Check out our complete Day Trading Terminology Guide.
- B/O = Break out
- Sitting on the ask = trying to sell shares on the ask
- Sitting on the bid = trying to cover short position on the bid
- HOD = High of Day
- LOD = Low of Day
- Float = number of outstanding shares available to trade on the open market
- Low float = a company with less than 100 million shares outstanding
- Medium range float = company with between 100 million – 1 billion shares outstanding
- High float = a company with more than 1 billion shares outstanding
- Benzinga = streaming news services I use
- Bottom bounce / volume bottom = a spot on a chart where a reversal is likely (for getting long)
- Top reversal / volume top = a spot on a chart where a reversal is likely (for shorting)
- Flat top breakout = a flag pattern that has tapped against resistance several times (for getting long)
- Flat bottom breakdown = a flag pattern that has tapped against support several times (for shorting)
- I’m out half = i’m reducing my position by 1/2 by scaling out
- I’m out 1/4 = i’m reducing my position by 1/4 by scaling out
- Whole dollar roll = when a stock is approaching a whole dollar figure like 71.00. The double zero is a key level of resistance. Breaking out about this can be a good place for a trade
- 1 min trailing stop (my stop is the high/low of the last 1 min candle depending on short vs long)
- 5 min trailing stop (my stop is the high/low of the last 5 min candle depending on long vs short)
Swing trading refers to a trading style of holding stocks for at least 1 night, sometimes as long as several weeks or months. These are generally short term trades. Swing trades are often held for a few days or a week.
Check out our Swing Trading page for more information.
Margin is a type of account you can have with your broker. In a margin account, when you sell stocks, the cash value is immediately available in your account to reinvest. In a non-margin account, you will have to wait 3 days for the cash to become available. When you have a margin account, brokerages also give leverage, often up to 4 times which means that a trader’s cash balance is multiplied by 4, and that’s the amount of money available to buy or short stocks. So if you have a 25k balance, you will have 100k in total buying power. The 75k is margin. Margin accounts do have their share of risks associated with them, as losing money in a margin account could mean that you owe money to your brokerage. Learn more about margin accounts.
In the United States you need at least 25k in cash in order to have a Margin Account that you plan to Day Trade. If you do more than 3 day trades in a week you are considered a Pattern Day Trader, thus requiring a minimum balance of 25k. Learn more about the PDT Rule.
Our educators and moderators only trade their own accounts. Warrior Trading and its representatives are not licensed financial advisors and cannot trade your account for you. If you’re looking for trading education so that you can learn to trade your own account, and a community to support you along the way, that’s where we can help! Read more in our disclaimer.
Yes! We have many traders that trade part-time while working a full-time job. In general these traders choose swing trading. They enter trades, place live stop orders, and walk away. This is the best strategy for trading while working. Some of our members are in different time zones and can trade for 1hr of the U.S. Stock Market before or after work. This is also feasible. The best hour to trade is from 9:30am-10:30am. Read more
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All our courses are currently held online as well as our group mentor sessions for our pro members. Once a year, we hold live in person events and our Warrior Pro students get first access for tickets. Read more about Warrior Pro.
Yes, you can trade the US Market as long as you are able to open a brokerage account with a US or offshore broker. This would require a bank account with the ability to transfer or wire money to other banks.
We have thousands of international students in our educational programs and trading with us. While some of our strategies could be applied to foreign markets, we focus on only the US Stock Market because it provides the most opportunities for day trades & swing trades.
We trade the US Market starting with the open at 9:30am EST, and about 15-30 minutes before in which we build out watch lists. Ross focuses on trading only the first 2 hours of the market open. This works well for many of our students in Asia and Australia who have to stay up late to trade with us. However, it also makes it a great opportunity for many traders to make money trading the markets while still maintaining a full time job!
In terms of attending our classes, we’ve made it easy by making all of our material available via streaming recordings. This means whatever your time zone, you can participate in learning with us.
We understand that the Priority for most of our students is to eventually trade a live account to earn extra income.
However, before looking to open up a brokerage account, keep in mind that Ross recommends all our students to first gain proper trading education and to practice on a trading simulator before starting to trade with live funds.
We teach our students how to create a trading plan with proper risk management, track their progress with a trading journal, and to improve their Profit Trifecta through our courses. This can take anywhere from 3 months to one year or more for some students depending on their schedules and learning curve.
Ross would not trade a strategy without a proven track record and metrics behind them in a simulator before going live. Maintaining his account and profits is his first priority. Keep this in mind when looking to fund a brokerage account for the first time.