Biotech Stock Up 114% 🤩 transcript

What's up everyone? Welcome to day 38 of my small account challenge of growing a $2,000 account using Charles Schwab as my broker. Today is another solid green day and an exciting milestone in this small account challenge series because today we donated to the 50th Children's Hospital in the United States. Well, we had to make a little bit of a exception because Wyoming doesn't have a standalone children's hospital. It's the only state that doesn't.

So instead, we donated to Jason's Friends, which is a foundation in Wyoming that serves children. And so we have now donated over $475,000 to children's hospitals across the country. But my goal of turning this account into $100,000 is not yet complete. So as I continue to grow the account from its current balance up to $100,000, we'll continue doing charitable donations since all the money goes to charity. and we'll probably do Washington DC, um, US Virgin Islands, Puerto Rico, and we got a couple other places and a couple other ideas as well.

So, thank you guys because every time you hit the thumbs up, you add an extra dollar to how much I donate. So, this has been an incredible challenge, but it's not over yet. Today, day 38, we had our leading gainer, Jun Ns Junes, that's how I was pronouncing it. Um, stock meets my five pillars of stock selection. You've got demand up more than 10%. Check. You've got relative volume of 415 times average. You've got a news catalyst.

I was a little suspicious of it, but it technically had a news catalyst that was posted on the Benzinga newsfeed. Um, at 7:09 a.m., I believe it was. Uh, price was between 2 and 20, which is great. Float was under 20 million shares, being quite low because it's a recent reverse split, which is a bit of a um sort of bonus points for being a recent reverse split. So, it met five out of the five pillars. And yet, you can see it was a little bit choppy.

It pops up, it sells off. It pops up and this candle right here, the red one was the highest volume candle of the day and and it was red, which is, you know, not very attractive. At that point, I thought, I don't know that this is going to work. Clearly, it's just it's not happening. It pops up again and it rejects. I said, no, I don't think this is going to work. And then it comes up to this level right here and it hesitates just for a moment right under the high.

And I decided to punch it. I took a trade right at the high of day, but not in my small account. Why not? Well, it's Friday. It's the end of the week, and this week I haven't done as well in my main account. In my main account, well, just like the small account, I suppose I've been on a little bit of a roller coaster. So, um even though these uh this recap is really focused on uh the small account, I'll just highlight my big account for a moment.

So, um in my big account, I was read on Friday of last week. I made back those losses on Monday and Tuesday, which got me back to flat. Wednesday was a $500 red day. Thursday, I didn't take any trades. And so today, I was kind of like I thought to myself, let's just focus on the main account to try to get that, you know, a little more profit since I really am just flat versus the loss from last Friday. So anyways, when Jun first popped up, um I wasn't sure I was going to trade it at all.

And then ultimately I did end up breaking the ice and I got in um right here at about uh 741 and then added as it broke through the half dollar of 750. Uh we got the break of 775 $850 all the way up to 10 up to 1050 and cha-ching. Amazing. What a move. 1.2 million shares of volume in that candle and I locked up in my main account $35,000. Now, I added, as you could see, pretty high. I kept once I had a cushion. I kept adding.

I was like, "Okay, here we go." And what ended up well, I took profit and then I added back. Uh, but I got some slippage. I didn't get my fulfill on those orders and we stalled out. Had the formation of this topping tail and then we began to unwind. So, at that point, I put the big account on the shelf. I said, "All right, big account, you're going on the shelf. $35,000. That's a solid day. Good work. Now, small account, your turn." So in the small account, this pops up right here and we get a rejection.

Well, it's fairly extended and we had this big topping tail. It sells off a little bit more. Another rejection goes lower, goes lower. So then we get this curl back up right through here. And I was watching it at 875, but I wasn't sure because at that time the MACD was negative. So I didn't take that trade, but when it curled right up here to about 950 and pulled back, I took this final trade right here. And on that trade, I lost $200.

So I was read $245. And I thought, well, all right, you know what? It's a small red day in the small account. No big deal. MACD didn't quite curl to positive. I thought it was going to, but it just sort of stalled out. And then we got this really interesting move. So, this was the first squeeze right here, the micro pullback right around 750 where I got my first trade in the big account. Then it pulls back, sells off, consolidation under 75, 875, breaks it there.

Probably should have taken that trade, but I didn't. took this trade right here, ended up not uh going up to 10, was in a little too high, stopped out. Then it comes back and I had um done a a small dip trade on this double bottom here with a thousand shares. Actually, I'm sorry, this wasn't a double bottom. This was the previous uh resistance here was 875. So, when it came back down to that level, I bought the dip there and it came back up and I made like 150 bucks on it, 15 cents a share.

So, I was only down 100 on the day after that trade, whatever. Then it comes up here. Um, and it squeezes up and I'm watching it, but I'm not quite sure. And then it drops like a rock. It just hits this flush. Uh, someone must have marked it out or a huge sell order goes through. It flushes to 875. And the second I saw that, I'm watching the level two and I was like, whoa, double bottom. Double bottom right off the previous resistance level.

And I punched it. I punched it right there and I got partial fills at 78, 81,86, 88, 92 and um then it pops here back up to 950 and I took the profit off the table. So, you know what? It ended up going all the way up to $10 a share and then a moment later it flushes back down. So, we got the dip, the rip back up. I took my profit, sold probably too early, and then a moment later it rejects and goes all the way back down again.

And I was like, I'm not going back for that. I'm not touching it. And so [sighs] even though you had this big rejection, this is the one minute chart, I was able to profit by buying the dip, selling up here before it reversed back down. It was a very quick trade. Um, not the type of trade I've taken very often in the small account. I haven't taken as many of those dip trades. Um, but it paid off and I'm up $2,37244. So we've got a nice green day here in the small account.

We've got a nice green day here in the big account. $37,000 on a Friday. finally a Friday that I'm green after being red um the last couple Fridays. Well, at least in the big account. I don't remember on the small account. So, nonetheless, that's where I finished the week. And uh I appreciate you guys tuning in, hitting the thumbs up. Those of you guys that want to watch over my shoulder next week as I continue growing the account up to $100,000, feel free to tune in.

We've got a two-eek trial for $20. And I'll remind you as always that trading is risky. My results are not typical, and there's no guarantee you'll find success whether you trade with me or you learn on your own. So, please manage your risk, take it slow, and always practice in a simulator before putting real money on the line. If I had done that, it would have saved me years of heartache, frustration, and unnecessary losses.

So, please take it slow. And if you want to check out another episode in this series, I'll put links to them right up here. With that, I will see you guys streaming bright and early at 7 a.m. on Monday morning.