Warrior Trading Review
- Quality of Alerts
- Quality of Support
- Ease of Use
- Quality of Education
Warrior Trading is a chat room and trading education service run by Ross Cameron. The community is focused on momentum trading, although there are a few moderators with other styles. Ross puts together quality education and provides members with a lot of tools to help them improve their odds of success.
About Warrior Trading
Warriortrading.com is a day trading chatroom and education site operated by Ross Cameron. He got stung during the day trading boom and internet bubble in the early 2000s. Like many gurus, Cameron picked up the pieces and proceeded to re-engineer his approach to trading and painstakingly developed a successful strategy based on trading small-cap stocks under $20.
As his system improved, he launched what is now known as Warring Trading in 2012. He focuses on the process of selecting the right stocks, managing the risk and spotting safe entries based on proven and repeating chart set-ups. Together with three moderators, Warrior Trading takes a team approach to teaching and trading for its members. The site also provides a unique paper trading simulator service that let’s subscribers try their hand with a $100,000 paper trading account to get their feet wet and focus on the trades and not the money. This let’s newbies build up their confidence with the alerts and methods without risking real cash.
The site claims to have an online community of over 500,000 traders worldwide and 5,000 premium members. They were nominated twice for Best Trading Educator for 2017 and 2016 Benzinga Fintech Awards.
Ross Cameron’s Trading Style
Day trading and swing trading low-priced momentum stocks moving on news or chart-based patterns sums up the type of trading on the site. Scalping is the main trading style promoted in the chatroom. Ross Cameron comes off a friendly, calm and open personality, which makes for a comfortable atmosphere even during the stressful market volatility during the market open. Ross has a video stream that includes his mugshot, stock scanner and charts. A newsfeed also is included in the streaming video feed. Did I mention there is a lot of interaction?
Along with Ross, who tends to trade small-caps, there are three other moderators providing trading signals and mentoring. Ed is a scalper focusing on intra-day set-ups. Mike is a technical analysis based trader that usually trades stocks priced above$20. Jeff is the resident swing trader specializing in multi-day swing trades using both equities and options. They can all be found moderating in the chatroom and also the mentor chatroom during training sessions. All the moderators chime in throughout the day via audio and text.
Warrior Trading Education Courses
The trader training courses are all accessible via mobile and desktop devices. There are three levels of training courses starting with the $997 Warrior Starter program is tailored for newbies and includes one-month access to the chatroom, simulator and “CORE” Warrior Day Trading Course.
The Warrior Pro program (which is similar to the Tim Sykes Millionaire Challenge) includes everything from the Warrior Starter for three-months in addition to 3X Weekly Mentoring for three-month access and Proven Warrior Pro Trading System which includes their Day trading and Swing Trading System and personalized trade review with Ross for $4,299.
The final and most inclusive is the Warrior Inner Circle program which takes applications only and includes one-year access to the aforementioned programs as well as access to fly out and meet with Ross and his team twice a year, access to the Private Inner Circle ONLY chatroom and community for an undisclosed price. The site recommends a 90-day plan to accelerate your trading skillsets with the Warrior Pro Trading System in the first month and progressively moving through the course onto the chatroom and then applying the strategies on the trading simulator by month three. There are a lot of convincing testimonials that support the success the system can provide to the right individual. The education is convincing, just be prepared to pay for it.
Warrior Trading Chatroom
The chatroom streams Ross’s Trade Ideas scanner, live mugshot and charts throughout the day. Ross chimes in frequently to provide color commentary on the market action. He does a thorough job of explaining the set-ups and analysis of stocks in play in the chatroom. He has a very calming and down to earth demeanor that makes him very approachable and unassuming. There is a lot of interacting with the members between Ross and his moderators. The chatroom does a good job of selecting stocks that are moving with momentum and volume. The low-priced stocks are good for small accounts especially when they nail a big mover (up over 30%).
The chatroom regularly draws hundreds of members that rotate throughout the day. The members tend to be more vocal in this chatroom than many others of the similar size. The interaction can provide many trade ideas, especially from some of the veteran members. There is definitely a material impact on prices when alerts are given, especially with the small-caps. The problem, as with most cattle calls, is the price can get away from you really quickly and force chasing. For the set-ups that are solid, you may not be able to get a decent fill without chasing. However, there are many times you end up chasing only to get whipsawed and stopped out as momentum dissipates. It’s very important not to let get “stuck” in a position that turned sour.
One of the biggest problems with newbies is not having the discipline to stop out. Ross seems to be aware of the market impact and manages to accommodate the liquidity that’s available with subtle hints and comments when a play is not working out. Those who understand the methods and are diligent enough will be the first ones to minimize the losses. This is especially critical with the thinly traded penny stocks. This chatroom is one of the most interactive rooms out there as they like to take surveys after some of the alerts asking if members make profits on the trades. This provides encouragement to consider taking the alerts.
Although the website doesn’t offer free trial subscriptions, they do offer free one day access to the chatroom almost weekly. Signing up for their e-mail list will get you the heads up when this is available or you can follow them on Twitter @daytradewarrior. This is the best way to try before you buy.
Live Trading Simulator
The trading simulator can instill patience and discipline for those willing to slowly improve their results in a steady manner before going live. . Let’s face it, paper trading is much easier than trading a real account. The goal is to build up your skillsets without the emotional element so that the transition to a cash account is easier to acclimate while duplicating a good chunk of the results from the demo account. This can backfire for the people with the wrong temperament. I can attest it’s much easier to trade on a simulator and even more tempting to go “all-in” more often since there is no risk. This can instill a false sense of security that can lead to disaster when transitioning these bad habits to a live cash trading account.
The trading simulator acts as a paper execution and charting platform including real-time level 2 data. The simulator costs $99 a month or $249 quarterly and $899 annually. Personally, I can’t see paying to paper trade but it may be a good start for newbies. Many online brokers will let users test out a demo version of their platform for a limited time. Users can track their performance and make necessary adjustments and calibrations to their trading without the risk of losing money during the learning curve.
Ross Cameron’s Performance
Ross appeals and relates to new traders by focusing on growing smaller sized accounts. In January 2017, Ross started with $583.15 and grew his account to $335,027.71 by the end of December (bringing in over $100k in profits within the first 30 days). Ross achieved these results by trading his strategy which is primarily focused on trading morning momentum.
The earnings are verified with broker statements and can be viewed alongside the monthly performance Warrior Trading’s website. Keep in mind, Ross used 6x margin on the account (meaning every $100 can be leveraged to provide $600 of buying power), allowing for faster growth. Leverage can be an effective tool for experienced traders, but new traders should always be cautious when using it.
Ross continued his small account trading challenge in 2018 with a goal of turning that initial $583.15 into $1 million.
By the end of 2018, Ross had achieved a total of over $800,000 in profits (starting from Jan 2017) and almost $500,000 in 2018 alone. Ross continues to update his profits and share his broker statements on the Warrior Trading website.
What Type of Trader is the Service Best For?
They cater to both beginning and experienced traders. There is a nifty little homepage online quiz you can take to determine if you are a beginning or experienced trader. After completion, they direct you the most appropriate services catering to your skill levels. The site offers three main types of services: chatroom, trading simulator and educational trader training courses. Memberships are billed on a recurring basis. The basic monthly subscription is $149, which includes access to the chatroom alerts through text and email, swing trades, daily watchlist and chatroom alerts. The quarterly membership is $297 and gives three months of the basic membership at a discount. The annual membership includes access to the trading chatroom, which includes a number of proprietary scanners for $897. Naturally, the yearly subscription has the largest savings as it brings the monthly rate down to $74, but has to be paid upfront.
Is the Service a Good Value?
There is a ton of good free blogs, podcasts along with the one-day access that let’s interested users test out the service without a formal free trial. Overall, the site is expensive but a great value compared to the potential for consistent profits. The friendly interactive nature of the moderators makes it a pleasant during drawdowns and exhilarating during profitable days.
- Transparent live analysis during trade alerts
- Always watching stocks that are “in play” with momentum
- Comprehensive training programs for newbies to pros
- Mobile-friendly website and chatroom
- Impressive results in the chatroom
- Friendly, engaging and interactive moderators
- Expensive bundled training packages
- Lack of historical daily performance on trade alerts
— David MacDonald (@dbgmac) April 10, 2017
— Warwick Sleigh (@sleightrader) April 6, 2017
— CTCC0325 (@will_trade4food) March 30, 2017