What's up you guys? Alright, well here we are Friday The end of the week. Today is day 4 of the small Account Challenge and in the last 4 days I have grown my account over a hundred percent. Today I'm up four hundred and twenty seven dollars which makes it the biggest day of the week. the biggest day of the account challenge.

It's not snow day here in the Berkshires so we're finishing the week the same as we started. A little bit of snow but that's ok I didn't trade on Monday because of the snow but ended up having an awesome day which is what I needed I feel really good about it I am still feeling a little conflicted about the challenge right now of feeling FOMO that you know while I'm trading this small account I'm making a lot less on these breakout trades and I would be if I was using my big account and that's my own struggle. but it's something that I am kind of struggling with right now and it's making me feel a little more kind of. You know, having a little bit of this emotional pull that I should take a couple trades in the big account, but then of course the best-quality setups I'm focusing on in the small account.

so then the big account gets the low quality setups which isn't it? you know? So it's like it's kind of challenge. but you know what? trading a small account brings challenges regardless of where you're at. They're different challenges for every person and this is the challenge that you know I kind of have right now. It's not really a challenge about confidence, my strategy, or whether or not I can make money.

but but there's still some emotional challenges and so bringing you back to centre and I being in the zone and trying to focus on the stocks I'm trading right now and and maybe trying to have some acceptance that this week I simply won't make as much as I would have if I've been trading the whole week with my big account and that's okay. You with a small account might feel that way at some point that this week you know you might have only made $200 you made 4050 a day instead of your goal of 75 or 80 a day. and that's okay if you're having a red week and that's okay too, you just have to kind of have acceptance for that. If you have a loss, turn it into a lesson to keep trying to improve your strategy and you know, get back out there.

Being a trader, it's not about how many times you get knocked down, it's about how many times you get back on the horse and you know those are the ups and downs of the journey being a trader. So it's been a great week for days in up right now over 500 dollars in the first four days I'll know the exact amount on Monday after I see my report of commissions everything for today but you know, hey, a great start So I'll be back at it first thing on Monday And as always, if you guys enjoyed these videos, please give me a thumbs up. Subscribe the channel and I'll see you guys on Monday morning. What's up everyone? All right? So we're gonna do our midday market recap.

go over the trades from this morning. I'm gonna finish the day up four hundred twenty seven dollars and forty nine cents. Which means my account is up sixty three percent today in one day, which is pretty crazy. Today is day four of the small count challenges you guys know I started on Monday with three hundred ninety five dollars in my account I didn't take any trades on Monday Monday I sat tight, we had the snowstorm and you know I kind of was I was all flustered the combination of trying to use my trading station at home which isn't really set up for streaming.

Well, it's set up for streaming but it's not set up for screen recording which I needed to do for the small account challenge. So I basically was kind of getting myself all frazzled right before the bell and I was like you know what? I'm not in a really good state of mind to be calm, cool, collected and composed the four C's of good quality trading. so I was like you know what I'm just I'm gonna give myself a second and the bell rang and of course we saw a couple stocks rip up really fast and I started to feel FOMO and frustration knowing that if I had been in my office I probably would have made money on them and I was like I should just driven to work. you know, who cares about the snow and whatever.

But those two stocks popped up and then faded and that was kind of it for the day. So I didn't get any trades and day one was was was awash so no trades on the first day. So then Tuesday with $395 I took my first trades in here in my office and I made one hundred and fifty eight dollars before Commission's 158 bucks which was, you know, a pretty solid day one day too. I made only $12 but was down 12 after commissions which was pretty sad.

So that was disappointing. Yesterday I made 74 before Commission's and today I'm up 427 before Commission's So let's kind of total this out and we'll obviously break down the trades here, but just to kind of total out where: I swear I'm sitting on the week right now coming into. Let's see I can run this year. it's coming into the day Today I had let's see my account was sitting at six hundred and seventy three dollars and ninety five cents.

You know which is which is pretty good. I guess I had gotten the credit back. They had debited my account one hundred and Twenty Five dollars on the first of December which is what brought me down to three Ninety Five from my original five hundred and twenty dollar planned starting balance. So you know, so that was a little bit of a setback and whatever.

but on the first day I made after commissions about a hundred and thirty. the second day I lost twelve. So that's only a hundred and twenty. and then on the third day I made seventy five, but was really only up about 40 after commissions.

So that's one sixty, so only up one hundred and sixty dollars on the week coming into today. Now today, I'm at four hundred twenty seven before Commission it'll probably be three I don't know, maybe three eighty after. Commission I traded a little bit more today. So three eighty four eighty s.

That puts me up probably around five hundred and fifty dollars or so on the week. So my account doubled in one week, which is awesome. I Mean that's that's really pretty solid. I Took a total of sixteen trades and I had thirteen winners and three losers.

so my accuracy is 81% My goal was ninety percent, so I'm a little below my goal, but um, I you know the progress has been really good. I don't have my profit loss ratio yet my average winners to average losers I won't have that until I Import all of my trades and can you know? kind of See, see the metrics on them. So let's break down the trade. stay on LM Px This is kind of an interesting one.

It's a recent IPO very recent. Yesterday was the first day of trading. so this is the gap scan as we were looking at it this morning at about 9:15 a.m. Alrightso 9:15 a.m.

I'm looking at the Gap scanner and the second I opened it I was like boy, well this doesn't look good. There's nothing on here in the top 10. It looks interesting to me. Number one: I Don't see any yellow in the top 10, right? So I like to see on the top 10 usually one or two stocks that really fit my criteria: floating under 10 million shares, price between you know, 2 min 10 and gapping up at least 15 20 percent in Cmeg, this brokerage account that I'm using, they allowed me to day trade with as little as 500 bucks.

Those of you guys who are watching this video and you're like how is Ross day trading with $500 or 395 or whatever Cmeg has a minimum account balance to open of 500 and then you need at least 350 in the account to keep trading. So on day one with 395 dollars, I only had a $45 cushion which is the smallest account I've ever tradesman. However, see me. G's leverage and margin rules are kind of funny because they're apparently inconsistent.

I've noticed this with my own trading and you guys have commented on it as well. You get between zero leverage and six times leverage depending on a number of variables, including your account size on the previous day and the price of the stocks that you're trading. so those variables can make it a little confusing in the moment to know how much buying power do I actually have. And so for that reason, I just created a hotkey to use bait to place an order based on percentage of buying power.

So if I press shift 1 on this right now, it's going to enter the order for 336 shares. so that just automatically enters my my share size and I can press the Buy button and so I don't have to think about the math or test it and get orders rejected before an order goes through. So that's a cool thing with this software. You can use hotkeys based on percentage of buying power.

Ok, so this morning I log in and I'm kind of bummed out. and next week, as many of you guys know, I'm hosting a seminar in Miami with my inner circle students, so there'll be a number of us-based all sitting in a room. sitting in a circle will be trading and we'll have seminar one-on-one session, small group sessions, and stuff like that. And so during that seminar, I'm obviously not going to be in the comfort of my own office, right? I'll be in Miami which is fine, but I was feeling a little nervous about trading in the small account outside my comfort zone because it's so important that these first few days really count and I said to myself yesterday I was like, well, you know if Friday and Monday are good days, then I'll probably have enough of a cushion that I'll feel okay trading, you know Tuesday Wednesday Thursday Friday down in Florida If these are bad days, then maybe I'll just trade in my regular account and not trade in a small account just to be safe.

So after today I'm I'm feeling like I'll probably be in good shape to trade in a small account next week, which is great. but when I first open the gap scanner I was kind of bummed out because I was like this: all looks like this is terrible I'm not gonna probably get any trades today. these are all off the list I'm not interested in any of them I know Sava SI VA had volume but the pre-market chart was terrible up and all the way back down so that's no good I don't like that at all. Going further down the scanner I really didn't see anything here I liked and someone in the chat room said hey, take a look at LM px it wasn't even a stock that I would have looked at because it was way down here and let's see where is it? Just a four million share afloat? We do time frame historical 9:25 Maybe that's also why I didn't look at it So 9:25 So here we go: LM Px is right here.

so this is kind of like looking at page three of a Google search. you know I usually don't even go this far down but someone pointed it out and I was like okay, well let me look at it I took a peek at it and I realized that it's a recent IPO from yesterday and it's moving up quickly and immediately. You know what I thought of L if I n I thought of L if I am about two years ago towards no end of November December LF I N is a stock at IPOs it goes sideways for two and then all of a sudden starts to pop up. The company comes out with breaking news and it squeezes from five dollars over the course of two days to a hundred and forty dollars a share.

all right. Now, Why how does something like that happen? Well, there's two things that sort of add fuel to the fire and in this case, there were actually three. In the case of Lfi N, it was a stock that was IP owing at a time that the market was incredibly strong I mean incredibly strong We had Bitcoin squeezing up to all-time highs stocks left and right. We're going a one hundred two hundred three hundred percent.

So We were seeing incredible momentum in the market. Okay, so the market was really, really hot. The stock: IPOs And on the third day they put out news that they're opening like a cryptocurrency mining division or Bitcoin mining division or something like that and you know they just put a headline out that was so hot you know that everyone just jumped on it. It would have been very hard to short the stock because it was a recent.

IPO Usually IPO Stocks you're not going to find shares available to borrow it almost any broker. There are a few brokers that will have shares available, but they're far few and far between. Sure. CFDs You may see some shares available, but CFDs aren't trading on the regular market.

so when a short seller you know hits a hundred thousand share CFD order. That's not gonna all of a sudden cause the stock to drop twenty cents because there's no, you know there's just simply that that doesn't go through on the exchange. So as a result you had this stock Lfi Yen come out with breaking news. Extremely difficult to find shares to be able to borrow and what you often have is a lockout period where any insiders who are holding shares that have been sold to the open market they can't They are there that are holding.

They can't sell their shares on the open market through a period of time and and I'm not sure what the case was with Lmin, but that can create sort of the perfect storm for an explosive move. And then we've seen a few other times. in recent months we saw Bo XL year a similar IPO breakout. So the stock IPOs it sells off and then all of a sudden it rips up through the IPO goes from four to sixteen dollars just takes off I am te that was the stock I was trying to remember earlier on the same day.

it does an equally impressive move. This was sort of Lfi n sympathy like it was. it was months later but it was recent IPO taking off, difficulty finding shares to borrow. they've got news.

All of a sudden traders jump on it and off it goes. So when I saw LM Px and immediately I'm kind of searching the archives in my mind is this set up familiar and I'm thinking Bo xlim te l fi n recent IPO breakout. So I'm like okay, it's a recent IPO stock. It's got some news out this morning.

Interesting, the float is four million shares. Okay, let's see what this does. This might be the one maybe and you know I was I Was really wondering is this gonna be the next one that makes a move up to you know, ten, fifteen, twenty dollars or higher you know III was I was kind a ski myself that and so the bell rings and it pulls back a little bit and then as it breaks through five eighty the pre-market high, that's where I got in anticipating the breakthrough. five eighty and it rips up here up to Six, Six Fifty Nine and I'll go down here just to a ten-second chart.

For those of you guys watching the recap Warrior Pro students, you're gonna have access to the live trading recording and the commentary of me you know, taking the trade and you where you can see kind of everything as it went down. but this was my entry right down here. First entry, second, third, fourth and then my fifth entry was right here. Oops yeah let me to just turn off my drawing tool.

My there we go. So my fifth entry was right here and then I think my six entry was like right around here. So these were my four biggest trades and these two were smaller trades. Actually this was the this was the last entry.

Yeah, so it was right around there. So basically what I did was I jumped on it as soon as I saw the time and sales go green. Basically what I was waiting for I was just sitting and waiting watching it looking and you know, anticipating that burst of momentum. I would even say it still looks strong I'm still interested in it.

it's back at 6:14 I've been watching it for a while. The problem is I'm a little nervous about taking any additional trades on it in my small account in my small account I Really don't want to ruin a good thing and in my big account, you know the problem for me on this one is that I took this trade right here in my big account and I made like 20 bucks in the small account and then I lost 1,300 in my main account. So you know this is sort of the challenge with trying to trade in two accounts at once. That I of course was focusing on the small account at the open.

That's when we had peak volatility and then as I was slowing down on the small account, I was like okay, let me give the big account a chance to try to make a little money today, but the big account didn't have a cushion I was sort of behind the ball and you know I ended up you know, losing money on that side, but that's fine I'm not really sweating that right now. That's just one of the challenges with the feeling right now of I'm missing out on profit opportunity by doing a small account challenge because obviously $427 is is not a lot of money for me to make and so I'm I'm feeling some FOMO on that which is you know. So then I'm like okay, well I trade in my main account to you know actually make some real money but then I'm missing the opportunities because I'm taking them in the small account and I can't trade into accounts at the exact same time. In most instances, this is the nature of trading in small accounts.

it's the same thing to happen the last time. it's a small count challenge. I tried trading into accounts my main account in the small account and you know at the end of the month they were both green so it was good. But I did have that feeling that this challenge was sort of sacrificing profits during that period of time which is a little frustrating, but that's kind of on me to sort of control that FOMO not give into it and be able to just say stay centered and either on the one hand say I'm just not to being a touch my big account while I'm focusing on this because dividing my attention is difficult and I'd rather have a loss in the big account from a small account.

but I Still, you know, really should just be a hundred percent focused on one and simply accept the fact that right now I am gonna make a little less money until the account is a little bit bigger. But you know what? Today four hundred twenty seven dollars is not a bad day. That really isn't bad at all. So you know next week I'll have a little bit of a bigger account balance.

I'll be able to start trading with bigger size and so it's really only this first week, probably first ten days that I'm really missing on the most earning potential and then it'll start leveling out a little bit more. You know? But this is. this is sort of my challenge and it's a challenge. Very unique to my situation because no one I don't think anyone's gonna be in this situation.

You're like you guys as a student where you're like oh, I'm I'm gonna put myself into this. you know, small account situation. you know, just for like the heck of it. but you're not going to do that.

You're not gonna sacrifice your profit to do that. So you know this is something that I said I would do and I I'm I'm sticking with. but it does create a little bit of a tug-of-war for me because of this. You know these sort of opposing goals of growing the small account and focusing on at 100% but then also wanting to, you know, make some real money on some of these stocks.

Where with my big account on a stock like this, this easily could have been five, ten, fifteen thousand dollars of profit? Potentially, you know, But whatever. it's got to kind of put that aside for right now and focus on this. So I came into the day with six hundred, seventy three dollars and ninety five cents in the account. The accounts up sixty three percent.

So tomorrow or Monday I'll be up over a thousand dollars in this account, my total balance will be over a thousand, which is awesome and I'll you know keep going on the journey I did have one red day obviously on Wednesday I lost twelve bucks so I've had a little bit of a setback, but you know, having my first red trade, my first red day was kind of good just to get that under my belt and break the ice and now just kind of get into the zone of really trading a little bit more aggressively and I was aggressive on LMP X I took a total of five trades I was aggressive both in my entries and exits and using 90% of my buying power on the on the stock. and today it paid off. My max risk on the first trade was $50 so risk I was risking 50 and on that first trade I made about 150. So awesome! First trade and then from there I had a cushion so I continued to risk about 50 to make a hundred and you know, after a few more trades I was up 427 and so solid day overall.

I was super in the zone and that's why for the warrior pro students. the recording that you guys will get to watch that's uploaded to the live trading archives is the commentary of me playing back the recording and then pausing it and talking about what happened in that fraction of a second. That made me press the Buy button when I press the Buy button because this was a fast-moving stock and the just the live raw kind of recording is almost too fast to really follow. So I slowed it down and paused it to annotate and sort of mark out the chart of what I was seeing, what I was seeing on the level, to what I was seeing on the chart and everything else.

So you know this is the first small account challenge I've done in almost three years. It was January 1st 2017 when I did the last one and I started that challenge with $583 and I didn't have my first $400 day for I think it was on day, not 8 or 9 or maybe 10. So I'm actually growing the account even faster on this challenge. and then I did three years ago even though I had a red day on day two.

But that of course is mostly thanks to today, which was the biggest contributor so far--. but nonetheless, he accounts up over a hundred percent in four days of trading. It's awesome and I'm not doing 400 to a million dollars. That's not the goal.

This challenge I already did that I don't need to, you know I don't I don't need to try to break that record again. What my goal is is to grow this account and then drop the balance back down. So I continually trade in a small account setting because that's more relatable for you guys. So I'm just gonna basically grow the account up to I don't know fifteen, twenty thirty thousand dollars and then drop it back down and then grow it back up and then drop it back down and just kind of keep doing that.

Whether I go back down as low as 300 or 400 I probably I don't know I might not do that because it is. it kind of. It is very difficult and but will I drop it down to a thousand or 1500? Yeah sure I'm sure I'll do that. so that's kind of my plan right now.

It's a little bit of a kind of work-in-progress of deciding exactly what I am gonna do this coming year only because it will certainly have an impact on my end of year profitability and so kind of a you know it's a little bit of a speculation of well, if I focus a hundred percent on this small account and I put out some you know, really awesome content on YouTube and on Facebook you know will I make up the difference in what I lose in in trading revenue with what I gain from putting out really good content so you know that's it's it's a it's a tough call right now and it's something I'm kind of thinking about, but you know we'll see if I get enough thumbs up on this video. Maybe that'll help me decide. All right. So give me a thumbs up and subscribe to the channel and I'll see you guys first thing on Monday Morning Alright everyone, so that's it for me I Hope you guys have an awesome weekend and I will see you on Monday again.

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