Dip Trading was HARD Until I Learned These 3 Simple Tricks...
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- Опубликовано: 29 сен 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior
DOWNLOAD the Complete Micro Pullback Strategy PDF here 🍏 warrior.app/mini-lesson-download
Thank you! ❤ It's working.
made 40 buck on the micro pull back today ~
This particular video was an excellent refresher even for long time traders. Thanks Ross. :)
A quick question, what do you think about AI driven day-trading, will it ever beat out humans, and do you have any experience with it?
Hey Ross,
Thanks for an informative video. But I kept wondering that you kept mentioning the right software. Can you please make a separate video for all the essential software that a day trader should be using in order to make regular profit.
These Strats dont work on futures
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Melissa Elise Robinson. She's well established in that area. Look name up
Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me
as watching this video I applied it in my paper trading and went from red 0.03 to green 3.13, thanks ross
Ross answer this to help us; from scale of 0 as dead and 10 as GameStop, how do you evaluate the market during April ? Thank you
GameStop being a 10 is tough cause nothing else really compares, but probably on that scale we are a 4-5. February was an 8-9
I love buying the dips. Buy low, sell high! But I was missing the Vol Profile piece and getting crunched on high supply. Looking forward to incorportating this. Thanks!
Thanks Ross! Another video worth watching over and over.
This man is actually the Goat. I wish all my teachers were like this I woulda stayed in college
thx coach ❤
You're the best Ross! thank you so much
There is no level 2 on trading212 or Robin hood right?
Good companies are in my portfolio, however this year it has been stagnant. I need to grow the about $600k that is sitting in my reserve.
The market will continue to fall, so I suggest you research the firms you plan to purchase carefully.
The best course of action at the moment is to work with an investing adviser. I was able to profit from the market during the downturn, which demonstrated that there is more to it than the ordinary person realises. However, exercise caution and avoid being drawn into the market too fast.
Since the current market is not for the faint of heart, I have been thinking about hiring an advisor. However, do these advisors actually alter a portfolio significantly, or am I better off doing it myself?
This changed when I came across my FA *Leah* *Foster* *Alderman* strategy. Day trading deserves increased attention, given its resilience to the market's unpredictable nature.
Ross is just a true blessing to my life. To offer this help for free on RUclips makes me beyond grateful
Got to profit from it now
Hey, do you trade forex too?
I'm at 80% accuracy for this month. Ty so much for all the information.
What approach(es) do you use?
This video shows the criteria for A+ setups. This video answers the question 😅
46:25 after my first week of trading on my cash account, I’m up 65% for the week. My key takeaways are that I would have been +85-100% on the week, but I got greedy and came back to the market for additional pokes after I had already had successful green mornings; they quickly were in and out, up 10% green and done. Fighting emotions is critical; which turned a couple green day’s into red days. Take the W’s and literally walk-away.
Ross, this is a really great video, one of your best for how to read candle setups. Thanks!
Ross this is outstanding content, I loved your micro pull back tutorial but to follow up with this dip strategy which is similar in a surfy way is phenomenally remarkable.
Truely thankful for your guidance!
One of the best traders in the business, no stones left on turned ..thank you
Another video that puts it all together for me regarding dip buys! so Far I am GREEN this week FINALLY because of this video and the one you did regarding MAC D slowly putting the puzzle piedes together and being patient on set ups and waiting thank you!!
MAC Daddy in da house! :D :D
I'm in love. It works. I listened to you. Now I am in love....oops
Ross, you’re awesome. Thank you for sharing this helpful knowledge.
Ross, you really are a good and well explained teacher. thank you.
Ross, this video is fantastic. I've recently seen a significant improvement in my trading after implementing what you teach here. I scalp micro futures, but recently I had been struggling with poor entries and exits. I was seeing so many moves going against me and holding losing trades too long. I was already using MACD and 9EMA, but adding in Level 2 and paying closer attention to Volume has made a big difference.
I’m, also doing very well scalping MNQ incorporating many of Ross’s ideas into my trading technique.
Made 11% profit this morning on CZOO. All because of your videos. Appreciate you 🙏
Probably the best trading video I have EVER seen! Thank you Ross
everyone learned from this post please help 👍 it up .. this is the very least we can do ..Ross is doing a great job teaching beginners like me ..
Adding my voice to the chorus. So grateful to Ross for these awesome and life changing videos.
Well, I can just about see something everybody seems to miss and it's not easy because you don't quite scroll the chart back far enough to push the high bars and high volume of the open off to the right of chart, if you do so, what appears as pre market volume will come up and then I can read what my strategy is telling me! At 1.47 in this video and back just before 07.30 there are two price bars, one red and one green, that appears to be the catalyst to what happens when the market opens, because it's a straight market reversal, albeit at a low volume time of day! I would have liked to see the volume better, but that is not possible now, otherwise I would comment further! Could you do me a favour, all new videos with charts, could you at some point show the full pre market open bars and volume, then I can describe what I see to help others? I have been trading these dips and rallies most of my trading life! mostly you will fins stop runs at these point, which is last gasp volatility grabs! I am writing this prior to viewing the whole video! Thanks Ross!
The dips are just moving averages on higher time frames ; try 26,52 EMA and 12
I only have one question . I really hope i get an( honest)answer please. What lead to your biggest loss?? Bad luck, greed or yolo?
Always great info to help us trade better. Thank you!
Can u do a video on where u put the stop loss when trading a breakout trade ? Thanks ❤️ love ur videos
he doesn't do that
@@infinitelyllc thanks 😊 for the heads up
@@candi4life360 He stops himself out at the low of the previous candle.
Generally, Ross' mental stop will be the low of the pullback, though the specific area will vary based on the setup and where Ross is getting in.
New sub, great explanations! Do you have a strategy to placing your stop loss orders quick enough (sometimes it takes too long to place it and the loss is already below threshold). Also what platform do you use for the charting?
You make wonderful videos! 👏 I wanted to ask something unrelated: 🤔 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Can someone explain what this is? 😅
I’m in uk I have just bought your book .. yes I have lost money as a typical newbie lol but looking forward to your book grest videos Ross you give me a lot of hope and confidence to learn this thing thank you 👍👍👍
Your teaching style sticks with me... appreciate it.
Thank you Ross. You change my mind set after watching your videos. I am almost good on entry, but not on exit from the trade. Question what time frame do you use for the MACD cross over. I need more information on the time frame. Thank you❤❤❤❤.
To my knowledge he uses the 1 min chart for MACD
He uses 1 minute chart for MACD
I think the question is what settings does he use on the MACD…
@@ikcewel he uses the standard MACD settings, from one of his videos it shows “Fast length 12, Slow Length 26, and Signal Length 9”
@@NuclearTrading - Yep that's what I have too, also Time Frame = Chart, and Source = Close
How do you setup the live data of buyers/sellers of orders on Traderview. I link it with my IBKR account. Do you have a video on that? Thank you.
Thanks Ross. I understand that in general, you don’t recommend beginners do a lot of scaling in and out but rather get in,get green and get out just to sort of get the feel. Also minimizing the amount of trades preferably 1 a day until your accumulated metrics dictate green consistency. However if you could define what “ 1 trade is”. Is that simply get in get out. Or is it more referring to trading a whole move, which of course can consist of several actions?
Great video still watching and hoping you stop erasing with your fingers!! Haha color is toxic. Aside that thank you for explaining your strategy 💚
If you had made money trading, you would have a nice room, house, or at least a nice table to make your videos instead of that mess... you even use a piece of wood to prop up your monitor...
A successful trader doesn’t waste time making video after video to earn a little from views.
This is obviously an empirical and objective observation...
great video and super helpful! Thank you so much!
Ross hi, love learning from you! Where do I get that stock scanner that allows you to select stocks under $20?
I took the tip about tracking volume alongside price action and my very next trade was profitable, holy crap
Absolutely agree the detail he covers is amazing thank you Ross how do I make contact with you?
Thank you Ross
How are you executing your buy and setting your max loss basically simultaneously?
If this guys says "check the news one more time", I will become a news speaker.
Dont put music and talk in the same time, not easy to understand and very fustrating
Music is ok, it was just too loud
Learn to adapt like tradeing complainer
Thanks Ross, great video. I really needed this break down.
Ross your videos are absolutely awesome. I always learn something. Very informative.
Fantastic, thank you very much Sir for this enlightenment
Volume won't help.
Is AEHR kinda forming this trend now？
Ross you are amazing, best channel ever best explanation . Appreciate you
Good job help a lot for trading , thank you so much
What is the name of the market where you trade? it's about the name of the exchange.
Bought the dip on AMST today at around 9:39. Literally was looking like a textbook pull back. I ended up losing 10% of account!!!
If you lost 10% of your account then did you buy too many shares to begin with? You have to be able to take at least a ten cent drop in price at least 100 times. If you only buy 100 shares, that's just a 10 dollar loss. Looking at that drop on AMST around 9.30 I would have got into that trade around $4.6 cents, (@.9.39am) but the very longest you could stay in was until it dropped below the 9ema at $3.93. That's just a 13 cent difference. That's a 13 dollar loss on 100 shares, right. BUT, it looks like there was plenty of time for you to get out at break even. Or, even take the 20 cent win when that stock went from 4.06 to 4.26. That's a $20 dollar win on 100 shares. Also, the pullback down to 4.00 was a clear sign to get out. That red candle at 9.41am retraced the whole move up. The red candle was as big as that first green candle that moved up at 9.39am. So, it seems you bought too many shares and did not get out quick enough. Don't forget, these strategies are designed to give you an "edge." They might fail 5 times out of ten. But, if you cut your losses quickly (10 cent max) your wins should be bigger than your losses. That said, your account must be able to handle the 10 times in a row when you might get it wrong or have bad luck. That means your share size has to be smaller until your account grows big enough to buffer against losses. EG: if your account is $1000, then you should not be buying more than 100 shares until you have more experience. And you must stop out at a max of 10 cent loss. Keep watching Ross, find everything on youtube that he has put out and you will learn. You are in the right place. You can win, but you have got to take the time, go slow, learn, cut losses fast. Actually, being able to cut losses fast is one of your most important lessons, that alone can give you an edge. Ross actually has a video on "holding losers too long." Good luck brother.
Don't get too discouraged. Just have to learn from it. This did look like a classic quick pullback before continuation. I would say though that there was clear resistance at about $4.30. I had an ascending resistance line drawn from 4:38am that hit at 4:49am, 4:55am, and 5:13am. That resistance hit again at..... Yup, you guessed it, 6:39am. This is where folks like myself start to take profit from getting in earlier, and where sellers start to step in to drive it down. Also, make sure you bring stops to break even when you're in high in my opinion. I'd rather get stopped out for a min loss then hold at the highs hoping it will go higher and have it flush on me. Hope maybe this helps, but just my opinions. Good luck!
I need to get better at taking profit earlier. I have had so many green days turn red because I am waiting for a bigger move and when it does go against me I am frozen and cant find the sell button. It is a HORRIBLE habit to have. This video is a good rehab. Thanks Ross.
I just got over this and the only thing I can really say is forget your preconceived idea of take profit and stop loss. If price action tells you something you should listen. More times than not it's right. Got caught by a few jackknifes hoping for big moves to learn this.
Same…lost$220 on nvidia today and was up $100…it’s hard to figure out when it’s going to continue because I’ve taken profit before on nvidia and it kept going lol
@@Allyplectura I traded RIOT for two days in a row then today it took a good reverse down and didn't recover like before. If it's a stock I'm very familiar with and can hold for down the road I will but there is something about getting that profit in a fraction of the time that makes it so much sweeter. Ive only been trading for 3 months but I have learned so much about the market and myself. My strategy has changed as I go but it's still a struggle being at a profit and watching it drop and knowing it's going to reverse but doesn't. Just try to not repeat the same mistakes if possible.
@@TerranceBledsoe-hp4ec thanks for the encouragement bro...i did a lot better today..i took small profit on NVidia FINALLY lol, and getting a little better learning when to let the trade breathe and when to bail...it'll take some time but we will get there!
@@Allyplectura Nvidia had a nice pullback for a good entry point. I use the inverse of NVD and NVDL often with that stock since my account is rather small so it gives me a chance to have some exposure without needing alot of money. If you havent used them, give them a try that way you can make some profit either way it goes. I know I could be better and trade more but my schedule wont allow it but that will be changing in about a month so Im pretty happy about that. May 28th will be great when the T1 cash settelment starts as well. Just keep consistant and we will make it.
What scanner you guys recommend to a beginner?
Very good video ross! I appreciate you!
Dont overstay your welcome thats a good one :p
Thank you very much for sharing Sir
When you are looking at the candle sticks what time frame are you looking at daily, weekly, monthly??
Typically the daily, 5 min and 1 minute charts.
buying the dips at whole numbers 🤯
Sooo this says throw vwap out the window? Lol
I have to say I am shocked. Call it lucky, we will see going forward. Today April 25th, day after this video, I put this to the test. I am up $222 on Tesla buying 25 shares on each 1 minute pullback, had a total of 125 shares. If I had sold some and bought back in at a 2 minute pullback at about 9:16 central time, I could up way more as the stock continued forward on a 600 point red day in market.
How can you buy and sell the same stock in the same day with needing 3 days to settle?? Or am i just assuming your buying and selling same day
You can learn about the PDT rule here: www.warriortrading.com/how-to-get-around-the-pdt-rule/
subscribe earned, you lucky dog
Might be one of the best video on youtube for day trading.
Holy crap you’re a treasure! Hands down, best teacher on RUclips!!! I am still paper trading but I am up $460 and only practicing 50 to 100 buys… seriously man thank you, and when I am able to afford your paid program I swear to buy it! Thank you!🙏
Good stuff as always. Iceburg traders and sell off. I experienced that today, with MU. In the 200 day moving average. Its a red day. Giving back 1/3 of your weeks gain at weeks end. Is emotionally unexplainable to someone who doesnt trade. Good explanation on volume bars and dip buying when its a red day and I am feeling offended. Its easier to beat myself than remind myself of the rules to make a smart trade. You really help bring a person back to reality helping everyone move forward in sharing your experience. I get something I need from every episode.
Found your channel recently. This is great stuff.
I see that you are a big fan of accuracy as a metric. I was wondering what your thoughts were about precision as a metric, which is a similar measurement, but more oriented around indicating the false positive rate. For example, with 80% precision, 20% of the entries were false (or losses,) and the remaining 80% succeeded.
Aren't you risking more than $100 if you get your 3000 shares in with an average of 9.18? On a winner, your risk is $100, but if it's a loser, your risk is way higher.
another video to help my trading. thank you again.
every day I wanna, thank you bro thank you Ross!
Hey Ross thx for the great video!
I was wondering, coud I combine this dip strategy with a Fib Retracement indicator to further gain profit (buying dips). Or is it too greedy, so risky?
Anyways have a nice day and keep it up!
Hello, I was wondering, how do I get into day trading if I have to work a regular 9-5 job?
As you have mentioned in a few videos the best time to trade is between 8:30 and 10:30 am, but with typical job hours, I would not be able to be at my home PC to be watching scanners and charts in order to make the trades.
Any guidance or suggestions are most welcome.
I know Ross does not respond in here, but is he getting his L2 and premarket charts from his broker (Lightspeed I believe)? My broker does not provide this, and apparently it is due to premarket trades not going through the exchange. Anyone got any info about this?
And you dear person watching this video will CONTINUE to struggle until you learn the necessary psychology needed to IMPLEMENT these strategies.
who do you know is good at swing trading ross sir
Nicly explained, very clear and simple. Thank you
Appreciate the thoughts!
How do you know when to stop, when you have a day of losses only? I had that the other day and at some point I just said, f*#! this. And, I questioned if I should even be day trading.
Thanks alot, Ross, very useful to me. 🙏. I fast forward the video.
enjoy!!!
Lovely video as always. Can you pls advise if I should use market order or limit orders? I always use market orders and I struggle until the price reaches that price where i bought at. And if I use limit order, most likely am already late for the party? 😊
Do you have Elder Volume as an indicator? It will differentiate positive volume from negative. That’s the problem with regular volume bars is it doesn’t. As long as the positive is greater than the negative it paints green although it might just be barely larger. Elder will show you only the difference
Thank you for making these videos. I am learning so much about trading from you. I truly appreciate everything that you do. I am a novice at this game, but by watching you, I’m learning how to be a little better every day. Keep up the great work thank you.
Excellent video Ross.
Say you’re trading a $5 stock. What do you set your T/A to show? >100, >200, >300…. Or does not make a difference?
Great teaching Ross, see you tomorrow morning
I appreciate this video Ross, thanks a lot. How do you take profits ( scaling out) on these examples? This strategy has been working very well for me along last years, still I think the exits are tricky and a key point. Thanks
Very good video！ Full experience sharing and totally agree the strategy！ Good for experience trader, new trader needs time to understand it well! thx again!
Do you trade 7 to 11 eastern time?
My P/L Ratio is 2:1 but my accuracy is 33%. Need to cut the B and C quality trades!
Can you please explain when you elaborate what time frame do you use for a day trading? specially when you enter and exist.
Brilliant tutorial ross, really loved this one. I am definitely going to be using the 9 day move average and volume bars, from now on, as I do realise how so important they are. I have started already to use v.wap and Mac.d and to be honest, noticing the difference a little, but as time goes on I am sure I will be noticing it a lot. Not ever dipped traded, but I think, once I get better it’s something I would definitely like to try, Also I would like to try and learn to trade on level 2, as of now I have been only using the chart. I do realise, that despite all of the experience I might begin to create and how careful I could be, there is always so much to remember and figure out. Strategy is everything in trading, so i certainly want to be learning and understanding, all the best ways possible to trade, so my strategy, which I am building on right now is strong and well equipt to tolerate the most toughest trades. I think once I feel I am at that point is when I can knuckle down and begin really doing it seriously.
Thanks once again ross, for another fine lesson and as always I be looking out for more.
Bill.
watched this video +20 times now, so much learned and inspired from this video, thank you
First..thanks alot for always sharing ur deep experience, may i know whats the setting u r using for the macd in 1 min and 5 min charts?
I learned more watching this one video than I have learned the entire time I've been trading. You are very relatable. I definitely have a renewed confidence in myself. Thank you so much.
This is great. I've got a lot of your strategies from your videos. Thank you
I'm wondering if you've ever done anything with Webull.. and if all of this cannot be applied to that desktop software?
Like is Webull software fast enough to get in and get out? Does it show all the metrics that you have inspired us to look for?
And can it be set up as a workhorse?
These videos have been amazing lately
Thank you for posting your hard earned strategies for free. I hope karma is real and gives you many beautiful setups and markets to play
I always thought MACD sounded like a rapper name from the 80’s