Top 5 Reasons Why Traders Lose Money 💰Don’t Make These Mistakes!!!

Chapter List
0:00 Intro
2:50 Mistake #1 Trading with Real Money Too Soon
7:33 Mistake #2 Trading with the WRONG brokers for Day Trading
9:38 Mistake #3 Trading WITHOUT a proven strategy
13:30 Mistake #4 Trading WITHOUT a business plan
18:46 Mistake #5 Not allowing enough time to convert Knowledge into SKILL

Before we continue...👀

💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money. 

❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.

🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.

Still with me? 

Now let’s dig into some helpful information …

#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior

[DjRadRod]

Hey Ross,

I began my trading journey just last November. Did a small amount of simulation/paper trading just to get the hang of how to execute orders etc. Started right away with real money, using a small account. Didn't really have any sort of strategy or risk management in place whatsoever. Took a lot of small losses in the beginning, as I was slowly trying to find my niche and formulate a strategy. Lots of up and downs.... Now somewhat profitable, thanks to risk management and proper position sizing, having an actual plan in place etc. Once I started thinking in percentages and gains, instead of dollars and getting rich quick it really started clicking for me.

Trading has completely changed my life! I'm up everyday at 5AM to check the markets, load up my scanners and get a watch list going. I work full-time as an engineer, so it's my side gig for now until one day I can make it a full time career.

I love the content by the way, especially your trade recaps. Have a great day and happy trading sir.

[markburn]

I think my biggest problem is chasing the homeruns instead of being content with small wins

[danfet]

I feel like I've just told you about my trading failures and all my frustrations and you're now trying to give me your best advice and also hope. Great video Ross!

[jameslawler]

Successful people don't become that way overnight. Most people you see as glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray anyone who reads this will be successful in life

[viclotorto]

I made $8, 000 today off doge . I have 50k shares . Bought them for $15, 000. I made $30k in valuation for my first trade ever ! It can be done but you gotta position yourself correctly and catch trends early

[anacrosby]

I’m not losing money anymore. I just wanted to say you are the only transparent Trader/educator. I respect you very much for that. Keep up the great work. I had my start of trading education with you. But moved to few others after you and realized you were the only honest trader of all :) it was a good start with you. Thank you

[statesnetllc]

Just came across this video, I’m new but have a set of rules that have worked for me so far. But always learning (I own a few other businesses as well. I tend to spend way to much time but here’s my rules let me know what you think. I’ve only been at it for 3 weeks

1) never spend tomorrow’s lunch money on stock
2) when buying I set a trigger for a sell and stick with it - any profit is a good profit
3) I don’t buy anything that isn’t currently down (especially with the corona) from 6-12 months ago
4) I don’t buy anything that doesn’t move a lot (the current yo-yo like market is working for me)
5) I don’t sell if it’s down and I account for a certain % to hold for a day or two
6) i don’t look at what I could of made it I’d held it longer - that’s whey you start playing the slot machines and the house always wins.

I have a little 200 a day goal on profit, that being said I’ve averaged 650 a day for the last two weeks and I’m looking at upping my goal.

Thanks and as always I read and watch everything

[FeshDCore]

i started learning on the 7 june only using a training account its going great made 800 today on 2 trades in 1 hour i feel confident already but going to wait 1 or 2 more months just to make sure im consistent on keeping a profit ...

[RobHavemeyer]

Great to hear from Celena! I agree with her comments 100%. The emotional side of trading is the “one” thing a SIM cannot prepare you for. It’s easy to get carried away in the SIM and make a lot of money. That’s good to a point but it starts to write checks against your confidence because once you go live you can’t take the position size of your fluffed up SIM account. My advice is to try and treat the SIM as if it’s real $. Use the same position size as you can afford when you go live. This way it’s a closer easier transition. Even with that just realize that a few red days in a live account will probably take an emotional toll that you aren’t expecting. But as I’ve learned a red day is a time to learn. Trading is about screen time and learning. And you have to learn from your mistakes and work on your bad habits and things that make you unprofitable. Journaling and Tradervue are your friends. As Ross has said trading is a marathon and not a sprint. There will be slow times or times when the opportunities are less. You have to realize each day is a new set of opportunities and preparation is key to being able take advantage of the A+ setup when you see it.

[CamTanYT]

The hardest thing for me was learning how to cut losses. I would hold and hope to not take the loss, but now I have better entry/exit plans and can move on to the next opportunity quickly.

[Tom-ihrz]

So thankful for these videos! Nice to hear a genuine voice. Are there any free trading simulators that you recommend? Thanks!

[candywilliams]

I really love your way of experience, and letting the under knowledgeable people, be more knowledgeable about the business, , and thank you because, I just lost my Mother, and I’ve just been loosing my inheritance..

[xboomcazoox]

One thing I've really appreciated, learning from your daily recaps and small account challenges, has been your transparency!

Other creators only show the days where their trade strategy works. Where you break down your set ups whether they are profitable or not. It's authentic and proves you're a human.

Not a student of yours due to the time restraints as a fulltime tradesman, but being a fan has been just as valuable. Definitely trading smarter thanks to you Ross, keep up the good work!

[irriwick]

I am a Sri Lankan, 75 yrs. old and just started to do trading. As you said I made a lot of losses in the beginning and after listening to you I learnt where I went wrong. Thank you for the great presentation.

[GBRbaptist]

You are on fire! Up over 200 today on sim and 10 dollars on small amount this week. Truly thankful for all the free content you share. God bless!

[siddigasim]

The 1st Reason 2:50
2nd Reason 7:33
3rd Reason 9:37
4th Reason 13:41
5th Reason 18:45

[MarcosWanlessyoutube]

I’ve been a business analyst for years and everything you say hits the mark right on-thank you for your advice! I will go and take your course

[laurenjohnson]

Ross, you make trading seem really accessible. I always thought trading was too technical until I stumbled across your videos. I started with Stash and presently have a 13% return, but I'm really excited to get into day trading. Thanks for sharing your knowledge and making this actually seem possible. I have some student loans I would love to knock out sooner rather than later and then start really building a life for myself.

[hugavet]

I watched this video but made the same mistakes. I'm a big dummy I got impatient. I jumped in and got lucky early on my first day. $3000. Then lost $10k. Then would get lucky and overconfident. Please follow Ross ' advise precisely. It's too easy to gamble. I should have started with only $1000.00. Don't chase your losses. Start small!

[mtmsxp]

I am a part of the 90% club. Yesterday was no exception. I know my trading will be profitable one day it’s just been a long two year journey learning and getting burned sometimes beyond recognition. Thank you for your videos sharing your ups and downs. Your journey is such an inspiration from struggling and losing to becoming consistently profitable.

Thanks Ross