How I Made $1,000,000 in 51 Days of Day Trading (Full Training)

About this Video

• Video Title: How I Made $1,000,000 in 51 Days of Day Trading (Full Training)
• Channel: Ross Cameron - Warrior Trading
• Speakers: Ross Cameron
• Duration: 01:39:31

Introduction

This video details Ross Cameron's day-trading strategy, which yielded over $1 million in 51 days. He breaks down his approach into three parts: risk management, stock selection, and scaling the strategy. The video aims to provide a practical, easy-to-understand guide for beginner traders.

Key Takeaways

1. Risk Management: Maintain a 2:1 profit-to-loss ratio. This lowers the break-even point, meaning fewer winning trades are needed for profitability. The speaker emphasizes cutting losses quickly.
2. Stock Selection: Focus on high-quality stocks meeting five criteria: five times above-average daily volume, up at least 2% in pre-market, priced between $2 and $20, float under 10 million shares, and a news catalyst.
3. Chart Patterns: Utilize candlestick patterns, specifically the bull flag, to identify entry and exit points. Buy on the first candle making a new high after a pullback, and set stop-loss orders at the low of the pullback.
4. Consistency: The speaker’s secret is position management. Trade smaller positions initially to build a profit cushion before increasing size on winning trades. He also recommends walking away from trading when the market is cold.
5. Scaling: The strategy is scalable, starting with smaller positions and gradually increasing size as experience and profit increase. However, there's a limit to scalability due to market liquidity.