Alright guys, so time for a midday market recap. Today is the first $10,000 winner of the year 2017. Finishing the day in my two accounts, up two hundred and forty-seven dollars in my Shirt Trader account and up nine thousand, five hundred and Sixty three dollars in my regular Speed Trader account. So this is a pretty good day and the big win was on D FF n an $11,000 one 11050 dollars, and 51 cents on d FN n Now I traded both stocks cool and D FN n or D FF n in both accounts.

I traded this in my regular Speed Trader account which started today at twenty eight thousand, one hundred and thirty-eight dollars today I made thirty-nine percent on that account I'll open tomorrow just under forty thousand dollars and then in my regular account or my little small account. My shirt trader camp also traded cool in D FF n same two stocks I made three hundred seven dollars before commissions and 247 after and with a 13:54 starting balance, that was my starting equity, so you know, not not bad. I Mean well actually, I mean this is the best day of the year in both accounts, so it's really not bad. It's really good, but there's a part of me that's a little disappointed.

So let's talk about why I'm disappointed about a ten thousand dollar day. A couple reasons. Number one: I started today planning on being aggressive in my small Sure Trader account. That's what I wanted to do I wanted to trade the Shirt trader account I wanted to be aggressive there I opened it up and I only had two times buying power.

It was showing the same equity balance of yesterday which was twelve hundred dollars and it was showing my margin is only being times two. so I only had twenty four hundred and buying power I was like huh? this is annoying what's going on here? Couple people in the chat room said they were also having issues. so I emailed Shirt Trader I put in a support ticket say look, you update my buying power it's something's not right and they got back to me at 9:36 or 9:40 So you know I missed the first trade of the day in that small account. you know the first 10 minutes I basically couldn't trade because I didn't have buying power to take these positions and it was during that time that I took the $11,000 winner on D FF n Okay so what what I'm disappointed about is the fact that I would have really loved to have had that trade in my small account because that would have been the opportunity even with only 500 shares to make $2,000 $2,500 that would have been awesome I mean that would have been the trade I need to give me that big boost that big jump start and you know come it is what it is I mean this is this part of the deal of trading.

You know, sometimes you have, Sometimes you lose internet connection in the middle of a trade and something goes wrong. Sometimes you're on vacation, or you've got a doctor's appointment on the day when you've got the the best momentum of the year and it's just it's the luck of the draw. There's not a lot you can do about it. it's just a little disappointing.

So my first trade on D FF n I'll show you guys the scanner here. Now this was on our watch list pre market. so why was it on the watch list pre market. Well d FF n was gapping up this morning.

it was gapping up and it had a low float. So for that reason it was a stock that we had on on the radar watching it long over $8.00 Now I'll show you the pre-market chart here for those of you that are live streaming. so this is the pre market chart high of $7.99 $8.00 and you can see how we had this sort of flat top here. We tapped it once.

we tapped in a second time. So I had this on the watchlist I said I like it for a long over eight and yesterday this thing squeezed from $2.00 on the daily chart from $2 all the way up to 573. Continuing this morning with the gap up, so this was on radar. Now there are a couple of other stocks or also on my radar and my concern with this one was just that there wasn't a lot of volume and you know that's true.

The market opened and it squeezed in. basically one candle from let's pull this back. We squeezed right here from 7:25 all the way up to 850 and that's when it started hitting the hide. A scanner right here it hit the hide.

A scanner 748, 764, $8 850, 891, a 72 and a nine dollars. So as I saw it hitting the scan I looked at that and I was like okay, yep, this is something I want to jump on I put out my order and I bought 2,000 shares at $9 Just nice, easy little order. 2,000 shares at $5 Hang on One second, here's someone knocked on my door. but whatever.

So 2,000 shares at $9 and it squeezes up to 942 right here. 942 and then it gets halted Alton on circuit breaker. So it's a volatility circuit breaker. It moved too much in the first for the first few minutes.

Now what I didn't expect is that it would open at a high of $15 That is ridiculous I was I was saying in the room. look guys I like it for you know, long over 950. If it opens maybe a little lower, maybe it opens around 9:00 You know I don't know. 935 940, You know I'll jump in for the break of 950 I Was not expecting that it would open at $15 I mean not even close to expecting that I've seen this happen a couple of times, but I wasn't expecting so it pops up to a high of 15 on the ask.

We had $15 but then down on the bid it was like 1250. So what did I do I use dark pool routing I put out an order with dark pool routing to sell at 1498. So 1498 and I sold 1783 shares right up at at 1498. I sold almost my whole position and Boom I was up $10,000 Wow, that was.

that was crazy fast. That was an incredible first big win of the year and really it was just capitalizing on the opportunity. There's a stock on the high Damos scanner. you know it was.

It had potential and I jumped in I bought it high and it went higher and that's what I do a lot of times with these stocks is I know I'm chasing them a little bit. so I took 2,000 shares instead of 5,000 or 8,000 I reduced my share size and it just ended up being a home run trade. So you know, Solid, super solid there. I sold the rest on the way back down so 11,000 50 bucks on that one and then as it started to curl back up, you know this first camel to make a new high I jumped in in my shirt Raider account.

By this time, they'd reset my account so I'm like okay now I can take a trade so I jumped in with 200 shares and I made about 65 cents so 136 dollars and I did that on the first pull back which was right here. so I got in right here and then rode that up to this to the high up through the highs. So you know that's why I've got the hundred thirty six dollars on dff n in my shirt trader count buying the first pullback with 200 shares and the eleven thousand dollars in my regular account for the first breakout, so that was obviously really nice. The next trade was cool.

Now I'm cool. I'm down just under 1,400 bucks in my regular account and I'm up a hundred and seventy in my small account. Alright, so how did I trade? Cool? Well cool. Also came up on the high day Momo scanner popped up on the hide a memo scanner and I saw it and I thought okay it looks good.

it looks pretty good on the daily. Now the thing is for some reason when I saw it I didn't quite realize how close the 200 moving average was. I'll show you guys right here. We came up see how we tapped that that purple line right here.

We came right up. We tapped that line at 4:15 and pulled back. That's resistance. that moving average form resistance.

So I bought at a 389 I Got in right up here at 389 when it was squeezing off the scanner, bought off the scanner alert thinking the same thing, maybe this will go to four, who knows, maybe 450, maybe higher, but at least four. it pops up from 389 and then it kind of stalled out for a second now. I got in with both accounts I took about 2,000 shares in my small account and I took 10,000 in my regular account in my small account I've been in the habit of immediately putting out in order to sell when I'm up 10 cents. so I did that I put out the order and that was an order at 93 98.

so just under the ask, it was actually like 8 cents or something like a 1/2 cent and with the regular count I was holding the full position. It did spike up and it spiked up through a high of 409. So my small account I got taken out, sold, took the profit hundred seventy bucks and my big account I was still holding the 10,000 share position I tried to scale out but I really wasn't able to. it pulled back to a low here of of 360 so you know on that one I lost 1,400 bucks, 14 cents on 10,000 shares I was being aggressive I thought that we would see continuation on it and I was wrong.

so you know a little bit of a loss on that one and that brought my count down just a little bit. So $9,500 in my speed trader count and 247 in my Sure Trader account. But for both accounts, this is the you know, the biggest day of the year so far. and tomorrow I'll open closer to $1,600 in my Shirt Trader account so you know the account is growing.

it'll right now I think it's up about a hundred and ninety percent something like that and my Speed trader counts up 40% today. So it's nice to get that big win early in the year. I'm just, you know, little bummed out that didn't happen in the Shirt trader account. And the thing is, even that 60 cent winner on D FF n was only 130 bucks and my Commission's were $50 today.

So commissions continue to be a fairly large, disproportionate amount of my profits because I can't take big sighs and I usually wouldn't take 200 shares, but you know I decided to on this one because you know I was like, well, I might as well just jump in. has the potential over 15. Maybe it'll squeeze to 1617, get halted again, and open at 22. you know back in my mind, target who knows that didn't happen.

If it had happened, maybe I would have gotten a thousand bucks out of it. Now if I had gotten in D FF n in my Shirt Trader account at $9 I wouldn't have been able to take a thousand shares because I don't have the buying power. Even if I had the buying power, it would been a lot of risk. So I probably would have taken four hundred or maybe five hundred.

But the thing is, if I took five hundred shares and it dropped 50 cents, I would have had my first loss in that account and it would be, you know, a pretty big loss percentage-wise So I'm now on my 15th and 16th 16th consecutive winning trade in the shirt trader account now. accuracy is pretty high right now a hundred percent on 16 trades, which is solid. but it's because I'm taking 10 cent profit 15 cent profit when I have it. And basically as soon as I get into a trade I have a 10 cent stop.

So I know my max risk is 10 cents on almost any trade that is. you know a normal 3 to 5 dollar stock. D FFN was a little bit bigger but that's why I had 200 shares. but cool 10 cent stop and as soon as it pops up 10 cents I sell half, adjust my stop to break even if I get stopped out breakeven I'm out on some of them I just sell the whole thing up 10 cents depending on how strong it seems, whether or not we're seeing the volume that I like you know, kind of, you know have to play it by ear and make those decisions fairly quickly.

I think this is that area where intuition helps for sure. I mean I've been trading for a long time, so I can look at these setups and pretty quickly know whether or not it's gonna work. You know whether it's going to be a big winner or at best breakeven and when it's going to be a best breakeven I Try to get out as quick as I can I lost 14 cents on cool which really isn't that bad considering it dropped about. Let's see on this pullback here, it dropped about 40 cents.

So you know I minimized my loss and that's what you have to do. So an $11,000 winner and then a $1300 loss. So you know it's big step forward. Once 10 steps forward, one step back I can handle that.

You know that's within my parameter of acceptable risk, but you know with the small account, everything is scaled down so I would love to get a trade that I can jump on full-sized and get that 30, 40, 50 cent squeeze. but it just hasn't happened yet and it could have happened today on D FFN But just technical error kept me out of that first trade in that account so it didn't But you know what? It's also nice to get, you know, ninety five hundred dollars of profit in my regular account, especially this early in the year, because that helps. That helps me get that big buffer. You know, help get get me that cushion between red on the year or breakeven and being in the profit zone.

So that's kind of where I'm at. Now you know we're in the lunch hour. So I'm done trading on the day. so today will go down in the books is two hundred forty seven dollars in short trader and ninety five hundred in speed trader Green day.

Good day. Day Six of a small account challenge up about a hundred ninety percent from my starting balance of five hundred and eighty three dollars. So I started this account a week ago. today.

Actually, we could go. Today was the first day I traded in it and in one week I've gone from five hundred and eighty three dollars to just under sixteen hundred dollars. So that's that's pretty good. Thousand bucks in a week, but fifty two thousand dollars a year? So is it possible to make $52,000 a year with an extra five hundred dollars for a five hundred dollar starting balance? Well, I can do it this week if I can make almost with that dollars in the last, you know.

five six days with this small of account I knows my account grows. It'll be easier to make money. So I think it definitely is possible. All right.

So I'll answer some questions for those of you watching on Facebook I'll make sure I answer questions now as I've mentioned I turn all of these recaps into a podcast that you guys can listen to and of course feel free to subscribe. You can find it on the iTunes Store If you go and search for Warrior, trading Day five is up there and I'll upload day six here and just a little bit. Okay, so eat. Erm.

and yeah, let me answer that question. Hey Joe What's up I See your question there too I'll answer that one as well. So eat. erm.

You know this one for me is it's just it's hard. It's a hard stock to trade. It's not one that I'm particularly interested in. In total, I've lost money on I've traded at several times and I get faked out every time.

I mean it's just not been an easy one for me to trade and we've seen stocks like this in the past where you know stocks have made really big moves, but during that move it was never that easy to trade. For whatever reason it's You know the what I was showing yesterday how it broke over $15 by 20 cents and then dropped a point and then ran. I Mean it's like even with 500 shares, you're down 500 bucks. It just makes it very, very difficult.

So you know, here we are. today. the market opens. It squeezes up a couple points and then it tanks from twenty twenty-five dollars all the way down to sixteen dollars.

Totally. You know, wipes out people that are holding it long and then it bounces and now it's squeezed back up towards thirty dollars. So it's like, You know, these types of swings are really, they're really hard to trade. You have to be a very very good trader.

and you have to be really smart about how you size yourself because if you take position sizes that are too big too early on, then you know you're going to hit your max loss. You're going to be out for the day. You can't buy into the squeezes, you've got to buy on the pull backs and you know it's a stock that's really fairly crowded. So when I talk about crowded, it's like you know all these traders are all trying to trade it.

You know that tons and tons of traders are like, you know, Oh, this stock is going to come back down to three dollars. I'm just going to short it every time it spikes up. I'm going to short it. so every time it spikes up, you've got sellers.

You know, putting a ceiling on it, squeezes up the ceiling, the ceiling. and then you know you have people. Whenever it drops down, you have buyers who are like oh I'm going to buy the pullback. So every time it dips gets bought right back up.

and then you start getting this this jumping that's up and down, up and down. you know and it's certain points, one side wins and you get the squeeze up. So today you know first the short sellers one and it dropped eight points and then the the bullish traders you know regained control and it squeezed up ten points. But you know, during all of these moves, even right now, we've got a 40 cent spread.

40 cents, you know? And that means if you got in right now on the ask, you're immediately down 40 cents. and then of course, if it drops just a little bit, you're going to be down easily 80 cents because it drops fast so you know you get in, you're already down 40 cents. If it drops just a second, you're going to be down another 40 cents. You're down almost $1 per share.

Thousand shares. You down a thousand bucks like that. And I was showing you yesterday how students trading in the simulator. We're just getting hammered on this one because now they're getting in at the wrong places.

They were being overly aggressive and you know when you do that you end up really getting yourself into some trouble. So let's see if I can pull up some of their trades here and we can take a look. I Had one student who was shorting et RM yesterday and she lost like $40,000 in the simulator and you know she didn't start with a huge position, but she did with a lot of traders do. which is you know, take an initial position and then oh, it's not working I'll add a little bit, it's not working I'll add a little bit more next thing You know, it squeezing up and it's it.

Happens fast and this is the thing. a lot of shorts. This is a good type of stock that a lot of short sellers can really get crushed on. And that's also true with D D FF n You know there's a lot of people who will look at these high day scanners and they're like oh, stocks hitting the hide a scanner I'm just going to short it, You know and that that works and works and works until it doesn't and you get in the stock and it suddenly squeezes up a hundred percent and you're short.

You know when that happens, it only needs to happen one time to blow you up. and that's why that strategy of shorting stocks are squeezing up is really risky. I mean yes, these will come back down and look at a Dr. Ys.

You know this is a stock that literally went from four dollars a share to over a hundred dollars a share and is now back down to two dollars. Okay, so here you go. huge move up and then all the way back down. Now if you shorted this right here and you said well, look, this thing's gonna come back down.

Yeah, you were right shorting it at 21, but could you have held through a spike to a hundred before it came back down? and the answer is usually no? And if you did, your risk management is horrible, right? No one should be holding through a eighty point. You know? move against you. You just. you can't do that.

You can't make a living doing those types of things. Trading is a marathon. Every single day we come out here, we need to get a little bit of a lead. We need to play smart and you know that means really respecting the risk.

We have to respect the risk. So you know today's one of those days where you know I think I traded pretty small the gun trade pretty smart I'm up almost ten thousand dollars between my two accounts. So overall a pretty solid day. Biggest winner Lancelot on Eat erm so he took a trade on eat erm did pretty well on it Dennis These guys are trade et RM he's got $12,000 on it.

Let's see Matthew he's got a lot of names he traded he trm X GTI others. So you know the cool thing about the simulators that I can log in and see what you guys are trading ET RM So you know biggest winners Re T RM Well let's see what the biggest losses are: $23,000 Louise ET r Em you know So that's you know that's not a good trade. Um, $20,000 Cami ET RM So you can see that this is a stock that when you trade it, you know you're going in either for a big win or potentially a big loss. ET RM $14,000 loss And that's what we notice.

I mean a lot of a lot of the folks that trade these stocks, they're either getting huge winners or huge losers. And for me right now, trading in a small account, you know I can't afford that I need small, consistent gains, you know I need 16 consecutive winners. As I'm starting this account, that's what's going to help me build up the account, build up my buying power, and you know, really, get myself into the driver's seat. It's just one trade at a time.

slow and steady. So in a lot of times when we see these stocks that are parabolic like Dr. Ys or ET RM or any of the others that we've seen, I'll trade them on the first day, usually the first day and sometimes I trade them on the second day. but then I usually say alright, I'm gonna take my money and step out of this one and just wait for the next one.

So that means I need to do really really well in the first two days. it's usually the first two days that are the cleanest. The day one is always the best. day two.

I mean sometimes day two is better, but usually day 1 and day 2 and you know that's the best time to get in. That's when I go in and try to make you know $10,000 $11,000 on the name and then I don't need to mess around with it for the next 4 or 5 days when people are scrambling trying to get a piece of the act. A lot of the people that end up scrambling trying to get a piece of the action are people who missed the move on day one and are now sort of like. you know they've got that fear of missing out and so they're over trading it.

They're like I want to get a piece of this I Got to trade it and that's what ends up happening now Joe to answer your question about a dark pull routing. so in a speed trader you can select your routes all right. So if we think of the we think of the market is an island, let's just think of it as an island here and around the island. You've got all of these different docks as like little harbors so this is the market.

This is the bid the ask. You get your level two here. well you. There's a lot of ways you can get into the market.

You can take different routes and these routes are all listed. I'll show you guys the list here for those of you streaming on on. Facebook I Can click here and these are these are all the different routes that I can use so you can see here. There's a pretty good pretty good list of routes.

Those are all the different ports or different docks around the island that I can connect up to and you can see here each of these listed on the level 2. Nasdaq that's ARCA Edge X Those are all the ports Alright for those of you watching on screen share in the chat room you can see here these are all of those different docks and you can choose to route directly to edge. I Can say I want to route directly to this guy or I want to route directly to PSE or you know bats or whatever now since you see the edge has you know 3000 shares or 30,000 shares. Whatever you could say.

Okay I want to send my order right to this guy and that's fine. But you know what if you send your order to ARCA and ARCA doesn't have a share here, he's just going to reroute your order over the edge and rerouting happens so fast that you almost don't even notice it. I Mean it's it's incredibly fast. So yes, it's probably a little bit quicker if you go ahead and direct route to whichever market maker is showing you know shares, but I personally don't do that I just go and use you know whatever default route I want maybe that I'm using for the day and send my orders through now sometimes unsure trader or speed trader they'll say hey you know route away from this port you know there there down there not it's not working so you just say okay, I'm not going to use that one I'm going to go ahead and use a different one Now You've got all these different ones and the most popular Arca, Nasdaq NYSC, Edge, X and Bats.

those are some of the most popular, but there's a lot of them. Jpcc Itgi Inet H PPO You know. And then the other thing is that what brokers will sometimes do is before they even send your order out to here, they want to check to see if someone inside their own pool of shares is holding a position. You know if if they're holding shares internally then they'll route internally first and if they've got shares, they'll give it to you immediately.

If not, they route out to you know the main exchange I guess as it is so I Always direct route I Don't do internal routing I Don't use the the smart routing by my broker I instead direct Route Now something that's really cool with with a Lightspeed is that you can send an order using smart routing to specifically route to three different ECNs at the same time so you can route your order to NYSC to NASDAQ and ARCA and whoever comes back first with shares. That's where you're getting filled and sometimes you're getting filled a little bit of all of them and you get really odd-looking fills. Like instead of getting in at 305, you're in at 305. You know, seven, four, three like? It's really a long kind of odd fill, but it gets you filled pretty fast.

It is also more expensive so I don't use that and I'm not trading in Lightspeed right now. But you know that's something worth acknowledging now when whenever you send an order, if you send an order through ARCA they're going to go in and ping. If they don't have the shares at their port, they'll go and check edge. They'll go and check.

Bad. You know they'll see. Okay, who's got shares? Who's got shares? Oh, you've got shares. I'm going to grab them.

send them back to this guy. However, there are ports, or you know, institutional tray institutions that have shares, but they're not being displayed. They're not actively visible when the market makers are trying to ping. So that's why they're almost like a dock that's in the fog.

It's there, but you can't really see it. and that's why you use a dark pool routing and it's really only helpful on stocks. When you've got you know, low volume and you've got big size and you want to try to piece out of it. So a stock like D FF n where you've got a dollar-fifty spread, you know all of a sudden just squeezed up eight points or whatever it is you want to try to see? Is there a buyer somewhere and that's what you can do.

You can fit because you may have in the dark pool, a buyer sitting there wanting to buy 2,000 shares at $15 but because he's in the cloud and and when you send through ARCA you're not hitting that guy. You don't get that liquidity and that's a disadvantage for retail traders. and that's why dark pool routing is becoming more popular because it creates more liquidity. It now allowed me to get an exit from this person that was sitting there.

you know with size and I was able to get out of 15. So I I don't use that. It's for me on my hot keys ctrl D I Don't use it a lot but I will use it if I have you know 10,000 15,000 shares? I'll see is there a buyer you know in here in between the spread and sometimes I put out an order in between the spread and it gets filled right away and you know that's the advantage. You know you got a better fill than if you just sent a market order doesn't always work, but you know on a stock that just made a crazy move.

it's definitely worth a try because you know when it works it, it definitely saves you or gives you more profit and so that's a win. So on. on. Speed Trader a couple of their routes that do dark pull routing X dark X DRC and the other one is C UTP So you can route with either of those guys and they might have some others.

you can go on their website and check, but in any case, that's something I can only do a speed trader. Sure trader doesn't allow that type of routing, which you know again, is a bit of a disadvantage to trading with Sure Trader there. There are several disadvantages, but like Mike said this morning, someone who asked someone said hey, is it even worth trading At Shirt Trader, you've got to pay one hundred twenty-five dollars a month for platform fees. Your Commission's are five dollars a trade you know you can't do direct routing has even worth it and he said well, you got to pay to play If you want to trade somewhere with as little as five hundred dollars, there's nowhere else you can trade and you know your options are limited and so if that's something that you want to do, well, sure traders where you're going to trade and that's that's why I'm trading there.

It's the only place I can trade with that small amount of money and still day trade. so it is what it is. You do have to be smart. you have to make sure you're really, you know, diligent about only taking a quality set ups knowing that.

like I said yesterday, if you make fifty dollars, well, you've got subtract fifteen for commissions. So you really only made thirty five. And if you lose fifty, you've got to add fifteen for commissions. So you actually lost sixty five.

and now you have a negative profit loss ratio where your break-even point becomes sixty six percent success. It makes it that much more difficult to be successful. So yes, is it easier If you have twenty five thousand dollars? It is because you can trade a speech Raider Your commissions are lower, you've got more routing options, and you can take larger size right away. so commissions aren't going to be such a big percentage of your profits.

But the good news is that if you can build up a small account, you know if you can make it with five hundred dollars, you can make it with any amount. I Mean that's really the thing, so it's good training. It really conditions you to be really smart about every trade you take and to manage your risk well because you know you have to. It's what you have to do in order to grow a small account.

Once my account gets a little bit bigger, I'll be able to start being more aggressive and you know if I And this is another one of those days where if this shirt trader account was up at four or five thousand dollars I would have been able to take a thousand dollars addy FFN a thousand shares and make six thousand dollars, you know, and double my account in one day. So I Think that the the growth at my account is kind of going to look like slow starting out. fortunately I didn't go into the red the way it did last year, just sort of slow starting out. and then as I build up buying power because buying power increases times six with every dollar I make it's going to go up up up and hopefully I'll start to see that real that faster growth account growth.

you know what kind of we'll see. But where we stand this week is that I've got about sixteen hundred dollars in equity. My goal for the end of the week was to make a thousand dollars which means I need to need to make another six hundred. so you know that's that's kind of what I'm looking at right now.

six hundred dollars between Wednesday Thursday and Friday that's two hundred dollars a day after commissions if I don't get there I don't get there. but I think I got a good shot at it and my buying power is going up. I now have about ninety four hundred dollars in buying power so I can take slightly larger you know positions you know I could take now three thousand shares of a three dollar stock if I wanted to. but of course if I lose twenty cents I'm going to drop right back down.

I mean literally if I lose twenty cents on three thousand shares, I'm going to go right back down to a seven hundred dollar account and I can't you know I can't afford that. so still have to be smart and we'll just see how it goes. So let's see any other questions that you guys have as your as you're watching. Sure Trader, you know I can't remember if they send a statement for taxes I mean they definitely give you your end of your statement and you need to bring that you know H&R Block However, you do your taxes to an accountant and they'll They'll take care of it for you.

I don't think they send you like a 1099 the way you know Etrade would, but you do get a statement at the end of the year and all right. So let's see. let me scroll up and look at the questions that you guys have so done. Like I said before, the reason I chose Sure Trader is because of the fact that it's the only place that will allow me to trade with $500 Nowhere else is going to let me do that.

So you know because I'm limited with this small account. it's it's just going to be where I trade for a while and well, can you tell when a stock is going to be halted before it happens? Okay, yes you can in a way. right before a stock hop. Well, there's a couple ways.

One, you know that stocks typically get halted when they squeeze up ten percent within a five minute window. Now we've got a pretty long video on Youtube about circuit-breaker halts because there's a lot of variables when it it needs to move ten percent in five minutes. but that's versus a reference point. and the reference point updates every minute.

so it's always Burt versus the previous one-minute reference point. So you know, just because of stock in five minutes, when up ten percent doesn't mean it's actually going to get a circuit breaker halt. It really has to do it within a shorter period of time. The circuit breaker halts are also.

the thresholds are looser at the open in the first fifteen minutes because that's when stocks were the most volatile. So to accommodate that volatility, the circuit breaker halts the the thresholds are a little bit looser. Alright, so now when you're in a stock and you see that it just squeezed up, what'll sometimes happen is the level two gets pinned. just like it gets, gets pinned, and you're seeing a lot of orders going through.

But the actual level two isn't changing. That is an indicator that the stock may be about to get halted. Now, when a stock crosses the threshold, it'll trade over that threshold for fifteen seconds. and if it continues to trade for fifteen seconds over that threshold, that's when you get the circuit breaker halt.

If it drops back below within the normal trading range, we won't get a halt. So right in that moment, you have a chance. Sometimes to sell, you sort out 15 seconds where you can go ahead and hit the sell button and you can sometimes get out right at the current price. or you can buy right at the current price and I've done both.

There are times where I'm like, okay I don't want to hold through the circuit breaker I'm going to sell another times where I'm like this is squeezing up on really good news I Want to add because it's going to almost definitely open higher. So I've done both and you can see it on the level too. but you have to have level two in order to in order to see that Now Spencer Your question about using a trailing stop on a stock like ET RM You can do that. The thing is, it's a very different strategy because if you put a trailing stop below your moving average, your stop is almost literally going to be several points away.

Like your stop is like two points away. So you're getting in at 24 with a stop at 22. You can do that with 200 shares. you're only risking 400 bucks.

Put that trailing stop of two points and let it ride. But you also know that it's not going to stop you out until it's pulled back to full points. So you know it needs to go up to 30 for you to lock in profit at 28. you know, So you're always trailing behind.

That's fine, but it can. The problem with that is if you don't trade that on the right type of setups, your losses just they're going to be too big and you're going to have a negative profit loss ratio I Prefer to get in at an apex point a point where I expect a stock to break out I get in at that point with a very tight stop below the apex and then I can ride that momentum and it pops right away. That can be just a little bit more difficult with stocks like ET RM because of the fake outs. So that's the reason.

I I don't seem to have as much luck with that. James You say you can only trade after 10:00 a.m. and that's fine. I mean I trade from 9:30 to 11:30 but you can trade at 10:00 a.m.

you know, 10:00 A.m. to 11:30 That's okay, yeah, the first half hours. It would be nice if you could trade during that timeframe, but if you can't that's okay too. and Michael yeah, I was looking at s GNL but I just wasn't sure about that one.

It just is trading on such light volume at this time of day. I Didn't know if it was going to give us a clean break out so I decided just to skip it and better be safe than sorry. Alright, let's see. um yes, fancy stock traders.

The simulator has real-time level two data so you know that's one of the nice things about this platform is that you're getting the same exact quotes. You know that I'm getting in my live trading account so you can trade side by side with me. You can trade the same stocks I'm trading each morning. you know, just for the sake of practicing and you know you're getting almost the exact same quotes.

I Mean there really should be the same, but sometimes even between Speed Trader and Share Trader, you can see some slight differences, but usually pretty pretty close. Um, alright guys. so with that I think we'll wrap up this recap. So this is the day: Day six of the small Account challenge, finishing up two hundred forty seven dollars in the small account, and day six of the trading year with my first winner that exceeded ten thousand dollars.

So finishing the day up nine thousand, five hundred and sixty three dollars in my Speed Trader account. So overall, a good day. And you know I know a lot of traders say that for us, you make this look easy. And the thing is, it really is easy.

Once you learn how it's like riding a bike, it's just it. It's hard to learn. It takes a long time to learn. it's it's harder to learn how to do this then it is to learn how to ride a bike.

It took me 18 months to learn how to do this. I think I Learned how to ride a bike pretty quickly. so you know it's like I don't know, Maybe you got to think of something else. It's a little harder to learn how to do, but um, you know once you get it, you've got it and you just ice it down every morning.

I do the same thing I've got the same process I look for the same stocks I build my watchlist the same way. Somedays we've got awesome setups and I have a great winner like today. other days are slow and I'm like yesterday I made 135 or whatever 140 in my shirt and I lost 130 in speed Trader. but I didn't get beaten up about it.

was like it doesn't matter because I know right around the corner there will be another you know great opportunity for a big winner and you know today was the day. So I definitely pumped about that and hopefully we can continue the week strong. keep the momentum going. 16 consecutive green trades ensure trader I know I'm statistically do for a loss, right? Inevitably I mean I can't be red for our green forever.

So I have to kind of keep that in mind that it's like you know, just I can only go for so long before there's gonna be red trade so just anticipating that and trying to be extra careful about what I trade during the next few days continue to build the cushion. Minimal risk and hopefully I'll be able to get this account over 2000 dollars by the end of the week. Alright guys, so that's it for me. I Hope you guys all have a good afternoon and I will catch up with you first thing tomorrow morning.

All right Hi guys! Uh yeah! Jonah So there's no delay in the simulator. 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.