Alright guys, so here we are: Day 44 of the small Account Challenge and I'm finishing the day up eight thousand, eight hundred and Seventy one dollars and Forty cents. This is the this is the account that I started on January first with five hundred, eighty three dollars and fifteen cents and today I'm crossing the $100,000 mark. So I didn't think it was going to be this soon. I Really? I mean at the very beginning of year I I Thought this might take me the whole year to get this far, but obviously I had some incredibly strong trading in the first three weeks and I was able to quickly get myself up above 25,000 which was the hardest part of the challenge.

So through you know fortune of having good good markets on my side and you know, just being able to get the right setups and the right trades, I was able to build up the account quickly and then from there I just really put the pedal to the metal through February with sixty thousand dollars of profit and here we are in March Its March 8th and let's see this week I'm up Twenty thousand dollars Last week I only made five thousand. so on the month right now I'm up twenty yeah, like twenty five thousand dollars. This is definitely not what I was expecting because last week was so slow. but I made six thousand on Monday I made six thousand on Tuesday and then here we are Eight thousand dollars today.

So that's 20 grand from 80,000 up to one hundred and one thousand dollars in three days of trading. So that'll do it. You know this is the whole mission behind this challenge. The rationale: The reason I did this was to show you guys that it is not about how much money you have in your account.

If you have, if you have skills, you can make money. it's really that simple and that's why my focus is to teach you guys how to trade. I Don't want you guys to be followers I Don't want you to follow me I Don't want you to follow anyone else I Want to give you the skill because once you have that skill, you make money. And this is an example where you know I came in with 583 dollars and 15 cents.

That's not a lot of money, you know. even if I was working minimum wage, I could probably over the course of you know, a couple months at most put together five hundred eighty three dollars. So it's not about having a lot of money, it's really about having the skill and and the experience. Now the skill and the experience can both come from trading the simulator.

and I Know that you know trading in a real-time simulator is 100 bucks a month and if you are really working minimum wage, you might not be able to afford that. Obviously you know the classes we teach you know are not cheap. If you were working minimum wage, that may also be difficult to afford. But the point is, really with a fairly small amount of overhead, almost anyone can get started as a trader.

and if you study, if you work hard and you really understand the concepts, these are the type of results you know that are possible at the I mean you know this is what I did in 44 days. so you know obviously these results are not typical. I've never seen anyone L to do this and I've been doing this for a long time, but it is. You know the reality that if you have the skill, you can generate some really good profits.

John Elton He's in the chatroom I Think he already left for the day, but he had a fantastic month in. February he made over $50,000 You know, ten thousand dollars less than me, and you know he's one of our students. He's He's probably going to be making more money than me pretty soon. He's really crushing it.

I Don't know where he's at on the month right now, but you know he's doing an absolutely you know fantastic job trading the same stocks that I'm trading every single day so you know my process. Every single day has been the same through this journey. I've documented every trade everything is going to be posted if it's not already posted here on the website. The 2017 verified earnings I've got my broker statements I've got the gains from sure trader from January 1st to February 6 and then I've got my trades from Speed Trader from February 7th to fed you 8:28 through the end of last month with my statement I will upload my statement for March on you know April 5th or April 6th when I get it and I will show you the you know these were real trades.

This is real money. There will definitely be people out there who say that you know there's no way this was real. This is all you know. a hologram and a hoax and you know what.

Let them Let them say what they want. This is real money. This is the real deal. These are real trades.

It's a real strategy. We've got so many traders in the room trading side by side with me, looking for these same setups and generating profit on these same trades. So of course I'm you know, super proud of you guys that you're able to follow along and take these setups with me and help grow your own accounts and help get a little bit closer to you know, living you know the dream. I mean for me, this is obviously a you know I feel very, very fortunate to be in a place where I could make $100,000 in you know, was it nine weeks? I mean you know 44 days but those are Marcus days.

So I mean it's It's obviously pretty ridiculous. This has been an incredible month and a half and I I just am so grateful that I made the decision to start day trading. They didn't give up when I blew up my first account and I didn't give up on the day when I lost thirty thousand dollars and cut my account in half. You know they didn't get give up after all of those days when you know I let revenge get the best of me.

Let my emotions get the best of me that I always got back on the horse and I always got back on the horse because I knew the potential that the market offered. I mean I could see that right away. You guys can all see that this is the potential the market offered. Even though I never saw anyone do something as you know as maybe dramatic as this, it certainly saw people who you know It said they'd made millions of dollars day trading and so I knew it was possible if I could master and it all comes down to understanding one strategy.

It's like a swimmer. If you've got one, you know either. the breaststroke, the freak, the the crawl. You know, the backstroke means you've got if you got one technique, you can survive, right? But if you've got no technique, so you're going to sink and if you're sort of good at all of them, but you really can't swim that well, you're probably also going to sink.

so you need to be able to have one strategy right if you're a swimmer. but it's the same with the market. This is not being. It's not about being a Jack of all trades, a Jack of All trades and thus, no, no pun intended, but a Jack of All Trades is is someone who's you know, so-so at everything.

And that's what a lot of Vermonters are like. You know, especially growing up with all the farms around here. A lot of farmers unique work on the lawnmower. You know how to do a little bit of plumbing, You know how to do a little electrical.

You could do a little roofing. You got to be able to do a little bit of everything because that's how you survive a rural lifestyle. But with the market and really would today's economy, it's all about specialization. You have to specialize.

When you specialize, then you start to gain a skill set that's highly valuable. You know that's why you have people that you know specialize specifically in. You know, repairing. You know, certain types of cars, you know everything's gotten so narrow, and you know in the skill set that you need for these different things.

Trading is the same way. If you want to be a successful trader, you need to master one strategy. A Jack of all Trades and a Master of None is not something that works in the market. And I know that from you know, years of experience trading myself, and years of working with students watching students who were kind of so-so at five different strategies you know who are trying to do five different things now today I actually traded two different types of strategies I traded my reversal strategy on Qualcomm made three hundred fifty bucks and then I traded the good old-fashioned momentum strategy on a UXO and my OS and I made eight thousand, five hundred dollars.

So you can see which of those strategies is really paying the bills. You know that's the one that I've really mastered the reversals. I like but Qualcomm is a $60 stock. I took two thousand shares and I had a hundred and twenty thousand dollars cash into that trade.

Actually I had 90 thousand dollars cash and then I guess thirty thousand dollars of margin and even with that amount of money, I was only able to 350 bucks, you know, Whereas with my OS this is a three dollar stock. I had seven 15,000 shares, not 17. So you know I had $45,000 into it. you know I had half the amount of money, half the amount of exposure and I was able to make you know whatever.

eight times as much money aux. Oh, I took 20,000 shares. It's a good amount of risk that was a $5 stock, so on that one you know I put almost $100,000 out there. but I got a 6% return on the money in a matter of, you know, 15 minutes.

That's that's big. and I guess if you look at my gains today, in total, my account is up almost 10% in a single day. All right. so you know if I put all of my money right now.

if I put this into a mutual fund for the rest of the year I mean I would be lucky if it made 10% over the rest of the year. So the bar is pretty low. You know when you come out to trade, you know to make more than 10% you know you're you're beating the market. Typically if you can do 15, 20, 30 %, you know you're really beating the market.

And for me, obviously the percentage gains are I Mean it's it's kind of a joke to even calculate my percentage gain from 583 dollars up to a hundred grand. But here's the thing. and I've had a lot of people say this and so let's set the record straight. here.

People have said Ross give me a break. I Don't believe that this is real money because if this was real money you would have taken at the beginning of the year you know, a $50,000 account and you'd be turning it into a million dollars. Or you'd be taking a $500,000 account and turning it into a billion dollars. Why aren't you a billionaire yet? if you can do this And I said okay, Well here's the problem.

if I wanted to take a $500,000 account and turn it into a billion dollars, I would have to multiply every single trade that I took every single share by at least a thousand times. You're not going to be able to buy 300,000 shares of these stocks. I mean you would have to be taking position size to the point where you're actually taking a small stake in the company. You know, like a five or ten percent stake in some of these companies, maybe even more for some of the low flow stocks.

That's not realistic. So there's a liquidity issue and this is something that I've always known about. my strategy that there's the limit. So on the one hand, I could have started trading something you know, maybe started with with large caps or something like that.

Knowing that those those stocks maybe can afford a little bit more scaling, you know I might be able to buy 20,000 shares of Facebook and put two million dollars into the market and try and date rate it. You know I mean I might be able to do that, but you know even then you have the issue of liquidity of your own liquidity of do you have enough money in your account and Facebook obviously doesn't have the type of ATR that a lot of these small caps have. so you'd be settling on smaller percentage gains. And that's ultimately what happens.

You know the larger your account gets, the smaller the percentage gains. But of course, if you do, you know five percent return on a two million dollar investment. You know that's that's certainly a lot of money. I'm not going to disagree with that, but that wasn't the place for me to start because when I started I had a small account.

so I couldn't afford to trade Facebook I couldn't afford to trade probably even a Qualcomm You know I just couldn't afford to. So I had to focus on the stock's price between $3 and $10 that had the potential to move 30 40, 50 percent, right? That's where the big opportunity is, and that's why we see so much relative volume surge into these types of stocks each day when they get momentum. You know the parabolic stocks that we see like the D Ry S that goes from you know, $3 to $100 or the you know there's been so many the the DG ly, the La Ke, the A Qxp, the KBI OS You know the Sae X, You know there's just dozens of them that have gone from you know, one or two dollars to 20 or 25 or 30. I mean it happens again again again.

Those are all stocks going from that you know $2 to $8 range up to 20 and 30. Those are the types of trades that someone with a small account needs to be aggressive on. you know if I was? and honestly, we haven't had an amazing parabolic stock this year. I mean the last one we had I would say was D ry s.

We've had a couple that were really good but but not as good as that. So if I had been lucky enough to have one of those types of stocks when I was in this mindset to be really, really aggressive. I mean it could have had a 25, 35, maybe $45,000 day. but even still, my best day of the year so far is $22,000 Now that's the best day I've ever had trading and my worst day I've ever had trading was a $30,000 loss.

So you know I'm hoping that I can I can have my biggest green day eventually be bigger than my biggest red day that would be you know something I'd really like to achieve, but in any case, you know this is a strategy that that is really good for growing small counts. and that's essentially you know what? I'm showing you here. You could apply the same exact strategy to a fifty thousand dollar account or a $500,000 account, but you wouldn't be able to fully utilize all of your leverage and all of your buying power because you can't buy two hundred thousand shares of a stock to try to get a 20 30 cent move. You know it just doesn't work that way.

So yes, there is a limit to how far you can scale this strategy, but you know, if You want to learn more about strategy that I used to take $583 and turn it into a hundred grand in 44 days, you know, then definitely keep listening, right? I mean that's the thing you know and this would put me on track. I Guess this is a hundred grand in the first quarter. You know that would put me on track for four hundred thousand dollars this year I did two hundred twenty two thousand last year. so you know I I don't know I mean you know we'll see I'm not going to set the bar that high just because I don't want to.

you know, put that pressure on myself and I haven't decided exactly what I'm going to do for from here. But for the time being, I'm just going to keep trading, keep trying to build up this account and and you know, just keep doing my thing. I mean maybe I'll just kind of keep doing this for at least the first sealable future and and see where where it takes me. It's possible that in six months or eight months, I'll have doubled the account or tripled the account, but I'm the percentage gains are certainly going to decrease.

The only way that I would have you know a $90,000 day or a $100,000 day or whatever is if I started taking an exceptional amount of risk. and I don't want to put myself into a position where I risk giving back. you know my whole this whole challenge I mean that would obviously be a really horrible thing to do. Alright, so in any case, I just wanted to get those couple things out of the way.

Number one: You know that my goal is to teach you guys the strategy. not for you to look at this and think oh, I can just follow Ross and every trade he takes. No I don't want you to do that. Following is not the way you achieve really independent success.

sustainability. What if I you know fall off the map. What if I you know I mean well I mean who knows? You know what if I get hit by a bus and then then what? you know you've lost your source of income because I mean you just. you need to be able to.

You know it's this is the whole thing you teach a man or woman to fish they for a lifetime and so that's what I want to do I want to teach you to find these setups side by side with me you know and and look at John as a role model as well. You know he's he's been doing this side by side with me and if I'm out of the office for a week or whatever, it's not going to slow him down, he's still going to keep doing his thing. You know it's no big deal. Alright, so that was the first thing and the second thing.

the scalability of the strategy and the reason why I'm not a billionaire right? I mean of course I wish that I was a you know had the the skill set or the the mind to really pour into the fundamentals of a company and say look, this is a stock that's you know going to double this year like who wouldn't like to have been able to you know put $500,000 into Nvidia last year you know when the video went from look at the daily chart you know this thing went from like you know, was it like 10 bucks, 20 bucks to over 120 you know, but that that's you know that's just a different level and that's not where I'm at. You know that's I mean that's for the guys that are good with that stuff, but everyone kind of has their skill. You know to me that's more of that macro kind of picture of you're looking at the big picture, you're looking at the fundamentals and I've never really been good at that. I focus on very short term I focus on the technicals.

So for me it's a hundred percent technicals. Fundamentals are very little a very small part of what I do. So when I focus on the technicals I'm looking for a stock today that has high relative volume, you know and again when I started trading a stock like Nvidia that went from 20 to 120 dollars? you know when I had a really small account that wouldn't have been enough to I mean if I put $500 into this at the end of the year I'd Have you know two thousand? I mean but that doesn't do it right I Mean it's fantastic if you put a hundred million into it, but if you put a small amount of money into it, doesn't it doesn't work. So yeah, again, you know.

going back to this whole strategy for me evolved from a place of needing to generate, you know, relatively consistent returns using a small amount of capital. The goal being you know, $100 a day? $200 a day? And you know when that's your skillset, when that? When that's your focus, the skillset that develops is. you know what you see here. It's not really an ability to be a really strong long-term investor, because I've never I was never in the position to really grow that skill.

All right. So again. so now now that we've kind of gotten that out of the way, we'll talk about today's trades, which you know really are not anything that special. I mean a couple of good trades today that just worked out pretty well and got me over over the hill.

but it's nothing different from what we've seen in the last 43 days looking for momentum. So what does my process? Each day? My process is pretty much the same. I Pull up my gap scan and those of you watching in the chatroom I'll move this out of the way so you can see so I pull up my Gap scanner right here and the first thing I look at. you know what's our gapping facts like? what's what's going to open higher than it.

Closed yesterday and so I could see I'll show you guys on Facebook These are the the gaffers from this morning and these are my gains here today. so you can see. I Started today with ninety two thousand dollars and eighty eight hundred total profit. All right.

So P R K R was our leading gap or and you know what, we were watching this yesterday and I'm kind of like annoyed that I didn't do anything with it the last time. PR Kr had really good news on a copyright infringement or trademark patent type of thing. It did make a really you know pretty parabolic move, but it's again not my not my Mo to buy a stock at 3:30 in the afternoon and then hold it overnight. You know, when was the last time you saw me do that literally? During this challenge and through all last year I have not done that one time.

tell the stock overnight. so I said well, you know whatever. I'll watch it tomorrow morning. we'll see how it looks and maybe I'll maybe I'll take a trade.

So this morning it's gapping up 40% on 2.3 million shares of volume and I saw I than I thought Well you know it certainly looks interesting, but my concern is that we're already trending down so you can kind of see that I would say the point that marked the front side of the move to the back side was right around 7:40 a.m. when we broke that 9 moving average. that breakdown there kind of ruined the chart and again I'll show you guys on Facebook Live that point there broke the chart and from there we just sold off. So once the bell rang I just I was like no I don't think it's going to be good and just continue to be weak.

All right, so nothing on that. Also on the scanner we had mfin only 12,000 shares TI x kt O v ship and none of these really looked at that great. So this is actually one of those days where I didn't take a trade in the first five minutes I just sat tight I mean I really just kind of sat tight and waited for something you know to pop up on the scanner. So I mean that's pretty much my focus I Used that high Damos scanner in the back and I'm just waiting for something to pop up.

so we put this back. The first one today was my OS and my OS is a stock that made a really big move now. I Guess it's about a month ago where it squeezed up from a dollar thirty to seven dollars in one day and we've seen one, two, three, four, five so far. at least five, maybe six.

Pretty impressive days that all each gave us some pretty good opportunities for gains. I've made a good amount of money on the stock this year, so when someone said hey, Ross look at my OS is spiking up, part of me was like, well, I'll take a look at it but I don't think the daily charts very good because the last time I didn't hold that level which was this red day but I was like alright I'll take a look at LCL Cialis and I see it popping up and I immediately thought okay, actually, this does look good because it's above the 200 moving average. it's above the 20, it's above the 50. It's also above the 9 moving average, so it's above those resistance points.

Number one, number two, it's still, of course, a former runner with a relatively low float. and number three, at this point, it's already up. you know, ten, fifteen percent. so it's getting some some volume.

So I said, alright, I'm going to jump in this and I jumped in with about 15,000 shares, fifteen thousand, five hundred with an average of 355. So my average was a little on the high side and the reason is because I added at forty five and then I added again over the half dollar. So it just ended up giving me a higher average I got filled at the top of that order. We popped up to a high of 375 and so immediately on 15,000 shares, I was up.

you know, three grand and then it drops all the way down to 335 and I was down to grand or maybe actually three grand and so you know I was very quickly like okay so what's that rule that I made You know two weeks ago when I had a couple stocks do this. To me, the rule was when it comes back up to break, even get out flat, don't try to make it a winner anymore, just just get if you can get out break-even consider yourself lucky because you were just down. you know, two or three thousand dollars. so it starts to pop back up and I was basically like you know what I like to set up I'm just going to hold it.

so I held it. it pops up to a high of 86 and I'm thinking four dollars back of my mind target and then it flushed down to four to three forty three. So on this one as it started to flush down, it hit 86 and then it pulled back down to 360 and there were I think there's going to be a twelve thousand share bid at 360 and I saw the bid there it was like twelve thousand and then it was ten thousand, eight thousand, seven thousand and I said you know what I gotta just bail I hit the bid and I was out. So I only made an average of I mean what was it? sixteen cents total on that one and you know I sold partial I sold some in the 80s but I think only six thousand shares or something like that so you know just didn't end up being exactly what I wanted I was thinking that had the potential over four dollars to really get some action, so it got a little a little bit of resistance in that area and then washed right back down and that was essentially a false breakout on the 5-minute sharp.

All right. So I take the my OS tray to make 23 hundred bucks. So I'm like, alright, that's good, you know and in the back of my mind I wasn't even thinking a hundred thousand dollars was going to happen today. I was just like yep, good trade Now what's next and the next one was cucum So this came up on our scanner as early as Nine Thirty five surging up on the scanner and it was on the reversal scanner because it had a five, seven, eight, and then nine and ten consecutive green candles so you guys can see this again.

For those of you on Facebook, you can see all those consecutive green candles, right? So this is just a matter of statistics, but when you have this many green candles, you eventually need to get a red candle. I mean they're not going to stay green forever. So I just said well look the first candle to go red I'm going to short and that's what I did I just shorted 2,000 shares off the high at $58 50 802 was my short. Now the lo of this candle right here was 5801 and I actually thought I shorted it on this red doji I actually thought this was going to break the whole dollar 58 right away and I didn't want to short at 50 798 the low of the previous one minute candle.

I figured out just short just a little early because I want to short at the whole dollar and I also thought once we break that whole dollar, we might flush through and all of a sudden drop back down. You know, 257 90 and then I won't you know I will get filled. So I was like I'll take a short and so I shorted 2,000 shares at 50 802 with my stop at high of day. So the high of day on this was 5808.

so I was risking 6 cents 120 dollars. It's not a lot of risk right? so I risk sixth sense we dropped down to 57 90 and then we pop back up and right here when we were hovering at 58 I had my hand on the Bible to cover I mean I was about to cover if we broke over 58 but we didn't we drop back down down to 57 81 and then down here down to the 20 moving average down to 57 68 and down to 57 67 and then I covered as we started to pop back up. So I covered a thousand shares in the night at write right around 80 88, 87, another 500 shares around 70, I took another 250 around 68 and then finally the last counter 25 shares once I was almost all out. So overall I mean this is a super solid trade.

Super clean now. We also had a good 5-minute set up because this candle at the top was a doji and so we knew the first candle to make a new low in the 5 minute was also something to watch. So with my short at 58, the low of this candle was 57 90. but I didn't want to double their because I already had 2,000 shares I didn't really want 4,000 and I didn't know if this would be weak enough to to roll over.

And the other thing in my in the back of my mind was of course, you know what if this stock gets halted pending this? I mean just what if, right? And it opens at $65 I Mean you know 4,000 shares exact? That could be horrible, right? I mean I could lose? You know, fifty thousand dollars, you know it could get. It can get pretty bad. so that's part of the issue there. Knowing that, you know I've got a lot of capital tied up just to trade with a little bit less size.

so 2,000 shares? nice easy to trade 350 bucks and at that point I kind of thought. all right well you know, maybe I'm maybe I'm done for the day. Things are slowing down and I saw people throwing out in the room a UXO and I pulled it up and I was like all right, you know I see it but when I first pulled it up, there wasn't much volume on it like 50,000 or 70,000 shares. but you guys were like oh we'll take a look at it, it's a recent reverse split.

There's a 750 price target on it so it's like all right, well I'll watch it and if it starts to get volume, I'll just wait for a little pullback opportunity and I started watching it right around. 4 for 10 for 12 so it goes 2 for 10. it goes up to 425 and I was like all right and then in this candle it goes up to 435. Okay, all right, low and then here we go up to 472.

So now I'm like okay, maybe I'm missing missing the whole thing and I said I'm going to wait for the first red candle and we got a red candle right here. This candle hit a high of 483 and then pulled back to 459 and at this point I was like clearly, this stock has a lot of potential. You know it's it's already moved up quite a bit. It has that recent reverse split potential that we've seen on some of these other stocks like GEVO and KBS eff and some other ones.

So I was like, all right, it's for those reasons, definitely worth keeping a close eye on. So I said all right fourth red candle, next candle to make a new high. Oh my entry. ideally I'd like a nice clean bull flag, a nice clean pull back, but if I don't get it, you know there's nuts fine.

I'll just jump in at 83. Jumped in 5,000 shares at 83 and we pop up from 83 up to the 90s and I use my hockey control-1 to add 2,500 shares I press it once and twice now I've got 10,000 shares I press it a third time and a fourth time now. I've got 15,000 shares and when we're right at $5 I said all right I'm just going to add another 5,000 20,000 shares with an average of 494. Now this was risky because my stop potentially on this was all the way back down to 450.

I mean it really? I mean it might have been hard to keep the stop much tighter than that so the risk was higher on this and I think on this one. I realized this is a homerun potential Stock This is it's got everything I want I'm seeing lots of traders throwing it out on Twitter and stock - its people are watching it I'm going to jump in and let's see what it can do. So I'm in 20,000 shares at 494, we pop up to a high of 50 of 43 and then we pull back here down 205. We come back up to 40 and when we can't break that level right there, that's when I said that's it I'm throwing in the towel I Sold at 535 and 525 and that was it.

Six thousand, four Hundred and Fifty Four dollars. So this had the potential maybe to go over 550 up to 575 up to six. It just couldn't do it today, you know, and for whatever reason didn't have that amount of momentum. but it was enough to lock up six thousand dollars and put me over the hundred thousand dollar mark.

So that was the last trade here of this challenge. and I'm definitely you know, thankful for it all of these almost every single one of these. I Found using my Trade Ideas stock scanners. Between the Trade Ideas dock scanners and our community where you know this morning we had around 1300 or so traders all logged in at once.

You know, between traders calling out ideas in our chat room you know, stock to its Twitter and of course trade ideas I've been able to find the momentum each day. It's the same process it looks for the gap scans I look for the set up and then I usually wait for the first pullback whether it's on the one-minute or the five minute time frame. Alright, so you know that's that's pretty much it for today. Tomorrow you know we'll keep doing our recaps, we'll keep trading, and we'll just keep growing this account one day at a time.

But the real thing that I wanted to do was show you guys that you can take five hundred and eighty three dollars and turn it into a hundred grant and so I have achieved my mission and I hope you guys have of course enjoyed watching me on this journey. It's been at times very stressful and you know at times embarrassing when I've you know made mistakes, taking big losses and you know kind of had to just admit that I made a mistake that I got emotional that I got too aggressive but you know you guys have been able to see the whole thing and you can watch it all on YouTube from day one all the way up here through day 44. So again, if you guys have questions those of you on Facebook or Youtube, you can post them in the comment section. those of you in the chat room I'll answer questions for you here.

So yes, we are burning the celebratory candle today. Smells like victory. It's it's this is a good one. I've been this candle has been in the Box sitting next to my desk and I've been thinking about the day that I open it up I Was thinking maybe it would be a week or two from now, but I'm super happy to do that today.

So let's see to answer your questions now. Daniel You know I had some days during this challenge that were pretty bad. my worst day I lost $13,000 So you know it's not to say that every single day was a Green Day I'll obviously have the recap. maybe I'll do the recap at the end of the week going over this whole challenge, but yeah, you know I definitely had some pretty bad days and I had to get back on the horse you know and kind of put the pieces back together and regain my confidence a little bit.

This has happened to me enough times my trading career though that I was able to get back on that horse knowing that. look, I'm the same guy that made two hundred thousand last year, you know? I'm the same guy who lost 30 grand and then made back every single penny of it and then some. Obviously, you know I can do this. I've got this.

That confidence comes with experience, you know? So as a beginner trader, it's really important that you trade with smaller size. So when you have setbacks, they're not as devastating. You know, for me, as a beginner trader when I lost, you know first losing 15,000 I'm a bad trade and then losing 30,000 another bad trade. you know those are really really big losses for me at that point I Just you know the those were almost.

It felt you know insurmountable that I would for me to be able to bounce back and get over it. But I did. And you guys can too because you know anyone who is sitting where I am. You know who's a profitable trader and is consistent.

Knows what it's like to have those days where you know you get beaten up and you take a big loss. It's humbling. That's one of the things I say about this job. You know? Yes, we can be very very successful.

We can make a lot of money, but you you know you can't get spoiled with that because you know you're gonna have a day where you the market slaps you in the face and you give back some profit So you know that's just I mean I Think for most traders that keeps helps keep keep us humble on the fact that you know in one day I probably just made more than most Vermonters making like two months. So mark earlier in the account. Earlier in this journey of building the small count during the first couple days, my strategy for cutting losses was a little different. My trades I mean for the most part is they had to work almost immediately or I would get out.

So my loot my most of my losers were really short trades because I would get into the trade and it would drop right away and I would sell I would just be out or if I got in and it was pausing I was up only three or four cents I would just get out because I couldn't afford a loss. I mean I started with an only eighty three dollar cushion over the minimum account size. So I really couldn't afford probably more than one loss And you know that's kind of what it was like I Get in. I'm expecting an immediate breakout now.

I'm expecting an immediate breakout because I'm buying at the apex point. you know I'm buying the first five-minute Campbell to make a new high. The first one minute candles are making you high. So I'm buying a setup that is very well recognized and if it doesn't work, there's something wrong with it.

Maybe the stock is too heavy, Maybe there's a hidden cellar? Whatever the case may be, but I just would get out. Now the problem is, that's become harder to do as my position sizes have increased. You can't usually just mark it in with 20,000 shares, then get right out a minute later if you don't like it because you're going to lose 20 cents maybe and slippage so you have to have more conviction. You do have to hold through some of these pull backs sometimes, and I'm willing to hold through a pull back on the right type of stock.

You know, a stock that has that homerun potential. but again, that means being pretty selective about the stocks. I'm milling to trade, so you know today I took three trades this week total I've taken an average of three trades a day yesterday I took four the day before I took three. So it's not about trading a lot.

I'm up $20,000 this week on ten trades or twelve trip now. Sorry, yeah, ten trades so you know $2,000 average winner. And obviously they aren't all winners. But it just goes to show that it's not about trading a lot, just about being really selective.

My accuracy this week is 70% All right, an average winners. This week our 25 cents average losers are 11 cents two to one profit loss ratio average share size 10,000 shares. Alright guys, so again, I'll answer more questions on in the comments so always come back and and leave your questions. I'll I'll make sure I get to them a little bit later on and otherwise I'll see you guys all first thing tomorrow morning.

All right! Day 45 Thanks guys! let's be honest, if you made it this far, you must have really enjoyed that video. So what's stopping you? subscribe right here and get email alerts any time I Upload new content. Until then, happy surfing!.