Do you guys hear the news today? I Doubled my account again. Fourth time during this small account challenge I am up over nineteen thousand Six hundred dollars this morning. it's out of control. I'm doing the recap from in here because I don't want them to hear alright.

so Big Green Day locked it up. Everything came together. So here's kind of my my struggle with with trading in general. It's when to put the pedal to the metal and be aggressive and when to kind of ease off the throttle.

You know today's a day where I made a lot of money, not because I was swinging for homeruns or I was doing anything, you know, reckless. Today's a day where I made money because everything was just everything was firing on all cylinders. My first trade was six hundred dollars of risk I was risking six hundred bucks and I made six thousand dollars. So a ten to one risk to reward ratio that's a great start to the day.

So that in my second trade, I was like okay, I'm seeing some momentum I'll risk a thousand I risked a thousand and I made two thousand. Okay, so two to one risk war ratio not bad now I'm up. You know, eight thousand on the day the next trade I jumped into it risking a thousand made another six grand. Whoa.

Now I'm about fourteen, fifteen thousand and there I just started slowly adding profit on top of that I mean absolutely crazy. So one of the things that's really interesting is that you know this is no doubt one of the best days that, I've had. You know, several several weeks of trading I mean probably a month and a half or so a nineteen twenty thousand dollar day doesn't happen every single day. In fact, it's probably true that five days like like today each year you know that's 100 grand, right? So five days like that could potentially contribute anywhere from 25 to 30 percent of my total end-of-year income.

I Mean if I have five days that I make 20 grand, that's gonna add a hundred thousand dollars to my total profit this year I'm sitting right around three hundred and fifty thousand dollars of profit. So you know twenty thirty percent from three, four, or five days I mean that that goes to show the importance of coming in every single day, you know. And the challenge is that during some months and I felt this way during I thought that the month of August for instance would be really slow and I was like huh? do I even want to bother I mean I might trade the whole month every single day, but only make five hundred or a thousand a day which is less than my daily goal. In fact, August ended up being a surprise.

It broke the the typical slow August trading. you know expectations and that making over forty thousand dollars so you know I feel like I have to come in every single day and I've got to be in the market I've got to trade even though some periods are gonna be slow. I've got to get through them because you never know when all of a sudden things are gonna go crazy. One day you can flip on the dime and all of a sudden the stock squeezes up from four to six, to eight, to ten, to twelve, fourteen, sixteen, eighteen twenty, you've got a short squeeze on your hands and now you see four or five other stocks squeeze up on sympathy momentum.

and that one day is $20,000 day that just changed your entire month? I mean really, really like one day can can change it for the better or for the worse if you're not managing. And so days like today are days where I say I want to capitalize on FOMO without falling victim to it. And that's like walking a tightrope because it means that I am gonna buy stocks hi I am gonna buy buy crow pullbacks even though the stock is extended because I can see that the FOMO in the market is really strong and that these stocks are just ripping higher and higher and higher short sellers maybe are afraid to touch them, or if they are, they're getting squeezed out long. biased traders are jumping in and you're just seeing stocks going up 50, 100 % left and right.

So capitalize on the FOMO without falling victim to it. You know that's kind of like you know being a being a surfer and you know I don't know, like big Hawaii waves like 25 30 foot waves like some crazy stuff and you wanna you want to do it but you know you could get wrecked if you're not careful and if you overthink it, you know you're like oh my balance, You know you don't want to overthink it, you just want to be able to be in the zone in the flow State that's you know, kind of that place of just being so so in the zone that your actions are intuitive and your ability to manage risk is also into it. If you're not overthinking it, you're just you're just doing now learning the trade. As I've said, you know it's it's a process.

You don't get to that flow state overnight. If you read a book on day trading, you watch a video on day trading. What have you gained knowledge? You've learned something about the market, but that's not a skill. If I read a book about flying a plane I am not equipped to fly a plane if I read a book on skydiving I am not equipped to jump out of a plane in order to turn knowledge into a skill you need to practice and I'm the type of person that I don't even really like to read the directions of things I just like to get in there and start putting it together.

Start figuring it out. That's the way most people learn. So in order to really get to that process of turning knowledge into a skill, you got to be trading the simulator. You got to be trading side by side with me.

Have a mentor. It could be me or anyone else, but you gotta have a mentor someone that could really guide you and help show you the way. So I want to remind you guys again if you haven't already registered to our priority access list. to make sure you do it.

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We're coming to the end of 2019. At the end of a decade, 20/20 is right around the corner. New Year new you and I want to encourage you guys to get on that priority access list so you can get the coupon code so you can be trading side by side with me in 2020, which is when I'll be starting a new small account challenge. All right.

So this small count challenge from $500 to now about 39,000 in 15 days in 15 days out of control. I'm now 40% of the way to a hundred grand and I'm starting to wonder if I should just try to get up to a hundred grand, ride this wave of momentum that we're seeing in the market and then drop the account back down and start over. So what do you guys think? Should I go for a hundred grand? or should I just press the reset button and start over. Leave your comments below any questions you have on the recap today.

leave those below as well and make sure you are subscribed to channel if you aren't already. Alright now again. I Hope you guys give me the thumbs up for this video. This is the fourth double, fourth blow up in 15 days.

Outrageous. But it just happens that I started this small account challenge at a time when the market was just starting to heat up. The first five six days were slow and then we got some momentum. So I'm excited and I'll be back at it first thing Monday morning with about 38 39 thousand dollars in the account.

A small account? All right, See you guys Then bye everyone All right everyone. So we're gonna do our midday market recap. Go to the trades from this morning, you know. I I don't even I don't know what to say? Um, it's it's one of those days.

The market is hot and I put the pedal to the metal. you know it's this is the thing that I always talk about and this is the one of the biggest challenges of trading is: when do I throttle up? When do I you know, really get aggressive and try to swing for the fences and when do I have to ease off the throttle? So sometimes the traders have talked to me, it's a truss. You know, if you know you're right 70% of the time, right? you know, why don't you just trade the same share size 100 percent of it? Well like always, just always trade this day the same share size. Why do you fluctuate share size? You know cuz sometimes you guys will see that I go big at the wrong time and I lose money and other times I go small at the right time and I don't make as much as I could.

So if I just kept the same share size across the board, you know, wouldn't that just make sense? Well you know my kind of feeling on it is. It has generally been that when the market is hot I want to increase share size and when the market is cold I want to scale back on the share size right? If the markets cold. there's no reason for me to be hitting trades with 10,000 shares, but if the markets hot I feel like trading with only you know 10,000 shares might be limiting my profitability and so I try to. You know, basically you know push onto the gas when it's hot and ease off the throttle and it's cold.

So think of this. just go with this analogy for a second. Let's just pretend that the you know that I'm a racecar driver and obviously you know I want to have good lap times and thing else. But let's say I come into a race one day I come into the track and it has rained all night and there's little puddles on the track.

You know, do you think that that today that I'm gonna set a new lap record? you know the answers is no and if I try to if I try to go really hard and set that lap record I'm probably gonna spin off the track right now on the flip side. so so I have no choice but to ease off the throttle and go slow and on the flip side when the market is or when you know the track is dry and the car is perfectly tuned and you know I've already had a couple of really good laps. you know, some practice warm-up laps. Maybe this is the time that I go for it I Go for the record and sure, when you're pushing hard, sometimes you get a little squirrelly around the edges.

Sometimes things do get a little crazy when you're right at that edge and that happened a little bit today. I had a couple trades that you know got a little out of control. You know it just looked a little too aggressive, but it was the right time to be at that place and you know. So here we go.

This is this goes to show that when you put the pedal to the metal at the right time and you'll see some some really good gains. So coming into today this was I'm gonna put up my my metrics coming in today today, coming into today and then we'll go over the trace from this morning. So coming into the morning here I was sitting at fifteen thousand eight hundred and seventy two dollars of total profit in the small account challenge seventy five seventy seven percent accuracy which is fantastic. Profit loss ratio the best that I have had in years.

I have had losses, but I have kept them so small by basically hitting the bid and bailing out so break out or bail out and you know I've had a couple trades where I've given back a little profit off the top. but I've really been quick about hitting the bid in the small account and now in my bigger account I've not been as good about that. and so my approach when I'm trading in two accounts is that I trade in my small account on my front-and-center laptop. So that's that's that's this one right here.

So this is my this is where I trade my small account. This is what you know is right in front of me. so this is what I'm looking at and then over on the side here. I've got so sort of on my on my right side here.

this is where I've got my my my big laptop or my kind of older one so this one's a little chunkier. but this has got my second trading platform on it. So I'm basically what I end up doing is on this with this hand: I'm pressing the Buy button right here and on this hand I use my my left hand or my right hand to press shift one. So I'm using two hands to trade and invariably when you split your focus you're just not able to usually do as well.

And so for instance, here today my big account is up five thousand, seven hundred, seventy nine dollars. This is my regular trading account and then at a certain point of the day often switch over to my retirement account. So my last trade and the retirement account. well I gave back profit.

So you know these two accounts are gonna be and that was on this breakout right here where I got in and ended up being a false breakout so you know jumped into this you know fairly aggressively and ended up giving back profit. I took the same trade in this account and I was able to manage my risk really well because I was focusing on it this one. you know, not as much. but this is a day where these two accounts kind of balance each other out, which is a little disappointing, you know, But that's fine.

Some days are like that and that reflects the challenge of trading in three accounts at the same time. It is very difficult. generally. this month these three accounts I mean I'm green across the board.

This month, all three accounts averaged out I think that mice. this account is up the most my retirement account I'm not sure where it's out right now I'll have to log in and check it I guess later today. But in any case, let's go over these trades here. Nineteen thousand, six hundred dollars of profit on in my small account.

So this morning started with a Gap scanner as always so we're gonna go to historical date will do this for 9:25 ll do 9:20 a.m. Leading gapper is PT Well PT already had 5 million shares of volume 18 million share float I Didn't really expect it to do a lot, but I was watching it possibly for a break over the pre-market high. They ended up not taking that trade and instead focused on V RNA So let's see where's V RNA I Got to type this in so let's see. So we had V R and a alright there we go.

Now this one was a continuation set up. It was strong yesterday, squeezing from four to five - six - seven after-hours pre-market high all the way up at 849 879. a little pullback a pop pre-market up to 950. So basically I was watching this for a break over 950 as soon as the bell rang.

right? that's the logical spot the bell rings, it dips down for a second and then surges up to 950 I got in I didn't get in at 950 I was too slow I got in for the break of $10 so I got in right under 10 around 980 and 990. with 3000 shares it goes from 10 to 11 and to 1250 I held the whole thing 3,000 shares and I made $2 a share 6000 set sorry 6300 $18 hi I was like a certain point I was like you know what I'm just gonna hold this thing I got I'm up so much let's just see what this does and it looked like it was gonna get halted on a circuit breaker and it hit. at 1250, it didn't quite get halted. and then on this pullback here I took another trade this one I think was in my larger account.

but in any case, uh, you know a couple trades in this area, but the bulk of the profit was right here. So this is straight out of chapter 5 of the day trade course. Chapters five and six where we talk about Momentum Trading and Gap and go trading. remember XRF yesterday same setup break of the pre-market hi you guys all knew before I took this trade that I was watching it at 9:50 and you know it broke 9:50 and then I got in at 10:00 I got in late I know some of you guys got in before me cuz you said you were already in which is awesome so you guys understand strategy.

you have every opportunity to get in these performing So from 9:50 up to 1250 and then a high of twelve eighty nine so there's six grand and so at that point I was like okay, wow this is obviously gonna be a really awesome day now when I first got in I punched it for a thousand shares I saw it ripping. The time and sales was green I punched it for another thousand shares it's still green I punch it for another thousand So I bought within a range of about fifteen cents from about Nine eighty Five to ten dollars. All right. So my average ended up being around Nine Eighty or Ninety Eighty Eight or Nine Ninety Two or something right around there.

My initial stop was 950. All right. Now my initial stop with a thousand shares was 950, but as I started to add I started to move the stop up from 950 to 969 7975. so really only risking about 20 cents per share on 3000 shares.

This is a $600 stop. so would you risk 600 to make 6000? I Mean the answers obviously should be yes, but in this case I was expecting a rip through ten maybe ten twenty five ten Forty Ten fifty First target and expecting a little pullback. but the thing just went. It went ten fifty ten, Seventy Five Eleven Eleven Fifty twelve and so at that point I was like okay I'm just gonna ride this momentum as long as I can So that was the first trade.

Second trade TTP H TT Ph was continuation of yesterday's breakout. So yesterday just like V RNA it squeezes up at the close and is holding up right here. The bell rings and I had said I'm interested in a break over yesterday's high which is 388 on this one because I now had a profit cushion I got a little aggressive I took 10,000 shares and I got in right around 395 for the break over for it hit a high of 424 I took my profit off the table. two thousand two hundred sixty one dollars now I'm up eight grand on the day.

Amazing! Next trade I Trm This one was a surprise. This one was not on my watch list I wasn't watching it at all. All of a sudden it hit the scanners and is surging up as you can see right here. So it hits the scanners, it's surging up 383 392, a high of four dollars.

so the halt level was 410 I actually bought this at as it was squeezing up I got in at four so I got in this a little high but I was like you know it, it's looking good I mean it's squeezing up quickly. It did kind of like a little micro pullback around 390 and has surged up over four. I got in and that's halted at 410, then squeezes out of the second halt. I add at 450 coming out of the excess are coming out of the first halt it opens I add at 450 I Basically it resumes and boom boom boom I'm adding it squeezes up to 508 Hall to the second time coming out of 508 I added again at 550 it squeezes up to a high of $6 I take some profit off the table and then I add back right here for the first one minute candle to make a new high and that's when we get this rip up to 650 Again, this is crazy stuff.

This is some serious momentum 100% I mean when stocks are moving 100 percent in one day, you know that that's that's for me when it's time to put the pedal to the metal. So I got aggressive on that one and did really well. My max share size was nine thousand shares so a pretty big and and I didn't hold that 9,000 share position for very long. I sized in and then scaled out really quickly I Didn't want to have it rip or whip the wrong way on me.

but a nice trade there. next one. PDS B PDS B It hits the high momentum scanner I jump into this one right here at $3 I Also bought this with 10,000 shares in it. Three hits a high of 320.

it comes back down I'm out of it for only 3 cents of profit. It ended up being a false breakout. However, it did end up coming back up later to a high of 380 so just not right on the timing on that one. and then MRO this is the only one that I you know I mean I didn't do super well in this one in my my big account VR Na was the biggest one.

over ten thousand dollars of profit between the two which is fantastic. but Mr EO did get me in my retirement account so on this one this was continuation from yesterday's breakout as well. So yesterday it squeezed from 120 160, 182 dollars a high of 2:30 after hours high up to 40. So this morning when it started to squeeze up here I jumped in for the break of yesterday's high.

that was right here. As we broke to 40 to 50, we squeezed all the way up to 331 I made some money and then it drops back down when it bounces back up I got back in a little high up around 3:30 I rode that momentum up to 374. it then pulls back right here and I added right here at 350, headed again at 60 and again 75 for what I thought would be a move up to $4 right here. What ended up happening was we double topped at 375 and I I was adding in my retirement account for the break at 375 thinking that I was gonna get a quick rip up to $4 and then it flushed I was holding through this one minute pullback, prepared to add again over 75.

that was doing a little cup and handle formation and then on this candle it flushed to 340 and then down to 326 and I had to stop out. So that was disappointing in the retirement account to take a loss there. But I manage the risk well in my small account which is good and again you know this is a day where I did give back a little bit of profit off the top I might have overstayed my welcome a little bit, but at the same time you don't know when you're starting to overstay your welcome until you know you get a little. You know you take a couple losses and you're like, all right, it's time to ease off so that that for me is my cue when I start to take a couple losses.

and certainly if I have three in a row, I step back and I call it a day. so you know, called it a day after giving back a little bit on em reo. But I'm really happy with where I'm sitting today. I'm up nineteen thousand, six hundred sixty dollars in my small account.

Granted, you know the Commission's today are are the highest that they've ever been. This is the most I've ever traded it buts also the most money I've ever made so that all is totally ok. It comes with the territory. These two accounts balance each other out.

So kind of treading water on this side because I got a little too aggressive at the wrong spot and you know that's that's not a totally unusual, but you know within I think it was within reason and I can certainly recover that. So you know this is the fourth time during this small account challenge that I have doubled my account. I Really? Um, I really did not expect that to happen four times. So I have definitely set a new personal record and actually let's look, let's do something interesting here.

Let's look at January 1st 2017. This was my last small account challenge and then we'll go. Let's see. Well sure we'll do the 28th just for the sake of it.

Alright, so let's just see I want to see how I did in the first 15 days of this challenge. So Day 1 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15. So one 24 was day 15. so let's do 123 because I only have I only have 14 days imported for my other one so my accuracy was 89% my accuracy was better, profit loss ratio was not as good, and the total profit I mean well, it's half.

So I've doubled the growth rate only $8,400 of profit whereas coming into today I was up around well. let's see $19,000 Oh, did I not import yesterday's trades yet? Um now I'm confused. Hang on. Reports view detailed right nineteen.

Sorry Twelve One two I could just do this for 19. so let's just check this for one second now. I'm I'm curious. So yeah, I guess I I must not have imported those trades.

Um, that's my net profit. So let me let me real quick import the trades from yesterday. Okay, so there we go. Seeing me: 5,000 That's my account number.

I got it into my password here. so I can import yesterday's trades so that'll be the 26th import refresh status. There we go. Alright, so so what? I What I'm gonna do on this is I gotta just add my Cmeg tag to it so add tags.

Cmeg There we go. Yep and I got to do it for this one. Alright, so now we're I didn't realize I'd forgotten an import on yesterday's trades cmeg. Okay, alright, so now we're going to look at the reports view here.

let's see. Alright, so yesterday. Yeah, Okay, so there we go. let's just filter.

Okay, so then detailed. that's where I was at in net profit. Yeah, okay, so yeah. I mean this: this challenge has been an eighty percent accuracy now.

So I mean I'm definitely moving in the right direction here. Um I If I wanted to try to turn this into a hundred grand during this challenge back here, it took me until I think it was March eighth or something like that three four to turn it into a hundred grand, let's see three, six, three eight. Wow So I even remember the date yeah, that was the date so that was the day I crossed over a hundred grand and that took forty four days. So at this rate I mean I'm I'm really out pacing myself.

I'll be at almost 40 thousand tomorrow forty percent of the way 200 grand I Don't know if I should you know, just try to go now that I'm this now that I'm forty percent of the way, if I should just go for the hundred grand or if I should you know, go ahead and do the small account challenge. Well I got to think on this a little bit. I am gonna do another small account challenge no question about that. and I don't know, you know I don't want to try to have a competition with myself and then get really aggressive.

But at the same time, when the markets hot, it's hard to walk away from that. So let me think on that for a day or two. But in any case, I am doing a new small account challenge if I don't do it on January 1st I'll do it as soon as I hit a hundred grand so that'll be. oops.

There we go. So when I hit a hundred grand, you know maybe who knows it may be ought to be on January second or third, we'll see. All right. So see if I can set a new record there.

Five hundred dollars to a hundred grand? I'll think about that. but in any case, a great day today and I have two more days left for December. Alright, so my goal was to turn 500 into 25,000 in one month because can do that? Now you've got 25 grand. you've got enough to set up an account above the PDT rule.

So mission accomplished. And now I I blew it. You know, through that 25 grand all the way up to 38 thousand or 40,000 So this would be exciting to log in on Monday morning and to import these trades as a traitor view. So as always and if you guys have questions or comments, those who are watching the YouTube video or Facebook please leave them down below I want to remind you guys to register to Priority Access.

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Alright you guys. So and make sure you are registered to Priority Access and again questions comments, leave them below I Hope you guys enjoy this recap. This was a pretty pretty crazy day so I'll be back at it on Monday morning. Two more days for 2019.

About to end a decade here. It's pretty exciting. Alright, so that's it. I'll see you guys on Monday morning.

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