How to Cut Losers Faster

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#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

[@dripwooper]

This may be the single most important video for me to watch 3-5 times in my learning. Genuinely, this is such an important concept.

[@alnorvick2713]

I have to re-listen to this often, so don't ever remove it. Please. Today I held on WAY too long and lost my whole weeks plus, because of it. Thanks Coach.

[@DaytradeWarrior]

Ive been there I know it!

[@andrewbaird509]

Download it , I have

[@chrisbellomo2763]

Such an important video. It’s a lesson I continually need to re learn.

[@plawson420]

I trade cash only and I have a relatively small account, so I definitely struggle with getting out of losing trades because I can't stand the thought of tying up capital for 2 or 3 days on what turns out to be a losing trade. So the hope is that the stock will rebound, but naturally when it doesn't I end up losing even more on the trade. I need to get out of that mindset! Thanks for the insight!🙂

[@DaytradeWarrior]

Thanks for sharing!

[@josephyin9768]

The best day trading mentor, ever. Great video. Deserve to watch a dozen of times, truly.

[@DaytradeWarrior]

Glad you enjoyed it!

[@MuzamilBhutto]

one thing i learned after a lot of losing streak is! don't panic, trust your strategy try to be consistence.

[@DaytradeWarrior]

Smart!

[@mingy7017]

Hi Ross I find myself very often holding profit too long to make it eventually a loss. Even worse I hold losers long to make it an even bigger loser. I have a hit rate above 50%. Thank you for the episode🎉

[@danaypuebla9411]

Thanks Ross, You are the best, ruthlessly cutting the losers and holding on to winners, The Holy Grail of Trading,😊 Thank you again for everything you do!!!

[@DaytradeWarrior]

You're welcome Danay!

[@trevorm3181]

Your idea to sell half of your position the instant the trade goes negative has been beneficial for me. It basically eliminates any chance of a big loser. But still keeps you in the trade if things turn around and the price shoots off. Thanks for that.

[@DaytradeWarrior]

Yes!

[@jmath-_-317]

I would really like an updated dive into how you decide to cut your losses based off candlesticks and chart data whatever you use to know when ok this isn't just normal fluctuation this is actually the time to dump the stock. I have learned most of my day trading strategy from you and that's what I feel is the biggest hole in my game even after watching all of your videos related to cutting losses. Specific when and why would be extremely helpful

[@jackpeabs]

hey ross its Jack Pea. Just wanted to say i loved this episode and please release the one on holding winners longer!!

[@DaytradeWarrior]

Thank you Jack!

[@tradeswinginvest5831]

Long time Warrior Pro member: this video was awesome, your best ever!

[@DaytradeWarrior]

👍🤓

[@mariosabillon9623]

Thanks for all the information! I have a question what kind of order is the best to get out of the trade quick to cut losses

[@DaytradeWarrior]

Thanks for the comment!

[@Mr_Navil_Campo]

I asked a question today and this video is my answer!! Thank you Ross!! Saving this to my playlist….

[@DaytradeWarrior]

Fantastic!

[@MrSanbonsakura]

How do you get in and out so quick ? you mentioned you are using hot keys ? how do you enter position seize ? thank you for an answer

[@DaytradeWarrior]

Ross has his hotkeys set to 3000 shares, he will just hit that hotkey multiple times to get to his full position size.

[@soso5831]

I really love your videos man, you've helped me a lot

[@DaytradeWarrior]

Glad to hear it!

[@kevinnugent8570]

Great lesson thank you my question is.. what is ctrl Z do is it flatten now, sell at mkt sell at ask? trying to understand the best choice to dump when you see it stalling or may turn south to keep losses small?

[@drl1046]

Thanks Ross, great video; I love the Saab 900 in the background; I sure do miss mine, can't believe they're gone

[@DaytradeWarrior]

Those were great cars!!

[@captainmorgan7seas]

Been waiting for this video and I didn't even know it. Hit at the right time. And the pineapple shirt hitting too Ross 🤪

[@DaytradeWarrior]

🤓👍

[@merinh4409]

Im still paper trading. Yesterday I had my first dark red day. I made 1000 dollars into 7000 (by trading futures) within the week. So yesterday I blew my trades by just doing what you are talking about here: holding the losers in hoping it will go up again. Thanks for this eye opening video!

[@DaytradeWarrior]

Happy to help!

[@ChiefGaryLudwig]

What is your Control Z? Is it sell on the ask, sell on the bid, sell on the market?

[@blinktrading1553]

I've always learned a lot from Ross' videos, BUT, I wish he would say, more often: "I made 15¢ on that trade" instead of saying "I made $32,000.00 on that trade". This would be so much easier to identify with for the average viewer.

[@DaytradeWarrior]

👍🤓

[@sam56094]

I’m not sure why I haven’t subscribed sooner bro, but all your videos make sense . Im a breakeven trader trading 1:2 , at 30 % win rate . See my pro is I tried cutting my losses short twice just to watch it never hit my stop loss and go right into profit . When I attempted this I had drawn 50 % of my stop loss where if it retraced that far back I’d get out. Just didn’t feel good watching it go right in profit . Any idea on this please ?

[@kizarumelon2477]

Thx. Glad to see that my foundation is on point :)

[@DaytradeWarrior]

You're welcome!

[@kizarumelon2477]

@@DaytradeWarrior hey the reality for me is that the gains are really quite small :/ in terms of time. swing trade has made me more money and $15 per hour even pays more than day trading. thats even if u trade with a 10k account

[@enxxmp]

I set up my stream deck with hotkeys for this and for buying, selling, etc.

[@slapthatask3674]

Great stuff as always, Ross!

[@DaytradeWarrior]

Thank you!

[@slydon75]

Thank you for the lesson!

[@DaytradeWarrior]

You're welcome!

[@nomad7653]

great video, thanks man!

[@DaytradeWarrior]

You're welcome Tommy!

[@felixcarrasco4422]

Hey so is there really and sweet time for trading? Or is it optional for the morning ,afternoon, midnight?

[@DaytradeWarrior]

The optimal time depends entirely on your strategy. Ross's strategy works extremely well in the premarket.

[@jbo2607]

As always, you are giving great info and insights. I ❤ it!

[@DaytradeWarrior]

Happy to help!

[@limitedtime5471]

Your videos are always right on time for what I'm dealing with 😄

[@DaytradeWarrior]

👍🤓

[@sunnylew1811]

Great info, this is very helpful. Thank you!!!

[@DaytradeWarrior]

You bet!

[@IrineChilande]

which campany can i start trading with

[@estebanfalcon9046]

Thank you Ross!

[@DaytradeWarrior]

You're welcome Esteban!

[@enyol]

question my broker have the option to close market and limir order wich one do recomend me to close better ?

[@DaytradeWarrior]

Enyol, Ross uses limit orders when he trades, you can learn more here: www.warriortrading.com/day-trading/

[@Dalio906]

Thank you

[@DaytradeWarrior]

You're welcome Haley!

[@tandysrvs2796]

When you run a hot key on a bid is that considering a market buy order? Dont you get get filled in a bad spot on market orders if its limit how do you set a price in time ?

[@DaytradeWarrior]

Ross will offset the order with a limit price .05 cents below the bid, this will make sure he doesn't a super bad fill.

[@Breedingbirds]

Can you please tell me what program do you use to do daily trading thank you

[@DaytradeWarrior]

Ross uses Lightspeed for his broker and eSignal for charting. He also uses our Warrior Trading scanners, which are available to all of our members. You can learn more about them below: Lightspeed: www.warriortrading.com/lightspeed-trading-review/ eSignal: www.warriortrading.com/esignal-review/ Warrior Trading Scanners: www.warriortrading.com/scanners/

[@Breedingbirds]

Thank you

[@simranjeetsinghsudan5280]

Which laptop you use for trading?

[@DaytradeWarrior]

A Lenova gaming laptop. Gaming laptops are recommended for trading because of the power needed to run all of the software.

[@underdog_factor]

Thanks Ross this helps

[@DaytradeWarrior]

You're welcome!

[@aandyyyyy1]

You are as a day treading, how day trading help company growthing?

[@DaytradeWarrior]

Day traders will exit their positions the same day so it doesn't have a long term impact on the stock

[@AlexWinkler]

Ross the Boss strikes again!

[@DaytradeWarrior]

👍😂

[@timbawoof1]

Love the background music at the beginning.Who is it? It almost sounds like Richard Thompson doing an acoustic intro to 1952 Vincent black lightning. Oh. Excellent video 👍 I could really use a good video on scaling too. ✌️☮️

[@DaytradeWarrior]

Already made one! kzbin.info/www/bejne/Y3-UoplvfJiea8U

[@timbawoof1]

Of course you did! You're the best 🥰

[@TheBlackMadonna1]

Which link is the link for the video you referenced at the end of the video?

[@DaytradeWarrior]

here you go! warrior.app/holding-losing-trades-video-lesson

[@TheBlackMadonna1]

@@DaytradeWarrior Thank you! You continue to be so helpful! I appreciate you!

[@dealerrecon]

Question- what about when you get a nasty long red engulfing candle flush. what do you do about that? This is what kills me when I’m trading and I don’t set a stop loss.

[@DaytradeWarrior]

Ross focuses on managing his risk and make sure he is getting out where he planned before entering the trade.

[@RetfRddd]

How does that affect wash sale rules say if the stock rebounds and you buy back it

[@contessamcdougal7282]

Stuck within pdt. Would you say trade $3000 only 3 times or split within 3 apps $1000 to trade 9 times to be best? Thoughts?

[@DaytradeWarrior]

If you haven't had a chance to attend yet, one of the best ways to learn more on this would be to join us in our next day trading class. The class 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/

[@adamc4878]

Obviously have to be careful with the ones that are bouncing . Within 5-10 seconds I often see -.20% then back up to +1, +2% etc

[@hornomat6099]

Great advice

[@adamkaminski9666]

Do you have a discord or some class I can join you in?

[@DaytradeWarrior]

Hey Adam, We do offer courses on the Warrior Trading website: www.warriortrading.com/trading-courses/

[@RobbieRuffino]

GREAT VIDEO

[@creolecajun9988]

How about stop losses when shares of a $10 stock at 2 cent stop is relevant to a stock of $500 of $20 cent stop ? Can you elaborate because if I'm in a good position why not have just a 2 cent trailing stop from the begining of my position risk 2 to win 20?

[@eddiedixon1356]

You are awesome. Thank you again. I love your videos 🙂 Edit: And one of my favorite albums is on your shirt.

[@DaytradeWarrior]

Awesome! Thank you!

[@imanibatten7695]

Hey, I purchased the program a few years ago and I just received $139. What is that for exactly?

[@DaytradeWarrior]

Please reach out to our support staff and they'll be more than happy to answer your question. [e-mail]

[@kingreeper365]

Hello warrior trading, I have been a fan for a long time and really want to start doing stocks but I would like too know what app or platform I should start on because I won't be doing a lot of training each day like you do but I also don't want to pay the $100-300 a month just to be able to play with stocks starting off. I would really appreciate any advice you might have. I have heard some bad news about Robin Hood so I hope that is not your pick. Thank you for your time bro 👍

[@DaytradeWarrior]

You can learn more about the brokers we use here: support.warriortrading.com/support/solutions/articles/19000045045-broker-recommendations-us-international

[@johngeinopolos3883]

What trade size do you use on a small and large account?

[@DaytradeWarrior]

Ross determines his share size based on his risk tolerance and stop loss on the trade. If Ross decides not to risk more than $1000 on any given trade, and he determines that he wants to buy a stock at $5, he might place his stop at $4.80. This means that he has a $0.20 stop. With his $1000 risk in mind, this would allow Ross to buy up to 5000 shares. Every trader's risk management will look different, though a general rule is that traders should risk no more than 1% of their account on a trade.

[@kekfuszal]

The real question is when a trade becomes a loser and at what point do you realize and admit that? Many times by the time I realize it is losing and not just a bit of pulling back it is already late. So how do you know WHEN to pull the trigger?

[@DaytradeWarrior]

Ross talks about this and much more during his live webinars. www.warriortrading.com/free-day-trading-class/

[@jadinmorton3343]

This may have been asked before, but what’s a good day trading app accessible to those without a computer and allows for marginal investing.

[@DaytradeWarrior]

🤓👍

[@dhanushkadesilva4809]

HI Ross, I love your channel

[@DaytradeWarrior]

Awesome! We have many international members trading with us, and we teach a range of trading strategies that cover all different times of day. The only limitation to making a living trading the market is your internet connection since all our content and education is streamed or recorded to be viewed later.

[@namiwallet7114]

I do day trading from Canada with the help of Felix.

[@namiwallet7114]

He’s available on telegram

[@debra9853]

How small amout of stocks can you buy

[@toddcournoyer5759]

I would say trading small (20% and less) until your a pro, solves many problems like controlling the fear of losing n it keeps any losses low as well, even if your not a good loser yet. 🎉🎉🎉

[@DaytradeWarrior]

👍🤓

[@bestchannel6127]

Thank you very much you the best Trader

[@DaytradeWarrior]

You're welcome!!

[@sarahmiller4718]

Hi

[@DaytradeWarrior]

Special Episode Download warrior.app/holding-losing-trades-video-lesson

[@MJ-cv7yq]

Knocking on 1 million's door

[@DaytradeWarrior]

So close!

[@christopherwalford685]

Knocking on 1,000s door

[@tcomner29]

3:12 is when it starts... you are welcome😏

[@DaytradeWarrior]

👍🤓

[@TDZone70]

13:18 front side of the move

[@DaytradeWarrior]

👍🤓

[@TMTrader_T]

Ty ty 🙏🏽

[@DaytradeWarrior]

Thanks for watching!

[@vincentkingsdale8334]

15:34 sometimes, you mis speak.... you said get in at 4.85 then drops to 5.75.....i think you meant drop to 4.75

[@PROFESSORO313]

Thats Knowxledge!!!!!!!!!🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

[@DaytradeWarrior]

👍🤓

[@rizwan101]

Been trading for almost a year, just keep making this mistake again and again.

[@DaytradeWarrior]

👍🤓

[@mrman1287]

👍Thank you Ross!

[@DaytradeWarrior]

You bet!

[@asiachan22]

Banger.

[@DaytradeWarrior]

👍🤓

[@awesomesurfer6358]

Another mistake is when you buy 2000 shares instead of 200 shares, way big loss that happened to me today

[@soprano94]

What ticker?

[@DaytradeWarrior]

Sorry to hear that, always a bummer when that happens.

[@ewoteraidaniel6478]

Thanks

[@DaytradeWarrior]

You're welcome!

[@joseluisroma3378]

We want a class how to sustain, how to keep profit in a trade?

[@DaytradeWarrior]

If you haven't had a chance to attend yet, one of the best ways to learn Ross' thoughts on that 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/

[@jalilvezirov314]

Can Someone explain please….when Ross says I use shift to sell shares quickly What type of order is being used while he is bailing out?

[@DaytradeWarrior]

Ross uses limit orders with offsets

[@mikesherbet755]

I for some reason find the vary top. then it goes down almost 80% of the time. I joined the 2 week trial to watch you trade see when you get in and out but on you tube in the past 2 months there has been nothing its been slow . so I joined your 2 week trial to watch you but there is no video like youtube

[@DaytradeWarrior]

Please reach out to [e-mail] or warrior.app/contact to learn how to access the stream!

[@dragandokoza6146]

Small acc challeng???

[@DaytradeWarrior]

Thanks for the suggestion!

[@Jobis930]

Can’t wait for another small account challenge. it would be amazing

[@robertcharles5235]

Worth much more then asking price

[@fairwaymotors1996]

Why the pinky in the middle finger?

[@mingy7017]

Also one thing I find what makes my mentality even worse is that I’m trading a small cash account. You know that means my bullet could only be used tomorrow if I only make it a break even trade.😢

[@namename3139]

what if as soon as u buy, it goes below u

[@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/

[@zannouman2224]

Do you have a discord channel :)

[@DaytradeWarrior]

We have our own chat room software that is suited to the needs of our traders! 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 our next day trading class. The class 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/

[@zannouman2224]

@@DaytradeWarrior Thanks!!

[@OracleofOcala]

stellar video

[@DaytradeWarrior]

Glad you enjoyed!

[@mytimebox1]

Man, you’re reading my mail.

[@alphaTrader.oo1]

🌟🌟🌟 Gold 🌟🌟🌟

[@thesecretofforexx]

Excellent video

[@DaytradeWarrior]

Thank you!

[@spearsg]

I averaged down on ROKU in the AH tonite. 😞

[@DaytradeWarrior]

🤓👍

[@mariomorenosoto8315]

teacher

[@DaytradeWarrior]

Thanks for the comment!

[@Spitfireseven]

I thought this scaling in was my own dirty little secret. I get these losers that dip down to embarrasingly low levels. Now when it gets to that point I buy more. I just did it,... again. These things get closer to break even when they do come up. I just don't like holding for more than a day. That is rare but I HATE LOSING MONEY,..... HATE IT!!!

[@jrake80]

Trailing stops

[@itsbigj1]

Don't forget to smash that like button!!!👍👍👍👍👍👍

[@DaytradeWarrior]

Thanks for the support!

[@smeegle3000]

PDT makes me hold too long 😡. I don't mind a loss, but to lose a dollar and a trade makes my blood boil! 🤣

[@DaytradeWarrior]

It can be frustrating for sure!

[@sgtgilbert6498]

Big account challenge over$10

[@DaytradeWarrior]

👍🤓

[@kevinarcher7701]

What happens if you put in for 3000 share but they only have 2000?

[@DaytradeWarrior]

Kevin, you would get a partial fill.

[@yenzonrodriguez7874]

🔥🔥

[@DaytradeWarrior]

👍💥

[@shookmusic3277]

999k subscribers

[@DaytradeWarrior]

We're so close!

[@chicospaintingco]

Don't let pineapples distract you from your trading. 😆

[@DaytradeWarrior]

Lol will do!

[@prilly3250]

Anyone can recommend a trading platform for day trading that doesn’t have a annual net income requirement of $40k-$49k and caters to non us citizens. If it has a minimum deposit amt that’s no problem. Thanks in advance

[@DaytradeWarrior]

These are two offshore brokers that people in our community or our educators have used that you can research. For accounts under $25,000 (as little as $500), you can take a look at CME Group (US and all international residents except Canada). CME Group review: www.warriortrading.com/capital-markets-elite-group-review/ CME Group website: cmelitegroup.com For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA except Canadians: TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero website: tradezero.co/ TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ (Keep in mind that participation in a Broker Rebate Program is not required to trade or to be a member of our community. Rather, they can be an opportunity to receive discounted commission rates if any of these brokerages are a good fit for you.) This article can be a helpful resource for exploring your options for day trading with less than $25k! www.warriortrading.com/how-to-day-trade-without-25k/

[@prilly3250]

@@DaytradeWarrior Awesome! Much appreciated. Very quick response! 🙏🏾 Keep up the great videos.

[@prilly3250]

@@DaytradeWarrior Already got my account opened with CMEG! Thank you!!!!!!!!

[@zamev]

Is the broker TradeXN shady?

[@DaytradeWarrior]

I’ve never even heard of them

[@infinitelyllc]

I'm a looser... 😅