Top 5 Reasons Why Traders Lose Money 💰Don’t Make These Mistakes!!!

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Ready to stream this Master Class with my trading mentor team ❓❓ Click Here 👉warrior.app/stream-mentor-panel to get the video. You'll hear from me and our team as we answer questions 🎤 from real students in our program 📚
Chapter List
0:00 Intro
2:50 Mistake #1 Trading with Real Money Too Soon
7:33 Mistake #2 Trading with the WRONG brokers for Day Trading
9:38 Mistake #3 Trading WITHOUT a proven strategy
13:30 Mistake #4 Trading WITHOUT a business plan
18:46 Mistake #5 Not allowing enough time to convert Knowledge into SKILL
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.
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✔️If you don’t agree with those terms and our full disclaimer (www.warriortrading.com/discla..., you should not continue watching our videos.
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What’s my story? ✏️ You can read it here: www.warriortrading.com/ross-c...
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Our website is filled with free info 🔎 Start with this guide, no opt-in required: www.warriortrading.com/day-tr...
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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

Опубликовано:

11 июл 2024

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Комментарии : 1,7 тыс.

@DaytradeWarrior 2 года назад

@theratrace2153 2 года назад

where is the brokers list?

@Ram-ht7mq 2 года назад

How to get Master Class video, appreciate your help on finding it. :) I was not seeing the video on the link above.

@praveenlearn7499 Год назад

i dont see the broker list

@markburn4943 4 года назад

I think my biggest problem is chasing the homeruns instead of being content with small wins

@DaytradeWarrior 4 года назад

Been there before Mark

@darthbrandon2149 3 года назад

@Mark, You are not alone.

@newpromoshere9141 3 года назад

for real, take profit, all profit is good

@newpromoshere9141 3 года назад

I think new traders fail because they have a lack of patience and not wait for the profitable trade

@AllenandAndy 2 года назад

Damn this hits close to home

@DjRadRod 4 года назад

Hey Ross, I began my trading journey just last November. Did a small amount of simulation/paper trading just to get the hang of how to execute orders etc. Started right away with real money, using a small account. Didn't really have any sort of strategy or risk management in place whatsoever. Took a lot of small losses in the beginning, as I was slowly trying to find my niche and formulate a strategy. Lots of up and downs.... Now somewhat profitable, thanks to risk management and proper position sizing, having an actual plan in place etc. Once I started thinking in percentages and gains, instead of dollars and getting rich quick it really started clicking for me. Trading has completely changed my life! I'm up everyday at 5AM to check the markets, load up my scanners and get a watch list going. I work full-time as an engineer, so it's my side gig for now until one day I can make it a full time career. I love the content by the way, especially your trade recaps. Have a great day and happy trading sir.

@DaytradeWarrior 4 года назад

right on man, study study study@!

@danfet4141 4 года назад

I feel like I've just told you about my trading failures and all my frustrations and you're now trying to give me your best advice and also hope. Great video Ross!

@DaytradeWarrior 4 года назад

Thanks a lot Dan!

@irriwick Год назад

I am a Sri Lankan, 75 yrs. old and just started to do trading. As you said I made a lot of losses in the beginning and after listening to you I learnt where I went wrong. Thank you for the great presentation.

@DaytradeWarrior Год назад

You bet, happy to share!

@FeshDCore 3 года назад

i started learning on the 7 june only using a training account its going great made 800 today on 2 trades in 1 hour i feel confident already but going to wait 1 or 2 more months just to make sure im consistent on keeping a profit ...

@adonixp 3 года назад

How did you get started? I really don’t know where to begin

@FeshDCore 3 года назад

@@adonixp Well im using naga to "trade", but there are better out there.. then just use a demo acount, and just learn youtube etc then try to implement what you are learning to the demo account Slowly you will start to get it. But im no expert far from it, all information to learn its out there you just have to really want to learn it.

@the6reatness 2 года назад

@@FeshDCore what software do u use for paper trading?

@grth3929 2 года назад

@@FeshDCore 800 on 2 trades? Stocks? That’s not impossible but for me I would need at least a couple grand to get that in that amount of time.

@candywilliams893 3 года назад

I really love your way of experience, and letting the under knowledgeable people, be more knowledgeable about the business,, and thank you because, I just lost my Mother, and I’ve just been loosing my inheritance..

@bulltraderpt 4 года назад

With strategies I have found some can go in and out of style as the markets are always changing. Someone once said when you start designing strategies, you go from Mechanical, to Subjective then the desired state which one could argue is intuitive. The last one requires many hours of screen time though.

@CamTanYT 4 года назад

The hardest thing for me was learning how to cut losses. I would hold and hope to not take the loss, but now I have better entry/exit plans and can move on to the next opportunity quickly.

@DaytradeWarrior 4 года назад

🤓👍

@darthbrandon2149 3 года назад

@Cam, me too. I take a big loss, and my brain just wants to revenge trade. A bad habit formed in my gambling days at the local casino. Double down. Double down again. Double down again. Only with stocks, I am increasing my position size in the hope of "getting it back to even". It works sometimes, but the times it does not work results in blowing up my account.

@AmericanDiary01 3 года назад

Warrior Trading I made 4600 from $40 🙂

@RobHavemeyer 4 года назад

Great to hear from Celena! I agree with her comments 100%. The emotional side of trading is the “one” thing a SIM cannot prepare you for. It’s easy to get carried away in the SIM and make a lot of money. That’s good to a point but it starts to write checks against your confidence because once you go live you can’t take the position size of your fluffed up SIM account. My advice is to try and treat the SIM as if it’s real $. Use the same position size as you can afford when you go live. This way it’s a closer easier transition. Even with that just realize that a few red days in a live account will probably take an emotional toll that you aren’t expecting. But as I’ve learned a red day is a time to learn. Trading is about screen time and learning. And you have to learn from your mistakes and work on your bad habits and things that make you unprofitable. Journaling and Tradervue are your friends. As Ross has said trading is a marathon and not a sprint. There will be slow times or times when the opportunities are less. You have to realize each day is a new set of opportunities and preparation is key to being able take advantage of the A+ setup when you see it.

@DaytradeWarrior 4 года назад

That's right! Thanks for sharing Rob!

@darthbrandon2149 3 года назад

@Rob, I could not agree more. Losing money in a simulator has no emotional connection. Losing real money is extremely hard. It is simply human nature to want to believe the money you lost can be "won back" if you just keep trading. I am struggling like mad with it right now. I have even gone so far to install an app from the Microsoft Store that will restart my computer at whatever time I specify. Basically, setting myself a hard stop. What I really need is something to do after 10:00 am eastern, like Ross does. Hard stop, whether I am up or down. 🤔

@MW_Builds 3 года назад

Rob Havemeyer great info here. So insightful, you helped me loads, thanks!!

@anacrosby8951 4 года назад

I’m not losing money anymore. I just wanted to say you are the only transparent Trader/educator. I respect you very much for that. Keep up the great work. I had my start of trading education with you. But moved to few others after you and realized you were the only honest trader of all :) it was a good start with you. Thank you

@DaytradeWarrior 4 года назад

Congrats, that's great! Thanks for sharing.

@MarcosWanlessyoutube 3 года назад

I’ve been a business analyst for years and everything you say hits the mark right on-thank you for your advice! I will go and take your course

@DaytradeWarrior 3 года назад

Thanks Marcos!!

@Nouveau0 3 года назад

You're a business analyst but you're taking a course from someone else? 😂

@TheSilentpulse 3 года назад

@@Nouveau0 You either fine with being good or you wanna become the best.

@delviraanadeoliveira1751 2 года назад

@jameslawler1480 2 года назад

Successful people don't become that way overnight. Most people you see as glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray anyone who reads this will be successful in life

@DaytradeWarrior 2 года назад

Thanks for the comment!

@savannaliwanu2054 2 года назад

It's obvious a lot people remain poor due to ignorant because of not having the knowledge that forex market is the only profitable investment you can ever think of doing

@savannaliwanu2054 2 года назад

Well, for 7year now i have trading forex and i know what forex trading have done for me and my family

@hugavet3049 2 года назад

I watched this video but made the same mistakes. I'm a big dummy I got impatient. I jumped in and got lucky early on my first day. $3000. Then lost $10k. Then would get lucky and overconfident. Please follow Ross ' advise precisely. It's too easy to gamble. I should have started with only $1000.00. Don't chase your losses. Start small!

@DaytradeWarrior 2 года назад

Sorry to hear that!

@bama_b3019 3 года назад

Greatly appreciate you taking this time. You seem genuinely sincere and I think your videos are real gems!

@DaytradeWarrior 3 года назад

Thanks for watching!

@Tom-ih5rz Год назад

So thankful for these videos! Nice to hear a genuine voice. Are there any free trading simulators that you recommend? Thanks!

@DaytradeWarrior Год назад

You're welcome Tom!

@GBRbaptist 4 года назад

You are on fire! Up over 200 today on sim and 10 dollars on small amount this week. Truly thankful for all the free content you share. God bless!

@DaytradeWarrior 4 года назад

Thanks Javan!

@willdennis3060 3 года назад

Your content is so good. Sticks out a mile in terms of its authenticity.Thanks for creating something meaningful against the noise of empty content that fills this space on RU-vid!

@DaytradeWarrior 3 года назад

I appreciate that, thank you!!

@laurenjohnson8530 3 года назад

Ross, you make trading seem really accessible. I always thought trading was too technical until I stumbled across your videos. I started with Stash and presently have a 13% return, but I'm really excited to get into day trading. Thanks for sharing your knowledge and making this actually seem possible. I have some student loans I would love to knock out sooner rather than later and then start really building a life for myself.

@3statesnetllc 3 года назад

Just came across this video, I’m new but have a set of rules that have worked for me so far. But always learning (I own a few other businesses as well. I tend to spend way to much time but here’s my rules let me know what you think. I’ve only been at it for 3 weeks 1) never spend tomorrow’s lunch money on stock 2) when buying I set a trigger for a sell and stick with it - any profit is a good profit 3) I don’t buy anything that isn’t currently down (especially with the corona) from 6-12 months ago 4) I don’t buy anything that doesn’t move a lot (the current yo-yo like market is working for me) 5) I don’t sell if it’s down and I account for a certain % to hold for a day or two 6) i don’t look at what I could of made it I’d held it longer - that’s whey you start playing the slot machines and the house always wins. I have a little 200 a day goal on profit, that being said I’ve averaged 650 a day for the last two weeks and I’m looking at upping my goal. Thanks and as always I read and watch everything

@DaytradeWarrior 3 года назад

Those are some great rules, thanks for sharing!

@MW_Builds 3 года назад

3statesnetllc great job. That is so inspirational, thanks!

@DavidBadilloMusic 4 года назад

The few sell-offs we've witnessed in 2020 with the coronavirus crisis, makes you appreciate the pros of day trading, specially the fact that you go home every day with your account in cash, unexposed to the madness of holding long positions through crises like this, and can sleep well.

@only2asim 3 года назад

Very nice videos and pointed out very basic mistakes we do as as beginner day trader. Also I feel it very inspirational, thanks Ross!!

@ninjake3 4 года назад

Thank you for you constant videos. The past week I've had a paper account open and didnt trade at all. Just simply watched so I can get more familiar with the patterns and the system. This monday I'll be buying, and if I show profits until March that's when I'll use real money. Until then I plan to watch your videos every single day!

@DaytradeWarrior 4 года назад

Great to hear you are practicing! If you haven't already, you might enjoy checking out one of the free classes we hold. There is a spot to sign up on our home page: www.warriortrading.com/. Thanks for following!

@sis6483 3 года назад

I finally decided to turn my trading into a business by proving that I can successfully make $50 in a trade. I treat it as analytically as I did my consulting business. Your recommendation connects for me because it is how I'm treating every day. At first I thought I shouldn't have to work so hard at it, then embraced my work ethic. Now that I have proven to myself for the last 2 months that I can successfully meet my small goals and I have been studying trading strategies and engaging them for over 10 years as an investor, I am going to Schedule C my business under my existing sole proprietorship and change my Business Activity designation. My questions are: 1. What is the correct Business Activity designation? 2. Is Mark to Market necessary for my accounting method? Upside? Downside? 3. Are your classes a schedule C deduction? If so, under which line item? Thank you so much! I look forward to learning your strategy to increase my profitability without emotional stress :)

@mokebang7526 3 года назад

Enjoyed this video. Thank you for the motivation.

@xak22 4 года назад

Have been member of warrior pro for already 3 months, the mentor panel was very helpful, thank you Ross! Many things seem so obvious, but it is super helpful to get them repeated and heard from others as well! (It is like waiting for confrimation on charts haha) Looking forward to 2 more green weeks in order to graduate

@DaytradeWarrior 4 года назад

Glad you enjoyed the mentor panel! Thanks for being a valued member of the community. We look forward to your trading success!

@pseitradingmemes7203 4 года назад

Thanks for this video Ross, now I need to step back from trading and reassess ehat I've been doing for the past 3 years. I'm sick with traders claiming that they have a profitable strategy after just few jackpot trades and now are conducting masterclass and charge new traders enormous money for their seminars but can't even show their yearly performance or ledger. But with Ross, he has proof and it's all documented for everyone to see.

@DaytradeWarrior 4 года назад

Glad I could shed some light on this topic! Stick with it Alpha, appreciate the support.

@BrentGoodale 4 года назад

I’m pretty sure you have more outfits in this video then I have in my closet. Loved the Leopard print at 5:32

@DaytradeWarrior 4 года назад

hahaha that's funny! Glad you like the leopard print!

@kjc9trader491 4 года назад

@@DaytradeWarrior : 👍 that Pink Floyd tee --- is it "vintage"?....

@robertsorensenhomeofthefid171 2 года назад

Ross, you are so genuine. Thank you for being awesome and helping the rest of us. I hope you realize just how much we appreciate you.

@DaytradeWarrior 2 года назад

You're welcome Robert!

@ezejau757 3 года назад

You are a great person to share your true knowledge with us.. Thanks for your lessons (I love your clothes selection, by the way, the tiger sweater it's definitely the best, LOL)

@DaytradeWarrior 3 года назад

You're welcome!

@destinybaldwin1860 3 года назад

You have really helped me out. Thank you so much for everything you do!!

@DaytradeWarrior 3 года назад

Thanks for watching!

@_Phyro 4 года назад

Thanks Ross for sharing! You always help me keep my head straight and in the game.

@DaytradeWarrior 4 года назад

Thank you!

@willwildwest31 3 года назад

Great video!! Thank you for all the tips!!

@DaytradeWarrior 3 года назад

Thanks for watching!

@davidobjio7637 4 года назад

you are giving hope Ross, I keep saying I can't do this bc of work hours and bc its to hard to, then I see your videos and I get excited again.

@DaytradeWarrior 4 года назад

I'm happy to hear that!

@jerrykicklighter6716 3 года назад

No pain. No gain. Period. $$$$....

@dennisrodriguez3689 4 года назад

I turned $4000 into $80. Yup, it just took me 3 weeks , and yup. I have all the symptoms of Why traders lose money xd

@Learn2SingInEnglish 4 года назад

in this market? how?!

@DaytradeWarrior 4 года назад

Really sorry to hear that! We'd love to help you turn things around. 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/

@dennisrodriguez3689 4 года назад

@@DaytradeWarrior Don't worry. I just turned my remaining $25 (yup, I lost 55 more) into 525 this week. I'm learning, but i was looking for some motivation on your Channel. Thanks!

@angelaandronache4019 4 года назад

Dennis Rodriguez same here 😩🤦🏻‍♀️🤷🏼‍♀️ everyone bs that they win a lot but they never talk about losses.

@lchmiami2844 4 года назад

Hi Dennis for how long have you Been in this so far ,

@ZsaZsaWorld 4 года назад

Dudeeee THANK YOU!!!

@mtmsxp 4 года назад

I am a part of the 90% club. Yesterday was no exception. I know my trading will be profitable one day it’s just been a long two year journey learning and getting burned sometimes beyond recognition. Thank you for your videos sharing your ups and downs. Your journey is such an inspiration from struggling and losing to becoming consistently profitable. Thanks Ross

@DaytradeWarrior 4 года назад

Good for you! Keep it up!

@healanihorswill6727 4 года назад

I guess I got lucky and was part of the 10% I profited around $18,000 in about 8-10 days .

@mtmsxp 4 года назад

Healani Horswill that’s good to hear. I’m glad your doing well in this niche bc trading is hard. I’ve had to big red days this past week. So I’m red on the week, month so far and year. I know I’ll turn the corner in trading at some point it’s just such a struggle to get there. Keep up the good work

@xboomcazoox 4 года назад

One thing I've really appreciated, learning from your daily recaps and small account challenges, has been your transparency! Other creators only show the days where their trade strategy works. Where you break down your set ups whether they are profitable or not. It's authentic and proves you're a human. Not a student of yours due to the time restraints as a fulltime tradesman, but being a fan has been just as valuable. Definitely trading smarter thanks to you Ross, keep up the good work!

@DaytradeWarrior 4 года назад

Every trader has losing days, it's part of it! Thanks for sharing 🙂

@Bottlesbybigd 4 года назад

Watching all your videos the last few weeks has been very eye opening for me Ross. I started with Robinhood investing for long term but couldn’t help but be drawn to day trading. I haven’t made any crazy trades or had any big losses only built up my account slowly by mostly swing trading. I’m closing in on $10k in my account through RH though. I Would like to transfer to a more reliable brokerage at some point here and hope to take Warrior classes possibly next year. I will be slowing my roll and really digging into understanding trading because I love it. Thanks so for the morning videos Ross they are greatly appreciated.

@DaytradeWarrior 4 года назад

You're welcome David!!

@yawopokugyamfi6609 3 года назад

Thanks for the visual aid😉👍🏿changing your shirt was helpful YOG

@DaytradeWarrior 3 года назад

It's my pleasure!

@hugavet3049 4 года назад

New WT PRO student here, trading in the SIM. learning a lot! thanks Ross, I really feel like this is what I've been looking for. Yes, I lost $3500 sim cash today, but it taught me to take smaller shares and not get greedy.

@DaytradeWarrior 4 года назад

right on!

@alexanderpak9810 4 года назад

Ur tips has helped me a lot! Thank you for being such a great youtuber!!!

@DaytradeWarrior 4 года назад

Happy to help! Thanks for the feedback!

@eltonreeves8477 4 года назад

I've been slowly figuring my strategy but this is some golden advise

@DaytradeWarrior 4 года назад

Keep at it Elton, it's a process!

@jasonfox8979 4 года назад

I use a 3 monitor system powered off my mac on my desk. Wondering if you'd share where you got the double mini monitor set-up for your laptop? I travel a lot for work, or I did, so it'd be a great addition! Thanks

@stefanvanbraam4378 10 дней назад

Great video. Looking to learn from you. Never have done anything like this thought it would be nice to be able to do this and hopefully, make a better life. Thanks again.

@garbacciojp 4 года назад

Loved this Ross. You come across really genuine and authentic, subbed for sure. Hoping to learn a lot from you in the coming months 👍🏻

@DaytradeWarrior 4 года назад

Awesome! Thank you!

@brandonlurssen1751 3 года назад

Cannot find the brokerage accounts you recommend or use, which are they? they're not stated in the description

@JohnVelasquez-ur2xj Год назад

Thanks for video, i'm looking forward to trying your stimulator

@DaytradeWarrior Год назад

Nice John!!

@tyberious3023 2 года назад

The pilot analogy was my favorite haha

@DaytradeWarrior 2 года назад

👍😂

@leannabedore 4 года назад

3 words. I.LOVE.YOU.🤩🤩 becuase you really break this down so well, and are so informative and able to relay it in a spectacular way. Everything you said about beginniners I was like oh crap I do that...🙋‍♀️😭 I recently started on Robinhood.. and um now I'm going to backtrack and start over using your principles. Thank you.. I will continue watching your amazing videos.

@DaytradeWarrior 4 года назад

It's my pleasure Ambrosia!

@Andrew1995G 4 года назад

It's my New Year's resolution, and now this channel is one of my daily habits, great tips, thanks Ross!

@DaytradeWarrior 4 года назад

Awesome Andrew! Glad the videos help!

@jadehiggins2790 2 года назад

How's it going one year on

@goodideaatthetime 3 года назад

Ross, thanks for the great videos and inspiration. I was wondering if you had a template of the spreadsheet you use to log your trades?

@DaytradeWarrior 3 года назад

I don't have any specific template, but I do keep track of all of my trades.

@nmczvRani 4 года назад

I love how you said 'yeah' 531 times in the interview that was shown in the first 5 minutes 😂

@DaytradeWarrior 4 года назад

yeah that sounds about right!

@Big-Wonka 4 года назад

To be fair, he threw in a few "yes" and "right" lol

@MW_Builds 3 года назад

Yeah, good get, yeah

@Worldpeaceforeverremains 3 года назад

$ure.

@marcushayhurst5141 3 года назад

Dang I was gonna say something similar lol. I had to stop watching there because it was to embarrassing to watch

@modan999 4 года назад

Kudos to you , Ross. For those willing, you are ingenious. Keep up the goodwork.

@DaytradeWarrior 4 года назад

Thanks for watching!

@KP_XRP 4 года назад

Great information. I aim to get good enough to where I need one of those lap tops for travelling. And more importantly to fully understand when I need to decided that there's just no trades today. New day tomorrow.

@DaytradeWarrior 4 года назад

Those are tough ones that's for sure. Stick with it!

@darthbrandon2149 3 года назад

@KP, Although my recent live trading performance does not lend me any credibility to give advice, I know Ross would say that if a stock is trading above the VWAP, and the stock is consistently making a new "high candle", it is a good bet to trade that stock. Either buying dips, or waiting for breakout. My "new plan" is to put a horizontal line on the Chart screen to mark the first new low after 7:00 am premarket and mark the first new low after 8:00 am premarket. My analysis over the past few months shows that if the low point of a stock is higher at 8:00 am premarket than it was at 7:00 am premarket, the stock will have a good probability to be a good performer after the bell at 9:30 am. Many traders do not study the early hours of premarket trading, but much can be learned by taking a look. It is surprising how many stocks go nuts at 7:00 am, only to fade out for the rest of the day. The early premarket volume and price boom puts the stock high up on the list of big gappers in your scanner, but it is a false reading if the stock is a dud by 9:30 am when trading starts.

@mememen255 4 года назад

genuine, modest, and really trying to help out. thanks for this

@DaytradeWarrior 4 года назад

Thank you!

@slyrhythm6471 4 года назад

Thank you!

@DaytradeWarrior 4 года назад

You're welcome! Thanks for watching!

@seanbaker2577 4 года назад

Can't tell you how much your advice has helped my trading. Thank you so much 👍

@DaytradeWarrior 4 года назад

Love to hear that, thanks for sharing!

@icsongi 4 года назад

Thank you, Ross! Really liked this video. Nothing new, but like listening to u.

@DaytradeWarrior 4 года назад

Appreciate that! Thanks for watching 🙂

@Al3xAndrovA Год назад

Nice! I am very grateful to be learning from you!

@DaytradeWarrior Год назад

Thank you!

@HEXpertStaker 4 года назад

Excellent video Ross! Appreciate you.

@DaytradeWarrior 4 года назад

Thanks Droid! Appreciate you too!

@joseluisroma3378 4 года назад

Excellentand thanks a lot for heiping me. I am starting, I want to prepare by myself with your videos and then I am going to buy your course. I want to take knowledge.🙏

@DaytradeWarrior 4 года назад

right on!

@BialyOrzel777 4 года назад

#1 Greed ... hands down... been there, done that learn to dominate it and control it , you might do ok ... many talk nice but talk is cheap ... learn the hard way

@DaytradeWarrior 4 года назад

Yep, we've all been there.

@oldschooladkwhitetails215 4 года назад

I've been learning alot from your vids. Thank You. I work full time and only have 2yrs to retire with a pretty good pension. I work 80hrs 90hrs in a 9 day period. OT to pad my retirement. I dont wanna get rich a trading...I live a simple life in ADK mountains. Just wanna make a 100 to 200 a week. Was gonna join the warrior program till this crisis started..but money is little tight. I will join once things level out. Thanks again for being so humble

@DaytradeWarrior 4 года назад

Hey man, that's awesome!! Spend the next 2 years studying on the side while you get ready to retire. We'll be here for you when you're ready to join!

@shawnmcdonald9352 4 года назад

You are absolutely Right Ross. But you already know that. I've got to get started.

@DaytradeWarrior 4 года назад

Would love to help you get started! You can check out our courses here: www.warriortrading.com/warrior-pro-info/

@joeycarpeal 3 года назад

Mannnnn that first Lady hit the nail on the head how I've felt the past few months.

@DaytradeWarrior 3 года назад

👍🤓

@eskoo8396 3 года назад

3:50-5:25 You said YEAH/RIGHT every 3.3 seconds on average. 29 times in 95 seconds

@DaytradeWarrior 3 года назад

👍😂

@Hopscotch_24 3 года назад

Active listening. I love it.

@ahmadus6667 3 года назад

You didn't understand nothing I believe lol

@cartac85 4 года назад

Thanks for the videos! Can you share what you have your percentages set at for trailing stops and stop loss?

@DaytradeWarrior 4 года назад

I don't use trailing stops or a hard stop. You can learn more here: support.warriortrading.com/support/solutions/articles/19000045007-routing-hot-keys-and-buying-selling-process

@bronx27 2 года назад

Great advice. Thx

@DaytradeWarrior 2 года назад

Hope you enjoyed the video!

@HBGarageyoutube 4 года назад

This is really a wake up call for me thank you!

@DaytradeWarrior 4 года назад

Right on man!

@KingMK31 4 года назад

Taking in the advice like a sponge! THANKS

@DaytradeWarrior 4 года назад

Love to hear it, happy to share!

@RPHowe 4 года назад

I've been trading a little over a year now. I paper traded for a while when I started. I did well with it, but when I started with money I didn't do very well. 9 months later I'm still trading, but seem to struggle still a little. Something tells me to go back to paper and something tells me I'm past that. I've noticed that when I paper trade there is no emotion which doesn't do me any good because I'm VERY emotional. I had my best week two weeks ago and turned around last week with my worst week...green today!! Love your channel bro!!

@DaytradeWarrior 4 года назад

Only you know what it right for you, the sim can be helpful, though like you said once you go live it can be tough to trade similarly in a sim.

@treasurehunt7812 4 месяца назад

I appreciate your authenticity. A rare commodity in this age.

@MrChan223 4 года назад

Hi Ross, I been following you for about 3-4 month thanks for all your advise keep up with the good work sir.

@DaytradeWarrior 4 года назад

Appreciate that Channing!

@dylanmichaels4716 4 года назад

In addition to being a great trader/teacher/mentor/motivator, Ross stays sporting the best shirts.

@DaytradeWarrior 4 года назад

Thank you!!

@danielhansen3690 4 года назад

That zebra wearing a cone was probably the best shirt I've ever seen

@blombardo83 4 года назад

Agreed!!!

@matthew2531 4 года назад

@@DaytradeWarrior "the traders before me had some secret strategy but it didn't feel right" Federal Reserve starts wars, collapses economies, prints money and forces people to take on debt.... Right on Ross!

@danhalfhill9169 4 года назад

Personally, I liked the Pink Floyd Division Bell shirt! 🤘🤘🤘

@jeremybrase3727 3 года назад

Thank you for the video!

@DaytradeWarrior 3 года назад

My pleasure!

@seanc4486 4 года назад

I'm happy i found your channel. You speak the truth. Definitely will check out your website.

@DaytradeWarrior 4 года назад

Thanks Sean!

@ulfbuddensieck8905 3 года назад

Hi Ross, just wanted to say thank you for putting up this video and making it available for free for everyone. I just lost a lot of money by making pretty much every mistake you mentioned. Clearly I needed to hear what you are sharing. I'm not sure yet where this path is leading, but thank you. I really appreciate you.

@DaytradeWarrior 3 года назад

Glad we could share! Thanks for watching!

@howtoelijah2205 2 года назад

I'm just getting started and I was wondering if you are still trading, and if so how much have you made?

@zacharyhoyu4875 3 года назад

I skipped the simulation because I want to have the emotional connection to winning and losing. But I am only trading with what I'm willing to lose. I've only gained 10 percent in my first month. It's exiting and im slowly trying new things and am spending 4-5 hours a day watching videos about trading, but when I found your channel I found you are far more informative and you dont hype things up. Hopefully it just gets better from here even if I do take some losses along the way

@DaytradeWarrior 3 года назад

👍🤓

@meals24u 3 года назад

Great vid! All points on point! I can attest to that 🤣☠️☠️ But that’s the school everybody goes through, but many don’t graduate.. Many a ppl pick up a guitar, heck even pay for good lessons, FEW become Rockstars!!

@DaytradeWarrior 3 года назад

Thanks!

@kevinclemetson8382 3 года назад

Thanks! Loved the video.

@DaytradeWarrior 3 года назад

Thanks for watching!

@JWW10666 4 года назад

It took me 10 years to find a strategy that works for me. I consistently average between a 15-50% return every month. The way to win in this game is with consistency and having a good risk management plan in place.

@DaytradeWarrior 4 года назад

That's very true!

@sahabiyaa 3 года назад

Hi Jesse, Can you pls give us some tips as to someone like me who is just starting to learn! Thanks in advance!

@vovanminh999 3 года назад

10 years , wow are you serious to find a strategy , i think you are not doing enough homework , only took second months to found my strategy because i was studied a lot before that .

@viclotorto9488 3 года назад

I made $8,000 today off doge . I have 50k shares . Bought them for $15,000. I made $30k in valuation for my first trade ever ! It can be done but you gotta position yourself correctly and catch trends early

@DaytradeWarrior 3 года назад

Wow nice job!

@dreamsdicc1817 3 года назад

Now put it into amc and hold for your life

@riverjaydenart 2 года назад

Hey mate, absulutely love your videos! Addicted to them. Beginner trader, no nothing. soaking up every video I can. Do you recommend starting out with your educational trading while learning the basics on simulator?

@DaytradeWarrior 2 года назад

Thanks for sharing! Yes, we highly encourage you to first go through the Warrior Pro course and practice on the Warrior Trading simulator before attempting to trade a live account. If you haven't had a chance to attend yet, the best way for you to learn 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/

@kevinvanwijk2417 2 года назад

Thank you Ross for giving a perspective on where to start and how to approach day trading.

@DaytradeWarrior 2 года назад

You're welcome Kevin!

@CelticsWin7 4 года назад

Can you do a top 5 losses recap of 2019? The big losses are the hardest for traders and beginning traders might not realize how much their big losses effect their PnL at the end of the year. Great video 👍

@DaytradeWarrior 4 года назад

Thanks for the suggestion, I'll definitely consider the idea!

@Bevoatx29 4 года назад

Hey Ross where can I get those extra monitors? Btw great great video as always keep me coming!🤙🏽

@DaytradeWarrior 4 года назад

Hey Bev, Here's a link to the ASUS monitor that I use: www.amazon.com/ASUS-MB168B-1366x768-Portable-Monitor/dp/B00FE690DI

@danielhansen3690 4 года назад

@@DaytradeWarrior These monitors are really nice with the 1080. I've been using them and they really really work well.

@sheldonrobinson4062 4 года назад

I am really glad I stumbled across this video. Almost didn't even watch the video, was sitting here watching videos on swing trading and blah blah blah without even having a strategy and or a game plan basically knowing nothing.

@DaytradeWarrior 4 года назад

Love to hear it, glad I could help!

@johnsondon8145 3 года назад

Excellent vid! Thanks😏

@DaytradeWarrior 3 года назад

Glad you liked it!

@evushka25 4 года назад

This video from the start described my two loosing trades this week! My first two trades were profitable. First one, actually, I did all on my own :) Was very proud of that. Then second following you, Ross, 100 shares and made $163 using only about $800. I got so excited and overly-confident that the next day I bought 1000 shares and being so scared to loose - sold too early, hence the loss. The following day I made the same exact mistake... hoping to recapture the loss from the previous day - lost again. I have no experience, no knowledge... and traded in Fidelity! I thought I would have a heartattack while my sale was loading! I can't believe I did that! Quite embarrassing :) No more! I've been studying hard, I will practice in a simulator, I will set a limit to number of shares and price. I hope in a month I will be ready to trade. I wish I saw this video last Sunday before I threw myself into trading. Thank you, Ross!

@DaytradeWarrior 4 года назад

very good!!

@elyasunshine 4 года назад

Priver

@evushka25 4 года назад

@@elyasunshine Privet! :) Ya tebe prishlyu list kotoriy nado smortet.

@AthosEric 4 года назад

Thank you Ross. I can see you are a genuine teacher and you really want to people to learn. I think you are the only one on the internet that can be trusted about Day Trading. education is worth it. Quite a bit out of my price range but it seems good none the less. Hopefully i can benefit enough from the chat room.

@DaytradeWarrior 4 года назад

Appreciate that Eric, would love to have you join the chat room!

@AthosEric 4 года назад

@@DaytradeWarrior I am already in and I got my father ready to join. It has been a great. I have learned a do much in a few days.

@AthosEric 4 года назад

@@DaytradeWarriorWatching your Beginner Trading video on You Tube got me all fired up! I will always be thankful to you.

@RUBAN0606 2 года назад

Seems like emotional content is the Biggest contributing factor for a successful trader

@DaytradeWarrior 2 года назад

Thanks for the comment!

@RUBAN0606 2 года назад

@@DaytradeWarrior Would it be fair to say that Psychopaths are the ultimate traders 🤪 lol

@crapartners 4 года назад

Great video, I love the honesty Ross.. ty

@DaytradeWarrior 4 года назад

Thanks for watching!

@nathanhumphreys7206 4 года назад

Hi Ross, would you recommend Tradezero or Interactive as the broker to use for a beginner with $500 starting balance?

@DaytradeWarrior 4 года назад

Hey Nathan, Here is some more info on some offshore brokers we know and would recommend looking into. 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/

@echodelta_9315 4 года назад

I like the shirt change in each rule haha but you’re sooooo right I lost a lot of money upfront trying to trade on Robinhood before I had a plan and only started to get profitable when I switched to Ameritrade and developing rules for myself. I’m still working on them but I’m becoming more consistent and that has helped me to getting more profitable. I still want to join your course but I’m in school and work full time so I can’t dedicate as much time. I do think it would be very beneficial though to join and plan to when school breaks into summer most likely.

@DaytradeWarrior 4 года назад

haha glad you enjoyed! Look forward to having you on board soon Munkaynutz_

@alexischavez6629 Год назад

Really helpful thank you I’ll be following along. I’m a new trader I’m taking your paper trading advice. Going to watch this master class when I get home from work

@DaytradeWarrior Год назад

Thank you!

@johnbinzhou 4 года назад

Awesome video. Just getting started and yours is the most authentic. Other videos i've watched all sounded like used car salesmen. Thank you for keeping me busy during quarantine.

@DaytradeWarrior 4 года назад

Thanks John!! I really appreciate that

@leonelperez5359 4 года назад

Do you ever feel comfortable holding a 6000 shares plus position?

@DaytradeWarrior 4 года назад

I think I always am aware of the risk, though it has gotten easier as I've done it more and sized up.

@darthbrandon2149 3 года назад

@leonel, Consider the size of Ross' trading account. I have seen him take a $775,000.00 trade on a large cap stock. So in perspective, Ross taking a 6000 share position of a $10.00 stock is like the rest of us taking a 60 share position of the same stock.

@MatthewWalker_93_ 4 года назад

My biggest problems, even after 20+ years of swing trading and 4 years of day trading, on and off: 1. Trading after first 1-2 hours of opening bell. Volume is down and professional day traders have left the market, so the tried-and-true patterns are wrecked due to nervous scalpers (who take what would have been a 20 cent movement and turn it into a 2-3 cent scalp off every trade. >Result: LOSE MONEY. Entering a trade and watching the next few candles go either sideways or down. What would have been a good move in early hours turns an otherwise lengthy candle into a dimming yellow-then-red orb of loss - my loss. 2. Entering trades too soon! 5-min candles are far better than 1-mins when trying to sense the trend, at least for me, plus my addiction to 1-mins and fear of missing the trade, leaves me rowing with half an oar. >Result: LOSE MONEY 3. Trading half asleep~~!! This, though rare, has been the cause of my most fumbled trades. Shorting when meaning to go long; trading 1000 shares instead of 100, adding to a position versus profit-taking. Need to be awake, rested, and studied before hitting any hotkeys! >Result: Need it be said? LOSE MONEY. Total chaos. Don't trade unless ready to trade!

@DaytradeWarrior 4 года назад

That last part is extremely important to remember.