This video literally turned around my losing streak. Thanks for teaching exactly what to look for in the candle chart. I haven’t seen another video getting this specific about how to see real confirmation before entering the trade.
@@DaytradeWarrior I’d like to join your course because I want to go back trading as a beginner hopefully become a pro in the future. I have a 9-5 job how would I be able to come up with a strategy
He is amazing isn't he? I could not believe the amount of "valuable and useful" information he shares with people on youtube.com when I first ran into him. Ross is so humble and so confident, so peaceful. So appreciative
You are the man! I’ve been watching your videos all day, every day for the last week or so. I appreciate all the quality content you put out there to you viewers
I started from the beginning of your videos, have a goal to watch all of them, you are awesome at teaching. Even a video from ten years ago, you were able attract and keep my attention the whole time. I'm saving up to purchase your full class as we speak and trying to become a consistent trader. I have ten hours of your content watched in the past three days! After every video i feel more confident and understanding in what I'm doing. Thank you for what you have done and are still doing, we all appreciate it Ross! Sincerely Dedrick King Waukesha, Wi. U.S
Thank you. I find buying the pullback (the dip) yields far better results than buying the breakout (the rip). I'm glad you noticed that too. You have a different take on it which gets me in the trade faster. Your teaching skills are superb, and rare. I am at loss of words. The possibilities are endless. Thanks again.
I'm really pleased to see in real time how this charting works. Thank you for the simplicity as well as the beginner vernacular that you use to explain. It gives me an opportunity to comprehend the meaning of terms while continuing to follow your teachings. THANKS!
Although this video is 5 years old, it is still awesome and I highly appreciate it! Just a question how do you scan for potential Gappers during premarket?
This is EXCELLENT info, im new to day trading and taking the prescribed steps, paper account, education, etc. this kind of info is pure gold, keep up the great work!!!!!!
After 5 days of good trading which was my first week live, had a bad day today, needed to come back to this video and drive all of the points back home and start over tomorrow. Im sure it wont be the last rough day but will persevere!! How many of you other day traders recall doing the same thing?
Wow you made this video so many years ago, I just started trading but this is the best video I’ve watched thus far! God bless you!!! Thank you for taking the time to teach us💛🙏🏽
This is by far the most valuable video I have seen on the subject. The delivery is clear and the content is made very understandable. Thank you for posting
I can’t say this is my favorite because I have learned many unknowns prior to Warrior popping up in my ‘recommendedes’ not a real word. Going 8 years old and still rock solid.
@@DaytradeWarrior How do you enter your trades fast enough to set your buy and stop? Do you do it simultaneously? Or is it separately? This is your best video I've seen so far. It really helped me a lot.
Robert Crow I'm investigating that as well but I'm using Schwab. But I think the answer is to just go ahead and get lightspeed or thinkorswim. I'm going to do a month of simulator trades then dive in with real money
@@norfolknwhey4787 Used Webull today on LODE after watching this video for the first time last night. Worked BEAUTIFULLY. Actually got in an out with better than my limit prices!
Wow!!! That helped me understand soooo much already not even 24 hrs into subscribing!! I cant wait to spend countless hours watching your videos learning all I can!!!
Oh, my lord, these "old" videos are so valuable. It feels like listening to the God of trading. (I just gave back to the market my 4 months of profits in the last week. So, I am on my trading rehab - alá watching all the old videos that got me into trading.) Thanks again Ross for sharing your knowledge with us! (I believe that my mistake this week was due to the huge share sizes I took in a not high enough volume stocks. -- BIG Rookie mistake)
I learnt a lot from this 15 mins video! Thank you very much. from what you explained, you are really quick as thunder during trading. Slow motion might cause less profits or even a loss !
Ross, I just came across your channel after searching momentum trading.. since November I’ve learned a few different types of trading methods... mostly swing/long term types of trading. Short swing trading and with some intraday I’ve turned 11k into 75k... I’m more interested in learning this momentum style pattern trading, and every discord I’ve ever been in has trash talked me for this! I’m super grateful that SOMEONE IS TEACHING THIS! Even though it’s 7 years old I’m hopeful this pertains to today’s market. Cheers mate, I look forward to seeing what you have to offer. (If you have a newer series please hint me in because I’m seeing TONS of videos on your channel 😂)
as a beginning trader within the first 3 minutes I received priceless knowledge ! and of course the rest of the video was just as amazing! thank you so much for putting out amazing videos man ! I will be joining your group soon .😁
@Warrior Trading How do you enter your trades fast enough to set your buy and stop? Do you do it simultaneously? Or is it separately? This is your best video I've seen so far. It really helped me a lot.
Very helpful. I really appreciate this. I’ve been reading up on all this info for a couple of months. This makes a lot of sense to me now. Great tip about the sell off vs the volume. I went and reviewed a trade from last Friday and I wish I would’ve known that, but now I know! Thanks!
One of the best videos!!!!!! the other ones are fine too, however this one is showing such clear and understandable instructions, very easy to follow and actually understand!!! (in contrast to some of the others more vague). I love this one!!! I'm definitely sharing it!
True and there is absolutely nothing wrong with it. He is giving something with real value as a teaser to draw attention to his other products which you have to assume also have real value.
Hey Bob, I work hard to make our Warrior Trading classes as comprehensive as I possibly can. I'm really happy that you're learning a lot! Have you been joining me in the chatroom?
Great video thank you ross! :) you do a nice service for us all.. and im sure that is also why you have been blessed with so much success! those who take care of others are always taken care of! love XO
Ross After weeks of configuring TOS to find these breakout/gappers, this video was the icing on the cake. Consistent gains brother. Thanks for all you do.
Thanks to you and all those out there taking time to explain the concepts to a novice Iike me. I have to learn charts, MA, volume and how they all work together. I'm getting it slowly but surely.
Ross, thanks for posting this. Great video. I wonder why you never enter your trades from the get-go -say @ around --9:29:40-- am- and make your quick profit. You can put a tight trailing stop -or stop loss- just in case if the chart goes down. Plus, level II gives you a rough idea of the direction the chart will take...I really wonder your reasoning?
Although this video was made a little while back, it's still very very much relevant today to successfully day trade IMO. I'll have to watch it a couple more times. All your videos are well done, and easy to understand.
On SGMO you are using the 2 minute candles there? Are you playing the green candle breaks over the red with the 2 minute candles or the 1 minute? Why the 2 minute break on that instead of the 1 minute? how do you put it all together? Why did you decide to use the 2 minute instead of the 1 minute for that particular stock in that moment in time?
Wow! I have watched this over and over (with many 10-second rewinds). Because I could not see the candlesticks too well, I had difficulty understanding your exit strategy. Exit strategy is when the low of the red candle breaks the low of the previous green candle (I think). Is that pretty much right?
Regarding the entry... When the green candle breaks the high of the red candle... Are you looking at the close of the green or the high of the green breaking the high of the red candle?
If you haven't had a chance to attend yet, the best way for you to learn more about how you can watch Ross trade live every morning 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/
Awesome video Ross. For the first example, is there anything you can do to identify the gap pre market opening or do you have to react super quick (eg within 3 minutes!)
Hi Ross, How do you consider yourself as a trader? Small gains or aggressive? I consider myself a very small and incremental trader. I don't believe in looking for 'home runs' and that incremental gains are more sustainable. But when i look back at my trade selections I feel I am not aggressive enough? I take profits but as a very reflective person, I question whether I am not aggressive enough?? Do you think incremental gains are more important than occasional big wins? Only from your trading history and not your philosophy
Hey Craig, if you're a member of Warrior Trading, I highly recommend reaching out to us via email, our trading support team will be very happy to help! - team@warriortrading.com
this video is pure class mate, i want to sign up and work with you ross in the future. Thank you very much for your videos and for doing the $500 series. Thanks mate
I just started trading stocks, and day trading, never really like the stock market, always thought it was rigged, just for rich people, I'll tell you i am losing more money than earning, 🤔 watching your videos is frustrating and instructional, i mean frustrating as to how easy you make it look.
Hey Al, 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/
You might know by now I'm a huge fan. Within 2 minutes you say something about NEWS. Could you answer my question or make a video that describes circumstances in which you would move on NEWS, TACTICS, or a combination of both? Also, what makes a news story hit your radar other than it being JUST a news story? I consider news stories the back end of my watchlist. How would you move your trades if your watch lists and news were running in opposite directions? Thank you!
Hey! So news just means there is a fundamental catalyst. That's important because it reduces risk of T12 halts, and it increases likelihood that other traders will take the move more seriously, and maybe be more careful about shorting. When we actually look at the headline, we prefer it to be decent news, and not just a fluff piece. The more yuo watch my recaps the better you'll get at understanding the difference.
Hey Ross, i remember liking this video a while ago. Just decided to watch it again and MANNNN is it helpful. At first, i didnt really understand what you were talking about but now that ive gotten a little more experienced, I can really appreciate the information given. Much love!
@@DaytradeWarrior hey... Ok so I tried this strategy and really got f*cked today lmaooo. I thought I was doing everything right but I thought wrong and damn near lost 12%. Smh. Heres the thing that really was the cause of my L.... I traded with ZERO day trades left. It was my fault and i paid dearly for it. I broke my number one rule of not trading unless I have day trades available and I got burned. Moving forward, my question to you is if I enter into a trade tomorrow (I have 1 day trade available now) the typical margin of profit is most likely only going to last a couple of minutes, right? So im worried about how to exit the trade. Should I set a stop loss or just do a limit sell as soon as I see the first red candle? I dont want to set a stop loss and then get filled at a completely wack price, nomsayin? Kinda traumatized from today and cant afford to take anymore Ls in the nesr future. Lol thanks
Hey Ross, great video. Thanks for sharing. You said that when waiting for the entry in the bull flag pattern you are looking for a green candle to break the high of the previous red candle. In the video you are using a 2min chart and I know that you said you are using a 1min chart when trading live. When you are looking at the charts in realtime are you waiting for a 1min candle to close above the previous red candle or are you just buying once it breaks through?
Hi Ross, So in this video you talk about not buying right out of the gate so you wait to enter at the pull back. However in other videos youve mentioned that you buy in the first minute or two. I'm curious how you decide when to buy at the open, as ive noticed there is a lot of money to be made there if you get in the initial upswing for a gap gainer. On the other hand, it seems risky since youre not waiting to buy at a low/reversal. Ive been watching your videos for the past few days and am VERY new to trading. I used your charting methods to look at all my trades and have come to the conclusion ive simply been buying at the wrong time. I'm planning on purchasing warrior starter in the next few days as well. Best, William
Does the market condition matter for those set ups and strategies? I mean, does it work when SPY is green, but does not when red? Or it does not matter at all?
Just starting off and my question after watching this is, what’s your advice for traders that are limited to 3 day trades in a 5 day trading week? Most of these plays seem like quick day trades. Clearly I’d have to hold some stocks since my acct is restricted. Not sure how the scanners play in for swing trades. Thank you! 🙏🏼 loving your channel & studying your videos as much as I can!
Hey Samantha, As you may know the United States has what's called the Pattern Day Trader (PDT) Rule. That means you need a minimum of $25,000 cash balance in your broker account in order to day trade more than 3x in a 5 day period. Since most traders take 3-5 trades per day, they are considered Pattern Day Traders. Many of our new students don't have $25k. There are brokers that are based off shore that do not adhere to the PDT rule such as Trade Zero (non-US only) and CME Group. You can learn more here: www.warriortrading.com/pattern-day-trader-definition/ , www.warriortrading.com/how-to-day-trade-without-25k/ , and here ua-cam.com/video/CDPxDCMHM10/v-deo.html You can open a brokerage with as little as $500 at some places. For the rebate program, TradeZero (Non-U.S. students only) requires a minimum of $1000 to qualify for rebate and Lightspeed required $25,000. But there are brokers that require only $500 to open an account, such as CME Group. You can learn more here: www.warriortrading.com/tradezero-broker-rebate-program/ and here: www.warriortrading.com/cmeg-broker-rebate-program/ I hope that makes more sense!
@@DaytradeWarrior thank you so much for your reply! I started with Robinhood & Webull, but since in the United States and under $25k I’m limited. Just unsure how most ppl in my position work around building the PDT restrictions in order to build a strong portfolio. Feels like it’ll take forever at this rate being restricted
We have a gap scanner that's excellent for finding gap stocks. You could outright buy the scanners settings here: warriortrading.com/scanners/ but you may as well enroll in a course with those deals being more affordable. There is a special deal on the WarriorPRO system if you are interested. You can attend this webinar to learn more: webinar.warriortrading.com/signup We also provide the scanners via live screen share throughout the day in the chat room as a more affordable option. Obviously these are not customize-able since they are not running on your own machine. But they are visible and when paired with the chat room, make for a great resource for finding stocks.
These patterns are crazy, I can easily see these patterns and i can see getting the fastest up to date news and watching the volume so you know what other traders are planning , spotting these patterns early are crucial to capitalize . What are your success rates on the gap and go patterns ?
This video literally turned around my losing streak. Thanks for teaching exactly what to look for in the candle chart. I haven’t seen another video getting this specific about how to see real confirmation before entering the trade.
I'm very happy to hear that James! This is why I make these videos.
@@DaytradeWarrior I’d like to join your course because I want to go back trading as a beginner hopefully become a pro in the future. I have a 9-5 job how would I be able to come up with a strategy
Ive seen probably 30 hours of videos about stocks in the last week and this one by far i understood the most out of those 30 hours. 👍
Beautiful video. I'm almost in tears, with the amount I just learnt on entry and exit. Watching this just after your reading level 2 video
your a sick maniac, you need some help...
I feel like I'm missing a piece of this conversation.
lol holy shit this hilarious
He is amazing isn't he? I could not believe the amount of "valuable and useful" information he shares with people on youtube.com when I first ran into him. Ross is so humble and so confident, so peaceful. So appreciative
Watch this video over and over and let this information sink in nothing but value this guy gives so much value for free ..
Appreciate the support LaFlare!
This video is pure gold. Good work Ross.
This video is pure Bitcoin more valuable than gold 😀
@@Northstar2000 hahaha you guys are all right
Just watched it at least 5 times in a row.
You are the man! I’ve been watching your videos all day, every day for the last week or so. I appreciate all the quality content you put out there to you viewers
Thanks a lot Stephen!
I love your tutorials. Most don’t show the whole training but you do. Thanks a bunch
I started from the beginning of your videos, have a goal to watch all of them, you are awesome at teaching. Even a video from ten years ago, you were able attract and keep my attention the whole time. I'm saving up to purchase your full class as we speak and trying to become a consistent trader. I have ten hours of your content watched in the past three days! After every video i feel more confident and understanding in what I'm doing. Thank you for what you have done and are still doing, we all appreciate it Ross!
Sincerely Dedrick King Waukesha, Wi. U.S
Thank you. I find buying the pullback (the dip) yields far better results than buying the breakout (the rip). I'm glad you noticed that too. You have a different take on it which gets me in the trade faster. Your teaching skills are superb, and rare. I am at loss of words. The possibilities are endless. Thanks again.
Thanks for watching!
I'm really pleased to see in real time how this charting works. Thank you for the simplicity as well as the beginner vernacular that you use to explain. It gives me an opportunity to comprehend the meaning of terms while continuing to follow your teachings. THANKS!
Awesome! You're welcome!
Although this video is 5 years old, it is still awesome and I highly appreciate it! Just a question how do you scan for potential Gappers during premarket?
I use stock scanning software from tradeideas: www.warriortrading.com/trade-ideas-review/
This is EXCELLENT info, im new to day trading and taking the prescribed steps, paper account, education, etc. this kind of info is pure gold, keep up the great work!!!!!!
After 5 days of good trading which was my first week live, had a bad day today, needed to come back to this video and drive all of the points back home and start over tomorrow. Im sure it wont be the last rough day but will persevere!! How many of you other day traders recall doing the same thing?
I am watching this 6 years later but still makes a lot of value for anyone looking for a clean strategy cheers
Thanks for watching!
Wow you made this video so many years ago, I just started trading but this is the best video I’ve watched thus far! God bless you!!! Thank you for taking the time to teach us💛🙏🏽
You're welcome Julia!
This is by far the most valuable video I have seen on the subject. The delivery is clear and the content is made very understandable. Thank you for posting
Thanks for watching!
Wow Ross, I really got it! Now I feel I really understand this. I've heard it a million times, but I heard it this time. Thanks so much
You're very welcome Noemi!
I can’t say this is my favorite because I have learned many unknowns prior to Warrior popping up in my ‘recommendedes’ not a real word. Going 8 years old and still rock solid.
Great!
These older videos are fire, seriously, Thanks for keeping them up Ross.
Thanks for watching!
I'll watch this video every day till the end of times.
Yes!!!
@@DaytradeWarrior How do you enter your trades fast enough to set your buy and stop? Do you do it simultaneously? Or is it separately? This is your best video I've seen so far. It really helped me a lot.
Robert Crow I'm investigating that as well but I'm using Schwab. But I think the answer is to just go ahead and get lightspeed or thinkorswim. I'm going to do a month of simulator trades then dive in with real money
@@norfolknwhey4787 Used Webull today on LODE after watching this video for the first time last night. Worked BEAUTIFULLY. Actually got in an out with better than my limit prices!
Still watching this, Pooper?
Wow!!! That helped me understand soooo much already not even 24 hrs into subscribing!! I cant wait to spend countless hours watching your videos learning all I can!!!
Glad it helped! There's more where that came from!
Oh, my lord, these "old" videos are so valuable. It feels like listening to the God of trading. (I just gave back to the market my 4 months of profits in the last week. So, I am on my trading rehab - alá watching all the old videos that got me into trading.) Thanks again Ross for sharing your knowledge with us! (I believe that my mistake this week was due to the huge share sizes I took in a not high enough volume stocks. -- BIG Rookie mistake)
Great to hear that!
You need to pay special attention to Ross’s ‘Trading in Bear Markets’. BTW I know your pain (but that was yesterday).
Great video,very easy to understand and your tone of voice is perfect for teaching!
Thanks Eva!
I learnt a lot from this 15 mins video! Thank you very much. from what you explained, you are really quick as thunder during trading. Slow motion might cause less profits or even a loss !
You're welcome Katrina!
An oldie but a goodie. Thanks for all you’ve done for us Ross.
Ross, I just came across your channel after searching momentum trading.. since November I’ve learned a few different types of trading methods... mostly swing/long term types of trading. Short swing trading and with some intraday I’ve turned 11k into 75k... I’m more interested in learning this momentum style pattern trading, and every discord I’ve ever been in has trash talked me for this! I’m super grateful that SOMEONE IS TEACHING THIS! Even though it’s 7 years old I’m hopeful this pertains to today’s market. Cheers mate, I look forward to seeing what you have to offer.
(If you have a newer series please hint me in because I’m seeing TONS of videos on your channel 😂)
as a beginning trader within the first 3 minutes I received priceless knowledge ! and of course the rest of the video was just as amazing! thank you so much for putting out amazing videos man ! I will be joining your group soon .😁
@Warrior Trading How do you enter your trades fast enough to set your buy and stop? Do you do it simultaneously? Or is it separately? This is your best video I've seen so far. It really helped me a lot.
Ross this is one of the best videos Ive seen on stocks and even on most of your stuff. Thank you
You're welcome!
The holy grail of day trading videos. Thanks Ross.
That's some praise! Thanks!
Very helpful. I really appreciate this. I’ve been reading up on all this info for a couple of months. This makes a lot of sense to me now. Great tip about the sell off vs the volume. I went and reviewed a trade from last Friday and I wish I would’ve known that, but now I know! Thanks!
Glad to be able to share, thanks for watching!
I love watching these videos. If you follow Ross you realize how much his strategy has changed! He doesn't trade anything over $10 now.
I just learned so much from this video!!!! It's not as difficult to understand as many of the other videos on here. Thanks man!
the best video I've ever seen on technicals. straight to the point.
We appreciate that! Thanks for watching and subscribing!
One of the best videos!!!!!!
the other ones are fine too, however this one is showing such clear and understandable instructions, very easy to follow and actually understand!!! (in contrast to some of the others more vague).
I love this one!!!
I'm definitely sharing it!
Thank you! :)
Realistic Views what are those key infos?
ravel bella
key issue would be while ur in the trade to watch the level 2 for sellers coming in. But this is 1 one the best videos I've seen
True and there is absolutely nothing wrong with it. He is giving something with real value as a teaser to draw attention to his other products which you have to assume also have real value.
Excellent job Ross, you teach better when your slower and more deliberate, thanks
Thanks Dave!
I am just starting my Warriortrading Pro. education and this video is excellent. Clear and understandable.
Thank you Ross.
Hey Bob, I work hard to make our Warrior Trading classes as comprehensive as I possibly can. I'm really happy that you're learning a lot! Have you been joining me in the chatroom?
Thank you for being honest in these videos, I've been learning loads of new stuff from these.
Crazy how this strategy STILL works! Thanks Ross
Thanks for watching!
Ross I love your kindness in showing us so valuable information. Do I have to buy the course to see your live trading?
Thank you Dunia! Yes, the live trading chat room is only available to Warrior Trading members. www.warriortrading.com/trading-courses/
Thank you 1000 times, for explaining how to when shorts are piling in vs profit takeing
I am new trader and I watched all your videos good information thank you.
I really like his read on the early red candles volume indicating if this is a long entry or a short sale. Nice!!
Volume is key.
Wow, Ross's video here is a lot better in going through what to look for and the fine details I need to look for...I like this!
Glad it was helpful!
One of the best educational videos on the net. Thank you Ross!
Thanks for watching!
This video is one of the best videos describing a trading strategy on the ineternet. Excellence.
Glad to hear that!
6 years old but so much knowledge in one video, thanks Ross!!!
thank you!
Great video thank you ross! :) you do a nice service for us all.. and im sure that is also why you have been blessed with so much success! those who take care of others are always taken care of!
love XO
Thanks for watching!
Ross
After weeks of configuring TOS to find these breakout/gappers, this video was the icing on the cake. Consistent gains brother.
Thanks for all you do.
Awesome glad to hear it!!
You just blow my mind. Going back and using TOS on demand feature and this strategy is gold! Future student right here.
YES!!!
Have strong understanding of support and resistance/supply and demand, this video just through my plane in tail spin. Have to rewatch again
Thanks to you and all those out there taking time to explain the concepts to a novice Iike me. I have to learn charts, MA, volume and how they all work together. I'm getting it slowly but surely.
Glad to help!
Ross, thanks for posting this. Great video. I wonder why you never enter your trades from the get-go -say @ around --9:29:40-- am- and make your quick profit. You can put a tight trailing stop -or stop loss- just in case if the chart goes down. Plus, level II gives you a rough idea of the direction the chart will take...I really wonder your reasoning?
I prefer to get in and out quickly and limit my market exposure/risk.
Great man...the concepts really helps alot for me...appreciated the efforts...keep it up
It does help a lot Ross! Thanks for all the great work you are doing! You will massively reworded for helping others to live a better live! Thank you!
Thanks for watching!
This is such a great teaching video! Explaining stuff the way you do make it easier to understand!!
Thank you J! Don't forget to check out the website for more content: warriortrading.com
@@DaytradeWarrior Already on the website! Signed up for Beginner Kit and looking forward to learning!!
Great instructional video. It is extremely understandable the way you explained it. Thank you so. much:)
You're welcome Krista!
Although this video was made a little while back, it's still very very much
relevant today to successfully day trade IMO. I'll have to watch it a couple
more times. All your videos are well done, and easy to understand.
Thanks, glad they help!
Insane interesting. Im reading this book but the vids U make is like a speed dial of knowledge. Thanks man!
Glad you're enjoying!
This is amazing. Idk how much volume is a standard for doing gappers but I'll practice on my own and find out
Hey WhoWho, if you'd like to learn more you can here: webinar.warriortrading.com/signup
On SGMO you are using the 2 minute candles there? Are you playing the green candle breaks over the red with the 2 minute candles or the 1 minute? Why the 2 minute break on that instead of the 1 minute? how do you put it all together? Why did you decide to use the 2 minute instead of the 1 minute for that particular stock in that moment in time?
Sorry to hear that! Please reach out to us at team@warriortrading.com or warrior.app/contact
This video brings it all together for me. Pure gold. I’m a warrior student but this video rocks !!
Right on!!
Wow! I have watched this over and over (with many 10-second rewinds). Because I could not see the candlesticks too well, I had difficulty understanding your exit strategy. Exit strategy is when the low of the red candle breaks the low of the previous green candle (I think). Is that pretty much right?
Yes Mark that's right
Regarding the entry... When the green candle breaks the high of the red candle... Are you looking at the close of the green or the high of the green breaking the high of the red candle?
One of your best video Ross; Thank you!
Interesting, I saw this last yr and still learning it again!
Thanks for sharing!
Great Great Movie ! Thank You Ross the humble & Decent warrior
You're welcome!
Thank you very much for a calm explanation of the Gap and Go strategy! How do I join your premarket chat?
If you haven't had a chance to attend yet, the best way for you to learn more about how you can watch Ross trade live every morning 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/
This is your best video. Packed with key points
Thanks Jerry!
This is one of your best videos ever.Thank you
You're welcome!
Great, clear video. One question: how do you exit - by using market, limit, or some other sell method?
limit
7 years old and this strategy is still valid 🙌🏼
Amazing, right?!
Very informative and helpful video, thanks Ross! Also interesting to see you still trade FRAN after 6 years!
Thank you Jake!
Awesome video Ross. For the first example, is there anything you can do to identify the gap pre market opening or do you have to react super quick (eg within 3 minutes!)
Usually the gap happens when some sort of news comes out so it'd be about being quick enough to get in.
Hi Ross,
How do you consider yourself as a trader? Small gains or aggressive? I consider myself a very small and incremental trader. I don't believe in looking for 'home runs' and that incremental gains are more sustainable.
But when i look back at my trade selections I feel I am not aggressive enough? I take profits but as a very reflective person, I question whether I am not aggressive enough??
Do you think incremental gains are more important than occasional big wins? Only from your trading history and not your philosophy
Hey Craig, if you're a member of Warrior Trading, I highly recommend reaching out to us via email, our trading support team will be very happy to help! - team@warriortrading.com
This was super helpful!! Thanks so much for this Ross🙏🏾🙏🏾🙏🏾👏🏾👏🏾👏🏾
You're so welcome!
this video is pure class mate, i want to sign up and work with you ross in the future. Thank you very much for your videos and for doing the $500 series. Thanks mate
I just started trading stocks, and day trading, never really like the stock market, always thought it was rigged, just for rich people, I'll tell you i am losing more money than earning, 🤔 watching your videos is frustrating and instructional, i mean frustrating as to how easy you make it look.
Hey Al, 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/
Great info!! Do you always trade on 2 minute chart? some say trade on 1 minute others 5 minute.
Fernando, it just depends on how technical the entry needs to be. Sometimes 1min, sometimes 2min and sometimes 5min for entries.
You might know by now I'm a huge fan. Within 2 minutes you say something about NEWS. Could you answer my question or make a video that describes circumstances in which you would move on NEWS, TACTICS, or a combination of both?
Also, what makes a news story hit your radar other than it being JUST a news story? I consider news stories the back end of my watchlist. How would you move your trades if your watch lists and news were running in opposite directions?
Thank you!
Hey! So news just means there is a fundamental catalyst. That's important because it reduces risk of T12 halts, and it increases likelihood that other traders will take the move more seriously, and maybe be more careful about shorting. When we actually look at the headline, we prefer it to be decent news, and not just a fluff piece. The more yuo watch my recaps the better you'll get at understanding the difference.
Perfect. Thank you!
Thanks for the reminder!
You're welcome!
Thank you for helping me I actually made 80 centsof profit on MYO today...still trying to get this gap and go down perfect though....
Awesome, keep it up!
Ross I’m watching every video and joining the class!
Thank you! I hope you enjoy the classes!
Hey Ross, i remember liking this video a while ago. Just decided to watch it again and MANNNN is it helpful. At first, i didnt really understand what you were talking about but now that ive gotten a little more experienced, I can really appreciate the information given. Much love!
Love to hear it Leol! Glad I could help.
@@DaytradeWarrior hey... Ok so I tried this strategy and really got f*cked today lmaooo. I thought I was doing everything right but I thought wrong and damn near lost 12%. Smh. Heres the thing that really was the cause of my L.... I traded with ZERO day trades left. It was my fault and i paid dearly for it. I broke my number one rule of not trading unless I have day trades available and I got burned.
Moving forward, my question to you is if I enter into a trade tomorrow (I have 1 day trade available now) the typical margin of profit is most likely only going to last a couple of minutes, right? So im worried about how to exit the trade. Should I set a stop loss or just do a limit sell as soon as I see the first red candle? I dont want to set a stop loss and then get filled at a completely wack price, nomsayin? Kinda traumatized from today and cant afford to take anymore Ls in the nesr future. Lol thanks
Big volume on the ramp up, wait for support/pullback with low volume and the break of new highs on big volume again. Thanks Ross.
great video for someone who is eager to learn when will you have live classes?
Hey Dennis, No, but you can check out my classes here: www.warriortrading.com/trading-courses/
Hey Ross, great video. Thanks for sharing. You said that when waiting for the entry in the bull flag pattern you are looking for a green candle to break the high of the previous red candle. In the video you are using a 2min chart and I know that you said you are using a 1min chart when trading live. When you are looking at the charts in realtime are you waiting for a 1min candle to close above the previous red candle or are you just buying once it breaks through?
Good question. Ross?
+Justyn Hagen +Warrior Trading
Hi Ross,
So in this video you talk about not buying right out of the gate so you wait to enter at the pull back. However in other videos youve mentioned that you buy in the first minute or two. I'm curious how you decide when to buy at the open, as ive noticed there is a lot of money to be made there if you get in the initial upswing for a gap gainer. On the other hand, it seems risky since youre not waiting to buy at a low/reversal.
Ive been watching your videos for the past few days and am VERY new to trading. I used your charting methods to look at all my trades and have come to the conclusion ive simply been buying at the wrong time. I'm planning on purchasing warrior starter in the next few days as well.
Best,
William
Great content 👍 Are you still trading this morning high volume gaps?
Thanks Franco! I sure am!
best day trading video. period.
Thanks for watching!
Does the market condition matter for those set ups and strategies? I mean, does it work when SPY is green, but does not when red? Or it does not matter at all?
Just starting off and my question after watching this is, what’s your advice for traders that are limited to 3 day trades in a 5 day trading week? Most of these plays seem like quick day trades. Clearly I’d have to hold some stocks since my acct is restricted. Not sure how the scanners play in for swing trades. Thank you! 🙏🏼 loving your channel & studying your videos as much as I can!
Hey Samantha, As you may know the United States has what's called the Pattern Day Trader (PDT) Rule. That means you need a minimum of $25,000 cash balance in your broker account in order to day trade more than 3x in a 5 day period. Since most traders take 3-5 trades per day, they are considered Pattern Day Traders. Many of our new students don't have $25k. There are brokers that are based off shore that do not adhere to the PDT rule such as Trade Zero (non-US only) and CME Group. You can learn more here: www.warriortrading.com/pattern-day-trader-definition/ , www.warriortrading.com/how-to-day-trade-without-25k/ , and here ua-cam.com/video/CDPxDCMHM10/v-deo.html
You can open a brokerage with as little as $500 at some places. For the rebate program, TradeZero (Non-U.S. students only) requires a minimum of $1000 to qualify for rebate and Lightspeed required $25,000. But there are brokers that require only $500 to open an account, such as CME Group.
You can learn more here: www.warriortrading.com/tradezero-broker-rebate-program/ and here: www.warriortrading.com/cmeg-broker-rebate-program/
I hope that makes more sense!
@@DaytradeWarrior thank you so much for your reply! I started with Robinhood & Webull, but since in the United States and under $25k I’m limited. Just unsure how most ppl in my position work around building the PDT restrictions in order to build a strong portfolio. Feels like it’ll take forever at this rate being restricted
So far this is the only video that I not only understand, but also makes me feel more comfortable investing without loosing my ass.
That's great!
awesome explanation.
Would you be able to provide information about resources that one can use to find gap stocks. Thanks
We have a gap scanner that's excellent for finding gap stocks.
You could outright buy the scanners settings here: warriortrading.com/scanners/
but you may as well enroll in a course with those deals being more affordable.
There is a special deal on the WarriorPRO system if you are interested. You can attend this webinar to learn more: webinar.warriortrading.com/signup
We also provide the scanners via live screen share throughout the day in the chat room as a more affordable option. Obviously these are not customize-able since they are not running on your own machine. But they are visible and when paired with the chat room, make for a great resource for finding stocks.
Thank you so much! This is very valuable. I've been seeing the huge potential in gap up plays and this really helps to define a good game plan.
Great!!
Thank you Ross. I have a question. Do you use a market order on this type of trades or a limit order?
what a great video, you the man ross
Thanks Colton!
THE most practical explanation in a video! Thank you
thank you!
These patterns are crazy, I can easily see these patterns and i can see getting the fastest up to date news and watching the volume so you know what other traders are planning , spotting these patterns early are crucial to capitalize . What are your success rates on the gap and go patterns ?
Awesome Barry, my typical win rate is around 65% usually, though that isn't just on gap and go setups.
Hey Ross, great video! You did a great job explaining the entry point for CNAT but what exactly is your stop on that potential trade - VWAP?
Hey Boya, the stop would be the low of the previous consolidation, this way I can keep the loss small. Hope that helps!
How do you identify the potential gappers before they happen?