Usually come on it's quarter of 11. uh, but i thought i'd come on because our new year's eve sales are ending, and i want to let you guys know that this is your uh last chance to use those coupon codes. So i put the link right in the description of this video. I will um i'll, pin it to the comments as well.

Let's see um and by the way, those getting tuned in just let me know if you can hear me and see me. Okay - let's see so i'm gon na put um, hey hey! How are you hey, michael hi wayne, great hey, good, to see you guys thank you for tuning in so um yeah. I think that link is right there in the description, so you guys can see it. So um the so there's a question there about small count challenges.

So i had said that if we crossed over a million subscribers by the end of this year, uh well by the end of last year, 12 31 - that i would do a small account challenge. Starting today we're at 950 000 subscribers, so we came up a little short, and so my thought is that i'll do a small account challenge when we cross a million subscribers. However, i know that new year new, you there's probably a lot of people, thinking about small account challenges and just starting a new year and trading in general. So i actually, when i started trading, i did it as part of a new year's resolution which um in my 20s, committing to getting up before the opening bell by itself was like a challenge.

You know i mean i mean if you're in your early 20s, you or mid-20s. You know how that is so um. I was not in routine of waking up at 8am. I was a night owl.

I was staying up super late and waking up late, so i started that new year and i was like you know what i need to do something differently and um. You know it's kind of interesting because there were there were a few very um key moments. In my life that i've talked about all the time that sort of guided me to where i am today, both as a trader and as a teacher, so not to give you the whole story but um sort of a tangent, but so to answer your question. Small account challenges, yes, uh.

What i'm going to do is i'm going to host a workshop on thursday, i'm going to do a free workshop for you guys and in that workshop i'm going to teach chapter 16 from the warrior pro class. So chapter 16 is a small account chapter and it's where i share with you the strategy that i used for my last three small account challenges and i'll share with you um. Basically, the approach that i took there's obviously no guarantee that's going to work for you. I'm going to put, i don't, have my disclaimer, because i'm on mobile but i'll just give you the disclaimer here trading is risky.

Most beginner traders lose money in case you don't already know. My results are not typical. We don't track the typical result of our students. So we're not going to say that our students are any more or less more or less likely to succeed than a typical trader trading is risky.

That's the way it is so don't trade money you can't afford to lose with that said, um. The strategy that i used for my small account challenge was one trade a day and the last one i did was in july, and it was pretty good. I chose not to use leverage on that challenge and that was requested by people that were watching. You know both well, not really in the chat room but more on youtube, so anyways youtube said: don't use uh leverage, so i was like all right.

I won't use leverage so that small account challenge. I started in july and finished in early september and turned about four thousand dollars. I grew it uh to about 30 000 and then donated the 25 000 in profit, so that was um. That was what i said.

I would do and when i did that it put me over one million dollars in charitable donations, which i thought was uh pretty cool. So i kind of wanted to cross that big milestone as part of a the end of a small account challenge, which was a fun way to do it so anyways um yeah, and so i was using a broker that doesn't enforce the pdt minimum um, depending on Where you're located u.s traders using u.s brokers, we do have the pdt minimum and that's what most traders are going to use. So i understand that that uh is going to slow you down if you're using a cash account, you could trade with 50 of the balance. Every other day, which is what i did with tdm airtrade when i did a cash account there at one point, but basically the approach is one trade a day, and so what i did today was, i was very, very clear.

With students i said we just did trader rehab, which was a fantastic class on friday, so we did, we did trader rehab on friday. It was a six hour long course that i taught live. It's recorded it's now in our learning management software, so you can stream it today right now you could be streaming it if you're a warrior pro student, so trader rehab was friday monday morning 8 a.m. We had a trader rehab sink, and i said my goal today is to find one trade.

I'm gon na pretend like this. I'm just gon na take one trade today, so i'm gon na look for one really good trade, and i got one really good trade on immx, and that was the one trade that i would have done. If um, i had a small account challenge. If the.

If this was a small account challenge day now, obviously it um wasn't so after that one trade i was like okay, that's the one trade that would have been small account challenge. Now i'm going to keep trading for the rest of the day and i was really. I was really happy to see a lot of students who traded imm x and who did well on it at 9, 15. 9.

30 they're like okay, i'm leaving i'm done for the day, and i'm a big advocate of that, because the problem you that many of us run into isn't necessarily an inability making some money. It's that we lose more than we make. You know we have two steps forward and then three steps back so over trading and that's why one trade a day, especially with a small account, is so important because with small accounts you can burn uh commissions and even if you don't have commissions, you can just Expose yourself to unnecessary risk, false breakout, and there were some pretty big, false breakouts that i saw today. So i you know i finished today green.

I had my first trade, which was sort of the small account challenge trade and then i traded for the rest of the the morning and and did well so the plan tomorrow and for the rest of this week. 7 30 a.m. We're gon na have uh trader rehab, 7 30 meditation, get focused, get centered and then get ready to strike to tackle the market. It's that's.

Why warrior trading? That's the name day. Trade warrior you've got it it's going into battle every single day when you're going against the market, so i'm gon na go into battle tomorrow. Um start the meditation at 7 30 around 8 a.m, we'll be sitting down watching us see what's moving, and hopefully we see some good gappers. We get some good opportunities between 8 a.m and 9 30 opening bell, then, between 9 30 and 10 30.

The first hour of trading we'll see whether or not we get more opportunities but uh in any case so um, although so - and it's not really, it wasn't really a small account focus, i suppose, as much as a trader. Rehab focus because i know we've got students that are part of the trader rehab program. Those are students that are really working super hard to try to exercise that muscle discipline to follow the rules and stay focused. So this week, i'm not doing the morning show.

I'm only doing i'm only doing um content for our students, because we have so many students that have joined us and we're doing this uh trader rehab program for the whole month of uh january. So i'm i may not do morning shows for the month of january, but um i will i'll keep you posted. I did a recap today. I'll do a recap tomorrow, i'll do recaps every day this week of how i do for the first week here of uh of the new month.

But my focus right now is on um, giving a really good experience to um my students and um uh. You know trying to get them off to a sort of really good start of the year. You know that's one of the things that is important. You know it's a new year.

You want to try to get off to a good start. You want to make sure you're disciplined, and i want to kind of keep my head down hit some good trades get green. Don't try to do anything crazy, not trying to set any big records here for the month of january. Just get green and you know lock up the first month, so that's kind of what i'm focusing on right now and as much as i can help um students pointing them in the right direction in terms of adopting a mindset of calm cool collected.

Take it slow, be patient, look for that one good trade a day, because you know i mean that's the thing whether you're trading with the big account or a small account. If your accuracy is struggling or you're having a problem giving back profit, then that's where one trade a day really does um come into play. It's something you should really consider so um, i'm not gon na. Do it myself right now, because i'm not i'm not in a trader rehab program, but the first trade of the day is i'm going to be, and this is going to be a little tricky because sometimes my first trade, i mean you generally speaking, the first trade.

I want it to be a pretty solid trade, because you know i'm breaking the ice. It's the first trade. I want to make sure it's a good one. I'm hoping it'll be a winner, you know so on and so forth.

However, um sometimes you know that first trade is like a micro pullback on a parabolic stock. That's ripping up on news and i only get small size fill or sometimes it's a quick dip entry. You know, after a break of a whole dollar and i'm buying the dip off support, so sometimes those are kind of starter, um, smaller trades and those would not be trades. I'd be taking as like the one trade if i was in a small account challenge.

So i guess we'll kind of see how the month um or at least how the rest of this week plays out um. Hopefully we'll see some good continued good opportunities on the gap scanners and then we can kind of go from there and then yeah this thursday. I'm going to teach a workshop um, which is going to be small account strategy so for those that i know are looking forward to me doing a small account here in january - that's not happening, but i will do this free class for you guys i'll share with You the strategy that i've used for the last three small account challenges that i've done and i'll give you some uh pdf handouts that you guys can have and i'll i'll give you the link where you can uh register to that workshop, probably sometime tomorrow, but uh Plan that'll be thursday afternoon, probably around one o'clock, so that's coming up this week and yeah um so that that's kind of where we're at here and and yeah um wrapping up our new year's eve holiday sales. So those you guys that do want to check out the class and want to be part of the curriculum part of the program.

I would love to have you join um. We are doing 40 off for the year right now and you get a 14 day money back guarantee. So that means you can trade side by side with me for the next 14 days, you can go through a good section of the classes. You can get a sense of whether or not this is a good fit for you, whether or not you like it, and if you love it then that's awesome, we'll be here for you for the whole year and if you don't like it, then that's okay, too, And you can, you know, jump out and do your own thing do do what's right by you.

You know some one of the things i often say is um. You know i don't know why everyone doesn't offer a 14-day money-back guarantee in this space that we're in but um, but most people don't - and you know i i've sort of always thought it's, because they know that their product isn't that great and they'll have too many People asking for a refund - and so you know we feel really good about our product and we're happy to do the 14-day money-back guarantee we do. We will pay your some costs for every student. That's part of the class for 14 days.

There's costs that we have to pay for that. So you know we'll take a loss on people that do ask for the refund, but we know that the majority will stick with it and if it's the 14-day money-back guarantee that makes you say you know what let me give this a try for the next two Weeks, what else do i have going on then we're happy for that, and we want to make it easy for you to take the leap and check it out so and by the way, thank you for folks hitting the thumbs up. I really do appreciate it. Coming on here, a little later in the evening, um kind of a well, it's always sort of a long night when you have, when you have kids getting kids settled down and getting um getting the house cleaned up a little bit uh.

So what platform am i using for trading? So i'm using a us broker, so i'm using lightspeed as my broker and i've been trading there for quite a long time. I've been really happy with them. They do still charge commissions, so we have commissions uh for traders at lightspeed and we have our ecn fees, our direct access, routing fees. So you know you have to weigh the pros and cons of that, but um for right.

Now i've i've evaluated free commission brokers and i haven't felt that they were quick enough for me. So i'm continuing to pay the commission and it ends up being about 10 of my total profits that go to commissions. So you know that's not insignificant. At the same time, i've been able to justify, especially on some of the days where i've really crushed it and where i've taken big share size.

I haven't um when i've tried to trade like that with td ameritrade. That platform hasn't been able to keep up with how aggressively i want to trade it. So i sort of figure that the commissions are just the part of doing business and it's it's a platform that a lot of institutional traders use um traders at prop firms use lightspeed. Also so it's uh, it's a well-known software.

It's very quick, it's good, but um. I you know to each their own and i don't like interactive brokers, and i don't like e-trade anymore. Neither of those are our brokers that i would use. Uh td ameritrade is okay and we do have a lot.

I know a lot of traders that are there and really like it. So you know it's a different workflow. You know. If you're there, you recognize that it's a different workflow than using um, maybe lightspeed or you know sterling or das, or something like that.

But you get used to it and uh free commissions make it pretty appealing and so there's a lot of people that do really like it and you know if it works for them. You know, don't change a thing, that's kind of my my opinion on it. So let's see um, yeah and cmeg, that's an international broker. I wasn't specifically talking about them, but um yeah.

I mean the thing with all international brokers. There's you know if you're with a broker? That's not in the u.s. You don't have the fdic deposit insurance. So you just have to be mindful of that risk.

There there's a little bit more risk with offshore brokers, but many of us have used them at various times because they won't enforce the pdt rule. So some traders really like that yeah people say good things about trade, zero, cmeg, there's others, i'm not familiar with all of them, uh so uh. You know, but there's there's a number of them. So let's see um yeah so that that's about it.

I just wanted to come on here and give you guys that nudge to join us before our new year's sales come to an end. So i hope you guys do use the coupon code. You'll save 40 you'll get a 14 day. Money back guarantee you'll be able to go through the classes and um we'd love to have you in the program.

So i hope to see you guys in the chat room. I will be streaming for chat room only students tomorrow morning, uh, probably starting around 8 am and we'll be looking for some momentum. Hopefully we find something, and i can have a nice second day of 2022 and i will do a recap. I'll, probably do it live tomorrow or whatever around 11 or something 10 30.

11. Something like that, so i'll come on um and uh. Give you guys the recap of how i finished the morning, i'm gon na try to just you know. If there's nothing that looks good, i won't take any trades it's early in the year.

I don't have a cushion, i'm not. Will i'm not interested in taking a lot of um. You know taking a lot of risk at this point. I you know, i don't think anyone probably should be at this point in the year, so taking it slow, get in, try to get green tomorrow and then um, you know, do the recap and try to do that for um.

You know for a good stretch. I mean whatever it is. You know three weeks just try to build a cushion on the year. I think that that's a that's a good way to start all right, so uh.

I will see you guys uh for the recap tomorrow. When i'm doing the recap i'll, let you know about the free class, i'm going to teach later this week specific to small accounts, that's an excerpt from chapter 16., so those you guys that join you'll be able to go and watch that class uh tonight. If you want to jump right to chapter 16 and and check it out all right, so with that i'll let you go, i hope you have a great night and i'll see you first thing. Well i'll see, students first thing tomorrow morning and um, everyone else on youtube i'll, see you guys for the recap: around 10, 30.

11.. All right see you guys.