Cutting Losers & Focusing on Winners 🍏 LIVE 10am ET
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- เผยแพร่เมื่อ 11 มิ.ย. 2024
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Warrior Trading // Ross Cameron // Day Trade Warrior - บันเทิง
“ Be ruthless about cutting losers because they don’t deserve your attention”. That hit home
you are the best teacher for trading that i have seen so far Thank you for your great value Ross
Man, the fact that you are sharing this for free, really tells me something about you. This is gold. Everyone should take it and apply. I'm calling reds "payments for the game" or "paid lessons" ;) Greetings from Poland.
Appreciate it! Happy to help 🙂
You really are helpful. Needed this! Thanks 😊
thanks to all info....boss ross......god bless!!!
Always great advice, Ross 👍 I've taken your classes and been following for a couple years and you never seem to disappoint. Always on topic and very thorough. Thank you
Thank you and you're welcome Jeremy!
Thank you for this. Such great content!
You're welcome J!
Hey, Ross! Please do an in-depth level 2 and tape reading class. Thank you!
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This Video will never get Old, some videos you just want to watch every few months thanks Ross! ❤
Ross Thank you for this video. You gained a lot more respect from me from this video. You just spilled exactly what my brain goes thru when I trade. Feels enlightening and so good to know that I am not insane, incorrigible mad man dealing with my demons when I trade. Thanks for cutting a way thru for my path thru this video. Thanks so much. I bow to thee!
You're welcome!
Trading psychology is key. Thank you Ross!
Happy to help!
Great video Ross. I've made and continue to make most of the mistakes you pointed out...especially not cutting my losses. I'm getting better and the techniques and materials you have presented have been exceptional learning tools for me.
Thank you!
Ross always great content thanks so much!!!
You're welcome Robert!
As always, appreciate your valuable content. 🐐 🐐
Thank you!
YOU ARE AMAZING!!! by far the best You Tuber in the world!!!!!! Love your classes, your live streams.
Glad you like them!
Thanks, Ross! :) Happy Monday!
You bet! Happy Monday
Great video! Thanks!
You bet!
This is one of your best videos with insight. I like and appreciate how you actually think about your " own trades" and how you explain them in detail and what emotional approach you take whether it's a winning or losing trade. Nice job 👍
Thanks! Glad you enjoyed it. 🙂
thank you teacher so much you r the best
Thank you! 😃
Right on time Ross, I cut a loser that was getting out of control, ouch that one hurt. Thanks your a great teacher.
Hope this helps!
Hey Ross, I just finished the last 2 chapters in your pro course. i came to chapter 14 and was like pfsst, this mindful ish isnt for me. BOY was i wrong, i cant tell you enough how much i needed it ...!
excited to start the course all over again and really sock it up ...!
Awesome, appreciate you sharing! 🙂 Keep up the good work!
thank you
You're welcome Pradip!
Excellent teachings! Thank you so much for doing these videos. They are accommodating. Send you blessings. My biggest challenge with these strategies has been how do I find the tickers to use them on. I would love some info on how to find these to trade in the first place. It had been really great following you.
Glad to hear that! Ross uses scanners to find the stocks he trades. You can learn more about those here: www.daytradedash.ai/
Great video, Ross
Thank you Teddy!
Good job thanks
You're welcome!
I suspected you might be the right mentor for me when I heard CCR in the background of one of your live trades. My suspicion was just confirmed when I saw the Always Sunny pic in this video. Thanks for all the knowledge so far Ross. Your dedication to helping aspiring traders is incredibly admirable.
As always, can't thank you enough!
You're welcome Sagar!
Thank you master
Any time!
Great video 👍🏼
Thank you!
This is something I’ve been struggling with
A lot of traders do.
be ruthless about cutting losers,they don't deserve your attention. words to live by! thanks ross
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Finally-- a stock trade channel that makes sense to me.
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For those struggling to let go of losers, I will give you a scenario that I try to remind myself of. Let's say you get in at $6. It drops to $5. You say "okay, if I wait until it hits $6 again, I break even". Then it goes down to $4. Now you say "now I need it to go up $2 to break even". It rallies and comes back up to $5. Now you say "going in the right direction. Just a little bit more". But, it doesn't get to $6 again. If you had sold at $5 for a $1 loss, then bought again at $4 and then sold again at $5, you have now broken even without holding that loser and hoping.
TLDR: Bail out with your loss, possibly get back in at a lower price and break even that way, or actually profit.
Break even, or profit doesn't require holding something through the drop until it rises again
Oh, you kinda mention this at 22:25
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Great videos! I am fine getting in at the right time from your strategy, but I do not know when a DIP is a simple dip to buy at (like you do) or a reversal! I see my profit dropping and almost always bail out with a small lose. Of course, it then breaks and i rebuy higher and then it happens again. GROUND HOG DAY!!! What are the indicators that say to buy the dip vs jetting? I get the volume, Doji's, L2, etc, but what signals to YOU that is a flush or a buying opportunity when dipping? I have watched you down a lot, then you buy...but you usually advice against buying to average up. HELP. I am killing it in paper trades but getting killed in cash. Thanks WT!
Should i joing the ask to sell or sell the bid at minus one or minus two?
Totally understand this feeling, holding losers too long. I lost little over $2k on Tesla after holding it for 3 days. Had a couple opportunities to get out with $100-200 loss but held it anyways. Hope mixes with despair and turns into long indecision. Have since overhauled trading strategy with your teachings in mind. 8 green trades in a row now, taking profits earlier with much stricter, more selective focus on when to enter. Thank you for doing these videos. Your expertise are amazing. 😁
It's not easy that's for sure, happy to help!
Everything you just posted in this comment was me just this past Monday. Eight straight green days and then, Bam! a $1,200. loss. Smh... At least I know it happens to others. Thank you for posting this and being so honest...
@@ulyssesgonzalez5655 No problem, you're welcome. Seeing we share the same struggles as traders is really reassuring. Losers are part of the game but only time we truly lose in when we give up and quit. 😁 Happy to say that it's 9 green trades in a row now, +$125.29 on HYPR from yesterday. Really scary trade though. Bad entry, bought too high, didn't pay attention to the MacD. Was negative $600+ for a bit. Held since it was still early, before 10:30 and it bounced to new HOD. Tesla loss gone now. Cheers to many more green trades for us both.
Would LOVE for you to cover the topic of finding best entry points (LONG) while scalping high momentum stocks. I’ve been primarily focusing on breakout & retest but as a beginner I know there is a lot more to learn! Thank you!
I think he did a bunch of classes on that already and posted them here.
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@@DaytradeWarrior really appreciate all the work you put into educating. I’ve come a long way since I started two months ago. Thank you, thank you, thank you ❤️
Love how Ross says “You need to set your exit criteria..:BEFORE YOU ENTER THE TRADE!” Lol
I love your training and strategy I just started tradeing last week after paper tradeing for a year or so. My things is like not haveing the capital to trade with so I started with 2400 and last week iam up 10% already. But it sucks waiting for my funds to settle in my cash account. Because I have to use all my capital on a trade to get that 100$ or 200$. But what I have found helpful is setting a .10 or .15 cent take profit of my own makeing during premarket and hiting that and selling. Then at market open iam already set to sell at .10 so it has gave me a win every move so far.
When paper trading on TOS in the past 2 weeks, did you have serious lag for placing orders, even market orders(your order gets dragged up and down for up to 15 seconds), or when pressing Flatten button, etc.?! (I'm having this issue, but TDA/TOS technical supports are not helpful at all)
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Hey ross! Quick question, what US brokers are good to trade penny stocks on? Any information on your website about good US brokers?
For accounts over $25,000, you can look into Lightspeed (available to US and most international residents except Canada and Australia).
Lightspeed review: www.warriortrading.com/lightspeed-trading-review/
Lightspeed website: www.lightspeed.com/
For margin accounts under $25,000 (as little as $500), you can take a look at CME Group (available to US and most international residents except Canada).
CME Group review: www.warriortrading.com/capital-markets-elite-group-review/
CME Group website: cmelitegroup.com
Most international traders can look into TradeZero (available for accounts as low as $500, or $1,000 for our Warrior Pro rebate program. Not available for Canada):
TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/
TradeZero website: tradezero.co/
You can use this link to help you decide which broker might be good for you: www.warriortrading.com/how-to-choose-the-best-online-broker/ and www.warriortrading.com/stock-broker-essential-guide/ For more information on options available for day trading with less than $25k, check out this article here: www.warriortrading.com/how-to-day-trade-without-25k/
Another great video ross, I would love to come over to warrior trading and try buying and selling shares on your demo board. Is it possible you can send me a link for this as I probably won’t be able to find it otherwise, thank you. Looking forward to watching another one of your videos tomorrow night as I know that it will only benefit me, just like all the other tutorials have. In fact ross I am going to make it habit, to watch one of your tutorials every night and rewind it back time and time again if I have to just to make sure I understand everything your saying and not missing out on any important information. So thank you once again and I look forward to more of your great teaching
Regards
Bill
How do you avoid wash sales when taking losses and wins on the same trade?
Everyone here should keep buying Nokia coz it doesn't go up or down - very safe and no more worries
Can you give a class on physiology and risk management
www.warriortrading.com/courses/trading-psychology/?s=Trading+psychology
Ross. I am a member. Can you make a video in regards to the current market sentiment v 2020/2021. I definitely see that the stocks do not move quite as much these days. I am new to trading so the only thing i know about the older years is what I've learned through he warrior Pro program.
Yeah, that's a great idea! Thanks Michael!
Can we just start a petition to get Ross the medal of freedom?
I think Biden would go for it
👍😂
Does Warrior Trading offer an affiliate program? If so where I can I find out what the requirements are and if not are you planning on offering one?
We do not currently. You can email our team at team@warriortrading.com if you have any questions.
I would like to see a video that shows how you get in and out of your trades. Are your hot keys setup to say the bid -.05? I have trouble getting in and out quickly. Do you ever use market orders or only limit orders?
Ross goes over that in detail in the Warrior Pro courses! Email our team at team@warriortrading.com to learn more!
Ross, as i type this I am holding two losers, one from Friday ( HILS) and one from January (NRSN). And you are so right, before I even start research, I check these two, what a waste of time! I did not trade today due to being sick in bed, but when I do, those two are gone! Why did I keep NRSN? Because I had 17 straight winners and didn’t want to break the streak. That is stupid arrogance! Im a long time real estate investor and while rents are fun to collect, repairs and vacancies are big hits to my profits. BUT, that is part of the game! I need to treat day trading losses the same way. Thank you for the reminder!
Sorry to hear that. Hope these videos help!
@@DaytradeWarrior I sold them today, just took the loss and am looking forward!
@@mikemckinzie1831 sometimes our wishful thinking is our worst enemy
Even though this was recorded months ago, the content is very timely for me. I had my largest loss today, when doing a momentum trade. I was hesitant to enter until a clear trend was visible. By the time I jumped in, it was (unknown to me) near it's peak. I hung onto the stock too long, and experienced about a 230 dollar loss.
I'm glad you found this helpful, I've been there!
Nice to hear June again. haha, wish I had a dog again for emotional support. 🙂
She's the best for that!
this seems to apply yo losses in general
That's right!
It's not that I am ever afraid to cut losses, but when the government enforces the PDT rule, it hurts the day trader. You psychologically feel you must make EVERY trade count. You can't just get in and get out on a whim because you have only three bullets every five days. You hold because you aim for that possible profit that may never come which establishes horrible habits.
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Staying in a loosing trade because of pdf rule is a bad idea.
@@nicknicholas3186 I never disputed that.
Cash account
@@leecampbell5736 Way ahead of you
I did it many times by hoping they made U turn.
lol I agree cut those losses, what really makes me sick is after I cut it , up it goes
I’ve really struggled the last 3 days. I keep getting caught in (what I see as) false breakouts. And I have a feeling it’s because I’m focusing on after the bell instead of premarket. Chasing winners after the first move is already over
It's been a choppy few days, stick with it.
Lots of false breakouts lately. It's tough trading these days. The initial moves are pretty small and aren't opening up
Cutting my losses has lost me an obscene amount of money compared to trades where I’ve waited for the stocks to return to their highs.
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I feel fear with a position going against me and sell it. I think many people feel hope when they have a loss and fear when they have a profit. Thats where they go wrong.☺
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I don't know what diversifying is.
Instead of putting all your eggs in one basket, you put them in different baskets. that’s diversifying
My portfolio is down 20k. Anyone down like me? Hoping to recoup little by little.
Sorry to hear that, it's been a tough year for the markets.
most ppl on stocktwits tarde like this, avg down hold longer one day it'll come back. avg in more . losing more. omg it finally spiked i sold too soon. i should hold longer next time. and then always lose in the end. tsk