17 Day Trading Myths in 30 Minutes (Don't Fall For These)

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  • Опубліковано 3 лис 2024

КОМЕНТАРІ • 164

  • @colinmolaski
    @colinmolaski 4 місяці тому +109

    Ross you changed my life I went from a dead end job and doing things I shouldn’t be doing to make money just feeling lost and now I am a day trader living a good clean life supporting my family. Thank you from the bottom of my heart

    • @th3orist
      @th3orist 4 місяці тому +2

      when did you start your daytrading career and how long did it take you to become consistently profitable after you started?

    • @maryshellsmith6627
      @maryshellsmith6627 4 місяці тому +1

      Did you take the courses? Or learn from the UA-cam videos?

    • @colinmolaski
      @colinmolaski 4 місяці тому +11

      I just dedicated every waking moment of my life to videos and studying

    • @maryshellsmith6627
      @maryshellsmith6627 4 місяці тому +1

      I want to learn swing trading, before I would ever try day trading. I know I'm not anywhere near ready for day trading. I still find this channel to be very interesting and informative, though, because Ross is an amazing teacher! 🥰

    • @colinmolaski
      @colinmolaski 4 місяці тому +7

      You can do anything you set your mind to you need to be willing to sacrifice and work your butt off and you can achieve it I believe in you

  • @investmentgg213
    @investmentgg213 4 місяці тому +174

    I think the hope is only for unimantic this year, other projects will not show themselves like it.

  • @2getaway100
    @2getaway100 4 місяці тому +9

    Ross, I just recently started following you. Your strategies are spot on. A few years ago, I had a 6 figure account. My problem was holding overnight and not "day trading". My account was wiped out because of this. It was a painful learning lesson. If I stick to "day trading", I know I will do well. Your strategy is the way I made money. Holding positions overnight is a HUGE mistake. I love your content.

    • @5GWGuerillaFighter
      @5GWGuerillaFighter 4 місяці тому

      That's rough, glad you found a solution. I'm just starting and this seems like a good place to start. Your comment definitely reinforces that notion.

  • @stephenknode7615
    @stephenknode7615 4 місяці тому +1

    I wanted to listen to your seminar as I drove. Advertisements stopped the listening. I cant drive and hit skip. for your knowledge. Thanks, sir.

  • @sdhority
    @sdhority 4 місяці тому +3

    He's absolutely right about the 9-5 thing. I wake up at 3 am and trade pre market, then go to my day job.

  • @1kuv-q6k
    @1kuv-q6k 4 місяці тому +6

    Ross would you like to do the small account challenge again? if so when will you start?

  • @johndrop8076
    @johndrop8076 4 місяці тому +1

    I love how Ross gives back by sharing his knowledge and experiences.

  • @kronikrides5143
    @kronikrides5143 4 місяці тому +1

    Hey Ross, how do you tell if the day is a hot market or a cold market for the day? Specifically a handful of stocks? News, catalyst? Etc. ?

  • @idontknowwhatidontknow
    @idontknowwhatidontknow 4 місяці тому +4

    I am from Massachusetts and I want to start from July 4th as my reference point on the calendar! Wish me luck!
    I have been watching most of your educational videos. I will join the basic program. The reason I have not started yet is because I am a legally blind grad student at JH, a father, and a non-profit founder entrepreneur! I have been working on setting up my accommodation and seeing how I can accommodate myself as a legally blind individual to be a trader!!!
    L
    I know your team would not have enough time to support such a rare case, but I am sure I will have some kind of support from you guys in my journey.

    • @alexapexgod4643
      @alexapexgod4643 4 місяці тому +1

      The market is going to be closed that day

    • @noyb7214
      @noyb7214 4 місяці тому +1

      Here’s my advice. Protect your capital with a stop loss every single time. The wins will be big if you minimize how much you lose.

    • @idontknowwhatidontknow
      @idontknowwhatidontknow 4 місяці тому

      @@alexapexgod4643 I know, I meant that week

  • @shark619ify
    @shark619ify 4 місяці тому +2

    How about a video for us newbies on how to correct our mistakes like by mistaken a reversal as a pull back and price drops beyond the the point of no return for that day. Should we just wait it out while your money is tied up waiting for the price to bounce back up...etc

    • @shark619ify
      @shark619ify 4 місяці тому

      Oh yeah another thing that happens is psychological and its a feeling of being rushed when trying to find an entry point for a quick trade and in return causes mistakes...

  • @hesh354
    @hesh354 4 місяці тому +1

    Thank you Ross for another great video. Cheers!

  • @rodgerc2755
    @rodgerc2755 4 місяці тому

    Wonderful video Ross. 14:08 is the gift that keeps on giving.

  • @karlmcdonald7208
    @karlmcdonald7208 4 місяці тому

    Great points, Ross. I think we should all revisit videos like this periodically even once successful just as a reminder/remember what a good foundation is

  • @DaytradeWarrior
    @DaytradeWarrior  4 місяці тому +9

    DOWNLOAD MY DAY TRADING STRATEGY PDF HERE: 🍏 warrior.app/2024-small-account-strategy

  • @wperez2010
    @wperez2010 4 місяці тому +1

    I like that last point .. lot of people on social media and discord . I feel like they create a high level of FOMO and unfortunately retailers get in too late or at the wrong entry ..

  • @idontknowwhatidontknow
    @idontknowwhatidontknow 4 місяці тому +2

    I am from Massachusetts and I want to set July 4th as my starting point on the calendar! Wish me luck! I have been watching most of your educational videos. I will join the basic program. The reason I have not started yet is because I am a legally blind grad student at JH, dealing with visual disability, and I am also busy as a father and a non-profit founder entrepreneur! The main challenge I am working on is how to overcome my barriers.

    • @idontknowwhatidontknow
      @idontknowwhatidontknow 4 місяці тому

      I have been working on setting up my accommodation and seeing how I can accommodate myself as a legally blind individual to be a Day trader!!!

    • @idontknowwhatidontknow
      @idontknowwhatidontknow 4 місяці тому

      I know your team would not have enough time to support such a rare case, but I am sure I will have some kind of support from you guys in my journey.

    • @idontknowwhatidontknow
      @idontknowwhatidontknow 4 місяці тому

      See you 4th of July!

    • @sdhority
      @sdhority 4 місяці тому +1

      Make sure you try your strategy in the simulator first! Prove you can be profitable before you put real money up for risk, it never hurts to be safe and certain.

    • @idontknowwhatidontknow
      @idontknowwhatidontknow 4 місяці тому

      @@sdhority definitely! Thank you!

  • @thejayokha844
    @thejayokha844 4 місяці тому

    The second myth, so true among my peers and even my family. So i decided not to share any more news about it(didn't tell them i did trading, was more of me telling them about how people are into it and stuff), and will continue focusing on myself and hitting them greens. They won't know when I'll become consistent and profitable but there will be signs!

  • @alextrigger8199
    @alextrigger8199 4 місяці тому

    I always feel good about myself when I end up looking at the same stock as Ross does each day (which is 80% of the time now) and especially when I trade the same moves he does (unfortunately not as often, but I think I'll get to spotting them too eventually)

  • @raz3032
    @raz3032 4 місяці тому +1

    Can you list the myths in your description area or the remarks area please.

  • @xGERKENATORx
    @xGERKENATORx 4 місяці тому +1

    This was an excellent video, thanks. I expect the market will become a 24/7 market. T0 via Asset Tokenization will revolutionize this space. However like you mention there will still be times where the market volume is higher and those times will be the best times to trade.

  • @max88Phoenix
    @max88Phoenix 4 місяці тому +1

    Thanks Ross. those are valuable info for us. love it

  • @zombistank
    @zombistank 4 місяці тому +1

    Great video as always, Ross!

  • @chrismiller9740
    @chrismiller9740 4 місяці тому

    Good advice for new traders. Thanks for sharing, the early years trading are not easy, but if you can develop a strategy, control emotions (for many, this is what causes failure), and formulate a strategy that works for you, backrest it extensively, and live your trades by your strategy, and continuous learning, you can be very successful. Thanks Ross.

  • @jaysoegaard
    @jaysoegaard 4 місяці тому

    Yes , it takes a ton of time to be in the matrix as a day trader where you see the charts and just can see the code or the great ones.. You're in the risk business, and you learn to limit risk or lose your gains easily

  • @ibetterpvpthenyou
    @ibetterpvpthenyou 4 місяці тому

    being brutally honest, you went down a notch because of that shirt, and i love pineapple, it just looks terrrrrrrrrrrrrrrrible on you sir. God I'm only 4 seconds in and I don't want to continue, but you are impeccable with your word.

  • @Theclashglobe
    @Theclashglobe 4 місяці тому

    I am new! How much should I need for day trading or swing to make around 200-300 in a day?

  • @mgomez34
    @mgomez34 4 місяці тому

    Hate to say it as an MS Finance but its true. The knowledge is more applicable to institutional and/or long-term investing. To be fair it does help and as trader you will have to consider fundamentals at times. I think its great that anyone from any background can make money from the markets.

  • @Sam-kd4jr
    @Sam-kd4jr 4 місяці тому +1

    Ross the gap scanners have been horrible the last few months 😢 how anyone can trade this is beyond me it’s getting ridiculously frustrating too trade theses markets period 😢anyway that’s my two cents still love ❤️ all your videos and the pineapple 🍍 sweatshirt is dope 👍 have a great trading week

    • @davidseo677
      @davidseo677 4 місяці тому

      You dont need gap scanners if you have a decent brokerage that already has one in place. I trade on webull and i just look at the "top gainers" section every morning and choose from those.

  • @nhvlaa
    @nhvlaa 4 місяці тому +1

    Believe it or not going to college is gambling more so than trading with a strategy.

  • @billydanzz
    @billydanzz 4 місяці тому

    Great video. But can you make a short video going into more detail explaining how high frequency trading algorithms take money from other traders? You briefly touched on it in myth #14. Thx.

    • @DaytradeWarrior
      @DaytradeWarrior  4 місяці тому +1

      You can check out this video on that topic: ua-cam.com/video/PeElNQKIj78/v-deo.html&ab_channel=RossCameron-WarriorTrading

    • @billydanzz
      @billydanzz 4 місяці тому

      @@DaytradeWarrior Greatly appreciated!

  • @scottparham5894
    @scottparham5894 4 місяці тому

    I appreciate all of your videos. Thank you ❤❤

  • @justinoliver9400
    @justinoliver9400 4 місяці тому

    Great video Idea! Loved it. Happy trading..

  • @mo938
    @mo938 4 місяці тому +4

    Saying day trading is like gambling (altho it technically is, by definition, and some ppl def treat it like a casino) is like saying every trade is 50/50... Either you win or you lose.. Which, isn't the case.
    I like to compare it to the weatherman. Technically, each day it could rain or it couldn't, right? So why isn't there a 50% chance of rain every single day? Bc you can use data in a similar way to how meteorologists do to give yourself a better %..
    That's what an edge is..

  • @Artimissss
    @Artimissss 4 місяці тому +1

    Ross, your hair is still looking good even after all these years.

  • @acscott9916
    @acscott9916 4 місяці тому

    All true ✅. …great share again Ross

  • @alexstraz
    @alexstraz 4 місяці тому

    I work in central standard time and wondering where I can trade after 5pm. It seems the Asian markets are the only ones actively traded during that time.

  • @uae0789
    @uae0789 4 місяці тому +1

    i trade US market even tho I am not there, it’s just the best.

  • @ticien1
    @ticien1 4 місяці тому +8

    Take a shot every time Ross adjusts his specs

  • @TheRoybert
    @TheRoybert 4 місяці тому +2

    I call stop loss, GTFO. Best lesson to learn before ANY other lesson. Its easy when the numbers go up, knowing when to GTFO is absolutely neccessary.

  • @danielpettersson3270
    @danielpettersson3270 4 місяці тому

    Hi Ross!!
    Im from Sweden, can i join your courses ? Or its not working outside of US? :)

  • @MLeyba
    @MLeyba 4 місяці тому

    Ross, This was a fantastic video! Thank you for the knowledge you provide through your whole channel. - Mateo :D

  • @stacktrader5856
    @stacktrader5856 4 місяці тому +8

    I remember when Ross was an Uber driver to fund his small account challenge... lol

    • @davidseo677
      @davidseo677 4 місяці тому +1

      I used to drive uber for 4 years. Hopefully i can become ross when i grow up 😂

  • @PeterRosas
    @PeterRosas 4 місяці тому

    Ross, can I ask why some stocks when it appears they are on a run, then suddenly trading is halted what causes this?

    • @DaytradeWarrior
      @DaytradeWarrior  4 місяці тому

      This is a circuit break halt, you can learn more here: www.warriortrading.com/circuit-breaker-halts/

    • @PeterRosas
      @PeterRosas 4 місяці тому

      @@DaytradeWarrior thanks for getting back to me and thanks for the link.

  • @erictrott6553
    @erictrott6553 4 місяці тому

    Day-trading is hard. Most people fail. That is all you need to know in order to decide whether or not you should day-trade.

  • @EloxRF
    @EloxRF 4 місяці тому

    trading in general not luck, but the big bang can be luck!

  • @freemygrandma8752
    @freemygrandma8752 4 місяці тому +2

    Easy come easy go is right. I’m at the point where I’m consistently making the money, but I’m still losing it all first I wasn’t making any at all. I’ve turned 3000 into 20,000 four times already and lost it.

    • @sdhority
      @sdhority 4 місяці тому +1

      You have to tighten up those stops, keep the losses as small as possible

    • @Torontogonetosdon
      @Torontogonetosdon 4 місяці тому

      Lost it all?

    • @freemygrandma8752
      @freemygrandma8752 4 місяці тому

      @@Torontogonetosdon yup just blew my 7th account

    • @TheMrFive
      @TheMrFive 4 місяці тому

      You got any kind of support group or Mastermind you can rely on?

    • @freemygrandma8752
      @freemygrandma8752 4 місяці тому

      @@TheMrFive I’m in a couple of discords

  • @thegamerboneless2864
    @thegamerboneless2864 4 місяці тому

    IRA is the way to go, Taxes be crazy day trading. Use a small percentage for your living the rest trade from tax incentive portfolio.

  • @tradingwithturner2463
    @tradingwithturner2463 4 місяці тому +1

    @Ross Cameron,
    Have you or can you make a video on transitioning from a simulator to live trading? Maybe give things of concern and pointers on how to be successful? I know I won’t be the only one to benefit from something like that

    • @sdhority
      @sdhority 4 місяці тому +1

      I think that would be a useful video, albeit short. The biggest difference is going to be slippage and your impact on the market, both of which can be reduced by starting with small share positions (100-5000) until you see how your trading is impacted by being "live".

  • @jaysoegaard
    @jaysoegaard 4 місяці тому

    Thank you for the video

  • @daveruble5150
    @daveruble5150 4 місяці тому

    I have a cash brokerage account, Finviz.
    What should b my next step?

    • @bombs2fair
      @bombs2fair 4 місяці тому +1

      Get rid of it and make a margin account.

    • @daveruble5150
      @daveruble5150 4 місяці тому

      @@bombs2fair thanks

  • @MrCreed145
    @MrCreed145 4 місяці тому

    Does Ross have something against Webull? I swear I've never heard him even say the word but I'm pretty sure it's the most popular.

    • @DaytradeWarrior
      @DaytradeWarrior  4 місяці тому +1

      They def aren’t the most popular, but most traders think they are better than robinhood. Webull has a decent platform but I’ve never traded there.

  • @malinwj1167
    @malinwj1167 4 місяці тому

    I've been trying to day trade for about 90 days, and found that I stink at it. Is it normal that I want to quit at this time? I've never given up on anything in my life, but this has been disheartening

    • @こなた-m1o
      @こなた-m1o 4 місяці тому

      how are you determining your entries? what signals are you looking for in your candlesticks and moving averages

    • @malinwj1167
      @malinwj1167 4 місяці тому

      @@こなた-m1o Entry - looking to see if support holds and then enter on a pullback from a new higher high. Looking for lots of volume, in addition to being at or above vwap. So what happens, is it looks good to me, but then I get faked out and it keeps dropping down, red candle after red candle and doesn't come back up. Conversely, how do people know when there will be a sudden surge of volume? Thanks for asking

  • @SAIKRISHNA-op2pc
    @SAIKRISHNA-op2pc 4 місяці тому

    Hello.... Could you please answer..... Lets say i want to scan stocks for swing trading using RSI or bolinger band.....
    What free scanners are available for us markets

  • @adarshgmani
    @adarshgmani 4 місяці тому

    You a good man

  • @robdempley1633
    @robdempley1633 4 місяці тому

    Day trading with Robinhood is a little crazy.

  • @blackmantis001
    @blackmantis001 4 місяці тому

    My Schwab brokerage account shows not FDIC insured.

  • @jabsdrahm.3232
    @jabsdrahm.3232 4 місяці тому

    Can't do day trade, do swing trade only

  • @ahmadjamshid3757
    @ahmadjamshid3757 4 місяці тому

    Thanks sir

  • @5GWGuerillaFighter
    @5GWGuerillaFighter 4 місяці тому

    @27:33

  • @BeffJezos_69
    @BeffJezos_69 4 місяці тому

    Pineapple shirt is a lifestyle choice

  • @ABQSkywatcher
    @ABQSkywatcher 4 місяці тому +2

    Trading is the hardest way to make easy money

  • @turtleborn
    @turtleborn 4 місяці тому

    2:08 i dont think youre gambling even if you're not profitable yet i have strategies and rules following my indicators and price action even if im not profitable yet (loosing money but pretty close to break even never got close to blowing my account ) just gotta work on execution and waiting for the best setups still very far from gambling more like educated guesses and the more trades you put in while also doing research and studying the more educated you are

  • @Lynny-t9d
    @Lynny-t9d 4 місяці тому

    Ok so I got about 1000 in losses I'm still trading like it never happened and I'm not taking any losses I'm not tripping about the grand could this cost me more then a thousand bucks and can I get in trouble for making to many trades I'm expecting to make about 50 a day😅

  • @blademonger6179
    @blademonger6179 4 місяці тому +1

    Timestamps:
    7:09 - Money 🤑🤑🤑

  • @cedricgariepy
    @cedricgariepy 4 місяці тому

    It’s funny how Ross says he couldn’t make it to hollywood but he actually has a very cinematographic physique

    • @davidseo677
      @davidseo677 4 місяці тому

      Cienematographix physique?? What 😂

    • @GrumbleMachine
      @GrumbleMachine 4 місяці тому +1

      wtf is this comment tho

    • @GrumbleMachine
      @GrumbleMachine 4 місяці тому

      and when did he say anything about hollywood?

  • @jimriley9697
    @jimriley9697 4 місяці тому

    Ross, you make so many videos. Is it weird to be tired of talking all day, and yet have talked to no one all day? I like the videos don't get me wrong. I just see that sometimes you will put out like 3 day, and I can't help imagining you doing your trading or whatever and constantly having a conversation with no one. Lol seems like thoughts only an at home video maker would have.

    • @scottparham5894
      @scottparham5894 4 місяці тому

      You should be grateful for all his videos. He helps all of us

  • @davemeck
    @davemeck 4 місяці тому

    The biggest myth is that you can replicate the results of any trading strategy shown on social media.

    • @alexapexgod4643
      @alexapexgod4643 4 місяці тому +1

      Only bc it’s different each day

    • @sdhority
      @sdhority 4 місяці тому +2

      Idk, his strategy is pretty solid. I've been using it (with some adjustments as I've learned) to a great degree of success. 80% green days, 72% accuracy on trades, Ross knows what he's talking about. It's up to you to make it work.

  • @nattiefreeze2079
    @nattiefreeze2079 4 місяці тому

    Lol, my insurance adjusting job is a boys club but I am certain I do a better overall job than at least 50% of those men at my level and below in the market.. Dont let the boys club deal scare you

  • @hichbailey6079
    @hichbailey6079 4 місяці тому +1

    Hey can you make a video on how to find the swap I know it's volume + value but what does that really mean

    • @bobsam5982
      @bobsam5982 4 місяці тому

      Do your research it's all online for free thru videos like this. Type what your looking for an example of and blame video after video breaking it all down

    • @alexapexgod4643
      @alexapexgod4643 4 місяці тому

      If your losing get out early and if your up set a automatic sell point and keep moving every-time it moves

  • @SERGEX42069
    @SERGEX42069 4 місяці тому +1

    Luck is nothing more than Skill and Opportunity meeting at the same place.

  • @charliemcgrain
    @charliemcgrain 4 місяці тому

    Seems you are paying a ton of fees, Ross. Why not do a small account challenge in a "no fee" account to see if a no fee broker might be worth working with.

  • @calvinwilliams6728
    @calvinwilliams6728 4 місяці тому

    It's funny that trade alerts are even allowed... lol ya know, I hate those things, so so rarely on point. You've taught me tons Ross! You do have a pretty powerful setup & team to work with. Would love to be able to afford you guys some day! Thanks for all you do brotha, still watching all the vids. 🫡🫡

  • @geeeee8268
    @geeeee8268 4 місяці тому +1

    You be surprised how many gamblers have strategy :). My thing is buying myself out of slavery.

  • @Alchemist37
    @Alchemist37 4 місяці тому

    Why do I suddenly feel like hawaian pizza?

  • @TheRoybert
    @TheRoybert 4 місяці тому +1

    Paper Trade. Do NOT ever put money on the line until you have already proven to YOURSELF that you can even do it at all. A fool and his money...

    • @こなた-m1o
      @こなた-m1o 4 місяці тому

      huge disagree. put a small amount of money on the line, like $300, so you can practice with the real emotions of trading.

  • @LindaWalker-uv7ty
    @LindaWalker-uv7ty 4 місяці тому

    ❤❤❤❤

  • @jram0001
    @jram0001 4 місяці тому

    Discipline

  • @bgz42
    @bgz42 4 місяці тому +1

    The market is rigged, that's why I like shorting AAPL:)

  • @wallstreets7357
    @wallstreets7357 4 місяці тому +1

    Wow warrior is woke too now

  • @antyrrama
    @antyrrama 4 місяці тому

    Dude if you give free pdf, give free pdf, dont require me to give my email and consent for spam, thats not free at all. My dissappointment is immesurable and my day is ruined.

    • @jme6322
      @jme6322 4 місяці тому

      With no due respect, please consider a great trade, PDF for email. Suggest getting this down qwik because you'll need to learn being humbler as you bid out a horrible trade. Ross' info is a valuable commodity and just get a disposable Gmail. Warrior Trading is a business first. We just happen to have a rocket crazy viking madman CEO at the helm and helping us tremendously. He is the teacher, a very very effective teacher without personality cultness.

    • @davidseo677
      @davidseo677 4 місяці тому

      Dude. You can make a free email account just for stuff like this. Dont be mad at him because you cant think for yourself.

    • @antyrrama
      @antyrrama 4 місяці тому

      You missing the point my man.

    • @davidseo677
      @davidseo677 4 місяці тому

      @antyrrama no im not. Hes not charging you one penny, one dollar, a subscription fee or anything. It is free currency wise

    • @antyrrama
      @antyrrama 4 місяці тому

      Exactly that! That is the difference! "free currency wise" and "free" is not the same. And thats not cool. Also, getting a thrash email account to go around this is not cool on our part. Simply he could say something like "register on my website to get free pdf".

  • @tronghungdao251
    @tronghungdao251 4 місяці тому

    ❤❤❤😮😮😮🎉🎉🎉