Being a Breakeven Trader Pt 2
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- čas přidán 8. 01. 2023
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Warrior Trading // Ross Cameron // Day Trade Warrior - Zábava
I have to post this. I've been trading since 2017 and have been a sideways trader up until last year where I became profitable. This year I plan on stepping up my game. I don't really dream but I had a crazy dream and Ross was in it. It was so realistic. In my dream, he was so disappointed I recognized him on vacation and all I wanted to do tell him how I progressed thanks to him. In real life, I now trade on my own and haven't watched Ross in a year or so but from 2017 till 2020 I watched every single CZcams. If you read this Ross, thank you sir. I have progressed because of you.
You're welcome!!
Ross' copy cats are always so eager to share 🤭😋
@@darnelljohn7077 Hope you reach out for help. Thoughts are with you
It's great to hear the different points of views and experiences of the panel members. And technically speaking, it's never easy getting all those mics connected up properly recorded at good levels - and with video. Well done. I enjoyed the program.
Glad you enjoyed it!
I really like the round table style discussion Ross. Thanks for the content. It's appreciated.
You're welcome Bret!
This was very insightful ... thank you to everyone for sharing
You're welcome!
Thank you for this👏🏻
You're welcome Lorenzo!
I'm grateful for all your insights. I have been actively following you
Thank you!
I love it all, specially the last advice about pokers!
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These videos are so valuable. Trading is so lonely, these videos help me get through it all.
Thank you!
Great videos (this and part1). Love this format.
To add my 2 cents here on the topic, I think stagnation in the first phases of the learning curve, where you usually lose money, is quite an achievement. To avoid the risk of being trapped there though we need first to keep filtering and learning to recognize those setups that have greater chances of winning trades (and size a bit more on those) while reducing size or avoiding those trades that are more risky and usually bring heavier losses or simply are not rewarding on the grand scheme of things in the long run. Then another point is to be able to reward ourselves, both for sticking to our rules (very important to feel satisfied) and by sticking to our targets. Selling too soon was the one of the huge errors I was doing before I could find a bit of consistency, I was so afraid of losing that even when I was in the driver seat I was too quick to take profits. Dang... there would be tons of things to say on this topic :)
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great room! i love it
Thank you Edgar!
Thanks Ross, was happy you did these vids. Listening to others from your group of respected experienced successful traders lets me know I am still on the learning curve and what some thoughts & emotions can be expected from categories like a beginners losing trend, breaking even and eventually hopefully a profitable trader.
You're welcome!
great video topic. I needed this
Thank you!
one of the things to address for sure is backtesting of the strategies and seeing if actually the strategy is profitable
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I feel this. My first year trading I was getting big wins then bigger losses. My P&L chart was hideous even though my rate of accuracy was around 65-70%. Year 2 I dialed back the size and critiqued my setups and stock criteria. I would get a week or two of tiny-small gains and lose it all in one day. I did this for quite a while. I eventually would take 2-3wks off to reset my mindset and try to forget or weaken any bad habits I was experiencing. I'd come back and trade break even with multiple smaller wins with again 1 day bringing me back to break even or slightly lower. I'm doing this now in this 2022-2023 market. It's quite frustrating to say the least. I have experienced the gun shy effect too, and break it by taking a tiny position that allows for much more chop. Making me relax a bit more and be able to hold through drops I may cut with bigger size before they hit the levels I was anticipating.
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I genuinely hope everyone in that room is trading well today. I'm still there and know how it feels. Totally thought I was a bad-ass and knew what I was doing. What an over statement and big mistake.
Thank you for this video. It’s videos like this that keep me going. And as soon as I get out of my hole I’m joining WT!
You're welcome!
Good episode. Love the topics.
You need a mediator.
Thank you!
The Poker one we did was a fun one! we should've played at the end!!
Thank you!
Damn, this video really spoke to me. I’m definitely in the intermediate area of trading where I started off really good. Gave a little bit back, gained it back, Gave it back again. I’m still profitable but over the last two months I’ve been break even.
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Ross, your vids speak to me like no one else's. I've been stagnant lately. Last month I had 18 green/6 red days but 1 day wiped all the gains. This problem has been going on for 6 months, yet my paper trading account went from $100k to $500k in those same 6 months. it's been very frustrating. Your vids always inspire me to keep at it tho, appreciate you.
Glad the videos are helpful, stick with it!
Ross because of your videos I will soon be a profitable trader after trading in SIM for 2 months; thank you so much for giving us this content and your insights for free. You really want people to succeed ✨
Everyone’s tips are super helpful and I will implement them moving forward
To everyone, you guys got this!!
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Trading gets gnarly. Lol
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Breakeven means you are above brokerage? As per now if I exclude brokerage my account looks like I am at breakeven. But if brokerage is included then I am at a loss. So where am I. Loss making or breakeven. Please let me know
A breakeven trader is a trader that doesn't make, or lose money, they simply breakeven.
I cannot stand that know it all.
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Rossinoouu 🎶
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wait a minute.. where is part 3 or "how to daytrade like a poker player" part?
We haven’t released it yet! Coming soon 🙌
lol hippy
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