Ross Cameron is live!

8:00. Um, you guys don't normally see me
logging on at this time of the evening,
but you know what? I thought I would
come on here for a little bit. Um, so
obviously today is Cyber Monday, and
there have been more emails in my inbox
today than I have ever seen. So many of
you guys are asking questions about
becoming a Warrior Pro member or the Day
Trade Dash platform, what it's like to
be in the chat room. The number of
questions is uh kind of unbelievable.
So, what I thought I would do is come on
here and try to actually answer
questions live for those of you guys
that are tuning in because I think many
of the people that are emailing us are
in fact subscribers right here on
YouTube. So, I'll tell you what, if you
guys have questions about becoming a
Warrior Pro member, you can leave them
right down in the comments uh or right,
you know, right down here in the live
chat and I'm going to start going
through and answering them. Now, uh, as
you know, it is Cyber Monday, the
biggest sale of the year, and it is
coming to an end. So, those of you guys
who haven't already checked out our
Cyber Monday sales, I'm going to put a
link. Um, I'm going to pin it to the top
of the comments so you can check it out.
Now, I'm holding my phone, so it's a
little it's I'm going to try not to do
too much of the shaky cam. I don't want
to make you guys um dizzy. Um but uh
anyway, so um so the the first question
um and this is a question that I see a
lot. If I become a member, how long will
I have access to the software and for
the classes? Uh and this is actually a
this is a great question. So uh when you
become a member, you'll have access to
our curriculum for 3 years. So we give
you access to all the classes for a
period of 3 years. Now, some people
might say, "Hey, when you join, you have
access for life. I've been doing this
for a long time. I plan to be here for a
long time." And I expect at some point,
maybe 5 years from now, maybe 10 years
from now, we'll make updates updates to
our curriculum, we'll make updates to
our CRM, we'll migrate to a new
database, and if I have to honor, and if
I say I'm going to, then I have no
choice to. So, if I'm going to honor
that someone subscribed 12 years ago,
I've got to keep a record of your sign
up and everything else, that I mean,
gosh, that that's longer than you have
to keep uh paperwork for the IRS.
[laughter]
So, just from a sort of logistical
standpoint, we give you access for three
years. And um as a sort of good measure,
if you are still a member in three
years, you continue to retain access
into year four, year five or year six.
Um, if you log in four years from now,
then you'll see that you don't have
access and you can send us an email.
We'll say, "Yep, we see you a former
customer and you know, here here's the
ways to regain access and become, you
know, an upgraded member if things have
changed." So, that's the access to the
classes. You'll have access for three
years. Um, for our uh, if you become a
Warrior Pro member, you'll have access
to our day trading chat room for a full
year. So that's one year of access to
the chat room. So that's my commitment
to you that for the next year I'll be
showing up. You'll be able to log in
every single day and watch me trade. So
you'll have access to the chat room and
my broadcast. Then uh you'll also have
access to Day Trade Dash, which is our
scanning software, scanners, charts, and
the news feed. You'll have access to
that for 90 days, and you'll have access
to our simulator for 90 days. those are
a little bit more limited because we
actually have to pay market data fees on
your behalf. And so if you're still
using it at the end of 90 days, we give
you a monthly subscription so you can
continue using it if you want. But if
you choose you don't like it, then you
don't have to. So we really want you to
use it if you love using it. But if
you're not loving it, we do incur a
substantial cost running the software.
So we we want to make sure if you're if
we give you access, you're actually
using it. Otherwise, we're just adding
um costs that everyone else kind of has
to carry the burden of. Um so, thank you
guys. Um uh update on the PDT rule.
Great question. So, um so as you know,
in February of 20 uh 21, sorry, 2001,
February of 2001, February 27th, 2001,
the pattern day trader rule was put into
place. This was right after the dot
bubble. So we had the.com bubble in the
late you know 1990s this big bubble and
then it burst and the 1990s was also a
period of sort of the advent of online
trading and so there were a lot of
traders who were trading very
aggressively during the 90s who made a
lot of money but a lot of them were
using leverage and trading on borrowed
money and when the bubble burst you know
they'd been buying and not just buying
like day trading they'd been buying and
they would hold for a few days on margin
And it in those days, the markets
weren't quite as fast as they were now.
I mean, you you would have a stock that
would go up a,000%, but it would do it
over the course of a couple weeks. So,
people would buy the new dot um you
know, stock and then they would just
hold it for a week and go up a,000% or
whatever. So, when the bubble burst, a
lot of people were caught holding these
stocks and they really couldn't get out
when they wanted to and then they got a
margin call. So regulators stepped in
really more than to protect retail
traders to protect the banks themselves
from basically having solveny issues
because people weren't able to meet
margin calls. So they said listen we got
to protect the banks here. So the
minimum uh amount in order to day trade
was made $25,000. So now for the first
time since then
uh in 25 years basically FINRA the US
regulator of the financial markets
passed an amendment to reduce the
pattern day trader rule from $25,000 to
$2,000. They passed it just this past
September. So I was featured on a
podcast with um two attorneys that have
been advocating for um you know the PDT
rule to be amended or even abolished.
And so they were really excited about
this obviously. And so they said um that
now that FINRA has approved it, it's
going to go to the SEC for their
approval. And they said that they
believe the SEC will approve it since
FINRA's already approved it. But the SEC
doesn't have like, you know, it's not
like they have 90 days to approve it.
They can take six months. It could take
a year. They've got other things they're
working on. D. So, they're continuing to
put pressure on um on the SEC to try to
push this to the front of the line to
actually, you know, make progress uh and
get approved. They're hoping that they
can actually find um someone who's been
they can feel like is a good case of
someone who's been sort of harmed by the
pattern day trader rule, uh that they
could actually bring a lawsuit. uh a lot
of these attorneys that do this kind of
advocacy work try to do it through case
law. So they are looking to take a some
type of case um you know of someone
that's been harmed and I think you know
a good example of this for instance is
right now I'm trading in my cash account
right doing the Weeble small account
challenge and the cash account and I'll
talk about the aquarium back there in a
second um and I'll talk about what that
is um up there right there in a second
as well. So, the Weeble cash account um
is interesting because I can only take
one trade a day, right? It's a cash
account. And so, I'm dealing with this
issue where uh because I can only take
one trade, I feel like I've really got
to make it count. And so, I'm like
patiently waiting, patiently waiting.
And if I get in a trade and it doesn't
work right away, I'm afraid to bail out
because I don't want to lose my one
trade of the day. So, I end up holding
the losers longer in hopes they'll turn
around. This is an example of an
unintended consequence of um the pattern
day trader rule. Instead of being able
to just day trade and just get out and
then get back in, I'm now holding a
loser longer because I don't want to
lose my one cash account trade for the
day. So, what I'm an advocate of is uh
no pattern day trader rule. So, you can
day trade as much as you want, but
you're not allowed to have leverage
unless you've got more than X amount in
your account. That to me makes a lot of
sense. But I think for the brokers, they
actually want people using leverage
because if you're using leverage, you're
taking more shares. And remember, if
you're trading with more shares, they
make more money because of payment for
order flow. So, there's all these sort
of conflicting interests here. Um, but
anyways, so the pattern day trader rule,
now that FINRA has approved it to go
down to $2,000, it's just basically on
the desk waiting for the SEC to approve
it. And obviously, I hope it's soon, but
I don't know when it'll be. Um, so this
is an aquarium that you can see behind
me. This is an aquarium that has um it
has shrimp. It has little baby shrimp um
that uh are native to Hawaii and they
live in um brackish water, so partially
salt water um right around volcanic um
rocks where there's this runoff right on
the coastline. So, a mix of salt water
kind of coming into these pools of
volcanic rock. And these shrimp can
actually live uh for about 20 years in a
closed ecosystem. If you've ever been to
the Natural History Museum in in New
York City, they have a giant sphere on
the main floor when you first go in.
It's probably like 3 feet across and
it's a closed ecosystem. Uh so there's
no opening. Um and so this is what these
little guys look like swimming around in
here. I have a light in the back that I
sometimes move around. So you can see
there's all these You can see them all
down here. All these little shrimp. They
just swim around. And I've had this take
for years. Um, this is volcanic rock
from Hawaii. The water is salt. So, I
have a little refrator that I check to
make sure the salinity is right. And
this is just they live off the algae. U,
you can't have it in a place that's too
sunny. You want a place that's kind of
stays consistent. Um, and they reproduce
in there. They live happily. Um,
sometimes you'll see some that have
little eggs and um, so that means
they're they're getting ready to
reproduce. And yeah, this is kind of
like a fun um, I'm I'm like, you know
what, it's actually I think this speaks
to my um, kind of internal
um, desire for like self-sufficiency
because um, this these guys are
self-sufficient, right? They're totally
financially free, total independence,
and I love that. So, one of my other um
kind of hobbies, if you will, is um I
have uh terrariums. So, these terrariums
are like this one right here is a big
terrarium that I've had for a number of
years, and it's got a marble on top, but
I don't open it. So, inside this
terrarium is growing. You can see here.
And oh, so I'll just turn this around
here for you real quick. Um, so let's
see. So inside this terrarium, it's a
little bit hard to see, but inside this
terrarium, like right there, um, let's
see. Right there is a little isopod. So
that's a little, um, he's alive. He's
not moving around too much right now,
but um, so the isopods are kind of part
of the cleanup crew. So, they crawl
along the bottom. They clean up the leaf
litter and they eat some of the dead
leaves from this plant. And then there's
little um all kinds of little organisms
and and different things. So, once it's
set up, it's just established.
This one here is another one that I've
got. And they're not they're not always
really pretty. Sometimes they get a
little overgrown, whatever. But they're
kind of just self um self- sustaining. I
mean, this cap just stays on. and I
don't touch it. Um, you know, and so
that's kind of that's kind of the way it
is. So then going back over here, um,
yeah, this is my little this is my
little shrimp my shrimp station.
Yeah, it's a nice little spot.
So anyways, um you know, but I think it
really to me, for me at least, it speaks
to this um like deep feeling of um
I just it I don't know that
self-sufficiency. Um you know, that's
like I have a wood stove right here next
to me. I I just I feel like it's so
important to be self-sufficient. I don't
know. I've been reading my kids um the
stories uh Little House on the Prairie
and
um they're great, you know, the the
books are great. Um they're just such
wonderful, wonderful old stories. Uh
anyways, so uh so I came on here because
I wanted to answer some questions. I
answered two so far. Um one about how
long you have access to your Warrior Pro
membership and the other was um about an
update on the pattern day trader rule.
So, thank you for those questions. So,
let's see. Um, and by the way, I I'm
answering these questions because I had
so many people that send me emails uh
this evening and this and today that
there's no way that I'm going to be able
to answer them all. And so, my hope was
that I could answer some of the most
commonly asked questions um in this live
broadcast and I can send people the link
um and just say, "Here you go." Now,
generally speaking, um you know, any
time of the year, people will come over
to the website and they'll see our
Warrior Starter and our Warrior Pro
membership, and it's all laid out on the
cur on the website, so you can see the
curriculum and what's included. Um, but
I think during Black Friday and Cyber
Monday, people a lot of people will
email in and have sort of little
questions here and there, which a lot of
times are pretty straightforward. And um
and maybe some of you guys even just on
here talking about your experience will
help others realize, oh yeah, this is a
you know this is a great program. So
anyone on this chat right now who is a
current member
um please give a shout and say you know
that you're a member and let other
people know um you know what you what
your experiences have been like. Um now
let's see. So,
um, and let me just scroll up and I'll
look for the next question while you
guys are doing that. Do we offer
upgrades from starter for starter
members? Yes, we do. Um, that's super
easy. We have, um, actually right on
your members dashboard, there's a page,
there's a link that says renewals. And
under renewals, that's where you could
renew any members, any like subscription
you have, your simulator, um, your chat
room or your scanners. but it also have
a link where you can upgrade to to the
pro and you you only pay it's basically
we credit what you've already paid. So,
um the upgrade is is pretty pretty easy.
Okay, so let's see. Um
okay, so here's my question. With your
smaller accounts such as $2,000 to
$5,000, what's your recommended amount
of shares to take on a trade per day? Of
course, it depends on price. Okay, so
great question. Um,
my focus with the small account
challenge is to buy as many shares as I
can afford.
So, pretty much I'm using 98% of my
buying power on each trade. So, right
now, my account with Weeble has about
$3,100 on it in it. So, if I see a stock
at $310, I'm buying a thousand shares.
If I saw a stock at $6, you know, buying
500 shares. If I saw a stock at $12, 250
shares, but to be honest, I wouldn't buy
the stock at $12 because my goal is to
try to grow the account by 10% each day
that I trade in it. So, since I have no
leverage, that means whatever I trade
has to move up 10%. So, okay, a $12
stock going up 10%. That means I get in
at 12 and I don't sell till it goes to
1320,
that's not realistic. So, on the other
hand, a $3 stock goes up 10%, I sell at
330. That I could do. That's 30 cents a
share. I could do that. I I can do that.
And I've already done that in this
challenge. So, my sweet spot is
ultimately trying to find things that
are cheap enough that can go up 10% but
not so cheap that they're going to be
really thickly traded and unable to
break out. Cuz sometimes when you get
these really cheap ones like 40, 50, 60
cents a share, you'll have people that
buy like 300,000 shares or more and they
end up they're they're looking for
something that could go up like a dollar
a share and they could make 300 grand
on. but it creates a lot of congestion
and so they end up being very thickly
traded and it's it's really it's not
easy. Um so thank you uh for that
question.
Okay, so let's see. Um now by the way I
did see we had another stock this
afternoon that put in a huge move which
was amazing great to see. Um this stock
was F LE
I think it was. um went up about 300%.
And it's not something that I'll
probably be watching for tomorrow if I'm
going to be honest. And the reason I'm
pulling it up on my laptop here. The
reason is because unfortunately um it's
now going to be too expensive. So, yes,
it made this really nice move. It's
great to see. I'm bummed out that I
missed it, but I missed it. You know, I
was teaching class. So today we started
class at what was it about 10 10:00 a.m.
and I taught class until 3:30. Um so it
was a long day of class. Uh tomorrow's
class will be a little shorter and then
we'll have a longer class again on um
Wednesday. But if I pull up my um charts
here, so our leading gainer um on the
day LE. So let's pull that up here.
Let's look at this one. So I'm going to
do control zoom out of this. Okay. So,
let's see. I'm just looking at my scans
here on my laptop. Um, I don't, you
know, I I do spend a good amount of time
on my laptop later in the day just kind
of looking at scans and stuff and
looking at stocks that have moved. So,
I'll just flip this around so you can
kind of look at the chart. So, this is
the chart here, LYE. Um this morning it
ended up, as you can see here, um
squeezing up from about $4 on multiple
halts kind of back to back in this area.
Then it ended up pushing up with halts,
dropping down with halts, halting,
halting, halting, halting, going up to
about $22, then selling off all the way
down to $8. So it gave back like 70% of
the move right there. Then it rallied
back up to 24 going into the close. and
now has come back down to like 13 14.
Whoa, that's that's a lot. What about
SMX? Where did that one finish today? We
saw the SMX put out news um that they're
selling more shares on the open market,
but they didn't put a price on those
shares. Um so this is the headline here.
It's uh they entered into a deal with an
investor who's going to give them a loan
for 11 million, but it's a convertible
note that they can convert into stock.
And then he's giving them a line of
credit of an additional $100 million,
which is unbelievable. So, someone has a
kind of big vote of confidence for that
stock.
All right, so um let's see. So, next
question. What tools do I really need
like allin? So, when it comes to
trading, um these are the tools that you
need and I'm going to walk you through
the tools that you're going to get as a
member of Warrior Trading and the tools
that you have to get separately. So
number one, you need a broker. Warrior
Trading is not a broker. So we don't
take money. You can't trade with us.
We're not a broker. We're education and
software. So you will need a broker
account. I'm using Weeble right now for
my small account challenge. A lot of
people use Charles Schwab. Uh that's
fine. Erade, Interactive Brokers, you
know, Robin Hood, I don't know. And then
there's a lot of offshore brokers that
people use. There's a lot of
international brokers that people use.
And then there's some uh US brokers that
really cater for professional traders
like Lightseed, Guardian, Centerpoint,
Cobra. So, there's dozens of different
brokers. And I actually have um a page,
let's see, Warrior um top brokers. Uh I
have the top five brokers. And on this
page, I break down for you um my top
five brokers um that I'm sort of, you
know, in favor of. By the way, no
affiliate relationships with any of
them. They're just the ones I think are
the best. But I break them down by about
30 different uh points of comparison. I
have this YouTube video that you could
watch on the topic. Um but in any case,
these all kind of go go over like, you
know, I rank them. I put them on a raw
score. And um so, you know, of all these
brokers out there, um you know, there's
a handful that I think are really good
for day trading and there's some that
are not so great. But number one, you'll
need your broker. Here's the good news.
You don't need it right now. In fact, I
don't want you to use a broker right
now. Because if you're a new member
learning my strategies for the first
time, I don't want you to put real money
on the line. You know what I'm going to
say? Trading is risky. It is. So, here's
a better idea. We're going to give you
access to a simulator for 90 days as
part of your Warrior Pro membership. So,
you can practice all these new
strategies you're learning in a
simulator. So now you don't need the
broker because you've got the software
that we're giving you access to to
practice trading. Now here's the cool
thing. The software that we're giving
you access to, we actually license it
from a data vendor or from a um from a
software company, a third party company,
and they license that same software out
to different brokers. So you're actually
training on the exact same software that
you can use with real money, which means
your transition from simulator to real
money is going to be a lot smoother. So
you're practicing same software you'll
use with real money down the road or
that you could use if you want to. So
right now the broker you'll eventually
need it, but today you don't need it.
You'll have access to a simulator.
You're going to have access on our
platform. In addition to the simulator,
you'll have access to the charts. You'll
have access to the scanners. You'll have
access to the news feed right here. And
of course, you'll have access to our
chat rooms. So, in this context right
here, what else do you need? There is
actually nothing else that you need
short-term. What am I using that's
different that you don't see here? Um,
well, I have my own broker, so I use
that for executing the trades, but I
don't use my broker for charting. I
don't use them for scanning. I don't use
them for news. I only use them for
executing the trades. Um, I use a
thirdparty platform called Trader View.
Uh, T R A D E R V U, Trader View. I use
them for, um, all of my analytics. So, I
import all of my trades from my broker
to that software. And I've used
different brokers over the years, but I
always import to the same data uh, tool.
So, that costs about uh $49 a month.
They have a free version uh, but I've
been using that version. So that's $50 a
month. You know, one of the nice things
for you guys is that when you're using
our simulator, we actually aggregate all
of your data and give you the same
metrics, so you don't need to export
them and import them somewhere else. But
when you start trading with real money,
you will need to do that. So that's one
thing you'll need down the road. Um, I
use BAM SEC. It's a website where you
can search SEC filings, and it's not
very expensive. Well, I don't think it
is anyways. I'll have to see what I'm
paying for it. Um, but that's they do
have a free version as well. Um, let's
see their pricing. Yeah, it's actually
surprisingly expensive at $69 a month.
Um, I would just use their free version.
Their free version is adequate. That's I
think that's more than it's worth. Um,
and then I have a couple software
subscriptions that I use for access to
real-time short interest. uh which I do
find to be particularly helpful but um
but one only one person really needs to
subscribe to it. Usually in chat in the
chat room people will say hey can
someone check the short interest of XYZ
and then someone will check it and just
let people know what it's at. That
software does give you additional data
but you don't really need all of it um
for for general purposes. So, so Gen, so
in other words,
everything that you need for the most
part in order to get started
is included in your Warrior Pro
membership. Certainly, everything you
need for your first 3 months, probably
even your first 6 months, maybe longer
if you train the simulator for longer.
Today, uh the class that I was teaching,
uh we were talking about when to
transition from sim to real money. and
that transition from SIM to real money.
Um, you know, it's a question that
people ask me all the time. You know,
when do I when do I make the switch? And
so I laid out for you exactly the
milestones that I would want to see from
your metrics and performance before you
make that switch. Um, it's it's not it's
not too complicated. When you hit those
specific milestones, then you're ready
to make the switch. Um, so now I'll show
you behind me. Um,
so this this right here, you can sort of
see this um is a Western Union ticker
tape machine. You can see right here
they made these um this one was made uh
probably in the late um 1870s.
So 1870s. And and what this uh does is
this ticker tape actually um was
connected to telephone lines. And let me
take the I'll just take the cover off of
it for a second for you. Um, so it was
connected to telephone lines and what it
would do is it would give you the quote
of a stock. So this is actually original
paper on this right here. Um, it's like,
you know, kind of oldfashioned stock
market stuff. Uh, but you can see this.
Um, I've got my little tag on it here.
So these were invented in um 1867.
Um, this one, serial number 3260,
um, was, uh, produced likely in the
1880s, so over 140 years old. And the
way this worked is if you were a trader
or an investor, and you wanted to know
the quotes and the price of stock, um,
and you weren't on the floor of the
exchange, you could get one of these
connected to a telephone line in your
office. Um, and what it does is it would
click,
make this clicking sound kind of here,
like that. And as it would click, um, it
would, what it would be doing is it
would be printing, um, the the quotes.
So, what you have here are two, um, two
stamps. One stamp is numbers and the
other stamp is, um, symbols. And so it's
telling you uh right through the print
um the price and the symbol of the stock
uh that just traded. And so uh traders
like Jesse Livermore who was um a famous
short seller in the um 1920s and 1930s
um he would use one of these and he
would monitor uh the price of the stock
as he was as he was um trading. And in
fact, that was of course before you had
um candlestick chart, you know, charting
platforms. And so what people would do
is they would actually keep track of the
price on a piece of paper and they could
even graph out um the price changes on a
piece of paper, you know, just sort of
manually um exactly, you know,
sort of the way we do today. Now, one of
the things that I like testing you guys
on is I ask you, you know, could you try
just by reading the tape to be able to
predict or or not to predict, but to be
able to actually visualize what the
chart is doing. A lot of you guys know
that I'm um you know, I'm I'm pretty
focused on chart reading. So I'm reading
candlestick charts and um
and you know that's important but I'm
also spo focusing a lot on uh tape
reading and reading the level two. So
when I'm reading the level two I'm
watching the order flow go through and
then you know when I'm seeing those
bursts of green right that gives me the
conviction of like okay we've got
something um moving here.
So all right so now let me look for
another question here. Um uh thank you
by the way to everyone who's tuned in.
Thank you for the members who have tuned
in who have been sharing their
experience. I know we've got a lot of
folks here that are um on YouTube and
subscribers and have been perhaps uh
wondering what it's like to um you know
be part of the warrior trading
community. So we're hoping that you guys
uh take the leap and become a Warrior
Pro member. Uh tonight our Cyber Monday
sales are coming to an end and so this
is a great opportunity for you guys to
join and um you get to take advantage of
not only the Black Friday Cyber Monday
coupon codes but you also get a 7-day um
money back guarantee which is great. So
you get 7 days to really see what it's
like to be in a community before um you
you have to kind of make a final
decision. Um so let's see let me just
look back here. Um, what's the thing
behind me with the knob? So, I'll share
that with you in a second. Um, let's
see. Pay for the membership. It's way
cheaper than learning on your own. Thank
you, Stallion. Appreciate that. Um,
let's see. What tattoos do I have? Um, a
gentleman doesn't ask and a lady never
tells. [laughter]
Um, let's see.
I'm just looking for a good question.
And I think we'll answer um questions
that I'm also seeing in the emails.
What does it mean when the 9 EMA crosses
below the 20 EMA, but both are above the
VWAP? It's a short-term pullback. It's
above the VWAP, so it's bullish, but
usually I wouldn't be a buyer in that
area. It's pulled back too much.
Um,
let's see.
Thank you. Thank you for tuning in.
Appreciate it.
All right. So, just scrolling down here.
Can you use a MacBook? Yes, you can use
a MacBook. That's fine. Um, you can't
really use an iPhone. Our uh trading
simulator doesn't work on an iPhone. And
um our our chat platform with the
scanners and the charts has limited
functionality on on an iPhone. I do log
in on my iPhone each day, but uh just to
check the top list, it's it's just not
you don't get all the features um that
you get when you're on your desktop
computer. So, it's better to be on a
computer. It really is. Is Day Trade
Dash the fastest scanner? Um well, we
are fast. We subscribe to real-time
market data, which gives us an advantage
certainly. Um, one of the things that,
uh, I think is helpful is we have our
servers set up to run extremely low
latency and we run our calculations very
simply because we want that very fast
alert. We also subscribe to news feed.
So when we get the alert and then we
have the news feed at the same time, you
know, that kind of reaffirms this is the
reason the stock is moving higher. Um,
so it's interesting that sometimes
there's platforms out there that are
significantly bigger than us. Um, you
know, but they don't run as fast. I
think sometimes
when a platform gets too big, they kind
of lose some efficiency. I don't know,
some something in how they have to
scale. I don't really know exactly, but
uh, because we're, you know, small
enough, I think we're able to be super
super fast, which is nice.
Um, okay. So, let's see. What do I mean
by thickly traded? So, when something is
thickly traded, um it it means that
there's a big stack of buyers on the bid
and there's also a big stack of sellers
on the offer. And so, when stocks are
thickly traded, they they're very
crowded. It's a bit of tugof-war and
they don't usually move really really
quickly. And so, that can be um it can
be challenging to trade uh stocks like
that because they just they don't
usually give us that really big move.
Um, Travis says, "I've been a Warrior
Pro member for several years, now a
badge holder. Great community." Right
on, Travis. Thank you.
What's my favorite trading app? So, I
don't use use any trading apps. Um, I
don't trade on my phone. I never trade
on my phone. I just don't. Uh, I have
before with the Thinker Swim app. Um,
but that's the only app that I've used
and it's it's not really that great. Um,
let's see.
Okay, thank you. Okay, so this behind
me, um, so I'll show you this. I'll give
you a little view. So this, so this, you
saw that's the Western Union ticker tape
machine. Um, so this is called the Isac
uh 250. Now this is a computer. Um, and
what it's doing is it's running a
calculation to tell you whether or not
you should buy or if you should sell.
And so what it's doing is you you plug
in the price of the Dow Jones, but it
only goes to 2,000. So that's going to
be a problem. Then you plug in the
stock's price range here. So let's say
we have a price of like $40 a share. Um,
and then let's see, we turn these up um
just a little bit. We turn this one up
just a little bit here. And then we say
push to read. So we Oops. So we do push
to read. Uh oh, there it is. Sorry. Push
to read. And so this says it's a buy. Um
now I'm going to push to reset.
There we go. And then I could change the
calculations again. I could say like
down here, whatever. Whatever. And then
push to read. I'm sorry. What am I
doing?
Move this up against the wall. So Oh, it
didn't like that. Let's see. So now it's
rejecting that. What did what we put the
price at? 95. Maybe put a little bit
lower. Either it's staying at the same
price or it's not changing. Um, okay. So
then, oh, and so then that flipped it to
a cell, right? So then reset.
There we go.
So this is one of these. Oh,
interesting. You can see this is kind of
like moving around here. I'm not, you
know, I don't you Well, actually, you
might be surprised that actually I get
all my trade ideas um from this guy
right here. Uh but no, I I don't that's
that's not true. Um the [laughter] I
guess these were used by financial ad
financial advisors, you know, in like
the old days. Um but to the extent that
they're actually really um super uh
super accurate, I think is another
question. This is more my style because
this is like the way I trade, right? I
use the um I use the tape so much in the
way I trade even today. It's it hasn't
uh it hasn't changed in that regard.
Okay. So, let's see. Um
so,
let me just pull up my um chat feed here
so I could see what you guys are typing.
All right. So, um,
so again, those of you guys that, um,
are tuning in here, if you have not
already come over, um, to the website, I
am going to encourage you to come over
to warriortrading.com
to check out the two bundles that we
have. One is on uh, the Warrior Starter
and the other is our Warrior Pro bundle.
Um, the warrior starter bundle is the
lowest cost way to kind of get your foot
in the door. You'll get access to my day
train the basics class and uh you'll
also get access to our chat room which a
lot of people really want. Uh,
and then you can always upgrade to the
pro down the road and you just pay the
difference. Uh, those of you guys that
are ready to go allin, the pro gives you
access to my full length curriculum and
a full year of access to my chat room.
So you get a lot more time with me as
part of your um as part of the bundle
which is sort of a good deal. So
questions about bookmap. Um bookmap is
software
that is uh it's very interesting. It's
software that puts level two in a way
visually on your chart. So you can see
um you can see where buy orders have
been and you can even see where um the
current buy and sell orders are. I've
used it. it. I did a a platform demo of
it about a year ago and I felt like I
liked it, but um
I had some issues with it scaling kind
of was a little clunky. Um I also found
out that there were some order books
that they don't have access to.
So I was like, "All right, well it's
good. but it's helpful, but it also
doesn't show any of the sellers that are
on those order books. So, if you can't
see any of those sellers, then, you
know, that's kind of a problem. Um,
so I I was left feeling like I like it,
but when I'm trading something that's
moving up quickly, I it's it's not
helpful. Uh, so like this morning when
we had those stocks were squeezing up
really fast, it's not helpful at all.
When you have something that's in a
period of consolidation
and you're wondering, you know, does
this have support down here? Sometimes
you can see bid support. You can see
those big buy orders. H or you're
wondering, does it have resistance? You
can see those big sellers. It's helpful
there, but um but not so much that it
was worth subscribing to standalone. So,
I added a subscription to it on Thinker
Swim, which was a little bit less
expensive, but it still doesn't have um
all of the all the order data. So, now
there's a question of if I trade every
single day. Um, let's see.
Um, so, do I trade every day? Yes, I
trade every day, Monday through Friday,
and I start trading at 7:00 a.m. Eastern
Standard Time. And I love run the live
broadcast while I'm trading. So, you
guys can watch over my shoulder. You
have access to my chart. So, you can see
my chart. you'll be able to see um you
know what I'm buying, what I'm selling,
what I'm looking at. You could see
everything that's on my monitor
basically. So, I try to the way I think
of it is the chat room is a classroom
and it's an opportunity for me to put my
strategies that I teach on display so
you can see them every single day and
you can see examples of the strategies
you're learning in the curriculum. But
that's why my classroom is only
available to students that are going
through my curriculum because I want to
make sure that you're actually learning
the things I'm teaching you. I don't
want people in the chat room thinking,
"Oh, I'll just subscribe to his chat
room for $150 a month or something like
that and I'll just start following him
on every trade." Because number one, if
you only have the money to subscribe for
$150 a month, then my concern is that
you're cutting corners in order to try
to produce profits faster and that
that's going to be someone who's more
likely to struggle. So, we made a
decision a number of years ago that we
were no longer going to offer the chat
room to anyone unless they were a member
of the courses. And since we made that
change, we have seen the student
feedback, the average feedback of
students has increased dramatically
where people are feeling like they have
a greater experience. So what that tells
me is that if I brought if I opened up
that bottom tier uh of just the monthly
subscription, we would bring back in
people who want to get rich quick and
just blindly follow me. and then they
end up struggling, they blow up their
account, they're not following the
rules, they have a bad experience, then
you know, then they say they had a bad
time. So, even though I understand that
some people are like, I just want the
tool, I just want the chat room. I get
it.
But unless you're going through the
curriculum, you most likely won't be
able to use the chat room correctly the
way it's supposed to be used. And so
that's where I want to make sure that
you have a good experience. If you have
a good experience, then that's better
for all of the future traders who hear
from you down the road because you come
on a YouTube stream like this and like
Travis did and say, "I've been a warrior
trader trading member for years. I've
got my profitability badge. It's an
awesome community. I want, you know, a
thousand more traders like that that
have gone through our community, that
have gone through the classes and that
are spreading the word that this is a
great community. I worry that if um you
know and you guys see obviously I don't
market with like the girls with the
bikinis and you know the fancy cars and
stuff like that because I don't want to
attract people that are just looking to
make a quick buck and um end up you know
just coming in and and disappearing and
having a bad experience. That's I don't
think that's I'm looking for people that
are in a similar mindset that I was at
when I was getting started, which is
like I'm trying to be financially
independent. I don't want to be tied to
a 9 toive job. Maybe you're freelancing.
Maybe you're earning a little bit of
side income, you know, whatever the case
is. So, you're making a little bit of
money and you're like, I want to try to
layer in trading. And even if I don't
make any money trading from the first,
you know, 6 months or for the first
year, that's okay because I've got other
income. This right now for me is really
just about learning as much as I can
about the market and seeing if, you
know, maybe I could figure this out. So,
one of the things that um that I think
about is the fact that um a lot of
traders overcomplicate success in the
market. They over complicate it. And
I'll give you an example. So, for
instance, um I'm a big advocate uh
especially in my small account
challenges of taking one trade a day.
Get in, get green, get out. Don't
overstay your welcome, right? Simple as
that. Don't overstay your welcome. And
yet, I see a lot of traders who'll come
in and with commission free trading,
they'll take hundreds of trades a day.
Literally hundreds of trades a day. And
they're not making money for it. And the
broker's happy because you're turning a
bunch a bunch of shares. So they make
money on payment for order flow, but
you're not making money. So, so what are
we doing here? And I said, what if what
if we reoriented here to this concept?
20 cents a day per share out of the
market. Think about that. One trade. One
trade pulling 20 cents a share out of
the market. Now, if you did that with a
100 shares, you'd make 20 bucks. But
bear with me. What if you decided to
focus the next 6 weeks, the rest of this
year, you focus on just trying to make
20 cents a day out of the market? That's
exactly what I'm doing in my small
account challenge. So, my one trade a
day in the small account is looking for
exactly that. And I've been doing it
pretty well. If you do that with 100
shares, you're making $20 a day. Okay,
for the next four weeks, 6 weeks, you
know, eight weeks, you're making $20 a
day. Well, why stop at 100 shares?
You're doing it consistently. Let's go
up to 150. Let's go up to 200. Over the
course of 8 weeks, 12 weeks, you go up
to 300 shares. You go up to 600. You
make your way up to a,000 shares. You're
doing the same thing. One trade a day.
Now, $20 has become 2,000. Now, you keep
doing that. You work your way up to
2,000 shares, 3,000 shares, 4,000
shares, 4,000 shares, 5,000 shares,
5,000 shares. You make 20 cents a day.
You're pulling out $1,000 on that day.
Now listen, not every day is going to be
a green day, right? You won't always
win, but you won't always lose when you
build this process, when you learn this
skill of how to trade the market. And
that's really what you guys are
embarking on. You're my favorite
Grateful Dead song is right now it's
Peggyo. Peggyo. It's really great song.
So what you're embarking on is the
process of converting knowledge into
skill. So, I don't have a book super
handy right here, but um doesn't matter.
You have Hey, hey, knock it off, girl.
Knock it off. So, you read my book, How
to Day Trade the Plane Truth, for
instance. Does that equip you? Well,
let's say you read a you read a manual
on how to fly a plane. Does that equip
you to jump into the pilot seat and fly
a plane? No. There's no substitute there
for practice. You've learned the general
knowledge about how planes work, but you
don't have a skill. The way you convert
that knowledge into a skill is by
practicing. The more you practice, the
better you get. Right? So, that's that.
That's what you're embarking on is that
journey of converting all this knowledge
you're picking up here on the YouTube
channel, watching my recaps, everything
else, converting that knowledge into
skill. So if you focused on coming in
each day and waiting for just one
aquality setup, a stock that meets all
five pillars of stock selection, which
we talk about extensively, and you wait
for that one really nice pullback, you
jump in 100 shares. You jump out with 20
cents of profit. Boom. You're green,
right? $20. So I'm figuring you can be
green three days of the week. one day
max loss and then that cancels out your
fourth green day. So your your daily
goal is your is your your weekly goal is
your daily goal times three. So $20 a
day times three that's $60. Now Danny,
he's a member here at Warrior Trading.
He's got his badge. Um and when he
started trading his daily goal, I want
to say it was5 or $6 a day cuz he was
trading with really small size, really
small share size, but he showed up every
single day. every single day for a year
he was trading with small share size and
they just slowly increased a little bit
a little bit a little bit and a little
bit more. I'm not sure what his biggest
green day is now, but it's definitely
more than 20,000. He's had some really
solid green days because now he's
trading with bigger size. So, I pose to
you this theory that success in the
market is not about taking a thousand
trades a week. In fact, it could be
taking just three trades a week on an
Aquality stock that had an Aquality
setup. Less is more. I'm a really big
believer in that. Less is more. So, for
you guys, you know, over the next the
rest of this year and going into next
year, you'll continue to watch me watch
me doing my small account challenge.
You'll continue watching me trading, of
course, in my big account as well. And
you're going to continue hearing me talk
about, all right, guys, I'm looking for
that one good trade each day. And when I
see that one good setup, I mean, I'm
being pretty aggressive on it because I
feel confident in it. Now, I don't, you
know, I'm not going to trade um every
single um you know, trade that I see,
but I'm going to see a lot of them. Hey,
and there's Jess. Jess is here. He's
tuned in. And yep, he's got his $ 1.5
million badge. And Jess has gotten to a
point where he's also doing small
account challenges, which is fantastic.
He's made some good money trading. So,
he's been doing some small account
challenges. and he um actually taught a
elective course um that you guys can
watch as part of the Warrior Procur. So
he's one of our Warrior Pro graduates
who's now teaching um uh doing some
teaching uh you know here and there.
Maybe like once a week he'll have a
class he teaches.
My dog is laying on the carpet over
there. Um, I don't know what she was
barking about a minute ago there.
[clears throat]
Okay, so
let's see. The chat feed is going really
fast here. Um, oh, sorry. The chat this
it's a little annoying the way it does
that. Um, it jumps so quickly it's it's
very easy to miss even read a full
sentence. Um, but thank you guys for
tuning in.
Um, does my live stream work on mobile?
Yes, it does. And I know some people do
use it on mobile. Um, it's not we're not
it's not optimized for mobile, but I
know some people do use it on mobile.
I'm not sure which um mobile plat
mobile, you know, phones it does work on
and which ones it might not work on. So,
we we're optimized for uh for desktop
computers.
Okay. Let's see. Do I focus on the break
of the new candle high or do we wait for
it to break the half dollar whole dollar
or does it matter? Um, so that's a good
question. I
if the first candle to make a new high
is lined up right next to a half-dollar
whole dollar, that's usually great. We
have the resistance, we dip down below
that level, and then we're looking for
that break back over. So, usually I'll
get in just a little bit below it to
anticipate the breakout. Um, it doesn't
always it doesn't always work, but
usually I find that being in a little
bit lower um it at least gives me a
tighter stop. So, this is kind of the
the decision you have to make. Do I want
to be in higher and have confirmation
because the first candle's officially
made a new high or you know which you
have confirmation but you're going to
pay a price for it essentially by
getting it at a higher price or do I get
in lower where my stop is tight and
anticipate that this is going to work.
Being able to anticipate requires
educated intuition. How do you get that
intuition? There's no substitute for
practicing. Practicing in the simulator.
the more you practice, the better you'll
get at um intuition.
Uh but you guys get to also listen to my
commentary while I'm trading, you know,
for what it's worth. And I'll often
share with you guys, uh you know, I'm
not liking this or this is something I'm
seeing. You know, maybe you feel
differently and sometimes people point
out, Ross, no, no, you're missing
something. Look at this, check this, or
you forgot to check the short interest
or whatever. Um, so that's valid, but
generally I um I'm pretty uh I'm pretty
dialed in there.
[clears throat]
Okay. Um, do we offer payment plans? So,
we we don't finance directly anything.
Um there are I think that we have um
depending on where you're located in the
United States uh PayPal will sometimes
offer PayPal credit. It depends on if
you have an account with them and you
know there's some variables. So PayPal
credit can work um but we don't we don't
finance at Warrior directly. So, if you
did, it would be through um but there
there may be a button if it's available
to you where you're from to join using
PayPal credit. So, that would be um the
one option that you might have
available.
Um
okay. Would limiting my number of trades
not make a real difference in terms of
volume of trades you're going to do them
whether you do them over one month or
over one year. Is it more a learning
rule? So, um,
so here's here's what I would say, and
we talked about this in class today.
There's different phases of, um, of
learning to trade. And the first phase
is practicing a lot. You're not doing
one trade a day. When you're learning,
you want to practice as much as
possible. You want to put as much time
as you can, you know, in the seat,
watching charts, studying level two,
watch, re-watching my live trading
archives that I upload. So that's what
we call the alpha phase where you're at
the very beginning and you're just
trading like crazy. Everything gets
moving as much time as you have. You're
trading. So you can gain experience
pressing buy and sell button using hot
keys etc. And then you get to a point
where in that alpha phase where you
start feeling like sometimes I'm kind of
getting this like I'm making some money.
Your metrics are going to look terrible
because you've been taking so many
trades. You've been trading a little bit
of everything. So, your metrics aren't
going to be super solid, but that's
okay. It's just because there all this
all these trades you've been taking. So,
what I encourage you to start doing is
um actually taking a screenshot and and
printing out if you have the paper and
don't mind a copy of some of those
trades that were like really spot-on
where you're like, I really nailed that
one. That was a good trade. So, grab
some screenshots of that and um and
print them out and start building a
stack of um of these of these trades and
until you once you've got about um I'd
say 25 of them. Once you've got about 25
of those trades um in a stack, then I
say it's time to proceed to um the beta
phase. The beta phase is when you scale
down and you focus on taking one trade a
day that you really that you would trade
with real money. You're still in the
sim, but you're doing one trade a day
that you would trade with real money and
you're just tracking it in a journal.
And I give you the journal that you use
for tracking. So, you track it in the
journal and then uh you keep trading in
the sim all day long, but you have that
one trade that's like you you
specifically say this is the one that's
going to be my real money trade. and you
track it whether it's green or red. Now,
if you have 10 days like that where that
one trade a day and you're green over
those 10 days, then you transition to
trading real money, that same exact
strategy, one trade a day, real money.
You keep trading all day in the sim, but
you have one trade you take each day
with real money with 100 shares. You're
not making a lot of money. This is about
proof of concept. It's about seeing if
your system is working, if the strategy
that I've taught you, that you've
learned is working for you. Just because
it works for me doesn't guarantee it's
going to work for you. That's the
reality. And I say that all the time.
That's my disclaimer. Trading is risky.
My results aren't typical. I've been
trading for a long time. There's no
guarantee you'll find success whether
you trade with me or you learn on your
own. So manage your risk and practice in
a simulator. You've heard me say that
probably a million times. It's like I'm
a broken record, but I want you to
understand that. So you have to practice
in the simulator. If you can do it for
10 days in the simulator, awesome. Try
it for 10 days with real money with
small share size. If that works, keep
doing that and keep bumping your share
size like 10% a week. Just slowly
increase from 100 to 110, 120, 140, 160,
200 shares. And just slowly bump it.
Slowly bump it. Slowly bump it. Still
one trade a day. You can go all the way
to 5,000 shares doing just one trade a
day. And now that 20 winner with 5,000
shares is all of a sudden adding up.
That's a,000 bucks, right? So, you're
still trading in the simulator to gain
experience, but with real money, you're
just doing one trade a day. Now, when do
you start introducing more trades?
That's phase three. So, phase one is one
trade a day, 100 shares. Phase two,
increasing share size up to about 5,000
shares. Phase three, increasing the
quantity of trades you take. But here's
the risk. Once you start taking more
trades each day, you run the risk of
falling into the trap of emotional
trading. Let's say you're really making
good money on your first two or three
trades. Awesome. And then on trade
number four, you give back everything.
You're frustrated. You're angry. I'm
going to throw this computer across the
room. I'm going to throw my book across
the room. And I'm emotionally
compromised in an instant. How do I deal
with it? I'm angry. I don't want to be
angry anymore. The best way to not be
angry is to make back everything I just
lost. So now you take another trade.
Judgments judgment's impaired. You're
becoming emotionally hijacked. You lose
on that trade. Now you're red on the
day. [snorts] Now you're really your
heart's pounding. You're like, I can't
possibly go out like this. You take
another trade and now max loss.
That doesn't happen when you're
disciplining yourself to take one trade
a day. When you're just doing one trade
a day, you stop at one. That's it. It's
black and white. So when you start
taking in phase three multiple trades a
day, the rule that I share with you is
that you take as many trades as you
want, but when you have your first loss,
you walk away and you do that for a
month. So you start taking more trades
and on good days, you might take five,
six trades before you have a loss. Fine,
you'll get back a little profit on the
last one, but once you have that one
trade, black and white, you're done.
That's it.
Phase four, you start taking those guard
rails off a little bit more. And in
phase four, we also start scaling out of
trades, selling half, selling quarter,
right? Taking a little bit more profit
off as it goes up rather than doing one
entry and one exit. And then in phase
five, we're also scaling into trades.
Starter position, half size, full size,
then scaling out. So trade five is when
you're really getting into or phase five
is when you're really getting into flow
state. These are the five phases of
learning how to trade with well it's
technically six those are five phases of
real money not including the alpha phase
of sim gaining lots of experience and
the beta phase of proof of concept but
that whole phase that whole stretch
there can easily span a year of time and
that's why we give you guys a year of
access to the chat room as part of your
warrior pro membership and you get 3
years of access to the curriculum so you
keep going back in and brushing up. Now,
the simulator you've got three months of
access to. You can always extend your
access if you want more time, but I will
say that it's a good idea before too
long to start trading with real money
because you've got to begin conditioning
yourself to experience loss. That's the
reality. And it's a hard part of
trading. With 100 shares, your losses
are 20 bucks. That's your max loss. With
a 100,000 shares, you're talking about
$20,000 losses on 20 cents. So, you
know, 100,000 shares is like that's
that's crazy big size. Even that for me
would be like uhoh. So, we're all
somewhere in the spectrum. But look, you
know, there's people out there that are
hedge fund managers that buy 100,000
shares on their phone. They don't think
twice about it. They're like, "Whatever,
100,000 shares, I don't care." So, you
know, don't compare yourself too much to
other people, but compare yourself to
yourself. If your goal is to grow as a
trader, your goal is to grow your
account, then let's think about this.
You want to be a successful trader, what
should we do? Should we start from from
zero, absolutely nothing, and just
start, you know, messing around in the
market? That's what I did. I funded my
first account in 2001. You want to know
when I made my first million dollars
trading? It was 2019.
Whoa. 18 years before I made my first
million dollars. Now in 2001, I funded
my account. I had no idea what I was
doing and I gave up. I stopped trading
for a while. I came back. It's like 10
years later. But I came back and I tried
it again. In those first few years, I
didn't make a lot of progress. It's two
steps forward, two steps back, two steps
forward, two steps back. There was no
one at that time that I'm not aware of
that was on YouTube making videos like
what I share with you. There were some
newsletters out there. There was a lot
of penny stock garbage out there. There
were message boards out there. There
were free chat rooms out there. And
there were a ton of scammers. And it was
really hard to know who's who. And I was
broke. I didn't have the money to invest
in, you know, potential education or
potentially get scammed. So, I had to
learn all the hard way. Now, you guys
thankfully don't have to do that because
even if you're broke, you have all of my
free content here on YouTube that you
can learn from. And if you learn
something from it, you gain value from
it. I mean, you guys, when you hit the
thumbs up, it does something for me
because obviously it helps the channel.
But when I'm doing these um trading for
charity, it'll add an extra dollar to
what I donate. This in the last month,
I've don well last 6 weeks I've donated
about $175,000
to charities, trading profits, plus you
guys hitting the match. And when you
someday become a profitable trader, I
hope you do. Again, no guarantees, but I
hope it happens for you. Then you know
you can also hey girl, hey buddy. Then
you know you can also um take the
approach of saying hey um I'm going to
join warrior trading and I'm going to
you know I want to be part of this
community and I want to start giving
back a little bit and um you know I'm
going to start chatting with other
traders and we'll see if um you know see
and anyways you know you eventually
become a member when you're at a point
where you can afford it which is awesome
and I'd love that for you. But when I
was getting started, I didn't have those
choices. So when I was getting started,
it was, you know, I was on my own and it
was either figure it out or go back to
working at the gas station basically. I
mean, there was a little bit of time
where I was had some better jobs than
that, but but you get the idea. So um
okay. So So anyway, so the way I learned
how to trade was um basically trial and
error. And you guys don't have to learn
that way. So my view is that if you see
someone else out there that's
profitable, me, but it's someone else,
doesn't matter. You see someone else out
there who's profitable, what I'm
thinking to myself is I want to know
everything about what they're doing. And
I want to just like pick their brain
like what are you doing? Where are you
getting in? Where are you getting out?
How are you finding stocks to trade?
What's your stop? Uh what's your average
share size? What are your metrics look
like? I want to know everything. But
here's the problem. most of those people
won't share it. So now,
how do you find out? Right? So, I'm one
of the few people out there that not
only is teaching, which I'm happy to
teach and I really enjoy it, um, but I'm
also verified profitable. Look, there's
a lot of professors, you know, that
teach topics that they know a lot about
and they know the theory of these
things, but they're not actually
profitable. It doesn't discredit
everything that they that they teach
unless they lie to you and tell you
they're profitable and they're not. But
um and you can see here I I have my
broker statement and my um independent
accountants report on the website here.
So you can you guys can check this out.
So these are updated the end of each
year. So this verifies January 2017
funding my account. So 17 18 19 20 21 22
23 24 uh and 25 will get updated at the
end of this year. So, this right here
has me at $12.6 million. That's $ 122.6
million. Sorry, I don't know why it's
like unable to focus, but $12.6 million.
Um, $130,000 monthly return at a 56%
average, but it's not compounding
because I take money out. These are
withdrawals that I make uh periodically.
So, this year I'm at about 6 million.
I'm at $20 million of gross profit. This
is all net of fees and commissions. Um,
so this year will be uh 12.6 plus the 6
million. So I'll be at about 18.6
million. So uh net of all fees and
commissions. So I'm probably one of the
few traders out there that
uh shares my trades, shares my strategy,
and is verified profitable. Now, over
the years, I have I've always wanted to
have um more traders basically that are
part of the warrior trading community
that are are like me. They want to teach
and they're also really good traders.
And I'll tell you that um it's very hard
to find people like that. I've got a
couple, you know, Jess is one of them.
Uh Danny is one of them. Come on, girl.
Come on in.
Come on, buddy. No, he's still out
there. Um,
but what I found is that a lot of the
people, well, certainly a lot of people
during the pandemic that made a lot of
money trading, they made so much money
so quickly, they have they have no
interest in teaching. They're like, I
don't care. I've I went from basically
being, you know, a high school student
or a college student to making, you
know, a million dollars. I I'm not
interested in teaching. It's just not
worth it. Um,
you know, and I I get that. Um, I think
for me it was different because I was
learning to to trade from 2010. You
know, that 2010 through 2019 decade. Um,
the market, man, it was hard. It was
really hard. And we didn't have as much
volume as we have today. There wasn't as
much liquidity. And we didn't have
commission free trading, which was part
of the reason we didn't have as much
commission or we didn't have as much
liquidity. So, you know, you had to pay
for every trade you took. You had to be
a sniper. when you had profit, you had
to take it off the table. And so for me
in those days, it was a much smaller
community of traders and we were
close-knit and um you know, certainly
the ones at warrior trading and we were
all in the trenches together every day
and it was like try to get your money or
and avoid like going to the nineto-ive
job potentially. Um and so I think for a
lot of us we were like all right, it's a
good idea to build secondary sources of
income, you know, and so I started
teaching and I wrote the book How to Day
Trade: The Plain Truth. I published that
in 2015, the first version, and then I
was adding these recaps on YouTube and I
had my WordPress blog and all that kind
of took off and I was like, "This is
great." Um, but now,
uh, it seems that some of the people
that hit the ground running and they
just do so well so early, they're just
like, "No, I don't I don't need to. Why
spend that extra time doing it?" For me
it's so ingrained like this is just part
of it's been interwoven from the
beginning but I think a lot of people
it's not. So, uh, you know, finding
finding people that are successful
traders, um, verified profitable, that's
first and foremost, that have a strategy
that makes sense, you know, it's not too
like complicated or confusing, that
actually other people can understand. um
that en that enjoy and are interested in
teaching it and sharing it and then are
good at teaching
and you know are like are good teachers.
Like look, we we've all had teachers
that are awesome and we've had teachers
that are not great. And the teacher
being a bad teacher isn't a reflection
on like what they know. I mean, they can
still know a lot of stuff and they're
smart people and they can be very
successful. they're just not good at
teaching. And you know, I mean, you
can't look, not everyone's good at
everything, but for me, in order to find
someone that can be kind of like me, so
there's like five of me all at Warrior
Trading, each of them would need to kind
of have each of those, you know,
specific attributes. And that's where um
you know, it's it's been hard to find
that. So, I'm really grateful to have um
you know, the the the mentors that we do
have at Warrior Trading and um all of
our students who are badge holders. I've
been really grateful for them and uh the
way they contribute to the community,
but you know, we I I don't see at this
point a path necessarily that um you
know, someday Warrior Trading will be
like, you know, 10 people just like me.
Um each with like their own chat room
and their own standalone course and
everything else. Um because honestly,
even between Jess, Danny, and myself,
our strategies are very similar. we
basically trade the same the same
strategies. Um so it is helpful for
students to see oh you know Danny and
Jess they're kind of in between like
where they are at and where Ross is at.
So that's helpful. Um no doubt about
that. But it's um it's not like we're
trading completely like opposite
strategies. And then some of the people
I see that do trade very different
strategies um you know they'll use like
a ton of capital to be able to produce
those gains. A lot of people that trade,
you know, the S&P 500 or Nvidia, they're
putting so much money um into those
positions. That's not suitable for 90%
of small account traders. Hey, buddy.
Buddy, what are you doing? Come on in.
Come on, Bob.
Come on, buddy. Hey. Yeah, I see you.
Come on. Let's go inside.
Come on. Inside.
In the house. Honestly.
Wow. He's impossible.
Uh, sorry about that. Um, so yeah. Um,
but
anyways, I I was sort of getting on that
tangent there and what I wanted to kind
of kick that idea to is that
right now for those of you guys that are
not profitable, there's a gap. there's a
gap between what you're doing that's
working for you uh or what you're doing
and like what I'm doing. And so now the
question is like what is that gap,
right? Cuz if you were doing theory
everything exactly the same as Jess or
Danny or me, then you would be producing
some degree of consistency. So
something's different. There's a gap.
What is that gap right now? Now, if we
can identify what that gap is, then we
can identify the steps that you need to
take to start closing that gap and
that's that's where you can start, I
think, making some meaningful progress
at um you know, moving in the right
direction, especially for those of you
guys who maybe have been trading for a
while.
Hey, Horatio said he signed up tonight.
Thank you. Welcome. So, that means I'm
going to see you in less than 12 hours,
in 10 hours at 7:00 a.m. live streaming.
I'm going to see you. You're going to
see me.
Let's see. Um, who else has signed up
tonight? I wonder if there's anyone else
here that's um that's pulled the trigger
and taken the leap. Now, one of the
things that um that I mentioned, and
I'll say it again now. Um we So, there's
a couple things. So, number one, I put
my broker statements on our website
because I'm I can. Why wouldn't I? I
can. My broker statements are good. They
reflect really well on the way I trade.
I traded a high level of performance. I
disclaimed that my results aren't
typical, but these are real statements.
It's real money. I put it out there. Why
wouldn't everyone, anyone who's trying
to teach trading, why wouldn't they put
their statements out there? So, my
opinion is that they're not putting them
out there because they can't put them
out there because they're hiding
something. They want to keep something
back. They don't want you to see
something.
Now, maybe they're per maybe they make
money most of the time, but maybe they
have long stretches where they lose. I
don't know. I don't know. But to me,
it's because there's something they
don't want you to know. So, I share my
broker statements because I can, and you
know, they reflect really well. So, why
wouldn't I? I turned less than $600 into
more than 20 million in gross profit.
Why wouldn't I put on my broker
statements for that? Yes, I will tell
you my results are not typical. There's
no guarantee that'll happen for you. I'm
grateful. I can't even believe it
happened to me, but it's real. I'm
definitely going to talk about it. Um,
so that's number one. Number two, um, we
offer a 7-day money back guarantee,
including for those of you guys joining
the Warrior Pro membership tonight. We
offer it because we can. Now, think
about something you bought where you
were like, "Are you kidding me? This is
garbage."
And there's no refunds. I don't know,
like that time you bought a bag of
potato chips and then you opened it and
there's like four chips in there. You're
like, "This was a bag of air." H how?
You got me. Dang it. You got me again. I
cannot believe it. You know, it's I How
did I fall for this? Whatever it is, you
just You just got scammed. You know what
I got? I got something. Um I bought a
uh a nozzle for the my garden hose.
the next day
dropped it and it broke. And I was like,
when I picked it out, I was like, "Oh, I
want something that's sturdy." I was,
"It says made in China." I was like,
"Oh, I just I wish I could find
something that was metal. These are all
plastic." It didn't even last 24 hours.
And it broke. And I was like, "Mhm.
Yep. There it is. Gone." And there's
nothing I could do. And they don't have
they're not I mean, look, I could bring
it to the store, but here. So, what I do
that's a little bit different is I say,
"Here you go. Give it a try. See what
it's like." Now, obviously you guys,
many of you have seen we offer a 14-day
trial. It's a two-eek trial for 20
bucks. So, it's $20. You get access to
real-time market data. You get to see
what it's like. Many of you guys have
already done that trial. Now, you've
done that trial. You become a member.
Awesome. Thrilled. Happy to have you.
But if you join using our Black Friday
Cyber Monday coupon code and and special
bundle, which is ending, you guys get a
7-day money back guarantee. And there's
no strings attached. It's not, oh, 7-day
money back guarantee, but
fine print, fine print. It's not like
that. We really try to keep this simple.
We're not trying to give you guys a hard
time at all. We want you to love our
program. So, we offer the 7-day money
back guarantee because we know we can.
If you knew that your software was
garbage,
you would say all sales are final. Have
you guys noticed that? Have you guys
noticed how many educators and how many
software companies say all sales are
final? No refunds no matter what.
Period. No. Period. That's it.
Yeah. So, in my opinion, you give people
a chance to check it out. And look, I
mean, Warrior Trading has grown. We've
grown in a community, you know, with as
on YouTube. The software has been really
popular. And I think part of that is
because it's designed by a trader who
really cares. And so, I've put
everything into, you know, building it
out to be what it is. But I also have
this philosophy that we should give
people a chance to try it out. And if
it's not a good fit, it's not a good
fit. We're not going to twist your arm.
So, I mean, look, we ask you to be
reasonable as well. If you come to me
at, you know, month 11 of a 12-year
membership and say, "Oh, I want my my
7-day money back guarantee at month 11."
I'm going to say, "Well, wait a second.
You've been You mean using the product
for 11 months and now you want a refund?
Come on. You can't you can't bring the
car back to the dealership with 10,000
miles and say, "I want a refund." You
know, it's there's a line where we have
to be reasonable, but we're we're
reasonable with you and and most of you
guys are very reasonable with us as
well. And so it it goes both ways. But
in any case, so the broker statements,
we do it because we can. The 7-day money
back guarantee, we do it because I we
can. And some of you guys right in here,
you may have said, "Hey, um you know,
you may have very actively said, "Hey,
I've I've become a member. It wasn't a
good fit for me. I jumped back out. Um,
you know, and and that's fine. That's
fine. I get it. You know, and we we we
try to treat you right and make it easy
for you. So, let's see. Um, so I'll
answer a couple more questions. Thank
you guys. Um, everyone who's been tuned
in, everyone who's hit the thumbs up,
thank you guys. So, tomorrow, um, I'll
be streaming 7 a.m. bright and early.
And then, of course, I'll have my
hopefully a good day of trading. We had
some great momentum today, so I'm I am
hoping that we have some really good
action. So, a good day tomorrow. hoping
for that. And then um I'll get my recap
um upload for you guys so you guys can
check that out um tomorrow.
All right, so let's see. Um
yep, I did update everyone on the PDT
rule earlier. So if you rewatch um this
episode later um later tomorrow or even
later tonight, you can rewatch it. It
was in the beginning that I talked about
the PDT rule.
Um let's see.
So, the trial that you signed up for
yesterday, it's a 14-day trial. Um, so
you guys get access um for 14 days and
all you pay is your market data during
that time. It's $20 for two weeks.
All right. Um,
I don't focus a lot on the 920 EMA
convergence dip and rip on a 10-second
chart, to be honest. I I I can start
trying to pay attention to that. It's
not something I've really really
noticed. Um,
okay. Let's see.
Um, yeah, we no, we have women at
Warrior Trading, of course. Um, I we
pride ourselves in being inclusive and
familyfriendly. Uh, I I understand that
trading is risky. Men sometimes take a
lot of risk and I would say like most
trading communities, we have more men in
the community, but you know, my kids
watch over my shoulder while I'm trading
and so my language is familyfriendly
while I'm streaming. Um, you know, we
keep it clean and the chat room, we keep
the chat room clean as well. It's not
like a finance bros club. It's we try to
have it a professional community for
people that are doing this to make a
living. And we've we've had people in
the community that have been there for
10 years, 9 years. So, uh we've had some
really nice long-term members that have
been there um that also help kind of
maintain that expectation that we treat
things um you know, treat things
seriously.
Okay, let's see. Um
hypothetical question. $5 um stock 1
spread. How do you determine the share
size? 1,000 10,000 20,000. So, if you
got a one if you got a one- cent spread,
a $5 a share stock, and it's thickly
traded, you've got a big stack of buyers
at $4.99, a big stack of sellers at
five, I'm going to initially say if it's
got 15, 20 million shares of volume,
it's crowded. That's what I'm going to
say. I'm like, uh, it's a little
crowded. Um, don't love that it's
crowded. So, you know, based on it being
um, you know, a little crowded, I I
would probably say I could easily buy
15, 20, 30,000 shares of it. But how
much do I think it'll really go up? In
fact, if the spread was 490 by 5, I
would think if this thing breaks 5, 510,
520 is easy. 550 is possible. So, a
slightly bigger spread would indicate
that this has the potential to move a
little bit faster. I would take smaller
size, but I would have more expectation
that this could thing could actually
move. So, um, yeah, I mean, generally
speaking, my first trade of the day, my
icebreaker, I don't want to lose more
than five grand. So, and that's pushing
it. So, first trade of the day, 10,000
shares. If we had a 10 15 cent spread, I
could tolerate that. Um, you know, I I
could be okay with that. Hey, Jamal. All
right. Uh, thank you for tuning in and
good luck uh 2025, 2026.
No, I don't trade futures. So, you know,
I think it's one of these things where I
grew up knowing about the stock market
and I never really knew anything about
forex. I never really knew anything
about futures till much later. So, I
just sort of I feel like the stock
market is its own language and futures
and forex are very similar. Um they
utilize candlestick charts which is the
same language. there's a lot of overlap,
but there's also some very unique um
differences and sort of discrepancies
between the two. And so I've gotten good
at trading stock. And so I I've always
kind of when I've dabbled and been like,
"Oh, should I get into futures or
forex?" I've gotten gotten overwhelmed
and been like, "You know what? It just
feels like that's too much for me to get
into." And I feel like the things I look
for that create these big moves are very
specific to the stock market. And I
don't know that that strategy
specifically of the supply demand
imbalance would work really well in
forex or futures. I think trading news
would still work, but I think it would
be different. And so, you know, maybe at
some point I'll be like, I've done well
enough in stocks. I'm just going to
put stocks on the shelf and I'm going to
I'm going to be like Michael Jordan. Be
like, I did basketball. Now I'm going to
go do baseball. But what are the odds of
me being successful at two things? I
mean, he wasn't even I mean, I know he
played baseball, but you know, no one
talks about his baseball career, right?
So, you know, I I'd rather I don't know.
Maybe I shouldn't even try.
Um,
all right. So, let's see.
Let's see. Um, so all right. Um,
so yeah, and I will tell you that we
don't do phone support. So I I wish that
we had the bandwidth to offer phone
support. Um, so you say, I bought the
classes, was having issues with them,
couldn't figure it out. I want phone
support. I said, I want to talk to
someone and but you got a refund. We do
we would give you a refund in that case.
And we would say, look, we're just not
able to provide that level of support.
So, our curriculum is designed to be
self-guided. There's an entire
curriculum of classes right there, but I
don't offer telephone support. I don't
offer one-on-one mentorship. And so, if
if we feel like we can't give you what
you're looking for, then we'll just say
that that I I I'm sorry, but I just
don't think we can. If you want to stick
with it anyways, we can't stop you. You
can stick with it. But sometimes people
come with an expectation of I I just
have certain needs and it's like I if I
don't feel like I can meet them then I
am doing you a disservice. So that's
probably why we gave you a refund there.
Um
okay [clears throat] let's see.
How do I handle my emotions? Um look
that's something that I'm I'm still
working on. discipline is a muscle and
you I strengthen it but you know then
I'll have a period where market's going
really well I get I get a little
complacent so it's it's on a spectrum um
and
I would say the last few weeks um you
know I had a bigger loss in October um
did the recap for it so you know was
talked all about it and it definitely
weighed on me for a bit and you know
recouped the loss count got back to
all-time highs. But then it was kind of
a grind and I kind of got a little
frustrated. I was like, man, I'm not
making the progress I wanted. Um, I
ended up drawing down my account doing a
transfer out. So, I dropped my account
um down to a little, it's right now a
little over $200,000, but um I it had
been quite a bit higher than that. And
so, I took some money out. I was like,
you know what? I'm just going to kind of
bring this back down a little bit, rain
things in. It's going to force me to
trade a smaller size. I'm not going to
be able to buy 35,000 shares of a $20
stock again, which is what caused my big
loss in October. But I was like, that's
probably a good thing. So, you know, I'm
I was like, I might have a day where I'm
like, I really wish I'd left the money
in there, but I was like, no, I just I
need to prevent my prevent a draw down,
you know, prevent myself from having
another big mistake like that when the
market's cold. So, you know, the thing
that's helped me with building
confidence
always small green days, small green
days really helps. I feel a world of
difference. Even after a big red day,
after two or three small green days, I'm
always like, I'm back. I'm like I've I'm
like just feel like the cloud is lifted.
It's amazing what it does. So, that's
why I focus on, you know, in trader
rehab like get in, get green, get out,
you know, and with the small account
challenges like one trade a day. I
always start streaming at 7 am Eastern
Standard Time. Um, yeah, I usually start
a few minutes before seven, but yeah, by
7 a.m. Eastern Standard Time. And so
I'll be um yeah, so I'll be streaming
tomorrow, same same time. And and that's
that's been my routine. I've been
streaming every day um since we opened
Warrior Trading in 2014. I had opened
Warrior Trading as a free chat room in
2012, but at that time um it was I
didn't I don't think I had a live stream
at that time. But in any case, in 2014,
we launched the live stream. So, I've
been here every day. Um for now 11
years, going on 12 years. Um in this
time, I've taken 3 weeks off. Uh but
other than that, I've been here every
day. So, I don't take my I don't take
two weeks paid vacation, you know. I I'm
here every day. Um it's even when I
travel, it's not that hard to um to open
the laptop and take a few trades. So,
you know, I will travel and I'll be on
my trading computer, my laptop, um you
know, with my headset and my microphone
and stuff when I'm traveling and that's
fine. Um rarely have issues with it.
Internet these days is so fast. I do
check the places I go beforehand and I
tell them, look, you know, pretend I'm
Howard Stern, you know, pretend I'm
running a radio show. I've got thousands
of people that are going to be expecting
me to upload my recaps. It's very
important. Um, and they're like, "Okay."
So, you know, I they they they humor me
and they tell me what the internet speed
is and then they're like, "All right,
this guy's another, you know, whatever."
But that's fine. Um, I get my work done
and then I enjoy the rest of the day.
So, I don't do visible stops, right? I
don't want market makers to see stops.
So market makers can see all your stop
orders. Uh so I don't use stop orders. I
just use uh mental stops. So that means
I keep the stop up here. But a mental
stop is only as good as a trader who's
enforcing it. So if you don't follow the
rules and you don't cut the loss, then a
mental stop doesn't work. So you got to
make sure if you say this is my max
loss, that you follow it.
[clears throat]
Uh I see the question about position
size, but I'm not sure what the question
is. It just says position size. Question
mark. position size question mark. So,
my position size right now, um um
Caitlyn Jenner or Kendall, that's a
great question. Um listen, hands down,
um
Kendall. Now, I did name I have a
Sprinter um a sprinter van, and I I
named it Caitlyn, you know, cuz she was
a sprinter. Fantastic sprinter. Uh, so
and I feel like it I like naming the
cars um a lady's name. So um so anyways,
the sprinter's name is Caitlyn. Um it
wouldn't make sense to name her Kendall.
That would just that'd be weird. So who
names a sprinter Kendall? Um anyways, um
so position size right now, starter
position for me, I start with 5,000
shares. I'll double up to 4,000. I'll
double press it four times. I'm double
up to triple up to quadruple up to uh
20,000 shares and then from there I can
go up to 30 or 40 or 50. Depends on the
price of the stock and the spreads.
Sometimes I go heavier, sometimes I
don't feel comfortable.
All right, so we're coming up at 90
minutes here on this live broadcast.
Thank you guys for tuning in. Really
appreciate all the thumbs up. Um so
look, here's the deal. Uh it's 9:30.
We've got a live stream starting
tomorrow morning, 7:00 a.m. So, I'm
going to wind down here, go to bed, get
my 8 hours of sleep, and then be back at
it bright and early tomorrow. Live
streaming 7:00 a.m. Then, we're going to
switch gears. After live streaming,
we'll do my recap. If we've had a good
morning trading, that'll be fantastic.
And then, um, we've got some more uh
that I'm going to be teaching you guys
tomorrow. We've got a lot to cover. So,
big day. I'm looking forward to seeing a
lot of you guys in the chat room
tomorrow morning. So, make sure you guys
are taking advantage of these Black
Friday, Cyber Monday sales because they
are ending soon. All right, last
question. How do I withdraw from an IRA
without a penalty? I don't withdraw from
the IRA IRA. I have um more than one
IRA. So, I convert the money from my day
trading IRA to my investing IRA, the one
that I invest for long term. So, you can
move money between an IRA as long as
it's direct um transfer and the money
doesn't come to your account. Some
people will do like a they take the
money out to themselves and then they
have to put it back in the Roth IRA
within like a a win a period of time
which is risky because you know
sometimes people will I don't know do
something with the money when it's out
and then if they can't put it back in
then they would have a penalty for an
early withdrawal. So anyways um I don't
I don't take the money out. I just do
the um the uh the rollover. Okay, so
with that, thank you guys again for
tuning in. Make sure you check out the
Cyber Monday sales before they end, and
I will see you streaming bright and
early tomorrow morning. All right. So,
I'm going to end the broadcast and I'll
see you guys in the