Day 31 of My New Small Account Day Trading Challenge | Recap by Ross Cameron transcript

what's up everyone all right well today is day 31 the small account challenge and i'm up a little over two thousand dollars which is great it's 12 game in the account good progress my daily goal right now it's about a thousand dollars i mean that's being a little optimistic but you know i think it's doable and i did it today well doubled it today which is great so the account today grew from 16 000 to 18 000 which means now i'm a little less than twelve thousand dollars of the way to the thirty thousand dollar goal six more days like today i'm gonna cross that line so this is good making progress today i traded three different stocks we had some decent momentum it was a little tricky because a lot of continuation on some fomo from friday so fomo momo friday on meme stocks sprt aten vbig and you know those were was a ater in any case those were a little bit tricky but you know i got green and shut it down i did not overstay my welcome today so although it's only a little past 10 a.m hey i'm up 2 000 bucks now i can enjoy the rest of the day and it's august might as well enjoy summer so i'm going to get outside and enjoy the rest of the day and i'm going to be back at it tomorrow for day 30. what did i say today's day 30 day so then tomorrow's day wait it's 31 so tomorrow's date 32 i think oh now i'm confused anyways it's a green day and that's what counts so as always in case you already know trading is risky most beginner traders lose money so take it slow one trade at a time in the simulator prove you have what it takes to be profitable in the sim before you trade your own money and remember as always my results are not typical i hope you enjoyed this recap hit that thumbs up subscribe the channel please and i will see you tomorrow for day 32. i think it is all right see you tomorrow [Music] all right everyone so uh today is monday morning it's day 31 of the small account challenge and i'm up two thousand fifty six dollars and forty four cents which means i've doubled my daily goal my daily goal was a thousand so that's terrific i am very happy with that the first stock i traded was blin now maybe before i go over that just looking at the gap scanner today was a little tricky because we didn't have a really obvious gapper although i made the most on bbig which was our second leading gapper i wasn't even sure that one was gonna work sort of the problem was we i didn't think we had a really obvious stock today and that's partly because there was still a lot of attention focused on sprt now i traded sprt in my main account and got green in it uh so that was fine but this one i knew wasn't really suitable for the small account so then trade it at er was a bit of continuation from friday you know these sort of meme stocks that picked up on friday bbig was the same and you know i finally went ahead and took a trade on it and the trade that i took was the break of um 6 20 sorry 9 24 right here at the opening bell and we got to squeeze up to 10 bucks that was pretty good and then we had a false halt down at 8 48 and i bought it and it popped back up to 9 9 32. so those are my trades on bvig it came up again to 10 i was watching it but didn't take the trade i was looking for it to break 10 and if it broke then 10 59 the pre-market highs and then i was looking at the daily levels all-time high on the stock is 1163 and then it's blue sky no resistance above that because it's all-time highs so you know i was kind of interested but um unfortunately just wasn't able to do it and now it's sold off quite a bit and so i'm i'm leaving it alone all right so that was bbig um which was our second leading gapper gsat was the third leading gapper but the floats 700 million shares i was starting to get a little tempted on it because i was thinking about the fact that i could buy with my starting balance today of sixteen thousand dollars i could actually take a pretty good size position on it like 5 000 plus shares you know 10 cents is 500 bucks but i left it alone which is the right move the flow was a little too high on that so then we had ater which i did take one trade on pre-market and um on that one it was uh where was it i think it was right oh sorry it was um off of ascending support i actually bought a dip on it which was a little aggressive but right down here a little over nine dollars a stop was the low so i had a pretty tight stop and we did get a nice curl back up here to 934 and then a break of that level up to 980. so that was a decent dip off ascending support that yellow trend line so we break those down in chapter four of the warrior pro classes and chapter five uh and then i had blin which um at the time was gapping up about 19 since sold off but this was one of the only ones that actually had news this morning so i was like all right i'll give that a try and i took a trade on it at six it squeezed up to a high of 634 before pulling back popped up a little at the open and then sold off again so you know got green on it didn't overstay my welcome and that was kind of the name of the game today not overstaying my welcome we're coming towards the end of the month i want to be grateful that i'm green and you know not kind of try to squeeze too much out of the month given that august can tend to be a little bit on the slow side and uh just being green is is obviously nice i see rn xt hitting the scanner this is the one that um i traded on friday and you know you got two halts in a row there but no news and it was on friday it was choppy if you recall it popped up and then halted coming back down um that was in in this area here so not easy so not overstaying my welcome got green gonna stay green two thousand dollars for day thirty one tomorrow i'll be logging in with a little over eighteen thousand in the account and now starting to close the gap towards my thirty thousand dollar goal uh twelve thousand dollars uh until i cross it so that would be six more days like today so starting to get really close to that level uh i mean ultimately the goal on any small account most likely is to turn it into 25 000 then once you've got 25 000 you're able to trade more aggressively obviously with a u.s account you can have margin you might be able to feel more comfortable using it because you've grown the account as much as you already have so i'm going to grow it to 30. uh i started with 4 300 so that'll give me about 25 000 in total profit and i'll donate that to charity and that'll put my charitable donations over a million bucks so i'm at 975 000 right now approximately so all right well that's it for me uh green day for day 31 and i'll be back at it tomorrow for day 32. 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 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