3 FACTS on Why Beginner Traders LOSE MONEY 🫠
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- Опубліковано 24 вер 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior
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Ross which broker are you using for the small account?
@@RealityExposedChannelHe says it's CMEG.
Thank you Ross for this. I was always trying to make my own from scratch and this helps me see what others have come to in their endeavours!
Thanks, I'm going to Print this Worksheet Out, Nice!!
Thank you for the worksheets.
Therefore PROVING that the PDT rule DOES NOT HELP traders not lose money trading stocks. IT HINDERS THEM with UNNECESSARY PRESSURE causing traders to make MORE MISTAKES RESULTING IN LOSSES!
Yea I definitely fell that way too. It's like the pdt rule is to keep the poor out, kinda like a wall. Not many would risk that much to try trading.
couldn’t agree more. i just fell under 25k and the pressure to get back above it is so real. makes you sit on your hands while you watch a stock go up because you’re afraid of falling further.
Right , i just ended up switching to a cash account for this reason
❤
Interesting perspective…perspective noted
I blew up a few accounts just starting. Then i finally took it slow and aimed for small gains. Took me 5 months to get to $25,000 from $800
amazing!
What platform do you use to find stocks to trade?
What platform do you use
Saying you grew the account 3,000% in 5 months by “aiming for small gains” is so far from realistic expectations that I can’t even fathom.. 🤡
@@mattjohnson268 you don't have to believe it. Im not here to prove anything to you. Your disbelief isn't going to change the amount in my broker account. And small in comparison to the account value. Which means it grew roughly 3% a day. So having $800 and making $24. Then $824 and making $24.72. As it grew the gains got bigger and I scaled faster. Also on Thursdays and Fridays option contracts are pennies on the dollar which allowed me to take on more size while managing risk the same
I build computers for a living. I've built setups for day traders before. Last month I built one for this guy and got the trading bug on me now. I've been consuming all information I can get and will definitely take that 30 day tutorial. Your videos have become my daily bread to me! Thank you so much! I'm inspired 😊
Congratulations on all your success, Ross. However, I would love to see you run another $1000 challenge without margin.
Think about it, if it’s this big of a struggle with a margin account, you can imagine what would happen if there was no margin.
@@miloradpetrovic6249that’s why it would be so interesting. most beginners wouldn’t use margin.
I've been following you for three years, you are the most real person out there! Thank you for motivating and teaching!
Me too! Now I need to show some profitability in real life ;)
@@infinitelyllc, I have to admit that I had some extra $$$ so I jumped in way too early because I also had a lot of past stock experience but I had like ZERO day trading experience. Well I started with very little confidence and couldn't seem to get myself over that 50-100 shares at a time thing. Well when it happened it happened and it was all thanks to Ross. I started hitting some solid $300-500 numbers and my buying figures got bigger and bigger as I learned more and more about what I was doing right and wrong every morning. Now don't get me wrong it wasn't all pretty as I got the crap smacked out of me one day but it was totally because I didn't follow one of the most important rules and I stuck around way too late into the day but that still didn't get me my $11,000 back. However by the next 7 days it was back and I've actually lost more because of having to deal with Fidelity than anything.
Definitely the most real guy out there! Thanks Ross!
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow❤❤
Thanks for the weekly recap on the small account. Really enjoy watching these trades in particular. More relatable. More vicarious.
Really appreciate that you allow yourself to feel the full range of emotions in the same way a new trader who could only afford a small account would experience. It's wild out there when you digging from the bottom 😅
this could be one of your best videos
Man,I want to tell you that this episode came to me in a very hard time I'm having with trading..I was starting with 3k and after 3 months of ups and downs..I'm standing now at 560 dollars only..I'm green in paper trading, but when it comes to money..I lose..bad setups..low volume..didn't check float..bagholding ..really your failure and coming back in this particular days gave me a huge opportunity to analyse where I did wrong..thanks Ross..keep sending those priceless advice..they help alot.
Absolutely. Great attitude. I review my winning trades and still usually shake my head and say Dude you got lucky. It's a lot. Wake up 4am PST, monitor, review, plot, trade, win lose, off to work, 6pm gym done, 6 to 8 pm review day's trades, watch content, filter out the excessive trading noise, rewatch Ross, etc. Oh, and continue Pro classes. You can only be successful with this dedication. If the market turns green, watch out, because what you've lost in ur account lately was paying tuition and fine tuning u for the good times coming.
100% one of my favorite videos of yours. I feel this video so much. I became a bag holder/swing trader from a day trade turned south. Held it way too long. Several months. It only got worse. Definitely learned a lot from it though.
A+ quality setups are scarce so far this year, it testing even the best of us😂 cheers Ross
Agreed! And typically January is great. Coldest January market I have seen
I thought it was just me.I finish my training on my demo account last year turning over 800% profit.
Started at the begining of the year with a $4500 cash account,and split that in half.first three days I made a profit of $150 $150 & $290
Past four days I'm down $600 but I notice I haven't been seeing those same setups early on and had been questioning wether or not I should have been sitting out
All of your videos and teaching lessons are so great but this one really spoke to me because I'm trading with a small account and have the same struggles, frustrations, concerns and pressure you're feeling with your small account challenge. It is comforting to know if I have had and have these struggles and pressure, that even the best traders can feel and struggle with the same.
Ross, its so good to have you in the trenches with us, I'm tired, hungry for profit, and have blood shot eyes, the mud is deep and if I stick my head up too far it will get blown off. Your the chaplain of trading!
What is surprising me is how quick these trades are. I have seen a few videos of yours explaining your strategy, the trading language, level 2, and then I started watching this series and this realization really shock me. No wonder most people loose money. These are serious decisions taken in such a small time frame.
Alright man i watched a good chunk of ur stuff to help me start. Im on week 2 starting with less than a hundred just to try things and play around. Went negative 30 percent from noobie mistakes. Well as of today im postive 1 percent overall! Poured some more cash in and ramping up slowly. Your videos made all the difference your amazing
there are so many awesome educational nuggets in this episode. thanks ross. i look forward to rejoining warrior trading in the hopefully not so distant future.
Ross these recaps are great and also reinforces the valuable concepts you teach and experience. Thank you 👍🙏💯
I love this video Ross, this is exactly what I’m going thru and to see how and what you do in these situations is so valuable to me.
These are some of my favorite videos - watching you trade a small account with live commentary! I'm in the simulator and hope to start with live money in 3-4 weeks (after a profitable simulator).
Thank you Ross 🙏🏼...That was perfect to watch before the weekend...
With my CMEG account, I get full leverage as soon as the bid crosses $5.00 - no matter what it opened at. Provided the symbol is one that they allow leverage on.
thank you so much for your honesty, I'm really happy I've found your channel
This is how every day goes for me, thank you for putting this out there!
I spent this week testing dumping stocks no longer than 12 seconds. I have had four hold hopes over 6 months that have wiped out my first year live green to red. I needed to force my fingers to get comfortable with cutting losers. When I jump in on the bid, I expect resolution instantly. If ten seconds can't push up, I cut. When mastered, I'll get my mojo again. What a quiet week but helped me stay out and not trade. No trade day is a green day to me in this environment
Ross one of your best vids ever. All of the analysis explains pretty much every trader’s demons we have to deal with on every trade, just different scales of position size.
This is THE BEST video I’ve seen of yours. I’m halfway through it and this is SO helpful in recognizing my own mistakes. Learning when to get out is my biggest issue and you’re helping me understand that with this video. Thank you.
I'm impressed with your passion for giving back. Looking for a way to sustain a modest lifestyle. I don't need much and this is the extra little push I need. Thank you.
This is such a valuable learning experience to share. Thank you.
Thanks for reminding us Ross that you are also one of us even if you have been there for over 10 years. Really makes me think trading is for me
Yay! Been waiting all week for this... Could you consider breaking them down into two videos? Tuesday or Wednesday and Friday? That way we don't have to wait so long? Either way I really appreciate these.
I did all this mistakes and lost a $5000 account during the last week of December... now I need to save money which is going to take months to even come up with a $1000 to put back in the account... really learned a lot of lessons
biggest mistake people make is rush. When people rush they make desperate trades in hopes of they can make all their money in one move
Trade without knowledge,it is disaster!
Ross, I'm trading a $400 account on webull. Not a challenge, just all I've got to trade. No leverage, limited trades.
Thanks for showing us how useful it is to get OUT when it's time to get out! I made a trade that stalled as soon as I got in. I heard you in my head..."That's not strength, that's weakness" so I bailed. Just shy of break even,
I didn't watch this video yet but I want to mention this just in case you are reading it right now.
Please at least let us know the "DATE" of the stock you're looking at because the previous episode. I was so lost.
**
Ok so while I was watching this episode so far
you said
Day 6.
Please mention the date of the DAY. Sometimes I want to look at the stock that day too
marvilous content and adaptable message: are you using the CMEG account or another off shore account , CAM?
Glad..
Pressure is Good, Pressure makes diamonds and created the Core of Earth that holds us all together, you've got this Ross. PS: LOVE the Vegas Music on the Wins and Losses, LOL So much Fun!
Anyone notice that which requires the modality of analytics, at times, warrants the need of simplicity; up to and including a nature of capitulation…is something which has just come to awareness…
Ok Ross I just subbed to help you reach your Goal. Your a great Trader and a great Teacher.
Thanks for the sub!
Ross you are such a great teacher of trading the markets! I'm forever a follower!
Why reset to 1000 based on subs gained? Rather reset when reaching x amount of $
this is so helpful Ross please don't stop making these kinds of videos
manage to make a little 100 today with AEHL and stop it there at 10am there was just not much great opportunity
Took a big loss on my small account the other day :( my first huge hit after being green for 2 months. Feel like all my progress is gone but at least i’m learning!
I found that instead of looking at the P/L. Start thinking in percentages really helps a lot. Is there any way you can do an episode on percentages?
I've been watching your videos since 2015 and really like how you're structuring this SAC. Thanks for all you do
These series were just made for me. Thanks Ross
OMG I love you. Really appreciate the transparency. I've made every one of these mistakes. Getting better, but your validation in all these points is fabulous and has made a real difference.
Great content! Super helpful. I’ve been out of the game for a few years, and am jumping back in soon. Planning on getting your simulator, and course soon. Much appreciated Ross!
Wonderful. I am planning to start my journey it's been blessed that I found this channel ❤
check mine
As always excellent video, thank you very much, Ross!!!
Always right on time! Thanks! 🙏🏽
It’s so funny and sad at the same time. I do the same stupid mistakes even after 15 years of trading. And you Ross are right at every word, pressure, pressure of working every single day and keep that money growing and bills paid.
@denbak6185, I have to watch it or I'll still do the same thing with some of those stupid mistakes. My biggest one is trading too late in the day with too many shares. I'll tell myself to take my solid, solid gain and go but no I just run one more trade and get my butt kicked. So now my new rule is to just move the money out once it hits a certain level and then start again the next day and that way I've locked in those gains. So what I'm saying is that I'm looking for new ways to get myself to create and follow small easy rules that will help control me better.
Ya I've had 5/6 red weeks. Had to size down from $2k to now $100 trades. Once I get a green week Il go to 300, 500, 750, 1000, and 2000 again. Oh well.
I started with 18usd and made into a little over 100usd worth. But then I made the mistakes you mentioned here. Thank you for making this video.
It is very difficult to trade on Thursday and Friday. The Bairs are in control.
I took one piece off the new IPO and haven't touched it since. I was watching it today, and nearly took the red to green at 9am est. Minor fomo there but somewhere between 10 and 10:30 est it looked like the algos moved in on the level II and it didn't move the same anymore. No trade day for me.
These videos are so fun to watch! Thank you for doing so well to explain. Couple of questions: Is your voice over live or are you editing in afterward? Secondly, would it be possible to have Ep. 3, Ep. 4 etc... first on the title? It makes it difficult to see which episode we are on with mobile. Thanks! We enjoy your vids!
Great series Ross. I keep thinking I should do my own series on my stock channel, but I never get fairly consistent. Not sure if there's any value in that. I did do a great trade tracker video I think.
This was a great video. I’ve been trading for all of eight weeks, and I found myself stuck. Fortunately, today I had a major turnaround with the highs of the S&P Wanna watch this video every day
Hey Ross,
I just want to say thanks! I personally appreciated all of the videos.
I just started doing stimulated trading with $200 as a starting point. I was able to make $25 on my first day just by reading the charts.
I still need to get a track record, but I'm very enthusiastic about the potential.
Thanks a lot, Ross, for this awesome episode! I kept watching it 3 times second by second, especially those replays of real battles, so much useful info to absorb. Thank you.
OVER TRADING!!! Yes once we get past 10:30-11:00 on the day you have to start getting really cautious about over trading because for small cap 60-70% of the trading could be done for the day. Not exactly what Ross was talking about here but just another simple example to keep in mind. And NEVER over buy the number of shares that late in the day.
Hi Ross such a inspiring video and getting better and sticking to my strategy and not diving in.Many thanks
39:00 Thanks for the pep talk! Master just one strategy!
Great video and enjoying your content! Are you still doing the morning pre-market live shows? You mentioned this in a prior video but I haven't seen any live content and would love to hear about your morning pre-market thoughts!
Thanks for sharing man! Love the insights and self evaluation!
Ross, what a great video; all of your videos are great, but this one was the one I needed to see, right now. I'm a WTPro alum, and I currently sub to the WT Tools. I have just funded a small account with a similar amount, and I've been struggling all for the last 2 weeks to find good reliable setups. I've enjoyed seeing you rank the market, and corroborate my findings. I am also relieved to see that even you, our (my) mentor can make the same kind of 'rookie' mistakes that many new traders encounter. In the most brotherly and respectful way, I love ya buddy.
I am chomping at the bit for Monday to bring us new opportunities in the market! Have a great weekend!
Hi Ross. Love your videos. This challenge of trading a small account I find a bit misleading. For most of us, we don’t have the financial resources to use leverage. If we are in the red, how are we meant to pay the broker back with funds we don’t have? I think a more realistic challenge would have been to only have funds in that small account that don’t require leverage.
Hey ross. Thanks for the uploads. My account's been a bit of a rollercoaster - not quite in profit town yet, but at least I'm not hemorrhaging cash. Your video nailed some of the mistakes I've been pulling, especially the whole dance with stocks under $5. Trying to ride a 2$ gapper with 200 shares? Yeah, been there. With under 1k shares, you're practically battling commissions more than making gains.
Thanks for the video. My day was similar. Over traded and other rookie mistakes as well.
13:50, on the 1 min that was a picture perfect rising wedge I could see it right away… Rising Wedge is typically a bearish pattern but volume is key. I can’t really see the volume with the acct balance in the way. They can break to the upside but more often than not they are bearish. That was purely technical I believe.
At 15:39 I believe that pop was the retest of the bottom of the wedge after it had fallen through which confirmed downside. Shorts were probably adding right here.
Any plan for discount on Day Trade Dash? I want to subscribe to the scanner only. Thanks
We don't have a scanner only option at the moment, but we'll keep that in mind.
I'm still learning. Why doesn't a sell order fill immediately? It sounds like a loose target.
Wow what a powerful ending. It’s like a movie watching these episodes. Love the music audio choice for this challenge as well just perfect selection. Ready for war next week between the markets and my own personal discipline to trade only my setups. Let’s Goooooo!!!!
The best video yet!! thank you
Thank Ross for that video that is what is happening to me
Not this video but man i was waiting for it to click and i was listening to ur strat and bam been making more wins now
That was a fun thumb
The King Is Back 🙏
12:45 wow you seem to know exactly when to exit. I need to learn that
I have been watching you for about a month and love your teaching and being honest about your success and failures. Thanks for sharing with all of us. I wanted to start with the simulator, are you still offering the one month free. 🙂
This is what gets me... i hesitate and hold thinking its not topped out, and then im stuck in the pullback... it's a trap I ALWAYS fall into.. then i'm stuck holding it because I'm too poor to just accept the loss and end up holding it sometimes for days just to pull it back out and break even :|
This whole video is my trading in a nutshell..
This not only applied to trading, I quite often follow up something stupid with something ritarded
Traders with small accounts don’t usually have the luxury of leverage due to not having a backup of financial resources if things go south. I’m not sure about how realistic this challenge is for most of us that cannot trade on margin.
DANG ROSS!!!! everthing think you are saying is SO DANG TRUE!!! with your help from these videos I'm teaching myself to STOP doing this. Little by little... base hit after base hit is how I need to focus and start shutting down my emotions and like you said... Analytics needs to be my focus and execute on those Analytics is the key. easier said than done. hahaha! Thank you Ross for all that you do!
Did you do a video for Friday? How'd you do in the big account? It's been tough the last week.
Thanks!
Love your videos Ross. You inspire my trading.
I had exactly that happen to me when I started a few weeks ago. Followed a newsletter on stock called NRHI and they kept saying it would go up more and not to sell and at one time it did and I was up 400$ and I was greedy and lost it all. The graph looked exactly like what you drew. Since then I have been cautious and doing better. I looked at stocks making big runs once morning and got a piece of HOLO and made up for my loss. Only been trading month and half. I still have much to learn and still probably full of stupid mistakes to make. 🤣
Awesome video!
Had my best day today! was overcomplicating things learning too much useless info. took it back to basics and had an amazing day! 100% green trades, good risk reward ratios for each trade my least amount of trades in a day by far! the less i trade in a day the more i walk away with its interesting!
My biggest reasons explaining why retail traders fail:
-They abuse risk-to-reward thinking it's gonna make a difference (It doesn't)
-They always fight the current trend leg by trying to pick tops and bottoms
-They buy and sell off of any ol' support and resistance from far left, thinking it's gonna hold
Ross appreciate all the info you have shared over the years. I’ve been on my own journey and seems my strategy has converged with yours very closely(I trade the same stocks as you almost everyday). I’ve built a similar scanner to yours but slightly faster(spent 5years building it). I’m often in before you based on your reviews. The question I have is, from a scalability stand point(only trading 2k-4K, currently, slowly scaling up) what’s the max amount of cash that you think can be traded in the first two candles of most stocks you trade. I’m hoping 10-20k cash, is no issues with getting in. (Don’t have any level 2 data to do historical research at time of entry which is often first 1 or 2 candles for me)
I love these small account series and honestly believe Ross is one of the best day traders and most transparent traders on the planet. That said, I do not have the nerve to buy when the price action is so far above the fast MAs. With the small amount of price action Ross is seeking on these trades, some of these losing trades would have been winners if he bought in when the price action was bouncing off the moving averages instead of extended way above it.
Very often, not always but maybe 40% of the time he cuts a loss then the price action bounces off of the averages and hits his target. So truly, he is taking winning trades too soon on many of his losing trades. I’m saying that his win rate is much higher than he thinks.
What he does really well is he quickly cuts his losses. This is much harder to do than he makes it seem. Even his small losses seem large because when he goes in, he goes in BIG.
All that said, most of us could make a comfortable living being half as successful as Ross is.
Hi Ross, what are these scanners you speak about? Where can you get them etc? Im New to trading, Cheers
Ross - thanks for sharing your talents with us. My question is that I've been in Options Trading for 8 months now with an expensive group, and I'm down 70%. But still have just under 2k in my account. Will your strategies work in Options Trading? I want to switch to stocks, but not sure I'm ready to take on more pressure of the off-shore account, Level 2 setup, setting up scanners, etc. What's your advice. Thank you!
Day 6 - But traded on January 5th
Hahaha Great line about "Jack of all trades"! 39:05 Great video as always Ross! Learned so much from you. Liked and subbed long ago.