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Thanks as always Ross. Hearing you articulate your process is always a great reinforcement to your incredible lessons. Been following you as a pro member for years and I thrive on your knowledge, energy and enthusiasm. You’re the real deal and I’m super grateful to be a part of the community 👍🏻
First! Trader rehab going very well in the hot market. Up $7850 in the sim in 6 trading days since implementing the rehab rules. Going to continue limiting my max trades down to the one a day challenge when I'm ready.
@@paulforsell5197 thanks man, I know. Have traded with real money several times now. Back in the sim to work on strategy and discipline. But thanks for the heads up
@@paulforsell5197 and honestly, I'd say having a green sim last week means even less than normal. Last week was crazy hot and the strats that worked last week usually won't work longterm. I'm not really grading myself on P/L, but discipline. In fact, when I was compiling my trade data for last week on Saturday, I wrote all my stats down then realized I never even wrote the P/L down. The dollar amount simply isn't important currently. P/L is a byproduct of the process, so I'm process focused.
@@aeligos "Trader Rehab" is a phrase the Warrior traders use for a shift in trading rules which make them much stricter. Usually brought on by a period of emotional trading. In my case, I had been in the sim trading anything that moved to gain a lot of experience in a short time. When that stopped being useful I gave myself some guidelines which were still too broad, but introduced some strategy and sizing rules. But those rules were still too broad and I was exposing myself to too many triggers, and began trading emotionally. I recognized this and decided that I needed to trade with much stricter rules to limit exposure. Now, I'm only taking A and B setups, I have share size limits on winners, and even tighter limits for averaging down. I can only take a maximum of 5 trades per day, then have to walk away. Also, I've limited my trading time window down to my best period (mostly premarket). I've also made a few other specific rules based on my metrics (like no trades for the first 10 mins after open). I actually plan to tighten the rules further before switching back to real money again. Soon, I'll go down to a maximum of 3 trades per day, then down to just a single trade per day. Eventually, when my discipline and reactions to losing are where I want them, I'm going to start a small cash account with no margin or leverage and take one trade a day until the account is over 25k. Then I'll probably continue that rule until I'm closer to 30k. Then start each day with the 1 trade rule, if it goes red, walk away. If 1st trade is green I can take up to 3 trades. Do that for 30 to 90 days, if successful, will use same rules, but if green after 3 trades, allow maximum of 5 trades. If that goes well I'd have to reassess my metrics and adjust, perhaps make special rules for allowing more trades on hot days. In general though, I expect limiting my max trades per day to be a normal part of my process for a long time.
I bought in on DRUG the first day at $3.80, 1000 shares, sold for about $1 profit. I was happy with it, but on a cash account it hurts to see all the profit I could have gotten. I never would've held that long though, so I don't beat myself up over it
Ross, thank you for sharing your experience and "educated intuition" with us. I tend to be cautious to the point of my detriment at times. I have added a single "Post It (tm)" note to my monitors. I had been bad at chasing stocks that were crawling up a few pennies a minute. I suffered badly from the "buy anything that moves", and although my accuracy was good, I had very few big winners. The post it reads: Buys Stocks that are Going up Dimes and Dollars -----------NOT----------- Pennies! This is to encourage me to stop chasing squirrels, and instead focus on the stock which are making bigger moves. I was both tying up funds, and wasting my focus on small gains, which sacrificed the time and funds to chase better opportunities. Let us see IF the discipline can be maintained to make this happen. I would have days with 80 percent accuracy, where I was walking away with only a couple hundred bucks of profit. After I master this, my next post it will be about "Jump in Early, and not Late". ;)
He teaches a lot about risk management, but it’s all probabilities. If you are disciplined and set your stop losses you’ll lose a Max of 5% per losing trade, but every positive trade can be technically infinitely high. So even if your wrong half the time you still won’t be losing much, but you’ll be gaining more than you’re losing. But this is the hard part for everyone, we trade with hope rather than the math - even I am a victim of my own emotion and have learned some hard lessons.
Good job, you're killing it. Last week was almost overwhelming & I remember last time things were hot I jumped too quickly, not completely knowing what I needed to be aware of resistance/support wise. Lost a bunch of money lol. Now, It's following my rules honestly, and not jumping in out of excitement, which is hard. Grew the account last week again, so I'll take it. Consistency is getting better and getting more comfortable with what is working. Good luck this week! Thanks again Ross
Thank you Ross for sharing all of your wisdom and expertise for the community of traders, and being transparent about your results. I am a new trader, and have been enjoying the $19 2 week trial of your platform while I have been studying for the weeks prior. I am headed into week 2 in DTD, and have been trading in a simulator for 6 weeks now. I had my first green week in a cash account of over 1k+ in profits with your educational outlook, and taking profits off the table conservatively. I am looking forward to continuing my education with your videos. Cheers!
Hey ! I use my built in news scanner! You can check out the 2 week trial of the Warrior pro bundle it includes lots of education as well as access to the Live stream with me, chatroom, scanners, news feed, charting and more! www.warriortrading.com/pro-preview-trial/
I figured DRUG will do a offering this week they would be stupid not too so expecting a sell off and then the shorts will jump on don’t really see a continuation on this
Thank you Ross. I'm no expert (yet) but I've been keeping a log of the huge parabolic movers lately and my results say they are happening on Tues, Wed and Fridays with low floaters, lower volume and also with and without news. That's what I've been finding anyway.
Ross, I need your wisdom on 2 things. 1 - I tried to only trade the initial pullbacks after breaking news during PM, I use the 1min and 2min chart for entry since I am on TOS without 10s charts. Are 10s charts crucial for getting good initial entry on the initial squeeze? 2 - when a stock falls below VWAP and curls back up, I know you love to trade those. However, I notice that stocks curling up often touch VWAP and rejects down. How do you know when the VWAP break is going to squeeze up higher? Thanks for any insight you can provide on those!
I'm not sure if Ross will respond, but I trade the micro pullback setup without a 10sec chart consistently, and what I do is wait for the 1min candle to start reclamining the wick from the dip. When I see it reclaim with increasing volume I enter. Also, I check to see if the dip held vwap or the 1min 9ema as well as this usually confirms strength, but that is for an early entry on the squeeze. If you really want to wait for confirmation, you can enter when the next 1min candle breaks the high of the previous candle, but from my experience I prefer to enter earlier so if it does reject I have enough time to react to sell and still make a bit of profit.
watching SGD - nano float, insanely expensive to borrow, and recently ran twice. News is good, so it has the look of being the next big runner. i'll start a small swing position tomorrow.
Ross. If you are trading in your Roth, how do you not have your whole balance in there? Or is this not your Roth? Curious if there is a way to separate some funds for risk management.
Can you please explain what the 200 moving average is. I have joined the 2 week trail, week two this week. Definitely interested in becoming a warrior trader. I've heard you say 200 moving average a lot
I missed the opportunity to triple my account that day on atnf. Was in at 3.22 but when that red candle began to form I took a loss of $9. I just was willing to risk more after a stupid trade I took the week before. So in a way I was proud of myself for the discipline but then really kicking myself afterwards! Moral of the story kick fear out the door with discipline everyday and I won’t have to worry about sticky residue left over from a revenge trade 😂
so when their is resistance wouldn't you buying into it help pass resistance? i understand it's not the ideal scenario but someone has to help push through?
Ross, I appreciate you so very much! You provide so much great information and do it in a clear, thorough easy to understand well rounded system and I learn so much! I’ve watched almost all your videos, read your book, did the two week trial as well as your latest free webinar and I cannot wait to buy your program when budget allows! Soon! I’ve tested out your strategies as well as the 5 pillars on my own and it works like you say!! Sim trading since February any day now I’m going real money! Your tips for confidence boosting really work and I have a calendar (seeing the green boxes all month really makes a huge difference!) and metrics showing my profitability at a consistent monthly 70-80% win! With P/L ratios 3:1 to 5:1. Going real money to sidestep the analysis paralysis thanks to you!
Do you actually say you're taking a position and maybe why when members are "watching over your shoulder" live? I think a "yes" here would really show me the value in paying for your course because I understand the rules, did OK when I first started trading a few months ago before the market got cold, but ended up a little beaten, I guess, trying to trade in the cold market. I need your confidence to boost mine 😁
Listen my man. If U are a beginner, this may not be for you. Ross is a LEGEND Trader! He is legit but the way he trades most can not duplicate. What he tells U is correct! I been checking Ross out since 2017 and I watch him LIVE come on and trade LIVE everyday REAL TIME and turn a $650 account into over 100k in like 3 MONTHS! I didn't even know that was possible until I seen Ross do it live but that doesn't mean you will have that same success. Remember Ross has over 10YEARS in this trading game.
Hey! You can check out the 2 week trial of the Warrior pro bundle it includes lots of education as well as access to the Live stream with me, chatroom, scanners, news feed, charting and more! www.warriortrading.com/pro-preview-trial/
It's under VWAP on all time frames, and has pulled back a bit too far to be interesting. That said, if it could break and hold $2 we might see an interesting move. Also, insiders made some decent size buys in the recent months, so it would seem they believe the stock can hold over $1 and keep compliance. So, I see nothing right now, but it wouldn't be shocking to see it try again in the next week or two.
How and where do you spot stocks with these moves before they take off? I am currently with Robinhood. They have some penny stock price spikes, but nothing close to 2000% in a day. That is insane!
Hi Ross, I'm learning to day trade and I struggle with dealing with halts during this hot market, what should I do, could you talk about it in a video soon? Thanks
Ross, do you have stand alone software that can play back the day tick by tick including the level ii display? It would be so fantastic to practice keystroke for keystroke the buying and selling with microsecond precision. I feel it is the only way I’d rebuild confidence to try with real money again if I could run through a given day as many times as needed to master it.
I've been watching STEC really closely and think it might make a big move soon, if not this week. What are your thoughts about it? Also, I have been making money with TVGN and think it could be heading in the same direction as DRUG.
If you’re looking for a stock to short. Easy choice is WVE moved way too fast to $15, 90m float decline in volume, this is where I am short from 52 week high $15.91.
Have officially blown up my small account 😢. Are there any videos that show how to get into and out of trades… I mean the real life speed of trading? I’m trading the right stocks (the ones at the top of scanners that are between $2 and $10) but I feel like my speed is too slow and I’m trying the grasp it. If hot keys are needed that means speed is needed maybe? Other day I traded the exact same stocks as Ross and while he made $100k I lost money.
I tried trading along Ross with RobinHood using my phone. That was a bad idea. He was up 40K on the day and I lost alot. Tomorrow I'm using interactive brokers tws book trader with hotkeys.
Ok I think U are putting too much pressure on yourself. U can NOT compare yourself to Ross! Ross is a damn Legend Trader! Take it slow and concentrate on 1 or 2 moving stocks and wait for the RIGHT pattern AND volume to get in and use a trailing stop to keep your losses small to keep you in the game longer and remember to take profit on the way up in case a stock quickly reverses against you that way you have a greater chance of still collecting a profit or atleast break even.
I know quick money sounds so tempting, but i learn the hard way after almost being 50% down. It's not because I am a bad trader but the strategy Rose mentions is the riskiest of all. With news and high relative volume brings high volatility and it is easier for a trader to just put a graph from the past and start from the left side and say see here it got long and here it got short. While, when you do it live, it is almost unpredictable. That is the reason why most millionaires do long term investing and put money in ETFs, bonds, and companies that are in the s&p 500. This is guaranteed to increase over time but not as lucrative as day trading which is super high risk following Rose rules. If you still want to do it just go for a cash account of $500 or $1000 and do 1 to 2 trades only with really small gains like $10 to $50 and loss of $5 to $25. If you can't keep up, just go for a safer approach which I mentioned. They only go down in recession but since starting they are guaranteed to increase over long term with almost around 20 to 40% yearly.
