How Day Traders Handle The Losses - A Loss with Ross

[@barbielocs0074]

When I lose a trade or 2 I just stop trading for the day. Live to trade another day. Accept the loss and move on

[@yurtttt9458]

@noor alansari 2-5 I would say

[@triplea9911]

@noor alansari no more than 2

[@martinaasen8440]

@noor alansari its easy to quit trading after 1 good trade. And its hard to quit trading after 1 bad loss

[@DontPushTheSnoozeButton]

"Maybe you mix them all together, see where that lands you" LMFAO

[@AGbadlandz]

LMFAO😂

[@wconradjr]

In Long Island iced tea land….😁

[@lovelife1ist]

THE BEST TRADING ADVICE I HAVE EVER HEARD ABOUT TRADING ( No one wins everyday) # REAL TRADERS

[@unicorp5417]

Very important in the trading world to know that losing is not a big deal, its part of the job

[@Nico_F]

hello darkness my old friend

[@Tungadunger]

Blue on blue, heartache on heartache.

[@Krogzaxants]

love that song! Disturbed

[@agnetubeagne5449]

3x

[@valentindobchev6005]

I have come to talk to you again…….

[@wconradjr]

Disturbed wasn’t the original.

[@manigta]

at least your legit most act like they never lose.

[@vanscoyoc]

I don't take losses. I just take a break, wait for the next setup and get your money back. Keep your losses small.

[@alessandro61224]

Wtf does that mean you dont take losses??? Hahahaha

[@adityavikas7312]

@@alessandro61224 cut short your Losses

[@productivityjedi758]

@@adityavikas7312 Yeah until you get hit by a -8% percent move in 1 minute making your SL useless

[@azactor]

So not even 4 years ago, Ross is up $157k in the 9 months of the year. Here it is less than 4 years later and Ross made $132k in ONE DAY!!! Absolute stellar progression over the years!!!!!

[@DaytradeWarrior]

It feel's great, thanks for checking out this old video!

[@392Robbb]

even further now! another 4!

[@carlossanchezsydney]

I am so glad I am learning from a real pro 🏋️‍♀️🎉

[@TheArtOfTrading]

Excellent stuff man, thanks for this. Real talk. Journaling every single trade is key. If there's a lesson there, then the loss wasn't a waste of money. It's just tuition.

[@drewgibson4233]

I for real re-watch this video every time I take a loss and get frustrated it always makes me feel better and puts me back in the right state of mind. Thanks so much for this Ross!

[@TwistrJO]

How you doing now?

[@Bubby91]

you are fucking gold lol. Not only do you highlight and give tips on trading, but you could have a trading comedy skit show lol.... thanks for this Ross.

[@nextleveltrading3163]

ha ha

[@bobpeterson9207]

Agree, I think that is most traders downfall. Not knowing when to cut losses and call it a day.

[@futbolistayoungster5026]

Can u do a video telling us how u ended up being a day trader and what inspired you?

[@TravelsWithPK]

emotions come when we loose trade, when you not put stop loss and loss is very much big that throws your 90% of your account all this failure only overcome after you when you improve your mistakes one by one and you win yourself with discipline day trading path is very much painful without mentor I am one of them without mentor.now I am disciplined,rule based strategy with sharp discipline,strict stop loss thx for sharing bro

[@hardknocks.school]

I'm not part of your group but I am a Trader. Thx for the good video about the real side of crappy days. We all have them, good job...

[@DaytradeWarrior]

Thanks @Travis!!

[@MausTanker]

"some whiskey some gin some vodka... Maybe you mix them all together" Ross youre a madman

[@markg999]

I agree you cant trade with your emotions, you need to trade like your a machine.

[@DaytradeWarrior]

That's right! You have to be the machine!

[@naevaarnould6835]

emotions are necessary that's why automatic trading dont work

[@naevaarnould6835]

or work less

[@schrodingerscat3912]

but automatic trading do work

[@Suplen]

Automatic trading actually do work even better. They stick to the strategy and execute it always.

[@MGScheu]

I think watching the first minute of this video is my new way too deal with red days

[@DaytradeWarrior]

👍

[@readysetfutures1862]

Take the losses with grace - easier said than done. Awesome intro!

[@Sharon-kr1ui]

Hilarious, I'm one of your students. This makes me howl and worry at the same time xxx You're humor tickles me.

[@DaytradeWarrior]

I ate a lot of ice cream in my early days of trading. 👍😂

[@HobbyZobby]

Took 16 days to build %60 on my account and lost it all in a day today! Avraged in a loosing trade didn’t cut my losses early

[@DaytradeWarrior]

👍🤓

[@80guitarguy82]

This was therapeutic. Like the statement that good traders know how to lose. Must put in a hard stop I keep telling myself.

[@sfm9]

Thanks a lot for your vid. After many years of investing in stocks I discovered that the most importend thing to know is how you handle losses. Losses will happen and we have to deal with them.

[@DaytradeWarrior]

That's very true!

[@MatthewDufour]

I've known you're a great teacher, but had no idea about your skit comedy skills. LMAO keep it up Ross and warriors

[@josephthompson5675]

LOL Ross the intro was very funny. #who cries in glasses?

[@rhondaparker170]

That's it. I now have permission to raid the holiday stash of champagne early! Lost $49 total - except that I would have made $888, but loss ate up my profits. Small potatoes to some of you, I know, but this was my first "big" one and I did cry. BUT - I then promptly got on my DD, made my swing-trade list for tomorrow, my watchlist for my one DT left for the week. Back on the horse. I want to add that the emotion actually came from the fact that I didn't do it to myself. Right at 10:10 a.m., as my well-chosen stocks began to rise bigly, with one climbing to HOD of $24+. My entry - a tasty $3.98. But just then, my elderly mom called. She had fallen. she lives three doors down. I didn't even put my shoes on, but did grab the phone with my trading apps. By the time I determined she was unhurt and had her secure in her lift chair, what would have been my wonder trade had careened down to $12.50. My others had hit their HODS and were scooting down. At least they were salvaged quickly and sold at some profit. This covered the loss and Mom is okay, so I have had to remind myself of what is important. I guess its okay to lick your wounds, but like guru Ross has said, losing is part of the game. We must be ever-learning and not let any job take over our life. Blessings, and thank you Ross for your helpful FREE videos. They have been a huge help for me to learn the basics.

[@atibalaroche2846]

LMFAO The most respected trader, you're the best bro....really good funny video

[@Xeneon341]

Haha it's great to see Ross taking losses with humor and honesty. Thanks for being a great teacher. "A.J. Tho" here

[@giannigeestestpage2792]

The best intro EVERRRR!!! 😂😂😂 I needed this laugh after reading 2 trading books!!! I’m getting my mindset on track before I go live. I used to feel so much pain when I started demo lol although it’s not real money, I got the sensations of what it’s like to lose but gaining a better perspective of how to view wins & losses and journaling! Great video Ross!

[@DaytradeWarrior]

Thanks a lot Gianna!

[@Berserk1Manga]

Ben and Jerry's ice cream fixes lots of different heartaches 🤣

[@DaytradeWarrior]

Yes it does!

[@ishineallah4987]

Peace, I've watched a lot of your videos and have to say videos like this mean the most to me as a new trader. We can learn all the candle patterns, price action changes and risk management, however, losses are the keys to the pit of ruin. Hopefully most traders have a support system but when it comes down to it, we/I feel alone since its just me vs the market. So, the psychology of trading is so deep, more than I thought, the transition from daily worker comparison you made is on the money. Without being to verbose, just know that people like yourself insure entrepreneurial depth in the market. Appreciated

[@drunkmexican814]

In comparison to everyone else that day trades over 10k I am pretty small time. I am 21 trading with 1.7k with biggest loss being 600. Getting back into the game has been very difficult for me but just your tone and choice of words makes everything better, i really appreciate you making this video. Subbed and gonna watch some of your other videos hoping I can learn more from you.

[@DaytradeWarrior]

I'm happy I can help! Thank you for subscribing!

[@henrythegreatamerican8136]

My biggest loss was $3600 in one day trading gold. Starting this Monday I'm going to start trading the dollar index. I've been practicing all week and gained small profits trading one share as I became better at recognizing trends instead of minute to minute swings. The only problem with the dollar index is you only earn $5.00 per successful trade. But once you factor in the fees, that's reduced to a profit of only $1.50!!! The fees total $3.50 for a complete buy and sell cycle ($2.40 goes to the stock exchange and $1.10 for broker fees).

[@EricLangdon-c7x]

I just curl up in a ball and cry for a while feeling sorry for myself, eventually I get back on my feet and stumble to my bed and sleep for a few hours only to wake up to voicemails of my bosses asking me where I am and how come I didn’t call in to work and I tell them my alarm didn’t work

[@angela5030]

Hilarious good acting! LOL! I'm saving this clip, so that I can rewatch it on loss days while enjoying my "sorrow vittles" Thanks for the humor Ross and for being an awesome inspiration.

[@DaytradeWarrior]

Hahahah! You're welcome AR!

[@paulharley2140]

I'm in actual tears watching this 😂😂 the 1st 60 seconds of this video is brilliant lol

[@DaytradeWarrior]

lol glad you enjoyed!

[@makegainz8395]

Horrible day today , thanks for the video . Gave me hope

[@jholland3529]

Aside from being a great trader, you are incredible entertaining. I love being a member of the chat room!

[@DaytradeWarrior]

Thanks J! See you in chat!

[@ElChuntyCabra]

I lost $12 today 😭 but that intro brought me so much joy lol

[@spektrumtrader7328]

This is the best discussion about loss I've heard. Great job!

[@ghostpeppered4524]

LOL Ross that intro is golden still. You gotta rerun some of this content. Many people since 2016 likely haven't had the pleasure of seeing it. Could be the intro to Trader Rehab playlist.

[@DaytradeWarrior]

👍🤓

[@rolandmorales7609]

Great video and advice! Lost my tuckas today in BTC , I just realized my worst trades are in the mornings. Thank you!

[@squareknowledge3153]

Anticipated pain can only be managed by proper money management

[@manshadow513]

I got a big loss while other people have gain today. good to have your channel here

[@DaytradeWarrior]

Thank you!

[@invitematerial7576]

Just ended the day red. This video is what my emotions are dead on.

[@rodneyestrada5457]

Hilarious skit, even better advice! Subscribed! I've had some losses in this "red market" recently. I will not quit!

[@christianevans3357]

Great content as always! Keep it coming! :)

[@LuisSanchez-dc2zp]

I just loss the equivalent to one Green Day on my small day trading account. It’s kinda hard to deal with. Thanks for the video, it’s comforting to know it happens to the best of the best too.

[@DaytradeWarrior]

You're welcome Luis!

[@morganyork4628]

you sound really defeated, LOL. We can feel your pain dude

[@markomonstar4526]

Hey there cutiepie

[@mookytude8540]

Sir if I may ask. How much money did you start off with? And what would you say to start with?

[@Laza_Plavi]

Hey @Ross do You still have free doc. Example for download?i can't find it now on site.Thanks :)

[@DaytradeWarrior]

hey! I have some, register to this class here: warriortrading.com/free-day-trading-class/

[@Laza_Plavi]

@@DaytradeWarrior I just registred.You will tell on webinar for doc. example's ?

[@ThetacticaltraderBlogspot]

Bahahahahahahahaha!!!!!!!!!! eating the ice-cream with a the pillow. I like what your doing with the latest videos.

[@DaytradeWarrior]

Thanks!!!

[@coleycole2nite]

Was up $500, & my order didn’t fill fast enough on another gain, and I went to negative 200. Instead of getting out I held it in hopes it would go back up, I’m now 4k in the hole on what should have been a $200 loss. Definitely felt some depression today. This video helped me feel a little better. Altho I still am holding the stock and unsure what to do now. 😞

[@DaytradeWarrior]

Oh I'm sorry to hear about your red day. I definitely know how you feel, I've had some pretty big red days in my trading career.

[@Dolomite141]

Party at Ross's place ... Snacks, dessert, movies and booze. Whoohoo ... all kidding aside, great video(s) Warrior!

[@askchrishetrades]

LOL Yup very true. Had a killer day on Monday trading UVXY, and gave back 2x what I made in the past two days on UVXY. I'm done trading that crap. I've been feeling like that past two days, two big red days back to back because this 3x garbage ETF. Thanks for the video just watching the beginning now.

[@ihavenoname4651]

It has taken roughly 18 months to get rid of the emotion when trading for me. It was painful, like a permanent itch I remember given to me my teenage first love, the bitch, I needed ointment for that though !! It can be the best and the worst of times, but, to be honest now I don't really think of it so much now after a few losses. I trade alternate days and spend more time researching and testing than actually trading. Getting to my first 100k was a good time and I wanted to spend it all, but I've become a tight wad with money more than ever ! I actually bought a ten year old car the other day, a Honda Accord with 100k on the clock , mainly because I can fix it myself lol.

[@T07N]

where are the daily recaps videos?! i miss watching those

[@DaytradeWarrior]

They are coming back!

[@khalidalialghamdi]

I tired option express but I dont know if they are trading penny stock and if they have a platform to download?

[@Enlightautomotive]

hahaha! This man speaks the truth!

[@fabritziosantana3091]

Very good advice, loved the video! Made me feel better about today’s trades, a very red day.

[@DaytradeWarrior]

Thanks Fabritzio!

[@BrokeAgain]

Here again due to red day... Green already for the first 45 mins but gave it all back and red from fomo and revenge trading...

[@DaytradeWarrior]

Sorry to hear that!

[@JJ-rd2ef]

first day daytrading and lost $200.

[@d12xchewbacca]

what you trade ?? where u get in @

[@feo130]

Because day trading is mostly speculation. Look into value investing and you'll have way better success.

[@RenaissanceBoss]

No worries Dave. This can be frustrating.. In the meantime focus on the process not the results. Consider the loss a tuition fee you pay to the markets to learn. Remember you can make a loss even in your best set ups. Have a proper risk management in place. In fact always plan how much you're willing to lose in a trade before setting your target win. Greed kills and so does fear. Plan your trade and trade your plan. that's the balancer..

[@JJ-rd2ef]

I traded NETE, got in at 1.53, was up a $100 but my broker is too slow so I am think about upgrading my platform to use hot keys.

[@feo130]

What are your track records guys? Not asking to call you out, I'm genuinely curious. Please no embellishing so we can have a fair baseline to judge performance based on trading technicals.

[@bhupendraghanghoriya7263]

Thanks Man! it was just the perfect guidance i was looking for.

[@jeremybass2262]

Ross is a righteous dude! He's an amazing guy and an amazing teacher!

[@DaytradeWarrior]

Thanks for the feedback!

[@jan_p2300]

Really enjoyed 'acting' Ross in the intro, put a smile on my face. Think we all been in one of those 'loss modes'.Also tks. for all the great content, and educational information. Keep it up Boss Ross, hat off for all Your donations of Your Thankfull thursday Profits.

[@DaytradeWarrior]

Thanks for watching!

[@MatthewWalker_93_]

great analogy.. the race car.... as I sometimes say to myself after a bad trade,..."Sir, please step away from the vehicle."

[@harlem6365]

I'm a beginning trader. After a really bad day I decided to try and lift myself up emotionally by trying to make a little profit daytrading. Ended up breaking literally every rule in my strategy book and taking a loss. I feel like punching myself because I could have easily easily prevented this if I stuck to my routine ffs. I don't want to trade again with this still bothering me cus its gonna end up bad again.

[@DaytradeWarrior]

👍🤓

[@amazighforever9056]

Thank you Ross. This is so funny! We need to see more videos like this.

[@LikeZO]

0:12 You should look into getting a universal remote. Makes life easier when you are down :D

[@Fp2pYungHeem]

man I needed to hear this I can make thousands but when I lose I lose big...understanding to accept the loses and keep them small I know this will dramatically change my trading career thanks so much man truly!

[@DaytradeWarrior]

Awesome Raheem! Keep it up!

[@oooohsnaaaap]

Watching this video is such a good way to ease the pain. Thanks, Ross.

[@DaytradeWarrior]

Yeah I know exactly how you feel.

[@eliepl9]

Thank you ! I need video like this when I have bad days. That was helpful for me :) I hope with more experience this bad feeling will become natural.

[@Bad4Good2]

It’s 2AM and I just got done trading in the sim (on demand feature on Ameritrade) made $480 on DRAD with 500 shares and then watched your recap from the other day on it (traded it prior to knowing how it performed) I do this every couple days they update it, I just look at the thumbnails of your videos or take a quick look to see what was on the gapper list for that day and trade it blindly and record the trades now in OBS then play them back and analyze how I did. I went live last year in June and gained 54% in one day of trading then 20% on another and then some small trades here and there under the PDT rule... life hit and I had to withdrawal the money from the account and get out of a situation with an ex girlfriend... anyways I’m going to be funding the account outside of the PDT rule this time with CMEG and I really think it’s going to work this time. I grind every day, I wake up, watch the live stream, go to my 9 to 5, get home, door dash and then sim trade with the play back feature and after I do that I do what I’m doing now and that’s going through all of the videos you’ve ever posted on here. I’ve gone through a lot in my short 23 years of life and I want to thank you Ross for inspiring me to do this and helping me stay motivated, I will not give up on this until I make this my full time career.

[@DaytradeWarrior]

Thanks for sharing, that's awesome bad4good2. Keep grinding!

[@syedsohail6878]

If you don’t mind which brokerage do you use ? I use ameritrade they don’t have daily stop limit ?

[@DaytradeWarrior]

Lightspeed: www.warriortrading.com/lightspeed-trading-review/

[@OptionsForSale]

I’m so sorry for everyone who’s here.

[@DaytradeWarrior]

The losing periods can teach you the most!

[@tommyvdk3901]

thanx alot man ! have a realy bad day ! how do you handle fault from the trading platform ? stoploss didn't work

[@DaytradeWarrior]

That's rough. Not a whole lot you can do if the price blows past a stop and doesn't fill other than to keep doing what you can to get out of the position.

[@tommyvdk3901]

thanx foryour response sir appreciated alot ;) my stoploss problem was different

[@tommyvdk3901]

after trading for my first 4 months coming from 0.2 btc to 1 btc ! i took a break on 24th for christmas and take 3 day of to spend time with the family and gf so i put my stoploss on bittrex less then or equal to 6000$ and its sold al my btc for 12k! even though it never whent below 10 k .

[@afghanrebel]

lmaooooooooooooooooooooooo, loved every single moment. gonna rewatch the front part noor

[@charlesparenteau9256]

I did watch almost all your videos multiple times and one thing I have to say is that you are a very good mentor.

[@somebody1509]

Ross I laugh SOOOOO hard !!! you are so cool

[@gonztastic]

LOL! "Why did I lose so much money today?" Be well, all.

[@JuliaJulia-iv1uc]

So then its safe to say that its not a good idea to switch from a graphic design career The market of which Is super frustrating, to daytrading just to pursue happiness. Right?

[@DaytradeWarrior]

Hey Julia, Well you don't have to switch, you could easily work as a graphic designer and learn how to day trade in your free time.

[@JuliaJulia-iv1uc]

Thanks for replying. What i meant was, if i am frustrated with graphic design as a trader would be frustrated with a "bad Day". Then i should reflect upon why im frustrated with graphic design orders first? However your comment answers my other question under a other video, where i asked if i can open 1 or 2 trades on one laptop and mean while do graphic design on The second laptop. Thanks. Planning on signing up for your courses in about 2-3 months.

[@ace-dj1dm]

losing is worst on fridays because you have the whole weekend to wait

[@DaytradeWarrior]

Seriously!

[@Vigoonline]

Well done Ross.😂If everything fails, you can be a movie star.

[@alexandrec.2920]

Glad I found your channel! subbed

[@gkbranson2310]

Question. How do you deal with the sell too early. I understand now after 6+ months live that a guy can not take $250-400 when the trade had another $500-1000 to give. Winning $250+ a trade is great but we all know the losers add up fast and most of the time are larger than the $250-500

[@jenswerner2819]

Another brilliant video. Thanks for producing these, Ross.

[@samills70]

was totes magoats this guy today on the floor. wow first time in a long time trading actual money and made a 20 cent loss on a total random crap trade. I'm glad I made it to get me in the game because i've been staggering but when i solidified the loss yowsers, serious dark cloud over me... sure felt like a drink :) but tomorrows another day. scaling right down on size for 2 weeks while i learn my damn lesson!!! :) good lucky y'all.

[@Naked_Snake]

Hey Ross, I have a question. What's the best free site you know where I can get real-time volume info?

[@andreyvasilyev8547]

I imagine esignal has a chart for it or you could just watch level2

[@warriortradingofficial]

think or swim has a great free platform

[@Naked_Snake]

Warrior Trading Sweet that looks pretty good, actually. I'm Canadian, so I'm not sure if I can open one with them. THanks a lot! My goal is to be financially independent trading stocks one day.

[@andresmora3148]

this is golden , I still have a headache on loosing 2400, but I had a laugh on the beginning of this video. thanks Ross

[@DaytradeWarrior]

He Andres, everyone has their own way of coping with losses ;)

[@louiedyer2550]

Hey Ross, I'm a beginner trader, I put my work in to understand the market. Problem I have I want to be a full time trader but I have to trade off my phone while I'm at work. I think this is causing me to be at a loss each day. By the time I get home from work it's a about 4/5 hours into the US (from England btw) do you have any tips that could help me get out this mess? Thank you

[@DaytradeWarrior]

Hey Louie, We recommend learning how to swing trade. Swing trading is when you buy stocks and plan on holding them for days and possibly weeks before selling. www.warriortrading.com/swing-trading/

[@louiedyer2550]

@@DaytradeWarrior thanks Ross, I appreciate the the reply, I've had a read. It's a shame you don't get the leverage with swing trading like you do with day trading.!!

[@derekg-birddog-3032]

What I took from this video: When Ross reports losses, buy up a short term fundamental holding in both Tito's and Ben & Jerry's.

[@DaytradeWarrior]

😂👍

[@shaysotil]

STOP LOSS GUYS! STOP LOSS! you can do well for 2month using stop loss getting them small gains, then one trade that goes the wrong way without a stop loss and youre in for a very very bad ride STOP LOSS and never put more than 20% of your portfolio in one trade, if you short without a stop loss youre in for a very bad time, STOP LOSS ALWAYS

[@DaytradeWarrior]

🤓👍

[@odhiambobel]

I feel you. Last week I was several pips on the red on a USD/CAD (loonie) position. I was very frustrated. I kept asking myself whose was to blame. I kept saying its your fault!! Your the one to blame. I reflected, took a smaller loss with market correction. However I never got back into the market. I'm reloading and will be back next week. The market is the almighty.

[@RegScheepers]

Ross if you're reading this please let me know where I can send questions. Not sure if this is the proper medium. I am very strongly considering buying your course but I am not based in the US so I'm wondering, considering the speed of your trades, whether my distance from US exchanges will have a significant impact. I also have one or two other questions. Much obliged!

[@DaytradeWarrior]

Hey Reg, No it shouldn't have any impact on your trading at all. We have a bunch of Warrior Trading students that live outside you US and trade on the US market everyday.

[@ItsNateWheeler563]

This video is weird man. It's funny though haha love your videos man, love the content!

[@khoil5817]

Hi Ross, would you please tell us which broker that allow traders to set maximum stop loss?

[@DaytradeWarrior]

www.warriortrading.com/the-3-best-online-trading-brokers/

[@khoil5817]

Thanks Ross. I called and got the information I want.

[@harmstonemasambaga3436]

I could really use some mentor-ship right now on taking the right trades. Been on a loosing streak for awhile now and I wanna change that. Thanks Ross Great insights btw

[@50LOT1]

2600? lol that's nothing if you didn't lose 4k and above that's not a lose

[@joedavis3143]

Probably one of the absolute most important trading videos to watch

[@DaytradeWarrior]

Thanks Joe!

[@mikebtrfld1705]

In 18 years driving taxi in Reno my best shift brought in $1,500. Now let's talk about the shifts I didn't make minimum wage. Lost the money gambling anyway.

[@DaytradeWarrior]

Hey Mike, Thanks for reaching out to us! 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. It's free to 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