Day 23 of My New Small Account Day Trading Challenge | Recap by Ross Cameron transcript

what's up everyone all right well today is day 23 of the small account challenge i was a little turned around on day 22. i kept calling it day 21 but now it's day 23 and tomorrow is day 24 but today day 23 it counts up 10 i started this morning with uh 7 300 in the account and i'm up 741.26 before fees and commissions so about 10 account growth which is not bad at all this is a solid day now um i was pretty conservative on the first trade i took i went red on it as soon as i got green i got out for a small game 158 dollars but relatively small gain and then the second stock i was quite a bit more aggressive on and did really well on all of the trades i took on it part of the live trading archives for warrior pro students in fact every day of the small account challenge all of the live trading archives me actually taking the trades buy and sell but everything else are part of the live trading archives so warrior pro students you guys can go in and you can re-watch those as often as you want it helps i think for you to rewatch them because you get a better sense of what i'm seeing in the moment before i press the buy button or before i press the sell button so re-watching those live trading archives again and again and again is important in case you didn't already know we're running um our dog days of summer special sale right now here as we're kind of closing out summer august and so if you guys haven't checked it out i'll put a link down the description where you can check it out if you want to become a warrior pro student we'd love to have you join us and in any case i'm going to break down uh in today's recap the trades from today day 23 up 10 percent a small account and uh making some nice progress it was also a pretty good day in the large account so on a little bit of a roll here gonna try to keep it going stay focused not get too aggressive just be steady be consistent and get through august which is often a little bit slower but we're seeing some nice action right now in case you already know my results are not typical the experience of most beginner traders is that they lose money so you should assume you will also lose money and with that assumption in mind trading a simulator before you put real money online all right thank you guys for tuning in for the recap please hit that thumbs up and i'll see you tomorrow for day 24.

[Music] all right everyone so um day 23 of a small account of 741.26 on two stocks naob and flgc flgc is the bigger winner which is nice traded it with smaller size 319 shares i think was my last position on it that was about as much as i could afford my starting balance today was uh seven thousand three hundred thirty two dollars and sixty seven cents the accounts up more than ten percent in one day before commissions uh after commissions will be a little less than 10 but still a great day so uh let's break down the stocks i traded uh naov was the first trade of the day got in at 325 and now 333 it was our leading second leading gapper up 25 on news there was um some news on this and you know i i thought it was worth giving it a stab i wasn't totally sure it was going to be a easy one to trade if you look at the level two on it um i'll just put this right here for a second you can see that it's very quickly traded stacked with sellers both on the bid and the ass that buyer stacked with sellers in contrast to the level two of flgc uh which is a bit thinner and has bigger spreads more typical of a higher price stock that's a lower flow but naov i did take a stab at it out of the gates what i liked about it most of all was that at three dollars and 30 cents i could buy 2 000 shares of it so i could take a bigger position and if i could make 10 cents that's 200 bucks well you can see here i made 8 cents a share doesn't seem like a lot 325 to 333 that's 158 bucks so these the stocks in this price range can be um can be better you know for that reason now the the only problem is i got in on this arrow right here that's where i bought it popped up to 21. it dipped down and i got in right here at 25 it hit a high of 30 and there was like a 60 000 share seller there at 30 and then it flushed down to 14 i was still holding and at that moment i was like you know what isn't this just typical you know i had was it three red days in a row in this account uh definitely two red days in a row last week and then friday i was up but you know what by the end of the day i was actually down about three dollars after commissions because the commissions are so high with these um small account brokers so you know basically three red days in a row now yeah the last day was only two bucks but disappointing and here i am my very first trade i jump in i'm already down 200 um so the low of day was uh 3 3 15 based on pre-market er based on the open and it flashed to 14 and immediately was back at 20. so you know if you would if you would set a live stop on this at 10 cents you would have gotten stopped out i don't set live stops on these trades i could but i don't because sometimes you will see it flash and pop right back up and sometimes it happens so quickly you don't even see that it actually hit that level it just it's like a couple shares go through but it just is right back up buyers come in fortunately in this case buyers did come in if it had broken through three dollars and 10 cents they definitely would have been bailing out it would have had to would have been a 300 loss fortunately it bounced right off that level which is basically the open price not uncommon for an opening range breakout to falter just for a moment and then it broke through 330 and because i had just gone from red on the trade to green i took my profit out quick now as it turned out it went to 38 and then it went up to 44 45 so it went higher without me you know i i obviously could have made more like 350 on it if i had held a little longer but having just gone from green by five cents to red by 10 cents back to green all of a sudden it's damage control it's minimizing the loss and so at that point minimizing the loss actually was a winner and i was fine with that so that was my first trade 158 and then flgc starts popping up you know i didn't have this one on close watch today um right before the bell someone mentioned it was strong on friday and i looked at and i said oh yeah you're right it was um so maybe if it can get back over 1750 and then out of the gates all of a sudden it rips up to 21. and my trade on this was um so we're going to actually look at the 10 second chart on this one as well my trade on this was a bit on the aggressive side i'll i'll say that um i got in right about um let's see it was right about here um and what i was trying to do was um a dip trade off of 19. it hit 1948 they get dipped down and then it curled back up so my first trade was right in this area um either now i can't remember was it a dip trade or was i getting long you know what i think i was getting in right here i did take a dip trade on it but that was um not the first trade the first trade was right here yeah it was right there so i was looking for the first woman that came to make a new high and a retest of um of that level i was gonna say i wouldn't have held through this much of a pull back down to 1867. so small account was in right here uh up to 1940 it breaks that level goes up to 1973 it pulls back it goes higher to 1986 it pulls back for a second hits a high of 1999 dips down hits this low right here of 1931 but doesn't even go back to 1914 and then from there which is my average and then from there it breaks up higher 1996. now it breaks through 20 a quick break of 20 up to 2014 up to 2050 up to 20.67 a pullback right through here a flush back down and then right back up here to 2180 another drop back low it sells off for a little bit and what it's doing during this period is it's forming a five minute setup and so that five minute setup was right through here so it ended up going all the way up to a high of 20.82 so trading it up through those levels i made 500 and uh no i was up 535 on the day between these two trades 535 by the end of this and then for the first five minute candle to make a new high i had another trade in this area and that put me up 700. so first five minute kill to make a new high uh ended up being a very nice breakout from 1948 up to 21.09 then up to 21.45 that was the high 21.45 i was i was hoping it might go a little higher than that but but that was the high so let's see and i see we've got rail hitting the scanner so flgc obviously was hitting the high day momo scanners this is a um blue sky set up all-time highs oops right here so you can see this is all-time highs a lot of volume has come in over the last couple weeks as it's broken through these levels so this is one that may not be done yet we may still have more opportunity to trade it it's probably worth noting the decline in volume however as stocks become higher price volume often does decline a little bit because the same number of shares traded is more money online with at 20 than it was at five so the money traded is a different metric but in any case we'll see how it closes today with a high of 21.45 on the daily um if it closes as a big topping tail candle or even red then you know that's not great of course it did do that on this day right here you know but then pulled back for a couple days and then gave us that breakout on friday which i didn't trade but um but you know there you go so anyways um those are the two stocks i traded today flgc and naob a great start to the week 741.26 and i'll be back at it tomorrow for day 24. remember as always my results are not typical most beginner traders lose money you should expect you'll also lose money without expectation in mind trading the simulator before you put real money on the line so i'll see you guys uh the small account challenge resuming tomorrow day 24. 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]