Thank You for your wisdom.and the kind way you present!! Im 60 and I'm starting fresh again! Hopefully, with the help of people like you, I'll get it right this time so that I can retire in 5 years at 65! Wish me Luck! I do believe I can Make it happen!
@kurbol92936 ай бұрын
You are the best, Ross. I love your educational videos. And you are very truthful. Keep it up.
@tmarie20509 ай бұрын
Excellent topic, very well covered!
@OzieRust9 ай бұрын
Indeed, my brou.
@freshjerseyprepper88479 ай бұрын
The Smartest Trading from the Only person who explains things everyone can understand.. and .. it makes sense!!! Thank You for Killing It on Utube Traders Community!!
@butchag13669 ай бұрын
I, too, can’t to this conclusion during the COVID plandemic. Unfortunately I made a huge error which derailed me. However, I am back on track and think your podcast is very timely and a solid reinforcement of this thinking. Thank you!
@DaytradeWarrior9 ай бұрын
You bet, glad you enjoyed!
@deejay48372 ай бұрын
I'm getting anxiety coming back in again. Thank you great video.
@crazyvideos41049 ай бұрын
So basically you’re saying that risky trading Doesn’t work. Cheers for your honesty.
@samanthalaidlaw5950Ай бұрын
Great Vid Ross - thanks! Would LOVE to watch a video about how you manage your trading account regarding taking out profits along the way while still growing the account. Do you take some each week or quarterly drawing etc?
@faruqhasan53969 ай бұрын
I love love love this. Really needed a no bs and incremental mindset change that's simple and I can see the journey as well as the end destination. Thank you my friend for helping me start this process. 🙏
@DominqueTrosen9 ай бұрын
Yes, that's right.
@DominqueTrosen9 ай бұрын
A question: Can you recommend a good AI for trading?
@KatriceCaflisch9 ай бұрын
The most effective AI trading tool is known as
@KatriceCaflisch9 ай бұрын
Gemacollege
@KatriceCaflisch9 ай бұрын
I discovered it through
@ap38859 ай бұрын
The no debt approach is still possible just slower. For example you can still get a mortgage without a credit history if you chose a debt free lifestyle with a Manual Underwriting. Credit Score is just an Automated Underwriting. In the long run the no debt approach will yield you more income since you have no debt payments and purchasing everything in cash but again it’s a slower approach.
@romotov60079 ай бұрын
Hey Ross i think one big thing that needs to be talked about is how taxes are done on trading its stressful to think about, can you please share a little video on it, it would help im sure many of us❤❤
@DaytradeWarrior9 ай бұрын
Ross did a video on that! Taxes for Day Traders Video: kzfaq.info/get/bejne/jbB4mrB13rS8e6M.html
@ThaBigBear9 ай бұрын
Rule #1 be a small cap stock trader in 2020-2021 😂
@tduke5429 ай бұрын
Excellent information! Thank you!
@stanford23485 ай бұрын
🌟Sprinkling concept diamonds like a boss🌟 Thanks Ross 🌠
@SaPipers9 ай бұрын
Appreciated Ross
@PETERETE179 ай бұрын
I love this type of videos Ross! It would be great to see a 9-5 to Day Trader Planning video.
@user703319 ай бұрын
Make sure you have consistent paper trading results and ready
@cindyneal55809 ай бұрын
Yay Ross congrats on over 1 million subs . !!!!
@DaytradeWarrior9 ай бұрын
Thank you Cindy!
@slydon759 ай бұрын
Great info
@soheirabdelkader24129 ай бұрын
Need more details on buying the dip
@borpheousmaximusv39859 ай бұрын
I just found some money and then this vid drops like right after…
@alexandercoll48639 ай бұрын
3:09 ufff that really hit me. i felt more free/happy/healthy in college living off my GI bill housing stipend going to business school than i did making 6 figures in the corporate sector
@DaytradeWarrior9 ай бұрын
Funny how that works sometimes!
@allwedoistwin9 ай бұрын
Thank you
@user-vp9ly7dg6cАй бұрын
tell us what to invest in
@user-tp6rn4tz9r9 ай бұрын
Ross, are you planning on doing a small account challenge again? Would be nice to see how you do in this slow market!
@DaytradeWarrior9 ай бұрын
Possibly!
@user-tp6rn4tz9r9 ай бұрын
@@DaytradeWarrior you should!!! Would give all of us more motivation to keep on trading!
@fins51509 ай бұрын
@@DaytradeWarrior.. small $1000 acct with respective small margin. Trade on Think or Swim (or something common, no extra leverages, I know it's slower). Use maybe use your premarket screener. Just a basic challenge that is an everyday Joe's trading. I've been waiting for Ross to do that for several years (unless I missed). I don't have access to his niche stuff. Never thought his "challenges" were on a level playing field for the challenge. I've always enjoyed the live trading, just don't have the extras for the edge.
@idontknowwhatidontknow9 ай бұрын
Please offer the single tool subscription again! Like just live, or just scanner ! Thanks
@DaytradeWarrior9 ай бұрын
We will have it ready later this month at Warrior. Stay tuned!
@hersheykiss95009 ай бұрын
Ross Ramsey
@rogerward8019 ай бұрын
Also need to factor in inflation as that $5000k/month now will be $6000, $8000, $10k in 10, 20, 30 years
@DaytradeWarrior9 ай бұрын
That's true
@Justinian1699 ай бұрын
I have a bunch of cords of wood to chop rn. lol
@timbankes65569 ай бұрын
Now this is what you call being off brand. Your brand is trading and making quick money. There are plenty of generic one size fits all Dave Ramsey incremental wealth type ppl online. Stick with your special knowledge of being successful traders. That’s your value proposition.
@DaytradeWarrior9 ай бұрын
Thanks for your feedback. I hoped it would be a topic interesting to our subscribers, i could be wrong
@gigibarrett17779 ай бұрын
I picked LIFW like a month ago on moomoo but forgot about moomoo and just saw today it’s up 195% BUT I DONT know how to use the app!! It says 245%. My FIRST TIME picking a stock like this and I can’t even trade😭🤯🤯🤯
@andrestorres31449 ай бұрын
we need the morning show back. ross it's been hard.
@DaytradeWarrior9 ай бұрын
I know I hear you!
@mikeragansr.3409 ай бұрын
If you retire at an early age calculate the purchasing power of $5,000 in 30 or 40 years from now! You would be surprised. $5000 in 30 years would be worth a little over $2,000 due to inflation
@DaytradeWarrior9 ай бұрын
Good point!
@jonnybritnorth79669 ай бұрын
Ross have you tried tick charts. I'm having a blast with them. 34-133 and 300 ticks Put one on a fast volume mover with a 9ema. Tell me what you think. Tet rid of the time value and walla! Algos exposed!
@DaytradeWarrior9 ай бұрын
Not something Ross has tried, glad it's working great for you!
@gigibarrett17779 ай бұрын
I’ve been saying this for the last few days
@DannyOleksy9 ай бұрын
I understand what you are saying and it works 100%… in a perfect world. In reality, rent or mortgage is over $2000 a month itself. Don’t forget about the down payment if you buy a house. How about a car or truck? How about food? how about insurance? How about gas? There is no way that at my age, 22, I can plan to “retire” in 5 years. I don’t even have a truck that can make it from A to B. And I work 60 hours a week and own a business on top of that. Still regardless, what you say makes sense, the reality is it’s not the 1940s anymore, this is 2023 where the state of the economy has destroyed any chance of someone my age making any significant progress towards a successful future given the projection of prices verses stagnant wages.
@FaiThEisTT9 ай бұрын
There is far more opportunity to make, save, and invest money in 2023 than there was in 1940. No excuses.
@bocatcc9 ай бұрын
@@FaiThEisTTthat isn't even what he is talking about. It went right over your head. 🛩
@ArcGlowingVision9 ай бұрын
No question with inflation it is much more challenging for young people to get ahead so the moral is to take the side path. Don't do what everyone is doing, because it's a road to mediocrity (even if it means you have to comprimise). The more you learn about how to make money work for you the less taxing it becomes. Remember it's a marathon not a sprint. Sounds like you have a good head on your shoulders for 22. The earlier you invest the better your retirement portfolio will look. It is 100% possible because despite the current economic forcast there are still volumes of young people progressing financially. You'll get there.
@FaiThEisTT9 ай бұрын
@@bocatcc uh no I responded exactly to what he is talking about, which is that it is harder to get ahead in 2023 than in 1940, which is entirely 100% false. We have more resources for financial success available to us today than we ever did in history. The idea that "the economy" has destroyed any chance of a young person making any significant progress towards a successful future is not true at all. There are a ton of young and middle aged people who are financially successful in the same economy. Try to be more respectful when you have no idea what you are talking about. Even Ross liked my comment.
@bocatcc9 ай бұрын
@FaiThEisTT still over your head 🛩
@janinehepburn10979 ай бұрын
its so hard to earn money these days, bills on bills is so bad
@DaytradeWarrior9 ай бұрын
Not the easiest economy right now that's for sure.
@noulafrantz85893 ай бұрын
@@DaytradeWarrior don't you think the economy would get worst in the future
@L.F.williams-jx4db9 ай бұрын
❤GREAT info, G8T clip, G8T MuSiC, Great Vibe, G8T Coach, GREAT "Everything"❤
@DaytradeWarrior9 ай бұрын
Glad you enjoyed it!
@francofranco33069 ай бұрын
In my situation, i withdrew all my 401k during covid and put half in the index fund and the other half in bitcoin.....im debt free but im working weekends to keep depositing money into the market plus pay my main bills, and spend more time with my kids....Not looking into retiring soon because im 30....
@particles3439 ай бұрын
A lot of these people in thr comments live in cities where the cost of living is astronomical, and yet refuse to move and improvise.
@mass92139 ай бұрын
Bro if it was so easy to “move and improvise” then everyone would do it and the situation would be exactly the same on said places 😂
@mass92139 ай бұрын
In*
@particles3439 ай бұрын
@@mass9213 The comment is for people who are successful in trading and making dividends. You can still own a rental property out of state or in state and live in a smaller town further away where the cost of living is cheaper. Don't make excuses.
@mass92139 ай бұрын
@@particles343you’re out of touch with reality 😂 most people don’t even own the place they currently live in let alone are privileged enough to afford a rental property out of state
@martboring35739 ай бұрын
Does anybody know where to see live pre market charts for free or a cheap price. I currently use Webull but they only show market hours?
@DaytradeWarrior9 ай бұрын
ThinkorSwim has free charting available if you have any account with them, might be worth checking that out.
@Nabsatark9 ай бұрын
Heuuu it’s all good only if your alone when you have a couple of kids , big home and credit cards etc… soo it’s not soo simple has you said
@DaytradeWarrior9 ай бұрын
Circumstances certainly have some influence, all about doing what works best for you and your situation.
@cubbie83309 ай бұрын
Could someone tell me where the x300 comes from? Is that 300 months of retirement, so about 25 years?
@DaytradeWarrior9 ай бұрын
Monthly expenses x300 = amount of mo eg you can draw 4% per year from indefinitely as long as it’s invested in stocks and bonds that return the historical average of 7%
@johncoble40799 ай бұрын
Awesome video Ross. You are now my mentor. Been watching your videos for a little over a month. Is there any way I could send you an email? Not trying to air my story to KZfaq. (I’m not a skammer or asking for money) 😊
@DaytradeWarrior9 ай бұрын
Ross@warriortrading.com
@okkrom9 ай бұрын
So say I need 2k a month. I need to save 600k. Divided by 5years=120k a year. Plus I need 2k a month to live= 144k a year. After taxes. Well...call me stupid, but If I was earning 150k net a year I dont think Id stop that occupation after only 5 years, to go live on less than 20% of that income. The principles discussed are valid but the title is total bs and disappointing click bait.
@DaytradeWarrior9 ай бұрын
I disagree with you here. The whole idea is spending the next 5 years building income from a business so you can free yourself from working a 9-5
@jeff3469 ай бұрын
Unfortunately my burn rate on bills is greater then my 6 days a week income 😭 my only way out is to build up my micro trading account which is incredibly difficult , with having $25k and pdt rule I can only use offshore broker and their commission/fee are just slowly eating me up 😢
@romotov60079 ай бұрын
Etrade brokerage you put in 25k and pdt rule is gone, (found out the hard way)
@johncoble40799 ай бұрын
Why not use cash account? Then you’re not bound by PDT rule. Trade smart, have a system and stick to it. You can do it.
@romotov60079 ай бұрын
@@johncoble4079 found out after lol
@lesstarling98069 ай бұрын
Or you can win the lottery,…. really like this guy but this was silly
@DaytradeWarrior9 ай бұрын
Well yeah you could win the lottery, but why is this silly?
@bocatcc9 ай бұрын
70-80% saved? Most average people pay more them 50% for rent.
@DaytradeWarrior9 ай бұрын
That’s true, that’s why I said trying to save 70-80% creates a sense of scarcity. It really is very difficult.
@benobrien17019 ай бұрын
Love your videos Ross! Are you going to do a class on trades to not take (bad examples and why)?. Just a suggestion, i think it would help a lot of people👍
@DaytradeWarrior9 ай бұрын
That’s a great idea
@wallyg80209 ай бұрын
How much is your course?
@DaytradeWarrior9 ай бұрын
You can see my courses here: www.warriortrading.com/trading-courses/
@ArcGlowingVision9 ай бұрын
Good Strategy regarding purchasing the bulk of the automobile, but taking a loan on the final 20% just to build you credit (outstanding tip). Additionally wating for the proper market cycle to apply for a fixed rate mortgage which will save a home owner litterally tens of $1,000's. !Enjoy your day Ross.
@Mr.Mindset9 ай бұрын
5k a month? Who gets that amount... bs
@DaytradeWarrior9 ай бұрын
60k/yr?
@lesstarling98069 ай бұрын
Again I enjoy your videos, but your numbers are not reality for most people. 750K invested 2500 a month return, that’s great but in order to live off 2500 a month you need to be mortgage free and if you are paying rent where I live a 2 bed goes for over 2k a month…Problem Burn rate agreed Side hustle agreed Save agreed (most family income is less than 90K a year, most have less than 30K in savings today 750K in 5 years?) Invest agreed, but unless you have a decent amount to invest a 5 year plan is a pipe dream Build a business, this one made me laugh, we all know most businesses fail in the first year and can take up to 3 years to profit (maybe) just because you are great at a job does not mean you can run a business. I have been self employed for many years and one has nothing to do with the other. You asked why I thought it was silly, this is why…..5 years is not realistic in any way unless you have a really good head start and I don’t believe those are the people you are talking too. Again I really enjoy your videos!
@lovegxdherself9 ай бұрын
How did you know this was my goal and true dream??
@noulafrantz85893 ай бұрын
Go for it don't wait to be 65 to retired
@kaebifan9 ай бұрын
Ross it’s depletion of money if you live for interest rate adjusted to inflation and not letting your money work for you adjust to inflation. Rather invest in something which will give you above inflation rate at-list 8 to 10 percent which is above inflation rate.
@benchah57639 ай бұрын
Let us all give you our money. You trade for us and we all retire on an island somewhere. You can be our King. Thanks Prince Ross
@DaytradeWarrior9 ай бұрын
Warrior Trading and its representatives, including Ross Cameron, do not provide investment advisory services or financial advice, including personalized investment services, and do not accept funds from customers for that purpose. You can read more about this in our Terms and Conditions on our website here under the heading "Your Responsibility": www.warriortrading.com/disclaimer/
@benchah57639 ай бұрын
I know Ross,,,,,i was kidding.@@DaytradeWarrior
@FXM39 ай бұрын
I use the “side hustle” time to perfect my craft in trading. Trading is the retirement from being a modern day slave. 3:56 Lamborghini Huracan exhaust with a mustang driving was actually funny 😂
@Jp-ui3fw9 ай бұрын
Hey Ross, do u think the market will stay slow because of the economy or is it possible it will pick up, what do u think the stock market will be like in 2024?
@DaytradeWarrior9 ай бұрын
In the next 12mo we have an election which will bring volatility. But we also are dealing with the increased interest rates and inflation. Ultimately I think things will be a bit difficult until we enter the next bull market
@Jp-ui3fw9 ай бұрын
@@DaytradeWarrior Ty
@robertsullivan92329 ай бұрын
Trading is retirement
@DaytradeWarrior9 ай бұрын
Haha you don't work a day in your life, if you love what you do!
@hamlaouiakram50969 ай бұрын
It's realy hard when you make 1 usd per hour Yeah that's true
@Juandinggong9 ай бұрын
Thank you Ross!! Because of your video and teaching I was able to make quick $700 today in half hr!
@DaytradeWarrior9 ай бұрын
Amazing great job!!
@BIGCAT-19859 ай бұрын
Thank you for the advice! Well done as always!
@AlanTrades9 ай бұрын
Thanks Ross. I'm using firewood too, just didn't have to chop it, though I wish I could
@Marc-tg4jg9 ай бұрын
Hey Ross just wanted to say thanks for all your efforts to share you knowledge and help other be financially free
@DaytradeWarrior9 ай бұрын
Of course, happy to share!
@SF-fb6lv9 ай бұрын
Ross, thanks so much for sharing all your ideas and knowledge!
@BASE5NYC9 ай бұрын
Great one as always Ross. Hope this video reaches a broad audience... other than just us regulars that watch you for Warrior. You're an awesome teacher.
@joelee0959 ай бұрын
Awesome video
@DaytradeWarrior9 ай бұрын
Thank you!
@birdguy057619 ай бұрын
This was a great video, I feel so inspired to reach my financial goals. Thank you Ross!
@DaytradeWarrior9 ай бұрын
I’m glad you enjoyed it!
@FernandoG_19819 ай бұрын
First!
@DaytradeWarrior9 ай бұрын
You did it!
@simonhuber68599 ай бұрын
Honestly, if you are a savage and hustle for 12 months straight, journal ever single day to get better and trade 2 hours every day, you can do it in 2.
@DaytradeWarrior9 ай бұрын
Many ways to go about it!
@lucianpadurariu12609 ай бұрын
Hey Ross, amazing content. Can you do a video on trading bots ? Do they really work ? What are the best ones ? Gains ? Settings ? We want to know your opinion on this 😎
@jme63229 ай бұрын
Please do a thorough video on simulator abuse and rewarding bad habits. Many average down and also hold for the curl. The simulator can set folks on an unrealistic course when they go live. It resembles a cell phone app.
@DaytradeWarrior9 ай бұрын
That’s true, simulators can be a crutch if you use them too long. But they do prevent loss with real money in the first months for a beginner
@philiplytle9 ай бұрын
holy cow Ross, this is such a great informational video. this needs to be seen by all current and soon to be graduating high school kids. in fact, im sure there are a lot of people out there that could benefit from this. truly great stuff!
@trapj59839 ай бұрын
Can you sit down with an investor with say 10k cash, and just hand them the money and say make this grow?
@DaytradeWarrior9 ай бұрын
Warrior Trading and its representatives, including Ross Cameron, do not provide investment advisory services or financial advice, including personalized investment services, and do not accept funds from customers for that purpose. You can read more about this in our Terms and Conditions on our website here under the heading "Your Responsibility": www.warriortrading.com/disclaimer/
@TryABaconSlice9 ай бұрын
The best investors in the world are unlikely to average more than ~8% pa. Do the math on how much that 10k can grow in how long. It's respectable but not life changing money in the slightest. The reality is you need to increase your income and increase how much you are able to invest
@trapj59839 ай бұрын
@@TryABaconSlice can your initial investment be in that ballpark? Then you keep adding?
@tradingsimplified81589 ай бұрын
My retirement plan is a tad longer. Two 401ks at job 22,500 each. 45000 a year for the next 30 years. Let’s see how much the snp 500 grows in 30 years
@CScott-wh5yk9 ай бұрын
We’ll always have obligations to do things we don’t want to do 🏄♂️
@DaytradeWarrior9 ай бұрын
That’s right!
@AllAroundAtlanta9 ай бұрын
Lot of knowledge given. I left the Corporate World at 29 years of age. Now at 70 I can say I would not change a I've had my own bu for 43 years and have enjoy the trip. Living on an island in the Philippines these days trading stocks at night.
@DaytradeWarrior9 ай бұрын
Sweet!
@matthewderungs42179 ай бұрын
What to do With a six figure inheratince, I think that would be a good video!
@DaytradeWarrior9 ай бұрын
Thanks for the suggestion!
@j.t.12159 ай бұрын
❤ I need your help. I've devoted my whole life to helping others and find myself at 59 with no retirement saved. I'm watching for a Black Friday special and praying that I will have the guts too invest in learning how to invest. I admire you so much. Love from the Las Vegas area I hope you and your family are doing well. God bless❤
@crystalmoreno31859 ай бұрын
Love this!! Was just having a serious convo with my son who needs direction and shared this video. He wants to be retired already and he’s 19… wants to be a day trader and dip into real-estate so I feel he’ll enjoy the advices!