The Best Day Traders Are Great Losers
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- Опубликовано: 12 дек 2023
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Warrior Trading // Ross Cameron // Day Trade Warrior 
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this concept right here has been one of the best and most helpful things for me. my profitability is thru the roof since i started cutting losers early.
now my problem is selling winners too early, lol.
bad trades spiralling out of control is a very useful topic, thanks for these pysch tips
Priceless! Thank you my brother
Ross, Thank you so much for your lessons! Even you experienced daily loss. Every clips you posted are really helpful. Appreciated all. I ordered a book today!! Can’t wait it.
Thanks for your sharing your philosophy.
Thanks for the psychology review. Keep it coming because you are right on. Good teaching!!!
great content! like always
this is a wonderful video and I really appreciate and see the value here. tysm for being such a great teacher
Ross you are always real, that's what I love about ya!
Hey Ross, I bought your book and absolutely love it ! Thank you for sharing your wisdom you've gained thru experience!
Thanks Cubbie! I hope you’re able to leave a rating on Amazon! It’s a super big help 🙏🙏
Thank you a bunch Ross! What happened yesterday was a total shock for all of us!
This is going to be very interesting recap to watch!
#warrierTradingMember!
Many thanks again Ross for your valuable lessons! Sharing your 'rare' losses is what we ALL need to see and hear about. Slowing down and Not getting viciously spanked sounds like a great idea!
Best trading content out there.
OMG!! this is so helpful!! Ross has the best most helpful video's on youtube! Hope he made it all back today!! CCCC was on fire.
You are absolutely the best, Ross! Thank you for taking the lead and roll modelling this art form with such incredible wisdom and professionalism. You inspire so many people, and I hope you can feel encouraged and appreciated.
Honest as always. Red day happens nothing we can do about it. Thank you for the video Ross
Just a quickie comment. The top gappers were indeed higher floats but higher floats do not matter nearly as much as volume and price. CCCC for instance traded 177M shares on day one and 225M on day two. This amount of volume makes the float irrelevant because the price and volume controlled the speed of the move. I firmly believe not trading these stocks is a mistake in your trading plan. There was many opportunities to trade CCCC both days.
I made 4K the first day and 2k the second this stock is amazing doing it for 10mint trades or hours ❤.
Less has been more this year. Hardest trading year since I went full time in 2019
Thanks for making this video Ross, a side of trading that needs more attention. I know hindsight is 20-20 but the first thing that jumped off the chart to me were all of the trapped traders /bagholders from July 21 (high volume day) who were going to exit at anything close to breakeven. Did you take this into consideration when you entered this trade ?
I trade futures, your lecture applies to all trading instruments...am keenly following your talks..very invaluable discussion there, . Thankyou
thank you
lol - Excellent ON/OFF switch @41:26 ... I wish I could share screens with you, I have observed something that I think you and many viewers would be interested in. I have been looking at TSF (Time Series Forecast ... Length=9 ; Bar+=7) when it crosses E9 or E20 preferably when E9 is on top but E20 on top is also ok. If you consider a Cartesian coordinate graph and only look at Quadrants 1 and 3, then Quadrant 3 shows a trend based "pre-reflection" of whats to come in Quadrant 1. This is not always true, but most of the time it is... there are reversals to watch out for so you still need to be cautious. My other requirements for an ideal setup is that TSF, E9, and E20 are above W200 and VWAP and that the "working candles" are under the hood or within TSF.... The 'starting candle in Quadrant 1 should be green with decent volume and a relatively small body. A towering body can "snap back" as you have seen. Also I look at the Delta between E9 and E20... as it grows larger with E9 on top that is good, if it get smaller by about 5% then that is a warning indicator for me to get out. I have this all scripted so it alerts me as possible "suggestions" .... Anyway as always, keep up the great information you provide
I learned my emotions can adversely affect my performance, even if I think I am doing a good job of keeping it together. That's where it is dangerous. I'm still affected. Thank you Ross for explaining your red days along with your green days.
I'VE BEEN STUDYING YOU NOW FOR ALMOST 4 YEARS NOW and want to thank you for all your free trading video advice that has helped me tremendously, for new beginners I would highly recommend your course to them, the biggest thing i learned was size matters. LOL Now when i see level 2 blowing up I'll jump out with 1.000 with a tight 3-4 cent hard stop and as it keeps running I raise my stops,
Today was my worst red day ever. I had false beliefs.
Ross: first thank you for your book I’m about halfway through and I’m loving it. Thanks for all you do. P.s your horse was probably better than mine!
lol that’s kind of you to say about the horse. It was a mistake to even try 🤣 btw if you leave a review on Amazon I’d be super grateful! Cheers 🙏
Accept my deepest respect and a BIG THANK YOU - for all the work you do and for sharing your experience here on youtube - you inspired me more than anything or anyone else in my life did ! Hard to put it in words , but people like you make this world a better place ! Thank you again Ross !
Thanks for a great video again. Seeing Ross take a loss now and then gives me confidence that it’s not just me who is getting trapped by these nasty flushes. I think we need to keep our eye on these and try to work out how to anticipate them. Probably not as easy as it sounds. QNRX has a history of flushing. Exactly the same thing happened 17/7, 18/7 and 24/10 - it's easy to find this out with hindsight. I am adding this one to my caution folder just in case it pops up again ;-)
Thanks for sharing this Ross.
I’m sorry Ross! You are the best day trader I’ve ever watched and I have gained so much knowledge from you! Thank You for all you do! ❤
Just had my worst red day today as well yikes 😳
Btw, I need to go pick up your book .
OMG, today was literally my worst red day of the year! With the fed rate decision going on, my emotion got the best of me and made some stupid trades!! I literally felt like throwing up🤮
Thanks for the video! I'm looking forward to watching it
Ross. Sorry to hear about that big loss you took. There was literately nothing you could do with that 10 second candle. That will very seldom happen that way, but when it does, it's catastrophic with large size. WOW, I just sounded like I know what I'm talking about. Cool. I'm still paper-trading from getting hung up on FOB-out 2 weeks. Still paper-trading every day to tweak & learn. I miss you going Live once per week for pre-market. You were my mentor for how to trade pre-market momentum/gappers safely and correctly. I hope you consider starting that again. As a newbie trying to grow a small account, I need that. Thanks for all you do for us.
Hi Ross,
First of all I wanted to thank you for the amazing work you put on these videos, I have learned a lot and I feel im close to start having successful trades. At the moment though I have no significant progress, Im not losing but im not trading the bullish stocks I want to trade even after I have recognised the opportunity and put on a trading plan, my mind simply tells me off finding reasons like the % is too high, or what if it fails and things like that. I guess fear of loss is distorting my view as I have blown up my initial 50k account 3yrs ago. I would appreciate if you suggest how do we overcome fear of loss, trading plan on its own doesn’t seem to help. I look at the right stocks, I have my agenda, my plan, I built on consistency and yet fear is keeping me back. I hope I join your trading lessons soon. Thanks for listening :)
Sorry for the loss Ross. Nice advices. I may missed it, but how much was the loss if you don't mind? Tomorrow is another day.
Hi, When I scale in and sell a part, but that part is at a loss. Do I view that as a loss? (If I want to hold the core LT).
I have some that are scaled in because I add some with every paycheck. Thanks
What is your walk away green amount? Or do you not have one? I know it’s important to have a max loss and quit but does the same go for being up?
Thank you for your beneficial video , did you use stop loss or trailing stop in this trade ? or manual but the flash happened?
Ross doesn't use trailing stops or stops, he stops out manually using hotkeys.
Thank you Ross for putting out the recent content you have been putting out. Truly appreciate for the traders down here trying to make just 100$ in a week. Some traders are so knew in there journey they can't even see a way to quit there jobs and to simply be able to buy groceries for there family. Thankfully through this channel and learning the 1 min pull back setup am now coming to the standpoint that I see myself quitting my job very soon Through being a part of Warrior Trading team. Thank you have changed my life and set me free through specifically the 1 min pullback strategy🙏 I try to tell my brother the only reason he cant make money is because he doesn't have a strategy with rigid criteria. Literally that's most traders that don't simply have strategy printed out with Stops, Targets and entry criteria with rigid rules and print it out!
Hey Ross , this is great to share . My take is when I’m in similar situation is not to go slower . The reason is this strategy has made you overall profitable so the problem is not that . Problem is when someone hits the max loss , don’t add more , shut down , walk away and that’s it .
This is the simple truth of trading, managing losses. Losses are gained back over days or weeks if you stick to the rules. It happens, but in grand scheme by your numbers you avg 6400$ a day profit 30k a week ain’t to shabby my friend. Thanks for the vids.
resiliency is number one. Persistence is a born trait. It's why some will never be successful.
Had a bad day yesterday too. Thanks for this video
Yesterday and today was bad for me as well. Hug can’t wait for tomorrow :)
Public confession, meditating, self conscious, self candor, acceptance = Redemption from the Sinn of a breaking a rule.
I just had my biggest red day today as well and on top of that it was a green to red day hurts even worst
What a great horse!!! That's what I'll be doing with my nutrition and exercise tomorrow morning. Love Box Car books. Gosh, I miss having young children. Enjoy Ross!!!!!!!!!!!!!!!!! xxx
Hey Ross, my first year of trading has been one big drawdown (came out of sim too early) but in the last month something has clicked and I’ve upped my accuracy from 40-60% with 1:1 ratio and on course for my 1st green month.
How much consistency should I look at before scaling up?
Should I recoup 50% of year’s drawdown before I change my share size?
My advice would be to not focus on the money just yet. Take risk amount you are comfortable loosing with. Only risk 2% of your capital. Focus on the trade setups and when you been consistent profitable for 3-4 months double your size.
Always a Gold Class when u have a RED Day Ross!!
Thanks for the honest video! Made 2400 on paper trading with one trade, but it was hard to find a stock i liked the look of. I saw that one you lost on, but thought it was up to fast and would sell down, so didn't trade it. You will get it on the next one, good luck tomarrow buddy!!
Very good insights, thank you for this
I thumbs up because the content, not your loss, I hate everything when I hear this. The pendulum swings thou...
I LITERALLY fell off my horse this week...Torn ankle ligament BUT green on the month trading and can't wait to ride again! 🐎🐴🏇🎠
I hope it gets better soon!
Ross, how did you know I lost more than usual yesterday? Thanks for putting this video out 😀
Ross, do you have any advice on making avg winning trades larger than avg losing trades?
This would come down to the expected risk reward of your setup. Focusing on increasing your risk/reward is a good place to focus.
It took me forever to be able just loses fast and then focus on the next trade. The day I finally have the emotional strength to do it was the turning point after 3yrs just slow decline in one account and blew several small accounts.
Accidents happen. If the risk is low and the chart is screaming free money you pick off the ground, then go back at it again. Avid traders know what i mean by that. But if you can’t get your head back in it without being emotional then step away. Go for a long walk, trust me it helps. But most of all, you will have a clear mind to go again the next market day. Simple.
Rules are made to be broken
🤣🤣🤣🤣
Thank you for your hard work putting out your videos
Be safe and God bless you
Ross, I was right there as you would take the first day I think it was like $484.00 and count $70 - $100 day gains as you plotted out that Total. It Blows My Mind to think that account of yours is now $12 Million…. And I have been keeping tabs on you the whole time. You are the best!!
Just bought your book. If it isn't good you owe me a beer. If it is good, I'll buy you one. :D
This is exactly my last two weeks
Hello Ross. If 10k is your biggest loss in the whole year of trading, then I consider that as an exceptional achievement. In your case, with your track record, you could even relate it to your biggest loss ever (I think it was in 21 on GME where you lost 200k+) and laugh about this "little loss". Yes , 10 grant is more than pocket money. But in your case , I wouldn't worry too much about it. Keep up the good work, and still following you after so many years...
Hey Ross we have talked before I’m have decided to take your class, I’m excited I’m in the process of saving too buying a cheap gaming laptop to trade with can’t wait 🎉 I’m ready to study hard and follow the trading process to be profitable thanks bro
Awesome to hear, look forward to having you join! Be sure to check out our 14 day Pro Preview when you're ready: warrior.app/pro-preview
Sometimes I get a little crazy but I don't let big numbers get to me. I don't get squirmy till I hit a 50k dollar loss. But I am that guy that has made 100k in a day. It's not easy being a trader.
Yea The lower floats/ & low volume can cause problems real fast. 😢 😢 that feeling I never get use to. It’s like a quick silver flush 😂 your left like wait what just happened 😂😂😂😂
Opening comment: "today my results ARE TYPICAL,". LOL. 😂
Can't tell you how many times I blew my account or an entire weeks gains because in one day I 'revenge' trade.. and think more about how I can make back my loses, and this just ends up exponentially increasing the size of my leverage, and before I know it i am basically gambling not trading...
So 100% for me, now I have to walk away from it.... at least until I can honestly say that I am entering because it is a prefect time to enter a trade.... that I have extreme confidence in, where i pretty much know how the price moment will go, not one where I am hoping..
You better come back up to Canada and get some more Canadian fresh air and take me up on that coffee
cccc did you make a killing?
i started trading everyday now for 2 weeks. ive been on the sidelines since trading during covid. These quick gappers like CCCC u canot stay in to long unless you buy the dip and thats still risky. CCCC the firrst day it ripped had nothing but green candles and i just couldnt find an entry.
No trade on Thursday December 14 2023
On red days i go do uber..... driver around think about what i did wrong
How long did it take you from under 600 to 12m + ?
I funded this account in Jan of 2017. I’m still trading in it today.
10k shares of spy is alot less risky but you trade any stock going up in premarket
Holy shiet! anyone else notice that Ross has paid over $1.1m in total fees?!
Man, I needed your videos on C4 today. I got killed after being up $2,300. Was down $14k, shorted to get back $1,960, then called it quits.
That is a rollercoaster!!!
The hardest easy money one will ever make 😂
👍
QNRX very interesting case study. This one probably was not an algo spike. The entire $3 jump was done in 60 seconds on just over 10k shares traded. This very well could have been just one, or a handful of traders trying to be the 1st to capitalize on a possible move up. The entire "flush" down happened on similar volume, but in half the time or just a crazy 30 seconds! This would be a very dangerous and extremely risky stock as you demonstrated. Your 4k shares controlled around 30% of stocks traded during that 30 second fall of $3 per share. Very risky to enter a trade on very little volume traded. I like at least 100k share volume on 1 minute candles. The really nice, solid safe entries are on 300k plus share volume on the 1 minute candles. What do you think?
Yes I agree, I was looking at the Level 2 and not the total volume traded. I should have checked. I was moving too quickly.
I screamed sooo loud yesterday and immediately through myself out of sync. Then I started to try to get back what I knew I couldn’t. This was right on time and makes me see I’m not alone. Great strategy for the future because boy o boy yesterday almost had me shaking, had to get up and walk away. Definitely needed this
Wow
During the Holiday cheer one can easily forget day to day rules and live in the moment of being incredibly generous and outgoing... and incredibly emotional likewise ! Perhaps don't trade during this type of Holiday season in the future ?? 🏊🔛✌
It's pure drama I don't think that you ever had a red day however be on the lookout for the AMC squeeze
Why is your PNL only 12 mill? You went from $600 to 12 mill starting 2018. You don't include PNL from 2012-2018?
I didn’t have overnight success. I struggled in my early years. I started generating profits but it wasn’t anything compared to what I have now. In 2017 I funded the $583 account and focused on growing that as big as I could!
Here's my comment BEFORE I watch the video. Just going by the title, here's my take:
Ross Cameron is, in fact, a world class loser. He's lost so much money day trading. Yet, he is consistently profitable and quite wealthy from trading, alone. All the while, he maintains respect and class as he continues his passion for teaching his methods to an increasing number of students.
Happy Holidays, Ross!
I'm a world class loser too😢
I think you are being too hard on yourself! It was one trade that you had very little control of and you followed all your rules to a T. I know it is disappointing but you will probably have a similiar one trade next week in the other direction.
Its good to know the greats can take an L too.
I'm only trading 4-500 right now but I'm pretty pleased with my results.
Thank you for your content. I'm binge watching through the older content. 😮
@@pilotnamealreadytaken6035 He has a lot of good class videos about different topics. I have watched a ton of his videos about trading and he is easy to understand and shows you the good and the bad which is important.
I'm the worst loser
Thanks Ross, you make me feel much better bout losses. I feel like you have tucked me in bed and read me a soothing story..............nighty night
First
🫡 Great advice every time, Upvoted @ 948
Thanks Ross 🙏
Recouping the loss amounts little by little has worked out in a completely great way for me all this year long.