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

Рет қаралды 1,142,515

Күн бұрын

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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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

Пікірлер: 1 700

@DaytradeWarrior 2 жыл бұрын

@theratrace2153 2 жыл бұрын

where is the brokers list?

@Ram-ht7mq Жыл бұрын

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

@praveenlearn7499 Жыл бұрын

i dont see the broker list

@markburn4943 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Been there before Mark

@darthbrandon2149 3 жыл бұрын

@Mark, You are not alone.

@newpromoshere9141 3 жыл бұрын

for real, take profit, all profit is good

@newpromoshere9141 3 жыл бұрын

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

@AllenandAndy 2 жыл бұрын

Damn this hits close to home

@DjRadRod 4 жыл бұрын

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 жыл бұрын

right on man, study study study@!

@danfet4141 3 жыл бұрын

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 3 жыл бұрын

Thanks a lot Dan!

@jameslawler1480 Жыл бұрын

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 Жыл бұрын

Thanks for the comment!

@savannaliwanu2054 Жыл бұрын

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 Жыл бұрын

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

@FeshDCore 3 жыл бұрын

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 жыл бұрын

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

@FeshDCore 3 жыл бұрын

@@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 жыл бұрын

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

@grth3929 2 жыл бұрын

@@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.

@anacrosby8951 4 жыл бұрын

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 жыл бұрын

Congrats, that's great! Thanks for sharing.

@irriwick Жыл бұрын

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 Жыл бұрын

You bet, happy to share!

@candywilliams893 3 жыл бұрын

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..

@MarcosWanlessyoutube 3 жыл бұрын

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 жыл бұрын

Thanks Marcos!!

@Nouveau0 3 жыл бұрын

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

@TheSilentpulse 3 жыл бұрын

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

@delviraanadeoliveira1751 2 жыл бұрын

@RobHavemeyer 4 жыл бұрын

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 жыл бұрын

That's right! Thanks for sharing Rob!

@darthbrandon2149 3 жыл бұрын

@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. 🤔

@michaelw7800 3 жыл бұрын

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

@bulltraderpt 4 жыл бұрын

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 3 жыл бұрын

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 3 жыл бұрын

🤓👍

@darthbrandon2149 3 жыл бұрын

@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 жыл бұрын

Warrior Trading I made 4600 from $40 🙂

@3statesnetllc 3 жыл бұрын

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 жыл бұрын

Those are some great rules, thanks for sharing!

@michaelw7800 3 жыл бұрын

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

@dennisrodriguez3689 4 жыл бұрын

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 жыл бұрын

in this market? how?!

@DaytradeWarrior 4 жыл бұрын

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 жыл бұрын

@@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 жыл бұрын

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

@lchmiami2844 4 жыл бұрын

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

@GBRbaptist 4 жыл бұрын

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 жыл бұрын

Thanks Javan!

@hugavet3049 2 жыл бұрын

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 жыл бұрын

Sorry to hear that!

@laurenjohnson8530 3 жыл бұрын

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.

@ninjake3 4 жыл бұрын

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 жыл бұрын

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!

@bama_b3019 3 жыл бұрын

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

@DaytradeWarrior 3 жыл бұрын

Thanks for watching!

@sis6483 3 жыл бұрын

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 :)

@willdennis3060 3 жыл бұрын

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 KZfaq!

@DaytradeWarrior 3 жыл бұрын

I appreciate that, thank you!!

@DavidBadilloMusic 4 жыл бұрын

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.

@MatthewWalker_93_ 4 жыл бұрын

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 жыл бұрын

That last part is extremely important to remember.

@xboomcazoox 4 жыл бұрын

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 жыл бұрын

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

@xak22 4 жыл бұрын

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 жыл бұрын

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

@BrentGoodale 4 жыл бұрын

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 жыл бұрын

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

@kjc9trader491 4 жыл бұрын

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

@Tom-ih5rz Жыл бұрын

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

@DaytradeWarrior Жыл бұрын

You're welcome Tom!

@mtmsxp 4 жыл бұрын

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 жыл бұрын

Good for you! Keep it up!

@healanihorswill6727 4 жыл бұрын

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

@mtmsxp 4 жыл бұрын

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

@pseitradingmemes7203 4 жыл бұрын

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 жыл бұрын

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

@Bottlesbybigd 4 жыл бұрын

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 жыл бұрын

You're welcome David!!

@davidobjio7637 4 жыл бұрын

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 жыл бұрын

I'm happy to hear that!

@jerrykicklighter6716 3 жыл бұрын

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

@eskoo8396 3 жыл бұрын

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

@DaytradeWarrior 3 жыл бұрын

👍😂

@Hopscotch_24 3 жыл бұрын

Active listening. I love it.

@ahmadus6667 2 жыл бұрын

You didn't understand nothing I believe lol

@BialyOrzel777 4 жыл бұрын

#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 жыл бұрын

Yep, we've all been there.

@zacharyhoyu4875 3 жыл бұрын

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 жыл бұрын

👍🤓

@eltonreeves8477 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Keep at it Elton, it's a process!

@only2asim 3 жыл бұрын

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

@robertsorensenhomeofthefid171 2 жыл бұрын

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 жыл бұрын

You're welcome Robert!

@nmczvRani 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

yeah that sounds about right!

@Big-Wonka 4 жыл бұрын

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

@michaelw7800 3 жыл бұрын

Yeah, good get, yeah

@Worldpeaceforeverremains 3 жыл бұрын

$ure.

@marcushayhurst5141 3 жыл бұрын

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

@hugavet3049 4 жыл бұрын

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 жыл бұрын

right on!

@JWW10666 3 жыл бұрын

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 3 жыл бұрын

That's very true!

@sahabiyaa 3 жыл бұрын

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 жыл бұрын

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 жыл бұрын

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 жыл бұрын

Wow nice job!

@dreamsdicc1817 3 жыл бұрын

Now put it into amc and hold for your life

@ezejau757 3 жыл бұрын

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 жыл бұрын

You're welcome!

@RPHowe 4 жыл бұрын

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 жыл бұрын

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.

@CelticsWin7 4 жыл бұрын

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 жыл бұрын

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

@leannabedore 4 жыл бұрын

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 жыл бұрын

It's my pleasure Ambrosia!

@joeycarpeal 3 жыл бұрын

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

@DaytradeWarrior 3 жыл бұрын

👍🤓

@sheldonrobinson4062 4 жыл бұрын

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 жыл бұрын

Love to hear it, glad I could help!

@KingMK31 4 жыл бұрын

Taking in the advice like a sponge! THANKS

@DaytradeWarrior 4 жыл бұрын

Love to hear it, happy to share!

@dylanmichaels4716 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Thank you!!

@danielhansen3690 4 жыл бұрын

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

@blombardo83 4 жыл бұрын

Agreed!!!

@matthew2531 4 жыл бұрын

@@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 жыл бұрын

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

@evushka25 4 жыл бұрын

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 жыл бұрын

very good!!

@elyasunshine 4 жыл бұрын

Priver

@evushka25 4 жыл бұрын

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

@Andrew1995G 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Awesome Andrew! Glad the videos help!

@jadehiggins2790 2 жыл бұрын

How's it going one year on

@michaelw7800 3 жыл бұрын

I have a Finance degree, and bringing this degree to day trading I will make so much ....ummmm ....losses. Luckily I’m what’s called risk averse, so not willing to jump headlong into day trading until I learn the necessary steps Russ details here and in his other amazing videos. I plan to learn this system thoroughly and trade the simulator until my clicking fingers turn blue. I cannot wait to begin - I’m itching to make my first trade in the TOS simulator. Wish me luck!!

@jackfairweather5300 3 жыл бұрын

The worst part is, once you get a strategy down, then you have to learn the discipline to actually do it. Two masters degrees, phd candidate, 10 years in the Marine Corps...and the discipline is still the hardest part. LOL

@michaelw7800 3 жыл бұрын

Jack Fairweather thanks for your service. And, thanks for that insight. I will make this happen for me. It won’t be easy, and it may not be pretty, and I’m ready. Best of luck to you and everyone trying their best.

@DaytradeWarrior 3 жыл бұрын

Good luck Michael!

@BAMBICOMINTOKILLYOU 3 жыл бұрын

Xxx

@mommybrown4926 3 жыл бұрын

Michael W w

@modan999 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Thanks for watching!

@brandonlurssen1751 3 жыл бұрын

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

@jasonfox8979 4 жыл бұрын

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

@oldschooladkwhitetails215 4 жыл бұрын

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 жыл бұрын

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!

@garbacciojp 4 жыл бұрын

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 жыл бұрын

Awesome! Thank you!

@MrChan223 4 жыл бұрын

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 жыл бұрын

Appreciate that Channing!

@mememen255 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Thank you!

@leonelperez5359 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

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 жыл бұрын

@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.

@mpereira815 4 жыл бұрын

After having a self inflicted loss 13K, today, with NNVC and being a Pro-warrior member, this is really a wake up call for me, for all the things i have not done. "Mea culpa". Need to reevaluate all I've been doing...or haven't, for that matter. Shame on me!!! :(

@DaytradeWarrior 4 жыл бұрын

I'm sorry to hear that Mauricio, check out these blog posts that were written about trader emotion: www.warriortrading.com/3-tips-on-how-to-manage-risk-like-pro/ www.warriortrading.com/key-importance-selective/ www.warriortrading.com/breaking-bad-trading-habits/ www.warriortrading.com/breaking-out-of-comfort-zone/ www.warriortrading.com/4-important-tips-dealing-trading-stress/

@seanbaker2577 4 жыл бұрын

That's part of the game unfortunately... If everyone didn't have a loss than nobody would be successful.

@ShanyGolan 4 жыл бұрын

Core issues from traders: 1. Not cutting loses fast 2. Believe in a stock 3. Multi trade, riding same stock 4. Shorting during squeezes

@DaytradeWarrior 4 жыл бұрын

YES totally! You are definitely right there. Believing in a stock is a big one. You have to approach from the view point that they will not succeed, so you manage risk vs manage greed.

@ShanyGolan 4 жыл бұрын

Warrior Trading thank you 👍🏻 during a trade it’s easy to lose sight of core beliefs due to greed and “luck”. It’s better to be afraid than to be always right (and crash due to)

@captaincannabis3321 4 жыл бұрын

My biggest issue is with cutting losses. If you find yourself praying for the price to turn around, then you need to just get out. Even though i know this, i still find my saying praying very often.

@ShanyGolan 4 жыл бұрын

Captain Cannabis because you believe the stock (emotion).

@captaincannabis3321 4 жыл бұрын

@@ShanyGolan Its not that in my case, i trade options on a small handful of stocks and indexes solely based on their liquidity and volatility. I could care less what happens with them, my issue is that i believed too much in my entry. Rather than saying "okay i was wrong time to get out" i say "no im right, this is just a minor dip, it will go back up".

@nepatriots77 4 жыл бұрын

I disagree with not jumping in. Managing emotions is such a huge part of becoming a profitable trader that someone who's been very profitable paper trading could get blown up with real money

@DaytradeWarrior 4 жыл бұрын

Such an important skill to master!

@Bevoatx29 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

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 жыл бұрын

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

@KP_XRP 4 жыл бұрын

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 жыл бұрын

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

@darthbrandon2149 3 жыл бұрын

@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.

@ulfbuddensieck8905 2 жыл бұрын

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 2 жыл бұрын

Glad we could share! Thanks for watching!

@howtoelijah2205 Жыл бұрын

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

@rayjay6862 4 жыл бұрын

practice makes perfect PAPER TRADING account.. im going to crush it BECAUSE I will MASTER with P.T.A. before I try with cash. most people are looking for these hot tips or stocks, it will be great when I get started here in couple weeks. waiting for insurance settlement... Getting my paper acct. ASAP im on my 3rd 100 pg. journal. also I am an entrepreneur.. and I wont quit till I got this.

@DaytradeWarrior 4 жыл бұрын

Great to hear about your enthusiasm! We're excited to have you get started with paper trading. The best way for you to learn more about Warrior Trading and how you can get started would be to join us in the next live Warrior Trading webinar. It's free to sign up and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for attending! Sign up here: webinar.warriortrading.com/signup

@mokebang7526 3 жыл бұрын

Enjoyed this video. Thank you for the motivation.

@destinybaldwin1860 2 жыл бұрын

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

@DaytradeWarrior 2 жыл бұрын

Thanks for watching!

@julianschmidt4905 4 жыл бұрын

You are the most inspiring guy on YT, my man! You are very honest and what you say always makes sense! I made a lot of money at the beginning (70k in one month with overnight trading) and lost it all, because didn't know what I was doing. Since than I used the demo account and worked on my strategy. Now (after 6 monthy of trading) i'm getting started. This time with knowledge!

@DaytradeWarrior 4 жыл бұрын

Appreciate it Julian, happy to share!

@hplovecraftmacncheese Жыл бұрын

Throughout my life, one of the rarest qualities that I've seen in people is a willingness to really listen to those who have expertise and try to learn from them. I think this could be the main reason why so many people who could be successful aren't.

@DaytradeWarrior Жыл бұрын

Good point, thanks for the comment.

@ZsaZsaWorld 4 жыл бұрын

Dudeeee THANK YOU!!!

@seanbaker2577 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Love to hear that, thanks for sharing!

@_Phyro 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Thank you!

@lindanormsmedrano7834 4 жыл бұрын

I've been trading without any kind of knowkedge at all thru Charles Schwab. I only trade penny stock. I get excited when i make 200.00 profit.. then i research other companies andd buy 300.00 the most... i make 35% profit but I have lost 30%. In one trade but i am glad I found you before I blow it with larger amounts. Thank you for existing! I'll follow you as of today,I'm your number one fan....🙋‍♀️❤

@DaytradeWarrior 4 жыл бұрын

We'd love to help you take your trading to the next level! 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/

@lindanormsmedrano7834 4 жыл бұрын

@@DaytradeWarrior Thank you so much I will sign up immediately,you're awesome!🙋‍♀️

@darthbrandon2149 3 жыл бұрын

Ross, After blowing up my account last Friday ... again ... I decided to go back to square one and watch some of your older videos. Thanks for making this one to remind me of everything I am doing wrong. Back into the simulator I go....

@DaytradeWarrior 3 жыл бұрын

The best way for you to learn more about how you can turn your trading around 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/

@darthbrandon2149 3 жыл бұрын

@@DaytradeWarrior Thank you for your concern, my friend. I already know what I need to do. 1. I must force myself to trade in positions that I can afford. CMEG gives me 6x margin, and I over-extend myself into bad trades. I must limit myself to 100-300 share positions. 2. When I take a loss, I MUST stop trading. I cannot "trade my way back" every time, but I try anyway. That causes me to take larger positions, trying to "make up the loss" on the next trade. Basically, I am gambling, rather than following your strategy. 3. I have to find something to do at 10:30 am eastern to give myself a hard stop, whether I am up or down. My account blow ups always happen after 10:30 am. As always, thank you for everything you do. You are a good man.

@echodelta_9315 4 жыл бұрын

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 жыл бұрын

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

@joseluisroma3378 4 жыл бұрын

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 жыл бұрын

right on!

@javiermanzo6603 4 жыл бұрын

Psychologically scaling up is difficult because we were used to a certain SL or TP. If we approached based off of percentages and did not see the profit as in dollars maybe scaling up would be easier.

@DaytradeWarrior 4 жыл бұрын

Good point!

@stockdi9017 2 жыл бұрын

I re-watch this video over and over many times. A very good education.

@DaytradeWarrior 2 жыл бұрын

Great to hear that!

@alexanderpak9810 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Happy to help! Thanks for the feedback!

@HBGarageyoutube 4 жыл бұрын

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

@DaytradeWarrior 4 жыл бұрын

Right on man!

@wayneharvey6773 3 жыл бұрын

Ross this could be a good video to watch back after the start of this year to help the MOJO come back mate.

@perjian1697 3 жыл бұрын

Thanks for sharing!! I'm new to trading. I bought in on NIO at $3.40. I'm really happy about that. LoL.

@DaytradeWarrior 3 жыл бұрын

You're welcome!

@siddigasim563 4 жыл бұрын

The 1st Reason 2:50 2nd Reason 7:33 3rd Reason 9:37 4th Reason 13:41 5th Reason 18:45

@DaytradeWarrior 4 жыл бұрын

👍

@TRIITR 3 жыл бұрын

What laptop set up do you have?

@sgnillat 3 жыл бұрын

Edit: this guy is legit. I have not the deleted my original comment for context. (Original comment) : We need to see your trading history. If everything you say is true, that should not be a problem.

@terenc3308 3 жыл бұрын

Go to warrior trading they have the broker statements

@sgnillat 3 жыл бұрын

@@terenc3308 oh shoot! They do?? Will do.

@sgnillat 3 жыл бұрын

Oh wow!! This guy is actually legit.

@DaytradeWarrior 3 жыл бұрын

I post all of my brokerage statements on the Warrior Trading website: warriortrading.com

@tyberious3023 2 жыл бұрын

The pilot analogy was my favorite haha

@DaytradeWarrior 2 жыл бұрын

👍😂

@lbjohns1234 4 жыл бұрын

Hey bud, thanks for sharing this video. It's put alot of things in perspective for me. Ill admit, I've made every one of these mistakes and I just started trading about a month ago. I'd love to become a member and will be joining soon. Looking forward to the journey!

@DaytradeWarrior 4 жыл бұрын

You're welcome John!

@TheJohnDonuts 3 жыл бұрын

Reason #1, they aren't YOLOing weeklies on TESLA and printing tendies.

@DaytradeWarrior 3 жыл бұрын

👍🤓

@AthosEric 4 жыл бұрын

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 жыл бұрын

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

@AthosEric 4 жыл бұрын

@@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 жыл бұрын

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

@kevinvanwijk2417 2 жыл бұрын

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

@DaytradeWarrior 2 жыл бұрын

You're welcome Kevin!

@AmaretteArnold 4 жыл бұрын

I'm just finishing up your book, and starting to make a set of rules and a detailed strategy for myself. Yesterday, I decided to trade with real money before I was fully ready and just went in Willy nilly without my risk management in place and before getting my account transferred from Robinhood to TradeStation. I lost $700. That is more than I've made in my long term investments over the last few months. LESSON LEARNED. The simulator will be seeing more of me before I go back to the real market!

@DaytradeWarrior 4 жыл бұрын

Yes, the simulator is where you should definitely trade until you have a proven strategy.

@AmaretteArnold 4 жыл бұрын

@@DaytradeWarrior Thankfully, I could afford to lose so much with what I had to start with, but it hurt a lot. It definitely hurt enough to teach me the lesson that I can lose big money fast.

@mattbrubaker469 3 жыл бұрын

My strategy is buy high, sell low

@katjab2718 3 жыл бұрын

A good one

@mattbrubaker469 3 жыл бұрын

@@katjab2718 %97 success rate with it

@cyruswilliams2059 3 жыл бұрын

Nemelqajajawhagqanaksjwb-km seee MLKlxkdecwhaiaujwmwmwnebns ah

@owenmartz1298 3 жыл бұрын

Brilliant

@mattbrubaker469 3 жыл бұрын

@@owenmartz1298 it works, hardly fails

@otcisthepoormansoptions7225 3 жыл бұрын

Hey warrior ive been watching you for awhile, your the BEST , Im longterm IPNFF, an augmented reality company sinking their teeth into pro sports , looking to take a big chunk of that AR money ,they want to be the leaders of bringing AR to the mainstream, any thought? ive done tons of DD and im excited!!!

@DaytradeWarrior 3 жыл бұрын

I'll have to take a look, thanks for sharing!

@johnl8708 3 жыл бұрын

Thank you for your advice. It’s a little too late for me to stumble upon ur video. Down 30k in 2 months and now I’ve found your video. Thank you for taking your time to make this video for dummies like me. 😂😂

@DaytradeWarrior 3 жыл бұрын

You're welcome John!

@Oniphius1 4 жыл бұрын

#6 FOMO. That got me this week and I made a really dumb trade and cost me $3000. I still finished the week green so thats good but it messed up my thought process. So I decided to take off friday and not trade and then go back to watching videos and learning more. Looking back at my strategy and seeing what I did wrong to get me in that spot so I dont make that mistake again.

@DaytradeWarrior 4 жыл бұрын

Way to step away and give yourself a break!

@Dreamangelz18 4 жыл бұрын

I wish your course was more affordable. I been wanting to take it for so long.

@DaytradeWarrior 4 жыл бұрын

Hey Lulu, we are running a flash sale now of our New Years offer, email into us and we'll help you with that and get you some free resources!

@10yearsago68 4 жыл бұрын

You might be too young to understand his sales pitches

@Dreamangelz18 4 жыл бұрын

Ten years ago. What do you mean?

@10yearsago68 4 жыл бұрын

Lulu Inoa, he puts unaffordable prices on his courses to make you think they’re valued a ton, then puts crazy 40% off sales

@10yearsago68 4 жыл бұрын

Lulu Inoa Because you said it was too expensive he offered to lower the price. 🙂

@Kanendd 4 жыл бұрын

Tough week this passed, none of my bounce plays worked out. Cheers to a better week Ross. 🍻👊

@DaytradeWarrior 4 жыл бұрын

Sometimes that's how it goes, just have to live to trade another day.

@mannyman1012 4 жыл бұрын

As the crypto investors say...time to hodl

@georgetomlin7599 4 жыл бұрын

Got your book from the webinar and AMAZON. Going to start practicing soon as soon as the laptop is bought. Found some laptops in the local pawnshop to start with and refurbished/like new monitors on amazon as well. I figure they’ll work til they’re dead and by then can get new or get them repaired. Definitely gonna join warrior trading!

@DaytradeWarrior 4 жыл бұрын

Hey! Right on George! Thank you!! Hope to see you in the community