Started trading QSI at 7:20 with $1.11 to$1.26, $1.37 to $1.52, $1.62 to $1.75 finished at 9:37. I dislike halts, shut down all and voila,great green day!
Thank you Ross for the video. In simulator Day 66 of trading. Enter day 150 red from the previous 2 days. 4 red trades almost kept the red trend going, but nice trades on XCUR, SPIA put me green on the day and week. Good recevery Wednesday. Day 8 of the 2 week trial. The scanners, 10s chart and news really helps... and Ross live trading! SELL LOSERS FASTTTT BE PATIENCE WAIT FOR NEWS ON MOVING STOCKS Keep practicing
Score $0.18/ share, $0.19/share, and $0.10/share on three different stocks today. All stocks below VWAP and following support trendlines. I actually felt like I knew what I was doing today lol
just a quick question. how do you find suitable stocks in time? I see the stocks Ross trades on too, I see the patterns, but TOO LATE and i don't know how I could change that.
Hello Ross, I have to say this, every single time I watch one of your videos where you share your trades and you make money, you should watch the big smile in my face because it makes me happy, and I know that if working in consistency and don’t give up, sooner than later or in a few years I will be making money as well, may be not that much as you do, but enough to make a living.
i encourage ross to continue to be transparent and completely honest about all p/l's for the day. Im in the 2 week trial and its going amazing. its helped me wake up everday to tune in to the live broadcast. transparency is #1. so important for all of us students. ❤ross
My trade price becomes resistance. Every, Single, Time... I find the A+ stock, I identify key support and resistance levels, I wait for support and the right patterns/set ups, I enter, It dumps. If I respect my stop loss, the price will then reverse and rip higher without me, If I don't respect my stop loss, the price continues to fall. It just goes against me no matter what I do. I don't even remember what the color green looks like.
I trade the bull flag pattern and that started happening to me . I started seeing good trades when I would wait for the red candle and let it finish forming then take an entry when the next candle makes a new high. Before I would see the candle turn red then green thinking that that was a pullback but that is not a true pullback .,I take an entry only for it to be the top of the move then it drops .
quantum price exists 😄 What works for me most of the time is: 1) Breaking news/short squeeze - first candle to make a new high after a pullback or on break through half/whole dollar. After trend is exhausted, first touch of VWAP usually bounces 2) Break through VWAP after a long time below it - just enter when it breaks. Doesn't always work, but most of the time 3) Sideways consolidation/slow crawl upwards (above VWAP) - entrance off support (have to observe the stock for at least 10-20 minutes to figure out where that is) or on break of consolidation range 4) First touch of 1M 200 EMA when the price drops - look for a quick failure of previous support - if it drops to 200 EMA, catch it there. It usually bounces the first time around. That's it. Don't trade anything else. Don't trade below VWAP. Don't trade with closed 1M MACD (except for a sideways consolidation situation - it's usually almost neutral there). Don't trade slow crawls downwards. Don't enter on break through whole/half dollar in any situation that is not a breaking news one - won't work (proven by myself today). Don't use whole/half dollar and 20 EMA as support when trend has been exhausted - those are easily broken. As you might have noticed, the only situations when you should buy on price moving up are breaking news/short squeeze and break through VWAP/consolidation range. EVERYWHERE else buy when price is down, not up. That takes a lot of discipline and I myself am struggling quite a bit with that, taking plenty of FOMO trades. But practice makes perfect. Also, make a mental note of where you will sell if your trade doesn't work out and stick to that. I often forget... So this comment is probably more for myself to remind me of the rules I should follow, but might work for you or someone else too.
I feel you. This week I have been playing in scared-e-cat mode all week. It has kept me green, but very small green. I find that expected support levels have been hard to trust, the market seems to be treating them more like a suggestion. The same with VWAP as well as whole dollar amounts. This has been a week to respect your stop losses, and if it starts charging back up "consider" buying back in. I got into a stock at support (SLXN), and it continued to drop. I did something I rarely do, and averaged down when it finally hit TRUE bottom. This allowed me to sell when the price climbed up a bit at a modest profit of a dime per share. But being cautious this week has me green on 18 of 23 trades, which is a 78 percent win rate. That combined with respecting my stops has kept me green. Today I only used about 1/4th of my trading account as nothing looked great between 7am and 830am... then I had to get ready for work. Stocks traded this early morning were SLXN QSI ZVSA and RZLV. It would appear some of the better moves (going up by dollars for more than a candle or two) appear to be happening later in the morning lately. But, I never hold myself responsible for market moves, if I am not behind the keyboard.... a man has to work and pay the bills.
Paper trading Day 111: yesterday was tough and today's morning was super slow. But then BTCT began moving and I used my greatly reduced buying power on a $20.30 consolidation breakout trade. Only $106 of profit, but a 2.61% win nevertheless. I then continued to practice trade for the rest of the day but was sloppy. Got in BTCT at the top - lost quite a bit there. SPAI was basically breakeven. I did somewhat well on XCUR and FBRX but my trade session ended before they really squeezed. So ended up in the red despite 59% accuracy.
@@dionear515 I intend to go as long as it takes. The "one trade a day" is a new thing for me and I haven't yet adjusted my risk behavior which resulted in a huge loss yesterday, but I'll get there. Practicing every day till it becomes my second nature. Also I don't want to pay for accounting software to report 1 month of capital gains (or losses?), so will likely switch to real money starting January
It's a divided field but a lot of people believe the sim is best for simply learning a platform and trading a ton to familiarize yourself with entries, exits, level 2 etc. After that, move to real money whether it's 1 share or 100 shares (whatever you can afford to lose). Personally, I started with $200 into a Thinkorswim account and traded $20 positions until I was out of buying power each day. There's no replacement for real money considering it helps you learn about order filling (or lack of!), slippage, staying 100% focused, and dealing with emotions. Just my $0.02!
it will hurt you if you trade with $1 because you will not feel any emotions, vs. if you will trade with a higher amount. If you trade with a higher amount, your emotions will run differently and that will teach you what mistakes you are going to make.. its not the technical analysis its the psychology (emotions) that wont let you make money...
Hey Ross, I traded $KITT and lost $50 and cut loss would have been worse. Then took $SLXN banked $150, so up $100 today feel like a recovery from yesterday. Doing small moves. Back to $2200...thanks Ross for education
@@KausachunPeruDanzas he has several videos already on what it means to be a PDT versus trading in a small account or off shore pro broker. Google it... 🤙🏼
Good Morning Ross, question about your computer. What browser to you use? (Firefox, chrome etc) and do you you any "anti virus" or VPN? Lastly; Mac or Windows? Thanks. PS just getting started; watching your vids for over a year. Thanks for your inspiration!
You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Ross what would you say about the 100 shares 10c a day thing but a stock like fbrx where itd be hard to find a 10/20c stop.. use smaller size? Because one loss could screw up a whole week of 10c winners with 100 shares
Yep! you can check it out on the 2 week trial! It includes Live stream trading with me, scanner alerts, member chatroom, news alerts and customizable charting as well as some chapters of the education in the warrior pro education portal www.warriortrading.com/pro-preview-trial/
I'm still consistently getting green about 66% of the time. Problem is, a lot of my winners are more like 8 cents per share, not 15. And occasionally I hold a loser to long. I have to figure out how to hold winners longer, and stop myself from holding losers too long.
I would recommend trading less and when you do trade try to look for stocks moving 30cents to 1pt then you will be able to capture your 10 cent 20 cent goals much easier
Bought 200 shares of btct at 15.70 sold at 25.46 a couple days ago trying to get back in some while bitcoins pumping definitely the easiest to buy the pullback on
Damn, well done Coach! Your consistency is absolutely brilliant! Just screwed myself this afternoon, tried to take a quick trade after work and bought 10x the shares I meant to with an itchy trigger finger and lost $0.60 per share. Ouch. Stupid mistake trying to trade in a rush! Lesson learned, down 5% today. Double my usual max loss. Began with Tradevue yesterday, showing I've got an 81.6% accuracy, but I just can't hit the same moves you're hitting. I'm lucky to make 2/3% trading with my whole account in a day. What am I doing wrong?
Ross, I have really enjoyed watching your videos over the last month and I can tell those that are not seasoned traders that you’re insights when put into practice really do make a difference - I am looking forward to watching that long. three hour video that you put up yesterday when I have a chance this weekend.
Hey I say we should make $10 a day but what size account should u start with and how many shares should I trade with? 100 shares on a $1000 account? And I know u said $3 to $20 stocks but prefer under $10 stocks. So what I’m asking is when I start an account should I put $1000 in it and when I trade should I just buy 100 shares on a $3 stock at a time? I started paper trading and I know it’s gonna be awhile till I get to open an account but I’m just trying to figure out what to start with that I should try to make $10? In my papertrade I have it set to $1000 and I can make $10 easy but I’m buying $500 bucks worth of shares at a time ! Should I start with only 100 shares?
If your stop loss is let's say 10 cent, and you buy 100 shares, your loss in that trade would be $10. Let's assume your target is 15 cent: with 100 shares you'd win $15 if the trade is green. With a $1000 account, you can buy max 100 shares of a $10 stock, assuming no leverage. So, if you plan on entering a trade with always the same number of shares and you intend to trade $2-20 stocks, you would need at least $2000 to start. Having said that, in my experience, stocks over $10 can be quite volatile and can drop 70-80 cent super fast, so you may want to consider reducing your position on those stocks to maybe 50 shares to accomodate for larger stop loss/target. And all of this without taking into consideration comissions and fees
For reference, I'm making roughly 4% of my position a day. But that is also with a refined strategy in place. If you have a $1000 account, then 4% would be $40
@@ICPolyman This makes me feel a lot better.. You trading non-margin cash account too? My daily goal is 2.5% and is quite hard won. Started with $1k, now at 1.45 3 months later. Feels positive and strong, but slow.
just start to buy 100 share for price range $2 - $5 . Stock price more than $5 quite volatile and sometime with bigger spread. Consistently make $10-$20 per trade for more than 6weeks - 8weeks, then only gradually increase your share size. Patience + Discipline
@@Woodlouse1704 "You trading non-margin cash account too?" ... not exactly.... I have an account with $25k that I don't touch that allows me to get past the PDT rule ... I have my "play money" which is real money on top of that $25k that I trade with
I got burned when FBRX rejected at the open, and then was too cautious when it started to curl around 950. I have to stop trading the open lol, new rule!
I was red today. Chased you again even with you mentioning it!🙄😂. So for 2 days I'm going to do it 'sound off'. On a positive note I left my trades super fast so I'm barely negative. Yesterday I had 2 green and 2 red but hung in my red too long. So not hesitating to get out was the small positive for me today.
How do I do this if I don’t yet have $25k to be able to day trade. I’m limited to 3 roundtrip trades a week. Are beginners just splitting their starting money to multiple accounts.
Feels nice to be the 69th comment! Ross, if at all possible, I would love to hear more or see an example of how you take profit and manage halts once the market opens. You mentioned "taking profit into the halt" in this video which I'm not sure if I've ever heard you say or explain. Are you cutting your position as the tape goes solid green just so you're not at the mercy of the market once it opens back up? Maybe a special video on this soon!? Thanks as always big guy. Appreciate the hell out of you and these recaps
Thank you, Ross! I have a much better understanding of trading Bitcoin now. I've always preferred trading gold due to its safety and long-term upward trend. However, I will definitely give Bitcoin trading a try in the near future, and I hope to be able to make a profit from it!
Ross I know you know more then me and way better but I got nothing out of trading in a simulator but when I traded with real money I got a lot out of it is anyone else like this ???
FORD SQUEEZING UP OFF GAP SUPPORT! LETS GO , BY THE WAY IM WILL AND ABOUT TO JOIN YALLS WARRIOR TRADING , HOPE IM MAKING A GOOD TRADE ON FORD TODAY AND HOPE TO JOIN YALL SOON
I'm not sure who to ask; I need a loan for 17k, to get past pdt. Bank not playing along, and Im doing 4%/day. This feels like it will never reach 25k, since I can't seem to get past using it to pay bills, which depletes capital. Can pay back 100% interest/yr. Lemme know if anyone knows of anyone that can help.
Yes you can! I offer a full course of education for warrior members, you can check it out on the 2 week trial it includes Live stream trading with me, scanner alerts, member chatroom, news alerts and customizable charting as well as some chapters of the education in the warrior pro education portal www.warriortrading.com/pro-preview-trial/
Unless you're making more than the S&P's returns, you're not even keeping up with inflation, never mind being the cause of it. Inflation makes your cash worth less, buying appreciating assets is the only way to not be beaten into poverty BY the market.
Ross - I've enjoyed your service very much. However, recently I noticed you are spending too much time showing your viewers HOW MUCH THOUSANDS you are making every day and YTD. I invite you to be more "modest" and and focus on strategy and trades, but, PLEASE, pullback on sharing your monthly and YTD financials with public viewers, IT NOT NORMAL! And it's leading me not to follow you going forward because you are honestly "ego sharing" how well you are doing sharing you PL results too often in every daily video. It's caused me to to rethink watching your service, I invite you to think about this. Privately sharing with your team is GREAT, but I'm not a paid subscriber, and it feels insulting sharing your PL results. Hope this feedback is helpful. Thanks for reading! And great success for you! 🙏
I don't really agree with the knucklehead above me lol. And I think you've certainly earned bragging rights and I think it's awesome! However, it makes me nervous because when people do this well with money nowadays there's someone bigger and with more connections that might step in and change the rule of the game. Maybe I'm paranoid? I hope I am. You're amazing Ross thank you for everything you post!
Why is it that I make money today and it’s actually a decent profit, compared to all the loses I’ve been taking anyway, and I still feel disappointed, feels like a once off honestly I might not be able to replicate results tomorrow or even get profit at all but tonight I did and it’s overshadowed
Started trading QSI at 7:20 with $1.11 to$1.26, $1.37 to $1.52, $1.62 to $1.75 finished at 9:37. I dislike halts, shut down all and voila,great green day!
Great trading!
Thank you Ross for the video.
In simulator Day 66 of trading.
Enter day 150 red from the previous 2 days.
4 red trades almost kept the red trend going, but nice trades on XCUR, SPIA put me green on the day and week. Good recevery Wednesday.
Day 8 of the 2 week trial. The scanners, 10s chart and news really helps... and Ross live trading!
SELL LOSERS FASTTTT
BE PATIENCE
WAIT FOR NEWS ON MOVING STOCKS
Keep practicing
Score $0.18/ share, $0.19/share, and $0.10/share on three different stocks today. All stocks below VWAP and following support trendlines. I actually felt like I knew what I was doing today lol
just a quick question. how do you find suitable stocks in time? I see the stocks Ross trades on too, I see the patterns, but TOO LATE and i don't know how I could change that.
@@clubbizarre its time then. Time for you to investigate WT!
Best stock trading content on RUclips.... made plenty of money with these videos playing in the backround while trading
Hello Ross, I have to say this, every single time I watch one of your videos where you share your trades and you make money, you should watch the big smile in my face because it makes me happy, and I know that if working in consistency and don’t give up, sooner than later or in a few years I will be making money as well, may be not that much as you do, but enough to make a living.
i encourage ross to continue to be transparent and completely honest about all p/l's for the day. Im in the 2 week trial and its going amazing. its helped me wake up everday to tune in to the live broadcast. transparency is #1. so important for all of us students. ❤ross
My trade price becomes resistance. Every, Single, Time... I find the A+ stock, I identify key support and resistance levels, I wait for support and the right patterns/set ups, I enter, It dumps. If I respect my stop loss, the price will then reverse and rip higher without me, If I don't respect my stop loss, the price continues to fall. It just goes against me no matter what I do. I don't even remember what the color green looks like.
I trade the bull flag pattern and that started happening to me . I started seeing good trades when I would wait for the red candle and let it finish forming then take an entry when the next candle makes a new high. Before I would see the candle turn red then green thinking that that was a pullback but that is not a true pullback .,I take an entry only for it to be the top of the move then it drops .
quantum price exists 😄 What works for me most of the time is:
1) Breaking news/short squeeze - first candle to make a new high after a pullback or on break through half/whole dollar. After trend is exhausted, first touch of VWAP usually bounces
2) Break through VWAP after a long time below it - just enter when it breaks. Doesn't always work, but most of the time
3) Sideways consolidation/slow crawl upwards (above VWAP) - entrance off support (have to observe the stock for at least 10-20 minutes to figure out where that is) or on break of consolidation range
4) First touch of 1M 200 EMA when the price drops - look for a quick failure of previous support - if it drops to 200 EMA, catch it there. It usually bounces the first time around.
That's it. Don't trade anything else. Don't trade below VWAP. Don't trade with closed 1M MACD (except for a sideways consolidation situation - it's usually almost neutral there). Don't trade slow crawls downwards. Don't enter on break through whole/half dollar in any situation that is not a breaking news one - won't work (proven by myself today). Don't use whole/half dollar and 20 EMA as support when trend has been exhausted - those are easily broken.
As you might have noticed, the only situations when you should buy on price moving up are breaking news/short squeeze and break through VWAP/consolidation range. EVERYWHERE else buy when price is down, not up. That takes a lot of discipline and I myself am struggling quite a bit with that, taking plenty of FOMO trades. But practice makes perfect. Also, make a mental note of where you will sell if your trade doesn't work out and stick to that. I often forget...
So this comment is probably more for myself to remind me of the rules I should follow, but might work for you or someone else too.
I feel like I'm in the same boat are u trading in a simulator if so what sim do u use
I feel you. This week I have been playing in scared-e-cat mode all week. It has kept me green, but very small green. I find that expected support levels have been hard to trust, the market seems to be treating them more like a suggestion. The same with VWAP as well as whole dollar amounts. This has been a week to respect your stop losses, and if it starts charging back up "consider" buying back in. I got into a stock at support (SLXN), and it continued to drop. I did something I rarely do, and averaged down when it finally hit TRUE bottom. This allowed me to sell when the price climbed up a bit at a modest profit of a dime per share. But being cautious this week has me green on 18 of 23 trades, which is a 78 percent win rate. That combined with respecting my stops has kept me green.
Today I only used about 1/4th of my trading account as nothing looked great between 7am and 830am... then I had to get ready for work. Stocks traded this early morning were SLXN QSI ZVSA and RZLV. It would appear some of the better moves (going up by dollars for more than a candle or two) appear to be happening later in the morning lately.
But, I never hold myself responsible for market moves, if I am not behind the keyboard.... a man has to work and pay the bills.
Hey I would say slow down a little and wait for the next one moving over 50 cents to 1$ it makes trading feel much easier
✅ +$280.61
Week So Far: ✅ +$1,102.21
"Fool me three times? I'm going to go ahead and buy!"
Lol😂
Ross has been coming with some bars lately lol.
That part made me laugh out loud. Spoken like a true trader!!!
Paper trading Day 111: yesterday was tough and today's morning was super slow. But then BTCT began moving and I used my greatly reduced buying power on a $20.30 consolidation breakout trade. Only $106 of profit, but a 2.61% win nevertheless. I then continued to practice trade for the rest of the day but was sloppy. Got in BTCT at the top - lost quite a bit there. SPAI was basically breakeven. I did somewhat well on XCUR and FBRX but my trade session ended before they really squeezed. So ended up in the red despite 59% accuracy.
I'm glad you are still going man.
@@dionear515 I intend to go as long as it takes. The "one trade a day" is a new thing for me and I haven't yet adjusted my risk behavior which resulted in a huge loss yesterday, but I'll get there. Practicing every day till it becomes my second nature. Also I don't want to pay for accounting software to report 1 month of capital gains (or losses?), so will likely switch to real money starting January
Another small green day for me! Just signed up for my 2 week trial!!!
Hi Ross, is ok to practice with 1 share positions rather than 100? Real money mind you. I don't trade the same in the sim as I do live. Thanks
It's a divided field but a lot of people believe the sim is best for simply learning a platform and trading a ton to familiarize yourself with entries, exits, level 2 etc. After that, move to real money whether it's 1 share or 100 shares (whatever you can afford to lose). Personally, I started with $200 into a Thinkorswim account and traded $20 positions until I was out of buying power each day. There's no replacement for real money considering it helps you learn about order filling (or lack of!), slippage, staying 100% focused, and dealing with emotions. Just my $0.02!
it will hurt you if you trade with $1 because you will not feel any emotions, vs. if you will trade with a higher amount. If you trade with a higher amount, your emotions will run differently and that will teach you what mistakes you are going to make.. its not the technical analysis its the psychology (emotions) that wont let you make money...
Yes! what ever share size you want!
I'm in Fort Lauderdale. Where are you guys in Miami?
In a previous video you said you weren’t going to trade BTCT. Did something change in the technical analysis that made you change your mind?
It was more of the tie it had with Bitcoin that changed my mind!
When you are looking for the 1st candle to make a new high, is that off of 10-second chart or the 1 minute?
Hey Ross, I traded $KITT and lost $50 and cut loss would have been worse. Then took $SLXN banked $150, so up $100 today feel like a recovery from yesterday. Doing small moves. Back to $2200...thanks Ross for education
Ross when is the interview coming out with Danny?
@Daytraderwarrior-l7v awesome! Looking forward to it.
That volume was good on the 1250 halt
Hi Ross, could you do a video about pattern day trader (PDT) ,thanks
@@KausachunPeruDanzas he has several videos already on what it means to be a PDT versus trading in a small account or off shore pro broker. Google it... 🤙🏼
I did the same i bought yesterday for 14$ and got out 21$ . Great stock
Nice!
Fool me three times, I'm gonna buy...😂
Green on QSI, got in at the beginning should’ve held an extra minute
Good Morning Ross, question about your computer. What browser to you use? (Firefox, chrome etc) and do you you any "anti virus" or VPN? Lastly; Mac or Windows? Thanks. PS just getting started; watching your vids for over a year. Thanks for your inspiration!
Still in recovery mode but I did well today again, almost hit $10 today before 9am even hit.
Hey Ross, I am in my 2 week trial and really enjoying the content. I am doing my one trade a day. 10 shares with a goal of $.10 a share.
me 2 on 2 week trial and i love it
Thanks for checking it out! hope to have you as a full time member!
I have been day trading 1 year and believe me dude. Quit it. You gonna lost time and money dude:) find something else to do
Hi Ross exelent job one qestion what do u think about UAVS (just short answer)
No strong opinion. It has a low float and can squeeze, but gets choppy.
Thank u very much for your answer that what u doing is very educational and exellent for me
You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Thanks for sharing
Ross what would you say about the 100 shares 10c a day thing but a stock like fbrx where itd be hard to find a 10/20c stop.. use smaller size? Because one loss could screw up a whole week of 10c winners with 100 shares
Yeah those large % moving stocks can get to the daily goal really quick they tend to be much easier than the ultra low priced penny stocks
For $20, can we see you live trading?
Yep! you can check it out on the 2 week trial! It includes Live stream trading with me, scanner alerts, member chatroom, news alerts and customizable charting as well as some chapters of the education in the warrior pro education portal www.warriortrading.com/pro-preview-trial/
Thank you for your content
You're amazing thank you so much for teaching us
I'm still consistently getting green about 66% of the time.
Problem is, a lot of my winners are more like 8 cents per share, not 15.
And occasionally I hold a loser to long.
I have to figure out how to hold winners longer, and stop myself from holding losers too long.
I would recommend trading less and when you do trade try to look for stocks moving 30cents to 1pt then you will be able to capture your 10 cent 20 cent goals much easier
In the GREEN with twice my daily goal with $KC, and $RCAT
SPAI was choppy. Got lucky riding the momentum. Thank you for sharing, Ross!
Bought 200 shares of btct at 15.70 sold at 25.46 a couple days ago trying to get back in some while bitcoins pumping definitely the easiest to buy the pullback on
Thanks Ross! I leaened some things today 😮
How can one contact you please?
join WT
I can’t believe you didn’t touch QSI today
Damn, well done Coach! Your consistency is absolutely brilliant!
Just screwed myself this afternoon, tried to take a quick trade after work and bought 10x the shares I meant to with an itchy trigger finger and lost $0.60 per share. Ouch. Stupid mistake trying to trade in a rush! Lesson learned, down 5% today. Double my usual max loss.
Began with Tradevue yesterday, showing I've got an 81.6% accuracy, but I just can't hit the same moves you're hitting. I'm lucky to make 2/3% trading with my whole account in a day. What am I doing wrong?
Ross, I have really enjoyed watching your videos over the last month and I can tell those that are not seasoned traders that you’re insights when put into practice really do make a difference - I am looking forward to watching that long. three hour video that you put up yesterday when I have a chance this weekend.
Hey I say we should make $10 a day but what size account should u start with and how many shares should I trade with? 100 shares on a $1000 account? And I know u said $3 to $20 stocks but prefer under $10 stocks. So what I’m asking is when I start an account should I put $1000 in it and when I trade should I just buy 100 shares on a $3 stock at a time? I started paper trading and I know it’s gonna be awhile till I get to open an account but I’m just trying to figure out what to start with that I should try to make $10? In my papertrade I have it set to $1000 and I can make $10 easy but I’m buying $500 bucks worth of shares at a time ! Should I start with only 100 shares?
If your stop loss is let's say 10 cent, and you buy 100 shares, your loss in that trade would be $10. Let's assume your target is 15 cent: with 100 shares you'd win $15 if the trade is green. With a $1000 account, you can buy max 100 shares of a $10 stock, assuming no leverage. So, if you plan on entering a trade with always the same number of shares and you intend to trade $2-20 stocks, you would need at least $2000 to start. Having said that, in my experience, stocks over $10 can be quite volatile and can drop 70-80 cent super fast, so you may want to consider reducing your position on those stocks to maybe 50 shares to accomodate for larger stop loss/target. And all of this without taking into consideration comissions and fees
For reference, I'm making roughly 4% of my position a day. But that is also with a refined strategy in place. If you have a $1000 account, then 4% would be $40
@@ICPolyman
This makes me feel a lot better.. You trading non-margin cash account too? My daily goal is 2.5% and is quite hard won. Started with $1k, now at 1.45 3 months later. Feels positive and strong, but slow.
just start to buy 100 share for price range $2 - $5 . Stock price more than $5 quite volatile and sometime with bigger spread. Consistently make $10-$20 per trade for more than 6weeks - 8weeks, then only gradually increase your share size. Patience + Discipline
@@Woodlouse1704 "You trading non-margin cash account too?" ... not exactly.... I have an account with $25k that I don't touch that allows me to get past the PDT rule ... I have my "play money" which is real money on top of that $25k that I trade with
I’m always ended up losing
.15 is a lot right now in this market i think.
I got burned when FBRX rejected at the open, and then was too cautious when it started to curl around 950. I have to stop trading the open lol, new rule!
Wait for 5 min at open. Never buy into opening bell.
Yeah major sell offs consistently at 9:30
@@DhillonDapindersometimes it can go up, but I swear like 8/10 it’s a fat red candle at the open
@S197_Team I know but you never know so it's safe and wait for candle to form. It's just my opinion
@@S197_Teamnot what I usually see, the stocks I look at tend to shoot up like 7/10 times and then dump down once it reaches previous highs
Following you for a year, made $10K in profits.
Thank you! ❤🎉
Thank you
I was red today. Chased you again even with you mentioning it!🙄😂. So for 2 days I'm going to do it 'sound off'. On a positive note I left my trades super fast so I'm barely negative. Yesterday I had 2 green and 2 red but hung in my red too long. So not hesitating to get out was the small positive for me today.
How do I do this if I don’t yet have $25k to be able to day trade. I’m limited to 3 roundtrip trades a week. Are beginners just splitting their starting money to multiple accounts.
Many traders are using cash accounts to allow 1 trade per day or they are using international brokers that do not enforce the PDT rule
Feels nice to be the 69th comment! Ross, if at all possible, I would love to hear more or see an example of how you take profit and manage halts once the market opens. You mentioned "taking profit into the halt" in this video which I'm not sure if I've ever heard you say or explain. Are you cutting your position as the tape goes solid green just so you're not at the mercy of the market once it opens back up? Maybe a special video on this soon!? Thanks as always big guy. Appreciate the hell out of you and these recaps
Hey yeah really it means I am just locking in some profit just because the stock is already up so much
🎉 let’s go Ross well done buddy
Thank you, Ross! I have a much better understanding of trading Bitcoin now. I've always preferred trading gold due to its safety and long-term upward trend. However, I will definitely give Bitcoin trading a try in the near future, and I hope to be able to make a profit from it!
Ross I know you know more then me and way better but I got nothing out of trading in a simulator but when I traded with real money I got a lot out of it is anyone else like this ???
FORD SQUEEZING UP OFF GAP SUPPORT! LETS GO , BY THE WAY IM WILL AND ABOUT TO JOIN YALLS WARRIOR TRADING , HOPE IM MAKING A GOOD TRADE ON FORD TODAY AND HOPE TO JOIN YALL SOON
I'm not sure who to ask; I need a loan for 17k, to get past pdt. Bank not playing along, and Im doing 4%/day. This feels like it will never reach 25k, since I can't seem to get past using it to pay bills, which depletes capital. Can pay back 100% interest/yr. Lemme know if anyone knows of anyone that can help.
"Fool me three times... I'm gonna buy" 😅😅😅
😭
Fool me THREE TIMES! I’m gonna go ahead and buy it 💀
🙏
13:03 XDDDDDDDD
fool me once, SHAME ON YOU! fool me twice, SHAME ON ME! FOOL ME 3 TIMES - I'm buyin"!
claasssiiiiccccccc!
ict place
Thanks for being on time.
I got a challenge for you. Trade my account out of a $533 hole.
You can do it, make a risk budget. ❤
Thank you for the encouragement!
Yes you can! I offer a full course of education for warrior members, you can check it out on the 2 week trial it includes Live stream trading with me, scanner alerts, member chatroom, news alerts and customizable charting as well as some chapters of the education in the warrior pro education portal www.warriortrading.com/pro-preview-trial/
When's the next Course giveaway. I liked and shared 😉. Thank you have a green day
This is the problem with our economy
What do you mean? Isn’t DayTrading a world-wide practice? Whether you’re in the USA or across the globe in Japan?…
This is our inflation problem
Unless you're making more than the S&P's returns, you're not even keeping up with inflation, never mind being the cause of it. Inflation makes your cash worth less, buying appreciating assets is the only way to not be beaten into poverty BY the market.
First
bike, u gonna stream on twitch again somtime?
@Artimissss ?I never streamed on twitch
Ross - I've enjoyed your service very much. However, recently I noticed you are spending too much time showing your viewers HOW MUCH THOUSANDS you are making every day and YTD. I invite you to be more "modest" and and focus on strategy and trades, but, PLEASE, pullback on sharing your monthly and YTD financials with public viewers, IT NOT NORMAL! And it's leading me not to follow you going forward because you are honestly "ego sharing" how well you are doing sharing you PL results too often in every daily video. It's caused me to to rethink watching your service, I invite you to think about this. Privately sharing with your team is GREAT, but I'm not a paid subscriber, and it feels insulting sharing your PL results. Hope this feedback is helpful. Thanks for reading! And great success for you! 🙏
I don't really agree with the knucklehead above me lol. And I think you've certainly earned bragging rights and I think it's awesome! However, it makes me nervous because when people do this well with money nowadays there's someone bigger and with more connections that might step in and change the rule of the game. Maybe I'm paranoid?
I hope I am.
You're amazing Ross thank you for everything you post!
I personally haven't found a more modest trader than Ross, claiming that you feel insulted by his results is obnoxious.
Ross has every right to share his successes and losses. It’s inspiring and I think it reminds me to keep my eyes on the prize. Don’t be jealous!
Why is it that I make money today and it’s actually a decent profit, compared to all the loses I’ve been taking anyway, and I still feel disappointed, feels like a once off honestly I might not be able to replicate results tomorrow or even get profit at all but tonight I did and it’s overshadowed
Thanks for the advice! Got XAI66Q, feeling bullish! 🚀
Thank you