How to Cut Losers Faster
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- Опубліковано 1 лис 2022
- Special Episode Download- warrior.app/holding-losing-tr...
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Warrior Trading // Ross Cameron // Day Trade Warrior - Розваги
This may be the single most important video for me to watch 3-5 times in my learning. Genuinely, this is such an important concept.
A big growth milestone for me this week was to stop out at the level I decided before taking a position. It has buttressed my P&L and now my account is growing. The first two weeks of trading I let my losers run. They took 17% ($26) of my account. Fortunately, I am learning with a small sum. But the value of using real money over simulated is worth the fee. And the value of closing a losing trade early is even better.
As a follow up, I have 18 winning trades and 9 losing trades. Two of those nine trades accounted for a 17% drawdown. Had I stopped them out....I would in the green. That said, letting them go allowed me to gain the experience of a drawdown without losing a sizeable amount of money.
I have to re-listen to this often, so don't ever remove it. Please. Today I held on WAY too long and lost my whole weeks plus, because of it. Thanks Coach.
Ive been there I know it!
Download it , I have
Special Episode Download warrior.app/holding-losing-trades-video-lesson
I trade cash only and I have a relatively small account, so I definitely struggle with getting out of losing trades because I can't stand the thought of tying up capital for 2 or 3 days on what turns out to be a losing trade. So the hope is that the stock will rebound, but naturally when it doesn't I end up losing even more on the trade. I need to get out of that mindset! Thanks for the insight!🙂
Thanks for sharing!
I really love your videos man, you've helped me a lot
Glad to hear it!
Thank you for the lesson!
You're welcome!
Long time Warrior Pro member: this video was awesome, your best ever!
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I've always learned a lot from Ross' videos, BUT, I wish he would say, more often:
"I made 15¢ on that trade" instead of saying "I made $32,000.00 on that trade".
This would be so much easier to identify with for the average viewer.
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Thanks for the videos. Great advice.
You're welcome!
Great stuff as always, Ross!
Thank you!
Great info, this is very helpful. Thank you!!!
You bet!
great video, thanks man!
You're welcome Tommy!
hey ross its Jack Pea. Just wanted to say i loved this episode and please release the one on holding winners longer!!
Thank you Jack!
As always, you are giving great info and insights. I ❤ it!
Happy to help!
Your videos are always right on time for what I'm dealing with 😄
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Thanks Ross this helps
You're welcome!
Thank you Ross!
You're welcome Esteban!
Thanks Ross, great video; I love the Saab 900 in the background; I sure do miss mine, can't believe they're gone
Those were great cars!!
The best day trading mentor, ever. Great video. Deserve to watch a dozen of times, truly.
Glad you enjoyed it!
You are awesome. Thank you again. I love your videos 🙂
Edit: And one of my favorite albums is on your shirt.
Awesome! Thank you!
Thank you
You're welcome Haley!
Thank you very much you the best Trader
You're welcome!!
Hi
Thanks Ross,
You are the best, ruthlessly cutting the losers and holding on to winners,
The Holy Grail of Trading,😊
Thank you again for everything you do!!!
You're welcome Danay!
Been waiting for this video and I didn't even know it. Hit at the right time. And the pineapple shirt hitting too Ross 🤪
🤓👍
Ty ty 🙏🏽
Thanks for watching!
👍Thank you Ross!
You bet!
Thx. Glad to see that my foundation is on point :)
You're welcome!
@@DaytradeWarrior hey the reality for me is that the gains are really quite small :/ in terms of time. swing trade has made me more money and $15 per hour even pays more than day trading. thats even if u trade with a 10k account
Thanks for all the information!
I have a question what kind of order is the best to get out of the trade quick to cut losses
Thanks for the comment!
Great lesson thank you my question is.. what is ctrl Z do is it flatten now, sell at mkt sell at ask? trying to understand the best choice to dump when you see it stalling or may turn south to keep losses small?
Thanks
You're welcome!
Been trading for almost a year, just keep making this mistake again and again.
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I’m not sure why I haven’t subscribed sooner bro, but all your videos make sense . Im a breakeven trader trading 1:2 , at 30 % win rate . See my pro is I tried cutting my losses short twice just to watch it never hit my stop loss and go right into profit . When I attempted this I had drawn 50 % of my stop loss where if it retraced that far back I’d get out. Just didn’t feel good watching it go right in profit . Any idea on this please ?
Im still paper trading. Yesterday I had my first dark red day. I made 1000 dollars into 7000 (by trading futures) within the week. So yesterday I blew my trades by just doing what you are talking about here: holding the losers in hoping it will go up again. Thanks for this eye opening video!
Happy to help!
stellar video
Glad you enjoyed!
Ross the Boss strikes again!
👍😂
Excellent video
Thank you!
How do you get in and out so quick ? you mentioned you are using hot keys ? how do you enter position seize ? thank you for an answer
Ross has his hotkeys set to 3000 shares, he will just hit that hotkey multiple times to get to his full position size.
Another mistake is when you buy 2000 shares instead of 200 shares, way big loss that happened to me today
What ticker?
Sorry to hear that, always a bummer when that happens.
Knocking on 1 million's door
So close!
Knocking on 1,000s door
3:12 is when it starts... you are welcome😏
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Love the background music at the beginning.Who is it?
It almost sounds like Richard Thompson doing an acoustic intro to 1952 Vincent black lightning.
Oh. Excellent video 👍
I could really use a good video on scaling too.
✌️☮️
Already made one! ua-cam.com/video/-N1qf9G3k5c/v-deo.html
Of course you did! You're the best 🥰
Can you please tell me what program do you use to do daily trading thank you
Ross uses Lightspeed for his broker and eSignal for charting. He also uses our Warrior Trading scanners, which are available to all of our members. You can learn more about them below:
Lightspeed: www.warriortrading.com/lightspeed-trading-review/
eSignal: www.warriortrading.com/esignal-review/
Warrior Trading Scanners: www.warriortrading.com/scanners/
Thank you
question my broker have the option to close market and limir order wich one do recomend me to close better ?
Enyol, Ross uses limit orders when he trades, you can learn more here: www.warriortrading.com/day-trading/
Which link is the link for the video you referenced at the end of the video?
here you go! warrior.app/holding-losing-trades-video-lesson
@@DaytradeWarrior Thank you! You continue to be so helpful! I appreciate you!
How small amout of stocks can you buy
Which laptop you use for trading?
A Lenova gaming laptop. Gaming laptops are recommended for trading because of the power needed to run all of the software.
How about stop losses when shares of a $10 stock at 2 cent stop is relevant to a stock of $500 of $20 cent stop ? Can you elaborate because if I'm in a good position why not have just a 2 cent trailing stop from the begining of my position risk 2 to win 20?
Thats Knowxledge!!!!!!!!!🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
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Hey so is there really and sweet time for trading? Or is it optional for the morning ,afternoon, midnight?
The optimal time depends entirely on your strategy. Ross's strategy works extremely well in the premarket.
Do you have a discord or some class I can join you in?
Hey Adam, We do offer courses on the Warrior Trading website: www.warriortrading.com/trading-courses/
Hello warrior trading, I have been a fan for a long time and really want to start doing stocks but I would like too know what app or platform I should start on because I won't be doing a lot of training each day like you do but I also don't want to pay the $100-300 a month just to be able to play with stocks starting off. I would really appreciate any advice you might have. I have heard some bad news about Robin Hood so I hope that is not your pick. Thank you for your time bro 👍
You can learn more about the brokers we use here: support.warriortrading.com/support/solutions/articles/19000045045-broker-recommendations-us-international
When you run a hot key on a bid is that considering a market buy order? Dont you get get filled in a bad spot on market orders if its limit how do you set a price in time ?
Ross will offset the order with a limit price .05 cents below the bid, this will make sure he doesn't a super bad fill.
This may have been asked before, but what’s a good day trading app accessible to those without a computer and allows for marginal investing.
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13:18 front side of the move
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You are as a day treading, how day trading help company growthing?
Day traders will exit their positions the same day so it doesn't have a long term impact on the stock
HI Ross, I love your channel
Awesome! We have many international members trading with us, and we teach a range of trading strategies that cover all different times of day. The only limitation to making a living trading the market is your internet connection since all our content and education is streamed or recorded to be viewed later.
I do day trading from Canada with the help of Felix.
He’s available on telegram
We want a class how to sustain, how to keep profit in a trade?
If you haven't had a chance to attend yet, one of the best ways to learn Ross' thoughts on that would be to join us in the next Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
Stuck within pdt. Would you say trade $3000 only 3 times or split within 3 apps $1000 to trade 9 times to be best? Thoughts?
If you haven't had a chance to attend yet, one of the best ways to learn more on this would be to join us in our next day trading class. The class 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/
🌟🌟🌟 Gold 🌟🌟🌟
The real question is when a trade becomes a loser and at what point do you realize and admit that? Many times by the time I realize it is losing and not just a bit of pulling back it is already late. So how do you know WHEN to pull the trigger?
Ross talks about this and much more during his live webinars. www.warriortrading.com/free-day-trading-class/
I would say trading small (20% and less) until your a pro, solves many problems like controlling the fear of losing n it keeps any losses low as well, even if your not a good loser yet. 🎉🎉🎉
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Small acc challeng???
Thanks for the suggestion!
Can’t wait for another small account challenge. it would be amazing
what if as soon as u buy, it goes below u
If you haven't had a chance to attend yet, one of the best ways to learn how to get started with trading would be to join us in the next Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
Can Someone explain please….when Ross says I use shift to sell shares quickly
What type of order is being used while he is bailing out?
Ross uses limit orders with offsets
I for some reason find the vary top. then it goes down almost 80% of the time. I joined the 2 week trial to watch you trade see when you get in and out but on you tube in the past 2 months there has been nothing its been slow . so I joined your 2 week trial to watch you but there is no video like youtube
Please reach out to team@warriortrading.com or warrior.app/contact to learn how to access the stream!
🔥🔥
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I averaged down on ROKU in the AH tonite. 😞
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Hey, I purchased the program a few years ago and I just received $139. What is that for exactly?
Please reach out to our support staff and they'll be more than happy to answer your question. team@warriortrading.com
teacher
Thanks for the comment!
Big account challenge over$10
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What happens if you put in for 3000 share but they only have 2000?
Kevin, you would get a partial fill.
Do you have a discord channel :)
We have our own chat room software that is suited to the needs of our traders! If you haven't had a chance to attend yet, one of the best ways to learn how to get started with trading would be to join us in our next day trading class. The class 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/
@@DaytradeWarrior Thanks!!
PDT makes me hold too long 😡. I don't mind a loss, but to lose a dollar and a trade makes my blood boil! 🤣
It can be frustrating for sure!
Don't forget to smash that like button!!!👍👍👍👍👍👍
Thanks for the support!
999k subscribers
We're so close!
You wouldn’t ask a surgeon: “ how can I get rich with a quick surgery?. But in the complicated business of trading, you will find people asking how to get rich with a quick trade.
True!
Anyone can recommend a trading platform for day trading that doesn’t have a annual net income requirement of $40k-$49k and caters to non us citizens. If it has a minimum deposit amt that’s no problem. Thanks in advance
These are two offshore brokers that people in our community or our educators have used that you can research.
For accounts under $25,000 (as little as $500), you can take a look at CME Group (US and all international residents except Canada).
CME Group review: www.warriortrading.com/capital-markets-elite-group-review/
CME Group website: cmelitegroup.com
For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA except Canadians:
TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/
TradeZero website: tradezero.co/
TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ (Keep in mind that participation in a Broker Rebate Program is not required to trade or to be a member of our community. Rather, they can be an opportunity to receive discounted commission rates if any of these brokerages are a good fit for you.)
This article can be a helpful resource for exploring your options for day trading with less than $25k! www.warriortrading.com/how-to-day-trade-without-25k/
@@DaytradeWarrior Awesome! Much appreciated. Very quick response! 🙏🏾 Keep up the great videos.
@@DaytradeWarrior Already got my account opened with CMEG! Thank you!!!!!!!!
Don't let pineapples distract you from your trading. 😆
Lol will do!
Is the broker TradeXN shady?
I’ve never even heard of them
I'm a looser... 😅
I'm financially advantaged, thank you Jesus, $32,000 weekly profit, no matter how bad the economy is.
She is a licensed broker here in the United States
She is a licensed broker here in the United States
Half finished / illiterate bot 🤖 comment 😂
You can't beat this game with only 66% winners, you need minimum 85% winners. You are "guessing" at trades, sorry, your trades are not high priority trades, if they were your winning percentage would be 85%.. You can't beat this game by guessing trades ESPECIALLY if you are scalping. Since you're such a successful trader I'd like to see you trade live from market open for a period of 30 days.. bet you don't except.
Your name says it all
Depends on your profit loss ratio!
Banger.
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Thank you