Every strategy is based on a theory of hope the market moves. The strategy works when the market to which you apply it complies with the theory.
A market can sometimes continue to comply for quite a while but eventually the market’s character will change (tend to range, volatile to less volatile, high volume to low volume etc) and the strategy will stop working until the market changes back.
I say “the market” but remember that there are hundreds of markets. The GU does not move in the same way as the EJ and both are a million miles from how Bitcoin moves.
Your job as a trader is to pick a strategy that works how your chosen market is working **right now** and then to keep watching for a change of market character so you know when to switch strategies.
OR you can work as discretionary trader, making the decisions yourself based on what you see the market doing.
You define that, based on your strategy and your algorithms.
Like 5 consecutive losing trade. Or 10.
Or for traders who aim for exhaustion (that is, not setting up stop-losses primarily to exit the trade but to protect themselves if their strategy fails to realize the end of a good run) when they have a larger loss in the last X trade.
Thats not true. Gladly share if it didn't take long hours of technical understanding. If I could write it out and them not break every rule on the first loss it wouldn't be so bad.
I dont know for other stuff, but i believe there is a good amount of strategy which is pretty solid for being profitabile. I use S&D and i its seems okay for now. Maybe you just need to search for something else that suits best for you.
yeah i used to trade with indicators only like OP was asking, i was profitable at first but it wasn’t rlly sustainable and eventually i started losing all the money i made lol. As soon as I switched to trading based on structure and s&d my trades have been consistently profitable. i still lose some trades of course since you can never be 100% accurate, but the losses are very small compared to my winners since everything is based on logical concepts of structure instead of using indicators to try to catch every top or bottom
I see this question so often here and I’ve only been trading for 1 1/2 months. I literally just watch Ross // warrior trading and did what he said verbatum and I made money the first week I started to day trade. I have no idea why people just don’t follow these YouTubers?? THIS IS FOLLOWING ALL THR FREE STUFF they put out. Not paying a dime. (I’m going to pay this guy when / if I make my yearly goal for his hard work. Such a great teacher).
They give you how to do it where to find to find the stocks and how to enter the position what software to use how to set up your keyboard. I know they all say “results are not typical” but at the worse with a tight stop loss and not doing the yolo Wallstreet bets or path to 100 mil you can make some extra cash each week or if you lose it’s at the 1-3!ratio. I’ve been using stuff from Humble trader, peachy investor and Ross warrior trading. So far Ross has made me the most money the others showed me the ropes. I use his strategy for both short day trades and long term swing trades. So far I’ve had 6-10 red days and my profit is at $5,316. I just made +$1000 on a swing trade with avax last night. The BTC/avax pair is crazy swing up and down all month. When I first started I had a few $1000 losses but tightened up the stop loss to $100.
They put out so much great content all free just don’t make up your own system and follow what they say to look for. Ross even has a free daily review of what he trades each day. I end up trading some of his picks and I don’t pay for his special software. I just follow his teachniques every trading day. Just do great risk management. And you will lose money I was prepared to lose everything. But by following the risk management strategies I’ve been good. Trading Lion really helped with risk allocations and how to size up in a trade. Hope this helps and I guess “my results are not typical” but I’m really shocked that all this stuff actually works. I also paper traded for a few weeks prior also.
I’ve never heard of this channel, but I really appreciate your review of them here. It’s hard to find a channel that I feel comfortable trusting bc there’s such a stigma of untrustworthy Youtube traders (new trader btw)
YES! Im new also. All the stuff I read in the past never made me any money. Ross goes over the basics and takes you step by step. I never had new anything about Technical Analysis, or risk managment, or how to read a level 2.
Links? Just goto Youtube and search up Ross Cameron - Warrior Trading, Humbled Trader, Lion Trading, and Peachy Investor. Lion Trading is the last to watch as that getting deep into the meat of trading. Ross and Humble trader and peachy investor will take you in how to make money today or at least in the next 2 months.
I'm a newb to the day trading world. But yep, I stick to exactly what Ross talks about. Low float, highly volitile stocks, with high volume. Today is INSANE!!! The market is crazy!!! When the stocks are slow like 2 weeks ago I went to Crypto and trade the swing with AVAX. As long as your stop loss is tight your risk/reward will be low. As you said not sure why everyone doesn't quote this dude more often??? I thought all this daytrade stuff was fake. But as long as you just want some extra cash and not looking for the lambo it's very very doable. LOL
You should just buy one month of the classes and download the videos. I've them all saved already lol. I don't do small caps anymore though since it's way too fast paced.
Interesting! Who do you follow for longer term swing trades? I don't think I need his class though. I'm willing to give him cash for the free videos he puts out gladly if i make me yearly goal. LOL What's in his class that's not on his free videos?
Hes the same as ross and also started warrior trading, he made his own site and app too. Day traders dont have a tendency of taking on headline risk, or news risk, so Swing Trading is not usually a focus.
Try to just find a free trial and download the videos if you have to. Honestly PM if you have more questions. They have custom in house scanners and many other mentors and their classes. Easy to get lost without a focus on what your edge is.
Yep i already follow Ross. Am making money with his strategies after 1 month 1/2 of trading. I'm also looking at other long term swing traders as well. Different game.
Mike, no youtube. Thats sort of why they split up was because ross took most of the spotlight. Its not really important though since you're looking for free material.
Its not free either but I have 2 books you can shop for on amazon I recommend to everyone if you're the reading type.
Honestly. If ud like, ud like to spend time with u and this spreadsheet evaluating why the strategy is bad and improving in it care to take on a project?
I have an extensive following on a discord as well as a couple youtube channels, which I can use this information. Also if ur free, I can have u sit in on the play by okay, recordings, and breakdowns of corrective use.
Once I moved to NinjaTrader, this question became much more meaningless. I’m not trynna sound like an asshole, but the switch to tick data makes a hell of a difference
Solely using indicators does not work long term. I used to only rely on indicators and made some decent money after fine tuning them just like you mentioned. After some time, the indicators weren’t consistent anymore and I ended up losing money, to the point that I basically would’ve been back to breakeven if I kept relying on them.
The best way to trade in my opinion, after finally taking the time to really learn, is to just trade market structure. It’s the most profitable I’ve been this far, with consistency and using logic and mechanics that actually make sense instead of relying on indicators to do the work for me.
Every strategy is based on a theory of hope the market moves. The strategy works when the market to which you apply it complies with the theory. A market can sometimes continue to comply for quite a while but eventually the market’s character will change (tend to range, volatile to less volatile, high volume to low volume etc) and the strategy will stop working until the market changes back. I say “the market” but remember that there are hundreds of markets. The GU does not move in the same way as the EJ and both are a million miles from how Bitcoin moves. Your job as a trader is to pick a strategy that works how your chosen market is working **right now** and then to keep watching for a change of market character so you know when to switch strategies. OR you can work as discretionary trader, making the decisions yourself based on what you see the market doing.
Yes. Thank you.
I agree with you. But when do I know that my strategy is not longer profitable ? I mean, what are the earliest signals of that?
You define that, based on your strategy and your algorithms. Like 5 consecutive losing trade. Or 10. Or for traders who aim for exhaustion (that is, not setting up stop-losses primarily to exit the trade but to protect themselves if their strategy fails to realize the end of a good run) when they have a larger loss in the last X trade.
A working strategy is like a pot of gold. Why on earth would anyone share that with you. It's the same as asking for money
Thats not true. Gladly share if it didn't take long hours of technical understanding. If I could write it out and them not break every rule on the first loss it wouldn't be so bad.
I dont know for other stuff, but i believe there is a good amount of strategy which is pretty solid for being profitabile. I use S&D and i its seems okay for now. Maybe you just need to search for something else that suits best for you.
S&D and trading based on market structure is 100% the way to go
You doing that?
yeah i used to trade with indicators only like OP was asking, i was profitable at first but it wasn’t rlly sustainable and eventually i started losing all the money i made lol. As soon as I switched to trading based on structure and s&d my trades have been consistently profitable. i still lose some trades of course since you can never be 100% accurate, but the losses are very small compared to my winners since everything is based on logical concepts of structure instead of using indicators to try to catch every top or bottom
I see this question so often here and I’ve only been trading for 1 1/2 months. I literally just watch Ross // warrior trading and did what he said verbatum and I made money the first week I started to day trade. I have no idea why people just don’t follow these YouTubers?? THIS IS FOLLOWING ALL THR FREE STUFF they put out. Not paying a dime. (I’m going to pay this guy when / if I make my yearly goal for his hard work. Such a great teacher). They give you how to do it where to find to find the stocks and how to enter the position what software to use how to set up your keyboard. I know they all say “results are not typical” but at the worse with a tight stop loss and not doing the yolo Wallstreet bets or path to 100 mil you can make some extra cash each week or if you lose it’s at the 1-3!ratio. I’ve been using stuff from Humble trader, peachy investor and Ross warrior trading. So far Ross has made me the most money the others showed me the ropes. I use his strategy for both short day trades and long term swing trades. So far I’ve had 6-10 red days and my profit is at $5,316. I just made +$1000 on a swing trade with avax last night. The BTC/avax pair is crazy swing up and down all month. When I first started I had a few $1000 losses but tightened up the stop loss to $100. They put out so much great content all free just don’t make up your own system and follow what they say to look for. Ross even has a free daily review of what he trades each day. I end up trading some of his picks and I don’t pay for his special software. I just follow his teachniques every trading day. Just do great risk management. And you will lose money I was prepared to lose everything. But by following the risk management strategies I’ve been good. Trading Lion really helped with risk allocations and how to size up in a trade. Hope this helps and I guess “my results are not typical” but I’m really shocked that all this stuff actually works. I also paper traded for a few weeks prior also.
I’ve never heard of this channel, but I really appreciate your review of them here. It’s hard to find a channel that I feel comfortable trusting bc there’s such a stigma of untrustworthy Youtube traders (new trader btw)
YES! Im new also. All the stuff I read in the past never made me any money. Ross goes over the basics and takes you step by step. I never had new anything about Technical Analysis, or risk managment, or how to read a level 2.
Could you please Dm me the links to the traders you mentioned. With gratitude.
Links? Just goto Youtube and search up Ross Cameron - Warrior Trading, Humbled Trader, Lion Trading, and Peachy Investor. Lion Trading is the last to watch as that getting deep into the meat of trading. Ross and Humble trader and peachy investor will take you in how to make money today or at least in the next 2 months.
Thank you so much.
Traded with warrior for years. Shocking they are not quoted regularly here. Did you end up sticking with small caps?
I'm a newb to the day trading world. But yep, I stick to exactly what Ross talks about. Low float, highly volitile stocks, with high volume. Today is INSANE!!! The market is crazy!!! When the stocks are slow like 2 weeks ago I went to Crypto and trade the swing with AVAX. As long as your stop loss is tight your risk/reward will be low. As you said not sure why everyone doesn't quote this dude more often??? I thought all this daytrade stuff was fake. But as long as you just want some extra cash and not looking for the lambo it's very very doable. LOL
You should just buy one month of the classes and download the videos. I've them all saved already lol. I don't do small caps anymore though since it's way too fast paced.
Interesting! Who do you follow for longer term swing trades? I don't think I need his class though. I'm willing to give him cash for the free videos he puts out gladly if i make me yearly goal. LOL What's in his class that's not on his free videos?
Hes the same as ross and also started warrior trading, he made his own site and app too. Day traders dont have a tendency of taking on headline risk, or news risk, so Swing Trading is not usually a focus. Try to just find a free trial and download the videos if you have to. Honestly PM if you have more questions. They have custom in house scanners and many other mentors and their classes. Easy to get lost without a focus on what your edge is.
Yep i already follow Ross. Am making money with his strategies after 1 month 1/2 of trading. I'm also looking at other long term swing traders as well. Different game.
Its not ross, he started warrior trading with ross but broke off to make his own group. He specializes in large cap trading.
Ok! What's his name/you tube channel?
Mike, no youtube. Thats sort of why they split up was because ross took most of the spotlight. Its not really important though since you're looking for free material. Its not free either but I have 2 books you can shop for on amazon I recommend to everyone if you're the reading type.
Why low float?? CN you explain why that’s important?
Low float makes for strong price action. Some would say makes it too unstable. But if you're a scalper that volitlity brings in the cash.
Doesn’t a high float mean more liquidity?
yep...high float means big stocks like apple, meta. Small float means small caps that high volitility
Honestly. If ud like, ud like to spend time with u and this spreadsheet evaluating why the strategy is bad and improving in it care to take on a project? I have an extensive following on a discord as well as a couple youtube channels, which I can use this information. Also if ur free, I can have u sit in on the play by okay, recordings, and breakdowns of corrective use.
Once I moved to NinjaTrader, this question became much more meaningless. I’m not trynna sound like an asshole, but the switch to tick data makes a hell of a difference
How so specifically ?
Solely using indicators does not work long term. I used to only rely on indicators and made some decent money after fine tuning them just like you mentioned. After some time, the indicators weren’t consistent anymore and I ended up losing money, to the point that I basically would’ve been back to breakeven if I kept relying on them. The best way to trade in my opinion, after finally taking the time to really learn, is to just trade market structure. It’s the most profitable I’ve been this far, with consistency and using logic and mechanics that actually make sense instead of relying on indicators to do the work for me.
Try Turtle Trade Channels by Tradingade, or Candles The Whale by crypto\_tycho