What's up everyone? All right? Well here we are: The last day of 2019, the last day of this small account challenge and I'm up another $1300 Which means I'm gonna finish with around $54,000 in this account which is crazy. So what? I'm gonna do later this week. obviously the markets closed tomorrow for New Year's Thursday I'm gonna import all of my trades from today and I'm gonna start working on a mini class. a lesson on.

you know how I did this? How I turned 500 dollars into over $50,000 in 17 trading days. You know what my strategies were. I'll show you clips of the live training examples and everything else, so stay tuned for that. that'll come.

I'll probably schedule that I'll start working on it later this week and schedule it maybe for early next week. All right now. In the meantime, enjoy Today's recap a breakdown of let's see the 1 to 4 the 5 stocks I traded today. Kind of a slow finish to the challenge.

not like a big winner and certainly not a big loss or anything like that, you know, but just a green day. $1300 Can't complain. So as always, if you guys have questions you have comments. leave them right down below.

I Hope you're subscribe to the channel and give me the thumbs up for doing the full month in the small Count Challenge. It's been a lot of fun, It's been really exciting and a new small Count challenge right around the corner. All right! So enjoy the video and I'll see you guys first thing on Thursday All right everyone, So and we're gonna go over the trades from today and do our last midday market recap for 2019. our last midday market recap of the decade which is pretty crazy and you know, just kind of go over this last day of my Small Count challenge.

So as you guys know, at the beginning of December I started this brand new account with five hundred dollars in it and you know I didn't really come into the challenge with a super strong goal of what I wanted to do with it in terms of dollars. I Kind of kept saying that this isn't about a sprint and trying to break a record or trying to, you know, do anything like that, it's it's really just about trading with a small account for the benefit of showing you guys how it's done. I mean I did a small account challenge starting in January 2017 That's nearly three years ago now, and you know, inevitably there were some folks that were like hey, is you know, three years later, does your strategy still work? Can you still turn a $500 account into you know, a hundred grand or a million or whatever the case is And of course I knew that it was. Still it's the strategy is still great and it would still work And so I thought Okay, I'll give it a try.

So January 1st Whatever started the account with 500 bucks in it at Cmeg of course had four times leverage up until 2500 and then I had six times leverage from their hire and I've turned the account into over $50,000 So from $500 to I guess it'll be around. Let's see: I started this morning with fifty Two thousand, Eight Hundred Ninety Six and I'm up thirteen hundred dollars. So 52 53 So you know I'll be around fifty four thousand dollars. So from five hundred dollars to fifty four thousand in 17 days, Today's Day 17 of a small Account Challenge and I am impressed with how quickly I've grown this account I've grown it faster than I expected I I Really, you know I mean I I figured I'd do okay, but I didn't think I would do this well.

And let's just pull up the calculator here calculator app. So when I turned, let's see. my first challenge was 583 dollars into a hundred grand. So a hundred thousand dollars divided by forty four days.

All right. So I was averaging two thousand, two hundred, seventy two dollars per day during the last five hundred 100k challenge on this challenge. I've grown the account into fifty four thousand dollars in 17 days. Which means I've been averaging three thousand, one hundred, and seventy-six dollars.

I mean almost fifty percent higher per day average. And when I started the small Count challenge in 2017, I had six times leveraged from day one, so from day one I had full six times leveraged I didn't have to wait until the account was above 2500 I had six times leverage immediately. Now that obviously wasn't the case for this challenge and so it made the growth. I thought you know it would, it would make it a little slower during the first week or so and and it did.

but then coming out of that, I've been able to grow pretty quickly so I'll just put up the metrics here. This is this is what it looks like. This is the calendar this is let's see so we'll go into December and this right here. For those you guys who can see my screen share this is this has been the month of December not including today.

I only had one official red day in gross profit but I had one day here which was day to wear after Commission on net profit I was I was read. So let's look at net profit and make it fair. This is after commissions so the first four days really small gains, right? It didn't make a lot of progress and then things really started to pick up right here on day 13. This is the first day that I doubled my account in one day and then I did it again on this day I did it again on this day and I did it again on this day.

So one, two, three, four days where I doubled the account once. I have today's trades imported which will be not until tomorrow or Thursday I'll be able to do a full kind of review of this challenge and and I do want to do that. It'll probably be at some point next week that I'll I'll set aside some time to do a full review so you know right now we can go over today's trades I have made the decision that the challenge will end today. So today's the last day of the challenge.

I'm not gonna try to grow the account into a hundred grand because it doesn't. It doesn't really matter. There's no question that I can grow the account into a hundred grand now I've only have I done it before I'm already more than halfway there. It's not really helpful at this point to prove to you that you can't earn fifty four thousand into a hundred grand because that's not.

That's not really where the challenge is. The real hard part is, well, ultimately, the first week or so the first two weeks. So I will start a new small account challenge early next month and you know, show you again the process of those first few weeks of what it's like and what I expect I'll do in the coming months and years is continue to do small account challenges from time to time on a more regular basis where you know I just kind of press the reset button and start over and I'm not gonna say that I'm gonna do it every single month or that I'm gonna do it, you know I'll do it as my you know travel schedule and everything else kind of accommodates now just because during those first few days, it takes a lot of focus I need to ideally be in my work station, not traveling, you know, and trading from an airport you know, lounge or whatever. and and also my own profitability does suffer somewhat from doing these small account challenges.

There's no doubt that I made less in December than I would have made if I'd been trading in my big account the entire month. and I'm a little disappointed by my performance in the big account during the month of December simply because I I made this effort to try to trade in three accounts at the same time and I was doing really well. I had a few days where I did really, really well in all three accounts and then I had a few days where the small account was in good shape. but the big accounts were not in good shape and my net profit is not as much as I had wanted it to be.

So it just goes to show that trying to divide your focus and trade a three accounts at the same time is going to continue to be difficult. and so if a small account is the one that I'm focusing on, it will mean my overall profits will suffer as of right now today. let's see my annual profits for 2019 here. coming into the month of December I was sitting at three hundred and eleven thousand dollars of profit in 2019 and I'm up well fifty four thousand here.

so that'll be three hundred and sixty five thousand or so. And then the profits from my large account I'll import on Thursday or Friday and so we'll see where it all settles out. But you know it's been a pretty solid year, but it did cost me some money to do this challenge. So I do appreciate those on Facebook and YouTube giving me the thumbs up for doing it because you know it's it's It's obviously easier just to trade with a big account.

You know I mean make more money and and yet that's not as helpful for students And so that's where I sort of have to at times conflicting interest, the interest of being the best teacher possible and the interest of being the best trader possible. you know, I mean and those usually they usually they're fine. I mean I can't be a good teacher if I'm not a profitable trader, so obviously they have to align to a certain extent, but there are some areas where they diverge a bit. Okay, so let's go over today's trades.

This was kind of a frustrating day for me. If I'm gonna be honest, I'm up thirteen hundred and one thousand Three hundred dollars. which is good, but I gave back profit on my last trade. The trades here are always sorted from the order that I took them.

so I made thirty five hundred under Oh, I lost 116 on iMac lost 99 on NBC n made 155 on EVS I and then lost 2,100 on ONC Y So this trade cut my profits by more than half and so as you guys know, I've got a couple of rules: three read trades in a row and I'm done I lose half my profits in the day I'm done. or if I hit my max loss, I'm done. So I gave back half my profits and at that point I was done now I could use a haircut and I said that I'll cut an inch off my hair every time I break a rule. So since I haven't actually had to do that since implementing that rule and my hair's been getting longer, I probably could afford a rule breaker there, you know.

and I I was thinking about it yesterday because I did hit max loss in my big account which means I was down more than a thousand and it meant that I missed the trade on Mkd where I made over ten thousand dollars in my small account and I you know I I did pick up the phone to try to get my max loss increased but Rob did not answer the phone and so you know I'm an excited end up taking the trade so my hair is preserved for one more day. but but today I just felt like the writing was on the wall that it really wasn't worth it and so I just left it alone. Okay so let's see. Um so let's let's start with neuro and what I want to do is I'm gonna show you a recording of my neuro trades now I made five hundred and forty six dollars on neuro in my account which was okay I did trade it in both accounts at the same time.

Let's see where is this? Okay I can't now I'm having trouble finding the file, but so in any case, and let's just start with the Gap scanner. Alright so gap scan this morning is right here. so I'm gonna right click time frame historical day and run this for 9:20 A.m. 9 to 0.

Okay so at 9:20 this morning are a leading gap or was NVC n you can see I lost $99 on it. so NBC n we can look at that one first even though it's not the first one I traded I will just go ahead and look at it first. so N v CN Alright so this stock I told you guys this morning that I was a little hesitant on it I I really wasn't sure that it was gonna work out pre market it had already so showing this kind of crazy volatility from 5 up to 11, back down to below 7 and then back up to 880. And so as we were getting ready for the bell to ring, I said you know I kind of like it over 8, but really 880? Let's switch this back to a 1 minute and a 5 minute.

So I go back and forth between these timeframes especially to show you guys in real time. Some of the micro pullbacks that I'm seeing so right out of the gates, the bell rings and it squeezed from 8 up to 841. Now I didn't take that trade I felt that it was a little too risky, but in fact I could have and I could have made you know 20 or 30 cents per share but ended up flushing back down going to a low of 675 and then it did a red-green move and a break of view app right here. So as it started to curl up right here, this is where I got in and I ended up adding.

you can see how it broke 733 I waited for it to break over this level. here of 766 it broke 766 at that point I was like this thing's gonna break through the view Wow So I'm adding at 775 seven $88 I added Gannett 820 and again at 8:40 So I took 8,000 shares of this stock I took 8,000 shares of NBC N and my cost basis ended up being about I don't know I was like 808 810 or something like that it was. It was a little on the high side so for a moment with 8,000 shares, the stock was up to 865 and I was thinking okay, now what I'm looking at on this is a break over 880 because if it breaks this level right here, then we've got room for a move back up towards nine and Ten. sorry I held the whole thing Now at the point that I took that trade, this is the one I'm showing you first but I was already up over 3500 on the day.

so you know it's kind of like I'm up 3500 on the day. Let's just see what this does. I've already hit my daily goal so I'm just gonna kind of let this ride. let's see you know how much it goes up.

Well it ended up coming right back down and I got out breakeven. So with 8,000 shares I went from up 50 cents a share $4,000 to break-even while down 99 which is a little discouraging. I mean you know it's one of those things that sometimes holding for the bigger move pays off big time. Look at LM Px from two weeks ago, you know LM Px from a couple weeks ago and switch this to the daily chart here on this one.

We were trading this down at six dollars and ended up hitting a high of 44 and I couldn't help but think to myself if I had just held even 5,000 even 2,000 shares, you know I could have made 3040 thousand dollars and and yet I kept getting in, getting out, getting in, getting out, and then you know. So sometimes you kind of get in that mindset if you know what. I'm just gonna hold this for a second. let's see what this does.

Maybe this is the one that ends up really ripping up and I'm able to be holding 8,000 shares up a full dollar a share. which is pretty much what I was looking at because at 865 I was up almost a dollar from my first entry. Alright, so I was kind of getting a little excited and the technical setup over 880 was valid, but unfortunately it did not break that level. It came right back down and I got out break-even You know a good rule as a beginner traders really always to take profit as you go because having trades like this where you miss and you know you give back profit can start to give you FOMO frustration, anger and then if you take that out in you know trade 3, 4 & 5 it can be a problem.

So the next trick. Well so now let's go back. So this was the leaving gap or NVC n and it was gapping up over a hundred percent. But as you can see you know I think we nailed the best trade here from 733 760 up to 860 but then it didn't hold that level.

so really kind of heavy to the sell side. The news headline on it this morning was that they applied. They was that they put in their application for what was this a FDA something rather so you know, a headline. It's not even that their application got approved, it's just that they submitted an application.

So I was already a little skeptical on the headline. I was a little skeptical on the pre market action, but when I started a rip here I thought okay you know, let's see what this can do. So anyways, was wrong on that. next one down TM di - cheap.

left that alone too cheap F sell the floats too high I'm not interested in that s LG O s LG L is the one that I lost on yesterday and this was the biggest loss. Yeah, biggest loss of the month and was on SL GL Disappointing. and this morning it started to curl back up. starts to curl up all of a sudden I'm thinking hey, you know if this breaks yesterday's high of 21 despite the fact that yesterday was a big red candle, that's gonna be a pretty big sign of strength.

so is it curls up here 220 or 1989 I Noticed there's a headline price target increase to 33 and then look at this candle. All of a sudden boom It drops from 1950 to 1750. So you know you kind of have to wonder who's been holding this for long enough that they're able to hit the market with that kind of share size. you know - it's it's a little strange I don't know if it's insider selling shares or what it is and it was happening yesterday as well.

These kind of strong drops and sort of interesting places and so I so I didn't end up taking it trades on that SDR l 100 million share float. No good. Nio floats too big and then we've got neuro. So neuro.

this one is kind of interesting I have traded it in the past I Know it's a stock that tends to move quickly. the pre-market high was 520 as you can see right here and the daily chart showed resistance at 5:42 which was the 200 moving average. so I thought that if it broke over 540, that that was really pretty interesting. Alright, so the bell rings on this and I have my order ready to go at 5:20 and so this was on my watch list.

The - I was watching were NBC N and and neuro. So basically I you know I type in and you oops and you are. Oh, all right. so I type it in there and I click the ask and then I move my order up with the up and down arrow to 5:20 and I think it was actually at 5:10 Alright so I was watching it right here I was watching it like a hawk I had my hand on the Bible and I was looking for that break of $5 The break of 5 was where I was gonna take my entry and then I was gonna double over 5 20.

So I have you're ready to go I had it for 2,000 shares. All I need to do is press the Buy button. so I'm you know kind of watching this and NBC n because this was the first couple minutes I'm watching both of them and NBC M kind of was moving a little bit more so it's more focused on that. This in the first minute had almost no volume.

Well, I had 39,000 shares but pretty light on volume. so I was like I don't know I'm just gonna hold tight for a second. All of a sudden I look at the level two and it's ripping for it was 488 and that's for ninety four, ninety two for 95 or 98 and I bring my hand down and I'm like click click click click click my Buy button. my mouse is not on the Buy button, I'm clicking the wrong button and I'm like you know, no, you know here it goes five, five ten and you know before I even was able to say okay guys, it's ripping it was at 5:40 and I was just like ah I missed it and I saw some of you guys commenting in the room because you took the trade which is great I mean this is the whole goal of education that you don't need to wait and you should not wait for me to say I bought this stock to get in because if you do that you're always behind me.

You want to get in because you see the same thing on the level too and on the time in sales. And so when use guys, you guys saw that buying right there at 499 498 whatever it was break a 5, you were punching that Buy button so obviously a number you guys did get in there and took that trade right there up through 613 a full dollar per share. Impressive! I missed the whole move of course at this point I was like well don't chase it, you know I hadn't taken any trades yet on the day I didn't have a cushion so I was like you gotta wait So I waited for the first one minute pullback which is right here. Ok so it drops down.

it pops back up first one minute Kimble makes a new high I'm getting in at five seventy five five eighty five ninety I'm adding for the break of five ten. On this one it goes to a high of thought of six sorry the break of six ten it comes up to six thirteen at double tops I Sell I hit the bid in this account I lock up $3,500 I hit the bid in my big account I got some slippage and I made only 500. So you know, trying to trade in the two accounts at once I actually had bigger share size in my big account and I made less money because this is the one that I was focusing on and this was a very quick trade and it was a hard rejection off that double top. So only five hundred dollars of profit in my big account.

Thirty five hundred in a small account and and then that was it. Alright, so that was neuro. Unfortunately has not held up well at all and that was kind of the beginning of me feeling like alright, you know you don't really like to see stocks dropping like that. It's not really a great sign.

Next one, Ima see I I didn't really even mention it on the watch list I think I I said okay here it's a Gap Gap scan stock, but it has no volume I'm not really into. all right. So then all of a sudden it rips from - did you 20 to 30 to 40 I press the Buy button at 250 I Press the Buy button for 10,000 shares at 250 it rips to 293. But you know what? I only filled 400 shares so I filled 400 shares.

now with 400 shares I didn't sell when it hit 293 I just thought, alright, well you know, let's just see what it does and then it pulled back all the way to 205. So I ended up losing a hundred and sixteen dollars on four hundred shares I mean that So now we've got two pretty big false breakouts I mean this: I jumped in a little on the high side at 250, but I you know it went another 50 cents and then dropped all the way back down to 2. And so now we've got a second false breakout neuro and now Ima see Eve ESI EVs I hits the scans and this is the high Momentum scanner and on this one I was skeptical. It gets halted I did not buy it going into the hall I said let's see what this thing does.

Coming out of the halt, it ends up hitting a high of 564 and I just bought the first one minute candle to make a new high. It did a little micro pullback. it was kind of right in here. It it opened, it, then dipped, hit a high of 540, then dipped down here to 5.

It then started to surge back up and I got in as I started to surge back up. made $155 Again, there's nothing to really be excited about there. It was a very small gain. Okay then Oh n cy O N Cy and you might think after you know kind of three disappointing trades in a row.

Now granted those weren't three losers because EVs I was a winning trade, but you know, three kind of slow trades in a row. Do I really want to take any more trades? Well o ncy hits our hide. a momentum scanner. that's the scanner that I've got back here that's running and you see EVs I was hitting it and then ONC Y was hitting it.

so as a hit the scanner that was as it broke over five. 45 55 60 it as a micro pullback right up here. it looks like it was about to get halted and so I bought it at 578 it squeezes up to six and I sell I made $800 It then does a little micro pullback right here and I added like basically right before this dropped I added right here at 6:00 thinking that this was doing a micro pullback and was gonna break now over six and Rove up to 6 10 6:15 6:20 it ended up dropping quickly back to 571 I held it for a second I was waiting for the first one minute camel to make a new high but then it flushed on this candle to 553 and I had to stop out. So I ended up losing about 40 cents a share on 8,000 shares and so I gave back the profit I made and then went into the ride and at that point I was like alright I'm done and that's a little disappointing because this is gonna be my second biggest loss of the small account challenge.

However, it's also to be expected because at this point in the challenge, I've now been trading with larger share size I've been giving stocks a little bit more room, taking a little bit more risk I've certainly been able to afford to do that and and you know, generally it's paid off, but this was one that obviously went red. So at this point I now had to shut it down because I hit my threshold trigger of giving back half my profits. In fact, I was up about 4,000 after the first trade on ONC Why? Because I was up about thirty. you know, two hundred here and then I made eight hundred.

So I was up for grand and then I gave back a lot on that drop which is really disappointing, you know. But of course you got to cut the loss at some point. and and thank goodness I did because if I kept holding it I would have given back all of today's profits. So I you know I draw the line in the sand and I had to cut that loss I was just wrong that it was gonna continue higher now yesterday.

I didn't hit max loss I didn't have three red trades in a row and since I went red right out of the gates I didn't give back half of my profits so I didn't actually hit any triggers even though yesterday I was down 2500 and kept trading today because I gave back half my gains I had to stop which is kind of interesting I mean you know because you could say well, Ross you're still at 1,300 you could have taken. You know. look at this trade on X You know AI r XA are right I mean you could have jumped in that it went from 492 530 I mean I don't know. It's kind of like volume I Don't see news but just you know for the sake of argument you could say yeah, you could have jumped in that who could have jumped in? you know any of these other socks.

they hit the scanner you were still green on the day. it's not like you were red. you didn't take 3 red trades in a row, but the risk would be that on that trade I lose again and now I go from up 13 to up only 6 and I take one more trades I'm not at Mac's loss yet and there's no reason to keep trading until you are at max loss, right? You want to preserve capital. so if you have a day where it feels like the momentum just isn't really there and things aren't really opening up, then it's time to throw in the towel.

So this is where I'll finish today and where I'll finish. The challenge will be at just over $54,000 As you can see, I have three hundred and seventeen thousand dollars of buying power today, which means on a stock like Neuro precedent shift one, I could be buying 35,000 shares. so I could take some really big share size. I've got now far more money in this account that I need and it's time to take some profit out and press that reset button.

So that's what I'm gonna do anyways. again. what I'll do probably on Thursday or Friday and I'm gonna start pulling together all of the metrics from this challenge and I'm gonna put it together into a kind of a mini class, a video lesson on turning 500 dollars into 50,000 and so I'll be working on that over the next few days and then I'll probably plan to teach it at some point next week. And so what I'll do is I'll post a video about the kind of month of December in review and what my plans are and you know what the schedule will be for when I'll teach that I might do it as a like a livestream so folks that are available can can tune in and watch it live.

So I'm gonna plan that out, but that'll be coming soon. And of course, folks that are watching this, you know, weeks, months, or even years down the road. I'll keep all that stuff available and it may even be a class that continue to teach on a regular basis. I mean I still teach the class of how I turned 583 dollars into a hundred grand.

Even though that was almost three years ago, it's still great content. It was an awesome challenge and you know folks really enjoy when I teach that class. So I you know I still teach it on a pretty regular basis. so I expect that this one will be one that I teach.

you know I bring into the rotation is a regular session or day trading kind of 101 class that I teach All right? So anyways, that's it for me I Hope you guys have a great day off tomorrow and I will see you back here in January Alright thanks everyone bye take care hey did you know every morning I Go live to stream a pre 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.

If you have questions, post him in the comments because I personally respond to every comment posts on my channel. You.