Day 19 of My New Small Account Challenge | Recap by Ross Cameron transcript

What's up, everyone? All right. Well, today is day 19 of the small account challenge. Got green, shut it down. $595.12. What a great start. I was Today's also the first day of trading on vacation and I'm sick. Trading on the traveling trading station. And I was sitting facing the window and it got so bright. I was like, I'm going to put on sunglasses while I'm trading. But I ended up dragging my table to the other side of the room.

You know, I Trading is such a part of me. I bring it wherever I go, you know, I don't I and I I'll trade on a laptop, but you know, I I haven't taken a full uh The last time I took a vacation, for context, um was when I had a concussion in 2018 and that was not a vacation, really. It was just I was told um that I from by the doctor to not to use the computer and because I had lost consciousness and lost uh my memory and you know, didn't know I didn't even know just Some people haven't heard the story, but uh I When I when I woke up, I was like had like sort of like recollections of like my life, but I wasn't really sure about the details and as it started to come back, like one of the details was like that I thought I did something related to stocks and I was like I was like, that's I was like, no way.

No no way like that What would it What What do I live in New York City? Like I don't do anything with stocks. But then, you know, it came All the details came back. Trading for me is just, you know, I don't take days off if I can help it, even if I'm sick or if I'm traveling. I don't really take a vacation. You know, even maybe when I should, I don't. So, for me, I just I show up every day and I like trading and I enjoy doing it.

It's fun generally speaking. You know, obviously red days aren't the most fun, but you know, that's part of trading. So you take the red with the with the green and that's how it is. So anyways, today was a good day, first day of vacation trading on the traveling trading station, a nice green day and now my account is back to all time highs. It's going to be up over $8,000 a small account. I started with 4,300. So I have a chance this week at having my account be at the 100% mark doubling it.

In case you don't already know, my results are not typical. Most beginner traders lose money. You should assume you will also lose money. But this is something I've been working on here for the last 19 days. It's fun and making some progress. I hope you're learning from it. And I'll see you guys tomorrow for day 20. All right, I'll see you guys then. Enjoy the rest of the day. Please hit the thumbs up for the recap. We had some nice momentum today.

Works up over 50% which is great. So even though it's August, we're seeing a little momentum and I'm going to try to ride that momentum here if we get a little more of it this week. So see you guys first thing tomorrow morning. All right, thanks. See you guys then. All right, everyone. So um I'm going to do recap for day 19 small account challenge. I am green $595.15 on works. That was the only stock I traded today and we did get some good action on it.

You know, as I sat down this morning, I really wasn't sure I was even going to get any trades. You know, as you probably know, I was red last week. And I was red the week before. Last week you know, I had a couple of good days, and then I had one nasty red day on Friday. Lost $37,000. So, that was in my big account, but my small account was okay last week, but you know, the kind of moral of the story is that the market was choppy.

And so, I wasn't sure as I sat down this morning if I was going to see anything I liked. Um Works popped up first to 350, and I hesitated. I was like, "I don't know." Then it broke 360, and I got in at 365. Once it started to open up, I jumped in and rode that momentum up to uh 393. Then on a pullback, I got in um right in this area here for this break to 319. So, we did end up having some good action on it. Uh in my main account, I got a nice trade on it at the open in this red-to-green move, and I got green in my main account as well.

So, uh biggest position on this this morning was um uh 1,800 shares, which is good. That's a decent enough position, and that's the one that gave me uh the one big winner, which was about $550 or something. That was from 65 up to about 95 or $4 in this first candle. The second one I traded was smaller size, and it was a smaller trade. So, you know, taking it kind of slow here, uh but this is a good day. So, today is day 19 of the small account challenge.

Tomorrow is going to be day 20. Uh I started the account this morning with uh let's see. $7,685.22. So, that was a um That was my starting balance, and now I'm going to be up over 8,000. Uh I started this account 19 days ago with $4,300 in it, approximately. So, uh I'm making I'm making some good profit. It is slower because I'm not using leverage. Using leverage would allow me to certainly grow the account faster. You can see how I could use up to $46,000.

That means I could have bought 10,000 shares in this same trade that I made 600 on, I could have made 3,000 on. Of course though, using leverage goes both ways. It could have gone the other way. I could have taken a good size loss on it. And so, for the small account challenge, I'm not using leverage. It is slower going, but I am making progress. So, I'm happy about that. So, anyways, that's it for day 19. I'm under the weather and I'm also trading on my traveling trading station.

So, this is refreshing to have a nice green day despite those disadvantages that I have this morning. So, I'll be back at it first thing tomorrow for day 20. 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.