Well well, well, what do we have here? Hey everyone uh I want to come on here and share with you some uh tips and tricks about day trading. Obviously you guys are all tuning in here today because you are interested in day trading, you want to learn more about it. and I want to see if I can send the ladder back down and share with you some of the things that I've learned along the way. So we're gonna do some Q A today. I'm going to pull out some excerpts from um, my Flagship course uh, date my day trading course Strategies and Scaling which you guys could of course see on the website I have it in the corner right here. So my Strategies in Scaling class. Uh, these two classes were ranked by Investopedias the best comprehensive day trading course. They are comprehensive. This is a 78 hour long class. Um, and you can see that right here on our website. I'm gonna pull out um, a section from chapter eight specifically on a first and second pullbacks. It's about an hour and 21 21 minute long class when I teach it as part of this curriculum. but I want to give you guys a little tidbit of that today and also share with you some things from day trading. the basics we'll do some Q A and I want to share with you some stories from my experience learning how to trade I I didn't have the you know, like beginner's luck. got super super successful right away I lost a lot of money as I started learning how to trade. so I struggled and I want to share a little bit of that story with you because I think um, for some of you, it'll inspire you. For others, you'll relate to it and you'll recognize that even those who have found success. Uh, really for the most part. got there because they worked really really hard today. um I did uh recently post a video on YouTube where I talked about the biggest loss of my career and some of you guys have seen that. So here's the thing I've noticed that my red day Recaps get the most views and I thought to myself, what is wrong with these people why do they love watching me lose so much? and so I decided to Stage a little bit of an intervention and so I said that I had just had the biggest red day of my career and then I said welcome to your intervention, it's time for you to come on and sit down and let's talk about exactly what the heck is wrong with you that makes you want to watch me lose money so badly. But I think the reality is, uh, a lot of people do. I I upload my red day Recaps I upload my Green Day Recaps A lot of people brushed the winners or the losers under the carpet and they just talk about the winners and it's something that I've done for a long time is I've talked about equally the winners and the losers when they happen. And I think a lot of people really enjoy hearing that and anytime you see like someone who has a really big loss it's like okay wow they took a big loss and there's a there could be a lesson in there for you. and so I think that there's a very logical reason more than just people like to see the the Carnage but um you know at the same time uh I do think it's it's kind of funny. So anyways, um not a red day but uh, just a a good A good episode that I that I uploaded there. So uh, and I'm gonna put some links in this um broadcast here that I'm running right now. Hopefully this is a good stream and I don't lose my connection in the middle of the stream as long as it's a good stream. uh I'll save this, we'll archive it and uh, people can watch it again. You want to watch it Six months from now or a year from now. You can keep re-watching it because a lot of things that I'm gonna talk about these are: Timeless lessons for day trading. Listen: I've been doing this for a long time. Um I Just let's see right over here. These are my Ameritrade statements from 2004. from 2004. My goodness, that's uh, nearly 20 years ago. So I have been interested in the market for a really long time I have been trading for a really long time and the strategy that I've been set on really for all these years is pretty much unchanged. and so episodes that I you know, taught, three, four, five, six, seven years ago are still really just as valid. Uh, today, it's actually been 10 years since I started my YouTube channel, which is pretty crazy. It took almost 10 years to generate or to you know, grow to a million subscribers. but uh, we did it. Uh, so so let's get into it here. Um I I I Again, those of you guys, uh, who are tuned in, um, do me a favor. So um, number one, Uh, tell me how long you've been trading I'm curious, uh, to get a feel for the um, the group that we've got here today. and I want to take a couple of notes and make sure this all dialed in. Also, Um, I'm gonna give you guys a couple of handouts or resources. If you want to download them, you're welcome to Um I'll have one here on my micro pullback. um strategy I'll have it. That's right here. I have another one here on um, my small account challenge strategy decision. So the strategy I trade with a small account. Um, and I've got another one here. So anyways, I've got a couple handouts that I want to give you guys. Um, we'll put a link that you can download them if you want. All right? Uh, let's see. So thank you guys, um for for answering. Okay, so some of you guys have been trading for quite a while. Um, but a good stretch. A good number of you have been, uh, trading just for a little while, but you know, 10 years, two years actively for four months? Okay, all right, so we've got a good, um, a kind of good variety of experience levels that's helpful for me to see and maybe I should ask you, hey, do you think trading is risky? Tell me what you think is trading risky? The answer is yes or definitely it's it can only be one or the other. So hopefully, uh, you chose well. Yes, because trading is risky. So um, during this broadcast I am certainly going to talk a little bit about, um, my struggles, but also the successes that I've seen as a Trader and I want you to know that these are not typical results I share these with you because I do think it's important that you learn from someone who's profitable and I think that a lot of these experiences I've had and stories I'll tell you are very inspirational. but I don't want you to lose sight of the fact that this is risky and I can't make any guarantee that you'll find success whether you trade on your own or you learn from me. Okay, so just approach trading cautiously. Now if you want to learn more about trading, you have come to the right place. and even better, right place at the right time. Um Everybody Tuning in today you have an opportunity to become a member of Warrior Trading and to get a 50 discount on your one-time membership fee. So um, we have a special coupon code that you guys are welcome to use. We would love for you to do it. It's Big Sale 50. you can see that coupon code probably right on my um right on my screen. So the big Sale 50 coupon code that'll give you a 50 discount on your one-time membership fee and the way I would kind of, um, encourage you to look at the one-time membership fee. The one-time membership fee is like a library card and we have three floors in this library. On the first floor, you've got the Warrior starter uh, membership and that'll give you access to day trading, the basics and that's it. That's the only class that's on that floor. On the second floor, you've got the Warrior plus and the Warrior Plus if you click. this will give you access to my five most popular courses: day trading, the basics, day trading, strategies and scaling Trader Rehab and I know some of you guys need a check-in or rehab, day trading in an IRA and Algo scalping and the third floor. The Warrior Pro gives you access to every class that I've taught including classes taught by my Warrior Pro graduates. So this coupon code big Sale 50 will give you a 50 discount on your one-time membership fee? All right. So once you've paid your one-time membership fee, you can choose if you'd like to subscribe to some tools here at Warrior trading. So for the starter for instance, you could choose to subscribe to the chat room where you can watch me trading every single day, live audio video feed, breaking news feed. you can trade with other Traders in the community, chat with our Traders or you can add the chat room, the stream and scanners so these are your two options that are available right now. 247 is coming soon. All right. So you again you do as you'd like and don't do what you don't want to do and it's super flexible. You can cancel Anytime and can always upgrade from start Plus or plus to Pro So I just kind of want to. you know, give you guys a sense of uh, the three membership tiers and then the tools you'll have access to Um and Mits is saying can you go through the courses in more detail what goes into Basics strategies and scaling I can and I will do some Q A on the classes in a few minutes. Um, but what you could do is you could check out this page right here and you can go over to day trading the basics and you can check out the curriculum so you can see every chapter that's in this class. You can do the same thing with strategies and scaling and you can do the same thing with all the additional classes right here. We've got a library of educational content so that's why I kind of call it a library card. Okay, so um, so with that what? I want to share with you here? Um I want to talk to you a little bit about the strategy that I trade every single day. Many of you have probably watched me trade a couple times. some of you guys may have read my book, some of you have watched me trade. You've seen me on YouTube and you probably get a sense that I'm a pretty aggressive Trader I have a very specific strategy and so that's what I thought I would share with you here today and see if you guys find this interesting some of you tuning in today. Um, maybe this is the first time you've even listened to me on a live broadcast. So for those who are here, let me know how long you've been. Uh, you've been following me. whether it's on YouTube or Facebook or Instagram or Tick Tock or wherever. let me know how long you've been following me. I'm kind of curious and let me switch my screens around here. So um, this screen and I'm gonna go full screen on it. Enter full screen while you guys are typing I'm gonna get my um presentation pointer tool out so I can do some drawing. so Ryan says he's been following for one day. All right. Brand new. Hey welcome Ryan Thanks for being here. All right and let's see if this works debate All right? Can you guys see that? Does that look okay? Okay, cool. All right. Um Emilio Five years, Eight years? Wow, that's awesome! Thank you guys! Thank you guys for being, um, such loyal followers. Well I hope that my goal for today is that you walk away with some really helpful tools you can Implement in your trading today. Right now. right away. Now some of you guys are going to take the leap today and you're gonna become a member of the Warrior Trading Community I would love that. but for some of you you're going to say, well, you know, maybe I'm going to miss this coupon code I'm going to miss this special but I'll I'll do it someday down the road. and hey, when the time is right, we'll be here. We'd love to have you so that's okay too. And I hope that you take away some really good things from this little workshop today. All right. So I'm going to talk with you a little bit about turning 583 into 10 million with a momentum day trading strategy. Uh, my name's Coach All right. Uh, so let's go ahead and get started. the topics for today's class. Uh, we're going to talk a little bit about managing your downside risk: I'm going to walk you through how I choose strong stocks to buy and I'm going to share with you my number one favorite setup for timing entries and exits on a strong Momentum stock. and we've got some free resources that we'll make available to you guys who stay to the end of this live broadcast. All right! PDF Outline of my small account strategy PDF outline of my micro pullback strategy and PDF outline of my technical analysis series I Think those are the three that we've got uh here together for you? Uh, or maybe there's a fourth one in there Anyways, Um, I've got a bunch of resources for you guys that I want to share with you so we'll give you, um, a link where you can download them and I think that this right here absolutely exemplifies the power of day trading. Look at that. that's one day fifty thousand dollars in profit and this is a day where I was trading a stock that as you can see, squeezed up. uh, nearly a hundred percent. Now we're going to talk in a little bit more detail about how I found this stock. but what you can see right here is that on Ross's Top Gappers scanner. This is a stock scanner so this is searching the market for stocks in real time. Moving up an Ntrb on this day was the top. Gap up 80 percent, had 42 million shares of volume 4.6 million share float and this thing was on fire. It was incredible and there's I could show you the details of the entries and the exits, but this is the potential. Now this takes a long time to get to here, but this is certainly the potential. This is the power of the market. and I think this is certainly something to be thinking thinking about as you're learning how to trade. When I got started I set a goal of 200 a day. All right, 200 a day. A thousand dollars a week. Roughly fifty thousand dollars a year. That was my goal I didn't hit it in my first year I didn't hit it in my second year I don't even think I hit it in my third year. but I eventually hit it and then I started to grow And this is the blessing in the course of the market. The curse is that you can struggle for years without being able to consistently make even 25 a day. You know some people would be like oh, Ross fifty thousand dollars in one day I don't need to make that much I'd be happy with twenty five dollars. Fifty dollars A hundred dollars a day. And so the curse is that it is just as hard to make a hundred a day as it is to make fifty thousand On the other hand, that's also the blessing because once you find consistency, the only difference between 50 and 100 and 500 and a thousand and five thousand and ten thousand is starting to scale up right. Scaling up your strategy by increasing your share size. So if you could do it with 100 shares, you should be able to do it with a thousand. If you could do it with a thousand, you should be able to do it with ten thousand and so on so forth you keep scaling up as your account. Grows All right? So right now what I want to encourage you is, um, to focus on capturing 10 cents to 20 cents a day out of the market. So these are one of the things that um I would encourage you to write down. So write down, get a sticky note and let's just say 20 cents per day? All right. So 20 cents per day out of the market. If you're able to get 20 cents a day out of the market with a hundred shares, you're making twenty dollars a day. All right, that's not a lot of money twenty dollars a day. But if you could do it with a hundred shares over the course of a few weeks, you can scale up to 150, then to 200, then to 500, then to 800, then to a thousand. Twenty cents a day with a thousand shares is 200 bucks. All right now. Eventually you could scale up to three thousand to four thousand to six thousand. Ten thousand. 20 cents a day with 10 000 shares is two thousand dollars a day. All right. So 20 cents a day? This is the place to focus. Now Some of you who have been trading for a while, you say Ross I trade with 100 shares I can't 20 cents a day? It's not even worth it. It's 20 bucks. What's the point? And I'm telling you right now, this is about laying a foundation because if you can do 20 cents a day consistently, you can scale that up. Sometimes a Trader trading with 10 shares or 50 or 100 shares will say I can't take profit unless I'm up at least a dollar a share. They set the bar super super high. so they're only taking profit on a trade when they're up a dollar a share. And the problem with that is that capturing a full one dollar a share move is a lot more difficult than capturing 20 cents. But they said that as their bar. So now they've set the bar really really high to be successful. And unfortunately, trading is very hard and so when you set the bar higher, you're making it unnecessarily difficult for you to find success, right? I Don't think that's right, the right way to do it. So this is the power of day trading. and um, as many of you know, I did turn 583 dollars and 15 cents into over 10 million dollars in trading profits I don't know anyone else who has done that. Uh I did it and I immediately as soon as I crossed over a million dollars when I had my first million I got the Um I got the the broker statements audited. So I started on uh January 1st 2017 with 583 dollars and by December of 2021 I was at Um 9.5 million averaging a hundred and fifty nine thousand dollars per month. Um, my percentage return is like absolutely outrageous. It's I don't know, like a million something percent. It's really, it's really insane and it I don't really care that much about the percentage return because it's not like I could have done that if I started with 50 000. I would have you know 100 million because there is a limit to scalability in the market. I'll also tell you that uh, when I did this small account challenge I was already a profitable Trader you know I started this in 2017.

I've been trading for a long time, but I did it to prove that money was not the most important uh tool in finding success. More important is the strategy. Money is certainly important, but even with as little as six hundred dollars, I proved that someone could become a millionaire in the market if they had the aptitude, the mental disposition, and the strategy. Now only you will know the answer of whether you have any of those things. And my hope is that, uh, some of you here today end up taking a leap and becoming a warrior starter. Warrior Plus or Warrior Pro member because I can guarantee you that a month from now, six months from now, you're gonna know whether or not you have the aptitude to make this happen. And so your best bet is when you start to practice in a simulator. A trading simulator. so you're not going to risk real money. That's that's the best way to do it All right. Um, but as always, my results are not typical. and please make sure you don't forget the fact that trading is risky. All right. So you can read my disclaimers and you can go over to Warrior Trading.com disclaimer To read our entire disclaimer: If you'd like, everything that I'm talking about today should not be construed as, um, direct Financial advice I'm sharing with you my experiences I'm sharing with you the strategy that I trade every single day. It works really well for me, but there's no guarantee it's going to work for you I can't tell you what you should buy or what you should sell. You've got to make those decisions on your own. All right. So I hope that everything I share with you does help you make those decisions. Between me and my top 30 students, we've made over 35 million dollars day trading. Just me and my top 30. So um I have a video here that I want you guys to uh, listen to and then we'll start talking a little bit more about risk I've been small capitalism Trader Looking for front side moves I'll look for dips that kind of go into wear shorts will get squeezed and look for the biggest ones of the day. My strategy I would say is momentum based strategy stocks going straight up essentially as Ross trains are like small camp stocks I'm a small cap Momentum Trader I short sell small caps equities and I tend to look for Momentum stocks that are making big intraday moves and I short sell them and scalp them for a mean reversion trade on the short-term tripod. My favorite strategy is going to be trading the theme in small caps. All right. Um, so those were a few of my All-Star students. Those are traders who are Warrior Pro graduates who have done exceptionally well. Uh, and you know finding a strategy is uh I I Think by far one of the most important things and that's your job right now is to try to find a strategy that's gonna work for you. And so I think it's important that you know the person you're learning from is qualified. Uh hey, I'm thinking about how to gain a million views in just three days on YouTube Do you think this is the person that I should be learning from? Well, I'd say probably not since he's got only seven views in two years. But you know what? This is what you guys are dealing with every single day. There is more information about day trading online than one person could possibly consume in their lifetime, and that means you have to make a sort of difficult decision of how do you filter out what you're going to consume and what you're going to ignore and you could do, you know, take whatever approach you want. Maybe you say well I'm going to watch everyone that's on Tick Tock because if they're on Tick Tock they're definitely successful or I'm gonna watch everyone on Twitter because on Twitter people are super honest or you say I'm gonna watch everyone on YouTube Whatever you decide, um I would probably do something where I would prefer to listen to someone who's profitable. that's that's at the very like you know minimum and then I might add more filters on top of that. I would say well I want them to be profitable, but also trading in a way that's interesting to me. Warren Buffett is very profitable, but the way he invests is is not something that I could do right now or that I could have done with a small account of six hundred dollars, right? It would take forever to grow it, so it's about finding someone that's also a good fit for you just in terms of risk tolerance and personality and strategy type. Because ultimately the strategy that you trade is really a reflection of your personality. Uh, but uh. this class today is for both beginner and experienced Traders So I know we had a bunch of people that were saying they've been doing this for 10. you know, 15 years you're experienced Traders and this is an opportunity for you to learn a little bit more from someone who's maybe got a slightly different perspective. Some of you guys are also brand new and this is your second day that you've ever followed me on. you know, social media or whatever And so you may be in a position where you're thinking wow, there's a lot to learn, not even know where to get started and hopefully this is going to get you off to a really good start in your journey. For those that don't know, um I'm I'm pretty I'm kind of a big deal when it comes to day trading in fact. Uh, one of the great things about Covid was wearing a mask I Was finally able to get through an airport without being accosted by all my fans. um I I'm actually mostly kidding. However, I do see I have people all the time that come up to me like Ross hey there you are walking into a Celtics game one day I was uh, driving in San Francisco I was at a stoplight and someone's in the crosswalk and they say Ross is that you through the car windows. Yup, it's me here I am Well, you know the reputation has gotten around that uh I'm I'm well known in the space of day trading and our students speak very highly of us and word spreads quickly. So if you have a friend that's recommended us, that wouldn't surprise me. In fact, out of 2 200 testimonials on trustpilot, we have a 4.9 out of 5 star rating. So this is all to say that um, we're we're We're kind of the place to be if you're interested in trading day trading specifically. Now if you're interested in um I don't know investing or crypto or Forex or something else then well like I Guess this wouldn't be, um, probably the best place for you. but uh, for if you're in this Niche then you're probably. you probably know about me. In fact, if someone said they're a day trader and they haven't heard of me, I would I would question whether or not they're actually a day trader? Uh, but I guess some people kind of exist in a little bubble. Uh, so anyways, um I'm not going to read all these to you, but I I just wanted you to know that the person that you're about to learn from here today uh, knows a thing or two about trading. and I know a thing or two about managing downside risk. All right. So this is the reality. Trading is risky. Most beginner Traders lose money. So what's kind of interesting to me at least, is that trading is very much a uh, it's a I don't know game. It's a it's a career game of Statistics You either have the odds in your favor and you find success or or you don't And of course, as many of you know, I I certainly do have the odds. Um, you know a strong historical track record that supports the way I trade. But let's talk about risk in general. So for those that haven't seen something like this before, this is a risk. um, profit versus loss ratio table. Now I I'll you know I'll give you um, you know permission to have never heard about any of this stuff before. Most people don't learn this in school, right? Um, you know I This is one of these things where I was really fortunate because the school that I went to uh in 1999 did a um a semester literally on the.com uh bubble and so this was um, you know this was for me an opportunity where I was learning about the stock market in 1998 1999 when most kids probably weren't and that was because the teacher that I had at the time really thought this was important. So risk is one of the first things that we think about. So right here is our risk table or a risk column. So if you risk a dollar to make a dollar, you need to be right 50 of the time to break. Even right? That's I Think that's fairly straightforward I Don't think we need too much more explanation. Beyond that, you risk a dollar to make a dollar. Fifty percent you break even. Okay, fair enough. Uh, well. But here's the thing that's for me at least, was kind of surprising. Um, if you risk a dollar to make two dollars, you only need to be right 33 of the time in order to break even 33 of time. That's it. So all of a sudden, wow, If I Could Be Right Forty percent of time I'm wrong most of the time. and yet I could still be profitable. And the answer is yes, If on average you're risking a dollar to make two, and that could be risking 100 to make 200, risking a thousand to make two thousand, or risking 10 to make 20., it's it. Doesn't matter, it comes down to the ratio. Now, personally, I have been unable to fully achieve the the two to one risk to reward ratio I'm sitting here right about one to one and I'm a little embarrassed to admit it. But but I'm really just I'm at one to one I guess I've got some some room for improvement. But the good news for me is that with a one-to-one profit-to-loss ratio, what's my break even? Does anyone know my break even is 50 percent? So I've got to break even at 50. Does anyone know what my accuracy is right now? So I can uh, pull up my metrics for you? Let's see and I'll show you that my accuracy and let's see if I get this to go over this screen. My accuracy is I'll put it right there 66.8 percent. And listen guys, this is 22 000 trades over 22 000 trades of historical data. So I want you to take that in for a second. Think about that. I've got 22 000 trades of historical data that support the strategy that I'm sharing with you guys right here. That's a lot of data. so there's a lot of data that backs up the way I Trade And this backs up in this data. We'll keep coming back to this because this is going to show you I Can go in here and I can show you the column of the time of day I Trade I Can show you the day of the week I Trade I Could show you the price of stocks that I Trade I Can show you so many metrics and all that is going to point to exactly what I look for every single day. So if all you had was this data, you could reverse engineer essentially what my strategy is. You could figure it out just from the data from what I'm successful on. So when it comes to risk management for a lot of beginner, Traders What they end up doing is they trade with a negative profit to loss ratio so I'll share with you when I got Star Trading When I was first trading, I had a negative profit loss ratio of two to one. So on average I was losing approximately 20 cents and I was making only about 10 cents on each trade. That was terrible. So naturally if I was right like 50 of the time and so I was losing money, I was losing money and it and I was still right half the time. But I was losing money and it took me a while to realize. Um, you know what was kind of really the problem Uh with my Trading is sometimes when you're struggling with these losses, you feel like what do I need to do I just need to lose less. How do I lose less? Well, you could tighten up your stops. Okay, that's one way and so one of the things that in terms of managing risk that you could certainly think about is uh is is before you take the trade, you know what's my stop. But a lot of people end up chasing momentum. They buy stocks higher and higher and higher. They're not thinking about risk, they're thinking about profit. and then they end up taking these really big losses and so in a lot of ways, risk, management. You can mitigate risk through choosing strong stocks to trade and finding better entries, right? Those are all risk management management techniques now. I'll tell you that in a lot of ways, my job is a risk manager. You know if someone is like in an elevator and they're like, hey, what do you do uh I could say I'm a risk manager and they're like, huh? Okay, I don't know what that means Um, maybe I would say that if I didn't really want to get into the fact that I'm a I'm a day trader, right? So you say you're a day trader and like oh, you trade GameStop oh, you trade this and I don't want to get into it or maybe someone you know. whatever. Anyways, just for example, because I'm a risk manager, that's ultimately what I'm doing every single day as I'm managing risk. That is your number one job to manage risk. You have an account and you're trying to manage the risk of that capital. So I was set as a goal: one-to-one profit to loss ratio and 50 accuracy because at least your break even at this point. Now if you can be, you know higher than 50. That's great. But here's the good news. and some of you guys, you might know what your accuracy is right now. Some of you haven't traded yet, but if you know what your accuracy is, you're welcome to share it. I'm curious. Um, it's it's a good. It's a good data point to be aware of. but I Think that for a lot of people just developing an awareness that they that you need to be thinking about what your profit loss ratio is and what your accuracy is is going to be a bit of an eye-opener So I look at trading profitability in sort of: Three Core components I Already showed you essentially this same slide. So the three core components you've got your accuracy, your profit loss ratio, and your consistency, right? So if your accuracy is 70 and your profit loss ratio is one to one and your green you know six out of six weeks, well then you know based on these three components, you're most likely going to be a profitable Trader right? And so if you're someone out there that's not profitable. So Mitz says he's at 55 Rocco says he's a 52 percent. Angel says he's at 15. All right. So um, oh no, he says 15 average return? Oh, that's different. Uh, policies at 58. So you guys are all you know you're you're a bit lower than where I'm at right now. it's 68 or 66. whatever it is. So here's here's the way I would sort of approach it. Sometimes people say I just need to lose less right? or I need to make more money and and that's those are difficult things to focus on because it's hard to develop a really strong action item when you're just trying to make more money. So this is what I would do. and this is an action item. Focus on higher quality setups. Focus on a quality setups. When you're taking the trade, you should be able to name the pattern. What is the pattern that you're trading right now and is the stock. Does it fit your criteria for being an A quality stock? You should therefore know what your criteria is for an equality stock. Does it fit? Um, the time of day that you're supposed to trade aggressively? Does it match? You know all the again, the various characteristics and we're going to talk about them in a bit more detail as this class goes on. So I would encourage you to focus on trading a quality setups. If you do that, you will find most likely that you're going to be trading a little bit less. but quality over quantity here. Now, if you're trading less and you're focusing on a quality setups, what almost always happens is accuracy improves so your accuracy goes up. That means you've got more winners. out of all the trades you take, you'll still have losers. But because you're focusing on really high quality setups, typically you'll be starting to avoid some of those big unnecessary losses that in turn improves your profit to loss ratio. Now you're starting to get a tighter profit to loss ratio. Maybe closer to one to one maybe even a positive one where your winners are bigger than your losers, and then that flows into consistency. having longer stretches where you're finding good accuracy, good proper loss ratio, and you're making money and you know what that does. That creates confidence. So now you're getting confidence, and that's going to fuel into taking these trades again. But increasing the number of shares you're trading, increasing share size, and so profit is a byproduct. Profit is a byproduct for all this, right? If you focus on profit, it can be difficult to really understand what you need to do. So I Focus first on accuracy. Always come back to accuracy. Number one: Focus on the highest quality trades and listen. If you could be right, 95 percent of time, that's phenomenal. It's not going to be realistic for most people, Most people are still going to lose, right? But you know, as high as you can get. Now this is the this is the real story of what it looks like to start trading. And I think a lot of you guys are probably going to relate to this. Um and I say guys not trying to exclude um, any women that are tuned it but just you know in general. Um, so Year One: This this says Year One. this behind my behind my picture. right down here it says year One. So Year One: Uh, maybe you're lucky and you get a little bit of beginner's luck in your first year, right? Maybe the year ends right here and you've got some beginner's luck. I had a little bit of beginner's luck my first year of trying to trade full-time I made some money all right I didn't hit my goal but I made some money and then you know what happened. Going into year two, I was overconfident and I started giving back profit I realized that I didn't really know what the heck I was doing, started to lose money and now at this point I was hooked because I was over a year into it and I had already thought that I was a successful Trader So now I was trying to look in the mirror and being like, wait a second if I'm not successful Trader then what the heck am I So this got into a stubborn and frustrated phase where I was very quickly able to justify bigger and bigger losses. So some of you right now you might be in The Beginner's luck phase. You're having a little beginner's luck and you're getting excited. You're like, all right. This is awesome. It's incredible how quickly I can make money in the market. It is incredible. but just as fast as you can make money, you can lose money and some of you are in that phase where you're stair stepping down. Maybe it's a little overconfidence, Maybe it's something else, but you're stepping down. some of you are starting to see red, you're getting stubborn and super frustrated. You are not giving up and you are just going pedal to the metal. You're one of those people who your car's in the mud and you're flooring it and the wheels are spinning and you're not getting unstuck. This actually reminds me of something funny. So uh, the other day my son got stuck in a lawn chair. I know I'm not. Well, you know these things happen. So he got stuck in a lawn chair and he started freaking out. He started panicking and I said son, son, stop moving, stop doing what you're doing because he's wiggling and he's you know he's freaking out. he's getting himself more stuck and as as I watched him uh, flailing about it made me think as most things do about my trading and about many beginner traders who during these points of um, a little bit of panic and things not going the right way, start flailing. So when you're feeling lost at a Trader the very best thing you can do is stop doing what you're doing. Take your hands off the keyboard. So some of you in here are perhaps traders who have lost quite a bit of money. What you're doing is not working and you know, listen as much as I'd like to you know, give you I mean I'll I'll give you a pep talk but I'm just going to tell you for real which is this. It's not like what you want to hear, but you know it's the truth. If you're losing money, what you're doing is not working all right. so you should probably stop trading with real money and now you could trade down to like 10 shares and trade with really small size because you could say well I'm not going to lose anything that's significant and I still want to keep practicing and that's fine Or you could switch to trading in a simulator and now it'd probably be good too. But but trading with big size and continually losing money this is not a this is not a good idea but unfortunately a lot of people end up doing it and so if you're flailing, if you're struggling, what you need to do is you need to stop Now I am going to share with you the blueprint of how I trade so you could adopt that blueprint and you could start practicing trading the same strategy that I trade every single day. Maybe it'll work for you, maybe it won't but you'll at least know that there's over 20 000 trades that are backing up that this is a viable strategy. And of course there's some Traders out there who have made millions of dollars trading the same strategy as me as well who have followed this blueprint. So you know that may be a little bit of a vote of confidence some of you are in this churning phase where you're taking two steps forward, two steps back, two steps forward, two steps back and you know what? I even still have periods like this. Maybe this will be like you know, the month of like May or something. you know. I'll have a month where I make a little bit of profit then I give it back, then I make a little more I give back and I'm just kind of going sideways. Going sideways um is underrated. The reason is going sideways is a big deal because you're not losing money anymore. So I think of this as a ship that was sinking but now has stabilized so you're not still taking on more water. That's good. Now it's not as good as not being half sunk, but it's definitely progress. Okay, you have somehow figured out a way to stop the just, you know, uncontrolled bleeding. That's very good. So now what's the difference here between someone who's churning and someone who starts making progress? So I actually talked with um my trading psychology team about this. uh Ted and Diane because I felt I was like man I Have talked to so many traders who went through this phase and you know what happens. This is this is a sad part. Some of you are in this phase right now and you and this might be the point right there where you give up. you're like now I'm done I'm sick of this I lost money and then I've been churning sideways for like six months. This is stupid I'm done and that's it. You're gone and you never know what might have happened now. Maybe you would have lost money. You'll never know, You'll never know what happened past that point, but losing hope when you're churning. I Think that that's a mistake because I think if you're churning, it's indicating that you know a lot about the market. but perhaps you, there's a piece of the puzzle that just hasn't quite fallen into place yet. And who knows, maybe today is the day that it starts to click. Maybe We'll find out. and I want you to think just for a second. I Want you to picture yourself six months from today. Six months from today. You're going to know a lot more about trading than you know today, especially if you study every single day watching my content on YouTube or you become a member over at Warrior trading going through all my content. You're going to know a lot more about trading than you know today. So why don't you let the you six months from now? handle trading with real money and handle trading with bigger share size because they're no doubt going to be more equipped to do it than you are today. And you know what? the Market's going to be here for you. It's not going anywhere, so you've got to pay your dues, you've got to study up, and nobody. Nobody has ever found success as a Trader who wasn't willing to be disciplined, both discipline and patient. Now, those aren't things that come naturally to everybody. Probably not to me, that can be a little impatient and that can be a problem in my trading. But just because you may not naturally be super disciplined doesn't mean you can't teach yourself to be more disciplined. So one of the things that that I kind of found here was the difference between the churning phase and the number five finally making progress is that this is the phase of you're starting to figure out what's definitely not working and you're leaving those things alone so you're losing, but you're avoiding the stuff that's killing you, but you still haven't really figured out what's like really, really working for you and so ultimately it means you haven't really found the right strategy yet. and if you have, you probably haven't had the discipline to really follow it to a T. You've had setbacks where you get distracted and you go a little rogue and you make some mistakes. And listen. I'm telling you, this Can This can be a five-year 10-year long process. Now there are some people out there that will go through this whole process in eight months and on month nine, they're already you know, taken off and making money. And I'm a little envious of those people because that's not what my experience was like. If it's not, what's what your experience so far has been like, don't feel bad because I think that there's a lot more people out there that really struggle hard for years before they actually start to turn the corner with very minimal success before. I Stumbled upon a strategy that was assistant, provided solid winners and had manageable drawdowns manageable. and now I have over 20 000 trades. That's historical data supporting this strategy and this is the momentum strategy that I trade every single day. Now a lot of people say Ross I you must have come into the market I mean you know you, you must have come in just with some huge advantage and I want to tell you that, uh, well I do think that I was lucky in certain ways. Uh, at the same time. um, you know it's I could have just as easily ended up in a very different place. So how the did I get here? How did I get here? to be so fortunate to be able to teach so many of you guys about trading, to be able to trade myself and to have found so much success? Well uh, this is a picture of me. um this is me in the window I don't know. It must have been like four years old. That was my little sister that was my dad. This is a house um that we stayed at with my parents. This house had no running water and it had no electricity. Now my mom still owns this house and she bought the house in 1972. in 1972 she bought this house for three thousand dollars from the bank. It was foreclosed on and there was an outhouse in the back. It's an old farmhouse and my parents were really kind of. They embraced a little bit of this camp you know, very simple uh lifestyle and the reason uh perhaps is because my mom's grandfather who of course I never met but he actually was working on the exchange in 1929 when the market crashed and he lost everything and he had to start over. And so he taught my mom and her brother and sister some very important lessons. and one of the lessons that he taught is a penny saved is a dollar earned and not to throw things away in the barn because you never know when you might need them. Now my mom was Uh, had The Misfortune of not knowing her father and The Misfortune of her mother getting cancer in her 40s and dying and so my mom uh was on her own to raise in a lot of ways, her little brother and little sister uh with the help of her grandparents and her grandparents were a huge influence on her. And so as my mom got older and eventually had kids the way she raised me and my sister was, she lived a very frugal lifestyle and she still does today. I mean she does not like spending money. um and so I grew up with this impression that we did not have very much. In fact, that wasn't really the case. Uh, but it was the way you know we were raised and so I got my uh first job. uh when I was like 10 years old? uh I was a paper boy delivering newspapers and the the pay was like terrible. it was like five dollars a week. it was like ridiculous I mean it was like borderline like. even for then it was like not right. Uh so I was a paper boy I mowed lawns. um and you know these are the things I did now I ended up um, being fortunate that the school that I went to um in 1998 1999 hosted this semester on the.com bubble and it was because of that that I got really inspired and it was at that time that I learned about um, some of our family history through my mom's um, grandfather who had had interest in the market and um, my uh, his wife uh, her brother also was in the market and he had actually done quite well and so you know I Heard about these Rumblings of people in the family that had found some success Trading or not trading but you know investing so I I learned about the market so uh, over school and my friend Ben and that's a picture of Ben right there this is this is Ben Um he in high school made about sixteen thousand dollars trading penny stocks. it was I think just one penny stock that he bought and I don't even know exactly how he found it, but he bought it. He made sixteen thousand dollars. He bought a used Nissan Pathfinder he bought a uh, it was like an arcade machine. He had a big screen TV in the basement of his mom's house and this kid was living large as you would imagine a 17 year old who's just made sixteen thousand dollars would be. um so that summer I was like I'm gonna start trading and that's when I opened uh, my first Ameritrade account and so I started trading. but probably like many of you I didn't know what to trade I had no idea so you know I I knew about Exxon Mobil I knew about Pfizer and I fancied myself maybe as an investor so I bought some shares of these different stocks and that was like you know, summer break in high school and uh, guess what? I Nine dollars and at the end of the summer I took a thousand dollars out now I ended up buying a 9 a 90 Volvo 240 station wagon for that thousand dollars and uh, had 250 000 miles on it I drove it for a few years I ended up fixing it up a little bit and selling it for 1800 bucks which was an 80 return. Not bad, not bad when you think about it. uh and then I don't know what I did with the money when I sold it. but in any case, um, going through high school I I was interested in the market but I just didn't know I just didn't know how to do it. Uh so you know this is a picture of my mom, my dad, and me. This is on my high school graduation and this is a tough picture whenever I look at it. Um, you know because that's probably the last good picture that I have of the three of us. when I was um 20. my dad was diagnosed with stage four lung cancer and he was 59 at the time and they you know said it was in his lymph nodes and um, you know that he probably had only about a year to live. so he did radiation and he did chemo and he lived for two years but he died when he was 61.

the same age that his father died. uh and I just wonder whether or not you know I'll get to 61 but I guess we'll see. So when he was at home, you know Uh I I Uh I got a job at a gas station I got a job at a Sunoco gas station pumping gas. it was around the corner from from our house and so um you know here I was as a College Dropout working at a gas station you know I mean it was like I was asking myself what am I doing I was making minimum wage like eight hundred eight, uh eight dollars an hour. something like that. um you know eight times four or 300 bucks a week before tax I mean I I was just like this is a joke and I felt embarrassed I felt you know this dream that I had of you know being in the stock market I mean it was just it was gone right it would I I didn't know what I was gonna do and of course I watched my dad um who never really got to live a true retirement. you know what I mean like he didn't uh he didn't get to live that and and it kind of I think made me think about uh you know live for today because you don't Nothing's guaranteed. So I ended up uh, moving to New York City and I got a job at a architecture design firm as an intern and I thought this was something that I kind of was interested in I actually tried to get a job at a hedge fund? um, but as an intern you know, and just as a college as a high school graduate and a College Dropout in Vermont who pumps gas they said get lost So I didn't get a job at a hedge fund but I I took an internship at an architecture and design firm and I did that for a while. After a period of time I was like ah I don't know, this isn't really for me and so in 2008 2009 we had the Great Recession I'm back living in Vermont and that was when I started thinking about uh Trading So when my younger sister turned 21, we each got a hundred thousand dollars from my dad and that was money that he had gotten when he sold his mom's house, my grandmother's house in uh I think it was 1993. and you know he had saved it and you know. Anyway, so gave that um to me and my sister. so that was the money that I used. Uh, lived in this little farmhouse in Vermont and I set up my training station and my goal was Financial Independence retire early fire right? That was it I just wanted to start trading I wanted to make 100 200 a day so I wouldn't have to get a regular job. certainly not pumping gas, not working in architecture design firm you know, just not having to mow. Lawns just I thought it was possible I really thought it was possible and I hadn't enough money that I thought I could do it so that for me was uh I Suppose you could say the beginning of my my journey of really getting into trading for real and um, unfortunately you know. is this the case for a lot of beginner? Traders I I realize pretty quickly how difficult that it was. uh, my first year I did have some beginners luck I made some money um I don't know if it's like twenty thousand or thirty thousand it was. It was not a lot, but it was a little bit and I was like okay, we've got something going here. In year two, I was read gave back what I'd made and the problem now is that now I've got two years I'm sort of living off of the money that he left for me and I had depleted it down. so I had my trading account and I had almost thirty thousand dollars of credit card debt I had just gotten married. you know, we spent a lot of, you know, a lot of money, fair amount of money on the wedding and the honeymoon and our house and all this stuff. and you know I don't have to tell you I mean you know, bills add up over the course of a couple years. So I went from having 100 Grand to having a trading account and then you know, thirty thousand dollars of credit card debt. My goal was 200 a day. That's all I needed and I believed if I could just do 200 a day, that for me could be the turning point and I could get out of this hole that I'm in and then sure enough you know schmuck that I am first day of the new month blow up my account it was August and I took a 5 000 loss. So just like that not only was I you know blew my chance likely at hitting my monthly goal I was 5 000 in the hole for the month and I couldn't trade until I put more money into my trading account and so what I ended up uh doing was uh I couldn't trade so I said all right you know what this sucks um I was so frustrated I remember I went out to the wood shed and I just started chopping wood I was like so pissed and um I said man you've got to figure this out I mean I was almost in tears I just was like I and I felt so much shame because it was my dad's money I just felt like such an idiot and so I um I I came back you know to my desk and then sat down and I was like okay we've got to figure this out. So what I did was um and this is the one thing that I did well when I was in. um when I was a teenager and I set up my first Ameritrade account I wish I still had it but you know I had like a yellow kind of Ledger and I was like writing down every trade I took. you know I was like it really was like taking very detailed notes and so I did that with an Excel sheet when I started trading, you know when I got back into it. So I tracked all of these trades I was taking and I said there's got to be there's got to be something in here that's going to tell me something and you know what there was and I had a lot of trading data. There was a lot of data inside of um, you know of of all the these trades I've taken over the last, you know, several years. So I started sorting the trades. Biggest winner: Biggest Loser time of day price of stock share size average weight you know I mean I was just going through everything and I was like there's got to be something in here and so what? I'm going to share with you I want you to know that this was such a struggle for me to find and I'm sharing it with you I'm just going to give it to you here and I I hope that you appreciate that this took years to find. I mean and it I almost almost didn't find it and there's a lot of people out there that struggle and lose and give up before they find it. So what I found was essentially a common denominator I found that all of my biggest winners had something in common and pretty much the trades that had big losses on and a lot of the trades that I just didn't do particularly well on. whether green or red, they didn't match this common denominator set. and so I I then said to myself, well wait a second So you're telling me if I was only trading like this, you know for the last two years I would have like made money and done well and you know the answer was yes. So then I thought okay I need a I need to get my trading account back up and running So I listed things in my barn on Craigslist and I got some stuff sold I got enough money together to set my account back up and the next month in September I was like okay, the uh, this is my last chance I don't have a lot more stuff I can sell. this is before only fans here I mean I couldn't sell my body at that time I all I could sell was you know what was in my barn so uh, I was pretty limited. Uh, but I was working with what I had and uh, you know I I it was just like this: This is your last shot. You've got to make this. You've got to give it 100 and that means you have to be super disciplined. All right. And that was not easy for me. So I made a couple of decisions. I was like I can buy myself a little bit more time I knew that winter was coming and I was like I I'm supposed to, you know, get some home heating oil dropped off to heat the house I was like no, you know what? cancel that order, you know, go get some. you know, 10 gallons of off-road diesel, you know, pour it in the tank and go outside. and when you're done trading each morning at like 10 30 in the morning. 11. go outside and start cutting down trees, chop up the wood and put it in the wood shed because I had a wood stove and I did that and that gave me some routine in my day. So I've had hustle because you know it was already kind of late in the season to be splitting and stacking wood. but I did it and um, so that right there saved me. Uh like three thousand dollars. So I was like that's great so that's not three thousand that you know was money I didn't even really have at the time anyways. but I was like that just is one less bill I cut back my Netflix you know I cut back um my phone I mean I cut everything back that I could get rid of I actually increased the deductible on my home insurance policy to be like outrageously High I don't know 10 000 or something. maybe 20 000 because I was like you know what I mean if something happens I'm screwed. but I just can't afford this premium policy. So I kind of just kept doing everything and so now this was what I discovered I discovered that my biggest winners had five times relative volume or higher and they were up more than 10 percent and now I discovered that with that old set of data, this is what it looks like now with 10 million dollars of profit. I focused only on this strategy and so that month of September I I didn't trade as much I don't know how many trades I took. It might have only been a couple trades a week, so it might have only been like 10 or 12 trades. but it was a green month because I was like you can only trade these stocks you're squeezing up really fast right now. moving higher, right? Only trade that don't trade anything else. it's either going straight up or don't touch it and I made money I made money again in October November December January February March and then I think it was in March that I had my first really big red day and so my account had grown up to almost fifty thousand dollars which was really incredible and then in one day I lost 30 grand and I was like obviously naturally, uh oh my God this is insane but I looked back at what I had just done and I was like listen Okay things happen that sucks that was a mistake you got fomo you broke your rules which is you know you totally broke your rules on that trade. Um so that's on you and you're not gonna make it back tomorrow. But if you sit back down and keep doing what you've been doing for the last six months, you will make it back and I did and the next time you know. next thing I knew my account was over a hundred thousand and that was the first time I took money out of my account and I was able to pay off some credit card bills and then I kept growing the account from there and then in 2017 I decided to start over with six hundred dollars in my account because people said Ross you know, can you trade with as little as 600 I wanted to say yes you can So my Golden Rule of trading and this is for me my my Golden Rule is that I need to be focusing on stocks or going up at least 10 percent that have five times relative volume and I try to focus on stocks that are obvious if it's moving up quickly, that's what I want to focus on Now these are some of the golden rules of a few of the All-Stars at Warrior trading. it's a little different from some of mine, so let's hear from them. My golden goals are to keep my red base to a minimum and to keep studying the markets. I really put a really big emphasis on studying the markets every day to stay up to date which in turn helps me keep my red days down to a minute. My Golden Rule trading is more of a mindset and then I have to keep moving on to loss so that I can't dwell on it and look in the past. The only way that I can grow as a Creator is to look at it and learn from it before. One of my golden rules is good habits will make you much more Rich than any single day p l Some of my golden rules are first and foremost that Excellence is not an action but a habit. So therefore it's not an act but a something that I do every single day. I Also believe that trading is 80 patients and 20 execution. So 80 of the time I'm sitting on my hands waiting for my setup and then 20 of the time I'm executing and managing that trade. My golden rules would be not to have many rules I Found it oftentimes my rules would really put me in a box in trading and I would be afraid to break these rules because we would also make me afraid to take some trades. So you know I encourage you guys to think a little bit about what your golden rules may be. Now of course, golden rules are dictated by a strategy, so you may not have a strategy just yet. But of course I'm sharing with you my strategy right here. So maybe you end up uh, today, walking away with something that you can start putting into practice and seeing whether or not it works. So we've talked about Mansion risk. Now let's talk about choosing strong stocks to buy. Now finding strong stocks was a struggle when I got started, but again once I developed once. I Kind of discovered that I was most successful on stocks with high relative volume that were moving up 20 30 percent now. I need to create a system of how I could find those stocks in real time. So in order for a stock to go up 20 to 30 percent, it's got to have a huge imbalance between supply and demand to create that price swing. And what would create that? Well, generally speaking, it's going to be some type of news Catalyst that's what's going to create that imbalance between supply and demand. So I'm going to talk with you about the characteristics of this Supply demand and balance because what I ended up doing was I You know, of course, at this point, very successful. Trader and I decided to hire a development team to help me find these stocks in real time. So there are sort of older, old-fashioned ways of finding these stocks. Um, and different sort of more primitive scanners that I used years and years ago. But let's so this is what: I Look for. All right indicators of high demand: Five times relative volume. So relative. Again, this is very important. relative volume. It's not the same as total volume. So if a stock typically trades let's say a million shares a day and then today trades 10 million, it's going to have a relative volume ratio of 10 because it's trading 10 times higher than average. Uh, being up 10 on the day. Obviously, that's like a minimum threshold. It has to be up at least 10 percent. Uh, there should be a news event moving the stock higher. And it could be any kind of news event, but some type of fundamental news event that's obviously preferable. We some type excuse me, We'll look at, um, quarterly earnings, pharmaceutical stocks. we'll look at a clinical trial results FDA approvals announcements, things like that. but some type of news typically stocks that I Found that I did the best on were lower priced between a dollar and twenty dollars. I Think that those are more popular among retail Traders More popular means they have more volume or volume. means they're a bit more predictable. It's cleaner patterns, better resolution, and so I end up doing better on those. Now those are four characteristics of demand. and I can search for all of those characteristics through stock scanning. Now number Five we're talking about. Supply So Supply is a little bit different and this is something that you know when I first got started I didn't even understand. But when a company does an initial public offering, they sell a fixed number of shares out of the market. So let's say a company does a, um, you know, 10 million share. IPO They sell 10 million shares at, you know, five dollars a share. They're gonna raise 50 million bucks, right? That's their IPO They make 50 million dollars. Okay, so from that point forward, there's 10 million shares available to trade and that's it. Unless the company does one of a few things, they could at some point do a secondary offering. they could sell more shares on the market. to raise more money, they could sell another 2 million shares for whatever ten dollars a share, raising another 20 million dollars. Let's just say, all right, so that happens all the time. Secondary offerings. Uh, sometimes you'll see a share buyback and then the float will go from 10 down because they're buying back the shares they previously sold, but small small ones to twenty dollar stocks. They almost never do share. BuyBacks It's very uncommon. and then you have stock splits. Both traditional stock splits and reverse stock splits. So there's a couple different mechanisms where the float can change over time. you know? But but ultimately, for the most part, the float you know on a any day is is pretty much the same as it was the day before unless there's some type of event happening. So I Have found that the stocks that make the biggest moves are stocks that have a fairly limited level of supply. And that's because when they have these high levels of demand, there's a really big imbalance and we see these big exaggerated moves. And so I Generally would say a float of less than 10 million shares available to trade is preferable. There's no minimum like two lows. There's no too low. There's however, too high. So you get into 25, 30, 40,