students get discounts with speech Raider right? Just because you're with warrior trading, you get a discount, a dollar per share or a dollar per trade and then you get an additional dollar per trade if you're a warrior pro student and that brings you down to 295 per trade. Yeah! David Generally a one-minute red candle is going to be an exit indicator if I'm in on the 1-minute chart. Unless I'm up a lot.
you know. Like with K BSF We had a red candle here, but I was entering on the 5-minute time frame so I was like that's okay I can hold through one red candle because I'm still up and I'm basing this on a 5 minute time frame. Speed Trainer: sorry sure trader doesn't give you margin on stocks below $3 when a stock is going against me. I Sell on the bid, almost always on the bid.
Alright guys, so with that, I will let you guys go enjoy the lunch hour and we'll regroup first thing tomorrow morning. We'll do the pre market watch list right around 9:00 a.m. Get ready for the open at 9:30 Hopefully we'll have a will have a good day on Thursday and a good day. Friday It's a short week, but so far you know seems like a pretty good week. I'm up about a little over ten thousand five hundred dollars on the week so we'll keep that hopefully momentum going into Thursday and Friday. All right guys, any comments or questions you guys can leave them on the YouTube or Facebook channels. All right. I'll see you guys soon.
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Thanks so much Ross!
Hi Ross, you said you use Limit orders only. But how do you make sure, that you dont miss the train in a fast market. Much thanks!
wow that is awesome! congratulations! this video is so inspirational but then again on the other hand its gonna put a whole lotta people in the hole lol
So how do u sell 15.000 shares? i barely can sell 1-2k and .
Hi,
which trading platform do you use? Plus do you have any website to learn trading?
Hey why did KBS Fashion Group Limited and INAP go up there's no news….
Ross about what percent did you lose in fees once you transferred your funds out of suretrader?
I have a real question that how you fill in your form 8849 with some many transactions? Will you do by yourself or some software can do it?
Am I the only one who watches Ross in slow mo 0.5 speed because I can't keep up sometimes and I want to make sure I don't miss stuff? Lol he sounds so drunk when I do this.
Wow Ross, crazy gains!
Man! You are a hero.
I use IB, can I have the same scanner filter as trade-idea? you have 50 and 200 day moving avg on your chart right?
Why didn't your software show you OWCP
Have you been trading these live on your chat?
so not in regards to this video, but in others where you lost 8k, are you not following your strict stop loss rules? I don't see how you'd lose that much unless you are hoping for a big bounce and not getting stopped out.
Galt stock went from 1.94to $1.70seen on my new scanner I haven't sent my info in scanner yet, I was little late but I saw big push from $1.71 to $2.10 it was beautiful, I thought of you ross, I need to focus on those set ups also I'm a work in progress lol the negative side has around 30 million floats then stock went back down I did see it had trouble break $2.10 and went back to $1.70 and way to go ross on making money, I got next lol
Is Robinhood a good place to start trading for a beginner?
So sick!! Glad to hear your gains. Hopefully I will be at your level in years to come.
hey ross, quick question!! is there any way to get live premarket charts for free? is it only included with certain brokers? is level 2 the same way? Great content as always!!
How can yo set a stop-loss and also scale out of your position at the same time?
are there any programs you have that help us find stocks to trade, all I know is that I need to look for a stock with a certain amount of shares a certain amount of liquidity and volatility and it's up on the day + volume and I just use scanners from thinkorswim to do that I've watched your videos on risk management and how all your emotions can over take your trades and other common terminology, but I still don't see how you find these particular stocks, it's what I struggle with most. I have $5,000 ready to start investing and I'm really eager I just can't seem to find anyone to help find me stocks with scanners
Can anyone explain why Ross only bought stocks between 3-6 dollars when he started? I understand the reason that it needs to be over 3 for the leverage, but as for the 6, I don't understand. I'm wondering if this has something to do with my $8.51 trade being rejected today because "not enough buying power", even though I recently updated it and I had enough. Thank you.
Hi ross quick question! had MBOT stayed beneath 6.50 when you say "at market open id be a buyer over 6.50" does that mean right at market open you are putting in an order for 6.51? or are you potentially waiting for a pattern or some flag to occur first? Thanks in advance I love these recap they are EXTREMELY helpful and are very appreciated!!
Excellent Info Great Video's what is the minimum to open a short trader account. what is the Company name to open short trader account… FCC requires 25,0000 Minimum to open a day trading account.. thank you in advance..
So you can teach all this?You think your offer is better than Tim Syks?
And I am from Europe does this changes anything or it doesn't matter where are you from ???
Your videos really give me a lot of motivation as a new trader! So far it's been a rough ride but I'm learning as much as possible from your page. Thanks for all your words of wisdom and keep growing that account!
How does one Trade when you're in a different Timezone to NY and at work? by the time I get home it's like what's the point, I've missed all the action.
make a goal to make 1mill profit in a single trade ;P
lol
My questions are, do you have margin on Speed Trader, and if so are you using it?
Also thank you for all your help and information
i'm glad you are having a hot streak, i started with a 2,000 dollar account and am now at 650 dollars left. i've watched all your videos.