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
Warrior Trading is a day trading chat room 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 lets 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 lets 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. Our Warrior Trading review will help you determine whether or not this is the right trading service for you.
Ross Cameron’s Trading Strategies
Ross Cameron and the moderators focus on day trading and swing trading low-priced momentum stocks. Most of these stocks are making technical moves or moves off of stock market news. Scalping is one of the main trading strategies promoted in the chat room.
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 trade ideas. Mike is a technical trader that usually trades stocks priced above $20. Jeff is the resident swing trader specializing in multi-day swing trade ideas using both equities and options. They can all be found moderating in the chat rooms during training sessions. All the moderators chime in throughout the day via audio and text.
It’s beneficial for members to see the different trading strategies used by different moderators.
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 Course is tailored for newbies and includes one-month access to the day trading chat room, 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 programs mentioned above 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 compelling, just be prepared to pay for it.
Warrior Trading Chat Room
The trading chat room 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 trading chat room. He has a very calming and down to earth demeanor that makes him very approachable and unassuming. There is a lot of interaction with the members between Ross and his moderators. The chat room does an excellent job of selecting stocks that are moving with momentum and volume. The low-priced stocks are suitable for small accounts, especially when they nail a big mover (up over 30%).
The chat room regularly draws hundreds of day traders that rotate throughout the day. The members tend to be more vocal in this chatroom than many others of a similar size. The interaction can provide many trade ideas, especially from some of the veteran members. There is 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 quickly and force chasing. For the solid set-ups, 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 imperative not to 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 email 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 steadily 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. I can’t see paying to paper trade, but it may be a good start for newbies. The cost of a paper trading simulator is nominal if it helps you avoid trading losses from inexperience.
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.
Warrior Trading continues to support and update their paper trading simulator. The team released some significant updates in 2019, and now the platform is better than ever.
Warrior Pro Program
The Warrior Pro program is the flagship offering from Warrior Trading. This program combines all of the company’s offerings into one program that is designed to serve as an “all-in-one” solution for aspiring traders. The program offers educational resources, chat room access, scanner settings, and exclusive mentorship sessions. As part of our Warrior Trading review, we wanted to have a closer look at the pricing options and whether or not they are worth the money.
Warrior Pro offers three payment options:
- 1 Year Access for $7,497
- 90 Days Access for $4,997
- 90 Days Access for three payments of $1,997 (for a total of $5,991)
The 90-day programs both recur into a $197/month chat room subscription if they are not canceled.
Of the three, the annual option is the best deal. Traders should not expect to become a confident trader in 90 days, regardless of the quality of education. A year is a far more appropriate timeline.
Here are the resources included:
- Warrior Pro Masterclass Courses – This includes multiple trading courses that cover trading fundamentals, small-cap trading, large-cap trading, swing trading, options trading, futures trading, cryptocurrency trading, and more.
- Chat Room Access – This is similar to the monthly subscription. Traders will have access to real-time alerts in the chat room.
- Scanner Settings – Get access to the scan settings Ross uses to find trading opportunities every day.
- Simulator Access – Get access to the paper trading simulator to test out the strategies you learn in the trading courses without risking real money.
- Mentor Sessions – Get access to small group mentorship sessions where you can ask questions and seek guidance.
The Warrior Pro program combines all of Warrior Trading’s offerings and adds a few exclusive features that you can only get as a Warrior Pro member.
We recommend starting with the basic offerings before signing up for the Warrior Pro program. With price tags starting at $4,997, this program is costly, so you’ll want to make sure it is a good fit by first evaluating the lower-priced services such as the chat room.
Ross Cameron’s Performance
Ross appeals and relates to new traders by focusing on growing smaller sized accounts. He trades with real money and works to grow small 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.
Is Warrior Trading Legit?
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 a useful tool for experienced traders, but new traders should always be cautious when using it. If you want to trade like Ross, you will need to use leverage, but you should be cautious if you are new to the game.
Ross continued his small account trading challenge in 2018 to turn 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.
The broker statements help provide transparency, and Ross will report losses as well as profits. In March of 2019, Ross reported monthly losses of ~$20,000. Despite these losses, Ross Cameron has still made over six figures in profit in 2019 as he continues on his journey to grow his small account to $1 million. You can keep track of Ross’s verified 2019 performance here.
Is Warrior Trading Good For You?
Warrior Trading is a respected service, but is it good for you? The answer depends on your trading style.
Warrior Trading caters to both beginning and experienced stock 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 to the most appropriate services catering to your skill levels.
The site offers three main types of services: chat room, trading simulator, and educational trading courses. Memberships are billed on a recurring basis. The basic monthly subscription is $149, which includes access to the chat room alerts through text and email, swing trades, daily watchlist, and chat room 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 chat room, which consists of several proprietary scanners for $897. Naturally, the yearly subscription has the most significant savings as it brings the monthly rate down to $74, but has to be paid upfront.
Is Warrior Trading Pro Worth It?
There are a ton of useful free blog posts, 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 pleasant during drawdowns and exhilarating during profitable days.
Warrior Trading continues to expand the service without increasing costs. The team has expanded to include new experienced traders with unique skillsets. Overall, the price is fair, and you can usually find discounts (such as these) to save even more on your subscription.
- Transparent real-time stock analysis
- Always watching stocks that are “in play” with momentum
- Comprehensive trading education for newbies and pros (such as the Warrior Starter Course)
- Mobile-friendly website and chat rooms
- Impressive results in the live trading chat room
- Friendly, engaging and interactive moderators
- Expensive bundled training packages
- Lack of historical daily performance on trade alerts