Warrior Trading is a day trading community run by Ross Cameron that offers a live Day Trading Chat Room and live Day Trading Courses. I am a 6 month member of the trading room and have taken their 3 week Day Trading Course. I wanted to write a Warrior Trading Review of my experience with their courses. I took the Day Trading Course in the winter of 2014-2015 after trading unsuccessfully on my own for about a year. I am on the third month of the trading plan all students are given and I am finally finding consistency in my trading. For the first time I am really excited about my future as a trader.
Momentum Day Trading Strategy
When I joined the class I was looking specifically for an instructor to teach me a trading strategy I could use on my own and make money. Pretty simple, right? I looked at A LOT of trading courses before deciding on Ross’s. What really appealed to me about Warrior Trading was how genuine and sincere Ross is. After joining the classes I was happy to see that Ross really is dedicated to all his students and even made time to talk to me on Skype. I also had a good sense of his strategy before joining because I had read Momentum Day Trading Strategy lesson.
In Ross’s Day Trading Course he starts by teaching everyone the fundamentals of Risk Management. That is the first class, and he comes back to risk management almost every single class. He teaches students to trade with a profit loss ratio that is at least 2:1. This means his winners are twice as big as his losers, on average. That is the goal anyways. Sometimes you sell sooner because of one of the exit indicator he identifies. I learned if you trade with a 2:1 profit loss ratio you can be a profitable trader with a percentage of success as low as 50%. This was a huge eye opener for me! It takes the pressure off being right on every single trade.
In the second class Ross covers trading the right stocks. This is another area where I was a complete newbie even after a year of trading. There are only a small group of stocks each day that are worth trading. Ross is great at spotting them and shares all his scanner settings so we can find them too. I learned that high frequency trading accounts for more than 60% of the total volume in the market. Trying to trade against the computers is a losing battle! That’s why Ross teaches us to trade only the hot stocks.
In his classes 4-8 Ross goes into the details of his specific trading strategies. He trades gappers, momentum day trading strategies, and reversal strategies. These were what I needed to learn. I had been in many chat rooms but nobody gave out the details of the strategies they traded! This was so frustrating because all I wanted was to learn to trade. The Warrior Trading day trading course taught me how to find the momentum patterns, how to execute the trades, how to set my stop, and how to find a profit target.
Day Trading Is Easy Now
I was making day trading so much harder than it needed to be! Instead of focusing on basic patterns on just a couple of stocks each day I would trade a little bit of everything and constantly lose money. The Warrior Trading course has turned me into a disciplined trader. I have learned to take my profits each day and walk away. Some days I only make $40-50, other days I make $350-400. My worst losing days are -100 because I have a hard stop. If I drop below -100 I turn off my account and walk away. I feel like I’m turning into a trading machine! I now have an entire career ahead of me. A year ago I didn’t know if I would have a future in the stock market, but everything has turned around thanks to Ross and his Day Trading Course.