Day 22 of My New Small Account Day Trading Challenge | Recap by Ross Cameron transcript

what's up everyone all right well today is day 22 of the small account challenge and i'm up 48 through the entire recap i will reference it as day 21 because i was confused i forgot that yesterday was day 21 so it's actually day 22 48.65 or something like that okay so it's basically a break-even day especially after feeds and commissions because i did take a few trades so um that's not great but um the thing that's kind of a bummer was that my first trade was a red trade uh i got in sprt for a great five minute setup and it failed it did a false breakout i was up 20 cents i didn't take it off the table i was looking for a bigger move and it dropped i took a five cent loss i got back in on a dip took another four cent loss and was down 91 92 on the day from there we got a nice red to green move and i jumped in and got back to green which is good so red to green on the stock and red to green on my account so 48 dollars plus or minus you know it's fine basically a break even day but it's kind of a nice way to go into the weekend because it's just kind of like pressing the reset button sometimes a couple break even days small green days are just what you need after a bigger red day just to sort of clean you know clear the slaves sort of put some space between you and that loss so that's where i finish the week here day 22 i'll be back at it on monday day 23. all right i'll see you then and hey as a reminder in case you already know my results are not typical most traders lose money you should assume that you'll lose money and with that assumption in mind trading a simulator before you ever put real money on the line take it slow because trading is risky all right i hope you enjoy the recap please hit that thumbs up and i'll see you on monday for day 23 [Music] all right so um day 21 in the small account finishing up 48.95 not bad and not great uh was red 92 and recovered from red to green uh traded sprt but i didn't trade it during this initial move i traded this in my large account waited for the first five minutes set up in the small account right here and it was a loss of course you know wait you wait for a good setup and you end up getting a false breakout it sometimes just feels like i don't know the luck of the draw so to the loss there and then got back in um at the open oh well shortly after the open is it squeezed up right here so made back the loss which is great um but you know i didn't really just kind of a bummer you know what hey it could have been a red day and it would have been my third day in a row so it's a green day i'm happy to have a green day it's a small green day and it is what it is so we'll have higher commissions today uh because of the way i was scaling um out so unfortunately it's more or less a break even day but live to trade another day so day 21 kept my head above water didn't have a big red day traded the market the best i could um but you know continuing to kind of struggle with prioritization of big account versus small account did well in the big account today trading sprt as it was squeezing higher which i thought was too aggressive to chase it in the small account but maybe in hindsight should have so i don't know um last week i was reading my big account i was i think i was green in a small account probably was green i'm not i guess 100 sure but anyways um this week i'm green in the big account but read in a small account and i guess was maybe prioritizing some of these risky or early trades to trading the big account thinking well they weren't really safe in the small account but then missing opportunities that ended up being decent so that's that's tricky when that happens um that's probably a unique situation to someone trading in multiple accounts at the same time which is definitely a uh it's a factor in in my performance there's no question about it i can't perform as well in either account when i'm trying to trade two at the same time both accounts suffer uh the fact is i'm up sixty thousand dollars this week in the big account and i'm down in the small account like a thousand bucks so at the end of the week i'm still at 59 000. had i focused entirely exclusively on the small account maybe i wouldn't be down a thousand maybe i'd be down less maybe i'd be up a little but then that would have been at the sacrifice of the 60 000 that i made in vidcon had i been focusing exclusively on the big account and not touching the small account at all i would presume i'd probably be up more in the big account just because i would have not had the distraction so i i had said you know july and august this is an okay time to divide my focus because slower market some days i might just be okay with not trading the big account at all just take a couple trades in the small account let that be that unfortunately last week because i went red on the month i felt like well you know okay i can't be read on the month you know in my big account i have to at least cover my monthly goal and then if i take my foot off the gas and focus just on a small account that's fine but i can't just you know have a couple trades go right on a month and then leave it there so the goal this week was to have five green days in the big account i did it 60 000 is fantastic puts me back to green on the month which is great and but not at my monthly goal yet so next week i'll continue to be dividing my focus between the two accounts we'll do it the best i can and we'll see how it how it works out but uh i'm glad to finish the week with a small green day in the small account 48.95 is good um you know this trade here was kind of annoying because i was holding at 21 and or was it 21 or it was no i think it was 10 15. it popped up here um to a high of 10 15. micro pullback and i got long it rips up to 10 44 or 10 46 to a halt and then it did a false halt drop down stop me out for a small gain as it dropped here and then it goes and i was yeah so anyways kind of tricky but that's okay um got green and that will be day 21 in the books so as always you should know in case you know already that trading is risky my results are not typical the experience of most being traders is that they lose money you should assume you will lose money as well with that assumption in mind trading the simulator before you put real money on the line so with that 21 day 21 is in the books and i'll see you guys on monday 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] you