How do you teach the seemingly uneducated? That’s a question Warrior Trading’s Ross Cameron has asked himself time and time again. A very successful day trader himself, ten years ago Cameron found a passion in his own right to pass on his knowledge – to share his passion for chasing the markets. Here’s what led Ross Cameron to teach trading and how he teaches aspiring traders.
“I really enjoy teaching,” Cameron said in an interview earlier this year. “You could say teaching is in my blood.”
After all, Ross Cameron is the third generation in his family to teach. His grandparents, parents and even his aunt and uncle worked at the school.
“It comes naturally to me,” Cameron said.
A warrior’s trade begins with anatomy
The way to teach trading is to try to make the concepts very easy to understand. At first, he focuses on simple concepts, for example: What is a stock? What are the characteristics of share price trading? What should a price chart look like?
“I start by laying a very simple foundation and trying to keep it simple. The idea is that as people start getting interested and invested in learning more, they start filling in all kinds of details around these simple core concepts — but the concepts themselves are simple,” says Warrior Trading’s Cameron.
Ross Cameron began talking to his students about the imbalance between supply and demand for stocks. It explains what creates interest – for example, breaking news about a company.
“Then I start introducing the role of emotions in trading – fear, greed, excitement, things like that,” Cameron said, often explaining that FOMO – fear of missing out – can create interest in stocks, on the supply side. The equation is the number of shares available for trading. “So we can see these periods of extreme imbalance between supply and demand. That’s flexibility. And flexibility is an opportunity. Learning to trade begins with understanding the nature of those moments of opportunity.
Once students understand the anatomy of stocks and trading periods, Ross Cameron begins discussing where and when to buy and sell and how to manage risk.
“Teaching the business starts with being very simple, because you have to be able to make it understandable to the student,” Cameron explained.
In the next step, Cameron covers some of the more subtle – but incredibly important – aspects of “tape reading” (the ability to see price movements without checking them on a chart).
“These skills help new traders understand the flow of the market.”
Ross Cameron admits that he is the type of person who learned to put things together and put his foot in it Business pool.
“I give my students the opportunity to trade in the simulator, so they can start practicing right away,” he says. crazy things”
“A business simulator is a tool for students to use and experiment with. It’s a safe place to practice some of the art and science of trading and apply some of the things you’ve learned in class,” said Warrior Trading’s Cameron.
Ross Cameron explains what it takes to be a successful day trader.
To be successful, it’s important to know the market and understand the basics of marketing, Cameron said.
“It’s a shame to say, but not everyone can learn the concepts of trading,” he said. “Of course there are some complex things to understand. You need basic intelligence and skills even to begin with. You don’t have to be a college graduate, but you have to be a critical thinker. You have to be a bit of a problem solver.”
Commercials, Cameron said, are the perfect place to help people understand that they have what it takes – without losing their shirts.
Cameron traders often have a more independent personality than the average person. Usually, they are people who like to solve puzzles.
“Marketing is a bit of a mystery,” Cameron said.
There is also an emotional tendency – business psychology.
“It’s the biggest challenge for every trader, including myself,” says Warrior Trading’s Cameron. “You can read all the textbooks on trading, and then find yourself in the heat of the moment, throwing it all out the window and making emotional decisions. You may be telling yourself you’re making decisions based on knowledge and experience, but you may actually be trading based on emotional reactions—for example— You’ve recently experienced a loss, disappointment, or anger, and it can suddenly start to snowball.
Teaching trading means teaching introspection, says Ross Cameron
Helping people learn about themselves, she says, is part of teaching business.
“One of the things that people don’t expect is that trading forces you to look at yourself in the mirror—to understand your self-discipline, discipline, and develop a sense of self-awareness about dealing with yourself every day,” Cameron said. “Am I good at trading today? Am I really peaking today? Am I registered with the market? Will the market benefit me today? Does it fit with my trading strategies? These are the questions you should ask yourself at the beginning of every day you sit down to shop.”
And that’s what Ross Cameron himself does every day.
“When I sit down in the morning, I ask myself: have you eaten well? Did you sleep well? Do you have two favorite stocks? And if they do, how is the overall market doing? was it hot Was it weak? “
For example, we are in a bear market right now.
“We’ve been in a bear market for over a year, and I still managed to have a good year last year. But it was really because I bought myself completely and reduced myself to trading the market I found, not the market I wanted to trade in,” said Warrior Trading’s Cameron. “We all want to hit home runs that make us a lot of money every day. But that is not the reality. So you can choose to accept the current reality or choose to fight it. And those who fight him will dig themselves into great pits.
Ross Cameron admits that teaching these concepts can be difficult.
“But it’s really exciting when you see your students doing well,” he said. “And that’s why I love teaching business.”