Red Day Recap on Feb 1st!

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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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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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19 COMMENTS

  1. I love your analysis! So smaller size and wait for pullback to get in; reminds me of surfers watching to see if it's worth going in.

  2. Is absolutely acceptable after a super consistent January as your! Just wait as you teach us, the best set-up and will be good!

  3. You will get it back in the next days. GL and thanx for videos. The best scalping guide ever.

    But what was learned: Choppy markets – not to be greedy; higher share size – 5-10 cents profit. Better more smaller profit trades than fewer with higher profits.

    Then, were your entries based on quality set ups (I suppose you would not enter if do not see a good 1/5min setup)? If so then why all of them failed (rules like half or full dollar breaks, getting into resistance etc)? Maybe because there is no real quality set up, everything is based upon expectations followed by good vs bad luck . In bull markets traders/investors (or pumpers) buys; You enter low floater stock rally at the beginning you win. If not, you are loosing. And a good scanner as an inevitable tool for scalper.

    btw, Greenspan Warns: "We Have A Stock Market Bubble" goo.gl/fA2Noa

  4. Oh and on BSPM paper trading I lost $600 with 5000 shares, chasing… trying to mirror you. But I continued to watch it later in the day and it spiked. I missed it and waited for it to pull back. When I saw that it was holding support just under the half dollar I got in 4500 On a 1min. Candle MAKING a new high I set a .10 stop it pushed higher and I scaled out of it up $405 On the name. Felt good to do that on my own.

  5. On BURG why didn't you sell half of your position when it approached the first profit target of 4.50 and adjust to break even stop before getting ready for the break of the half dollar? I just watched class 5 And am a bit into class 6 now. Learning a lot. Thank you.

  6. Hi, Ross, I wonder how you can buy at 3.49/3.50 while price is fast rolling up ? Did you use buy stop or your eyes and fingers are faster than mine, joking.

  7. The overall market was down, would you say that could have blocked possible continuation (2nd or 3rd leg) on the small caps?

  8. Thank you for posting your loss. I am looking forward to learning from you. I guess when the stock goes up 20 cents, we can sell half, then put stop loss to make even, it might avoid some big loss.

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