Been off and on trading since 2021, but have been consistent every day since May. September will be the first month that I'm green. A huge step, and I owe it all to you Ross. Thanks for being such a great teacher!
Congrats and best of luck I’ve only been able to have 2 months of green and then mess it up with a big red day for the last 3 years I’m hoping to get to 6 months of profitability than loss and hopefully in the future turn that into a yearly goal
Hey Ross, I really appreciate that in almost every video you review the basic rules that you follow because it re-enforces the knowledge we should all be absorbing. When i first look at a stock I hear your voice in my head, what is the % gain for the day, what is the float, what is the relative volume, what is the news? Is the price between $2 and $20. I have been waiting for pull backs to enter buying $100 at a time. I set stops 2% below entry with a target exit 3% above entry. Once price has moved up 3% I move stop to entry. I am at a 60% win rate winning $4 to $11at a time. At the moment, for me, it is not about making a ton of money, but more so about learning low risk objective exectution. Thank you, Ross for sharing!!!
Great video!!! Thank you for really reaching back and helping us out that do have small accounts. So much great info and nuggets from someone with years of Knowledge. This Challenge has me so excited as I'm doing a small cash account challenge too. I believe we are all cheering you on to watch you hit $25k and then some lol. Thank you and keep up the Great work. The Videos are very much appreciated!
Coolest thing is how disciplined your being with your small account even taking days off if you don’t see set ups that you don’t like and not forcing trades even if it means not trading for that day
Since I been learning these last few months, this is exactly the way my strategy is evolving. Thank you for putting it down for me. I take notes but not nearly good enough. Really need to improve on that
Thanks again for another incredible free lesson. 29:38 I worry about getting stopped out on a 1 trade/day cash account. I only say this because it has happened to me 5 times already since I've started and right when I get stopped out, it rips back up. This is leading me to be subjected to jack knives because I'm not setting a stop-loss anymore and just hitting the close button if things go slightly lower than where I'd initially set a stop loss.
This happens to me also and ended up doing as you described. I place the buy then set the stop and as soon as the stop is set my stock is sold. Does anyone know if Ross is buying at market, bid or ask? I'm still a beginner. Then also, does he sell at market, bid, or ask?
That's because computers set their price push to end past everyone else's perceived stop loss, to grab all the liquidity. You should look at videos on how market makers create liquidity, so you'll get a better sense of where to put your stop loss. Also, why are you on 1 trade a day if you're on a cash account? You have unlimited day trades, even if you use all your cash on your first trade of the day, you can still sell the stock in parts (multiple daytrades) but ofc I would just recommend you take a bunch of small trades, like if u have 1k you can tell yourself you have 4 day trades every day of max 250 each and your risk will be much lower cause you are never taking big positions and it's much easier psychologically to sell at a profit or a loss if u have to cause u know u have more daytrades. Hope that helps
Basically to pit it simpler I'd recommend you put your entry at where you put you stop loss from now on and also pay attention to the indexes like S&P 500 when u trade, most stocks move along with the indexes, if the market is red it's very likely a stock will find to much resistance and reverse at points where it doesn't seem like it should, that's where the computers come in and attack everyone's stop loss, so set your entry at your current stop loss
I know you're explaining things so well but wow there's so much to have to watch. I thought i was finally ready to pull the plug and start real money trading but I need to learn more. i don't want to gamble, i want to make a living.
Completely agree but there’s always exceptions as in UXIN on Thursday. 180M float 40 M Vol but incredible RVOL and goes up 90%. When it’s Chinese, you can throw all the rules out. Don’t know if it’s organized Prop traders in Hong Kong or what. But as we say in aviation “it is what it is.”
if there is anything to take from this, its. draw, scribble chart set up. read information and highlight key words. talk out loud to yourself through patterns
Example Pre-Market Strategy: ONCO $5.88 - Buy 2,600 Shares - Set Sell at $6.10 - Select Sell Order at $5.77 but Only Select Confirm if Price Goes Down to that Area - If Price Goes up to $6.10 you profit, if it goes down you sell at an $0.11 loss compared to $0.22 win 1:2 ratio
I would set a stop order, if your risking 11 cents, your target would need to be at minimum 22 cents. With a 60 percent chance of success and a 2 to 1 risk reward, your looking at a b or better trade setup. 3 to one or more would be better. Noone should really be taking less than b trades, they will eat your money and leave diarrhea in its place
Thanks Ross! You are the best. I just started trading and it is already going well! Thanks to you. What is your main chart you are looking at? 1 minute chart?
in regards to how you said putting all your funds into one trade, $25k risk 10 cents to makes 20 cents minimum. That would require at most a 1% stop loss to avoid risking more than 1% of your account per trade. Is this achievable? I find most trades on these small caps, closest stop to my entry I can achieve is around 4% what is average percentage that your stop is from your entry point?
If you haven't had a chance to attend yet, one of the best ways to learn how to get started with trading would be to join us in our next day trading class. The class is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
Ross how do you manage quick exits during pre-market and mitigate risks? As my understanding is that you aren’t able to place stop loss during this time.
This question might go better with other videos Ross put out. So let's say i buy at 4%ish after noticing a stock going up. Is there generally a cut off of how high stocks tend to shoot up in a period of time? Like let's say it goes up 20% then the next day more. Is there an amount I should just take my earnings and go? I know to look out for candlestick patterns but is there any other things I should look out for like percentage gains?
Hey Ross! Would you be able to show us Scan filters settings in TOS that would have all the criterias included and to be good movers for the day? Can't seem to find the right scan filters😢. Thank You!
Depends on your preference. Personally I like the 1 minute because I don’t overreact to red candles that appear more often on the 5s or 10s etc. and the 5 minute seems too broad because I might miss the reversal … especially when I compartmentalize my profit targets at $0.05, $0.10, $0.15, $0.20, $0.25 etc. and if you’re trading momentum 5 minutes could be the difference between a good profit or drastic loss
Ross any ideas as to how to find time to learn when having a full time job? I have so much knowledge and just not alot of active hours in applying it because I work 7:30-4 everyday
Hey ! If you are taking the classes many people to them early or at night if they are still working 9-5.. Also for market experience you can always check back on the charts how a stock performed by looking at the patterns.. Also some Free brokers offer a market replay and you can play the market as a replay like it is realtime
OMG, Ross you are amazing :)) Thank you so much for creating such a great content, I really appreciate your effort. I am trying to implement your strategy in the simulator, but my orders are getting filled on time and I am losing the opportunity of right entry! do you have a trick to enter the market by making an offset on entry and exit? I will appreaciate it if you explain a bit more about the very executive micro-policies of how you are analysing and executing the entry/Exit points. Big Hug
I do use offsets on my order to allow a little bit of slippage. I’m using level 2 and the tape to confirm my entries/exits. I wait for bursts or buying/selling
I believe he is saying he will usually get 3-5 A+ quality trade opportunities per day, and you have to choose based on your intuition, which you are going to choose to trade that day... If I understood correctly...
The less money you have the more you lose unfortunately. Especially when you start out with a lot while learning. You learn that you can lose A LOT in a short time… so you double down and lose double. By the time you learn the more you expect to make to make up for the big losses which isn’t going to work. Sit it out, build up the original cash position, and try again with the extra experience.
Great question! usually once the account grows to an amount where i don't have to apply 70 to 90% of the account to a single trade.. Example If the account is at 50k i am not going to be trading the full balance every trade
I am wondering if you sometimes get caught with stop hunting when your stop is that tight? I don't know how to avoid this. Hope you can make a vid about this
What is the appropriate level of retracement for the micro pullback strategy? Too much, it's in a down trend. Too little, there's not enough resting time for the move higher.
Yes it is all about the price action and volume we have seen stocks make a full retracement to 0% on the day and all the way back to up 100% and continue higher this is oftentimes why i wait for it to curl up and continue
By the time i see any stocks that fit, they have gone up already and i lose money everytime. And there is no way i can afford 200 dollars a month for his scanners, not a millionaire not sure how many here are so this is pointless for me. But still great info and happy for you buddy
I think the hardest question is when to pull out. Always eager and many good times to enter, but pulling out too late happens all too often. Is there some protection against this?
Yes definitely in the technical patterns we are trading they often times give exit or topping signals in the form of candle patterns or moving averages
@@DaytradeWarrior like how i asked a serious and proper question with hidden sexual innuendo? So do wait until it drops some to exit and not capture the full move? Or do you aim to capture the full move and exit at the tippy top?
Idk if he mentions it but he does have offset hotkeys for entry, like buy +2 cents or something like that, as well as he's said before a majority of his stops are arbitrary
Ross, when you showed the screen shot of the scanner why did it show "(offline - 9/27)" and "15:55:00 - 16:00:00"? If I'm going to learn to pick these stocks in real time I want to see the screen shot at the time you are deciding the stock is good to trade not at the end of the day after it is obvious which stocks should have been traded.
@@DaytradeWarrior That was my point Ross. Its always easy to look back at the trading day and say this is the stock I traded at this particular time. Why don't you screen shot the scanner at the time you see the setup and know you are going to take the trade? And then how about a screen shot of your Think or Swim Filled Orders list for the day so we could see exactly what you traded, how much, and when? It would make it more believable and me more likely to get a Warrior membership or trial.
You're amazing my brother when are you coming into New York City to do another book signing? I'm in Allentown Pennsylvania and about an hour and 20 minutes. I want to meet you and have you sign a book. I hope to hear back thank you.
Ross, why couldn't you take a trade on Game Stop at $200/share with a $1K account? You could buy 5 shares in this situation. You would still make the same percentage gain or loss as you would in a large account.
@@DaytradeWarrior I wasn't talking about the current price it is at. In the video you said you couldn't afford to trade Game Stop in the small account when it was $200, $300, $400 a share. My point is, yes you could have because it was below your $1K value of the small account so you could have traded it and bought 5, 3, or 2 shares depending on the price. Your percentage gain or loss on the trade would have been the same regardless if you used a small or large value account. I don't get why the price of a stock really makes a difference when you are trading small value or large value accounts unless the price of a single share of stock is more than the value of your small account, which in your Game Stop example it was not.
If he only buys 5 shares, and the price only goes up $1 then he only makes $5 dollars. He traded GameStop when it was going parabolic. The lower price stocks he can buy 1,000 shares and if it goes up 1 dollar then he has made $1,000.
@@DJ_EASY Well if Game Stop was going parabolic from 200 to 300 to 400 and he purchased 5 shares @ 200 with the $1K account that means the per share price increased $200 and that multiplied by 5 is $1000. So he would have doubled his account value just like he would have done with the large account. If Game Stop had only been going up by $1 when it was at $200/share the volatility wouldn't have been there and it would not have made sense to buy with the large account or the small account. So, unless a share of a stock is priced above the value of the small account, this concept of it being to expensive to buy is false.
1. Diversification of revenue stream. When you own your own business you have to build in redundancy on multiple levels. 2. In a skill like trading, the learning curve never ends, there is never complete and perfect mastery. There is always room for improvement and Anyone who has become proficient at a high level skill will tell you that teaching others will push your own skills forward. It's as effective as anything else you can do to improve. 3. It's fun?
Also: if this inspires new people to join the warrior trading community then that benefits everyone already there (new minds, eyes, voices all contributing to each others success) which greatly improves the user experience for everyone and thus the value of his product increases
Been off and on trading since 2021, but have been consistent every day since May. September will be the first month that I'm green. A huge step, and I owe it all to you Ross. Thanks for being such a great teacher!
Congrats and best of luck I’ve only been able to have 2 months of green and then mess it up with a big red day for the last 3 years I’m hoping to get to 6 months of profitability than loss and hopefully in the future turn that into a yearly goal
@@carmike7671 Thank you! And you got this man, I believe in you!
Honestly I’m in your same predicament
Great job!
Been break even trading for last year. Been struggling on & off 3 1/2 yrs
this man literally determined to be the best. always be better then yesterday
Hey Ross, I really appreciate that in almost every video you review the basic rules that you follow because it re-enforces the knowledge we should all be absorbing. When i first look at a stock I hear your voice in my head, what is the % gain for the day, what is the float, what is the relative volume, what is the news? Is the price between $2 and $20.
I have been waiting for pull backs to enter buying $100 at a time. I set stops 2% below entry with a target exit 3% above entry. Once price has moved up 3% I move stop to entry. I am at a 60% win rate winning $4 to $11at a time.
At the moment, for me, it is not about making a ton of money, but more so about learning low risk objective exectution.
Thank you, Ross for sharing!!!
Great job!
How much trades you take per day?
You always seem to send the message that meets me right where I am. Thanks Ross.
Perfect!
Great video!!! Thank you for really reaching back and helping us out that do have small accounts. So much great info and nuggets from someone with years of Knowledge. This Challenge has me so excited as I'm doing a small cash account challenge too. I believe we are all cheering you on to watch you hit $25k and then some lol. Thank you and keep up the Great work. The Videos are very much appreciated!
Coolest thing is how disciplined your being with your small account even taking days off if you don’t see set ups that you don’t like and not forcing trades even if it means not trading for that day
Really great episode, Ross. One of your best. So excited to be back in the room with you and rest of the Warrior Community Monday morning!
Ross, thank you so much for passing on the knowledge. I'm learning so much from you. No trades yet, just learning for now. Thank you Sir!
Since I been learning these last few months, this is exactly the way my strategy is evolving. Thank you for putting it down for me. I take notes but not nearly good enough. Really need to improve on that
This is one of the best videos you've made till today. Thanking you always Ross.
Best Teacher Ever -Thank you
Small account challenge is so difficult 😢; but it doesn't need to be!! 🎉
I’m struggling with my small account right now, this helps me a lot. Thank you for sharing 👍
Thanks again for another incredible free lesson.
29:38
I worry about getting stopped out on a 1 trade/day cash account. I only say this because it has happened to me 5 times already since I've started and right when I get stopped out, it rips back up. This is leading me to be subjected to jack knives because I'm not setting a stop-loss anymore and just hitting the close button if things go slightly lower than where I'd initially set a stop loss.
This happens to me also and ended up doing as you described. I place the buy then set the stop and as soon as the stop is set my stock is sold. Does anyone know if Ross is buying at market, bid or ask? I'm still a beginner. Then also, does he sell at market, bid, or ask?
That's because computers set their price push to end past everyone else's perceived stop loss, to grab all the liquidity. You should look at videos on how market makers create liquidity, so you'll get a better sense of where to put your stop loss. Also, why are you on 1 trade a day if you're on a cash account? You have unlimited day trades, even if you use all your cash on your first trade of the day, you can still sell the stock in parts (multiple daytrades) but ofc I would just recommend you take a bunch of small trades, like if u have 1k you can tell yourself you have 4 day trades every day of max 250 each and your risk will be much lower cause you are never taking big positions and it's much easier psychologically to sell at a profit or a loss if u have to cause u know u have more daytrades. Hope that helps
Basically to pit it simpler I'd recommend you put your entry at where you put you stop loss from now on and also pay attention to the indexes like S&P 500 when u trade, most stocks move along with the indexes, if the market is red it's very likely a stock will find to much resistance and reverse at points where it doesn't seem like it should, that's where the computers come in and attack everyone's stop loss, so set your entry at your current stop loss
I know you're explaining things so well but wow there's so much to have to watch. I thought i was finally ready to pull the plug and start real money trading but I need to learn more. i don't want to gamble, i want to make a living.
You can't learn experience unless you do the thing 😅
Awesome video! Answered my previous question I had about placing orders and initial moves. Very helpful. Thank you!
Next account challenge would be awesome from a phone! You could totally do it!
Of corse HE can...but we want to do it for ourselves. He's a professional with over a decade of experience. You can't teach experience
Completely agree but there’s always exceptions as in UXIN on Thursday. 180M float 40 M Vol but incredible RVOL and goes up 90%. When it’s Chinese, you can throw all the rules out. Don’t know if it’s organized Prop traders in Hong Kong or what. But as we say in aviation “it is what it is.”
if there is anything to take from this, its. draw, scribble chart set up. read information and highlight key words. talk out loud to yourself through patterns
Good compass heading a daily review to bring me back on course
You are the man Ross! I have learned so much from you. Just wish your subs were cheaper. I would be all over that if they were. Maybe one day...
And thank u for all your videos and sharing with us
U mean the world to me
Thanks Ross really appreciate the content
One of the best with so much to absorb.
Thank you Ross.
Do you only have the alert to go off for small cap momentum stocks up 10% in 10min in your scanner or do u find it better select every option?
Top tier trading education here. Thank you.
Example Pre-Market Strategy:
ONCO
$5.88
- Buy 2,600 Shares
- Set Sell at $6.10
- Select Sell Order at $5.77 but Only Select Confirm if Price Goes Down to that Area
- If Price Goes up to $6.10 you profit, if it goes down you sell at an $0.11 loss compared to $0.22 win 1:2 ratio
I would set a stop order, if your risking 11 cents, your target would need to be at minimum 22 cents. With a 60 percent chance of success and a 2 to 1 risk reward, your looking at a b or better trade setup. 3 to one or more would be better. Noone should really be taking less than b trades, they will eat your money and leave diarrhea in its place
Been using his strat for a while
Should be able to get a nice pop for like 30+ cents at the market open every time usually
@@irepmakaz7814 valuable insight sir
Small account challenge... You mean my life right now
This video REALLY motivates me to dust off my paper trading account and give it another go.
Now is a great time to be in he market! we also have a 2 week trail going right now! www.warriortrading.com/pro-preview-trial/
good Strategy and super , i will try to implement it and thankyou
Thanks Ross! You are the best. I just started trading and it is already going well! Thanks to you. What is your main chart you are looking at? 1 minute chart?
You got it! I have the 1min 5min and daily charts!
in regards to how you said putting all your funds into one trade, $25k risk 10 cents to makes 20 cents minimum. That would require at most a 1% stop loss to avoid risking more than 1% of your account per trade. Is this achievable? I find most trades on these small caps, closest stop to my entry I can achieve is around 4% what is average percentage that your stop is from your entry point?
Hi Ross, very excited to listen to your episodes. I want to start with a small capital to learn and continue slowly. I need your advise
If you haven't had a chance to attend yet, one of the best ways to learn how to get started with trading would be to join us in our next day trading class. The class is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
I have just signed up for tomorrow! You are an incredible person for providing this! @@DaytradeWarrior
Wow, I'm really enjoying it
Great video Ross, thank you
Hey Ross, you're just incredible!
Shout out to stock twits
I couldn't have done it without u
once again thanks Ross
Ross how do you manage quick exits during pre-market and mitigate risks? As my understanding is that you aren’t able to place stop loss during this time.
Correct! I just use mental stops if the price reaches my stop I just sell the position
This question might go better with other videos Ross put out. So let's say i buy at 4%ish after noticing a stock going up. Is there generally a cut off of how high stocks tend to shoot up in a period of time? Like let's say it goes up 20% then the next day more. Is there an amount I should just take my earnings and go? I know to look out for candlestick patterns but is there any other things I should look out for like percentage gains?
Thank you Ross 👍🏻
Yur setting in yur platform, can we make the same for Webull platform?!
thank you so much Ross!
Hey Ross! Are you done with the small account challenge? Are there anymore tips for us who has a small account.
Nope still going! will have a recap soon!
How many hrs should I wake up before market open? I feel like by the time market opens I’m trading the back side of the move
I start at 7am est!
I wait until after 9:40. But I only take 2 trades a day
@dionboose are you trading the 5min opening strategy?
@@user_abcxyzz I’m not sure what that 5 minute open strategy is. Has Ross done a video on that?
Thank you big bro this is huge
Hey Ross! Would you be able to show us Scan filters settings in TOS that would have all the criterias included and to be good movers for the day? Can't seem to find the right scan filters😢. Thank You!
Hey this is why I created our own scanners for Warrior members! the TOS scanners are just too limited
Hi! I'm a bit stuck with where you learned the information about the 40:1 stock split. Was it from Form SC 13D?
Yes they can slip the reverse splits in different types of pr's and filings
How can you day trade on sink or swim with a small account and avoid PDT? Thanks!
no they still have the pdt rule
Hi Ross what offshore broker do you recommend.
He always talks about CMEG or CEMG. It's one of those
(12:30) Sounds like some serious real time payment for order flow stuff at market price. … I hate slippage as it can result in wash stock lots.
Question about the candles, is it best to have them at the 5 second, 15 second, 30 second, or 1 minute? Thanks
Depends on your preference. Personally I like the 1 minute because I don’t overreact to red candles that appear more often on the 5s or 10s etc. and the 5 minute seems too broad because I might miss the reversal … especially when I compartmentalize my profit targets at $0.05, $0.10, $0.15, $0.20, $0.25 etc. and if you’re trading momentum 5 minutes could be the difference between a good profit or drastic loss
Ross any ideas as to how to find time to learn when having a full time job?
I have so much knowledge and just not alot of active hours in applying it because I work 7:30-4 everyday
Hey ! If you are taking the classes many people to them early or at night if they are still working 9-5.. Also for market experience you can always check back on the charts how a stock performed by looking at the patterns.. Also some Free brokers offer a market replay and you can play the market as a replay like it is realtime
@@DaytradeWarrior thank you Ross!
I’ll look into finding some replay brokers
Ross how do you get the float etc on your chart?
It is part of the Warrior software!
СПАСИБО.!!!!!🤗
Thanks!
Hi, does anyone know the indicator name for his "float" in tradingview?
OMG, Ross you are amazing :))
Thank you so much for creating such a great content, I really appreciate your effort.
I am trying to implement your strategy in the simulator, but my orders are getting filled on time and I am losing the opportunity of right entry! do you have a trick to enter the market by making an offset on entry and exit? I will appreaciate it if you explain a bit more about the very executive micro-policies of how you are analysing and executing the entry/Exit points.
Big Hug
I do use offsets on my order to allow a little bit of slippage. I’m using level 2 and the tape to confirm my entries/exits. I wait for bursts or buying/selling
Ross when you say 3-5 trades a day during the 1 trade a day Im a bit misunderstood, are you saying adding and selling throughout the one cycle?
I believe he is saying he will usually get 3-5 A+ quality trade opportunities per day, and you have to choose based on your intuition, which you are going to choose to trade that day...
If I understood correctly...
@@rob2937 thank you so much
The less money you have the more you lose unfortunately. Especially when you start out with a lot while learning. You learn that you can lose A LOT in a short time… so you double down and lose double. By the time you learn the more you expect to make to make up for the big losses which isn’t going to work. Sit it out, build up the original cash position, and try again with the extra experience.
great vid!
what time frame do you use mostly
Hey I use the 1 min 5 min and daily!
@ thank you for answering I just started trading a week ago and watching a lot of your content
Can you recommend a good broker for trading penny stocks in the UK ?
I got a question with these small accounts are you going all in for your trades and if so at what point do you start easing the breaks.
Great question! usually once the account grows to an amount where i don't have to apply 70 to 90% of the account to a single trade.. Example If the account is at 50k i am not going to be trading the full balance every trade
@@DaytradeWarrior Thanks for breaking it down!❤️ I thought I was a mad man for going all in for every trade.
question ? 90% WIN rate is Great ( BUT ) what is the ( Profit ) for this WIN rate . or better yet a per share AVERAGE Profit .
I am wondering if you sometimes get caught with stop hunting when your stop is that tight? I don't know how to avoid this. Hope you can make a vid about this
Stop hunting mostly applies to live stops not mental stops!
Thx Ross. Do you wait for the candle close, or you close once it touches your planned exit price?
thanks for this
Thank you
What is the appropriate level of retracement for the micro pullback strategy? Too much, it's in a down trend. Too little, there's not enough resting time for the move higher.
Yes it is all about the price action and volume we have seen stocks make a full retracement to 0% on the day and all the way back to up 100% and continue higher this is oftentimes why i wait for it to curl up and continue
By the time i see any stocks that fit, they have gone up already and i lose money everytime. And there is no way i can afford 200 dollars a month for his scanners, not a millionaire not sure how many here are so this is pointless for me. But still great info and happy for you buddy
There’s other scanners that aren’t that expensive. Finviz is like $40 a month and you can set up the same filters.
I need to work on this too.
Sir can you tell me which platform you are trading and can anyone copy you while trading?
He said sink or swim, but they don't allow day trading on a small account? Or am I wrong?
Much appreciated video! Thank you!!
Ross where do you find the updated news
The Warrior News feed! www.warriortrading.com/pro-preview-trial/
I think the hardest question is when to pull out. Always eager and many good times to enter, but pulling out too late happens all too often. Is there some protection against this?
Yes definitely in the technical patterns we are trading they often times give exit or topping signals in the form of candle patterns or moving averages
@@DaytradeWarrior like how i asked a serious and proper question with hidden sexual innuendo?
So do wait until it drops some to exit and not capture the full move? Or do you aim to capture the full move and exit at the tippy top?
For micro pull back strategy, how to setup trade so quickly like setting stop loss and making entry instantaneously?
Idk if he mentions it but he does have offset hotkeys for entry, like buy +2 cents or something like that, as well as he's said before a majority of his stops are arbitrary
Depending on the trade if I am using hot keys I can get in and out very quick
Ross, when you showed the screen shot of the scanner why did it show "(offline - 9/27)" and "15:55:00 - 16:00:00"? If I'm going to learn to pick these stocks in real time I want to see the screen shot at the time you are deciding the stock is good to trade not at the end of the day after it is obvious which stocks should have been traded.
The market was closed when i recorded this video! all the scanners update Realtime 4am to 8pm Est Monday to Friday
@@DaytradeWarrior That was my point Ross. Its always easy to look back at the trading day and say this is the stock I traded at this particular time. Why don't you screen shot the scanner at the time you see the setup and know you are going to take the trade? And then how about a screen shot of your Think or Swim Filled Orders list for the day so we could see exactly what you traded, how much, and when? It would make it more believable and me more likely to get a Warrior membership or trial.
Thanks for all the great information
🌟🌟🌟
31:15
You're amazing my brother when are you coming into New York City to do another book signing? I'm in Allentown Pennsylvania and about an hour and 20 minutes. I want to meet you and have you sign a book. I hope to hear back thank you.
Hey! I will have to find some time in the near future!
Sniper!!
Ross, why couldn't you take a trade on Game Stop at $200/share with a $1K account? You could buy 5 shares in this situation. You would still make the same percentage gain or loss as you would in a large account.
I could have and i did trade GameStop when it was moving back in 2021 but it is currently at 22$ per share
@@DaytradeWarrior I wasn't talking about the current price it is at. In the video you said you couldn't afford to trade Game Stop in the small account when it was $200, $300, $400 a share. My point is, yes you could have because it was below your $1K value of the small account so you could have traded it and bought 5, 3, or 2 shares depending on the price. Your percentage gain or loss on the trade would have been the same regardless if you used a small or large value account. I don't get why the price of a stock really makes a difference when you are trading small value or large value accounts unless the price of a single share of stock is more than the value of your small account, which in your Game Stop example it was not.
If he only buys 5 shares, and the price only goes up $1 then he only makes $5 dollars. He traded GameStop when it was going parabolic. The lower price stocks he can buy 1,000 shares and if it goes up 1 dollar then he has made $1,000.
@@DJ_EASY Well if Game Stop was going parabolic from 200 to 300 to 400 and he purchased 5 shares @ 200 with the $1K account that means the per share price increased $200 and that multiplied by 5 is $1000. So he would have doubled his account value just like he would have done with the large account. If Game Stop had only been going up by $1 when it was at $200/share the volatility wouldn't have been there and it would not have made sense to buy with the large account or the small account. So, unless a share of a stock is priced above the value of the small account, this concept of it being to expensive to buy is false.
@40:00 - What if there is a lot of BOTH buying and selling? I see this all the time and I hesitate - not good.
It's hard to know your exact scenario, but I'd say that qualifies as "thickly traded" and best to stay away from it at that time.
Stock market is open at 7am?
Depends on whether or not your broker will allow you to trade at that time,
Pre-market opens at 4 a.m. EST
The market opens at 930 am est.. premarket starts at 4am est!
@@DaytradeWarrior How to open an order at premarket? Most brokerage accounts don't allow opening of positions when market is not open.
In premarket session there are no active candle sticks, fell like I'm trading blind. Emil
There are if you enable premarket data on your charts.
thing's to remember WIN RATE means nothing without a net net Profit . what is the Profit .
its hard to find those mini pull back after market open
He spends alot of time on a 10 second chart looking for those micro pull backs.
Is this a 1m timeframe?
The 1min and 5min
Does this guy live stream?
Only for Warrior Trading members
Yes! we offer the live stream to warrior pro members ! you can check out the trial here ! www.warriortrading.com/pro-preview-trial/
Settlement takes 2-3 business days, not 1 day. Taking one trade a day and waiting 3 more days to trade again is too slow for me
They changed settlement period to T1, it’s been one day since May 31, 2024
1 trade a day and 9 winners in a row seems really unlikely. Especially if your goal is to break even if a trade doesn’t go up right away. 🧐
If you jump in the comunity, you will find he's killing it.
why now 0 -20 and other vids 1-5 dollar?
$2-5 is a sweet spot, but in general I’ll trade most price ranges if there is momentum, I just prefer lower priced
@@DaytradeWarrior Love your videos! I've learned a lot and continue to learn more. How much do you charge monthly to trade live alongside you?
Is it just me or is GME getting hot?
👏👏👏👌👌👌👌
I'm wondering why you bother making youtube videos since you know how to be rich.
1. Diversification of revenue stream. When you own your own business you have to build in redundancy on multiple levels.
2. In a skill like trading, the learning curve never ends, there is never complete and perfect mastery. There is always room for improvement and Anyone who has become proficient at a high level skill will tell you that teaching others will push your own skills forward. It's as effective as anything else you can do to improve.
3. It's fun?
Also: if this inspires new people to join the warrior trading community then that benefits everyone already there (new minds, eyes, voices all contributing to each others success) which greatly improves the user experience for everyone and thus the value of his product increases
Ross is a teacher at his core, its s natural part of who he is. It shows up in the consistency of his information!
Here is a video I did on the topic The REAL Reason Why I Make RUclips Videos...
ruclips.net/video/rO_1Ygle4lU/видео.html
@@DaytradeWarrior great video Ross. Sorry, didn't mean to speak for you!
Put it all in BLK and walk away....
@Ross Cameron .love your videos , Ross, how much do you charge monthly to trade alongside with you?
Hey you can check out the trial here ! www.warriortrading.com/pro-preview-trial/