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30 thoughts on “4th red day -$9k ross trade recap”
  1. Avataaar/Circle Created with python_avatars @TheSandman121212 says:

    Damn that hurts to see. Sorry to hear. No trailing stop though? 20cent trail on a ripper, I would think, would work well. (Im only still learning though)

  2. Avataaar/Circle Created with python_avatars @philipp3351 says:

    Would you say, that in the current overall market these types of trades (long lowfloats) are just more risky than usual?

  3. Avataaar/Circle Created with python_avatars @isaiahrutherford2354 says:

    Don’t be afraid to lean on somebody for help. It’s the smartest thing to do when you’re in this state. Find support from another experienced trader because it’s dangerous to continue trading with such a frustration. Another thing I learned is that the money you lost is still there in the market but it takes patience to stop trading for even a week until price starts going in your favor. Just think of your loses as a discount in price.

  4. Avataaar/Circle Created with python_avatars @BrokeAgain says:

    man I would be happy for thousand dollar green! even $500, but I guess Ross level, its prolly not enough. But It will bounce back up soon! sorry to hear about that trade 3, and the slippage? aren't there limit set up for the bid? well, at least other passive income is still there.

  5. Avataaar/Circle Created with python_avatars @mqchen8189 says:

    Hi Ross, as being a day trader, how do you avoid wash sale loss disallowed during the year? I'm having a difficult time paying tax on the gain(9k) I didn't make from day trading, but my actual net gain was about 2k. This is very discouraging for me. I hope you see this comment.

  6. Avataaar/Circle Created with python_avatars @FastdounutTV says:

    All good man. It happens to everyone. Just keep sticking to your strategy.

  7. Avataaar/Circle Created with python_avatars @Dani-qc3th says:

    It happened to you before and the solution is take 1 week vacation and enjoy your winning and you will come back motivated with good energy vibe😉👍

  8. Avataaar/Circle Created with python_avatars @AFLolowang says:

    I traded scared on MITO, got in before the halt, and took only $130 gain. Should've left it in there till it hits $5, could've made $1400. Trading with small account.

  9. Avataaar/Circle Created with python_avatars @markstraff2990 says:

    You are not adapting to changing markets. You continúe to use the same strategy.

  10. Avataaar/Circle Created with python_avatars @scottyb1637 says:

    I did the same thing over last 3 days. (big loss on Friday, OK win Monday, then another big loss Tuesday)

    Took too big of size and EVERY damn trade instantly went against me Tuesday. (I think there was a LOT of manipulation this last week)

    My punishment for red days SHOULD have been taking small share sizes till I recoup. But my (stupid) mentality was to get my money back quickly so I can get back in on this crazy action.

  11. Avataaar/Circle Created with python_avatars @Articulo-Mortis says:

    Bought MITO at market open @ 2.86/ps then it jumped about an hour later and goddamn servers were down so I couldn't sell @ near market high… -.- but was still able to net a 36.4% growth on my acct., by the time servers came back up. Sadly, and this video truly spoke to me, upon re-establishment I got overly confident and lost out on a potential 47%-ish growth because of reasons you discussed. I will be more mindful and take myself out of my own bubble from now on. Trust my gut a little bit more, instead of my confidence. Thank you for always being real. Good luck tomorrow Brother!

  12. Avataaar/Circle Created with python_avatars @BatmanRZ says:

    take a couple of days off, its not like u poor

  13. Avataaar/Circle Created with python_avatars @kmgirouxflips824 says:

    Frustrating, hard to read market conditions rn. Your obviously a very talented trader, skill, patience, and self discipline will overcome a super funky market overall. Best of Luck, NO red 5th day

  14. Avataaar/Circle Created with python_avatars @efgefg says:

    It's too low volume for mtp

  15. Avataaar/Circle Created with python_avatars @adamhashim5927 says:

    Hey Ross! can u post live trading on fail sutup, your red day, so we can learn from your mistakes?

  16. Avataaar/Circle Created with python_avatars @juniorberns says:

    Legalize Cannabis industry

  17. Avataaar/Circle Created with python_avatars @rogerm7980 says:

    Ross just know your transparency will never go under appreciated. We already know you're the Tom Brady of day trading.

  18. Avataaar/Circle Created with python_avatars @chartmaster5440 says:

    thanks for the video and the truth of your p&l instead of showing lambos and mansions saying trading is nothing. keep the grind going youll turn it around

  19. Avataaar/Circle Created with python_avatars @robelasfaw3262 says:

    When i have 2-3 consecutive red days i take a break from trading for a few days. I evaluate my trades and SPECIALLY my emotions for those red days and see what i did wrong.

  20. Avataaar/Circle Created with python_avatars @jasonquiroz194 says:

    Ross you need better risk management that’s it if ur 70 percent right like u say . Stick with a specific amount of money like to put into every trade like 10k or 20k but always put the same amount into every trade because if you make one trade an win 15 percent with 8k but then go into another with 30k and lose 5percent ur down on the day my mentor uses 10k on everytrade he take no matter what dowsnt matter if he feels confident about a stock he does this everyday and just last year he made 1.5 million

  21. Avataaar/Circle Created with python_avatars @TheSpinsterz says:

    Is anyone else having a hard time signing up for the webinar? I’ve tried twice today, but no emails have come through with a confirmation.

    I’m pretty damn tech savvy too and have searched for an email , but there’s nothing.

    Hey Ross, is the link working?

  22. Avataaar/Circle Created with python_avatars @noeln8027 says:

    I'm holding currently at BIOC and of course thought of slowing down and kept my money there for now , tomorrow hopefully the offering closes and we can see a dollar again. Good luck my friend tomorrow is Verde for us.

  23. Avataaar/Circle Created with python_avatars @user-jt3nf7in5w says:

    I came to your channel today hoping to find a green day recap… that’s okay keep pressing on my man! Keep your same aggression level because you know when it starts to work again you will make it all back multiple times over.

  24. Avataaar/Circle Created with python_avatars @xenopex4437 says:

    There’s always tomorrow. You are an inspiration to me during the highs and lows. You have changed my life. Thank you.

  25. Avataaar/Circle Created with python_avatars @ralf7901 says:

    Always admire ross foe being honest to the audience.

  26. Avataaar/Circle Created with python_avatars @therealist7327 says:

    Sir u may take a pause. And just trade with small account, unless u get 2 positive (consecutive) days with small account don't get back to ur main account. And u r the most transparent trader I've ever come to know. Thanks for being like this.

  27. Avataaar/Circle Created with python_avatars @dataanalystbynight4375 says:

    Made 129 dollars on MIOT today, I should have held longer but I got shook out, considering I started red though I was happy to finish green. I will say from the outside looking in at what has been going on with your trading I feel you are certainly doing what I was doing last year and that is overtrading. I think you should honestly just focus on taking the base hits and stopping when you are up initially. What reasoning is there for continuing if you have several thousand already. I learned my lesson the hard way last year taking a 10K dollar loss because the pattern I thought was there had broken down and in my stubbornness and egoism I failed to realized my logic was flawed. I will say that loses teach you more about yourself than winners do. I am sure you will come back stronger man. All the best to you Ross. Love your videos and your content.

  28. Avataaar/Circle Created with python_avatars @craigk25 says:

    When I have a big red day I force myself to only trade 1000 share size until I surpass the loss. Then return to 5k shares or less depending on momentum. You showed me that years ago with taking small wins after big red days. Base hits. See you in the chat room. Back at it. WT

  29. Avataaar/Circle Created with python_avatars @vander1773 says:

    Take a break for few days, also reduce your order size, and I learned these things from your book.

  30. Avataaar/Circle Created with python_avatars @ganeskmr says:

    Some days Out of gate trade is very difficult so can u wait for 1 min what is coming out of gates i am very stress 3 days down another down i cant imagine if i trade loss money but u great u ready for tomorrow trade i cant any way tomorrow triple u r profit best wish thanks for the recap.

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