What's up everyone? All right? Well here we are. Today is Day 14 of the Small Account Challenge and I'm up another three thousand dollars this morning. So that means my account from sixteen thousand now tomorrow is gonna be up towards nineteen thousand. Probably around nineteen thousand Five hundred dollars.

And of course the buying power is 19 thousand, five hundred times six I have six times leverage. Which means I can day trade with up to one hundred and twenty thousand dollars and this is no longer a Small Account Challenge anymore Now the account is growing quickly and that's the way it is with a treatment Small account. As it starts to grow, you can start taking to start to take larger and larger share size. Remember the only difference between making thirty a day and then three hundred and then three thousand is increasing your share size.

So during the first few days, weeks or even months of trading with a small account, it can feel kind of like man, thirty dollars a day that's not covering my bills is not covering my cost of living. But if you let that money roll over and start to grow the account up, then you'll be able to afford to buy more shares and then you can start scaling it. As you can see, you can scale very quickly if you've got the confidence and that's a big part of it. It's having the emotional confidence to take larger share size because of course if the trains go the other way well, you know your risk and your loss is going to be a course proportionally Larger I Feel comfortable taking that risk about a place where I'm able to, you know, tell them that would be aggressive And here we are 14 days from $500 to nearly $20,000 and the challenge isn't over yet.

I Still got three days left, but at the end of the month and the end of the year at the end of the decade, this small account challenge will end 2019. It's almost over 2020 is around the corner. So what I want to announce for you guys is that we're doing a Special Priority Access Priority Access for a special New Year's Eve Group. Now what we're doing is we're going to email this coupon code to all of our existing students first so all of our existing chatroom, starter, and warden purses.

They'll get the coupon code first and there's a certain number of times the coupon code can be used once they've gotten the first dibs. Then we're going to open up that coupon code to students that are on the Priority Access email list. so traders like yourself that are following us on YouTube and Facebook you guys can get on that list and you'll get the second opportunity to use that coupon code until it expires. We are not going to open up this coupon code to the general public.

We're not gonna put it on the website, so the only way to get this special savings a special discount is if you're on the Priority Access list. Now, if you're watching this video and that you are, you're watching this this in June or July Next summer you can still register to the Priority Access list because we do. You know, periodic things throughout the year for traders that are on that list. All right, We send you special things, a little discounts and things like that.

So if you are watching this down the road, you can still register Priority Access. It just won't help you for, well, the sale that's happening right now. Okay, so Priority Access You can check that out right down below and I Hope you guys enjoy the recap today! XRF Straight off the watch list I Mean this stuff was on fire. It was awesome and you know three thousand dollars progress is being made.

So this small count challenge has been pretty exciting and I'm gonna take out my profits from December Let's start a new one in January So I hope you're trading side-by-side with me for the next small account challenge. As always, if you have questions or comments during the recap, leave them down below and I hope you guys like the video, give me a thumbs up and subscribe to the channel if you haven't already. Alright, enjoy the video and I'll see you guys tomorrow. What's up everyone? All right? So here we are: Day 14 of the Small Count Challenge and I'm up.

Three thousand, Four hundred sixty one dollars and 63 cents this morning. and my account this morning had sixteen thousand, Three hundred, Ninety Two dollars in it. Which means I'm up another twenty percent today and tomorrow I'll be close to twenty thousand dollars, I'll be well over nineteen thousand, close to twenty thousand dollars. and I still have three days left of the small account.

Challenge One two three, That'll be Friday, Monday and Tuesday And then the challenge is over. So now the question is: can I turn five hundred dollars into 25 grand in? Well, let's see Fourteen, Fifteen, sixteen, seventeen days in one month of trading. And I think there's a good chance that I can do that. We'll see if the market is on my side.

obviously. I'm gonna need to continue to see some really great momentum, but if we do, then you know it might happen. and that'll be a pretty cool challenge, so you know. But the thing with this challenge right now is that I've got ninety eight thousand dollars in buying power, right? Because it's sixteen thousand times six I have six times leverage.

So at this point I can pretty much trade this account the same as I trade my big account now I Don't trade it exactly the same because if I took a ten thousand share position and God forbid I lost five or ten thousand dollars, it would decimate my account. And so I don't actually trade it as aggressively knowing that I could take a big loss. but I still trade it pretty aggressively and I'm in really a pretty nice shape here. So I Want to show you guys a couple things: I Want to show you the metrics of this small account challenge up through Tuesday So I import my metrics the day after the tray and those are you guys watching on YouTube and on Facebook What? I want you guys to do? And right below there's gonna be a link to register to Priority Access.

So what I'm gonna do for New Year's Eve New Year New You I've put together a special special and New Year's Eve coupon code and it's gonna go for all of our existing students first. So all of you guys in the chat room you don't need to register your rding and get the coupon code to upgrade your membership from. you know, add another year or whatever the case is depending on your membership level. those you guys on Facebook and on YouTube if you register to the priority access list after all of our existing students have had their first take at the coupon code, will email it to you guys.

Now we're not gonna post this coupon code on the website. It's a bigger discount than we did for Christmas. But for those you guys that did join during Christmas now that you're an existing student, you will get the first opportunity. Use this coupon code to upgrade your subscription.

If you want to add another three months, six months, or a year, you can do that now. So make sure you guys register to Priority Access obviously and this is gonna be a pretty big sale that we're doing. It's New Year New you and this is always a really big one for us. So and make sure you guys register if you haven't already.

So now we're going to go over the trades from today: XRF TCC OCA N-f-l Qda Green across the board on four out of four grabbed another winner in my main account. Four thousand, Six Hundred dollars on XRF so total between the two accounts. I'm up like eight thousand dollars today, which is solid. Really good.

Nice progress, you know, but it kind of started with a little bit of a bump in the road on XRF with my orders not getting filled. Now this these metrics here the small count challenge so far, and it's kind of interesting. The way they're imported is a little different when you do proc reports which is what these are through Cmeg, but Accuracy: seventy seven percent Fifteen thousand, Eight hundred, Seventy two dollars a total profit largest gain that was on Tuesday on Mbot the largest loss which would be the stock that I closed the day. Read on Only One hundred and seventy seven dollars.

So right now working with a great profit loss ratio, cutting my losses really quickly and you know this is what I kind of want to keep doing Wednesday Not gonna have a lot of progress on Wednesdays because the first two weeks of a small count challenge were slow and then I had one Wednesday where I didn't trade and then Christmas I didn't trade and I won't trade on New Year's Eve or New Year's Day also. but anyway, so those you guys who are interested in the metrics, you can see them right there. So let's look at XRF So this morning our leader this was our leading GAAP or XRF in the entire US market. so I can go timeframe historical day and I'll do this for 9:20 a.m.

All right so what you're gonna see here: XRF gapping up 50% Unfortunately by the time the bell is ringing, a hit already broken through the pre market high of three and squeezed up to 359. So the bell rings and I said all right on this one guys I'm gonna just let it dip and as soon as I start to see that buying coming in I'm gonna punch the Buy button and so let me show you the video of this trade here. Alright so and this is this is like so so sad and because here the Bell has just rung I'm watching. Actually let's go back here.

Alright the bells about to ring so I see I've got my order ready at 374 I've got my hand on the Buy button I'm looking for a dip and the second I see green I'm gonna punch it red, red, green. So it's any of you guys who have done any street racing. You know what I'm talking about. When you see green, you punch it and you know can you straight pipe a Honda Odyssey you bet your butt you can so you know I I don't care if I'm lined up next to a Honda Odyssey or a Prius when I see that light turn green pedal to the metal so you know here we go XRF I see the green and boom I hit it.

Unfortunately on this one you know as you can see I punched it and my orders just sitting there. This is the first time actually the second time that it's ever happened with Cmeg. This has happened before generally speaking and in my trading you know career that I've had trades at the bell that I've tried to and you know, punch the order and I don't get filled and it is what it is. So anyways I punched the order here the second I saw green, my orders not going through and I'm like you know what the heck obviously the green is coming in.

people are buying and look at that 385. So I punched the order for 4,000 shares and now I'm like alright, well I better cancel it, you know Dang it. So I move my order up to $4 and I'm gonna click the Buy button again I'm thinking okay, maybe that was just like a little lag in the first couple seconds. So I press it again and again it doesn't fill instantly.

now it should feel instantly. So now I'm like okay, what's going on So what I end up doing is I change my route from Nasdaq to ARCA and when I changed my route, you know I was able to get filled. So I ended up getting in this 50 cents higher. So here I switched to ARCA That's this is a nice thing with direct access routing.

If you do have an issue with one route, you can switch to a different one and so I'm watching this. I think I I did a smart route, didn't fill right away so I was like okay I got switched back to Arkham so I switched to ARCA and then I see the green there and I punch it. Now that's actually a terrible fill. but whatever, it is what it is.

Um, it looks like it was 84, 84 and 74. so I'm punching it here and then there we go. we get that quick break and so from there obviously the stock continues higher and that was where I made the bulk of my profit. So we got this squeeze here on XRF up to in the first five minutes, from 350 to 450 to 550 little pullback and then up to six.

You know, So on this I you know I I kind of I sort of fumble dit because on my first tray it pops up to a high of 343. All right. so it goes up to 343 and and I'm kind of I'm holding this trade here and I've got 2,000 shares from 383 and I'm holding through here. Let's see where do I add I was trading this in my big account also.

so I added another thousand shares. as you can see there so I thought it was gonna break over 40. I added and it hits. It's kind of now like churning right here and I'm like hmm this isn't good and now all of a sudden I realize my hot key to exit.

What if it doesn't work because we're having issues with routing. So what if my orders don't work? So I started to get worried that if my orders don't work on the exit, I could I could really be in a you know, a situation where the stock could go down you know, 30 40, 50 cents a share and I have a really big loss. So I decide? Is it starting to show a little weakness? I was like, you know what? Let's just let's just get out of this thing. So I got it.

Look at, that, isn't that So sad I got out right there and then that happened. That's the way it goes sometimes. So I'm like you got to be kidding me. So I ended up getting back in.

all right, obviously I got back in so I get back in here and now for the break over five and I start scaling up and you know I end up doing pretty well on it. I add again here for the move up from I think it's 5:20 for a quick rip up to. so I'm back in here now for a quick rip up to 550 now I'm sizing up a little bit more. there's 578 so this is gonna be the bigger trade for me that move here up to 6 but you know again, it sort of.

It's just one of those days where I happen to fumble at the starting gate and you know it's it's sometimes hard to to catch up from that. So I was up 3,000 on this and then my last trade I took right here I got back in right here thinking it was gonna break over 550 and my average was about 525 and I stopped out at five so on that last trade right through there I gave back about 500 maybe 600 and finished up only 25. Oh wait for those you guys watching on on Facebook I'll just turn this around so you can kind of see where we're at. So this is my small account that I started this month with 500 bucks right here on the left.

so this accounts up three thousand, Six hundred, three thousand, four hundred, sixty one dollars versus my starting balance this morning of sixteen thousand. and then this is my bigger account right here and which I'm actually not sure how much money I have in this account right now, but um I took some money out and I'm gonna take more out as I kind of come to the end of the year so this account probably has about forty thousand dollars in it so this accounts up like ten percent as well. Yeah, which is some nice progress. So anyways, um let's see so that was XRF Unfortunately I was kind of watching it through this area to come back up through view app I thought if it broke over 38 I would get back in.

it did not end up breaking that level. so I did not take any more trades on it. um you know so a nice opportunity right out of the gates. but I kind of botched it a little bit so that was XRF are leading gap in the entire market.

We knew this one was gonna be the one to trade at, you know, nine Twenty. So every single one of you guys who are in the chat room you knew I was watching this one and you know there's really no reason that you couldn't have been able to trade this side-by-side with me and or even have better entries than me if you didn't have the order execution issue that I have you know and again, that's kind of. My goal is to make sure you guys know what I'm gonna trade before I Take the trade so you're watching the stock you're looking at. you've got the chart up to level two and if you're trading in a simulator or with real money, you're able to to do well.

So a speaking of simulator or real money and of doing well, let me put up this video. So I asked of course students in a chat room I said how you know how'd you guys do on how'd you do today and Tristan you could see here he's up eight hundred and forty six dollars the Warrior logo in the background. That means that he's trading in the simulator. So we have a simulator that we have white labeled with Sterling.

Well you know we're solidly were, but we've you know, branded it with our our own logo and stuff like that so he they're in Sterling Oops let me just play this video here so let's see a couple other traders will post their P&L So John posted his seventeen hundred dollars of profit and you've got another one right down here. Let's see right there. Four thousand, Nine Hundred dollars That's in the Sim right here. That's a real money account for Eric Twenty Three hundred.

Once there's three hundred and twenty, that's a real money account for Moon Jason that's in the simulator which is good. Ibrahim He posted a red Day, but he said later that that was the wrong screenshot that was from a previous day of trading. and then he posted his screenshot for today Jose Two thousand Another student in the Sim there. Let's see.

Um, there's Ibrahim Zak Xual for today. Thirty four hundred. So that's good. That's nice to see and you know again, it's just two goes to show that you know you guys are going through that journey of converting knowledge into a skill.

One of the things I say a lot is just cuz you read a book on skydiving doesn't mean you've got the skill to jump out of an airplane just because you read a book on day trading. You know, obviously a lot of you guys have read the book that I wrote and doesn't equip you to trade. Just because you've watched a video. a YouTube video doesn't mean that you're gonna be able to trade profitably and make money to convert that knowledge into a skill you have to practice.

and that's what the simulator is all about. You guys are able to practice real time each morning. Nice there from Ishmael about $1,000 just under so some some really nice progress that I'm seeing from you guys who are in the chat room making money and you know, moving your way through the learning curve. All right.

And of course some of you guys have moved your way through the learning curve. to the point that your members of the hundred. K Club meaning you've made over a hundred thousand dollars of profit. We'll see.

Let's see where was it? So there's Roberto for instance, he's in the hundred K Club Ibrahim will probably be there pretty soon Johnson 100 K Club Jess is there and there's there several others. But anyways, so I'll close this here. So that was XRF The next stock was T C Co now TC CEO I was it was. It was on the Gap scanner gapping up nine percent today and I was a little cautious about it I wasn't sure it was gonna work the daily chart.

It shows that it was a stock that had recently made a really big move and so I thought okay, you know this may be one to watch all of a sudden hits the high today momentum scanner and start surging up and I thought okay, you know what I'm gonna jump in it so I bought it at six I jumped into this stock at six dollars and then I add six dollars and I think it was fifteen cents or something like that so it pops up here to six. it pops up a little higher I Add on this little pullback, it squeezes up and hits 650 and then pulls back down to like 640 I Go control Z I sell my position So I'm out and then it pops back up to 648 650 I punched the Buy button again I'm back in now with the thousand shares at 650 it hits a high of 660 and then drops in this candle all the way to 540 which was a terrible drop. It pops back up here to 594 and I got out at the 590 spot. So I got out right around 588 and 590, which is certainly better than taking the loss at the very bottom.

But it was disappointing to have given back that profit. and so after that trade I started to think this may be kind of it for the market. I'm not sure if I'm gonna continue to see good opportunities. Canf popped up kind of similarly right through here I got in and then I got stopped out came back down I only made one hundred and forty dollars.

Of course it ends up ripping all the way up to 406. About 30 minutes later, Lq Lqd a another one and that hit the scanners. Kind of a strange one. It got halted at 505 so it squeezed up and got halted.

It then resumed and squeezed up to 633. got halted a second time. It then resumed. it pulled back for a second and I added for the break over 7.

It squeezed up to 715. It then kind of hit some resistance there I sold and then it dropped back down. So you know I made a hundred and ninety three dollars on that was small share size because I didn't want to risk being too aggressive at that point I was like you know what? my winners are getting smaller and smaller and smaller these we're not seeing. These stocks continued to hold their breakouts so I'm gonna jump out and just take my profit on it All right? So I'm gonna switch that to that side All right.

So so that basically was those are the four that I traded today and in my big account. the only one I traded was XRF here and that was out of the gate. So you know another pretty solid day. I'm hoping that we see this Momentum continue into Friday awesome gap and go on.

XRF That's straight out of chapter 5 and chapter 6 of the Momentum Strategies at the Day Trade course. so really nice to see. And yeah, we've got three more days of 2019 and it's definitely time to start thinking about what the game plan is going to be for 2020. So as you guys know, I'm starting a new small count challenge in January where I'm going to take out my December profits and I'm gonna start over I have been thinking about doing how I'm gonna do it and kind of what my plans are I was considering doing a small account challenge where I don't use any margin or I don't use my leverage I just trade my cash balance starting with a little more cash, but only trading the cash balance.

The thing that I'm feeling a little conflicted on is that I don't know how to how to set my account so I would only trade the cash bail like under settings under my hotkeys I can create a hotkey for instance, to use 50% of my buying power. So since I have six times leverage, I could choose to use you know, one sixth of my buying power. In theory, however, this automatically adjusts based on the stock you're trading. so stock that has no buying power available.

Well, because it's not marginal, it only gives you 50% of the of that amount. It knows that. so I have to think about that a little bit more because it would be right now. just.

it would require me to have to do the math before every trade of how many shares I can take. and that's not how how I would want to trade or how I would think it would be smart to trade as a student. So I got to think about that a little bit in terms of the mechanics of how to do that, but it's possibility. So I might do an on margin type of challenge where I day trade a lot but I don't use my leverage or I might just do another small count challenge similar to I did in December.

So I'm kind of thinking about it and going back and forth. but I will keep you guys posted and in any case, those of you guys watching on YouTube and on Facebook make sure you are registered to the priority access list so you get the coupon code for New Year's Eve emailed to you. We're not gonna put that coupon code on the website, it's just going to be email only for existing students and those on the priority access list. Alright, so make sure you guys are registered and we're gonna try to make Twenty Twenty an awesome Year New Year new you.

so let's make it happen. Alright, that's it for me. I'll see you guys tomorrow and we'll finish up the week, hopefully with a little bit more momentum in another green day. All right, I'll see you guys later! Bye 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.

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