Why most day traders lose money

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Комментарии • 118

  • @MXALOVE
    @MXALOVE 6 месяцев назад +35

    It doesn't matter whether or not you make 20 cents or 20 thousand dollars, the skill is all that matters here and when you can be profitable month over month, year over year, you win.

    • @DaytradeWarrior
      @DaytradeWarrior  6 месяцев назад +5

      that's exactly right!

    • @itsaaron6423
      @itsaaron6423 5 месяцев назад

      I treat it as a game .
      I wanna beat the market

  • @gigibarrett1777
    @gigibarrett1777 Год назад +24

    I’m so thankful i saw this… i know I definitely needed to here this … makes perfect sense ..thank you

  • @WinleyB
    @WinleyB Месяц назад +2

    Wise advice! Right now I’m going through changes with this perspective. And that’s the key 🤞🏼

  • @skatir9
    @skatir9 7 месяцев назад +10

    I've been following Ross for years. My big growth came when I started taking 1-2% profits over and over, sometimes a dozen trades a week. Those $24 profits became $240 profits in six months, still taking 1-2% on each trade.

  • @Vi.king18
    @Vi.king18 2 месяца назад +1

    This came out of my feed at the right time. I've been missing signals and entries. Thank you for the reminder that it's not an overnight deal.

  • @JasRog1026
    @JasRog1026 8 месяцев назад +16

    I started a momoo acct with $1500 4 months ago, and have slowly grown it to almost 6k 😊😊

  • @MillieMuncher360
    @MillieMuncher360 Месяц назад +2

    Don't forget that the risk/reward is multiplied equally both ways. If that $0.12 increase is $1200 profit, the the $0.12 decrease is $1200 loss. So if a small account only makes $24 on the profit then the loss is only $24 and that's where you use the information to learn and perfect your trading patterns so that some day you can get to the big leagues and not worry about the bad trades as much

  • @davesian1893
    @davesian1893 6 месяцев назад +3

    Ross is the man. Been watching him for years. Love this guy. 💯 Percent right

  • @leikeze2x
    @leikeze2x 10 месяцев назад +18

    I had so many blown accounts, and the most valuable lesson I got is just to be patient, have good risk management and scale up my account. It doesn't matter how small or big your account is, just be patient.

  • @gussalcedo7047
    @gussalcedo7047 10 месяцев назад +20

    You’re 100% right brother… you might get lucky and get 1 dollar out of the market on a random day but those .15 or .20 cent wins is where it’s at

    • @DaytradeWarrior
      @DaytradeWarrior  10 месяцев назад +2

      Thank you!

    • @kingdomlamb7741
      @kingdomlamb7741 2 месяца назад

      @@DaytradeWarriorAnother thing I can see messing up new traders such as myself is extreme fomo due to the pdt rule and missing opportunities because you can’t buy or sell on the biggest opportunity

  • @Jake-xe9kt
    @Jake-xe9kt 15 дней назад

    So true Ross! Thx!

  • @theroyalfamily7819
    @theroyalfamily7819 14 дней назад

    That makes great sense. Get a dollar a share profit point.

  • @theroyalfamily7819
    @theroyalfamily7819 14 дней назад

    Great Analogy..

  • @uglytv3335
    @uglytv3335 9 месяцев назад +13

    Don't look at your $ look at your %

    • @DaytradeWarrior
      @DaytradeWarrior  8 месяцев назад +1

      👍

    • @kingdomlamb7741
      @kingdomlamb7741 2 месяца назад +1

      Exactly if you can consistently have a green % on your account p&l and it’s 5% or more every week then you’re on track to scaling up with money in great amounts in 2 years

  • @exaltedone2799
    @exaltedone2799 Месяц назад

    I have the most success when I get in and get out while it's still climbing or at the first bit of hesitancy to move higher. It's when I hold it that it goes back to even or lower.

  • @r.arodriquez4392
    @r.arodriquez4392 4 месяца назад

    Thanks! you always have great advice 🙏🏾

  • @Jdawg42069
    @Jdawg42069 7 месяцев назад +4

    Consistency is the key 🔐 I appreciate your vids Ross you continue to spread some of the most knowledgeable information on day trading out their while keeping it realistic 🤙

  • @slim_garrison
    @slim_garrison 5 месяцев назад

    So true! Ross laying down the facts 👍

  • @jorgegarcia3358
    @jorgegarcia3358 Год назад +4

    Im paper trading until i consistently make gains before i start playing with real money

  • @brians.4403
    @brians.4403 9 месяцев назад +2

    Rock solid advice 💯

  • @ukrainianman812
    @ukrainianman812 10 месяцев назад +5

    You are the GOAT

  • @mabs21
    @mabs21 Год назад +14

    Love it.. thanks.. my goal is to make 5 cents per share with a 4K cash account. I only make 2 trades of 1000 per day. I’m practicing on my entries and exits and controlling my feelings. Consistency is the key. A couple of years then I’ll increase my size. 👍🏼is a marathon not sprint right?

  • @Matt-qx3jb
    @Matt-qx3jb Год назад +2

    If you have a small account you need to trade on margin which is higher risk but can make for a lot of profit potential

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад +1

      Good point Matt!

    • @kingdomlamb7741
      @kingdomlamb7741 2 месяца назад

      Also the instant buying power on days where you know your opportunity is at its so beneficial rather than having a good day but can’t make anymore trades because funds need to settle in 2 days

  • @allwedoistwin
    @allwedoistwin 3 месяца назад

    Thank you

  • @lewisscott2385
    @lewisscott2385 Месяц назад

    Hi, I'm using trading 212 and I'm struggling to find the stocks that I can daily trade with, I'm starting small with $20 trades

  • @aidenthompson3899
    @aidenthompson3899 10 месяцев назад +1

    I’ve always had a problem with this so Ross, Under what conditions if any is it a good idea to hold loosing trade overnight or for a few days?

    • @DaytradeWarrior
      @DaytradeWarrior  10 месяцев назад

      Hey Aiden, Ross does not hold any positions overnight, especially if it's a losing position already.

    • @DaytradeWarrior
      @DaytradeWarrior  10 месяцев назад +1

      Personally I never hold day trades overnight, it’s not how I manage risk. I cut the loss. Yea sometimes they move higher days later but many also go lower.

  • @MickeyMekhael
    @MickeyMekhael 5 месяцев назад

    U r the best

  • @mikeadaml
    @mikeadaml Год назад

    Thank you Ross

  • @MaddieFishblob
    @MaddieFishblob 5 месяцев назад +1

    Yesterday I made $12, and today I entered some losing trades and made $2 total profit. Which I actually consider a win considering it’s my first week😗 & anyways, it might be better to start out with a smaller account cuz the pressure of larger numbers could easily lead to more mistakes if you aren’t ready for it

    • @itsaaron6423
      @itsaaron6423 5 месяцев назад

      Wow ! Amazing

    • @michaelryan3158
      @michaelryan3158 3 месяца назад

      If you are on warrior trading subscription do you know how to get 3 charts to of the same stock with different time tickers?

  • @don-jp2rs
    @don-jp2rs 5 месяцев назад

    do u offer some metershop program ?
    I only trade stocks on Interactive Brokers

    • @DaytradeWarrior
      @DaytradeWarrior  5 месяцев назад

      You can check out our Warrior Pro program contents here: www.warriortrading.com/trading-courses/ Feel free to reach out to our team at team@warriortrading.com with any questions!

  • @blakehorton6306
    @blakehorton6306 Месяц назад

    Here’s the thing, it’s easy to be happy with a 5% profit on a 100k account. It’s a lot harder to be happy with a 5% profit on a 500 dollar account. It’s easier to take a “small” profit at a higher account than it is at a small account.

  • @fernando3061
    @fernando3061 9 месяцев назад +1

    Hey Ross, so I'm super happy with 24 bucks. I mean robinhood doesn't charge fees on options so if I start with 240, which I did, and I make 24 bucks that's amazing. That's 10%. Honestly I'm happy with 5 bucks. Due to this mentality I've turned 240 into 560 in 7 days of trading. I'm pretty excited cause I just get out if things go red, I don't like the idea of fomo so it doesn't really bother me.

    • @DaytradeWarrior
      @DaytradeWarrior  9 месяцев назад +1

      right on!

    • @fernando3061
      @fernando3061 9 месяцев назад

      @@DaytradeWarrior You know what tho? I feel safe with just 1 or 2 contracts right now, slow and steady I think because I tried slightly higher lot sizes and it really changes the game especially when you're starting out. I'm going back to be a slow turtle.

  • @justinmorton1774
    @justinmorton1774 Год назад +4

    What you’re saying applied directly to me….. so I let my ego go…. Studied multiple trade theories from yourself and other successful traders…and now I’m averaging $600 a day….. thanks so much

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад

      You're welcome!

    • @manij1078
      @manij1078 6 месяцев назад

      Hi, How much are you trading with to make $600per day?

    • @justinmorton1774
      @justinmorton1774 6 месяцев назад

      @@manij1078 roughly about a thousand shares

  • @AlexanderJaney
    @AlexanderJaney 2 месяца назад

    Idc what that price is as long it is 20% gain. I take out 10% loss

  • @bryan77727
    @bryan77727 9 месяцев назад

    Very good ross

  • @Duckhunterbyu
    @Duckhunterbyu 4 месяца назад

    💯

  • @ShortboyKennel
    @ShortboyKennel 6 месяцев назад

    So if you have a smaller account it's just going to take you longer to be able to make enough money to day trade.

  • @barbaramancini366
    @barbaramancini366 11 месяцев назад

    Holy mey. Nail on head. Thx again

  • @Beach-day-76
    @Beach-day-76 4 месяца назад

    Start small you have time too grow

  • @belbahrimourad3179
    @belbahrimourad3179 Год назад +4

    I'm trying with 40% per day 🤣🤣

  • @mikemovila7732
    @mikemovila7732 7 месяцев назад

    When I saw the video on your biggest loss on your birthday I realized trading is one of the most difficult things you do. I believe you should start telling people that first

  • @Imhimdogg
    @Imhimdogg 11 месяцев назад

    I love to gamble I’ll invest long term when I’m up 100k. Saw a play for 10c almost bought 24k shares but in two hours it went to 90c so I’m bummed

  • @tronghungdao251
    @tronghungdao251 7 месяцев назад

    ❤❤❤😅😅😅

  • @rayb3000
    @rayb3000 6 месяцев назад

    Anybody else make sense of this?

  • @AlbertoGonzalez-tc2ju
    @AlbertoGonzalez-tc2ju Год назад +1

    🤔

  • @crazy-maxedout8512
    @crazy-maxedout8512 7 месяцев назад

    Why not just trade Forex?

  • @banginzaza
    @banginzaza 10 месяцев назад

    Now I see why stock trader are asking Forex Prop Firms do they have stocks. Lol

  • @cbane
    @cbane 9 месяцев назад

    What the degens hear: "so you should Yolo otm 0tde options to finally catch your break"

  • @Cebudude
    @Cebudude 9 месяцев назад

    Your right on multiple levels , wish i could afford To adavngage my Self but cant afford that at rhis time ? You should raffle a free scholarship

    • @DaytradeWarrior
      @DaytradeWarrior  9 месяцев назад +1

      thank you! I don't have any plans for a raffle right now but will let you know if that changes

    • @Cebudude
      @Cebudude 9 месяцев назад +1

      @@DaytradeWarrior cool

  • @Exzal123
    @Exzal123 Год назад

    that's it

  • @Martyr217
    @Martyr217 8 месяцев назад

    I just look at percentages and not dollars.

  • @mishaluna163
    @mishaluna163 7 месяцев назад

    How did you know about the conversation I was having with myself today?!

  • @MaxMax-uu3bs
    @MaxMax-uu3bs 5 месяцев назад

    I’ll take 24 bucks and make it $48 tomorrow. Take your time you have a new stock every day. Just chill take 1-2 trades a day and double your profits every day without blowing up your account. You have time just chill

  • @Darionix
    @Darionix Год назад

    33

  • @lbz_2k732
    @lbz_2k732 Год назад +1

    Because they are not you. Lol

  • @Cryptowski
    @Cryptowski 5 месяцев назад

    + = +!

  • @bryan77727
    @bryan77727 9 месяцев назад

    Ross

  • @awwudi
    @awwudi 5 месяцев назад

    Im cheap 5 dollars or 5k im cheap. Im still making more then your average bank at 5 dollars just sitting there😂

  • @smeshnoymatvey2054
    @smeshnoymatvey2054 10 месяцев назад

    No evidence that you trade 6-figure account.

    • @DaytradeWarrior
      @DaytradeWarrior  10 месяцев назад +2

      Ross’s broker statements are available at warriortrading.com. You can view them anytime…www.warriortrading.com/verified-earnings-2023/

    • @donaldlyons17
      @donaldlyons17 5 месяцев назад

      Well but even so if he has a 10K account and gets 1 to 2% he can stil end up with $100 to $200 dollars...

  • @ricklorion
    @ricklorion 8 месяцев назад

    Thank you

  • @exarawgmusic1510
    @exarawgmusic1510 11 месяцев назад

    Thank you