All right, what's up everybody? Okay, so today we're going to do a midday market recap and talk about some of the trades from this morning. So today is day five of the small Account challenge and I'm finishing up one hundred and forty-eight dollars which is pretty good I mean that's another 12% gain I started the morning with 1201 dollar and I'll start tomorrow right around 1350. So this is up about a hundred and thirty percent since I started the small account on January Third with five hundred and eighty-three dollars. So last week I made a little over six hundred dollars and my target this week is to if I can to make about a thousand and you know we'll see obviously I need to make two hundred, you know, 250 a day at before commissions in order to have that happen today I made two hundred twelve dollars before commissions.

So once again, commissions are a pretty, you know big piece of my profits right now, which is really not ideal. Alright, so I'm going to show you guys my P&L for today, you can see right here: one hundred forty eight dollars Profit: 212 realized before commissions. So that means commissions today are about sixty three dollars which is pretty brutal. I Mean you know that's really not ideal I Don't like Commission's to be that high, but this is part of the deal with trading with a small account.

When you trade with a small account, your commissions are going to be you know, just a bigger proportion and of your profits. So it's I Think one of the areas where trading with a small account is just that much more difficult. You know that you know every trade you take you have a commission on so you know if I buy what doesn't matter if I buy a hundred shares or if I buy a thousand or if I buy ten thousand I'm still going to pay in sure Trader 495 per trade. Alright so let me drag up so you guys can see for those you watching on screen share that's my PNL for today $148 And yeah so with the with the Commission's I mean this is just part of the deal with a small account, the Commission's are going to be a bigger piece of the pie and that's going to continue to be the case until I can increase my share size.

Now once I'm able to get my share size a little bit higher and start taking you know twenty five hundred shares or three thousand shares. When I make five, ten or fifteen cents, I'm going to have a bigger profit from that same move in the stock and that's going to offset the Commission. So you know on a day like today, commissions are again you know about a third of my profit which is annoying but is just part of the deal with trading on a small account. I Think the biggest issue though is that for traders who are getting started and funding their first account, they don't realize you know how the bar and how the odds are sort of stacked against them.

It makes it so much more difficult to be successful because you have to be really, really focused on every single trade you take. So today in the small account, I took my 14th trade and it's my 14th consecutive winner. I've had 14 trades in a row and all of them have been winners. They haven't all been big winners, some of them have been small winners.

In fact, today my smallest trade was only a $9 winner so it didn't work out the way I wanted it to. But I was able to get out quickly and that's important, you know I got in for a breakout. it didn't work I stopped out with a 1 cent profit on 900 shares. Now that didn't actually turn into a profit after commissions, it was actually a loss.

but you know it was still a winning trade in terms of my entry and my exit. So you know one of the things that I've been able to you know kind of do in the last couple days is look at this account as an opportunity to exercise self-control and patience. And so today, patience was a big one because I had a few stocks on my watch list and I'll go over those in a minute, but none of them really panned out. None of them really ended up opening up or working.

so you know by 9:45 10:00 a.m. I was sitting here and I had I didn't have anything that looked good I think let's see what time was my first trade. My first trade was a 952 so that was when I got in 953 got in PTX and you know that was usually I take my first trade within the first 15 minutes. So to have my first trade be you know not until 20 minutes into the day is a little unusual.

It's an indicator that the market is a little bit, you know a little bit slower. So and I was saying you know what I don't need to trade a lot if I can just focus on taking you know even just one trade today. one good trade is all I need. So I got didn't seen that and I made 84 dollars I was like all right or sorry I got in PTX and I made 84 dollars on my first trade on PTX So I'll show you the chart on that one I was watching it pre market and it was a gapper so you know kind of was fitting into my watch list watching it long pre market over the high of 3:21 So I'll show you guys who are watching on the live feed you can see here.

This moved up on Friday up to a high of let's see looks like 343. it pulled back and then pre market it was gapping up and had a pre market. high of through 21. So I was watching it long over those pre market highs.

but then just before the bell rang it spiked up to 350 the market opened and it dropped down. So I was like, well, looks like another setup that's ruined. but then it started to squeeze up here in this candle and I got I Jumped in here at 3:40 and rode this momentum up to the high of 355. So on that one I was able to capture.

you know a nice little profit. it pulled back I got back in for a second trade on it. So total one hundred thirty two dollars on that name between two trades. Actually it was three noes, two trades.

Yeah, it was actually two trades and the 84 dollar winner was that was on Cena that I was thinking of. So you know on PTX 130 bucks. not bad and it was kind of like all right You know that gives me a little bit a little bit of a cushion and that's kind of me getting started at the same time I was watching Eat Erm, Eat Erm is the stock that today is up another 100 percent. pre market high was 11:40 and this squeezed up to just under $19 per shared.

So I'll show you that one as well. Now the problem with Eat Erm is that it's on restriction at Sure Trader so I'm not able to use my margin on it. Alright, so with my account here I have 1200 dollars in equity and I've got eight thousand, fifty seven dollars in buying power. That's the buying power right there.

But I can't use that on Eat erm I'm not allowed to I can only use a the amount that I have in equity So twelve hundred dollars times a twelve dollar stock I can only buy a hundred shares I can't make money on I cannot make money with a hundred shares I can't make enough to overcome the Commission's unless I make you know fifty cents or sixty cents per share. But that's just it's setting the bar too high. So I said forget it I'm not going to trade that one and the problem is that you know this ended up squeezing up another you know, a hundred percent today and I think everyone's attention was on eat Erm. The problem for me was that even to trade in my regular account, eat erm was not a clean stock.

it was not. It really wasn't easy to trade, you look at and you think oh, this must have been super easy. it really wasn't So I'll show you. um for those of you here watching right here, the stock I was like okay I like this at 10:24 a break of fifteen dollars I've got my order ready to get in at fifteen.

it pops up here to Fifteen twenty and let's look at the one-minute chart. This is what it did at the breakout point. At the breakout point, it broke, it, squeezed up to Fifteen twenty and then it dropped down to Fourteen thirty. That's one of those moves that just can make you take your laptop and throw it out the window because it's so frustrating.

it makes no sense. It's not logical. it's not what you expect to happen. At the breakout point.

it breaks drops and then starts to open up. And when you look at the 1-minute chart, you can see a lot of these candle wicks where it squeezed up, drop down, squeezed up, dropped down and it was just super super choppy. So I did end up taking one trade on that in my regular account and I promptly lost like 290 bucks. So you know what doesn't matter.

My focus right now is trading the small account I Don't care too much about you know if I make or lose 100 bucks or 200 bucks in my big account? That one, you know I Got a neat erm looking for a bigger move and not trying to scalp five or ten cents. but I wanted to see like you know, fifty cents or a point or something like that didn't happen. So whatever. But you know the problem with these Trm is that everyone's attention was on that stock.

Everyone's attention was on a stock. One of the ones that was the most choppy and difficult to trade today and so as a result other setups didn't end up working out very well. This was kind of like let's say, like the new jungle gym on the playground. You know it was new last week, but everyone's still really excited about it.

You know? And someone today brought in a new a brand new seesaw. It's brand new before like listen I don't care about seesaw and then the other day people would have been like oh, this is a new junk, this is the new thing on the playground I want to I want to check it out but because Eat Erm is so cool, everyone is still focused on that one. You know what? I think the majority of traders who traded this today probably lost money on it. and you know if you finish any day in the market green, even if it is only by a hundred forty eight dollars in my shirt trader account.

Statistically, you're doing better than 90% of the traders out there. Ninety percent of the traders out there will not make money consistently as a trader. So you know what, even if you do only make fifty dollars, so you're only making a hundred dollars, you're doing something right. The problem is stocks like Eat Erm.

You know they trigger that fear of missing out, right? And that's that's that gree. that emotion that starts to rise up because you see this stock making a big move and you want to get a piece of it and then you're sitting there thinking how am I the only guy who didn't get a piece of it? You know you see people on Twitter stock twit saying yeah I made $5,000 I made $8,000 and you're like, you know, gosh, this is so frustrating. I'm the guy who couldn't get a profit on it or who sat here just staring at it wall went up higher and higher and higher. If you didn't have what you thought looked like a safe entry, you shouldn't have taken the trade and you did the right thing by sitting on your hands.

So you know I took a stab at it today. it faked me out and whatever. No big deal I didn't you know bet the farm on it I was very conservative with how much I was willing to risk because I knew this one was going to be choppy. So I lost a couple hundred bucks I'm not going to sweat it, but you know the the bigger frustration was that this made the other stocks I was watching like PTX and seen at you know, less active, less volatile because everyone was watching each.

Erm. So PTX you know, nice little follow-through trade on that a small profit and then seen that started popping up on the high a day scan. This one has a nice daily chart because of the way it's come down to the nine moving average and is now bouncing off that level you can see here. this is what I like for daily chart breakout.

so you know good setup but it just you know couldn't really hold those levels over 550. I was able to still make 80 bucks on it. So you know today's a day where like I said I'm closing the day green. It's a good day in the show Trader account.

Yes, commissions relatively are a bigger piece of the pie for every trade I take. That's going to continue to be the case for you know the first few weeks as I'm building up this account and it's just something that I have to deal with I mean I have to be very very disciplined I have to be very smart about the stocks I'm willing to trade because every single trade I take I'm paying that Commission So if it's not a trade that has the potential to give me a 40, 50, or $100 winner I can't take it because even if I make $50 after commissions is probably only going to be 35 and you know I'm fine with a $35 winner. But the problem is let's say I make $50 before Commission and I was like, well I'm going to I'm going to risk 50 to make 50. but then the winner is only $35 because of the Commission But guess what, the loser is 50 plus Commission is 65.

So now I have losses that are much bigger, almost twice as big as the winners and I need to be at 65% just to break even in 75 80 percent in order profit. Right now, the cards are stacked against me and that's what happens to a lot of beginner traders. They don't realize the impact that commissions are going to have as they're getting started and how you know how much more difficult it makes it. So at this point for me, I have to focus on taking one to two trades a day, maybe three to four if I'm having a really good day or I'm seeing a lot of setups and then you know, slow down, step back, take the profit, be happy with the profit, and wait for tomorrow.

So that's kind of the game plan obviously for today. Happy to finish with 150 bucks or whatever it is, you know. And the approach is just looking at the stocks that are gapping up that have volume. the relative volume leaders.

Almost every single day, the stocks that make the 20 to 30 percent intraday moves will have the highest relative volume in the market. It's important, high relative volume. That means lots of traders, like all of us, are watching these stocks. And that means when they have the proper bull flag or flat top breakout, they're more likely to resolve in the direction we expect.

Now, it's not always true. There are certainly times where you know we get false breaks like we got on. ET RM That's the more common than stocks as they get crowded. stocks that are kind of overdone that are running on no news.

you know that kind of thing. but I'm socks that are, you know. Fresh breakout, fresh news, fresh headlines. that's usually when we see the clean follow through.

So for me, all you need to do is look at the top you know, top five gaffers. I Expect that they'll be also the top five relative volume leaders. Those will be the top five stocks with the highest likelihood of moving 20 or 30% intraday. and then my job is just to find the entry to find the first pullback.

the first bull flag, the first opportunity to get into the strong stock and ride that momentum. if I can do that twice a day I can do well. And you know, even here in the first week, the first five days of trading in the shirt trader account. in these five days, I'm up now about seven hundred and sixty dollars.

I Mean that's putting me on track to make thirty five thousand dollars a year even if I didn't increase the size of the account. if I kept drawing out money and resetting it to five hundred dollars every single week which I'm not going to do. But even if I did that, that put me on track to making you know thirty five thousand Dollars which is fantastic from a five hundred dollar account size. What I'm going to do is build the account up once I get to four or five thousand dollars.

I'll probably keep it at that level and then start drawing profits out of it, saving the profits to put them into a speed trader account with twenty five thousand dollars. Alright, so in any case, that's about it for today. A couple notes that I had the biggest one was about commissions as I said. so make sure you trade smart and try to not let that fear of missing out really get to you.

You know the people that put stuff on Twitter They put their winners and stuff like that. You're seeing a disproportionate amount of winners because people don't usually put their losses on Twitter So people have a loss. They're not going to talk about it. So what you end up seeing are all these people who made money.

But that's not an accurate representation of the way trading works. Most traders lose money. So if you're walking away today with even ten dollars or fifty dollars in profit, you're doing well. I Mean that's a step in the right direction.

It's just about doing that consistently. Once you're consistently making fifty dollars a day, the only difference between making fifty a day and making a hundred a day is share size. That's the only difference. Increasing your share size and you start to see profits.

And that's that's good because once you're consistently profitable, you can start making 3 Hut 4, 5 $600 a day. The frustrating thing is that for traders who are like look: I only want to make $50 a day I'm not being, you know, crazy about my expectations. It's frustrating because once you have the skill to make 50 a day, you're going to be able to make 100, 200, 300. The skill even just consistently make $20 a day is what we're all working towards.

That's the hard part. and I know that that's frustrating, but you know I'd encourage you guys to, you know, keep keep checking out my watchlist each morning. I'm going to be looking at the top 5 stocks that I think have the potential to move 20 to 30 percent in trading those in the first two hours. So right here at lunch hour I'm done trading for the day.

Gonna lock it up. So today's day five, one hundred and forty eight dollars, up one hundred thirty percent on that account and up twelve percent on the day. So overall, pretty good day now. I Want to make sure I answer some questions that you guys have so Richard asked why would Sure Trader put restriction on ET RM And they're doing that because Sure Trader is trying to mitigate risk I Mean they don't want to have any of us trading, They're blow up their account and do something really stupid.

so you know they're like, well, we're going to taper back the margin on this one because it's a really volatile stock. It's a stock that most beginner traders are probably going to lose money on. And you know this is a day where if I opened our simulator and looked at the stocks that people are trading I would guess that a lot of people that are biggest losses would come from trades that people took in on. ET RM I'm going to open up the simulator here just to take a look so you know they do that on a lot of stocks.

Some stocks even sort of have a running restriction where it's just always restricted, but again, it's to prevent traders from blowing up their accounts and it helps them, you know, reduce the likelihood of being on the hook for a trader who did something stupid. Alright, so let's see. so the Leaderboard today. Let's see.

So this is our fantasy stock trader leaderboard. Look at some of the biggest losses. This guys down $30,000 on ETR em down $32,000 that's Brandon Let's see, we've got Chad down $42,000 on eat erm and you know likely is that. Well, he's actually just been trading this a ton.

So tons and tons of trades and he's probably still holding some short positions from last week. A lot of traders get into that habit. they're like, oh, this thing's up so much it's got a rollover. this traders down $27,000 and you think, gosh, that's a crazy amount of money.

Doesn't take much to lose $27,000 I Mean it really doesn't. You know with a stock miss volatile, it's up 100% today. so you know the biggest losers are on each. Erm, the biggest winners if I Look here.

they're also eat erm. So again, that shows you this one's up 13,000 on eat. Erm. This tells you that yes, this is a stock that you can make money on if you're smart about how you trade it, but the potential to be wrong and you know the the result of what's going to happen if you're wrong is that you could lose a lot of money.

So today in the simulator we've got looks like 242 traders and a hundred and twenty are green and 120 are red. So right about 50% which is actually for beginner traders. Not that bad considering most traders will fail to make money and at a rate of only 10% succeeding. So it's actually not horrible there.

But in any case, yeah, that's one of the that's that's the reason sure traders going to do that's to protect from having traders do really, you know, crazy stuff. Eat. Erm. No, no options on that one.

A lot of these thinly traded stocks don't have options, so you wouldn't be able to trade that trade options even if you wanted to. and yeah, thanks Vlad I Saw it We said there about being consistent and that's kind of the thing right now is just trying to be super consistent. You know, not trying to push my luck. just one trade at a time.

$80 here, $100 there knowing that that all adds up for those Yuan screenshare. I'll just show you the leaderboard here I wasn't showing it on screen share a second ago. So you can see biggest winners up Twelve thousand, ten thousand, six thousand, and the biggest losers and the stocks that are generating those big you know whips. ET RM And we see this every time.

there's a big stock. Whether it's D Ry yes or is G Lbs, whatever it is, that's the stock that people want to trade. They see the potential, but it's very, very difficult to trade it properly. Alright, so let's see what else did you - - yeah, you know Andre that's the thing ET RM It draws you in.

You see this potential and that's the fear of missing out. That's that emotion taking over you. Look at it, you're like oh man, this thing. it's I've got to be able to get a piece of it.

I Mean it's just running up, it's moving faster and faster, and it draws you in. But it's a trap. Almost always it's a trap. You end up buying way too high and then stopping out and taking a big loss on it.

So I took a stab at it in my regular account, lost a couple hundred bucks and I'm fine with that. I didn't do anything crazy I didn't take a lot of risk on it, but you know most traders will get into being overly aggressive on those setups and then that's when they really get into trouble because they've mismanaged risk and that's the thing. Listen for me: I could be a trader right now I have one inaccuracy in my shirt Raider account 14 trades and 14 winners, but you know what if I miss manage my risk on the 15th trade I could lose in one trade 1200 bucks and I could blow up the entire account I could be a trader who has 99% accuracy and has blown up his account. That's the thing you know.

That's the hardest part about trading is that it only takes one lapse in judgment to throw so much progress out the window. And I know that I mean I know that every day I'm sitting down here that I have to be super careful about what I'm going to trade and so it's good. The Et RM was restricted because that's the type of stock that you know you could very quickly lose 50 cents or a dollar with a thousand shares and you know that's like I showed you that breakout point where we went up to 1530 and then down to 1430. That's a thousand dollar loss with a thousand shares now.

granted I don't have 15 thousand dollars in buying power and by the time I have that, my account will be larger. So if I did take a thousand dollar loss, it wouldn't blow me up, but it would still be pretty bad. Alright, so any other questions that you guys have and yeah, I published the watchlist for students each morning so that's available on our website. You guys you guys can go to Warrior Trading and then check out the free trading tools and unload those those watch lists.

Let's see any other questions. GEVO yeah you know with the reverse split we traded that on Friday I didn't want to trade it today I mean I wasn't I was I thought maybe it would be okay over 470 pre market but then the bell rang and it just totally dropped down. So I'll show you this one here. you know market opened and it just it just rolled over so no trades on that one didn't give me the opportunity.

you know I'd love to have a trade that I can really sink my teeth into that I can take 2,000 shares with my small account and make 30 cents. may have a $600 winner so far I haven't had one big winner in the small count. It's not because I haven't been looking at the right setups is just because none of them have really opened up. None of them have really worked so it's only a matter of time.

All right keep stepping up to the plate. Eventually something's really going to connect. But my strategy right now is to get in for the breakout. So I get in at the apex point.

the point where I expect the volume is going to come in so the bull flag that's the first Campbell to make the new high. that's my entry stop is that the low or $0.10 whichever's closer. Small risk if it pops up immediately. 30 cents.

You know that's awesome, but lately we've only seen them pop up ten or fifteen cents I sell half, adjust my stop to break-even or sell the whole thing depending on how it looks. and yeah, Lee I'm not using market orders. these are all limit orders. So I use a limit order to control the price that I'm willing to pay.

If I use a limit order, then I can put in the limit. Let's say of 1505 I press the Buy button and if it suddenly spikes to 1550, maybe I won't get filled. but I definitely with a market order would get filled and I might get filled it like 15, 35 or 15 40 or even 15 50 and suddenly you've totally thrown. You know your profit loss ratio out the window because you got filled.

you know, 50 cents higher than you were expecting, right? and your stop is now that much further away. So that's why I don't use the market orders and Stephan explaining the breakeven. So for me, breakeven will be the price that I got in at. So if I get in it 350 and it pops up to 365, maybe I'll sell half and put a stop break-even at the rest.

So you know that means I took a little profit off the table and if it comes back down and stops me out breakeven so be it at least I walk away green on the name by using that strategy anytime. I get into a stock at the apex point and it does break out 15 20 30 cents. It's almost guarantee that it will at least be a small winner and that's what's been working well in the short trader account. It's just been unfortunate that we had one you know here in the first few days that's given me that big 20 30 40 cent winner.

That would help me a lot right now because my accounts so small and every extra dollar I make increases my buying power times six. So when I make you know a hundred dollars today or whatever it is 150 when I make that it's multiplied by six and that's my new buying power. So you know that that makes a big difference Today my buying power. Because of today's profit, my buying power is going to increase by about nine hundred dollars.

So that means tomorrow, you know on a three dollar stock I can take an extra three hundred shares and I might be able to get up to twenty five hundred or twenty six hundred shares. If I'm going to go, you know and be aggressive. I'll be aggressive when I see the a quality set up and take you know, large sized. We just haven't happened to have seen a lot of really good setups and good setups that are within my price range because that's the thing.

We had a couple like X GTI this morning I liked X GTI it was gapping up here I liked it over the pre-market high of 195. that's a perfect gap and go set up an entry right here pre market high of 195 as soon as the bell rings. All right, that's the pre market high you buy when the bell rings and we squeezed up from 195 all the way up to 220. The problem is that I can't trade that in sure trader because you get no margin on stocks below $3 so no trade, you know I mean I could train it in my regular account, but my focus right now is building the small account and seeing you know how how long it takes me to get to twenty five thousand dollars.

I mean I want to do it as quickly as I can obviously, but at the same time it's more important that I do it in a way. that's that doesn't risk me having something really bad happen. So I've got to be smart about every trade. and if I can only make 100 a day or 200 a day, it'll take a little longer.

But that's the smart way to build an account. Alright, so and you know, with what I'm selling, I do the same thing with a limit order I put out the limit order but I put it below the bid. So if the bid is 350, my limit order is at 345. it's a five cent offset below the bid.

That way, if it does start to drop, I can still get filled right I'll still get my order filled, but I won't hopefully just have a giant washout. This is a problem though on stocks like ET RM because they can drop more than five cents really fast and then I might not get filled. so you sort of again. When you're trading stocks that are really volatile like that, you have to recognize that if you try to sell when it's dropping, the loss is almost always going to be magnified.

Alright guys, so that's where we're finishing today. Overall, a decent day, decent start to the week, Green is good and I'll be anxiously awaiting the opening bell tomorrow 9:30 hoping that we have some good looking gap errs on the watch list and stocks that I think have the potential to open up and give me a nice winner. And you know I'll have thirteen hundred and fifty dollars in my account tomorrow. About eight thousand dollars in buying power.

so I'll be able to take 2,000 shares on anything between $3 and $4 kind of a small range there and then a thousand shares on anything up to $8 I won't trade anything less than 500 shares which means my max price would be sixteen dollars if I was able to use full margin. but on stock like ET RM with no margin, I'm restricted to my current equity, which tomorrow will be Thirteen fifty. Alright guys, so I will see you all first thing tomorrow morning. You guys have questions.

Feel free to email me Ross at Warrior Trading Com. 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 anytime I upload new content. Until then, Happy surfing.