What's up everyone? All right? Well here we are second-to-last day of 2019 and I can't say I blew up my account again today. you know I did on Friday No doubt about it, it made $19,000 on Friday with a $19,000 balance in the account out of control. So this morning I came in with over 38,000 dollars in my account and so to have a blow up it would have had to make 38,000 We've had to double the account in one day. You can come anywhere close.

I'm up 15 grand $15,000 So that means this small account tomorrow is gonna be over $50,000 half way to a hundred grand. and that's in 16 days of trading. 16 trading days. Now today is the first day that I came really close to hitting my max loss I had to read trades in a row and I was down over $2,500 And off those lows I turned around and started moving back up I had one good trade and it cut my loss in half.

So I was down about 1200 on the day I had another trade and that put me too green on the day. A couple more now. I started to build a cushion and then I had one big trade on an IPO stock. Very unusual but got into an IPO stock and made $10,000 in the first breakout as a squeeze from Seven eight nine ten.

He had a high of eleven dollars and I walked away with fifteen thousand dollars. Profit: Awesome start to the week. Alright now obviously tomorrow's the last day of 2019. It's the last day of the decade, last day of the year.

and I'll try to get as much as I can and just finish this year with hopefully one more. Green Day All right as always questions Comments: leave them right down below. If you guys have not already gotten my Christmas gift, I'll have a link right in the description. Also pin until comments of my Christmas and New Year's gift to you guys which is a copy my book.

How did a trade? Alright now what? I ended up doing? Some of you guys tuned in yesterday I challenged myself to see if I could start a fire with no paper and only one match and if I would successfully have done it I agreed that I would give everyone that had downloaded the copy of the book. Also a free video lesson from the warrior Pro classes of course I did it I lit the fire and then I did it with one match and no paper and so if you click that link below, you're gonna copy the book and a free video lesson for the warrior Pro classes. Alright, so enjoy that and I will see you guys as always. First thing tomorrow morning.

Alright you guys! So um, well this is where things stand right now. I'm done for the day up. Fifteen thousand dollars, you know I I Thought today was gonna be a red day I Really did And we're gonna start from the beginning of the day. The two stocks that were on my watch list this morning Sv Ra and SL GL I made 500 on Spra and I lost almost three thousand on SL GL which put me at about 940 over two thousand.

Five hundred dollars on the day and I was like guys, I'm getting real close to my max loss, right? this is this is not looking good. So this has been the first day that I I was read before I started to go green in quite a while and I'm just gonna put my metrics up here for the month of this is the month of December So Friday obviously kind of creates a little bit of a blowout. I was read on my second day I lost like 20 bucks and then I was read on the 12th of December I lost three hundred forty eight dollars. So that was the last time that I had a red day.

So I've had a green streak now 1, 2, 3, 4, 5, 6, 7, 8 green days in a row. But then today I started by going into the red. so let's look at the gap scanner from this morning. kind of.

Talk about those first few trades and talk about why even after being down over $2,500 I decided to keep trading instead of walk away. Now that was a turnaround of over $17,000 From the low to my high, that's a huge turnaround I mean it's it really is. You know, quite something. So in many other traders, even me on another day might have walked away down 2,500 and said, you know what I'm throwing in the towel I'll live to trade another day.

But today I kept trading. So why was that? Well, let's start by looking at the Gap scanner. So I've got my Gap scan here I'm gonna do historical date and time run the scan for 9:20 A.m. So at 9:20 A.m.

the two stocks that were on top of the Gap scanner SVR a and SL GL Now SVR A was up a hundred and thirty-eight percent. which is I mean that's that's a pretty impressive gap. So this thing was really gapping up big-time and I was looking at it on the daily chart is potentially having quite a bit of room. This is a, you know, another one of these biotech kind of pharmaceutical companies.

It has a breakthrough therapy designation from the FDA which is great. Pre market it had already squeezed from 2 to 250. It pulled back for a moment at 250 and then ripped up to 3, pulled back at 350, popped up, pulled back again and then ripped up to 4 dollars and 30 cents. Pre market high was for 30.

The bell rings and my bias on this was I Want to get long? Let me switch this to one-minute chart I Want to get long on a break over the pre market high of 430 So those of you guys watching on YouTube and in the chat room, you're able to see my chart. So this is our pre market high right here. at 4:30 the bell rang I jumped in right here. it squeezed up to a high of 487 but I didn't take big share size and so on that breakout I made only 506 dollars I wasn't I was a little cautious on it because the float is 34 million shares and already had almost 6 million shares of volume pre market so it's pretty crowded.

However, when we look at the 5 minute chart and now I'll just flip this to the daily chart. What you'll notice is that this stock had a lot of room up until 1037 and that's called gap fill. So this day back here in June the stock dropped from 1037 to a low the next day of 2 dollars and 55 cents. So now crease that big window on the chart as it starts to curl back up.

That's where I saw this opportunity so you know whatever took a trade on that made 500 bucks and but it didn't really work out as well as I hoped and as you can see it ended up coming back down to 424 10 and then flushing here on this break on high volume and from there it's just gone downhill. So that was disappointing. SLG l was the second stock I was watching and this one. I'll say that I might have had a little bit of a bias on it for two reasons: Number one, the stock at all-time highs.

Number two: the last few times I've traded a stock in this price range I've done really well. like LM Px right an ITC I and so I thought okay, this is another biotech type of stock. Its gapping up over a hundred percent with a four point seven nine million share float. It's got a news catalyst I'm liking this thing for a break over 20 and a rip here up through 22 and then 23 24 and then the pre-market high was 26 and that's all-time highs.

So I stepped up to the plate on this one I did get pretty aggressive I jumped into it with 3000 shares right here. Alright so and let me pull up this this trade for you real quick. Alright, so it was. Let's where's this I think I have it here.

Let me just double check. Yeah, all right, so let's see. So let me just jump forward to this. Alright, so I've got my profit there on Svr A and now what we're looking at here is SL GL All right, so let me just move this a little bit further forward.

so SL GL kind of going sideways. whatever. So it starts to rip up right here. All of a sudden I see it starting to rip up and I punch the order and to me with all that green, it looked like it was about to break over $20 Now my thinking on it was that if this thing breaks 20, it'll rip up to $21 right here and then we're gonna go right to 22, 23, 24 and I'm gonna be selling this thing up here around 24, 25, 26.

So my back of my target was making two to three dollars per share. All right. So I'm in it I jump in and it doesn't break over I add there for the break of 20 but doesn't break over 20 and now you can see there's a pretty large spread. I took the trade in my big account as well I got in my big account for the break of 20.

You can see there's the seller at 20 it goes 2001 20, 30 Okay, we're going in the right direction. This is looking good obviously. I'm in with pretty big share size but LM Px and several others like it I've traded and done quite well on so I was thinking you know I'm gonna step up to the plate on this and I think I'll be able to do okay on. Alright so um, it rips up here and then I started to get you know, a little bit nervous I put an order out to take a little profit that order does not fill at all I'm nervous because the spread at this very moment is a full dollar per share.

meaning if I sell on the ask I'm up 50 cents and if I sell on the bid, I'm down 50 cents. so I need to get out in between the spread I'm not able to get out of any of the order and so I'm kind of holding it through this pullback and I'm like alright, this isn't ideal and then I'm gonna end up hitting the bid. let's see it'll be and you can see the slippage when I do hit the bid I kind of hold through this pullback I'm like alright, well I'm in it now. end up holding it for a little while and then right there look at that drop.

oh God that this is the this is the stuff that nightmares are made of for for day traders. Okay, so 880 I see the red and I'm like alright I gotta bail I hit the bailout button at 879 I only get a partial fill I have to press it again and then I press it again and I'm out at 8:56 All right. So I eat the loss. it drops here.

As you can see, it's gonna drop down all the way to 1650 goes to 1525 and in fact, the stock really never recovered. So that was a really disappointing way to start the day. And at that point, you know I'm Well, you can see in my account I'm down after I lock up that trade. let's see what is it 2600 Alright, so I'm down 2,600 bucks, you know I'm deep in the red and that this is the biggest red day by far that I've had in the small account and at that point I said okay, Well I have I've now taken two red trades in a row because I took the last trade on Svr a was a small red trade.

Granted it was a very small red trade and because at my peak, I'll just show you here. So I'm up five hundred six dollars and forty seven cents and I was up five hundred $7.47 So I'm not gonna. you know again like that's only a dollar but at the same time it's a loss. Rules are rules and I've said if I take three losses back-to-back I'm done trading and so at that point I had two losses back-to-back and I was thinking alright, well what's my max loss on the day? my max loss on Des is losing 10% of my account if I lose 10% of my account in one day, I'm done.

So that means my max loss is $3,800 Obviously, you don't grow an account from 500 to 50,000 without taking risk risking 10% of my account every single day is how I've been able to grow this account as quickly as I have you know and so I was within the I wasn't below my max loss I was down 2600. but I said and I said this out loud to say you know guys, it's not worth taking another trade from if the markets not high. I don't need to lose money just for the sake of losing money I don't need to hit my max loss just to say well I'm now I'm locked out of my account I'm only going to take a trade if I see something that looks good and so I kind of cooled off for for a few minutes and I took a breath and I said alright, you know, whatever I'm down twenty five hundred bucks Twenty six hundred. It's been a great.

It's been a great month, you know let's not have a blow-up day. Let's not do anything crazy. You don't need to be a hero and try to swing for a Hail Mary pass. let's just sit tight.

So I sat tight and this was around 9:40 or something like that and all of a sudden Pyx starts to pop up. Now what's interesting about Pyx is that it was a stock that I was watching on Friday and it had a really nice switch back to a five-minute chart. Had a really nice breakout on Friday on Friday the stock goes right here. I Said guys, keep this thing on watch.

It's consolidating right here. Over eight looks really good for a break over the high A day of eight twenty and it ended up doing a really nice breakout. Obviously it didn't hold that level, but then this morning it did a little red to green. That's the move that I thought SL GL was gonna do but SL GL did not.

this one did. It squeezes up and it gets halted at $8.95 and I said you know guys I can't as it squeezed up right there I was like I can't just jump into this right now, you know I I'm already read on the day by quite a bit I need to wait for for a good setup so it resumed from the halt. as you can see right here and it pops up from 90. It opens a little low and I said okay, if it breaks over 895, that's where I'm gonna get in 895 I put myself sorry 795 I put my order at 8:00 it breaks 795 No 895 895 it breaks 895 I press the Buy button and I get in.

it pops up to 9:15 All right I sell I think I had 2,000 shares I sold all but 500. It drops down here for a second. it then pops back up and over 14. I added back another 2,000 shares so I added back right here and it goes from 914 all the way up to 973.

So I made 1,500 bucks. Nice trading a micro pullback on a stock coming out of a hall so that was a really solid setup I Felt really good about that and that cut my loss. You know by you know, fifteen hundred dollars. So I went from being down 2600 to down only about eleven hundred dollars on the day.

So I'm moving in the right direction and I kind of thought. Okay, well you know, if that's all for today, then hey, at least I was able to, you know, take a little off the loss. Alright, so that was Pyx. Hit the scanner, got halted and squeezed higher.

That set the tone for the rest of the day. Next stock is quick cue you I K it hits the scanner I pull up the chart I look at it and what do I see? It's a recent reverse split right down here. We know reverse splits when they start to pop up, they often move really quickly. The 200 moving average is at $7 and so I Looked at that and thought this is a this is a long setup with a target of 7.

it squeezes up I jump in it as it's surging up this one. I was a little more aggressive on than Pyx, but I was more aggressive on it because Pyx worked so well and this is a very similar setup. So I took a start I then added on it. Going into the halt, it gets halted.

It resumes higher I add coming out of the halt and it squeezes up to a high of 662 on that trade. I'm one thousand nine hundred and twenty eight dollars and so just like that I went from being read on the day to be in green and I was like all right now we're seeing some momentum. Next stock to hit the scanner is seed. seed hits the scanner I do the same thing that I did on Pyx and quick I jumped into it I jumped into it with about a 10 cent stop.

You know, a pretty tight stop. It's kind of like jumping into something that's moving quickly. but I jumped in and that was right here. It hit five ninety five on that candle and then on this candle I got in as it broke over six.

It hit a high of six dollars and seventy cents I made a thousand dollars on that I Didn't take his big of share size because the volume was a little lighter and it didn't really give another opportunity. It kind of pulled back after that. I mean it sort of hold up for a little while, but in any case, you know this one may end up having potential tomorrow if it closes above six. So that was seed, then Si VA and this is one that I've traded a couple of times.

Let's see. I gotta just type this in here si and then VA there we go. All right. So Si VA I took a quick trade on this right here as I thought it was gonna break over seven and then retest hi a day it didn't but I made a hundred and fifty nine dollars on a small profit.

Okay, fine. so at that point right there I had gone from down twenty five hundred to down eleven hundred, then to up eleven hundred and then to up two thousand and two thousand two hundred dollars. So I was now up two thousand two hundred dollars and that's one MK d IP owed it was an IPO and Mkd the stock IPOs it hits a high of 690. Alright, so let's look at this and this is one of the most.

It's honestly a very unattractive chart at this point. it's it's kind of insane. But anyways, let's look at this for a second. So it I POS and as it breaks over the IPO high of seven which is kind of a one-minute opening range breakout I Jumped in for that squeeze I jumped in at seven and added at seven fifty into a circuit breaker halt 770, it resumes.

it dips down for a second, hits a high of 850, dips down and then right here I added I added as it surges up here to a high of 11 90 Now in this trade, let's break this down using a 10 second chart so you can see this in a little bit more detail. Alright, so let's zoom in here. right in here. Okay, so the stock squeezes up from 695 up to 7.

It hits a high of 849 and then drops here down to 775. So it dropped down and I got a little nervous there. No doubt about it, it pops back up here to 8:30 I'm taking profit out all right. So I'm easing my position I'm scaling out and I'm thinking, you know if it breaks back over 849 850 I'll get back in but right now I'm worried that if it breaks below 775, it's gonna flush back down and these ones are very volatile.

So I said, you know what I better just take a little profit. So I took some profit off the table and then I got back in right here. As it broke over 850, it hits a high of 862. It pulls back, it then squeezes up a 74 880 I'm adding as it's surging up and it gets halted at 9:34 It then resumes out of the halt, hits a high of 1034.

it drops down I take my profit and then as it surges back up I get in as it breaks over, the high of 1034 breaks over the high of 1034 right here and I add back and right here it surges all the way up to 11:28 11:28 and gets halted. It then resumes and hits a high of 1190. At this point I'm still holding 325 shares. It then drops and halts.

going down. it halts at 1017. It ends up being halted from 1122 until 11 47. So 25 minute long haul.

A Very A really long haul. 30 minute long. called actually. And then it resumes down here all the way at 750 six, which is one of the biggest drops I've seen on a stock of this price range.

I'm still holding 300 shares and so it resumed and right away I Added Three thousand shares. Added Three thousand shares right here. and as it squeezes from 780 to eight to eight, Thirty eight, Forty Eight Fifty-eight 67. I Took my profit.

so I lost on these three hundred. but then I made back on these three thousand enough to basically b-flat between the two traits. So that's the way sometimes goes and from here, it's just continued to sell off. Which is very surprising because IPO Stocks usually there are no shares available to borrow.

Usually insiders are not able to sell their shares on the open market, and so what you have is a very limited amount of selling and generally a pretty high amount of buying. In this case, what you see is that sellers were able to dominate the stock as it's actually coming lower than the initial IPO price and going to all-time lows. so there are more people selling than buy it. And that means clearly there are some shares available to borrow and to what extent insiders are able to sell shares? I'm not really sure.

It's definitely possible that someone was holding shares from early on and kind of thinking okay, I'm gonna hold this for a huge move and let's just see how far it goes and then when it halted going down, you know they decide to put out an order to sell maybe don't understand halts and we're like, why is my order not going through So now there's a big order at the market, a sell order, and now on resumption, The market has to match up by orders and as a recent IPO stock, there's not allowed to buy or sell orders and so it ends up gapping lower and then that obviously shakes out a lot of traders. So I'm disappointed. If this had ended up holding this $10 level I think that we would have had a really good chance of having a secondary move back up towards 12, 13, 14 and maybe even higher. and you refer back to LM Px an IPO stock from five all the way up to $45 So that was why I had a little more conviction in it and made more money because I was a little more aggressive on my share size.

ITC I Another kind of similar set up somewhat recent IPO and all of a sudden breaks out all time highs goes from 20 up to $43 so that's what I kind of thought might happen on this being in this in the right sector, but that didn't end up being the case. In any event, I was able to do well on it, getting in for breakouts, taking profit, getting back in, etcetera, etcetera. And this is a day where the accounts up, you know I guess 30 40 percent which is really solid account growth I mean I I Didn't think that I was gonna get this far in this challenge this quickly. My goal last week was that if I could turn 500 dollars into 25,000 by the end of the month, that that would be really awesome it would be.

You know I would have achieved. you know, getting enough money to open an account above the PDT level. and then all of a sudden in one day I went from 19,000 with a goal of making 6,000 by the end of well tomorrow to making 19,000 in one day. And just like that, my account was at 38 grand.

another big day today, 15,000 Now my account is gonna be at fifty to fifty Three thousand dollars. So I have one more day in the challenge tomorrow the last day of the month and at this point I am pretty content on making this just a one-month challenge. And you know, starting over in January I Don't think I'm gonna start on Thursday January 1st or January 2nd only because I don't really want to start an account on on a Thursday and I think I'll just I might trade in my regular account on Thursday and Friday and then trade in the Cmeg account starting Monday the 6th or something like that. But in any case, whatever I'm able to make tomorrow, we'll just add some icing to the cake and it's been a really, you know, a great hot streak.

Unfortunately, today in my large account I hit my max loss within my small account are both in my main large account and in my retirement account I hit my max loss on Pyx. in my main account I was down 1054 dollars. So I'm down at 1054 dollars and because of that I was not able to take any trades on Mkd in that account and you know my max losses says a thousand bucks. So if I'm down more than a thousand, I'm done for the day.

the retirement account I hit max loss on SL GL And so because those two accounts were locked up, I wasn't able to take any trades on Nkd. and it is disappointing because I do feel that if I had gone ahead and and taken trades on Mkd that I would have made money in my big account, you know? But whatever and you have to draw the line in the sand somewhere and the place that I've had that line has been at $1,000 max loss. So today I traded past $1,000 max loss in this account. but that's because I've been using a different risk measurement system.

If I used 10% my big account, I'd be risking a lot more every day. and I don't really want to do that in an account that large. so um, you know it's it is what it is. But in any case, despite feeling a little FOMO and a little disappointment that didn't do well over there I did well in a small account and and this really is the one that's been the focus.

Today's a good example of a day where the only trade that I probably would have done really well on in the big account was MK D because this is the one that had the biggest move you know if I gotten in in both this account and my big account at 7 was 750 and just sat back and let it ride I would have made dollars per share. None of the other stocks really held up that well obviously obviously. SL GL into the terrible false breakout and so I got stopped out on that pretty badly and Pyx didn't hold its levels. so I stopped out on that.

What I need really are stocks to have really strong continuation. not just you know, one pop and and fade. They need to hold that level because in the small account, while I may be able to capitalize on a quick break out off the scanners that doesn't end up holding or even profit on a false breakout because I sell half and then sell the rest of breakeven I'm not able to do that in two accounts at the same time. so this account is much more nimble and able to move quickly and then my big account I get in and now I'm focusing more on like it's got to work on the five-minute time frame.

and because I just can't focus on two accounts with the same level of attention, this one small accounts priority. My goal has been to trading the big account just to try to also make some decent profit this month which I have in my main account and in my retirement account I haven't done as well this month above. Now you know that's the. that's the way it goes.

In any case, this has been the focus and trying to trade in three counts at once. It's to be expected that there will be some some challenges and doing that and so I've faced those and I guess the question is net have I made more money because I've traded in three accounts this month and the answer is yes. So Net it's been the right decision Anyways, that's it for me I Hope you guys all have a really great rest of the day and I'll be back at it first thing tomorrow morning. Hopefully we see some good stocks on the scanners and we can have a really good finish to 2019.

All right, I'll see you guys first thing tomorrow everyone! Hey did you know that I Go live every single morning between 9:00 and 9:15 to stream my pre market watch list. Subscribe the channel, press the bell for the alert and you'll get the notification.