17 Day Trading Myths in 30 Minutes (Don't Fall For These)
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- เผยแพร่เมื่อ 1 ก.ค. 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior
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I think the hope is only for unimantic this year, other projects will not show themselves like it.
Ross you changed my life I went from a dead end job and doing things I shouldn’t be doing to make money just feeling lost and now I am a day trader living a good clean life supporting my family. Thank you from the bottom of my heart
when did you start your daytrading career and how long did it take you to become consistently profitable after you started?
Did you take the courses? Or learn from the TH-cam videos?
I just dedicated every waking moment of my life to videos and studying
I want to learn swing trading, before I would ever try day trading. I know I'm not anywhere near ready for day trading. I still find this channel to be very interesting and informative, though, because Ross is an amazing teacher! 🥰
You can do anything you set your mind to you need to be willing to sacrifice and work your butt off and you can achieve it I believe in you
Ross, I just recently started following you. Your strategies are spot on. A few years ago, I had a 6 figure account. My problem was holding overnight and not "day trading". My account was wiped out because of this. It was a painful learning lesson. If I stick to "day trading", I know I will do well. Your strategy is the way I made money. Holding positions overnight is a HUGE mistake. I love your content.
That's rough, glad you found a solution. I'm just starting and this seems like a good place to start. Your comment definitely reinforces that notion.
myth 12 about money... I think starting with less will teach people to play smarter and tighter, vs the people who can afford to lose by playing looser. I look at being less wealthy as a benefit for the beginner, they can't afford to lose so it should force them to learn more before jumping into the Shsrk Tank.
Yes. Exactly
💯 can confirm this is a fact... I had a large account, emphasis on the had 😂 ....
@@BRAS64076 😆
I’m somewhere between a master of the universe and a degenerate gambler.
I have a background in everything.
Welcome to the club lol right on the edge of being professional and being a failure
Walking that tightrope between faith and delusion.
Ross would you like to do the small account challenge again? if so when will you start?
DOWNLOAD MY DAY TRADING STRATEGY PDF HERE: 🍏 warrior.app/2024-small-account-strategy
Thank you Ross for another great video. Cheers!
I wanted to listen to your seminar as I drove. Advertisements stopped the listening. I cant drive and hit skip. for your knowledge. Thanks, sir.
Great video Idea! Loved it. Happy trading..
Thanks Ross. those are valuable info for us. love it
I love how Ross gives back by sharing his knowledge and experiences.
I appreciate all of your videos. Thank you ❤❤
Great video as always, Ross!
He's absolutely right about the 9-5 thing. I wake up at 3 am and trade pre market, then go to my day job.
Thank you for the video
I am from Massachusetts and I want to start from July 4th as my reference point on the calendar! Wish me luck!
I have been watching most of your educational videos. I will join the basic program. The reason I have not started yet is because I am a legally blind grad student at JH, a father, and a non-profit founder entrepreneur! I have been working on setting up my accommodation and seeing how I can accommodate myself as a legally blind individual to be a trader!!!
L
I know your team would not have enough time to support such a rare case, but I am sure I will have some kind of support from you guys in my journey.
The market is going to be closed that day
Here’s my advice. Protect your capital with a stop loss every single time. The wins will be big if you minimize how much you lose.
@@alexapexgod4643 I know, I meant that week
Great points, Ross. I think we should all revisit videos like this periodically even once successful just as a reminder/remember what a good foundation is
Wonderful video Ross. 14:08 is the gift that keeps on giving.
I like that last point .. lot of people on social media and discord . I feel like they create a high level of FOMO and unfortunately retailers get in too late or at the wrong entry ..
I remember when Ross was an Uber driver to fund his small account challenge... lol
I used to drive uber for 4 years. Hopefully i can become ross when i grow up 😂
Good advice for new traders. Thanks for sharing, the early years trading are not easy, but if you can develop a strategy, control emotions (for many, this is what causes failure), and formulate a strategy that works for you, backrest it extensively, and live your trades by your strategy, and continuous learning, you can be very successful. Thanks Ross.
How about a video for us newbies on how to correct our mistakes like by mistaken a reversal as a pull back and price drops beyond the the point of no return for that day. Should we just wait it out while your money is tied up waiting for the price to bounce back up...etc
Oh yeah another thing that happens is psychological and its a feeling of being rushed when trying to find an entry point for a quick trade and in return causes mistakes...
I call stop loss, GTFO. Best lesson to learn before ANY other lesson. Its easy when the numbers go up, knowing when to GTFO is absolutely neccessary.
Hey Ross, how do you tell if the day is a hot market or a cold market for the day? Specifically a handful of stocks? News, catalyst? Etc. ?
All true ✅. …great share again Ross
Yes , it takes a ton of time to be in the matrix as a day trader where you see the charts and just can see the code or the great ones.. You're in the risk business, and you learn to limit risk or lose your gains easily
This was an excellent video, thanks. I expect the market will become a 24/7 market. T0 via Asset Tokenization will revolutionize this space. However like you mention there will still be times where the market volume is higher and those times will be the best times to trade.
Believe it or not going to college is gambling more so than trading with a strategy.
Take a shot every time Ross adjusts his specs
U need a ride to the hospital or the liquor store?
Shot
Shot
Shot
Hi Ross!!
Im from Sweden, can i join your courses ? Or its not working outside of US? :)
I always feel good about myself when I end up looking at the same stock as Ross does each day (which is 80% of the time now) and especially when I trade the same moves he does (unfortunately not as often, but I think I'll get to spotting them too eventually)
Ross, This was a fantastic video! Thank you for the knowledge you provide through your whole channel. - Mateo :D
I am new! How much should I need for day trading or swing to make around 200-300 in a day?
Ross, your hair is still looking good even after all these years.
Can you list the myths in your description area or the remarks area please.
The second myth, so true among my peers and even my family. So i decided not to share any more news about it(didn't tell them i did trading, was more of me telling them about how people are into it and stuff), and will continue focusing on myself and hitting them greens. They won't know when I'll become consistent and profitable but there will be signs!
being brutally honest, you went down a notch because of that shirt, and i love pineapple, it just looks terrrrrrrrrrrrrrrrible on you sir. God I'm only 4 seconds in and I don't want to continue, but you are impeccable with your word.
Hello.... Could you please answer..... Lets say i want to scan stocks for swing trading using RSI or bolinger band.....
What free scanners are available for us markets
Google it lol
Hate to say it as an MS Finance but its true. The knowledge is more applicable to institutional and/or long-term investing. To be fair it does help and as trader you will have to consider fundamentals at times. I think its great that anyone from any background can make money from the markets.
Saying day trading is like gambling (altho it technically is, by definition, and some ppl def treat it like a casino) is like saying every trade is 50/50... Either you win or you lose.. Which, isn't the case.
I like to compare it to the weatherman. Technically, each day it could rain or it couldn't, right? So why isn't there a 50% chance of rain every single day? Bc you can use data in a similar way to how meteorologists do to give yourself a better %..
That's what an edge is..
I am from Massachusetts and I want to set July 4th as my starting point on the calendar! Wish me luck! I have been watching most of your educational videos. I will join the basic program. The reason I have not started yet is because I am a legally blind grad student at JH, dealing with visual disability, and I am also busy as a father and a non-profit founder entrepreneur! The main challenge I am working on is how to overcome my barriers.
I have been working on setting up my accommodation and seeing how I can accommodate myself as a legally blind individual to be a Day trader!!!
I know your team would not have enough time to support such a rare case, but I am sure I will have some kind of support from you guys in my journey.
See you 4th of July!
Make sure you try your strategy in the simulator first! Prove you can be profitable before you put real money up for risk, it never hurts to be safe and certain.
@@sdhority definitely! Thank you!
Ross the gap scanners have been horrible the last few months 😢 how anyone can trade this is beyond me it’s getting ridiculously frustrating too trade theses markets period 😢anyway that’s my two cents still love ❤️ all your videos and the pineapple 🍍 sweatshirt is dope 👍 have a great trading week
You dont need gap scanners if you have a decent brokerage that already has one in place. I trade on webull and i just look at the "top gainers" section every morning and choose from those.
Thanks sir
I work in central standard time and wondering where I can trade after 5pm. It seems the Asian markets are the only ones actively traded during that time.
You a good man
i trade US market even tho I am not there, it’s just the best.
Great video. But can you make a short video going into more detail explaining how high frequency trading algorithms take money from other traders? You briefly touched on it in myth #14. Thx.
You can check out this video on that topic: th-cam.com/video/PeElNQKIj78/w-d-xo.html&ab_channel=RossCameron-WarriorTrading
@@DaytradeWarrior Greatly appreciated!
Easy come easy go is right. I’m at the point where I’m consistently making the money, but I’m still losing it all first I wasn’t making any at all. I’ve turned 3000 into 20,000 four times already and lost it.
You have to tighten up those stops, keep the losses as small as possible
Lost it all?
@@Sleeper197 yup just blew my 7th account
You got any kind of support group or Mastermind you can rely on?
@@TheMrFive I’m in a couple of discords
I have a cash brokerage account, Finviz.
What should b my next step?
Get rid of it and make a margin account.
@@bombs2fair thanks
IRA is the way to go, Taxes be crazy day trading. Use a small percentage for your living the rest trade from tax incentive portfolio.
trading in general not luck, but the big bang can be luck!
@Ross Cameron,
Have you or can you make a video on transitioning from a simulator to live trading? Maybe give things of concern and pointers on how to be successful? I know I won’t be the only one to benefit from something like that
I think that would be a useful video, albeit short. The biggest difference is going to be slippage and your impact on the market, both of which can be reduced by starting with small share positions (100-5000) until you see how your trading is impacted by being "live".
Day-trading is hard. Most people fail. That is all you need to know in order to decide whether or not you should day-trade.
Ross, can I ask why some stocks when it appears they are on a run, then suddenly trading is halted what causes this?
This is a circuit break halt, you can learn more here: www.warriortrading.com/circuit-breaker-halts/
@@DaytradeWarrior thanks for getting back to me and thanks for the link.
Day trading with Robinhood is a little crazy.
My Schwab brokerage account shows not FDIC insured.
2:08 i dont think youre gambling even if you're not profitable yet i have strategies and rules following my indicators and price action even if im not profitable yet (loosing money but pretty close to break even never got close to blowing my account ) just gotta work on execution and waiting for the best setups still very far from gambling more like educated guesses and the more trades you put in while also doing research and studying the more educated you are
Does Ross have something against Webull? I swear I've never heard him even say the word but I'm pretty sure it's the most popular.
They def aren’t the most popular, but most traders think they are better than robinhood. Webull has a decent platform but I’ve never traded there.
I've been trying to day trade for about 90 days, and found that I stink at it. Is it normal that I want to quit at this time? I've never given up on anything in my life, but this has been disheartening
how are you determining your entries? what signals are you looking for in your candlesticks and moving averages
@@user-lw3ri8us4w Entry - looking to see if support holds and then enter on a pullback from a new higher high. Looking for lots of volume, in addition to being at or above vwap. So what happens, is it looks good to me, but then I get faked out and it keeps dropping down, red candle after red candle and doesn't come back up. Conversely, how do people know when there will be a sudden surge of volume? Thanks for asking
Volatile penny stocks + FOMO = 🔥💰🔥🤦
Can't do day trade, do swing trade only
@27:33
Pineapple shirt is a lifestyle choice
Ok so I got about 1000 in losses I'm still trading like it never happened and I'm not taking any losses I'm not tripping about the grand could this cost me more then a thousand bucks and can I get in trouble for making to many trades I'm expecting to make about 50 a day😅
Hey can you make a video on how to find the swap I know it's volume + value but what does that really mean
Do your research it's all online for free thru videos like this. Type what your looking for an example of and blame video after video breaking it all down
If your losing get out early and if your up set a automatic sell point and keep moving every-time it moves
You be surprised how many gamblers have strategy :). My thing is buying myself out of slavery.
It’s funny how Ross says he couldn’t make it to hollywood but he actually has a very cinematographic physique
Cienematographix physique?? What 😂
wtf is this comment tho
and when did he say anything about hollywood?
Why do I suddenly feel like hawaian pizza?
Lol, my insurance adjusting job is a boys club but I am certain I do a better overall job than at least 50% of those men at my level and below in the market.. Dont let the boys club deal scare you
The biggest myth is that you can replicate the results of any trading strategy shown on social media.
Only bc it’s different each day
Idk, his strategy is pretty solid. I've been using it (with some adjustments as I've learned) to a great degree of success. 80% green days, 72% accuracy on trades, Ross knows what he's talking about. It's up to you to make it work.
Luck is nothing more than Skill and Opportunity meeting at the same place.
Ross, you make so many videos. Is it weird to be tired of talking all day, and yet have talked to no one all day? I like the videos don't get me wrong. I just see that sometimes you will put out like 3 day, and I can't help imagining you doing your trading or whatever and constantly having a conversation with no one. Lol seems like thoughts only an at home video maker would have.
You should be grateful for all his videos. He helps all of us
Seems you are paying a ton of fees, Ross. Why not do a small account challenge in a "no fee" account to see if a no fee broker might be worth working with.
Trading is the hardest way to make easy money
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Timestamps:
7:09 - Money 🤑🤑🤑
Paper Trade. Do NOT ever put money on the line until you have already proven to YOURSELF that you can even do it at all. A fool and his money...
huge disagree. put a small amount of money on the line, like $300, so you can practice with the real emotions of trading.
❤❤❤😮😮😮🎉🎉🎉
Discipline
Wow warrior is woke too now
😢🤡
The market is rigged, that's why I like shorting AAPL:)
Dude if you give free pdf, give free pdf, dont require me to give my email and consent for spam, thats not free at all. My dissappointment is immesurable and my day is ruined.
With no due respect, please consider a great trade, PDF for email. Suggest getting this down qwik because you'll need to learn being humbler as you bid out a horrible trade. Ross' info is a valuable commodity and just get a disposable Gmail. Warrior Trading is a business first. We just happen to have a rocket crazy viking madman CEO at the helm and helping us tremendously. He is the teacher, a very very effective teacher without personality cultness.
Dude. You can make a free email account just for stuff like this. Dont be mad at him because you cant think for yourself.
You missing the point my man.
@antyrrama no im not. Hes not charging you one penny, one dollar, a subscription fee or anything. It is free currency wise
Exactly that! That is the difference! "free currency wise" and "free" is not the same. And thats not cool. Also, getting a thrash email account to go around this is not cool on our part. Simply he could say something like "register on my website to get free pdf".
It's funny that trade alerts are even allowed... lol ya know, I hate those things, so so rarely on point. You've taught me tons Ross! You do have a pretty powerful setup & team to work with. Would love to be able to afford you guys some day! Thanks for all you do brotha, still watching all the vids. 🫡🫡