Day 11 of Growing a $2,000 Account with Charles Schwab transcript

What's up everyone? Welcome to day 11 of my small account challenge of growing a $2,000 account. Today's a green day and today I took the most trades I've taken during the entire challenge. I took a total of eight trades. There was one stock that I took just one trade on and then the other stock I took seven trades on. But of those eight trades today, I had three losers. The biggest loss was my last trade of the day and it gave back about 40% of my profit, which is absolutely my cue to take my foot off the gas and say, "That's it.

I'm done." I want to make sure I preserve the green day going into the weekend. So, we're going to jump on the screen share. We're going to break it down. As always, the profits from these challenges are getting donated to charity and every time you guys hit the thumbs up, you're adding an extra dollar to how much I donate for the 50 state children's hospital goal. The goal of donating to one children's hospital in every state in the United States.

We've already gone through 25, so we're halfway there. Thank you guys for hitting those those thumbs up and making this possible. So, day 11. ZDAI was on the high day momentum scanner this morning and you know, to be honest, I kind of didn't think a lot of it initially and this is a classic example of underestimating a stock, then it ends up making a move and then I get in, but I'm getting in a little higher. Now, that can work, but there's risk associated with doing that because you don't have the best entry.

In the small account, it's much more forgiving. I can get in very easily and I can get out very easily. This will be an example of a trade that I took in the small account and then after taking this trade in the small account, which was this pullback right here, I'm adding in the big account on the squeeze up. It stalls out. My cost basis is way too high and I end up going red in my main account with big size. Small account, nimble, light, able to jump in, jump out.

So, got a winner on in the small account and sadly, I'm red in the big account. We'll do the big account recap later today. So, that was day 11 on ZDAI. Just buying that uh second pullback there. The first one, I just didn't think it was going to work. Uh but, it did. So, then I took a trade on the second pullback. Now, on the third pullback here, we were still on the 10-second chart. So, I thought we were going to continue higher.

And at that moment, it was the most obvious stock in the market uh at at that time. So, I felt like it was going to keep going higher, and it did not. So, then the second stock I traded was S-dot. Now, S-dot, you could see right here, 73% gain, leading gainer in the entire market. Price is about $10.73 a share. So, it's a little bit more expensive than some of the others. Um it's not outrageous. I mean, I can still afford it in the small account, but I've got to be, you know, I've got to be a little bit thoughtful.

So, as of yesterday, I had about $11,000 in the small account. So, I was able to take 1,000 shares of the stock. And I began trading it right here as it broke through the volume-weighted average price. With my first trade right right around there on that little micro pullback. And then we got the squeeze all the way up to 12. So, as I traded it, I was jumping in, I was jumping out. Got in at about I can't remember the price, but the first trade was um a $300 winner, which I thought was pretty solid.

The second trade was another $300 winner. So, these are about 30 cent winners each on 1,000 shares. So, now I'm up $600 on that stock. Got a couple more little trades on it. And then had one trade that was like a break-even trade. It was technically a loss, but I was in and out within like 3 cents. So, yes, it was red, but it was tiny. I had another trade like that that I got in and out of, and it was like cut it very quickly.

It was a tiny loss. So, technically, it's a loss. It will hurt my accuracy rating, uh but the loss was really small. And then the last trade, I was looking for this to squeeze at the opening bell into a possible halt up and it did the opposite. It rejected and dropped down and so that was my one bigger loss on it and I gave back some profit. So now I'm up $254 on S. I'm up a little over 1,000 on ZDAI and that puts me at $1,300 on the day which means my account is now at $12,815.44.

So let's see account growth since day one. Uh let's do let's just back that up. So uh is that right? Yeah, $12,815.44. Yep. So account is up now 540%. 28 trades. So now I've increased the total number of trades by eight today. Uh 22 winners, six losers, accuracy dropped down to 78%. My accuracy yesterday was at like 85%. I think I was at 17 winners and only three losers on 20 trades. So today I introduced three more losers.

Granted two of them were very small but nonetheless a loser's a loser. And it also brought down my average gain. Oh actually I have this as daily gain. Uh but in fact I'm calculating it not as daily gain but my average um gain loss uh per trade. That's what it actually is. Um so the average gain loss per trade is now $386. So if we go back to um yesterday, this is where we were at yesterday. 85% accuracy and $473 average winner or average trade.

So um you know, average gain loss per um per trade. So yeah, today uh look, I mean it's a green day in the small account. I can't really complain too much uh but at the same time uh some of the metrics have suffered a little bit and this is the result of trading um S. You know, fairly aggressively. Now as you can see it has kind of pushed a little bit higher up to a high of 1281. Um I thought it had the potential you know, maybe to get really start to curl and get back towards the pre-market high, but it's always tricky when you have a pre-market high that's formed by a giant topping tail cuz it shows that while the stock went up, sellers pushed it right back down very quickly.

And so, we got a little bounce here, a rejection, and then this one held a little bit better, but in spite of this volume, it's not pulling away really quickly. So, I think I did the best on it that I would be able to do here for a Friday, and I've got to be grateful uh just to be green because of course, as you'll see when you tune into the recap for my main account, although I made money on S dot in the main account, I'm red in the main account today uh because of that bigger loss on um what was it?

ZD ZDAI. So, that was discouraging, and I also took a loss in my big account on another ticker. So, we'll break that down separately over there. Um but in any case, the small account has had some good progress this week. The account continues to grow. So, we're at 540% total growth right now, and um at this point, I'm going to continue growing the account for um at least the next uh probably through next week because this is all set up and ready to continue to trade in every day.

And I am looking at the comments that you guys left on yesterday's episode about what to do next, resetting the account, going down to going back down to $2,000, using a different broker, etc., etc. So, I'm keeping all of that in mind, uh but for I think the rest of um next week going into the 4th of July holiday, I'll continue focusing on uh you know, chipping away and getting a few more days in this account, and we'll see where I'm at by the end of next week, you know, day 14 or or 15, whatever it is.

Okay, so with that, thank you guys as always for tuning in. I'll remind you that, you know what I'm going to say, trading is risky. My results aren't typical and there's no guarantee you'll find success whether you trade with me or you learn on your own. So, your best bet to manage your risk is to practice in a simulator before putting real money on the line and I'll see you guys back here bright and early Monday morning streaming at 7:00 a.m.