Hi Ross! Shot in the dark here - do you ever select anyone to do your program complimentary like a scholarship option? Your education program is the best I have seen, Loving your ebook! 🙌🏽
Mate, I've been searching for a straight to the point answer for over a week. Learned more in this 12 minute video than I did all week. I subscribed right after this. Thank you!!
So it sounds like if I want to make 100-200 per day, the fastest way is to find an account with $1000 and trade it on a leverage off-shore account. Is that Light speed??
My god man, this guy is an awesome teacher. I’ve watched other UA-cam channels about this same topic, I’m talking 25 min videos and I still didn’t understand anything once it was over. This guy video is 12 mins and I’ve got everything I was looking for, plus a couple more gems. I’m subscribing to this channel
Ross, you are one of the very few day trading mentors (and I mean very few) who gives a straight answer to this question. I’ve seen many videos supposedly giving an answer, but they don’t. So, on behalf of everyone looking for a straight answer and finding it here, THANK YOU.
I made $200 today off Shiba. Purchased 1500 at .000022 and sold at .000025 and after the Coinbase fee I made $177. Took only 12 hours, got my tax return and taught myself how to do it by watching the waves. I don’t know much at all when it comes to being technical about this but learning a stock/crypto and knowing it’s cap and where it usually hangs seems to be the all you need to know
Hi Ross I am a brand new day trader, guaranteed to be successful, however I am just starting. I have the means to do whatever as I am a little older but always wanted to day, and swing trade. I am looking to begin. I have watched a few programs and I am just getting setup now (just built a new computer). Should be ready after this weekend. I am looking for a great mentor (you) and am considering crypto but have other accounts. I have a few questions. 1. How do I get into your personal group? 2. Do you communicate live when you are teaching so I can ask questions via a chat or some other means? 3. When does your next beginner session start? I am new to this game have made my decision to trade and need to learn the lingo and TA and am now anxious to start as soon as possible. I have may more questions but lets start here. Thanks A
Hey, The Warrior Members get access to a live day trading chat room where you can not only talk to other traders, but also to Ross and the other educators. The courses are designed to be learn at your own pace and aren't actually live classes. You can learn more here: www.warriortrading.com/trading-courses/
Ppl have no idea how much effort, sleepless nights, bad days made good, etc etc goes into making just one ten to fifteen minute video. Hope you go to the moon bro, God bless love from INDIA.....
*Thanks for the feedback~~~if you have any ideas you want me to talk about feel free to chat me immediately for more enlightenment ~~ 🇼 :🇭 :@🇹 :🇸 :🇦 :🇵 :🇵 •••🇲 🇪 • 💬+1 (413) 354-9698.-_*
I’ve been kicking the idea around of day trading for several months. I own a business and it is seasonal so the winter months I could use something to keep me busy, as well as generate some revenue. I’ve watched a lot of YT videos and yours are the easiest to understand and you get to the point. A lot of these UA-camrs love to hear their own voice. Thank you for the vids!
So great to hear that! 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/
Signed up on robinhood initially, but it sucked. I’ve made over $30k from my initial capital of $6k, two months into trading. With risks covered even offshore.
I have seen countless appraisals from different people on his expertise in yt. Honestly, I’ve been taking losses and need help. Thanks for the referral.
Hey Ross! I’m struggling with a issue and hopefully you can share some insight or make a video. But how do you actually “make a living with daytrading” in terms of how do you structure the system for taking money to live off. Now I’m NOT talking about the amount of money to live because that’s different for each person, but the system for it. Because if you’re a newer trader and you take profit out of your account to live off, then now you’re removing money for you to play with in your broker account. Plus, if you take money to live off out of your broker account and still have to pay taxes I’m just confused as the best way to handle this? Do you wait till your broker account hits a certain amount of funds then only pull out a certain percent for profit to live off and then 30% for taxes and put that into a separate account? So my question is what is the simplest way for a trader to take profit to live off while not getting messed up by not having enough to cover taxes and still being able to fund your broker account. And once again, not looking for tax advice, just wondering how m/!6 traderslive off of doing it? Hope this makes sense.
Hey Josh, Ross usually transfers funds from his brokerage account to his bank account once a month leaving only what he needs to trade in the brokerage account. He sets money aside for taxes and has a solid budget set for his bills.
Sorry for the late reply, but 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/
Thank you so much for this informative video it has helped me greatly. Most time people don't know where to start when it comes to investment. But great investors can provide proper guidance...
Coming from a veteran trying to learn to get out of debt and financially free and help my mental. You have the easiest and straightforward approach it is appreciated
Recently, I got into the UA-cam financial niche, and I’ve taken a deep dive into day trading as it interests me. I have tried multiple methods to build my portfolio. So far I’m making progress with help. Back to the video, wonderful job there. I always look forward to your next content.
Trading might seem daunting at first, once you understand the market basics, it becomes much easier. An expert trader of repute, has helped me gain outstanding increased ROI on my portfolio. There are three core concepts that all beginning traders need to grasp. With his guidance, you’re sure to succeed like I’ve done. You can get across to him,
Thank you so much bro...I'm in the Bahamas is it any way you can show us how to operate an account from the Caribbean as to capitalize on the market with that leverage
Check out this page to learn about our favorite brokers: support.warriortrading.com/support/solutions/articles/19000045045-broker-recommendations-us-international
I am brand new to this. Like, haven’t started yet. The lingo is brand new. The idea is new. It’s a lot to try to learn. I like how your videos explain things and break things down. I have a day job but it’s not good. Now I find out I need my second open heart surgery and will now be out of work. So I plan on watching as many videos of yours as I can. For the very very beginning stages, where do you think I should start? I do not have a lot to start. $200 or less is what I’m working with…can it be done? Thanks for what you do
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/
Watched your channel on a friend's recommendation, love your teaching style and thoroughness on a topic. I've subscribed to your channel and eager to watch more. Thank you for making it easy to understand! Do you personally recommend any off-shore trading brokers?
sorry if this triple posts but CMEG is one that he's used and spoken favorably of. I can't vouch personally. Upon getting comfortably over $25k it would be a good idea to switch to a domestic broker--he likes Lightspeed but the choice of broker really depends on what you want and need.
If you're so tight for cash you need to borrow almost your entire trading account... You can't afford to lose. Very stressful, and very dangerous. Leveraging is for pros.
Yeah, I always have the comments section up and a respond to literally every single one myself. It takes a while everyday, but it keeps me close with the community.
I appreciate much on channels that the owner really take the time to reply on comments or specially questions, even considering he has few hundred thousand subscribers. Awesome!! This is 1st time I comment on this channel. And more to come. Thank you Mr. Ross
He actually has people (probably employees) comment for him. You really think this guy comments on every single comment. This isn’t the only video getting comments that need responded to haha!
I have 2 screens at the moment as I used to play a lot of video games and do uni work etc. I saw on your outro that you have 6 screens + a laptop which is mind boggling to me. I am assuming that it was a progressive move to get to that point. I have many questions: - How long did it take you to get to using 6 screens? - How often do you use all 6? - What do you have on them? e.g. do you dedicate 1 screen to 1 stock? - Does your computer struggle with having that much information/screens running at the same time? - Do you have a video about/explaining your setup? I haven't had the chance to look through or watch all your videos yet (but I am working on it) - How much was your computer? - How often do you upgrade it?
Beginners should start with a cash account if they only trade long. 1) It helps them to learn patience by waiting for cash settlement. 2) They don't overtrade. 3) They have time to learn the market. If they are profitable with a cash account, they can open a margin account.
That shirt is freaking awesome. As is the way you presented information. Very easy to take in. Will definitely be watching older videos for knowledge and new videos!! Keep up the good work man!!
L. Carlito 70 Percent do loose money tho 🌝 30 percent do make money I think it’s about how well versed you are in it how it works and luck a lot of luck at times people say they studied the market the make guesses on trends but no one knows where the markets gonna go untill it happens
My question is, is there a simple way to explain how tax works in trading? Long term vs short term gains? Say if I make $2000 in day, when do i cash it out? How does that work? Would I need to save some for tax? Or is the tax paid right away? That part goes way over my head.
Hey Ariel, We are unable to provide any personal tax-related advice and cannot recommend a specific CPA. Tax questions will depend on your individual circumstances. I recommend reaching out to a local CPA in your area to get more information. All CPAs should be knowledgeable about trading transactions, but be sure to confirm if they have dealt with these kinds of situations before. For our Warrior Pro members, chapter 18 of Day Trading: Strategies & Scaling (formerly the Small Cap Day Trading Course) (Part 2) is focused on taxes for day traders. We also have a few links on our website with some helpful articles we wrote about trading and taxes: www.warriortrading.com/day-trading-taxes/ www.warriortrading.com/maximize-tax-returns/ www.warriortrading.com/mark-to-market-definition-day-trading-terminology/ Taxes for Day Traders Video: ua-cam.com/video/WJHgMDyNXKo/v-deo.html
I was given the impression that unless you have $25k, the only way to have unlimited day trades was with a cash account, having to wait for cash to settle. I have TDA, can I have a leverage account to keep day trading?
It is possible to day trade with as little as $500 using an offshore broker. 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/
If you haven't had a chance to attend yet, 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/
$6000 in two weeks off a 10k investment, pretty good I guess! I reckon though you could make the same day trading, without the risk of prolonged exposure to the market.
Ross, I found this video as I’m trying to set expectations and goals for myself. I’m going to be rolling over my Roth 401k into a Roth IRA to fund my day trading account. My question is this: Why do you think about trades in terms of share size instead of dollar amount? Ie 1000 shares (at $2.5/share for example) instead of thinking of it as a $2,500 position. I’m not sure why but I’m really having a hard time wrapping my head around this haha. I’ve been following you for a while now. Thank you for all the content you put out.
Hey Joshua, If you haven't had a chance to attend yet, 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/
@@DaytradeWarrior is it possible to just purchase the small cap class without having to pay for the full pro class? I don't need the futures, options, or large cap classes.
Hey Warrior! been watching your videos for two days now. I am starting at the very beginning with around $1000 Thank yo so much for the inspiration. How can I find high moving low priced stocks that are easy to manage like the example? Cost efficiently of course.
definetly a difficult questions, considering that each one of us start at different points. Also putting more money does not necessarily mean you know how to manage them. That will come with time, but having less money, forces you to focus on get better entry points. Thanks for the video
The best way for you to learn more about brokers that allow us to bypass the PDT rule 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/
Hey Derek, If you haven't had a chance to attend yet, 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/
I'm somewhat at the beginning of my journey, watching UA-cam videos, demo trading and trying to learn some of the lingo. I feel a little all over the place and feel as if I'm trying to learn too much at once. If it's not much to ask i'd love to know what your thoughts are on where the perfect place is for someone like me to start.
Awesome, our UA-cam is a great place to start. 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/
So if your stuck with the 3 per app trades a day. Can you sell the same stock multi times until you put. Taken profits up? Or would each separate sell be a day trade? What over seas app do recommend? Watch you every morning for couple weeks. Thanks for all you help, insight and knowledge.
Hi, I am 15 years old and just recently found you UA-cam account. I am really into personal finance and making money in the stock market. I do not have a lot of money to start off with and no prior experience in day trading. I would be grateful for any advice that you would be willing to share with me.
Hey Teddy, that's awesome to hear. Unfortunately, Warrior Trading cannot provide support or services for people under the age of 18. As such, we won't be able to help you with your query. It is important to note, if you're under the age of 18, you won't be able to legally trade. However, you could still open what's called a custodial account with the help of a parent or guardian. You can ask a parent or guardian to read more on custodial accounts here: www.warriortrading.com/5-things-to-know-about-custodial-account/ I hope this is helpful.
Nah bruh, you don’t need to be 18 I’m 15 and trade stocks. Just set up an account with your parents. I’d recommend webull or Robinhood. Just ask your parents to set up an account for you and let you use it as your own.
I recommend Asenath jones are strategies are superb her trade uses a stop algorithm that pauses your trade at the sign of any loss so you make profit 100%.. And the company is entitled to 10% commission of your total profits (+ 13072759299)
@@ventzp2133 That's only what I'm willing to drop into a trading account until I learn the ropes a little! I purchased some Microsoft a few days ago. I made $0.11.....lol
Ross, I’m trying to get into day trading starting off with just short of $3000. Everything I’m learning makes sense and I’m even making about $2 a day right now. But now my question is what are news sources and programs I can use to better predict the market? I want to be more confident in my trades! Love your videos!
Ross I am truly just beginning, never traded, will have only 500 to start, really like to know where I should start. Watched a few of your videos, US citizen, will start slow to learn, so just need guidance
If you haven't had a chance to attend yet, the best way for you to learn more about trading and how you can get started 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/
Great video, and a great explanation of leverage. If people listen to this video and understand it in its entirety, he basically told you how to get rich in under 13 minutes. I'm suffering from paralysis of analysis myself, but this video has great value in it if you pay attention.
id love to start day trading, ive been saying it for years now but I've always been to afraid to take the dive. fear of not knowing enough to start or where to even start im going to be checking out some of your links but i wanted to say thank you for making this very informational video for us.
Thanks for sharing! If you haven't had a chance to attend yet, 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/
hey just so you know im a 15 year old who has been watching your content just so that i can start to understand how the world works. cool stuff bro. i wonna get a head start on knowledge so when i get older I understand the market and can trade efficiently. again, this is all just really cool to watch
Hey Clifton, If you haven't had a chance to attend yet, 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/
What if you just open up 3 brokerage accounts? One on webull, Robinhood, td Ameritrade? Then you would have 3 day trades per day. Or if you open even more brokerages than 3... wouldn't you get more day trades?
Absolutely loved this video! It helped me so much By the way, what trading platform do you suggest beginner traders in the UK to use? Stuff like interactive traders or something? Thanks
I'm happy to hear that! 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 Rebate Program: www.warriortrading.com/cmeg-broker-rebate-program/ CME Group website: cmelitegroup.com For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA Even Canadians: TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ TradeZero website: tradezero.co/
@@edwardsfinancial yes but new traders drunk on the idea of making lots of money should not jump into leveraging funds until they know what their risks are. You still lose money on stop orders even more so when you’re leveraging 75% of your investment. Now you have to make that much more to cover that loss on the next investment. I think he should also include the risks of this type of investing.
We recommend educational courses and a simulator before trading live. To learn more about our programs, we'd recommend checking out our 14 day Warrior Pro Preview, you can learn more and sign up here: warrior.app/pro-preview
I just watched your video comparing US and Off shore accounts. Can you recommend an Off Shore Trading Company to Day trade with ? I am with Interactive and you make a great point with the limitations they put on us. Thank you for your video!
Which offshore broker sites would you recommend? Ive found forex but am having a hard time trusting which site to start off on. Love your videos, will be taking in all your advice
By using an offshore brokerage account. 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/
I just discovered your channel with this video and it blew my mind! I really appreciate how you take the time to break everything down aven for total noobs like me. Will you be doing any small account challenges similar to this in the near future. I just got into trading and I want to learn to trade so I can live my dream! Let's Go!!!!
It’s crazy how you’re the first trader who made things plain and simple and understandable .. I know this is just a small topic but I understood a lot from this .. will be following for more
*Thanks for the feedback~~~if you have any ideas you want me to talk about feel free to chat me immediately for more enlightenment ~~ 🇼 :🇭 :@🇹 :🇸 :🇦 :🇵 :🇵 •••🇲 🇪 • 💬+1 (413) 354-9698.-_*
For accounts over $25,000, you can look into Lightspeed (available to US and most international residents except Canada and Australia). Lightspeed review: www.warriortrading.com/lightspeed-trading-review/ Lightspeed Rebate Program: www.warriortrading.com/lightspeed-broker-rebate-program/ Lightspeed website: www.lightspeed.com/ For margin accounts under $25,000 (as little as $500), you can take a look at CME Group (available to US and most international residents except Canada). CME Group review: www.warriortrading.com/capital-markets-elite-group-review/ CME Group website: cmelitegroup.com Most international traders can look into TradeZero (available for accounts as low as $500, or $1,000 for our Warrior Pro rebate program. Not available for Canada): TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero rebate: www.warriortrading.com/tradezero-broker-rebate-program/ TradeZero website: tradezero.co/ You can use this link to help you decide which broker might be good for you: www.warriortrading.com/how-to-choose-the-best-online-broker/ and www.warriortrading.com/stock-broker-essential-guide/ For more information on options available for day trading with less than $25k, check out this article here: www.warriortrading.com/how-to-day-trade-without-25k/
Man I've started an account with $1,025 , and I was able to grow this to just under $10,000 in 4 1/2 months. I was only trading options on the QQQ. I was making .10-.40 cents profit trading 8-10 contracts. And some days I had loses. Pretty much trading 3-5 × a week in a cash account, because trading in a cash account I could trade every day, 5 days a week if I wanted to. I did this in a OptionsXpress account who bought out by Schwab. There's no better way to create wealth in my opinion. Peace out.
Your videos are amazing! I’m learning so much from them. I was wondering, in this video you talked a lot about the upsides if the off shore accounts. What are the downsides tho? Surely there has to be some. With the leveraged money, is there consequences if you lose the “borrowed” money?
I learnt that it's better to trade with the support of an expert i learnt this the hard way after i blow up my account 4 times i later got professional help from Ms Rebekah Naumann she guided me to my first profit in forex
with leverage, if I "borrow" $2500, how then, if I go up from $3500 to $3600, do I keep the $100 profit being that I borrowed the money? I would assume it's not free money? And to follow up on that, would that $100 be withdrawable?
If you want to be successful have the mindset of the rich spend less and invest more., Don't give up on your dreams. I pray that whoever likes and reads this will be successful.
Success people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Thank you for the clear and focus presentation! what are the disadvantages of having an offshore broker and can you name your favorite offshore brokers?
If you haven't had a chance to attend yet, 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/
If you haven't had a chance to attend yet, 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/
@@DaytradeWarrior recently I've been watching alot of your videos and hoping to someday establish something for myself and hopefully 1 day I can't quit my job working from home just like you
Hey Ross, thanks for explaining this in such a simple way. My doubt is, if the broker is not in USA, how will it effect our taxes ? Do we need to pay tax on gains in two countries?
We are unable to provide any personal tax-related advice and cannot recommend a specific CPA. Tax questions will depend on your individual circumstances. I recommend reaching out to a local CPA in your area to get more information. All CPAs should be knowledgeable about trading transactions, but be sure to confirm if they have dealt with these kinds of situations before. For our Warrior Pro members, chapter 18 of the Small Cap Day Trading Course (Part 2) is focused on taxes for day traders. We also have a few links on our website with some helpful articles we wrote about trading and taxes: www.warriortrading.com/day-trading-taxes/ www.warriortrading.com/maximize-tax-returns/ www.warriortrading.com/mark-to-market-definition-day-trading-terminology/
My husband has talked to me about this. I stumbled across your video. I’m eager to learn more and make some money. Thank you for sharing your knowledge. Do you have classes?
If you haven't had a chance to attend yet, 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/
Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈
Hi Ross! Shot in the dark here - do you ever select anyone to do your program complimentary like a scholarship option? Your education program is the best I have seen, Loving your ebook! 🙌🏽
Is this with crypto or stocks
Do you have contact info available
What’s the best off shore account
Sure and I’m the 4D a day robotic White Boy.
I’m not queer on any level
I got more clarity out of this 12 minutes than countless hours I've spent combing the tube, good stuff.
Great to hear that!
@@DaytradeWarrior Me to thank you sir we really need you
Seriously me too, I think it’s because he’s not using a lot of those fancy, suit dummy words that confuse most of us, appreciate you RossMan🖤
And I think a lot of people use words like that to get views with their videos and technically give info, but still leaving people in the dark.
STRN short squeeze 🚀🚀🚀 super low mrkt cap
Mate, I've been searching for a straight to the point answer for over a week. Learned more in this 12 minute video than I did all week. I subscribed right after this. Thank you!!
You're welcome!
holy molly... i scrolled down like 1,000 comments and he literally responds to all of em. He passed the "man of his word check"
Yeah I work on comments on and off all day long.
e
zovu u o %u svu" dr
So it sounds like if I want to make 100-200 per day, the fastest way is to find an account with $1000 and trade it on a leverage off-shore account. Is that Light speed??
@@patrickugolini6872 b
Not true. Im still waiting
My god man, this guy is an awesome teacher. I’ve watched other UA-cam channels about this same topic, I’m talking 25 min videos and I still didn’t understand anything once it was over. This guy video is 12 mins and I’ve got everything I was looking for, plus a couple more gems. I’m subscribing to this channel
Glad you enjoyed it!
You are not only a good trader, but a good and fun teacher!
Ross, you are one of the very few day trading mentors (and I mean very few) who gives a straight answer to this question. I’ve seen many videos supposedly giving an answer, but they don’t. So, on behalf of everyone looking for a straight answer and finding it here, THANK YOU.
Appreciate that Islem, happy to share!
STRN short squeeze 🚀🚀🚀 super low mrkt cap
@@DaytradeWarrior do you still use your offshore trading accounts? Thanks
Lll
He's probably the only one "literally" this man is something else.......I'm glad I came across his channel.
I made $200 today off Shiba. Purchased 1500 at .000022 and sold at .000025 and after the Coinbase fee I made $177. Took only 12 hours, got my tax return and taught myself how to do it by watching the waves. I don’t know much at all when it comes to being technical about this but learning a stock/crypto and knowing it’s cap and where it usually hangs seems to be the all you need to know
Thanks for sharing!
Hi Ross I am a brand new day trader, guaranteed to be successful, however I am just starting. I have the means to do whatever as I am a little older but always wanted to day, and swing trade. I am looking to begin. I have watched a few programs and I am just getting setup now (just built a new computer). Should be ready after this weekend. I am looking for a great mentor (you) and am considering crypto but have other accounts. I have a few questions. 1. How do I get into your personal group? 2. Do you communicate live when you are teaching so I can ask questions via a chat or some other means? 3. When does your next beginner session start? I am new to this game have made my decision to trade and need to learn the lingo and TA and am now anxious to start as soon as possible. I have may more questions but lets start here. Thanks A
Hey, The Warrior Members get access to a live day trading chat room where you can not only talk to other traders, but also to Ross and the other educators. The courses are designed to be learn at your own pace and aren't actually live classes. You can learn more here: www.warriortrading.com/trading-courses/
Ppl have no idea how much effort, sleepless nights, bad days made good, etc etc goes into making just one ten to fifteen minute video. Hope you go to the moon bro, God bless love from INDIA.....
Thanks for your thoughts!
And here I was thinking you meant taking an account from 1k$ to 5k$. Lol
*Thanks for the feedback~~~if you have any ideas you want me to talk about feel free to chat me immediately for more enlightenment ~~ 🇼 :🇭 :@🇹 :🇸 :🇦 :🇵 :🇵 •••🇲 🇪 • 💬+1 (413) 354-9698.-_*
What offshore broker do you recommend?
I’ve been kicking the idea around of day trading for several months. I own a business and it is seasonal so the winter months I could use something to keep me busy, as well as generate some revenue.
I’ve watched a lot of YT videos and yours are the easiest to understand and you get to the point.
A lot of these UA-camrs love to hear their own voice.
Thank you for the vids!
So great to hear that! 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/
Signed up on robinhood initially, but it sucked. I’ve made over $30k from my initial capital of $6k, two months into trading. With risks covered even offshore.
Wow very nice returns!
what are examples of offshore broker?
I have seen countless appraisals from different people on his expertise in yt. Honestly, I’ve been taking losses and need help. Thanks for the referral.
@@Niniveen I would like to reach out to this person as well. It's the second time I've heard about offshore
Can you I mesaage
Hey Ross! I’m struggling with a issue and hopefully you can share some insight or make a video. But how do you actually “make a living with daytrading” in terms of how do you structure the system for taking money to live off. Now I’m NOT talking about the amount of money to live because that’s different for each person, but the system for it. Because if you’re a newer trader and you take profit out of your account to live off, then now you’re removing money for you to play with in your broker account. Plus, if you take money to live off out of your broker account and still have to pay taxes I’m just confused as the best way to handle this? Do you wait till your broker account hits a certain amount of funds then only pull out a certain percent for profit to live off and then 30% for taxes and put that into a separate account?
So my question is what is the simplest way for a trader to take profit to live off while not getting messed up by not having enough to cover taxes and still being able to fund your broker account. And once again, not looking for tax advice, just wondering how m/!6 traderslive off of doing it? Hope this makes sense.
Hey Josh, Ross usually transfers funds from his brokerage account to his bank account once a month leaving only what he needs to trade in the brokerage account. He sets money aside for taxes and has a solid budget set for his bills.
Great video, much appreciated. What offshore brokers do you recommend?
Sorry for the late reply, but 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/
Thank you so much for this informative video it has helped me greatly. Most time people don't know where to start when it comes to investment. But great investors can provide proper guidance...
Exactly! Well spoken👌
I am still making losses after watching several UA-cam tutorial videos. Please I will appreciate any tips or pointer
Venturing into trading requires basic knowledge most time good experience to carry out a successful trade.
Absolutely! Also, it's never been that easy and cost-efficient to actually invest. What a great time we are in!!
Glad it was helpful!
This is the first video I’ve seen of yours and you just made that so simple. I’m excited to watch more
Yay! Thank you!
Same here
@@lonewolf6842 Thanks for watching...
W~H~A~T~S~A~P~P
+1~6~0~8~7~2~8~8~3~0~7
^For^ ^more^ ^profitable^. ^investment^
Coming from a veteran trying to learn to get out of debt and financially free and help my mental. You have the easiest and straightforward approach it is appreciated
Recently, I got into the UA-cam financial niche, and I’ve taken a deep dive into day trading as it interests me. I have tried multiple methods to build my portfolio. So far I’m making progress with help. Back to the video, wonderful job there. I always look forward to your next content.
Nice keep it up. Thanks for sharing!
Trading might seem daunting at first, once you understand the market basics, it becomes much easier. An expert trader of repute, has helped me gain outstanding increased ROI on my portfolio. There are three core concepts that all beginning traders need to grasp. With his guidance, you’re sure to succeed like I’ve done. You can get across to him,
Thank you so much bro...I'm in the Bahamas is it any way you can show us how to operate an account from the Caribbean as to capitalize on the market with that leverage
Check out this page to learn about our favorite brokers: support.warriortrading.com/support/solutions/articles/19000045045-broker-recommendations-us-international
How do you make a million dollars day trading?
Start with 2 million dollars!
That's one way to look at it, or you could learn a proven strategy and start practicing on a simulator! www.warriortrading.com/warrior-pro-info/
Eric Jensen yes
When it comes to stocks, if Warren Buffet doesn’t do it, I’m not doing it.
@@DaytradeWarrior what's a good simulator to practice on?
My brain hurts now but I'm not giving up on trying to understand this.
I am brand new to this. Like, haven’t started yet. The lingo is brand new. The idea is new. It’s a lot to try to learn. I like how your videos explain things and break things down. I have a day job but it’s not good. Now I find out I need my second open heart surgery and will now be out of work. So I plan on watching as many videos of yours as I can. For the very very beginning stages, where do you think I should start? I do not have a lot to start. $200 or less is what I’m working with…can it be done? Thanks for what you do
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/
Watched your channel on a friend's recommendation, love your teaching style and thoroughness on a topic. I've subscribed to your channel and eager to watch more. Thank you for making it easy to understand! Do you personally recommend any off-shore trading brokers?
STRN short squeeze 🚀🚀🚀 super low mrkt cap
sorry if this triple posts but CMEG is one that he's used and spoken favorably of. I can't vouch personally. Upon getting comfortably over $25k it would be a good idea to switch to a domestic broker--he likes Lightspeed but the choice of broker really depends on what you want and need.
If you're so tight for cash you need to borrow almost your entire trading account...
You can't afford to lose.
Very stressful, and very dangerous.
Leveraging is for pros.
Trading in a simulator first is recommended!
Literally every comment has a response from this guy, great channel!
Yeah, I always have the comments section up and a respond to literally every single one myself. It takes a while everyday, but it keeps me close with the community.
I appreciate much on channels that the owner really take the time to reply on comments or specially questions, even considering he has few hundred thousand subscribers. Awesome!! This is 1st time I comment on this channel. And more to come. Thank you Mr. Ross
He actually has people (probably employees) comment for him. You really think this guy comments on every single comment. This isn’t the only video getting comments that need responded to haha!
@@lucysanchez2480 his response to me must've been a lie then because he says he comments himself and makes no mention of employees
I have 2 screens at the moment as I used to play a lot of video games and do uni work etc.
I saw on your outro that you have 6 screens + a laptop which is mind boggling to me. I am assuming that it was a progressive move to get to that point.
I have many questions:
- How long did it take you to get to using 6 screens?
- How often do you use all 6?
- What do you have on them? e.g. do you dedicate 1 screen to 1 stock?
- Does your computer struggle with having that much information/screens running at the same time?
- Do you have a video about/explaining your setup? I haven't had the chance to look through or watch all your videos yet (but I am working on it)
- How much was your computer?
- How often do you upgrade it?
Beginners should start with a cash account if they only trade long. 1) It helps them to learn patience by waiting for cash settlement. 2) They don't overtrade. 3) They have time to learn the market.
If they are profitable with a cash account, they can open a margin account.
Thanks for the thoughts!
Cash account works with only use 50% for trading. Leave the other 50% to cover settlement.
That shirt is freaking awesome. As is the way you presented information. Very easy to take in. Will definitely be watching older videos for knowledge and new videos!! Keep up the good work man!!
I started with 100 yesterday and I already made 5 bucks today lol
Nice, green is green!
@@DaytradeWarrior tomorrow you will lose 50 :)
L. Carlito u never know :)
@@itsmohdiii3689 just an educated guess ;p
L. Carlito 70
Percent do loose money tho 🌝 30 percent do make money I think it’s about how well versed you are in it how it works and luck a lot of luck at times people say they studied the market the make guesses on trends but no one knows where the markets gonna go untill it happens
My question is, is there a simple way to explain how tax works in trading? Long term vs short term gains?
Say if I make $2000 in day, when do i cash it out? How does that work? Would I need to save some for tax? Or is the tax paid right away? That part goes way over my head.
Hey Ariel, We are unable to provide any personal tax-related advice and cannot recommend a specific CPA. Tax questions will depend on your individual circumstances. I recommend reaching out to a local CPA in your area to get more information. All CPAs should be knowledgeable about trading transactions, but be sure to confirm if they have dealt with these kinds of situations before.
For our Warrior Pro members, chapter 18 of Day Trading: Strategies & Scaling (formerly the Small Cap Day Trading Course) (Part 2) is focused on taxes for day traders. We also have a few links on our website with some helpful articles we wrote about trading and taxes:
www.warriortrading.com/day-trading-taxes/
www.warriortrading.com/maximize-tax-returns/
www.warriortrading.com/mark-to-market-definition-day-trading-terminology/
Taxes for Day Traders Video: ua-cam.com/video/WJHgMDyNXKo/v-deo.html
I was given the impression that unless you have $25k, the only way to have unlimited day trades was with a cash account, having to wait for cash to settle. I have TDA, can I have a leverage account to keep day trading?
It is possible to day trade with as little as $500 using an offshore broker. 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/
Nice Content You have here on this Channel, I've been following your videos, but I still don't have a knowledge on how to trade on Cryptocurrency
Same here, I wanted to trade crypto but got confused by the fluctuation in price, I wouldn't want to invest my money and end up losing it.
You can chat up Expert thessy
On WhatsAp
I need to learn where to start as a complete rookie.
If you haven't had a chance to attend yet, 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/
I put 10k into Tesla a couple weeks ago when it was $340, now it’s at $546!
That's amazing! Great job Brian!
$6000 in two weeks off a 10k investment, pretty good I guess! I reckon though you could make the same day trading, without the risk of prolonged exposure to the market.
Sell !!
And.....£1000 in eua-lon last Oct/Nov would be £14,000 before the stock was suspended last week pending.....sale?
It’s still going up. Seven hundred some now
Ross, I found this video as I’m trying to set expectations and goals for myself. I’m going to be rolling over my Roth 401k into a Roth IRA to fund my day trading account. My question is this: Why do you think about trades in terms of share size instead of dollar amount? Ie 1000 shares (at $2.5/share for example) instead of thinking of it as a $2,500 position. I’m not sure why but I’m really having a hard time wrapping my head around this haha.
I’ve been following you for a while now. Thank you for all the content you put out.
Here as a beginner I hope to learn a lot from you Ross! Cheers 🥂
Thanks for watching!
In my opinion, this is definitely top 3 most important beginner day trading videos to watch. Extremely informative. Thanks for your hard work!
I really appreciate that, thank Bennett!
what are your other 2?
I think this page will be instrumental in my learning process. Good stuff for me, a complete beginner!
Hey Joshua, If you haven't had a chance to attend yet, 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/
What if the price per share is worth 150?
STRN short squeeze 🚀🚀🚀 super low mrkt cap
I do futures with a 6k a/c. What do you think a good daily goal for me is?
That really will depend on your risk tolerance and strategy.
My risk tolerance is 5% per day, and I’m trading breakouts on the 5 minute chart most of the time with an occasional divergence off key levels.
I hate when they say you can grow your account 10% a year but i appreciate you show me how can i grow my account 10% aday with small money thnks
Mohamed, I'll be starting the small account challenge soon, stay tuned!
@@DaytradeWarrior is it possible to just purchase the small cap class without having to pay for the full pro class? I don't need the futures, options, or large cap classes.
That quote usually refers to investing into long term stocks
Hey Warrior! been watching your videos for two days now. I am starting at the very beginning with around $1000 Thank yo so much for the inspiration. How can I find high moving low priced stocks that are easy to manage like the example? Cost efficiently of course.
Hey Max, By using stock scanners.
Thank you so much. I thinking to start. What platform do you recommend if I trade 10 times or more week
You're welcome!
I started following you consistently since February. Your trades have made me just shy of $40k clean. Thank you, brother!
That is fantastic!!
definetly a difficult questions, considering that each one of us start at different points. Also putting more money does not necessarily mean you know how to manage them. That will come with time, but having less money, forces you to focus on get better entry points. Thanks for the video
That's true, hope you enjoyed!
How do you keep Morgan from taken all my shirt and short off me, if it wasn't for Morgan high standards, I mit gave it a try, Question??
STRN short squeeze 🚀🚀🚀 super low mrkt cap
So curious, any recommendations on reputable NON US brokers - so as to avoid the PDT rule? Keep up the great work and please and thanks in advance!
The best way for you to learn more about brokers that allow us to bypass the PDT rule 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/
How do I find an off shore brokerage and do you have any suggestions of what broker to trade with
Did u got any answer yet?
@@NidalAkoudad-qp8pn no still waiting. He liked the question but never said anything
Look at the comment just below. He answered the question two days ago. Good luck
Hello my man, I am a young man 18 years old very inspired and motivated to get into day trading, where do you suggest getting started?
Hey Derek, If you haven't had a chance to attend yet, 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/
Thanks alot for getting back to me, very much appreciated.
"Good catch, thank you for the compliment also".
What an ace 😂👊
👍🤓
How can I start with 500? I have never done this before
I'm somewhat at the beginning of my journey, watching UA-cam videos, demo trading and trying to learn some of the lingo. I feel a little all over the place and feel as if I'm trying to learn too much at once. If it's not much to ask i'd love to know what your thoughts are on where the perfect place is for someone like me to start.
Awesome, our UA-cam is a great place to start. 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/
@@DaytradeWarrior awesome, thank you heaps. I'll be there!
So if your stuck with the 3 per app trades a day. Can you sell the same stock multi times until you put. Taken profits up? Or would each separate sell be a day trade? What over seas app do recommend? Watch you every morning for couple weeks. Thanks for all you help, insight and knowledge.
You can find examples of day trades here: www.warriortrading.com/pattern-day-trader-rule/
Hi, I am 15 years old and just recently found you UA-cam account. I am really into personal finance and making money in the stock market. I do not have a lot of money to start off with and no prior experience in day trading. I would be grateful for any advice that you would be willing to share with me.
You won't be able to open a trading account until your 18, so keep reading and studying in the meantime!
Hey Teddy, that's awesome to hear. Unfortunately, Warrior Trading cannot provide support or services for people under the age of 18. As such, we won't be able to help you with your query.
It is important to note, if you're under the age of 18, you won't be able to legally trade. However, you could still open what's called a custodial account with the help of a parent or guardian. You can ask a parent or guardian to read more on custodial accounts here: www.warriortrading.com/5-things-to-know-about-custodial-account/
I hope this is helpful.
Nah bruh, you don’t need to be 18 I’m 15 and trade stocks. Just set up an account with your parents. I’d recommend webull or Robinhood. Just ask your parents to set up an account for you and let you use it as your own.
Mason Lingle This is all well and fine until you accidentally obligate your parents into hundreds of thousands of dollars of debt on margin lmao
yes, a list of reliable, safe, inexpensive, and TRUSTWORTHY offshore brokers would be nice.
I recommend checking out CME Group: www.warriortrading.com/capital-markets-elite-group-review/
I recommend Asenath jones are strategies are superb her trade uses a stop algorithm that pauses your trade at the sign of any loss so you make profit 100%.. And the company is entitled to 10% commission of your total profits (+ 13072759299)
Why dont just have an offshore account with $10-30k so you can leverage 4X instead of 2X? is there any risk associated with offshore accounts?
Offshore brokers generally charge much higher fees.
They have higher fees and worse execution times.
I've never traded a day in my life,any suggestions for a 42yr old newbie wanting to seriously get started in the stock business 🤔
🤓👍
If it wasn't for the PDT Rule a great majority of Day Traders would be in hole every time they miscalculated the market .
I agree!
I started with $600 and I lost around 265$ during my “learning” period.
It's always tough starting out
Do you trade forex or stocks? Or both?
@@DaytradeWarrior
I have $80,000 liquid cash. I just started watching your videos! Do you think I have enough to get started doing the Day Trading?
@@Chris-zi9bb Nice Flex
@@ventzp2133
That's only what I'm willing to drop into a trading account until I learn the ropes a little! I purchased some Microsoft a few days ago. I made $0.11.....lol
Ross, I’m trying to get into day trading starting off with just short of $3000. Everything I’m learning makes sense and I’m even making about $2 a day right now. But now my question is what are news sources and programs I can use to better predict the market? I want to be more confident in my trades! Love your videos!
www.warriortrading.com/the-5-best-tools-for-day-trading/
Ross I am truly just beginning, never traded, will have only 500 to start, really like to know where I should start. Watched a few of your videos, US citizen, will start slow to learn, so just need guidance
If you haven't had a chance to attend yet, the best way for you to learn more about trading and how you can get started 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/
Great video, and a great explanation of leverage. If people listen to this video and understand it in its entirety, he basically told you how to get rich in under 13 minutes. I'm suffering from paralysis of analysis myself, but this video has great value in it if you pay attention.
Thanks for watching!
id love to start day trading, ive been saying it for years now but I've always been to afraid to take the dive. fear of not knowing enough to start or where to even start im going to be checking out some of your links but i wanted to say thank you for making this very informational video for us.
Thanks for sharing! If you haven't had a chance to attend yet, 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/
May I ask what software do you use for this day trading
Good question
hey just so you know im a 15 year old who has been watching your content just so that i can start to understand how the world works. cool stuff bro. i wonna get a head start on knowledge so when i get older I understand the market and can trade efficiently. again, this is all just really cool to watch
Thanks for sharing, that's awesome to hear. Please note, that Warrior Trading cannot provide support or services for people under the age of 18.
Answer: 25k
That's true, unless you open an offshore brokerage account!
@@DaytradeWarrior what broker would you recommend?
beginner here, thanks for the guidance!
Happy to help!
How can I get started
Hey Clifton, If you haven't had a chance to attend yet, 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/
What if you just open up 3 brokerage accounts? One on webull, Robinhood, td Ameritrade? Then you would have 3 day trades per day. Or if you open even more brokerages than 3... wouldn't you get more day trades?
Yes that is definitely something you can do as well!
Thank You! Simple, clean and concise. Your a good human being.
You're welcome Ali!
Absolutely loved this video! It helped me so much
By the way, what trading platform do you suggest beginner traders in the UK to use? Stuff like interactive traders or something? Thanks
I'm happy to hear that! 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 Rebate Program: www.warriortrading.com/cmeg-broker-rebate-program/
CME Group website: cmelitegroup.com
For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA Even Canadians:
TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/
TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/
TradeZero website: tradezero.co/
STRN short squeeze 🚀🚀🚀 super low mrkt cap
Sorry you answered this question thank you 🙏
I don’t like how simple it seems, so many variables can lead this the wrong way fast
Leveraging will put a lot of people in debt real quick if they go red on their stocks
Stop order.
@@edwardsfinancial yes but new traders drunk on the idea of making lots of money should not jump into leveraging funds until they know what their risks are. You still lose money on stop orders even more so when you’re leveraging 75% of your investment. Now you have to make that much more to cover that loss on the next investment. I think he should also include the risks of this type of investing.
As a novice, who wants to learn day trading, do you have a step by step guideline for what to do (International Broker, scanner, set ups, etc)?
We recommend educational courses and a simulator before trading live. To learn more about our programs, we'd recommend checking out our 14 day Warrior Pro Preview, you can learn more and sign up here: warrior.app/pro-preview
I just watched your video comparing US and Off shore accounts. Can you recommend an Off Shore Trading Company to Day trade with ? I am with Interactive and you make a great point with the limitations they put on us. Thank you for your video!
I personally used CMEG, www.warriortrading.com/capital-markets-elite-group-review/
Which offshore broker sites would you recommend? Ive found forex but am having a hard time trusting which site to start off on. Love your videos, will be taking in all your advice
Did ya find an offshore broker yet
Thank you very much for breaking this down. I appreciate it!
Of course, happy to help!
Thanks for watching...
W~H~A~T~S~A~P~P
+1~6~0~8~7~2~8~8~3~0~7
^For^ ^more^ ^profitable^. ^investment^
Hello! Great video! How do you trade I the carribean or outside of the US? How can I participate in one of your challenges?
By using an offshore brokerage account. 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/
This was honestly the exact information I needed to hear. Thank you. Really helped my head get wrapped around a couple questions I had.
Glad it was helpful!
I just discovered your channel with this video and it blew my mind! I really appreciate how you take the time to break everything down aven for total noobs like me. Will you be doing any small account challenges similar to this in the near future. I just got into trading and I want to learn to trade so I can live my dream! Let's Go!!!!
Clear, concise and straight to the point. Subbed and liked 👍
Thank you sir!
This is the stuff that actually makes a difference for people👍👍👍
Thanks for watching!
It’s crazy how you’re the first trader who made things plain and simple and understandable .. I know this is just a small topic but I understood a lot from this .. will be following for more
Thanks for watching!
Did you benefit from this guys information?
What plataform do you recommend to use for offshore day trading?
*Thanks for the feedback~~~if you have any ideas you want me to talk about feel free to chat me immediately for more enlightenment ~~ 🇼 :🇭 :@🇹 :🇸 :🇦 :🇵 :🇵 •••🇲 🇪 • 💬+1 (413) 354-9698.-_*
Great video, what is a good USA brokerage ? I have Sofi and Webull but looks and feels very slow and limited. Thanks
For accounts over $25,000, you can look into Lightspeed (available to US and most international residents except Canada and Australia).
Lightspeed review: www.warriortrading.com/lightspeed-trading-review/
Lightspeed Rebate Program: www.warriortrading.com/lightspeed-broker-rebate-program/
Lightspeed website: www.lightspeed.com/
For margin accounts under $25,000 (as little as $500), you can take a look at CME Group (available to US and most international residents except Canada).
CME Group review: www.warriortrading.com/capital-markets-elite-group-review/
CME Group website: cmelitegroup.com
Most international traders can look into TradeZero (available for accounts as low as $500, or $1,000 for our Warrior Pro rebate program. Not available for Canada):
TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/
TradeZero rebate: www.warriortrading.com/tradezero-broker-rebate-program/
TradeZero website: tradezero.co/
You can use this link to help you decide which broker might be good for you: www.warriortrading.com/how-to-choose-the-best-online-broker/ and www.warriortrading.com/stock-broker-essential-guide/ For more information on options available for day trading with less than $25k, check out this article here: www.warriortrading.com/how-to-day-trade-without-25k/
Can you not trade on the weekend or something? Why are weeks 5 days long?
Caleb, the markets are only open Monday-Friday.
What about if I had two 5k accounts in the US. Would I be able to trade 6 or 8 times per week?
Yes you can have multiple accounts to get around the PDT rule!
Man I've started an account with $1,025 , and I was able to grow this to just under $10,000 in 4 1/2 months. I was only trading options on the QQQ. I was making .10-.40 cents profit trading 8-10 contracts. And some days I had loses. Pretty much trading 3-5 × a week in a cash account, because trading in a cash account I could trade every day, 5 days a week if I wanted to. I did this in a OptionsXpress account who bought out by Schwab. There's no better way to create wealth in my opinion. Peace out.
Nice Joe congrats!
Can you give an update on how its going now?
you're a genius sir, i must confess, watching you from Nigeria 🇳🇬
Thank you for explaining this in a way I can finally understand!!
You're welcome Kimberly!
Your videos are amazing! I’m learning so much from them. I was wondering, in this video you talked a lot about the upsides if the off shore accounts. What are the downsides tho? Surely there has to be some. With the leveraged money, is there consequences if you lose the “borrowed” money?
Yes, you get liquidated and lose a major part of your invested money, same risks as investing in very volatile assets.
STRN short squeeze 🚀🚀🚀 super low mrkt cap
another downside is higher fees than onshore brokers
The process by which one accumulates money is so simple, yet so hard to implement why?
Mostly it's a mental challenge, the human instinct to hold losers and sell winners makes it a mind game to conquer the markets!
Hmm well said, very true 👍
It very simple we tend to rush into the forex market.... study, ask for help or support and surely you will become successful
I learnt that it's better to trade with the support of an expert i learnt this the hard way after i blow up my account 4 times i later got professional help from Ms Rebekah Naumann she guided me to my first profit in forex
@@tasiaverno7808 Where do people find her advice?
I start to learn.
Like your attitude, staying simple, while having so good results.
Appreciate very much your videos.
with leverage, if I "borrow" $2500, how then, if I go up from $3500 to $3600, do I keep the $100 profit being that I borrowed the money? I would assume it's not free money? And to follow up on that, would that $100 be withdrawable?
Yes in the hypothetical you keep the profit. Your account would be $2600 the next day, or you could withdraw it.
If you want to be successful have the mindset of the rich spend less and invest more., Don't give up on your dreams. I pray that whoever likes and reads this will be successful.
Success people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
👍🤓
With my knowledge and current capital I’m aiming for $50 a day and later on I’m going for 200 a day
That's a very reasonable goal!
Ross, I've just started following your channel. You mentioned you are revising your learning programs. When should we expect to see the new programs?
Thanks Richard! And very soon!! Stay tuned!
Thank you for the clear and focus presentation! what are the disadvantages of having an offshore broker and can you name your favorite offshore brokers?
CMG is one of Ross' favorite offshore brokers, and you can see our thoughts on them here: www.warriortrading.com/capital-markets-elite-group-review/
I looked into them and they seem decent but intrest rates on margin and high fees are concerning me as a rookie.
Yeah seriously thank you. There’s literally no videos that have near this quality and just everything about it is way better than other youtubers
Missed one
I appreciate you!
Amazing video! I'm new to all of this. What's the best and most legit site to start out in the Uk. Thank you
If you haven't had a chance to attend yet, 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/
Hello Ross, Excellent Video! Can you name a few off shore brokers to trade with ? Thank you and keep up the good work man!
Hey Team, you can check out CMEG here: www.warriortrading.com/capital-markets-elite-group-review/
I'm a newbie but very interested in learning . Can anyone recommend me a video/ book to begin and learn ??
If you haven't had a chance to attend yet, 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/
@@DaytradeWarrior recently I've been watching alot of your videos and hoping to someday establish something for myself and hopefully 1 day I can't quit my job working from home just like you
Oliver Velez,also teaches on UA-cam and has books and dvds, DA MAN
@@nicholaslogan8295 more details pls?
Hey Ross, thanks for explaining this in such a simple way. My doubt is, if the broker is not in USA, how will it effect our taxes ? Do we need to pay tax on gains in two countries?
We are unable to provide any personal tax-related advice and cannot recommend a specific CPA. Tax questions will depend on your individual circumstances. I recommend reaching out to a local CPA in your area to get more information. All CPAs should be knowledgeable about trading transactions, but be sure to confirm if they have dealt with these kinds of situations before.
For our Warrior Pro members, chapter 18 of the Small Cap Day Trading Course (Part 2) is focused on taxes for day traders. We also have a few links on our website with some helpful articles we wrote about trading and taxes:
www.warriortrading.com/day-trading-taxes/
www.warriortrading.com/maximize-tax-returns/
www.warriortrading.com/mark-to-market-definition-day-trading-terminology/
Great catch Ross!
Thanks Luke!
My husband has talked to me about this. I stumbled across your video. I’m eager to learn more and make some money. Thank you for sharing your knowledge. Do you have classes?
If you haven't had a chance to attend yet, 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/
@@DaytradeWarrior thank you I will be attending today