๐Ÿšจ Attention all aspiring day traders! ๐Ÿ’ธ Learn from my costly mistakes! ๐Ÿ’ฐ Set up a max loss & max share size with your broker to protect your hard-earned money and keep emotions in check. ๐Ÿ“ž๐Ÿ“‰ Don't let impulsive trading decisions break the bank! #DayTradingTips #FinancialWisdom" #FinancialTips #TradeWisely #TradeSmart #RuleBreakerTips #FinancialSuccess #TradingTips #TradingMindset #TradingGoals #StockMarketStrategies #MaxShareSize #EmotionalControl #MoneySavingAdvice #FinancialFreedom
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.
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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/
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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

Take it from me, a habitual rule breaker will save you thousands of dollars if you can learn this early on. The next piece of advice that I wish I knew when I was getting started: I call your broker a Max loss on your account. So if you're down more than a certain amount on any given day, you're done and you can't keep trading. and also to set a Max share size on your account so you predetermine what that is and you can't take more than that number of shares.

That just helps prevent a day where emotions may get the better of you.

3 thoughts on “Importance of setting max loss limits when day trading #daytrading #stockmarket”
  1. Avataaar/Circle Created with python_avatars @stelliumX4 says:

    I trying to create an excel to calculate this.. thanks Ross

  2. Avataaar/Circle Created with python_avatars @elijahh1482 says:

    Ross use .5x on camera when recording the bag/ view it makes it much more aesthetic๐Ÿ˜…

  3. Avataaar/Circle Created with python_avatars @perthus7008 says:

    Youโ€™ll lose thousands in commission still Haahhaha

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