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💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
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🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (https://www.warriortrading.com/disclaimer), you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com/free-day-trading-class/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
Please keep posting your losses, as I learn so much more from them, than I do from your wins.
Hey man, it's okay, take a breather. Rethink the strategy and come back fresh. Focus on small gains, not for the profits but to re-build your confidence. You'll come back from the losses with discipline. Good luck brother.
damn. you're on point. it will come back.
Trade india shares. Ur in Europe bro, this is your chance to trade the foreign market
Ross, if you were a stock I'd be buying for a long term investment! $ROSS+++
Ross, you're in Italy. Fuck the market for a week or so and enjoy yourself!!!!
I respect your transparency.
thanks for sharing your truth, thing are going better, thanks for helping us to go better thought your experience. I'm from Italy, where are you now? bye
You can tell in his voice the last two weeks have really beaten him up, keep your head up Ross everything bounces back!
Your style is high risk high reward. Good job taking your losses. Part of your style.
Hey Ross,
I left you some suggestions in a comment during your last big losing streak, the $50k drawdown. You implemented some of those suggestions, and whether or not you took them from me or came up with them independently, they worked for you. I offer you some perspective again, so that you may benefit from it and bounce back as you did before. As I said to you before, remember that the good you do for others will always be returned to you. If what I say works for you, Pay it forward. Help those around you, without expectation of return. Not every trade has to be for money.
My suggestions to you, limited to 3 points so you have time to quickly digest it before today, and hopefully catch a green day.
Point 1: Avoid entering AFTER a stock has been halted.
Data to support point:
You are trading halts, entering halts, like most of them are going to be RBZ. You mentioned RBZ. I too remember quite vividly the day RBZ halted multiple times on the way up. It was April 12, 2019, and it was actually a grand total of 9 halts – yes, NINE – in a row. That day RBZ opened at $7.39, got halted at $8.74, and the 9 halts up moved the share price to a peak of $27.00. Huge move, no doubt. But it is not a common move for a halted stock to make – at least not in this market environment. In THIS environment, the one we find ourselves in today, the tendency is for a stock to gain quickly; get halted; and then drop back down as soon as the halt is lifted, usually leading to a halt in the downward direction. Look at XYN on 6/11/19, or VISL on 6/17/19. They drop down after 1 or 2 halts up. It's not worth the risk. Remember too market conditions. Prior to it's 9 halt day, RBZ had recent big moves on 3/27/19 and 2/14/19. Thus, it had HUGE amounts of positive sentiment and few bag holders. But this is the exception, not the rule. Most halts upward don't have this kind of positive sentiment, at least in this market.
You do a great job of entering early in the move, BEFORE the halt begins. Your filters and early entry execution are on point. You just have to work on liquidating your position COMPLETELY as soon as the halt is lifted, so as to maximize gains. Then, be sure not to enter AFTER the first 1 or 2 halts up. I would say those "after halt" entries are what cost you, not your share size. Entering AFTER an upward halt is a 50/50 coin toss, and with those kinds of odds…I wouldn't take a trade. Not just with size, but any size, period. Don't risk it, just stay away from them. Stick to your early entries off your scanners, and you'll be ok.
Point 2: Your losses show weaknesses in your execution, in your strategy, or both. Humble yourself to that fact, so that you can be more profitable.
Argument to support point:
It's easy to become discouraged after a big loss, and to think that your strategy doesn't work. Doubt creeps in. It's also easy for others to point out flaws in your strategy, which then makes you (or anyone) a bit defensive, naturally. The fact of the matter is, you turned a $583 account into over $1,000,000. No one can dispute that. However, each loss teaches us something about ourselves or our system. If you immediately run to your past victories, as you have time and time again when experiencing a string of losses, whether out of defensiveness or as a source of comfort, you are not allowing yourself to fully experience the lessons of the loss. It is only through sitting through that pain, and sifting through the wreckage, do we improve our trading systems. It is difficult to sit through the discomfort, and even pain, of a big loss, no doubt. But only in doing so do you truly learn the lessons of those losses to the core of your psyche. I'm not sure if you do so to protect yourself, or protect your teaching business, but your tendency after a big loss is to pull up your P&L and defend your strategy. A working strategy doesn't need defending. Again, you increased your account size by over 1700x in about 2 yrs. Don't let self-doubt or the naysayers tell you otherwise. BUT, don't run to that fact after every big loss. Every strategy has a flaw. Each big loss is showing you that. I bet if you were to analyze all your big losses, you would find patterns – either weaknesses in your execution, your strategy, or both. I encourage you to be humble enough to admit that your strategy may need some fine tuning. Even champion athletes continue to train and refine, despite winning trophies and title belts. Do the same. Perhaps this humility and self-reflection is what you need to turn 1M into 10M, and perhaps it is what will allow you to reduce those $200,000 in losses last year into $150,000 or $100,000. You may be repeating the same mistakes without realizing it, but you won't realize it until you take time to humble yourself and reflect. The "recent stock" you took a very similar loss to this on was PRVB on June 10, 2019. The fact that you couldn't remember the ticker on a $10,000 loss says that you didn't ingrain the lesson well enough. If you go back to your red day recap on it, and then compare that to THIS red day recap…..I bet you'll find a lot of things to be quite similar.
Moreover, you mentioned repeatedly that we're not in a hot market. While that is true to some extent, I would argue that these kinds of statements about the market are akin to the ones about your past P&L. They make us feel good, because they reassign responsibility. It's like saying "it's not our fault; it's just the environment we're in." By continually attributing your losses to the perceived weakness of the market, you are reassigning responsibility for your losses rather than leaving them squarely on your shoulders. Like the run to your past P&L, this tendency does not allow you refine and strengthen your strategy. You can't fix a problem if you won't admit it. Try to humble yourself and admit your winning strategy may have some flaws and need fine tuning.
Point 3: There is market momentum, you just need to work on your entries and stock selection.
There is market momentum. Maybe not like RBZ in April, maybe not like BPTH in March, but there are some waves moving. Look at VVPR on 6/24/19, OXBR on 6/25/19, or XSPA on 6/26/19. All were this week during your string of losses. There ARE pockets of momentum. Rather than dismiss your losses to the perceived lack of momentum, work on 2 things: stock selection, and entry timing. Stock selection is just as much a part of a winning strategy in any system. Look to enter slow and steady gainers EARLY as they break one price level and move in anticipation of a half or whole dollar price point. Then sell as soon as they reach that anticipation point. If you choose to reenter, do so with very small share size, because the risk of the stock fading – like CPAH or GROW on 6/26/19 – is high.
And, work on your entry timing. You do a great job of spotting them early in the move off your scanners. I actually admire you in that regard. You just need to work on 2 things: 1. not hesitating (which you normally don't, but with these losses, not you're gunshy, as evidenced by your recent loss on CPAH) 2. not entering big AFTER the big move to the half or whole dollar. I personally wouldn't reenter at all, but I know that'll not your strategy, and I understand that. So I would say for you, sure, reenter- but do so with very, very small share size.
So, for example, your first entry can be your usual 6,000-9,000 shares, maybe less given these losses, but your 2nd re-entry AFTER gaining profits should only be about 1,000-2,000 shares. no more than that. Do that until we get those big moves like BPTH or RBZ or AKTX again.
Hope this helps. Thanks for making these videos.
Thank you we all learn from your trading !!!!!!!!!!!!!!!!!!!!
Very important part of trading your loss your gain. thank you for educating all of us. This is the business of trading.
You'll bounce back for sure Ross! CPAH and XSPA were pretty good today, but shorts seem to be all over the morning gappers lately. I didn't actually notice XBIO pop up, but for sure the HOD momentum stocks are working out better, and 5 min flags seem much more effective in this chop, but still getting in and out and not hanging around seems to be the key, for me anyways…
Appreciate you are being so transparent, and not just show your winnings, really like your videos to show the reality of day trading.
C'mon Ross, so unlike you. I smell a green day for you tomorrow. Why? Base hit will be the word(s) of the day. Maybe a double.
I was down today as well. Your still everyones Big Daddy!!
Ross, tomorrow is a new day, CARPE DIEM , you got this,. Your candor is admirable.
Greeting warriors. Was anyone here affected by today's lightspeed system issue with one of their order routes, 10:05AM on?
MISTAKE YOU ARE MAKING WHEN THE CANDLE IS AWAY FROM THE 9 EMA DON"T BUY WAIT FOR A PULL BACK AND IS CLOSE TO THE 9 EMA BUT THERE IS ALWAYS A RISK .GOOK LUCK TO YOU ROSS
I admire you for finding the strength to recap this day for us all. I mean clearly it’s not easy especially after the long streak and the vacation.
Just don’t think about the Italy challenge man the reason you when big was because you wanted to make it happen.
Ross….You need to enjoy your vacation Man! Here's the bottom bottom bottom line…. Your still on track to make 450K this year. I just yesterday watched a recap you did from 2 years ago. That year you only made 240K from what I could gather. 450K. Enjoy the fruits of your skill and trade another day
I closed a trade yesterday in the green. Would have had 2x profits if I held till today (was a swing I held for a week and a half). I spent the whole day today reminding myself of the times I held and things didn't go well to keep myself from revenge trading.
You don't need to change anything Ross, it simply comes down to luck sometimes…orders not getting filled, listening or not listening to the voice in your head (lol), market conditions, etc.
If I repeat yesterdays trade 10x idk if I would have closed it or carried it overnight more times than not. The gray area is the challenge of trading.
I'd say you're doing ok 🙂
I got in XSPA for the break of 4.24, it failed and dropped to 3.85 and I was down 30 bucks instantly. It failed 3 times to break 4.24 and then eventually pushed but I had walked away
Sorry for your loss. Seriously though man. You are on vacation …go enjoy it ! Please. You will come back refreshed after you walk away from trading for a few days.
Love how people want to tell Ross what he should do. Losses are part of the game, he’s been here before and he will dig himself out. Markets works in waves.
Having such a high level of self-awareness is half the battle. You will conquer this.
You are the best my friend I learn so much for you!!!
Ross I guess you just forgot what your daily goal is. It is 2000 dollars. Stop breaking your own rules man. We all follow your steps and it is disappointing to see your guru struggle. Good luck tomorrow. I am from Europe and I know that you can enjoy Italy making 2000 a day!!