x7 Dos and Don'ts 🤷♂️👨💻😉❓ of Trading in a Small Account
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- Опубліковано 26 чер 2021
- Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
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Still with me?
Now let’s dig into some helpful information …
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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
1. 3:28 Don't swing for the fences/home runs
2. 5:56 Do take 5% or 10% base hits
3. 7:36 Don't change a profitable strategy to accommodate fees or commissions
4. 10:31 Prove profitability in a simulator before using real money
5. 12:10 Do not use leverage or margin if you don't know how it works
6. 13:12 Do fund the account with a little more money than you need to give yourself a cushion
7. 14:46 Do not expect to get rich quick
You got them all, nice!
7th start at 14:46? How could this video be 56 mins long...
Thanks 👍
O88ghhihoo
wish you for higher win rate
I started an account on June 1st with $100 and am at $1324 as of today so finishing my first month consistent and up 1300%, typically I'd risk big win big and lose big but this time I've just been taking scraps and still growing my account nicely, wasn't expecting this kind of progress but am grateful to see patience paying off
Wow that's amazing!
@@user-vh4li2dp5t Wtf dude get out of here
That's good dude. Keep going.
did u use Americ trade?
How are things going now?
I started trading today with only $75 and I listened to your advice and bought a share in a “popular” stock and made $2.80!!! I was so excited but then I read so many discouraging messages about how people with small accounts are wasting their time… I’m glad I found this video! I grew up in poverty so I’d like to create generational wealth and change. If I wait to save money to invest or trade, something will always come up and I’ll find a way to justify “what’s more important right now?”
Thanks for sharing!
Stay focus
Good information. Thank you
How did it go continiously? :)
So much truth spoken about the traders psichology and emotions. Thanks for the tips Ross!
Hi Ross, enjoying your video's thanks
Thank you for sharing the
best video
Thank you for sharing, BEST VIDEO!
Thanks for the comment!
Thank you for sharing with us all Ross
You're welcome David!
I really appreciate your detail and blatant facts
The best video of yours I have seen. Thank you
I definitely needed to hear this Ross. Thank you..
Glad we could share!
Great video Ross !!! I love the food truck , the mirrors are super cute...thank you for all the good do & dont s...
Haha glad you enjoyed!
ok time to apply those techniques. thank you!
Thanks for watching!
I've been watching all your videos. You're awesome bro. Super responsible and important messages you send
Great Great Great Advice. Thanks Ross
You're welcome Ricco!
Love your motivation and energy!
Thanks Tommy!
thanks for valuable guidance...awesome...
You're welcome Beverly!
Great tips. Thanks a lot! 🙂
You're welcome Muhammad!
These insights are so valuable, Cheers Ross 🍻
Great to hear that!
Thanks Ross, all of your content has been so helpful to me as a beginner!
You're welcome!
This video you've done here is such good to see. I came across it today and it spoke to me. Many of your examples is me and where I am at and where I want to be.
Thank you
Glad it was helpful!
Great video! This information goes a long way and will definitely help a lot of people. Thanks for all you do Ross
You're welcome!
F•O•R•~H•E•L•P~A•N•D~G•U•I•D•A•N•C•E~W•H•A•T•S•A•P•P~C•O•N•T•A•C•T=••••••••••••••+1•3•4•7•7•9•8•8•0•0•9•••••••~
Perfect time for this video to show up in my feed. Thank you. Gave in to emotion on Thursday and was down big on the day. Taking it back to basics on Monday. You gave me the confidence to go back. You're right. I was up over 5k last month. That's not luck. Entire weeks of profit. Thank you for putting in the time to do these videos.
Thanks for watching!
Thanks for teaching and sharing your own struggles and experiences.
You're welcome Maricruz!
I wish i could second like when you disclaimered the story. Thank you for everything Ross
You can always like another video :D
You are great bub. Thanks for all you do!
Thanks for watching!
I need to learn and this videos are awesome! Thanks!
Thanks for watching!
One of your best clips so far! You realy feeling IT!
Thanks for watching!
Thank you very much .👍👍👍
You're welcome Grace!
Thanks as always brotha. I needed some warrior church talk this morning to get me ready for Monday :) ❤️
You're welcome!
Thank you for this video. It was very helpful.
You're welcome Scott!
Wow .. just loved it . U r great
Thank you!!
Awesome awesome awesome. Best advise. Thank You.
Glad it was helpful!
🐐🐐🐐🐐🐐🐐can’t wait to see you during this small account challenge while I’m building mine up! Let’s hope we see some great momentum!!
👍🤓 www.warriortrading.com/small-account-challenge-2021/
This knowledge is very so valuable thank you!
Glad it was helpful!
TY ross you know your stuff
Thanks for watching!
I Love this, great tips.
Thank you!
Free knowledge. Speaking facts. Subscribed.
Thank you! 👍🤓
I started trading with only 1000$ in sim and now after 4 months my account is at 12k i learned a lot during this time and im ready to start with real money soon.
@Pinned by Warrior Trading scanmm
Why you gotta make me cry on a Saturday morning?
Thank you for the motivation as always Ross. Seriously...thank you. I am trying.
👍😂 Thank you Ben!
I need to set a reminder for your next stream.
🤓👍
Thank you for your videos
Thanks for watching!
Ross, thank you so much for sharing your knowledge with the average trader.
You're welcome!
I’ve never seen this guy but quickly I was able to ascertain that he’s a logical person, he has a good affect, I imagine he could be a good teacher, but again I know nothing about him or this channel yet.
Would be an interesting guy to throw some questions up though.
Hey Tim, 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/
Good advice Ross, now if I could just follow it
Thanks Nick! 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/
ross is the best teacher in the game hands down! small profits is the way to grow in the long run🙏
Thanks Drako!
Beautiful advice
Thank you!
thanks. your dog is awesome
You bet! And yes she is!
THANK YOU ROSS, I AM PRACTICING SOME ON TOS WHITE PAPER, I WILL DO A CLASS SOON.
You're welcome!
thanks Ross, What type of time force do you use while your are trading with hot key set ups on these fast moving stocks? GTC, IOC, OR FOK ? ???
awesome video, you hit on a lot of things i've experienced this year. gives me hope that i'm on the right track
Thanks for watching!
Well I did not think I would be watching another tutorial of yours today ross and considering it’s now 4am, I thought after seeing two already, that I should have hit the sac an hour ago or maybe play some music, but I guess the motivation is very high right now, just like it is every day, but today is a bit more exceptional. So once again, for the third time today ross, great tutorial, good education for any trader and I think we all have to respect, that if we are going to be successful at this, then controlling your emotions after a red day is definitely the key issue here. We will get them and when we do, if we have been smart, then as beginners we would not have risked to much money, only a small loss, which is what I only ever want, no matter what level I get to with my trading. I am a disciplined individual so I won’t never lose control of what I am doing no matter how tempting something might be, including a moving stock.
Speak soon ross
Bill
Ross you the best man...such a genuine guy and you are spot on with this advice! Thank you man always learning from you
Thank you for your support!
You make trading easy to learn and understand!!!
Thank you!
Thanks for sharing your experience when you were a new trader. It will make a new trader think twice about jumping in too quickly and strategize first.
You're welcome!
Thank for the great videos Ross.
Does Warrior Trading happen to have a merch store? (Shirts, etc?)
You're welcome Skeevy! We sure do! www.warriortrading.com/store/
Ross You have always emphasised how trading in a simulator must be an option that must be taken if you want to succeed in the world of trading I can’t lie that firstly trading in the simulator is the only way forward if you want to give yourself a good shot at such a difficult industry. And we’ll done in your persistent truthful advice 👍🏾
We're glad you agree!
That's a man with high emotional intelligence! I enjoy the way you talk your mind so honestly.
Thanks for your thoughts!
Thank you SO much Ross. I have been trading live for 9 months now and continue to make a little, lose a little, playing it safe in a small account with some very nice wins, but still getting burned every time I try to step it up! Base hits have helped me become profitable. Home runs are not something I expect; they are only a pleasant surprise when it happens. Determined to earn a WT badge next year. I love your education and I am so grateful to be a student in the WT community.
Thanks for sharing your thoughts! We're looking forward to having you earn your badge too!
NO!
Number one do not: Pay Ross thousands of dollars for information that is freely available online.
It's the PSYChOLOGY Of it,. If YOU CAN CONSiSTENTLY TRAdE COMfORTAbLY On SMALLEST SCALE Of The SPECTRUM,. Theoretically,. You ShUd bE AbLE To Do PRECiSELY The SAME As The LOWEST/SMALLEST Scale,. Only Thing That's Changed. Only Variable Which is Different,. Is YOU ThE TRAdER,.🤷♂️,. A common MiSTAKE ìVE MAdE MYSELf n hAVE hAd 2bREAK MYSELf Of,. The MOST LOSSES I hAVE,. ALMOST ALWAYs,. Jumping Off a TRAdE PREMATURELY, SECONd GUESSiNG, dOUbTiNG MYSELF & iNTUiTiON iS a PRìCEY MARKET TUiTiON i PAY 4LESSONs n a Lil HUMiLiTY GOES a LONG WAYs,.
@@mintymus Dude you're crazy. You CANNOT get what he offers on-line for free. I get to trade and get support from his community ALL DAY LONG with kick ass scanners, daily mentoring sessions IN ADDITION to all the classes. You can't get ANYTHING like he has for free.
I am in a process of learning how to day trade and I've learned so much from you. Thanks!
Glad to hear it!
Every time I f up, I rewatch this one to humble myself. Thank you!! Hope you and the boy are well! 🤘🏼
Nice! Glad it's helpful 🙂
Hi, achilles from Australia, thanks so much for your teachings I think , I believe you one of the most honest and caring traders out there and also the most realistic and easy to understand, thanks again mate, god bless you.
You're welcome!
Fantastic video! I completely see myself on this story on the parts about not taking the necessary steps in order to not loose, and sometimes making a lot and then loosing it all! Every time I watch Ross videos I find new information and the reasons why I lost money.
Glad it was helpful!
hi 🏋♀
Ross, have you ever posted a video that elaborates a bit more in detail as to why your results are not a typical?
Just diving into the curiosities of trading and you are a gift.
Thank you...
I'm trading indices at the moment, but I'm so excited for this video. Successful behaviour is successful behaviour, and Ross proves over and over again he's one of the very few to succeed in this tough business. So inspirational, thank you for sharing your experience
Thanks Will!
working my way up , just starting my small account today trying my best to diversify my incomes, really enjoy the channel
Thank you Titus!
Just found you.Appreciate the time you take for these.
Awesome, happy to share Btoddw2!
one of the most important thing is to track your data while trading if you can't analyze your metrics you will never become profitable
Love the t-shirt 🔥
Thank you!
F•O•R•~H•E•L•P~A•N•D~G•U•I•D•A•N•C•E~W•H•A•T•S•A•P•P~C•O•N•T•A•C•T=••••••••••••••+1•3•4•7•7•9•8•8•0•0•9•••••••~
Your effort and dedication to help other hopeful traders / gamblers improve their game , win or lose, is impeccable
Thanks Don! And sorry, that was a scammer account that was trying to get you to contact them. The Warrior Trading account always has an official checkmark next to the name.
He’s not doing it for free, Ross has made his fortune from selling his “strategies” to people like you, not from trading.
Gamblers ??? 😂🤔
@@DaytradeWarrior mi km
@@mintymus would you do it for free?!?
thank you
You have no idea how great it was to hear you say that in your early days you had strings of green days followed by a day or two of big losses that wiped out all your hard work! I’m so glad it’s not just me! I have had streaks of 19, even 23 consecutive green days just lose it all by being emotional and hard headed. Just when I think I’m turning the corner, I pull one of those irrational big red days, feels like total self sabotage…. Anyway, you’ve given me hope that one day I’ll learn that there’s nothing wrong with taking small losses, all part of trading… I’ve got the technicals down thanks to your superb classes, now I just need to get a handle on the emotional ride that trading can be. Thank you for all you do!
You're welcome Sandra!
Thank you so much Ross! Sorry if this has already been answered but what, do you think, are some of the best ways to find buying opportunities?
Ross would definitely say stock scanners! If you haven't had a chance to attend yet, the best way for you to learn more about how Ross incorporates stock scanners to find trading opportunities 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/
Fantastic advice! Wow, I love the fact of how realistic you are. I’m brand new to trading and I’ve watched tons of “educational” content. But just one of your videos, you clarify so much one than over 25hrs of other “professionals”. Thanks!
You're welcome Samuel!
This was amazing Ross. Totally spoke to me. I've made over 40 trades all green and then gave back $2,000 in one trade. I'm back on the horse with two green trades again but it's frustrating.
Thanks for watching! Keep up the work!
Thanks Ross!! Will be back in VT in a couple weeks to see my Dad, excited for a little visit...
Thanks for sharing!
Great video
Thanks Laurence!
the best channel ever, i love you bro
Thanks Edgar!
I love this guy! A Day Trader Saint! I tell ya!
Thanks for the thoughts!
I have always loved your advice. I have traded for a while off and on, do ok but love to take some of your ideas.
Thank you!!
Thank you big bro
You're welcome!
I realized what now seems to me to be one of strongest tools in the investors box; how to sell quick to preserve funds when the trade doesn't go my way. "Live to trade another day" so to say.
👍🤓
So much to relate to here, it stresses me out listening:)
👍
If this stresses u out don't get in to this it will only get worst
Great video brother!! Thank you! This video gives me hope! I definitely paid my tuition to learn & get thru that beginners learning curve!! 😂
Yes, “stop-loss hunts” are a real thing guys, for all you beginners, there are snipers out there looking to stop you out, only to run it back upward a min later.
Also, I would say, “paper trading” is really hard to gauge because you have no emotional tie to you’re actions, or no responsibility, if you will. It’s only when you’re playing with your hard earned money that you begin to really grasp and think about the future outcome of the decision your making and sometimes have to make in a split second! This is just my opinion of course!
Thanks for sharing your thoughts!
This video couldn’t have come at a better time for me!
We're glad to hear that!
I'm also in the same process / situation at the moment. Trading with CMEG on a small account (720 USD) . The first 4 days I made small profits (20 to 50 USD net) per day. But on the 5th day of trading I lost 471 USD because I was not able to cut the trade / accept the loss. So I had to transfer some money to my account to be able to trade again. So another week I tried again and the first 2 trades were about plus 20 USD net per trade but then I started to get greedy and somehow I lost again about 380 USD on same day because of overtrading and not accepting losing. I know it's wrong but it's really really hard to wait for the best scenario to trade and then not to be greedy. Be patient and be satisfied with every small amount of win per trade at the beginning. Crazy but today was the second time that I sent an email to CMEG to ask them close my account before I blow it up finally. But ON THE NEXT DAY I START TO REGRET BECAUSE I think it is not the answer to go away. The answer is to stay on the track and to try try try. So I wrote once again to CMEG to cancel my request of closure....crazy....
So what now? My plan for now will be to just observe the market and wait for the best trend / pattern and then try to take something between 5 or 10 cents out of the market. I will try to do this for the next month's and to cut immediately the loss.... Beside of this experience I want to let everyone know that I am really happy with CMEG as broker. Because opening of my account took only 2 business days (I'm from Germany) and funding about 4 business days. So after 1 week I was ready to trade. And the customer service support is really great. I always got an answer after latest 1 hour after I sent them an email. So don't be afraid to open an account with them. They are really trustful in that way. That's my experience so far.
At the end I want to say thank you Ross for motivating us all. This video came exactly at the right moment to me. I'm sure I will watch it several times. Because I don't want to give up. I want to learn. I want to be a successful day trader like you! Thank you man!
@@mariuszniyokoso same kinda pattern for me.
Trade days 1- 5 +$32
Days 6-8 + $160
Day 9 - $810
Day 10 -$190
Funded the account again, learning from my mistakes.
*No mo FOMO 😁
*Keep losses than 15 cents a trade
* down $75 on the day I stop trading
@@maakhina4595 hahaha... A had now 1 month break. But I will re open my account next week. You know what? The point is I was so stupid not to have a stop loss set directly after I enter the trade. This time I will do so. No more manual exits.
I have the feeling that this is the game changer. Sounds simple. We will see. I see definitely myself as a scalper (take quick moves). So I will also have set a stop order for the profit target of only 8 to 10 cents. Let's see how it works.
@@mariuszniyokoso would you happen to know any offshore brokers I could start trading with? This whole 3 trades a week or whatever in the US ain’t cutting it lol
Great video. Thanks. Was wondering Should I always be buying the ask? Or inside the ask? I often find that when I buy inside the ask I miss quick breakouts but when I buy the ask for a large buy in I’m instantly negative. 🤔
Thank you! Ross always buys on the ask, so he can get filled quickly.
Love the food truck, I have 2 of them and I day trade. Both are a great way to make money. My food truck feed the family and daytrading just stays in the account for growth.
I love this idea! Have something to feed the family, something to grow the wealth!
Thanks Sinar!
Blessings from Puebla, Mexico.
👍🤓
Ross, have you done a video that breaks down your early days of trading? How did you get started? Who was your biggest influence? Why did trading interest you? How did you survive your first big red day? Please make a surface level video. I know joining warrior trading would answer those questions, but a surface level for youtube would be great! Thank you!
Ross talks about this in his webinar! If you haven't had a chance to attend yet, the best way for you to learn more about would be to join us in the next live Warrior Trading webinar, which 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 guy is really out there doing the work we all should be doing if we want to better ourselves
Thanks for your thoughts!
Good advice for a beginner. I’ve recently started going for low win rate and low risk high reward trades. So, home runs only. Do the math, it’s less work for more money if you can manage your risk, and accept winners turning into losers, and have dozens of losers in a row. Not a beginners mindset! Sweating over high risk low rewards trades just wasn’t fun. Trading should be enjoyable. Find a style that works for you.
So glad to see that you made enough money last week to get another awesome ride. That one is a real classic! Well done brother Ross, well done.
Thanks James!
Hey cool food truck. Not sure anyone mentioned it here in the comments. But great job on it and the reason for it...🍻
Thank you!!
good vid
Thanks for watching!
Great video. Do you have a video on how you set up your pre market watch list, what site you use and what you’re looking for?
Shakir, Ross uses the scanners available in our Live Trading Room! Warrior Pro members get complete access to our Stock Scanners to help them find the right opportunities. Built by Ross and our tech team, the scanners highlight stocks by volume, momentum, gapping, and other indicators. When a stock is moving, you can access our premium news feeds to understand the catalyst. No extra membership required!
Thanks Ross for the Video
Could you please tell us how to create the setup pre market scanner and find the gapers in Td Ameritrade as many of us using this platform !
While we don't offer instructions on creating scanners, all of our students can access scanners from our chat room! If you haven't had a chance to attend yet, the best way for you to learn more 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 started trading last year and was way overconfident. I would do well in the simulator and it wouldn't translate when I traded for real money. A simulator is great but it can't simulate your emotions when you lose actual money. In total last year I lost about 14k. This year I've lost 2k so far, but I keep learning. Every time I lose or blow up my small account, I go back to the drawing board in the simulator, I rewatch classes or Ross's live trading videos. It all helps. I do feel myself getting better each time. Ross's advice has helped me so much and I'm so glad I came across his videos 2 years ago
I'm very happy to hear that Michael!! 👍🤓
i just loss 4k learning how to crypto trade. Went for a 5x gain in one day. I feel your pain. In a year we will laugh from what we learned.
I'm relating 'paper trading' with 'dry firing'.... only difference is the 'ammunition'.... everything else is the same...
Just trade $100 size until you can make $200, then size up. I did the same after a 5 week losing streak
New pro trader student and i'm thankful that you're here doing all of this so that your average day person can be a profitable trader. There were definitely many points you hit that resonate with me. I'll be going in tomorrow with a much more leveled head
Thanks for the feedback!
Thanks again for all the information you give. I have learned so much just watching your videos and learning your strategy
You're welcome Jim!
thank u sirrrrrrrrrrrrrrrrr
You're welcome!