The Best Brokers for Day Trading

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Warrior Trading // Ross Cameron // Day Trade Warrior

Опубликовано:

15 май 2020

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Комментарии : 1,6 тыс.

@disciplechoi2685 6 месяцев назад

I’ve watched a handful of your videos and I appreciate you spreading the wealth of knowledge. Thank you for not shoveling a whole bunch of nonsense our way, but for the most part seemingly straightforward and honest.

@DanFerrantelli 4 года назад

Nice video! I've seen many people in the trader education space dodge this topic and/or make fun of or belittle aspiring traders for asking it. No doubt some of that is because it depends so much on the type of trading you plan to do and the trading strategies you use. You addressed this topic very well and gave enough information to provide context to your audience about how to select a broker depending on the individual need of each trader and their strategy. Thanks for taking the time to say it right! You lined up the horse, cart, and wagon in the right order!

@DaytradeWarrior 4 года назад

thank you!

@DaytradeWarrior 4 года назад

pray for the horse 🙂

@harvmara613 4 года назад

Thanks, Ross! Although I'm not close to trading with real money yet (hoping to be profitable in the sim soon, trading 500-1000 share sizes, up to $10 stocks), I've decided to sign up with CMEG now. It took only 7 days from application to approval. My Warrior Trading journey has been amazing so far!

@DaytradeWarrior 4 года назад

thank you!! Welcome!

@TrooMobileApps 5 месяцев назад

Hey out of curiosity how are you doing now?

@gpremol Месяц назад

so how are you doing ?

@MusicThatSuitesMe 4 года назад

You're way cooler than them loud af guys that talk forever and say nothing. Thanks for the post m8!!

@DaytradeWarrior 4 года назад

I appreciate that, thanks!

@thecoltsamuel8010 3 года назад

Mckinley Acy what kind of friends are you

@stevemegoulloa5093 3 года назад

buying 7vt

@Jayjayjaylin11 3 года назад

@@DaytradeWarrior pp

@wendellwilliams6162 3 года назад

@@WholeHerbs hzy

@regulardude2011 3 года назад

Thank you Ross. This is what I needed to hear. I’ve made all my trades on a phone app. Ready for the next step

@DaytradeWarrior 3 года назад

Great to hear, keep in touch as you continue. Thanks for watching!

@curlymanjordan 4 года назад

Thanks Ross , I’ve been on sterling simulator . I was hesitant on CMEG after adding all my commissions in excel. I was profitable but only 100 or 200 dollars a week . Which isn’t bad , but then I slowed down, stopped taking every trade , started taking larger positions on better setups and my profits and p/l ratio went through the roof . Even with commissions! So CMEG it is , till 25k then transfer to light speed. Thanks for the video.

@shwagksj147 4 года назад

if you don’t mind share what set up is that. Kinda new on to this

@curlymanjordan 4 года назад

Shwagks J The setups I’m talking about here are just strong patterns(bull flags, triangle patterns, momentum pullbacks etc.) on strong daily charts . Or did you mean something else by setup?

@shwagksj147 4 года назад

VirtuosoJo_ AZDZ all this included

@curlymanjordan 4 года назад

Shwagks J I use sterling pro, a demo I got from CMEG for free, so I can get used to the platform I will use. Then I have a free account with Td ameritrade. I downloaded “think or swim” from them so I can use the “on demand” feature for my practice account . On demand is great because you can go back in time and play and practice , on any day you want. It replays days and allows you to trade in them like they were going on now . Also you can practice whenever you want instead of only when markets opened . Lastly there is a RU-vid channel called “precision day trading” this guys streams scanners from trade ideas everyday . And has a year of them back stocked on his page. So I go in the past on “on demand” and find the video of the scanner for that day from precision day trading then sync up the times with in demand. That way I can simulate and practice with scanners for free. It’s very hard to practice without retro active , real time scanners, but this way it’s pretty realistic to the real experience . Hope this helps get you practicing at least!

@trmcgovern 4 года назад

VirtuosoJo_ AZDZ Glad to hear you are doing well! what are you paying ecn fees with cmeg?

@lifewcj1264 4 года назад

Although I've been trading actively (1-2 Times a day) I have been using TOS with a cash account and I switch to magin when I can. The reason why I didnt go to CMEG is this process has allowed me to become more meticulous with my trades rather than over trading. Started with $500 In March, and will hit $10k By the end of may :)

@itsjcob4570 4 года назад

What is your strategy my man, I’ve basically been doing the same thing with IB and being successful but I am thinking about going to CMEG so I can use the DAS software and being more efficient

@DaytradeWarrior 4 года назад

wow awesome!

@brianwiles7955 Год назад

TOS ? what is this?

@KeithLangskov Год назад

@@brianwiles7955 Think or Swim.

@tradingtactics7541 Год назад

That’s great. I’m thinking I’m going to keep my CMEG this time and open a new US account and fund both so I can use both of them

@koog4228 4 года назад

Thanks for the advice as usual Ross. Sorry you had a bad time in this here state of Wyoming. Probably more deer than people here and I wouldn’t change that 😊 . Keep rockin 👊👊👊

@DaytradeWarrior 4 года назад

Thank you!!

@whitson6777 4 года назад

Love the content, Ross. Had a solid green month having found your channel recently and used the free info / webinars available. Hoping to trade up to the amount to get Warrior Pro for the year.

@DaytradeWarrior 4 года назад

Good stuff, glad to hear it Chris!

@cassandraharrington7189 3 года назад

Hi Ross! I found you about a week ago and you've been incredibly informative. I'm gathering and sharpening the tools to be a day trader but not quite there yet. How can we find this simulator took you're talking about? Looking forward to following you for years to come!

@mikesgonzalez2717 2 года назад

how is your experience so far

@simply-tom 3 года назад

This guy has the best day trading insights and videos I have ever seen so far. And I’ve seen a lot of videos from other people. Ross goes right into it and actually tells you stuff unlike other people where they just provide tips and generalize everything.

@CatzzMoney Год назад

Agreed.

@TrooMobileApps 5 месяцев назад

I love it… its calming

@yvettewhite7496 3 месяца назад

Agree 100 percent

@alfonsorodriguez1763 3 года назад

I learned more in these 23 minutes than I did in 2 years of grad school - thanks! where do I sign up? and how will i know if you replied?

@DaytradeWarrior 3 года назад

If you haven't had a chance to attend yet, the best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my 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/

@nickdidntdoit999 2 года назад

@@DaytradeWarrior Im reading this now. Is there another webinar coming up? How do I receive newsletters from you for upcoming events etc

@PYROKRAZEDfromPYROARTWORKS 3 года назад

Thanks Ross for giving me the passion back again in stocks! You have a great delivery in the way you speak and teach, very informative! I worked on Wall Street for a few years and got burnt! I'm going to crawl back in😳 keep up the great work🤙

@DaytradeWarrior 3 года назад

Thanks for sharing!

@coolinnovation6019 3 года назад

Hi Ross, I have a question, what's the best way to start a trading account? Would it be with a retirement account and how can I do that? Or with a regular account when my funds are under 5k?

@drleo6409 Месяц назад

I would use a cash account losses are tax deductible. Save retire account for when you become constantly profitable. Any money lost in a retirement account is not tax deductible. Double check that though.

@ds4166 4 года назад

Hi Ross, Firstly i'd like to thank you so much for putting out so much great material you are definitely instrumental in helping me to make a career transition. I used to to do spread betting until i realised i was getting crappy pricing and ridiculous spreads. I'm based in the UK and I just started using IBK and to be honest I've found it clunky and slow and I cant get my head around it so i'm gong to try lightspeed and watch all your tutorials again. Is that your current goto broker and do you receive data from them for execution?

@DaytradeWarrior 4 года назад

Yes it is.

@ds4166 4 года назад

Warrior Trading ..What a coincidence I have already contacted E-signal earlier this afternoon. I presume it will work with light speed?

@majdolayan5860 4 года назад

Thanks Mr. Ross, do you make lesson for simullater and how can i try it with interactive brocker ?

@DaytradeWarrior 4 года назад

i personally didn't like IB, you can use many simulators, we have video lessons on ours.

@jerrysenpai6391 4 года назад

Great content Warrior! I just started trading and you've answered not only questions that I had but also new things that I would've eventually ran into like PDT rule. And great music!!!!

@DaytradeWarrior 4 года назад

Thanks a lot Jerry!

@nick1aug2000 2 года назад

Great video! I'm new to this. I'm not actually day trading yet. I'm still learning and gathering info. I'll probably do some courses and simulators next. But I didn't hear Trade station mentioned. I was wondering how does it rank among the others mentioned in the video?

@DaytradeWarrior 2 года назад

While Ross has not used Tradestation himself, we do have mentors and students in our community who have used them and find them to be a great broker

@michaellorraine7708 3 года назад

Hey Ross! Love your wisdom and experience you share! I want to be able to trade starting at 4am, who else besides IBKR allows that?

@DaytradeWarrior 3 года назад

Our favorite broker Lightspeed does! The best way for you to learn more about Lightspeed would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my 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/

@michaellorraine7708 3 года назад

Warrior Trading awesome,thanks but I won’t be able to tomorrow. When is next one? I’ll be there!

@josee.cisnerosjr.7706 4 года назад

Thank you Ross, Alot of options when it comes to brokers. Way to break them down. Sounds like cmeg and trade zero would be best for small accounts as long as your profitable. Thank you for the video.

@DaytradeWarrior 4 года назад

My pleasure Jose!

@ace50cal1 3 года назад

I am a 30 year old high voltage electrician..got a great career but im tired of looking death in the face daily. I have two very young children and a stay home wife. I am looking to build a small portfolio to learn this game inside and out! Thank you so much for the info!. Awesome job

@DaytradeWarrior 3 года назад

You're welcome!!

@Raw_Roots 2 года назад

Good Luck. My 6 figure career went overseas, I researched oil and gas rights. When it went overseas, I went to doing title in real estate, the pay sucks and I'm so used to working solo, a 1099 contract worker. So, I'm also looking to build a new business. Trading, affiliate marketing, I just going to go for it.

@msmokesofficial7574 3 года назад

threw you a sub just for the vibe you gave me! love the video, actually meaningful and included valued information! appreciate you. **And the advice was free lol.**

@DaytradeWarrior 3 года назад

Thanks!

@msmokesofficial7574 3 года назад

@@DaytradeWarrior of course! Appreciate you boss!

@lilselig 4 года назад

Ross the reason we are all asking you is because we trust you the best good sir! Keep up on the great stuff for us and please consider staying online more after the bell in the mornings for us!!!

@DaytradeWarrior 4 года назад

I appreciate that Jon, thank you!

@CigRacing 3 года назад

Great insight, thx. And thanks for keeping it real and not editing out the horse/cart... 🤙🏻

@DaytradeWarrior 3 года назад

Thanks for watching!

@gamergrandpajim6373 3 года назад

In your video about equipment starting out, you recommended a gaming laptop with 16-32 Ram, 256 GB solid state hard drive and two ASUS Usb portable monitors. Is it alright if the laptop is not a gaming type laptop as long as it has all the other requirements? Thank you

@DaytradeWarrior 3 года назад

Yeah definitely!

@gz4l72 2 года назад

@@DaytradeWarrior curious ! so for the two extra monitors is that where you watch the list of movers & the other monitor for TA charts ??

@wizardstein3153 4 года назад

no problems with TD here! I like to think I'm trading "BreakOut or Bailout" so as soon as I'm in I want it rip or I'm already flattening the position.So my wins are really small cause I already have the limit sell placed $.10 , $.15 , $.35 out but the winning percentage is higher. it actually counteracts the data lag as well. Sometimes my sells are already filled before I even get see the candlestick reach that price action oh but definitely can't trade in first 10minutes sometimes it's okay, but I step away

@RichardFioreJr 4 года назад

Agreed you CAN NOT Trade Ross's strategy in the first 30 min of the day with TD. Your fills are actually not that bad, but the info lag will take you as many as 2-3 min to get a confirmation that will allow you to sell, and then wait another couple minutes for the sell confirmation. Put it this way, I would not trade anything faster then 5 min candles in the first 30 min of the day with TD. I had to open a LightSpeed account for day trading and kept the TD for Swings, Investments and Charting. Yes, the LightSpeed charts suck so you will either need to use TD TOS for charting or if you can afford it E-Signal Charts.

@DaytradeWarrior 4 года назад

Yea not good at the open

@restassuredworship 4 года назад

Are you trading at the open, if so did you have problems this morning (Friday)? I have had, and have read multiple complaints about the serious lag 15-20 minutes in order execution confirmation... Only have this problem at the open, but that is a serious issue for day traders who want to use the momentum strategy.

@kjc9trader491 4 года назад

@@RichardFioreJr: If TDA's TOS lags so bad, why are you recommending using it for charting?.. If I am trading fast with a different broker - wouldn't their charts also be slightly behind? I have been paper trading on TOS for some time - and compared to ESignal or Sterling Pro - it seems the candle moves in spurts - about every 10 - 2- seconds - and not instantly - as do the others... I find that frustrating as well.. I am now quitting TOS and TDA for CMEG and Sterling Pro... Thoughts??

@dkeiepps5606 3 года назад

Always good info sir. Tbh I learned so much about trading from you I gained the confidence to get started. Anytime I didn’t understand a term you used it forced me to look it up and understand it. Now I’m addicted lol and I’m the go to for investing in my family all of a sudden. Keep it up man!

@DaytradeWarrior 3 года назад

We've deleted that imposter account's comments. Thanks for watching and the kind words!

@nomad7653 3 года назад

love ya man thank you for doing what you do!!!

@DaytradeWarrior 3 года назад

Thanks for watching!

@ScootsTrades 4 года назад

I appreciate videos like this that think through the issue. I've been trading in TOS for a while with a cash account while slowly increasing share size. I'm in the process of setting up my CMEG account and plan to start using that in June. This video confirms I'm making the right decision at the right time. Thanks Ross

@investing2089 4 года назад

Matt. What platform are you going with at Cmeg? Sterling or dos?

@ScootsTrades 4 года назад

@@investing2089 I'm going with DAS. I've used their simulator in the past so I think I'll be comfortable jumping back into it.

@DaytradeWarrior 4 года назад

right on!!

@SJR24 Год назад

How has your experience been with Cmeg up till now? Thinking about opening an account

@ScootsTrades Год назад

@@SJR24 I'm no longer with CMEG. I've been with Cobra now for a couple years. I can't really speak to CMEG at this point because I don't know if they've changed anything, but I remember their locate process being expensive when I was there so I really could only be long biased.

@tonytino7341 4 года назад

Does lightspeed have faster execution than Td , assume I would trade scalp for 10 cents

@DaytradeWarrior 4 года назад

Oh yeah big time, that's why I use them. www.warriortrading.com/lightspeed-trading-review/

@northjerseykevin3915 4 года назад

How do you think Fidelity rates for day trades. ( breakout trades). It’s the only one I’ve used but seem fast.

@anjohsamuel9061 4 года назад

Thanks ,nice article, I have still not clearly understand the rule for day trading restrictions!!

@DaytradeWarrior 4 года назад

You're welcome Anjoh!

@AK-gl4ih 4 года назад

thanks, very helpful! cart before horse hahhahahahhaaa too funny! :-)

@DaytradeWarrior 4 года назад

Thank you!

@danielrichter465 4 года назад

Age isn't a barrier in making millions, when you utilize all necessary opportunities you'll see yourself making huge profits after a successful business, I like where good investment are talked about.

@benjaminotto5711 4 года назад

Yeah, nice comment I agree with you, investment talks are really interesting

@gustav2515 4 года назад

Artem Steve is the best, I met him in a conference in London last year

@gustav2515 4 года назад

His strategies are just superb

@danielrichter465 4 года назад

Are you serious, I work with Steve too

@rodrigo2014 4 года назад

I don't think magic works in trade

@jacobsergent4657 3 года назад

With Etrade Pro in the last month I've lost about $2000 (a lot for me) just from quote/order execution lag and being unable to sell shares i didnt want for up to 3 hours. I'm switching to Lightspeed and I'll never use Etrade again. What a nightmare. Thanks Ross, I should have listened to you sooner lol!

@ananovo8662 3 года назад

E*trade doesn't have a direct stop loss. What an L. Have to set up a convoluted order just for a stop loss. SMH.

@PaulSmith-rp2mw 2 года назад

Bro how is your experience on lightspeed after etrade?

@jalacran7545 3 года назад

Great Info today!...Very Interesting comment You made about what broker & the software they have available for potential traders as they decide to start out learning as opposed to changing to a different broker & software...I know I felt what you said because there is nothing like going into battle (CHESS) for instance & having to play on an opponent's chess set which is totally foreign to your brain...(definitely a disadvantage)...but then also have to figure how to use a different software...I can appreciate your comments on that...thank you for all the information! 🌟🌟🌟🌟🌟

@drithius4801 3 года назад

Had this playing in the background and all of a sudden we're going down a laundry list of cars, LOL!

@DaytradeWarrior 3 года назад

Haha thanks for watching!

@johngrizzaffi5647 4 года назад

So, Ross, this is the problem I have been struggling with. I want to eventually get into trading full time, but right now I can only trade a couple times a week because I work 4-5 days (usually 5). I am currently using Fidelity Active Trader, but there are no hotkeys, vWAP on the chart, or a trading simulator. I have a $2000 account right now. From a previous question I asked you, you mentioned CME Group and TradeZero. I was under the impression that TradeZero doesn't allow US citizens to open accounts with them? I have looked into CME Group, but don't think the extra software expenses would be worth it until I can trade regularly. I am just getting into this and have been watching tons of your videos (premarket trading, recaps, and learning videos) and read your book. I really want to sign up for Warrior Pro, but I am concerned about how much time I would have to give to it and practice in the simulator. Until I can find a supplemental stream of income to allow me to take more time off, that will be hard. How do you feel about Tradestation if only able to trade a couple of times a week for now? Is there a better advantage for Tradestation vs Fidelity vs TDAmeritrade vs ETrade? Sorry for the long post. I haven't felt this passionate about anything in a long time and really want to get more and more into it. Thanks again.

@DaytradeWarrior 4 года назад

Hey John, You can look up reviews on all of those brokerages on my Warrior Trading website. warriortrading.com. I personally recommend CMEG because I think they are the most reliable offshore brokerage that you can go with.

@stevenscott9208 4 года назад

Great Video Ross! I've bounced around from Fusion to ETRADE and Interactive Brokers. I settled almost 2 years ago on TD. Very unique platform. I love how you can trade the charts, manipulate them in any manner ( position on chart, color code etc.). You have a visual stop loss or target price on the charts. No, it's not a scalping plat form, for me, but it works well on pullbacks and retracements. You also can write scripts for indicators, such as weighted VWAP. It does take practice, which is available through on demand historical data or live paper trade. Due note live is different than simulator, fills. Level II is lacking, the tape, but if you don't use it as much all is well. At the end of the day I feel around 100 hrs. of practice on whichever platform is a must! You don't want to fumble around with live money, entry and exits, for sure! Thanks again Ross.

@DaytradeWarrior 4 года назад

i hear you, it's hard to find the right platform. When you find what works for you, stick with it!

@jackbuildsit 2 года назад

@warrior trading What offshore account do you use on your small account challenges?

@jackbuildsit 2 года назад

Never mind I just heard it

@DaytradeWarrior 2 года назад

Glad you found that info!

@jackbuildsit 2 года назад

@@DaytradeWarrior thanks for all your doing on this channel I’ve learned a ton on here about day trading, I’ve been practicing with simulators and done about a month of trading on several accounts (damn pdt rule 😂) and I feel ready to get started with a offshore account! The biggest thing I’ve learned from you is controlling your emotions and setting limits for losses in a given day. Thanks again!

@leviathanx1319 3 года назад

100% agree on your TOS take I use centerpoint securities just for shorts but love my TOS.

@DaytradeWarrior 3 года назад

👍🤓

@amirfarahani8536 4 года назад

Thanks for going around our questions and address them in an honest way. I appreciate it.

@DaytradeWarrior 4 года назад

My pleasure Amir!

@timtomlinson3182 4 года назад

It's there a good simulator to use without opening an account with a broker?

@DaytradeWarrior 4 года назад

Hey Tim, There sure is! www.warriortrading.com/paper-trading/

@jfitz7828 4 года назад

Was just thinking about this last night. Currently trading with a small cash account that can be frustrating with being one and done. End up finding myself staying in a trade longer then I should. Good info Ross, thx!

@DaytradeWarrior 4 года назад

you're welcome!

@alexjohnston2734 5 месяцев назад

You mentioned a laptop do you need a PC or Mac or would a Chromebook work? I am curious as to what kind of specifications you would recommend if it is a PC. Thanks in advance

@suptup84 4 года назад

Trying to get ready for the webinar

@DaytradeWarrior 4 года назад

👍

@grayanderson9800 3 года назад

This was an awesome video! Thanks for the info!

@DaytradeWarrior 3 года назад

Thanks for watching!

@tonymitchell5223 3 года назад

444

@tonymitchell5223 3 года назад

@@DaytradeWarrior 4

@tonymitchell5223 3 года назад

4th 4

@tonymitchell5223 3 года назад

@@DaytradeWarrior 4

@bur9520 4 года назад

Thanks for making it clear ross. How long will it takes to open & get approval from cmeg if you are non US resident?

@DaytradeWarrior 4 года назад

Bob, that can very. Though recently because of market volatility it may take longer as ticket volumes at brokers have been higher than normal.

@chrisherbert60 Год назад

thank you soooo much for the info your awesome and direct to the point. thanks again.

@DaytradeWarrior Год назад

Glad it was helpful!

@hugojor-el1893 4 года назад

Good video. If your first starting out, i would suggest a low commission broker, like TD. Unfortunately, TD is for amateurs due to the execution speed and lag. When your first starting out, it doesn’t matter bc you’re just learning to trade and build a strategy. You’ll know when it’s time to step up your tools.

@DaytradeWarrior 4 года назад

Thanks Hugo!

@rekartrustee4811 3 года назад

Protecting the capital is the most important part of being a successful trader. Hands down.

@DaytradeWarrior 3 года назад

👍

@Anime-And-Quotes Год назад

hey ross thanks for course yesterday was awesome . just a question i have now set up my account with capital markets and using the Sterling pro PLATFORM. do you have a video of how to set this platform up. in terms of windows and all settings on page. Kind regards, Matty UK 1 Reply

@DaytradeWarrior Год назад

We do have a great video on this in our Warrior Pro course, as well as a copy of Ross' Sterling layout! 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/

@TayWill2421 4 года назад

Great video! Also, love the Jacket. Brand name?

@DaytradeWarrior 4 года назад

haha I ordered it on Etsy.com!

@larrysellers181 4 года назад

Downside to cash account is you cannot short stocks which is essential esp in a down market.

@DaytradeWarrior 4 года назад

True, though there is still opportunity to the upside in a bear market.

@abhishekbommakanti5574 4 года назад

Hello Ross - do you have special pricing with Lightspeed? The $2 per trade and $55 platform fees that you mentioned in the video seem to be far less than what Lightspeed says on their website ($4.50 per trade and $130 platform fees). Is there a way we can access this special pricing?

@WreckerR 4 года назад

Ross has a special deal running with Lightspeed. His students use it to learn trading, which means they have more customers, so they give Warrior Trading a discount.

@abhishekbommakanti5574 4 года назад

@@WreckerR Thanks. If that is the case, then I think the video should have mentioned that.

@DaytradeWarrior 4 года назад

Yes! If you are a Warrior Pro student!

@theotht 3 года назад

I used TD212, the interface just wasn't built necessarily for day trading even though i managed to become profitable out of it. The layout and everything ju8st wasn't meant for it so i switched. Use what works well for your strategy

@DaytradeWarrior 3 года назад

👍🤓

@Thezenken420 5 месяцев назад

You are hilarious and very easy to learn from. I'm still broke, looking for work so I can fund my account. Starting from $0 with barely any clothes or possessions. Thanks for your help.

@freshtastevending5997 4 года назад

Hey ross. I have two brokers. Because of the pdt rule I trade with Ameritrade think or swim on Monday and Wednesday. I trade with E-trade Power on Tuesday and Thursday. I made 1 trade a day. I don't trade on Friday. Tell me what you think.

@dronestepmusic9574 4 года назад

If you are not using a 100% of your capital every trade why don’t you use a cash account so you don’t have to worry about the PDT rules? Yes, it takes two days for funds to settle but it is an easy work around if you aren’t using the margin.

@quantumsolace5864 4 года назад

Friday is the best day to trade out of all days

@DaytradeWarrior 4 года назад

That works!

@Iburn247 4 года назад

The free commission brokers like webull and robinhood are great for beginners or dabblers. If you decided to stick with it and actually make a career out of trading. You need the next step up. Just like any profession.... You need the right tools and vehicle to do your job as good as you can. But when youre just learning, stick with the free brokers and work out some kinks. Youll know when/if you're ready to commit to a better broker that costs you money to use

@AusieGamer834 4 года назад

Can I use DAS trader with light speed?

@thatonejokr8419 4 года назад

I am currently using Webull and have tried Robinhood. I blew my small Robinhood account trying to day trade with their terrible charts. On webull I have been successful and should be profitable. The software though at opening bell has caused me to lose big on trades that I should’ve profited on (the issue is that trading the open, I guess lags the system, so the time it takes my orders to actually show up in my account the stock has already went up and went way down by the time I was able to sell). That’s why I’m opening a CMEG account so I can trade properly. All I’m saying is that you’re absolutely correct 😅

@DaytradeWarrior 4 года назад

True!

@Mindset4Excellence 4 года назад

@@thatonejokr8419 I agree. I currently use Webull and like their user interface, charting features, mobile app (for checking market data), and other tools, but their system has been known to lag at times. Also (and I don't know if this is common across the board on all trading platforms), the P&L data is very slow in updating so you never really know the "true" value of your open positions until after a couple seconds of price change. In many cases, I have to do the math in my head or just focus on my exit plan (Stop loss -Take profit) based on the current price and 2:1 risk/reward ratio. I also had a situation where I sold about 1000 shares and not all 1000 filled (which is common), but their system notified me that it was filled, AND that it was filled at a stated price. It turned out I still had unfilled shares so I had to rush and sell the remaining while the price was falling, and the portion of shares that did fill didn't fill at the price notified. I reached out to their customer support- which is a JOKE BTW, provided all the documentation and NEVER heard back from them. Lastly, I occasionally run into issues where the execution prices shown in the account doesn't match the trade confirmations...and I'm not talking about rounding. So I agree, when you're serious about taking trading to the next level and feel you've got a firm grip on the basics, then an upgrade (and the added cost) might be worth it. Other than the issues noted above, I still think Webull is a good choice for someone just getting started or still getting a feel for trading as it's pretty user-friendly and isn't as complex/intimating as ThinkorSwim. It's also more robust/advanced than some other platforms such as those offered by Fidelity, Merrill, etc which aren't really geared towards active traders IMO. E*TRADE's web platform is OK, but I find it too boring to use. :)

@thatonejokr8419 4 года назад

Live&Learn I just switched over to CMEG so hopefully I’ll be able to do something with them. I was positive with webull on my day trades but 3 a week is rough, especially if you have a bad one one day and there’s no way of breaking even

@F1avii 3 года назад

Ross, new to your channel. Loving the content you put out, very informative. I am a price action trader located in the U.S, so tick data is very important. Which broker would you say provides quality data? I am having trouble finding info on this.

@DaytradeWarrior 3 года назад

Awesome Flavio, you can check out brokers here: support.warriortrading.com/support/solutions/articles/19000045045-broker-recommendations-us-international

@dantediego 3 года назад

damn bro! your challenge results were sick!! I'm ready to put in the time to get my skills up like you. I'm hoping to leave my job in a year because its a dead-end 1099 job and become a fulltime trader

@DaytradeWarrior 3 года назад

Thanks Dante! If you haven't had a chance to attend yet, the best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my 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/

@palombi5150 3 года назад

Love the background music Ross

@DaytradeWarrior 3 года назад

Thank you!

@cyberspooky 4 года назад

I’m looking at IC markets or plus 500 as I’m in Australia, have been doing well with my paper trading but have noticed a few problems with mt 4 and the plus 500 app , so will be trading on my computer only , have saved enough to start my account with a healthy balance, just not sure what kind of trader I am as I don’t mind waiting for things to happen but also like how quickly things can change , wish me luck as I’m going to start this week 😎👍

@_m3m_ 4 года назад

Fot CFD trading CMC Markets is also good

@DaytradeWarrior 4 года назад

hey, i don't trade CFD's, i'd avoid them.

@christianmaitner1403 4 года назад

Great video Ross! If you recall, back when I signed up with Lightspeed they were not allowing margin settlement on Roth IRA's, so I switched to Thinkorswim. Now that they are allowing Roth IRA's again I am strongly considering going back to Lightspeed, however I was paying $140 month just for LS platform so I am not sure.

@DaytradeWarrior 4 года назад

hey Chris! That seems steep, I pay $55/mo for data with Ligthspeed

@christianmaitner1403 4 года назад

Nice, I will call Rob Livson and see

@user-og9ms8dl1g 4 месяца назад

Another INCREDIBLE video. Thanks Ross!!!

@jdubhman 3 года назад

I'm on etrade w cash account, but could just as easily start fresh on another platform. Signed up and hoping to join your webinar tomorrow.

@DaytradeWarrior 3 года назад

Enjoy the webinar!

@Iburn247 4 года назад

CMEG def seems like the winner. Ive tried TONS of them and the PDT became the biggest thing holding me back. Ive been in trades with a 1.15 entry. Got out at 2 for a nice profit. But then watched it go all the way to 4.86. I Coul dnt get back in due to PDT and it mentally sikes you out. That was a long time ago but i remember it like it was yesterday

@DaytradeWarrior 4 года назад

Good to hear its working for you!

@Apluslocksmith1 4 года назад

Thanks a lot Ross for the info. I’m day trader at TD doing good but some time can’t short most of the stock. Also I’m wondering what is the safest broker to use if something happened to the market please tell me what you think?

@DaytradeWarrior 4 года назад

You have to manage your own risk and can't rely on a broker. We use Lightspeed and they are great!

@laura4495 2 года назад

This is a really informative video. You answered the questions I had AND the questions that I didn't even I know I needed to ask. Great video! New subbie!

@DaytradeWarrior 2 года назад

Glad it was helpful!

@NewEraFinance 4 года назад

I use E*trade. I will do some day trades with small cap but usually swing trade large cap. Zero commissions are great since you can have a profit instantly with smaller share size.

@everpectorevarestus626 4 года назад

If you use Etrade, do not think about day trading. You can't be profitable with etrade

@phantomsedge5686 4 года назад

Everpector Evarestus nah you can

@DaytradeWarrior 4 года назад

cool!

@jasonm8755 4 года назад

I've been with IBKR for the past 2 weeks! Love it. I defs use your strategy in the morning. Only 1-200 in share size so far but my commisions are only 1.00 and my execution is always super solid. I'd recommend them for people in Cananda! Not sure about execution above 1000 shares tho :p

@nathanhumphreys7206 4 года назад

IBKR is just as good for 1000 shares. I haven't done anything like 5000 so can't comment. But 1000 works the same as 100.

@jasonm8755 4 года назад

@@nathanhumphreys7206 Thanks for the heads up man! I was hoping I wouldn't have to switch brokers when I started going up in size.

@nathanhumphreys7206 4 года назад

@@jasonm8755 no problem! A lot of people don't use IBKR as they enforce the PDT rule and their platform TWS takes sometime getting used to but they are fast with execution even with big share size and charge possibly the lowest commissions of all brokers

@jasonm8755 4 года назад

@@nathanhumphreys7206 Another question bro! What's you commisions on 1000 shares?? And are you on the fixed plan or tiered? Cause I find myself paying the same commisions on 100 shares that I do on 200... :O which is sweet obviously lol.

@nathanhumphreys7206 4 года назад

@@jasonm8755 yeah it's it's the same for 100 and 200 shares but 500 is $2.5 and 1000 is about $7 from what I can remember. I have lowered my size to 500.

@kmadan55 4 года назад

Hello Ross: Really love your videos and your teaching style. Could you discuss please: What are the pros and cons of Lightspeed vs. Trade Station?

@DaytradeWarrior 4 года назад

www.warriortrading.com/lightspeed-trading-review/ www.warriortrading.com/tradestation-broker-review/

@kmadan55 4 года назад

@@DaytradeWarrior Thanks Ross. That was very useful.

@kmadan55 4 года назад

Thanks

@nattiefreeze2079 4 года назад

I do ETrade. Don't see myself changing until I have learnt what needs to be learnt. Thought about using CMEG but not sure it is worth it

@DaytradeWarrior 4 года назад

good call!

@rickensounds4997 4 года назад

Great video Can't wait for the "Warrior Trading Platform" You definitely understand the problems small part time trader are having

@DaytradeWarrior 4 года назад

Haha we'll see! Glad you enjoyed the video!

@7elche 3 года назад

How, just how, you went from $500 to $53K in less than a month!!! I need that lol

@DaytradeWarrior 3 года назад

Thanks for watching!

@orlandorealestateconsultan6656 3 года назад

@@DaytradeWarrior CMEG? is that Capital Markets Elite Group?

@ryanreid1715 3 года назад

@@orlandorealestateconsultan6656 yes CMEG is Capitol Markets Elite Group

@al_bundy3440 4 года назад

Hey Ross Warrior Pro here...can’t wait for the June classes. Just want to say I caught your first video a few months back and the knowledge I have gained since - through your classes and videos has been exponential. Life changer! Question: Does SIM trading usually translate to real money trading. That is, in your experience, if traders are making money in the SIM after a few months or however long will they be making money in Live for the most part. Thanks man! Godspeed!!!

@sgold1132 4 года назад

I am in the same spot Ron. Been paper trading and doing well. EVERYONE tells me that trading with real $ is completely different. No matter how much you treat your SIM like real $ it is not the same. Different emotions deep in your brain that you cannot control. I have been told by many very successful day traders that it is better to use SIM to learn the basics, candles, your platform, making trades, etc. But then when you are comfortable start trading with very small amounts of real $. Start with 10$ trades and scale up slowly as you learn to control your emotions. I will hopefully be doing this in the next few weeks with a small cash account.

@ColoMtnFun 4 года назад

I agree with Steve sim initially to help understand trading and your setup. Then when you go real use small size trades to learn your platform, setup, emotional reactions and execution skills.

@DaytradeWarrior 4 года назад

hey! Sim is close to real money, but no emotions. When you go live trade with small size!

@tae912 3 года назад

Thank you for the HD resolution video quality of your hands. You got some nice hands man.

@DaytradeWarrior 3 года назад

You're welcome 👍😂

@vachyvachy2162 4 года назад

I use TD with a cash account and divide my funds between 2 days and then divide my daily funds to make 3 day trades. Keep putting more money in regularly so I can use more funds daily. Doing thise method I can stay away from the PDT rule since I'm under 25K and trade every day

@Freddy-wc1fm 4 года назад

Do you know you can day trade all you want in a cash account. And not limit your self with 3 day trades in a day. I sometimes trade 4 to 5 trades on my cash account in one day. And yes I divide my cash in half like you, so I can trade everyday.

@FastdounutTV 4 года назад

@@Freddy-wc1fm The dude literally said he uses TD with a cash account.

@franklinjohnson6804 4 года назад

He only makes 3 trades because he is using a certain amount of money for 3 trades a day

@FastdounutTV 4 года назад

franklin Johnson yea exactly. It's up to you WHT percentage you want to allocate for 1 day trade. Some people like to trade 3 times a day and use more cash and some like to trade 5 times but use less cash for the trade.

@travisashimself2356 4 года назад

I use a TD Ameri cash account and can only trade like 5 times a week. I started with only 300 dollars though.

@mtmsxp 3 года назад

Love your content Ross. Thank you for the education you provide. I’m trying to decide on a broker with fast executions.

@tiffanybrant7705 3 года назад

Okay!! Going for it and signing up for your Pro course today. EEEKKKKKK!!!!!

@Sharon-kr1ui 3 года назад

Did you sign up Tiffany? How's it going??

@alalgue 4 года назад

Great video, thank you. One question, between brokers for beginners, which one you consider the best, do you have any experience with webull. Thank you

@DaytradeWarrior 4 года назад

Hey Albert, I personally love Lightspeed, but you'll need a minimum of $25k to open and account. These are two offshore brokers that people in our community or our educators have used that you can research. For accounts under $25,000 (as little as $500), you can take a look at CME Group (US and all international residents except Canada). CME Group review: www.warriortrading.com/capital-markets-elite-group-review/ CME Group Rebate Program: www.warriortrading.com/cmeg-broker-rebate-program/ CME Group website: cmelitegroup.com For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA Even Canadians: TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ TradeZero website: tradezero.co/

@unclegaming9801 3 года назад

Warrior Trading hello

@Ryan...Arnold 4 года назад

Ross... you are certainly the truth ✊🏾✊🏾✊🏾

@DaytradeWarrior 4 года назад

Thanks Ryan!

@rsprodftw1 4 года назад

Good info. For anybody on the fence, I've been learning from Ross for about a year now. He's a great teacher and he WILL make you profitable if you put in the effort. I'll be renewing my membership when it runs out.

@DaytradeWarrior 4 года назад

thank you!

@adrianhector6608 Год назад

Hi Ross, what day trading Simulator with Replay would you recommend since I work full time , I would appreciate your help

@DaytradeWarrior Год назад

We do offer the Warrior Trading simulator, but it doesn't come with a replay feature. One thing to consider if you're looking to practice trading when the market is closed is take a look at TD Ameritrade's Thinkorswim (TOS). Their onDemand feature allows trading with historical market data at any time of the day. This can be great for practicing at your convenience, including while the market is closed. Please refer to their site for more information: www.thinkorswim.com/t/trading.html

@rileyfisco3423 Год назад

Hey Ross quick question! What top 3 simulators should I use to get started? I appreciate the help in advance! New subscriber! Love your stuff! -Thanks 😊

@DaytradeWarrior Год назад

www.warriortrading.com/paper-trading/

@ramoncervantes4685 3 года назад

How much does it cost to be your student Ross?

@DaytradeWarrior 3 года назад

Hey Ramon, You can check out our courses here: www.warriortrading.com/trading-courses/

@Eliminator5555 3 года назад

Too much.

@daddacrow 4 года назад

I trained on the TD Ameritrade simulator for my first 2 years. I've been trading with real money since last summer. I have a consistently rising p&l curve but I'm only trading with $6,000. My next step is CMEG. Ross if it's not too much to ask can you do a video in detail about how to use CMEG and what to expect when setting up an account and the fee structure ect. Thank you sir.

@investing2089 4 года назад

2 years on the simulator? We’re you trading only periodically? Or daily? I’ve been using TOS since the coronavirus started and I’m already considering Cmeg. But maybe I am moving to fast. 🤷🏼‍♂️

@DaytradeWarrior 4 года назад

that's fantastic!! Great job! Check out Day 1 from Decemeber to see how I was trading with CMEG, that video I believe talks about it.

@daddacrow 4 года назад

I might have seen it but I'll check. Hey thanks for all your helpful videos over the years Ross. Can't tell you what an eye opener it has been. No one does it quite like you do. I look ahead to paying it forward in the future.

@daddacrow 4 года назад

Hey Investing. I've got about 4000 hours in the simulator. More would be better but I feel comfortable enough to trade real money and bigger size. I did take a lot of big losses when I first started over 3 years ago. After that I made a promise that I wouldn't trade real money again till I could prove consistency. No doubt I could have achieved my goal quicker if I had purchased the course Ross offers. Hindsight is 20 20. Good luck to you. Always embrace the risk!

@PGcrazy6 3 года назад

Excellent info, thanks.

@andretennyson 4 года назад

Hey Ross. Great videos. I’m currently trading with TD for day trading, but I’m looking into Lightspeed. I’m currently trying out their demo platform to get a feel of the software. I trade with a large enough account so I’m not bothered by the PDT rule. How does the commissions for stocks work with lightspeed? Is it $4.50 each time you open and close? Or is it $4.50 round trip trade.

@DaytradeWarrior 4 года назад

Lightspeed far exceeds that of TD if you plan on day trading

@turtlemaths 2 года назад

Jo i

@TiffanyT-LaDolceVita 4 года назад

Ross, I saw that Lightspeed has a 10k min to open an account. Is that true? I am a warrior pro student and love it btw.

@DaytradeWarrior 4 года назад

Yes that is correct. Great to hear you're enjoying the Warrior Pro!

@mahmoudelmoniem7738 4 года назад

@@DaytradeWarrior Hi Ross, i want to go for CMEG but i saw alot of negative comments about them. can you share ur experience with them are they good and trusty?

@ajaykoonjun7738 2 года назад

Can any one give me a list of international broker btw i resides in Mauritius and it is difficult for me to get a broker i cant download robinhood

@DaytradeWarrior 2 года назад

Hey Ajay, These are two offshore brokers that people in our community or our educators have used that you can research. For accounts under $25,000 (as little as $500), you can take a look at CME Group (US and all international residents except Canada). CME Group review: www.warriortrading.com/capital-markets-elite-group-review/ CME Group website: cmelitegroup.com For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA except Canadians: TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero website: tradezero.co/ TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ (Keep in mind that participation in a Broker Rebate Program is not required to trade or to be a member of our community. Rather, they can be an opportunity to receive discounted commission rates if any of these brokerages are a good fit for you.) This article can be a helpful resource for exploring your options for day trading with less than $25k! www.warriortrading.com/how-to-day-trade-without-25k/

@quintaldoyagami 3 года назад

Hey Ross it's me again, im new to this and trying to understand it. Is there a broker where I can get that 4x leverage you mentioned, buy whatever stock and wait more than a day to trade it or do they have to be traded within the same day? Thank you ✌🏽

@DaytradeWarrior 3 года назад

Lightspeed: www.warriortrading.com/lightspeed-trading-review/

@johnperry2766 2 года назад

Hi Cameron, like your videos as a newbie. Would you definately recommend Trade Zero and is the wire system safe to transfer funds??? Appreciate your advice, Many thanks, John

@DaytradeWarrior 2 года назад

You can read our thoughts on them here: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/

@ReptileRaptureRR 4 года назад

I’m going with CMEG, thank you for this Ross.

@auxripper 4 года назад

can I please ask you a question? I dont have my passport yet, but I have my drivers license. What was the 2nd form of US govt ID did they require?

@Iburn247 4 года назад

CMEG is awesome you'll love it. 0.002 cent per share commission is totally worth it if youre at the point where youre finding PDT one of the biggest things holding you back.

@avinashbowers8618 4 года назад

@@auxripper while not trade with an expert and earn your insured profit weekly

@ReptileRaptureRR 4 года назад

auxripper I used my passport. Sorry didn’t help much.

@zaidchalabi1599 4 года назад

auxripper permanent residence certification of naturalization

@FABROCKCHI 4 года назад

Light speed has a minimum of 25k to open an account so beginners can’t get that platform.

@DaytradeWarrior 4 года назад

you're right, but CMEG only requires $500 warriortrading.com/cmeg-broker-rebate-program/

@gonzo6450 4 года назад

@Ravshan Mamatkulov you can start with 10k, but with PDT rule!

@gruposcalybursadecv997 4 года назад

@Ravshan Mamatkulov dont know about that. im overseas too, and they only required me to depo $500. and have the account with a min. of $350..

@narzilloabdullo 4 года назад

@Ravshan Mamatkulov hey man where r u from?

@narzilloabdullo 4 года назад

Ravshan Mamatkulov anchadan buyon stock marketdamisiz? vatandosh ekanmiz

@mrmikethomas 3 года назад

Awesome post thank you! Can you do a video on best way to file your taxes as a full time trader US resident . You did touch on it briefly re Roth account. A full video would be really helpful for a lot of us! Thanks 😊

@skr8674 3 года назад

What platform does CMEG have Ross? Is it fast like Lightspeed?

@traystrade4622 3 года назад

Hello what's the way to get started with trade Cos I've been making my personal research for a while now

@DaytradeWarrior 3 года назад

If you haven't had a chance to attend yet, the best way for you to learn more about trading and how you can get started would be to join us in the next live 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/

@reggieonit 4 года назад

Love your videos I'm at 27k now looking to get to 50k now that I'm passed pdt

@TexasGent3808 4 года назад

How long did it take for you to get pass the PDT rule? What platform did you use?

@reggieonit 4 года назад

@@TexasGent3808 I use robinhood when I first started after that I went to td ameritrade. Ross has some good videos on it. I watched them all. The On demand part of td ameritrade. Is amazing and it help you take trade so you can get comfortable like a paper account. Feel free to ask me any questions.

@reggieonit 4 года назад

@@TexasGent3808 it took me about 3 months ago but I started with $2000.

@DaytradeWarrior 4 года назад

Thanks and good luck Reggie!!!

@reggieonit 4 года назад

I'm really excited about geting your day trading course😆

@alimirza3442 4 года назад

As ever Ross thank you so much for this ... Very helpful.

@DaytradeWarrior 4 года назад

Of course, happy to help!

@alimirza3442 4 года назад

@@DaytradeWarrior I have not started paper trading yet but the more I think about the gap and go strategy the more comfortable I feel about it ... Any links to trading gap downs as well as that ups would be appreciated ...

@alimirza3442 4 года назад

@@DaytradeWarrior I have a quick question. How often in 1 month do you trade the same stocks please ???