Why traders don’t offer to invest in them, to get profit for both sides. Im exactly taking small profits and then wait too long when trade going opposite direction
I'd say in day trading I don't hold winners long enough, it's hard to tell if it's going to be a quick $500-1000 or a deep trend of $3000-5000; especially with choppy markets (a stock will be doing well, then the sp500 goes down and the run ends with a steep downturn.) It's hard to complain about $1000 in the morning when I used to drive Uber and make that in a month of full time work before expenses, but when a stock looks good and I'm suddenly down $500-3000 (not even from holding too long) something needs to be adjusted. Lots of irratic stock moves, I made a rule of quit trading if I'm up and stock moves are too irratic; now I've added quit trading if I'm up and it's 9:42 unless there is a stock racing up.
Why not just set your stop loss to cover your risk as the stock rises so you don’t have to scale out early and miss gains? That way you aren’t as prone to getting emotional and selling everything too early. Just my thoughts as a beginner trader
If you buy a stock at say $2.00 you should make a rule that you should be out of the trade at $1.90 hold If if it doesn't reach that and keeps going :) Being discipline is huge when it comes to trading and I'm learning this on paper $$$ :) real $$$ next month :)
I would call that FAR too much risk at 5% loss! I trade large 6-figure positions, and there is no way I'm willing to lose $10,000 on a single trade! Not even 1%! Far less... maybe 1/10th of 1%. That's more like it.
Great video as usual. Shortly after the 10-minute mark, you noted something that I was actually focused on this morning. I noticed that I rarely had a single big loss ($500+). Instead, it was usually two or three in a row. I went to my trading plan and put in the following note: "if I lose more than $500 in one trade, or back-to-back losses of $300+, I take a 5-minute break from trading (breathe and center myself) and don't trade that specific stock again for at least 10-minutes."
This is one of the most valuable videos on here, and so many did not watch it. What you say about a good set up working right away, lagging, or going sideways, and how to respond to those situations. Priceless.
Hey Ross! I really needed this today. Holding a BIG position long cause I didn't cut losses quick enough. I'll be looking for a painful exit soon and starting the month fresh again. Thanks for the great mentorship. You are a true educator!
I have this issue. My gains are usually good on the trades where I'm selling too early (10%-25%), but I'll miss out on another 30%+. I'll hold negative for extended period and play defense until I'm positive. I have a difficult time stretching out the pumps. But then I'll have issue where the next time on a gain I hold too long and take a much smaller profit. I'm starting to think middle 75% run is where to sell and leave bottom and top 25%. I have overall 72% success rate, but 80% last 50 trades. I'm a noob and have been trading around two months but just shy of doubling my account in that period.
Once again, such helpful tips Ross. I love your suggestion on how to handle your trades after you hit your daily goal. Thanks again for another great video!
I have been into trading (sim) for a couple of weeks. And it’s like when we are in green I see it all. We are in the green, flow, watching the numbers… but when it goes red it’s like I become a retard and hardly notice what’s going on with the price. It’s like it’s a supprice, like what’s going on, confusion…I probably have adhd
I fully agree with what you said in the video. I personally find very frustrating to be under the PDT rule and with limited capital. In this situation it is hard not to think about profit in order to increase your capital and get out of the PDT. Emotions and FOMO rule the day.
I have been in the same boat. The most frustrating thing is that you have to make good on the limited number of trades under the PDT rule and that is a lot of pressure in cutting losses. I found it much easier now that I have moved to an off shore broker where I can trade normally with less than 25k. Much easier to follow your plan of taking profits and cutting losses quickly. All the best.
Ross,As always, every time seeing your video learning something new!! Thank you so much and please keep posting your great videos, May God Bless you!!!
Also, what are your parameters when looking for a high quality stock/company? I noticed stay away from OTC companies because there isn’t enough liquidity and volume so I guess that’s a good start.
Thank you so much for the video. Last trading day I managed to get frustrated and by days end I had lost 4% of my account. It's time to regroup, refocus, set myself up with more quality picks, and sell the losers with a quickness and move on. I only have a small goal ( as I am a beginner trader) of raising my account by 5% a week consistently. I think it's very achievable......I hope.
Hello Ross. I love your videos I am learning so much. You mention relative volume and also sorting by percent change. What I sometimes notice, is that some stocks will have a higher %chng than others, with a lower rvol and also vice versa. This makes it a little bit more difficult to choose. So lets say a stock has %chng of 10 with a 7 rvol and another has a %chng of 15 with a 5 rvol. I get analysis paralysis. Please help? Thanks.
Hey Ross is there gonna be a membership where you can only get the sim? Because that’s what I need right now and would love to buy your everything else whenever I can
i am struggling with this issue big time... i'll be green 4 days a week (+30, +45, +70, +20) ... and 5th day.. i'll be red -250 dollars and become Red all over the week and.. it makes me think to quit trading.. but i still believe in myself ..and still trade.. but again losing money thing scares me in a trade to take profit when m up 20-30 dollars... 😫😫 i'v seen my trades gone upto +1000-1500 trade..but i'm out already and made only 35-50 dollars... im struggling with this big time...
Good afternoon Ross, I just finished studying this video and I just wanted to say thank you for all this free advice. If it wasn’t for you idk what i would do. I appreciate what you do, thanks again buddy.
For example, I was holding this losing stock that I didn’t sell when it was still small green. Next trading day I promise myself to watch it closely. It goes up to save me one third of loss if I sell and I miss it because I am busy at work. That’s it. Sold it in the rock bottom again. I could have sold earlier and have some cash to trade a worthy stock.
Clicking that link to the special episode sends my browser into a spiral of opening tab after tab that I haven't been able to halt... hope it doesn't crash my phone...
Ross - how do you manage selling on the bid if the stock is dropping quickly, particularly if the stock price drops below that limit order value before your entire position executes?
Darren, in that case Ross would cancel the open order and put out another order to sell or wait for a relief bounce. It depends on the stock generally though.
This is me on every trade, wins I tend to sell at 20%, losers 30, 50.. thats mainly because my entries are horrible. I find evrrytime I set a 20% stop loss it stops out then proceeds to rocket up.
Burning question. The statistical advantage of favorable P/L Ratios is limited by the trader's skill in discerning REALISTIC profit targets. How can newer traders leverage the statistical advantage of 2:1 (and higher) ratios if they don't yet have the skill to formulate a realistic profit target accurately/consistently?
That's where education comes in! To get started with Warrior Trading, I highly recommend coming to our next webinar! It's free to watch and you will receive a copy of Ross' best-selling eBook "How To Day Trade" just for staying until the Q&A! Sign up here: www.warriortrading.com/free-day-trading-class/
really good video, I appreciate that you reply to your viewers questions, most youtubers dont. Im new and have only been trading for 6 weeks,I currently struggle to find quality setups, i dont always know what is classed as a quality setup.
Appreciate that Brian! For a small account, this video may be helpful: th-cam.com/video/_NAM_oTYUQM/w-d-xo.html Special Download: www.warriortrading.com/small-account-strategy-lesson/
This video was speaking to me where I am at in my trading journey . Been on and off for 3 years and a full year consistently next month , and I am breakeven . It’s not a bad spot but can be frustrating if you don’t find out that one missing peace . And this video is just that. !only thing I can’t do is cut losses early cause there’s many times I cut my loss and it shoots as a big winner .
Ross, two points. First, you did NOT follow your own advice this week on MSGM. You bought 10,000 shares and took a small win. Why didn't you just take 5,000, book a for sure profit and let the rest ride up? I sold at $38 (but only 100 shares). I watched your video of you buying/selling MSGM and couldn't believe you took your whole position off the table for a dime. Listening to you on THAT video, YOU WERE GETTING EMOTIONAL. To paraphrase you, "I can't believe this stock is acting this way!" It doesn't get much more emotional than that. But, I LOVE YOUR VIDEOS and I bet we would love having a coffee or a beer together. Next, during this entire video, I never hear you define QUALITY. I just started Day Trading this year, in January. I am only up about $1,000 but here are the stocks I have done: SHOP, AMD, AMZN, NVDA, W, MSGM and a couple more. Would you call these "quality' stocks? And how do you judge? EPS? Market Cap? Income? Ave Daily Vol? You have a GREAT teaching style so keep it up!
Hold them longer with the ATR. It works every time. I love it. It works very well with trending trades. Just trust it. Just remember to adjust it with every stock.
You can learn more about choosing the right computer and setting up your workstation in these 5 helpful blog posts: 1. www.warriortrading.com/day-trading-computer/ 2.www.warriortrading.com/day-trading-laptop/ 3. www.warriortrading.com/3-tips-for-buying-your-first-trading-computer/ 4. www.warriortrading.com/multi-monitor-day-trading-work-station/ 5. Link to popular hdmi to usb connector: www.amazon.com/USB-Dual-HDMI-Adapter-External/dp/B0725K1MHH/ref=sr_1_1?dchild=1&keywords=2+hdmi+to+usb&qid=1623263940&s=electronics&sr=1-1 You can check out these videos for more info as well: Setting up a simple trading station: th-cam.com/video/1VPQURM9C3g/w-d-xo.html Ross's New trade station: th-cam.com/video/9TLIfJtJI0g/w-d-xo.html
I want to paper trade historical data like example today premarket i can’t do it because market open at my local time 14:30 and my day job ends 17:00 Sorry for disturbing you
A lot of trader have that huge problem, because we don't know how to fight against that emotion that you see a small winner trade and you feel fear and oress bottom to sell
another fantastic episode. loved this one and the one on cutting losses quick. found it really interesting when you talked about how you scale into your day by first getting green, then hitting the daily goal, and then starting over and only risking the extra profit you have over your daily goal
Special Episode Download- warrior.app/holding-losing-trades-video-lesson
Your links above have no article found.....
Why traders don’t offer to invest in them, to get profit for both sides. Im exactly taking small profits and then wait too long when trade going opposite direction
Where’s the market maker video?
I'd say in day trading I don't hold winners long enough, it's hard to tell if it's going to be a quick $500-1000 or a deep trend of $3000-5000; especially with choppy markets (a stock will be doing well, then the sp500 goes down and the run ends with a steep downturn.) It's hard to complain about $1000 in the morning when I used to drive Uber and make that in a month of full time work before expenses, but when a stock looks good and I'm suddenly down $500-3000 (not even from holding too long) something needs to be adjusted. Lots of irratic stock moves, I made a rule of quit trading if I'm up and stock moves are too irratic; now I've added quit trading if I'm up and it's 9:42 unless there is a stock racing up.
Why not just set your stop loss to cover your risk as the stock rises so you don’t have to scale out early and miss gains? That way you aren’t as prone to getting emotional and selling everything too early. Just my thoughts as a beginner trader
If you buy a stock at say $2.00 you should make a rule that you should be out of the trade at $1.90 hold If if it doesn't reach that and keeps going :) Being discipline is huge when it comes to trading and I'm learning this on paper $$$ :) real $$$ next month :)
Great point!
I would call that FAR too much risk at 5% loss! I trade large 6-figure positions, and there is no way I'm willing to lose $10,000 on a single trade! Not even 1%! Far less... maybe 1/10th of 1%. That's more like it.
There are a lot of cringeworthy thumbnails of traders with stacks of hundreds on their desks and here is Ross with $24 😂
One of the most honest ones out there
😂😂
Amen lol
Best advise!
Great video as usual. Shortly after the 10-minute mark, you noted something that I was actually focused on this morning. I noticed that I rarely had a single big loss ($500+). Instead, it was usually two or three in a row. I went to my trading plan and put in the following note: "if I lose more than $500 in one trade, or back-to-back losses of $300+, I take a 5-minute break from trading (breathe and center myself) and don't trade that specific stock again for at least 10-minutes."
Nice, all about having a process for certain situations!
This is one of the most valuable videos on here, and so many did not watch it. What you say about a good set up working right away, lagging, or going sideways, and how to respond to those situations. Priceless.
I would try more time than that not nearly enough for our ego filled minds atleast for me
Hey Ross! I really needed this today. Holding a BIG position long cause I didn't cut losses quick enough. I'll be looking for a painful exit soon and starting the month fresh again. Thanks for the great mentorship. You are a true educator!
Happy to share. It's important to have a plan when entering a trade.
I have this issue. My gains are usually good on the trades where I'm selling too early (10%-25%), but I'll miss out on another 30%+. I'll hold negative for extended period and play defense until I'm positive. I have a difficult time stretching out the pumps. But then I'll have issue where the next time on a gain I hold too long and take a much smaller profit. I'm starting to think middle 75% run is where to sell and leave bottom and top 25%. I have overall 72% success rate, but 80% last 50 trades. I'm a noob and have been trading around two months but just shy of doubling my account in that period.
👍🤓
You're doing a lot better than I am. Keep it up!
Great work! See? These ARE learnable skills!
Congratulation for reaching 1M subs Ross. Your Video helps me a lot in finding my tune for better trading styles.
Thank you!
this man is the trading Moses!! love this as a new trader
Thank you Buck!
Ross thank you for all you do and these videos! I’m a pro member and am going to be successful in trading and want to thank you for all you do! 🍀
We appreciate the support!
I just started trading with a simulator and this is a big problem I've had. I'm excited to apply your methods and tips, thank you so much!
Nice, practice is a great way to get better!
Ross, your my favorite teacher. your so on point. so clear, and you clearly care. I've thanked you a lot over the years. but Thank you again!! : ) :)
Appreciate that!
Once again, such helpful tips Ross. I love your suggestion on how to handle your trades after you hit your daily goal. Thanks again for another great video!
Thanks for watching!
I’m learning just to switch off and walk away once I take gains- until I finish building my time machine
👍🤓
Wow from 500 dollars to 9million dollars that's crazy 🤪 😳
🤑💥
I have been into trading (sim) for a couple of weeks. And it’s like when we are in green I see it all. We are in the green, flow, watching the numbers… but when it goes red it’s like I become a retard and hardly notice what’s going on with the price. It’s like it’s a supprice, like what’s going on, confusion…I probably have adhd
Congratulations on 1M subscribers Ross :)
Thank you James!
I fully agree with what you said in the video. I personally find very frustrating to be under the PDT rule and with limited capital. In this situation it is hard not to think about profit in order to increase your capital and get out of the PDT. Emotions and FOMO rule the day.
PDT can be frustrating that's for sure.
I have been in the same boat. The most frustrating thing is that you have to make good on the limited number of trades under the PDT rule and that is a lot of pressure in cutting losses. I found it much easier now that I have moved to an off shore broker where I can trade normally with less than 25k. Much easier to follow your plan of taking profits and cutting losses quickly. All the best.
Cash accounts eliminate PDT
Fantastic video Ross, thank you.
You're welcome Esteban!
What would the bail out button settings be for premarket? Limit Ask - .01? Tia
Ross,As always, every time seeing your video learning something new!! Thank you so much and please keep posting your great videos, May God Bless you!!!
Glad to hear it! 🙂
Also, what are your parameters when looking for a high quality stock/company? I noticed stay away from OTC companies because there isn’t enough liquidity and volume so I guess that’s a good start.
Ross uses scanners for this! To sign up for Day Trade Dash please follow this link: secure.daytradedash.ai/sn/DtdMQA
Thank you so much for the video. Last trading day I managed to get frustrated and by days end I had lost 4% of my account. It's time to regroup, refocus, set myself up with more quality picks, and sell the losers with a quickness and move on. I only have a small goal ( as I am a beginner trader) of raising my account by 5% a week consistently. I think it's very achievable......I hope.
You're welcome Antonio!
Hello Ross. I love your videos I am learning so much. You mention relative volume and also sorting by percent change. What I sometimes notice, is that some stocks will have a higher %chng than others, with a lower rvol and also vice versa. This makes it a little bit more difficult to choose. So lets say a stock has %chng of 10 with a 7 rvol and another has a %chng of 15 with a 5 rvol. I get analysis paralysis. Please help? Thanks.
It's more of a guideline, don't get too focused on just that.
In this video Ross said he would share a link to a video about removing mental blocks for holding winners but I cant see it in the description
👍🤓
Hey Ross is there gonna be a membership where you can only get the sim? Because that’s what I need right now and would love to buy your everything else whenever I can
Yeah, there will be! Stay tuned!
That's me and I tense to hold a loser more longer. Err!
👍🤓
i am struggling with this issue big time... i'll be green 4 days a week (+30, +45, +70, +20) ... and 5th day.. i'll be red -250 dollars and become Red all over the week and.. it makes me think to quit trading.. but i still believe in myself ..and still trade.. but again losing money thing scares me in a trade to take profit when m up 20-30 dollars... 😫😫 i'v seen my trades gone upto +1000-1500 trade..but i'm out already and made only 35-50 dollars... im struggling with this big time...
Good afternoon Ross, I just finished studying this video and I just wanted to say thank you for all this free advice. If it wasn’t for you idk what i would do. I appreciate what you do, thanks again buddy.
You're welcome!
great video with some valuable advice, keep up the good content!
Will do, thanks!
For example, I was holding this losing stock that I didn’t sell when it was still small green. Next trading day I promise myself to watch it closely. It goes up to save me one third of loss if I sell and I miss it because I am busy at work. That’s it. Sold it in the rock bottom again. I could have sold earlier and have some cash to trade a worthy stock.
Clicking that link to the special episode sends my browser into a spiral of opening tab after tab that I haven't been able to halt... hope it doesn't crash my phone...
Congrats on 1M Ross! I know you've been working hard to hit the milestone!
Appreciate that!
Ross - how do you manage selling on the bid if the stock is dropping quickly, particularly if the stock price drops below that limit order value before your entire position executes?
Darren, in that case Ross would cancel the open order and put out another order to sell or wait for a relief bounce. It depends on the stock generally though.
@@DaytradeWarrior Thank you!
Thank you Ross for the content.
You're welcome Andre!
thank you ross ''''''''do you trades indeces?
You're welcome and yeah definitely!
Good advice. I don't focus on PL now. There are other focuses and the P follows.
One millon!! congrats Ross!
Thank you!
This is me on every trade, wins I tend to sell at 20%, losers 30, 50.. thats mainly because my entries are horrible. I find evrrytime I set a 20% stop loss it stops out then proceeds to rocket up.
Keep at it!
Hey, how can I be comme one of your students, 🙏 please
www.warriortrading.com/trading-courses/
Reach out for more profitable tip's🚀
6:11.
👍🤓
had to like the video just because of the t-shirt , a man of culture
Burning question. The statistical advantage of favorable P/L Ratios is limited by the trader's skill in discerning REALISTIC profit targets. How can newer traders leverage the statistical advantage of 2:1 (and higher) ratios if they don't yet have the skill to formulate a realistic profit target accurately/consistently?
That's where education comes in! To get started with Warrior Trading, I highly recommend coming to our next webinar! It's free to watch and you will receive a copy of Ross' best-selling eBook "How To Day Trade" just for staying until the Q&A! Sign up here: www.warriortrading.com/free-day-trading-class/
Can't thank you enough. Excellent work. Many thanks.
really good video, I appreciate that you reply to your viewers questions, most youtubers dont. Im new and have only been trading for 6 weeks,I currently struggle to find quality setups, i dont always know what is classed as a quality setup.
Glad you enjoyed, happy to do it!
1st of all I think your energy is perfect for teaching!!
What is the best strategy for a cash account with $6000
Appreciate that Brian! For a small account, this video may be helpful: th-cam.com/video/_NAM_oTYUQM/w-d-xo.html
Special Download: www.warriortrading.com/small-account-strategy-lesson/
This video was speaking to me where I am at in my trading journey . Been on and off for 3 years and a full year consistently next month , and I am breakeven . It’s not a bad spot but can be frustrating if you don’t find out that one missing peace . And this video is just that. !only thing I can’t do is cut losses early cause there’s many times I cut my loss and it shoots as a big winner .
Thanks for sharing Sam, keep at it!
That’s me 😢😢😢😢
👍
Ross, two points. First, you did NOT follow your own advice this week on MSGM. You bought 10,000 shares and took a small win. Why didn't you just take 5,000, book a for sure profit and let the rest ride up? I sold at $38 (but only 100 shares). I watched your video of you buying/selling MSGM and couldn't believe you took your whole position off the table for a dime. Listening to you on THAT video, YOU WERE GETTING EMOTIONAL. To paraphrase you, "I can't believe this stock is acting this way!" It doesn't get much more emotional than that. But, I LOVE YOUR VIDEOS and I bet we would love having a coffee or a beer together.
Next, during this entire video, I never hear you define QUALITY. I just started Day Trading this year, in January. I am only up about $1,000 but here are the stocks I have done: SHOP, AMD, AMZN, NVDA, W, MSGM and a couple more. Would you call these "quality' stocks? And how do you judge? EPS? Market Cap? Income? Ave Daily Vol?
You have a GREAT teaching style so keep it up!
Thanks for sharing! Appreciate your perspective.
@@DaytradeWarrior Ross, I sent you a private apology via email!
Thanks Ross! 👍
You're welcome!
I can't even take you seriously flashing 24$ in the thumbnail.
🤑
Very Nice tip
Thank you!
I needed this thanks for your expertise and teaching free on youtubes
You bet!
Thanks Ross. You are the best🎉🎉
"I was afraid of loosing" hmmmm i know a guy that has FOL ....yup thats me.....
Sorry to hear that, it takes time to make change!
@@DaytradeWarrior yup especially when u live in a poor 3rd world country....but i know I will overcome it with time
I haven’t started yet, not even a simulator. I’m glad I saw this before beginning. Huge ups to you Ross!
Happy to help!
Hold them longer with the ATR. It works every time. I love it. It works very well with trending trades. Just trust it. Just remember to adjust it with every stock.
Thanks for the suggestion!
@@DaytradeWarrior Pleasure. I am using Trading View.
Hey Ross, what computer and monitors do you recommend for getting a trading setup started? Awesome video as usual, thank you for everything you do!
You can learn more about choosing the right computer and setting up
your workstation in these 5 helpful blog posts:
1. www.warriortrading.com/day-trading-computer/
2.www.warriortrading.com/day-trading-laptop/
3. www.warriortrading.com/3-tips-for-buying-your-first-trading-computer/
4. www.warriortrading.com/multi-monitor-day-trading-work-station/
5. Link to popular hdmi to usb connector:
www.amazon.com/USB-Dual-HDMI-Adapter-External/dp/B0725K1MHH/ref=sr_1_1?dchild=1&keywords=2+hdmi+to+usb&qid=1623263940&s=electronics&sr=1-1
You can check out these videos for more info as well:
Setting up a simple trading station: th-cam.com/video/1VPQURM9C3g/w-d-xo.html
Ross's New trade station: th-cam.com/video/9TLIfJtJI0g/w-d-xo.html
@@DaytradeWarrior thank you Ross man the boss man!
Radiohead is the best mate
✌😜
Anyone recommend a good simulator for Canadians?
TD Direct and Questrade are popular with Canadians in our community- you can check them out!
How do you decide how long a stock can be flat for before you consider it a loser? Thank you!
Ross expects trades to work right away, so if they don't begin to work immediately he will typically reduce his size.
@@DaytradeWarrior cool! Thanks for the reply
Thanks for the video
You're welcome!
love the video very useful.
Love to hear that!
Maybe some advice how i can trade historical data ?
Not sure what you mean by that, historical data can be used to back test a strategy but live data is required to trade Ross style.
I want to paper trade historical data like example today premarket i can’t do it because market open at my local time 14:30 and my day job ends 17:00
Sorry for disturbing you
Great video)
Thank you! Cheers!
Patiently waiting
👍🤓
thanks ross
You bet!
How to hold winners longer? Use a nice stop loss level and wait until 1min candle closes under the ema10!
A stop loss can only be used after the bell, so knowing how to hold longer will help during pre-market and in general.
👍
@@KingMK31 The worst habit is to hold a losing trade, before or after the bell. If I can't close a trade or use an sl I stop trading.
@@pivxtrex8698 But the title of the video (is) How to hold winners longer!
@@KingMK31 😄indeed
A lot of trader have that huge problem, because we don't know how to fight against that emotion that you see a small winner trade and you feel fear and oress bottom to sell
It takes time, that's for sure.
A long class about it, it will be great
👍😊
Do you notice you really talk with your hands? Lol
Haha you aren't wrong!
Great video Ross. Thanks for sharing
Glad you enjoyed it!
another fantastic episode. loved this one and the one on cutting losses quick. found it really interesting when you talked about how you scale into your day by first getting green, then hitting the daily goal, and then starting over and only risking the extra profit you have over your daily goal
Glad you enjoyed!
Very useful and needed this at this stage of my progress. Thank You
You're welcome!