Last Call: Cyber Monday Sales END AT MIDNIGHT ⏰

chat with you guys for a little bit.
Right now, it's about 7:30 p.m. Eastern
Standard Time. And I want to give you
final last call that our Cyber Monday
sales are ending tonight at midnight.
So, I thought I'd come on here, do a
little Q&A, talk a little bit about what
it's like for those of you guys who are
thinking about becoming Warrior Pro
members.
Looks like I'm going to add a log to the
fire. So, go grab some firewood.
Load up the fire Load up the wood stove.
Toasty.
So, here in New England
uh snow all day today. I was teaching
class most of the day. I think many of
you guys were in the class.
But, the snow's finally
kind of come to a little bit of an end
here.
Um I'll show you. Let's see, I'll flip
the camera around. So, I guess it's a
little bit hard to tell, but you can see
we got a little bit of snow there. Those
are the chimes.
So, the chimes.
Couple little bushes.
Nice quiet night.
So, a little bit of snow here. Hope you
guys all had a great day.
Uh for those of you guys that were
watching me trade live today, let me
know
how
you did. Uh we ended up having a stock
that squeezed up over 100% today, which
was awesome. We love that. And the stock
that squeezed up over 100%
Essentially, this is a stock that um
hit the scanners and met all five
pillars of stock selection, popped up on
the scan, and uh the first alert was at
7:56 a.m.
And the price was about $4. $4.40. Ended
up hitting a high of
uh it was a little over $8.
Ended up going a little bit higher. Um
Come on, girl. This way. Ended up going
a little bit higher during um
regular trading hours today. But, uh you
know,
it it was just like
it was perfect timing because, you know,
we've been going through the classes and
I've been talking about um you know,
these obviously these setups that I
trade.
And so then to have this stock that pops
up and, you know, perfectly meets all
five pillars of stock selection and we
end up getting a big squeeze out of it.
It was like
you know, it was just it was great
timing. And I think it was really nice
for a lot of you guys who
are newer members um to be able to see
you know, this kind of action because
you know, the market I mean, look, we
always have hot stretches and cold
stretches, but um you know, when when
you get to see like stocks with this
degree of volatility, it is um
it's pretty special. It's really nice.
So, all right. Um so, let's do
some Q&A. I know my beard is getting
long. Well, it's you know, it's that
time of year. I've got to keep my keep
my face warm. So,
uh
you know, yeah, I guess so. I guess it
is getting long.
All right. Thank you guys. Welcome. Hope
you're all having a great night. And
we've had a great week so far. We had a
great day yesterday. Uh yesterday, let's
see, we had um a stock squeeze up over
100%. We had an algo squeeze on that
one, locked up.
Uh let's see, it was about 40 39,000
dollars yesterday. Today, made 45,000 on
our leading gainer, which was awesome.
Uh gave back a little profit on
different stocks, so finished up about
43,000 on the day. But, overall, pretty
solid. Reminder as always, trading is
risky. My results aren't typical, so
manage your risk, take it slow.
Uh my approach is
um you know, I I focus just at really on
one trade at a time and I I use
I pretty much I use a lot of buying
power. Today, I actually maxed out my
buying power on my big account. So, I I
could not have bought more shares. I was
using all of my buying power, 100% of on
it of it. But, just on that one trade.
And for a period of
uh you know, that trade was maybe seven
or eight minutes long. It wasn't a very
long trade. So, I'm kind of like all in,
but very like kind of sniper like, very
right in this moment and then I'm out
and I'm back to cash. So, like right
now, I'm not holding anything in my
account. My account's back to cash for
the night. You know, so it's like it
gives me a chance to
be aggressive, but then also take, you
know, my foot off the gas um for the
rest of the
I think some traders I don't know. I
think some traders don't really
understand um
the way I think about risk.
For me, when I first started trading, um
you know, I was very risk averse. I I
just I had a couple of big losses early
on
um and I was like, all right, I cannot
afford to do that again. So, I was super
scared to hold any positions overnight.
Didn't want to do that. And so, I was
day trading, right? And when I was day
trading, basically the the approach I
would take is if I see a setup I like,
I'm going to be aggressive on it. I'm
going to get in. I might even use
leverage. And then, I'm going to get out
of that trade real quick. So, it's like
quick entry and then back out and then
don't overstay my welcome. And that for
me um
you know, ended up working really well.
I think some people
you know, think, "Well, wait, you know,
if you're investing, you should never
put more than, you know, 10% of your
account into any one position. You're
here you are, you're day trading, you're
putting 100% of your account into one
position." Uh which is true, but then
I'm only holding it for like five
minutes. You know, so it's it's like a
lot of risk central sort of like
consolidated in this little window and
then back to, you know, risk off. But,
but this is this is day trading. And uh
to me
if I only used a tenth of my account, I
don't know what the rest of my account
would be doing um you know, during all
that time.
So,
anyways, um some of you guys tuning in
here,
who knows, maybe you already ended up
joining and you just happen to be tuning
in on YouTube. So, let people know here
in the comments um what it's like being
a member now that you've kind of seen
uh you know, the inside being a member
and going through the classes and
watching me teach. Today, I had class.
We started teaching, let's see.
What did we do? Uh started at noon. We
did class from noon today till 4:00. So,
we did about four hours of class
um on top of trading, which was which
was a a nice day. It was It was a great
day.
So, how do you trade my strategy if
you're under 18 years old? All right.
So, if you're younger, if you're under
18 years old, um what you have to do is
you've got to trade in a simulator. And
you can't open a broker account unless
you have the permission of your parents.
So, you've got to open um
you can use a simulator, you know, but
it all has to be under the permission of
your parents. Those are the rules.
Hey, welcome. Thank you for tuning in.
Um Day Trade Dash and WeBull as the
broker. So,
that's a great question. So,
Day Trade Dash, we don't have the
integration to execute trades on Day
Trade Dash. Day Trade Dash is charting,
scanning, breaking news, and our chat
rooms.
But, then you have to execute the trades
on WeBull. So, right now, as part of my
small account challenge, I'm doing both.
So, I've got my small account challenge
right here and then I've got Day Trade
Dash here. So, I click here to execute
the trades and then on Day Trade Dash,
that's where I'm doing all my scanning.
So, basically, I have two windows just
on the same monitor. Um I will have day
five of the small account challenge. I'm
going to post it live right after um
this live broadcast, so you guys can
watch that.
So, I trade in my taxable account
occasionally, but pretty rarely. I try
to avoid it. Uh so, I'm mostly trading
in a Roth IRA at this point. I didn't
trade in a Roth IRA for the entire
beginning of my career, but starting
around 2020
2021, I think 2020, I'm trying to
remember, was like 50/50.
Or was it 2021? I can't remember which
year. I think No, maybe it was 2020. Uh
somewhere around there, I switched. I
had um
I I had a lot of tax because I made a
lot of profit and I was like, all right,
at this point, I think I should really
start to just focus on trading in the in
the Roth IRA. Um you know, I'm And I
Look, over the years since I first
started trading, I've been able to
diversify my income a little bit. So, I
have um you know, I have different
streams of income coming in. So, if I
have really trading profits and I don't
need to spend that money today, then I'd
rather trade in my Roth IRA and save it
for a rainy day. My kind of mindset with
a Roth IRA has always been
I'm accumulating the profit right now
tax-free.
If I need the money for whatever reason,
I can withdraw it and I pay a penalty.
And, you know, it's not ideal. I'd
prefer not to, but I I could. I mean,
it's always an option, you know. I mean,
you just pay the penalty and it is what
it is. So, I just figured if I get to a
point where, you know, I needed it,
then, you know, that's something I could
do. But, hopefully, I don't get to that
point.
All right. So, let's see. Um hey, signed
up for the trial yesterday. Loved the
charts, was able to watch. Right. Very
good. Yeah, and no, it's it's a lot
that's going on kind of all at the same
time when you get into the into the
platform. You've got my broadcast, we've
got a news squawk, you've got the
scanner alerts. It's like
so much going on.
Um one of the things that um I've been
teaching you guys about
is how you can actually set up uh
especially depends on which broker you
use, but a A of brokers allow you to set
up, um, two accounts. You can set up a
retirement account, like a Roth IRA,
uh, and then you also have your main
account. And then you can link them, so
whenever you trade, it mirrors the trade
in both accounts. So now, you can
basically trade, um,
you know, you buy a thousand shares,
it's actually buying two thousand shares
cuz you're in in both accounts.
So this is a great technique for those
that want to trade in a Roth IRA, um,
that want to try to, you know, start
saving long-term, but
also don't want to sacrifice trading in
your main account. Um, you can only do
it when, you know, there's two accounts
under the same, you know, user. You
can't, you know, link, you know, like
external accounts, but if they're on the
same user, then when you log in to like
thinkorswim, you can have both accounts
right there.
Hey Jack, thank you. Uh, Warrior Pro
member for five years. Now, Jack, was
that you posting your P&L, um, for the
month of November? It was and it was all
green?
I wasn't sure if that was you.
Um,
I know there's a couple other folks
named Jack in the, uh, chat room. But I
know you've been working at it for a
long time.
So yes, I took out $60,000 from my CMEG
account. Um, and I did donate that.
Donated, um,
30,000 to the Boston Children's Hospital
and 30,000 to St. Jude's Children's
Hospital. So I took that out. I left
$500 in the account. So I am prepared,
you know, potentially to do another $500
small account challenge at some point,
but, uh, for right now, I'm just leaving
it at, um,
I I'm I'm focusing on the WeBull
challenge and everything else. So the
CMEG account is sort of on, um, like
inactive for the time being and I'll
I'll get back to it when I get into the
next, um,
the next leg up, the next challenge.
Um, and today I actually donated another
$10,000. We did 5,000 to the Food Bank
of Western Massachusetts. And we did
$5,000, um, to another organization, uh,
No Kids Hungry. So,
uh, we wanted to do that for Giving
Tuesday and we were pretty close to, um,
being kind of at the next leg of the
small account challenge to donate
another 10 grand. So I went ahead and
did that donation today. So we're now at
$185,000
that we've donated, uh, just in the
last, uh, six weeks or so,
um, which has been great. So right now
total we're at about 1. 7 million in
donations,
um,
I think right around 1.65, 1.7 million.
I'll have to double check, but uh, about
$185,000
that I've donated in the last six weeks.
Um, so, you know, I like to do these
small account challenges, you know, as
I've talked about over the years, um,
you've seen me do a number of trading
days where I did this especially during,
um,
like the pandemic in 2021, 2022 where I
would do like a Thankful Thursday and
100% of my trading profit would get
donated charity. And I had days I'd make
100 grand and then just put 100 100,000
on my MX card and, you know, do 10
different nonprofits for 10,000 each and
I would do it all live right on YouTube
while I was, um, doing my recap and,
yeah, it was, um,
I I so I did a number of those, um, days
and then, um, this fall I thought maybe
I could kind of harness you guys, um, to
help me with the match and I really
appreciate all of you guys who've been
hitting the thumbs up to help me do
that. So is Day Trade Dash included for
a year in the Pro membership? Day Trade
Dash is included for 90 days. So, uh,
the Warrior Pro membership
and our bundle, uh,
it we have this sale that's going on
right now. It's our biggest sale of the
year for Black Friday, Cyber Monday and
it ends tonight at midnight. So the sale
will end, the current special bundle
that we've put together on our Warrior
Pro membership gives you, uh, three
years of access to my curriculum, one
year of access to my chat room and my
live audio video broadcast,
90 days of access to our trading
simulator and 90 days of access to Day
Trade Dash, which is, uh, the software
that we use for charting, scanning and
news.
We do 90 days of access to the SIM and
to Day Trade Dash, um, because of the
market data costs, which are
substantial. The We spend a lot of money
on market data to run the platform. So
we give you 90 days for free and then if
you guys are still enjoying it, by all
means, we give you guys a discounted
membership as a Warrior Pro subscriber,
so you can do a monthly subscription,
you know, for as long as you want. Uh,
it's it's discounted versus our website
price by, I don't know, 30% or something
like that. Um, but that and it's up to
you. You know, like if you love the
software and you want to keep using it,
by all means. Um,
if if you're not enjoying it, then then
that's fine. Uh, what we want to be
careful of, we separate it from the chat
room because we expect you're going to
want to be in the chat room for the
whole year, so you can be watching me
trade, so you can be in the classroom
doing the mentor sessions, um, but if
you're not using the software, then we
let it expire, so we're not paying the
market data for people that aren't using
it. Cuz otherwise, we're just spending
extra money on market data and it's not
getting used.
You're right, you cannot short stocks in
a Roth IRA. There's no shorting in a
Roth IRA. So here, let me throw this at
you.
If, uh, so this year I'm up $6 million
in my Roth IRA, income tax, zero. No
income tax.
If a short seller makes $6 million
and they live in New York City or they
live in California, they're going to
have nearly 50% income tax. So they'll
have $3 million after tax.
So I'm making as much
in my Roth IRA as a short seller who's
making 12 million. They have to make
twice as much money to net the same
amount as me. So, you know, this is a
thing where I am more tax efficient and
it doesn't mean uh, so I I'm you could
you argue am I making more money? Well,
at the end of the day, I'm netting more.
I'm keeping more in my pocket
>> [snorts]
>> because I'm more tax efficient. Now,
obviously, I can't take that money out.
I can't buy a Lamborghini. I got to
wait. Wait till I'm 59 and a half years
old. When I'm 59 and a half years old,
you're going to see me with I I don't
think I would do it, but, you know,
>> [laughter]
>> we'll see. We'll see. Maybe.
Um,
so and yeah, you can set up multiple
Roth IRAs and I do. I have one that I
use for day trading and then I have
another one that I use for long-term
investing. And then when I did my, um,
all my broker, um,
the all the broker demos and broker
reviews, I usually just do a I you could
do a direct, uh, contribution from one
Roth IRA to another. So I would just
it's like a electronic transfer. Never
goes to your account. It just goes from,
you know, directly.
So
and you could do that. So then I did
that with, um, Interactive Brokers and
Trade Station and, uh, the other
brokers, thinkorswim that I've done
those, um, demos on.
You're restricted in how much you can
contribute into your Roth IRA each year
of like fresh money, but once the
money's in there, you can move it
between accounts, but you're restricted
on doing an, I guess, indirect rollover
where you they send you a check and then
you deposit into a new account because
in the interim, you know, you could go
like gamble it or do something crazy and
then, you know, so that could be a
mistake.
After you retire, can you still trade
tax-free? So my understanding is that if
you've had the Roth IRA open for at
least five years, that at the age of 59
and a half years old, uh, you can be
taking profit out same day, but you need
to the account to have been open for at
least,
um, at least five years to do that.
So I haven't spent a ton of time
thinking about that cuz I'm not there
yet, but, um,
yeah.
All right, thank you guys who are tuning
in. Appreciate you guys hitting the
thumbs up.
So, you know, here's what I'll tell you.
Um, Race Race says, "These prices are
crazy for a newbie." So I'm going to
tell you a couple things. Number one,
you can learn a ton for free right here
on YouTube and I always encourage you to
do that. Learn as much as you can for
free.
Absolutely. There's nothing wrong with
that.
I'll also tell you that when you fund
your first account, you can lose 500
bucks
in an instant. And you'd say, "Well, you
know, every loss is a lesson."
And I lost a lot of money trading when I
was first getting started and I don't
know
that I learned that I had equivalent
lessons to really, um, justify that
amount of losing.
And in fact, you know, you think about a
10,000 share position and losing 35
cents is $3,500 gone in an instant.
And my argument on that is, um, if you
spent $3,500
on a curriculum, a course that gave you
100 hours of educational content, you'd
learn a lot more than you learned from
losing 3,500 in, you know, one minute.
Just because of how quickly you can take
those losses. So look, if you're in a
place where you've got a cash account
with Robinhood or WeBull with 100 bucks
in it, um, no, spending $3,500 on your
education, spending $100 a month on
market data or whatever it is, it's not
going to be for you right now. I totally
get that. It's not for everyone. It's
for people that, you know, kind of
similar to where I was at when I was
getting started where you
you really want to take the next step.
You want to learn from someone who's
doing this and, um, and you want to
immerse yourself in a community of
professional traders.
You know, look, there's a lot of
Discords that you can go in for free.
You can mess around on Reddit and
Twitter and all that stuff and there's
nothing wrong with that. It's it's
whatever works for you. You know, if
you're happy with what you're doing,
then hey, I'm I'm happy for you. I've
It's it's whatever, you know,
whatever you feel like is
is is fair for you. So,
you know, we're at a point where I've
been doing this for a long time. I know
what else is out there in terms of
educational content. And so, I think
that
we've we've got the value on it. Um,
right where we give people a great
experience and they're really they're
really thrilled.
And so, for that I'm I'm pleased. Why
don't I move to New Hampshire for the
tax benefits? Well,
then I'd have to live in New Hampshire.
You know, I'm not the biggest fan of New
Hampshire. I
went to high school in New Hampshire.
And actually,
you know, I lived in New Hampshire for a
while.
And I didn't really like it that much.
So,
you know, I'm okay with not being in New
Hampshire. See, this is the thing. Uh,
you know, you you you pay tax to live
where you want to live. People want to
live in California.
It costs money to live there, but they
live there. You want to live in New
York, costs money to be there, but, you
know, you pay it. You want to live in
Florida and be on the beach? Mhm, it's
pretty nice.
No income tax.
So, Florida or New Hampshire, if those
are your choices,
I don't know.
I think I think Florida's going to going
to win for most people.
Um, but
yeah, I don't know. You know, it's at
the end of the day, where you live,
um,
look, if I really wanted to save money,
I'd move to Puerto Rico.
But
again, you know, then you've got to make
the decision of
relocating your whole life to Puerto
Rico. So,
it's just it it's for some people it's a
good it makes sense and others it it's
not. So,
but again, if you're tax efficient,
you're trading in a Roth IRA,
then that all helps.
I guess if you lived in Puerto Rico, you
wouldn't have to worry really about
being tax efficient.
So,
let's see.
Um,
a car guy. Oh, a '72 Datsun. Uh,
very cool.
Um,
good for you.
Okay, thank you guys tuning in.
Let's see. Let's see.
Let me see what your question was.
What what was your question, Michael?
Let me just scroll up.
Um,
Michael, Michael, Michael, Michael.
Here, do me a favor, post your question
again so I can see it cuz now it's it
must be buried in the comments.
All right, so I'm I'm ready.
Mary Ann,
that's that's a that's a that's a
no-brainer question.
All right. Well, I don't see I guess
I'll wait for you to post your question
again. Oh, there it is. Can you trade
the micro micro pullback on the 1-minute
chart? Yeah, absolutely. So, a micro
pullback on a 1-minute chart is usually
just one red candle or sometimes it's
um,
it's it's a you got the first green
candle, you have a bottom a lower candle
wick of the second green candle and then
it surges back up. So, yes, you can
definitely trade it on the 1-minute
chart and I do trade it. But what I
often do is I'll then pull up the
10-second chart when I'm doing my recap.
So, I'll show you what it looks like on
on that um,
you know, on the the 10 seconds. So,
then you can kind of see, oh,
it did pull back there for a second
because when you're unfortunately,
um, on a 1-minute chart when I'm showing
it in my recap, it sometimes just looks
like two big green candles. That that
was the issue we had today with that one
that went up, you know, 120%. It just
looked like two giant green candles and
you couldn't actually tell if there was
a pullback, but there was.
Hey, Brian, started with Warrior with a
$1,000 account when I first started and
traded 100 shares at a time for 6
months. Awesome. That's good. Slow and
steady, right? That's the way to do it.
Great job, Brian.
Uh, let's see.
Can you consider in Can you consider
depth trading as a business series? Oh,
can I consider an in-depth trading as a
business series? I've watched my prior
videos, but I'd love to hear more.
Trading as a business.
Yes, I definitely can. I've done
episodes where I've talked about taxes
and you know, LLCs and S corps and you
know, different ways that you can set
things up. Oops, sorry.
Um, that you can set things up like
that. So, there are a few different
things that you can do.
Um,
and yeah, I can I can I could do more
classes on that. You know, I I pay
attention to which um, episodes people
like and then I also take feedback. Uh,
so I'm just going to make a note on
that. So, let's see. Um,
trading as a business episode. Okay.
All right, so I'm going to come back to
that one. Thank you.
Hey, welcome. 3-month Warrior Pro member
here. Can't recommend it enough. Great
community. You'll be learning a lot.
Wonderful. Thank you.
Appreciate you saying that.
Why do I do better on real money than
the sim?
Mhm, that's interesting.
You know, I'm not sure.
Um,
if all things are the same, share size,
everything else,
your one variable is price improvement.
Commission-free brokers offer price
improvement. Can be as much as 1 cent. I
mean, sometimes it's more than that, but
it can average as much as 1 cent per
share.
So, if you're doing 10,000 shares, I
mean, 1 cent is 100 bucks.
You know, over the course of the day,
that's not insignificant.
That could be a factor. Depends on what
broker you're using.
What is trading during a recession like?
So, trading during a recession,
it kind of depends because
depends on the cause of the recession.
Often times there's sort of inverse
relationships where the overall market's
going down, but there are other areas of
the market that are going up. Um, I
mean, there's just certain stocks that
people gravitate towards when we're in
recessionary environments.
So, I mean, you've got sort of standard
large-cap stocks like
um, some alcohol companies,
you know, Walmart, Dollar General,
dollar store, Target to lesser extent,
um, McDonald's. Did I say that already?
Um,
Budweiser.
So, you know, there some of those have
an inverse relationship where overall
market goes down and they they perform
well. They like recessionary periods.
Um,
even,
yeah, there's auto parts companies go
up. People are less likely to buy new
cars, more likely to fix their cars. So,
AutoZone, you know, those types of
stocks can do well during recessionary
periods. When it comes to small-cap
trading, it depends on the theme. You
know, we've had some periods where
we've been in a recessionary environment
and then
the price of oil has gone up big time.
So, then you have all these speculative
oil companies, small-cap oil companies
where their price starts surging. So,
you know, that can create an unexpected
opportunity.
Um,
it so it depends. You know, I suppose I
would say that um,
number one for us is volatility. And so,
when we've got when we have volatility,
I mean, that's
you know, that's what we need. And and a
bear market uh,
does not necessarily correlate to an
absence of volatility.
It it depends. You know, it depends on
what's going on in the market.
Um,
let's see. As a beginner, would I
recommend the Warrior Starter or the
Warrior Pro? Well, so, the Warrior
Starter is basically the first
15 chapters of the Warrior Pro. And then
the Warrior Pro continues where the
Starter leaves off. So, you could join
the Warrior Starter and then if it's a
good experience, you just upgrade to the
Pro and you keep going. And if it's not,
then you say, well, I'm I'm not going to
keep going.
Um, I don't have any really expensive
cars right now.
Um,
I have before and I've sold them. The
cars that I've bought that have been
more expensive have most have mostly
been collectible cars. And the goal is
to buy them and then, you know, I own
them for a little while, but you know,
they're most of them have been
I mean, I I had different sort of plans
with some of them when I first bought
them, but
in any case, I don't know the most
expensive one. Um, but but I had some
older cars, some classic cars like a
1969 Mustang that was pretty valuable.
Um, that was a Boss 429. So, that was a
that was a pretty expensive car. Um,
I mean, that was that was a really nice
car. Um, it's kind of hard to drive. It
was a lot of engine, a lot of power.
But yeah, that one had a split window
um,
Corvette, one of the old ones, a '63
split window.
Had a 1955 Speedster. That was an that
was an old car. I think that was one of
the
oldest I No, I had a 1950
um,
Chevy at one point, but anyways, yeah. I
like old I like older cars. Um, you
know, this actually I had I had this
exact one for a while right here.
Um,
the that Land Rover uh
series uh
I had that car for a while. That was a
nice one. I like I do like old older
cars. Um,
you know, I the thing is I just I like
things that were built to last. Um,
I'm not a big fan of this, you know,
throw away kind of culture of, you know,
just toss it in the garbage. I mean,
whenever I go to Italy and I see these
things driving around, I'm like,
especially the four-wheel drive ones,
I'm like, "Oh, that's amazing."
Um,
those are cute.
I I would like one of those.
Um,
I like small cars, too. I'm I like the
really small ones. The little uh BMW
Isetta.
That one's a cute one.
Little Fiat.
Those are fun.
So, yeah, I have a YouTube channel um
where I did um
when I would get some of these old cars
and I would drive around with them. This
one I like a lot. That's a um Shelby
GT500. Those are
uh I tried to buy one a couple times and
I kept getting um
like outbid. Someone else would buy it
out from under me.
Um,
>> [snorts]
>> I just like the idea of cars that I
could keep for, you know,
forever.
Um, no, my office isn't open to the
public.
Um,
I don't we don't have um like a
front-facing kind of um
setup like that.
I'm allowed to visit my office, but uh
no, I don't we don't I don't take uh
visitors. I did last year um as part of
a school program, there was a high
school student that wanted to learn more
about trading and I let him come and
trade with me and that was um
that was cool. He enjoyed that. Um, so,
you know, things like that will happen
from time to time, but
um okay, so,
you know, and that's actually a good
point on antique cars and being, you
know, investments. I mean, some of them
some of them can actually be um
good investments. So,
yeah, it it depends.
Let's see. Um,
hey, just joined the Warrior Starter
this afternoon. I plan to join um oh, I
plan to log in in the chat room. All
right, wonderful. And I I hope you do
upgrade to the Pro, but either way, I
think you'll have a great time as a
Starter member.
So, how does the upgrading work? Um,
when you log in to your members
dashboard,
uh you'll have there's there's a link
where you can upgrade. Prop firms, what
do I think? I think prop firms had a
nice competitive um
advantage in offering
in the '90s and the 2000s when access to
sophisticated trading software and
high-speed internet was more limited and
where being in one of those offices
would give you the chance to learn from
other traders.
I think today the model's not doesn't
have a as compelling of an offering,
but, you know, I don't think um
I you know, I don't think there's
anything wrong in theory with, you know,
learning in that environment if it's,
you know, if it's suitable for you, but
generally with a lot of prop firms, you
have to get licensed. Um,
they some of them have profit splits.
Some of them, of course, will have, you
know, some uh they'll sort of dictate
the type of stocks you can trade and
can't trade. So,
um
I don't know. To me, it doesn't really
it it it's not something I ever did. Um,
it's not something I would do. Now, this
is a car I had. This was a great car. A
Volvo 240.
This is a classic.
These cars are bulletproof. I still see
these cars driving around.
They're fantastic.
I bought one. So, I actually have a
story about that car. So, when I funded
my first account um in 2001, I funded it
with $1,000.
And so, that summer um I did it as sort
of like a school like summer break. I
was like, "I'm going to fund this
account." And I I set myself up
um
I it's like so funny. I feel like I've
seen like I don't know, memes about
this, but like, you know, I set up my
desk and, you know, I set up like my
little uh my little what what would you
call it? Like a ledger for, you know,
writing down all my positions and had my
pen and everything was sort of laid out
and um I had a computer. It was a
laptop. It was a um
man, this computer was amazing. I I
loved this computer. It's probably my
favorite computer I've ever had. Let's
see if I can find a picture of it.
MacBook um Pro. Let's see.
Um,
it was 1999
um
black.
Let's see if I can find a picture of it.
Um,
um
Oh, it's close to that. Um,
let's see.
Era. This is like an antique. Oh, this
Yeah, this was it. This was it. Oh, man,
such good memories on that computer.
Um, so, the evolution of the Mac I'll
turn this around for you so you could
see.
Um,
so,
let me turn this around. There you go.
So, that was it right there. That was my
computer. Oh, we had good times. So,
that was the computer I had um
1999-2005,
the MacBook uh or the power or they
called it a PowerBook.
Uh the PowerBook era. That computer was
amazing. Anyways, um so, I set that up.
I had my um TD Ameritrade account and I
started buying shares of stocks. And
anyways, I bought shares of companies I
knew, invested, deployed all my capital.
$1,000 was all in. Uh you know, like
right away.
And then every day I'd sit down and I'd
check my ledger and
well, gosh darn it, these stocks weren't
moving. Uh well, you know, how much does
ExxonMobil move? I mean, on a typical
day, not that much. And this was 25
years ago. So,
over the course of the whole summer, I'm
logging in every day. I'm checking. I'm
checking. Some of them would go down a
little bit. Should I sell it? Should I
hold it? I don't know. And um so,
anyways, it
it didn't, you know, I didn't make any
money. It was not a successful um was
not a successful endeavor. And so, I
ended up uh cashing out that account and
buying
a
1990
Volvo
240 black station wagon with 245,000
mi.
And so, I bought it with 245,000 mi and
I bought it for 1,100 bucks. Um this is
the computer right there. So, I bought
it for $1,100 and uh I ended up owning
that car for
it's like 5-6 years and um so, while I
owned that car, um
I it was parked at a movie theater. I
was letting my friend borrow it and
someone backed into it and they dented
it pretty badly and they did a little
hit-and-run.
So, anyways, insurance um
gave me a settlement um
for the damage
and I replaced the light. You had, you
know, for inspection I needed to, but I
didn't fix the dent. So, I ended up
getting I can't remember what it was. It
was like $1,500 or something like that
from the insurance settlement. Um, so,
that was a
really surprising. Um,
and I don't know, you know, in those
days how that worked exactly, but um
so, I got some money for that and then I
had a friend who was borrowing the car
all the time. And every time they
borrowed it, they would leave like 20
bucks in the car. So,
um that was great. And then they were
driving it one time and it broke down.
And then they're like, "I'm sorry. It's
probably my fault. I'll pay to fix it."
I was like, "Okay." So, I paid to fix
it. So, then um when I went to sell it,
I listed it on Craigslist for
I saw other ones that were listed for
like 2,000 bucks, $2,500.
So, I think I listed it for 1,800 and
sold it for
1,600 or 1,800. Anyways,
I ended up having a good ROI on that
car. Uh
and eventually I got back into uh
trading, but you know, this color
though, this teal color was really where
it was at. That was that was a good
color. Um,
oh, this guy's cool. Um,
so,
yeah, that's that's very cool. That's an
old that's a nice old car.
You know, this is a book that someone
sent me. Um, it just showed up in the
mail at the Warrior office one day.
And I was like, "Oh, sweet. You know,
this is cool. Thank you."
So,
um I don't I never really know who sent
it, but it's said a man and his car.
A man and his car.
Yeah, so, this is the one that I had.
Um,
and this this car was actually uh
this was the one that I had was um
it was a real piece of junk.
Um,
but
it's all right.
Live and learn.
So, let's see. Um, 8:00 right now. Thank
you guys who are all tuning in to this
live broadcast. Doing a little Q&A here.
Got myself kind of on a side um quest
looking at some of these
uh old cars in this book.
Let's see.
So, oh oh, this is wow. I You know, I
didn't even mhm
Wow, I could say I could talk a lot
about this one.
This is How many of you guys are
familiar with this?
This car here?
Has anyone Anyone ever seen that before?
So, that meter behind me um right up
there is a um is a old stock market
um
it's like a it's basically a computer
that lets you do
um
a
like pr- PE ratio kind of like analysis
of bullish or bearish.
Um
So, my grandmother um actually rode in
this car.
This car was invented in
um
Gosh, what year was it? Um What does it
say?
I don't know you what year it was, but
um
She I never met her. She She passed away
um
must have been in the 1960s that she
died. So, I think that this car might
have been in the
50s or something like that. But um yeah,
no, that's right. Um
Yeah.
It's really amazing. Anyways, um
Yeah, super cool.
So, I won't go on that tangent just now,
but
So, how much does it cost to watch the
classes? Okay. So, um I put the link
I'll pin it. It's It should be pinned to
the comments, but I'll I'll put it um
You know what? I don't even know. Um
let's see. Do do do do do do.
Ah, yeah, I know. I probably
um
Someone's saying I should trim my beard.
I don't know. Maybe I Maybe I should.
Maybe I shouldn't. Nobody knows. Um
Let's see.
I'll just I'll just jump over here. Um
So, So, you can watch I mean, look, if
you want the answer, you can watch a lot
of my classes for free right on YouTube.
And I'm happy for you guys to do that. I
love it. I love being able to, you know,
put out this content for you on YouTube
and for you guys to absorb it. Um I
don't trade live on YouTube, though. So,
if you want to be able to watch me
trading live, then you would have to be
a member of um
the Warrior Trading Community. I only
give access to my chat room to um
uh
to members that are part of my classes.
And that's because my classes are
um really a
um
or my the chat room I'm just putting in
the comment there. So, there's the link
for the Black Friday Cyber Monday sales.
The um
the classroom
is uh
essentially where I demonstrate the
strategies I teach, the live chat room,
where I demonstrate the strategies I
teach in the full-length classes. So, uh
that's the only place where um
you guys can watch me trading.
So, the prices uh it depends on what you
join. We've got the Warrior Starter and
we've got our Warrior Pro membership.
The Warrior Starter bundle that we've
got going on right now is uh fif- let's
see uh $600. You guys can check that
out. Uh $597,
I think it is. And then our Warrior Pro
membership is um $34.97.
So, you guys can check that out. And
that includes uh a year of access to my
chat room,
90 days of access to our trading
simulator, and 90 days of access of Day
Trade Dash.
So, you guys can check those out.
Oh, thank you. Hey, that's kind of you.
I appreciate that.
Well, I I I really appreciate that and I
will um
I would I'll tell you what. Send Send me
an email and we'll give you a link to um
one of our PDF resources that you can um
you can have access to.
All right, wonderful. Yeah. So, uh the
way I built out the curriculum, when I
first taught my classes, um it was in
the summer of 2014.
And at that time, so when I I've told
this story a couple times, but I created
um
Warrior Trading with originally as Day
Trade Warrior. It was a WordPress blog,
and I created that in 2012. And I opened
a chat room and uh there was
I don't know, 10 15 people maybe.
Uh it was very it was not a lot of
activity there.
Um
And so then I I closed it down, but kept
doing YouTube videos and things like
that. Uh began doing those actually in
2013. So, I was doing that and I was
writing blog posts. And then in the
summer of 2014,
um that spring I'd opened up the chat
room again. And we had I want to say
about 100 people in the chat room, and I
decided to teach
um the what has now become my
full-length course. And I think I broke
it down into 10 chapters,
maybe 15, I can't remember, but um
I I remember
I sort of was like, all right, guys, I'm
going to just teach you classes. You
know, after I finish trading, I'm going
to walk you through. So, it wasn't super
super organized, but I thought I'd make
an effort to do it. And um
I was um I remember kind of
being a little bit overwhelmed at where
to even start. I was like, there's
I mean, there's so much to cover, but
where do I even begin?
Um and so I remember that first day I
was like, okay, so
you know,
day trading.
What? Uh
Where Where to begin? And I was like,
you know what, guys? Let me go and work
on this for a second. So, I kind of got
into a slide I started working on a
slide deck um
like a PowerPoint slide deck and kind of
organizing. I was like, okay. So, where
do we begin? And
And I just kind of, you know, this is a
time in my life where
um
I, you know,
it was just different for me um then I I
was single at that time. Um
I,
you know, I just had so much more time
on my hands. And so, I was just like,
all right, I'm just going to, you know,
just dive into this thing. And I just
started working on putting it all
together. And then I taught that first
version of the class, and that um was
sort of a skeleton of what it is today,
but what ultimately, you know, it was um
chapter one, introduction to day
trading,
chapter two, risk management, chapter
three, stock selection, chapter four,
daily chart patterns, chapter five, um
we got into
um
intraday candlestick patterns, chapter
six, level two and tape reading, chapter
seven, the gap and go strategy, chapter
eight, momentum trading, chapter nine,
reversal trading,
um chapter 10 was short selling, chapter
11 was scalp trading, chapter 12, um
stock scanning, chapter 13, trading
psychology, chapter 14, the trading
plan, chapter 15, when to trade live
with real money, chapter 16, small
account challenges, chapter 17,
uh troubleshooting, um like how to get
start, you know, like troubleshooting
common issues that people run into,
chapter 18, taxes, and day trading as a
business in an LLC or an S corp, um
chapter 19, I was doing platform demos,
and then chapter 20 was the capstone
class, the final class. And then
um
then then on top of that, I began doing
interviews with traders um who verified
their profitability with me with broker
statements. So, you know, 100k profit,
do an interview with that person, 500k,
a million dollars, start doing
interviews. So, I got all those added to
the curriculum.
And then um
sometimes I you know, I would have
someone who had um been really
successful teach, you know, like a
three- or four-hour-long lecture on what
was working for them. So, then they
would, you know, come in. And so, now
this curri- curriculum has really gotten
built out to what it is today. Um it's
um
Let's see. So, what are we at in terms
of um
I think it's about 100 hours um total
content, the the entire curriculum right
now.
And and that's what um you know, you
guys get access to. And it's split now
into Day Trading the Basics
and then in Strategies and Scaling. Day
Trading the Basics
is um basically where I lay the
foundation of these 15
sort of pillars,
15 kind of core components to learning
how to trade. And then when we get into
Strategies and Scaling, we kind of
revisit all of them, but we add more
depth. And as I teach, the way I kind of
have learned works well to teach it is
in the Day Trading the Basics class and
even here on YouTube, I
uh I present to you sort of my
um
uh
I I present to you kind of the basics of
each of these concepts, but I try not to
overwhelm you cuz I don't want to, you
know, I don't want to overwhelm you guys
and have you just like tap out. So,
like, you know, in my first in in for
instance, in the first Day Trading the
Basics when we're talking about order
types, um I don't get into complex order
types. You know, I'm not I don't get
into like
uh you know, there's all these complex
order types that you can use. I don't
don't want to even get into them here,
but I don't get into them there. I say,
we're going to come back to this. So,
here are the basic three order types
that I would use every day.
And then we're going to come circle back
around to this. And so,
then, you know, it's like I introduced
the topic of all these things high level
and then we keep circling around and
coming back and just adding more layers
of depth. And then by the time we're
getting into the live trading archives
and you're looking at these examples of
me trading, you're like, "Okay, this all
makes sense. You know, I've seen this.
I've I've been watching this." Um you
know, and and so that's when I feel like
the rubber kind of meets the road.
Um
>> [sighs]
>> And it's a process. I mean, learning
anything complex is a process. You know,
it doesn't happen overnight. So, one of
the things I was talking about actually
um
just what the other day when I was
teaching is I was talking about this
process and journey that you guys are
on, which is converting
um essentially all the general knowledge
of the market into a skill. You know,
reading about trading, watching videos
about trading. You know, some of you
guys I know we actually I see this all
the time people say, "Oh, I've I've been
listening to your book on you know,
tape. I drive a truck and you know, I've
just been listening to it and it's been
amazing. I've been listening
[clears throat] to all your videos." And
that's phenomenal. I mean, you know,
it's a great use of your time. I mean,
it's it's wonderful. Um
but the reason I bring it up is because,
you know, for instance, I could spend a
lot of time reading about how to drive a
manual transmission on an 18-wheeler
um and how to back one and park it in,
you know,
up up to loading dock. But until you
actually get in the seat, I don't I
can't say I know how to do it. I might
know in theory, yeah, you push the
clutch, you do this, you do that, you
know, but until you've actually sat
there, right? What do I what do I know?
And I think trading is kind of like
that. You can learn the theory of
trading. Oh, you buy low, you sell high.
How complicated can it be?
But then when you actually kind of open
the platform, that is where you begin
the process of converting all the
knowledge, you know, which is theory
into an actual skill.
And then some people they they don't
complete that that crossing, that
journey, right? They they make it to,
"Hey, thanks. I appreciate that Michael.
That was kind of you." Um
they they don't make that transition
from general knowledge to actually
skill. Look, hey, I've read about sky
skydiving, but I've never I haven't made
the the crossing. I'm not a skydiver.
I've read about, you know,
there's things I've read about, but I
haven't made the the leap to doing it.
And I might try and realize that's not
for me.
I've read about crossing the Atlantic
Ocean in a sailboat, you know, like
these single-handed crossings people do
and I I get nervous in the middle of,
you know, Lake Winnipesaukee to throw
out a New Hampshire reference for the
person from before. Um you know, you get
those big winds and it's pretty scary
out there. So, I feel like um
my goal for you guys is that I'm help
I'm able to help you with that bridge of
converting all this knowledge to the
skill and we walk we go through a very
kind of step-by-step process.
You got to practice in the simulator,
gain a lot of experience, prove you can
maintain these metrics in the sim. Now,
that's nice because we give you a sim
that you can practice on. So, you
practice in the sim
safe environment and then you get to a
point where you're making money in the
sim, you transition to real money, but
with small size, right? You make that
that leap, small size and then you can
start scaling up. So, those are the uh
the steps that we walk through. Now, um
I just wanted to show you guys here. Um
I'll just switch this again. So, um this
is the um the Warrior Pro. Um my class
has been ranked by Investopedia um as
the most comprehensive day trading
course, which I was really proud of. Um
but this is the current curriculum. So,
right now it is um 21 chapters including
the interviews with profitable traders
right here. Um and you can see how long
each of these sections are. So, this is
an hour and 20 minutes, hour 47, 2
hours, hour 15, 3 hours, 3 hours, 6
hours, 22 hours.
My momentum trading chapter right here
is 22 hours long.
And I mean, I I I share everything with
you guys. I put it all into it. Um then
these ones are some of these are a
little shorter and then this one right
here, the small account challenge, that
one's 23 hours long. You know, I mean,
the interviews with profitable traders,
that's 24 hours long. So, you know, this
is this is right now is the curriculum
that we've put together. Um and so, you
know, I wanted to come on here and give
you guys the last call uh because our
Black Friday sales and Cyber Monday
sales are ending uh today. So, they end
uh tonight at midnight.
So, uh but yeah, I think when I I
remember when I first started teaching
um
I I you know, there were people in the
community who were like, "Oh, I've been
learning from this person and you know,
this person." Um
and I was like, "Tell me, what is that
like? What do you what have you What did
they teach you that was really great?"
Um you know, or what did they where did
they fall short? And the thing that a
lot of people kept saying is,
"You know,
um
the the education on the surface was
good, like high level
talking about strategy and, you know,
showing examples of their trades, but
then there was kind of this like
um
major gap of how do I actually
like apply this today? Like, what are
the steps I take today?
How do I actually find these stocks in
real time?
You know, like how did you find those
stocks? And then people couldn't tell.
Like, it was I Where did you even find
that idea? You know, and how did you
know to get in there?
You know, I see it worked, but like what
was your So, what would have happened if
it didn't work, you know?
Um so, it's confusing and and then it
and then it there's always this question
of like, "Okay, well, can you show me
like over the last like 6 months what
your performance is?" That was something
that I always wanted to see when I was
thinking about like, is this someone I
should learn from? I'd be like, "What's
your performance over the last 6 months?
You know, the last year? Like like day
to day, you know, how much you making?"
Um and and I was just blown away by the
fact that I could almost never find that
information. So, um at the bottom of our
website
um it was very important to me to post
my verified earnings right here. So, on
this page here um you can see my
independent accountant's report right
here, which is this is actually um
an audit right here of um an independent
accountant's report of all of my trading
profits from the small account
challenge. So, that's all right there.
Now, what this gives you is my month
performance, January, February, March,
April, May, June, July, August,
September, October, November, December
um for '17, 2018, '19, '20, '21, '22,
'23, '24.
So, that's every single month. Now, some
of you guys are like, "Well, cool. Okay,
so you're green that month, half a
million bucks.
But I want to see how you actually did
it." Well, all right. So, then go check
the verified broker statement right
there.
And now here, you know, is the month of
January.
So, that's the actual statement right
there. It shows you how much I started
in the account, how much money Well,
this for some reason my camera's
terrible at this. But in any case, um
I'll post the link here in the chat and
you guys can check it out. But it shows
how much I started with, how much I made
each individual day. So, now you can
kind of get a sense of, "Okay,
um
I you know, at least at least in my
case, I tried to bridge that gap where
you can see beyond a shadow of a doubt
that uh I am trading every day and this
is the strategy that um you know, that
that I'm teaching. And so, then through
the recaps I post right here on YouTube,
you're able um you know, you're able to
actually see like when you log into
those individual days, oh, those were
the stocks that you know, Ross was
trading. You know, so today upload my
recap.
Uh um
From 2017 through 2020,
pretty much the beginning of 2020, I was
doing the recaps every day.
And then during the pandemic, um I sort
of switched and started just doing um
during the beginning of the pandemic, I
was doing a live broadcast of my
watchlist. Um
you know, we were sort of like all in
this lockdown. I was like, "You know
what, guys? Like, I'm just going to
stream here. We're all in this
together."
And so, I was doing that every day. And
then I kept doing that for a good
portion of um 2020, even into 2021. I
was still doing a a live day trading
morning show here on YouTube. Um and
then
um I then I sort of switched gears and I
was like, "You know, I think I need to
get back to
um
kind of the the core of like what um the
way I I was doing things before, which
is to do a recap of my trades." And so,
then I switched back to doing recaps.
And I'll be doing those now um
for uh for several years again. So, I
had a little period in there where I was
kind of not very active on YouTube. I
was only uploading
every couple of
weeks and um
yeah, I just I don't know. I was I was
teaching, but I wasn't as active on
YouTube and then I um then I got more
active again.
What's my most profitable strategy? So,
my most profitable strategy
um I mean, the thing is I really you
could argue that I really only trade one
strategy. Um
that's the thing. I mean, I What's the
strategy that I trade? I'm a momentum
trader. You know, I trade momentum. So,
uh you know, I
I don't
I don't trade like a huge variety of
strategies. So, that is my most
profitable strategy. What is customer
support like? So, we do have customer
support um and we have it in two ways.
So, we have email support that we offer,
and we have pretty quick turnaround
time.
I'm really really pleased with my
customer support team that I have.
They do a phenomenal job, and so I have
people that are that are part of my team
that uh
ran customer service um at a different
tech company, not in the trading space,
but
um but at a pretty big tech company
publicly traded company, and I was able
to um hire one of them to kind of
lead my team here, and then everyone
that works um you know, is right
underneath um under that leadership. So,
I'm really pleased with that. It's not a
big team, but it's very organized. So,
we have a ticketing system. We get your
tickets, we get tag it, and then we
reply to it um if it's a existing
customer, or if it's um
you know, a prospective customer. So, we
try to reply to existing customers
first, prospective customers second. Um
sometimes if you're emailing from an
unknown email um that's not associated
with your account, you'll get in the
wrong bucket, but we'll we'll we'll get
you fixed uh there. In any case, um
so customer support is email um Monday
through Friday, and then uh we don't
email too much over the weekend unless
it's really urgent.
Then, during the day, regular trading
hours, you can log in and we have a chat
room. So, you can log in with the
support room, and you can get email uh
text support type uh like um you know,
typing support.
And
um then we have mentor sessions. And
during the mentor sessions, you can
bring Q&A, and those are more
trading-specific questions. So, our
customer support is really good with um
text support, billing questions, login
questions, things like that, but they're
not um traders. Traders want to trade,
right? So, they understand trading well
enough to point you in the right
direction to find the answers to your
questions, but uh but ultimately, if you
really need a trading-specific answer,
you're going to need to come into the
mentor sessions, which is you know,
whether me or one of my other uh Warrior
Pro graduates who are now helping with
these Q&A sessions, which is great. Um
but we don't do phone support. So,
that's the one thing we don't do. We
don't do phone support. Um
it's just
I mean, the fact is I I think probably
I don't know, phone support is is tough,
but um
it's just it would be it would be
difficult for us to offer that, I think.
All right. Um so, let's see. What's the
next question? Um
Yeah, well, that's the thing. So, I I
kind of think that there's two leading
causes of failure among traders. The
first is they come into the market with
no strategy, they're shooting from the
hip, and they can end up losing a lot of
money. You know, half a million dollars?
Yeah, I've seen that happen before. I've
seen traders come in, and they'll make
some money, they'll have some beginner's
luck, and then that gives them a high
degree of confidence, and they're like,
"Oh my gosh, you know, here we go."
Um
and um
and then, you know, all of a sudden,
they start to spiral. And so, it can be
a very slippery slope, and it's really
important um
to be able to pump the brakes on your
trading when your metrics are not are
showing that you're not making good
money, right? That's when it's time to
step back and slow down, for sure. Um
now, the second group of traders I've
seen fail will have a strategy, whether
they learned it from me or someone else,
and yet they
cannot get out of their own way. They
can't follow the rules of their
strategy. And you know what? I think we
can all relate to this because we've all
as traders had these moments where, you
know,
we have rules, and we have our max loss,
and this and that, and then sure enough,
what do we end up doing? You know, we go
and trade past max loss. And it's like,
I feel like a here. This is really
ridiculous, and um I'm going to take a
big loss here on this one, and it was
totally avoidable if I had just had the
discipline to follow the rules of my
strategy. So, discipline is um something
that we're all, you know, working on.
And it doesn't it doesn't happen
overnight. It does take time.
Um
you know, and even and I would also say
that discipline is one of these things
where um
it's it's a muscle, you know, and and
it's not like you have it you get it and
you have it forever, and you're good.
[clears throat]
It's something that gets better in time
um
you know, I think, but it's also
something you have to keep working at.
Discipline can be a really um
it can be a really tricky one.
All right. So, let's see. Um
And I want to thank you guys who are
tuned in here, you know, listening to
this Q&A and throwing out questions. I
appreciate that. So, this this behind me
um right here, um
that what where is it? I'm bad at Let's
see.
How do I even get my hand to go in that
direction? There it is. Um
it's like my mirrored. That was made in
the 1880s. Um this is a um
ticker tape machine, so it printed the
quotes, and it was made in the 1880s.
And this, I think, was made in the
1960s.
Um I can look it up right now.
Um it was the Isaac 250 stock market um
like computer.
It's old. Um
let's see. Age.
Um 1967.
Yeah. Yep. 1967, the Isaac 250.
So,
um
I have another ticker um that is um a
little newer than this one. It's
probably than the one in the corner back
there. It's from the 1920s.
Um I do I do like them.
They're hard to come by. Um they're
they're they are quite hard to come by.
Um
I wish I could get more find more of
them, but they're they just don't come
up for sale every day.
Um
unfortunately.
So,
yeah.
Let's see. Um
All right. So, let me
All right. Let's send that off. Okay,
where do we go?
That's good. Um
How do I feel about trading in the sim
as part of trader rehab?
So,
>> [sighs and gasps]
>> I feel a little mixed about it.
Um
I think that if you're in a place where
you've
um
I think if you're in a place where
you have no historical track record of
profitability, then yeah, you should you
should be in a simulator. If you've made
money
um and you're just right now having kind
of a setback, then I think that's a
little bit different. Um
you know, cuz if if you're making money
trading
uh but you just had a big loss, I
usually would put myself in the trader
rehab, and what I would end up doing is
I would focus on um trading with small
share size, and and just stay with real
money, but with small share size. I
think that's the better approach um if
you would generally are doing well, but
you just hit, you know, a bump. And
look, I mean, it can be a big bump. Um
you know, I've had some big bumps. You
know, I've had some big losses, but I
still felt like
going to the sim was too much of a step
uh setback. I didn't think I could do
that.
Um
so, for me it made more sense to stay
with uh with real money.
I think at
so,
like I said, look, if I if I lost
$250,000,
have a really big loss, I'm not going to
go into the sim.
On the next day, I might take the day
off. I might cap my share size at like
5,000 shares just to stop the bleeding
for a couple days. So, if I keep
trading, at least it's the losses aren't
big, but I'm not going to go to sim.
Um
I'll go order type enabled. Um I'm
curious what broker you're on um where
you're seeing that. I'm not totally
sure.
My favorite pattern really is probably
the micro pullback in the first pullback
because this is a pattern that I see
just all the time. In a really hot
market, when you have a stock with
breaking news, it doesn't wait, right?
So, this is what we had today. We had a
stock, if you watch my my recap, we had
a stock that popped up, it had news. Um
this thing was squeezing. It was moving
really fast, and it gave a momentary
pullback, and then it kept ripping
higher. I'm going to pull up the chart
for you, and I'll show it to you.
So, it was just it was such a short
pullback that if you didn't take the
micro pullback, you kind of missed the
first leg of the move. And you know,
that's what I want to avoid. I want to
avoid missing the first leg of the move.
Okay, so let's see. So, I'm just opening
up a couple of my monitors here.
All right. So, this one today was PLRZ.
All right. So, I'm going to switch the
camera around. So, PLRZ, you can see it
right here.
Um so, I'm going to switch to the
10-second chart. What are we doing here?
10-second chart. Oops, that's not the
10-second chart. How'd that get there?
Um
I'm going to switch the time frame.
Wait. See.
Hang on one second. Um
10 second.
There we go.
Save.
Okay.
So, I'm going to back this up for a
second. We're going to go back here. Go
back here. Go back here. Go back here.
Okay. So, um these pullbacks right in
here, right there, that pullback right
there, and then that pullback right
there, those This is a 10-second chart.
Squeezed up, dipped down, squeezed up,
dipped down. Okay, so that's a 10-second
chart. Now, let's look at the 1-minute
chart. And what you're going to realize
is that if you were only looking at the
1-minute chart, you wouldn't have you
would probably wouldn't have gotten
those entries.
So, on the 1-minute chart, it looked
like this.
It went from $3.20, sorry, all the way
up to $6.00 without a pull without Well,
the pullback was right here at $5.20.
So, that's your first pullback on the
5-minute chart. Uh sorry, on the
1-minute chart. I was already in right
down here.
I got in right there.
So, it doesn't really look like a
pullback on the 1-minute chart because
you just see that topping tail and then
that little bottoming tail, but that
right there was the pullback. That was
where I bought. So, I got in right there
on that dip, then it squeezed up, and I
kept trading as it went higher. So, now
let's flip back to that 10-second chart.
So, what was happening on that little
moment of pullback?
Um that little moment of pullback was
right here.
It was right there. This was that
1-minute pullback where we had the red
candle. We finally got a red candle
right here, and then we pulled away.
But, that right there was that first
micro pullback.
So,
yeah, the 10-second chart for me is
important, but um but I also am going to
see those patterns on um on the level
two. So, I'm going to see them right on
the level two ultimately, and um so,
what I'm looking at on the level two is
that little moment of dip and then that
surge higher, that next push higher.
So, that's what I'm really focusing on.
When I'm trading,
the this is my workflow. Stock hits my
scanner, I pull it up, and I actually
not even So, stock hits my scanner right
here, and first thing is I don't even
look at the chart, I just look at the
results on the scanner. So, I check um
float, I check the ticker, do I know the
ticker, I check the relative volume, I
check the price, and then based on all
of that, if I if it has news, this has a
news flame, uh those have news flames.
So, this one didn't right here, but
if it has news, then I click on the
ticker.
>> [cough]
>> Excuse me. So, I click on the ticker,
and then right here, I pull up the
chart. So, now chart's loading, I'm
checking the daily chart, I'm checking
the news right here. I'm trying to
figure out is there news, what country
is it in, country code, and so, I'm
looking here, is it on my five-pillar
scanner? And if it is, then I'm already
going to type in the level two, and I'm
ready to start looking at it. And from
that point forward, I'm looking at the
level two, the spreads, the bid, the
ask, I glance at the chart, glancing is
it 10-second pullback, is it a setup, is
it a bull flag, micro pullback,
whatever, and I'm executing the trade,
but I'm really focusing on the level
two.
>> [clears throat]
>> So, um hey, thank you. So, the
five-pillar scanner
um
the sca- all of the scanners are
available for our members. So, whether
you're Warrior Starter, Warrior Pro
member. You have the same glasses? Yeah,
thank you. You know what? I love these
glasses.
I've had these glasses now Well, not the
exact same pair, but this frame for
maybe six or seven years. Um
the I This is I have two pairs. This
pair is um the one that I have around
the house. My pair at the office is
actually slightly different. Um
same brand, just ever so slightly
different. You you'd barely notice the
difference, but
um
Okay, so
um
So, question, what's the true risk of
shorting? If you only short during
pre-market, and you only short the
crappy high-float stocks that can't
really skyrocket.
I I would agree with you. Look, I mean,
a a large-cap stock
is a large-cap stock with a higher float
going to go up 1,000% in 7 minutes?
Almost impossible. Very, very unlikely.
Um so, yeah, I I agree that your your
risk is is much more limited on the
short side with that approach.
There's risk with shorting, there's risk
with going long.
Um
the risk with shorting is inherently
higher, but you can mitigate it with the
choice of stock.
What advice would I give to What What
advice
When When would I advise someone to quit
trading?
So, hmm, that's a good question. Um
I mean, I would say I would say it would
be if trading is causing you um
if it's causing you more distress
than
um than making you feel good. If you're
no longer feeling optimistic about it,
and that's in spite of having like
sit-down kind of real like
heart-to-heart conversations of like
you know, this is where you're at, this
is where you want to be, these are the
steps to get there, give it 3 months,
can you make progress? Done it, tried
it, made no progress, kept reverting to
my old mistakes, my old bad habits,
overtrading, revenge trading. And And a
lot of times, it is it does end up being
an internal battle where it's like, I am
my biggest obstacle here. Can I get out
of my own way?
And
I I sometimes think that traders have to
kind of have a like rock-bottom moment,
the traders especially, the ones who
struggle with emotional self-control,
chronic overtrading, um
spiraling, not following rules, stuff
like that. They need to kind of hit rock
bottom to have this like, okay, wow,
I can't keep doing that.
For me, um
I had I suppose you could say a rock
bottom, and it was a point where I could
not I I took a big loss, I could not add
more money into my account until I sold
things in my garage on Craigslist and
eBay.
Uh I was like it was that bad. And I was
like, this is your last shot. So,
like stop messing around. The problem
was
every four to six weeks, I would just
have that one trade where I'd give back
all the progress I'd made in the
previous four to six weeks, and it was
like,
I can't believe I just did this again.
And every time that would happen, it
would just be like, I took two steps
forward and then two steps back.
And so, it required me to have an insane
level of discipline. I actually remember
doing this thing where
I I was so desperate, I put um
I put tacks on the floor. I had must
have read about someone doing this. I
put tacks on the floor and like under my
shoe, so or like in in between my foot
and my shoe, so I would push on it, and
I would I had rubber bands around my
wrists. I was like doing everything I
could to like make trading uncomfortable
for me. And the reason I was doing that
is cuz I was trying to
be done trading. I was like, I only want
to be looking here at the computer for
like an hour tops, and then I'm like
done.
And um for some reason that kind of
helped me like minimize the time. Like
it Look, if you were if you were
struggling with overtrading, and you
force yourself to trade like hanging
upside down from the monkey bars, you
wouldn't trade for 6 hours.
>> [laughter]
>> You know what I mean? You wouldn't be
able to do it. At certain point, you'd
be like, I I'm done.
So, I I guess I kind of that like helped
me a little bit there with that chronic
overtrading issue.
And then the issue with um
you know, having those big losses,
it became fairly obvious the mistakes I
was making. Um I was like, okay,
I can I see what I'm doing,
and I need to restrain myself to stop
trading these types of stocks.
And this is the difference between
success and failure, and it's so
important. I I need I absolutely need to
get this dialed in here.
And um
I basically gave myself such a tight
leash, I could only trade like basically
three times a week, um only if this
particular setup formed, and if it
didn't, I couldn't trade. And I just
said, you don't deserve to trade
anything else. You can only trade this.
That's it. And I did that, and um then
after, you know, series of time doing
that and having some some finally some
success, I I let myself start branching
out, and you know, I'd have another
setback, and then I'd have to dial it
back in, but that was like the beginning
of me really turning the corner. So, you
know, that was a difficult time for me.
There's no question about it, but um
but it you know, I mean, I don't I don't
regret it. Um
you know, I'm glad that I was able to
push through, but I I also understand
that not everyone that's going to be the
right decision for them.
Uh thank you for the question.
So, let's see. Um
What would I Let's see.
Um
Would you say that a more expensive
ticker like $7.00 is smoother than a
more predictable ticker of $1.00 to
$3.00? So, I actually would say that um
Hey, Jason. I I would say that um I
would love to have you back.
I I would say that um the price range
where
um
I do well is like $5.00 to $10.00.
You get a little cheaper, it can be a
little tricky. Um the spreads get very
tight, which is good for managing risk,
but then they sometimes like start stop
moving. They're not moving enough.
So, that could be really frustrating.
Um higher price, you start to get bigger
spreads, so you can get bigger whips,
but if you predict it going the right
direction, then
um
you know, then you can more likely get
$0.50 a share.
Um
and I think, you know, blowing up an
account, some would say it's a rite of
passage. Um you know, everyone blows up
an account at least once.
Um that there's probably some truth to
that. Um
you know, I I don't think that's totally
wrong, but I think that one of the
things that, you know, I I hope for
um
you know, is that
you're able to have make a lot of those
beginner mistakes in a trading
simulator,
so that when it comes to trading with
real money, you've already kind of
figured out these are things I really
need to avoid.
And that's going to put you in a better
position.
And if you've learned about risk
management and you've learned okay, you
know, there's these certain things that
I just um
you know,
like I I I
I have to set guardrails on my account.
You know, it's like is
does everyone fall off a bike when
they're learning to ride a bike? Um
yeah, I suppose probably, but um
what if you were wearing a helmet?
Well, now the stakes are a bit lower.
You know, what what if um
what if you start on a balance bike
before getting on like a big boy bike,
you know?
You'd probably have a better chance of
doing better when you first ride that
real bike.
You know what I mean? Like there's just
certain things that you can do that are
going to lower the stakes for when you
first go live. And
um unfortunately, a lot of people when
they first go live that the stakes are
still um really high. They're not
prepared for
um
you know, kind of some of the
inevitabilities of
uh trading and managing risk. So,
here's here's my old pal.
Hey, girl.
You know, this girl.
Yes, you are.
Girl, you've been with me since oh
gosh,
when you were born, you were born now
remind me what it was 2013.
You were born in 2013, girl.
Mhm.
Wow, can you believe it? All those
years. All those years teaching.
>> [clears throat]
>> All those years keeping your daddy
company.
Oh,
mhm. She had a tough year this year.
Oops.
Sorry, girl.
She had to have a big surgery.
It was really scary for her.
Oh, she had a tumor on her belly. She
had to have it removed.
But she's still with us.
Another another Christmas, girl.
And she comes to work with me every day.
Every day she comes to work with me.
So, uh she's a she's a real special
girl.
Yes, you are. But come 4:00 come 4:00
she's ready for dinner.
And she's like, all right, that's
enough, Daddy.
It's It is time for dinner now.
Right? Well, no, I'm sorry. Did I say
that word?
>> [clears throat and cough]
>> Uh she's a she's a beautiful girl.
Uh she's got her coat is really nice
color.
How do I calculate five times relative
volume? Um so, it's calculated
automatically by my scanners, but um the
way we calculate it is based on
um
it's it's we look at So, there's there's
two ways you can calculate it.
Um
There's a couple different ways, but the
most common way would be to look at the
volume relative um
to what is normal for that stock. So, if
a stock typically has, let's say, half a
million shares of volume a day,
um 500,000 shares a day, and that's the
average over the last 30 days,
then um
if today it's trading on 5 million
shares, it's got 10 times relative
volume.
But what if at 6:45 a.m. it already has
500,000 shares of volume, but it's only
6:45 a.m., right? It's super super
early. Um
we factor that in. We factor that in and
project, you know, based on that where
it's headed. So, it's also the relative
volume based on where it's at in the
day. So, that's another that's another
um component. Hey, all right, a pro
member here. Best class, best community.
Love the classes. Ross starts every
morning at 7:00 a.m. That's right,
bright and early.
I am uh nothing if not consistent about
showing up every day at 7:00 a.m.
Uh my outfit, you never know. You never
know what you're going to get, but I'm
I'm there.
My position sizes today?
So, let's see.
Um
I'm trying to remember what my first
position size was on that one. Um
pretty sure I was using 5,000 share
block, so 5 * 4 uh 20,000 shares
probably was my starter. Um
and then I might I don't think I scaled
too high, but I did hit uh max buying
power. And I think so, I I reset my
account I'll reset. I dropped my account
down to about $180,000,
which I know was a lot of money, but I
had um I'd made some money uh over the
past couple months, and so I took out uh
$2 million and I transferred
it to my long-term Roth IRA for my
long-term investing strategies. So, I
dropped the account from 2.2 million
basically down to
a little under 200,000. And uh so, I hit
my max buying power. So, just divide
that by whatever it was at the time, six
or seven dollars a share. I think it was
when it was at $7 a share that I tried
that position. So, yeah, I was getting
kind of heavy and I couldn't I couldn't
add more. Maybe it was 35,000 shares. Um
yeah, something like that. 330,000.
So, what would I recommend for someone
who works a 9:00 to 5:00 job, can't be
at the computer at work? First of all,
what kind of job do you work? They won't
let you be on the computer? Okay. So, if
this is the case, um this is what I
would suggest. Girl, where did you go?
I really did want to snuggle with her
and now she's just abandoned me. Oh,
there she is. Let's go Let's go pet her.
Um
so,
this is what I would say.
Um
Hey, girl.
So, what what I would say Oh, come on.
She's She's like, I really preferred not
to be on the camera, Daddy. This is
humiliating.
Come on.
So,
uh this is what I this is what I would
say. Um if you're working 9:00 to 5:00,
um
I guess one question would be
well, hold up. 9:00 to 5:00 literally
Eastern Standard Time? Because I start
trading at 7:00 a.m., right? So, you
could sit down at 6:30, trade till 8:30,
and then maybe still make it to your
job. But maybe that was more like an
expression that maybe it's not literally
9:00 to 5:00.
So, that's one. Um if it's literally
9:00 to 5:00,
um
then yeah, I think you could still
trade. If it's not if it's just more
that the commitment doesn't work with
your you know, schedule, then okay, I
get that. So, then what I would do is I
would probably So, I would probably
practice
um
using
uh Thinkorswim's on demand. So, with
Thinkorswim's on demand, you can replay
market data. And so, that gives you a
chance to replay at the end of the day
if you want to. You can replay the
market. So, I would do that in the
evenings. I would watch um you know,
recaps.
Watch everything I upload here on
YouTube. And if you're not able to do
anything during regular hours, anytime
between, you know, 7:00 a.m. and the end
of the day, then
subscribing to tools that give you
real-time market data is not going to
help you, right? You're not able to take
advantage of it right now.
You could subscribe to classes and you
could listen to them
um and you could watch them at night and
on the weekends, but you know, you're
going to want to
try to put implement some of the things
you're learning. So, now it's either
doing replay data
or um you know, trading early in the
morning maybe, or trading potentially
later in the day. Um after hours. Not
that that's ideal, but
you know, the long hair um what's the
story behind the long hair? So, yeah,
you know, I um
I don't know. I I guess I don't really
know what the story is, but um
I think it's just towards the end of
high school
um
you know, I went to a school that was
somewhat rigid.
Um
you know, kind of had a uniform,
[clears throat]
dress code. Well, it wasn't a uniform,
but had a dress code. Had to wear um
you know, had to dress
dress up kind of every day and
um be kind of
well-kept
um you know, well-kempt.
And
when I sort of got out of that, I think
I kind of I mean, that was a point in my
life where um
you know, I I think I was
I don't know. I I was struggling in a
lot of ways. I uh I had a lot of stuff
going on. My father was sick and you
know, I
was feeling really
I was having a hard time I was having a
hard time with people telling me what I
had to do.
You know, you got to do this. You got to
do that. You got to go You got to get
this job. You got to go to this school.
You got to do this. You got to do that.
You got to do that. And I think it was a
little bit of like, you know what?
No. I'm I'm
You can't tell me to cut my hair, you
know? That's something the man would
say.
So, yeah, I think I sort of um
didn't like that so much. And
and honestly, I mean,
in the early 2000s, I mean,
I feel like
having long hair was even then still
like, you're not going to be able to get
a real job looking like that.
And it was like, maybe I don't want a
real job, you know? Maybe that's not the
path I want to go down.
So,
growing up in Vermont, you know, um
and even the time in New Hampshire,
there's you know, New Hampshire's the
live free or die state, which I love
that motto.
Um
but
Vermont, you know, the Green Mountain
state, but I think it's just you've got
a lot of people that are a little bit
more um off the beaten path and um
I think it makes you think a little bit
outside the box in terms of like how you
want to live.
You know, being down in some of the more
um
you know,
suburban areas can be very like khaki
and vanilla and kind of
you know, you feel like you everyone
needs you just you have to get I should
get a job as, you know, just
I don't know.
Short interest is calculated
um it it it is
the number of shares held short relative
to the float. Um
so
it's pretty simple calculation, but the
data can be delayed. It's not always uh
real-time. It's never real-time, almost
never, but um there are some providers
that have gotten pretty good um
pretty good data.
I use Ortex, o r t e x, for short data.
All right, so let's see. Looks like
we're coming up to about um 9:00 here. I
know, I mean, these this last week
um
I've been drinking this kombucha and
we one of our I don't know, it's very
it's very strong. And then we have um
one of our cousins
uh
he's from uh
he married in um
to my wife's side of the family. He's
from Sri Lanka and his family has a farm
where they've been growing tea
for generations. And he gave me like a
little jar of the tea.
And I was like, oh, this is great cuz I
I like drinking tea. And that is stuff
is like
it's like rocket fuel. I mean, I was
like I I could
you know, hear colors. I mean, I was
just like, whoa.
Um
I've never gotten so much uh so much
work done. Um
Even this past No, was it this past
weekend? Yeah, this the the weekend
before last I got
um
How many hours did I do? I did 13 hours
on Saturday, 12 hours on Sunday. And
then um
I did an extra
Yeah, it was about 30 I got about 32
hours um of of work done on the classes.
Um
just, you know, re-teaching the classes.
Um
It just I think when I get in the zone,
I just When I've when I wrote my book
How to Day Trade the
um
the first version, I wrote that
basically, you know, over the course of
like
maybe like 72 hours. I just kind of sat
down and just
kind of like just
and then it all for me though, like I
kind of need to work that way because
um I feel like when I'm working on these
projects, I'm like weaving a thread and
and I don't want to stop because then I
lose my place and then it's very hard
for me to like get back in. So,
it's kind of easier for me just to be
like, okay, I'm going to spend like a
stretch of time here just being like I'm
just going to like
go full full full at it and then um
and then it's and then it's done. Um
So, yeah, I don't know. It's tea from
Sri Lanka.
I'm not really sure.
Flow state. I am a big believer in flow
state. Um
I when I think about flow state, one of
the first things I think about is
surfing.
And um I think about
being on a surfboard.
And I don't I'm not a surfer.
So,
take everything I say about surfing with
a grain of salt, but what I think about
is being on a surfboard and looking
watching a surfer out there. And that
they're not thinking about, oh, I need
to adjust my weight like
6° to the left and this way backwards
and on my axis I need to
it's not it it's it it is the the
balance
becomes like this you are one with a
surfboard.
Right? You're one with the ocean.
And I feel like with trading, when I'm
in flow state,
I am
feeling like
I feel like the computer [clears throat]
is an extension and of my hands and my
eyes and everything. I feel like I'm
seeing the tape. I'm seeing the buyers.
I'm seeing the sellers. I'm visualizing
the chart without looking at it. I mean,
I glance at it, but I can see like
what's happening.
And when it dips for a moment and then I
see just a moment of pause, I'm like I
jump in on that dip and then it pops
right back up. I take a little profit
out and then it dips back down and I'll
do it again. And that's when I'm doing
the dips. So, when I'm when I start
doing dip trading, usually that's when
I'm getting into flow state. Um
because, you know, just a breakout
trade, jumping in, jumping out, you
know, that's not necessarily like a big
big thing, but when I start getting into
those aggressive dip trades, that's when
um
you know, I'm I'm usually like really in
the zone.
Okay, and that um five pillars scanner
is going to be
um available tomorrow for you guys. So,
um
I just asked um
I just got that confirmation. So, let me
just pull it up here. Where is it?
Um
Cool. Okay, so we've got two we've got
two of the scanners here. So, we've got
um
the five pillars um
I'll turn this around for you so you can
see it.
Okay, so we've got this new scanner
right here um which is the five pillars
alert scanner. This is going to trigger
an actual audio alert the second
something hits the scanner and meets the
criteria.
Um and then this scanner down here is
still the list at any given time of the
stocks that meet the pillars of the five
pillars.
But this will let you go back and
actually check the timestamp of when
that stock first met it. Remember
though, just because a stock meets five
pillars right here,
it may no longer meet
the pillars. So, here's the tricky
thing.
The reason I have a list of stocks that
meet the five pillars is because not
only do I want to see the stock meets
the five pillars, I also want to see
that in the moment it's tradeable, which
means it's moving and it's in the top
percentage of the range. So, that top
that five pillars scan is not just
stocks that meet the five pillars, it's
also stocks that meet the five pillars
and right now to me are tradeable.
So, the alert scanner isn't going to
confirm that they're currently
tradeable, but it will confirm the stock
is on the list.
Or meets those five pillars.
So, um hey you guys, um those of you who
have not already jumped over
uh to the website to check out our Black
Friday Cyber Monday sales, reminder.
What am I going to tell you? These sales
are ending
When was it? When are these sales are
ending?
I definitely said it at one point. Now,
I'm trying to remember. Oh, yeah,
tonight at midnight.
Sales are ending. This is the biggest
sale that we have of the year
um
here at Warrior Trading. So, you know,
it's um
and that's one of the reasons I've been
um spending so much time working on the
classes is cuz I want to make sure um
all of you guys who are joining have
access to um
my my the latest content and updated
curriculum. So,
um
you guys I I really think you're going
to have a phenomenal experience. I'm
really excited to see you guys. Of
course, I'm going to be streaming, you
know, bright and early tomorrow morning.
You guys know that as always. Um but if
you haven't checked it out, I would
encourage you to check it out. And the
thing two things I would say is um I
think you can rest assured about the
fact that um
you can see other traders
that are in our community commenting
right here on the feed that they're pro
members and they're having a good
experience and they like it. So, I think
that should be reassuring to you. Number
two, we've got a 7-day money-back
guarantee on the Warrior Pro membership.
So, you can actually get into the
curriculum. You can see what it's like.
and if if it's a good fit, you're going
to stick with it, you're going to love
it, and it's awesome. And if it And if
it's not a good fit for you,
no harm, no foul. You just say, "Hey, on
or before the 7th day, I'm going to jump
out."
And that's okay.
There might be someone in here who's
like, "Hey, I did it, it wasn't a good
fit for me, I jumped out, and I still
tune in, I still watch his recaps. I
like, you know, I like Ro- Ross, I like
watching the videos, it just wasn't a
good fit for me."
That broker, I've never heard of. So, um
I wouldn't probably use it. I'd be I've
just never heard of that broker.
So, you know, we've we we really try to
have your back. Um shorting crappy
stocks that don't meet the five pillars.
Um yeah, not large caps. But yeah, I
mean, well,
so the thing is, this is what you have
to be careful of. If they If it doesn't
meet the five pillars and the float's
above 20 million, right? Or the price is
a little higher, but
the thing is,
you have to be careful about shorting
low float stocks, because those are the
ones that can move really fast. I mean,
we see sometimes these algo spikes
where, you know, they'll they'll just go
straight up.
Hey, thank you. Appreciate that. Um
I always enjoy seeing you in chat. Your
name's um you know, recognizable. So,
thank you.
Thank you for that. I know you're um
you're probably doing that really so
other people notice it, but um
I appreciate it.
So, and we've you know, I this is one of
the things that's been so great is um
you know, having this community of
traders over the years that, you know,
I've gotten to know um you know, I we
see each other every day, you know, and
it's um
I I think you know, we all take it very
seriously. You know, we're trading um
the markets together, and it's it's
really nice to have the camaraderie of a
group of traders
that um
you know, you can you can log in to and
and see every day. It's like, oh yeah,
there's our, you know, there Yep,
there's there's our old friend. He's
still here, you know?
We've got um
I I notice a lot of the traders that
have big badges, I notice them. Nick,
he's I did an interview with him. He's
got his 250K badge, he's from New
Hampshire.
Um
He's doing he's doing well.
Let's see. Jack, I didn't catch if that
was um I know I we had a Jack who posted
$11,000 of profit last month, but I
didn't know if that was Jack
um
Jack, you you Jack, or if that was a
different Jack who's tuned in on on
here.
Neil has his $2 million badge. Jess is
at 1.5.
Um let's see. I'm checking some other
badges. You Travis is at 25K. Travis was
on um the stream last night. One of the
things that you can do when you're um in
the chat room, by the way, so when
you're in the chat room, if you want, um
you can go and you can uh click this
right here, and you can say, "Oh, I only
want to see um I only want to see
moderators, or I only want to see
verified profitable traders, verified
profitable users." And now, you're going
to get a totally different sort of
curated view of the chat room. Now,
we've got, you know, Justin with his
500K badge, Nick 250, Wayne 25K,
Travis 25K, Jess 1.5 million. So, now
you're only seeing um the people that
have bigger badges, right? That's one of
the things that I kind of like to do. Um
and I, you know, I don't think it's it's
not a bad idea, so you could just make
sure you don't miss what they're saying.
Um
you know, I mean, I guess in theory, um
you might miss something that's helpful
from someone else, but um
but it but it's definitely nice to make
sure you you don't miss what um some of
these bigger badge holders are saying.
Yeah, I don't know about ChatGPT. Um
you know, I'm not sure what what that's
going to, you know, look like
um
in terms of like
um
you know, if they're if they're going to
do an IPO, I I don't know. It would be
very hyped up, but um
we don't know.
Watchlist for tomorrow. Um
Well, so the first thing I would check
would be the after-hours top gainers,
and
we had a big move on PMAX after hours,
but lately, we haven't had good
continuation from after hours into
pre-market. So, I think honestly, our
best bet is probably going to be
watching our scanners tomorrow morning
for breaking news.
Um that seems to be what's been working.
You know, sub 1 million share float with
breaking news.
Um manage your risk on them, they can be
very volatile, you know?
So, be cautious, but that those seem to
be Oh, was PMAX China? I didn't see
that.
Um so, that's a little bit tricky, but
um
yeah, I you know, manage your risk on
these, but um
but that seems to be where um you know,
it kind of makes sense to focus, I
think, at this point.
Okay.
So, Chinese and Hong Kong stocks,
I will trade them. Um
I've done well on some of them. They can
give us really big moves,
but we also have seen that they've
pulled the rug out from underneath us a
few times, and we've had these huge
drops,
and that's not cool when that happens,
unfortunately.
Um
that has been really upsetting. So,
you know, for that reason, I
just try to be careful and not overstay
my welcome on them, you know, get in,
get green, and and get out.
Yeah, you could join using the Black
Friday coupon code and start trading,
start in 2 weeks. That's not a problem.
We do have members that do that
sometimes.
Um
it's not a problem. Yeah, you you you
definitely can do that.
So, Donald says, "What's so exciting
about being a pro member? What do you
learn? Any live sessions with Ross,
Q&A?"
Um so, I can let other people um you
know, comment certainly on it, but
but what I would say um
probably is
I think there's probably three things
that people really value. Number one is
my live
uh my actual live trading. So, where
you're actually, you know, watching me
while I'm trading, and you can see my
position window, and see how I'm getting
in and getting out.
And my commentary.
Number two would be um when I'm teaching
classes live,
and or when I'm doing um Q&A sessions.
And then number three would be when I
have um Warrior Pro graduates uh who are
teaching classes,
or when I'm doing when we're doing our
uh trading psychology program. And those
are the live things that you get um
as a Warrior Pro member. That's not
factoring in, but that's so sort of
seemed like what you were asking. That's
not factoring in
um
you know, what we were talking about uh
before in terms of, you know, all the
education, and the scanners, and, you
know, the news feed, and everything
else.
Um yeah, this laptop is not my trading
laptop. It's it's my kind of like I
don't know, it's sort of a house laptop.
Um we just sort of leave it in the
house.
Um
my trading laptop I have in my office.
Um
I don't like to carry it around more
than I need to, because it's, you know,
a little more expensive. It's a little
delicate. It was snowing today, so I
don't want to wouldn't want to carry it
outside without putting it in something.
Oh, girl, I see you.
What is it? You know what? I know
exactly what it is.
So,
I can tell you exactly what's going on
here.
Um she doesn't need to go out.
She's not hungry. She's She doesn't want
water. What she You know what she wants?
No, she wants to go to bed.
But she doesn't want to leave me, but
she wants to go to her bed upstairs, her
comfy bed. She wants me to come with
her.
She wants me to bring her to bed.
I know, that's what it is.
And I can't say no. I'm going to listen
to her. I'm going to bring her to bed.
So, um thank you guys for tuning in. Um
coming up here about 9:30.
Um this has been a great broadcast. Uh I
love coming on here and doing some Q&A.
Uh I'll do another one um
you know, at some point. I haven't done
these in a while, but um I'll do another
one at some point. So, uh this has been
um kind of this has been a lot of fun.
So, thank you guys for hanging out with
me here tonight. And I will see you um
I'm going to be streaming bright and
early tomorrow morning, 7:00 a.m. My
alarm's set, so
uh I'll see you guys then, and remember,
last call. So, last call for Black
Friday Cyber Monday. You've got um just
a few hours before
um
uh the sale ends, so midnight. Okay,
that's it for me, and I'll see you guys
back at it first thing tomorrow morning.
Okay, see you in the morning. Bye.
Oh my gosh, girl. Hey. And let me just
remind you, as always, one last spark.
My closing my my closing statement.
Trading is risky. My results aren't
typical. Please manage your risk, and
always practice in simulator before
putting real money on the line. There's
no guarantee you'll find success,
whether you trade with me or you learn
on your own, so please take it slow. All
right, I'll see you guys tomorrow
morning, 7:00 a.m.