DAY 1 💥 of Day Trading with a $500 account 🚀 Small Account Challenge Ep 7
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- Опубліковано 29 вер 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior
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Thanks for being so awesome, Ross. These videos (and many others) are where the real truth lies: making trades, some good, some great, some not so great, etc...excellent learning opportunity for so many traders, and deeply appreciated. Keep up the awesome work...
Thanks for the positive feedback Dee, means a lot!
I must say I really enjoy re-watching all of these videos of yours because of how you show and explain your decision to take a trade using the level 2 and time and sales. Thanks a whole lot, Ross!
You're welcome Danny!
Complete beginner here, at 8:55 he says he knows that with a $500 account he can take about 200 shares of a $10 stock, 200*10=$2000... how does this work?
Hey Matthew, It's because I trade using margin.
@@DaytradeWarrior aha! thanks for the quick response. Didn't know that was an option but reading up on leverage and margins now.
Hey Ross, thanks for the video, always informative. I am curious, how did you execute 200 shares and have it go through. Even with a margin at $400 with a 4:1 that’s only $1600, when 200 shares at $9.87 is $1800?
I think I must have had the full 6x leverage on my account, which surprises me, but I've heard CMEG is inconsistent with how they enforce margin, so that may be it.
Any chance y’all could explain how this works? How can you buy more than you have?
@@Codywtkns I am a little confused about this too ☹️
Yea a little fishy. Especially when most people who would open an account with 500$ would only be able to use a cash account if they want to trade the way he is showing, which means no leverage.
I jumped into your $5 intro to Warrior Pro chat room and have learned so much from you this week!
Awesome!!!
Where can I sign up? Please
I have to say that as you’ve experienced, you will run into communication gaps, delayed responses, miscommunications, nickel and diming fees and sub-par service at CMEG.
Hey PM, I sure hope not, we'll see though!
Thank u , your video have changed my persepective of money
Glad it helped!
When you have a small account how many shares do you buy at once to make a profit?
How do margin accounts work?
I was buying with 90% buying power with max risk of 10% of the account per trade. This type of aggressive trading should only be attempted after going through our Warrior Pro course
Nice job today Ross. I was in the chat this morning when you bought at $9.97. You made a comment that one reason you bought when you did was because you saw the volume coming in. Did you see this volume while watching the level 2 screen or through the time and sales screen? Thanks!
I saw this on the time and sales window!
Hey Ross, love your vids, do you think you could try a small account challenge without margin one of these days? Maybe for the traders that want to purely use cash, you know? Freedom of broker choice and all...
👍🤓
Hey Ross, thanks for the recap. I have a question. You mentioned that you got stopped out holding those 25 shares. When the trade is going up, I imagine you are adjusting your stop higher than the entry level. The second stop you will use is it send with a hotkey? And which price takes into consideration? ask, bid or average?
Yes, I use a hotkey to sell on the bid -.05 to account for slippage.
Big question?
you had under 400$ and then bought 1800$ of stocks out the gate?
did I miss something?
He's using a margin account which lets him leverage his $400 up to 6x I believe.
Roos you rock, but I have a question. How were you able to buy 200 shares of a $9+ stock with only a $300 dollar account?
Hey. I’m a beginner. Love this video. Makes perfect since especially beginning with a low amount. Is there a way to begin and start turning with beginning with $100 to invest. I realized two weeks ago I had opened a app I had got a free stock that was at $127. I sold on then took $111 of that and bought a stock that was being heavily watched. I kept up with the news about this stock and sold gaining about $60 but it drove me crazy just watching it for a week not knowing how to set margins like I’m seeing in this video.....if setting margins is the right term. Decided while it was up to sell and try and get better educated on it before going further. Is it possible to begin with a $100-$200?
Thanks!!!
Wow you just made free money 😳
Can you please tell me the app which gave you free stock on registering?
Zerox if you deposit $100+ on webull they give you two stocks ranging from $8-$1,600. At least that’s what they say. I haven’t done anything with webull
Hey Ross, I am a newbie and just loved this video and the way you are explaining everything. You had my undivided attention. Looking to learn more and get into day trading. First thing first, do I need to have a min of $25K to start day trading? Looking for pointers on how to get started.
Glad you enjoyed as for getting starter, We actually get this question a lot, so we wrote a blog post to help explain in a little more detail. You can read it here: www.warriortrading.com/day-trading-for-a-living/
Hey Kay, No you don't if you go with an offshore brokerage. 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. It's free to sign up and you will receive a copy of my best selling ebook "How To Day Trade" just for attending!
Sign up here: webinar.warriortrading.com/signup
Awesome. Which broker were you using to do your small account trading without incurring the PDT rule?
CMEG
Nice, which brokerage do you use?
Greetz from Belgium, never late to discover some brillant people. Good continuation
Thanks Ponce!
Wow looking at this video back in the winter time...it almost made me feel cold. Its June 2020 now canada is hot !!!
Yeah, we finally started getting warm weather about three weeks ago, it was crazy. You can never tell when the seasons are going to change in the Northeast.
Hey Ross, great video! How were you able to avoid the PDT rule?
Hey Tony, As you 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 $500 to open an account, such as CME Group.
You can learn more here: www.warriortrading.com/tradezero-broker-rebate-program/ and here: www.warriortrading.com/cmeg-broker-rebate-program/
I hope that makes more sense!
Thanks Ross! Signed up for your Warrior Pro Class and so far it’s amazing. Looking forward to learning from you.
Seeing you trade live is a little overwhelming for someone just starting out. It brings up so many questions for me :P
But mostly:
1. Are there alternatives to Sterling that work similarly but don't cost as much? Could you come up with a free or low budget setup to substitute all of this software? Sure it says 2 weeks free trial for Sterling but as far as I could find it's 100+$ of subscription cost per month after that and starting out with 500€, no experience and low expectations makes that look like a steep price to pay, especially if I'd first have to learn how to understand everything that's going on on your screen and how to use it.
2. I assume anything much slower than this is sort of pointless or at least makes trading profitably more difficult? I live in Germany and have been looking at brokers in Germany or at least the EU but on most of the sites I haven't seen a lot of information about hotkeys or software that comes even close to the speed and amount of information that you see there.
1. If you are planning to use CMEG, Sterling or DAS are the only options and they both have a monthly fee.
2. It's definitely recommend that you sign up with a fast broker like CMEG or Lightspeed as execution speeds can be tough for day trading at other brokers
@@DaytradeWarrior thanks for the advice 👍
Ross, I’ve been watching several videos of yours. I’m brand new to this and want to learn with a small account. What do I need as minimum you get started/practicing?
Thanks!
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 start w/500, fees are approx $120, stock went up you made $156.. are you taking the fee of $120 from the $156 ? I'm COMPLETELY new to this. I'm trying to understand the basics. Did you earn $156 or $36 after fees 🤔
@@numbernine3436 that varies with the broker. I use ToS through TD Ameritrade because there are no fees.
@@AlienBros are you still using them?
@@karizkhan5147 Yeah I haven't had much of an issue with them aside from once where their software went down for about half day several months ago. Otherwise they have been alright.
A few confusing things here and maybe its the platform you are using. First - How do spend $1000 with a $400 account? Most platforms you dont get margin until after $2000. Second - How are you day trading with $400-500? The biggest downside of a small account is PDT. In this example you used 2 day trades and would be done for the week after 1 more. I know its old vid and im late to it but just wanted to ask anyway lol
Hey Tazz, As you 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!
when you fast forwarded your full trade video towards the end the stock went down into the $8 range. Are you able to go from long to short if you wanted to? Can you even short on a small account like this? If so, what stopped you from doing so? You went from a surge of like 50 to 60 cents up, to dropping $2, wouldn't that have made you a bunch more money?
So your broker gave you 4x leverage on a small $500 account??
That's right!
Ross... CMEG says 1:1 leverage under $500 ... am I missing something?
It does! I thought the same, I'm not sure why I didn't get flagged, but I heard students mention that CMEG is inconsistenty with how they enforce margin rules, so that may be it.
Warrior Trading i remember with suretrader the minimum to fund the acct was 500 but they’d allow you to continue trading if you dropped below 500. maybe same deal here
CMEG says they don't open account for Canadians. Yet they sent me the demo platform. Something is wrong with CMEG?
Hey man, hopes you see this through the ocean of comments aha. But why do you choose to trade equities instead of forex for example.
Equities is what I am most comfortable with and makes the most sense to me so I have stuck to them!
@@DaytradeWarrior how does the tax compare between equity capital gain vs trading currencies?
Liked the live footage 👍
Thanks Levi!
Hi Ross! Really appreciate all the great videos and content that you provide! I do have a question: Why do you set your hotkeys for (e.g. Shift+1) to buy on the 'ask + 5 cents' and sell full/half position on the 'bid -5 cents'? I understand that you want to be sure to enter the trade even if it means 'losing 5 cents' but can you just set 'Shift+1' as 'buy on the ask' without '+5 cents'? And likewise when you sell full/half position to exit the trade
Daniel, if I do that there is a chance that I won't get my full order filled as lower float stocks aren't as liquid.
@@DaytradeWarrior Okay got it thanks Ross!
Hello Sir
I'm an India who wants to trade in US stocks but the laws in my country don't allow to operate a margins account for US stocks, BUT I CAN OPERATE CASH ACCOUNT, THATS LEGAL
so please advice me on what broker should I use for cash account
THANKS
Hey Tony, 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/
Hey Ross, will you do more live recordings? Really helpful for a lot of us.
Thank you for your videos :D
I will be doing them for the first several days with this small account!
Honestly Ross I can’t tell you how your video today put a spring in my step. Still waiting for cmeg to receive my wire, but it’s just such a hopeful thought to know what is possible and to actually see you do it. Thanks so much for the early Christmas gift.
Congrats, great job👍. I'm sure you've explained before, but I've missed it. 1. Isn't there PDT rule? 2. What made you decide not to trade on TOS platform? Thank you.
He’s probably trading with an overseas broker, no PDT rule.
Hey! There is no PDT rule with CMEG. That's why I'm using them instead of TOS - www.warriortrading.com/cmeg-broker-rebate-program/
Hey Ross Great stuff!! I watched the live trading and was mind blown! Is that the chat room I can sign up for and see all of your screens?
Thank you!! I appreciate that! You can signup to the chat room to see my screen share, yep!
Great video Ross, thank you for sharing. Quick question, when you use your quick keys to buy and sell, are you buying at market? Or at a limit price? My Etrade only allows market with the quick keys.
i know etrade only allows market orders with quick keys, but my broker allows limit orders. That's what i'm using.
@@DaytradeWarrior Great to know! Thanks man!
Probably a common question. But which broker and software do you use? And is there a demo version?
I used Sterling for this challenge. We have a simulator that is based on their platform here: www.warriortrading.com/paper-trading/
Ross, I'm so confused. How you can buy so many shares that more than your buying power????
Someone explain me pls, i'm new
😅
Ross uses a margin account. You can learn more here: www.warriortrading.com/margin-account-definition-day-trading-terminology/
For this being a small account most people will be under the pdt rule right? So three trades and your out for the week. I am just beginning so I would be under day trade rule myself.
It is possible to bypass the PDT rule and trade with as little as $500! The best way for you to learn more about how you can do that would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
i get smashed on DRIO today by 18%, buy the fake breakout on 10.87
i down to 45$ on my 100$ challenge after i was up to 150$ :(
this is way its so important to be consistant and trade only good setup and keep loser small much is possible, now to return to 150$ i have to gain 240%, super diffcult and take a lot of time.
Ugh I'm sorry!
The real question is … can you repeat this type of trade on most days? Probably not.
Hey George, Ross does a recap for every single day he trades, so you can literally go through our videos and see how much Ross makes and loses day trading. Or you can check out his broker statments: www.warriortrading.com/verified-earnings-2020/
www.warriortrading.com/verified-earnings-2021/
Hi I’m new to trading and I’ve been watching your videos as a learning aid I was wondering what programs are you using for your scanners. Thank you in advance also do you have any new webinars coming up?
Trade Ideas for scans
How did you buy 100 shares?
1 share @ $9.87
100 share @ $987
But you had $395 in the account. Correct me if i'm wrong, I don't get this part...
I used margin to buy the 100 shares. www.warriortrading.com/margin-account-definition-day-trading-terminology/
Hey man I’m 17 gonna be 18 in two weeks and I wanna start day trading I don’t know how it works any tips for a beginner? Now I don’t wanna sound like I’m showing off but I come from a wealthy family I wanna start with a little bit of money so I can get a grip of what’s going on so is 1000-5000$ good for a start,
Which scanner is he using to filter specific stocks??
Trade Ideas, www.warriortrading.com/trade-ideas-review/
How much leverage did you use on these trades???
Sorry I'm not sure how much leverage Ross was using for that challenge, but he didn't use any leverage for his most recent small account challenge
What broker and platform do you recommend to use in Dec 2020? I heared sure trader is not longer active
Hi, I’m just a normal bloke trying to help people, I’m not here to sell you anything or push you into anything.
I’m simply here to help people. If you would like to earn a passive income we usually hit 1-1.5% a day for very little effort I may be able to help.
All I ask is that you watch a video for 20 minutes, if you’re interested let me know and we can go from there. Thanks for your time.
Hello Ross, when you buy or sell is it market price? the ask or the bid?
I typically buy on the ask as I am a breakout trader, and I try to sell on the ask as well, that way I can lock in as much profit as possible.
Which broker is good to use for small account
The best way for you to learn more about our favorite brokers for trading a small account 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/
Is the gap, 5% from the previous close? Or like premarket?
Ross bases it on the previous days close
Hi Ross, what software do you use to trade? Thanks.
I use Lightspeed, www.warriortrading.com/lightspeed-trading-review/
Awesome Ross. Thx!
You're welcome!
15:03 Why you bid 10.1 but filled at 9.87?
can anyone please explain what order is that fill? Thank you
How are you day trading under 25k without breaking Pattern day trading rule? Any advice on how I can day trade with my 2k account? Great video thanks
There are brokers that are not subject to the PDT rule such as CMEG
Small Account Challenge? With Infinite Leverage and No PDT Rule? Seems like cheat codes on nintendo or something.
offshore brokers don't enforce the PDT rule. They offer leverage between 4x and 6x depending on account size.
@@DaytradeWarrior Hey Ross, what's the broker you are you using? I'm doing my own small account journey and am doing so from a mobile platform so I'm wondering if this is something I can do as well orn do I need to continue using smaller sized trades with Robin hood and Webull?
Can't I just stay as a cash account? PDT rules don't apply.
Hi Ross.. great return on a less than perfect stock.. On my end I did not trade today on my small account... here is why: 1) I thought that DRIO was too risky, mainly due to its spread between 0.11 and 0.15 cents (this is high on my list of must meet criteria) - risky 2) Too few shares to buy with $500 - low returns 3) Price was on the upper end of the $10 limit. - low return 4) with 200 shares I would be using almost 100% of my buying power - risky 5) I need to make more than 10 cents which I was a stretch, looking at it from my point of view, I thought I did good! I'll wait for a better set up tomorrow! Trade the best, leave the rest!
rafael rojas great discipline. You preserved capital. I broke all my rules, was frustrated with Trsdezero technical issues, missed the move, was pissed off I missed out, traded impulsively with several hundred shares and got hit by the huge fake out and $2 flush. Went from being $180 green to $1k red!! My account went from $1,900 to $900 and I’ll start tomorrow with $800 after fees get taken out. I should have been content worth my $180 which is almost 2x daily goal. I fell victim to fomo instead of calmly capitalising on fomo. Great job today sitting on your hands. I need to follow your lead.
that's right!
thanks the comment Mark!
Finally, someone making a video that actually teaching stuff, not just showing how amazing trader they are with all that only day stock trading that nobody knows of. Thank you so much for ur educative video
.
It's my pleasure!
What king of leverage your account has if you can take $10 stock with $500 account and trade 100 shares?
Im having a hard time understanding too. Like what?!
Brokers like CMEG will allow you to day trade with as little as $500, and offer 4x leverage. They offer 6x leverage for accounts over $2500
Thank you for your hard work, I am finally ready to start trading after too many years of physical work, please teach me how to do it, I know you teach from the heart.
It's great to hear that! 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
So I just realized that your $500 challenge involves using margin. Doesn't that make the losses 4 times bigger? Is there a video that explains risk management specifically for margin losses?
I thought the same thing ... not all of us have a Margin account... so. But the process of how to take the trade is more of what I'm looking at.
Ross I have the utmost respect for you that you actually read and respond to every comment !
Thank you!
If this is a small account it operates under PDT rules right? How then are you making so many trades in a day?
Hey David, As you 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. You can see some examples and in-depth explanation here: www.warriortrading.com/pattern-day-trader-rule/ and here ua-cam.com/video/CDPxDCMHM10/v-deo.html
Many of our new students don't have $25k. You can open a brokerage with as little as $500 at some places. Offshore brokerage CME Group is one of these brokers. TradeZero (non-U.S. students only, not eligible for Canadian students) requires a minimum of $1,000 to qualify for our rebate program ( www.warriortrading.com/tradezero-broker-rebate-program/ ) and Lightspeed requires $25,000 ( www.warriortrading.com/lightspeed-broker-rebate-program/ ). And of course, you have the option of a cash account at a US brokerage! Here's a helpful place to go to explore your options further: www.warriortrading.com/how-to-day-trade-without-25k/
I hope that makes more sense!
Great video, and very informative! You're trading so fast, how do you determine your Stop loss? Are setting the loss in a template for 10 or 20 cents below the buy point? Thank you for the video!
09:07 why does he say he can take 200 shares of $10 stock when his account only has $500? I'm new to this can someone explain?
Probably leverage
I'm trading with margin. www.warriortrading.com/margin-account-definition-day-trading-terminology/
Successful people don't become that way over night. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time.
Yeah, I agree with you Sir.
If you want to be successful have the mindset of the rich, spend less and invest more. Don't give up your dreams
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me chase knowledge first and i promise! The money will follow you
Don't be in hest to invest. Know what and who you are Investing to be sure that the person will deliver before investing
Learn and get the knowledge first before investing
How can you buy 200 Shares @9.87 if you only have $500??
Ross, how is it possible to buy 200 shares @ $9.87 when you only have $500 in your account?
Using leverage! My account offers margin leverage!
@@DaytradeWarrior Ross, I am new to this day trading but is it too risky to borrow money from your broker to trade? What happens to your account if you made a bad trade?
@@DaytradeWarrior I am confused, Ross. I thought leverage is 1:1 with less than $500, no leverage? How much was your total equity in the account? Even with $500, don't you need to maintain 25% if it's over 4, $500?
15:47 "now i am holding 25 hundred shares", haha, Ross still things he operates with 100k + account
Did I say that?! lol
Great catch, Peter!!! I was so engrossed with the mechanics of the trade that I completely missed that. 15:46
500 bucks and can buy 200 shares of a ten 10$ stock....lol
25 x10 is????
@@joshdent7243 exactly whati thought to
@@joshdent7243 He has 6x margin so he can buy 200 shares @ 10
LOLOLOLOLOL, some people are mad right now! 395.00 and made 158.00? LOLOLOLOLOLOLOL. warrior trading!
Eagle i Trader what can I say?! 💪💪
*What camera setup are you using? Looks amazing!!*
Kkk vntuy tu jvbv
Shush
Instablaster.
Hey Ross, quick question. i'm very new to all this, but couldn't you have put a limit order to sell it at 11 or more?
You didn't trade with a small account with only $500 because you would be subject to the PDT Rule. What you have done is traded $500 in an account that has at least $25,000 in it.
With an offshore broker I could use margin on a $500 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/
But you didn't state if you used and offshore broker for this experiment. It sounds as if my initial statement was correct.
How did you get leverage if it was below $500?
I have no idea! But they gave me leverage. I'm surprised because I thought below $500 meant no margin.
How do you use $400 account to buy 100 shares at 9 bucks a piece? That would be -$500
I had the same question
@@nemmasa62 I've researched and found out its called leverage...
I use leverage, which is basically borrowing money from my broker.
Warrior Trading do you have a video explaining how it works? I’d love to learn more form you
Investing in crypto now is very cool especially with the current rise in the market now
Yes you are right
Making them to remain poor out Of ignorance
😎👍
Ask a Forex trader, it's almost inevitable that you're going to experience some ups and downs along the way. Alertness and deciveness are both fundamental ingredients in recipe for a successful Forex trader
You can only appreciate a person who tries to teach everyone how to invest and make profit on multiple ways
Ups and downs
Speaking of Forex trading, it's the best business in the world right now. I know a couples of friends Who make a whole lot of money trading the financial market
NEVER LOSSE??... I sincerely doubt when I see such things like 100% WIN strategy, Forex trading is very technical and involves carefulness and great IG... I wonder doing that with no Losses.
Many see Forex as a get rich scheme but Forex is not like that. It's a gradual process with the right tools and application you can make a living from a Forex trader
Trade with an expert else you we would lose all your capital and your drop of market
Hello!! I’m new here, trying to learn as much as I can. When you sell shares it takes a few days for the money to go back to your account right? How did you buy the shares back right after you sold them? Great video!
Hey Andressa, I go over this in the Warrior Trading Starter course: www.warriortrading.com/warrior-starter-info/
Hi Ross, just curious why did you change from using the tools you mentioned you were going to use to a different setup. Thanks!
Hey Antonio, Ross uses Lightspeed for his broker, ESignal for his charts, and our own scanners and news software. The scanners and news are available to our students through our chat platform.
@@DaytradeWarrior Right, thanks! But I thought the base idea was to start with 500 dollars and those tools I would assume are not free? How much would someone *really* need in order to start and have everything set up for winning? Don't get me wrong, I enjoy the challenge, but I think it would have been more real if the hardship was there and he didn't use his expensive trader tools and setup. Thanks!
Thanks Ross. Learning a lot by watching your videos. I like how you don’t make trading your life which is an easy trap to fall into. Everything in moderation.
That's right!
Trading with less than $400, but you placed 2 orders for 100 shares each at $10. I'm no math expert but something sounds fishy 🤔
Yes I have a CMEG Account if you have over 350.00 They give you 4 to 6 times leverage, You have to sign an broker agreement first. but yes you can trade up to with 2400.00
@@hotmasked1 ahhh gotcha. That's interesting.
Started a small account challenge today made 125, would have made double or even much more if I would have pulled the trigger, started 500 flat.Goal is to make 30 grand in a month.
Hey. Mind if I join you on that?
how much margin are you using?
You can do it, keep us updated
phew that was an intense trade, awesome stuff
Sure was!
Thanks Alex!
I'm trying to understand what you did. You bought 200 shares at 9.87= $1974...but you only had $500 in account?
Lee it's a margin account with 4x leverage. www.warriortrading.com/margin-account-definition-day-trading-terminology/
Hi Ross, were you able to trade this with Leverage? considering you only had $395?. 100 shares @ 10.60 = $1060
Malcolm yes I used my leverage!
I just want to thank you for your knowledge, time, and effort. Its very insightful and fun to watch.
It's my pleasure!
How did you buy more 100 stocks at about 10$ when you only have 500 in your account?
I was wondering the same
The broker gives leverage, which means I can buy up to 4x my account size
A lot of people who are asking - He doesn't make it clear in the video, it's a 4x leverage account - So a $500 investment - but he's actually trading with $2,000, which is why he says 'I can buy about 200 shares of a $10 stock'.
Thanks for the clarification!
When you sell partial of your position do you sell at bid price?
I try to sell on the ask when selling partial ML4z
A thousand bad days can makes a thousand stories and having a thousands stories makes you very interesting at parties i have had a lot of experience trading Forex and this ended up leading me to success. If you want to become a successful get yourself a strategy, *The Huon Fresne Strategy* is the best of the best as confirmed by many traders, google it.
I'm new and confused I thought there was only $500 in the account? If so how come 200 shares was bought at $9.87 a share. That comes out to $1974? I'm super curious and I love watching all the film!
Ross was using leverage, as the $500 account comes with $2000 in buying power
How do you day trade a small account when you don’t have unlimited day trades only trade 3x a week
Hey Daniel, I used an offshore account.
hello Ross
for the small account challenge you use CMEG broker but what platform are you using please ? they offer DAS PRO and STERLING but yours looks different . appreciate your reply thank you
Hey Yousef, I'm using Lightspeed: www.warriortrading.com/lightspeed-trading-review/
Hi Ross, if you decide to jump so quickly into Stock, do you fill with market order or limit order? And vice versa while sellling partial - these are all market orders?
My issue is the pattern day trader rule. I’ve been caught a couple times holding a stock I’m unable to sell without being flagged. Such a frustrating thing to watch your profits go down the drain unable to sell.
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How are you buying selling buying selling with only 395?? You aren't doing day trading because you would have already hit PDT RULE. WTF is going on?
As you 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!
Nice strategy i must say. I didn't earn as much as this video claim but i earn about 3250usd every week and i don't do that using video
How do i get a professional broker i have been wasting my time trading on my own and blowing up my account
Thanks Paul!
Hey Andriana, For accounts over $25,000, you can look into Lightspeed (available to US and all international residents except Canada).
Lightspeed review: www.warriortrading.com/lightspeed-trading-review/
Lightspeed Rebate Program: www.warriortrading.com/lightspeed-broker-rebate-program/
Lightspeed website: www.lightspeed.com/
For accounts under $25,000 (as little as $500), you can take a look at CME Group (available to 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
If you are looking to trade multiple products to include futures and options, you could also take a look at TradeStation (available to US and most international residents except Canada). You can open an account with as little as $500 there. However, you will need $25,000 to trade equities and avoid the pdt rule
TS Review: www.warriortrading.com/tradestation-broker-review/
TS Rebate: www.warriortrading.com/tradestation-broker-rebate-program
TradeStation website: www.tradestation.com/
Most Canadian and most other international traders can look into TradeZero (available for accounts as low as $500, or $1,000 for our Warrior Pro rebate program):
TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/
TradeZero rebate: www.warriortrading.com/tradezero-broker-rebate-program/
TradeZero website: tradezero.co/
You can use this link to help you decide which broker might be good for you: www.warriortrading.com/how-to-choose-the-best-online-broker/ and www.warriortrading.com/stock-broker-essential-guide/
How can I start day trading with 200$
I love this video. I watched it twice. Its should be shared and published on all "how to day trade" textbooks. The selection, execution, explanation, absolutely well explained. The only one thing it didn't show is the "sell at the ask" part : was that preset with a hot key button? The platform is Lightspeed? One thing to notice: The speed of this trade was fast, I'm sure it takes lot of practice to acquire that speed. Thank you Ross for teaching us.
I am using CMEG as my broker, as for the selling on the ask hotkey, it is a limit order to sell on the ask with a -.01 offset.
and it is all blurry
Warrior Trading I asked was it CMEG on an comment I just posted. Searched another comment and got the answer. Thanks for this video and good trading!
I think its better watching this Ross version versus the one making 200+k a day, this is more attainable. hehe...
Thanks for watching!
Love how you show us what’s on your mind! Very informative!
Glad that it helps! Thanks for sharing.
@ben kent wow you too know her?
got linked up with her from linkedin never knew anyone will know her here she's a genius
@douglas s. kramer its not ignorance but due to unprofessional brokers in the trade market sir
please share her details
Did I hear him right? He had roughly $400 in the account but bought 100 shares at $9.81. How is this possible? Sorry for such a newbie question.
Hey George, I used margin.
Hi I'am just wondering if you use leverage and how large is it?
Man i just made 271.60 € setting it in close in benefits and it closed in benefits like in a day or 2 and i just inverted like 172 €, like is that normal? I am just a begginer 5 days in this, it is a demo account that i am using to practice but i would have made that
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