Why We Hold LOSING Trades Too Long! - Ross Cameron
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- Опубликовано: 3 июн 2024
- Watch my 2 hour Trader Psychology Interview with 4 traders and a trading psychology expert 👨💻😉 warrior.app/holding-losing-tr...
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Warrior Trading // Ross Cameron // Day Trade Warrior 
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Watch my 2 hour Trader Psychology Interview with 4 traders and a trading psychology expert 👨💻😉 warrior.app/holding-losing-trades-video-lesson
Needed to watch this. Held HOLO, SYRA at the end of their move and held longer hoping to break even. Too late for me ended up breaking my account, lost 30%.. No pain, no gain.. Thanks Ross for this timeless content...
Good luck!
Thank-you Ross. Hope you had a great day.
Keep it up!
You're welcome Jaime!
Thanks for the video Ross. Trading psychology is my biggest obstacle. This is just what I needed to see.
You're welcome!
Thank you so much for this heart to heart talk
Thanks for watching!
I learned this lesson in the last ten days.
Yep...cut losers quick..shouldn't.
Take the profit and stop 'wishing'..
Coulda...
Learn the lesson an hour too late..
Uh huh.
Lesson learned for just about $550.00 total losses..
I turned winning trades into, "oh hell" trades.
Stay calm...the vomiting didn't last too long.
Thanks for your fine work.
You're welcome!
I've learnt the importance of cutting losses thanks to you.
Thankyou for everything
Thanks for your thoughts!
Thanks, you are a very kindful person!!
You're welcome!
Thank you Ross!
Thanks for watching!
Thank you man, i learned a lot from your story.Very nice of you to share this with us.God bless you!
You're welcome Nicoara!
Hit it on the nail - thanks for sharing 🙏
Thanks for watching!
Appreciate real and transparent people like Ross in this space. Gives a much more realistic picture of the methodology and lifestyle. Thanks Ross 🙏
We appreciate that!
Thanks Ross! See you in the morning for live trading.
Thanks for watching!
Just watched the 2 hour session. It was definitely worth the watch. I learned a lot about myself recently while diving into the psychology of trading. It's crazy how I can relate to all the emotions described in the video. I'm slowly becoming more aware of them. Next step is learning how to control them. Thanks for everything!
You're welcome!
Same here. I've learnt to identify my emotions. Need to control em .
Thanks Ross !!! been following you three years. You are the one out there do trading for real deal !!! Trustworthy !!! wishes you will reach 1M subscribers before Dec 2021 !!!!
You're welcome Harold!
Ross thank you a lot for shearing your personal struggles with us
You're welcome Piotr!
Great video. Thank you Ross.
You're welcome!
thank you
Your voice is very soothing, for that alone I should join your training.
Thank you! 😊
Thank you man
Honest Ross ❤️
Thanks for your thoughts!
Great video. 👍🏻👍🏻
Thank you John!
Thank you
Thanks for watching!
These contents, about the psychological factors regarding the hurdles in trading are soo important, please more of these topics. To have a strong psychological minfullness is the main key factor for the succes on the long term, however it is also the most difficult to improve.
Thank you Mark!
When he walked through the “well, I’ll see if it holds $5.80….5.75…5.50…. Welllll maybe $5.00… weeellll maybe vwap. So real
👍🤓
Great video!
Thanks for watching!
Thank you Ross
Thanks for watching!
Jeez I needed this video today....that darn GWT.
👍🤓
Thanks 🙏 Ross
You're welcome Steve!
Thank You
You're welcome Nori!
Absolutely love following Ross iv now got my 18 yr old daughter hooked on your channel.. dealing with loses is still hands down the best video lol I still be in tears laughing after 100 views
That's awesome, thanks for watching!
that was awesome!
Thanks for sharing your thoughts!
Love the ending, words of wisdom. 😍
Thanks for watching!
Thanks Ross, great Information and thanks for the link! Could you make a video on false breakouts and any tips to not get burned by them . Thanks
My own pro tip for you "to not get burned", as you put it, would be pay CLOSE attention to the level 2 time and sales when these false breakouts occur, as this will literally let you know (if you know how to read the level 2 T&S properly) when these huge red candles will occur (the false breakout). The level 2 T&S will show massive sell offs within about a half of second or so before you actually see a red candle on your 1 minute chart.
@@liljohnny9997 thanks and just to be clear it’s when I see big orders on the bid correct? Like bull flag pattern. Let’s say top of the flag is 4.50 and the corner is 4.00 then it break outs to 4.60 at this moment if looking at the level two and I see 4.80 4.90 big orders on the ask it will keep going up right? But if I see big orders on the bid at 4.40 4.20 3.99 it will slam down? Correct? Thanks
Thanks for the suggestion, I'd be happy to share it with Ross!
@@stevenray197Why didn't you do this when you got burned? Yes, indeed that is correct. But it happens fast, so I forgive you for not acting accordingly (react very quickly next time).
@@liljohnny9997 ok thanks, yeah sometimes just reacting tooo slow ( and level 2 info is tricky to find ) but thank you for the information I’ll react much faster with my hot keys.
Thanks Ross I totally fail that most important part of trading so I now recoqnize that am working on that bad habit.
Thanks for your thoughts!
Hi Ross! I do it a lot
We hope this helps you improve!
There is no place for hope in trading. Just my experience over the last 6 years.
Technicals my friend, experience. Yes. Hope is for losers.
👍
@@DaytradeWarrior someone posing as you on here posting what’s app invite #’s or was it you?
@@DaytradeWarrior maybe I can get them to switch numbers with me hook them up and send them off talking to each them thinking that their talking to me.
I can leave half my phone number in one comment the other half in another comment you can put the alerts together and 💥 hit me up we’ll jump in the Cessna and next thing you know we’re sky diving😜👀. I hold to long because with my cash account I have to wait for funds to settle before I can resume or risk a good faith violation so the little loss grows because I’m stubborn don’t want to take red on my close for an answer. I’ve learned a lot.
Imagine Tarzan playing with letter blocks, each block made a sound, he put a few together and it sounded out (GOD) he was so excited he had to build another and it sounded out (WORD) he was puzzled by the second one so he gave it to (GOD) and that’s when the WORD became GOD! he went around putting a GOD given WORD off on everything else and the people began to worship it. Lol
I made this mistake all week. I was Buying/Selling $50 here, etc.... and then Friday April 12, 2024 hit, and my HOLDS WERE DOWN 50% - 90%.
Something else someone can do with a small account is to open 2 separate accounts. It’d be more cumbersome, but at least you’d have the ability to take more trades!
👍
Id luv to see metrics from the early years when you were blowing up accounts and in what year did it start to come together for you?
Thanks for the feedback!
It’s the pattern day rule pressure to stretch your day trades too
Focus on Better quality setups 💯
Thanks for watching!
What do you think about TLRY AND CGC . ?
The market opens slowly ,as a long investment...?
Do you day trade Indices Futures which is highly liquid? Which is better indices or stocks.
As day traders, we trade the US Equities markets, but our strategies can still be applied to other markets. Check out this page here where we explore this more in-depth: www.warriortrading.com/why-our-strategies-work-in-most-markets/
I m holding on PHUN and DWAC IN THE down position. 😭 Exactly what your telling me not to do. So sell instead of hold and hope
So sorry to hear that!
Yeah that'll teach me to just go ahead and take your flagship crash course on investing for dummies.
In your course does it tell me what size monitor and hardware and trading platform I would need to be set up just like you boss. I want to be set up just like you. I'm sooo hungry for success man. As a hard working Cristian I don't waste time and money on women or partying or drugs and alcohol I own a small construction handyman service that is slowly growing but at this rate I work every day from dusk till dawn for the rest of my life.
Gwh a good stock to daytrade in scalp🚀
👍
Buddy, are you a fan of the Grateful Dead?
I like your t-shirts. I get that vibe.
Yes Ross is a big fan!
I started using trade ideas this week
The gap scanner is not yielding anything good! GWS didn't come up until later in the session on the momo scanner.. think I'm venting the market is merciless rn!
Sorry to hear that! You may want to think about using the Warrior Trading scanners instead! If you haven't had a chance to attend yet, the best way for you to learn more about those scanners would be to join us in the next live Warrior Trading webinar. The webinar 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/
yep it's always 1 big red trade that kills my account. It's 10 small losses combined.
🤓👍
I have a problem with that sometimes
Hope this video helps!
I held SPRT at 33 and held... and held... until it merged into Gree and lost over 15k. Lesson here is, use a stop loss!
👍🤓
A colleague of mine has purchased stock at a discounted rate from the company that they work for (a large conglomerate company). However, their company is being bought out by another major corporation. My question is: If your company is being bought out by another company, should you sell your stock?
Hey Colleen, Sorry, but we are unable to give financial advice.
It's hope for reversal
love this guy!
Thank you!
This is my struggle!! I tell myself to get out and just keep holding on. Smh
Sorry to hear that! If you haven't had a chance to attend yet, the best way for you to learn more about how to overcome that issue would be to join us in the next live Warrior Trading webinar. The webinar 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/
Anyone suggest a good paper trading platform to practice?
tos
Tradingview has it all..
thank you
Webull
The Warrior Trading simulator! If you haven't had a chance to attend yet, the best way for you to learn more would be to join us in the next live Warrior Trading webinar. The webinar 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/
Hello how are you
We are doing great, thanks for watching!
CCXI should see 29.09 🔜 maybe Thursday not tomorrow
You promise?
Thanks for sharing!
how long is too long when holding a trade?
Hey Gilligan, That is a question that Ross answers in his live webinars. If you haven't had a chance to attend yet, the best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar 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/
At what point do you just have to hold and not cut them? I have a couple of stocks that are down 50%. I’ve fooled myself to believe they will come back.
Ross always makes sure to have a stop loss, and would not hold a losing trade past the stop loss. He knows a losing trade can always get much worse!
When you're shorting a stock is it as easy to get out of the position as when you're going along on a stock?
Depends on the spread. When shorting you have to cover and sometimes you have to buy the ask to cover.
It is pretty much the same
@@DaytradeWarrior Not to be a pain. But how so? If the stock starts going up is it just as easy to get rid of it like a stock's going down? When I first got into paper trading I would always short stocks. But with real money I've always been hesitant even when they don't charge you for shorting.
@@bajaexpress5257 yes, all you have to do is buy the ask. If you short a stock from let’s say $10 and think it going to $9.50, but it squeezes to $10.45 all you have to do is buy the ask price and you covered. If the stock does go down like you said you can place a buy order at $9.50 to cover or buy the ask which could be $9.51. Hope that helps.
@@Dannyws6 Thank you.
Welcome back, you still have the issue? It's a sickness.
Why ? I know why, because hope. Give up all hope be a better trader.
Thanks for the thoughts!
@@DaytradeWarrior lol I'm just kidding, what's trading without the fun ? Just money, who wants that ?
Ross I bought $4000 of AYTU at 12.76 2 years ago and it is in the mid $2 range. I can’t cope with dumping it and losing $4000….should I just hold it hoping in a few years or more will turn around.?😂
Hey Trevor, Sorry we're unable to give advice on a particular trade.
I’m down 67k from day trading for the last 3 years. This isn’t for me. I should have just invested the 67k into a long term growth stock like AAPL OR TSLA. I would have been up 😢
So sorry to hear that!
I would argue that it's 90% mental and 10% skill anyone agree??
Hard to say for sure, certainly a large part is mental!
I def hold too long..they get away from you quickly.
👍
Where was this video 6 months ago! 😂
Not made yet! 👍😂
Good idea to cut the loss , otherwise you blow your account
👍🤓
I just blow my CMEG account by holding ADGI stock since pre market
I just need a second chance 🤦♂️
Don’t know what to do 🤦♂️
So sorry to hear that! It may be a good idea for you to take a step back so you can take an opportunity to evaluate everything. Often, trying to make your losses back after this kind of experience can lead to even worse losses. You should think about trading in the simulator for a little bit, which is something you can access as a student of our community.
If you haven't had a chance to attend yet, the best way for you to learn more would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
" I think that i am" , ha ha ha... if you are not who else could be ??
👍
New to trading, bought 50 shares of Koss on the halt and went into after market on the open, tried selling at a profit of USD100 and realized I have to hold to market opening. Big learning curve. Thanks for the videos Ross, you are a legend Sir.
Thanks for sharing!
I should have watched this video before the crypto crash just a few days ago. I lost massively because I rode the crypto losses all the way down while using leverage. If it wasn't bad enough, I kept using leverage to try to catch the "recovery" only to go down multiple times, making the losses worse than if I simply held onto it. Worst decision I could make!
Fortunately, I'm only using $30 starting money to trade that I got from crypto mining, so I won't repeat the same mistake if I use larger amounts.
Sorry to hear about the losses!
How's it going Big Dawg?
We are doing great, thanks for asking!
i cut them right away
Thanks for sharing!
I really want my portfolio to be up to $100,000,000 a year, I guess it can be possible…
If you haven't had a chance to attend yet, the best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar 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/
Wait, can you explain !
Fine $8.300.000 profit for the year since January
Having 16.000 trades since January 🤔
190 trading days so far, so you are doing 84 trades per trading day 🤔🤔🤔
That’s like 8 trades every trading hour, and doing that non stop
Non stop, each trading day every 5 minutes one trade opening and closing
You are either machine or Lying, sorry man - but really 🤔🤔🤔🤔🤔
That’s since Jan 1 2017, you can see the date in the report. The profit from 2021 is approx 3.5m
@@DaytradeWarrior Sorry and Appreciate your reply. Thank you !