The Small Account is Growing! 📈💪 | TD Ameritrade Side Hustle Challenge Day 5 transcript

what's up everyone all right well today is the fifth day of trading in my small TD Ameritrade account this is the small count challenge I'm doing this month and today I'm up another hundred and sixty six dollars which is awesome so two back-to-back days really nice progress here the account is growing so I hope you guys enjoyed this recap as always if you're not already subscribed to the channel hit that subscribe button and hit the like button for me doing these small account challenges all right and if you have suggestions for what I should do for the next small account challenge leave those down below in the comments alright I hope you guys enjoyed this recap I will see you back first thing tomorrow morning alright everyone so we're gonna do a recap here on day 5 of trading in my small TD Ameritrade account so today is the fifth day of trade in this account and I'm up a hundred and sixty six dollars and 27 cents which is terrific another you know decent day I used pretty much the balance of my buying power I only have a hundred and fifty dollars left of buying power but tomorrow the I guess fifteen hundred dollars or so that I used yesterday will be available excuse me available to trade again so basically this week I've been trading half the buying power each day and with the two day settlement that that works out perfectly so I can trade half my cash balance which is now thirty two hundred so I can trade sixteen hundred dollars each day so my one trade today was on NTR P this was straight off the watchlist we've got our gaap scanner here I'll run this for 9:20 a.m. and you can see NTR P was our leading gapper gapping up 65 percent with about four hundred thousand shares of pre market volume and a float of twelve million shares price was 240 so pre market as I was looking at this thing we had a pre market high of about 250 and then a little pullback and I was watching for that break back over 250 so let's look at the one-minute chart one minute chart here we can clearly see that resistance level of the pre-market high which is actually 255 it had dipped down to 222 so we've got about a 30 cent range I got in as it started to curl up right here for the break over to 40 and as we got the break through to 50 it gave a quick squeeze all the way here up to 322 now I sold as it broke through 355 of course that that was my target and in this account you know it's always sort of a challenge but the goal is to just take lots of base hits and on this pop right here up to 74 I took my profit it ended up coming back down here to 55 consolidating before then opening up for this move up to 3 pulling back at 3 before opening up to the move to 322 so it wasn't you know it was one that I think it was the right move to go ahead and take the profit off the table into that first breakout so let's look at this I'll just put up the recording of this right here so we'll go back here alright so I've got my hand on the Bible by market now this is the the button that I like to use and I've set this up so I can be watching up to four stocks at once these two I was not watching these were left over from I don't know actually is like last week but ntr P&G npx were the two that I was watching all right so we've got NTR P up here on the side I typed it in for 600 shares and basically that was just me quickly doing the math of what is you know what's the most number of shares I can take given I only have like 1500 dollars of buying power so I typed it in for 600 shares had my hand on the Buy button alright so right here right there I click the Buy button so we'll just back that up just for a second so I have my hand over it I've got my main trading account there so I move that over to the side focusing on t v-- ameritrade I've got my chart here I bring my mouse over here and I'm going to click this there's the click and a pretty quick execution there pretty quick fill a generous fill at that giving me shares at 2:38 right that's six seven cents better than the current ask so you know let's look at that one one more time so it looks like I pressed it right when the ask was at about 40 and I got filled at the bit price of 38 I'll take an extra two cents not bad so extra two cents there now we're up to 44 45 I'm looking for it to break over the half-dollar this is a one-minute opening range breakout right here based on the first one-minute candle there's 45 now I put my button my mouse on the join the ask button because I want to sell at the app and right there it blasts through the half-dollar and goes up to 265 I click the button to join the ask and right there my shares fill so I'm now out with a hundred and sixty six dollars and twenty seven cents of profit not bad and obviously on this stock I could have tried to swing for a little bit more of a home run and if I had done that no doubt you know in this particular case I would have been able to ride this momentum here maybe up towards 322 so I probably could have made a little more money on this but this account is so small and the fact that I can only trade once a day it feels so important that each day is a green trade that I continue to have you know just green trades profitable trades and that I'm not risking the the base hit for a possible home run which you know you just never know if you're gonna get and I do have hotkeys set up here under application settings however I haven't actually been using them and generally I don't use my hot keys to enter trades I actually click the Buy button but in this case I haven't been using the hot keys to exit trades either it's just been a little faster or easier for me to click the button that I want and I think part of that is because some of my early experiences with TD Ameritrade were that I wasn't always clear whether or not my hotkey was being recognized by the platform and so I press it once and I'd be like nothing's happening what do I do do i press the second time because if sometimes you press a hotkey twice you know you end up buying twice or selling twice it's not what you want and then I kind of wait and so for me it's a little just easier to click the button and know that because I clicked it this should be happening right now and then of course I have my orders window just to the side so I can see that as well so the accounts now up about $700 in five days of trading so I'm averaging you know still around one hundred and twenty-five dollars a day I don't know where my phone was I could do the math real quick but in any case you know 125 or so a day is a nice daily average considering I've started with only twenty-five hundred dollars now I haven't traded in this account every single day there have been some days I haven't traded because I haven't seen anything that I've liked or because I've been focusing on my main trading account and I haven't wanted to prioritize this one but you know today I saw an opportunity on NTR P that I thought was a good one the stock was low enough price that I could get a nice position on it I thought 20 30 cents was realistic I got you know 25 cents which is overall a solid trade and of course with you know a thousand shares that would have been like 300 bucks with 2,000 shares it would have been you know 600 bucks with 10,000 shares it would have been $2,500 and there's no reason that I couldn't have taken 10,000 shares on this setup it's just a limitation of the number you know the buying power that I have in the account and that's dictating the number of shares I can take so Soliday here five of the TD Ameritrade small count challenge and I'm gonna keep it going you know if I see something that looks good tomorrow I'll be happy to trade in this account again tomorrow if I don't see anything that looks good I'll take a day off and then on Friday I'll be this trade will clear and I'll now on Friday have a full $3,200 of buying power so you know if I wanted to take one trade with you know all-in I could do that but it would just mean that I wouldn't be able to trade at all the next day I'd have to wait until Tuesday to trade again so you know it's kind of working based on the current market conditions based on my cash balance the settlement period and making the decision you know kind of that gametime decision of what makes the most sense today so today I used all the buying power I had left which was half of it made one hundred sixty six dollars that adds to the hundred dollars I made yesterday so two hundred and sixty dollars in two days so this is nice see this account growing it's gonna be a slower growth curve versus the the offshore broker but at the same time I have no commissions I have no platform fees and for those of you guys are kind of trading as a side hustle you know you take a couple trades one day a week and then you don't trade for the rest of the week cuz you've got work or other things going on t v-- ameritrade is a perfect platform for that you know you don't have it's easy it's easy to set up an account there you don't have to worry about the fees or anything like that so you know it's not like you're losing money on every day that you don't trade alright so that's it for me a nice little recap here nice day in the small town challenge and I'll be back at it first thing tomorrow morning hey it's me again the most popular video on day training on YouTube was made by me you can check it out below if you haven't already and as always if you have questions leave them in the comments I personally respond to every question that's posted on my channel [Music]