Hey guys, what's up? Alright, time for a midday market recap. A little early today, we're going to go over some of the trades. The highlights of today: This is day 11 of the small Account Challenge and I'm finishing up only six hundred and fifteen dollars. I'll show you my P&L Here you know yesterday was a great day.

Today just was having a hard time getting a lot of traction in the small account. My first trade was on a PRI and today I had my first loss in the small account I had two trades on a PRI. The first one was $125 winner and then the second one was like a $200 loss. So I'm down 94 dollars on the name.

So the first name that have closed read the first read trade insurer trader so I was $615 But then the highlight of today was the seven thousand, three hundred and ninety one dollar winner on gee Lbs. So that puts me up sixty two hundred in my regular account and six fifteen in my small account. So today's one of those days where you know kind of juggling between the two accounts I came out well on the upside in my regular account and the small account you know suffered a little bit. So what were the trades I took? You know what was the game plan for today? Well you know actually none of the stocks I traded today.

We're off the watchlist APRI Canf and G Lbs were not on my watch list. My watch list today was pretty thin just because there wasn't a lot that looked good. I was watching NXT D off the watch list which was a gapper. it was gapping up about 30% and the float whose gapping up 36% with a float of 3.4 Five million shares.

So I was like okay, this one looks good and there's a headline so it has what we need. It's slow float, it's got news it's going to get. It's gapping up. It's going to have high relative volume.

The problem is that when the when the bell rang, it ended up selling off. Just for reference, this has relative volume of 58 times what is normal for this stock and that's why today is the type of day that I would trade it I wouldn't have traded it yesterday. It probably won't trade tomorrow, but on the day that it has high relative volume because of news, it's worth trading. So as the market opened, I actually tried to get in this at 95 to scalp the break of $4 and it popped up to a high of 417.

but for whatever reason my order didn't fill. It was kind of strange because I didn't see the orders getting sitting out there pending. I really thought that I had gotten filled but I didn't get filled anything. so I don't know what went wrong there.

but in any case, I guess it popped up a little faster than I realized and it just skipped out. It must just skipped over my limit so no fill on this one and you know what? Maybe it was for the best because it ended up rejecting that whole dollar. It squeezed up through four and then turned around really quickly and came right back down. So for whatever reason I wasn't able to get in it and maybe it was for the best.

So after that I was like okay, well that was a little bit of a weird start to the day. and then I see a PRI squeezing up and this one it wasn't on the watch list because I genuinely didn't really like it that much. I was like it's a two dollar stock I'm not gonna be able get margin on it with my shirt trader account you know I just I'm not that into it, it just doesn't I don't think it's gonna do much but the bell rings and start squeezing up. So I was like alright, well I will take a stab at it.

So I got in this with 2,500 shares at 225 and I got in right? Basically you know as soon as the bell rang I was in at 933 at 2:25 it pops up to two thirty to thirty three to thirty five to thirty to forty one drops back down I end up selling it at 2:30 for five cents. Profit: $125 before Commission you know, so not much on that and then it squeezed up here to a high of 250 and I was like okay I'll in for the half dollar break I Got in with two thousand shares at 250 and in the next candle I'll show you right here in the next candle. this little red candle Here it dropped down to a low of 238 and I sold at 239. It of course pops right back up to 260.

So that was my first loss. and you know what in the big account I definitely would have held through that pull back, but in the small account I was like look, Ross just get out. just get out. Don't get attached, just get out because it it doesn't take much for these to go from being down ten cents to twenty to thirty to forty.

So you know what, Just get out your 2,000 shares I don't want to lose 600 bucks on this so just thrown the towel, threw in the towel, took the loss. two hundred dollar loss or $225 loss and it put me down 94 dollars on that stock. So you know that was a little bit disappointing. The loss came at 9:52 but between my first trade on a PRI and my second trade where I lost I took a trade on C INF and on this one I traded in both accounts both my small account in my big account I found it on the hide a scanner so let me scroll back here hi add a scanner.

It popped up here right around 9:45 on the hide a scanner and I was like okay, popped up at 650 or 253 and I was like okay. look it's got huge volume relative to normal twelve million chair float is fairly low so I jumped in this at with 4,000 shares at 2:54 I got right in 2000 shares, 250 for 4,000 shares, 254 With my small account and 10,000 in my big count, it pops up to a high of 67. So I was up. you know, 12 cents obviously I was looking for more.

It starts to come back down. I stopped out with my shirt trader account because that was the one that I'm really focused on and I had bigger size relative to the size of the account. Stopped out 340 dollars profit. so was that? How many cents is that like? Eight cents? Something like that? What do I have it here I know I wrote it down Yeah! so eight and a half, Nine cents on Canf and then in my regular account I lost eight hundred and sixty one dollars.

So what I did in my regular account is I took five thousand shares at 255 and I added four the break of 260 260. We popped up to a high of 267 so my average was higher with the bigger position. and then when it came down and it broke here on this red candle I got stopped out and you know. So this is an example where trying to trade into accounts it's hard even.

You know it's hard to get the same same profits in both accounts. Now this is also goes to show you like when the last time we were in Las Vegas you know we were trading side by side. You know Jeff Mike and I were you know we're all trading side by side and despite trading the same stocks, we all have completely different piell's because we manage our risk differently. We get in at different times, we take different amounts of different share size and as a result you have three traders sitting side by side with different different piell's and I'm a trader the same person sitting here looking at two accounts, trading them doing the best.

I can to have them be the same and I can because I do things differently even between the two. So you know traders who think that you can. You know just like, join a service and follow the leader and make money. It's it's a flawed concept because you can never.

There's just so many variables so you know that's why. I'm a really big advocate of Education and having you guys understand why I Get into these setups, you know what the catalyst is, the reason, al the reasoning. and then you can become an independent, self-sufficient trader. and if you want trade side by side with me and we are trading the same stocks, that's awesome and I'm happy for that.

but you don't have to feel that you need me. You know to tell you what I'm gonna do for you to be making money on a daily basis. So the entry at C on canf little high at 254 255 but I liked it because we were above the 200 moving average on the daily chart. and I really I thought this is a former runner.

It has the potential maybe to break out and open up a bit. It ended up not doing that, but I thought that it did have the potential so that was Canf green in shirt Raider red and speechwriter and then came G lbs. Now G lbs was called out in the chat room. Someone said hey, take a look at G Lbs right under six dollars I think it looks good for a breakout I pulled up the stock and I was like you know what, you're right, it does.

It looks very interesting here, right under six dollars. So let me let me show you guys the spot Right here is the little consolidation at 6 and this had that big move just the other day on the daily chart, the big green candle, the red candle pullback and then today was the first candle to make the new high versus the red candle. So on the intraday chart we had this a little consolidation right under six dollars, right right around whatever it was Nine, Nine fifty. Okay, so when I saw that I was like okay, this looks good and I jumped in a thousand shares with my sure trader account at 595 or 598, it was like right under the whole dollar.

Now the problem is that that was the most shares that I could take because this is on margin restriction I maybe could have taken a little bit more like 1200 but I really couldn't take that much size on this. It's a six dollar stock I have sixty eight hundred dollars in equity I can't take two thousand shares I tried and I couldn't so I took a thousand shares and I was like alright, well I guess we'll just see what this does and from six dollars it ends up going up to a high of 946. Now obviously you know there's the hindsight being 20/20 I should have just gotten in and whole held the whole time and put my sell order at 946 at high a day. but we don't trade in hindsight and we can never know how far a stock is going to go.

So as it squeezed up here from 6:00 it's popped up to 640 and then it dropped all the way down to 591 I went from being up 500 bucks to break even actually down like three cents and I was like okay that this is a little bit of an issue I'm gonna get out I put my order to get out of that position and it sold my shirt trader position sold in the next spike. now in Speed Trader I took 10,000 shares and I just held it. We popped up to a high of 66, squeezed up I sold through this first squeeze here and then we got halted at $7 Now by the time we were up at $7 I'd already sold all but a thousand shares. So I sold into that squeeze.

As it moved up a point, we have the hull to seven. All right now we resume trading and I add for the squeeze out of the halt and we popped from seven up to 750. and then we pull back, we pull back and we consolidate and now we're getting a little bit of a setup on the 5-minute chart. The five minutes set up was the really clean one was around 10:30 but there was sort of a small one right around Ten 10 for a break over 750 so you can see how there were multiple opportunities to trade this and I Got back in with both my Short Trader and my Speed Trader account to scalp these breaks.

So getting in with 10 cents tops 27:37 Profit targets some of them, go further, some of them don't go as far but just getting in for these scalps. As a result, my commissions in my Speed Trader account are two hundred in eighty seven dollars. Today, that's a lot Commissions ensure trader a hundred and sixty six dollars. So commissions added up today.

but at the end of the day I was able to walk away with profit I was able to walk away from the market green with a total of five hundred thirty nine dollars. Ensure Trader, which you know wasn't know what wasn't a lot relative to this move. but I couldn't take big size and because of the spreads for some reason I had a hard time selling on the ask every time I put my order out on the ask I wouldn't get filled and then because of the spread I would sell on the bid. but then I'd be losing like 20 cents because of the spread.

So that happened. Insurer Trader I don't know what why that was, but in any case, you know through these trades I was able to do pretty well seven thousand, three hundred and ninety one dollars in my regular account and that shows you the power of being able to leverage and I couldn't leverage. insurer Trader wasn't available. they restricted the margin on it and so I did the best that I could.

but you know it was only five hundred thirty nine dollars. So today was a day where I was definitely starting to feel a little bit of frustration even before the GLB s trade. I was just kind of getting a little agitated you know I was I was feeling annoyed that my that my first order didn't fill I was feeling irritated that I lost on canf irritated that I lost on a PRI you know n you know then G lbs came along I got aggressive, got in there, got the profit and then I was like okay I'm done I'm I'm still feeling a little flustered so I'm just gonna throw in the towel for today and walk away. So I finishing the day up about $7,000 between my two accounts which is great.

You know the small accounts up like nine eight nine percent today and tomorrow I'll open right around seventy four hundred dollars. So I'm getting really close to that $8,600 kind of benchmark that I'd set for myself for this month. and typing ten thousand dollars is realistic. and twenty thousand by you know, by twenty five thousand by March first is hopefully going to be in the cards as long as we continue to see good momentum.

I'd love to be able to get there sooner, but you know we'll just take it as it comes one step at a time and hopefully I'll have the good fortune of having some solid, solid setups and good follow-through but you know today it was only so so. it was great on G lbs and kind of crappy on everything else and even G lbs was a little a little choppy on my my final trade on G Lbs in my large account I got in at 795. that was right at 1021 and it popped up to a high of 803 and then dropped 70 cents to 731. So it was like gave back a couple hundred dollars on that one and and I was just kind of like all right, you know what.

throw in the towel, walk away. Green It's not hard with the big account for me to size up and do something a little crazy, so you know right now I'm at forty one thousand dollars equity in my big account plus the gain from today I'll be at about 47 48 thousand which is up almost well. Seven definitely 75 percent from when I started the year. Be close, getting closer to a hundred percent.

Not quite there yet. All right guys. So um, let's see any questions for today. You guys can hear Bo barking in the background.

Yeah, Chris So you know. First red day, the hot streak at least the hot streak of consecutive winners has ended. But today is still a green day. And you know today day 11 of the small account challenge And you know, finishing finishing green so you don't have to be green on every single name.

as long as you're managing risk and keeping those tight stops. you know when you do have a loss it's no big deal so you know gave back a couple hundred dollars but it's fine and I'm at a point now where even if I had lost 400, I can handle it. You know the most important part really was the first. You know the first first few days, the first five, six days.

So Kevin my stop on G lbs. when I first got in at $6 my stop was 580. so 20 cent stop and then you know that one I gave a little bit more room I knew it was going to need a little bit more room and I was in my regular account adding into the squeeze, you know. and so I added at $7 after the halt.

So kind of managing the risk knowing that I wouldn't be able to go in with full position right away. an APRI This one is definitely active today. I mean it's still it's still moving right now. We're tapping the 200 moving average at four dollars and you know I've got some hindsight regret on this one that I'm a guy who lost money on it despite it being up.

you know, whatever, however much it's up. I mean it's obviously one that I didn't fully capitalize on, but this is the way it is. You know, sometimes you get one that makes big moves but isn't necessarily clean. And the thing with a PRI that I noticed is that we've got a lot of doji's happening right in here so it is pretty choppy and you know I'd Dan these ones are hard to shore it also because they're just kind of grinding higher I mean it's up.

its up substantially. So let's see the niche then that changed today is 165 percent. so you know I I wouldn't short it necessarily until you have a good, really good indicator of a reversal. But yeah.

so and to answer your question there about how I manage my stop the way I do it is I have a mental stop. So if I know my max loss I can just press the sell button as soon as I see that number show up. but that means I have to be able to do that. That's like you know that's the challenge.

A Mac a mental stop is only as good as the person who's keeping it and you know it's one of those things. Like some people just watch it go lower and just watch it and watch and watch it. Next thing you know, you're down four hundred, eight hundred thousand, twelve hundred and just gets worse. So you have to be able to cut your loss quickly and it all comes down to discipline, self control.

You have to realize that over the long term you can. You can be very profitable, trader and be right only 65 percent of the time. It's not about being right 100% of the time, it's about cutting your losses when you're wrong. So I just cut those losses, keep the losses small, and then you know the winners inevitably will be bigger than those losers.

All right. So with that, I will let you guys enjoy some lunch and we will be back at a course first thing tomorrow morning this afternoon at 4 p.m. We've got a warrior procession, so that's a mentor session at 4:00 for students that are in the classes. All right guys, see you later.

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