Day 39 of My New Small Account Challenge | Recap by Ross Cameron transcript

what's up everyone all right well it's a red day recap small account is struggling the last week and a half has not been easy i had a couple of big red days back when i was still on vacation then a couple of small green days and then i didn't trade yesterday and now today two thousand dollar red day so it counts down over ten percent today from well just about ten percent from a twenty thousand dollar starting balance down uh two thousand dollars so a little less than ten percent but in any case i'm a little disappointed um it's the luck of the draw we just haven't had really good momentum especially on lower price stocks which is what i'm trying to focus on because the account is smaller and because i'm choosing not to use leverage i can make i can take bigger positions on lower price stocks and so i'm sort of focusing more on those uh the last week the trades that have been the biggest winners have been higher price so i traded them in my big account but not a small account again if i was trading the big account or the small account every single day and then i would probably say well i'll just try to trade the big higher price stocks with smaller share size because it's better than missing it but right now there's an opportunity cost in doing that let's say i take a trade with 500 shares in the small account you know like i don't know stock that's like 30 or 40 a share that same trade in my big account i could buy 10 000 shares or more and a dollar a share is then ten thousand dollars in profit versus only 500. so i'm focusing naturally on my main account for those higher priced stocks and unfortunately as it turns out uh i'm missing some opportunities but it is what it is so kind of grinding and doing the best i can trading two accounts at the same time and today the small account got the short end of the stick so that's the way it goes as always in case you already know my results are not typical you should not try to blindly follow me or anyone else and in fact you should assume as a beginner trader you'll lose money and with that assumption mind train the simulator before you put real money on the line i hope you enjoy the recap it's a red day recap please hit that thumbs up and i'll see you first thing tomorrow morning for day 40 of the small account challenge [Music] all right so today's day 39 small account challenge it's a red day down two thousand dollars took three trades i lost on three all three so zero percent success today first trade was dats dats is still holding up i guess relatively well my trade on it was at the open i bought it about 8 15. right here as it was squeezing up high that candle was 816. i bought the next candles it made the new high hit a high of 832 and then flushed to 792 and i stopped out on this candle right here at about eight dollars it that did end up coming back to 830 but it just didn't hold up so i stopped out and that one lost 239 azrx was the next trade that i took this one i tried to do a uh halt resumption i got in at 560 was looking to buy the dip for the retest of the highs and stopped out right down here at 527. two cents off the lows not a great exit ended up bouncing back to break even well i took the 900 loss and then my last trade was jcs which i got in at um 850 for the break of the v app right before this candle here i was at 850 and out at 8 10. so those were three trades three losers and you know all things considered leading gapper today was weak second leading gapper of jcs wasn't much stronger nnbc wasn't either so i probably maybe i shouldn't have taken any trades today given that we didn't have anything that was really strong i tried to make the most of what we had and sometimes making the most of what we have can put me in the green but not today so down two thousand bucks the account this morning was at um twenty thousand so it's gonna be at eighteen thousand now tomorrow which is disappointing uh it's been a rough couple weeks in the account from hitting the high of 26 to then dropping up uh to 19 000 and then making the progress back to 20 and then now dropping back down to 18. so i'm moving in the wrong direction the last couple weeks in this account for lack of nice momentum and just kind of not catching the right setups and i do need to start turning that around at some point here i'm not loving that i've been giving back profit but you know i step up each day and we just haven't been seeing really good action in the price range that makes sense for the small account i'm also not focusing exclusively on the small account i'm still trading in my main account and i primarily am trading higher price stocks in the main account some of those higher price stocks have given me some great opportunities in the last couple weeks but i just didn't take any of those trades in the small account so small accounts taking a little bit of a um back burner and hasn't been doing as well but once we get back into some nice action on lower priced stocks i think i'll have be able to have a couple of nice back-to-back green days and start to make a little more progress so anyways that's it for day 39 i'll be back at it tomorrow for day 40. and that right there was an entire video with no ads i don't monetize my youtube channel with video ads which means you guys get to enjoy the content but do me a favor please hit that subscribe button and give me a thumbs up and let youtube know that this channel is the channel to watch if you want to learn about day trading [Music]