Top 5 Reasons Why Traders Lose Money 💰Don’t Make These Mistakes!!!

[@DaytradeWarrior]

Ready to stream this Master Class with my trading mentor team ❓❓ Click Here 👉warrior.app/stream-mentor-panel to get the video. You'll hear from me and our team as we answer questions 🎤 from real students in our program 📚

[@theratrace2153]

where is the brokers list?

[@Ram-ht7mq]

How to get Master Class video, appreciate your help on finding it. :) I was not seeing the video on the link above.

[@praveenlearn7499]

i dont see the broker list

[@DjRadRod]

Hey Ross, I began my trading journey just last November. Did a small amount of simulation/paper trading just to get the hang of how to execute orders etc. Started right away with real money, using a small account. Didn't really have any sort of strategy or risk management in place whatsoever. Took a lot of small losses in the beginning, as I was slowly trying to find my niche and formulate a strategy. Lots of up and downs.... Now somewhat profitable, thanks to risk management and proper position sizing, having an actual plan in place etc. Once I started thinking in percentages and gains, instead of dollars and getting rich quick it really started clicking for me. Trading has completely changed my life! I'm up everyday at 5AM to check the markets, load up my scanners and get a watch list going. I work full-time as an engineer, so it's my side gig for now until one day I can make it a full time career. I love the content by the way, especially your trade recaps. Have a great day and happy trading sir.

[@DaytradeWarrior]

right on man, study study study@!

[@markburn4943]

I think my biggest problem is chasing the homeruns instead of being content with small wins

[@DaytradeWarrior]

Been there before Mark

[@darthbrandon2149]

@Mark, You are not alone.

[@newpromoshere9141]

for real, take profit, all profit is good

[@newpromoshere9141]

I think new traders fail because they have a lack of patience and not wait for the profitable trade

[@AllenandAndy]

Damn this hits close to home

[@anacrosby8951]

I’m not losing money anymore. I just wanted to say you are the only transparent Trader/educator. I respect you very much for that. Keep up the great work. I had my start of trading education with you. But moved to few others after you and realized you were the only honest trader of all :) it was a good start with you. Thank you

[@DaytradeWarrior]

Congrats, that's great! Thanks for sharing.

[@3statesnetllc]

Just came across this video, I’m new but have a set of rules that have worked for me so far. But always learning (I own a few other businesses as well. I tend to spend way to much time but here’s my rules let me know what you think. I’ve only been at it for 3 weeks 1) never spend tomorrow’s lunch money on stock 2) when buying I set a trigger for a sell and stick with it - any profit is a good profit 3) I don’t buy anything that isn’t currently down (especially with the corona) from 6-12 months ago 4) I don’t buy anything that doesn’t move a lot (the current yo-yo like market is working for me) 5) I don’t sell if it’s down and I account for a certain % to hold for a day or two 6) i don’t look at what I could of made it I’d held it longer - that’s whey you start playing the slot machines and the house always wins. I have a little 200 a day goal on profit, that being said I’ve averaged 650 a day for the last two weeks and I’m looking at upping my goal. Thanks and as always I read and watch everything

[@DaytradeWarrior]

Those are some great rules, thanks for sharing!

[@TacTechMic]

3statesnetllc great job. That is so inspirational, thanks!

[@FeshDCore]

i started learning on the 7 june only using a training account its going great made 800 today on 2 trades in 1 hour i feel confident already but going to wait 1 or 2 more months just to make sure im consistent on keeping a profit ...

[@adonixp]

How did you get started? I really don’t know where to begin

[@FeshDCore]

​@@adonixp Well im using naga to "trade", but there are better out there.. then just use a demo acount, and just learn youtube etc then try to implement what you are learning to the demo account Slowly you will start to get it. But im no expert far from it, all information to learn its out there you just have to really want to learn it.

[@the6reatness]

@@FeshDCore what software do u use for paper trading?

[@grth3929]

@@FeshDCore 800 on 2 trades? Stocks? That’s not impossible but for me I would need at least a couple grand to get that in that amount of time.

[@danfet4141]

I feel like I've just told you about my trading failures and all my frustrations and you're now trying to give me your best advice and also hope. Great video Ross!

[@DaytradeWarrior]

Thanks a lot Dan!

[@RobHavemeyer]

Great to hear from Celena! I agree with her comments 100%. The emotional side of trading is the “one” thing a SIM cannot prepare you for. It’s easy to get carried away in the SIM and make a lot of money. That’s good to a point but it starts to write checks against your confidence because once you go live you can’t take the position size of your fluffed up SIM account. My advice is to try and treat the SIM as if it’s real $. Use the same position size as you can afford when you go live. This way it’s a closer easier transition. Even with that just realize that a few red days in a live account will probably take an emotional toll that you aren’t expecting. But as I’ve learned a red day is a time to learn. Trading is about screen time and learning. And you have to learn from your mistakes and work on your bad habits and things that make you unprofitable. Journaling and Tradervue are your friends. As Ross has said trading is a marathon and not a sprint. There will be slow times or times when the opportunities are less. You have to realize each day is a new set of opportunities and preparation is key to being able take advantage of the A+ setup when you see it.

[@DaytradeWarrior]

That's right! Thanks for sharing Rob!

[@darthbrandon2149]

@Rob, I could not agree more. Losing money in a simulator has no emotional connection. Losing real money is extremely hard. It is simply human nature to want to believe the money you lost can be "won back" if you just keep trading. I am struggling like mad with it right now. I have even gone so far to install an app from the Microsoft Store that will restart my computer at whatever time I specify. Basically, setting myself a hard stop. What I really need is something to do after 10:00 am eastern, like Ross does. Hard stop, whether I am up or down. 🤔

[@TacTechMic]

Rob Havemeyer great info here. So insightful, you helped me loads, thanks!!

[@CamTanYT]

The hardest thing for me was learning how to cut losses. I would hold and hope to not take the loss, but now I have better entry/exit plans and can move on to the next opportunity quickly.

[@DaytradeWarrior]

🤓👍

[@darthbrandon2149]

@Cam, me too. I take a big loss, and my brain just wants to revenge trade. A bad habit formed in my gambling days at the local casino. Double down. Double down again. Double down again. Only with stocks, I am increasing my position size in the hope of "getting it back to even". It works sometimes, but the times it does not work results in blowing up my account.

[@siddigasim563]

The 1st Reason 2:50 2nd Reason 7:33 3rd Reason 9:37 4th Reason 13:41 5th Reason 18:45

[@DaytradeWarrior]

👍

[@TRIITR]

What laptop set up do you have?

[@irriwick]

I am a Sri Lankan, 75 yrs. old and just started to do trading. As you said I made a lot of losses in the beginning and after listening to you I learnt where I went wrong. Thank you for the great presentation.

[@DaytradeWarrior]

You bet, happy to share!

[@GBRbaptist]

You are on fire! Up over 200 today on sim and 10 dollars on small amount this week. Truly thankful for all the free content you share. God bless!

[@DaytradeWarrior]

Thanks Javan!

[@xboomcazoox]

One thing I've really appreciated, learning from your daily recaps and small account challenges, has been your transparency! Other creators only show the days where their trade strategy works. Where you break down your set ups whether they are profitable or not. It's authentic and proves you're a human. Not a student of yours due to the time restraints as a fulltime tradesman, but being a fan has been just as valuable. Definitely trading smarter thanks to you Ross, keep up the good work!

[@DaytradeWarrior]

Every trader has losing days, it's part of it! Thanks for sharing 🙂

[@mtmsxp]

I am a part of the 90% club. Yesterday was no exception. I know my trading will be profitable one day it’s just been a long two year journey learning and getting burned sometimes beyond recognition. Thank you for your videos sharing your ups and downs. Your journey is such an inspiration from struggling and losing to becoming consistently profitable. Thanks Ross

[@DaytradeWarrior]

Good for you! Keep it up!

[@healanihorswill6727]

I guess I got lucky and was part of the 10% I profited around $18,000 in about 8-10 days .

[@mtmsxp]

Healani Horswill that’s good to hear. I’m glad your doing well in this niche bc trading is hard. I’ve had to big red days this past week. So I’m red on the week, month so far and year. I know I’ll turn the corner in trading at some point it’s just such a struggle to get there. Keep up the good work

[@sis6483]

I finally decided to turn my trading into a business by proving that I can successfully make $50 in a trade. I treat it as analytically as I did my consulting business. Your recommendation connects for me because it is how I'm treating every day. At first I thought I shouldn't have to work so hard at it, then embraced my work ethic. Now that I have proven to myself for the last 2 months that I can successfully meet my small goals and I have been studying trading strategies and engaging them for over 10 years as an investor, I am going to Schedule C my business under my existing sole proprietorship and change my Business Activity designation. My questions are: 1. What is the correct Business Activity designation? 2. Is Mark to Market necessary for my accounting method? Upside? Downside? 3. Are your classes a schedule C deduction? If so, under which line item? Thank you so much! I look forward to learning your strategy to increase my profitability without emotional stress :)

[@robertsorensenhomeofthefid171]

Ross, you are so genuine. Thank you for being awesome and helping the rest of us. I hope you realize just how much we appreciate you.

[@DaytradeWarrior]

You're welcome Robert!

[@candywilliams893]

I really love your way of experience, and letting the under knowledgeable people, be more knowledgeable about the business,, and thank you because, I just lost my Mother, and I’ve just been loosing my inheritance..

[@laurenjohnson8530]

Ross, you make trading seem really accessible. I always thought trading was too technical until I stumbled across your videos. I started with Stash and presently have a 13% return, but I'm really excited to get into day trading. Thanks for sharing your knowledge and making this actually seem possible. I have some student loans I would love to knock out sooner rather than later and then start really building a life for myself.

[@bulltraderpt]

With strategies I have found some can go in and out of style as the markets are always changing. Someone once said when you start designing strategies, you go from Mechanical, to Subjective then the desired state which one could argue is intuitive. The last one requires many hours of screen time though.

[@MarcosWanlessyoutube]

I’ve been a business analyst for years and everything you say hits the mark right on-thank you for your advice! I will go and take your course

[@DaytradeWarrior]

Thanks Marcos!!

[@Nouveau0]

You're a business analyst but you're taking a course from someone else? 😂

[@TheSilentpulse]

@@Nouveau0 You either fine with being good or you wanna become the best.

[@delviraanadeoliveira1751]

LL

[@DavidBadilloMusic]

The few sell-offs we've witnessed in 2020 with the coronavirus crisis, makes you appreciate the pros of day trading, specially the fact that you go home every day with your account in cash, unexposed to the madness of holding long positions through crises like this, and can sleep well.

[@zacharyhoyu4875]

I skipped the simulation because I want to have the emotional connection to winning and losing. But I am only trading with what I'm willing to lose. I've only gained 10 percent in my first month. It's exiting and im slowly trying new things and am spending 4-5 hours a day watching videos about trading, but when I found your channel I found you are far more informative and you dont hype things up. Hopefully it just gets better from here even if I do take some losses along the way

[@DaytradeWarrior]

👍🤓

[@hugavet3049]

I watched this video but made the same mistakes. I'm a big dummy I got impatient. I jumped in and got lucky early on my first day. $3000. Then lost $10k. Then would get lucky and overconfident. Please follow Ross ' advise precisely. It's too easy to gamble. I should have started with only $1000.00. Don't chase your losses. Start small!

[@DaytradeWarrior]

Sorry to hear that!

[@MatthewWalker_93_]

My biggest problems, even after 20+ years of swing trading and 4 years of day trading, on and off: 1. Trading after first 1-2 hours of opening bell. Volume is down and professional day traders have left the market, so the tried-and-true patterns are wrecked due to nervous scalpers (who take what would have been a 20 cent movement and turn it into a 2-3 cent scalp off every trade. >Result: LOSE MONEY. Entering a trade and watching the next few candles go either sideways or down. What would have been a good move in early hours turns an otherwise lengthy candle into a dimming yellow-then-red orb of loss - my loss. 2. Entering trades too soon! 5-min candles are far better than 1-mins when trying to sense the trend, at least for me, plus my addiction to 1-mins and fear of missing the trade, leaves me rowing with half an oar. >Result: LOSE MONEY 3. Trading half asleep~~!! This, though rare, has been the cause of my most fumbled trades. Shorting when meaning to go long; trading 1000 shares instead of 100, adding to a position versus profit-taking. Need to be awake, rested, and studied before hitting any hotkeys! >Result: Need it be said? LOSE MONEY. Total chaos. Don't trade unless ready to trade!

[@DaytradeWarrior]

That last part is extremely important to remember.

[@JWW10666]

It took me 10 years to find a strategy that works for me. I consistently average between a 15-50% return every month. The way to win in this game is with consistency and having a good risk management plan in place.

[@DaytradeWarrior]

That's very true!

[@sahabiyaa]

Hi Jesse, Can you pls give us some tips as to someone like me who is just starting to learn! Thanks in advance!

[@vovanminh999]

10 years , wow are you serious to find a strategy , i think you are not doing enough homework , only took second months to found my strategy because i was studied a lot before that .

[@dennisrodriguez3689]

I turned $4000 into $80. Yup, it just took me 3 weeks , and yup. I have all the symptoms of Why traders lose money xd

[@Learn2SingInEnglish]

in this market? how?!

[@DaytradeWarrior]

Really sorry to hear that! We'd love to help you turn things around. The best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@dennisrodriguez3689]

@@DaytradeWarrior Don't worry. I just turned my remaining $25 (yup, I lost 55 more) into 525 this week. I'm learning, but i was looking for some motivation on your Channel. Thanks!

[@angelaandronache4019]

Dennis Rodriguez same here 😩🤦🏻‍♀️🤷🏼‍♀️ everyone bs that they win a lot but they never talk about losses.

[@lchmiami2844]

Hi Dennis for how long have you Been in this so far ,

[@pseitradingmemes7203]

Thanks for this video Ross, now I need to step back from trading and reassess ehat I've been doing for the past 3 years. I'm sick with traders claiming that they have a profitable strategy after just few jackpot trades and now are conducting masterclass and charge new traders enormous money for their seminars but can't even show their yearly performance or ledger. But with Ross, he has proof and it's all documented for everyone to see.

[@DaytradeWarrior]

Glad I could shed some light on this topic! Stick with it Alpha, appreciate the support.

[@Bottlesbybigd]

Watching all your videos the last few weeks has been very eye opening for me Ross. I started with Robinhood investing for long term but couldn’t help but be drawn to day trading. I haven’t made any crazy trades or had any big losses only built up my account slowly by mostly swing trading. I’m closing in on $10k in my account through RH though. I Would like to transfer to a more reliable brokerage at some point here and hope to take Warrior classes possibly next year. I will be slowing my roll and really digging into understanding trading because I love it. Thanks so for the morning videos Ross they are greatly appreciated.

[@DaytradeWarrior]

You're welcome David!!

[@evushka25]

This video from the start described my two loosing trades this week! My first two trades were profitable. First one, actually, I did all on my own :) Was very proud of that. Then second following you, Ross, 100 shares and made $163 using only about $800. I got so excited and overly-confident that the next day I bought 1000 shares and being so scared to loose - sold too early, hence the loss. The following day I made the same exact mistake... hoping to recapture the loss from the previous day - lost again. I have no experience, no knowledge... and traded in Fidelity! I thought I would have a heartattack while my sale was loading! I can't believe I did that! Quite embarrassing :) No more! I've been studying hard, I will practice in a simulator, I will set a limit to number of shares and price. I hope in a month I will be ready to trade. I wish I saw this video last Sunday before I threw myself into trading. Thank you, Ross!

[@DaytradeWarrior]

very good!!

[@elyasunshine]

Priver

[@evushka25]

@@elyasunshine Privet! :) Ya tebe prishlyu list kotoriy nado smortet.

[@willdennis3060]

Your content is so good. Sticks out a mile in terms of its authenticity.Thanks for creating something meaningful against the noise of empty content that fills this space on KZbin!

[@DaytradeWarrior]

I appreciate that, thank you!!

[@lindanormsmedrano7834]

I've been trading without any kind of knowkedge at all thru Charles Schwab. I only trade penny stock. I get excited when i make 200.00 profit.. then i research other companies andd buy 300.00 the most... i make 35% profit but I have lost 30%. In one trade but i am glad I found you before I blow it with larger amounts. Thank you for existing! I'll follow you as of today,I'm your number one fan....🙋‍♀️❤

[@DaytradeWarrior]

We'd love to help you take your trading to the next level! The best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@lindanormsmedrano7834]

@@DaytradeWarrior Thank you so much I will sign up immediately,you're awesome!🙋‍♀️

[@bama_b3019]

Greatly appreciate you taking this time. You seem genuinely sincere and I think your videos are real gems!

[@DaytradeWarrior]

Thanks for watching!

[@ninjake3]

Thank you for you constant videos. The past week I've had a paper account open and didnt trade at all. Just simply watched so I can get more familiar with the patterns and the system. This monday I'll be buying, and if I show profits until March that's when I'll use real money. Until then I plan to watch your videos every single day!

[@DaytradeWarrior]

Great to hear you are practicing! If you haven't already, you might enjoy checking out one of the free classes we hold. There is a spot to sign up on our home page: www.warriortrading.com/. Thanks for following!

[@BialyOrzel777]

#1 Greed ... hands down... been there, done that learn to dominate it and control it , you might do ok ... many talk nice but talk is cheap ... learn the hard way

[@DaytradeWarrior]

Yep, we've all been there.

[@RPHowe]

I've been trading a little over a year now. I paper traded for a while when I started. I did well with it, but when I started with money I didn't do very well. 9 months later I'm still trading, but seem to struggle still a little. Something tells me to go back to paper and something tells me I'm past that. I've noticed that when I paper trade there is no emotion which doesn't do me any good because I'm VERY emotional. I had my best week two weeks ago and turned around last week with my worst week...green today!! Love your channel bro!!

[@DaytradeWarrior]

Only you know what it right for you, the sim can be helpful, though like you said once you go live it can be tough to trade similarly in a sim.

[@joeycarpeal]

Mannnnn that first Lady hit the nail on the head how I've felt the past few months.

[@DaytradeWarrior]

👍🤓

[@jamescrone1588]

May i suggest i know this is years old but don’t say yes as much when someone is talking I know your doing it for the right reasons but maybe just nod and smile when you agree or understand and thank you for the video ! Brilliant work keep it up

[@DaytradeWarrior]

Thank you!!

[@jamescrone1588]

@@DaytradeWarrior much love bro

[@ShanyGolan]

Core issues from traders: 1. Not cutting loses fast 2. Believe in a stock 3. Multi trade, riding same stock 4. Shorting during squeezes

[@DaytradeWarrior]

YES totally! You are definitely right there. Believing in a stock is a big one. You have to approach from the view point that they will not succeed, so you manage risk vs manage greed.

[@ShanyGolan]

Warrior Trading thank you 👍🏻 during a trade it’s easy to lose sight of core beliefs due to greed and “luck”. It’s better to be afraid than to be always right (and crash due to)

[@captaincannabis3321]

My biggest issue is with cutting losses. If you find yourself praying for the price to turn around, then you need to just get out. Even though i know this, i still find my saying praying very often.

[@ShanyGolan]

Captain Cannabis because you believe the stock (emotion).

[@captaincannabis3321]

@@ShanyGolan Its not that in my case, i trade options on a small handful of stocks and indexes solely based on their liquidity and volatility. I could care less what happens with them, my issue is that i believed too much in my entry. Rather than saying "okay i was wrong time to get out" i say "no im right, this is just a minor dip, it will go back up".

[@AmaretteArnold]

I'm just finishing up your book, and starting to make a set of rules and a detailed strategy for myself. Yesterday, I decided to trade with real money before I was fully ready and just went in Willy nilly without my risk management in place and before getting my account transferred from Robinhood to TradeStation. I lost $700. That is more than I've made in my long term investments over the last few months. LESSON LEARNED. The simulator will be seeing more of me before I go back to the real market!

[@DaytradeWarrior]

Yes, the simulator is where you should definitely trade until you have a proven strategy.

[@AmaretteArnold]

@@DaytradeWarrior Thankfully, I could afford to lose so much with what I had to start with, but it hurt a lot. It definitely hurt enough to teach me the lesson that I can lose big money fast.

[@xak22]

Have been member of warrior pro for already 3 months, the mentor panel was very helpful, thank you Ross! Many things seem so obvious, but it is super helpful to get them repeated and heard from others as well! (It is like waiting for confrimation on charts haha) Looking forward to 2 more green weeks in order to graduate

[@DaytradeWarrior]

Glad you enjoyed the mentor panel! Thanks for being a valued member of the community. We look forward to your trading success!

[@PastorBradRocks]

I'm LOVING your teaching! I'm drinking in everything I can. I'm going to watch the master class. I have 2 questions: 1) As a person who has only watch half-a-dozen videos, I don't even know what I don't know :-) So, I'm curious, do you suggest a "next step"? 2) Where can I join the community (I did visit the website, but didn't see a place to join)? Thanks again!

[@DaytradeWarrior]

Ross answers all of those questions and more during his live webinars! www.warriortrading.com/free-day-trading-class/

[@davidobjio7637]

you are giving hope Ross, I keep saying I can't do this bc of work hours and bc its to hard to, then I see your videos and I get excited again.

[@DaytradeWarrior]

I'm happy to hear that!

[@jerrykicklighter6716]

No pain. No gain. Period. $$$$....

[@mikeosborn3906]

The most genuine person I have listened to on this subject ,thanks for being real....to many lambogini types out there I just want to make a living....

[@DaytradeWarrior]

Appreciate it, happy to help!

[@mpereira815]

After having a self inflicted loss 13K, today, with NNVC and being a Pro-warrior member, this is really a wake up call for me, for all the things i have not done. "Mea culpa". Need to reevaluate all I've been doing...or haven't, for that matter. Shame on me!!! :(

[@DaytradeWarrior]

I'm sorry to hear that Mauricio, check out these blog posts that were written about trader emotion: www.warriortrading.com/3-tips-on-how-to-manage-risk-like-pro/ www.warriortrading.com/key-importance-selective/ www.warriortrading.com/breaking-bad-trading-habits/ www.warriortrading.com/breaking-out-of-comfort-zone/ www.warriortrading.com/4-important-tips-dealing-trading-stress/

[@seanbaker2577]

That's part of the game unfortunately... If everyone didn't have a loss than nobody would be successful.

[@hugavet3049]

New WT PRO student here, trading in the SIM. learning a lot! thanks Ross, I really feel like this is what I've been looking for. Yes, I lost $3500 sim cash today, but it taught me to take smaller shares and not get greedy.

[@DaytradeWarrior]

right on!

[@kamerynvandehey]

Been paper trading for jus about 3 months and I started with $1000 and I’m sitting at $2450 at the moment. Was the hardest thing to learn but such a great reward to get after working hard

[@janicerouton8963]

Really like your teaching style. a) how do I plug in to your community b) don't see the platforms with hot keys. Have managed ports with Schwab and done well. Just starting swing trades, Does Schwab have hot keys? Thanks!

[@leannabedore]

3 words. I.LOVE.YOU.🤩🤩 becuase you really break this down so well, and are so informative and able to relay it in a spectacular way. Everything you said about beginniners I was like oh crap I do that...🙋‍♀️😭 I recently started on Robinhood.. and um now I'm going to backtrack and start over using your principles. Thank you.. I will continue watching your amazing videos.

[@DaytradeWarrior]

It's my pleasure Ambrosia!

[@rexxpowercolt]

4 years later and Robinhood isn't so bad 😂. Hopefully it gets even better. Thanks so much for your help Ross, not only are your videos extremely helpful but it's the people like you that help me cross-reference the real traders with the fraudsters. I used to play guitar before I severed my hand, and I can confirm, the only way to get better is with practice. You'll even find yourself making mistakes that professionals wouldn't make, with your grip or your technique, and the best and fastest way to find out is to watch a pro.

[@dylanmichaels4716]

In addition to being a great trader/teacher/mentor/motivator, Ross stays sporting the best shirts.

[@DaytradeWarrior]

Thank you!!

[@danielhansen3690]

That zebra wearing a cone was probably the best shirt I've ever seen

[@blombardo83]

Agreed!!!

[@matthew2531]

@@DaytradeWarrior "the traders before me had some secret strategy but it didn't feel right" Federal Reserve starts wars, collapses economies, prints money and forces people to take on debt.... Right on Ross!

[@danhalfhill9169]

Personally, I liked the Pink Floyd Division Bell shirt! 🤘🤘🤘

[@johnwillis409]

As of today, my trifecta is 95%. I have been decent on profits, I don't get reckless, I don't take big risks. I'm not going for 1k days, I'm happy with $50 days. Stratagem I'm building, I use a couple ideas on strategy. If I could afford the classes I would be enrolled in a heartbeat,

[@DaytradeWarrior]

It's great to hear about the progress you have made! We'd love to have you join our community. We do have a more affordable course called the Warrior Starter that you may be interested in. Email us at [e-mail] to learn more about it!

[@julianschmidt4905]

You are the most inspiring guy on YT, my man! You are very honest and what you say always makes sense! I made a lot of money at the beginning (70k in one month with overnight trading) and lost it all, because didn't know what I was doing. Since than I used the demo account and worked on my strategy. Now (after 6 monthy of trading) i'm getting started. This time with knowledge!

[@DaytradeWarrior]

Appreciate it Julian, happy to share!

[@614x2]

I busted up my account with rookie behavior with binaries. It was a 1k loss of discretionary spending money, so it wasn't devastating. In fact, it was very effective at teaching me that trading takes strict discipline and training to the point you can see a flicker on a scanner and be zeroed in with a couple keystrokes. That's a lot of training. And it's training and discipline I'll do when I begin trading again.

[@garbacciojp]

Loved this Ross. You come across really genuine and authentic, subbed for sure. Hoping to learn a lot from you in the coming months 👍🏻

[@DaytradeWarrior]

Awesome! Thank you!

[@Tom-ih5rz]

So thankful for these videos! Nice to hear a genuine voice. Are there any free trading simulators that you recommend? Thanks!

[@DaytradeWarrior]

You're welcome Tom!

[@AthosEric]

Thank you Ross. I can see you are a genuine teacher and you really want to people to learn. I think you are the only one on the internet that can be trusted about Day Trading. education is worth it. Quite a bit out of my price range but it seems good none the less. Hopefully i can benefit enough from the chat room.

[@DaytradeWarrior]

Appreciate that Eric, would love to have you join the chat room!

[@AthosEric]

@@DaytradeWarrior I am already in and I got my father ready to join. It has been a great. I have learned a do much in a few days.

[@AthosEric]

@@DaytradeWarriorWatching your Beginner Trading video on You Tube got me all fired up! I will always be thankful to you.

[@noelbrinkley5262]

Hi Ross, Hi Ross, 3 questions for you as I'm about to begin SIM trading. What SIM trading platform do you recommend to allow me to follow your strategy? What stock screening platform do you recommend and what inputs do I put into the screener to identify target stocks for your strategy? I know I can get all of this with your 2 week "sneak peak" membership but I want to SIM trade for at least a month.

[@DaytradeWarrior]

If you email us we can give you a 1 month subscription to pro preview and simulator, you’d have to pay a bit more but you can check it out if you’d like. [e-mail]

[@ezejau757]

You are a great person to share your true knowledge with us.. Thanks for your lessons (I love your clothes selection, by the way, the tiger sweater it's definitely the best, LOL)

[@DaytradeWarrior]

You're welcome!

[@RUBAN0606]

Seems like emotional content is the Biggest contributing factor for a successful trader

[@DaytradeWarrior]

Thanks for the comment!

[@RUBAN0606]

@@DaytradeWarrior Would it be fair to say that Psychopaths are the ultimate traders 🤪 lol

[@leonelperez5359]

Do you ever feel comfortable holding a 6000 shares plus position?

[@DaytradeWarrior]

I think I always am aware of the risk, though it has gotten easier as I've done it more and sized up.

[@darthbrandon2149]

@leonel, Consider the size of Ross' trading account. I have seen him take a $775,000.00 trade on a large cap stock. So in perspective, Ross taking a 6000 share position of a $10.00 stock is like the rest of us taking a 60 share position of the same stock.

[@estellevandenberg3083]

Ross, thank you for sharing your knowledge. I'm a real beginner and what you said makes so much sense. Thank you

[@ulfbuddensieck8905]

Hi Ross, just wanted to say thank you for putting up this video and making it available for free for everyone. I just lost a lot of money by making pretty much every mistake you mentioned. Clearly I needed to hear what you are sharing. I'm not sure yet where this path is leading, but thank you. I really appreciate you.

[@DaytradeWarrior]

Glad we could share! Thanks for watching!

[@howtoelijah2205]

I'm just getting started and I was wondering if you are still trading, and if so how much have you made?

[@justinburgan4184]

This is to anyone willing to respond...How narrow do you make your strategy? Like down to specific industry and price on particular stocks with certain patterns? Or are you focusing on something as narrow as a specific price point with higher relative volume with an uptrend?

[@DaytradeWarrior]

Justin, great question. I use custom scanners to find the stocks I trade. All Warrior Pro members get access to these custom scanners. To get started with Warrior Trading join us in our next webinar! It's free to join and sign up and you will receive a copy of my best-selling eBook "How To Day Trade" just for attending! Sign up here: webinar.warriortrading.com/signup

[@TacTechMic]

I have a Finance degree, and bringing this degree to day trading I will make so much ....ummmm ....losses. Luckily I’m what’s called risk averse, so not willing to jump headlong into day trading until I learn the necessary steps Russ details here and in his other amazing videos. I plan to learn this system thoroughly and trade the simulator until my clicking fingers turn blue. I cannot wait to begin - I’m itching to make my first trade in the TOS simulator. Wish me luck!!

[@jackfairweather5300]

The worst part is, once you get a strategy down, then you have to learn the discipline to actually do it. Two masters degrees, phd candidate, 10 years in the Marine Corps...and the discipline is still the hardest part. LOL

[@TacTechMic]

Jack Fairweather thanks for your service. And, thanks for that insight. I will make this happen for me. It won’t be easy, and it may not be pretty, and I’m ready. Best of luck to you and everyone trying their best.

[@DaytradeWarrior]

Good luck Michael!

[@Twiddlefingerman]

Xxx

[@mommybrown4926]

Michael W w

[@rayjay6862]

practice makes perfect PAPER TRADING account.. im going to crush it BECAUSE I will MASTER with P.T.A. before I try with cash. most people are looking for these hot tips or stocks, it will be great when I get started here in couple weeks. waiting for insurance settlement... Getting my paper acct. ASAP im on my 3rd 100 pg. journal. also I am an entrepreneur.. and I wont quit till I got this.

[@DaytradeWarrior]

Great to hear about your enthusiasm! We're excited to have you get started with paper trading. The best way for you to learn more about Warrior Trading and how you can get started would be to join us in the next live Warrior Trading webinar. It's free to sign up and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for attending! Sign up here: webinar.warriortrading.com/signup

[@CelticsWin7]

Can you do a top 5 losses recap of 2019? The big losses are the hardest for traders and beginning traders might not realize how much their big losses effect their PnL at the end of the year. Great video 👍

[@DaytradeWarrior]

Thanks for the suggestion, I'll definitely consider the idea!

[@StygianStyle]

Throughout my life, one of the rarest qualities that I've seen in people is a willingness to really listen to those who have expertise and try to learn from them. I think this could be the main reason why so many people who could be successful aren't.

[@DaytradeWarrior]

Good point, thanks for the comment.

[@MrChan223]

Hi Ross, I been following you for about 3-4 month thanks for all your advise keep up with the good work sir.

[@DaytradeWarrior]

Appreciate that Channing!

[@kenny3d909]

Simulation does not work for majority of people. When money is on the table it is 100% different.

[@DaytradeWarrior]

We still believe it's a good way to slowly ease into the markets to get a good understanding of what to expect. When going live, we recommend starting with very small size

[@BrentGoodale]

I’m pretty sure you have more outfits in this video then I have in my closet. Loved the Leopard print at 5:32

[@DaytradeWarrior]

hahaha that's funny! Glad you like the leopard print!

[@kjc9trader491]

@@DaytradeWarrior : 👍 that Pink Floyd tee --- is it "vintage"?....

[@kevinvanwijk2417]

Thank you Ross for giving a perspective on where to start and how to approach day trading.

[@DaytradeWarrior]

You're welcome Kevin!

[@Paarthurnaxdova]

You are so amazing and down to earth. I want to join your team and learn from you!

[@HeyYouWhereMyMoneyAt]

Just say u want the D...jk

[@Paarthurnaxdova]

BugWorldTV I’m probably the only human alive that doesn’t want physical intimacy. I want knowledge and spiritual growth. Not the small ego

[@financeacademy1608]

Can you tell me something about your debts? You quit your job and trade with debt ? I mean it's pressure? How did you handle with that pressure?

[@DaytradeWarrior]

It was extremely hard for me at the time, but I knew that I was on the track to success, so my confidence outweighed the pressure. We actually teach trader psychology as a part of the Warrior Trading courses! www.warriortrading.com/trading-courses/

[@eskoo8396]

3:50-5:25 You said YEAH/RIGHT every 3.3 seconds on average. 29 times in 95 seconds

[@DaytradeWarrior]

👍😂

[@Hopscotch_24]

Active listening. I love it.

[@ahmadus6667]

You didn't understand nothing I believe lol

[@blombardo83]

Stated with $1000 last week. It is all I have ....... I lost almost half in my first 2 days :(, but the 2nd week I gained it all back !! this will be my 3rd week in it. My first big issue is the 3 day rule. I thought I could trade as much as i wanted for 3 of the 5 days. In actuality, it is only trading 3 times a week !! I wasn't doing that in paper trading but I think i still got it !!

[@DaytradeWarrior]

Just be sure to manage your risk Brandon.

[@yodelmeyo]

Hi Ross, great video. What broker would you recommend for Canadians?

[@DaytradeWarrior]

TradeZero, TD Direct and Questrade are popular with Canadians in our community- you can check them out! Please note that TradeZero does not work with Ontario residents.

[@scottwardshow623]

Interactive Brokers realistically is the most used for day traders in Canada 🇨🇦

[@yodelmeyo]

@@DaytradeWarrior Thanks Ross!

[@yodelmeyo]

@@scottwardshow623 Appreciate it!

[@scottwardshow623]

@@yodelmeyo Ross isn’t a fan of Interactive Brokers for some reason. Maybe because he is using LIghtspeed and has deals with them?!

[@davehoover8214]

So what constitutes a strategy? Is it making your goal and walking away? Losing so much and walking away? Or something else entirely? Thank you for your videos. Getting up the nerve to pull the trigger on this endeavor.

[@DaytradeWarrior]

If you haven't had a chance to attend yet, the best way for you to learn more about how Ross defines his strategies would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@davehoover8214]

@@DaytradeWarrior I bought the book years ago and read it faster than any other book ever. I definitely should join in on the seminar. Thank you for the reply.

[@brandonlurssen1751]

Cannot find the brokerage accounts you recommend or use, which are they? they're not stated in the description

[@normanprice5351]

The presenter explains the subject matter very well in a balanced way ...I completely understand that a mobile trading platform can never compete with a proper P C day trading platform ...However I work outdoors and I am Self Employed ..I use a commission paying mobile platform to swing trade outdoors which I can do during my working day as I wear my mobile on the top of my hand using a mobile arm band strap ...I will star/bookmark all the stocks I am interested to follow for instant recall so I can follow the movement of the shares throughout the day on a several Google webpages .. Also I will star/bookmark simple to follow info and invester sentiment on these stocks as well ....Then if I am interested to buy / sell I will go to a separate App on my mobile to go to my trading platform ...Not a perfect set up I know ..but at least this way my mobile is being used at maximum speed / efficiency and I can also do this at anytime I wish rather than being stuck at a P C which then means I would not be able to do my normal day time job.... Although only trading in shares since the end of April I have so far been having some minor success but am still going through a learning process ...🧐.. Norman /England ,

[@DaytradeWarrior]

Thanks for watching Norman!

[@normanprice5351]

@@DaytradeWarrior Many thanks for your reply ...I hope you keep on making interesting and informative videos ..👍

[@Andrew1995G]

It's my New Year's resolution, and now this channel is one of my daily habits, great tips, thanks Ross!

[@DaytradeWarrior]

Awesome Andrew! Glad the videos help!

[@jadehiggins2790]

How's it going one year on

[@oldschooladkwhitetails215]

I've been learning alot from your vids. Thank You. I work full time and only have 2yrs to retire with a pretty good pension. I work 80hrs 90hrs in a 9 day period. OT to pad my retirement. I dont wanna get rich a trading...I live a simple life in ADK mountains. Just wanna make a 100 to 200 a week. Was gonna join the warrior program till this crisis started..but money is little tight. I will join once things level out. Thanks again for being so humble

[@DaytradeWarrior]

Hey man, that's awesome!! Spend the next 2 years studying on the side while you get ready to retire. We'll be here for you when you're ready to join!

[@modan999]

Kudos to you , Ross. For those willing, you are ingenious. Keep up the goodwork.

[@DaytradeWarrior]

Thanks for watching!

[@dynamiketiger]

Thanks for all you do, Ross. Love that sweater btw 🙌

[@icesummer1725]

i was expecting the emotions or psychology as the last part as i believe this is the most important factor in trading. i am a beginner only but i think this is the most important thing of all aspect why a trader is not profitable in the long term.

[@DaytradeWarrior]

👍

[@denismilchev1913]

Read about behavioral finance

[@treasurehunt7812]

I appreciate your authenticity. A rare commodity in this age.

[@destinybaldwin1860]

You have really helped me out. Thank you so much for everything you do!!

[@DaytradeWarrior]

Thanks for watching!

[@riverjaydenart]

Hey mate, absulutely love your videos! Addicted to them. Beginner trader, no nothing. soaking up every video I can. Do you recommend starting out with your educational trading while learning the basics on simulator?

[@DaytradeWarrior]

Thanks for sharing! Yes, we highly encourage you to first go through the Warrior Pro course and practice on the Warrior Trading simulator before attempting to trade a live account. If you haven't had a chance to attend yet, the best way for you to learn would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@eltonreeves8477]

I've been slowly figuring my strategy but this is some golden advise

[@DaytradeWarrior]

Keep at it Elton, it's a process!

[@stockdi9017]

I re-watch this video over and over many times. A very good education.

[@DaytradeWarrior]

Great to hear that!

[@Dreamangelz18]

I wish your course was more affordable. I been wanting to take it for so long.

[@DaytradeWarrior]

Hey Lulu, we are running a flash sale now of our New Years offer, email into us and we'll help you with that and get you some free resources!

[@Dreamangelz18]

Ten years ago. What do you mean?

[@sheldonrobinson4062]

I am really glad I stumbled across this video. Almost didn't even watch the video, was sitting here watching videos on swing trading and blah blah blah without even having a strategy and or a game plan basically knowing nothing.

[@DaytradeWarrior]

Love to hear it, glad I could help!

[@samogryl]

Loved the Panel Talk.

[@DaytradeWarrior]

Glad you enjoyed!

[@darthbrandon2149]

Ross, After blowing up my account last Friday ... again ... I decided to go back to square one and watch some of your older videos. Thanks for making this one to remind me of everything I am doing wrong. Back into the simulator I go....

[@DaytradeWarrior]

The best way for you to learn more about how you can turn your trading around would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@darthbrandon2149]

@@DaytradeWarrior Thank you for your concern, my friend. I already know what I need to do. 1. I must force myself to trade in positions that I can afford. CMEG gives me 6x margin, and I over-extend myself into bad trades. I must limit myself to 100-300 share positions. 2. When I take a loss, I MUST stop trading. I cannot "trade my way back" every time, but I try anyway. That causes me to take larger positions, trying to "make up the loss" on the next trade. Basically, I am gambling, rather than following your strategy. 3. I have to find something to do at 10:30 am eastern to give myself a hard stop, whether I am up or down. My account blow ups always happen after 10:30 am. As always, thank you for everything you do. You are a good man.

[@faledeia1]

I became profitable thanks to you!

[@DaytradeWarrior]

Wow that's awesome! Thanks for sharing ;)

[@joannagarcia9595]

Hi. I'm completely new to trading and have been doing research... your site is by far the best. Thanks for all this great info. Do you recommend watching certain videos first??

[@DaytradeWarrior]

If you haven't had a chance to attend yet, one of the best ways to learn how to get started with trading would be to join us in the next Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@joannagarcia9595]

@@DaytradeWarrior awesome. thx.

[@kam99_]

I love this video he sounds so genuine

[@DaytradeWarrior]

Thanks!

[@TraderLane702]

This is my dream! I need to know if my 5 year old apple laptop and my google chromebook that I just got would be sufficient for my setup! I am so excited to watch all your videos and plan to logon to watch live. I am looking for the video on how to jump in on the 1st 2 pullbacks. This has my brain in mush and it may take me 3 times longer to get the hang of it but I became a licensed insurance agent in 12 days and hated the lack of flexibility in my schedule so now I am so excited to learn all I can.

[@tamal9476]

Ive been watching your videos for sometime now and learned a little about trading stocks. Only thing is that im still having a little trouble understanding the concept of it. Any recommendations or tips from the warrior himself ?

[@DaytradeWarrior]

Thanks for sharing your interest in trading! The best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@tamal9476]

Warrior Trading Sounds awesome man, ill definitely be joining the next webinar. Mind me asking when it is? (PST)

[@hannahlynnart]

Working diligently and *consistently* while investing in ongoing education over a period of time is the universal law to success. I'm excited to learn about this for myself as I built my art business up from $10 worth of supplies as a stay at home mom over 14 years to now a six figure income--earned mostly from royalties and passive income. So I understand all the principles of business, risk, profit, and most of all patience and failure. Use failure as your greatest guru, stay consistent (as every business goes UP and DOWN), treat your business like a business, and you will eventually succeed. Thanks for the info. Listening in the background while I work on more art assets that will create more passive income so I'm killing two birds with one stone!

[@DaytradeWarrior]

Thanks for sharing Hannah! Keep up the good work.

[@echodelta_9315]

I like the shirt change in each rule haha but you’re sooooo right I lost a lot of money upfront trying to trade on Robinhood before I had a plan and only started to get profitable when I switched to Ameritrade and developing rules for myself. I’m still working on them but I’m becoming more consistent and that has helped me to getting more profitable. I still want to join your course but I’m in school and work full time so I can’t dedicate as much time. I do think it would be very beneficial though to join and plan to when school breaks into summer most likely.

[@DaytradeWarrior]

haha glad you enjoyed! Look forward to having you on board soon Munkaynutz_