5 Beginner Mistakes to Avoid

[@gamalabd]

You are absolutely RIGHT, Discipline Discipline Discipline

[@DaytradeWarrior]

Thanks for the comment!

[@thebiglie865]

You spoke to my heart at the end Ross. It’s a universal truth really, discipline is a key that unlocks so many doors

[@DaytradeWarrior]

Thanks for the feedback!

[@ademolaodewole1105]

I think your teaching skills is even greater than your trading skills; and you’re the best day trader I know. Keep winning Ross

[@DaytradeWarrior]

Thanks for those thoughts!

[@barristophilliesiii5863]

The rationality you put forth is refreshing man. It's helping me learn before I dive into things.

[@DaytradeWarrior]

Thank you!

[@bmac4686]

Your videos are great! The passion to teach really comes through, thank you!

[@DaytradeWarrior]

Great to hear that! Thanks for sharing!

[@tesfahiwetmedin1302]

Thanks very much so helpful great advice.

[@trintsutterfirld7071]

OUCH! I think this video was made specifically for me! Glad I can call myself a Warrior Trader, I've been enrolled since september. Thank you for your honesty Ross, I look forward to going places with you sir. Loved the part where you said "HOW BAD DO YOU WANT THIS?" That statement stabbed my heart. I WANT THIS!!!!-Trint Sutterfield

[@DaytradeWarrior]

Awesome, glad this was helpful!

[@alexandra2244]

You are a great teacher Ross!!!

[@DaytradeWarrior]

Appreciate that!

[@rogercervantes_]

GREAT ADVICE AT THE BEGINING MY WARRIOR!

[@DaytradeWarrior]

Thank you Roger!

[@verilucis]

Thanks for sharing! Happy Wednesday!

[@DaytradeWarrior]

Same to you!

[@jonasnilssen210]

Yoo that "How badly do you want this" statement gave me CHILLS. Great video Ross, thank you!

[@DaytradeWarrior]

Glad you enjoyed it!

[@topslack]

Hi Ross, I’ve just found your channel and I greatly appreciate the content. Greetings from the UK.

[@DaytradeWarrior]

Thanks and welcome!

[@callendergirl7504]

Another great video!! You speak on the logic and strategy of doing this thing. As a beginner I am binging on your videos which I'm finding very helpful. I will need to view them a few times to fully understand the candle sticks, but I know I'll get there. Thank you so much!!

[@DaytradeWarrior]

Of course, glad you found it helpful!

[@josephyin9768]

The best stock trading mentor, ever. thanks for the tips shared on youtube

[@DaytradeWarrior]

My pleasure!

[@leeles]

Thanks, Ross, very helpful !

[@villardjosue1597]

This is by far one of the best and honest video I’ve ever watched. Thx Ross

[@DaytradeWarrior]

You bet!

[@Rightgroup1]

Thanks Ross Keep up the Great Work

[@DaytradeWarrior]

Thanks, will do!

[@livenlearn3468]

Thanks as always Ross for another great video. As a beginner trader I'm wondering how one builds a coherent technical strategy? Your expertise is amazing, but I don't feel confident to trade a strategy like the one you deploy. How about a video detailing beginner strategy plays? Both from the points you just made but also technical set up? Thanks again.

[@DaytradeWarrior]

Thanks for the suggestion!

[@habangolf]

Thanks Ross! Another great video. I appreciate all your help. Stay Disciplined!! Cheers 👍

[@DaytradeWarrior]

Thanks, will do!

[@DaytradeWarrior]

Glad you enjoyed it!

[@boogiewoogieandbluespiano]

Brilliant video 😊 thanks Ross

[@DaytradeWarrior]

You're welcome!

[@Kilo80Kilo]

Nice shirt!

[@DaytradeWarrior]

Thanks 🙂

[@bombadil776]

Love the new intro music

[@Simpletrader36]

Probably the best video I've ever watched for trading

[@DaytradeWarrior]

Love to hear it!

[@lipan5765]

Thanks sir.

[@DaytradeWarrior]

Most welcome

[@cryptotaurus333]

Thanks Ross, I watch everything you put out on and a👍

[@DaytradeWarrior]

Love it, thanks!

[@LloydAndrews-z1m]

Loved your example of Trading strategy as equivalent of baking a cake. Jokes apart but there are huge learnings over here for all traders. I will share this with my partner and apply the learnings on my Market101 account.

[@DaytradeWarrior]

Glad it was helpful!

[@snowinblood5243]

Thank you.

[@DaytradeWarrior]

Thank you!

[@stevennelson7178]

I love this talk. I see a lot of things I have done well, and a lot of really bad mistakes I have made. One technique I have learned when it comes to chasing, is I take a breath and remind myself that I have a strategy, and my strategy is based off of making good decisions, and the profit goals are a result of decisions, not the other way around. It can be so easy to get in the mindset of "I could end the day with this much profit" when the goal should be to end the day making decisions that I can feel good about. It's really been helpful to me overall to look at things like golf or other games, and just life in general, and think about how important a clear head is and how to achieve that. In golf you pay a caddy to remind you to stick to your strategy. In trading, it's just you and a mirror. It's very difficult to reset every time, and take every trade and scenario as it's own individual situation, and maybe that's actually one of the hardest skills to develop.

[@willperez552]

Great advice! This is probably one of my biggest downfalls along with over trading.

[@DaytradeWarrior]

Very true, thanks for sharing!

[@maxjoey197]

Thanks

[@DaytradeWarrior]

You bet!

[@cogar313]

Ross you are a God sent! Such a fantastic video

[@DaytradeWarrior]

Glad you enjoyed!

[@jacksonedgerton4890]

Thx for the help in the video. But do you know why sometimes when I buy the ask It doesn't fill me?

[@DaytradeWarrior]

Not sure, we'd recommend checking with your broker on that!

[@susanmiller8993]

I LOVE love love these types of videos. I learn so much and you hit the nail on my head! Thanks Ross!

[@DaytradeWarrior]

Glad to hear it!

[@geocell748]

Quality! 👌

[@DaytradeWarrior]

Thanks! 😁

[@TamTran-js7fj]

Hi Can you send me the link to register for the class please Thanks 🙏

[@DaytradeWarrior]

You can sign up for a webinar here: www.warriortrading.com/free-day-trading-class/

[@tradeforcharity]

Emotional HiJack - "Screw it im going all in" LOL 😀🤣😂that should be #1

[@DaytradeWarrior]

True!

[@jasons2cents]

I am a young trader and I have made many of these mistakes in the past that led to me blowing up my first account. Rather than emotionally trade trying to make back the loss and then subsequently making a bigger loss. I have to slow down and remember my plan and share size relative to my account. Don’t go chasing the possibility of a big win, because the worst thing that could happen is it comes true and you lose it all with a bad mentality. Don’t be like me, thank you for this video Ross 👏🏻

[@maruzdumucruz1116]

how old are you

[@DaytradeWarrior]

Glad to hear it, keep at it!

[@maruzdumucruz1116]

thanks ross

[@DaytradeWarrior]

You're welcome!

[@thomasfeiller2207]

The term "plan" can be a little subjective. For some it's extensive analysis and for others it's just a watchlist based on the premarket gappers and then watching price action and the RSI.

[@DaytradeWarrior]

Good point!

[@uncommonsenseforyourbusine5039]

In a past video you mentioned your equipment and setup Can I get that info

[@DaytradeWarrior]

You can learn more about choosing the right computer and setting up your workstation in these 4 helpful blog posts: 1. www.warriortrading.com/day-trading-computer/ 2.www.warriortrading.com/day-trading-laptop/ 3. www.warriortrading.com/3-tips-for-buying-your-first-trading-computer/ 4. www.warriortrading.com/multi-monitor-day-trading-work-station/ 5. Link to popular hdmi to usb connector: www.amazon.com/USB-Dual-HDMI-Adapter-External/dp/B0725K1MHH/ref=sr_1_1?dchild=1&keywords=2+hdmi+to+usb&qid=1623263940&s=electronics&sr=1-1 You can check out these videos for more info as well: Setting up a simple trading station: kzbin.info/www/bejne/Z4ezgoiIgp52ack Traveling trade station: kzbin.info/www/bejne/bZC4ZpV6lpiHZ8k Roberto's Modern Trade station: kzbin.info/www/bejne/f3XYo2x_h7mlpsk Mike's Trade Station: kzbin.info/www/bejne/oHKsaHxumcqarJI Ross's New trade station: kzbin.info/www/bejne/b4WvepmAqa98Zsk

[@francoisdesbiens3886]

I'm new. I know I am over trading. But I'm learning so much. I would probably be profitable if I would slow down. But I'm currently going sideways with a small account and no commissions fees. I was green 5 days in a row then a big red that wiped my gain. Well. It's part of my learning process a guess.

[@DaytradeWarrior]

knowing what you're doing wrong is part of the solution! Keep at it!

[@reflexzayah6381]

Appreciate the help man, even tho im to broke to afford your class, your videos have been my number 1 learning resource so once im succesful trader ill be sure to buy that courseto support you!

[@DaytradeWarrior]

There's lots of free content here on KZbin!

[@MagicalWizard45]

really good video good clear teaching

[@DaytradeWarrior]

:)

[@ericg4915]

Morning trey

[@DaytradeWarrior]

👋

[@AM-lk7nj]

Emotional hijack for me is I make a nice gain and I keep trading until it's all gone thinking I can make more. Greed.

[@DaytradeWarrior]

👍🤓

[@etgaming6899]

This a great video for the beginner like me. Avoid those miistakes and do a ''ONE GOOD TRADE''

[@DaytradeWarrior]

happy to help!

[@Boofpack-og]

Emotional hijack went crazy for me this week. Just got into trading, down 70% this week LOL

[@DaytradeWarrior]

Oh no, hopefully you know where you went wrong so you know how to fix it !

[@qdive2508]

Hey Ross, I've been watching your videos for a while and now I want to practice in a simulation. Wich simulator do you prefer that has real data? Thanks for youre videos!

[@DaytradeWarrior]

Our Starter and Pro memberships come with access to the Warrior Trading simulator. You can email our team at [e-mail] for more information.

[@ickybu8012]

The best argument I have is all you need is 12 Good trades a year. Best advice I’ve ever received and helped my me significantly just by those words being repeated in my head lol I don’t know somethings just hit right.

[@DaytradeWarrior]

Love it!

[@ahsoka6807]

@@DaytradeWarrior When you say 12 good trades how much are you saying? If we're talking 4k or above then yeah I agree. And I like that too man. It takes the pressure off abit.

[@KellyShamnyuy-kq3ll]

How to trade with track record

[@justinbeale1837]

The pasta shirt!!

[@DaytradeWarrior]

yes!😊

[@vencentbauer]

And also never never force your trades some days there are no trades even the best of the best have gone days with no trades. I paper traded 4 a year before I spent any money my trades in the last almost 40 days are all green. I did sit of a couple 4 a week but and alot of these trades were 5 to 8 trades per day I have to stop wanting to buy everything I need to stick to my guns keep to just 2 /3 trades a day.

[@DaytradeWarrior]

It's a work in progress, stick with it!

[@4kflyhigh976]

Awesome Ross..just awesome..i m getting to learn the hard way,90% loses money..and i find myself stucked in the middle of what you just have explained...and learning from someone with the knowledge, will help many i am sure..thank you very much.

[@4kflyhigh976]

Or it works like a private connection

[@DaytradeWarrior]

Keep at it!

[@Uctus8]

I WANT IT ALL!

[@DaytradeWarrior]

🤑

[@red2green]

good job Ross, very nice trading!! Please continue your lessons!! They help me alot!

[@DaytradeWarrior]

Will do!

[@dustyshurvington9341]

i like the airplane analogy lol

[@DaytradeWarrior]

😊👍

[@sharpy9201]

Overtrading proved deadly to me i got green on the day for 3 days but then made 3 4 more trades and went on deep red

[@tradingtime300]

Trade small bro. Trade small if you’re consistent for at least a month trading small then that means you found something . Don’t lose any of your hard earned cash bro

[@DaytradeWarrior]

That's a tricky one!

[@isaaccaissie8743]

this is a good video. it's made me realize I have been emotionally hi-jacked. I got lucky this morning and I made profit trading like this, but it is not something I am trying to make into a habit

[@DaytradeWarrior]

Glad it helped!

[@seductivesecrets01]

I am very grateful for this instructional video. I previously learned to use crypto through netcoins crypto academy. After I watched your video, my knowledge expanded even more.

[@DaytradeWarrior]

Glad it helped!

[@alsad6699]

Without discipline, this whole ordeal is exercise in futility, with nothing but frustration and anger as a result to show for.

[@DaytradeWarrior]

Well put!

[@alsad6699]

@@DaytradeWarrior Aannddd I went and disregarded my own advice, lol! Just had a 900 dollars loss on webull paper trading sim. But I am reminded that Ross had 270 K loss and did not gave up. But he figured out why it happened, and changed and adapted his strategy. I guess that is a par for the course of making oneself disciplined more and more, in order to become profitable trader. Thanks for your replay.,

[@lostnamenowwhoami]

I should probably watch this video before each trading day.

[@DaytradeWarrior]

That's an idea!

[@MrWonderful77]

Worst mistake I make is giving back profit. I make twice my daily goal and keep trading. Sometimes you make more by trading less.

[@goldeneagle3638]

I have the exactly same problem. First trade is superb. Second trade is half of the first. The third one is a loss (nearly wiping out my whole day profit) and fourth is either a win where I get my money back or a much bigger loss. The second Case is more common. Every time I stop at 2 trades I make more than any other day.

[@DaytradeWarrior]

👍

[@yamalet11]

I just starting to trade with real money and I have to admit, I'm guilty of all of them.

[@DaytradeWarrior]

Keep at it!

[@gery2899]

Cutting of my losses in time was one of my biggest obstacles

[@DaytradeWarrior]

Nice!

[@thomasfeiller2207]

Regarding the emotional side, I found that studying what Mark Douglas had to say to be helpful

[@DaytradeWarrior]

Great resource!

[@LM-hg6lb]

👍

[@DaytradeWarrior]

👍

[@mariomorenosoto8315]

teacher

[@DaytradeWarrior]

👋Hi!

[@tanyaschmitt7707]

💜

[@DaytradeWarrior]

❤

[@mlshulse]

My biggest fear is increasing share size on stocks between 2 and 20.00 dollars.

[@DaytradeWarrior]

It takes time, stick with it!

[@alwayswinning3743]

I want this badly enough - My discipline Is I'm out of any trade up or down with in 10c :) so If I buy stock @ 2.00... I'm out at 2.10 or 1.90 - It's my #1 rule ;) at least while I start my small account - soon :) - just paper for now, but real $$$ very, very soon :)

[@DaytradeWarrior]

Nice, stick with it!

[@Ayo-zz6gq]

Yea I do 15m increments

[@thewirelessshop1511]

1st

[@DaytradeWarrior]

🥇

[@thewirelessshop1511]

@@DaytradeWarrior hehe

[@thewirelessshop1511]

thank you 😊 I'm learning alot

[@antoniogarcia4599]

👏👏👏👏👏... Might needs a huge hug today... Great video and mighty will be big 👆👆👆

[@DaytradeWarrior]

Nice!

[@Joseph-zi7bc]

Hey Ross, I made the mistake of jumping into real money trading early on and lost around $1000 in the first month after a few trades. I use the TDameritrade platform and have tried using the simulator, however for some reason I can see the price of the stock on the level 2 before it actually goes there on the chart. Making it really easy to cheat the system and make money. I went back to live trading and am watching your beginner course now on warrior trading. At the moment I am practicing in real market with a small amount of shares, making risk a very small factor. Is this a bad idea? I feel like I’m learning and not risking a lot. Thanks!

[@DaytradeWarrior]

It's up to you, keep at it!

[@joetrease9552]

Ross wakes up in the morning like “let’s get this bread…aaaand I’m wearing my bread shirt today.” 🥖🍞🥐🥯 You rock buddy! Thanks for the tips!

[@joetrease9552]

Might be a pasta shirt…”let’s get this pasta”…nope. Sorry Italy. 🇮🇹🍝

[@DaytradeWarrior]

Haha!

[@jasonmccorkle8760]

Thanks