Alright guys, so today is day 13 of the small account challenge and finishing the day up 1000 in two dollars. So not a bad way to finish the week. I Started the week with a really nice trade twenty three hundred dollars profit and I'm finishing the week with a couple nice trades about a thousand dollars. So overall this week I've made about four thousand dollars on my account and I'm finishing just at $8,600 So eighty six hundred dollars.

That's from a starting balance of five hundred and eighty three dollars just 13 days ago. So I'm definitely you know, building that beauty up the account up about eight thousand, one hundred dollars or so on the month. and just in the last thirteen days. and I'm right now on my month where I took a thousand dollars that was last March and I turned it into 8600.

There's like 86 53 so I am looks like I'm just a couple of a couple of dollars off that level, but definitely growing at a much faster, much higher percentage rate because I started with almost half the account size so that's exciting, you know. Started with $583 and I'm up to eighty six hundred now and of you know we're only on day 13. so I was hoping to get a another $1400 winner today so I could hit that ten thousand dollar level. but what today wasn't the day wasn't able to do it.

So and you know ten thousand is important, 12,500 is the spot that I really am looking forward to because that'll be the the halfway point to twenty five thousand. So you know I want to get there as quick as I can. It's like you know one of these things where it's almost like you know getting twenty five thousand it's gonna be like Christmas Day I'm just gonna be so excited and so happy. but you know I've today is still like you know the day after Thanksgiving so it's like I still got another month to go.

a month at best I mean if I can, if I can make $15,000 in the next month, I'd have to make 17,000 in the next four weeks I don't I mean I did four thousand this week so it's possible. but I'll need a combination of impeccable risk management with a little bit of good luck and hopefully we'll have some good setups and some good headlines over the next couple weeks. and I can get myself up to 25,000 but you know I got to take it one step at a time and not rush things too much. So I'll show you guys who are watching on screen share here.

this is my PNL for the day. one thousand and two dollars up. eleven hundred dollars before commissions and that's the PNL there on the live account. All right.

So my buying power today has at this point in the day is up to fifty thousand dollars. Of course this adjusts inter day and it means that I can start to be a little bit more aggressive, which is a good thing, but it can also be dangerous and that's something that I'm going to have to deal with today. I Had I'm green on two trades, but I took a total of four and I only made money on two out of the four. It's actually lost on half of my trades today, so accuracy was dropped down a little bit and I'll go over the trades I took today just two before I Do that.

Going over the big picture stats this week I traded was seventy A seventy percent accuracy between both my accounts and my average profits were twenty four cents per share and my average loss was fourteen cents per share. So that's almost the two to one profit loss ratio with 70% accuracy. You know that's pretty good and that's kind of when I set my goals in the beginning of the year for 2017. one of the goals was of course to grow this small account to a hundred thousand dollars.

the other goal was to try to increase my accuracy to 70% and the third goal was to try to improve my profit loss ratios. You know, and it's always good to have goals. It's good to be. You know to set your sights high if set your goal.

If I set my goal at $100,000 and I come in at you know, 75,000 It's still gonna be a great year from $583 starting balance. But if I set my goal at 25000, you know it's like I have got to set my goal high. So I really work at it and really push and that's kind of how I motivate myself. So anyways, those are the big picture stats here for the week and yeah, finishing with about four thousand dollars in total gains.

So trades for today today was kind of interesting because we had G lbs gapping up about 20% and everyone was watching it. You know I was seeing it all over Twitter trending on social media everyone wants to watch. You know G lbs. it's gonna be the stock that makes the big move and I was not feeling very confident about it because I felt like it was obviously gapping up.

you know, fairly high versus yesterday's clothes on. no news, no catalysts, really no reason to be moving up that much. and the big Move was really pre market. When it went from nine dollars up to 1080, that was the cleanest move and I felt that it was going to be difficult to trade now.

I also knew that its restricted and sure trader so I'd probably only be able to take a thousand shares and when I tried to take one order this morning, I was only able I wasn't able to get filled with a thousand. the margin was even lower than that. So you know, this to me felt like the stock that everyone would be watching and but that. everyone would be disappointed by because it wouldn't be clean.

and that's pretty much exactly what happened. It was not clean, it squeezed up, broke over 11:50 came up just under 12, and then rolled over pretty hard in about five minutes. we went from 12 all the way down to about 9:40 or 955. So really not a clean one.

Not an easy one to trade and I'm glad that I just stayed clear we just said, you know what, forget about it off my watch list obviously G lbs was in in play Ca TB was something I was potentially watching for follow-through over yesterday's high or the pre market high of 525 but you know did end up being being clean so nothing on CATV no trades there a couple others I dxg idx G this one just super super tricky sloppy. Really the best setups on this one. We're also pre market the first pull back in, the second pull back were pre market and then by the time the bell rang it just sold off. So no trades on that one.

ET RM This one started to open up today. Kind of unexpectedly. it went from a low of let's see, the low is like 780 or 680 all the way up to over $10 So that's a pretty big squeeze. and on that one I Was thinking that you know I wanted to get a piece of the action.

It squeezed up, it got halted. but I just felt like I couldn't manage my risk. The spreads were a little bit too big and I just didn't feel comfortable with it. The best entry for most traders would have been right around 10:25 on the first five minute candle to make a new high which would have been along at 865 and selling through 9 49, 50.

that was the cleanest set up the first five-minute pullback, but because it went so parabolic before the first five-minute pullback, the five-minute pullback didn't end up being a move back to high a day or continuation. It came back up to 955 and then rolled over. So the trades that I took today I took sgy this was called out in the chatroom. someone said hey, take a look at SG why is starting to spike up and I took a look and I was like ok The first thing I look at was the daily chart and I said this looks good because it's above the 50 moving average, the 20 moving average, and the 9 moving average and it was already starting to spike up.

There was about 35,000 shares of volume on that one minute candle right below 750. So as we broke 750, I got in and I got filled around 755 and 760. we spiked up to a high of 808 which is a nice spike. We pulled back the first one minute candle to make a new high brought us all the way up to 8:15 and then we drop down.

So I sold on that bike as we came up to 8:15 and then as we drop back down I stopped out of the rest I watched it consolidate and I got back in at eight dollars for the second break over the whole dollar. it ended up popping up but then faking me out and I got stopped out of that I think I lost two cents. It wasn't a big loss, but it was just a little annoying I just felt like this one wasn't very clean. It had potential, but it wouldn't It didn't seem like it wanted to really open up.

And this is a stock that's below the 200 moving average. so you know I usually prefer stocks above that level. So number one were below the 200 and you know number two. It's a stock that pretty recently had a fairly parabolic move.

there was one in December and then there was another pretty big one back in July But even in July it wasn't that easy to trade. So I was a little unsure about whether or not this would be an easy one and you know, ended up being okay from the 850 or 755 entry up to $8 But then the ad at 8 that didn't end up working out so well. So after that ET RM was spiking up and then someone said, hey, take a look at D FF n I took a look at that one and I said alright now this one's interesting as well because it's a former runner and today's the first day we're making a new high. Yesterday's high was 502 and when I looked at it, it was at 525.

So I jumped in 525 and I almost immediately regretted it because I was like I thought this would have more volume because it's a former runner. It's a stock that a lot of traders have made a lot of money on during those 2 days. or it spiked from 2 dollars up to 16 and sort of like Hm NY And you know I suppose G lbs. It's one of those stocks that I thought people would see spiking on the hide a scanner and want to jump into.

when I saw it on the hide a scanner I was like ok, this looks great but I guess there weren't as many people interested as I thought. So on this one I Got in at 525 we popped up to a high. Let's see, we went up to a high. We hit 525, we pulled back and then I got it.

Where should I get in? We spiked up to a high of 557 and then we dropped all the way down to a low of 499. So you know we spiked up 50 60 cents. We actually got as high as 570 so I was up almost 50 cents per share and then we went all the way down 75 cents and I was down 25 cents per share. You know that's kind of the point where I was like okay, this is really not what I was expecting but at the same time it is a strong set up being the first daily candle to make a new high.

So let's let the five-minute chart play out and that's what I did I let the five-minute chart play out and I got What we ended up having happened was the first 5-minute candle to make a new high which was over 540 at 10:20 squeezed up back to the high of 570 and all the way up through 607. So I ended up being able to capture some profit into that move. But then I decided to add at $6 thinking that we would squeeze into the move to 7 thinking that $7 was resistance at the 200 moving average. Well, I added at 6 and then we immediately dropped down to 560.

So unfortunately, ensure trader I only was able to make 184 dollars 182 dollars despite that Pretty big move. So it's it was kind of frustrating. It was a setup that I thought had potential and I just kind of I think I misread it a little bit and I didn't position myself in the strongest way. I got in a little high expecting it to run and then I ended up just having to take profit and I had been of course I added too high and had to just sort of stop out with a small profit on it.

So not the best trade. I certainly don't like to hold trades where I go up 50 cents and then I'm down 25 cents. but this one, the spreads were big, there was enough volume and that was the result I think a lot of people were hoping to see a nice move on it. it just didn't happen.

so. and this is another reminder like Sgy that stocks below the 200 moving average and stocks that are coming up after having too recently made a big move can have some overhead resistance. You know traders who are underwater are going to be selling as it comes up because you know what when this was up 30% today and it's still up 16% when it was up 30% Those traders are like, you know what? I'm up 30% versus you know this morning. so maybe I'll just go ahead and take it off the table.

They mark it out a big order and all of a sudden you know it drops 10 cents or 20 cents. Yeah, that's the type of thing that we see happened. So we saw it on Sgy. We saw it on D FF n and neither of them were really the the best quality setups.

I Think today I made the best of a slow day and you know I wished that there maybe had been some better opportunities. So I suppose a reminder to not be afraid to sit on your hands and not trade if there's really nothing that looks good. but at the same time and walking away with a thousand dollars, you know the first risk on the day with Sgy 2,200 shares at 7:50 was really only risking about 300 bucks. and then once I got in D FF n I already had a cushion on Sgy, so if I had lost on that I still most likely would have ended the day Green it may be only four or five hundred dollars, but still green, so that's another thing to keep in mind.

Once you have a cushion on the day you can start to, you know be a little bit more aggressive or take you know some risks you wouldn't ordinarily take if I was starting the day right now at noontime I would not be nearly as aggressive as you know starting the day at 9:30 because I know lunch time is not the best time of day trade. but if I'm already up to three four thousand dollars then some of those days I'll say you know what, Who cares if I lose, you know 500 bucks on this lunchtime trade I've got such a big cushion on the day that I can afford to. you know, take the risk. and if we're in a market that's really strong where we're seeing a lot of follow-through then that might be a day to be more aggressive, but again, it's just you kind of have to taper your risk based on the type of day you're having and the type of market we're seeing.

And today, maybe with the inauguration. and you know, end of the week. That's part of the reason that we're not seeing as much follow-through based on all of 2016 my trading records Fridays I think Fridays were my slowest day I have to pull that back up I'm sure pretty sure it was Fridays that were the slowest so you know it did. but that's another thing.

Just to keep in mind you're at the end of the week. You don't want to do something stupid going into the long weekend or just going into a regular weekend. So trade smart, you know, lock up the profit and then go enjoy the rest of the afternoon. All right.

So that's the game plan for me. I'm done for the day. Thousand dollars That's good. I'll open on Monday right around 80 600 and I've got my my eyes set on ten thousand and by the end of next week I'd like to be at 12,500 at a minimum.

That would put me halfway to my $25,000 goal. And realistically, that's only asking $3,500 profit for. Well I get no I Guess it's $4,000 12,500 So about $4,000 profit again next week. Well, this week was only a four-day week, so if I had an extra day I probably could have done closer to 5,000 So hopefully next week with a full week of trading I'll be able to do another $4,000 in profit and that will be be a step in the right direction.

All right guys! So that's it for me. I Will catch up with all of you first thing on Monday morning. All right guys! enjoy the weekend. Let's be honest, if you made it this far, you must have really enjoyed that video.

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