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Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Okay guys, time for a midday Market Recap Today unfortunately is a red day recap. Um I hate having red day Recaps But uh, it is what it is. Today's the second red day of the year in my small account challenge. Day 27 of the of the challenge and it's actually now the 100K challenge.
So I'll show you my P&l for today: Traded four stocks, three losses One winner down $4,044 53 And this is one of those days where the fact that I was read on you know two trades, two out of three trades in the first 30 minutes by itself was enough of an indicator not to take that fourth final trade where I lost $3,400 This I mean it was avoidable. It was avoidable in the sense that I was already having a bad day. My first trade of the day I lost $918 I almost hit my Max L loss which is 1,000 bucks and then I bounced back up with CX So I was down only 400 and then I lost 100 on Skys So I was down 500 550 and at that point you know being down 550 it I I could have just as easily said. you know what guys, it's not my day I'm not feeling it.
Um, I'm just going to throw in the towel because the reality is, at that point we weren't seeing good momentum. We had seen. you know, these three stocks pop up on the scanner and none of them were clean. Some of the other stocks we were watching for Gap and go setups uh, didn't open up.
They weren't clean either. So this is a day where Momentum just wasn't really on my side. I just didn't see strong, uh, Momentum in the market. It could be because of the snowstorm.
Uh, that's definitely a possibility. It's uh, snowing here and it's definitely snowing in. New York So less traders in the market perhaps? Traders a little more cautious because of the weather. It's a possibility.
But for whatever reason, Momentum today wasn't strong. So I made 10 grand yesterday and I gave back 4,000 today. And you know, I'm a little frustrated with myself. Um, the the final trade on Resn is the one that is a little Annoying uh and why don't we just go over all the trades for today? So um, the day started breaking down the watch list and I'll pull this, uh watch list up here.
let's see where is it? there it is. So I'll run a historical scan on this for 9 a.m. and at 9:00 a.m. we could see that we had, um, a few stocks gapping up.
We had Skys we had uh Jag X we had RV uh a HR down here so you know there were a few stocks gapping up and I was like okay, well let's start breaking them down. Skys it had news premarket. Um, actually it had new news after hours which I never like as much as news pre-market The news on this one was after hours. Uh, right here started to spike up this morning.
Pulled back just a little bit I got in as soon as the bell rang. Uh I got in actually on the one minute chart. Pull back the one minute. um, let's see I Got in this.
um, let's see this candle here. Expecting a pop up to 55 7500 shares, we popped up to a high of 60 and then we pulled back, dropped down to 30 and then down to 25. Ended up stopping out of Aehr with a $918 loss. It was a decent setup, it just didn't hold. Uh. next trade was CX this one was on the highay Momo scanner squeezed up right out of the gates I got in at 710, squeezed up to a high of 750 I had 10,000 shares I was up 4,000 bucks. but next candle it came all the way down to 684 ended up only making six cents. Pretty disappointing on that one.
it couldn't hold that level. Um. next on the scanner we had Skys um sorry, sorry, sorry, sorry. um Skys this one um when I took it, let me go back here.
um I was confusing this one this one I lost. um I didn't lose 600 on I lost um, bucks on this one I Got in with 5,000 shares. let's see where is it right here? I Got in with 5,000 shares, we popped up, dropped back down and I stopped out. um for a 2cent loss so that loss was small.
Ahr added the gates is the one that I lost uh $900 on this one I Got in here thinking it would break over the half dollar as soon as the market opened and it just instantly rolled over and it happened so fast I didn't have a lot of time to think now. um the trade that really got me. um you know CX this was fine, whatever. Small trade uh but the one that really got me was resn.
this one was on the high day momentum scanner. uh let's see where is it RN right here around um you know 473 So I saw it on the scanner and I was like okay, you know this looks good I pull up the level two here and I saw a 40,000 share seller sitting at 475 and I was like okay, if that guy can move out of the way I'll jump in. all of a sudden he's gone and it pops up to uh5 $496 $5 and so I was like okay, well I'll get in on the one minute pullback. it pulls back for a second and I got in with 10,000 shares at $5 and I added another 2500 shares which gave me 12,500 popped up to 509 and and then in this candle right here it dropped all the way down to 468.
I was down like $44,000 and it happened like that. it was just instantly went the wrong way. went all the way back to where it came from and you know at that point I was like okay, well this is obviously going to be um, you know this is probably going to be a loser. This doesn't look like it's going to be a good trade.
Um, you know, my best trades work instantly. My worst trades go against me in Stly and this one, you know pretty much went against me instantly. So I knew the odds of it being a winner were slim to none, none and I had to manage the loss. so it dropped down to 68 and I said all right well there's two options here.
One is if I had a live stop, order a live order on this trade I would have marketed out of that position with 12,500 shares and I probably would have gotten filled at the very bottom at 68. Maybe it would have dropped lower to 65 or even 55 so that would have Amplified the loss, but it would have gotten me out of the trade instantly. So pros and cons Now instead I was like okay, let's just give this a second, let's see if it pops back up and it did pop back up. It actually popped all the way back up to a high of 96, but that was 96 on the ask and on the candle where it went up to a high of 96. We only had 20,000 shares of volume I couldn't sell on the ask. at 96 there, there weren't enough buyers so you know it was 96 on the ask, but it was like 80 on the bid. big spreads and I said all right Well you know I'll give this a chance because on the five minute chart it was consolidating. You know this was consolidation above the nine moving average and so I thought you know if I was looking at this stock now for the very first time I would look at this and see consolidation above the moving average and I'd be thinking you know this is good for a possible move uh up over the whole dollar if it can break five So I thought if we broke five, we would pretty quickly get back to 510 and up to high a day.
and so I ended up holding through this entire consolidation thinking we would M thinking maybe we would get a break over five I wasn't sure but maybe maybe other Traders would notice this and see the setup. It ended up dropping down here and as we broke 80 I stopped out and was out at the bottom of that candle right there so you know and literally the bottom of that candle. 65. and uh, the bottom of my fill is 65 so you know that's the uh, of course the frustrating part with trading with size yesterday.
I Had a great day. $110,000 Uh, and today is the other side of that coin. you trade with big size and you either have big Winners or big losers. What could I have done to minimize this trade? Uh, there was an opportunity where I saw a 10,000 share bid at 86.
Uh, that was somewhere around around I don't know, somewhere around 1050 in the morning and I could have hit the bid there. but at that point I was starting to think look, this is curling back up. it looks like it might get back over $5 and I did have a trade ear last month on Dffn. Kind of like this where I got in too high I dropped down, held through the consolidation, ended up uh, going back to high a day and selling for a profit.
So I was kind of like all right. obviously I got in this I wasn't expecting it to drop like as much as it did. but I'll see this through if it ends up going down, I'm going to go down with a ship and if it ends up going back up, you know I'll end up having a winner. So that was pretty much the situation on this one.
and uh, fortunately it popped up and dropped down and I really don't know. Um, why it did that? Why it popped so fiercely over 475? Um, I thought because of the way it popped there that it would really continue on for the next move up and it just didn't So you know that's the luck of the draw I Suppose maybe today wasn't the right day to be that aggressive. Um, obviously I wasn't having a very good day already on my first three trades. So I think I could have been a little bit more mindful of that and said, you know what, you're red on the day you don't have a profit cushion on the day. uh, use smaller size. If you're going to take trades, be very selective about the quality and I think maybe there was a part of me that was a little frustrated I was red and wanted to get in a trade, get a quick winner, bounce back up into the green and you know, 12,000 shares. If it had gone 20 cents, it would have been a nice winner it would have been. you know, 2,000 bucks, 2500 bucks and definitely put me into the green I Thought it had that potential, but obviously it could it did.
There weren't enough buyers is interested and end up selling off today. We didn't really see any good Momentum trades on anything. There's not a trade that I missed. while I was focused on this one, there really wasn't any clean momentum today, you know.
Jag X Um, that was on the scanners. uh, starting to pop up a little bit now, but sold off out of the gates etrm it was gapping up. it was on the scanners. uh, but this one sold off out of the gates.
So you know today just wasn't the day. And I think that one thing you'll notice is that when the market is hot, lots of other stocks start to get momentum. Sympathy, momentum because Traders kind of jump from one to the next to the next looking for the next opportunity. and when the market is sort of weak, you have a few stocks really pulling things down.
Uh, Traders get a little more hesitant, a little more cautious, and when stocks do start to pop up, they don't get as much follow through because not as many people are really willing to test the waters. Um, and today that was pretty evident. So I think I I could have closed today, just down 500 and not taken that final trade. Um, in hindsight, I obviously wish I had done that, but at the same time, it was the right type of setup and the right type of stock that had the potential to give us a 20, 30, 40 C move, especially over the whole dollar of five.
It, just for whatever reason U got rejected at that level. So you know here's a deal if my accuracy is uh, 65 70% today. just one of those days where I'm paying my dues taking the loss so you know that's a tick against the you know, the 40% loss rate that I'm kind of allocating for myself and everything I've had so far up on in in this week has been part of the 65% or 70% whatever it is. This is my second red day of the 100K challenge.
So in 27 days I've had two red days, two red days, and 25 green days. so you know I can I can live with that. Um, my other red day was 5500. So obviously the red days are not fun.
they're bad, you know, lost 9,000 between those two days. but I'll still be up. uh, right. around $441,000 or $51,000 in this account.
So um, you know I'm not going to get flustered. I'm not really that annoyed. Um I was feeling a little frustrated because I just kind of kept coming up short on everything today. It felt like none of the trades I took today worked. Uh, aehr didn't work CX I was up four grand and it sold off and it only made 600 bucks. That's not a good trade. Um RN I was up 1,200 turned into a $3,400 loss. Not a good trade.
Skys I was up 500 turned into a $100 loss. Not a good trade, not a good trade. Uh, not because of really any fault of of my own, but just because we didn't get follow-through in the market. I stepped up to the plate I stood tall I took the big size between 5,000 on my smallest position and 12,500 on my biggest.
And uh, today's just one of those days where the market wasn't on my side. So at this point right now, some Traders would continue to trade. They'd say look, I'm down four grand but I want to get back out of the hole I want to get back to break even on the day I'm not going to do that I'm done for the day I'm not going to keep trading today. Uh, the market is.
You know at this point I can definitively say the market is not on my side, so I'm not going to trade again today. I'll come back tomorrow and tomorrow I will step up to the plate if we have some good setups. I'll be aggressive and I know that I can make 2500. you know, $3,500 on a good trade, maybe more and I could do that two or three times and have a $7,500 day that may or may not happen tomorrow.
I don't know, but I know that when the market is on my side I can do really well. so I just kind of have to. Um, you know, sit tight kind of weather through the storm, not push it, wait, be patient. when good opportunities present themselves.
I'll be able to step in, be aggressive, you know, pull out my buying power, take some big size lock up, some big wins, my account will jump forward, and um, then when the next slow period comes I Just got to again step back, ease off the throttle wait, consolidate when we get a good setup, get in, be aggressive, and that's how my account will grow. So you know this week I'm up $88,000 Um I was up to up, uh, 12,000 and then I pulled back just a little bit. So if you think about that, you know think of four steps up and um, you know, or three three steps up and then one step back. That's kind of what we're looking at.
So one, two, three, and then one step back. This is kind of forming the bull flag right of consolidation in my account. I don't want to let it go back down further I want to kind of sit at this level if I can start to get a little bit of a gain, you know, a little bit of a $500,000 cushion tomorrow morning right out of the gates I can use that to leverage myself up to, you know, put that on the line for a $2,000 $3,000 winner, get myself up to break even and then surge back through the highs. If we have good trading, if we don't have good opportunities, then I'll just have to kind of continue to stabilize underneath my highs. and uh, sit tight and be smart. You know if I I'll keep my ,000 Max loss tomorrow? um I'll be more mindful tomorrow if I go into the red right away that the market may still be kind of in a funk. it might I'm might not have clean momentum and maybe Friday won't be the day to really push it. I'll just kind of, um, you know, play it by ear.
We'll see what the market looks like. tomorrow morning we'll see what the Gap scanner looks like. We'll see how the Gappers trade in the first five minutes. Do we get good resolution? Do we get breakouts? or is it choppy? and um, you know that's pretty much the game plan is trade smart? So um, you know today's a red day, but I'm not I don't feel like I really broke any rules I think that I You know I've got the breakout or bailout mentality which I talk about a lot.
If a trade doesn't work immediately, get out. But when a stock drops from you know, 97 to 68 in a one minute candle, you don't have a lot of time to think. you just you're instantly down and now you have to manage the loss and get yourself out of it. and sometimes you have to unwind the position.
When you've got 12,500 shares, you don't always want to press that market button to sell the whole thing. That is what I ended up doing on this candle. I Just sold the whole thing in one punch I said that's it I'm done. You know, got me out Lower Lower Lower 60 72, 71, 68, 65 Uh, but you know I felt at that point I was the ship was going down so I would just take the loss.
Um, but you know, remember guys, anytime you have a loss, it's an opportunity to learn. You can learn, you can improve your strategy, you can make adjustments, so hopefully, uh, that won't happen again in the future. But at the same time, even the best Traders are only right 65 70% of the time. That means you're going to have losing trades possibly every single day for the rest of your career.
As a Trader you'll have a losing trade almost every day. As long as you have more winners than losers at the rate of, you know, 70% you'll be fine. So it's not that every single loss is going to give you a big teaching moment. Uh, sometimes it's just like.
well I did everything I'm supposed to do and today the market just wasn't on my side I don't know what else to say and you kind of become desensitized. It's just like you know. yesterday I made 10 grand I didn't care really I didn't do anything special today I'm down four grand I don't care I'm not going to do anything drastic I'm not going to go, you know, sit in the corner and cry I mean I really don't care? Um, the day I lost 13 Grand I was pretty I was pretty upset I was frustrated myself because that was the biggest loss I'd had in a long time and I was frustrated not just with the money loss, but the because it set me back a couple of big steps in my small account. It was really the frustration of having built up all of this and then taken that giant step backwards. But by the end of the week I uh I was further ahead than I than the day before I had the loss so you know that's um I bounced back from it and I'll bounce back from this I mean I will 100% might not be tomorrow that I make back the whole 4,000 might not be Monday might not be Tuesday but I will get back and um, when we have good opportunities, I'll step up I'll be aggressive and you know yesterday or what was it? Tuesday maybe on myos in one trade I made 2,800 bucks and I wasn't even I only had 6,000 shares I wasn't even being that aggressive on it and still had a great wind. So that's what I want to look for that clean five minute setup. You know this wasn't the cleanest, but that's what I need to look for the clean five minute setup. Uh, on a day when we have strong momentum on potentially a former Runner So um, that's that's the game plan and I'm hoping that of course we see some good opportunities tomorrow.
and um, that we continue to see at least a few really good opportunities each week. I Don't want to have to go into a a slump where we have weeks of back-to-back slow trading where there's no good gappers and there's no momentum. I mean I Really hope that doesn't happen, but um, you know I I Think today is just a slow day, maybe the weather and it's just a rest day. We have those you know, we have kind of rest days where we've had really hot momentum and then you kind of have a rest day and then the next day you've got breaking news on a stock and Traders jump in.
They're like, okay, I'm back at it. Let's make this happen and you get the big move. So maybe we'll have that tomorrow. We've had some, uh, some good trades on on Fridays Myos is actually a stock that Um has had a history of making big moves on Friday days.
Um, this was last Friday the 3D this was uh Friday the 11th so maybe keep this one on. Watch Myos tomorrow. Today's high is 4:30 so first daily candle to make a new high. Maybe move over 530 up to 5548? I'll put it on my list I'll just write it down.
Um, Myos, we'll see I'm not sure, but it'll be worth keeping an eye on. It's a former Runner so it's it's. always worth watching. dffn this one was on the scans not looking good anymore below the 200 too weak apop.
um this one. I'm not into it anymore big uh, big red Candle on the daily so former Runner there but not looking good. etrm is too weak so may just be uh, maybe a slow day tomorrow, but we'll we'll play it by ear. We'll see what we have in the morning for scanners so or for gappers on scanners.
All right guys. So I will be uh, putting together the watch list tomorrow morning right around 9:00 a.m. in the chat room and uh, remember this afternoon 4 pm we've got a warrior Pro Mentor session for our students so we've got that today. and um, any questions, feel free to leave them uh on YouTube uh or in the Facebook comments and I'd love to have you guys, um, subscribe to the channel and um and watch whenever we do these updates. So midday Market Recaps 12 noon pretty much every day. uh, unless for some reason I'm not trading that day and then I upload to Youtube and to the podcast in the afternoon. All right guys. Uh, which headphone am I using this is um, it's a good question.
um, it's a g933 um I think it's a logic Tech this is the second logic Tech I've had and um I like it. The only thing I don't like is that if like right now I'm talking to you guys. um if I unplug this because I don't have any audio, it'll turn itself off after like two minutes. It's like battery saving.
But the problem is I don't usually listen to audio I'm usually just using the mic so it's extremely annoying that I basically always have to keep this plugged in or I can put on music and turn it down really low which I sometimes do but the my last one didn't do that but my last one after like two years broke. So anyways yeah, this is a good headset. I like it. It's pretty comfortable.
it's it's a little tight on my glasses and and sometimes I put it like this to sort of be able to also hear what's going on around me. but um I have a mic also I've got a freestanding mic. um right here. this is one of the Yeti mics but this one um I don't know you guys were saying that it didn't sound is good and then so I I switched to this this one on that I'm wearing um I don't know I think maybe the the audio was a little little tiny or a little echoey I'm not really sure but you guys gave me that feedback.
so I switched I use that one um when I'm recording live trading on my other laptop so I'll run the screen recorder sometimes record some live trading upload that to uh the Warrior Pro classes for students and and uh, it's on that mic but it's not a huge difference you guys can see on my uh, midday Market recap from Tuesday um where I was live trading and you might be able to notice the the two different headsets that I was using on that day. uh let's see I'll give you guys the link to that video that was um, let's see live Trading Day 25 I think it was day 25. you know even my internet's been a little slow. um which is probably the storm but you you have to be a little careful when you don't have ideal trading conditions.
CU You know just you run the risk of giving back profit, having a mistake, not being able to get a hold of your broker phone line goes down, whatever. So let's see um There's the link to um Live Trading on Myos where I was using my two headsets so you can see at the beginning of that video I recorded my live trading and that was just such a clean setup I mean I just I was pumped to be able to put that on on YouTube Let's see so and for those of you watching on Facebook I'm going to log in here and put that link on so Anthony Any tips for getting into day trading for the first time? That's a good question I would say um the thing that I wish someone had told me you know when I first told people I was interested in day trading they were like that sounds really stupid, you know it sounds really risky. like sounds like gambling like what are you really wanting? like really like why don't you just get a a regular job and you know to me I was like look, there's people doing this. There are people making a lot of money. Day trading. It's a thing. it's there's a there's a lot of you know, uh, misconceptions about it. People don't know a whole lot about day trading in general.
maybe especially in kind of rural Vermont but um, you know I felt like it was a thing and I could figure it out. other people are doing it I can do it. The problem for me is that I jumped in with real money right away and and um, that was the big mistake I just jumped into the market with real money and I promptly lost $30,000 and then at that point I felt like you know I was in too far to walk away and to give up. um you know.
So I was like all right Well now I got to stick with it and the thing is I really enjoyed it I mean I was hooked I was like this is really cool. um but for a beginner Trader you don't want to get yourself into that type of situation where now you're you feel like I can't walk away because I'm In Too Deep because there are traders that are going to come in take take some classes, read some books, try it out in the simulator, and then be like you know what? This is too stressful. It's not for me. No harm, no foul.
I mean that's fine You I could go take a class in in chainsawing or welding. and yeah, I spend the money. Take the class, buy a chainsaw. I Test it out and I say you know what? this isn't for me.
That's okay. it's a life experience. but you know once you've gotten into it really deep, it can be hard to to emotionally walk away. So I would recommend.
You know, starting with reading. um, you know I've got a book on Amazon had a day trade. You could definitely check that out. Um, you know, reading books.
maybe taking a class if you're at that level. Uh, if you start trading with real money, well if you want to start trading and actually you know, practicing trade in the simulator. so it's virtual money. Uh, we have all of our students on a fantasy stock trading simulator.
$100,000 virtual currency So gets you the opportunity to practice. make those beginner mistakes. make the rookie mistakes in a safe environment where you know you're not losing real money. I mean yesterday we lost um, uh, data for like just a split second.
But it caused uh, some Traders as they lost their data connection to panic and start pressing hot keys. Well you know what sometimes I lose my data connection on my live platform and you don't want to send out a bunch of orders when you think you're disconnected because when you reconnect, all those orders are going to send at once and all of a sudden you sent out 30 sell orders and you're now short 15,000 shares. I Mean you got to practice that in the simulator. Practice it because when it happens with real money, you want to make sure you know what to do. Um, you know. And so that's just one example. and there's a million examples. But practicing is the most important thing.
and and learning to trade like anything else I mean you have to be disciplined. You have to be driven dedicated. but uh, you know, if you study, if you practice, if you follow the rules of the strategy, uh, then you're positioning yourself to be a successful Trader You know it's not going to happen for everybody, but you're doing everything you can to, um, you know, set yourself up for Success The problem for most Traders is that they actually set themselves up for failure by jumping into the market with real money. Um, when they really have no skill and no training I set myself up for failure by doing that and I'm just I Suppose fortunate that I was able to lose 30 grand and keep Trading And actually, um, this week when I sent my wire transfer to Uh Speed Trader to set up my new account I felt a little like nostalgic I felt a little sad because I was thinking like man it's been a really long time since I had to send a wire transfer to like add money to an account and it started bringing back these memories of you know when I was a beginner Trader and it felt like once a week I was having having to add 500 to get myself up above the PDT level or add a th000 or you know, take money out of like my 401k to pay the penalty to put it into my trading account.
it's like every time I would do that you know I as I sent that wire and sign the form I just feel this little bit of like am I am I going to get it Am I going to get over this hurdle and um I did I mean ultimately I did. but yeah brought back some memories as I was um getting that the new speed Trader account set up on whatever it was Monday or Monday afternoon or Tuesday afternoon. So so in any case, uh you know you having been there and gone through that I don't want you guys to have to go through that. that's why I really encourage you to practice before you go live and then when you go live you have to realize you trade with small size and as you get into the market going live you go in with a game plan.
You know you've got your trading plan, your written plan based on you know what we're teaching you in the classes. So you know the the type of stocks to trade, when to get in, when to get out, where to set your stops, where to set your profit targets. All you're all you have to do your job now is just to find three stocks to trade each day. And you know for me, on a good day like yesterday: I Trade four stocks make $110,000 I'm I'm I'm in I'm out I'm done. You know today's a day where took four trades, lost four grand, but it's the same kind of thing. I'm in I'm out I'm done. It either works or it doesn't work. but uh, over the years your experience will increase and you'll get better at choosing good quality setups.
So when a student when I look at a students's trading records and you know they've got their average winners are 100 bucks and their average losers are 50 bucks. but their accuracy is only 40% I I Tell them you this looks awesome. This looks awesome because you've got your managing risk, you've got the profit loss ratio. The only thing you're lacking is accuracy.
but guess what? accuracy gets better with practice. So you keep practicing. You keep doing exactly what you're doing right now. Let's look at it again next month.
And sure enough, most Traders go 40 30% A lot of Traders start in the 30s 30% accuracy. It's one of those things you think with like flipping a coin, you keep flipping a coin. it's going to be what 50/50 right? I mean you've got only two sides. The same with trading.
you either win, you lose. So you would think if you just blindly trade you'd be 5050. But it's not like that. most Traders are on their own as very beginners are like 30% and then we work up from there 30, 40, 50 and then once you get into 55 65% success, you're at a point that you're most likely going to be profitable in the simulator.
And that's when you can start thinking about transitioning to real money. But you don't want to do it until you've got those metrics. A lot of beginner Traders They don't even know what their metrics are. You know they don't know what their profit loss ratios are.
They don't know what their accuracy is. So it's no wonder that they end up losing money. I Mean they're not. They don't have a business plan.
You're You're basically investing $25,000 into your own business when you fund that account or how even if it's only $1,000 So if you don't have a plan then you know know if you don't know your your your metrics you don't know your profits, you're probably going to go out of business. All right. So um yeah. Leo So accuracy is important, but risk management is more important.
Accuracy is second because accuracy will always get better with practice. and I'm you know, an example of that. My accuracy has gotten more and more. Uh, just improve more and more.
My intuition has gotten better. When a Stock's going to work when it's not going to work, doesn't mean I don't make mistakes. but that all gets better with practice. Risk management is something that you need to, just, you know, really hammer in early on.
All right guys. So um, with that, I will, um, call it a day here and um, shut it down platform's going to be turned off I'll start over tomorrow, you know, back at 51,000 so little bit of a step back, but you know I'll bounce back from it. Hopefully we've got some good opportunities is something I can really sink my teeth into. but if not, then you know maybe you'll just go into the weekend kind of slow and hopefully hope we bounce back. Uh, next week. All right guys. I Will see you all first thing tomorrow morning. Let's be honest, if you made it this far, you must have really enjoyed that video.
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no volume came in on RESN, no volume – no hope.
what was your career before trading?
Hey Ross, how do you like to manage $1-$2 runners?
Thank you for giving Recaps on your down days. A lot of times people will only tell about their wins as a matter of pride. I find the information gleaned from mistakes to be more valuable in educating. Thank you for being willing to do so.
So cool of you to post these thx alot. Red days happen you rock dude
What is his trading chart software that he use?
weather….snow….are you serious?…..
I have to disagree when u say market has a rest day as /es just made all time high…
Another great video! Thanks for motivating me to create my channel!!!!!! Keep up the awesome video's!
What do you think of Trade Zero broker? Legit?
Hi Ross> I started as a student back in of October 2016. I took your day trading course. I had very little knowledge of trading before I began. I was an investor but not a trader. I struggled in-and-out and at times but like you teach, understanding and struggling it a part of life! When do we not face disappointment, loss or strife in life? Nothing that we do in life that is worthwhile ever comes easy. At first, I did not want to here the oh so important psychological side of trading which is a valuable component to the qualities that make a successful trader. Learning is easy for me. Understanding the set-ups and technicals is easy for me. I so underestimated the physiological component to what you teach and stress from day one and continue to stress which in my opinion, is above the monetary value of trading. Dont get me wrong, a new trader or any trader who wants to be profitable stills needs to set up an executed stop loss or mental 10% on the 2:1 profit loss ratio that you teach. I can not get behind the montage and execute with the knowledge, experience and precision you command but I have listened and learned to enter my positions based on your day trading course which has made me MONEY!! I know that money isn't everything but I never believed that I could make money trading the market until I learned from your principles. Your teachings extend beyond the monetary and I am not going to lie that was my sole intention was TO MAKE MONEY. Who doesn't. But your teachings extended beyond that. You cover all the bases! Your course is a home run!!! I recommend it to all. Beginners and advanced investors and traders. Real quick, as an aside, I listened to and paid for many other webinars and courses that promised to success Warrior Trading and Ross are FOR REAL! Today I am profitable or "green for the day" as Ross would say and I am will to provide proof>
Hey Ross, maybe this weekend you could work on a bit of a personal video? I'm sure tons of us would like to know a bit more about you, maybe check out your house, pc/desk setup, something a little less formal!
Took a bath on JAGX and BIOC. Thought for sure BIOC would go…look at the Pre-Market action and setup. JAGX had a ton pf pre-market action too. Don't know how I could have avoided that (other than not jumping in right away- was concerned I would be late after missing the very quick, big openings yesterday). Did OK with OSUR and ATNM, but was slow to find them…even OSUR which was only there because it gapped during after hours last night and I didn't close the chart. Need to adjust the settings on Trade Ideas…should have seen these sooner. Got an AQMS out of the gate. Did great, but of course it kept going and going…was only able to grab $1 out of $3.50 worth of movement.
following since 2014, he is honest trader transparent and 2017 january and feb have been insane bad ass stuff, learning about taking aggression if market is on point for your strategy and conviction for small equities, good stuff! free chat lets u taste his strategy live too!
Lost 6/6 trades today, too slow these two days
My college canceled class today and this was the first time I could legitimately trade in a while so to see the market move pretty much sideways after a full week of power moves and strong pullbacks was aggrivating.
sorry to hear that man, today was a great day for BIOC, very very predictable. I'm only trading paper stocks but I made $130 with only a $1,000 account 🙂
I agree with Ross that today was very weird day but I did make some money. BIOC I made $.22 in 1 hr. ETRM $0.29, and PULM $0.10. But my size was no where close to Ross. I do agree Ross is good person. I am working on making money to register in one of his courses.
Exact same thing happened to me on $AEHR I don't feel too bad now knowing we had the same idea
made .12 on skys 3.28-3.4…got out too soon 🙁
THANK YOU FOR BEING TRANSPARENT. looking at the mentality of a trader everyday through the ups and downs has given me a much greater understanding of what it means to be a trader. i love how even on days like this you are confident that you will bounce back if you study the charts correctly and don't hesitate with your executions. right now my account is down 10% but i'm not scared. i learn from my mistakes and i will bounce back too.
Many traders look up to you for a reason. Good luck tomorrow morning!
Do you guys have a trial for your room? I have traded forex for a while now. At best I'm a break even trader. I really am struggling to be consistently profitable. I am considering switching to stocks so I can trade with a community.
Too bad you didn't hold, it's back at 5 now
that was my first trade on the market lost on RESN but tomorrow is another day n am looking to bounce back inshallah.
At-least I don't feel so bad RESN got me too, from +100 to -30 today.