Easy Day Trading +$811! | Ross’ Trade Recap

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I’m finishing up the smallest green day of the month, +$811! A few years ago this would have been a great trading day when my daily average was around $100 – $200. Now it feels rather small because my daily average now is around $5,000 – $8,000. Don’t get me wrong, $800 is a lot of money and I’m really excited and happy with the outcome of today’s trades. Green is good! $MTSL (MER Telemanagement Solutions Ltd) +$1,139.78, $MYO (Myomo Inc) +$625.85, $PED (Pedevco Corp) +$407.00, $TRT (Trio-Tech International) -$102.00, $SMIT (Schmitt Industries, Inc.) -$1,259.14.

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I teach Day Trading Strategies for Beginner Traders.  I focus on Momentum Trading Strategies including Gap and GO! and Trend Finding Strategies.  All of our classes are available for immediate streaming at https://www.WarriorTrading.com.

// Helpful Links
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Reversal Trading Strategy: https://www.warriortrading.com/reversal-trading-strategy/
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“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”…

// Learn How to Day Trade and Learn How to Swing Trading
As Day Traders and Swing Traders our mission is simple. We are looking for stocks that we expect will move in a predictable direction. We want to take a position with a predefined stop level and profit target. Sounds easy right? In a lot of ways it is. But there are literally thousands of different strategies for trading the market. Every trader has a unique approach to trading. Our goal is to teach you our strategies. I have developed a series of profitable trading strategies for beginners. Our Trading Courses focus on the most fundamental aspects of a successful trade.

// Chart Patterns
After you understand risk management and proper stock selection, we teach you how to find stock patterns on charts. These patterns are how we base our risk and reward. We look for chart patterns that have well defined areas of support and resistance. We will use previous support levels as our stop price, or our risk, and we look at previous resistance areas as our initial profit target, or our reward. If the profit vs loss ratio is 2:1 we will take the trade. I teach both day trading strategies and swing trading strategies. For day trading we focus primarily on 5min charts while swing traders focus more on daily charts. The patterns in general are the same. I teach traders how to find patterns in real-time including Bull Flags, Bear Flags, Flat Tops, Flat Bottoms, and Rubber Band Reversal Setups.

// Trading Strategies
Learning risk management, proper stock selection, and chart patterns is important, but those alone don’t create a trading strategy. A trading strategy requires details on the time of day you take these trades, what type of stocks you like to trade, what percentage to success you expect. All our students are required to paper trade and prove to me that they can trade on a percentage of success that is high enough to justify real trading. If you can’t make money in a demo account, you have no business trading a real account. We have saved students hundreds of thousands of dollars by encouraging paper trading while they are learning. The market will be here for a long time to come. The important thing for you right now is to build up the skills to trade the market successfully. You will learn that once you possess the skills to consistently make $20.00/day all it takes to make $200 is larger share size. Then all it takes to make $2000 is again, larger share size. The hardest part is being consistently green just $20/day. So that is our initial target for all of our students. Profitable trading 4/5 days per week for at least 3 months.

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Comments

MEAN DEAN says:

Hey Ross, another great Vid me and the wife enjoyed watching. Great content with your views on accepting loss. I got real good at accepting loss early on lol. Looking forward to your Friday morning preview 🙂

BOP SEED says:

do you lets people watch you day trade real time when the market open

carlo locci says:

I improved my accuracy by 10% today but I am down 500$ still up 5k for the week but doesn’t matter the p/l what I am looking for is the accuracy, trading properly and avoid all the common mistakes and only enter the good trade, I however had a 56k day two weeks ago …

JDJASTL says:

Do you notice a trend with momentum on certain days of the week? Such as Thursday’s being slower, Fridays moving more?

Noel Monzon says:

Thanks Ross. You’re always helpful.

robert ozesen says:

I am a member of the Warrior trading chat room. My first red day this week. Lost $85 on SMIT. Made 20 trades today. End up $67 lost plus commission. I do 100 to 200 shares per trade. Up about $600 for the week but after commission I am almost even. I am still in TOS free commission promotion but only 150 free trades left. Not sure how to handle the commission cost after the promotion. Not ready to raise my per trades to 400 -500 shares.

kevin flynn says:

will this work in a bear market??

TheCornbeefsoup says:

9:12 This is what every newbie crypto investor needs to hear.

The_Dailey on Twitter says:

I just did one trade. MDXG in at 3.98, out at 4.26.

TyKOmain says:

Got in PED at 2.68 watched it run to 2.83 and held for more. Ended up getting out at 2.75

Korryu says:

Wish i could make 30$ a day by trading

Kyle B says:

I’ve used 2/3 of my day trades this week, but i’ve made a few hundo thanks to your pre-market vids.

dopet4h2c0 says:

hey great video man as always but I got a question for you do you use light speeds charts? THANKS

Guy Man says:

wouldn’t your profits be $296 because of fees i dont know your broker fees but if the fees are $5 per trade then 5 *103-881=296
im still a novice trader so i dont know if that is correct

7Horseshoes &A4LeafClover says:

Great video again Ross. Learned something new again. Thank you.

Chris Frontiero says:

some of these stocks seem to be trading at the same time, how do you move from stock to stock so quickly let alone make all those trades so quickly?

Scott Pike says:

QUESTION: You say not to worry about commissions while learning. I traded w/TOS OnDemand for the past 4 months. With SureTrader Commissions I made $6,466.40. With LightSpeed it would have been $18,746.50. Without commissions it would be $21,347.50. 53% accurate. So the question is, in this range, where do I consider success?

Simon Belmont says:

Ross, been trading in the sim for a few months now, finished today net P/L +$339.40 on MTSL and SMIT! That’s more than I made back at my old job working 10+ hours of hard, and highly skilled labor!!!! Accuracy is 66% and p/l ratio is 2.6:1 after a month in the new sim. Guys if you’re on the fence about where to learn to trade, go check out Warrior Trading, best move I’ve made in a while. Cheers!

ess mac says:

Thanks for the explanation about market changes and bad habits; it’s easy to blame ourselves and question our methods which can start a downward spiral, spinning traders out of control and maybe even out of the game. Sharing your knowledge with us helps us emotionally, and materially. Good stuff, right?
I’ve practiced losing a lot this week, lol. Dark red yesterday, and inch by inch a small profit today. Just not seeing the after-lunch or power hour momentum so much. that has lately been spoiling me. Might have to start trading early mornings, says this west coaster. Ugh! 🙂
Thanks again, see you tomorrow.

Sun Doan says:

90% Short and 10% long for real strong up is OK

gord schmidt says:

learning how to handle emotions and being mindful is key. Being able to focus and not get distracted is a skill that has needs constant practice. Day trading makes it real. I love it. Thanks Ross you da Buddha!

Bryan Shooter says:

Your live stop order hotkey can be found in lightspeed as well ? and how to do it if it does?

Boitsdat says:

Ross can I have a dollar

Viva Saprissa says:

Why do I only find the first 4 chapters of your Day Trading Strategies for Beginners course? I can not find the other 8 of 12 chapters…

Eric Smith says:

How many of your students have taken a small account of less than $1,000 to more than $50,000 in the last twelve months?

Jerome Scott Jr says:

Hey Ross, what is the benefit of buying 2.5K three times over buying 7.5K all at once? Does it improve your chance of getting filled more quickly? – Thanks

Scott Pike says:

Im excited for $200. Well done staying humble. You’re the man.

Callum Parker says:

Hello Ross! could you please tell me on average, what months have been your most profitable for you. I have been trading for a couple of months but I am taking some time off (still trading but paper trading) so that I can save up a nice starting amount to trade with, this way I feel I won’t need to trade as risky…i can take a 1/2% gain and be happy whereas with a $500 account I cant… I have just purchased a really high spec computer and I feel ready. I have read your book serval times and have watched hundreds of your videos! I’m addicted haha!! Keep up the good work. One day I hope to be as successful as you. You are truly an inspiration to me. Humble and respectable

Patrick Pretorius says:

Wouldn’t it be more balanced to include commission costs into the p/l it’s just I m finding jumping in and out expensive when trying your strategy. If that was IB It would have cost 1100 in commission to trade 220000 shares. I know you have a decent fixed rate but even with that it’s pretty expensive. It would be nice to have a more accurate idea of what is achievable. Brilliant vids as always by the way. Always enjoy the recaps

Jimbo Coats says:

From whence we came………..

Frankie Figz says:

Great fking vid Ross! Im dealing with the whole don’t want to lose nothing faze and its sooooo damn annoying.. I’ve literally giving up thousands of dollars worth of Trades just in the last month alone Driving me nuts! The stage fright stage is the worst. I’ll get through it though, just keep making vids buddy!!

Mohammad Bilal says:

I wold love to see you make a video on WT SIM how to set up hot keys for buying on limit selling on limit, load and send. ETC…. with specific details.

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