All right everyone. good morning. So it's about 10, 25, 10, 30 and I'm sitting down here to do my recap. Go over the trades from this morning, finishing the day in the green.

Had a another good day here. Today was a little better than yesterday. so we're three days into the New Year. Focused my first trade on one good quality setup.

Um, and that was actually um, the first trade this morning was on my Nz and then the second was on lixt. So I sort of had two trades that were both high conviction, good quality. kind of like one and done trades and then from there moved on and started trading more actively. Uh, reli uh, you can see on my screen now this one, um was, uh, one of the last ones I got a nice trade on.

hit a high of 10 32 and it's a daily breakout, you know, which is why you're obviously seeing a volume spike right at that level there, up to 10 32, then a pullback. so some interesting stuff there. But uh, so let's go back. Well so two things.

so number one, uh, tomorrow 1 pm Eastern those on Youtube. I'm going to host a workshop. It's going to be a small Account Challenge workshop where I am going to teach for you. Uh, direct from chapter 16 of the live trade of um, uh, the Small Cap Day Trading course.

So I'm looking at the live trading archives. So um, I'm going to go over these live trading archives, but we'll be teaching from Chapter 16.. what is chapter 16 of the Small Cap Day Trading course? It is the Small Account Challenge. So initially I was planning on doing a Small Account Challenge starting the first week of January and that was if we crossed over a million subscribers on the Youtube channel.

but we came up short. so I'm going to wait to start the official Small Account Challenge until we do cross a million subscribers. And in the meantime, tomorrow 1 Pm Eastern, I'm going to teach this free Small Account Challenge class. So this is a little bit of an excerpt from the Warrior Pro Curriculum for those on Youtube that are wanting to learn a little bit more and maybe are not yet students in the classes.

So during this workshop, I'll go over my metrics from the last three small account challenges that I did, including live trading examples of, uh, some of the early trades. Uh, this was the the most recent small Count challenge I did. and you can see One trade a day, one trade a day is the small account way. One trade, one trade, one trade, one trade, one trade.

And so by the end of those first five, six days now my account has grown a little bit. I've built a little bit of a cushion. Now I'm gonna say and put up my disclaimer as always, that my results are not typical. Most beginner traders do lose money, so you shouldn't assume that you'll make money as a beginner.

and those with limited resources are should be especially cautious trading so we don't track the typical result of our student. And since we don't track the typical result, I can't say that our students will be any more or less successful than the typical trader. But what I can tell you is that if you do want to learn about the financial markets, I am happy to teach you about them And I'm qualified to speak on it because I have been very successful. Even if my results are not typical, my experience has been, uh, pretty impressive.

So if you wanna learn from someone, you typically wanna learn from someone who's uh, credible and qualified All right. So uh. with that said, uh, make sure you guys register to that uh workshop tomorrow 1 pm Eastern though that's especially for those on Youtube Warrior Pro Students you already have access to chapter 16 and I'm going to not teach the full version of it anyways so you guys don't have to worry about that. All right? So um, today I sat down and I said, just like I said yesterday and the day before, I have it written down in front of me: how can I make this simple? how can I slow it down? That's the motto of Trader Rehab.

That's also the motto of a Small Account Challenge. How can I just slow this down and focus on the basics? Well, the basic goal during Trader Rehab. and during a small account challenge: 10 cents a day. I want to make 10 cents a day per share.

Now I know that. Oh gosh, that doesn't sound like much. You guys all sitting around here just struggling to make 10 cents a day per share. And the fact is, the statistics tell us.

And well, there's there's a survey that we have on the footer of our website. It's a survey of about Three Point Gosh, Three Point Something billion trades. So a very large Um study that was done 3.7 billion trades found that only 9.8 percent of trading volume was generated, but generated by predictably profitable traders. and that those profitable traders, uh, constitute less than three percent of average day traders less than three percent.

So that means the remaining ninety percent and ninety seven percent are struggling to even capture just ten cents a day. Because the reason that I focus on, uh, Tencent today is because I I feel from my experience that it's uh, easier to predict when a stock is going to go up 10, uh, sorry, 10 cents, Then when it's going to go up, well, 10, or when it's going to go up a dollar a share or five dollars a share. And so when you get into longer time frames of swing trading and uh, trying to predict bigger moves, it can be very difficult. Whereas a level like this ten Dollars, which was, uh, very, very clear, pre-market high and high a day, the fact that it would break 10 and go up 10 cents was for me, a more predictable level.

Now I didn't end up taking that trade. it went without me, but that was the level that I had on watch. I just ended up um, missing that particular trade. So if the goal is 10 cents a share and we had a student earlier who said, russ, you know I'm only trading with 50 shares, 10 cents is 5 bucks.

That's not going to cut it, I hear you. it's not going to cut it. You're right. Well, if you're trying to make money to pay bills with 50 share positions in the market, it's not going to happen.

It's not going to happen day trading, not with 50 share positions and you're not going to pay significant bills if you're even swing trading or investing with 50 share positions. unless you're trading something like Tesla that's higher priced or Amazon. If you're trading small cap stocks, you know 50 shares isn't going to pay the bill bills. But what 50 shares can do is it can prove.

uh, a proof of concept. Prove For a week, commit yourself one week to trading one trade a day. And if you can make five dollars a day consistently 10 cents a share with 50 shares, you would be doing something that 90 plus percent of traders haven't figured out how to do. Not overstay your welcome, book the profit you know one and done.

shut it down and that's significant. And the whole theory here is that if you could do it with 50 shares, why couldn't you do it with 500 And why couldn't you do it with 5 000.? And so I share my trading metrics with you just to show you the fact that my average winners are only about 15 cents per share. They're not big, but you do that. Uh, well.

18 000 times in a row. Uh, my metrics. Here I've got uh, 18 549 trades. You do 15 cents, average winner 15 000 times in a row, and you do it with an average, uh share size of 10 000 shares or whatever it is.

That's where it starts to add up. so small profits. There's nothing wrong with that. If you start saying well, I'm only trading with 50 shares.

Therefore, I can't sell and take profit until I'm up 50 cents a share. Now you're trying to do something even more difficult. You're trying to capture 50 share out of your out of every trade. I don't capture 50 cents a share out of every trade.

Sure, I do sometimes, but not not typically. not on average. All right. So as I sat down this morning again, I said, how can I make this simple I need to focus on one trade.

I need to pretend like I'm doing one trade a day. And so I sat down and I started getting dialed in on Mynz. All right. So Mynz the first trade.

Uh, there was a couple, but uh. so my first trade on it was actually the break of 20 right there. the break of twenty dollars and I got in and got out. I didn't even that I didn't call out that trade, I just got in and got out instant trade.

So I was in at 20 out as it popped up to 2067 and that was a little bit impulsive. I was like okay, slow down, slow down, you need to look for that one Really good trade And it was right here. the first one minute candle to make a new high. Buying the dip around 2049 2050, 2055 we got the squeeze there up to 21.

now that was about 40 cents a share. so I got the 10 cents. I got the 10 cents. I booked the profit on it.

That was my first trade, it was 3 000 in profit. Then I got back in, uh, second trade on it, back up to 21 14 and then the third trade was back up to 21.41 So I ended up getting three trades on it. but the first trade was the highest quality setup and then I said okay, let me switch gears. Uh, Li Xt is popping up and this one is a little bit lower priced so I want to focus on something that's a little bit lower price.

These ones are usually going to be a little bit easier for me to manage, manage risk on. and so Li Xt starts popping up and I said okay, where can I be a buyer on this two Dollars 50 cents, 250, 260. this was a one minute pullback right here and so this is where I was dialing in. We got the trade right here and once again I said okay, this one a full 10 cents.

might be a little harder because it's a little cheaper, but let's see what we can get. So the first trade right here went up to a high of 274. Then it pulled back and gave us another one minute pullback right here at 274. That trade.

Oops. Then gave me the move up towards three. Now why was I focusing on these two stocks? These were the two leading gappers in the entire market lixt gapped up 122 with news 6.13 million share float, 80 million shares of volume today, my Nz gapping up 75 on 13 million shares of volume volume a little lower price a bit higher. Nine million share float focusing on the leading gappers.

All right for for those early trades. So we got the move here up to three, another pullback, a false breakout right here, up to oh sorry, 302 dips down, and then first five minute kill to make a new high. So then I started just actively trading it. So though the one and done trade the first one was Mynz, the one minute pullback and then the second one that I sort of was like the most dialed in on was right in this area here and then I just start actively trading these and you know it's tough because I'm trying to be in the mindset if I had a small account today, if I was in trade or Rehab today, Is this the one I would focus on? I'm trying as and this is this is really hard because there are some days where you know I end up trading stocks like you know, a game stop or something like that and they're higher priced, They're extremely volatile and you know I might.

I might totally crush it on a stock like that, but it's for a lot of the beginner traders that are tuned in you're looking at and you're like the spreads are huge. I mean this is just so risky and you know I might on a day like that, take 100 trades. I mean I might just be so so active and none of those trades are necessarily so this. um, so this was, uh, last year.

122 trades, 126 trades, 74 trades. You know, these were crazy days. So on these types of days I wasn't really thinking a whole lot about you know, Trader Rehab or small Account Challenge That wasn't in my mind at all what I was thinking about. was maximizing on this incredible opportunity with big share size and crushing it and you know that was the right thing to do.

I traded the account very well, but you know, as we're starting the New Year, I'm trying to as much as possible be in the mindset of where we are for a lot of students which is Trader Rehab. We had the great class last week that's available in the Warrior Pro curriculum now and just trying to kind of think each day slow it down. And so the first couple trades trying to be very dialed in a quality setup as if I was in Trader Rehab and then once I kind of lock those two trades then getting more active. I did have a trade going into the Open on Li Xt I held 30 000 shares.

going into the open was looking for the rip through 311 squeeze into a halt up. It didn't happen, it dropped and I took a loss of 3 000 on that 10 cents a share. But then we had relie and was able to recoup the losses. With this trade on Reli and Reli is still holding up pretty nicely.

So uh but I I would say one thing to note today that was kind of interesting is a momentum a little bit more dispersed across the market. Uh Ewtx was another one that was that made a nice red to green move through. V Wap Isig popped up. I, you know, I didn't jump on that, so we were definitely seeing.

Um, you know, the Gap scanner was solid. We had on the top five. you know, four of the stocks floats under 10 million shares former runners, former momo stocks. so good looking scan but not one super obvious stock and that can be a little bit of a challenge.

I usually do better when there's one that's super obvious. When momentum is kind of dispersed across four or five stocks, it can just be a little bit harder. So anyways, I'm happy with how I did today. I traded well, I hit my daily goal and now I'm going to shut it down.

So I hit my daily goal on Monday. I came up short yesterday, and I hit my daily goal again today. So two out of three days this week at the daily Goal, not really exceeding it much, but just hitting the daily goal. um, and trying to kind of build a little bit of a cushion on on the year.

And right now trading in my retirement account? uh, not wanting to generate, you know, a big tax bill for 2022 a year, so putting a little way a little away in the retirement account. trying to make a good decision there. And um, you know we one of the things we talked about in our zoom session that we had two weeks ago with, uh, profitable traders. Those who have their profitability badges is, you know, kind of: how do you take trading to the next level once you've kind of gotten over the hump and you've started making money, how do you scale it? And um, certainly one of the ways, uh, to make more money is to keep more in your pocket.

Now if that means trading in a tax-deferred account, then you're paying less income tax, which is the effect of making more money. I mean, yes, you can't spend it right now, but um, your take home at the end of the year could be, uh, you know, potentially like twice as much depending on what your tax rate is your bracket. so it is something to be thoughtful about. And anyway, so um, nice to see Reli here.

Uh, 12 000 share seller at 20.. So that level of 20, for instance, that's a breakout you can see. I mean, it's just so clear that that's a breakout spot. and then your next level is 30..

So watch this. So there's a trade there. Entry at 37 and let's see if we get the squeeze up to 47.57 This is the spot where I would look for that quick 10 cents as it starts to pull away from this level. so you've got 40 on the ask.

I'd like to see 45 and then 50.. my fill with the hotkey. Not perfect. I would have preferred a fill probably closer to 30, but you know we'll take what I can get.

So let's see, there's 40 on the Ask. So on this type of trade I'd be looking for the break through 10 45 and then 10 50.. The thing on this? because it's a daily breakout setup. I'd be looking for a little bit more volume here through 45 55, 65 75 and then move up towards 11..

So I take this. you know, starter with 3 000 shares. volume on this one minute candle is pretty good. The high is 40.

new order goes at 50.. So let's see if we can break through 10.45 10.50 Got a seller at 40 and I want to see it break that level. So let's see watching through 40 and then 45 up to 10.50 and then if we can clear 10.50 then I'd be looking for 10 55, 10 60.. So you can see on the one minute.

this is sort of the beginning of a one minute pullback here. The perfect entry on this would have been right down here at 20. that was the entry. I'm in.

17 cents higher and 17 cents. That's the difference between, you know, potentially a 17 cent winner or a 17 cent loser if you're in that high. I don't mind chasing, um, a stock like this that has what I would consider to be a pretty strong daily setup. We'll see if we do get that break through 10 40, 10, 45, 10 50.

So um so there's 10 40 on the ask. So looking for the break through that level so you see how there's a hidden seller? This is one of those areas where I want to see that hidden seller break. Previous support was 1021 1020 a previous resistance. so we look for the support off of that level so let's see if I can fill off of support so filled there at 10 20..

So trying to buy that dip and then I put the new order at 10 45. So if we can break through 1045 I can add. as soon as I see that seller starting to come down. So now watching over 38.39 let's see if that seller comes down here.

First one minute candle, that's a bottoming tail. There we go. Added right there now looking for the break through 50. So we broke through that high.

there's 47 looking for the break through 10.50 then 10.55 1060.. So that was a pretty nice bottoming tail candle there. right up through 10 46, 10 47. I'm gonna flat at 10 39.

it should have broken 50 right away. but you know in any case. uh the entry, the ad off of 1020 which was psychological support that previous level. Then the pop back up bottoming tail.

the high is 49. I would really like to have seen it rip through 50 then go to 55. But so that wasn't the easiest 10 cent trade that I've ever had. But in any case, it's a little later in the day 10 45.

So I guess that's not too shocking. I hope that it does open up a little bit more. I like that daily chart. Uh, so um, those on Youtube also remind you guys we're not doing the morning show right now.

Uh, this week I want to focus on our warrior pro students. The students that are tuned in in the chat room and not have the distraction of trying to kind of manage keep my eye on Youtube. So uh, just wanted to let you guys know and I told you that towards the end of last week. So um, this week coming on and doing my uh, and well as we turned.

as it turned out, one trade there on Reli but uh, yeah, focusing on students that are part of the community. All right. So uh, thank you guys for tuning in. Uh, to the recap here.

Hopefully you had a decent day. Uh, if you're wanting to learn a little bit more about my strategy, make sure you register to the workshop tomorrow 1 p.m Eastern. That will be a live event so I'm excited to teach it and feel free to bring your questions. The first uh, I think it's 1 000 people that log into the webinar platform will be able to type and ask questions and then everyone beyond that is in listen only mode.

So make sure you, um, if you want to be able to type and ask questions, you log in a little early. I'm pretty sure we already have over a thousand people that have registered for tomorrow's workshop. Okay, so uh, I hope you guys have a great rest of the day. Remember, don't overstay your welcome, Try to get Green.

Shut it down. Come back, do it again tomorrow. All right. And this trade on Reli the starter was 3 000 shares.

I added another 3 000 off of 10 21. So 6 000 share position. For me, that's small size. I think my biggest position today on anything was maybe oh well, no.

I traded. um uh, lixt with a larger size, that one was lower priced. a large size being 45 000 shares. maybe 50 on a lower price stock like this.

But in any case, 6000 shares is still definitely a starter, which is the right share size for a 1045 late morning trade. If it works and you get a little profit, that's great. If it doesn't, you don't ruin your day. Remember 11 A.m Jess will be doing a Qa session.

So if you have some questions about order routing or hot keys or level 2 or anything that you may have questions about as you're going through the class, bring those questions to Justice Session at 11 Am and I will see you guys first thing tomorrow morning. Remember: for Warrior Pro Students: 7 30 A.m Guided meditation. Ted is doing that this week to help you guys get centered. If you go off course on your trader rehab or small account trading plan or whatever, just even your traditional strategy and you need to self-correct re-correct Do it quick, cut the losses, let them be what they are and come back tomorrow.

Tomorrow's a new day, All right. I'll see you guys first thing tomorrow morning. You.