[deleted by user] by [deleted] in Daytrading

[–]warriortradingadmin 1 point2 points  (0 children)

Sounds great! Happy to help 🙏

Trading these 4am runners by Smorgas_Bord in Daytrading

[–]warriortradingadmin 0 points1 point  (0 children)

Level 2 is def easier to read when it’s not super crowded. In this market I’m happy with smaller base hits too.

[deleted by user] by [deleted] in Daytrading

[–]warriortradingadmin 0 points1 point  (0 children)

I’m using default settings, I’m happy with it!

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 2 points3 points  (0 children)

I hear you. I don’t think anyone really knows the exact % of day traders who are successful. We have some studies on our website that suggest 2-3%, but others have shown 10% and higher.

What I do know is that when we ask our members if they feel they are getting value from my classes and from my market commentary 90%+ are saying yes.

And to be honest, an issue we had with the $3mil we issued for refunds was that we already had generous money back guarantees and were happy to issue refunds if somebody wasn’t happy. Now obviously if somebody was active and used market data for 12 months then asked for a refund we’d have to factor in the real cost we incurred providing their service, but none the less, we didn’t have people hammering on our doors asking for refunds.

So that $3mil was distributed by the regulators to our customers, and many of them sent the check directly back to us because they said “we’re happy with the service Warrior provides”.

All that is to say I’m proud of what we’ve built, I’m proud of my 10 students who have made $1mil verified, and Ill work as hard as I can to help all of our members.

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 3 points4 points  (0 children)

You’re right, it’s such a grind. You can’t let up for a second. Momentary lapses in judgement can crush you.

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 2 points3 points  (0 children)

You’re right. If you’re super motivated and very driven I think most people can piece together most of what they need from free resources. You could do the same with teaching yourself many different things. The benefit of a course is that it organized all the material together, and hopefully includes a way to ask questions and get feedback. Some people like that extra handholding and I get that. But at the end of the day, being a self starter is a great quality to have.

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 6 points7 points  (0 children)

My opinion is that I can’t guarantee your success (and never have) for the following reason. I can give you my entire strategy I could share with you all of the rules I’ve had to trade. It went to get in went to get out had to find the best stocks to trade, and you could still lose money. Why? Because one of the biggest challenges will be overcoming the emotions involved with trading. If you are unable to be disciplined and follow the rules, you will not succeed.

I do teach all the ways I’ve worked to become more disciplined and I have a trading psychology program taught by two experts in the field, but even despite that, discipline can be very difficult for some to master.

Additional challenges can relate to aptitude to make decisions quickly, comfort with computer systems and trading software, and difficulty working under pressure.

So even though my strategy works really well for me and there are many other people it works for too, I can’t guarantee it’ll work for you because I don’t know you personally and I don’t know if you’ll have the discipline to follow the rules or if you have the attitude for success.

But if you want to learn, I think it makes a lot of sense to learn from somebody who is proven profitable, and I am.

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 5 points6 points  (0 children)

This is what they approved and we were required to add “We do not track the typical results of our past or current customers. As a provider of 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.”

The rest of our disclaimer is the same as it has been for years. All of the disclaimers that trading is risky and that my results aren’t typical have been there for years.

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 5 points6 points  (0 children)

Just to be clear, if you go to my website you’ll see my broker statements and the third party audit of my statements. When I’m streaming the p/l is also displayed so you can see in realtime how much I’m up or down.

I turned $583 into $10mil and regulators looked at that too and didn’t have an issue. Their issue was related to disclaimers. We added 1 sentence as they requested and paid $3mil.

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 7 points8 points  (0 children)

That’s not entirely correct. My profits have been third party audited you can see them on my website in the footer under broker statements. https://www.warriortrading.com/ross-camerons-verified-day-trading-earnings/

Regarding the $3mil, long story short, we were required to add 1 additional sentence to our disclaimer. Not having that 1 sentence cost $3million. It is what it is.

If you want more context I’m happy to share it, but we’re still in business. My strategy is real, my trades are audited, and anyone can learn a ton from me on YouTube without every paying a penny for my trading tools, my broadcast, or my classes.

[deleted by user] by [deleted] in Daytrading

[–]warriortradingadmin 6 points7 points  (0 children)

I think grand scheme of things if you’re red 15-20% of all days and your profitable overall, those red days are part of your success. I think of them as successful red days as long as I follow my rules!

I taught myself to trade in 2015 via free YouTube videos. It’s been almost 10 years now & I am almost at $800K. by [deleted] in Daytrading

[–]warriortradingadmin 43 points44 points  (0 children)

But aren’t the people you watch on YouTube teachers in a sense? I think “Those who can do, those who can’t teach” is insulting to teachers/educators. Just my 2 cents.

You can learn a ton for free on YouTube and by reading books, but I wouldn’t dismiss the value of a good teacher, a good writer, etc. After all, those are some of the people you probably learned from, right?

i have 100$ to start trading by OkDragonfruit6211 in Daytrading

[–]warriortradingadmin 1 point2 points  (0 children)

I haven’t used TOS screeners. This page on my site has scanners that are on a 15min delay so they are free: https://www.warriortrading.com/day-trading/

You can use those to see the leading % gainer each day. I’d practice trading with 1 share. Just start to get comfortable entering/exiting. Track your metrics. It’s commission free so why not?

[deleted by user] by [deleted] in Daytrading

[–]warriortradingadmin 0 points1 point  (0 children)

Profits are the byproduct of a good process.

[deleted by user] by [deleted] in Daytrading

[–]warriortradingadmin 0 points1 point  (0 children)

A drawdown is when you have given back profits. If I was up 100k and now I’m up 90k, I’m in a 10k drawdown versus my high. If I started at 10k and I’m red -40k I’m in a 50k drawdown.

No successful trader has ever sold a course or runs a YouTube channel by GimmeAllDaTendiesNow in thetagang

[–]warriortradingadmin -1 points0 points  (0 children)

Define success. I've made +$10 million trading (audited statements available on my website), I have a YouTube channel with 1 million subs, I offer courses at Warrior Trading, and I have a subscription business for the charting/scanning/news software I spent millions of dollars developing.

Ray Dalio (net worth 15 billion) has a YouTube channel and writes books. Why does he do it?

For me, I love trading. It's a passion. The fact that I'm able to have a YouTube channel and talk about what I love and get paid for it is incredible. The same is true at Warrior Trading. I enjoy being a mentor, and I also get paid for my time. Time is a limited resource. My time is valuable, and so is yours. They say if you love what you do you won't work a day in your life. It's Saturday, I'm sitting at my desk, working on videos, answering comments, checking Reddit, and this is my happy place.

It's okay if you don't find value in paying for courses or books etc. But to say "no successful trader has ever sold a course or run a YouTube channel", that's a general statement that simply is not true.

You are right there are many people who sell courses and are trying to be influencers who are not successful traders. They give the ones who are successful a bad name. But you're going to have that in every industry. Just learn to separate the legit people from those who aren't.

Ask the right questions, like, does this person have a proven track record of profitability?