This Warrior Trading review will review the pros and cons of their trading company and its owner, Ross Cameron. We will break down their courses, simulator, chat room, and pricing. We will also talk about the results of the Warrior Trading lawsuit with the Federal Trade Commission (FTC).
Warrior Trading is one of the industry’s most well-known companies, and Ross is one of the most famous traders. So, let’s get into it.
Table of Contents
Warrior Trading (Ross Cameron) Review Introduction
Warrior Trading is arguably the industry’s most well-known day trading service. They are based in Great Barrington, Mass. Ross Cameron is the owner and arguably one of the industry’s top two famous penny stock traders: he and Tim Sykes.
Tim was pretty much the godfather of trading sub-1.00 penny stocks. These stocks are called OTC or pink sheet stocks and are among the riskiest to trade. However, they can be extremely profitable even when making small price moves since traders can buy large share positions for low capital. Tim still trades OTC stocks but also trades stocks between sub-$1.00 and the $10 range.
Ross Cameron Day trades penny stocks between the $3-$20 range. These stocks are known as small-cap stocks. They typically trade on major exchanges. Ross doesn’t usually trade OTC or pink sheet stocks. The stocks he trades are typically low-float (under 20 million) and have higher volatility, which means higher risk but also higher reward. To become a day trader, you must become used to volatility or drastic price moves in penny stocks intraday.
Ross Cameron Day Trader
Ross Cameron is a day trader who enters and exits trades within the same day or intraday. His typical trades last from several seconds to a few minutes. Ross is mostly known for being a scalp trader, which means he quickly enters and exits trades.
He uses hotkeys and a high execution broker like LightSpeed to enter and exit trades. Scalping can be a very lucrative day trading strategy, but it’s not for the faint of heart. However, if you want to be a day trader, this comes with the territory.
Ross Cameron Warrior Trading Strategy
Warrior Trading Scanner Review
Ross Cameron finds stocks to trade daily using Warrior Trading’s momentum scanner. He builds a watchlist of the top 3-5 highest-gapping stocks during the premarket. He filters these small-cap stocks by float, volume, and news catalyst.
These are important criteria to look for when day trading stocks because day traders are hunters of volatility. They use their trading accounts as leverage to capitalize on small moves in a stock.
Warrior Trading’s scanner is similar to other scanners, such as Trade Ideas, but it’s included in their Day Trade Dash membership plan. This is a benefit because you won’t have to pay for another scanner on top of Warrior Trading’s membership fees.
Their momentum scanner is also on par with other top scanners in the industry. Just check other Warrior Trading reviews and see their positive ratings.
Warrior Trading FTC Lawsuit Review
The Federal Trade Commission (FTC) investigated Warrior Trading and Ross Cameron for misleading consumers with false advertisement promises. As a result of the FTC’s case on April 19, 2022, Warrior Trading and Ross Cameron had to pay $3 million to refund customers.
They were also “prohibited from making baseless claims about the potential for consumers to earn money using their trading strategies.” Atlas Trading also had a similar lawsuit recently.
Does being investigated and fined $3 million by the FTC make Warrior Trading and Ross Cameron a scam? That’s up to their members to decide. We aren’t the ones to disagree with the FTC. However, our opinion might surprise you. Read more below in our Warrior Trading review.
Mirror Trading and Pump and Dumpers
There’s a concept in the day trading world called mirror trading. The more negative term is called pumping and dumping. When someone mirrors another trader, they are typically trying to learn their strategy, which could help them with their strategy.
Think of this as looking over another trader’s shoulders. This concept sounds good, but it sets traders up to fail. You might be surprised that I will not blame the instructor or trading guru for the new trader’s failure. I’m blaming the new trader.
Let’s be honest and call things like they are. Most people are lazy at their core and aren’t willing to put in the work it takes to succeed in their careers or professions. That’s why there’s the 5% vs the 95% in this world. 95% of people aren’t willing to do what it takes to be in the 5%. This same concept holds in the trading industry.
We want to be clear that we don’t condone pumping, dumping, or anything that goes against FTC rules and regulations. We weren’t in the courtroom for the Warrior Trading lawsuit, so we don’t know what happened. This is just our opinion from the outside looking in.
Pump and Dump Example
Pump and dumping is a well-known concept in the day trading industry. It’s when a trading guru buys large share positions of a low-float penny stock and calls out the trade to their chat room members. They don’t necessarily tell their members to buy, but new traders typically like to follow the herd.
So, the chat room members follow the guru into the trade, often buying at the top of the parabolic move. Then the trading guru sells, and their members often end up bag-holding. The edge always goes to the trading guru because they always get in and out of the trade before their members.
Here’s an example of how pumping and dumping works:
- Trading guru buys 20,000 shares of XYZ stock at $3.00 per share, for a total of $60,000
- XYZ stock moves up $0.20 in one minute
- Trading guru sells their position
- Profit = 20,000 shares X $0.20 = $4,000
COURSE |  |  |  |
|---|---|---|---|
| DESCRIPTION | Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action | Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading | How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading |
| INCLUDED | Daily watch lists • Trade rooms • Trading scanners • Discord • Live streaming Day Trading > | Daily watch lists • Trade rooms • Options scanners • Discord • Live streaming Options > | Futures target levels • Trade rooms • Real time teaching • Discord • Live streaming Futures > |
Does Ross Cameron Pump and Dump?
According to the FTC’s complaint, “the vast majority of customers lost money trading—in some cases thousands of dollars—on top of the thousands they paid Warrior Trading.”
Ross Cameron does enter and exit trades before his chat room members, but is it his fault that many Warrior Trading members copy his trades and lose money? Shouldn’t they be responsible for mindlessly following his trades without knowing how to trade?
If someone has a gambling addiction and goes to the casino and loses all their money playing the slots or blackjack, then is it the casino’s fault or the gamblers? Many traders are gamblers and follow the same behaviors when trading. Then, they look for any excuse to blame others for their losses. It’s sort of like MLM companies. If you don’t make money as an Amway distributor, is it your upline Diamond’s fault?
Ross Cameron - Warrior Trading YouTube
Here’s where it seems Ross Cameron received the Warrior Trading lawsuit from the FTC. In the past, he would post thumbnails on his YouTube recaps showing his large verified trading gains for the day. This might give the impression that his followers could make these same gains, too. The problem is that most day traders don’t have large brokerage accounts and don’t know how to trade.
Should Ross be blamed for these traders’ failure? His trading gains were legitimate and verified. Was he intentionally pumping and dumping stocks on his chat room members? Again, we have no clue what the FTC Warrior Trading lawsuit uncovered. I’ve watched many of Ross Cameron’s Warrior Trading videos and never heard him tell anyone to buy or sell any stocks he was trading.
Ross provides a lot of solid content to his YouTube subscribers. His recaps break down his trades that day and review his wins and losses. Traders can learn a lot by watching the videos on Warrior Trading’s YouTube channel.
How Much Does Warrior Trading Cost? (Pricing Review)
Warrior Trading offers four membership plans: Day Trade Dash, $197/month; Warrior Starter, $797 one-time; Warrior Pro, $2,997 one-time; and Pro Special, $3,997 one-time.
View current Warrior Trading membership pricing here.
Warrior Trading Courses Review
Pros and Cons
- Comprehensive courses
- Ross Cameron is an experienced day trader
- Ross is an easy-to-understand and relatable teacher
- Structured trading plans for members
- Solid customer support
- High-priced courses and membership levels
- Minimal focus on long-term trading strategies
- Need over $25,000 to follow Warrior Trading’s strategy effectively
Final Thoughts: Warrior Trading and Ross Cameron Review
Frequently Asked Questions
Warrior Trading is a legitimate trading service but was recently investigated by the FTC. On January 10, 2023, the Federal Trade Commission sent $2.9 million in payments to 20,402 previous members who paid thousands for their membership programs.
The Warrior Trading Simulator (WT Sim) is based on the Sterling Trading software and is real-time. Several live brokers use this software.
Ross Cameron, a full-time day trader, owns Warrior Trading. He is known for turning a $583.15 trading account into over $10 million verified profits.
Ross Cameron currently uses the LightSpeed Trader platform for day trading. He also uses Day Trade Dash Charts and Day Trade Dash Scanners for trading tools.
Ross Cameron has trading profits of around $4 million to $10 million. He's the owner of Warrior Trading, which is a trading education service.
