The Broker I Use to Day Trade with a $500 Account - Small Acct Challenge Ep 3

[@DaytradeWarrior]

2023 UPDATE / NAME OF THE BROKER IS: Capital Markets Elite Group (CMEG). Their commissions are currently $2.95 per execution with max commission of $12.99 per trade. In order words, they are expensive. I would not trade with CMEG unless I already had a track record of profitability trading in a simulator. To get practice, consider a Free Commission trading broker like Think or Swim (TD/Schwab).

[@aschkansabaghi4901]

I love you! ❤️

[@Pewpew76]

Does Sterling recognize CMEG?

[@mobamba7650]

in my 1 week of learning day trading this man has taught me more than i ever was taught in school

[@DaytradeWarrior]

🤓👍

[@stevedallas3488]

It’s fair to point out that the broker is not listed after clicking on the link in the description. It is only an invitation to register for a class. I was hoping it would not be an offshore broker, but it turned out to be CMEg as expected. I like Ross and his videos, but it is misleading to say that you will reveal the broker and then don’t. I had to find out who the broker was through the comments.

[@DaytradeWarrior]

Hey Steve, The link brings you to the live webinar, which gives you a copy of the ebook for signing up. We're sorry you feel misled.

[@lae-936]

broker??

[@ABQSkywatcher]

Clearly states CMEG on the link. Now, anyway.

[@sterlingkingdoesit]

@@DaytradeWarrior is it not misleading to say you’ll give the name and don’t ?

[@justinlehoskay4962]

Thank you for saying CMEg i was looking for hours for that name

[@dylpykl474]

Warrior Pro student here, just started this last week, already on lesson 6 in your small cap day trading course...absolutely love the course and I just wanna thank you for these videos...missed you this morning in the chatroom. Unfortunately my schedule doesn't allow me to get into the live mentor classes, but anyways, thanks for always staying relatable!

[@DaytradeWarrior]

Really great to hear that. Unfortunately I wasn't trading yesterday. Don't forget you can always see the recording of the mentor sessions in the education portal.

[@PB0Y1834]

How’s the Warrior Pro course going?

[@Duxa_]

So, how is it going a year later?

[@wesha9490]

Your great video makes me cry. You symbolize of humbleness is more sustainable than any greed

[@DaytradeWarrior]

Appreciate the kind words wes.

[@ourtestimoniesabbathankyou8501]

Southern California

[@tstevensed1]

Warrior Trading from New Mexico and thank you! Never eat out. Don't drink nor smoke. Use a fireplace insert for heating. Do allll my own car maintenance! Chickens for eggs and dinner (only occasionally). Raise our own cow and pig for meat. It's a good life shared with the most amazing woman! My time in the Warrior Trading family has been a slow and steady climb to a mountain top experience! Again I thank you. T

[@DaytradeWarrior]

Nice T, living within our means is understated this day in age.

[@StefanMavi1]

Let me just say that I have learned quite a bit from you! I have been stuck trading in my Firstrade account bound by the PDT rule making it nearly impossible to gain any momentum. I turned $250 into $1800 in 6 months. It should be a lot higher..and what sucks the most about the PDT rule is that if you have a bad trade, not only are you down a trade for the week but you have to wait for the funds to settle...this prevents you from being able to re-enter on a stock to recoup losses, let alone not being able to trade period since the funds are locked up...and just the wait alone causes soo many lost opportunities..its brutal! Not to mention, like you said, who just has 25k laying around? Anywho, Thank you! Thank you! Thank you! I am beyond grateful for all of the time you take to provide so much free knowledge! Its absolutely priceless! I mean cmon...6 X the buying power! Wowzers! Im just waiting for my deposit to clear so I can get started! Seriously, THANK YOU!

[@DaytradeWarrior]

You're so welcome Steve, that's why I make these videos! Stay tuned for the small account challenge!

[@avs_smart_systems]

Anecdotae, when I lived in a kibbutz 20 + years ago, is when I learned how to live off my own resources. I'm about to start the challenge in the next week watching and taking notes off your videos. Good bless

[@elyesafozer]

I love your video so much Ross very encouraging! I'm struggling at the moment with the PDT rule I think its time for me to move out from Robinhood after two months. I'll try the Bahamas one so I be free to trade. I really love trading waking up at 5am everyday and can't wait for the weekend to be over so I could trade.

[@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 Rebate Program: www.warriortrading.com/cmeg-broker-rebate-program/ CME Group website: cmelitegroup.com For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA Even Canadians: TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ TradeZero website: tradezero.co/

[@davidavendano5688]

Thank you Ross!

[@joselinvalores1577]

New trader here”4months” I’ve made some money but now I’m starting to give some back. Gonna watch your entire small account vids 😁👍🏼

[@fonz4471]

Yo Ross, I am currently with cmeg and the margin restriction list they have had for last 3 days is ridiculous. Just a heads up since you are recommending them for small accns. I can’t use margin on any s&p 500 and they have over 6,000 companies restricted for margin. Some penny stocks that are running I can’t even use my own full cash amount. They have it restricted to 125% lol. I’ll be closing this accn tomorrow cuz no point if I can’t use margin.

[@DaytradeWarrior]

👍🤓

[@njstorozuk]

I love your spirit for posting this video. It takes a reduction of one's ego to admit these things. I am 29 and have recently applied myself fulltime in my landscaping business to also live life ON MY TERMS. I also want to be a trader. Landscaping roles that I currently fill can be passed onto employees, while I do estimates, paperwork and trade in my personal or business name.

[@lifemile1587]

Ross, Been busy moving this past week and getting set up. It is always a great motivator to see your videos in my news feed. Your Steadily pushing me into something I know I should be doing.

[@DaytradeWarrior]

Nice Lifemile, stay tuned for this challenge!

[@johnnycochicken]

how's it going?

[@garrytherat4793]

Hey Ross! I'm an italian day trader trading from Bangkok, Thailand. I don't trade stocks, i trade the DAX german index. I find your videos entertaining and that's why i watch you even if i don't follow your trading style. Keep up the good work and good luck for your new challenge, i will be following you!

[@DaytradeWarrior]

Nothing wrong with that, glad you enjoy the videos!

[@thewealthysoul5340]

Hey Ross! I’m watching your videos from Stockholm, Sweden 😊 I actually quit my job to be a trader before even placing my 1st trade because I had enough of my job and thought trading fits my personality perfectly . I gave myself 6 months to learn and become profitable. It’s been 2 months now, I don’t regret my decision, still learning and making mistakes but getting closer to my goal everyday. Sorry for the long post but I wanted to share my experience. Very excited for the small account challenge 🙌

[@DaytradeWarrior]

Wow that is awesome, keep at it!

[@persiathiest1963]

I hope you are happy with it now. I'm thinking of the same thing. I'm sick of the IT industry and low salaries in Europe.

[@fudworks]

I'm trading from Japan. Just go my 1st small brokerage account opened ($1000). Took about 2.5 months. I took my first Real Money trade last Friday. Small winner $111.57 after comm&fees but I'm extremely happy. Looking forward to what's next. Thanks Ross. See you on Monday in the chat room.

[@DaytradeWarrior]

Awesome, keep it up! See you Monday!

[@johnshea5015]

Good evening Ross, My name is John Shea I am from Billings Montana just loved your video. I am one of your warrior pro students in the Large Caps. This is my first month live and my first trade was stop out for $8.59 so happy my first trade was green I followed my pivots and strategy. I hope to do this full time some day.

[@DaytradeWarrior]

Nice John, keep it up!

[@ShenteriaChilds]

My side hustle was Fiverr then Upwork around 5 years ago. Then they became my full time income. Watching your videos have been very inspiring! I invested in a number of stocks using my retirement funds and yesterday I did my first day trade. I will be watching the small account video series you posted as I want to start small first then build up from there. My fiance and I have been watching your live videos each morning since last week, we are hooked! Thanks for providing all this useful information! Warrior Pro is on my watchlist, so when my account has reached a certain amount I will be investing in that education for sure!

[@DaytradeWarrior]

Awesome!

[@amidmuhhammed8496]

BEEN WATCHING VIDEOS FOR ABOUT 40 HOURS AND READING FOR 16, THE FRUSTRATION IS REAL

[@DaytradeWarrior]

There is a lot to learn! To get started with Warrior Trading join us in our next webinar! It's free to join and sign up and you will receive a copy of my best-selling eBook "How To Day Trade" just for attending! Sign up here: webinar.warriortrading.com/signup

[@timothysons]

I am grateful for your lessons, I used to use another famous trainer for day trading but his demeanor and love of riches didn’t match my personality. You seem more real and I cant wait to earn enough to take your course.

[@DaytradeWarrior]

Thanks Timothy, happy to help! Look forward to having you on board!

[@braddooley2122]

As requested I'm trading from a 44' sailboat in southern Florida. I doubt you can cut costs this low. I still want to make $100k in 45 days so I can go cruise as long as possible.

[@DaytradeWarrior]

🤓👍

[@zacharytersak1440]

Awesome man this is my goal. What sailboat are you cruising on?

[@zacharytersak1440]

Your living the dream

[@xtraterastrielrede5513]

Two things that have captured me in life, Bodybuilding, because it is about the individual single cellular structure of building muscle fibers through vitamins and nutrition, intensity and relaxation. The other is Day Trading, because it is about individual financial success, that home computer with multiple monitors, charts everywhere and understanding things in live motion. I actually enjoy just watching the market mornings and taking only one Day Trade each day. It's important to become confident in yourself when Trading, one small Day Trade each day has done more for my confidence than doing multiple trades for the morning because I am completely understanding what I am doing. People sometimes ask me what I do for a living and I tell them, I do only one thing and I do that consistently, each day, every morning.

[@DaytradeWarrior]

Right on Matthew!! Health and wealth!!

[@NicolaaasPa]

Hi Ross, Thanks for your videos. I trade from Paris, France. Even if I only trade futures on US indices, I always have fun following your videos and I appreciate how fair you are in your comments :) Take care

[@DaytradeWarrior]

Awesome, thanks for the support Nicolas!

[@jcwinstrike147]

The stock market on our country; Philippines is currently bearish and we don't have short selling yet so I'm planning to day trade the US market. Your videos help a lot. thank you!!

[@DaytradeWarrior]

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

[@nickcarvajal]

My boy made 450k from 5k by taking his course. Like wtffff. Might just pull the trigger and buy the course.

[@DaytradeWarrior]

That's amazing Nick, thanks for sharing! www.warriortrading.com/trading-courses/

[@rafaelferreira-zi7de]

Hi Ross, I'm a Brazilian guy who looks up to you! Thanks for this series! I want to do the same as you! Thank you for everything!

[@DaytradeWarrior]

Appreciate the support Rafael, thanks for sharing!

[@soulforged789]

I just go by the rule of Arkaad, from The Richest Man in Babylon: pat yourself 10% first, to save for your future! I have over 20k within 3 years!

[@DaytradeWarrior]

Awesome Soul, that's great!

[@michaelbrown7142]

Excellent book, i also like the part about find others who are making money in what you want to do and learn from then.

[@jerichointacto]

I pay myself 85% of my income from my day job. Only living on the remaining 15% plus income from side hustles. My goal this year is to increase my income from side hustle to match my day job so I can have enough to buy Ross's course.

[@nickvanat7390]

My side hustle is stock photography (selling photos online). I make around 30-70$ monthly and have already raised my account on etoro (primitive broker account) from 300 to 820$ by adding earned on sold photos money and trying to increase the amount by 10-20% monthly. Planning to switch on a good broker when I will have 1000$. Thanks for motivation!

[@DaytradeWarrior]

Nice Nick, that's a great side hustle!

[@MindfullyTrading]

Great video! I lived for years in a converted school bus to save the money for trading and do different online side hustles like web design & social media management!

[@DaytradeWarrior]

That’s awesome!! I’ve spent alot of time looking a busses. Being 6’2” is my disadvantage there! I’ve seen a few that add a small gas or wood stove!

[@adamsuhweil5912]

My side hustle is: Clinical Trials /Research Studies. You can trade while inside the facilities. ie I just made $3,700 in 8 days at WCCT GLOBAL in Cyprus, California!

[@DaytradeWarrior]

Nice solid profit.

[@rockyou79]

500 is really tied to start , I know you did it already but the cushion for losses / commission fees etc is really low with only $500 . Good luck

[@DaytradeWarrior]

Yep it's going to be a slow first few weeks!

[@DaytradeWarrior]

It's not going to be easy that's for sure GA

[@liztrader5469]

@@DaytradeWarrior Wicked hard. I started with $540 and lost about $170 after a month, then my $170 platform fee/market data hit. Down to $100, lol.

[@finneusj]

Hey from Norther Hellinois! Not trading yet but have a plan to get a startup base! Currently Ubering just to keep afloat in addition to my FT day job. Soon I will be able to user the Uber income to pay down existing credit card/DR bills. Then Uber money will go to funding my trading startup for education, equipment, and operating account and hope to be ready in 4-6 months. Ultimately I will grow my trading knowledge and accounts to a FT gig and build a great income and retirement!

[@DaytradeWarrior]

Awesome Finneusj, keep up the good work!

[@baldeagle1171]

This rule cost me hundreds and held my account hostage

[@DaytradeWarrior]

It's a tough one that's for sure!

[@bedi4u4ever]

@@DaytradeWarrior I m trying for DEMO account in CMEG....Which Account type to choose from Active and Standard Accounts? and what is the difference between them??

[@loveperfect395]

I have done quite a bit to save money. Time truly is needed to get a feel for the stock market... there are many things to observe and learn. Starting small, base hits, patience and commitment are needed. I truly enjoy waking up early and watching for a good stock to trade.... it is great job! Everything you said is great advice, and I hope everyone that is serious about succeeding will make wise choices. There is definitely less risk when a proven strategy is being utilized. Thank you Ross for all of your support and dedication to helping all of us, you are very much appreciated! Will you be doing the watchlist on KZbin this coming Monday?

[@DaytradeWarrior]

Stick with it Jeremy, you got it!

[@pixelhidef]

I'm just starting to get through your material video by video. I've watched about 5 videos now and I'm still a bit confused on the what... You speak of sharing info, but it seems your site is paid only content for members. You specify CMEG currently, but don't explain why other than PDT. PDT only applies on margin accounts, are you saying you can't do this challenge without a margin account, or maybe I need a better explanation of PDT restrictions on cash only accounts. I'm looking forward to learning more about stock screening and the tools you use for your watch list creation as well. If you can help me by either answering or simply saying --- "keep watching and you're answers will come".

[@Cryptic243]

a cash account is limited by how much cash you have - you still have to wait for your cash to settle before using that cash again. margin means you can sell a stock, then use those funds instantly. to grow a small account fast you need to be able to use all or most of your account balance every day

[@stephenvarga2724]

I cut my cost of living by moving to another part of the world where rent is half the price. Got certified to teach English online and I get paid in USD dollars. So having a Western wage in an eastern European country takes me much farther than back in Toronto and I use the extra cash to fund my account. The time zone also works perfectly as I can work the mornings until afternoon and then as the Market opens I have an hour to get set up and focused, I am a beginner trader but I felt this world give me the best chance at succeeding in adapting in the world to allow myself the best possibility to become a better trader.

[@DaytradeWarrior]

That's sounds great Stephen! Congrats!

[@someonefatigued4263]

Shout out from NZ(New Zealand) learning to be a day trader. Watching your vids to get me on the first steps.

[@DaytradeWarrior]

Awesome! To get started with Warrior Trading join us in our next webinar! It's free to join and sign up and you will receive a copy of my best-selling eBook "How To Day Trade" just for attending! Sign up here: webinar.warriortrading.com/signup

[@danielb6280]

August 26 2018. First trade I ever took. Bought 2 shares of TSLA for no reason other than me liking the cars. Got hooked after that. Started to research more and more after that. Tried multiple strategies and no luck. Traded penny stocks. Very risky. Large cap stocks. Not enough money to feel satisfied after a trade. Now trading options. Made some larger gains. After 1 year I'm finally getting the hang of it. Trading is an emotions game. Patience is huge. Quit two different jobs in 1 year to pursue trading. Im doing everything I can to succeed in trading and won't stop until i do. Don't give up. Cheers from SoCal.

[@DaytradeWarrior]

That's how it goes Daniel, stick with it!

[@jimmydewberry]

I really appreciate the sharing of your journey. It is inspiring!

[@DaytradeWarrior]

Yeah, you're welcome Jim!

[@dataanalystbynight4375]

I set myself up the same way, changed jobs out of health care and took an evening job in a warehouse. Will probably make about half of what I was making , but peace of mind is more than worth it. Also, it gives me access to the whole trading day, which is nice.

[@DaytradeWarrior]

Hey Jobe! Peace of mind is def worth it! Right on!!

[@eugenekingorhi3612]

I'm from Nairobi, Kenya. My side hustle is doing people's assignments for $20 a paper

[@DaytradeWarrior]

That's one way to do it Eugene, keep it up!

[@BigBluenoser]

That's decent cash there dude. Keep hustling get your money up

[@isaacoquendo3054]

Do you run

[@fahad1232]

I am no longer paying $5 to 10 dollars a day on coffee .. I can make it @ home for less than a dollar .. ,, I am not longer eating expensive junk food that costs more than 10 dollars ... , I will try to only use my car for only important matters ,, this what I am gonna do to lower the expense of my lifestyle... and the plan is to save & invest in the stock market with low risk @ the beginning .. Love you warrior trading ,, I just found your channel today & u r really inspiring me to do more in life God bless you my g

[@DaytradeWarrior]

Really awesome to hear that!

[@redbeans87]

I cut my subscription services, cut cable, and reduced how often I eat out for a while. I will be trading from Crestview, Fl!

[@DaytradeWarrior]

That's a very good way to save money!

[@daniels3404]

I cut my own hands so I can stop shopping online.

[@MikeMinMacro]

I work a full time job, and also do amazon fba, this will be the 3rd year of growing my amazon business.. Starting 2020 I will be able to fund my trading account with enough money to not worry about the pdt rule :)

[@DaytradeWarrior]

Awesome, that's great Mike!

[@cesarsandoval3048]

Great video! Ross, you did a great job putting this video together, brilliant as always. I can totally relate to your story, I quit my job because I hated it, it was a six figure job, but I prefer to make half and be happy than to make more and be miserable. Since I quit my job I have been doing day trading full time (for almost a year, but only 6 months with real money), and I am finally turning the corner. In order to cut costs, I moved in with my girlfriend to share living expenses, and since I spend all my time at home, I don't need a car, so I returned the lease that I had plus I don't have to pay for car insurance anymore. Also, I withdrew money from my credit card 0% APR for 24 months, plus I have a very tight budget for my living expenses. I am willing to do whatever it takes to live my life on my own terms and to never work for anybody ever again!

[@DaytradeWarrior]

Hey Cesar! T hanks as always for the comments! 0% for 24mo is a pretty good deal, I haven't heard about that before. I'm so glad you are turning the corner! It's all about being disciplined!

[@cesarsandoval3048]

You are very welcome Ross, all your videos are always great and very useful. Yes, that was a great offer from Citi and I also got another one from Chase 0% APR for 18 months, they have been very useful to help me pay my bills during my learning curve. Thanks! Definitely, discipline is key, I have been following my rules and I am finally starting to see good results, I am getting there!

[@Cactus_Wack411]

today was my first day with paper trading. your gap and go simple strategy i stuck with and ended my day trade in two hours up $300 ..call it beginners luck but you said it best, if i can end the day profitable, i can prove to myself this is doable. thank you for you knowledge and time dedicated to your brand

[@DaytradeWarrior]

Nice work! Keep it up!

[@acehexed4022]

I babysit bald eagles in the zoo for side hustle.

[@DaytradeWarrior]

That's pretty sweet!

[@TheColt45doctor]

Roy Braker how much does a job like that pay if you don’t mind me asking?

[@delidemon]

I'm an heating and air technician, and I also run an appliance repair business on the side. I fish, crab and hunt every chance I get and we always have a freezer full of seafood and deer/duck meat. With 2 young boys and an infant daughter we go thru some food in my house. We have switched to led lighting and upgraded our hvac system. We live on an island where our income is seasonal tourist based and has a high cost of living which means heavy hours away from my family(wife and 3 children) in the tourist season(summer). I've been reading everything I can get my hands on including your book, which has been soooo detrimental to my learning and I've been practicing in a simulator for a few weeks now and so far I'm averaging 150$/day with a few less than stellar days. I really hope someday I can afford to take your warrior pro course and day trade for a living. Big thanks to Ross for all the public knowledge he has on his channel I truly wouldve been lost with out it.

[@DaytradeWarrior]

Right on Andrew! Good for you!! So glad you're enjoying these videos!

[@kscott6413]

Thanks I needed to hear this I'm cutting back and learning~

[@DaytradeWarrior]

You're welcome Keenan!

[@gurdiyalsingh3906]

Wow the line " where every single day feels like the first day of summer " really hit me. I really want to be able to trade and live my life on my time and not others.

[@DaytradeWarrior]

🤓👍

[@johnnyblak7575]

Side hustles: Uber Eats delivery, washing cars, drywall repair.

[@DaytradeWarrior]

All great ways to setup some side income!

[@TheJustp91]

Beffbefwbfbefew fbw

[@ricvanwinkle1665]

im traging from my 1994 toyota celica GT4 RHD japanese import on my broken iphone on robinhood. yes and i make some great trades with no technical experience except for watching you

[@ricvanwinkle1665]

oh yeah New Jersey and i want to live up north too and i love your hustle dude

[@DaytradeWarrior]

👍🤓

[@rabbithazen1]

I just started watching your they are entertaining and very informative! I'm from Canada and when I went to your link it said CMEG has not service for Canadians. what broker do you recommend for Canadians?

[@DaytradeWarrior]

TradeZero, TD Direct and Questrade are popular with Canadians in our community- you can check them out! If you haven't had a chance to attend yet, the best way for you to learn more would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/

[@rabbithazen1]

@@DaytradeWarrior I was going to. But it but it's a little rich for my blood right now.

[@dubgaming0]

My recent side hustle is making money off illegal ROBO callers. Yes, believe it or not, each call/voicemail/text is punishable for a fine of $500 or $1500 per violation under the TCPA. This is money I will use to startup my CMEG account once I finish with the pro classes and get better with the sim. I look forward to learning more about day trading and hopefully grow my account like you have done. Thanks for all you do Ross!

[@bullonwallstreet]

Appreciate the videos. I keep sharing with everyone that wants to start trading. I've been trading 22yrs now and just easier to send off your videos then teach the basics to them myself

[@DaytradeWarrior]

Thank you! 22years wow! You've had a career! Do you average roughly the same income each year?

[@bullonwallstreet]

@@DaytradeWarrior It is consistent. Consistently changing :) I will say that a couple handfuls of decisions over the years have made the biggest difference overall. Qcom back in the late 90s was the 1st best decision and Amzn best current hold.

[@dontswin]

@@bullonwallstreet That's funny you say that about Amazon, LOL! I was at a convenient store telling the kid working there to get $350 together and buy 10 shares of it, 'even ask your parents to loan it to ya' I think it was the fall of 2008. He probably never did, nor did I then either(my dough was already tied up in a bunch of stuff) although I have some exposure to it thru a IRA. I missed a rare trading opportunity of a lifetime but back then the sky was literally falling to anyone that was closely watching the markets.

[@bullonwallstreet]

@@dontswin I have had many people come back over the years either friend, acquaintance, or sometimes only met once that would stop me at the grocery store or at a bike night which happened this past summer and tell me how they made it happen because of my over bearing way of stating they neef to invest into something even if it's just yourself and not the wild world of the markets. It happened to me as well. I remember back in February 2007 when a old man stopped into the specialty grocery store as my girlfriend at the time is helping him with a beverage selection. He picks up this bottle and says this Jones Soda is going to be hot. So she calls immediately and tells me this. I end up taking a position on a Thursday I believe it was and Friday it went crazy and continued for a bit. I don't even know if Jones Soda still exists as I'm writing this today, but I'll never forget that winning advice and that was one of the first and last times I took a position from information like that, but as you said you could almost thow money at the wall and it would stick.

[@dontswin]

@@bullonwallstreet I think REED bought out Jones. Yea I just looked it up it was 2010. Reeds valued Jones at around 37 cents which was less than 1/2 what it was trading the day before! I traded in and out of REED a few times, lately the stock is similar to what goes in a dumpster. Back in Aug. it was low $3's now 68 cents! The volume of REED shares is tiny compared to a few years back, I wouldn't touch that one now! So glad I didn't sit on that REED forever, small world sometimes. Good story, thx.

[@zulemapearce4949]

Currently donating plasma 2xs a week! I am helping others and making some extra cash to put towards trading! Thanks for all you do Ross!

[@DaytradeWarrior]

That's awesome to hear!

[@tonyomar7150]

im gonna start over with you Ross. $500 also let's get it i'll deposit my $500 next week.

[@DaytradeWarrior]

Right on man!! We'll do it together!

[@benjones6004]

better to trade with a prop account, learn to trade with someone else's money, otherwise you will be depositing a lot more than $500

[@TradingwithAustin]

Tony, keep us updated on how it’s going bro!

[@fernando651]

you better put in 1k at least to make it worth it. your bank will charge $35 and cmeg will charge $45 for the wire deposit. cmeg will deactivate your account if it falls below $350. they charge $4-$9 per trade plus $125+ in monthly fees. unless you are a seasoned trader like ross, you can count on losing money right off the bat. I blew up two 5k accounts within a couple months in cmeg like an idoit. it is VERY easy to lose money in this penny stock world. good luck, best bet is to use the sim and pretend its real money, not take ridiculous size to make big money off a few cent move.

[@tonyomar7150]

Ben jones i graduated from the warrior pro trading course. this is not going to be my first account. i know how to trade... thanks to Ross👍

[@ronelbughao8173]

I'm from Philippines, I'm newbie about stock trading, a month ago I open an account here in our local stock broker and I keep on loosing money, that's why I stop for a while and need to educate myself, I came to your you tube channel and I agree of what you have said that what we need is the winning strategy, because even we have small money we can make it grow if we have a winning strategy, and you proved it by 500 dollars start challenge and you made it big, hopefuly in the future I can trade the US market because it was a big market unlike here in our country

[@DaytradeWarrior]

Awesome, that's right Ronel, b sure you are signed up for Priority Access for the special black Friday offers: www.warriortrading.com/priority-access/

[@loyalty266]

I turn 18 in 2 months while finishing high school and I was not sure what career I wanted...I have been watching your videos for about 2 years now and I want to give it a shot

[@DaytradeWarrior]

Awesome Patriot, Thanks for getting in touch! Warrior Trading cannot provide support or services for people under the age of 18. As such, we won't be able to help you with your query. It is important to note, if you're under the age of 18, you won't be able to legally trade. However, you could still open what's called a custodial account with the help of a parent or guardian. You can ask a parent or guardian to read more on custodial accounts here: www.warriortrading.com/5-things-to-know-about-custodial-account/ I hope this is helpful. Please feel free to email us back once you are eighteen and we would be happy to help you further.

[@isaiovando9244]

I just want to pause the video and say that I’m so great full that you are whiling to teach all of us I promise you that some day i will be successful because of you and I would love to buy you dinner you a really smart guy that I really look up to! I currently learning everything about it and hopefully soon i start trading and give you results!

[@DaytradeWarrior]

Sorry for the late reply, but thanks for sharing your positive feedback!

[@LivioLuyten]

Hey! Great video! Any recommendations for a broker to be used from Belgium? Keep it up!

[@DaytradeWarrior]

Hey Livio, 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 Rebate Program: www.warriortrading.com/cmeg-broker-rebate-program/ CME Group website: cmelitegroup.com For accounts under $25,000 Minimum deposit of $1000 available to anyone outside of the USA Even Canadians: TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ TradeZero WT rebate program: www.warriortrading.com/tradezero-broker-rebate-program/ TradeZero website: tradezero.co/

[@bradleymartinmusic]

Trading from Indiana. Work 3rd shift and school part time. $500 is perfect for me but cant say I can afford the live streams. Came from a Timothy Sikes course which wasn't too much of a strategy based platform just SEC files. Nothing about charts or how to read the momentum.

[@DaytradeWarrior]

Hey Bradley, I'll be uploading all the recaps here on KZbin don't worry. Stay tuned!

[@chrisbreeze9587]

Hopefully one day I'll be trading on those portables and traveling around!

[@DaytradeWarrior]

Righ on! You can do it!

[@jaredsowers8630]

I'm trading in New Mexico! I'm starting to cut unnecessary things out and focus on the priorities in life. It's hard but its working out great, my side hustle is a vending machine 🤙

[@DaytradeWarrior]

Nice Jared, it's a process, stick with it!

[@jaredsowers8630]

@@DaytradeWarrior I will! Thank you Ross!!

[@jamiehackney4420]

What program do you recommend I use to paper trade with until I learn markets and software? Any of them real time that move with markets that use stops and real time replication on getting in/out of a trade?

[@DaytradeWarrior]

Have you checked out our simulator? You can learn more here: www.warriortrading.com/paper-trading/

[@hatry9]

TD Ameritrade has thinkorswim charting software that you can paper trade with for free. No need to spend money to paper trade.

[@ttrdf]

it doesnt say which broker you used for a small account, good advice otherwise, thank you. my friend recommended to me this channel, he follows you to the T

[@DaytradeWarrior]

You're welcome!

[@kenwood6209]

Question: With the PDT Limit enforced with brokers like ETrade, etc. can you open more than one account with them to multiply what you can day trade?

[@DaytradeWarrior]

Ken, yes that's one way to do it.

[@michaelphillips2420]

Trading from Arkansas, some brokers give special deals for veterans and/or first responders. Thank you for what you do, I have learned a lot from the videos. I have been day trading for a yr and after many red and costly days I have slowly learned my niche and am working my way back to the green. There's always something new you can learn to improve your trading and that's what has and continues to help me today. Thanks again, you're doing a great service!!!

[@DaytradeWarrior]

It's my pleasure Michael!

[@TheLittlet1976]

Never actually mentions the name of any broker in the video from the link.

[@mrsoccergod5001]

Yes it does, CMEG

[@DaytradeWarrior]

Hey Tradline, I'll be using CME Group, you can learn more here: www.warriortrading.com/capital-markets-elite-group-review/

[@dontswin]

@@DaytradeWarrior CME wouldn't be too bad of a stock to establish a core position into. I don't know if you ever do that sort of thing.

[@Kmwsstudios]

Hey Ross I am working my way towards trading full time for binary options and Forex later and what I am doing to cut costs is I cut off my phone bill didn't pay it and cut down my purchases so I can save up the money for me to start training while I learn to strategies to allow me to be profitable so I can live on my own terms and this means a lot to me

[@DaytradeWarrior]

Awesome to see people doing what it takes to make their dreams come true. Stick with it.

[@vernonschwehr4601]

Please wear gloves when handling insulation lol Also side hustles include SkipTheDishes food delivery, doing surveys, and e-commerce

[@kckc5933]

Lol please wear gloves I was thinking the exact same thing 😂🤣😂

[@DaytradeWarrior]

lol

[@DaytradeWarrior]

Yes I know the insulation is itchy!

[@stephenappiah8226]

Surveys actually pay?

[@user-zp1yx9sn9z]

@@stephenappiah8226 if you want capital , work a normal job for bills etc then go collect scrap metal after work save EVERYTHING from scrap for the trading account . Eat potatoes eat tuna HUSTLE ! if you want it , its not that hard . Look forward /get pumped to collect scrap .

[@DevOpsNerd]

I think it would be very useful to actually start like the vast majority of people with small accounts and trade under the PDT rule. In that case, would you still wait for the same setups, but only do 3 a week or would you use some swing strategies as well?

[@mr.e4757]

Hell yeah I would take a pay cut to live on my own terms!!!!

[@DaytradeWarrior]

I don't think you're alone with that thought.

[@th3orist]

there is a saying that if your mindset is to work for money, you'll never get rich.

[@mr.e4757]

@@th3orist the mindset is not about money, its about living in your own terms. I would rather make less money but do what I want!

[@camalotnite]

Hi Ross, hello from Singapore. I'm a part-time trader / investor. I watched some of your videos and find them quite interesting. Especially your $500 account challenge. So I decided to follow through this channel. Now on episode 3, look forward to see the end of the challenge.

[@DaytradeWarrior]

hey Joseph, Welcome to the channel!

[@EleMints-Aulee]

Hey Ross, would you mind making a video explaining how to do limit orders and such on CMEG

[@DaytradeWarrior]

Yes I can definitely do that!’

[@jbac5767]

I make 12.50/hr. I absolutely HATE IT. But I'm doing so knowing a year from now Ill never look back As far as cutting costs. Don't go out, don't eat out, work and home. No more pool, movies, anything.

[@DaytradeWarrior]

All about taking one day at a time, stick with it!

[@TheDarckwar]

Doing DoorDash after college classes. I should have 2k by December 1st

[@DaytradeWarrior]

Right on man!! That's awesome!!

[@avitolourenco]

damn, that much money, holy crap, i wish i could have something like that in india that payed that well

[@PizzaConTodo]

That even sound more safe than day trading

[@TheDarckwar]

If you are in populated area that has DoorDash you can make 300 to 700 a week from it if you put in the work for it.

[@PizzaConTodo]

@@TheDarckwarBut it won't get you to a million dollars in a life time and Ross already goes for the second :-(

[@espocartoons]

These are my favourite videos that you do. Understanding you need to reduce costs to potentially increase revenue. It amazes me how many people have never even thought about this? They want more money whilst spending beyond their means???

[@DaytradeWarrior]

It's easy to overlook Craig, and it's easy to get caught up in spending money left and right. All we can do is try to stay humble and do the simple things.

[@lcarltbmx6743]

You could completely avoid the PDT rule by having a cash account.

[@lcarltbmx6743]

@@0xNefu Split money in half. That way you could trade everyday.

[@ferengiprophet2185]

A major component of his strategy is to use leverage to grow a small account as quickly as possible.

[@richardbarrientos6816]

Ustocktrade ,cash account no pdt , and deposits same day. Only draw back is $1000 only deposit

[@DaytradeWarrior]

YES totally, but settlement margin takes too long. Check out the video on this page where I breakdown the MATH of trading within the PDT rule. It literally would have taken me 5x as long to grow my account. www.warriortrading.com/small-account-challenge-pdt-rule-guide/

[@DannyOvox3]

Everyone comments about the cash account, it’s a tale as old as the wind. Most day traders know about it but the settlements are awful.

[@Dannyvan14]

I stay in RSA. $500 is basically what I get out after tax from my 9-5 job every month here. I am saving, I wanna start with about $700. Rand to $ exchange rate is about 15:1 I am watching your videos to learn everything I can, coz when I start there will be very little room for error. But, I don't need to make a lot for it to be worthwhile for me.

[@DaytradeWarrior]

Glad that you are watching the videos! Keep it up Danny!

[@jamespagnam2036]

Great video. Some of the side hustles that I employ are painting interior/exterior houses, working part time at Walmart and residential cleanup of brush/debris. Will consider Uber in the future.

[@DaytradeWarrior]

Nice, keep it up James!

[@donaldwhitt1232]

Play in a band about 3xs a month making $100 a show. Still trying to follow my rules as trader

[@DaytradeWarrior]

👍🤓

[@Doza-uk]

I switched my heating to use smart plugs and use Nodered to control when they come online automatically or if manually turned on turn off after an hour. looking to add temp sensors in all rooms to automate it more

[@DaytradeWarrior]

Nice, great way to save!

[@mikemclean6242]

Do you recommend using leverage for beginners? All of your small account challenges are leveraged...

[@DaytradeWarrior]

Mike, I recommend beginners start on a simulator! www.warriortrading.com/paper-trading/

[@omarhendricks9533]

Cape Town here, thanks Ross

[@DaytradeWarrior]

You're welcome Omar!

[@kirkedcarter]

Funding my small account with some liquid cash I have. Short term rental income and educational video course production could help my account grow outside of trading.

[@moncydany]

From qatar. I run a small business in the morning and work on trading in the evening. 5:30 pm is 9:30 am in new York :)

[@DaytradeWarrior]

Awesome, that works great!

[@colinmaharaj]

Side hustle, hmmm, thinking of selling software utilities I've written over the years. Oh I'm from Trinidad in the Caribbean. Ross, I really am impressed by this episode. It's sets you up for the whys and the hows we are doing this. Also spending money like a crazy person ain't gonna make you keep your profits, I like the idea of doing what you can to reduce cost and expenses. I want to add that what you spend on yourself or on others should have the greatest impact, and thus you should make good use of your money to enrich yourself and others.

[@DaytradeWarrior]

Great thinking, let's do this Colin!

[@notimportant3686]

wait, so is the PDTless broker that CMEG one?... or someone else?

[@DaytradeWarrior]

Yes, it's CME Group, you can learn more here: www.warriortrading.com/capital-markets-elite-group-review/

[@lswanson87]

Substance living is a side hustle that can make a little money but pays yourself in many ways Hunting, foraging, trapping and fishing can really reduce your bills at the grocery store and can generate extra cash. It also gets you outside in a healthy environment. Exercise and fresh air will clear your mind and promote better decision making skills. Balance Is the key

[@DaytradeWarrior]

That’s awesome! Those are impressive life skills!

[@dbfence1]

I cut my own wood too! I drive a truck and I’m a licensed contractor two jobs to make it work sir

[@DaytradeWarrior]

Nice Darin!

[@alwayswinning3743]

Darin Bordonaro I signed up in Xmas from Sydney still haven't heard squat

[@Journey2ATrilli]

I hate doing it but I donate plasma to fund my account. I've decided to paper trade before I actually use the money because I acquired the money in a way that I'm not willing to blow so fast. I'm also saving up for your Warrior Pro course Ross! I'm looking forward to being one of your students one day.

[@DaytradeWarrior]

That's smart Lawrence, look forward to having you on board!

[@Trippp550]

My side hustle is selling my comic books that I accumulated over the years. I have a lot and many of them are golden age comics

[@DaytradeWarrior]

Wow that's awesome! I bet those can be very valuable!

[@cheskys.5910]

I took a second job as a teacher to make capital and Im saving it up now, very excited to start

[@DaytradeWarrior]

Awesome!

[@ryanpauley4015]

firstly, thank you for being you and doing this! you're a sharp dude and your work is appreciated. i cut my water bill down 30% by turning my shower water off while i lather and also when I brush my teeth. yeahhh buuddyyy!

[@DaytradeWarrior]

You're welcome! And that's a way to save money and the environment!

[@danp6885]

Trading from Barcelona!! Still working trying to make this a Carrer.... The 500 account will help me learn and see many details I still need to learn

[@DaytradeWarrior]

Stick with it Daniel!

[@stefanstadie586]

Hey Ross! This is my favorite relatable video so far. I've seen your live day trading but do you ever take any swing trades?

[@DaytradeWarrior]

Glad to hear it! I don't take any swing trades, though, we recently made a great article that goes into detail about how we swing trade, and include links to a watch list that gets updated on a regular basis. Click here to check it out: www.warriortrading.com/swing-trading-strategies/ Let us know if you have any further questions on this topic and we would be happy to help!

[@NJBeachHunter]

I just funded my CME today. Small account for 500.00 Thanks Ross! I also have Webull but wound up going long on a stock most likely until Q1 2021. I looked into Tradezero as well and it seems they do not accept US accounts. TradeZero is registered with the Securities Commission of the Bahamas. View TradeZero's brokerage license. Disclaimer: Please be advised that TradeZero DOES NOT accept accounts from the United States, Bahamian Citizens or persons domiciled in those jurisdictions. -Regards, Matty

[@DaytradeWarrior]

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

[@NJBeachHunter]

@@DaytradeWarrior I will do that. Thanks!

[@NJBeachHunter]

@@DaytradeWarrior Well so much for that. In the first 2 days of having the account funded i dropped below 350 and now it will be liquidated. I wish i could afford your course. Tough with a family of 3 with both parents out of work. Sigh....

[@aelnaga]

Ahmed from Cairo, Egypt Time difference allows me to Trade after work - nearly- as its 3:30 pm when NY market opens :)

[@DaytradeWarrior]

That works great Aelnaga, how has it been going?!

[@aelnaga]

@@DaytradeWarrior Thank you for asking. We had a revolution a few years ago. But now life has moved on and We're all back to our every day life routine. Come visit soon😁

[@christianlechuga4149]

Comment on your day trading i think everyone knows what happened in Egypt thanks to fox and cnn

[@marcelomancini3066]

Hey Ross, trading out of Buenos Aires Argentina. I was a Pro student and have been following you for a year now. I recently went live and looking forward to your new small account challenge.

[@DaytradeWarrior]

Nice Marcelo, glad you're excited! Hope trading has been going well!

[@marcelomancini3066]

Thanks Ross, it’s going... still learning everyday. Thanks to you and your teaching I have made it this far. Living to trade another day but still need to maximize my winners and reducing my losers. I was hoping to see you in Miami but had to reduce my expenses until I become profitable. Maybe next year.

[@rgasta7765]

@@marcelomancini3066 hI wHAT broker are you using?

[@marcelomancini3066]

English Lessons on Skype I use CMEG founded with US account