And I have full bars of Wi-Fi So hopefully this goes a little bit better than part one. Uh, in fact, if it goes really well, then maybe I'll just, um, not even have part one. This will just be part one and part two together. Uh, and I'll just, uh, whatever.

hide the part one video because the connection was so poor. Sorry about that. You know this is one of the things with traveling is that you know you're a little bit subject to the internet at your location. I didn't bring my starlink uh to Italy it would have not fit in my carry-on it would not have fit in my checked bag either because that thing is huge.

The new one that I have is 20. I think it's 22 inches by like 18 inches or something. It's big. it's it's big.

So um anyways happy Fourth of July I Hope you guys are having an awesome day! I'm gonna do some Q A here. uh I Have this tradition of coming on and doing live broadcasts on the fourth of July I've been doing this for years and years and of course this year will be no exception. It is I'm six hours ahead of you guys. Uh, because I'm in Italy but uh, that's fine.

I'm happy to do this broadcast and you guys will tune in from, uh, wherever you are. Well, six hours ahead from East Coast Nine hours from California and uh, different times for depending on where you guys are logging in from. So thank you guys who are tuned in. Do me a favor.

hit the thumbs up because it makes a huge difference for the broadcast and share it with some friends. Anyone who's interested in trading and post your questions down below. so I can answer some questions in this stream. so uh, floor demand? Let me go ahead and uh, answer your question first.

So he said, please compare trading with small accounts in 2018 versus 2023. So in 2018? Uh well. so I started my small account challenge in 2017. So I don't I don't think I did.

No I didn't do a small account challenge in 2018, but I did another one in 2019. So which would you prefer 2017 or 2019 as a comparison because I didn't do 2018. So you tell me what you'd prefer and then I'll I'll Um, I'll do that. So I'm going to look for your comment here.

Uh, and by the way for the Fourth of July because freedom and Independence is such a value that Traders share. We always have special sales at Warrior Trading where you guys can check out both trading tools, scanners, chat room Community news feed. We now have an audio squawk that speaks the news so you know if you're you don't have to read it in other words so it'll say um, you know you know Amazon headline and it reads it out loud so you have that. So anyways, if you're interested in just the software, just the tools, check out the tools If you want the education to go with the tools, then check that out as part of our Warrior starter or Warrior Pro memberships.

So there'll be a link uh in the description for this video where you can check out those Fourth of July sales. All right. So Florida Man says 2017. So in 2017, when I did my small Account Challenge I started with 583 dollars and 15 cents in the account and as you know, I've grown into over 10 million dollars.

The first month of a small Account Challenge is the most difficult. Because you have a tiny account, you have zero margin for error. You can't make mistakes. You need to grow the account as quickly as well.

You'll want to grow the account quickly because the sooner you've built a cushion, the better you feel, right? So um, my Approach at that time I was using an offshore broker. um, an offshore broker allowed me to day trade with a 500 account with leverage six times leverage. So I had three thousand dollars of buying power even with just 500. So with 600 I had like 3 600.

So I had like thirty four hundred dollars of buying power which is great and I was looking for stocks priced between preferably like two dollars and five dollars. so I could buy as close to or more than one thousand shares. I would get in and as soon as I was up, ten cents I would sell. In fact, as soon as I got in, I would press shift one to buy.

that's my hotkey to buy. so I just press shift one on my keyboard and then I would press Ctrl P for profit Target 10 cents Ctrl P So as soon as if the thing that just popped up 10 cents in, you know the next 10 seconds I'd be out with a hundred bucks with a thousand shares if it took a minute, two minutes, whatever. As soon as I had 10 cents I took it off the table and what I did was I stopped trading. So I would lock up that winner.

and then the next day I'll be coming in with a hundred dollars more buying power. A hundred dollars more cash times six is six hundred dollars more buying power. So then on day two, all of a sudden I've got four thousand dollars of buying power. then I make another hundred.

So day three, I've got 700 in the account and now I've got you know again, the buying Powers is growing and growing out now I'm getting closer to five thousand dollars or whatever. So today the reality is, this is kind of funny. You might think oh, Ross this Market you know we had 2022. it was a bear Market You know this isn't the time that you're gonna make a lot of money.

Um, it would be a terrible time to do a small account challenge. but on the one hand, uh, maybe I agree. But on the other hand, I disagree because when you're doing a small account challenge, you're taking 10 cents off the table, 15 cents off the table pretty much as soon as you get it. and you're just doing one or two trades a day and you can still do that in this market.

So I Actually think it's a fine market for a small account challenge. It's not a great market for trying to make you know five million dollars in one year. That's not the market we're having right now because we haven't seen as many stocks make 400, 500, 600, 700 percent intraday moves and that's where I've really, uh, crushed it, you know, and we've had stocks like that. So ciao, hello, um, all right.

So uh, let's see. All right, So let me let me look for the next question here. Um, let's see and again. For those of you guys tuning in, thank you for being here I Hope you hit the thumbs up.

Hopefully you're subscribed or you follow depending on Facebook or YouTube Um so happy Fourth of July from Hawaii Thank you where you tell me where you guys uh, tuned in from here Yeah, hopefully this this dream stays smooth. I'll I'll give you a little tour I'll give you a little walk around in a little bit I'm in a house that was built in 1741. 1741. There's a flower pot over there that says what is it now I can't remember I think it says 1872.

they just dated it and this that's how old that flower pot is. So this is a very old house. Yeah, but you know what? I Really like? um I Like old things you know I have a I like I like old things I like things that were built to last, old cars, old watches, old houses I'm not really into like the new super super fancy you know I I I just I Really like things were built to last and these houses certainly certainly were all right. So um, let's see.

So Tanya let's show. let's show this question. So Tanya says um I am uh, under the PDT rule smaller account so I'm trying to take uh, one trade a day. Makes sense if my stop loss is tight I get stopped out uh, very quickly, right? Should I have a wider stop loss here? Here's my here's my two cents.

My two cents is that if you are correct in your timing, it's going to go up pretty much immediately from your entry if you're a breakout. Trader if you're buying a Breakout The thing with a breakout is that it's pretty much instant resolution. You know if you think it's going to break out and you get in and you're right, it breaks out and you're immediately in in profit within the first, like minute or two if it stalls out, then you're wrong on your timing. You may have the right idea that may eventually go, but it could false break.

it could flush down quite a lot. So I sort of feel like um, if you're not seeing the success that you'd like I would look at it as probably being a result of lower accuracy than desirable. Maybe because your intuition's not quite where it needs to be yet. Um, but I would keep practicing of course.

and as you practice as you gain more experience, your intuition will get better. Your accuracy should improve. That's one of the things that's good about accuracy is you know, like anything else, the more you practice, generally the better you get. Now that's true with most people with most things, it's not going to be true without for everyone with everything, so take it a little bit with a grain of salt.

But generally speaking, the more you practice something, the better you get. So your accuracy improves over time and that will help you as you're doing a small account. Uh, one of the challenges with small account. Uh, you know trading and small accounts that of course you don't have a big cushion.

you can't afford very many losses, and if you're also brand new, you don't have a lot of experience which makes it tough, you know, So the you know, No doubt about it. There's some disadvantages with trading a small count, but um, so uh. here's a question. uh, which offshore Brokers would I recommend? So uh, right now I guess there's only there I have an offshore account with CM EG that's C is in Charlie M is in Mary E is in Echo and G is in um.

giraffe. So Cmeg I like them. They're fine. Um, they're more expensive.

Their commissions are more expensive. They're more expensive than light speed by quite a bit. And you know, I pay commissions at light speed. So here this is the problem you have to.

You have to be so efficient with your use of the tool. It's a tool and it's an expensive tool. so if you don't know what you're doing, it's not. It doesn't make sense, but if you know what you're doing and I of course know what I'm doing, I could trade in a Cmeg account and I could grow very quickly than I have before.

So I did a small count challenge in 2019. I Want to say I had a 500 or 600 account, maybe 700. Just I don't remember what it was to start the month, but it was. It was a small account at the beginning of December 2019.

it was. it was a small account. It was less than 5 000 for sure I grew it to 53 000 of profit by the end of the month so you know. Impressive return.

But again, I knew what I was doing. So the commissions, you know. I don't remember how much they were. They might have been four or five thousand dollars in that month, but relative to the profit, it was okay.

Trade Zero is another broker that's good for international. Traders They enforced the PDT rule if you're a U.S Trader though so uh, they have a pro. They have a commission structure that can be favorable and and less but it it might not work depending on where you're at. So I did say so initially in the I'm trying to remember I think it was in the fall of 2021.

the fall of 2021 we were really close to hitting a million subscribers on YouTube and I was like when we cross over a million subscribers, I'm gonna do something really special and uh, I was thinking maybe about doing another small camp challenge and then and then all of a sudden, uh, the Youtube algorithm kind of like shut off and I thought it was because I wasn't running ads on the channel because I never ran ads on my channel and I thought, you know what? I bet YouTube's not showing my videos because they don't get paid I mean you know I I don't run ads on my videos so they're not getting paid. So I kind of had this theory that that was the case. Um, and in any case, so it took. Uh, it took another year before we ended up crossing over a million subscribers and slowed down quite a bit.

and then by the time we did I was like, well I don't know if I'm gonna do a small account challenge now. it was like it. It was sort of like the the excitement of doing it was sort of gone for me. So anyways, I didn't do it I haven't done it yet.

We're over a million subscribers now. Um, but you know right now I'm kind of I'm sort of in the trenches like I'm I'm You know, with you guys trading every day just trying to hit, you know, my daily goal. Obviously if I can, five thousand dollars is my daily goal, but um, just trying to, you know, get green, have some good days I haven't been uh Trading as aggressively as I did in the past. I've been much more conservative I sort of made this decision to, um, get off the so-called roller coaster I was on this emotional roller coaster of big big gains.

big big losses. Just the stress was it's stressful. Look I mean you know I'm no Tom Brady but I have some performance anxiety because there's a lot of pressure on me to continue to perform and to trade well, right? And you know I've got a lot of people watching me, over a million subscribers watching me. So I you know of course I love having big green days.

You guys love it too. But then you know I would get emotional or I'd go red I'd get really stubborn I'd be like no I can't possibly have a big red day and then it would just get bigger and bigger and bigger. So anyways I made this decision uh, a little over a year ago I was like you know what? I just need to like scale, slow down just like scale back a little bit and try to enjoy what you know. enjoy this a little bit more.

It doesn't have to be like so much stress. so you know I trade a smaller size I've just like brought it down I mean in terms of the trades, the trades are, um, all. my accuracy for June was 70 almost 73, which is great. It's good.

Really good accuracy, so focusing on higher quality trades, not trying to swing for home runs quite so much, just being a little bit more. Uh, well, it's a little more composed. so so the other side of that is that. um, you know I had some really, really big years in 2020 2021 and 2022 was good too.

But for 2023 I've been trading just so conservatively I haven't been making as much and I'm kind of like, well I really feel like if I do a small account challenge, you know that's probably going to sacrifice um, some profit. Usually it does. I You know I'm not going to make as much in a small account as I'd make in my regular account. so I was sort of like.

you know, let's just focus on keep keep my head down, keep grinding, and don't get caught up with a small count right now. So maybe I'll do one later. Um, let's see what's my opinion of trading while in class. So what do you mean by in class? Do you mean in like the Warrior Pro classes? or in like class like school? Um, so I'm gonna assume you mean trading while in class like going through the Warrior Pro classes.

Um, because if you mean trading while you're in like a college class and you know you're just not paying attention to class and that doesn't seem like a super good use of time. So if you're in the actual work going through the Warrior start or Warrior Pro classes I encourage you guys to trade I encourage you to trade in a simulator or if you're using a free commission broker or trading with one share just to start trading just to start getting practice experience I Think it's super great. It's super valuable. Like I said before you, your accuracy gets better with experience.

So you want to start getting experience under your belt, but trying to put real money on the line in a serious way taking big size I Think that's a recipe for disaster because you, unless you have a lot of experience prior to joining the classes, you probably don't have the educated intuition that you need to be a a profitable Trader And you know you might think. oh Ross Well, you're profitable. Why don't I Just follow whatever you trade, you know. And the problem with that and the reason I always discourage people from doing that is that the markets move very quickly.

You could be trading, you could be sitting right next to me side by side with me. But if you're not able to read the subtlety of the market in the level two and the candles, yeah, you're just. you're gonna be constantly like, you know, a day late and a dollar short if you know what I mean. Like you're just gonna be like behind the ball.

so you know in a really, really hot Market when there's massive moves every day, you could be a little behind the ball and still there's enough meat on the bone. you could do really well in the current market. You need to be a little bit more of a sniper, a little bit more of a ninja. You know, you got to be really, you know, pretty pretty thoughtful about your trades.

and so this is a time to be a little bit more careful. For those that are tuning in, perhaps for the first time. this is the first time you've ever watched me, um, do a stream. Thank you for being here! Number One I Hope you subscribe to this channel so you can watch more of these streams.

I've been doing my live uh Morning Show in the morning so you guys could check that out if you want. uh and I'll share with you the five things that I look at when I'm considering whether or not I'll trade a stock someone asked um earlier today if I had a um, if I had a very strict set of requirements for my trading or if those sort of discretionary you know and I have a pretty strict set of requirements for considering whether or not I'll trade a stock. So what? I look at and this is based on based on all my metrics: I know what? I make the most money on and this is something I Discovered a long time ago and by discovering it, it's made me millions and millions and millions of dollars learning the type of stocks that I trade the best. So you can of course trade the same types of stocks that I trade a lot of Traders do of course I have students who've been very successful.

There's no guarantee that you'll be successful, but just to say the strategy I trade is not like it's super super. Um, it's not like it's so custom to me that other people can't trade it. In other words, what I look for are stocks between two dollars and twenty dollars? Okay, now my students who have been very successful, most of them are trading the same price range stocks price between two and twenty. Some of them, uh, like trading penny stocks.

Yeah, and that's fine. Penny stocks are okay I don't particularly like them. So I don't personally trade penny stocks, but that's just me. I Focused on between 2 and 20.

that's the price now. I Like to focus on stocks that are moving up quickly. so each day I usually am trading the top, the second or the third leading percentage gainers in the entire stock market. So there's thousands and thousands and thousands of stocks that you could possibly trade on any given day.

How do you choose which ones to trade? How do you know which ones are going to go up? I don't And that's why right now today, at this very moment, on the fourth of July my trading account the one that I day trade in has zero positions. it's only cash I only have cash in that account I'm not holding anything because I don't know what's going to be strong tomorrow I have no idea I won't know until I Sit down tomorrow morning and what I'm going to do is I'm going to use the tools that of course you guys can subscribe to over at Warrior trading, which are my scanners and those scanners scan the entire Market and I'm going to look for stocks between 2 and 20. and I'm going to look for stocks. they're already up at least 10 percent of the day and the leading percentage Gainer Tomorrow, it may be up thirty percent.

It may be up forty percent. Fifty could be up 100. Yesterday, our leading percentage Gainer was up 140 percent. That was the leading gainer in the entire stock market.

So because it was in the number one spot, it had a lot of eyes on it. Just like a number One Google Search result or a number One YouTube Search result or whatever it is, it had a lot of attention, a lot of eyes on it, and therefore, it had high relative volume. So I Look for stocks between two and twenty, they're up at least 10 percent that have high relative volume. and I look at a ratio and this is a little bit like a jargon and it doesn't really matter.

but just say, let's just: I Won't even tell you the ratio because it doesn't matter. High Relative volume I Want to see the stock has above average volume today. Now Why would a stock be up more than 10 percent with above average volume today? Because it has news? So I Prefer to trade stocks that have some type of news catalyst. So price between one and twenty sorry, Two and twenty up at least 10 percent.

High Relative volume with news number five I'll save that for one second. so let me see. Um, hey Mark Welcome! Thank you guys for tuning in so you can see this is um, yes in the background is uh, the town in Italy of Positano I'm on the Amalfi Coast I was in Rome and then I came over to Sorrento was in Rome for about a week, not quite then Sorrento uh for the rest of that week and now I'm in Positano I'll be here for two weeks and then I'll travel back to Rome for a few more days and then I'll head home. One of the things that I love about trading is the fact that you can do this from anywhere in the world and you can see it right here.

You could see it yesterday when I was doing my morning show. finished the day yesterday up 1300 bucks 1 300. is it a huge Green Day no but you know it doesn't matter. it's a green day so I've traded.

Uh, let's see on this trip. So far I've been green every day on this trip except for one day and I'm so I'm up. and then that one red day was a 1200 loss so that's great. That's just a super steady, super smooth and like I said, you could do this from anywhere in the world.

Oh hey um uh Hey Vincent Thank you. Remember for over over a year that's awesome. That's great. Yeah, but no I hear you on the fees with the small accounts is tough.

Um so uh so there's a question. Um, is there an option? So I'll show this so you don't have to get close to read it. Let's see. Um so is there an option to pay just for the live broadcast? I enjoy the 30 minute stream.

but I want to watch you for the rest of the day so we do have that. Um, However, it is included with the subscription for our trading tools. So our trading tools are a bundle right now and that bundle includes my stream includes my scanners that I use every day so my scanners you'll have access to them. It includes charts so you won't need charts from anywhere else.

You can cancel your other charts. you get the charts from me. Uh, it includes the news feed as well. It includes access to our chat rooms.

Uh one of the things that I'll say about our platform in 2017 you know I started the My Small Account challenge 583 dollars had a great first year I finished up 335 thousand dollars and I decided to um I decided to take on a kind of a a crazy idea and it I had this idea of creating the ultimate day trade dashboard the ultimate trading platform and I hired a development team so we uh we had 36 employees at that time which is crazy and we hired this development team and we started building this platform and it began with the the heart of the platform was Community I wanted to have chat rooms I wanted to have live streaming with ultra low latency. now my stream right now on Facebook and YouTube No doubt there's going to be some latency on it. it's not going to be as fast. this broadcast is the broadcast that we run in our on our software because we use a very expensive servers and they're very fast.

So I wanted Ultra latency streaming I Wanted to have the chat rooms and I wanted to lean into Community because Community is one of the biggest values that we have that I've created this uh this community and so we have now profitability badges. We create the 100K club and we have 100K badge and then we had of course traders who ended up making over a million dollars. We gave them a million dollar Badges and so now we've got this real community at Warrior where you can see um, you know what kind of Traders are in the community, what kind of Traders have been profitable, how much they've made things like that and so that was sort of the first step. Now the Second Step was building out scanners so we subscribe and so uh, before I keep telling you this story.

So if you're interested in that, um if you are on our newsletter, we send out that particular Um Tools only subscription that is email only. We don't put that on our website, but you could go to Daytradedash.com and you could subscribe there. That's the website where we just sell the Tools Tools only. Everything at Warrior is tools and education combined so we have the education to go with the tools.

You know Again, our philosophy is that tools are great but you need to know how to use them so we combine them. So our lowest cost membership at Warrior is the warrior starter and that would give you access to of course my chat room. So anyways we built out um the chat room and then we once once we finished that project and it was not easy for what it's worth. Um, we had.

There was a point where we had uh over a year, about a year and a half of time and money invested into it. It was not Um in production because it wasn't stable. we had gotten ripped off for over a hundred thousand dollars from a software company that we bought source code from and then source code was didn't work and you know we were out of luck. There was nothing we could really do.

So um, we were at a point where I was like you know what? maybe we, um, maybe we just call it quits and I was ready to lay off the development team and I was just kind of like you know what I think um I'm just gonna put my tail between my legs, turn around and be done with this. But the development team now. they were really kind of fighting for their Um for their jobs. They're like, you know what? Um, let's try something and I I said okay, that's fine, You know, whatever, you've got another like three weeks if you figure it out.

Okay, and they actually figured it out. Um, they it was I was I was impressed how quickly it came together at that point. you know sometimes Under Pressure um you you can have some some Innovation I'm gonna work. be writing an article soon.

Um, it's gonna get published I'll tell you guys about a little bit more later. but um, the the topic of the article is about Um is about self-funding your dreams and and my dream of building this dashboard was self-funded I didn't have any investors. you know I mean maybe I could have gotten an investor but I didn't have investors I funded it myself. but because I was funding it with my own money I had a limited budget and um, it was very important for me for us to be seeing progress quickly and to be testing things quickly and innovating.

and I think that that was probably Key to Our Success I think if we had had like an unlimited budget or something because we had investors, um I don't think we would have had those pressure points that resulted in The Innovation And you could say that in the same way about my own trading that having those pressure points in my trading, where I had a big loss and I had to fund my account with more money. You know that those moments created and forced me to think like very seriously about what I was doing, what was working and what wasn't working. And then those were the moments where I actually had some pretty big breakthroughs and I think that was so much better than if I had just started with like you know, a huge trading account because I could have afforded just to keep losing, losing, losing, losing losing without having a point where I really had no choice but to change what I was doing. So anyways, um, so so we did the chat room and then we, uh, did the scanners.

So we subscribed to Market data and that market data feed gives us Market data for every stock that's listed on the market and then we run all these filters on those stocks of course to filter out the ones I don't like and to try to focus in on the ones that I do like. the ones I think have a lot of potential. So that's where I get my list each day my top two or three you guys will have access to that same tool now over the years, what a lot of Traders have done is they've subscribed to tools from like five different places. They get news, one place they get charts, one place they get scanners, One place, they've got their broker and what you end up doing is you end up paying each one of those vendors for Market data.

If Market data is very expensive, it is incredibly expensive. So last year I probably paid probably about 1.2 million dollars. It just in Market data just in Market data. That's super expensive all right.

So just to give you perspective, Uh, and so if you're subscribing to five different places, then essentially a good chunk of your subscription for each of those places is going to Market data. You're you're double triple quadruple paying. So we subscribe to Market data and we try to do as much as we can with it because that's more efficient for you, right? So for our students, for our members at Warrior trading, we're using the same Market data for your charts for your scanners for the news feed for the chat room so you we're trying to do as much as we can with that same Market data. The only thing is that there's a few things that we haven't done yet that we could do and those are you know, the new development projects that we're getting ready to start In any case, So chat room scanners, charts, news feed any Brokers with no Commissions in the EU um trade zero accepts EU residents and you can be commission free if you only use limit orders with them so that's a possibility.

So um, let's see. All right, So here's a cool one. So any advice for a 19 year old? All right. So you're 19 years old, you just finished your first year of college.

Well congratulations for finishing high school and getting into college. That by itself is an achievement. Uh, here's you know again you you're saying you're asking for advice. So I'm going to give you my two cents.

Take it with a grain of salt. Um I Think that people who are the most successful in college are people who know what they're looking for and know what they want to do. Unfortunately, a lot of people going to college having no idea what they want to do and so they don't know what to study. They study a lot of different things but then they leave College still not really knowing what they want to do, but they've incurred a ton of student loans so you know if you're still trying to figure out what you want to do I feel like the and this is just my two cents.

but I feel like the better way of learning is by learning by doing so. If you're like I think I might want to. Uh, you know my son Really, he's been. he's five years old.

He's been talking about wanting to run an ice cream shop and do ice cream. So I'm like, okay, well I should probably try to help him get a job at an ice cream shop when he's young so he can see what it's really like. Uh, he's also expressed interest in making his own soap and again, that sounds fun. interesting.

I'd like to get him an internship where he can learn what it's actually like to make soap. So if you're interested in something I feel like it's not enough just to study it in school because you don't know exactly when you're studying in a textbook what it's like to have that job. That was my problem with architecture is that I was very interested in it in school and in theory. But then when I actually worked in Architecture Design Firm I realized I didn't like that job so much.

Shoot Well I just spent a lot of time in college studying it. Now what do I do so I think to make the best use of your college time I think there's a couple roles of college again I'm no expert here. this is just my opinion. I mean I went to college, but this is my thought.

Number one is, um, networking and the relationships you make. Well, those are going to be very valuable depending on the type of school you have gotten into. If you haven't gotten into a particularly good school or you're in a community college or a state school, I I don't know that you'll get networking that's going to really like lap you'll be able to leverage I Think the networking that you can leverage other people that go to these like Ivy League Schools You know they're really good schools. I Didn't go to one of those.

so I didn't get any networking from school. and then the other thing is if you're already know you want to do something like become a doctor or become a lawyer, then of course both. But then you know your path right. you're already studying that and you're on that path.

So again I think you're gonna. You're gonna get the most out of it if you already really know what you want to do and if you don't know what you want to do yet, um then it makes sense to try to give yourself the opportunity to to really try different things. and I don't know, you know and then and then go all in on the thing that you figured you like and in a lot of ways. I I Feel like you can with a lot of jobs, learn more on the job than you would get in college.

Again, that's not true for becoming a doctor. You don't just learn that on the on the job. You know you have to go to school for that. so it depends what what you're kind of leaning towards.

Obviously, you're interested a little bit in trading because you've been watching for a very long time. Thank you by the way for that. So um, the nice thing about trading is that you can. It's it's a lifelong Pursuit you can.

You can keep learning a little bit here, a little bit there over your entire life, and at a certain point, maybe you'll have time. you know, Covert lockdown, Pandemic? Who knows what's coming in the future? Maybe you'll have a time where you can really dedicate, um, you know your your resources mentally and financially to seeing if this trade thing will work, and in the meantime, just keep learning. Keep studying if it's something you're somewhat interested in. Um, you know I I that's I think you know that that saying, if you love what you do, you won't work a day in your life I really really love teaching I I love it.

So um I was I I Was down at the beach today and someone came up to me and said Ross it's like you and I said yes it is and he said I follow you on YouTube I I don't want to interrupt you and I was like please please please you Interrupting me is the best thing that has happened to me in like a week please. So if any of you see me in public, please interrupt and say Ross it's great to see you. Uh, because for my very, very low self-esteem it does wonders. I immediately felt better I was like oh my God someone does value me.

Um so anyways, he said, you know he's been trading and um, he's a full-time job and SO trading for him is something he does on the side, but it's you know, just something that he's thinking about and he's just you know he's he's on the journey. He's just learning as much as he can. My uncle uh my uncle Steve is is back there soon. I have a couple people who are on my team who are here uh with me who I invited to come with me here and so my well my uncle was saying was um he's he's retired uh although he helps me um a bit at Warrior So he's retired and he got into trading.

he'd been sort of interested in it for a good, you know, a good portion of his life. you know, interested in trading and just kind of wanting to learn more about it and more of like Buy and Hold kind of thing you know, looking for stocks to buy and hold for a while. um but for him, trading has given him a real structure and routine to his uh, retirement life and he says he loves it. It's like this puzzle.

you know, every day he's excited to wake up and solve this puzzle. is this excite for Monday morning? and it's not. that's not a job. you know it's two, two hours of trading, maybe three hours of trading and he really looks forward to it.

And so we were talking about how um, there's you know, there's some studies of some of these. Um, you know there's some. There's these communities in different places in the world where people live to their 90s or live to be a hundred. Like, the average life expectancy in some of these communities is crazy long.

You know there's some that are in this area and they're like, wow, is it the Mediterranean diet. You know a lot of fish and vegetables and stuff. there's some in other parts of the world and they're like, man, what is what is the what is it And so there's you know a few different common, uh, denominators in these communities. Uh, one of them is that people, uh is that the community members maintain having purpose, that there is not retirement so to speak.

They continue to have purpose from the Earth from from very very young all the way until the very end of their life. And there's something about continuing to need to problem solve in your life, continuing to have value, continuing to contribute to commute to your community that really gives people this. Will this this just it? You know I mean and of course it does died. and there's other things too that are contribute to their health.

But um, but from a cognitive standpoint, continuing to be valued, continuing to be part of a you know meaningful contributor to your community is is important and that's something. We've got some members of our community that are, you know, retirement age, are retired and trading is not so much about. like making a ton of money. They've already made money in their life.

Yes, it's nice to make a couple hundred dollars. Um, you know that's great. It supplements it, but it's like the joy of being part of the community and the puzzle. trying to solve the puzzle each day.

Uh, you know that's that's a really big part of it. so you know for me. I Really enjoy. Um I Really enjoy teaching I Really enjoy this you know routine.

So when you find something you really like, it doesn't feel like work. Some people have been like Ross You know you're you're traveling. You know all these different places in the world that just took this big trip uh in the beginning of June and now I'm here and I'm going to be traveling again as soon as I get back from here. I'm getting ready for another trip.

You know? Why don't you just like take the take? Why are you still doing live streams? Why are you still trading? Why are you still? Why don't you just enjoy the vacation? It's like, you know. I I Enjoy this to the point that it doesn't feel like work. I mean yes there. I have an obligation you know of course to my students.

I I've made a commitment, but it doesn't feel like it doesn't I I Don't think of it really as like um, you know an obligation. it's I don't have any resentment around it. You know it's like it's something I do because I enjoy doing it because at any time I could say no I'm I'm ready to be done and then I'd be done and that's it. That's that is freedom right? So I have that freedom in my life every day when I wake up.

if I'm still enjoying it I keep doing it and you know if I keep waking up I mean I kind of is attitude like you know if I if I wake up. um, and you know if I keep if I have someone on my team that's causing problems or something like that and I wake up and you know every morning the first thing I'm thinking about when I wake up is this person or the last thing I think about before I go to bed. it's like, you know what? I've got to do something about this. that's a problem.

it's not going to work anymore, you know I've got I've got to fix this person's a problem and that happens sometimes with work I feel like if there came a day where I was waking up more often than not dreading going to work rather than being excited, I would say okay, it's time for me to walk away and make a change. So by having that mentality, it's just like a subtle shift in it. But it's so significant because it changes everything from being an obligation I Have to do this I have to do this to I Want to do this I'm choosing to do this I'm getting up, you know I'm trading from you know, two o'clock until four o'clock here in the middle of the day because I want to do it when I'm in California I get up at five in the morning because I want to do it. It's not an obligation I want to I enjoy it I look forward to it.

So finding something that you feel that way about is important. Okay, a couple questions about: Forex Yeah I Don't trade Forex I don't Trade Currency I Don't trade Commodities I Don't trade indices. Uh, and I don't trade large caps I trade small caps I trade stocks that are moving, making big moves, and over the years all of this is my. most successful.

Students have traded basically the same as me, the same strategy and the same type of stocks, and often we're trading the same exact stock each day. Why? Because it's the leading gainer in the entire Market It's the most obvious stock I'm going to end this broadcast Um, in just a few minutes. But um, so the fifth, um, the fifth thing that I look for in a stock. So if we go back I had said I look for stocks between 2 and 20.

I look for stocks up at least 10 percent I look for stocks with high relative volume I look for stocks with news and number five I Trade I Like to trade stocks with the float of less than 20 million shares and lower is better higher occasionally 25 30. But for the most part I keep it to under 20. so that's called the flow. It's the number of shares available to trade that those five criteria just like that, weed out 99 of the stocks every single day that I could possibly trade.

So now I've basically narrowed down my list of stocks to like five each day. five stocks, maybe 10 stocks and then I choose among them. Uh, the one that that has the cleanest chart pattern and then that's when the technical analysis comes in with looking at the chart patterns. Foreign.

Okay, let's see so uh, thank you guys again who are tuned in. You can see the sun is set here so it's now. it's now dark. So what platform to trade nicely? Um from Europe So a lot of us Brokers will accept International students in our International clients.

Uh, trade Zero is an international broker they of course accept International Traders Same with Cmvg, let's see. Um hey Jackie thanks for tuning in. That's great. So Jackie says took your Warrior trading courses and it's really good.

It changed the view that I look at the charts. it's great. Happy to hear that. Okay, um so let's see, let's look at this question.

so I have a question when we have a long upper Wick green candle I'm sorry we have a long upper Wick green candle and we want to enter a long position early to avoid the price being extended. where should we look to enter? So um, well, if you have an upper just to clarify if you have an upper candle wick. then the stock went up and then came back down. So that's a little bearish because it came back down.

But if you're talking about where to get in before you get that green candle, basically what I'm looking for is I'm looking for a stock that's already clearly moving up. It's clearly strong. so we've had you know. move up three, four, five big green candles like this.

since that momentum let it pull back and then looking for that first candle to make a new high. So I'm looking for that set up first candle to make a new high. So I'm buying the pullback for the move higher I Could trade that on the one minute chart I Could trade on the 10 second chart I Could trade on the five minute chart time frame. You could trade it on multiple time frames.

Um, but that's what we're looking for. All right. So that pullback, that's that's been the best way. So if I do that kind of pullback then that pullback entry.

then I'm managing my wrist because my stop is the low of the pullback. and you could do this on a daily chart too. You could have a stock like Tesla that makes a big move up. look for a pullback, buy the pullback stop at the low, and then let it ride for the next leg up better.

But it. But again, if it's a true topping tail a tail, the tail, the candle wick, then that's a sign of possible reversal coming. All right. Well, um I think I'm gonna end the broadcast here I um I Didn't want to go over an hour just to keep it short enough so people could tune in later and listen to the replay.

So again, I Want to wish you guys a super happy Fourth of July It's about quarter of ten here, so um, only a couple more hours left on the fourth of July for me here in Italy It's been a great day for me. I'll be back at it tomorrow I'll be live streaming 9am I'll do the Morning Show on YouTube and Facebook so make sure you guys tune in tomorrow. I Hope you share this with some friends and check out our fourth of July sales. There's a link in the description you can check out the sales that we have on the tools and on the classes.

All right. So thanks again and hope you guys have a great Fourth of July and I'll see you live streaming tomorrow morning. All right. I'll see you then I'll I'll remind you as always as I end this feed that trading is risky.

My results aren't typical. There's no guarantee you'll find success whether you trade with me or you'll learn on your own. So manage your risk, Take a slow and practice in the simulator before you put real money on the line. Okay, see you guys soon.