I’m in Trader Rehab!

[@alchemyalligator4431]

Ross, I’m right there with you. Went from 15 day green streak in January to 15 day red streak in February. Today was my first green day in a while those small it gives me the confidence I need to go on. I guess I’m gonna kind of trader rehab myself, thanks for your video again

[@DaytradeWarrior]

👍🤓

[@johndeopaduaART]

How long have you been trading using this method?

[@djskyboi]

Keep your head up. Exactly me too.

[@armonafdjeie]

Bring back the Driving with Ross series. been following for 4-5 years this always has been my favorite format, enjoy listening to these well driving myself.

[@DaytradeWarrior]

👍🤓

[@williamhunt5456]

Thanks, Ross. I'm new and appreciate this trader rehab video. I recently took a different path. I turned my apparent day trade loss into a swing trade and held 2 trades overnight with limit orders. I took time off trading. The one trade sold at target profit 12 days later. I still hold the 2nd and it is still floundering. I'm told Warren Buffet said, "The stock market is the place where the impatient pay money to the patient." Well, right now I'm being patient. Of course I've made (lost) no money in the interim. I'm not committed to full-time day trading at this time, partially being not secure enough with my finances. Your channel is inspiring and informative.

[@commentoria]

I often say a swing trade is a day trade that didn't work out, however those have only been profitable for me a very small percentage of the time.

[@DaytradeWarrior]

You're welcome William!

[@discernment4theSoul]

Hang in there Ross! Appreciate the way you talk through these things.

[@DaytradeWarrior]

Thank you Chris!

[@davideymer8951]

Haha Ross you’re not alone bro. This market is freaking tough!!! So much chop, no momo, barely any gappers worth trading. It’s been one of the hardest periods of Trading I’ve gone through. I think this is true for a lot of traders in the market.

[@sampareti]

2nd this

[@DavidLee-qy4yv]

i think i picked a really bad time to start TRYIng to learn how to trade

[@tradez5799]

@@DavidLee-qy4yv nah. This is the best time. Just gotta learn the patterns. It’s not actually that hard once you see the bigger picture

[@timpiper8369]

It's all backwards rate now, everyone is scared with the markets and the fed., stay strong, still got a little more to go with the rates, so looking forward for the rates to be done. Wishing everyone our moment. Thank you for everything you share with us little guys.

[@DaytradeWarrior]

👍🤓

[@laffytaffycrew]

Love how genuine this is. Keep at it Ross! “Discipline is choosing between what you want now and what you want most.” -Abraham Lincoln

[@DaytradeWarrior]

Thank you Misael!

[@Atlantisforum]

You're not alone with the FOMO on LUNR. I am in a bit of trader rehab right now and I was really teased by LUNR but I stayed out and turned off my trader platform at 830 PST as planned. Missed a lot with it but could have been a big loss. Like you said, it is so easy to go "but this is really good, so I will follow my plan tomorrow. Make an exception. Then tomorrow, make another exception. And so forth. Thanks for the good summary and reminder that while I missed out on it today I followed my stop plan up $2500. That is a great day!

[@DaytradeWarrior]

👍🤓

[@user-elias123]

How do you process missed opportunities? For me it's sometimes painful to know that you could've taken trades that could've made you money.

[@philliphogue2890]

Having to admit you need to put yourself in rehab is the first step and the hardest to overcome. Mine starts tomorrow!

[@vladimirkaric681]

After you lose that long position 😅

[@I_Am__No___One]

Checking in to trader rehab

[@DaytradeWarrior]

🤓👍

[@michaels6129]

I knew you were taking the rehab seriously when you didn’t jump into LUNR lol. Great job, Ross. You’ll be back to crushing it in no time, you’re track record can confirm your abilities on that.

[@DaytradeWarrior]

Thank you!

[@Larissa-fq3ix]

You got this Ross 💪🏼💪🏼 thanks as always for your transparency. You continue to be the best trader and educator I know!!!

[@ajitsingh3221]

Hey Larissa, missing you in WT community

[@Larissa-fq3ix]

@@ajitsingh3221 thanks, I’m still there! Just laying low. ☺️

[@DaytradeWarrior]

Thank you Larissa! 🙌🙏

[@WilliamNoahSchnapp]

Hey Ross, Loving the change in scenery for all of your videos! Would it be possible to use a microphone in the car? I watch pretty much all your content that comes out and notice it's a bit more difficult to understand the car videos with the background hum/driving noise. As also- Long time viewer here and Have many questions/but more importantly would love to chat with you and share takeaways/interpretations of your Lessons that greatly helped me as a New Trader so that others can learn in their own way as well! Looking forward to the opportunity Sir!

[@brianlueken7705]

I think you're going about it exactly right. If you had 5 green days last week, you would've been in Lunr today.
The next time you are on a green streak, something else will be out there.
I love to psycho-analyze probabilities, when it comes to trading. I think doing that, takes out a lot of the uneasiness, once you have gotten a decent amount of time in, to look back on.
Based on your career to date, it's extremely unlikely that you will break your losing streak record - because of how successful you are at making adjustments when they need to be made.
Even if you have a red month, the likelihood that you'll have 2 or 3 red months in a row is probably close to zero.
Soon enough, the rough patch will be comfortably in the past, and it is possible (and maybe likely), that you are already past it.
With the above said - sidenote reminder: how many years have you been trading during a worldwide epidemic, immediately followed by massive inflation, immediately followed by threats by multiple countries launching nuclear weapons?
Times are constantly changing, and you're an excellent constant adapter.

[@DaytradeWarrior]

👍🤓

[@user-elias123]

yepp, Ross is the goat!

[@zekeeldridge]

I greatly appreciate your time and efforts Ross...outstanding advice. Thank you.

[@DaytradeWarrior]

You're welcome!

[@I_Am__No___One]

This was huge. Thank you.

[@DaytradeWarrior]

You're welcome!

[@chrmartube]

I'm finding that the emotional aspect of trading I pretty hard to deal with. It's getting better for me but didn't realize the stress level would be so high. This video made me feel much more relaxed know you go through the same emotions. Thanks for sharing your experience.

[@DaytradeWarrior]

You're welcome!

[@lbz_2k732]

I feel the same thing here. I mean the wall street did not play penny stock these days so is hard to win the win money. Nobody plays. No money in just money out. No good. Need volum

[@DaytradeWarrior]

👍🤓

[@stevegorniak5140]

Thanks for this video Ross!

[@DaytradeWarrior]

You're welcome Steve!

[@uaspuck587]

Stay strong.

[@DaytradeWarrior]

💪

[@DappCentre]

Im heading there soon..

[@DaytradeWarrior]

👍🤓

[@whoaitstiger]

This really gives you an idea of the level of emotional intelligence you learn from trading. Most people spend their entire life with nothing even close to this awareness of their own emotional state and their own tolerance for emotional pain on any given day.

[@DaytradeWarrior]

🙏💪

[@troyh2706]

Always love your honesty. Thank you for that. I also put myself in a trader rehab. Three green days in a row, but not much green. However, green is better than red. I didn't even hold a winner long enough today, but I am still happy having made a dent on my losses.

[@DaytradeWarrior]

Thank you Troy!

[@user-elias123]

What made you decide to take a step back if you're green?

[@troyh2706]

@@user-elias123 I am sorry for the confusion. Here is the clarification. I was red for about a week and a half. Obviously, I was doing something wrong. So, I put myself in trader rehab. I re-evaluated my journal, and what I did. I discovered I had gotten a little over confident in my abilities from successive green days. I discovered that I stopped respecting my equity risk, I was over trading, and even "revenge" trading, just generally not making good decisions.
So, in my trader rehab, I lowered my share size; respected my equity risk; gave my trades time to "breathe", but took the base hits; yes, leaving money on the table, and was successful in the short week we had. This week, I learned two more lessons in the market. I did well on my first trade yesterday, but again was overconfident (due to the previous good week I had), and gave half of my profits back. And, today, I gave the rest back. So, I am even for the week. need to adjust again. Hope this helps clarify that I did not step back while green.

[@user-elias123]

@@troyh2706 yes now I understood, thanks for sharing! Feel you, especially when it comes to revenge trading.
When you say you've been overconfident this week, do you mean you take relatively oversized positions or you neglect mental stop losses that you set before entering a trade?
My big challenge has been revenge trading - taking trades I shouldn't be in with too much size.

[@troyh2706]

@@user-elias123 Prior to my trader rehab, I had success and my overconfidence had me "imagining" a good set up; thinking I was invincible. LOL. That gambling of course did not work in my favor. And, then, since I hate losing, I found myself yes, lowering my mental stop. I even went so far as to buy more (in a long position), to lower my avg price; still losing mind you. How stupid is that??!! And yes, revenge trading, with the same imagined set up that was not really there. Then I had this bright idea that I could swing trade. I have never been green on a single swing trade; because I do not know what I am doing, or what to look for. Yes, I paid some "tuition", but learned a lot from my failures. In current rehab, I am averaging about 3.5% profit per day on the equity I utilize. On Tuesday, I gave back my Monday gains and then some unfortunately. The market was weak for me, and I tried to make something happen. I need to remember that it is okay to not trade if my set up is not there. I just love this so much. However, today was a good day for me, so back to green for the week thus far. Actually looking forward to "Freefall" Friday.

[@willschneider6668]

Stick with plan and process your good

[@DaytradeWarrior]

👍🤓

[@robpeters2296]

I understand your frustration on that last trade I would have been so so frustrated!! The best thing is to look for a similar setup and after you conquer it say you made that trade instead

[@karima8896]

Love your content Ross. Invaluable to the trading community…especially the psychological/emotional aspects and how a seasoned trader such as yourself deals/processes this aspect of trading. Appreciate your posts. Thank you.

[@DaytradeWarrior]

Thank you Karim!

[@jameskeeler6321]

Thanks for the video. I agree take a breather and when your ready take baby steps in the trading. Another method is to paper trade. until you get your mojo back.

[@DaytradeWarrior]

You're welcome James!

[@iAmDocCid]

1st! All good Ross now worries the swings happen, even the right decisions = a loss, it only matters that more often than not they = profit. Thanks for letting us take the ride with you.

[@DaytradeWarrior]

You're welcome!

[@adamsmith6731]

The biggest way I get over FOMO on a missed out trade is knowing there is always another trade in the coming days…always. As soon as the trading day is over I’m already mentally preparing for the next day.

[@DaytradeWarrior]

👍🤓

[@ryansm3417]

I'm a prime candidate for trader rehab myself. I think I'm going to cut share size in half starting tomorrow because I've clearly been trading with no discipline.

[@DaytradeWarrior]

👍🤓

[@outdoorvision4806]

Bro these videos are so awesome. I can relate 😂👍🏻

[@DaytradeWarrior]

Thank you!

[@juanmaltez840]

Thanks for sharing, sir
Could you Create an A.I. to keep you on rehab, UNTIL you prove to the "mentor" A.I. only then you will trade as normal days. Find a harmony in your life

[@DaytradeWarrior]

You're welcome!

[@juanmaltez840]

@Warrior Trading no problem!

[@xithbaby]

Hey Ross, can you help me understand something? So, I found a stock yesterday that had a conference call. I listened to it, it was amazing news. They increased profit all around and had projects coming up which would increase their earnings over the next 5 years or something. There were a bunch of people who bought in during the call, I was one of them. The call lasted 30 minutes, but the second we moved a few cents people started selling and the price went below open. Who in their right mind sells on hearing good news about the company? I don't understand why this happens so much.

[@joe-qw3id]

Thanks for sharing.

[@DaytradeWarrior]

You're welcome Joe!

[@janetdungan2878]

yeah this week is honestly scaring me, too much red

[@DaytradeWarrior]

👍🤓

[@chashdeveloper]

Me too!! Super confusing no clear direction nothing

[@DaytradeWarrior]

👍🤓

[@supersport22]

Yep. I feel you. The last two weeks for me have been tough. It seems every decision I make is the wrong one. For me adjusting to a bear market is counter intuitive. What normally works is now backfiring.

[@DaytradeWarrior]

👍🤓

[@paultrainor5613]

Great conversation, are you driving an EV. So quiet

[@DaytradeWarrior]

Thank you!

[@josesolis3475]

Same lol Tuesday was brutal for me today I did pretty good

[@gonzowithseanzo2751]

Thanks Ross

[@DaytradeWarrior]

You're welcome!

[@Sillyworld82]

I trimmed my portfolio by 50% yesterday to protect my emotional state so I understand those emotions. I'm not a day trader but I do invest regularly and I was feeling overextended in my strategy. Watching your videos about loss and mitigation have helped strengthen my resolve in decision making 💪🏾

[@DaytradeWarrior]

Great job Damian!

[@F22Ra]

This guy is the most truthful day trader out there. He also makes me laugh, red or green.

[@DaytradeWarrior]

Thanks John!

[@shaggy937]

You made the right call! A ten dollar spread is too much risk, especially coming out of a slump.

[@DaytradeWarrior]

👍🤓

[@willieguz3040]

very good topic this is need it for new trader as well for those who has loss hope , but thanks for the video never give up but need to have courage and funds to continue trading after a very red day

[@DaytradeWarrior]

Thank you!

[@willieguz3040]

Hi question you are else into crypto trading

[@getrichordietrading]

Thanks a lot Ross. These videos really help.

[@DaytradeWarrior]

You're welcome!

[@ivanthegreat5831]

appreciate your video ... I can relate

[@DaytradeWarrior]

Thank you!

[@charleskramer1411]

I had LUNR on watch since IPO. Today of all days I couldn't trade til like 12 ish. I was absolutely livid!!! Not only was on watch but, had it set up with order entry, lvl2 and T&S ! One day in this year I came in late n seen it breaking 100 lvls. Absolutely devastating. I do not mind missing out on a runner. I absolutely hate that I missed one I had already setup for the last week ready to go!! Unbelievable. Made 120$ but absolutely should have been easily several K in 5 figures. So that's the result and reason for frustration. Guess I should be happy being green I know. But that absolutely blows!!! Okay I am done lol see ya tomorrow morning 🌄 barring something goofy and if I am missing, look for a parabolic move ! Lol Uncle Steve cheered me up tho. Lol gn 😴 💤

[@phillyjilly]

This is REDiculous!!!! Nice wording

[@DaytradeWarrior]

👍😂

[@jacobleedowney]

Would you make a video defining what is an A quality set up?

[@DaytradeWarrior]

That's something Ross talks about in his live webinars: 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/

[@user-mz4ep4hy8s]

Last 6 days market has been in a downtrend not much range on SPX so this may have something to do with red days. Personally I have not traded the last week or so I’m not seeing any good setups.

[@christianmaitner1403]

definitely not unprecedented.. been there many times :) FOMO was heavy on LUNR too!

[@DaytradeWarrior]

👍🤓

[@mikeadaml]

Thank you coach

[@DaytradeWarrior]

You're welcome Yosef!

[@lisan7775]

I didn't trade it either. I can't afford the loss. Made me ill to watch it go up.

[@johncorrea4750]

Great in sigh! thank you Ross👍

[@DaytradeWarrior]

You're welcome John!

[@DavidLee-qy4yv]

great video, as usual

[@DaytradeWarrior]

Thank you David!

[@Invisible010]

Ross why don’t you start a small account challenge it’s kind of like a rehab for you

[@DaytradeWarrior]

Ross has been contemplating starting a new small account challenge.

[@kenpreville168]

Are you talking about LUNR? I had a green day and jumped into it and loss

[@kevincampos3797]

How about going to paper traing when you are in trader rehab? Then come back after you are consistently winning again in paper trading and you are confident.

[@DaytradeWarrior]

Hey Kevin, That is always a smart thing to do!

[@06outlaw]

I've been trading momentum stocks I learned from yours truly Ross for 3 years now and the last 2 weeks have been extremely slow for me also. Profits smaller losses bigger for trying over reach for lack of opportunities. Heard you say had 6 days straight same time year 3 year's ago. Is it typically slow this time year? Ross? Thank you for your content sir always helpful!

[@1realtruthrightnow742]

All I need to make is 200 a day to pay my bills. I'm not looking for thousands a day, or to the moon runners just 200 a day. Anyone have any suggestions on what I should be focusing on to achieve this with the least amount of risk? I'm working with 10K

[@Jp-ui3fw]

@@1realtruthrightnow742 focus on trading in the morning with penny stocks,(stocks lower then like 30$)
Buy like 3000$ worth of shares when u see an uphill trend and sell ur shares when it goes up. Chart analysis can help a lot with knowing what’s about to happen next. Here’s a good penny stock
Lazr that’s the symbol
Also don’t use leverage

[@1realtruthrightnow742]

@@Jp-ui3fw I seem to be getting hammered on the Pennies bro. I thought Penny stocks were stocks that were $5 and below. OK, I appreciate the tip. I think I need to up my Chart analysis game too. Thank you very much for responding

[@DaytradeWarrior]

Yes this time of year is typically slow. You're welcome!

[@mateodemaj6871]

show me the way sempai bcs in this market almost nothing works, sometimes it looks like the risk is higher than the reward.

[@henriettatan]

Makes me feel better 😇

[@DaytradeWarrior]

👍🤓

[@johnvargas761]

you should trade live

[@DaytradeWarrior]

👍🤓

[@K5VGU]

FOMOing bigtime on LUNR.

[@DappCentre]

❤❤

[@DaytradeWarrior]

👍🤓

[@MrMcQuade]

Living that struggle now! Bad red week. Holding a 10k loss at the moment. Debating holding for a long trade since the price target is at least quadruple the current price

[@DaytradeWarrior]

👍🤓

[@exhaust10]

trading is risky, shits happens.. but at the end of the day the most important thing is to learn from it..

[@DaytradeWarrior]

👍🤓

[@CryptoGrit]

How do you define wheather losses come from bad emotional state or bad strategy?

[@DaytradeWarrior]

That's hard to say, but you can usually tell which is to blame.

[@jonnysvirtualtour]

Streaming or recording videos driving is not safe. We care about your safety Ross.

[@DaytradeWarrior]

Thank you!

[@cj7651]

Win some lose some. As long as the outcome is income.

[@DaytradeWarrior]

👍🤓

[@1realtruthrightnow742]

All I need to make is 200 a day to pay my bills. I'm not looking for thousands a day, or to the moon runners just 200 a day. Anyone have any suggestions on what I should be focusing on to achieve this with the least amount of risk? I'm working with 10K

[@zettkusanagi6322]

im beginning my 3rd year as a full time trader...OMG.. I just want to be like you guys... Red days? yeah... lets keep going. I do hope that year 3 will slowly begin to get better for me. I been watching your vids lots and lots. Thank you for the advice, inspirations, and sharing when things get rough.

[@johndeopaduaART]

How has your journey been?

[@user-elias123]

Also interested to know. I used to trade full-time but it was way too exhausting for me

[@user-elias123]

@@johndeopaduaART do you also think about trading full-time?

[@traderryan713]

Yep, gotta do it. Pretty much how i handle my drawdowns too. Gotta stay patient and positive!

[@DaytradeWarrior]

Thank you!

[@RiskOonTrading]

I missed it too

[@DaytradeWarrior]

👍🤓

[@johnvargas761]

Hey man I lose 300 bucks that hurt me and im feeling it to maybe not as much as you but still down 3 days

[@DaytradeWarrior]

It's all relative. Dealing with losses is always tough.

[@Platypus-Dreams]

Ross's favourite band...
Greenday

[@DaytradeWarrior]

👍😂

[@jackpeabs]

more episodes like this!!

[@DaytradeWarrior]

👍🤓

[@nicknico4121]

11:00 that big red day, wasn't it on your birthday in 2021?

[@DaytradeWarrior]

It was!

[@aaronmyers4147]

How long do you recommend trading in a simulator before trading for real? Until you’ve made a certain dollar amount? percentage increase? number of trades? Maybe a different criterion?

[@DaytradeWarrior]

You should be trading in the simulator until you have a solid profitable strategy.

[@Screamingz1]

Ross is a money printing machine. He’ll recover 👌🏻

[@DaytradeWarrior]

👍😂

[@austinmen4709]

Ross Da Boss, lean GREEN, day trade'n Machine 🎸

[@DaytradeWarrior]

Thank you Austin!

[@austinmen4709]

@@DaytradeWarrior 😎

[@luislugo3800]

I have been red for the las 3 days in a row

[@DaytradeWarrior]

Sorry to hear that luis.

[@luislugo3800]

@@DaytradeWarrior it's part of the never ending learning of the market

[@Benb9903]

Rehab that man bun dawg. Lol..

[@DaytradeWarrior]

👍😂

[@commentoria]

What is your daily goal earning size based on the amount in your account, not including any margin,. Meaning if you have $5000 in your account, what should be your daily earning goal? Spammers, don't reply plz.

[@thebobchannel3000]

It could be a whole branch of psychotherapy.

[@scottmontgomery1124]

Down 1500, then up 300, then down 500 and finished with 50 dollars profit. I sat in that chair all day for 50 dollars. What sh!t show it was for me today

[@graffiti73]

well look on the bright side, that's 50 dollars more than what you woke up with.

[@DaytradeWarrior]

👍🤓

[@scottmontgomery1124]

@@graffiti73 Yeah that’s right 👍

[@louiludog]

I'm 3 months into trader rehab 😂

[@outdoorvision4806]

Hahaha nice 😂

[@DaytradeWarrior]

👍🤓

[@solvingphysics]

Ross, I don’t follow why you’re concerned about spreads or $6 drop on a $40 stock. That’s the same as a $0.6 drop on a $4 stock, just need to use 1/10th the share size. Any other reason?

[@commentoria]

I don't think he means a 6 percent drop. I think he means a 6 dollar drop, which is a 15 percent drop.

[@solvingphysics]

Yeah sorry $6 drop on $40 is the same relatively as $0.6 on $4.

[@tonykozar2657]

yep

[@DaytradeWarrior]

👍🤓

[@timoasmara6267]

Wow how did you miss LUNR today, I got alert early and it was shooting.I wish you a speedy recovery and blessings.

[@timoasmara6267]

@user-qk3rs8nh1x ok what

[@timoasmara6267]

@user-qk3rs8nh1x how much do you need blood thirsty parasites, why don’t leave us alone to have a genuine friendship with my virtual friends.

[@DaytradeWarrior]

👍🤓

[@johnwillis5279]

You should move to Florida. At least when I lose I can still count on the sun being out 😄

[@DaytradeWarrior]

👍🤓

[@TeamLeaderPG]

The secret is doing trader rehab in the chair.

[@DaytradeWarrior]

👍🤓

[@Exzal123]

Red day culous xD

[@DaytradeWarrior]

👍

[@nailcarter1523]

Ocea ross

[@DaytradeWarrior]

👍

[@rootsthe1]

Ross Boss 👍🏾✊🏾✌🏾💪🏾📈⌨️📉🖥🖱

[@DaytradeWarrior]

Thank you Curtis!

[@willschneider6668]

Rules plans process and last don’t forget the the 3 above ⬆️

[@DaytradeWarrior]

👍🤓

[@fpl_bailey]

February always seem to hurt you. I remember you had your worst day ever a couple years back. You might actually need to take a vacation every February from now 😂

[@DaytradeWarrior]

👍🤓

[@mariachinn7136]

You spent to much money...simple..

[@kainthomas]

$ROSS ❤

[@DaytradeWarrior]

Thank you!

[@MSW613]

1st

[@DaytradeWarrior]

👍🤓