Big First Day of April – Up +$11,104.29!

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I finished the first trading day of April in the green +$11,104.29! I traded $SLS (SELLAS Life Sciences Group, Inc.)
straight off of the watch list, which rose up over 200%! What a great way to start the month!

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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.

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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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20 COMMENTS

  1. Great day and recap ross. I haven't taken the leap yet (still trading the sim) currently saving for a better spec laptop and building my starting funds. Working full time as a plumber at the moment and looking to gain as much knowledge as possible before diving in. Is there any other beginner traders trading from the UK? Also any advice on chatrooms etc. would be massively appreciated.

  2. I like your live trades instead of recaps/summary…Do you think you will be able to do them instead of the recaps?

  3. Left a$20,000 on the table with Sls today……. /wrists

    Had 4500 shares at a $5.78 entry point, which almost immediately fell to $5.45. I exited my position at about $5.85. Went to the bathroom, and when I came back the stock had jumped to almost $7.00 D: I've only been day trading for about 2 weeks ($30k bankroll – up $4800 with 5 trading days) so didn't feel comfortable re-entering.

    Still ended up with a $1250 profit for the day after a nice 14 cent profit on ~7300 shares of GERN. Hindsights a bitch, but I'll take my win 🙂 Congrats on the big green day, Ross!

  4. Ross, I've noticed on your exits "taking profit" you will only wait to be filled for about a second or 2 on the ask, do you ever wait any longer to get filled on the ask or do you always hit the bid after a second or 2 ?
    On another note, today was exceptional and the SLS trade went as good as I have ever seen them go.

  5. Man the PDT sucks =( I entered this 9:36 at $5.89 as it was coming back up .. it touched 6.10 & dropped down & stopped me out at $5.55 .. it was my last trade under PDT & wasn't able to reenter when it ramped back up not too long after.. talk about regrets =(

  6. $600 for me , my very first day trade…seems I’ve been able to retain the teachings from the last few weeks…

  7. Awesome trading. I missed out on another .50/share due to technical difficulties but I stayed disciplined and found a good entry and ended green 🙂

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