@@robr4501 He does not use stop losses because they do fail when you place them at the start, sometimes. The reason they will fail is just how quickly high volume stocks can move.
Shouldn't it be illegal for the market makers to take back their orders? I heard that you can get kicked off an exchange for doing that as a retail trader. I'm a noob, so any accurate info is appreciated.
Today was my first day of live trading, after spending over a month in the simulator. Stuck to my rules, 2 small trades ended up green on the day. It's a start 🤷♂
Hi, nice. Can You share the broker u use and are u useing margin? Bec. some brokers are limiting volatility stock trading with their margin requirements and im really might look to change broker. Thanks
Went from red to green this week. Added 4% with my wins after covering my losses. Started experimenting with a small acount in December. Went from $500 to $360 in December. January went from that $360 to $598 taking careful calculated trades, and the last 2 days added another $24. All in a cash account that has to settle between trades. Being careful and patient works.
One of the best series related to trading I've ever seen. Very practical about what trading is and what skills is required to perform in this industry.
Ross, I don't day trade but I still enjoy your content very much. Because of my work schedule I swing trade. You are very personable, and I believe knowledge is power. I enjoy learning from you.
Firstly as always your awesome in not only teaching the technical side but also the emotional/mental side. Secondly the passion you have for this screams through the screen ! TYSM!!!
Stick to the rules in place. I, 3 red trade I'm out. 3 red day I'm done for the week. Max loss, well you have to put yours on paper and stick with it. But you Ross, you are my mentore and it is sometimes difficult when feelings getting in the way. You teached us, cut your loses quick! When I analize my statisticks that was, is my problem. January well was red but it's coming arround, why... CUT YOUR LOSES QUICKLY! Like you always say its a marathon and not a sprint! Oh and btw, every day when I sit down and start my computer i tell my self, I don't have to trade!!! But I'm sur you're going to show us, Rossinator 😉
The way I fixed my bad fill orders on Robinhood was by using limit buy and limit sell orders. Lately I have been implementing stop losses after 5 minutes halts which saved me big time. Thanks for all the advice Ross. I’m really loving the mid day recaps. It’s nice to get confirmation that I’m following the same path as you just on a much smaller scale. Can’t wait to hit that 25k and switching back to a margin account.
this just explained so many of my frustrations with trading. for me, pre market with no stop is better than being played on so many breakouts that turn red instead of another expected 5 minute green candle. and hoe i am always filled at the high end and pennys are lost in that execution. This is a great video
i started a week ago doing paper trading and lost about 1500 from the demo account because i didnt know the difference between buy-limit-sell buttons lol but slowly recovered that 1500 and now up by 50. plan is to stay green for about 6-8 weeks as you said before i start with real money. thanks for amazing videos
Good episode. Glad you did not set a stop and walk away on DWAC , Very scary to have 6 times margin access! For you Ross this type of loss would not matter, easy to reset. Others would be devastated. I enjoy watching your channel , Keep up the great work on teaching.
Nice job Ross. Just something I noticed, your red days are like mine where I'm basically getting in at the top thinking it's going to run up further. I really started analyzing the stock a lot more looking for patterns to avoid getting in at the top. If I'm not feeling it I'll wait for the afternoon run and get in on the dip once I notice some momentum. I got in on MARK with misconstrued news and it literally tanked once the actual news broke. All things said this isn't easy and discipline and strategy go hand in hand, and our strategies could be very different. But, at the end of the day, we all learn something from our mistakes and that's what makes it interesting. If every day was green and was a cake walk, I would honestly get bored of it.
jajaja omg ross that was hilarious "hold the stock till it hits profit target or pass away" you couldn't have put it better I know exactly how you feel lol
This man has taught me everything I know. And I don't even trade his strategy. But his mindset and how he thinks when it comes to risk management. If you haven't seen the recap where he lost $200k plus in a day go watch it. Then watch him recover the losses. Huge determination on success in this is resilience.
Just ordered your book. I find when it feels like its a stuggle, it is, and that's when you grab the car keys and go for a drive and get away from it because I find you'll just dig a bigger hole.
Hey Ross. Thank you for what do for us! You’re a great teacher! I’m ready to paper trade and will sign up for yours. Your teachings and info is priceless. Thanks again
Ross, this is good stuff. If you're going to change something, change the expectation of your weekly video. You don't have to show us trades. If you have days that you don't want to trade the small account, just pick a stock that hit your scanner and you passed on it, then explain WHY you passed on it. I know a lot of times is because you can't size in efficiently with your broker's rules, so it is what it is. But if you can point out some other cues that might be helpful to us newbs, too.
I’ve learned everything thru you mentor Ross, I started small account challenge of a thousand on the 15th of January on simulator and I’m up at 2597 paper money as of yesterday Now I’m founding a real account with 1000 for February 🙏🏽 thanks to you I’ve learned a skill.
@@ItsDaqoHD I don’t lose 100 a pop, it might take 2 thru 5 trades depending on the day. I’m quick on the trigger if I think the trade is not going the way I planned
Awesome teachings about the makers edge!! I'm wondering why you didn't wait for a pull back on ULY? The 5 min was a huge candle and I'm surprised you took a trade on 40$ stock at noon when your window is closer to 8 to 10am.
Lesson 1 that I learned from you. If nothing moves in good way. Then no trades for me. 2 always most of the times, impulsive trades has very negative return. It's like risking so high just to make almost very small profit,
I absolutely love the transparency. Its my exact same feelings as ive begun trading. Biggest lesson you have taught me is the steel of discipline!!!!!!!!!!!! !!! Only advice I can give you is take your own advice. Dont hold and hope lol. Thank you Ross. Love your humbleness !
Love how you explain what we're up against. It gives a much better edge. I heard a ytuber once mention that the brokers can be quite dodgy and deliberately slow order your orders. I think he did also question it with them and got results.
Ross, one quick question. What is the name of the soundtrack you are playing in the beginning of the video ? Its been bothering me the whole video LOL.
Ross - why you are not using a tight stop loss, especially with a stock for 40$ in the open market trading ? Please start to implement and demonstrate it in the next challenge:)
Try trading within the PDT on the small account? I will be and so will most small account traders, might be nice to see the strategy differences with less trades.
Problem is that most of these volatile stocks are Margin Restricted Stocks, like margin required 100% and 150% , and it changes together with volatility.
Ok, im adding and asking help, if anyone's got same situation. Broker says: * margin req.% is theirs to make* Fed says it's theirs. Is there comparison for different brokers margin requirements? If i remember correctly then about year ago tradezero didn't but these big margin requirements on these volatile stocks. Does anyone uses here CMEG versus TRADEZERO to really get useful information about it?😊
Thanks buddy I sold some stock. I've been holding on to for over a year. So I could trade more shares. Stupid, right because I'm frustrated. Just like you said cold market.
You are AMAZING 🙏 and hoping to be able to afford joining your team one day soon 🙏 until then I have a question about Float, do I go by Free Float # or Free Float Mkt Cap # ? Thank you again for all the Wonderful videos,you are a true Inspiration 🙏❤️
Just asking because I’m considering opening an account through the international broker but I want to know the fees to expect per trade and how much I’ll be paying per month for market data like the level 2 and stuff.
hey im sorry ross i had to look deeper into the course! i thought because it didnt go over secondary offering and halt risk early enough in the course for like for example during the fundamental analysis section, i thought i wasnt getting the information that i needed.
I am confused.. as a new trader this video makes it seem like your challenge should be with 5-10k as opposed to 1k. It also is a good PSA if a pro like yourself can’t make it happen then I probably couldn’t either (I am a newb on paper acct)
Why is it that some small cap traders find it difficult to trade large cap stocks? Other than volatility is less, is it not safer to trade so one can trade higher amounts of $$$ to achieve the same daily goal in $$$ ? Heard this from several traders who trade only small cap stocks.
I think you should base your success on set % profits on your small account instead of just trying to earn the most as possible. It puts less pressure on you trying to grow account and it's a better way for new traders to set up a system to be more disciplined
That doesn't work. Say you want 2% a day. If it gets to last hour and you've made nothing you start taking chances. Making money or not , depending on opportunities is more EV+.
@markoliver, it's an offshore account that doesn't have to follow those same rules. There's a few of them out there and I'm sure he has at least two mentioned in his book. Those are also the ones that will give you six time leverage.
It is hard to say unless you have a plan based on news or financials. We never know for sure if a stock will continue higher the next day or pullback for a few days then continue higher!
It seems like you traded your emotions instead of break out patterns for the $1000 challenge. I strongly believe that you can improve by only trading obvious breakouts. I hope to see you do better Ross!
Its CMEG, i used them recently, they have gotten worse since Ross use to use them years ago. They give terrible fills and the fees are terrible. Right now the fees are lower but only until the end of Feb. I took my money out because the fills were so terrible and the leverage rule is terrible a lot of the stocks i trade don't qualify.
![ร้อยพ่อพันแม่ - WanMai [Official MV]](http://i.ytimg.com/vi/XY2pNYASEbg/mqdefault.jpg)
Grab a copy of "How to Day Trade: The Plain Truth" 🍏 www.amazon.com/How-Day-Trade-Plain-Truth/dp/B0CM825Z81
🤩 Happy Bday!
@defiantgti Sitting tight! :p
do you setup stoplose when you get in position? i wanna know is it possible for stoplose to fail if u place it at the very start
@@robr4501 He does not use stop losses because they do fail when you place them at the start, sometimes. The reason they will fail is just how quickly high volume stocks can move.
Shouldn't it be illegal for the market makers to take back their orders? I heard that you can get kicked off an exchange for doing that as a retail trader. I'm a noob, so any accurate info is appreciated.
Today was my first day of live trading, after spending over a month in the simulator. Stuck to my rules, 2 small trades ended up green on the day. It's a start 🤷♂
go get it! sowly....
which simulator do u use? is it real time trading?
CONGRATS!!! A huge milestone reached!!! Your on your way!!! WTG!!!!😃👍
Hi, nice. Can You share the broker u use and are u useing margin? Bec. some brokers are limiting volatility stock trading with their margin requirements and im really might look to change broker. Thanks
Keep respecting your rules. It's exactly what you need to do in an ugly market like the one we have these days. Congrats! 😊
Went from red to green this week. Added 4% with my wins after covering my losses.
Started experimenting with a small acount in December. Went from $500 to $360 in December. January went from that $360 to $598 taking careful calculated trades, and the last 2 days added another $24. All in a cash account that has to settle between trades.
Being careful and patient works.
One of the best series related to trading I've ever seen. Very practical about what trading is and what skills is required to perform in this industry.
Ross, I don't day trade but I still enjoy your content very much. Because of my work schedule I swing trade. You are very personable, and I believe knowledge is power. I enjoy learning from you.
Now that you can swing tade, daytrading will be much easier. You would like his class.
Firstly as always your awesome in not only teaching the technical side but also the emotional/mental side. Secondly the passion you have for this screams through the screen !
TYSM!!!
You're a legend. Thank you for your transparency. I was going to ask for this exact video in the comment section- you're ten steps ahead.
Stick to the rules in place. I, 3 red trade I'm out. 3 red day I'm done for the week. Max loss, well you have to put yours on paper and stick with it. But you Ross, you are my mentore and it is sometimes difficult when feelings getting in the way. You teached us, cut your loses quick! When I analize my statisticks that was, is my problem. January well was red but it's coming arround, why... CUT YOUR LOSES QUICKLY! Like you always say its a marathon and not a sprint! Oh and btw, every day when I sit down and start my computer i tell my self, I don't have to trade!!! But I'm sur you're going to show us, Rossinator 😉
Breaking out of PDT with a small account is crazy hard. That's not a bad thing that's realities even for a seasoned trader.
The way I fixed my bad fill orders on Robinhood was by using limit buy and limit sell orders. Lately I have been implementing stop losses after 5 minutes halts which saved me big time. Thanks for all the advice Ross. I’m really loving the mid day recaps. It’s nice to get confirmation that I’m following the same path as you just on a much smaller scale. Can’t wait to hit that 25k and switching back to a margin account.
this just explained so many of my frustrations with trading. for me, pre market with no stop is better than being played on so many breakouts that turn red instead of another expected 5 minute green candle. and hoe i am always filled at the high end and pennys are lost in that execution. This is a great video
Really interesting to see the psychological pressure effects even the best like yourself! Thanks for sharing the raw truth
i started a week ago doing paper trading and lost about 1500 from the demo account because i didnt know the difference between buy-limit-sell buttons lol but slowly recovered that 1500 and now up by 50. plan is to stay green for about 6-8 weeks as you said before i start with real money. thanks for amazing videos
I don't know if I have ever "stayed green" for weeks in a sim... perhaps that's why I still use the sim... hrmmm
Good episode. Glad you did not set a stop and walk away on DWAC , Very scary to have 6 times margin access! For you Ross this type of loss would not matter, easy to reset. Others would be devastated. I enjoy watching your channel , Keep up the great work on teaching.
thank you for showing us the real mistakes of not following your trading rules, this is super helpful maybe even more so than winners!
Nice job Ross. Just something I noticed, your red days are like mine where I'm basically getting in at the top thinking it's going to run up further. I really started analyzing the stock a lot more looking for patterns to avoid getting in at the top. If I'm not feeling it I'll wait for the afternoon run and get in on the dip once I notice some momentum. I got in on MARK with misconstrued news and it literally tanked once the actual news broke. All things said this isn't easy and discipline and strategy go hand in hand, and our strategies could be very different. But, at the end of the day, we all learn something from our mistakes and that's what makes it interesting. If every day was green and was a cake walk, I would honestly get bored of it.
jajaja omg ross that was hilarious "hold the stock till it hits profit target or pass away" you couldn't have put it better I know exactly how you feel lol
This man has taught me everything I know. And I don't even trade his strategy. But his mindset and how he thinks when it comes to risk management. If you haven't seen the recap where he lost $200k plus in a day go watch it. Then watch him recover the losses. Huge determination on success in this is resilience.
Hi, do you mind sharing the link? I tried but could not find it. Thank you very much.
Hi Ross, I'll be using CMEG in the next couple of months. Please let us know when CMEG replies regarding the 'chunking'. Mahalo!
Just ordered your book. I find when it feels like its a stuggle, it is, and that's when you grab the car keys and go for a drive and get away from it because I find you'll just dig a bigger hole.
Hey Ross. Thank you for what do for us! You’re a great teacher! I’m ready to paper trade and will sign up for yours. Your teachings and info is priceless. Thanks again
Ross, can you please discuss fees with every trade. This is a huge issue in the space for small accounts.
Ross, cant wait for the Level 2 video!! Thanks for cranking the content out, I look forward to it regularly!
Ross, this is good stuff. If you're going to change something, change the expectation of your weekly video. You don't have to show us trades. If you have days that you don't want to trade the small account, just pick a stock that hit your scanner and you passed on it, then explain WHY you passed on it. I know a lot of times is because you can't size in efficiently with your broker's rules, so it is what it is. But if you can point out some other cues that might be helpful to us newbs, too.
I’ve learned everything thru you mentor Ross, I started small account challenge of a thousand on the 15th of January on simulator and I’m up at 2597 paper money as of yesterday Now I’m founding a real account with 1000 for February 🙏🏽 thanks to you I’ve learned a skill.
The only critique or discipline I have is, $100 is my stop loss. Once I lose a hundo I’m out bro 😎
don't use leverage if you're using Capital Markets Eliet Group.
Good luck bro. Lowkey 10% RM a trade is a lot tho
If you’re day trading, break that 10% into 2 or 3 losing trades a day. 3-5% a trade
@@ItsDaqoHD I don’t lose 100 a pop, it might take 2 thru 5 trades depending on the day. I’m quick on the trigger if I think the trade is not going the way I planned
Hey Ross, not sure when you started using music in your videos, but it's a bit distracting.
New here and looking to start trading but learning first, this was extremely educational so thank you very much.
Suggestion: do this challenge without using leverage like most beginner traders with small accounts.
No use margin like a normal person.
Thumbs up everyone, we need the level 2 training video! 🔥
search youtube... Ive seen it a few times
Awesome teachings about the makers edge!! I'm wondering why you didn't wait for a pull back on ULY? The 5 min was a huge candle and I'm surprised you took a trade on 40$ stock at noon when your window is closer to 8 to 10am.
Wow Ross, you are human and that means i stand a chance!
maybe... but really more of a God
Just ordered your book! I have been meaning to do it. Thank u for the reminder
Ross,You are amazing ,,Thank you so much for this new info !!! God bless you !!
Excellent video‼️Can’t wait to u get another 10000 subscribers so that u can pull out the deep dive on level 2 video. Thanks you Day TradeProfessor‼️
This series helps me alot I’m going up save these videos everything your going through I go through with my account good to know I’m not the only one
Always amazing Ross, very much appreciated!!!
Great video, Ross. Was hoping you'd do a vid like this!
This is very good episode Ross, just keep going.
thank you for puting your "shoes" on the average human ❤
You are the man !
Ross, when you are trading premarket do you use stop limit orders for enter a buy trade ? Or just limit ?
new rule for round 2, No trades on stocks over 15$ no matter what
bad rule, study large caps when you have some time
Hi Ross, which broker/platform do you use for this small account challenge, please?
Lesson 1 that I learned from you. If nothing moves in good way. Then no trades for me. 2 always most of the times, impulsive trades has very negative return. It's like risking so high just to make almost very small profit,
I have your book on my trade station, beside "Trading in the Zone."
I absolutely love the transparency. Its my exact same feelings as ive begun trading. Biggest lesson you have taught me is the steel of discipline!!!!!!!!!!!! !!! Only advice I can give you is take your own advice. Dont hold and hope lol. Thank you Ross. Love your humbleness !
Thanks!
Love how you explain what we're up against. It gives a much better edge. I heard a ytuber once mention that the brokers can be quite dodgy and deliberately slow order your orders. I think he did also question it with them and got results.
How do you find your stocks, and where do you look at the news for the market is there a website?
Ross, one quick question. What is the name of the soundtrack you are playing in the beginning of the video ? Its been bothering me the whole video LOL.
Honestly I love your sound track. Do you have a Spotify?
it used to be a better, classier soundtrack
Really enjoying this series.
I noticed you were trying to buy a breakout on DWAC around mid day when there is typically not a lot of volume.
Ross completely stick to the hot market all the way remember the cold market don’t work, best wishes for the next challenge
Thanks you for everything 🌸🌸
Ross - why you are not using a tight stop loss, especially with a stock for 40$ in the open market trading ? Please start to implement and demonstrate it in the next challenge:)
lol
Love this series!
Try trading within the PDT on the small account? I will be and so will most small account traders, might be nice to see the strategy differences with less trades.
Try and keep to 1 trade a day for the small account, and stick heavily to your requirements for a potential stock.
So if it drops so far why not wait for it to go up again instead of selling?
So what I’m hearing is using a stop is kinda bad.
Ross, how do you take a dip trade? How do you get the confidence that it will come back and not go for a flush. Am facing this issue.
Watch the very first video of this series. He explains this very entry point you mention.
Problem is that most of these volatile stocks are Margin Restricted Stocks, like margin required 100% and 150% , and it changes together with volatility.
Ok, im adding and asking help, if anyone's got same situation. Broker says: * margin req.% is theirs to make* Fed says it's theirs. Is there comparison for different brokers margin requirements? If i remember correctly then about year ago tradezero didn't but these big margin requirements on these volatile stocks. Does anyone uses here CMEG versus TRADEZERO to really get useful information about it?😊
Thanks buddy I sold some stock. I've been holding on to for over a year. So I could trade more shares. Stupid, right because I'm frustrated. Just like you said cold market.
Finished the book last week! 🔥
so jealous
You are AMAZING 🙏 and hoping to be able to afford joining your team one day soon 🙏 until then I have a question about Float, do I go by Free Float # or Free Float Mkt Cap # ? Thank you again for all the Wonderful videos,you are a true Inspiration 🙏❤️
Oh and actually volume? What's a good range for the volume to be at when taking the trade ? 🙏 Thank you in advance for your help
How are the fees calculated per trade? Is it just a fixed percentage or what? Also, what market data do pay for monthly on the international broker?
Just asking because I’m considering opening an account through the international broker but I want to know the fees to expect per trade and how much I’ll be paying per month for market data like the level 2 and stuff.
Sir , how to know that the news is goes to bullish or bearish ??
What are your thoughts on the intelligent investor?
thank you teacher
hey im sorry ross i had to look deeper into the course! i thought because it didnt go over secondary offering and halt risk early enough in the course for like for example during the fundamental analysis section, i thought i wasnt getting the information that i needed.
I am confused.. as a new trader this video makes it seem like your challenge should be with 5-10k as opposed to 1k. It also is a good PSA if a pro like yourself can’t make it happen then I probably couldn’t either (I am a newb on paper acct)
What is the programme he’s using to track charts, volumes and movement? (0:45)
Day Trade Dash is his suite of scanners and charts. Charts are powered by TradingView and the scanners he had a developer build.
I believe it is his own software that you have to subscribe to his service to use. And thinkorswim
You've made over 50% profits on 14 days witch is pretty good actually so I don't think you have to change anything on your strategy.
market sure heated up past week or two, i got burned bad on a short very tough lesson
What about the $225 fee for the software?!?
Ross, have you done Live streams or do you just pre record now?
Yeah he live streams every morning on his site
my advise , don't trade pre-market
Why is it that some small cap traders find it difficult to trade large cap stocks? Other than volatility is less, is it not safer to trade so one can trade higher amounts of $$$ to achieve the same daily goal in $$$ ? Heard this from several traders who trade only small cap stocks.
Please warrior trading is it possible to improve the chart showing because i never know what you are doing or showing on the charts ...
I'm gonna ask a stupid question. What is the difference between a cap and a float?
I think you should base your success on set % profits on your small account instead of just trying to earn the most as possible. It puts less pressure on you trying to grow account and it's a better way for new traders to set up a system to be more disciplined
That doesn't work. Say you want 2% a day. If it gets to last hour and you've made nothing you start taking chances. Making money or not , depending on opportunities is more EV+.
does 250 for monthly subscription for CMEG sound right? thats what im getting
What is your opinion about Exness?
Thanks!!!!
LOL you totally used a casino sound in the beginning
DWAC and PHUN have to have the same hf algo bc they move almost identically. I find it very odd.
Am I wrong or all your loses in this small account are with stocks with higher than 10M float ?
Overtrading is always a bad idea
Hey Ross, what platform are you using that allows day trading below the $25k minimum? Thanks.
@markoliver, it's an offshore account that doesn't have to follow those same rules. There's a few of them out there and I'm sure he has at least two mentioned in his book. Those are also the ones that will give you six time leverage.
@@s.strouper2172 Thank you. I figured it was something like that.
Where is episode 6,7 and 8?
nothing different 50% on your money in that time frame will make you very rich no matter what long term.
When you say up 10% and leading gaper/gainer , did you mean leading gainer or leading gaper
What would happen if you just hold a stock till the next day? Is it too sus because it may never get back up to that price?
It is hard to say unless you have a plan based on news or financials. We never know for sure if a stock will continue higher the next day or pullback for a few days then continue higher!
Did you angry and hit to your monitor ? it was ASUS behind you :D
Thank you! 😍
bro got a broken tv we all know you make millions of dollars not even from new videos but videos you have done years ago
criteria is gap or stock up ?
both will do, up 10% is good enough
All in all well played sir
Appreciate the thoughts!
Yeah... just sign me up to be an institutional trader.
It seems like you traded your emotions instead of break out patterns for the $1000 challenge. I strongly believe that you can improve by only trading obvious breakouts. I hope to see you do better Ross!
what broker do you trade off shore?
CMEG, but it sure isn't easy.
Its CMEG, i used them recently, they have gotten worse since Ross use to use them years ago. They give terrible fills and the fees are terrible. Right now the fees are lower but only until the end of Feb. I took my money out because the fills were so terrible and the leverage rule is terrible a lot of the stocks i trade don't qualify.