What You'll Get From This Guide
If you're serious about day trading, you've probably heard of Warrior Trading. Ross Cameron's platform is one of the most accessible ways to get real-time market education. But let's cut the hype: Warrior Trading won't make you rich overnight. What it does give you is a solid framework for identifying trades, managing risk, and building consistency. After using it for over a year, here's what I've learned that actually moves the needle.
Why Warrior Trading Works for Day Trading (and Where It Falls Short)
Warrior Trading is built around a few core tools: a live chat room, a stock scanner, and educational content. The biggest advantage is the community. When you're staring at a screen trying to decide if a breakout is real, having 50+ experienced traders discussing the same stock helps filter out noise. Ross himself trades live every day, and his commentary is a masterclass in discipline.
But it's not perfect. The scanner can be overwhelming at first. There are dozens of filters, and if you don't know what to look for, you'll waste time. Also, the chat room moves fast. Missing a good entry because you were reading a previous message is common. The key is to treat the tools as supplements to your own analysis, not replacements.
The Core Setup: Scanner and Chat Room
Scanner Configuration
After trial and error, I settled on a scanner preset that catches most of the high-probability setups. Here's what I use:
- Price: $1 – $20. Lower-priced stocks have more volatility, but also more risk.
- Average Volume: > 500,000 shares. Ensures enough liquidity.
- Relative Volume: > 2.0. This means the stock is trading at least twice its average volume, signaling unusual interest.
- Gap: Gap Up > 2% or Gap Down > -2%. Gaps create momentum.
- Float:
This filter gives me a manageable list of 10-20 stocks each morning. I then sort by volume and look for patterns.
Chat Room Etiquette
The chat room is where the real action happens. I don't just watch; I participate. But I've learned to ignore the noise. When Ross calls a stock, I check the chart myself first. I've seen too many beginners jump into a trade because 'Ross said it'. Always verify. Use the chat room to confirm your own analysis, not to replace it.
My Step-by-Step Routine Using Warrior Trading
Here's exactly what I do from 6:30 AM to 12:00 PM EST (adjust for your timezone):
Pre-Market Prep (6:30-7:00)
First, I review overnight news and futures. Then I open the Warrior Trading scanner and apply my preset. I note down stocks with unusual volume or big gaps. I also check the 'Hot Stocks' list in the chat room. I look for catalysts: earnings, FDA approvals, or sector movements.
First Hour (7:00-8:00)
The first hour after market open is the most volatile. I focus on stocks that gapped and are holding their pre-market range. I look for a break above pre-market high with strong volume. If I see it, I enter with a limit order a few cents above the high. My stop is usually below the VWAP of the first 5-minute candle. I aim for a 2:1 risk-reward.
Mid-Morning (8:00-10:00)
By now, the initial momentum fades. I shift to reversal patterns. For example, if a stock spikes up then pulls back to the VWAP on declining volume, I might buy the bounce. One of my best trades came from a stock that gapped up, sold off to the VWAP, then consolidated. I bought at VWAP with a stop below the consolidation low. It ran 15% in 20 minutes.
Late Morning (10:00-12:00)
Volume drops, but small-cap stocks can still provide opportunities. I look for flags and pennants. I set alerts for stocks that are above the 9 EMA and have relative volume above 1.5. If the chat room mentions a stock I'm watching with a catalyst, I pay extra attention.
Common Mistakes Beginners Make (From Someone Who Made Them All)
I've been through the wringer. Here are the pitfalls that cost me real money:
- Overtrading after a win: After scoring a 10% gain, I'd get cocky and take stupid trades. Now I stick to my max daily loss and gain limits.
- Ignoring the tape: The scanner shows a beautiful breakout, but the time & sales show huge sells at the ask. I learned to watch the tape before entering.
- Setting stops too tight: I used to place stops just under the breakout point, only to get shaken out. Now I give at least a few cents buffer, using the low of the breakout candle.
- Not sizing down in choppy markets: Some days the market just doesn't cooperate. I halve my share size when the VIX is low or when we're in a range-bound session.
Key Indicators and Patterns I Rely On
Warrior Trading emphasizes price action and volume. I keep my charts simple. Here's my go-to setup:
- 9 EMA and 20 EMA: I use these to gauge trend. Price above both EMAs is bullish. I look for a cross or a pullback to the 9 EMA on a 5-minute chart.
- VWAP: My anchor. If a stock is above VWAP, it's strong. Buying near VWAP with volume confirmation is a high-probability entry.
- Volume: I check the volume bars. A breakout on volume spike is genuine. If volume is below average, I skip.
- Relative Volume: Already mentioned. It filters out dead stocks.
Here's a table summarizing the patterns I trade most often:
| Pattern | Entry Trigger | Stop Loss | Target |
|---|---|---|---|
| Breakout (gap up and hold) | Price above pre-market high with volume | Below pre-market low | 2x risk |
| VWAP Bounce | Price touches VWAP and reverses with volume | Below recent swing low | Previous high |
| Bull Flag | Consolidation after a sharp move, volume declining | Below flag low | Flag height projected |
| Reversal (V-bottom) | Sharp selloff followed by a single candle reversal on high volume | Below the reversal candle low | 50% of the selloff |
FAQ – Warrior Trading Day Trading Questions
That's the framework I've built after months of trial and error. Warrior Trading gave me the tools, but the discipline came from my own mistakes. If you're just starting, focus on one pattern at a time. Master it before adding another. And always respect risk. Good luck.