Alright guys, Well, this is the day that I was really afraid of. Trading in small accounts is really difficult. Everyone knows that I started with five hundred and twenty dollars in my account last week a week ago and today I had eleven hundred dollars in the account. I'd been making some good progress.

The account was up over a hundred percent, but you know what happened today I booked the account I got a little aggressive that stock hadn't watching for the last few days. I jumped into it and burst I was up three hundred dollars, four hundred, five hundred, six hundred dollars. Then those up to seven hundred I was up eight hundred, nine hundred, a thousand dollars, Eleven hundred and I finished the day up $1300 Oh, I blew up my account. You didn't think I really blew it up right? I blew it up a BB account in one day for real.

So you guys are probably wondering how the hell is this guy doing it? This is out of control doubling a small account in one day. All right. it all comes down to you guys know these as Roberto there's Mike there's Celina So Mike If you want to be successful creator, what do you need? this one this Roberto Yep, Discipline and strategy. So I have a strategy that trade.

It's a momentum based strategy and that means when I see a stock starting to move up I want to jump on that momentum. It's like a wave coming in. I want to jump on it before it crashes. So I got to get in.

ride that momentum. capitalize On the greed and the fear in the market without falling victim to it. And I did it today. You can see right here.

small account there 1,300 and let's see there you go. $80 now I Also, trade in my big account and made a nice seven thousand, five hundred and ten dollars. Here's the cool thing about trading. you can scale your strategy because take the same strategy with a tiny account 500 bucks.

or you can trade that strategy with a big account of fifty thousand Seventy Five thousand. A hundred thousand dollars. Here is the blessing and the curse of the market. and this is what a lot of people won't tell you and it's certainly something that I didn't know when I got started.

Let me put down the camera for you guys. So the the curse of the market is that you can literally spent literally years struggling to make even just twenty five dollars a day. And you know you're thinking twenty five dollars a day. I'm not being greedy I'm not trying to be a millionaire or fly on a private jet.

I'm just trying to make an extra twenty five bucks. Well, you will not consistently make that extra twenty five dollars a day until you have discipline in a consistent strategy. Once you have those things, now comes the blessing of the market. And the blessing is what happens when you're making twenty five dollars a day so you can answer and you want to go up to fifty dollars a day.

That's right, double your share size and then when you start making a hundred dollars a day and you're like, okay, I'm doing well, you want to go up to 200. What do you do? That's exactly right. She's on top. But you double your share sites, You keep increasing your share size.

Now the the growth curve. From trading with a hundred shares to 200 to 300, 400 to 800 to a thousand, it's pretty linear. As you increase shares, your profits increase. There is a point where you'll start to level off, usually around 10,000 15,000, 20,000 shares.

You start trying to day trade with 30,000 40,000, 50,000 shares. You might actually come to the back side where you start giving back some profit. If you guys want to learn a little bit a little bit more about my strategy: how I manage risk where I get in, where I get out, and how I find these strong stocks like LNP X which right now is up 49% on the day. What I want you guys to do is click that link right below to register to my next seminar.

Now we've been hanging out here in Miami for the last two days we're hosting an inner-circle event. This is an in-person seminar that we usually host a couple times a year in various places around the United States and it's where our students who have graduate from the classes come to trade side-by-side with us. It's kind of an inner circle mastermind seminar. Those of you guys who want to start learning right now who may not be able to wait to the next in-person event I Want you to click that link and register for my next online class Day Trading 101 It'll teach you how to manage risk, find strong stocks, to trade, where to get in, and where to get out, and we're going to talk about discipline.

Alright, so I want you guys to do that and I hope you really enjoy this recap. Give me the thumbs up for doubling the account in one day. Make sure you're subscribe to the channel if you aren't already and I'll see you guys first thing on Monday morning. I Will still be here in Miami Day trading on the beach? All right, see you guys on Monday Alright everyone, so let's get into this recap: I'm gonna close our just computer here.

that way you guys can see Roberto got Roberto there and then you can see Selena in the corner. Mike's right right over there as well. So we're trading in Miami this week which has been, you know, obviously well outside a comfort zone and I the last two days I was really mitigating that that risk I Told myself this is Ross You know you're not in, you're not your home office. You know you're not in your typical trading environment.

Bring down the share size, be a little conservative and yesterday I hit my max loss I hit my max loss in the small account I had three red trades and I gave back a little over three hundred dollars of profit and that was really disappointing because my small account at that point was up to about fourteen around $1,400 you know. But of course that's part of the deal with trading losses happened. in fact, on the second day in the small count challenge I lost $22 so you know I I am comfortable with that. and today I came in not looking at my account balance although you can see it here.

the account balance this morning was 1104 dollars and seventy seven cents. So that was the balance coming into the day and you know I for the most part was just like okay, well you know my goal Today this is Friday it's also Friday the 13th and I was like don't think about it but it's Friday The goal is really just to try to if I can make a hundred bucks it's a great day, you know, just just try to stair step back up. The biggest risk with having a red day and I'm sure both of these guys can speak to it. What's what's the biggest challenge when you have a red day? Well, you throw out what do you think Roberta Monday you composure and really beyond the next day? Yeah yeah yeah.

Does not being too hard on yourself as Ted likes to talk about compassion for the moment? Yeah yeah yeah. I Think one of the biggest risks for me is that after a red day on the second day I can be I can be emotional and I can be fearful and I can hesitate. You know? So then I end up missing opportunities and if I see stocks rip up, then I feel FOMO because I hesitated. then I missed the opportunity and then I overcompensate by buying at the exact wrong place, getting in at the very top of the move instead of having bought where my strategy dictates I should have gotten in and all of that is emotional training.

and so today I I just said. You know what? you know, this is the second red day I've had since I started the small account and you know I need to just do the same thing I did after my first red day. just try to bounce back with with a Green Day make a little bit of money. you know if I can make fifty or hundred dollars just kind of, you know, press the reset button, sort of reset both on you know, the P&L but also maybe more importantly on the confidence level.

And so this morning as I was going over the Gap scanners, you know there really wasn't a lot that I was crazy about. So I'll put this for a historical day in time. My process every morning is you guys who attend my next live training will know every morning I Run this scanner. Let's see there we go.

9:20 and this searches the entire US market for every single stock that's up more than 5% If a stock is that more than five %, we would. We would say that it is breaking out of the standard range that 90% of stocks will trade with them and so it's statistically significant. So any of these stocks here I can take a look at an entire US market of thousands of stocks. This is how many are up more than 5% today? Those are you guys watching on? Facebook You can see right here.

you know there's I don't know. maybe like 25 stocks. And so finding the needle in the haystack, that one stock that has the potential to make a big move suddenly starts to become a little bit easier once you create these sets of filters. All right, you know? Well, I'm only gonna look at stocks are up more than 5% That's the first filter.

The second one is I'm only going to look at a price between X and X. Let's say because you have a small account, the third is I'm only gonna look at a stock that has news during the webinar the next day Trade 101 online webinar that I'm hosting I'll talk about the five criteria that I use to analyze whether or not a stock has really homerun potential. Now if it's I don't swing for homeruns but I want to stock to have homerun potential because if it goes up, let's say 25 percent in one day. even if I only capture a base hit out of that, a baseson on 25 percent move could be four or five percent.

Where as a base hit on a stock that's only moving five percent might only be half a percent or 1 percent. And that's not enough to grow a small cap, but a small account, you want to look for the stocks that are moving quickly. So our leading capper this morning was actually a Chinese Ceramics company gapping up 75 percent, which is really pretty impressive. This one was not interesting to me and it was gapping up not because it had its own news or catalyst, but because of trade war talks and talks of coming to a some type of negotiation agreement with the the Chinese tariffs.

So that to me I just sort of felt like it wasn't a I'd really just prefer a catalyst that's very specific to the stock that this stock is going up because they had really great earnings. So because they did this or did that so I kind of look like now I'm not interested in CC Co SRPT that one's you know. $31 oh sorry, $131 Too expensive Co. Hn that was the third leading gapper.

As you can see, not a lot of volume pre market, only seventy seventy nine hundred shares. be Lrx. Alright, so be Lrx. I pulled up this one and the first thing I looked at was this stock has a terrible pre market chart.

It moved from 280 up to 360 and by the time the bell was ringing it was back down around 310. It then faded and dropped down here to a low of 240. so just no good. and that's something I've want to trade? You want this? Yeah so I left B Lrx alone.

no trades on it. Going further down the scans I sort of I wasn't seeing a lot that I was interested in. but what I often do is I'll look at the stocks that I traded yesterday. so look at the stocks I trade the previous day yesterday I traded TCC Oh Alright so TCC Oh and this is a you know you can see this breakout that we had yesterday.

This is an interesting stock. It's been really volatile this week from a low of $2 a week ago to a high of over $10 so 400% in one week. Know if you're trading a small account, those are the type of stocks you want to be looking at. So this one we traded yesterday on this rip from 646 60 up to 780.

This morning, it was consolidating within range, holding up pretty well, and when it broke over $7 right here. this is where I got excited I was watching it for that break of 7 and I jumped in after it broke that level and rode the momentum here up to a high of 755 I've been waited for the first pullback. we didn't see a nice first pullback and so I didn't end up taking a second trade on it I only made $60 on the stock I wasn't super aggressive on my share size and I didn't hold it for very long. so a quick trade there on TCC Oh Yesterday we also traded El MPX As you may recall, El MPX has been on the watchlist since day two of its IPO when it was down here at around $6 and right, yeah, right around actually $5.90 The stock today hit a high of 38 dollars and 96 cents.

almost $40 a share I feel I honestly feel a little bit of FOMO on this because I you know I thought that it had a lot of potential, the recent IPO starting to squeeze up with a low float I was like man, this one it looks like the type. it reminds me of Lfi n it reminds me of Bo XL I am te. but I was waiting for the company to put out a really good headline. We were seeing some catalysts here, but mostly what we were seeing were transactions by insiders where they were buying shares of the company.

So you know that's great to see that employees and directors and officers are buying shares of the company. It shows that they are very interested and believe and what the company is doing, but it's not exactly the same as a company putting out great quarterly earnings or putting out news of a new contract or something like that. So in any case, each day I will make this full screen. This is the one that I really crushed it on today.

each day it has just been continuing to grind higher and so this was day one of the IPO. Then it comes out this day, it squeezes, pulls back, gives a little trade. next day, little trade at the open. Next day the open was kind of choppy, but then it squeezed up in the afternoon up to 16 and I was like man, $16 I Wish I had had the courage to take 5,000 shares in my big account and just hold it for a few days.

But the reality is that's FOMO talking. It doesn't fall within my risk parameters to do something like that because my wrist parameters will always ask: can I afford the risk associated with a trade it's not about. you know, Can I rejoice in the profit? Mike is a hard to rejoice in the profit you make. No, he says no.

What arch, what do you think? Is it hard to celebrate when you have a really big winner? No, no it's not hard. Roberto Selena Yeah feels great. Even if the win is the result of breaking the rules, it still feels great. But the reality is you know people don't complain when they make money.

They complain when they lose money and you know this is I had a you know I just again and again and again I've had students who come up to me and they'll say oh man I can't believe I missed this huge thing and it's like well, would you really have been comfortable holding 10,000 shares of this for the last three days because what you would have been risking would have been easily 5,000 or 10,000 or 15,000 dollars maybe more $20,000 So unless you could have afforded the loss of you know, twenty thousand dollars, this wouldn't have been a smart trade to take. And so of course I didn't take the swing trade on it and but I did hold it alright. Did trade it here through these breakouts and so this morning I hesitated on it a little bit. We had a pre market high up here at $23 the bell rings and let's switch over here to the one-minute chart.

So on the one-minute chart the bell rings and it actually pulls back for a second and I had an order ready to go at 22 and so when I say I have an order oops, when I say I have an order ready to go and what that means is that I type here LM px in this window I type $22 I type my order for a hundred shares and now I'm ready to go. All I have to do is press the Buy button the second. I press that Buy button. My order is going live to the market and I'll show you I don't want to do this on my small account but I'll do it on my big account.

So Z Z V's but having trouble with my Vqz Vzzt. All right. So um, this this one here so let's see. I'm gonna go just gonna move this over here.

All right. So I'm gonna put this at $10 so I put an order at $10 and I want to press the Buy button. Let's add type. You know, without 100 shares, whatever, all I have to do is press the Buy button.

Let's move the order up to 1005. All right. So I have the order of 22 just like this ones at 1005. I Click the Buy button.

What's gonna happen? I'm gonna fill instantly instantly I fell. So I get into these trades typically by entering the order ahead of time and then typing it right down here and then clicking the Buy button. I Can sell by pressing control Z So watch this. I'm gonna press control Z And just like that I'm out I'm out of the trade.

Unfortunately on this one, I had the order of 22 and as it gripped up here from a low of 20, I thought to myself if I get in there 22 and it does a false breakout which is what it did to me yesterday. it did this kind of nasty false breakout then unfortunately I would be risking with a hundred shares, two hundred dollars and I cannot afford a two hundred dollar loss right now. So I said, you know what? I have to wait for confirmation I've got to wait for it to prove that it can really be strong and so what? I ended up doing I'll pull this back to the ten second chart to show you these kind of micro pull backs. So what I ended up doing was I let it go ahead and break that level and my first entry, see if you can guess where it was right here.

So it pops up, it pulls back, it rips up to a high of about $25 and on the one hand I was like, you know, ah, I missed it I should have just punched it 22 but again, I couldn't afford the risk of 22. Now here it popped up to a high of 25, pulled back to a low of 23 50 and then was consolidating right in this range right here. And so my entry at about $24 with a stop of 23 65 2350, that was a much tighter stop. So now I'm managing my risk in a safer way.

So I got into this right here and it rips up all the way to a high of 27 67. It pulls back for a second, then rips up to 28 and this was my first really big win on the stock this was I mean this was truly an awesome trade and I took I used 90% of my buying power on it so I was aggressive on share size and had that big win right through that breakout and then it pulls back, it pulls back but then it pops back up I did the same thing on this pullback right here I got back in with my stop right down here and rode this momentum up. Then we had one more trade right through here. a little false breakout as you can see and that is when we started to go into a period of consolidation and I was like alright, well now we're consolidating sideways, hit a high of 30 and then drop down.

So now I'm all out of it I'm holding sideways I think I may have taken a trade somewhere in here as well I don't remember it was right here or maybe right here, but it was a small winner and at that point I was only trading 40 and 50 shares. I was being pretty conservative on my share size. Okay, so then at this point let's just switch over to the 1-minute chart. The from the 10 seconds no longer really helpful.

Okay, so now we have this 1-minute chart where we're seeing consolidation here underneath $30 All right. So where is the logical breakout spot? This again is based on looking at this pattern that we're very familiar with. Oh boy, here we go. So now we're popping up a little bit.

again. We've got a high there of 3667. Let's check out the five-minute sharp. Yeah, Okay, so it's popped up a couple times.

It did it right here and then faded back down. a hard rejection. It's actually halted twice today, and both times it was halted going down. Um, it definitely halted once.

Maybe it didn't halt a second time, but in any case, it's been a little choppy today. It's the sense this kind of first breakout. So at this point, right here, this was the 5-minute chart. The stock had popped up to a high of thirty dollars had pulled back.

So I'm gonna delete these trend lines for a second remove and remove and I'll just pop this here. Okay, so we're consolidating at this level and I said well. clearly Thirty dollars is the breakout spot. If it breaks thirty, this thing looks awesome.

The problem is, when it breaks 30, if it does break, it'll probably break really quickly. So I start looking the 1-minute chart asking myself, is there an early entry that I may be able to get on this tray and so right through here. I'm watching it and it pops up on this candle two Twenty nine thirty and then it pulls back and as it comes up and breaks. Arnie 2950 that's where I took my trade.

So I got this nice trade on this break for Twenty nine fifty and the stock immediately hits a high of 30 $1.28 I mean it immediately ripped by two dollars per share which was incredible. So it goes up two dollars a share, then it goes up to thirty-two It pulls back for a second, then it rips up to a high of 34 dollars. It does a little micro pullback. guess where I added right here then I'm adding it 34 for the rip up through the highs.

I'm thinking maybe I'll halt going up it high of 38 96 and my exit was right here. the first candle to go red versus the previous low of the previous candle. So my exit here was right there as it just before just as it was dropping down and just like that, I was out and that was my last trade now. I I'll try not to have FOMO if I look at this this afternoon and see that it did rip up to 40 or 50 dollars.

I Still think it has a lot of potential. It really doesn't have any upside resistance. it's a recent IPO it has no chart history. It's clearly moving higher.

It's got a low float It there's very limited availability of shares to borrow on it being a recent IPO and you know most likely you're seeing insiders at least right now accumulating shares rather than selling shares on the open market. So you know I thought I Think that it's very interesting, but at the same time you have to know when to throw in the towel and walk away. 37:15 is a double top right now as you can see this level here and here. so I would probably watch to see if it continues to consolidate in this range.

kind of like right through here, then where's the apex point? If it holds above the moving averages, it holds above the V whap? it stays under 37 15. Then maybe coming out of lunch between 1:00 to 3:00 p.m. maybe between 2:00 and 4:00 we'll start to see it open up for a break of 37 15. This is the problem with the stock though.

the the price is getting higher and higher and higher and higher. So you know, Naturally, you know, even though I grew my account a lot today, my buying power is based on how much I had in the account this morning. So I don't have an ability to be really aggressive on not yeah and well at this point now because the share size or share price is getting too high. so tomorrow or Monday I'll have more buying power and I'll be able to be more aggressive.

But you know by that point and the stock may be up it 40 or 50 dollars or higher. and then I think that you know I'm gonna start to deal with issues of larger and larger spreads and the risk may outweigh the profit potential. So I really owe a lot of things to this stock here today for giving me the Big Green Day TCC only gave me 60 dollars whereas LMP X gave me one thousand, three hundred twenty dollars and 52 cents. So really an awesome day here in the small account, blowing up the account by doubling it in one day.

So those of you guys are gonna stick around that have a cushion el MPX Keep it on watch. You know this, we may get some false breakout, so we definitely have less volume right now than we had at the beginning of the day during these initial breakouts. So I think there's a lot of reason to be careful and use caution. The spread right now is 60 cents.

So that means with you know, 100 shares, your instantly down $60 and I saw the spreads at one point as much as a dollar fifty. almost a dollar seventy per share. So you've got to manage your risk there. But you know for me, I'm gonna throw in the towel and take my profit and I will live to trade another day.

All right you guys! So as always, if you have questions and comments, those of you guys watching on YouTube leave those right down below. I Hope you guys are subscribed to the channel and make sure you register to my next Live Day Trading 101 webinar and you'll learn a little bit about how to manage risk, how to find strong stocks to trade, and where to get in, and where to get out in order to minimize your risk and maximize your profit potential. All right, Thank you guys! I Hope you all have an awesome weekend and we'll see you first thing on Monday morning and Roberto Selena Mike Yeah, all right, let's say goodbye. Alright guys, see you guys later Bye everyone.

Click the link. Yep, check it out. Hope to see you guys there! Hey, did you know that? I Go Live every single morning between 9:00 and 9:15 to stream my pre market watchlist. subscribe the channel, press the bell for the alert and you'll get the.