What's up everyone? All right? Well, today is the next episode of trading with a small account. A small account challenge. And today is day One of day trading. A tiny account it is can see and I didn't even come into the office yesterday.

yesterday could have been day one, but I decided that I didn't want to trade outside my comfort zone and trading from home with the dogs barking and all the distractions, it just didn't quite feel right and so I had to sit on my hands, restrain myself and say, you know what? Let's make day one count, Day one, past account Because day trading in a tiny account you've got almost no margin for error. So I braved the elements and I came into the office and this morning my camp is up 40 percent. I'm up a hundred and fifty eight dollars now as you guys probably know, I funded the account with five hundred twenty dollars I did five hundred and twenty because I wanted to give myself a little bit of cushion just in case there was a wiring fee or something like that. So I was like alright I'll fund it with five hundred and twenty bucks and I told them when I funded it I said listen guys, you know I don't want to have a platform fee taken out for the month of November because I'm not gonna be trading any account at all in November I'm just setting it up and they said ok, no problem So to my surprise this morning when I logged in the account, I only had three hundred ninety five dollars in it.

three hundred and ninety five dollars because they deducted a hundred and $25 monthly platform and data fee which is standard with a lot of brokers. It's fine, but I didn't expect it to come out. So this morning making one hundred and fifty eight dollars with an account with just three hundred and ninety five bucks and it was pretty incredible That counts up forty percent. Now what I've done for you guys today is typically I only do this for Warrior Pro students, but for all of you guys today who've been watching this series of the Small Count Challenge I have put a link in the description right there below that you guys should click and that link will give you the live recording of me day trading this tiny account.

So I record my screen while I'm trading it so you'll see me as I click the Buy button once twice I'm in with 200 shares, the stock squeezes up I sell a hundred and instantly I'm up $65 I sell another 25 shares, another 25 and I scale out and on the first trade it made one hundred and twenty seven dollars. I then got back in for trade two and made another thirty bucks and there we go. It's a hundred and fifty eight dollars in one morning. my work is done all right now.

I Hope you guys really enjoyed this recap. Make sure you download the live archive I think you'll really enjoy that as well. and I will see you guys for the next episode tomorrow. All right, See you, then You all right? So we're gonna do a recap of today's trades.

Today was day one of the small Count challenge and I'm up $158 All right so you guys know I Funded the account with five hundred and twenty bucks. This is the same thing that happened the last time I did a small account challenge I funded the account five hundred Twenty dollars well on. December First they took out one hundred and twenty five dollars in platform fees. So I actually was trading today with three hundred and ninety five dollars in my account three hundred and ninety five dollars and I'm up a hundred fifty eight bucks.

so someone wants to real quick do the math on that. That is an awesome return on a four hundred dollar account. So why don't we go over the trades on DRI Oh, I have a recording of it that I'll kind of jump through and kind of show you clips of what I was doing. and then for those of you guys that are watching this on YouTube I'll put a link right down below in the description where you guys can go and you can watch the full trading video without my you know separate from the recap so you can just watch the whole trading video.

Alright so yeah, 30% growth on the account. Not bad at all. Okay so DRI yo let's start for them. Top! This stock was on the watchlist this morning.

so each day I have my system of finding trying to find the strongest stocks in the market. So I use this scanner right here and what this does is it searches the entire market for any stock that's up more than 5% and so in the entire US market today. this is how my stocks are up more than 5% You know however many that is I don't know 30, maybe 40 and then what I do is I start adding my requirements for the stock to be within my strategy to trade. and so the first is it has to be between $1 and $10 All right, so Bold is off the list.

This: these ones are off the list that's too cheap, so pretty much the right of way. that's helping me narrow down my list. You know to that maybe these five or six stocks all right now. obviously I can look at the volume on some of these 40 shares is not a lot of volume.

So I started opening up my charts here and looking at these different stocks and I go through my each one of these filters and I want to make sure that the stock meets my criteria. So again those of you guys that are not already in the warrior starter class with warrior pro class this is the stuff that I break down my five criteria: first: stock having homerun potential. So the the process of finding the needle in the haystack really becomes streamlined just simply because I know exactly what I'm looking for and I'm able to filter using this software right here. So DRI Oh, this was the pre market chart on it pre market.

The stock had squeezed up to a high of 1180 and then pulled back to about 879 before bouncing back up to 10 69. So I drew a line at each of these important levels. the low of the pullback, the high of the last move up which was right here on this candle and the pre market high. So right here.

right down here and right here those are the three levels I was interested in Now of course. I've got some moving averages on here. a couple of technical indicators: I Took a look at the daily chart and that's right here and one of the things I noticed on the daily chart was that the stock has a pretty long history of finding resistance at around this Magenta line which is the 200 exponential moving average. So the 200 EMA has been a point of resistance for the stock and you can see that that was the case.

You know, kind of right in this area. Here, it was the case in this area here. A little bit of a struggle here, you know, kind of close to it in this area there and then today it broke through it but is not able to hold over it and is coming back down. So I was a little concerned about that resistance at the 200 and then just before the bell rang it came back down and double bottoms at 879.

So on this red candle it came down for a second tap of 879 which if I pull this forward you can see that made me a little nervous and I kind of thought well you know I may not end up being able to trade this one today because now it's looking kind of weak. so the bell rings and as you can see the first thing that happens is it drops down and I said I'm a little concerned about this because the highest volume of the day here is on a red candle and now we have light volume on green candles. That's not typically what I look for. In fact I look for the exact opposite high volume on the green candles and light volume on the red candles.

But we had this quick pop up to 1005 it dropped back down, then it surged back up to 997 and then it dropped back down and so in this area here I Felt that if it could break over ten that we had a good chance of getting moved back up towards this level here of 10 69 and so right on this candle, we sort of had this little double bottom at Nine thirty. did it hit Nine thirty and bounced up and then it hit it a second time and bounced up and that's when I started to think okay, we've got a little double bottom. this is starting to look good and as it surged up as the first candle made a new high which was right here I got in at Nine Eighty Seven so that was my first entry. So Nine Eighty Seven and I'll just move this so you can see the execution.

So the first entry on this was at a buy order at nine dollars and 87 cents. All right. So Nine Eighty Seven so I preloaded with for a hundred shares. Now even though I've got I've got three hundred and ninety five dollars in the account and so I knew that I could I could well I actually at that time thought I had five hundred bucks but I knew that with five hundred dollars I could take about two hundred shares of a ten dollar stock.

So I just put it in for two hundred shares even though it was you know Nine Eighty Seven like a little bit lower and I figured that would that would probably be okay. Alright so Nine Eighty Seven, it's you know, kind of curling up and I click the Buy button once and I get filled I click it a second time and I get filled So this is very common for me to, you know. click twice if I'm feeling good about it I click it once I'm seeing all this green volume going through I click it a second time. Within three seconds, the stock is up over fifty cents a share.

It surges through this level and taps 1051 and I sold half I took half of it off the table. That's $60 a profit. Nice. Alright, so and it also hit well.

it was pretty cool. It was the half dollar psychological resistance, but pretty close to that 1069 level. I mean that was a good setup, a good breakout, and then in the next candle it surges up to 11 and I sell a little bit more at 10:59 1093 and I sold the rest at 1005. This last 25 shares, I held a little longer as it came back down here.

In fact, it dropped all the way to 958 and I was still holding and then it popped back up. I I thought that maybe this would break over 11 and I would hold that last 25 shares for a bigger move, but in fact I got stopped out. So I probably could have made an extra $25 if I just sold it. you know, right away.

but whatever. Alright, so it drops down I think maybe at this point maybe it's done. but then first Campbell make a new high is what I'm watching and 1066 was the high of this red candle right here. and when that level broke I jumped back in at 1060 anticipating the break and I sold at 1091 for an extra thirty one dollars of profit.

A hundred shares times 31 cents is thirty one dollars. So just like that, I'm done for the day now. I took one, two three four five. let's see one, two three four five six seven, eight, eight total trades eight total times I Press the buy or sell button.

My cost is $2 for every time I press that button. So that means my Commission's today are gonna be about 16 bucks, about 16 dollars in commissions plus some Ecn fees, but I only trade at 600 shares, so these CN fees will be pretty pretty insignificant. So I'll finish today after commissions up around a hundred and forty two dollars or something like that, one hundred and fifty eight before the Commission's and you know this is a really solid first day with a small account now. I'm disappointed that Diario did a false breakout right here.

It popped up, it failed, and then it dropped back. So let me show you my live recording of this trade. Alright, so this is. let's see what's the time.

It's about nine, twenty nine, the bells about to ring. All right. So the bells about to ring. and this is kind of what we're looking at I've already got these three levels mapped out and I'm a little disappointed that it's dipped down pre-market You see a 40,000 share buyer there for a second, so it drops down, drops down, and then let's watch it on.

it's surged back up. Alright, so okay, so yeah. so right about here is where it's surging back up. looks like my chart is slightly cut off.

I'll have to fix that. we're tomorrow. Not sure why that's the case, but in any case, so 944. So right now it's kind of in this consolidation area.

That's knowing that the charts just slightly cut off. Hmm. it's very interesting. Okay, so let's see.

so let's watch this. So I'm looking now. You guys know that. I I'm saying okay, I'm watching this for the possible break over 10.

I've got the order right there. So I'm watching watching the level two very closely. This is the ask price I'm watching the time and sales my hands off the buy button right now. my mouse is right here as you can see so it dipped down again.

So right now we're in this kind of little pullback area and now my hands back on the Buy button and I end up typing in the stock here again. the reason I did this is I thought I was like you know I haven't actually tested my hotkey to sell what if it doesn't work and so I said you know what I better go ahead and just put an order for two hundred shares at 961. Whatever. and if it doesn't work I can just come down here and click the sell button and I'll just sell my position.

So I'm watching here watching the ask. $10 is the spot I'm really dialed in on, but will I get a hint that strength is coming into the stock right now. That's a lot of weakness, but look a double bottom down there at 30 and that is actually a sign of strength. Watching over 60 65 70 is gonna be a good indication of a possible breakout.

Hands on the buy button and just like that I'm in. Alright, so we start to come up here. This candle starts to surge up and boom I jump in I got a little bit of a bad fill all things considered. but look at that all the way up to 10 51 I'm taking a little profit off the table.

now it's 10 11. by 10 19 1044, it's the next up back to 10:40 back to 10:17 1038. At this point, it's kind of anyone's guess. Is this gonna do a false breakout and just reverse? I gotta take profit off the table just to be safe.

We've got 1.1 million shares of volume already. There's 1050 There we go I'm taking a little profit and then all of a sudden you get that quick surge up to ten ninety three. So in hindsight, you know, maybe didn't have to sell as quick as I did at Fifty Nine. but whatever.

Taking a little profit off the table. and now I'm holding the last twenty five hundred shares and I'm looking for the break over Eleven dollars, right? That's what I'm really thinking I want to see this break eleven. So I'm giving a chance to do a little sort of pullback right here around this eleven dollar spot. and I'm thinking this is fine.

You know this is a little moderate pullback. This is all okay, right here. Fifty on the bid? That's fine. 62 on the bid.

That's fine I kind of want to see a break right here. 92. Let's see 98 97 and then it doesn't know. little selling.

Okay, a little more then back up 81, but still read on. the time and sales is not breaking. so I'm just kind of holding I'm letting it shake itself out. I've still, you know, kind of got my 1180 mental possible target and then we're gonna get a quick flush on this.

Look at that. look at how fast that happened. Isn't that kind of crazy how fast that dropped. Just as quickly as it went up, it dropped back down there on that tray or on that little little flush.

Okay, so now it's dropped back down as it comes back up I'm like, you know what I better just take this money off the table. So I'm gonna take my profit on it I don't know somewhere around here, whatever some out and now I'm watching it not knowing whether or not it's gonna fail or work. but if it comes back up over 60 I put up my order there at 70 I've got my hand on the Bible and at this point I was like I don't know, you know I'm up $127 This is a pretty good first day with a small account I don't know if I should push it, but I decided I'll take a hundred shares I'll take smaller size and so I'm watching Boom I push it right there. There's 1090.

I'm looking for the break of 11:00 Okay, moment of truth, there's 1071 1070. Is it going to break 11:00 There we go. we'll get but wait a quick break - 11:25 and now it's back at 93 and that I don't like. So for that reason I sold and I got out on the ask that to me had false breakout written all over it, the fact that it broke the eleven dollar spot and then came back below.

All right. So so that's kind of the fast-forward of that trade. Those you guys that want to watch this I'll have the link below so you can check it out and I'll be back at it first thing tomorrow with an extra hundred and forty or so dollars in my account so making progress and I'm gonna keep it up. Alright, that's it for me.

I'll see you guys first thing tomorrow morning. Hey did you know every morning? I Go live to stream at Free Market Watch List Subscribe to the channel, press the alert button and you'll get the notifications. If you want to learn more about trading, check out the links in the description and if you have questions, post them in the comments because I personally respond to every comment post on my channel.