THIS ⚠️ is why day traders LOSE money

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  • Опубликовано: 24 ноя 2024

Комментарии • 302

  • @pn4640
    @pn4640 Год назад +28

    Thank you Ross. You are the best. Today was a great day…did not break my rules and made money with GNS. Last week was bad very bad losses. I pray for a great week and days to come for all of us. What I have learnt from you Ross is priceless…from Canada 🇨🇦 with much appreciation

  • @DaytradeWarrior
    @DaytradeWarrior  Год назад +4

    Click here to Access my Small Account Strategy PDF, Micro Pullback Strategy, My Technical Analysis Guide for Beginners, and receive a link via email for a two-week trial at Warrior Trading 🍏 warrior.app/truth-about-trading-free-gifts

  • @AngelaAngela
    @AngelaAngela Год назад +4

    According to your videos I watch everyday. I believe in Ross is not only a good teacher but also a very good person as well, by reminding us using margin is risky, starting with mini account first, and trading less until best setup shows up......Thank you so much my dear teacher.

  • @rickyjennings8627
    @rickyjennings8627 7 месяцев назад +1

    This is so true. Started in 2020. Took 4 yrs. Im finally recognizing patterns calling out trades ahead of time...half of the time I'm trading the same stocks and getting in at almost the same time as you im finally making money. 4 long yrs. Everyone forgets the turtle won the race.

  • @livewed
    @livewed Год назад +3

    So true, it is important to appreciate small gains. I lost a lot of money trying to grow my money fast

  • @gonerc137
    @gonerc137 Год назад +11

    Thank you Ross ! I’ve watched the video 2 times already ! You are the best teacher ! The way you talk to us it feels the most real and academic way to teach ! Thank you so much !

  • @JenMarco
    @JenMarco Год назад +39

    If those stats are accurate and 90% of the people who tried day trading fail and move on to something else, I believe it’s because they thought it would be easier and decided to go the easy route and work for a guaranteed paycheck every week or they gave up and didn’t give themselves enough time to become successful. I’m a firm believer that we can do anything we’re willing to work for and not give up. Some people take a year, others take several years but anyone can do it if they don’t give up

    • @nathanmccullough7755
      @nathanmccullough7755 Год назад +7

      100% agree. Trading is HARD but it is possible. Most people can't or won't take the time to learn it properly or they size too large too soon and blow themselves up.

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад +2

      👍🤓

    • @damiankruhmin2624
      @damiankruhmin2624 Год назад +6

      Don't look into the "90%" number. 90% of all restaurants fail in the first year. 90% of all businesses in, in general, fail. The reason is 90% of all people can't run their own business. 90% of all people "try" to start their own business, fail, and quit. End of story.

    • @shawnalexander7914
      @shawnalexander7914 Год назад +1

      True but people also do lose their whole life savings day trading. Don't give up is an easier meaning for something that won't ruin your life

    • @garouthetiktokinfluencerhu9731
      @garouthetiktokinfluencerhu9731 Год назад

      @@shawnalexander7914 the same can be said for anyone trying to starting a business
      You put all of that money into a business and for whatever reason it fails, then what?
      You have the potential to lose hard in both. The only difference is that trading allows you to have a better control in how much you’re willing to lose.

  • @neilgornall3783
    @neilgornall3783 Год назад +4

    last year I lost everything, all my savings were with a company that went under. (not a story for here) so I lost faith and have sat doing nothing other than feel sorry for myself. Today I watched this video, and for the first time in a long while, felt that fire in me which I used to love. I am ready to learn new skills.. Thank you Ross

  • @JasonRosensweig
    @JasonRosensweig Год назад +16

    Ross this was a great comparison video. I checked into Trader Rebab today took 3 trades, small size, all green +$59. I was trading much larger size over the last few weeks and took 100s in losses due to over trading and not sticking to the basics. Been a Warrior Pro for 6 months but I still fall off of the wagon every once in a while lol. Thanks for all you do!

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад +2

      Way to go, keep at it!

    • @persistenttradinggroup3934
      @persistenttradinggroup3934 Год назад

      I’m in the same boat but trade different type of stocks. I always try for huge wins and fail. I need to be happy with what works and small gains every week

  • @vincentmiller526
    @vincentmiller526 5 дней назад

    Here to the end Ross. Took a loss today. Didn't maintain discipline. Needed to hear this

  • @jointradetips
    @jointradetips Год назад +57

    yes SMARTER not harder! I always tell my guys "why reinvent the wheel" as well

  • @rockstara.y.8653
    @rockstara.y.8653 8 месяцев назад

    If I stick with this and pull this off you will have helped me turn my whole family around. Generations repaired because of my forward thinking in your coaching. my kids Thank you

  • @michaelcooper2559
    @michaelcooper2559 Год назад +9

    That was a beautiful analogy of beginning traders. You are so right. That's what I do. Turn all my winners into losers. I always get 10 15 cents of at least 70% of my trades, but I've been looking for the home run. It's been killing me. Thanks Ross. Great video man

  • @Ahoto_papa_bi
    @Ahoto_papa_bi Год назад +4

    I had realized this concept from experience as a new trader but I don’t know I was still trying to get someone (a pro) to tell me before it establishes in my head as truth. Thank you Ross.

  • @JESS-CH
    @JESS-CH Год назад +1

    GOLD. Great analogy, great story telling, great lesson.
    Thanks Ross.

  • @GOATCLIPS10
    @GOATCLIPS10 Год назад +3

    LEGEND. i am now a successful trader watchingyour videos and learning the hard way. If i get green, in 1 2 trades, i turn it off and don't look at the market again unless i am notified of a massive move or some crazy news. Because of you brother ross

  • @rockstara.y.8653
    @rockstara.y.8653 8 месяцев назад

    You are so awesome for doing these for free man!!!

  • @misslyenastrama
    @misslyenastrama Год назад +1

    this is such a random comparison but i love it. love that youre just in the middle of new England somewhere and not being fancy shamncy on wall street. it makes youre videos that much more interesting!

  • @michaelroby6538
    @michaelroby6538 Год назад +1

    One of your best & most simple videos yet...see you in the rooms.

  • @rizwan101
    @rizwan101 Год назад +7

    This is exactly my issue. If I had taken my base hits I would have been a millionaire by now.

  • @G.O.O.D.Ventures
    @G.O.O.D.Ventures Год назад +5

    Ross, this is probably one of the best videos you’ve made. Really puts things in perspective for me. Thank you and see you in the SC room.
    Be well.

  • @johnnymalott9591
    @johnnymalott9591 Год назад +6

    Yea I learned this the hard way lol. But I’ve been consistent since I ran into your channel and always tell myself green is green.. Hope to join warrior trading soon thanks for all this free knowledge you pass down.

    • @michaelcooper2559
      @michaelcooper2559 Год назад

      That's what I forgot lately and been going for the home runs. Been killing me. I'm going back to this frame of mind. "Green is Great "

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад

      Love to hear it!

  • @drewski6843
    @drewski6843 Год назад +6

    You are completely right. I'm paper trading right now with a new strategy on the 15 min chart. So far so good. Going to test this new strategy for about a week or two to make any adjustments on my indicators then go live. Thanks for the videos.

  • @freemygrandma8752
    @freemygrandma8752 Год назад +1

    1:05 was brilliant psychology

  • @baileykj01
    @baileykj01 Год назад +7

    This is absolutely true. I started my account in September with a cash account at $100. I’m up to almost 5k with a win average of 68%. I trade conservatively and I’m only looking for a 2:1 profit ratio. I might make 10, 15, 20 cents of profit per share, but it’s working very well for me. Start small and grow your nest.

    • @rizwan101
      @rizwan101 Год назад

      Thats great, can I ask how long it took you?

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад +1

      Awesome! Nice work!

    • @baileykj01
      @baileykj01 Год назад +2

      @@rizwan101 since the beginning of September before that I spent 6 months in a simulated account to get a strategy together that works for me.

    • @baileykj01
      @baileykj01 Год назад

      @Joe Kickass if you’re focusing on pullbacks just make sure to try it in a simulator first and if you are consistently profitable only trading the pullback then it’s a proven profitable strategy that you’re comfortable with and definitely worth trading in your live account:) and my hand was shaking and my heart was racing the first time I pushed that buy button, so I can definitely relate. it was a crypto stock (dot) and I made $12. Lol.

    • @justsmy5677
      @justsmy5677 Год назад

      From $100 to just under $5K in 6.5 months?? If you grew your account from $100 to $4,500 in 6.5 months, that would be a 4,400% (percent, not dollar) gain!! On an annual basis it would be even larger. Please give us the details.

  • @richardstrickland
    @richardstrickland Год назад

    Only been interested in the possibility of trading in the last week. So many on You tube, promoting big bull push, leaps and puts. Others dive into large break outs, mass profits. Your straight forward transparency of basic format. Go slow.Take the base hits regardless which league you are in. Small % profits are still profits. Simulate, get your skills, go in small and work your way up. Progress in small accounts, increases as the skill set grows. Keep your strategy simple. These are things I have learned from you in less than 10 videos. Will join warrior traders when funds allow. Practicing on webull. Thank you for your content. I was at the point of just dismissing the whole venture of trading before I found your channel. I greatly appreciate the time, effort and quality content you provide. Have a blessed day.

  • @hazeysgarden
    @hazeysgarden Год назад +2

    One thing that I hear successful traders talk about is tracking their trades. I have a dashboard and run reports, but I don’t really track every individual trade that I take. I wonder if I won’t be successful unless I start doing that.

  • @MoonBull13
    @MoonBull13 Год назад +4

    This really put things in perspective for me. I was definitely the type to expect huge moves in the asset to make huge gains

  • @donedeal7940
    @donedeal7940 Год назад +1

    Study charts. Apply. Win. Only thing that can bring charts unexpectedly to a rise or fall is the news. So keep up on that too.. Im new trader and i profit 8/10 times

  • @aaronm9639
    @aaronm9639 3 месяца назад

    That’s a super rare 23 window Volkswagen bus in the back. Valued around 120k, Ross is super stealth wealth. My father has the normal vw bus

  • @pmece
    @pmece 22 дня назад

    Awesome video, Ross! Thanks for the pep talk/reminders. You're truly a kind and caring teacher. 100% legit. I'm thankful for everything I learned from you while a member of WT. All of you will always be thought of with warm regards and respect. Best wishes to you and yours. Take care!

  • @Robert-po8jn
    @Robert-po8jn Год назад +1

    I started with $200 in my trading account. Within a year it was $3,000. I then grew it again to $7,000. Every trade helps build the war chest.

  • @19chucksmith70
    @19chucksmith70 Год назад

    Quite possibly the best video ive seen on trading! Hit the nail on the head! Thank you.

  • @gheechiedan9299
    @gheechiedan9299 Год назад +2

    I am a Veteran Trader and I 100% agree with what my man Russ has said here! He is 1 of the VERY few Traders on YT I have found to be legit! Respect! 😎👍🏾

  • @singleyfps
    @singleyfps 4 месяца назад

    i some how never thought ab it this way, thank you

  • @danielmaloney766
    @danielmaloney766 Год назад

    This is awesome and makes perfect sense. Hope I still feel that way when I'm sober.

  • @jeremiahnewsom7775
    @jeremiahnewsom7775 Год назад +1

    love this channel!!!!!!!!!!!!!!!!!! Ross is the truth!!!!!!!!!!!!

  • @jopisano67
    @jopisano67 22 дня назад

    Awesome video. Very educational. In conclusion, it's not the profit amount you are trying to achieve, ( Everyone has a different account size.) but a system that works to generate consistent profits. Regardless of account size, a success trader will scalp stocks over and over again for profit in a way that has a proven record to work time and time again and not fail.

  • @kastrooutlaw
    @kastrooutlaw Год назад +2

    Been folowing Ross for 4-5 Years now, im not a Member tho because i prefer Long Term Investing and Swing Trading, BUT Ross is the #1 Trader on RUclips. His Experience, Approach and Accountability are insane. I follow Crypto, Stock and Forex Traders but Ross is THE Best Trader. Even this Maple Syrup example is just amazing.

  • @tracyneighbors7059
    @tracyneighbors7059 Год назад +1

    VERY NICE COACH, LOVE IT, GOOD LESSON! THANX FOR THE DOWNLOADS, ALWAYS LEARNING! PEACE

  • @RadAleks
    @RadAleks Год назад +2

    That was an awesome explanation and the best comparison for success.

  • @FinTra_
    @FinTra_ Год назад +1

    100 share $79 profit azul. Honestly, i would not have cared even if it was $2 profit. All i care about ,when i used to trade, and now back on it, is when do i get out irrelevant of profit or loss i don't even look at it of i am up or down.0 emotions

  • @richardstrickland
    @richardstrickland Год назад

    If my summary in my previous comment is flawed, I apologize. Just what i have absorbed from the content of your videos. Thank you again.

  • @pencilcheck
    @pencilcheck Год назад

    We are all FOMO and we all want to be successful right away so we all rush as not 3veryone can afford to grind. Yea that is main reasons why there are so many failed traders

  • @socialmediaguru-h7m
    @socialmediaguru-h7m Год назад

    You are the GOAT Ross

  • @stocktradingcfi
    @stocktradingcfi Год назад +2

    This is so educational, love it!

  • @drivewithbishop4426
    @drivewithbishop4426 Год назад +1

    Hey this is a FANTASTIC episode!

  • @MrTomw67
    @MrTomw67 Год назад +2

    Really enjoyed the metaphor. Thanks for the video 😊

  • @westcoastdogos9486
    @westcoastdogos9486 Год назад +1

    I appreciate all you do with your teaching, but off subject . Is that a vw bus 🚌 n the background! It looks nice

  • @ivanlebedinskiy4145
    @ivanlebedinskiy4145 Год назад

    Your success relies on your personality. Other people can not copy it. The same is true for any other business.

  • @FernandoFischer6048
    @FernandoFischer6048 Месяц назад

    Thank you Sr.

  • @Elie941
    @Elie941 Год назад +1

    100% boss y are the best teacher i learn from him thx

  • @MarksTerritory_
    @MarksTerritory_ Год назад +2

    All you have to do is short 90% fail at trading because they all go long if everyone went short the statistic would turn to 90% success rate

  • @JF-Gagné
    @JF-Gagné Год назад +1

    So well articulated 👌 Thanks,

  • @kinglaughe_r_583
    @kinglaughe_r_583 Год назад

    You have been my mentor for almost 6 months and my friend uve been his mentor for longer he was the one who sent me to your channel and he currently trades over a 6 figure account

    • @kinglaughe_r_583
      @kinglaughe_r_583 Год назад

      ROSS CAMERON pulling families out of poverty one smart individual at a time. :D

  • @lawrenceebo6261
    @lawrenceebo6261 Год назад +1

    Good Information and Video Ross. Appreciate it.

  • @vincentmiller526
    @vincentmiller526 5 дней назад

    Thanks Ross 🙌🏾

  • @MrDeGuise
    @MrDeGuise Год назад

    In Québec, to make monney with maple sirup, the create artificial shortage. But good luck !

  • @austinmen4709
    @austinmen4709 Год назад +3

    This episode was like you were reading my mind 😆 also like a journey through space and time!!!! Hehehehe. I really felt like I was watching the discovery ch. But with trading insight. Really a quality production. Definitely planted my feet back on the ground. It finally dawned on me how long I was base hitting before the great HALT UP came my way. I am also like others thankful for your personality, articulateness and your dedication. You're a well spoken individual. I am grateful. Keep on rocking in the free world. 🖖🏻

  • @mbrasseau
    @mbrasseau 7 месяцев назад

    This is GOLD.

  • @tjsurich8187
    @tjsurich8187 Год назад +1

    this is gold !!my mann!!

  • @JoeyBlogs007
    @JoeyBlogs007 Год назад +2

    I make most of my money in the first 90 minutes and loose most in the remaining hours.

  • @deeplytrekrl5369
    @deeplytrekrl5369 Год назад

    As someone who grew up in New England around Maple Syrup farmers I loved watching this episode. :)

  • @thewhiz21
    @thewhiz21 Год назад +1

    Can you do some more live trading videos and post it on RUclips? I would love to see what you see when trading. Please!

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад

      Ross does have a number of live trading on RUclips that you can find by looking through the channels list of videos. If you want to watch Ross live trade everyday we recommend looking into the Warrior courses: www.warriortrading.com/trading-courses/

  • @Timmyjane
    @Timmyjane Год назад +2

    I cant figure out how to get out of a trade quick enough if it doesn't break up. Regularly it'll dip so fast I end up negative on the trade. Ross will be in and out so fast I am not sure how he is able to get out and be "flat". Take VRAX from today. The drop was nearly instant.

  • @LongTu167
    @LongTu167 Год назад +1

    Thank you Ross for a very nice lesson!!!

  • @ricksanchez2010
    @ricksanchez2010 Год назад

    This video was great. Confirmed what I hoped was a successful strategy.

  • @Helllenaaaa
    @Helllenaaaa Год назад

    Hi Ross! I’m so glad that I found your channel. Thank you for all of your inspiring and educational videos, you are the one trader from all over the RUclips who are actually real trader. Can you please answer my question? Can I apply your strategy for forex trading?

  • @twinquist
    @twinquist Год назад +2

    Totally hear ya, Ross. I was green today until about 1pm and kept trying to find profit is some sideways/choppy stocks because I “hadn’t made enough money yet today”. And PAID the price!! Lost double what I made in the AM for an overall RED day 🤬

  • @janedoe6071
    @janedoe6071 Год назад

    “Purchasing said common shares for personal account and For investment without any intention of reselling or redistribution of common shares”.. anybody explain what this means in simple terms on a stock purchase (subscription)agreement ????

  • @MichaelChean
    @MichaelChean Год назад +1

    This is great advice, thank you!

  • @jimpetersen8180
    @jimpetersen8180 Год назад +1

    Hi Ross. Just started watching your videos. Very much enjoy the content. I see you mostly trade stocks. I recently started trading ES futures contracts. How much of what you teach can I apply to my futures trading? Thanks!

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад

      www.warriortrading.com/best-futures-trading-platforms/

  • @MattSchmittOnline
    @MattSchmittOnline Год назад +1

    Great lesson Ross!!

  • @Jake-xe9kt
    @Jake-xe9kt Год назад +1

    So valuable--so appreciativated--such wisdom.

    • @mikemovila7732
      @mikemovila7732 Год назад

      paper trading so much different than real trading you will be successful paper trading most instances but when you put real money in different story. mark my words

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад

      Of course, happy to share!

  • @AdventuresPUBG
    @AdventuresPUBG Год назад

    Great video Ross.

  • @bizzleboxmedia
    @bizzleboxmedia Год назад

    Thank you Ross! The first link in the description is broken. FYI.

  • @MWLA2
    @MWLA2 Год назад +1

    No trade restrictions is a golden parachute

  • @lil2pacx
    @lil2pacx Год назад +1

    Thank you Ross. Also noticed your hat didn't know your a deadhead but I always could tell you were a vibe.

  • @Alexandruxmihai
    @Alexandruxmihai Год назад

    You are so right Ross, thanks for sharing this with us!

  • @Isaac.Rochester
    @Isaac.Rochester Год назад +2

    Thanks, Ross. I like your coat.

  • @614x2
    @614x2 15 дней назад

    I'm ok with making $24 a day until I can safely scale up. I'm beginning with a tiny snow marble. I'm willing to roll it into a big snowball over time.

  • @corey5495
    @corey5495 Год назад

    Very Valuable information.

  • @sailormoon5126
    @sailormoon5126 Год назад +1

    awesome video Ross

  • @hamzehghazawi9253
    @hamzehghazawi9253 6 месяцев назад

    thank you

  • @jgarard111482
    @jgarard111482 Год назад +1

    Appreciate you!

  • @wendyj.3662
    @wendyj.3662 Год назад +1

    Wow Ross that really hit home with me. I know that is the issue but needed to hear it. So thanks for your videos they help out alot.

  • @freemygrandma8752
    @freemygrandma8752 Год назад +2

    The absolute number one reason why people look for bigger gains than experienced traders is because experienced traders usually don't have a PDT restriction so it's nothing to them to get 10% 20 % moves while people who only have three day trades a week try to hold to see a nice amount of gains

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад +2

      👍🤓

    • @steveb.7120
      @steveb.7120 Год назад

      Exactly!!! Designed to set your mind on larger trades with fewer turns so you don't break the settlement rule. I've lost a lot of money trying to figure that out!

    • @freemygrandma8752
      @freemygrandma8752 Год назад +1

      @@steveb.7120 Yeah they knew what they were doing when they make that rule. They want you to hold because psychological you feel like you have to, They know holding it longer increases your chances of losing.

  • @TheBkdot
    @TheBkdot Год назад

    You know what, I started trading in 2020 and I used to trade TSLA specifically, often turning 1 $700 contract to $1200. Imagine now trading SPY specifically and taking profits on 10¢ moves with 100+ contracts. IMHO, most people just don't have the upfront cost.

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад

      That's certainly part of it. All about finding what works for you!

  • @relaxation-4-meditation
    @relaxation-4-meditation Год назад

    yes! great video again warrior!

  • @Dejan_23Unlimited
    @Dejan_23Unlimited Год назад +1

    Really cool story 👍 But at the end of the day, what kind of pancakes you like !

  • @laffytaffycrew
    @laffytaffycrew Год назад

    Great advice coach!

  • @SagarSingh-bp9np
    @SagarSingh-bp9np Год назад

    Thanks 🐐

  • @stefanjagger
    @stefanjagger Год назад

    That 70% win rate is impressive Ross.

  • @emoneytrain
    @emoneytrain Год назад

    Ross has a sugar bush! So very New England. Makes me miss home.

  • @laurenciogalutan91
    @laurenciogalutan91 Год назад +1

    Trading with 1000$ and consistently gaining 10 - 20$ a day

  • @jamiemorris94
    @jamiemorris94 9 месяцев назад

    Why does it say zero losing trades on your report? Thanks

  • @mickmemes9356
    @mickmemes9356 Год назад +1

    100% right

  • @matthewcaskey1051
    @matthewcaskey1051 Год назад

    Excellent video, and thanks Ross

  • @BigEBigs
    @BigEBigs Год назад

    Excellent talk Ross

  • @bl1204
    @bl1204 Год назад

    Question from a newbie. What is the best way to find stocks that are volatile enough ( fluctuate within the day going up and down ) but have smaller caps that are more affordable to buy? I am currently trading mostly those expensive mega-cap tech stocks that requires larger capital as their price per share is high but it takes a lot of capital with small gain like what Ross is saying.

    • @DaytradeWarrior
      @DaytradeWarrior  Год назад

      Ross uses scanners to find the stocks he trades. You can learn more here: www.daytradedash.ai/