“Let thy step be slow and steady, that thou stumble not.” – Tokugawa Ieyasu –
I wish I could say that there is a magic formula that could guarantee profits in the stock market. What I can guarantee is that there are none. In fact 90% of day traders lose money which means you better have a great strategy if you want to survive day trading in the stock market. Let me be more specific. You need a great strategy that has been proven and refined over time to show consistent profits in all types of markets. In addition you need the right tools with a specific plan to get in and out of the stocks you are trading. Is that possible? Yes with Ross Cameron and his Day Trade Warrior team.
Several months ago an online day trading friend of mine (Gary) emailed me and introduced me to a fast growing day trading professional/teacher named Ross Cameron. He sent several videos via his Youtube channel and blog posts from his website. In his email Gary explained that he could give me 5 reasons why I would benefit from Ross Cameron’s day trading knowledge. So, I watched every single video, read several posts and Googled the name Ross Cameron until I was satisfied he wasn’t another FURU (Fake Guru) trying to make a fast buck on subscribers. After several months of free chat Monday’s and his 2 week free holiday trial in December 2014 I joined his chat room. I am not going to lie Gary was wrong. There aren’t 5 reasons someone would benefit from Ross Cameron and his Day Trade Warrior team… there are 10.
Ross Has 3 Simple Strategies
They say 3 is the magic number so it’s very befitting that Ross has 3 simple strategies. He has the gap and go, momentum and reversal strategies. Each one of them has their own set up and they are very simple to learn. The beauty of these 3 strategies is that they are easy to spot and happen every single day in the stock market.
Tip – Don’t confuse simple to learn with easy to make money. Making money is dependent on many factors.
The Master Class Is Thorough
Risk management, stock selection, charting, level 2 and options trading are some of the goodies that Ross spends a great amount of time on in his master class. Luckily his classes are given right after the market close so you can ask questions during his sessions. He will even go over your trades that you made throughout the day if you ask. Don’t worry though if you can’t make it to his class everyday. All of his classes are recorded and posted to his site so you can study and refer back to them at your leisure.
Jeff is mainly a swing trader as well as a moderator in the room who helps out greatly throughout the day. But why is Jeff awesome? Let me tell you. I am a Mac user and when I found out that I needed to install Windows via Bootcamp because the DAS platform (excellent platform for day trading using hot keys) isn’t supported by Mac I felt lost. I had no clue what to do so I asked Jeff because I heard he too was a Mac user. He told me exactly what to do and then said if I had any trouble whatsoever he would do a one on one Skype session with me (free) to make sure we got it working correctly. Stupid me decided to do it myself because I like to learn and be independent. It took me 2 weeks to figure it out because my blonde hair is my handicap but, it was nice to know I had awesome Jeff to fall back on.
Tip – Ask Jeff and don’t be blonde like me.
There Are 2 New Moderators Adding Great Ideas
Mike and Corey are newly added moderators to the Day Trade Warrior team. I have watched both of these guys call out pretty awesome calls in the short time they have been moderating. Mike focuses on breaking news plays and Corey focuses on reversals. Not every call works out to be a profit but when they are wrong they respect their stops and move on. I am looking forward to learning more from these guys in the future.
Tip – Watch these 2 closely as they are becoming powerhouses of the room.
Try Swing Trading
Day trading can be tough. Your emotions go through a lot especially from 9:30 to 10am when the market is most volatile. However, you might find the emotion is too much for you and would like to try a slower pace of trading stocks. If that is the case then you can expect to get a daily watch list from Awesome Jeff outlining his swing ideas. On his watch list he gives a commentary on the stocks he is watching along with points of interest to enter, double up, profit take and stop out.
Tip – Try swing trading first as you learn to day trade.
You Will Never Feel Dumb
Carl Sagan said, “There are naive questions, tedious questions, ill-phrased questions, questions put after inadequate self-criticism. But every question is a cry to understand the world. There is no such thing as a dumb question”. I think Ross believes Carl was right because he answers every question without a hint of annoyance… even the dumb ones. Listen if you have never joined a day trading chat room you will not understand my point. Most top traders aren’t always nice and they let you know when you are asking “dumb” questions, posting “dumb” comments or clogging up the chat with noise. Your words might not be dumb to you but other chat rooms will let you know when they are dumb to them. I can honestly say that from what I can tell Ross has never made a person feel dumb for asking or commenting.
Tip – Before asking a ton of question see what you can learn for yourself first. Google has a lot of information too.
The Cost Of His Chat Room Is Great
You get Ross verbally trading real time, Trade Ideas stock scanner on screen, Benzinga giving news alerts and 4 moderators helping throughout the day all for under a cup of NYC coffee a day ($1.65 daily). I mean if that isn’t great I don’t know what is. It also has a perfect rating at Investimonials which says a lot in my opinion. But don’t take my word for it… Check out free chat Mondays or take advantage of his 7 day free trial then make a decision to see if DTW is a fit for you.
Tip – Cut back on 1 thing you waste money on and I am positive you can justify the cost and possibly save too.
Trade Ideas is a powerful real time stock scanner that has a monthly fee if you aren’t trading in Ross’ chat room. However, Ross has his Trade Ideas stock scanner up on his screen from 9am until the market close every single day. In addition Ross and Jeff have built amazing custom filters that fit their strategies so you can see the stocks on screen that might be of interest to them. That means you can use that information to trade independently if something piques your interest and Ross is away from his mic.
Tip – Find the strategy that works best for you and focus your attention on that particular scanner throughout the day.
Benzinga is a real time stock news feed with actionable trade ideas and financial insight. Throughout the day you can hear a gentlemen giving real time stock news as it happens along with it’s stock symbol and current price. He also let’s you know if there is a stock that has been halted and why and when it will be reopened again for trading. Benzinga has a monthly fee but being in Ross’ room you don’t have to pay for real time news. It might not seem like a big deal but you never know when breaking news is going to hit which might help guide and expand on your trading ideas.
Tip – Find out which events move stocks before trading from real time news.
Can you imagine Al Sharpton calling out real time trade alerts? Or could you stand to listen to Sly Stone on a daily basis? If you think that is bad what about Rosie Perez? On the contrary Ross has a very calm and controlled voice. This might not sound like a big deal but I would go crazy listening to a voice that sounded rushed, depressed, fake, nasal or heavily accented a la Brooklyn style.
Tip – I used to work as a commentator for ESPN so trust me Ross’ voice is a gift to the ears.
There are plenty of chat rooms you can spend your money on. Some of them are good, some of the are so so and some of them are horrible. My suggestion to you is to do your homework, ask around and find out what works best for you. There is nothing wrong with taking your time and seeing what fits your trading personality. However, don’t be fooled. You might see day traders on TV, magazines or Twitter living the “American Dream” but remember one man’s “American Dream” can be another man’s American Nightmare if you aren’t dreaming in your own bed. Do yourself a favor and don’t waste your time, money or education on chasing people who promise the un-promise-a-bull. Check out Ross Cameron and his Day Trade Warrior team first and see what you think. You will thank me that you did.