Master the Dip Trading Strategy (Step-by-Step Guide)
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- Опубликовано: 6 сен 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior
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I earned $22 today on pineapple energy. 💪🤓
Woot!
Haha me too right around 20 😂
What price did you sell at I got in at 1.55 and still holding because chart dosent look bad now were at 2.45 and everything looks good for continuation for tomorrow so shall see up $90 with 100 shares
@@time-a-tell2461
Bought in at 1.75, sold at 1.82.
My brokerage (Merrill) chart doesn’t stream realtime and it wasn’t presenting pre market data. So I kept refreshing yahoo stock price with intent to sell upon entering 1.80s. I need better brokerage platform.
Today was a crazy day, hot market. I made over $100 today using less than $50 in my account so I know that I can do this, it just takes time and practice and infinite patience. And your videos help a lot Ross!
$100 from $50 account? Huge!
@@SF-fb6lv yes but then I gave most of it back as usual lol
How many trades did you take?
But wow!
That's awesome!
Great job!
@@matthewmathis62 thanks! It didn't take too many trades, it's kind of a blur because it happens so fast, but maybe 10 -20 or more I can't remember. But I traded a lot more after all day and gave half of it back but that's trading I guess. It just shows you don't need a lot of money if you can get better which I hope I am.
@@matthewmathis62 Thanks! probably 20 or more, a lot of SNGX and ATNF. Then I gave half of it back overtrading because I thought I was supposed to lean in more on a hot day but it didn't work out. But It shows you don't need a lot of money to make money if you find good stocks that are really moving and can get better which I hope I am.
Started with ZAPP at 7am $13.90 p/s and sold around noon, again $13.45 at 2:20 ish and sold just before closing at $19.05. Meanwhile, scalped SNGX 3 times starting at 7:45. My best green day in day trading ever!
Nice! I got murdered on ZAPP during the 2 flushes that happened around 8:30. I held some and was able to sell around $17 later in the day, which cut my loss down to about $120. Unfortunately that is a lot for my little account. Nice call with the hold through that premarket craziness.
@@Kyle-qu4rcyup, at 9:40 $12.16 and the 2nd halt at 10:03 $11.77 traded ZAPP previously, pretty much I knew how it was gonna move. I take notes of many moves of stocks. Ross is a great teacher, I am loving learning from him. Good luck to you.
i didn't think zap would go up that much. Yesterday was only at 7$... Will it go up again or dip?
@@Kyle-qu4rcNever risk more than 2% of your account.
Dude....these last two videos have been gold. This is exactly what people want to see. Entry and Exit with an excellent Lesson plan. I made quite a bit today off your video from yesterday (it helped re-center myself). Also your sales aren't sales, they are the same price but you just put a holiday banner. Please have an actual sale. So I can buy. TIA! :)
Same!!! Zapp yesterday and SNGX made me a lot of money! Went negative over 1k but your teachings made me follow the rules and stay disciplined!!!
These longer lessons with your recaps along with some of your trading examples are so helpful, so thank you! I’m happy to see you killed it today!
It's good to see you excited and pumped up again! 🎉🎉 Big wins
had wayyy less capitol lol but i traded the same stock today and got out super green! hopefully everyone else got in on it too, great job Ross!
Same here.
👍
How did you know to pick this stock? If u don't mind me asking
@@greggjohnson5634 any top daily Gainer with small cap
Same. Hit my scanner premarket and ran all day
Started with 3500 this morning finished with over 2000 profit with zapp
I did the same thing during COVID, that's what got me into stocks. I started with $10 and it kept doubling so I started dumping all my money in stocks. Boom
Yeah right.
i had an average of 2.69 on SNGX but sold at only around 4, and then had another position later at about 6.9, but panicked and stopped out early at the market open dip down to 5.60s, still a decent green day for me but then had to die inside watching it go up to 12 then 14 all day, need you to make a video on how to read the future, real talk though i love your videos and theyve helped me make money way better, im almost out of the hole i dug myself my first few weeks switching from sim to real money, thanks ross
SNGX was a total beast today until that 5 point drop from $14 to $9. Ended up over 600%!!
That drop messed me up badly... Another reminder why stop orders are important.
Ugh I know it
I lost $3484 on that drop.
@@U-V-F well the good thing is there is another opportunity. Hopefully you won't pressure yourself with emotional need to fill that loss all at once. If theres an opening for it to happen then go get it, but if not then be happy with any green day you WILL have. 😉
By that point in the afternoon session, SNGX felt like a major correction was way overdue. I quite trading it earlier but couldn't help but watch
Thank you for this video. If you see this, I think this might be useful to know.
Everyone is different and finds a different edge that they are particularly good at in trading. You said that dip trading might be harder than trading on trend alone, but I’ve had much more success going straight into Dip Trading.
It seems to be working very well for me.
same. I find momentum trading very difficult for my mentality. I feel like I miss half the move or like its running up without me and im too late so I just freeze afraid to enter thinking it'll drop ass soon as I do only watch it continue to shoot up. I'm better at grabbing dips off support.
Thanks Ross. I finally had a small breakthrough in trading. First day I felt comfortable and understanding of so many of the really fine lessons you have taught us in warrior pro
Thank you for your great generosity in sharing all your experiences! Discipline and self-control are essential qualities for success in trading. It's a real challenge to resist emotions like FOMO, but it's what separates professionals from amateurs. Keeping the inner warrior in check is crucial to avoiding digging your own grave. Happy trading to you, and may wisdom guide your decisions! 😊
made about .50/share on SNGX… great stuff
Didn’t catch SNGX, but had my biggest daily profit to date today! It was awesome and I’m so thankful I found this channel. And I love seeing all the comments, this is a dope community.
I broke 1,000% since inception back in march today!!! Super pumped! Ross thank you man, My mornings are awesome with your video being the cherry on top!! Lessss Gooo
Congrats Ralph
I sold SNGX and ZAPP too soon and missed out on big gains. But tomorrow's a new day
NAAS maybe tomorrow
first time trading this strategy and up $7 after winning 3/5 trades today
🎉🎉🎉🎉 good start keep it up ❤
I like how consisitent i am and interested in doing trades. I have a passion with forex though but still cant do without you Ross
SGNX raised my entire portfolio by 30%! Started at 4.55 early morning and made 6 total trades finishing around 13.50 mark. Insane stuff! Thanks for the lessons Ross!
what made you stay in so long??
@@user-lw3ri8us4w I was scalping throughout the day. The volume kept me coming back throughout the day to get in and out.
@@user-lw3ri8us4wanalysis of the chart for me if you have support of 50 vwap and 200 hundred if it loses the 9 or 20 ....that's how I play it if a stock is strong ..still holding my PEGY shares since 1.55
if you want to wait and buy a low, wait for it to begin to pullback and find the timeframe with the most obvious sell signal that signaled it to pullback. Set an alert that combats the sell signal. ie: 5 min sell signal while its high, wait for a 5 min buy.. if you're more detailed, you can find something like a 3 min buy bc its bullish. vise versa if its bearish.
I started the journey watching your vids a while back and loving it. Then you bring out a Grateful Dead shirt!!!!!!?????? So awesome... cheers man
Hi Ross, i watch your videos often, and i like how great you explain stocks trading, and i wonder what broker do you using to make trades, i.e. submitting limit orders and selling them?
Hi Ross, great class as always! Would love an in depth class about trading algos
I joined your two week trial! Looking forward to joining everyone as we trade tomorrow.
THANK YOU for all your knowledge. You are a great coach/teacher. I’ve learned a lot with your videos. Keep up the good work. 😊
Thanks Ross for doing what you do !!! I really appreciate it !! Lately for me the trend has been dropping internet ... I took 4 trades on $SNGX today and on the 4th one just before the high of $14.83 the internet went out ... I was able to close over my phone and managed to have a 12% gain for today, but dang !!! seems like every time it rains or a leaf blows across the street, the internet goes down.
Thank you. Excellent episode and recap...and I appreciate the shout-out!
Just got green on the day trading stock qure my small account portfolio increased by about 8% today small gains is simply good gains thanks for all the information
You’re the absolute best Ross. I owe my life to you literally
4.3 - 5 , then 7.5 - 8 were my only trades on SNGX , I really could’ve taken way more advantage of the move
One of my top 5 videos of you, Ross! Well done!
Thank you Ross.. This Dip trading consider more advance for me... still need more hands on practice.
I scalped this a bunch of times today. One of the easiest trades was after the market opened it came down and bounced off of vwap a few times, proved to be good resistance so I grabbed the trade and it shot up.
On 7.9.24 12:47 Saw Shorting opportunity so --- Short 200 Zap @$17.54 time 12:52 ,Short 200 Zap @$18.61time 12.54, then time12:59:27 Bot 400 Zap @ $17.93 = Gain $58.00. I thought it was too risky to stay short over night although I knew it was a good looking short. And, this morning 7.10.24 07:45 price at $11.25. Could have profited ~$2,672 or ~37%. Any thoughts on other ways to have handled that situation? Thanks, you are a Great Mentor!
Hi Ross, exceptional content. I never get tired of watching all your teaching videos, thank you very much for sharing your knowledge. I have a question regarding the T&S, I see that orders appear with numbers in red and green and others with a red and green background, do you have a specific configuration set? If so, do you know if it is possible to switch to the DAS platform? Another doubt that arises is with reference to the relative volume, this same marketing platform gives us the option of putting the percentages and I remember that you commented that 500% was a good percentage to be able to go long in a stock. Does this percentage have to be in Premarket? I see that in the open this percentage in some stocks reaches much higher percentages. If the price action and fundamentals accompany these stocks with much higher percentages, would it also benefit a long?
ross how do you know when is extended? you do a class on that
I commend you, Ross. Day in and day out your green. When it's said and done that's what builds the bank account. Kudos!
Got in NAAS after hours around $3 it rockets to $5 a little after hopefully continuation tomorrow must be some news
I ended up taking a 44 cent scalp with 22 shares on zapp today. Not a huge win cash wise because of the size of shares I'm able to take at the moment but its nothing to frown on and i have my first green day of the week on the books so I'm happy.
I am learning so much and super excited to be! Holding back the fomo to trading until I know a bit more!
Ross, could you explain the closed 1M MACD regular price runs when 5M MACD was open using today's SNGX example? And the run from $5.50 to $8.80 on closed 5M MACD after market open? I really struggled with that today.
I primarily rely on 1min so it’s open on 5 but closed on 1 I don’t trade.
@@DaytradeWarrior Thanks for the reply! Interestinlgy enough, most of the pre-market SNGX bull flag breakouts started with 1M MACD closed - the 8:10am, the 8:30am and the 9am ones which ended up being $1 moves. The primary reason why I struggled was because I waited till 1M MACD was starting to open, by which time the move was already half way up. But thanks for the insight!
When approaching a key support, if MACD is closed but selling volume is decreasing and buying volume is increasing, making it curl up, you can assume it is safe. Just make sure you have a stop loss set just incase it fails.
I have a question for you, Ross. So I’ve been watching a lot of your videos and feel like I’m grasping the information you are give all of us.
Back to my question. I don’t really have the access to all the tools you use. I’m currently using Robinhood is there any advice you can give me or anyone using Robinhood as a day trading resource. I’m 2 days in with 50% accuracy. If I held on a little bit longer my red day would have been a Green Day.
Light red day for me. Took a poor quality trade and had no more on my cash account. Tommrow I will wait for a higher quality set up
BEEM and ONMD. I am finally piecing together level ll time and sales and candle to candle analysis. I make mistakes such as selling out too many shares too soon. And I sell when I see huge red. I am getting better at incrementally adding and selling. But it is all good. Thanks Ross thanks 👍 for free professional expert lessons here. Yes each individual is fully responsible for losses and gains but man you are educating.
Made $700 on this stock today. Thanks for the advice
I picked up ZAPP today after a trading halt at 11.99, but after 4 hours of chop it wore me out and I closed my position at 12.56, right before those monster rips over 15.00 and 19.00. Damn!
Seeing the video in real time and how fast you have to react is really impressive. From one second to another the situation is completely different. By the way, do you have a hotkey to set your stops? I always wondered how you do it, and also how you can then get caught in the big pullbacks. Is it because you didn't have time to put your stop in place?
I was green today on SNGX but I'm not completely happy about it. I was stubbornly holding quite a while after a big drop until it went back up. So the market "rewarded me for bad behavior." I still need to learn to get out when all my rules are telling me to.
Thanks for another great video Ross. Please tell us how you are able to use stops pre-market. If I try to put in a stop loss pre-market, my shares immediately sell at the stop price, even if the stock price is higher. Thanks!
Love your videos!!
Maybe the comments can help me. Excuse my ignorance as I’m very new to day trading. I understand the general setup for entries after a pull back, however, what time frame is being used for the entry? Are we looking at this pull back across 1 minute candles, 5 minute candles or a different time frame to enter at where he draws the doji/break back up from resistance? Thank you in advance
Man got in SNGX round $5 2k shares and stoped out 2x today. loss of 362 small loss but mossed out on a big green day. 2nd day i messed up on choppy trades.
2nd day of realistic paper trading (small order size), made $99 on the SNGX pull to $8.
I now starting with your videos!!!
Traded sngx today as well in the early move at 6:43 cst, i bought on the micro dip and i sold when it shot up 44 cents a share, then i was out of buying power for the day and ended green $88
Yes! Got in early and let it ride all day!
What time frame are you looking at to find time these dips, Ross? 5 minute?
I bought 90shares of SNGX this morning @ $9.59. Put in a sell limit @ $10.59 thinking that since its day high was $14.83 , I figured it definitely go back up to $10.59. Never did and ended up loosing $200.
any chance you could post a video on what you think will go up or continue to go out for the rest of the week? you’ve been on fire about everything since i’ve started dolloeing
ur the man brotha a little discouraged but i feel i will hit one day soon. Im in the right trades but making wrong moves for these last trades. Think im playing it hoping for a hault up trading circut breaker haults. Relizing I should be analyzing more and making smart trades on a stock going up on a good catalysts. Thanks brotha.🎉🎉
Which timeframe is best for technical analysis
Down here in Houston where Hurricane Beryl hit and couldn’t take advantage with the horrible WiFi🤬🤬😢😢
It comes it and out sometimes I can’t see the updated 10-30 min candle! I just can’t pull the trigger!
But damnit I should have anyway even with no power and bad WiFi whenever it wants to works I could made something🤣🤣
I’m pissed!!
And couldn’t capitalize off of Zapp yesterday or today and killed it last week with zapp!
I kept getting stopped out on SNGX. I didn't hold losers so I'm doing well in that department but I didn't zoom out to keep track of the trend to help with my entry. Tomorrow is another day and tomorrow will be a good trading day.
were you in super early in the morning? I got stopped out 3 times within 15 minutes. I hit max loss so I went back to bed with settled cash and woke up to see it was up 450%. Sometimes I feel like Truman from the Truman show
@@ryanrimmer4013I got in on the dip thinking it would rip up at 9:56
I bought on the crash of Zapp as well. I waited till it hit bottom and the level 2 looked good, and green candles were showing to buy.
i wish there was 5 min videos because this is so far from my usual time watching useful stuff
Learn to grow, Teach to master 🙌🏽💪🏽❤️
Down here in Houston where Hurricane Beryl hit and couldn’t take advantage with the horrible WiFi🤬🤬😢😢
It comes it and out sometimes I can’t see the updated 10-30 min candle! I just can’t pull the trigger!
But damnit I should have anyway even with no power and bad WiFi whenever it wants to works I could made something🤣🤣
I’m pissed!!
And couldn’t capitalize off of Zapp yesterday or today and killed it last week with zapp!
But thanks for this breakdown I can still see myself not taking full advantage by being scared of the dips at times!
Earlier this week I was hit with a wash sale, something to do with selling securities at a loss? I got nervous and got out of a stock, took a $14.00 loss and the next stock a $7.00 loss. Anyone have this happen before?
Following the price action on SNGX this morning was thrilling! Just practicing so I had a very small amount of shares and my profit was insignificant BUT I was simply happy to be in the action and practice. I bought in that nice curl at 9h45 around 5,75 and chickened-out before the top just before $11. Happy with that! For a moment I thought it would go higher to $15 or even $17 but I decided to lock in my win and don't overstay my welcome... around 1:30pm I was glad to be just a spectator!! That drop was nasty!
How long should I paper trade the beginner strategy before I try more advanced strategies? Thank you for your lessons!!!
This really depends on your preference. Having a few months of consistency with your strategy would be a good place to start aiming for while trading in the simulator.
Very grateful for you Ross 🙏
How do you trade before the market is opened? Which brokerage are you using?
Bout at 6.35 in premarket. Sold at the first rip past 9.55. Huge greeen day but man my lettuce hands got the best of me. Cant believe it almost hit 15.
Very interested in signing up for the two-week trial it is a little bit difficult though with the time difference with me being in Australia. I've been following some of these strategies just paper trading at the moment. I would have done pretty well out of zapp
27:32 - Look at the MACD and it looks like the 9 crossed over.....it was easy to see it wasn't strong right there.
30:15 rules for day trading
Big bro Ross Cameron 🤚🙏
Hi Ross. What is the name of the brokerage account that you are using to buy and sell your orders thank you. I really do appreciate from you. I am a new traitor, trying to find one chart pattern to trade from and to recognize when to get in and to get out, so thank you for all your help.
Can you apply this strategy on the 1hour chart ?
i seen $rr drop 70% and the next day gain back 60% there was no news and i cant figure out what caused it has anyone got any idea help me understand what happened?
How many shares did you buy? Bc these aren’t option trades right
Yeah those dips are tricky i did a couple today and made a few bucks...tricky part being not knowing if its truly a dip or headed south...lol
made 3 trades on sngx between 7:44 and 8:02. I was stopped out on all 3. The last one put me at max loss on the day so I stuck to my strategy and went back to bed. Woke up to see it had squeezed up $7/share. Made it's first move minutes after I went back to bed. Going from 3.90 to 6.70. Most frustrating day in awhile. Wasn't even upset in the moment as I was stopped out 3 times very quickly.
i got stopped out on it too, twice 😢
@@user-lw3ri8us4w I've got where I don't let getting stopped out bother me. Taking starter share size has helped me. Lately, I've been getting stopped out multiple times trying to hit the break out then it finally breaks once I'm not in.
I got a little worked up today for the first time in awhile.
3200 account. Made $141 on Wena buying the Dip!!! At 4am
At that time we can trade ? I didn’t know that
@@fredisleyleon5750yep most brokers let you trade premarket and adter hours. there’s just no stop losses so you have to be more careful
Hello, are those penny stocks? Thanks
I can't wait to join your warrior trader account. Just can't afford it at the moment
Hello Cameron, I am a Forex starter and I recently encountered your videos...I have watched almost 10 full one hour + videos but I wonder why you talk about stocks, is stocks and forex the same or I am in the wrong place
You said you were going to link a video about an indicator at the end but there was no link
When do we get AI that puts all of these rules together and it just tells us to buy or sell
Ross man ❤ your the GOAT. I cant say I've made anywhere near enough to make changes in my life, but in the last few months, watching your videos has expanded my knowledge tremendously. Ive went into this thing head first and lost alot of money. Your videos have taught me and changed my views drastically and hopefully in time I'll be commenting on how it hit my first big trades 🙏🏾❤️🔥🫂
Can someone explain why CAPITALL is placing trades with out pressing any buttons?
If you expect the price of a large-cap stock to not go down when exiting, don’t sell at the half-dollars& whole-dollars, and only buy at half-dollars & whole-dollars.
Seems like a much riskier strategy especially for beginners
Hi, Ross! Do U have stock scanning software? How can we get this kind of opportunities?
Can share!!
Also, can we follow U during Live market?
I made 200 bucks on Tesla. I can't get past panic selling after the first big dip.