Alright guys, time for a midday market recap. We're going to go over some of the trades here from this morning and break down day three of the small Account challenge. Alright guys, so today is day three. You can see I'm up a hundred fifty dollars and 42 cents today starting balance this morning.

I'll show you guys who are on livestream starting balance right here: 896 dollars so that gives me 16 percent profit today 150 dollars and I'm actually up about 79 percent since my $583 starting balance on Monday So two stocks I traded ET RM up 115 and Hm NY up 98 dollars now that's in my shirt trader account and then over in my speed trader account. I also traded Opt T and Pran I made 850 dollars on Opt and I lost 450 on pran. So net profit of only 300 bucks. So not a lot on speed trader.

but sure, traders a solid day and you know I'm pumped about those kind of gains. All right. So I'll talk a little bit about you know the setups that I took today, the catalyst and and so on. Alright, so each morning for me right starts the same way.

It's going through the gap errs looking at the stocks that are projecting to open higher than they closed yesterday. So today we had a couple on the gaps. can we had Hm NY on that scanner and this one we traded yesterday and did pretty well on. So even though there wasn't a fresh catalyst, the setup on this was follow through a break of the previous day's high and keeping in mind that HM NY is a former runner.

It's a stock with a low float. It's sort of a cult classic. It's a stock that traders love to jump on because it has a history of moving. Yeah, you know it's one of those things when I see that there's news on Hmn Why I jump on it because I know it's going to pop up 40 50 cents because traders just seem to love to trade that name.

So Hm NY today I jumped in for a break of pre market highs. The pre-market high was 393 and I got in in the first five-minute candle at 380 with 500 shares. Now that was with my shirt trader count and this one was restricted so I couldn't take full-size I couldn't take a thousand shares even though I had the buying power, they were restricting margin so this one was 3 to 1. So instead of having 5000 in buying power only had like 2500.

So I bought 500 shares at 380 and as it popped up to 4 dollars I put out my order 399 sold the whole thing. $98 profit. You know one entry one exit reduces Commission's and gave me a hundred bucks. Now after commissions it was still only like $84 which is good but it's 10.

That's 10% on this account. but it's not as much as I as I wanted. So on to the next trade and you know II Trm was on watch cool was on watch Kol and I actually tried to take a position on this for the break of pre market highs. pre market high was 445 I tried to get in I put the order of 450 I pressed the Buy button popped up to 455.

my order didn't get filled and so I was like alright. well guess I'll cancel it, cancelled it, you know, drop back down and in hindsight I guess it's a good thing because this setup at best would have only given me five cents of profit and it worse would have cost me. you know, 20 cents so wasn't didn't end up working out which is fine, it's just part of the deal but it was worth taking the trade so that was cool. Let's see next one we watched ET RM and you know this is the pretty incredible thing with the market.

This week we've had some some really strong volatility which is kind of what I was hoping we would have in January as sort of a rebound from the slow holiday season. so like on Tuesday market was closed Monday but on Tuesday we had I Dxg this stock went on Tuesday from four dollars and ninety one cents up to a high of $14.25 That's a pretty crazy move right? I mean that's incredible and the thing is we see that kind of thing happen all the time. This is a stock biotech stock that made a big move and we capitalized on it. Had a good trade, then yesterday we had Evie Okay, right.

Evie Okay, we squeezed up yesterday a pretty big gap opened. let's see a dollar 87 on Tuesday and yesterday's high was 350. so pretty big move there. We also had Hm and why and then today we had ET RM et RM opened at 250 and squeezed up to $5 100% intraday move.

And that's not to mention the fact that yesterday's low was a dollar seventy five. You know this is the the kind of incredible thing about the market that there are stocks almost every single day making these big moves. So my job as a trader is to find the needle in the haystack to find the one or two setups, or the one or two stocks each day that have the potential to make that big move that have the potential to run 20 or 30 percent. or maybe even 40, 50, or even 100 percent.

So how do I do it? You know Right now I'm three days into the small account challenge and so far I've traded six stocks and I've been Green on all six. Accuracy has been terrific. I'm up 79% and I'm showing you guys that even with an account as small is $583 you can make a living as a trader. You know this right here is up.

I'm up I guess be a 600 bucks by the end of the week here and that's that's pretty solid. So my job is to find these setups the way I do it is by using the stock scanners. so the scanners you can see here and I'll flip this around for those of you on on Facebook these scanners. They're searching the entire market for stocks that meet my criteria.

All right. So these are stocks that meet the criteria for being having homerun potential. They've got the potential to make a big move. Now some of these are, you know, Biotechs.

Some of them are, you know, tech stocks like internet stocks, sort of a variety of different different sectors and I don't care too much which sector it is although I avoid utilities and I avoid banks. But in general the biotechs are pretty strong and what I do is I just go through that scanner and look for the ones on there that are gapping up the most and that have the lowest float, right? And that's pretty much my technique for finding the big moving stocks each day. So today we got eat erm the squeeze from 250 all the way up to $5 So 100 percent intraday move and on that one with my small account I was able to lock up $115 Now you know last year obviously I did really well trading with my big account. So this is kind of the hard thing is that I feel like I'm You know it's like I've got a speed governor on the car I can only drive 30 miles an hour on the freeway like this is a setup that I want it to be a lot more aggressive on.

but I knew that I had to be smart right now with a small account I don't really have the buffer or the cushion to be overly aggressive I need to be really, really smart about the trades I take and so that's why I'm staying focused and waiting for the good quality set up, waiting for the pullback and then when I get that pullback, you know then I can jump in and get a good get a good entry. A safe entry means I can manage my risk with a reasonable profit target. All right. So today is you know, a decent day for me and I'm getting close to my goal for the week, which is to turn the $583 into $1,000 and then we'll kind of see.

You know what next week has in store for us? I'm hoping that we'll have some good momentum. I'm hoping that we'll have some good headlines. You know that was the tough thing with the holiday is that we just didn't have a lot of companies putting out good press releases. We just didn't have a lot of good catalysts and you know that that makes everything a bit slower.

Alright guys, so anyone with questions on the trades from today, you guys can feel free to email me those of you watching on. YouTube You can put comments below Facebook put comments below and I'll make sure I follow up on those you know. Game plan for the rest of the day is to sit tight I'm not going to over trade, not going to be aggressive, just going to take the profit and be done. You know between the two accounts today, 450 bucks it's not much, but I'll take it, it's you know.

it's kind of a decent a decent morning I suppose between those two. so that's where we're finishing today and I will pick back up tomorrow day for the small account challenge. All right guys, I'll see you then. Let's be honest, if you made it this far, you must have really enjoyed that video.

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