Watch the full episode here and learn how to trade stocks with big spreads: https://youtu.be/OLvNqb3-xnY
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🍏 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.
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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/📈
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/
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Ross You don't talk in terms of percentages. You know you're always talking about how much you made. You're up. Three thousand dollars.
Five thousand, Twenty thousand. Whatever it is. What is that in percent? you know how much money did you put into the trade, how much of your account did you put into the position? and I don't talk about it like that because I don't think about it like that at all. I'm always thinking about this.
These trades in cents per share. Why is that? It's just the way I think a lot of Traders think uh day Traders like myself. So if I buy a stock, I'm thinking about quantity of let's say 5 000 shares. Let's say 10 000 shares.
To keep it simple, So if I make 15 cents a share, that's fifteen hundred bucks, right? That math is easy. 1500 bucks is the same. 15 cents whether I got it on a three dollar stock and you know that's a five percent return or I got on a thirty dollar stock and it's only a one. If one percent return or whatever less than one percent return, it doesn't really matter.
Fifteen cents is 15 cents. That's the way. I Think about it.
Double up every day 😊
That's interesting I only think in terms of percentages 💰🧐
I truly appreciate your expertise, Russ. By the way, the 2-week trial is fantastic. 👍 Thank you for offering it.
Right, forget percentages, it's much more "open". I guess if you are a mathematics genius you'll speak in percentages. Thanks Ross.
thats all i think about and i ignore the actually amout of money.. espeically when building to that 25k. every trade im up 5-10% I take profit. then the next trade and so on.. I only look at percentage.. maybe that why im here and your on top the world.😂
I get what you're saying, but that still leaves the person asking the question in a fog. You say I want 10-15 cents. On a $3 stock that's 3-5%. on a $20 stock that's .5-.75%, which is why he is asking the question. My way around that is to listen to how many shares you buy, then manually calculate the amount of the trade, take the profit you bag and calculate the % profit myself. But of course this takes effort and no one wants to put in the work. (I made this comment before you basically said the same thing, however there is still a big difference in how you trade to take a .5% profit vs a 5% profit.) You can get .5% within seconds. It will take several minutes most of the time to get 5%, although you can get it in 2 seconds on occasion. $1500 profit is not $1500 profit. Are you risking $10K or 200K to make $1500? Still a big difference.
Most traders are small accounts and when they see big profits they think they are a failure but infact someone puts 10k in a trade and makes 1000 vs one puts 100 and makes 10 , both are same . Money makes money . Percentage helps with knowing real performance
People are curious about the percentages because it helps to give an idea of what kind of gains might be possible for us if we took the same trades as you. For example, if you say you made 4,000 on one trade, if your position size was around 100,000 dollars, that is a 4% ROI which is very respectable, but not the same as if you made that same 4,000 while only with a position size of 10,000 (a 40% ROI).
Also, especially people with a smaller account, cannot buy a lot of shares at $30/share, so it's going to be a big difference making 15 cents per share on a $30 stock vs. a $1 stock. If someone can only purchase a $5,000 position, they are only going to make 25 dollars on a $30 stock that goes up 15 cents, but they would make $750 on a $1 stock .
No problem , though, and you often tell us about your position size and stock price, so in that case, we can do the approximate calculations on our own. You give us a lot of great, valuable information (and thank you for being a great teacher!), so there is no need for you to bother with percentages , but I just thought I would write my thoughts about WHY people are wondering about percentages. We are basically trying to do fantasy calculations 😅 in our heads about the amount of money we could make if we take a smaller position size than you.
Ready ti learn
I have to disagree with you on this one, for beginner traders and not only that but most buisness minded people the amount youve invested is deffinitely a big deal. A 1500$ profit on a $5000 investment vs a $10,000 investment are 2 very different roi’s. For your case its not as big of a deal when you have millions at your disposal. But ive learned a lott from your videos and we can deffinitely agree to disagree on this one and have more great content from you!
for those who work on cash account they need to know the daily return for their capital on the line
It's because most people are taught to think like that for INVESTING.
Trading is not investing.. It's trading, and in a lot of cases even if you give someone a percentage they won't even believe you because the numbers can be ridiculous.
Cents per share*
It helped me to think in percentages when starting out. I needed to know what was realistic. Now I know that 4% per day is decent. But of course some people might be able to make more, and some people may be ok with less.
Good
In just the few months I've been watching you live, I've learned a lot! Thank you for your effort!
I bought 1000 shares of SOXS this morning and made $150 in 5 minutes, I should have held since it ended up going up another $1.10, so I could have made $1250, lol live and learn.
I tend to hold losers and cash out winners too early, don't make my mistake.
I think if your trading period you should be able to do basic math tho 😅 even on a calculator can figure out a percentage for you 😅
Hey Ross, always enjoy your videos and day trading show. Keep it up man, legend!
I think because people want to know how much your acct gains beat the sp500 if fully invested over the yr.