KA-POW! Another Awesome Day of Trading +$5k!

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BAM! $5,201.88! Finished up another great day trading. I’m up $75,000 on the month so far and with half of the month to go, I’m hoping to double that before the month ends. $KBSF (KBS Fashion Group) +$4,362.50, $VLRX (Valeritas Holdings)+$839.38.

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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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Twitter: @daytradewarrior @swingwarrior

“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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17 COMMENTS

  1. Hi Ross just a quick clarification. What is one trade in regards to the PDT rule? For example, is one trade a buy order then a sell order? If so how does this work if you place a buy order then scale out with multiple sell orders? Would scaling out count as multiple trades?

  2. Hey Ross , what are the key factors you look for when jumping into a stock off the hod Momo scanner? I mean before the micro pull back?

  3. HI ROSS, I'D APPRECIATE IF YOU CAN LEAVE IN THE END OF YOUR ANALYSES THE SYMBOL OF EACH STOCKS ON THE WEB SITE, THANKS.

  4. Seriously love the tidbits about your life/progression. I'm where you were 7-8 years ago. Working 2 jobs, 70-80 hours a week. Yes, I clear 100K a year, but at what cost…no freedom whatsoever. It's my goal and my dream to reach a point in my life where I have the skills and knowledge to have financial freedom through trading and not have to work my life away to maintain the lifestyle I enjoy. Thank you Ross; for sharing your wisdom with others and providing motivation to us each day!

  5. If you decided to buy in when it breaks $7.20, but it pops up to $7.80, would you try to still get in or would you wait for the pull back?

  6. I was watching KBSF this morning over 7.20 and it just moved so fast and I missed my entry in less than seconds. as a beginner how do you get in when you don't have the intuition to anticipate when it pops over the entry point more than 10 cents so quickly? Thanks Ross! love your stuff.

  7. Hi Ross, can’t miss your video. Just back from a day’s tiring work. Congratulations! Just a question: you mentioned often that you first sell on ask then on bid after failing. Why don’t you simply sell on the bid to get filled instantly and avoid loss when the price drop drastically? Isn’t it safer? Would you recommend beginners to sell on the bid just to be safe?

  8. Way to go on grinding out from day job to day trade… my share size is small , on avg around 2000 shrs per trade, but I’m gradually growing into 3-5k share orders. I havent touched margin yet, don’t think I will. But I’d say another year or so, and I may shift to full time trading and traveling

  9. Ross do you have to click the scan button on your HOD scanner once the market opens or does it scan on its on. I notice you usually get on on stocks that have ran on the first minute. Do you wait or is it do to you manually hitting scan on your HOD Scanner?

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