DAY 1 đŸ’„ of Day Trading with a $500 account 🚀 Small Account Challenge Ep 7

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  • čas pƙidĂĄn 2. 12. 2019
  • Want to watch đŸ“ș the video of me live trading for the first time in my new $500 account ❓❓ Click here warrior.app/1st-day-trading-500 to download the videođŸ’» and learn more about my strategy đŸ•”ïž - CMEG MARGIN UPDATE - I spoke with my broker and they said I was getting 4x Margin on $520 (the balance before the platform fee was withdrawn).
    Ready to learn more about day trading with me ❓❓ Click here 👉warrior.app/learn2trade to take a FREE class, where you can learn 1. How to find the right stocks each day without stock alerts 📈 2. How to manage risk ⚖ 3. What about that pesky PDT rule? đŸ€”AND More!
    Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈
    Before we continue...👀
    💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
    ❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
    ❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky www.warriortrading.com/why-mi...
    🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
    ✔If you don’t agree with those terms and our full disclaimer (www.warriortrading.com/discla..., you should not continue watching our videos.
    Still with me?
    Now let’s dig into some helpful information 

    What’s my story? ✏ You can read it here: www.warriortrading.com/ross-c...
    And check out my broker statements here 📝 www.warriortrading.com/ross-c...
    Our website is filled with free info 🔎 Start with this guide, no opt-in required: www.warriortrading.com/day-tr...
    Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class đŸ’» Register here: www.warriortrading.com/free-d...
    #daytrading #warriortrading #rosscameron #stocks #learntotrade
    Warrior Trading // Ross Cameron // Day Trade Warrior

Komentáƙe • 1,4K

  • @DaytradeWarrior
    @DaytradeWarrior  Pƙed 2 lety +3

    Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈

  • @investheavy
    @investheavy Pƙed 3 lety +24

    Finally, someone making a video that actually teaching stuff, not just showing how amazing trader they are with all that only day stock trading that nobody knows of. Thank you so much for ur educative video
    .

  • @Dr.A.Rosenberg
    @Dr.A.Rosenberg Pƙed 4 lety +21

    Ross I have the utmost respect for you that you actually read and respond to every comment !

  • @DP52001
    @DP52001 Pƙed 4 lety +8

    Thanks for being so awesome, Ross. These videos (and many others) are where the real truth lies: making trades, some good, some great, some not so great, etc...excellent learning opportunity for so many traders, and deeply appreciated. Keep up the awesome work...

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Thanks for the positive feedback Dee, means a lot!

  • @alrachid2
    @alrachid2 Pƙed 4 lety +7

    I just want to thank you for your knowledge, time, and effort. Its very insightful and fun to watch.

  • @Dm-rm6ti
    @Dm-rm6ti Pƙed 3 lety +16

    I must say I really enjoy re-watching all of these videos of yours because of how you show and explain your decision to take a trade using the level 2 and time and sales. Thanks a whole lot, Ross!

  • @HugoCorrea
    @HugoCorrea Pƙed 2 lety +7

    Thank you for your hard work, I am finally ready to start trading after too many years of physical work, please teach me how to do it, I know you teach from the heart.

    • @nomad2611
      @nomad2611 Pƙed 2 lety +2

      If you have the cash go through his training. The big bonus is you get the coaching n him. While that won't create success I believe its a step closer 🚀

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 2 lety +2

      It's great to hear that! 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/

    • @HugoCorrea
      @HugoCorrea Pƙed 2 lety +1

      @@DaytradeWarrior thank you

  • @johnathonlangley5699
    @johnathonlangley5699 Pƙed 4 lety +2

    Thanks for the live video footage of you trading. It's good to see your thought process live and the speed at which these trades take place.

  • @SB-rs8te
    @SB-rs8te Pƙed 4 lety +7

    Thanks Ross. Learning a lot by watching your videos. I like how you don’t make trading your life which is an easy trap to fall into. Everything in moderation.

  • @jeffreyfahie1502
    @jeffreyfahie1502 Pƙed 4 lety +4

    Awesome video, Ross. Congrats on a great 1st day.
    Being able to see the level 2 in action is really freaking cool. Time and Sales is one thing but having Level 2 is such an edge. It was really great to see that. I havent seen too many videos that breakdown L2 and how one would use it to find strength and weakness of the stock.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Thanks Jeffrey! Level 2 is where it's all about! Keep practicing and watching the tape!

  • @theGuitarTNT
    @theGuitarTNT Pƙed 3 lety +4

    Hi Ross, if you decide to jump so quickly into Stock, do you fill with market order or limit order? And vice versa while sellling partial - these are all market orders?

  • @samnorris1726
    @samnorris1726 Pƙed 3 lety +4

    Hey Ross! Great video's as always (second time watching this challenge for tips etc) with CMEG, how do you use hot keys? I just have the demo at the moment to see if I want to use the platform however the hot keys do not seem to be there, are you using a CMEG account in different software? Any help would be great, thank you!

  • @juankyf5732
    @juankyf5732 Pƙed 4 lety +18

    Great video, and very informative! You're trading so fast, how do you determine your Stop loss? Are setting the loss in a template for 10 or 20 cents below the buy point? Thank you for the video!

  • @ca2k4191
    @ca2k4191 Pƙed 4 lety +37

    Love how you show us what’s on your mind! Very informative!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +4

      Glad that it helps! Thanks for sharing.

    • @lukebrowne7381
      @lukebrowne7381 Pƙed 3 lety +1

      @ben kent wow you too know her?

    • @lukebrowne7381
      @lukebrowne7381 Pƙed 3 lety +1

      got linked up with her from linkedin never knew anyone will know her here she's a genius

    • @watterjsmith4962
      @watterjsmith4962 Pƙed 3 lety

      @douglas s. kramer its not ignorance but due to unprofessional brokers in the trade market sir

    • @chanmeng1664
      @chanmeng1664 Pƙed 3 lety

      please share her details

  • @KeenaandMattsJourney
    @KeenaandMattsJourney Pƙed 4 lety +2

    I jumped into your $5 intro to Warrior Pro chat room and have learned so much from you this week!

  • @samarmin
    @samarmin Pƙed 3 lety +1

    Hi Ross! , just wanted to tell you that I have seen your videos over and over and over and over again, they really inspired me and give me hope. I have been trying to be a day trader like your self, without any success for now, I have been trying for a 4 years now also with a very tiny account and trying to grow it. I hope some day I will be a successful trader like your self. Keep up and thanks for teaching us.

  • @rgasta7765
    @rgasta7765 Pƙed 4 lety +16

    I love this video. I watched it twice. Its should be shared and published on all "how to day trade" textbooks. The selection, execution, explanation, absolutely well explained. The only one thing it didn't show is the "sell at the ask" part : was that preset with a hot key button? The platform is Lightspeed? One thing to notice: The speed of this trade was fast, I'm sure it takes lot of practice to acquire that speed. Thank you Ross for teaching us.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +9

      I am using CMEG as my broker, as for the selling on the ask hotkey, it is a limit order to sell on the ask with a -.01 offset.

    • @ronkirby5290
      @ronkirby5290 Pƙed 4 lety +1

      and it is all blurry

    • @The_Humble_Servant
      @The_Humble_Servant Pƙed 3 lety

      Warrior Trading I asked was it CMEG on an comment I just posted. Searched another comment and got the answer. Thanks for this video and good trading!

  • @kentonnash4042
    @kentonnash4042 Pƙed 3 lety +8

    Successful people don't become that way over night. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time.

    • @tracyhill4584
      @tracyhill4584 Pƙed 3 lety

      Yeah, I agree with you Sir.

    • @tracyhill4584
      @tracyhill4584 Pƙed 3 lety +1

      If you want to be successful have the mindset of the rich, spend less and invest more. Don't give up your dreams

    • @ferdbelly5874
      @ferdbelly5874 Pƙed 3 lety +2

      People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me chase knowledge first and i promise! The money will follow you

    • @monicaboyle1516
      @monicaboyle1516 Pƙed 3 lety

      Don't be in hest to invest. Know what and who you are Investing to be sure that the person will deliver before investing

    • @monicaboyle1516
      @monicaboyle1516 Pƙed 3 lety +1

      Learn and get the knowledge first before investing

  • @owenjeremy5384
    @owenjeremy5384 Pƙed 4 lety +2

    Ross for the first time I saw you day trading live while you showed us, now I understand more in-depth how you trade using your tools, hotkeys and buy/sell button you should have videos of you live trading posted at least once a week just a thought. SEE YOU AT THE INNER CIRCLE MIAMI :) COME AND WARM-UP BEACH TIME.

  • @Mynewhandle777
    @Mynewhandle777 Pƙed 4 lety

    Amazing first day on new account. You rock Ross đŸ’Ș

  • @AlexWinkler
    @AlexWinkler Pƙed 4 lety +32

    phew that was an intense trade, awesome stuff

  • @deesilencieux8398
    @deesilencieux8398 Pƙed 3 lety +5

    Hey Ross, quick question. i'm very new to all this, but couldn't you have put a limit order to sell it at 11 or more?

  • @edmondsonoffgridhomestead8932

    Thx Ross for sharing! I’m warming up to the idea that I may be able to do this. I much appreciate your frank conversations on the reality of daily trading. I’ve watched 2 webinars and have been reading your book and watching your daily videos.

  • @demarcusturner2542
    @demarcusturner2542 Pƙed 2 lety +1

    Thanks for this, straight to the point and easy to understand

  • @ML4Z
    @ML4Z Pƙed 4 lety +19

    When you sell partial of your position do you sell at bid price?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +14

      I try to sell on the ask when selling partial ML4z

    • @matthewd.gonzalez8724
      @matthewd.gonzalez8724 Pƙed 3 lety +1

      A thousand bad days can makes a thousand stories and having a thousands stories makes you very interesting at parties i have had a lot of experience trading Forex and this ended up leading me to success. If you want to become a successful get yourself a strategy, *The Huon Fresne Strategy* is the best of the best as confirmed by many traders, google it.

  • @iAmCrunchy1
    @iAmCrunchy1 Pƙed 3 lety +20

    *What camera setup are you using? Looks amazing!!*

  • @27Zangle
    @27Zangle Pƙed 4 lety +1

    So much to learn. Very overwhelming. My grandfather was successful with trading and remember him giving me the talk about how to invest. Sadly, I was only 16 or 17 at the time and was more worried about stupid stuff rather than take notes or listen.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      It's never to late to start! 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/

  • @poncepilatefilsde5045
    @poncepilatefilsde5045 Pƙed 4 lety +1

    Greetz from Belgium, never late to discover some brillant people. Good continuation

  • @margueritewhite9462
    @margueritewhite9462 Pƙed 4 lety +10

    Started a small account challenge today made 125, would have made double or even much more if I would have pulled the trigger, started 500 flat.Goal is to make 30 grand in a month.

  • @reinisaraks6557
    @reinisaraks6557 Pƙed 3 lety +3

    Hi I'am just wondering if you use leverage and how large is it?

  • @viewerpet12
    @viewerpet12 Pƙed 4 lety +2

    Ross start-over, I started today too. I have a cash account and a margin but I am only using the cash account with $500 and am up $40 for Day 1. You should do it without margin until your account is, say $2000. It will build confidence in the people who have a little $500 cash account. Plus you know you will get your account up to a couple grand in no-time

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      Lenard, congrats on the green day! CMEG offers 4x margin on my account and they also accept international members so it's possible for others to do the same and get the same amount of margin. You can find out more about CMEG here: www.warriortrading.com/capital-markets-elite-group-review/

  • @Matt-zh4cz
    @Matt-zh4cz Pƙed 4 lety

    Great recap and yes... great return for account size. Awesome day one :)

  • @andressacardoso9944
    @andressacardoso9944 Pƙed 4 lety +4

    Hello!! I’m new here, trying to learn as much as I can. When you sell shares it takes a few days for the money to go back to your account right? How did you buy the shares back right after you sold them? Great video!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 3 lety

      Hey Andressa, I go over this in the Warrior Trading Starter course: www.warriortrading.com/warrior-starter-info/

  • @ghicks71461
    @ghicks71461 Pƙed 4 lety +3

    Thank you , I’m going to save money so I can join warrior trading.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      You will not be disappointed that you did!

    • @angel429
      @angel429 Pƙed 3 lety

      @@DaytradeWarrior is there a way we can join you and do the same day trading while you're doing it

  • @flintwoodworking
    @flintwoodworking Pƙed rokem

    This series has got me hooked! I've been watching and learning for a few months now from youtube to see if trading is something that I would like to get into! your channel and videos are a great inspiration and so thank you for sharing your trading journey with us all. Next step for me is to start a paper trading account and keep watching and learning until I'm ready to take the plunge for real. Keep up the great work Ross!! (Your dogs adorable too!).

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed rokem +1

      Glad to hear that! Happy to share 🙂🐕

  • @patrickmugisha2691
    @patrickmugisha2691 Pƙed 3 lety +1

    Thank u , your video have changed my persepective of money

  • @MattCowlinn
    @MattCowlinn Pƙed 4 lety +3

    Love it! What platform do you use to actually buy and sell your shares?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      Matt, I use Lightspeed as my broker! But for the small account challenge I am using CMEG. www.warriortrading.com/capital-markets-elite-group-review/

  • @kylezane2718
    @kylezane2718 Pƙed 4 lety +21

    Hey Ross, thanks for the video, always informative. I am curious, how did you execute 200 shares and have it go through. Even with a margin at $400 with a 4:1 that’s only $1600, when 200 shares at $9.87 is $1800?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +9

      I think I must have had the full 6x leverage on my account, which surprises me, but I've heard CMEG is inconsistent with how they enforce margin, so that may be it.

    • @Codywtkns
      @Codywtkns Pƙed 2 lety

      Any chance y’all could explain how this works? How can you buy more than you have?

    • @lukanikolava7137
      @lukanikolava7137 Pƙed rokem

      @@Codywtkns I am a little confused about this too â˜č

    • @DanielSan21
      @DanielSan21 Pƙed 10 měsĂ­ci

      Yea a little fishy. Especially when most people who would open an account with 500$ would only be able to use a cash account if they want to trade the way he is showing, which means no leverage.

  • @89stock
    @89stock Pƙed rokem +1

    Love your attitude and gratitude towards the day even tho missed out I accidentally didn't set my stop loss/profits and glad I didn't bought at 6.85 sold at 16.25

  • @cindyneal5580
    @cindyneal5580 Pƙed 4 lety +2

    Wow looking at this video back in the winter time...it almost made me feel cold. Its June 2020 now canada is hot !!!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Yeah, we finally started getting warm weather about three weeks ago, it was crazy. You can never tell when the seasons are going to change in the Northeast.

  • @darianamorera5256
    @darianamorera5256 Pƙed 4 lety +3

    Thank you for these videos; what trading platform do you use for small account day trading??

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      You bet Dariana! I recently did a great video on how to trade without PDT in a small account here: czcams.com/video/Tm-mOUMkM8E/video.html
      Hope the helps!

  • @Culurgione
    @Culurgione Pƙed 4 lety +3

    Hey Ross, thanks for the recap. I have a question. You mentioned that you got stopped out holding those 25 shares. When the trade is going up, I imagine you are adjusting your stop higher than the entry level. The second stop you will use is it send with a hotkey? And which price takes into consideration? ask, bid or average?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Yes, I use a hotkey to sell on the bid -.05 to account for slippage.

  • @4682felipe
    @4682felipe Pƙed 3 lety +2

    Your awesome bro your content in genuine 🙌 im GOING to start trading soon got my side hustle need to save capital and im GO đŸ’Ș ! I work for Waste Management and im just done with the physical side of work i KNOW i can day trade and do this

  • @InLawsAttic
    @InLawsAttic Pƙed 4 lety

    It was great watching your trade! Congrats!! I didn’t trade yet, not brave enough on that one, my account is cash only....Whew! Tomorrow...Thanks Ross!

  • @alexchris3982
    @alexchris3982 Pƙed 4 lety +3

    Wew ~ That was fast. Looking forward in trading US market this 2020 & learning a lot from this channel.
    Thanks for sharing Ross.

  • @lifewelldunn
    @lifewelldunn Pƙed 4 lety +6

    Ross, I’ve been watching several videos of yours. I’m brand new to this and want to learn with a small account. What do I need as minimum you get started/practicing?
    Thanks!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +4

      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/

    • @numbernine3436
      @numbernine3436 Pƙed 3 lety +1

      You start w/500, fees are approx $120, stock went up you made $156.. are you taking the fee of $120 from the $156 ? I'm COMPLETELY new to this. I'm trying to understand the basics. Did you earn $156 or $36 after fees đŸ€”

    • @AlienBros
      @AlienBros Pƙed 3 lety

      @@numbernine3436 that varies with the broker. I use ToS through TD Ameritrade because there are no fees.

    • @karizkhan5147
      @karizkhan5147 Pƙed 3 lety

      @@AlienBros are you still using them?

    • @AlienBros
      @AlienBros Pƙed 3 lety +1

      @@karizkhan5147 Yeah I haven't had much of an issue with them aside from once where their software went down for about half day several months ago. Otherwise they have been alright.

  • @madlad1.
    @madlad1. Pƙed rokem +1

    Started with $400 yesterday and am at $750 on day two, let’s get this bread.

  • @randybowen2140
    @randybowen2140 Pƙed 2 lety +1

    cant wait
    thanks for all you do

  • @AzazelHash281
    @AzazelHash281 Pƙed 3 lety +4

    So much transparency and so much patience this is where I’d like to be I think I can learn to trade here

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 3 lety +2

      Thanks Rodney! Transparency is extremely important to me and the reason why I post all of my broker statements on the Warrior Trading website: www.warriortrading.com/verified-earnings-2019/
      www.warriortrading.com/verified-earnings-2020/
      www.warriortrading.com/verified-earnings-2021/

  • @jongates4254
    @jongates4254 Pƙed 4 lety +3

    I'm from bennington vt and love reading everything about trading I watched your seminar on day trading I'm looking in to a mentor so I feel comfortable pulling the trigger thanks for your time

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +2

      Hey man right on! Just up Route 7! I'm in MA now 🙂

    • @jongates4254
      @jongates4254 Pƙed 4 lety +1

      I'm keep reading you book and watching videos until I understand it keep up the good work.

  • @dicktomasko1553
    @dicktomasko1553 Pƙed 4 lety +1

    Daytrade ugaz all day long. Up dwn up dwn up dwn. Great vids 👍

  • @pm375
    @pm375 Pƙed 4 lety +1

    I have to say that as you’ve experienced, you will run into communication gaps, delayed responses, miscommunications, nickel and diming fees and sub-par service at CMEG.

  • @danielslara2010
    @danielslara2010 Pƙed 4 lety +3

    When you have a small account how many shares do you buy at once to make a profit?
    How do margin accounts work?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      I was buying with 90% buying power with max risk of 10% of the account per trade. This type of aggressive trading should only be attempted after going through our Warrior Pro course

  • @blakehughes5323
    @blakehughes5323 Pƙed 4 lety +3

    If you’re a new trader and found this channel I highly recommend subscribing. Has helped me a lot!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      Appreciate that Blake! Glad to be able to share my experiences.

    • @offlong
      @offlong Pƙed 4 lety

      What about pdt rule? How he can able to day trade with just couple hundred?

    • @denisryzenko2034
      @denisryzenko2034 Pƙed 4 lety

      @@offlong there are brokers outside of america that dont enforce the PDT rule, but have commission fees. I think CMEG is one of them

  • @billbassettrealestate8879

    I did the free webinar, & can't swing the cost of the warrior pro. I love what you do & know there's value there. I know its a risky venture but realistically I can swing the 3 months of payments while affording that 1st payment. If I went that route what are the chances I would make enough to cover the 2nd months charge?

  • @danacarney9951
    @danacarney9951 Pƙed 3 měsĂ­ci

    youre amazing, THANK YOU

  • @DreamingTree53
    @DreamingTree53 Pƙed 3 lety +9

    So I just realized that your $500 challenge involves using margin. Doesn't that make the losses 4 times bigger? Is there a video that explains risk management specifically for margin losses?

    • @dbaldwin71
      @dbaldwin71 Pƙed 3 lety +5

      I thought the same thing ... not all of us have a Margin account... so. But the process of how to take the trade is more of what I'm looking at.

  • @tjsnedden4674
    @tjsnedden4674 Pƙed 4 lety +3

    best day trading video i’ve ever watched

  • @chrisphillips1973
    @chrisphillips1973 Pƙed 4 lety

    Great video Ross, thank you for sharing. Quick question, when you use your quick keys to buy and sell, are you buying at market? Or at a limit price? My Etrade only allows market with the quick keys.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      i know etrade only allows market orders with quick keys, but my broker allows limit orders. That's what i'm using.

    • @chrisphillips1973
      @chrisphillips1973 Pƙed 4 lety

      @@DaytradeWarrior Great to know! Thanks man!

  • @lanapier4029
    @lanapier4029 Pƙed 3 lety +1

    hey Ross! I've been following your videos and I got to say I learned a lot from them! thank you for being awsome.
    Also, I have a question, you said that there is double bottom there, you meant for the pattern? and which one? the bullish double bottom or bearish? and how you realized that?
    Thank you!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 3 lety +1

      Thanks for watching! The double bottom is when a stock bounces off the same price it bottomed previously. I view a double bottom as bullish not bearish.

  • @malcolmneme6924
    @malcolmneme6924 Pƙed 4 lety +3

    Hi Ross, were you able to trade this with Leverage? considering you only had $395?. 100 shares @ 10.60 = $1060

  • @2206cynthia
    @2206cynthia Pƙed 3 lety +5

    Hey. I’m a beginner. Love this video. Makes perfect since especially beginning with a low amount. Is there a way to begin and start turning with beginning with $100 to invest. I realized two weeks ago I had opened a app I had got a free stock that was at $127. I sold on then took $111 of that and bought a stock that was being heavily watched. I kept up with the news about this stock and sold gaining about $60 but it drove me crazy just watching it for a week not knowing how to set margins like I’m seeing in this video.....if setting margins is the right term. Decided while it was up to sell and try and get better educated on it before going further. Is it possible to begin with a $100-$200?
    Thanks!!!

    • @zerox2016
      @zerox2016 Pƙed 3 lety

      Wow you just made free money 😳
      Can you please tell me the app which gave you free stock on registering?

    • @jonsmith4744
      @jonsmith4744 Pƙed 3 lety +2

      Zerox if you deposit $100+ on webull they give you two stocks ranging from $8-$1,600. At least that’s what they say. I haven’t done anything with webull

  • @johnqpublic9414
    @johnqpublic9414 Pƙed 3 lety +1

    HI Ross and thank you soo much for sharing. I am finding that I am over 65% success in my trades but I am down in $. I am having difficulty cutting my losses even though not one has bounced back once it went south. I have tried to set a mental stop but should I set a physical "stop?" If so, is there a way to set the stop before execution? Thank you.

  • @leviblackburn6381
    @leviblackburn6381 Pƙed 4 lety +1

    Liked the live footage 👍

  • @ctdesign1503
    @ctdesign1503 Pƙed 4 lety +3

    thanks ross

  • @armandssakne1868
    @armandssakne1868 Pƙed 3 lety +3

    What king of leverage your account has if you can take $10 stock with $500 account and trade 100 shares?

    • @jaretwinters5581
      @jaretwinters5581 Pƙed 3 lety

      Im having a hard time understanding too. Like what?!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 3 lety

      Brokers like CMEG will allow you to day trade with as little as $500, and offer 4x leverage. They offer 6x leverage for accounts over $2500

  • @HBGarageyoutube
    @HBGarageyoutube Pƙed 4 lety

    Hey Ross Great stuff!! I watched the live trading and was mind blown! Is that the chat room I can sign up for and see all of your screens?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Thank you!! I appreciate that! You can signup to the chat room to see my screen share, yep!

  • @Juan-fi3ky
    @Juan-fi3ky Pƙed 4 lety +1

    So, when you filter stocks to preselect the stocks that are promising, the requirements that you look for (+5%, high volume...) is for premarket trades? Or you do it a few minutes into the market opening?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      I do it before the market open, then trade those stocks once the market is open.

  • @JohnDoe-yh6qi
    @JohnDoe-yh6qi Pƙed 4 lety +3

    Watching this gives me anxiety lol . I’m way to new to this . I hate loosing money

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      Confidence comes with practice, we have a simulator that allows beginners to paper trade before risking real money. www.warriortrading.com/paper-trading/

  • @Kofibasic101
    @Kofibasic101 Pƙed 4 lety +8

    How did you get leverage if it was below $500?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +2

      I have no idea! But they gave me leverage. I'm surprised because I thought below $500 meant no margin.

  • @sergiolescano1709
    @sergiolescano1709 Pƙed 3 lety +1

    Such a great video!

  • @stephaniew4972
    @stephaniew4972 Pƙed 3 lety

    Do you have to wait till the settle date to sell? Or can you sell before the settle date?

  • @Bethethird
    @Bethethird Pƙed 4 lety +6

    Hey Ross! Thank you for the great content. Interested in trading however my budget is not the largest, what options do we have as smaller traders with something along $500 to $1000, I've learned that you need 25.000 to start daytrading. Any ideas?
    Thank you!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      Hey Beth, good question, I recently did a great video on how to trade without PDT in a small account here: czcams.com/video/Tm-mOUMkM8E/video.html
      Hope the helps!

    • @Bethethird
      @Bethethird Pƙed 4 lety

      @@DaytradeWarrior Thank you Ross! Will check it out now :)

    • @marcusmay5461
      @marcusmay5461 Pƙed 4 lety

      Bethethird trade crypto

  • @Stcoadrdfo
    @Stcoadrdfo Pƙed 4 lety +83

    15:47 "now i am holding 25 hundred shares", haha, Ross still things he operates with 100k + account

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +33

      Did I say that?! lol

    • @you5711
      @you5711 Pƙed 4 lety +5

      Great catch, Peter!!! I was so engrossed with the mechanics of the trade that I completely missed that. 15:46

    • @joshdent7243
      @joshdent7243 Pƙed 3 lety +3

      500 bucks and can buy 200 shares of a ten 10$ stock....lol
      25 x10 is????

    • @polskakurwa67
      @polskakurwa67 Pƙed 3 lety

      @@joshdent7243 exactly whati thought to

    • @michaeldavis892
      @michaeldavis892 Pƙed 3 lety

      @@joshdent7243 He has 6x margin so he can buy 200 shares @ 10

  • @Slrpics
    @Slrpics Pƙed 4 lety +2

    People are going to be hating and pulling their hair out as you grow this small acct. I trade in tos paper and I play 95% of the plays you play. I’ve been trading with $1500 for the past year and with discipline that’s more than enough to make $200+ a day consistently. I’m going live ASAP but in the meantime I’m betting your going to more than easily do another million from only $350 this time. God speed Ross! Like I said people are going to hate and even when it’s done still disbelief you did it but I personally see how it can be done. It’s not near to impossible either.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      That's the goal Shane, appreciate the support!

    • @jakegrace108
      @jakegrace108 Pƙed 3 lety

      Hi Shane, any update after your 1st year of live trading with real $? Great to hear your experience, thanks for lmk

  • @jimle8444
    @jimle8444 Pƙed 4 lety +2

    Wow that’s phenomenal

  • @thehelmet8569
    @thehelmet8569 Pƙed 4 lety +3

    Hey man, hopes you see this through the ocean of comments aha. But why do you choose to trade equities instead of forex for example.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Equities is what I am most comfortable with and makes the most sense to me so I have stuck to them!

    • @FinancialConsultdotcodotza
      @FinancialConsultdotcodotza Pƙed 4 lety

      @@DaytradeWarrior how does the tax compare between equity capital gain vs trading currencies?

  • @julianleischner3700
    @julianleischner3700 Pƙed 4 lety +5

    Seeing you trade live is a little overwhelming for someone just starting out. It brings up so many questions for me :P
    But mostly:
    1. Are there alternatives to Sterling that work similarly but don't cost as much? Could you come up with a free or low budget setup to substitute all of this software? Sure it says 2 weeks free trial for Sterling but as far as I could find it's 100+$ of subscription cost per month after that and starting out with 500€, no experience and low expectations makes that look like a steep price to pay, especially if I'd first have to learn how to understand everything that's going on on your screen and how to use it.
    2. I assume anything much slower than this is sort of pointless or at least makes trading profitably more difficult? I live in Germany and have been looking at brokers in Germany or at least the EU but on most of the sites I haven't seen a lot of information about hotkeys or software that comes even close to the speed and amount of information that you see there.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      1. If you are planning to use CMEG, Sterling or DAS are the only options and they both have a monthly fee.
      2. It's definitely recommend that you sign up with a fast broker like CMEG or Lightspeed as execution speeds can be tough for day trading at other brokers

    • @julianleischner3700
      @julianleischner3700 Pƙed 4 lety

      @@DaytradeWarrior thanks for the advice 👍

  • @ujjvalkumar2321
    @ujjvalkumar2321 Pƙed 4 lety +1

    its very good information sir...
    i love your work

  • @StevenTheGreat_
    @StevenTheGreat_ Pƙed 3 lety +1

    I’m only 10 seconds in but I paused the video to say thank you for takin the time out of ur day to show us people with below 1000$ to spare, what we can do with at least 500$.

  • @MicahPotts
    @MicahPotts Pƙed 4 lety +7

    I've been studying day trading for 2 months now and I still have no idea what's going on in this video!

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +3

      Hey Micah, Thanks for reaching out to us! The best way for you to learn more about trading and how you can get started would be to join us in the next live Warrior Trading webinar. It's free to sign up and you will receive a copy of my best selling ebook "How To Day Trade" just for attending!
      Sign up here: webinar.warriortrading.com/signup

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Micah, don't worry it takes time! 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 Ross' best-selling eBook "How To Day Trade" just for attending! Sign up here: webinar.warriortrading.com/signup

    • @MotivationalEntertainment
      @MotivationalEntertainment Pƙed 4 lety +3

      Practice with paper trading. It will help out

  • @thecatalyst7743
    @thecatalyst7743 Pƙed 4 lety +3

    I missed it. Who is the broker for your small account?

    • @gonzo6450
      @gonzo6450 Pƙed 4 lety

      CMEG

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      Here is the broker: www.warriortrading.com/cmeg-broker-rebate-program/

  • @michaelwright9096
    @michaelwright9096 Pƙed 4 lety

    Hi I’m new to trading and I’ve been watching your videos as a learning aid I was wondering what programs are you using for your scanners. Thank you in advance also do you have any new webinars coming up?

  • @NOVELTY098
    @NOVELTY098 Pƙed 3 lety

    How did you get filled at 9.87 if you pressed the buy button and your order was at 10.1? Did you use a hot key instead of the buy button? Also, how do you decide whether to sell on the bid or the ask? Thanks!

  • @williamjohn3391
    @williamjohn3391 Pƙed 3 lety +15

    Ask a Forex trader, it's almost inevitable that you're going to experience some ups and downs along the way. Alertness and deciveness are both fundamental ingredients in recipe for a successful Forex trader

    • @paroitymata5213
      @paroitymata5213 Pƙed 3 lety

      You can only appreciate a person who tries to teach everyone how to invest and make profit on multiple ways
      Ups and downs

    • @markangel8353
      @markangel8353 Pƙed 3 lety

      Speaking of Forex trading, it's the best business in the world right now. I know a couples of friends Who make a whole lot of money trading the financial market

    • @enkhbatnaya6801
      @enkhbatnaya6801 Pƙed 3 lety

      NEVER LOSSE??... I sincerely doubt when I see such things like 100% WIN strategy, Forex trading is very technical and involves carefulness and great IG... I wonder doing that with no Losses.

    • @williamjohn3391
      @williamjohn3391 Pƙed 3 lety

      Many see Forex as a get rich scheme but Forex is not like that. It's a gradual process with the right tools and application you can make a living from a Forex trader

    • @paroitymata5213
      @paroitymata5213 Pƙed 3 lety

      Trade with an expert else you we would lose all your capital and your drop of market

  • @trippled4590
    @trippled4590 Pƙed 4 lety +4

    Ross... CMEG says 1:1 leverage under $500 ... am I missing something?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      It does! I thought the same, I'm not sure why I didn't get flagged, but I heard students mention that CMEG is inconsistenty with how they enforce margin rules, so that may be it.

    • @MyAcresOfDiamonds
      @MyAcresOfDiamonds Pƙed 4 lety

      Warrior Trading i remember with suretrader the minimum to fund the acct was 500 but they’d allow you to continue trading if you dropped below 500. maybe same deal here

    • @oleiei434
      @oleiei434 Pƙed 4 lety

      CMEG says they don't open account for Canadians. Yet they sent me the demo platform. Something is wrong with CMEG?

  • @eo3769
    @eo3769 Pƙed 4 lety +1

    Hi Ross I wanted to ask you if I can use the Sterling Trader Pro on a linux machine? Is there a web version I can use on CMEG?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      I think it designed for windows EO, I would reach out to Sterling for more info though. support@sterlingtradingtech.com

  • @dylpykl474
    @dylpykl474 Pƙed 4 lety

    youre a god haha, ive watched this trade like 3 times today now...tried entering the same as you and couldnt get a fill it was too quick...i had 10.1 to buy before you even said anything was so proud of myself lol and then it pulled back and i waited trying not to fomo in...i entered at 10.6 as you were talking about that, again having it set before you said anything and boom it went up, tried to get filled, bounced down quick tried to get filled...both times once at that 11.25 spot and again at that 10.90 spot, neither filled at all and once i could cancel and hit the bid it was already down to 9.80 or whatever. huge loss for being milliseconds too slow haha glad im in the sim xD nice trades ross! excited to keep watching this small acct challenge its amazing inspiration for me to get better in the sim so i can start growing a small acct myself in January/February.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety

      Thanks so much! I had a hard time on my exit near $11, the 11.25 was too fast. You have to be quick!

  • @williamjohn3391
    @williamjohn3391 Pƙed 3 lety +7

    Investing in crypto now is very cool especially with the current rise in the market now

  • @dango493
    @dango493 Pƙed 4 lety +6

    How can you buy 200 Shares @9.87 if you only have $500??

    • @ouhtphommivong8830
      @ouhtphommivong8830 Pƙed 4 lety +1

      Ross, how is it possible to buy 200 shares @ $9.87 when you only have $500 in your account?

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +3

      Using leverage! My account offers margin leverage!

    • @ouhtphommivong8830
      @ouhtphommivong8830 Pƙed 4 lety +1

      @@DaytradeWarrior Ross, I am new to this day trading but is it too risky to borrow money from your broker to trade? What happens to your account if you made a bad trade?

    • @liztrader5469
      @liztrader5469 Pƙed 4 lety

      @@DaytradeWarrior I am confused, Ross. I thought leverage is 1:1 with less than $500, no leverage? How much was your total equity in the account? Even with $500, don't you need to maintain 25% if it's over 4, $500?

  • @manel3663
    @manel3663 Pƙed 4 lety +1

    Hi Ross đŸ‘‹đŸŒ
    First of all, I would like to congratulate you for your hard work with the trading and your success, totally deserved. I have discovered your channel a couple of days ago and I really love your content, you motivate me a lot.
    I sent the email in your page in order to recive the video of your LIVE trading of the day 1 two days ago, but I haven’t received anything yet. I guess it’s too late since it have been half a year since then😅. Would it be possible to get the video? I would love to see that day 1🙄.
    Thank you so muchđŸ™đŸŒ

  • @spillbloodortruthonly
    @spillbloodortruthonly Pƙed 3 lety

    I am leaning trading.. Is the fundermental differs much for stock vs forex trading? If yes, what are the difference/pro/cons?
    I see mostly u trade stocks.

  • @danielgreenleaf5987
    @danielgreenleaf5987 Pƙed 3 lety +3

    How do you day trade a small account when you don’t have unlimited day trades only trade 3x a week

  • @Berghiker
    @Berghiker Pƙed 4 lety +4

    So your broker gave you 4x leverage on a small $500 account??

  • @jessepopovich1177
    @jessepopovich1177 Pƙed 3 lety

    when you fast forwarded your full trade video towards the end the stock went down into the $8 range. Are you able to go from long to short if you wanted to? Can you even short on a small account like this? If so, what stopped you from doing so? You went from a surge of like 50 to 60 cents up, to dropping $2, wouldn't that have made you a bunch more money?

  • @thechannelofdannyboy
    @thechannelofdannyboy Pƙed 4 lety +1

    Hi Ross! Really appreciate all the great videos and content that you provide! I do have a question: Why do you set your hotkeys for (e.g. Shift+1) to buy on the 'ask + 5 cents' and sell full/half position on the 'bid -5 cents'? I understand that you want to be sure to enter the trade even if it means 'losing 5 cents' but can you just set 'Shift+1' as 'buy on the ask' without '+5 cents'? And likewise when you sell full/half position to exit the trade

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 4 lety +1

      Daniel, if I do that there is a chance that I won't get my full order filled as lower float stocks aren't as liquid.

    • @thechannelofdannyboy
      @thechannelofdannyboy Pƙed 4 lety

      @@DaytradeWarrior Okay got it thanks Ross!

  • @robertgeorge238
    @robertgeorge238 Pƙed 3 lety +17

    Forex and stocks Investment has really transform a lot of people, making money make me live a luxury life and give my family the best

  • @adrianthomas8031
    @adrianthomas8031 Pƙed 3 lety +3

    Trading with less than $400, but you placed 2 orders for 100 shares each at $10. I'm no math expert but something sounds fishy đŸ€”

    • @hotmasked1
      @hotmasked1 Pƙed 3 lety +3

      Yes I have a CMEG Account if you have over 350.00 They give you 4 to 6 times leverage, You have to sign an broker agreement first. but yes you can trade up to with 2400.00

    • @adrianthomas8031
      @adrianthomas8031 Pƙed 3 lety +1

      @@hotmasked1 ahhh gotcha. That's interesting.

  • @rich7865
    @rich7865 Pƙed 3 lety

    Hi Ross, great channel, just starting on my trading journey. What platform are you using to quickly execute the trades, thanks

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 3 lety

      Welcome! Ross trades with Lightspeed as his broker, eSignal for charts, and the Warrior Trading Stock Scanners to find stocks that match his strategy. www.warriortrading.com/scanners/

  • @joelnazara1653
    @joelnazara1653 Pƙed 3 lety +1

    What's a good trading simulated to use?
    I view as many videos as I can about day trading and yours are the most enjoyable.

    • @DaytradeWarrior
      @DaytradeWarrior  Pƙed 3 lety

      We offer a great simulator in the Warrior Pro course! 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 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/