What's up everyone? All right? Well, today is day two of the small account Challenge and I'm up 600 bucks before fees and commissions, so I'll be up a little under 600 after fees and commissions, but a good second day. Although I made a little bit of a mistake, so we're going to talk about that during today's recap. I'm a little annoyed about it, but it is what it is. I got green.

Shut it down One trade. That's it. Alright, so that's gonna be the recap. Now before I get into the recap, I realized yesterday in day one, you know I gave you guys the micro strategy.

uh, Pdf download which many of you guys downloaded. Awesome! Good job. I'm glad you did that. But I realized that some of the terminology that I was using in that micro pullback strategy pdf may already be over your head.

You may not know some of the terms I was talking about. You may not understand some of the concepts I was referring to about stock selection only trading the right type of stocks. So what I want to do is I want to encourage you to click down below and register to the Last Day Trading 101 class that I taught. it's a replay and you can watch that and that is actually a free class that I taught the community out there.

all the people out there that are interested in learning how to trade. I taught a free class that straight out of the Warrior pro course and I did that because I want to share with you these basic concepts that many traders don't understand the process of finding strong stocks to trade. So yeah, I took one trade today and one trade yesterday. Well, how did I even find that stock? That's what I'm going to break down in Day Trading 101.

So click below, register to that. You'll learn about stock selection, you'll learn about my approach for risk management, and I'm going to show you a couple of my other favorite entry setups. We don't talk about the micro pullback in that class, but we talk about actually the one that I took today, the first candle to make a new high. That was the setup that I took so stock pops up.

it pulls back a little bit. First, Kayla, make a new high is my entry Boom! Just like that. one trade in and out done for the day. so make sure you register to my next replay of Day Trading 101.

I hope you guys enjoy it. And hey, in case you didn't already know, day trading is risky. Easy come easy Go. Just like that you can lose everything you put into a trade.

You've got to be so careful. So with that in mind, you should trade in a simulator before you ever put real money on the line. And don't you dare try to blindly follow me or anyone else. The right way to learn to trade is by practicing in a simulator before going live with real Money.

Alright, so with that, I will see you guys tomorrow For Day three, I hope you enjoy the recap. It's a quick one and we're gonna keep moving right along. So Day one, In the books, Day two In the Books. Day three, Coming tomorrow? All right, enjoy the recap and I'll see you in the morning.

All right everyone. So today is day two of the small Account Challenge and um, not a perfect day, but one trade. uh on Dtss. So I bought, uh twice and sold twice.

So I today I have four tickets. so two times four is eight. so I'll have at least eight dollars in commission and then I'll have Ecn fees. So Dtss this one um is also the one that I traded and did the best on in my main account and we had some great momentum on it.

This thing was Hot! So the entry on this was uh, first one minute candle to make a new high. A little bit different from the micro pullback that I took in um, yesterday's trade. this is a bit more of a defined pullback. First, one minute candle to make a new high.

My entry was right there at uh, four dollars. It popped up here to 436. I took the profit at 425. it then ended up as you can see continuing higher and this is where I ended up trading it in my big account.

As it went higher and higher, I was tempted to consider going back in in my small account because I took this trade uh early. this was it. What time was this? Um this was at 8 44. So I sat down here, opened up my computer and before I even started broadcasting I saw the setup and took the trade.

So then when I logged in I was like hey guys I I already took the one trade to my small account today and I felt like some of you guys were like oh man I missed it and I felt bad too and I was like oh maybe I'll maybe maybe today I will just go ahead and take two trades and then I was like no one trade a day is the way to do it and you know just it's just the luck of the draw that this one was, um just I sat down and there it was. But the important thing in my opinion uh is getting in early on a good quality setup. So getting in on that pullback right there, right at the uh kind of the half dollar whole dollar four next Target moving up to 425 450 and took profit as it went higher. So so that was where it wasn't totally perfect because I but I was recording so students you guys can go watch the the replay as you wish.

Uh but uh then the other problem is that I put in the share size right here for 1200 shares because my account today has four thousand. uh, what is it? Four thousand, nine hundred, forty six dollars, and thirty eight cents Which is yesterday's profit. uh minus um, some of the Ecn fees. So I was like, okay, I'll you know, so I can buy a thousand shares, I could buy 1200.

So I put it in for 1200 and then I click the buy button twice. I it was and the time stamp will show. Um, let's see it was. It was like instantaneous.

It was just like I could. I just clicked it twice in the same second and that is sort of force of habit because I do that in my main account all the time. I enter the order for 3 000 shares and I'll press it twice or 5 000 and press it twice. And so I clicked it twice and all of a sudden I was like oh oh god, I'm in 2 400 shares.

I'm using leverage. This whole point was to not use leverage. So really, I should only be up 300 today. That's what I should be up if I hadn't uh, inadvertently used leverage.

So after that I I I said when I was streaming I was like i don't know how am I going to prevent that from happening again and someone said well, you could email the broker and say hey, can you disable leverage on my account So I was like, okay, um, so I did. And it now shows my daytime buying power as, uh, the same as my starting equity, which is the starting balance today. So now I think that problem is solved. And so right now, for instance, uh, if I tried to enter an order on this for 2 000 shares and I'll just put it at like 450, this order should get rejected.

Yes, um, the order will not be sent right? So so that's good. Um, okay, so it sounds like it seems like the problem um, is is solved here, which is good. So you know. I think this is also relevant for a beginner trader because you may fund an account with you know, 5 000 or maybe 2 500 or maybe 500 or whatever it is.

And if the account does give you leverage, you may end up inadvertently using it. You may not want to. you may not intend to. but maybe instead of pressing the order for you know, 600 shares or 500 shares, you pop an extra zero and it's 5 000.

or instead, 1200 you put an extra zero. It's 12 000. And if you have the leverage to take that trade, it's going to execute that order. And I actually talked in a Warrior Pro Mentor session about how two of my biggest green days from a few years ago were as a result of accidentally entering 15 000 shares and pressing that order three times.

when I had not intended to. So I ended up with a huge position. and thank goodness the trade ended up working. You know, So it was.

Still, it was still a good trade. It just was that I took about 10 times more risk on it than I had intended. And because I had the buying power, I was able to do it. And so that's a good reminder.

Um, you know not to let the account just get bigger and bigger and bigger and bigger. but to draw the profit out and pay yourself so you don't get caught in one of those scenarios where you actually have the buying power and then you make just a stupid mistake. It's a total accident, and trading is hard enough without losing money because of a stupid accident, right? We know that trading is hard. So today, one trade a day keeps the uh, real job away.

One trade a day. it's a small account way. and yeah, Unfortunately, I did end up using, um, my buying power. So this position of 2 400 shares ended up being about, um, a 9 000 trade.

But that's not. Um, that's not too bad all things considered. Since I have 30 000 of buying power in this, I could have. If I had, uh, wanted to use that leverage, I could have been taking like an 8 000 share position And that would have been, um, certainly much more aggressive and much riskier.

So a good lesson from today and a green day nonetheless. Uh, and of course that's regardless of share size because I focused on one good quality trade. So for those watching the recap, Um, I mentioned this during the intro, but I'll say it again now. I realized yesterday when I gave you guys that, um, sort of micro.

uh, let's see, I'll do a split screen when I gave you that micro strategy uh, Pdf that you guys were probably lacking some of the knowledge of the terminology that I was using right in the Pdf And so I encourage you to register to one of my Day Trading 101 classes. I teach them a couple times a year. If you registered right now, you could watch the last one that I taught. But even if you register like a year from now, you would go into a replay of the most recent one that I've taught.

And in that class, what I do is I actually teach a chapter straight out of the Warrior Pro course and I break down for you before we teach that chapter, the basic terminology that you need to know in order just to kind of, you know, get your head around what day trading is. I talk about stock selection, how I find strong stocks to trade, I talk about risk management, and then I talk about the specific entries and exits, so make sure you click. Uh, the link down. I'll pin it in the comments, but it'll also be in the description if you guys want to check that out.

Uh, for those who haven't already, of course, students who are watching this, um, I'm not saying anything that you don't already know. you've probably checked out or watched that workshop before you joined us. So anyways, I just wanted to share that with those tuning in on uh, social media and um, thank you guys! Uh, here for uh, another another good day. So grateful that the market is as hot as it is right now.

That's one of the things with a small account challenge. It's a bit of the luck of the draw, you just don't know, um, exactly what you're gonna get, but uh, we've had a good first two days and I'm going to try to keep the momentum going and tomorrow with this buying power adjusted, I'll be able to make sure that my trade is within or under my my max buying power, which is good. All right. So uh, that's it for Day two.

Six hundred dollars before commissions? Uh, we'll come back in tomorrow. Over five thousand dollars will be around five thousand five hundred and keep this account growing. Uh, twenty five thousand dollars of profit is the goal which will put the account at just under 30 000. All right.

So uh, thank you guys for tuning in. I hope those on Youtube hit the thumbs up and are subscribed and keep watching the small account challenge. All right, See you for day three And that right, there was an entire video with no ads. I don't monetize my Youtube channel with video ads, which means you guys get to enjoy the content.

But do me a favor, please hit that subscribe button and give me a thumbs up and let Youtube know that this channel is the channel to watch if you want to learn about day trading.