A lot of what you say is repeated, but every single time it seems to come at the percise moment I need to hear it. This video perfectly describes my situation the past 2 weeks. Appreciate taking the time to make these videos.
That chart you drew of 5 legs down...thats me over last 3 months. $4400 invested, stair stepped down to $1500. That was my rock bottom 2 weeks ago. I made the adjustments you talk about here. I've set my daily max loss to $50 (vs no max loss and I could lose $400 by bag holding). Now for 2 straight weeks I've been green (7 green days 3 red days) and I've recovered $300 so far and am now up to $1800. It'll be a long road to break even, but its doable if I keep this tight max loss.
Same here my guy I started with 640 went up to 707 then went on a losing streak all the way down to 200$ then went back up to 540$ then went on to another losing streak bringing me right back down to 200$ I’m ending the week at 260 tho so I’m on a 2 day winning streak right now
This is so true. When I first started I would hold my losers past $1000 or $2000 and more not knowing how to just cut it off. I'm much better at it now.
You are spot on with the psychology inherent in bailing too early on the way up, lingering way too long on the way down. For myself, I've noticed intense anxiety on the way up, especially if the stock is rising in a hurry. I've had to do some serious deep breathing to remain emotionally present, and sit with my anxiety, rather than react to it, and bail out too soon. Getting better, and it's been hard work. On the way down, I've learned the hard way that hope is not a strategy. It's amazing how hope dulls our senses, and lessens our sense of urgency to bail out when the stock is falling. Like you said, I've changed the rules way too many times when a stock drops - transforming from a day-trader to a swing-trader because of my rationalizing the rule change. I'm no longer doing that, thank God. Learning how to do this is hard work, however. You are gifted in what you do, and how you teach/coach others. I often find myself asking if am I channeling my inner "Ross" as part of my trading strategy, lol. I've been comfortably green 7 out of the past 8 days. Thank you very much!
Dear Ross, you show up every day saying what I needed to hear prior to taking my trades for the day, I feel like hindsight is 2020 but lesson learned. Thank you!
This is exactly what I needed today! Traded B quality setups before we had JTAI, finished red but I'm happy I didn't spiral, and walked away. Also keeping a journal entry for each trading day helps with building muscle memory so you wont repeat your mistakes. Green days makes me confident but a red day with proper risk management gives me hope for the future :)
I started with $10k paper account in webull and grew it to $65k in 3 months, then I started trading in a small account and I'm just a little over a break-even trader. Webull live trading is much different than paper trading, especially with the fills you get
3.5 times my daily goal today with several trades ... $CRNC, $QMCO, $NVTS, $QBTS, and $VSAT ... small Average base hits at about 3/4ths my daily goal ....Thanks Ross !!
@@jeez5890 - I use TOS platform and I start with the top 6 stocks that show up on my scanner. My strategy is essentially "dip scalp trading" paying close attention to the MACD... in fact getting down into the weeds as far as what the MACD is doing. I can't go into too much detail or my post will get removed. But MUCH of what I am doing is what Ross teaches. I have just applied a little of my own influence after trading for 2 years ( more than 1 year in the simulator)
you taught this class in the middle of your trading session and i can’t stress enough what an awesome teacher and coach you are. one of the best investments i’ve made in my life is signing up for your course. i’m on the road to profitability one step at a time! thanks! loved the class!!
This last week I been trading out of a simulator with everything I learned from you..... It's a 10,000 account and I've won 4 out 5 days this week. With a average of 1500 a day. I think I'm ready to start with real money ty Ross
This is so useful Ross, I bought JTAI at about $9.50 and expected it to break $10, after it got rejected, instead of clearing my position I held and hoped it would come back, finally it broke $9, got lower and lower, sold it with $1 loss.
Most definitely !!! "Trading LESS can equal MORE" ... When I first started I was trading 30+ trades per day and loosing ... Now on average I'm trading less than 5 a day and winning ... quality, discipline, patience, strategy
Struggling to become profitable this past year. Every issue you bring in your videos hits home so I know you've been through the same problems, like many others. This gives me the encouragement that with becoming more disciplined, I could correct those pitfalls and become profitable. It's all a matter of changing my habits. Thank you Ross ❤
I think you are a mind reader you post videos that speak directly to what I do wrong.... I appreciate you and your videos you made me a GREAT trader but I'm still working out the kinks....up 40k for 2 weeks thanks to you!!!
Wow really needed this today. Total Emotional hijack after doing well this morning. Greed…no more trading afternoons after my work and being fatigued. I did many of the things you mentioned…things I’m usually very disciplined at. I held too long even telling myself to sell. Stubborn too. I need to learn to loose.
Thank you Ross for the video. I joined you live, so I was listening the class. I did not follow your recomendations. BIG MISTAKE In simulator Day 68 of trading. WORST DAY EVER after yesterdays WORST DAY EVER. I keep Holding on to losser way longer. Then overtrade to try to hit a HR but not to be. Man, I think its no trades for me on Monday. Just see I learn to wait y sell fast. Day 10 of the 2 week trial. The scanners, 10s chart and news really helps... and Ross live trading! SELL LOSERS FASTTTT MAX 0.20 CENTS BE PATIENCE WAIT FOR NEWS ON MOVING STOCKS Keep practicing
Ross, it would be super helpful if you did a video on proper expectations for stocks based on their price. For example, if a trader has a defined risk per trade but that may be not applicable to the stock they're trading. If I'm willing to risk 0.20 a trade but the price may not have the ability to climb that much, I'll find myself routinely with an imbalance on winners to losers. Especially when trading from a cash account where my number of times to trade and purchasing power may be limited. A $2 stock vs a $10 stock obviously don't move the same. Because the only thing we can control is our risk in the beginning of a trade, it makes it tough to hold long enough to get a consistent 1:1, 2:1 or better return.
Ross, also, If I have a limited cash account fund available and I exit, I do cut my loses, but my next trade will be only tomorrow. It's another reason we hold and hope.
Traded only PDYN today. Only when the MACD was open and when it was above VWAP. It psyched me out a couple times around $3.00 and I cut losers too soon. But I jumped back in and managed to have a small green day. Once the stock dipped under VWAP and couldn't go back over it and the MACD closed I was done.
Ross, quick question. I got 90 days restriction for using my cash account at Charles Schwab so I must wait for fund to be settled next day. I don't understand, if in 90 days it's gone, I should be able to use my entire cash account regardless of it settled or not, but only if I profit?
This is so valuable! Thank you for talking P/L scaling and moving stop loss this was exactly what I was looking for from you thank you!! Would love for you to make a video on patterns you often trade and avoid, head and shoulders, dead bounce, etc etc
These videos lately have been very helpful. I started this journey really swinging. I started with 25k and got it up to 27k before I lost 9k. Now I am just taking it waaaay slower and trying to get steady base hits of 20-50 bucks. If I can do that for the next few months then I will size up and really get going. I do regret not doing that to begin with, but at least now I know.
Thanks Ross! I have the tendency to hold onto both winners and losers too long. The most frustrating for me is when I have, what I call, a half winner that doesn’t quite hit my profit target but also isn’t showing any clear signs of reversal (like MACD or volume) and then elevators down to my stop loss. Any advice for that type of movement?
But I do have an interesting question. How much percentage of your trades are based on the squeeze of the second leg after the 1st micro pull back and how much is based on the squeeze of the second leg after the 2nd micro pull back. Vs how much of your trade is based on 1st leg before any micro pull back. Based on news only. Also how long would you keep on waiting for another possible squeeze if that stock goes sideways a while. Would you keep an eye on it or just search for possible similar synario with another potential stock.
I went Red on JTAI and for some reason instead of hitting sale i fell into that mindset of maybe it will go up. After reviewing my notes and thinking of my day it was due to external reasons so I shouldn't have traded today at all. My mind was not focused like yesterday.
Hi Ross big fan of yours I had a good green week as well with a 40% gain. Xcur,Spai, crnc were my trades. But I have a question about Your trade today I looked at the interday chart and I would have not traded this. Obviously you got a gain out of it but I'm just curious as to what triggered a buy. Was it just the volume ratio and float?
Nice way to finish your Friday Ross and happy weekend to everyone hit my daily goal but not happy with myself broke a few rules I know the market rewards you for breaking rules until it decides to destroy you and I need to be more disciplined so that doesn’t happen JTAI bought at $9.00on the dip and big mistake added at $8.75 and $8.50 went down to $8.00 and then broke another rule and didn’t sell I got a lucky bounce to $9.40 and sold but not good trades made money but I did everything Ross pointed out was a bad thing to do
Are you buying with Limit orders? For example. at Minute 33:10 in the video. You said you took your first positions at $8.34 and $8.40 Did you have buy limit orders sent before it bounced off $9.00 Or did you see it coming down from $9.00, hit $8.00 and bounced off $8.00 and you caught it with a market order hotkey on the way back up?
I find it helpful when I’m looking at a stock potentially curl off lows because I can see where there are buyers and sellers, but I don’t use it as much on the front side of the move.
Another big reason why it's hard to sell a losing position in a smaller account is because if you sell that losing trade, you're done for the day and have to sit on the sidelines. And I've noticed some of those pre-market losers that are only down a bit seem to bounce back right at opening of the bell.
Ross , can you make live trading ? Theoretically all of us understand your strategy but practically we want to see your enteries and exits, we don't need your earnings but we want to see your live screen while trading thats what we need . Where you exactly entering and exiting !
Yes, this describes me😢. I wrecked my account a few times, including this week. Lost over 30% in about an hour, then clamed up on selling for the day. Now those two stocks are down almost 50% in less than a week. I'll probably watch this video several times!
Ross plzzz can you look at the 2 videos I posted in my RUclips it still won't let me sell had 0.02 off set and I can't get filled was up 40$ today and now down -8 im getting back on the green train but I can't take my profit plz help im trying everything now with Webull to sell idk what's going on and thank you again for everything im back on track it feels like im following the rules again and if it wasn't for Webull i would have a full green week this week so form the last time I spoke with you I smaller the shares size down and it working better just had to see what was working for me in the first month. Also can you show what we will get when getting the starter worrie pack?
I have notes on everything one of your videos I'm super interested on makeing this work but me broker is messing it up I posted 2 videos trying to show me getting out but I can't get filled
Aw man I needed this one today! Losses have been getting sloppy. When to hold and when to cut it still feels as much like gambling as it does education. Great to see you keeping it strong, Congratulations Chief! As much as your discipline might prevent it, you must be a little proud of yourself, right?! 😂 You talked recently about keeping your daily goal between +/-$5k, but given your average win is now almost double that, is your strategy changing much to maximise the potential or are you trying to maintain consistence and just scale up within your strategy? Does that scaling up put you at higher risk in terms of becoming one of the 'big buyers' that smaller position traders would use/see as resistance/safety on the level 2?
If you set a limit order 10 cents below the bid to get out, aren't you giving up 10 cents per share of profit? So if you wanted .15 cents of profit per share, you could only get that if the move was up .25 cents? Or maybe because it's a limit order, it will sell up into that range.
Tried to be more careful today..still lost 61 but I was down 130. Lost 35 on life but cut my loss quickly. Then lost 109 on sbmf I tried to cut quickly but chase it down to. Then jtai I only took trade at 7.50 opening dump n sold at 8 when I realized it wasnt going further..made 66..but only tried because of low float. Again my scanners pick up stocks after the move. All of these I missed. Not sure what the issue is. I have a fast computer bit maybe getting old. It has ethernet. But all 3 of these didnt show until 10 min after the run.
I only took jtai trade at 7.50 because my boss bought a cesna from textron aviation too. So I thought it was pretty cool. I had limit order. But hoped for run to 10. Still need a lot of training. Defintely hold losers longer and winners not as long.
Could you touch on swing trading? I could have made $8k if I would have really listened to my intuition when I was looking at a 30 day trend where the stock was going up and down quite a bit every week. I bought on the low for the time. I switched to a day trade mentality and lost $150 instead of making $8k a week later.
The hardest part for me on bailing out of my loosers as soon as it doesn’t work is that I have a small cash account. I get one trade per day and I hate the feeling of wasting a whole day.
Today I did better. Yesterday was a red day with 25%…. Was a bad day. Today was also red but I got out fast and only lost about 2%, would have been much worse if I had stayed in
I’m currently trading with just a couple dollars to test the waters for a couple months before I go fully in with a few hundred but I’ve already consistently been making 10-20% returns on my investments! Obviously with the low amount of investment that only equates to less than a dollar haha
The fainting would be so funny to watch....as soon as your buddy loses a buck he drops out of his chair! Classic! Oh no problem, Charlie must have had another loser....
A lot of what you say is repeated, but every single time it seems to come at the percise moment I need to hear it. This video perfectly describes my situation the past 2 weeks. Appreciate taking the time to make these videos.
Right. I just lost so much unrealized gains this morning. 😅😅😅
That chart you drew of 5 legs down...thats me over last 3 months. $4400 invested, stair stepped down to $1500. That was my rock bottom 2 weeks ago. I made the adjustments you talk about here. I've set my daily max loss to $50 (vs no max loss and I could lose $400 by bag holding). Now for 2 straight weeks I've been green (7 green days 3 red days) and I've recovered $300 so far and am now up to $1800. It'll be a long road to break even, but its doable if I keep this tight max loss.
Same here my guy I started with 640 went up to 707 then went on a losing streak all the way down to 200$ then went back up to 540$ then went on to another losing streak bringing me right back down to 200$
I’m ending the week at 260 tho so I’m on a 2 day winning streak right now
This is so true. When I first started I would hold my losers past $1000 or $2000 and more not knowing how to just cut it off. I'm much better at it now.
You are spot on with the psychology inherent in bailing too early on the way up, lingering way too long on the way down. For myself, I've noticed intense anxiety on the way up, especially if the stock is rising in a hurry. I've had to do some serious deep breathing to remain emotionally present, and sit with my anxiety, rather than react to it, and bail out too soon. Getting better, and it's been hard work. On the way down, I've learned the hard way that hope is not a strategy. It's amazing how hope dulls our senses, and lessens our sense of urgency to bail out when the stock is falling. Like you said, I've changed the rules way too many times when a stock drops - transforming from a day-trader to a swing-trader because of my rationalizing the rule change. I'm no longer doing that, thank God. Learning how to do this is hard work, however. You are gifted in what you do, and how you teach/coach others. I often find myself asking if am I channeling my inner "Ross" as part of my trading strategy, lol. I've been comfortably green 7 out of the past 8 days. Thank you very much!
Hope is not a strategy!!! Best advice. Thank you.
@@Manuel-lo4du😎😎
Dear Ross, you show up every day saying what I needed to hear prior to taking my trades for the day, I feel like hindsight is 2020 but lesson learned. Thank you!
"experience is something you get right after you needed it." -one of my favorite quotes
You teach things like a passionate caring father, I know you are such an amazing dad. Godbless brother
This is exactly what I needed today! Traded B quality setups before we had JTAI, finished red but I'm happy I didn't spiral, and walked away. Also keeping a journal entry for each trading day helps with building muscle memory so you wont repeat your mistakes. Green days makes me confident but a red day with proper risk management gives me hope for the future :)
Started a $35,000 paper trade account on webull on Tuesday - made $7000 this week - 20% return - trying to grow it to $70,000
I started with $10k paper account in webull and grew it to $65k in 3 months, then I started trading in a small account and I'm just a little over a break-even trader.
Webull live trading is much different than paper trading, especially with the fills you get
What stock screening metrics and program do you use?
3.5 times my daily goal today with several trades ... $CRNC, $QMCO, $NVTS, $QBTS, and $VSAT ... small Average base hits at about 3/4ths my daily goal ....Thanks Ross !!
Hey! What is your strategy? It looks like you are trading a lot of higher float stocks. I'm curious. Thanks.
@@jeez5890 - I use TOS platform and I start with the top 6 stocks that show up on my scanner. My strategy is essentially "dip scalp trading" paying close attention to the MACD... in fact getting down into the weeds as far as what the MACD is doing. I can't go into too much detail or my post will get removed. But MUCH of what I am doing is what Ross teaches. I have just applied a little of my own influence after trading for 2 years ( more than 1 year in the simulator)
you taught this class in the middle of your trading session and i can’t stress enough what an awesome teacher and coach you are. one of the best investments i’ve made in my life is signing up for your course. i’m on the road to profitability one step at a time! thanks! loved the class!!
Prob the best trading teacher out there
❤
Hands down only person on RUclips who post learning content everyday and shows realistic and real losses and gains
I confirme!! It's been a while I started watching Ross and he iS the king
I’ll second that!
This last week I been trading out of a simulator with everything I learned from you..... It's a 10,000 account and I've won 4 out 5 days this week. With a average of 1500 a day. I think I'm ready to start with real money ty Ross
This is so useful Ross, I bought JTAI at about $9.50 and expected it to break $10, after it got rejected, instead of clearing my position I held and hoped it would come back, finally it broke $9, got lower and lower, sold it with $1 loss.
I held small winners until they became big losers because in a small cash account I only get one chance. So frustrating.
@@hellojosef set a specific goal for yourself, then stick to it😎
Goo with a proper firm and trade by a small rule set and become better then trade live . PS could be a long journey
Put in a stop loss so it automatically sells
Same here man. Still, getting stopped out for a small loss is way better than blowing up your entire cash account in a few trades.
That experience will be what makes you a great trader in the future. You just have to get better at managing your risk.
Most definitely !!! "Trading LESS can equal MORE" ... When I first started I was trading 30+ trades per day and loosing ... Now on average I'm trading less than 5 a day and winning ... quality, discipline, patience, strategy
Struggling to become profitable this past year. Every issue you bring in your videos hits home so I know you've been through the same problems, like many others.
This gives me the encouragement that with becoming more disciplined, I could correct those pitfalls and become profitable. It's all a matter of changing my habits.
Thank you Ross ❤
I'm surprised you didn't trade QMCO or XCUR. I got good returns on that. They both met all the criteria you talk about.
Thank you for teaching every day!!!❤🎉
and for reporting the bots ❤🎉
I think you are a mind reader you post videos that speak directly to what I do wrong.... I appreciate you and your videos you made me a GREAT trader but I'm still working out the kinks....up 40k for 2 weeks thanks to you!!!
Ross the man Cameron. Love when you get this transparent!
Today the DEX in By-bit is lagging!!
I just done video to show that
When you are exchanging it's giving you like 9x>
This is me today, so amateur as a newbie. Thanks for all the teaching, I learnt a lot from your youtube channel
Wow really needed this today. Total Emotional hijack after doing well this morning. Greed…no more trading afternoons after my work and being fatigued. I did many of the things you mentioned…things I’m usually very disciplined at. I held too long even telling myself to sell. Stubborn too. I need to learn to loose.
*lose
Thank you Ross for the video. I joined you live, so I was listening the class. I did not follow your recomendations. BIG MISTAKE
In simulator Day 68 of trading.
WORST DAY EVER after yesterdays WORST DAY EVER.
I keep Holding on to losser way longer. Then overtrade to try to hit a HR but not to be.
Man, I think its no trades for me on Monday. Just see I learn to wait y sell fast.
Day 10 of the 2 week trial. The scanners, 10s chart and news really helps... and Ross live trading!
SELL LOSERS FASTTTT MAX 0.20 CENTS
BE PATIENCE
WAIT FOR NEWS ON MOVING STOCKS
Keep practicing
Amazing tutorials Ross Cameron , outstanding trading
Ross, it would be super helpful if you did a video on proper expectations for stocks based on their price. For example, if a trader has a defined risk per trade but that may be not applicable to the stock they're trading. If I'm willing to risk 0.20 a trade but the price may not have the ability to climb that much, I'll find myself routinely with an imbalance on winners to losers. Especially when trading from a cash account where my number of times to trade and purchasing power may be limited. A $2 stock vs a $10 stock obviously don't move the same. Because the only thing we can control is our risk in the beginning of a trade, it makes it tough to hold long enough to get a consistent 1:1, 2:1 or better return.
Exactly! You are absolutely right. Don't be stingy; take your daily profit. But we hope it goes up and watching it goes down.
Ross, also, If I have a limited cash account fund available and I exit, I do cut my loses, but my next trade will be only tomorrow. It's another reason we hold and hope.
Made 75 today, after a loss yesterday, making another recovery, this time it’ll be better than the last!
Ross excellent you do this training every day. Keeping all info of trading
Thanks
You are a great teacher. Thank you, thank you.
Thank you for this video, Ross! I can honestly relate to this. 😊
Ross, may I know what broker you’re using on your trade? I hope you’ll see my question or anyone please. Thank you.
@5:35 you described exactly what i do :( i have such a hard time cutting losses for some reason. im so glad youve touched on this point. thank you!
This video is so helpful. Definitely going to rewatch and taking notes. Thank you!
Traded only PDYN today. Only when the MACD was open and when it was above VWAP. It psyched me out a couple times around $3.00 and I cut losers too soon. But I jumped back in and managed to have a small green day. Once the stock dipped under VWAP and couldn't go back over it and the MACD closed I was done.
Is VWAP the one curve with the three numbers (x, x, x)?
Ross, quick question. I got 90 days restriction for using my cash account at Charles Schwab so I must wait for fund to be settled next day. I don't understand, if in 90 days it's gone, I should be able to use my entire cash account regardless of it settled or not, but only if I profit?
I'm learning to become a better loser. Monday down $12, Tuesday up $6, Wednesday down 6, Thursday down $1, and today I was down 40 cents!
Ross, it looks like you read my mind today. Exactly what I have been looking for this week. When does the sale end by the way?
Thanks to your coaching on here I’m still turning around my losses. I did well trading LIFW and WCT this morning.
You are the best ross thank you for changing my life.
Hey Ross do a Q&A to see how many traders are left from the 2020 craze! With your students and such
This is so valuable! Thank you for talking P/L scaling and moving stop loss this was exactly what I was looking for from you thank you!!
Would love for you to make a video on patterns you often trade and avoid, head and shoulders, dead bounce, etc etc
Great Great video ross. We need to watch this video every day 30 min before we start trading. Thanks man
Thanks Ross!!!!
I felt like you made this video just for me...time to size down. Thanks for all you do, Ross🤜🤛
These videos lately have been very helpful. I started this journey really swinging. I started with 25k and got it up to 27k before I lost 9k. Now I am just taking it waaaay slower and trying to get steady base hits of 20-50 bucks. If I can do that for the next few months then I will size up and really get going. I do regret not doing that to begin with, but at least now I know.
Thanks Ross! I have the tendency to hold onto both winners and losers too long. The most frustrating for me is when I have, what I call, a half winner that doesn’t quite hit my profit target but also isn’t showing any clear signs of reversal (like MACD or volume) and then elevators down to my stop loss. Any advice for that type of movement?
Hey Ross, with a small account of $2,000 would you recommend 1 trade a day or 3-4 smaller trades a day?
ok sir i would start doing your suggest after next week. Great stop-loss trader!
I’m a long term investor but I love watching your content. I’d be lying if I said I wasn’t tempted to try day trading……
Ross's information and insight is just Golden. When I first started trading, this is exactly where I was at - larger losers than winners.
Learn from Ross, Cut Losers RUTHLESS !
But I do have an interesting question. How much percentage of your trades are based on the squeeze of the second leg after the 1st micro pull back and how much is based on the squeeze of the second leg after the 2nd micro pull back. Vs how much of your trade is based on 1st leg before any micro pull back. Based on news only. Also how long would you keep on waiting for another possible squeeze if that stock goes sideways a while. Would you keep an eye on it or just search for possible similar synario with another potential stock.
I went Red on JTAI and for some reason instead of hitting sale i fell into that mindset of maybe it will go up. After reviewing my notes and thinking of my day it was due to external reasons so I shouldn't have traded today at all. My mind was not focused like yesterday.
coach you are kill....ing it!!! congrats. my account is suspended for good faith violation but keeping hope alive.
I'm in awe
Great video and can really relate to your advice.
Quote of the video: holding it only made it bigger.
Stella mate 😊
Hi Ross big fan of yours I had a good green week as well with a 40% gain. Xcur,Spai, crnc were my trades. But I have a question about Your trade today I looked at the interday chart and I would have not traded this. Obviously you got a gain out of it but I'm just curious as to what triggered a buy. Was it just the volume ratio and float?
Can you please point me in the direction of a better screener and set I followed mine today and it was nothing good setting up most the day.
Nice way to finish your Friday Ross and happy weekend to everyone hit my daily goal but not happy with myself broke a few rules I know the market rewards you for breaking rules until it decides to destroy you and I need to be more disciplined so that doesn’t happen JTAI bought at $9.00on the dip and big mistake added at $8.75 and $8.50 went down to $8.00 and then broke another rule and didn’t sell I got a lucky bounce to $9.40 and sold but not good trades made money but I did everything Ross pointed out was a bad thing to do
Big advice for all beginner traders. Know your gut's timeframe. Once you learn that, expand your horizons.
Sheesh - it is like you watched me trade this morning from inside my brain. I appreciate your content.
Are you buying with Limit orders? For example. at Minute 33:10 in the video. You said you took your first positions at $8.34 and $8.40 Did you have buy limit orders sent before it bounced off $9.00 Or did you see it coming down from $9.00, hit $8.00 and bounced off $8.00 and you caught it with a market order hotkey on the way back up?
Those were limit orders
how do you see the news on the stocks?
www.warriortrading.com/breaking-news-for-traders/
Ross Cameron , you have book map as one of your main monitors . Is it useful. Is it game changer ?
I find it helpful when I’m looking at a stock potentially curl off lows because I can see where there are buyers and sellers, but I don’t use it as much on the front side of the move.
@ interesting
You are such a blessed and skilled trader I ever know. I lost 35k in the last 2 months.
Another big reason why it's hard to sell a losing position in a smaller account is because if you sell that losing trade, you're done for the day and have to sit on the sidelines. And I've noticed some of those pre-market losers that are only down a bit seem to bounce back right at opening of the bell.
Exactly.
Same thing happened to me i lost 10 percent of my portfolio and was done for the day i hit my max loss
The JTAI trade you showed in your video was pre-market, not after opening.
Yes that’s correct. I didn’t trade past the open.
Ross , can you make live trading ? Theoretically all of us understand your strategy but practically we want to see your enteries and exits, we don't need your earnings but we want to see your live screen while trading thats what we need . Where you exactly entering and exiting !
This video is for exactly what I lived today....
Jtai I lost 15% of my portfolio...
I made .50 cents today... had to average down to do it. Done for the day. I have a plan...but obviously it ain't working well.....
"You can't muscle your way through trading" Ross Cameron
All of this is true!!
Yes, this describes me😢. I wrecked my account a few times, including this week. Lost over 30% in about an hour, then clamed up on selling for the day. Now those two stocks are down almost 50% in less than a week. I'll probably watch this video several times!
cut losers faster then your winners, the results become bigger green and consistent days the more you apply Ross’ principles
Ross plzzz can you look at the 2 videos I posted in my RUclips it still won't let me sell had 0.02 off set and I can't get filled was up 40$ today and now down -8 im getting back on the green train but I can't take my profit plz help im trying everything now with Webull to sell idk what's going on and thank you again for everything im back on track it feels like im following the rules again and if it wasn't for Webull i would have a full green week this week so form the last time I spoke with you I smaller the shares size down and it working better just had to see what was working for me in the first month. Also can you show what we will get when getting the starter worrie pack?
I have notes on everything one of your videos I'm super interested on makeing this work but me broker is messing it up I posted 2 videos trying to show me getting out but I can't get filled
@@redeemer9763if you listen in his video Ross says he uses a 10c offset. I believe you said you’re only using 2c.
I have this patience that I keep my winners too long so I lose but also I keep my losers too long, 😕
Aw man I needed this one today! Losses have been getting sloppy. When to hold and when to cut it still feels as much like gambling as it does education.
Great to see you keeping it strong, Congratulations Chief! As much as your discipline might prevent it, you must be a little proud of yourself, right?! 😂
You talked recently about keeping your daily goal between +/-$5k, but given your average win is now almost double that, is your strategy changing much to maximise the potential or are you trying to maintain consistence and just scale up within your strategy? Does that scaling up put you at higher risk in terms of becoming one of the 'big buyers' that smaller position traders would use/see as resistance/safety on the level 2?
If you set a limit order 10 cents below the bid to get out, aren't you giving up 10 cents per share of profit? So if you wanted .15 cents of profit per share, you could only get that if the move was up .25 cents? Or maybe because it's a limit order, it will sell up into that range.
Well I don't know maybe my scanner is working. It looks like by watching video you didnt really take a trade until 730am for me 630am .
Big bro Ross Cameron 🤚🙏👊❤️🎉
Ross CHANGED my L I F E ! 😎
Tried to be more careful today..still lost 61 but I was down 130. Lost 35 on life but cut my loss quickly. Then lost 109 on sbmf I tried to cut quickly but chase it down to. Then jtai I only took trade at 7.50 opening dump n sold at 8 when I realized it wasnt going further..made 66..but only tried because of low float. Again my scanners pick up stocks after the move. All of these I missed. Not sure what the issue is. I have a fast computer bit maybe getting old. It has ethernet. But all 3 of these didnt show until 10 min after the run.
I only took jtai trade at 7.50 because my boss bought a cesna from textron aviation too. So I thought it was pretty cool. I had limit order. But hoped for run to 10. Still need a lot of training. Defintely hold losers longer and winners not as long.
Could you touch on swing trading? I could have made $8k if I would have really listened to my intuition when I was looking at a 30 day trend where the stock was going up and down quite a bit every week. I bought on the low for the time. I switched to a day trade mentality and lost $150 instead of making $8k a week later.
This video was made for me to watch today 😂
I'm a strange animal. I not only cut my winners too soon; but I also cut my losses fast. Skittish as a cat. No wonder I lose money.
The hardest part for me on bailing out of my loosers as soon as it doesn’t work is that I have a small cash account. I get one trade per day and I hate the feeling of wasting a whole day.
Today I did better. Yesterday was a red day with 25%…. Was a bad day. Today was also red but I got out fast and only lost about 2%, would have been much worse if I had stayed in
@@HerrondaleI’m in the exact same boat.
Same situation
Clean that keyboard Ross lol 😆 😂
I’m currently trading with just a couple dollars to test the waters for a couple months before I go fully in with a few hundred but I’ve already consistently been making 10-20% returns on my investments! Obviously with the low amount of investment that only equates to less than a dollar haha
How about a day in the life of Ross video? :-)
And xcur at 23 that 25k loss still interest me why you wouldn't zoom out on the chart for what's going on big picture.
I do zoom out to see big picture but it doesn’t make me want to turn a day trade into a longer hold
ily
The fainting would be so funny to watch....as soon as your buddy loses a buck he drops out of his chair! Classic! Oh no problem, Charlie must have had another loser....
One of those goats that faint 😂😂😂
I got bamboozled by sbfm and path today😢
That's just me🤣
lets gooo
please report the bots ❤
My win rate is 54% but I’m still losing money 😭
Damm i trade 10Shares max position size
✅ +$323.37 on Fear Friday…
Lifw 🥵
❤