Becoming A MORE CONSISTENT Day Trader 🐢 SLOW AND STEADY Day Trading
HTML-код
- Опубликовано: 26 сен 2022
- Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky www.warriortrading.com/why-mi....
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (www.warriortrading.com/discla..., you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: www.warriortrading.com/ross-c...
And check out my broker statements here 📝 www.warriortrading.com/ross-c...
Our website is filled with free info 🔎 Start with this guide, no opt-in required: www.warriortrading.com/day-tr...
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: www.warriortrading.com/free-d...
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote www.warriortrading.com/all-st...
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior 
Развлечения
Thanks Ross, your teaching is so clear and easy to apply, never miss a video!
I would love to see a video to expand the knowledge regarding more trading methods you know, that could be great.
TNX
Thanks Ross. It seems like you were speaking directly to me. Much respect and love.
You're the best!! I knew it, but I had to hear it.. It's so helpful
Glad to help!
I like that! Good advice Ross! Always good to be reminded those rules.
Absolutely!
Ross , again great content. Thanks for sharing this. You are so easy to listen to.
Thanks for listening
Ross I have to thank you for putting this out. I followed the rules today and was up ~$32 in my real account (one trade and done with small size) and up almost $800 in the SIM with about 71% accuracy. I know you’ve told me this 37 times before but this time I actually listened lol. This will be my plan for at least the next two weeks then I’ll re-evaluate my metrics to see where I am. Being a Warrior Pro member has been one of the best decisions I’ve ever made! Thank you for all that you do!
So great to hear that!
Thanks for sharing this video. That’s so rare to have honest videos about day trading on RUclips. Keep the ball the rolling
Thanks for watching!
What a FANTASTIC video! Thank you for taking your time to share these golden nuggets!! Greatly appreciated.
Glad you enjoyed it!
Good advise as always when I can actually sit and listen and completely focus on what I’m hearing.
Thank you!
Excellent video Ross thank you - super applicable and the guidance is solid. Tnx
Glad it was helpful!
This was exactly what I needed to hear. Thank you
Love love and love your videos Ross!
Thank you Anwar!
Thanks! Great video. I started then backed off and going to start again with strategy.
Nice, all about knowing when to press and when to let off!
Hey Ross, been watching your videos for a while now. Have been educating myself. I'm a little hesitant to start using real money but I know some day I will feel comfortable. Thanks already for all of the great advice, keep up the good work!
If you can paper trade you can trade with money. Just try trading 1 share at a time, then 5, then 10and so on.
Great to hear that!
Thanks for everything!
Thanks for the comment!
Ross your a legend, thanks so much for making this video. This is exactly where I am right now. Focusing on concepts for consistency. Love your teaching style thank you
You're welcome Joe!
Thanks!
Ross, Thank you so much!!! As always giving the best idea, advise with details that never giving in all over youtube and other platforms, God bless you!!!!
The other issue it's with Market Rules for Day Trading that tied our hands to do multiple trading without restricted due to low capital, hopefully this rule will be taking out to be fear and allow everyone to do trading.
Thanks for watching!
Thanks for this very important lesson, master!
Glad you liked it!
Thank you for the video! Where can I find the link you mentioned for the video that discusses what is considered a high quality setup?
Best channel🏆
I learned a lot
Thanks
Thanks for watching!
Hey Ross appreciate the information I’m a little hesitant with the move to real money started with the simulator but still don’t feel my confidence level up
Have you had a chance to go through the Warrior Pro course? If you haven't had a chance to attend yet, one of the best ways to learn more would be to join us in the next 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/
Thank you so much Ross!
My pleasure!
This helped me a lot Thanks Ross
Glad to hear it!
Thanks sir, your videos are amazing
You're welcome!! Thank you!
I love you videos!!!
I am learning so much from you.
What’s the best journaling program you recommend
Thank you
Thank you and you're welcome Antonio!
Great video ty
Thanks for watching!
I absolutely needed to watch this today. Very grounding.
Glad to hear it James!
PROFESSOR ROSS!!!... THANK YOU!!! THANK YOU!!!! THANK YOU!!!! LOVE YOU MAN!!!!!
You're very welcome!
You are a great mentor Ross and I really like your logic. I always seem to stumble onto the videos that help me with my decisions. I have put a lot of time and energy in developing myself as a trader and I am trying to fine tune my approach and be very systematic as a trader. This was another excellent video that helps with psychology and strategy.
Thank you very much!
Great video!
Glad you enjoyed it!
Makes a lot of sense, thank you Ross
You're welcome Valerii!
thank you ross!
No worries!
thank you
So far so good for me. Up 1200 simulated 1st day. $1500 dollar simulated 2nd day. 3rd day 600$ up. Today I practiced real money but only 100 shares at a time and made 80$ (so woulda been x10-30 as I practice usually 2-3k shares simulated. I know I’m not supposed to start real $$$ yet, but just small amount to start getting used to emotions of real cash to some degree. Hopefully I don’t get over confident.
Thanks for the thoughts!
Ross, you my friend are a LEGEND. This video is a treasure. You couldn’t have explained or teach this topic any better. God bless you man! 🙏🏽👍🏽👏🏼
Thanks for sharing!
Such great information! My profit loss ratio is not good so that tells me I’m not focusing on step 1 of waiting on A+ setups. I am going to focus on this and hopefully in 3 months I can look back and see today as where I turned it around!
Thank you!
Excellent.
Thanks for watching!
Nice video! can you please list in general some setups you consider A+ ??? thanks
Thanks for the suggestion!
thx Ross you Are the best
Thanks for the comment!
nice video 👍
Hope you enjoyed the video!
such an awesome video
Thanks for watching!
This is such a great video. Thanks for putting this out. I was green everyday in august and september averaging 100-200 per day, and then last thursday I lost my cool and had a 4k loss. All my gains over 2 months gone in one day. Talk about a roller coaster. I have officially checked myself into trader rehab!
Sorry to hear about the big loss! Hope things get better for you!
Coming from a struggling trader for 6 years. I think this is the best video of all time. Thank you for your teaching.
Thanks for watching!
Thanks Ross
You're welcome!
Gracias
Thanks for watching!
Ross thank you for your lesson. Just want to ask how we should set our daily profit target?? maybe like 2% of the account size????
Jonathan that varies based on strategy and risk tolerance.
All True helpful comments made
Glad you think so!
Halfway in, and.... Thanks. :)
I've heard some trash talk, and yet, I still do think you are on the up and up. You're advice made complete sense to me, and what I have been going through as a new (all paper) trader. You clearly have not forgotten what it's like to be a 'beginner trader'.
And, you didn't charge me a thing. Get outta here.... :D How can you not be on the up and up... SMH. Crazy world, eh.
Thanks again, Ross. Appreciated.
Ps. Now, back to the second half. ;)
Thank you!! Appreciate it!
I would lik to be a member again, do you have any specials for black Friday please
You can find our specials here: www.warriortrading.com/sales/bigsale2022/
Please reach out to team@warriortrading.com or warrior.app/contact if you have any other questions
Been following the Warrior Trading channel for about half year. Ross is the best day trader mentor that I 've ever found on RUclips. No more comments. Thanks Ross for all the helpful videos.
Appreciate that!
I feel like every video has a time and place and this one wouldn’t have been as impactful last year as it is now. I am actually in this process right now and this video gave me confirmation I’m on the right track
So glad you are finding this video helpful!
My goal is to be above the market, both when it goes down and when it goes up. Where I gradually grow.
Thanks for sahring!
My job sucks, taking me longer to get my automation going. Anywho. Because I am automating this stuff, I have no choice but to test my strategy. And because it is a PC, I can test many strategies at once. I hope before the end of the year, I am in a test mode. Still having minor issues making a quality GAP scanner to feed my system, but Ill get there. Thanks Ross for your content. It keeps me going at times.
Thanks for the comment!
Can you make a chart showing how much slippage to expect depending on the size of position you have?? Thanks!
👍🤓
Great advice. I always told myself, if I feel I am struggling or forcing a trade that may not work, reconsider and keep in mind it only takes one big A+ winner a week to make my weekly goal. And walk a way a winner.
Always good to have helpful frame works!
Simply true
👍
Yeah I agree, traders like me with a 100% win rate are defiantly not the norm🙏
would be great to do a video on how/when to exit when the stock isn't doing what you want it to
Great suggestion!
@@DaytradeWarrior That would be really helpful. Been watching Ross videos sifting for exit when a trade doesnt work. Thats my main struggle.
Godbless you Sir :)
🙌❤
What laptop do u recommend fir daytrading??
You can learn more about choosing the right computer and setting up
your workstation in these 4 helpful blog posts:
1. www.warriortrading.com/day-trading-computer/
2.www.warriortrading.com/day-trading-laptop/
3. www.warriortrading.com/3-tips-for-buying-your-first-trading-computer/
4. www.warriortrading.com/multi-monitor-day-trading-work-station/
5. Link to popular hdmi to usb connector:
www.amazon.com/USB-Dual-HDMI-Adapter-External/dp/B0725K1MHH/ref=sr_1_1?dchild=1&keywords=2+hdmi+to+usb&qid=1623263940&s=electronics&sr=1-1
Also were now trading with AI programs. Those AI setups are learning about us and how we trade and it can gather masses of trades and wipe us out in one calendar trade
That is possible!
Great thoughts here!
Do you think that is where the money is for them? If ai is battling ai, i guess new patterns will form. I sure don't hope we'll be wiped out. I'm not rich yet.
Nice video! Part of my beginner trader strategy now is to double my share size after every green week and half my share size after every red week.
For example, first week start with 10 shares. If that week ends green, then next week trade with 20 shares. If then, for example, that next week ends red, then go back to 10 shares for the next week. I will continue this until I reach my max position size that I am comfortable with. This helps me focus on quality trades and I trade less because I don't want to end the week red.
Of course I don't recommend this until you have experience in a simulator and are ready to trade with real money, small share size.
Thanks for sharing these thoughts!
Hey Ross I tracked my results for September and was surprised by what I found. My risk reward ratio was 3.5 I win $600 for average risk of $170. My accuracy was only 20.5% for the month. My goal for October is to limit myself to 5 trades a day. I hope that helps cause when I’m up I tend to get overconfident and give back some gains
There are many ways to be profitable, keep at it!
Thats really good risk to reward bro, but 5 trades a day at that R:R is 3 or 4 too many to expect daily imo
hi what simulator should I download. ?? where can I download a simulator? thank you.
Our simulator comes with the Warrior Starter and Warrior Pro courses! To get started with Warrior Trading, I highly recommend coming to our next webinar! It's free to watch and you will receive a copy of Ross' best-selling eBook "How To Day Trade" just for staying until the Q&A! Sign up here: www.warriortrading.com/free-day-trading-class/
how many shares do you recommend to use for a beginner?
If you haven't had a chance to attend yet, one of the best ways to learn more on this would be to join us in the next 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/
How expensive are stocks that you buy with 1000 shares?
I'm certain that you Ross have answered this question many times but the only dumb question is the one that is never asked... What does "averaging down" mean?
~ Averaged Down, example, I’ve 100 shares and sell to the green 50 shares then with the buying power of level two I also buy at the same time another 25 shares to support the second chart bar spike for green up,then again with the green I sell another 50 shares and now I’m full profit from 100 shares and plus I have 25 more share’s to scalp sell at the red out then I’m all out, done for the day. It’s leaving the #1 volatility of market as selling all out to finish.
That is when you add to a losing position and your average cost for the position is lowered
In which case, pnl either up or down much faster
Hi Ross, trading stocks beetwen 1$ and 20$, do you still give the advice to trade with the same amount of shares? Imagine you have an accuracy of 70% and you make all your 30% losing trades on 20$ stocks and your gain on small price shares, your overall P/L will be negative. I understand that starting with a small share size is a good idea but would it be a good idea to adapt it regarding the price of the stock. I would like to know your opinion on this. Thanks in advance.
When sizing positions Ross will also account for the price of the stock, however, in general since he sticks to stocks similarly priced it does not vary too much for him!
@@DaytradeWarrior But you agree that 1$ stock and 20$ stock are not similary priced and positions need some adjustment.
Your message this week about being aggressive on profit taking was loud and clear… I’m profitable almost everyday nowadays… I’m sooo close. I had a $1700 trade on but gave it room to open up and it took me out for a couple hundred… 20 minutes later I was in the trade for $3500 and again let ride for continuation, added averaged my stop up , it took me out for $2000 . Then I did some dumb stuff trying force trade after the session was done trading and gave back all but $300 .
Glad it has helped. Keep working at it!
I just paper traded from 2k (initial balance) to 4.4k in one month. I made 2.4k. I traded 100 shares per trade. My target was 100 pday. I thought I was doing it right and that was conservative. Ross just said that is expert level. I know I am no expert, I just started, but with some bad red starts to the day I was able to pull it back to green almost everyday. My lowest green days were 40 or 60 bucks. I had one 90 dollar red day. I was about to start scaling up my share size but now I am worried I have been doing it all wrong. Could beginners luck last for 30 straight days???????
Are students still using CMEG, and would you do another challenge in this current market?
Many are using CMEG. I also still have an account there. But it’s not the easiest market for a small account challenge!
@@DaytradeWarrior I know! it's tough out there. I wanted to join warrior trading but I would be under the PDT rule, and if you specially think is hard for a small account to grow in this market I think it's best to not take the risk. Thank you for replying
Will you post a picture of your watchlist so we can see what your trading?
Ross shares his watchlist daily in the Warrior Trading Live Chat! Email our team at team@warriortrading.com to learn more!
2 years in my journey heading to three. At the stage of brekw even/little loosing my edge works well but my management is making me fail bc of trading less quality September I took 41 trades. Definitely a bit much but what I realized is out of the 41 17 went past my regular 2R target and 15 trades were avoidable loosers! Aka emotional trades . And 10 were just regular losses im definitely on the right track just have to be mroe patient and confident in letting the trade play out.
It's always a work in progress, keep at it!
@@DaytradeWarrior I will I’ll never quit
hey ross just wondering how i can factor in exchange rate from cad to usd, i normally get in and out 10-20 cents up on each share scalping and getting my strategy down but i lose money on those trades because of exchange rate
You need to use a broker that you can keep your funds in U S and not convert back and forth each trade. Wealth simple was like that. If you are canadian check out Interactive Brokers
@@jasonb9680 awesome thanks!
Hey there. I'm Canadian as well and trade with Questrade. I opened up a TFSA and that will also help with taxes.
@@reflexzayah6381 You can do that with all brokers
👍
hey ross,i've been trading for a while now and lately i faced with a losing streak and i was continuously entering losing trades.i was making decent profits for about two months i would say around 15-35% and then this happened,i ended up losing almost all of my profits.i lost almost 20 trades in a row but becuse of my R/R i didnt completely end up losing my profits or blowing my account,but it took a toll on my confidence and i would love to know your thoughts on why it happened and what could i do better next time when i face such losing streak
Sorry to hear that, it happens. It's important to think back to what you were doing when you were doing well and try to figure out what may have changed, this will help you learn and move forward.
Check out these blog posts that were written about trader emotion:
www.warriortrading.com/3-tips-on-how-to-manage-risk-like-pro/
www.warriortrading.com/key-importance-selective/
www.warriortrading.com/breaking-bad-trading-habits/
www.warriortrading.com/breaking-out-of-comfort-zone/
www.warriortrading.com/4-important-tips-dealing-trading-stress/
TOTALLY AGREE! one trade a day! Everyday $100 dollars. Think about it, one year!
Yep, small gains add up!
I’ve been attempting trading for 2 years , I’ve failed horribly…. 98% of my money invested was lost.. I stopped completely for a while but I’m going to try this system out. Im going to try this one more time but with small $100-$1000 I
Sorry to hear that! If you haven't had a chance to attend yet, one of the best ways to learn how to get started with trading would be to join us in the next 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/
@@DaytradeWarrior thanks I’ll be there
i work full time its esey to make money go to stockwits or any see what stock going up in before market open any stock going up pre market look that stock market open let it go up for few minute then it come down let him come down if you have 1000 doller spend only 35 pecent when it go down it will go up but problem is if you make money dont go back in next day same thing repeat
Thanks for sharing!
Yo Ross
Thanks for watching!
👋
Yew!
Thanks for the comment!
Hey I'm a 15 year old kid and I have been really profitable in a trader simulator I've made 180% in 4 days by skimming do I change my strategy bc my winners are small and my losers are also small but I have a 66-67% accuracy I just need help with this
Thanks for getting in touch!
Warrior Trading cannot provide support or services for people under the age of 18. As such, we won't be able to help you with your query. It is important to note, if you're under the age of 18, you won't be able to legally trade. However, you could still open what's called a custodial account with the help of a parent or guardian. You can ask a parent or guardian to read more on custodial accounts here: www.warriortrading.com/5-things-to-know-about-custodial-account/
I have to check myself into a trade-rehab center, yesterday I lost $8K. I had all the convictions it was a bull market. I got handed a A$$ whopping.
Sorry to hear that :( Check out these blog posts that were written about trader emotion:
www.warriortrading.com/3-tips-on-how-to-manage-risk-like-pro/
www.warriortrading.com/key-importance-selective/
www.warriortrading.com/breaking-bad-trading-habits/
www.warriortrading.com/breaking-out-of-comfort-zone/
www.warriortrading.com/4-important-tips-dealing-trading-stress/
Join crypto , your an excellent teacher , you'll be fine in crypto Sir
You never know!
teacher
👋😊
LOL he sounds like Will Ferrell
😂
~I’m going to say, 15:20 emotions, what I did when I first began was to trade only short able stock’s with high Volatility, 📈📉 because of the sad serious emotion, instead of experiencing the worst thing I’ve ever felt…😢 I created the experience into ( I did this 📈waiting for red to drop, and then this made me HAPPY 😃📉when I made larger profit at the bottom and the center divide is the Swing trade I’m holding on to long time. ✍️ edit; my Swing trades are always yearly holds for the sell at the moment that I do IRS TAXES… I call this !BOXING BACK!* & smiling happily laughing…My first Sells of the New Year for profit to make the money back from the tax loss. ⚡️
👍 nice!