In this episode Iโ€™ll share Two Rules for Becoming Disciplined Trader
Want to Learn More โ“โ“ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/๐Ÿ“ˆ
Before we continue...๐Ÿ‘€
๐Ÿ’ฐRemember, day trading is risky and most traders lose money. You should never trade with money you canโ€™t afford to lose. Prove profitability in a simulator before trading with real money.
โ—โ—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.
โŒDo not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com/why-mirror-trading-is-a-bad-idea/.
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โœ”๏ธIf you donโ€™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 letโ€™s dig into some helpful information โ€ฆ
Whatโ€™s my story? โœ๏ธ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here ๐Ÿ“ https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/
Our website is filled with free info ๐Ÿ”Ž 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 ๐Ÿ’ป Register here: https://www.warriortrading.com/free-day-trading-class/
Wondering what I think the All Star Day Traders out there have in common? ๐Ÿ† Read this blog I wrote https://www.warriortrading.com/all-star-traders/
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

When I was getting started, I had a negative profit loss ratio of 2:1 My average losers were twice the size of my average winners and that meant I would have needed to be trading at 66% just to break even. Well, I wasn't trading at 66% because I was still learning the strategy that's too high of a bar. And so what I essentially did was I set myself up for failure without even realizing it. Scalping is difficult, but trading is difficult too.

And there's a lot of things that make a scalping strategy a great strategy for beginners: instant resolution, reduced exposure time, and just simply the fact that it's easier to predict what a stock is going to do over the next 5 minutes than over the next 2 hours or 3 or 4 days. Certainly, So, in order to improve your accuracy, what I always encourage traders to do is focus on the quality of the setup.

7 thoughts on “I set myself up to fail”
  1. Avataaar/Circle Created with python_avatars @tronghungdao251 says:

    โคโคโค๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜ฎ๐Ÿ˜ฎ๐Ÿ˜Š๐Ÿ˜Š๐Ÿ˜Š

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

    ๐Ÿ™

  3. Avataaar/Circle Created with python_avatars @danielbeaird6264 says:

    I bought some stock yesterday pre market it was up around 200%, and as soon as it opened I was down huge so I told myself "no more buying pre market" today I bought a stock that was up 200%, I waited for open and it halted up 20% so I bought as soon as the halt was over, it was another green candle with a 3rd showing and as soon as I clicked buy it halted down and I was down big again ๐Ÿ˜ข

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

    Trading TSLA be like:

    P&L looking good on this move to move 15-30min run. ๐Ÿ’ช๐Ÿผ

    New bond yields just releasedโ€ฆInstant drawdown.๐Ÿ˜ณ

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

    Thank you

  6. Avataaar/Circle Created with python_avatars @noopy24 says:

    ๐Ÿ˜Š

  7. Avataaar/Circle Created with python_avatars @crispy19eighty3 says:

    Im pretty new to trading. Im a big fan of micro strategy, being im still under pdt rule. I've taken my account from -3800 to – 160 as of today. Its taken probably 2 years to do., with gaining %28 in the last 2 1/2 months.Ive been subscribed since around 500k i think. Thanks for your vids, time and wisdom.

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