Day 44 in My New Small Account Day Trading Challenge | Recap by Ross Cameron transcript

[Music] what's up everyone all right well today is day 44 of the small account challenge and i'm up 87.50 it's a small green day because again today i focus the majority of my attention on the large account hlbz big momentum stock news partnership with amazon posts at 8 30 a.m and it squeezes from 15 to 16 to 17 to 18 19 20 22 24 26 28 30. pullback hit a high of around 40 a share really impressive great action today and so that was the big stock that was the one i traded and i only got two trades in the small account with 250 shares each and just say you know what this is a big account type of stock the risk is too high in the small account and in any case i can't take enough shares to make a reasonable or really significant amount of money so i'm just going to focus on the big account so anyways i'll break down the two trades i took in the small account i hope you also watch my main account recap fifty five thousand dollars in the green on hlbc but remember as always my results are not typical the typical experience for beginner traders that they lose money so you should assume that you will lose money with that assumption in mind trading a simulator before you put real money on the line i hope you enjoy the recap and i'll see you first thing tomorrow for day 45.

[Music] all right everyone well today is day 44 of the small account challenge and i'm finishing the day up and 50 cents and it's a small green day hlbz was the one that i traded and i crushed it in my main account but i focused on it in the main account i took two trades in the small account and uh one of them was a loss and the other was a winner neither of them were that impressive so the first trade was an entry at um 31 and um one cent and that was at around 8.45 so let's see that was a dip trade i was trying to buy the dip off the v wap at that time which is a little risky as my first trade of the day but uh this was a good support level so so got in at 31.01 it popped up to a high uh here of 32 it then dipped down i stopped out for a 25 loss so i sold at 31 or sorry 30 dollars and uh 91 cents and then i got back in at 32 and sold at 32.45 as it came back up the second attempt so you know 87 whatever and at that time i was like you know what we're getting dollars a share of range i just have to focus on my focus trading this on my in my main account because of my main account with 5 000 shares we're talking 5 fifteen thousand dollar winners like back to back to back and that's exactly what i did so at 55 000 in my main account uh my small account certainly underperformed today uh even underperformed relative to a lot of the um p l's that i've seen some of our students post which i'm i'm always super impressed with jim um you've got a nice one there twenty thousand dollars so you're not trading a small account that's for sure twelve thousand dollars on hlb z kirk has um eight hundred dollars there on that one let's see we've got joseph with tyler he's got uh i can't see very well uh well red red 31 but at least the the risk is managed and a pretty small trading account there let's see um there's 3 600 so you know in any case um the small account challenge on stocks like this i just inherently focus the main account because these ones when you have a stock moving this quickly this is where the main account really shines so these types of days it only takes a couple days like this to put a huge dent in them you know four days like this in a month is 200 000 a month in the main account so i didn't get much in the small account today it's a small green day i started the day with uh 27 530 bucks so you know 79 after fees and commissions both of the trades were 250 shares so bought 250 sold 250 bought back 250 sold 250. so trade it with small size i could have afforded a little bit more closer to 700 shares but i wanted to start with a 250 share starter that way i could add because i i wasn't i knew that this one if it went the wrong way with full size i could lose 1500 bucks in a heartbeat and i don't want that to happen in the small account so was a little bit more cautious in the small account and then just focused on it less but that's okay small account had a great day yesterday two thousand bucks and the small account is you know really just a couple of good trading days away from crossing that thirty thousand dollar mark which was my goal to cross thirty thousand dollars so uh i could have done it today you know had i put all my focus into hlbz with a small account i could have done today but it would have come with the sacrifice of not catching these trades in the big account and that for me wasn't wasn't okay so uh that was a choice i made and that's fine i'll be back at in the small account day 45 tomorrow i believe day 45 is tomorrow i think today is day 44. so day 45 will be tomorrow and hopefully we have um you know another surprise headline like we got on hlb z830 announcing a partnership with amazon blue sky setup somewhat recent ipo it's a you know that's that's the sort of recipe for a big move now the question ultimately is how well does it hold this level and before the end of the day do we see 40 bucks on this stock i don't know on the one hand it's holding up relatively well all things considered the low it's really hasn't even gone below 30 dollars today so considering it was at 15 yesterday it's holding up very well but um you know it also hasn't really squeezed it hasn't gone parabolic yet so again it did but not since really the market is open so what i would need to see on this in order to take another trade on it would be ultimately a break back through the high but with that topping tail candle i have a hard time trusting it so i'm grateful to be green today in both accounts it's a bigger green day in the main account and the small account small progress is fine live to trade another day i'll be back at it first thing tomorrow morning for day 45. all right i'll see you then i hope you really enjoyed that video and make sure you hit the thumbs up and subscribe to the channel if you haven't already our goal is to hit 1 million subscribers this year but we won't get there without your help so please please please hit that subscribe [Music]