Is Day Trading Getting Harder? (The TRUTH)

[@donhalejr.9162]

I swear only Ross could hop in the range on a rainy day and drop a half hour of quality trade content off the top of his head with no notes 🏆🙏🏾

[@chrisbellomo2763]

Totally agree. Ross is legendary, his content has literally changed my life.

[@Siegefya]

I think it's wild that he seriously been driving range rovers for years lol...but when you trade like him, maintenance is a drop in the bucket, especially under warranty. He seems to enjoy the range rover.

[@donhalejr.9162]

Once you’re a range person it can be hard for us to leave. Maitenance and renewing warranties will tap your pockets esp if you have a suspension issue…BUT it’s like riding around in your living room. ☁️☁️☁️

[@Siegefya]

​@@donhalejr.9162they really are so nice, I definitely get it...I can't afford it though lol, even the small Evoque. I test drove that one a little while ago and I was pretty impressed with it. They look great and ride great.

[@danxwhite]

Guess he got rid of the g wagon😅

[@georgethompson7391]

Ross is also that therapist with smooth, calm, collected voice that helps you relax and reflect on your life. Good trader and therapist all in one

[@PrincesadeKevin]

Such a helpful video! I love your talks and never get tired of listening and learning. Thank you for always being so willing to share! You always make me feel like you're an old friend, totally honest and transparent, just sharing wisdom with me over a cup of coffee or something.

[@ToniGonzalezandCJ]

Oh I like running errands with you! It’s like watching my favorite vloger, but not getting dumber while doing it. Nice❤

[@mathias_411]

I am finding it really difficult at the moment. I have downsized and am regularly making profits of between 20 and 100 dollars. Then I feel good, increase the size and dang -400$ and all the gains of the last few weeks are gone. i'm kind of in a vicious circle here. thanks for the videso ross!

[@ismaelamaro7728]

A long bias makes total sense in the long term, but as a day trader, you're leaving a lot of money on the table not playing the short side in colder markets.

[@delete383]

Hi Ross. I've been watching your videos for years and finally delved in to trades. What an eye opener. Everything is as you said for the beginner. I jumped out too soon, made 5 bucks, then watched the price soar up another dollar ten. Day 2. Experienced FOMO. bought a stock at 2. And within 5 minutes of opening the price hit 2.60. I held. The candles sank to 1.89. I watched all day. I got out at 1.98. Kicked myself until bedtime. Thank God for the lesson because that's how I see it. I'm only down about 13 dollars but could have been up over 100. But I'm alright with that. I'm staying small, learning. Thanks for your help and we'll explained videos.

[@infinitelyllc]

yup ❤

[@DanielTan-bb5ks]

Thanks

[@max88Phoenix]

thanks Ross... Patience + Discipline = my trading motto

[@nicojenkins986]

Thanks Ross. I said this in the chat room...but learning to trade this past month has been like learning to ski in the Poconos...looking forward to taking my skills to Aspen soon!

[@jafurulsk3390]

You definitely have my sub. This content is next level. For me Unimantic was the turning point. Please keep doing what you do and keep being you, love it.

[@infinitelyllc]

🥰

[@ButterflySuspect]

But sometimes there are still High gaps isn‘t it ? Yesterday KAVL, 300% LGVN yesterday and Thursday, 90%, BITF 50%. Selling and Buying faster needs to be done 100%. If you can‘t time you will go bad, 100$ goes to -10$ in a second if you‘re to late. Yes i too stayed longer in the Stocks, KAVL made good move yesterday from 30min before close. got some profit. Are you still using your 5 rules ? Over 10%, Vol lower 20mill. Avg 5x vol. 2-20$ News Sometimes the 5x average volume isn‘t needed and the Stock still moves very good though. Or the 5x avg isn‘t capable and the stocks still better than others. Have a nice one Guys

[@koenfisker5712]

This reminds me of running errands with my dad on a cold Seattle day, and him laying down some life lessons. 😊❤

[@josephdennehey4126]

Ross, thank you for sharing and putting in the time to make all the content you put out, It's all very helpful!

[@joemills3410]

Great video, Ross. You are dropping gems all over this video.

[@genice7546]

I love these types of videos! I can listen to them while I drive down the road, and don't have to watch my screen. Thanks Ross. Anyone know how come all of a sudden we can't see replys to the comments?

[@charliemcgrain]

YOU ARE A LEGEND, MATE. Can you do a video about the perils of chasing?

[@dustymcdust825]

I’ve been doing this for about 6 years and I still need to tell myself every day not to do it. Never do it, don’t do market orders. 9 times out of 10 it will come back to where you called it and you immediately enter green. I guarantee you that if you chase you start out red and it may continue to go against you. If you have auto break even or trailing stop and don’t chase it comes back to you and, you immediately enter green and then you have a good chance of getting stopped out at profit.

[@charliemcgrain]

@@dustymcdust825 I know the logic, we need to know the trade is setting up properly and the stock has strength (or weakness for shorts). I also know I chase because of fear of missing out, but I want Ross's take. He will have way more details about it and how to avoid it.

[@ncb1003]

Great information, and thought your editing was outstanding, especially at the beginning. Being a newbie to daytrading, you really validated my experience. Thanks, Ross:-)

[@debra9853]

Thank you for sharing your knowledge. It always helps me learn. May God bless you, ross, for helping us.

[@KChatter16]

Ross I can't wait to start my apprenticeship under your direction. The net is literarily filled with get rich quick and easy. They drive me absolutely crazy. I luckily have patience to get started cause my finances are requiring it.

[@sayvelmendez2659]

Excellent episode, as always!!!

[@joshim383]

Had a bad week. This video is what I needed. I always like the drive with Ross videos. Happy Father’s Day Ross.

[@Kaboom_11]

When I was learning nothing you said here made sense to me. But now that I'm experienced, everything you say is exactly how I think. You speak in words what I'm doing in trading.

[@addertooth1]

It is funny that way. Of lot of his trading videos cover the same basic elements, but when I first started the totality of the message was overwhelming. As a trader learns more, he is able to understand and incorporate elements of the message he didn't "digest" before. In the beginning, it felt like juggling cats, while kicking rattlesnakes away, and composing a haiku in French. But as the juggling cats gets mastered, then learning the next piece seems easier. He had a video the other day about how to tell when a pullback is really the beginning of a steep fall. Previously, I was not ready to process that information. But, I was finally at a place where I realized it was not simply bad luck, and there are some clues which could be looked at. A month ago, I was not in that place yet. Most beginning traders learn in layers. As they learn more, they are in a better place to full grasp (grok) additional elements which were not incorporated before. And yes, now I trade to the "Ross soundtrack". When I am looking at a sketchy trade I hear his voice saying: "wait for an "A" quality set up". When I am in a trade, and the green volume candles are getting shorter I hear "Don't get greedy/don't overstay your welcome". I am hoping to someday hear "Let your winners run", as apparently, I am not fully ready for that lesson yet. I do hear the "cut your losers fast". This latter voice-over has saved me great sums of money.

[@brandonsimpson2696]

Thanks for your time and dedication to the channel! I watch everyday now! I am a beginner and had some great trades a few weeks. Not doing so well right now so I have not made any trades this last week just to really focus on LEARNING! Mani wish I had the cash to join the community but it will happen soon! Have you ever given out like a free mth subscription with some type of challenge or raffle or some type of giveaway?

[@mikeazeka1753]

Been trading almost 3 years, I've never seen how often there's price movement after hours in anything with decent volume. 0DTE and high frequency are just part of the mix and why it's not easy to trade now unless you can trade after hours.

[@ZeeZee9]

What is 0DTE?

[@brendennlove]

Thank you for sharing your experience Ross! Truly giving when you could charge so much for this knowledge! From the broke rookies we salute you!

[@MichaelCorey-yt9qu]

Yes it's getting harder for these top gainers. I've been doing your strategy but sometimes I include penny stocks. Seems like Everytime I buy in it runs for another few minutes and immediately dips till I'm in a loss. I've got better at cutting losses earlier. I'm just always paranoid the stock I sell will 2-3x. Which has happened before.

[@jamesmcafee7619]

I watched KAVL keep running another $2 after I sold it. Had to keep reminding myself that I'd just hit my daily goal a minute into my first trade of the day. Yeah it would have been nice to have ridden the whole rip, but I'd rather leave money on the table than eat dirt if it had gone against me

[@jerroldshelton9367]

This "I've got better at cutting losses earlier. I'm just always paranoid the stock I sell will 2-3x. Which has happened before" stuff sounds like FOMO to me. If you close a position, and get a chunk of a move in the process, why do you care what happens after that? You're green. If you're doing Ross's strategy, you're already leaving at least 10% of a move on the table, anyhow. Get in, get your chunk, get out. I'm doing my own $500.00 account challenge. The first week, I was in the red ten bucks. The second week, I was in the red twenty bucks. The third week, I started Monday morning with $470.00 and ended at 11:00 U.S. Central Time on Friday with a balance of $1,435.00 and some change. Last week, I started with that and ended with $2,105.00. Two red weeks, two green ones, but luck had nothing to do with the outcome. "FOMO" did. FOMO was why my first two weeks were stinkers. Not giving in to that is why next two weeks were not.

[@Frogger23xx]

your just the best. you help motivate me everyday to learn to trade better

[@Undefeated0-0]

do not give up guys, do not lose faith int your stategy that you've backtested with success. take the strategic trades with atleast a 2.1, if you lose, find out what you could've done better or where did you maybe not follow your strategy to the T. DO NOT keep looking for new strategies if your backtested one is perfect

[@kennichi89]

My strategy is pretty hot at the moment. I trade the NQ and we are in all time highs. So my setup, when it's a sell I'm expecting it to reach far targets very quickly. And if it's a buy there could be all time highs.

[@alanmartin2221]

Absolutely invaluable experience. Thank you so much. I only hesitate around the idea that "you'll always lose" in the S&P 500, because there are plenty of futures traders making good money trading it. I've done pretty well some months with it, and other months not so well. The outcome dynamics seem very similar to what you describe trading equities. I'm the biggest factor in whether I win or lose. You learn to spot when the MM's are active and when they're not in control, such as when initiative traders step in and drive the market decisively up or down. Just saying.

[@hermosalisa8]

You really have a gift and it's appreciated by many-- that fact that you share it with us! And HAPPY FATHER'S DAY!

[@SeanT777]

I love how detailed you are

[@jeremyvass9951]

I want you to know that you have helped me so much over this last year of learning to trade. Financially and emotionally. Thank you.

[@Zlu1707]

Thank you so much for sharing your thoughts! I'm thinking of joining your class in the near future.

[@Kersycorp]

I like these styles of videos, nice advice!

[@ShadowedOne413]

I agree with you Ross that day trading megacaps is basically playing against computers but it just takes a different strat than momo trades to be successful. Different trading rules i have in place and what not. Its not impossible. I use momo plays under your criteria you use, and derivatives like option spreads and futures to daytrade and swing trade the mega caps. My best trade this year by far was an overnight earnings play in NVDA with calls a week out. Not this last earnings call ( although i successfully repeated the play this time around with less contracts) but the previous one.

[@ZeeZee9]

What are momo plays?

[@ShadowedOne413]

@@ZeeZee9 momentum plays

[@ZeeZee9]

@@ShadowedOne413 oh ok. Thank you

[@whenrighnow2162]

We need a video from you telling us everything you know about the trading algorithmic and how market makers use them to make money. Can you plz go into deep detail on the white board. We appreciate everything Ross ❤

[@apbpersaud5752]

Great perspectives here. Can you do a session on catalysts. Which moves a stock and which ones don't and how much does each catalysts move a stock?

[@83442handle]

ross wearing leather jack in the summer. what a warrior!!!!!!!!

[@charliemcgrain]

I must be a detective, I noticed the rain water on his car.

[@V3Brandon]

See the trees as he was driving? They're barely leafing out. I think he lives in the northern Appalachians. Very cold place.

[@mjg2391]

Great video as always. Thanks

[@FightRayTV]

Thanks Ross. I've been on top of many high movers lately, from 100% to 800% and I've been missing out on them because of fear. I'm still trying to recover from my 200$ loss on VCIG and some other smaller losses. I can't stop thinking about how I could make so much money if I had actually bought into the stocks I've recognized before the big jumps.. I'd literally make thousands.

[@adrianaskinner4653]

I am the same way, I am recovering from loss some profit and only $13 of original capital, but it was still a hit for my account. I see the movers and then I just end up talking myself out of the trade. It’s a learning process and we got this!

[@ethansmith8813]

I usually spend less time caring about making money and focus on just not losing any. Even if the profit is only 5 cents a share. Better than nothing

[@jerroldshelton9367]

" I'd literally make thousands." I doubt it. Why? Because you "can't stop thinking about how I could make so much money if........" Retail day-trading isn't a get-rich quick scheme and it really isn't about "making money." It is about risk mitigation. You didn't lose $200.00 on VCIG because you opened a position on it. You lost $200.00 on VCIG because you were more focused on "making money" than mitigating risk.

[@IndigenousPathways]

I too have been seeing more jackknife trades lately. I know this because my p&l has suffered this month, as compared to last month, which was my best of my career so far. It’s not easy to sit in a red month, however, I aim to limit my risk so I can trade another day and learn from my mistakes. Thanks for sharing your wisdom and best practices.

[@MrJaster45]

Thank you Ross. You have helped me a lot.

[@kevinbuda7087]

perfect timing on this video. the "smoldering left side" is where i have gone to search for winners...with breaking news.

[@istvantorok26]

Great info ! As always … Thank you !

[@SR-DFG888]

Thank you for this insightful video Ross! It definitely has been a colder market and the need to acknowledge when it's time to change your strategy is key.

[@SaintlySweet]

I love the visual edits! Imagery is perfect!

[@Ronzos_UTUBE]

Well said brother. Nailed it

[@JS-pf5fv]

Thanks. this is great content. left me with a couple questions though. How dod you determine your daily goal? How did you determine the max position size? i am hoping that i can apply a certain formula as my small account is 50.00 to start

[@Trader-San]

Thanks Ross for such valuable information .

[@marklinton4567]

Just recently subscribed. I really enjoyed this different style of video.

[@joshpacific]

Fabulous episode. More of the same please. Thanks Ross!

[@jocabuju8119]

I need to learn when to get out lol. I need bag holder rehab haha. I keep thinking if I take a big hit, it'll come back, and when it doesn't, i just put a 3 month sell order for the bought position. I'm a dipshyt, a bag holding numnuts lol

[@BurnaHanlo]

"Patience & discipline is all it takes to be succeeded."

[@hunter4783]

Thanks for take care of us, and advise 💚

[@frankchamp007]

Greedy is the reason folks end up losing, base hit every day is the way to win in this market.

[@Winterascent]

I wish I had been trading 2020 to 2022, and then retired. I started in later 2021, and it's basically been cold for me the entire time.

[@chrishansen5513]

Excellent info Ross! Question...does opening price play a roll in your stock selection during the regular market hours? Me, I filter out in my daily scan...price > VWAP...and price above 8ema.

[@Carminocat]

Ross, I trade NQ, and these jack knives are now pretty common. These funded companies with their rules are prime to get smocked in these spikes. I really do mean insane spikes within seconds...

[@sstuff66]

I need to invest in a monthly stock scanner system. Thank you Ross for all you do.

[@survivemichsurvivemich4280]

stocks rocks on youtube is free. it has a one minute delay for the free version.

[@qasurfer]

Love your channel Ross

[@Vitac83]

Ross will you make a short video about what your thoughts are on trading the futures markets, Nasdaq, S&P specifically.. thank you.

[@SatishKumar-on1vo]

Thank you for your research. I find your videos are well done. Right now I'm keeping an eye on Unimantic.

[@TexasExperience]

Great timely info

[@thedivision980]

always enjoy your vids, for some reason youtube unsubbed me from your channel. I noticed this happening lately with some of the other channels i watch.

[@brianduong6070]

Great video Ross.

[@bernardtakyi3487]

Thanks for sharing!

[@AllAroundAtlanta]

Thanks from Panglao Island Philippines!

[@manatee419]

My wife is wife is from Cebu.

[@AllAroundAtlanta]

@@manatee419 that's the next island over.

[@TheGamingInvestor]

You're the man Ross!

[@StocksIQ]

Very interesting!

[@shawnmcdonald9352]

Thanks for the "Big Picture" of where we are at today.

[@davidoreisinger]

Also, while they were printing money, markets also got this liquidity from stimulus, when many people were at home from work

[@briandirksen4753]

Only a couple months into trading, my first month I made 20% on my account. This month I’ve lost 40% of my value. Time to reign in back in and get disciplined again. Thanks for the video.

[@briandirksen4753]

@gormenfreeman499 I have a separate account with NVDA that I’ve made a lot of money in. Just need to get better on those exits. 90% of my trades I’ve been green on, just held them for to long and added hoping they would bounce back.

[@fredrickjones4574]

I just really genuinely like this guy! And to think they railroaded him, because that's exactly what I truly believe! Because every video I ever watched of him, he has only shot straight! HE'S BEEN NOTHING BUT A STRAIGHT SHOOTER! 💯

[@Elie941]

Thank you Ross ❤

[@kennycarneal6765]

Oh yeah, I meant to tell you, I loved your Grateful Dead shirt! You should hear me play Ripple, I can play it a hundred different ways! 😅

[@khayyamfarajov7916]

Ross how to become your student with potential live session trainings? I want to do it for a long time and having challenges with pre-recorded materials. Please advise. Thank you.

[@daytradingzoo]

That leather jacked looks smooth and soft as silk

[@sludgeon]

New to the channel but I've got a question. Do you pay attention to sectors you are trading? Or that doesn't matter and you rely solely on your 4 criteria? Otherwise, can you retrospectively say what sectors made you most of the money during these 4 periods that you've highlighted? Cheers!

[@Ken18990]

Great timing for the video. Last 3-4 weeks I was profitable for the first time, make 15k. This last week was rough and I felt like I completely forgot what I did did the 3 weeks prior.

[@SCOHEN250K]

You're the best Ross Boss!

[@Kruzzermade]

Are we talking years or months before the market changes sentiment?

[@RyanMoodyOnline]

Great video Ross! Has faster internet connections and technology made trading easier for traders who aren’t working on Wall Street?

[@MarianaDias-w8s]

You are just amazying man Kiss from Portugal ❤

[@JetsonTrades]

I think that’s my problem. I do extremely good in a hot market then in the cold market I lose all my gains

[@mann234]

Buying bear market stocks in a bear market and vice versa with the bull market. If we were in a full bull market GME starting from $9.95 would support at $65 going higher by now 15th June 2024 but instead hanging around $28 giving easy buys.

[@TheRoybert]

Complete Noob with 6 weeks. I got super lucky and picked big growth pennies in paper trading and was up $11,900. Then a whole week of miserable over working the stocks and depleting my gains to $10,200. I have months of training ahead before I will use money. I need confidence in my ability.

[@EMan-cu5zo]

I am totally different than you, I do terrible in those low float stocks that make such huge moves up or down. To me it’s a fast way to go broke. If it works for you congratulations but for me it’s a money burner.

[@henrycoats4846]

Warrior of Warriors, please unload the data. Course Investors vs SPY. Continue the clarity, we know you will!

[@carlcromwell8713]

Thanks, Ross!

[@dlovankhaznadar4903]

How about when there aren't stocks that fit all criteria such as if they arent between $2-$20 or they are between that price range but they aren't at 500x Relative volume? Is there a heirarchy between these criteria or is that more dynamic? If a certain stock doesn't fit all the critera for the whole day will you just sit that day out? Also LGVN was an annoying trade recently, how would you identify similar other trades to LGVN? Is there a general rule? like some clue that this stock is not good? By the way I really enjoy your videos, they've helped better understand day trading. Obivously I'm still learning but I truly appreciate the resource.

[@addertooth1]

In the most recent trading week, I had two days I did not trade at all. I watched, but there were no "A" quality setups when I was observing the market. I realize a no-trade day is always better than a losing day. When a trader gets anxious to trade, he can often buy into bad set ups. This is when mastering the skill of sitting on your hands will keep your trading balance from dipping down. Sometimes, not trading is the right move.

[@dlovankhaznadar4903]

@@addertooth1 Yeah I believe you're right, guess imma just wait and watch till a good setup comes by. Thanks for the tip!

[@Nayr86]

I often questioned this from trading over a decade ago, having a break for a few years and trading now again for a couple years. Definitely bots or something messing with movements on the charts, unless billions of people are trading now 😂

[@m.g.8381]

Good video Ross, but I gotta tell you, with all the rain coming down, I had to stop the video and go to the bathroom, happens when you get older. other than that, thank you.😂

[@SewTubular]

Ross, when a stock starts to drop ( and you think it might be a big drop ) do you ever just cash-out to limit your loss ?

[@addertooth1]

He did a video on this less than 2 days ago. It was about telling when a drop was a "pull back, which will resume climbing" and "a sign a stock is about to cross over and start it's decline".

[@ARGaming-VR]

Also, I jump in and jump out way too fast. How do I develop the risk tolerance to hold for a bigger gain?

[@addertooth1]

That is the 100k question. Those who know it, have won 100k. Those who don't (which includes me) struggle with the concept. I have seen stocks that looked ruthlessly overextended continue to climb dollars in value. I have seen stocks with amazing catalysts nose dive after going up a buck. It is still mystical to me at this point.

[@garouthetiktokinfluencerhu9731]

How do people climb Mount Everest? How do people lose 100 lbs then train for an Ironman? How does a single mom with 2 kids go back to school and become a defense attorney? lol seriously though, think about it…

[@Bassgoose3]

I feel like it’s easier because there’s more traders in the market now there’s opportunities everywhere in the market

[@KingMK31]

Ross, would you say the biggest difference on you learning curve to becoming a profitable trader was the books you read?

[@MichaelCorey-yt9qu]

I'm listening to stock scanners I hear amazing news it goes up and rockets right back down

[@BrianSchleife]

ROSS, can you address the short interest in LAZR (Luminar Technolgies) and why we aren't seeing a short squeeze. This company has a lot of updside but how do the shorters keep this stock down?