Simplest Day Trading Strategy for Beginners (with ZERO experience)
Want to Learn More ❓❓ Get info on My Strategy and Courses here: https://www.warriortrading.com/trading-courses/
I made over $10 million with this Momentum Day Trading Strategy. I look for the leading percentage gainers each day, then I evaluate the top 3-5 of them. I'm looking for a stock that has the following 5 characteristics:
1. Price between $2-20
2. Relative Volume at least 5x higher than 14 day average
3. Up at least 10% already
4. Ideally has news
5. Has a float of less than 20 million shares
Once I find a stock that meets those criteria, it's time to look at the chart. I prefer stocks that are above the daily 200ema, but will trade below the 200ema if they have a lot of room to squeeze up to that level. The reason I wouldn't trade something right below the 200ema is that it will serve as resistance.
If the daily chart is good, I'll look for an intraday chart pattern where I can establish an entry. My favorite pattern is the micro pullback. I trade this on a nearly daily basis. It's one of the best ways to get into a fast moving stock quickly. Once I'm in, I'll often add to the winning position. I like to add to my winners and cut my losers quickly. I take profit when I see a sign of weakness.
Signs of weakness include:
1. Big sellers on the Level 2
2. A topping tail candle wick
3. Bursts of sell orders on the tape
4. More than 3 halts up can mean a reversal is coming
This is not comprehensive to my entire strategy, but it's a good summary. I hope you found it helpful!
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.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky https://www.warriortrading.com..../why-mirror-trading-
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✔️If you don’t agree with those terms and our full disclaimer - https://www.warriortrading.com/disclaimer - you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: https://www.warriortrading.com/ross-cameron/
And check out my broker statements here 📝 https://www.warriortrading.com..../ross-camerons-verif
Our website is filled with free info 🔎 Start with this guide, no opt-in required: https://www.warriortrading.com/day-trading/
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: https://www.warriortrading.com..../free-day-trading-cl
Wondering what I think the All Star Day Traders out there have in common? 🏆 Read this blog I wrote https://www.warriortrading.com/all-star-traders/
Chapters
0:00 Intro
0:42 The Simplest Strategy
2:54 Live Example
7:01 How to Find the Stocks
14:35 How to Find an Entry
17:30 Closing
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
