Don't Quit Trading Before Watching This

[@amandamann8633]

I have been paper trading for the last 6 weeks. Usually successful eight out of 10 times. I did my first real trade today and I made $162. Everything that I have learned about the market has been from you and your channel. God bless you!! I'm on my way to be a 100,000 aire

[@Coyotejody]

You using cmeg platform ?

[@r.alexander9075]

Good luck buddy! Good way to start and hopefully it continues

[@kevinbuda7087]

good on you ! its usually important to come out of the gate in anything on a winner!

[@Tech-vn1jv]

Congratulations, I have a full-time job, and don't have much time. I think the trade can be achieved with lots of time, patience, etc. I enjoy it, it is not about the money. Good luck

[@kevinbuda7087]

@@Tech-vn1jv im on mara right now!!!

[@CxCoinHolder]

Putting chains on the gator while teaching us how to day trade. This why I watch your videos bro never change. Much love from Virginia

[@wallacegossen1892]

Hey Ross (I refer to you as the Bob Ross of trading). Just wanted to drop a comment thanking you for everything you do. You’re an incredible teacher / instructor and your guidance has been immeasurable to me. Thank you!

[@mush2445]

on point! xD

[@infinitelyllc]

lol! I love Bob Ross and his happy little trees!!! Thats how I paint trees too thanks to him...start with the wood .... then fill in the branches...like so.🌲🌲🌲

[@matthughesrocks]

I feel this with music, it's a struggle. In the book Think and Grow Rich it talks about people who gave up just before they could have reached the gold which other people found just inches from where they gave up and how the greatest minds of our time never gave up after multiple failures.

[@heatherschandera8403]

Ross please keep doing more of these type of videos behind the scenes of showing us your life with cars or whatever and talking about trading this video help me a lot and has really hit home I’m saving up a 30k account will have by end of this year and am just practicing in simulator and studying for now when I do go live next year I will start out small wins and small losses and slowly scale up after I can afford to I also will have a full time job to cover my losses when I do have them so I don’t drop below 25k you inspired me so much one day I hope to be like you on a smaller scale thanks Ross also I’m 25 years old just so you know

[@bd0821]

I saw you recommend "Quit" in a prior video along with another trader. Right in the middle of reading it now, very good at giving different scenarios of when quitting is the best thing to do, not just in trading, poker, but life choices.

[@IDONTQUIT1111]

My point at being done is when volume dries up. Usually after 1030 there's nothing good happening.

[@peetrwilson]

Just yesterday, I told myself I'm quitting. 25k to 8k over the last few years. Terrible choices over the last month . This video is very timely...

[@SFbayArea94121]

Damn 😮, I hope you’re able to get back on track man. Sorry to hear that, but it is a difficult game

[@infinitelyllc]

You can only loose what you risk.

[@jacksonulvila1614]

Mine was at 25k just Friday and today went all the way down to 4k after hours. Wildly enough I didn’t go all in on anything. I kept not cutting my losses and then would sell too late and make another bad trade. Have hope. It’ll come back

[@Cat-yc9lk]

I’m happy with the $6 I made today! Slow and steady wins the race 😉 thanks again Ross. You are the real deal and I thank you xx

[@Crystalsantos13]

ive been trading on a very small scale, following your strategy, and its working!! ill have red days of course but my green days definitely outweigh my red days, thank you for your knowledge ross!

[@ktrump5882]

Excellent advice again Ross. One of my favorite Channels. Many thanks.

[@FilthyNinjaSTEP]

The taxi cab thing is such a good metaphor for life in general, when money is tight or life gets hard you tighten up every aspect of your life and keep grinding, and when things are coming easy you start throwing caution to the wind, or at least, I do.

[@MikePavlak-s4f]

Ross - love your channel and so glad I found it! The information you provide is invaluable - thank you, sir! I used to watch Annie Duke play poker all the time and the parallels between poker and trading are so cool! I used to be a professional poker player and I wanted to offer a slightly different view on the kill switch and the response to it being triggered. You said that you may want to look at 4/5 red or a $ loss target as a kill switch and the response is to walk away. There were many times where I did exactly what the taxi drivers did and sat a table of highly skilled players and ground the entire day to make minimal profit, if any. On days where I had a super easy table, I would walk away after about an hour when I hit my $ target. For some reason, it is hard to notice that these are all actually the exact same scenario where the wrong target was set. In the case of losing 4/5 trades, that's a perfectly reasonable kill switch, but the response to walk away may not be the right response. Consider that all 5 trades objectively met all criteria for a good trade and you happen to lose 4 times. A sixth trade comes along that matches objectively to all the criteria for a good trade... should you trade or walk away? While there could technically be some correlation between all the trades, we probably should consider them as separate so the probability of the next trade going bad does not depend on the first 5 trade outcomes (I'm relatively new to trading so maybe there is more correlation than I realize!). What may need to change is the bet to keep inline with your risk management strategy. In poker this may be dropping down from a 5/10 game to a 2/5 game, but if the tables are full of fish, it's the right thing to do to continue playing. Same way that if I make early money playing against highly skilled players does not mean I should stay and play longer, I should walk away! For trading, it may just mean we have to lower the trade size unless our bankroll had sufficient buffer to take the 4 losses, then no need to reduce even! Just like if you made money on 3 trades that had a terrible setup and you had no businesses trading them, doesn't mean you were doing the right thing. All of this assumes you're able to emotionally take the losses and keep making clear decisions so the other thing the kill switch may need to trigger is that objective double check and possibly even pulling someone else in to make sure you're not wearing blinders. In a poker tournament, for example, you can't just walk away after some bad beats. You have to acknowledge that things happen and that sticking to your strategy will work out in the end. With trading, if you wait for trades that meet your criteria and trade them per your strategy every time, it shouldn't matter how many losses in a day or $ in a day as long as it's within your risk management strategy for trade sizes. If you knew 10 great trade setups were going to happen today, I'm sure you'd want to trade all 10 as your starting criteria going into the day!

[@Ungranitodefe]

Your content is extremely fruitful. Thank you for everything you do.

[@stephenguinn6007]

The movie Meru illustrates having to turn around before the summit perfectly and is a great watch. Great video with sensible advice, thanks.

[@ZMukasa]

Great advice, thanks again!

[@fpl_bailey]

8:43 - 9:02 what was said there is so true for majority of novice traders including myself when starting out... When 1 trade have that much power then it's only a matter of time before it's game over.

[@RustyKochis]

Like the Berd trimmed.Looks good

[@DomChavez-rq1xt]

Thanks Ross. Needed to hear this.

[@SF-fb6lv]

Isn't it more about knowing when to take a break, or when to slow down a bit (rather than quit)? For me, if I'm having trouble with getting too tilted, I just get smaller and smaller. The thing is, though, a certain amount of ego is attached to just 'winning' in general, so, too a degree, even if I am trading super small, losing can still be very difficult to handle emotionally. I love the maple syrup thing!

[@eduardopolo6162]

This some very critical thinking, great job on this video Just what I needed to hear

[@fabioferreira8391]

Great video, What a lesson. And there are so many we can learn!! thanks

[@richardlaporte2913]

I feel the same way every time I get in a stock it goes red. Almost like their watching list. The funny part is who's watching me.

[@leopard24]

I feel this as well.

[@raymondkelly5268]

I feel like that also, how do they know? I'm currently studying shorting and market movers who all seem to know when that happens but how?@@leopard24

[@temporaryname8905]

Yes trading is like life you have to show up! Even if it seems nothing is going on. Act like anything could happen any minute, keep showing up for work, keep grooming yourself and showering, keep yourself in shape, stay ready! STAY READY! Otherwise you may miss out on the love of your life, your dream job, or a big windfall.

[@mxyzptlk1616]

I just had my worst day of trading so far. I'm hurting bad rn. I needed this

[@user-ld3gu5rl4k]

Have to love Ross just cause hes a cool guy

[@Space_Cowboy777]

This is appropriate. I said id quit when i lost 1k. Dropped down to -1008 today. Might be time to call it

[@StrayWard1]

Last year my win rate was about 52%. So far this year it is 28%. I've been seriously trading for 3 years now and can't get profitable so I was about to give up this year. But I looked back on my trades and decided to have more discipline and to ONLY trade the 1 setup that I know is profitable for me. So far in the past few weeks I haven't taken a single trade because that setup just hasn't formed. So I guess I'll only be placing trades on 28% of the available trading days this year. But I'm still showing up for 100% of the days.

[@infinitelyllc]

Smart, being selective. I miss out alot by not trading myself.

[@tayronachan]

@8:50 "because they get so stubborn." or said another way "this trade has to work!" or "i know I'm right! It's going to come back." Yea, screw that. I cut it, pick up the pieces, and walk away for an hour or however long it takes to get over it.

[@alimonytony]

I’m always sad when a trade stops out. Up or down, because that mentality infers that I was wrong.

[@jalilvezirov314]

Thank you Ross 👍🏻

[@voice_cope_art]

@16:10 Ross, you really have a unique perspective on this situation, meaning that you might not hit your goals but you're still profitable...other traders are losing money every single day in this market, so for them it makes a lot of sense to quit, at least until the market turns around

[@lamarfwm1039]

a great reference and reminder

[@mickmouse92]

I am pretty smart but am I emotionally smart enough to trade?! 9 of the 10 lessons are about controlling your emotions!

[@infinitelyllc]

❤ Not walking away. Not breaking my rules...not breaking Ross' rules very often.

[@richardlaporte2913]

Hindsight is easier than foresight It's easier to look at it. After went on a run and said I should have stayed in.

[@infinitelyllc]

With much experience loosing ( or winning, yeah right) many trades in the simulator; hindsight becomes a type of intuition called foresight!

[@itsohk9870]

2k start of February, down -$750 end of February… annoyed enough to give up

[@leopard24]

I started with 1100. Down to 320 now. I'm learning more though. I'm not giving up yet.

[@catbishop206]

Hang in there, the market will warm up again!

[@habangolf]

Thanks Champ 🏆 I appreciate these types of videos. I still remember the one when you were on your boat 🚢 and the reflections on the tennis court. good stuff bro 💪

[@cedriccasher9683]

always love your videos

[@ATLJB86]

Nice video Ross!

[@SmithBorja-c3o]

I share your frustration. Started in December and made $15K over 3 months. Lost all $15K last week before I stopped trading for the month of FEB to reset. LUNR went down $3 a share on the friggin day after they LANDED ON THE MOON. How can there be BETTER news than that? The stock market makes NO SENSE. Ugghhh.

[@Dejan_23Unlimited]

Thanks for recommending the book *for my friends _ but it's not for me. NEVER EVER GIVE UP *Think like a Champion...

[@northwesterncanopydevelopment]

Must bring your stick when climbing to the top... the real reward is the ride down if you know where to drop in...

[@Jjgisking500]

I don't know how to trade I'm a new to this

[@dayinthegrind688]

Watching after being caught in that VANI halt going down

[@IDONTQUIT1111]

I got lucky and sold before the halt

[@tmagan2012]

got hammered on this one

[@dayinthegrind688]

Me too lost 3x max loss for the day@@tmagan2012

[@dayinthegrind688]

@@IDONTQUIT1111 This is part of the reason I'm considering just focusing on my long term and funding it monthly. Even with strategy's. I just feel like I'm personally gambling. It's no longer strategic.

[@Max_Ivanov_Pro]

Great video! 🔥

[@keithganley7011]

I just keep losing. But I refuse to give up. Someday I'll get it.

[@infinitelyllc]

Perfect, except a wise man makes all his big losses in the simulator... just sayin. 🫠💚

[@IDONTQUIT1111]

Easily said about the sim. Lol

[@robithevampire]

same goes here I keep on losing. BUT WE WILL NEVER QUIT.

[@infinitelyllc]

@@IDONTQUIT1111 I trade in the sim and in really small and teeny accounts because yeah... life's rough.

[@RALLIR]

Great video about quitting at the right time perhaps next time you record without the distraction🤣 i was dying watching you start and stop with the chains, jokes aside though i do appreciate you feeling the need to mKe a video and stopping what your doing to push your thoughts out into the world hoping your day goes well (from an unprofitable guy up in canada )

[@chance2302]

Interesting topic as the live class is today.

[@infinitelyllc]

is it?

[@JosephFultz-v7d]

I never quit is my problem but usually makes me success

[@TramTran-qz7cg]

love this guy!

[@gurijalaram]

I was ex-student of warrior trading, quit trading with 2 times account blew up. I decided to quit on real money. this video is making to get back to atleast start paper trading..

[@scooner67]

Everything you are saying is like reviewing my trading day!! It was an atrocious day of violating all my trading principles and strategy. But tomorrow is another day! No surrender! It all begins with me not the market! Any market can be traded successfully as long as you control your emotions and don't force it.

[@AlbertHoffman-mb6tv]

Did you have to do an email / survey to attend the class?

[@infinitelyllc]

yes

[@TheLostODST]

@DaytradeWarrior Hi Ross, you're a multi-millionaire, and you are still trading. Just a personal question if you dont mind. Why do you continue? Don't you ever have enough? Do you have the dragon sickness? Is it part of trading, or is it personal? Maybe it's worth a video. Cheers.

[@tbrinkley112]

I have the 5X4 Gator.

[@AlexNertik]

Thanks Ross

[@Six6Fit]

Definitely thinking about quitting after this morning of sim trading where all my TOS market and limit orders were getting filled at prices the chart hadn’t seen or was nowhere near 😩

[@AlbertHoffman-mb6tv]

Hey man..! Just checking does the top left-hand corner of your screen say delay data?

[@Six6Fit]

@@AlbertHoffman-mb6tv I just stepped away from setup to store but I think it should say delayed. If I’m not mistaken, sim is 10 minutes behind current time.

[@AlbertHoffman-mb6tv]

Yes I believe 20 min behind but that's why when you take a trade it's not filling where the price action actually is.

[@Six6Fit]

@@AlbertHoffman-mb6tv so your basically saying when trading on sim it’ll actually fill the orders based on the real price action and not the sim charts price action? That seems like it defeats the purpose of even practicing on sim 😩😂 Thanks for helping me figure this out. I might as well just practice on real account with low contract size.

[@Funkatasticproductions]

I'm really happy I found this video. I have been having a hard time stopping and taking profits. I gave some profits back from this week yesterday. Today I almost had the same problems but I took my profits and got out. Even though it had a little bit more movement in the up side. I show discipline today which I am proud of and saw the market wasn't too great for me and how I am trying to trade. 👍 Thank you Ross for teaching us.

[@dougdavis3207]

I’m just starting to learn to trade but living on the west coast makes it hard to catch these runners. By the time I see them there usually already doing there thing. I do construction and start work at 7am so don’t give me much time. In the morning

[@brcbya]

Your dog is so cute 🤩

[@tonyrichmond9428]

Thoughtful food there. You need a high degree of stick-to-it-iveness to learn proper daytrading, but that inclination to buckle down and grind can keep you in losing trades?

[@yolandawilliams3767]

I love your videos!! U R AWESOME!!! Im a nurse and Im very interested in Day Trading. Im willing 2 learn. I just need a liitle help getting started and understanding the concepts. I really appreciate u taking the time with people like me who have no clue of trading educating us to become successful!!!!!

[@AlbertHoffman-mb6tv]

I think last year a lot of people took breaks I did.. I think that's just part of recognizing where the market cycle was and I came back in this year with a good attitude but I feel like since March of last year since those Banks crashed that it was terrible all year

[@northwesterncanopydevelopment]

storm is brewing gear up the DEERE

[@fabioferreira8391]

And IFBD declined 89% to around 1.00 from 8.90 and the news dont make mention of it. And now its going back up again? Who knows what all of this is about!!. I love the stock market, We just dont know how to make money on it!!! And as the old saying goes; its fear and greed!!

[@Heroes_in_plastic]

I find it helpful to not think of goals or money , especially large amounts of money in returns , instead i just focus on my targets on the chart , so i feel less emotional and feel less of an illusion about being a millionaire in one trade

[@Heroes_in_plastic]

I feel most excited just being right on the trade at the moment , be it … 10% to %25 is amazing for me more than happy … the average banks return .04% per year !!! So be grateful for each right trade u take profits even if its small

[@dragonred23ful]

I just lost 1.4k on VANI today at market open should’ve never traded a third pullback but I will still keep going can’t ever quit this is a lesson learned

[@Faizomusicman]

Yeah I hear you

[@verilucis]

Thanks!

[@jeremyspanski2957]

So should I even start? Second recent video where you mention a choppy or iffy market. Probably not a good time to dive in and try to learn anything if it's beating the pros up?

[@garouthetiktokinfluencerhu9731]

Most people fail at changing their diet if they’re overweight. Most alcoholics fail to overcome their addiction. Same with chain smokers. It’s simple probability. The odds aren’t in your favor but there’s other factors that come into play

[@garouthetiktokinfluencerhu9731]

Most people fail at changing their diet if they’re overweight. Most alcoholics fail to overcome their addiction. Same with chain smokers. It’s simple probability. The odds aren’t in your favor but there’s other factors that come into play

[@MusicHead480]

I should probably quit, I've lost a lot of money over the last 3 years. But I still have a belief I can do this. I was profitable for 4 months in a row last year but my strategy seem to stop working. And now im losing most trades and having a lot of big losses. I should quit but that feels terrible to quit now

[@SundaeTotten]

I’ve been trading for 3 years on/off. The last few months I was ending each week in the green. The last two weeks have been horrible for me, I lost 3/4 of the profits I made the previous month. It seems like every time I think I’ve got a handle on it, I either completely lose my mind or the market shifts and it’s like I know nothing! Lol

[@macphistorules]

Haha market is so good at psyching people out eh. Paper trade paper trade till continuous success. Then put real money. IMO.

[@christiansgathering4408]

pleasw do some live trading

[@Abrahamnatour]

I think you will be a great poker player

[@461oceanboulevard]

+150k over 4 days, what were your largest -ve days/$. thanks for sharing.

[@Bodiesification]

Hi, this is true?

[@chinothedreamgiver1629]

A thousand a day or even seven hundred is fantastic if it’s green.. average person only makes $700/800 weekly employed.

[@caughtinthevoidfloyd5821]

Nice gator!

[@Jdgarcia19866]

I needed to hear this Ross, man i feal like an idiot on $VANI had the right idea wron timing and just scalped and ended up red with 65 tickets on it... gave back my month of profits on this just trying to get green on it

[@FFFF-td2hl]

I lost all my money today for not having dicipline, chasing extended stock

[@Block-Builders-HQ]

scout?

[@Delt888]

😊😊😊😊😊😊just do it

[@infinitelyllc]

but in the sim...

[@brianloerke5614]

Kenny rogers did a popular song about this😅

[@Denner777]

Cold? But just the other day I thought he said we're currently in a hot market, there's even going to be a class

[@dinkywinky2860]

changes by the week. Earnings season is about over, CPI and other data will be coming out soon, people are waiting after such a crazy week last week. When you are day trading the market changes from your perspective day by day. Even tho the market as a whole is trending up pretty hard lately this week is a bit of a lull in the action. It can be hot for days or weeks at a time and then all of the sudden some random tuesday people just stop making moves for whatever reason.

[@justinbeale1837]

Don’t build the Pedestal if you can’t train the monkey. The hardest part of trading isn’t only did ding a strategy, it’s also trusting it.

[@justinbeale1837]

Finding a strategy**

[@mattc5268]

Now put away those chains n get back to trading lol

[@entrepreneurialhacks]

Better I read the book. Thanks horrible videos too much noise

[@slydon75]

❤🐶

[@dwaynemills7862]

saying $700 to $1000 a day is meh..... LOL

[@JosephFultz-v7d]

I never quit is my problem but usually makes me success