Warriors trading ross cameron net worthWarrior Trading Review - Is Ross Cameron legit
The summer of 2001 was when I took my first trades.I was interested in investing in the American Ski Company because I loved skiing.I was told by my Edward Jones office that I would have to pay a $50 commission to place the buy and sell orders.I decided to open an account with about $1,000.
I bought shares in companies such as American Ski, Exxon Mobile, Caterpillar, Cannondale, US Steel, Pfizer, and American Electric Power.I was trying my hand at investing.I didn't realize at that point that there were stocks that could make money as a day trader.
Despite checking my positions each day and reading about the companies, the values were not changed by the end of the summer.
It is difficult to remember what made me want to study the markets.I worked as a pool boy, mowed lawns, and was an assistant to a pottery teacher during the summers when I was in high school and college.None of these jobs paid well.
The ability to make money in the stock market was appealing to me after I made $10-20 mowing a lawn.Unfortunately, given my poor performance during the summer of 2001, I was left with the feeling that money could only be made if you already had a large account to begin with, or someone who knew a lot about stocks.
The financial crisis and recession made me think about investing or trading again.
After my father passed away in 2007, I received an inheritance of $100,000 and invested it with a financial adviser at one of the big firms.
The returns were poor under the management of that adviser.I thought that if I managed the assets myself, I could make enough money each year to justify my full-time focus, because I was struggling to find work in Vermont.
If I returned 25%/year, $25k/yr would not have covered my cost of living at that time.
I thought if my friend can do it, I can too.I thought it was possible to grow my account by 50% in a year by trading penny stocks.
It was the beginning of a two year journey of learning how to day trade.I tried a lot of things, but didn't find consistency.I learned a lot about trading, but not much.
Over the course of those two years, my cost of living combined with trading losses had wiped out all but $25k of my father's estate, and I had accumulated nearly $30k in credit card debt.Things weren't looking good, and my downward spiral worsened when I had a $5k red day.
I couldn't day trade since it was below $25k.At the time, I didn't know that day trading with as little as $500 could be done on a broker that had a min balance of $25k.I was going to sell things in my barn to raise $5k so I could give it one last try.
I studied all my trades from the past 2 years while my account was below the min.I was hoping to find out what had been working.I found that I had a strategy that was making money.
It was based on the stock market's performance in a single day.These were usually small cap stocks.I realized that I would be better off if I stopped trading Apple and other large cap stocks.
I told myself this was it once my account was over $25k.This is your last chance.I became a more disciplined trader.I began to find some consistency after following my newfound rules.I wasn't completely out of the woods yet, but my turning point was when I had a few bumps in the road.
I worked long hours helping beginners at Warrior Trading.At the end of 2016 I was regularly trading with a large account, and beginner traders would sometimes ask whether or not my strategies could be used to grow a small account.I wasn't sure since I'd almost always been trading with an account over $25k.I decided to put my strategy to the test.
A brand new trading account was funded with just $583.15.I wanted to show that my strategy worked.I turned the account into over $100k in 44 days.
I decided to turn it into a million dollars.I was only 10% of the way there.I spent the next 2 years growing the account.I reached that milestone in May of 2019.
The stock market changed in 2020.The Covid-19 economic shutdown caused a 30% drop in the overall market, and then a full recovery back to all time highs.Retail traders who were out of work began to try their hand at the market.
Volume and volatility went up as a result of millions of new traders entering the market.I had my first day of business in 2020 where I made over $100,000,000.00 in profits.I made over $5,000,000 in gross profit and over $4,500,000 in net profit after fees and commissions.There are broker statements here.
In January of 2021, GameStop surged from under $20.00 a share to over $500.00 in 2 weeks, as the inflated levels of volume and volatility continued.I hit a new record of $500,000,000.00 in the first day of trading and nearly $900,000,000.00 the next day.
I have grown my small account to $7,000,000 in trading profits.While I like the idea of growing this account to $10,000,000.00, I have moved away from setting any type of significant trading goal for my small account challenge or for 2021.
While goals are helpful, I can only make as much as the market is willing to give me.If we see a lot, I will do well, but if things cool off, my profits will decrease as well.
If markets cooling off causes me to fall short on my profit target, I shouldn't beat myself up.If the market is cooling off, I should not try to force aggressive position sizing.I teach beginner traders the momentum day trading strategy that I love and focus on trading the market.
You can see an independent accountants report of the first leg of my small account challenge here.
I joined Warrior Trading because I didn't like my job and I was forced to live five thousand miles away from my home.It feels like I have been given the keys to absolute freedom thanks to this community.
In less than 6 months, I have net more than 140k, after 3 years of trading as a student.Before I joined Warrior Trading, I developed my own short term swing trading strategy.
By April, my account was up 1,000% after I made $4,433.89 in March and $690 in January.I made $6,900 in 42 days.
In a world where waiting on someone else to make decisions about my income felt like a prison, I think trading is the only place where I can say I am totally responsible for my outcomes.I now have the ability to make my own decisions.
Real money and fully verified earnings and broker statements are part of the $583.15 to $1,000,000 trading challenge.
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Warrior Trading may publish testimonials or descriptions of past performance but these results are not indicative of future results or performance, and aren't intended to be a representation, warranty or guarantee that similar results will be obtained by you.
The experience of students featured in testimonials is different than that of Ross Cameron.They are experienced traders.It takes a lot of time and effort to become an experienced trader.
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In a research paper published in 2014, professors from the University of California found that only a small amount of day trading volume was generated by traders who were predictably profitable.
The University of Oxford and the University College Dublin published an article in the Journal of Applied Finance in 2005 about the profitability of active stock traders.
In a 2003 article published in the Financial Analysts Journal, professors at the University of Texas found that out of 334 accounts day trading the U.S. markets, only 34% were profitable.
There is a challenge of determining a definitive success rate for day traders.At the minimum, at least 50% of day traders will not be profitable.It's not easy to make money trading stocks.Day trading can result in the loss of your entire investment.Any investment or trade is at your own risk.
The information is only for educational purposes and should not be considered tax, legal or investment advice.A referral is not an indication to buy or sell a commodity.