Day 25 of My New Small Account Day Trading Challenge | Recap by Ross Cameron transcript

[Music] what's up everyone all right well today is day 25 in the small account and another awesome day today the account's up 25 i'm up 2 500 i started with about 10 000 in the account this morning so go back to day one back on day one of the small account challenge i started with about four thousand three hundred and thirteen dollars something like that and i said i would do this challenge with no leverage so from day one through day 24 i was making slow progress from 4300 up to 8 000 and then on day 24 i made over 2 000 so day 24 was huge the account then went from 8 000 to over 10 000. and here day 25 another huge day the account's just gone from 10 000 to 12 500. that's impressive so two really big days back to back essentially the account in two days is up uh 50 that's phenomenal the market's hot we've gotten some great opportunities and we got some good ones again today so i hope you guys enjoy the recap as always in case you already know trading is risky most beginner traders lose money and my results are not typical you should assume therefore that you will lose and with that assumption of mine trading the simulator before you put real money on the line because these stocks these are wild stocks they move really really fast in a matter of seconds minutes i mean it can happen so quickly that a trade goes from big green to big red so you've got to learn how to trade and the best way to do it is practice the simulator i hope you enjoy the recap here today for day 25 of 25 percent up 2 500 325s and 25 is my favorite number so this is a good day i hope you guys enjoy the recap and i'll see you first thing tomorrow for day 26.

[Music] all right everyone so i'm gonna break down the trades from today day 25 in a small account of 2543.26 all on snoa it was our second leading gaffer this morning as you can see the leading gapper was sun s-o-n-n however the leading gapper was below the volume weight average price at the open actually it squeezed up um pretty nicely from 160 up to 207 you know the fact is on something like that i could have bought like 8 000 shares and you know on a move from 175 to 195 i could have made 1600 bucks and then up to 210 i'll see you know that would have been a good one but there was no way i would have known that that was going to happen based on its pre-market pattern which was it was selling off it was below the v web snoa was the second leading gapper but was the leading gapper that was looking good and strong pre-market i mean just grinding higher it pulled back a couple times here and there but generally it was just really strong so i traded it through um these areas here with my first trade being right in this area this is my first trade i did not have the courage to take the bounce off the volume weight average price um i i saw it and i was tempted but i wasn't sure because at that point you know of course this was what we just had this kind of larger red candle and it was a bigger pullback than a bull flag but it ended up ripping right back up through the high of 10 28 and then we had this period of like half an hour of consolidation around 10 under 10 35 and in this area i was doing pretty well buying dips and selling near the top of the range and then adding back as it would pull back and then selling again near the top of the range and then finally we got to break through that top of 1036 and it was a nice quick break and we got the squeeze higher let's look at the one minute chart so we can see it a little bit more detail so on the one minute chart uh this was the pullback to v web uh right here almost perfect tap of v then at 8 a.m you know all those orders go through and then we got that oh sorry so we did get this was this was actually the one i meant this was the first pullback to the v then we got that break at 8 am squeezed up and then it pulled back and then right in here was where we got that nice move so squeeze back through 960 back through the high here which was 9.79 and that did line up with the daily resistance level so on the daily chart this is a stock that i was a little unsure about it's got a history of red candles however it also is volatile and so within that volatility is opportunity the break of 1007 was critical as you can see right there but what was also critical was and then 989 and so it finally broke through those levels and then broke through it was actually um 1009 1007. and then that gave us room with no resistance up to 15. so we did have a big window there that we obviously cut pretty nicely into with a high today right now of 1336. so a nice dip there off the v web didn't take the dip off the view out but bought as it was squeezing higher and then we got some um just general good pullbacks pull back pop up another pullback a pop back back up so first candle to make a new high was right there another first kill to make a new high was right here another first candle to make a new high was right in here it did pull back then we had a double bottom off of 960 pops back up we got to break through that level a pullback and then a fantastic squeeze right here it dips down does a little bit of a bear trap and then rips back up here all the way to 11 hits a high of 10.95 drops dip trade off the low of 10 15 squeezes back through 11 and that trade so i was holding at 1098 going into the open going into the open i was holding a 1098 and look at that squeeze straight up to 1241 right up to a hall it opens it dips doesn't pull back a panic flush then it rips up a little bit higher uh does a just very dramatic false breakout here uh a three point two and a two point whip i mean just wild and then pulls back and is now below v web so i stopped trading it right uh here this is where i stopped right there that was i didn't trade anything beyond that and beyond that was actually in my this area was the last trade was in my big account so uh my final exit was uh 12 20 there which was good so did it add back and sold to 12 20. uh did it add back at 12 11 38 sold it 1160 so a quick little trade since it was squeezing higher just trying to add a little bit more profit but generally the stock respected pretty much all the patterns that i trade the pad these are the same patterns i teach in the warrior pro classes buying first kill to make a new high buying pullback abcd patterns we had a really good respect on ascending support lines on the 10 second chart right through here so first we were respecting this ascending line through this area quite well it then pulls back kind of holds that level then comes right up to it can't break it then it rips through it hesitates for a moment then rips through it at the open bounces off of it bounces off a couple more times breaks below it back above it back below it and then now it's below it so uh really very pretty clean technical trading stock i i was impressed and i did well on it in the small account i did well in my main account so you know green is good and i'm very happy with the progress here so in two days the account's up fifty percent i had at the beginning of the week eight thousand dollars in the account actually a little less than that uh but you know somewhere around there and uh now the account's gonna have twelve thousand five hundred bucks my starting balance today was um ten thousand one hundred eighty nine dollars so the accounts up right around twenty five percent it's up twenty 500. today's the 25th day of the small account challenge and my favorite number is 25 so it's a 25 trifecta today everything came together here on day 25. um grateful very grateful so as always uh you know this but i'll say it again trading is risky most beginner traders do lose money so you should assume as a beginner that you will lose and with that assumption trading the simulator before you put real money on the line but today was uh for me a solid day very happy with that and you know the fact is i have 60 000 in buying power i'm not using it i had my account i specifically asked them to disable it so right now with sixty thousand dollars in buying power i should be able to buy easily um a four thousand share position on snoa right so let's put it in at ten no it's not gonna let let it go through because it would exceed my account's margin i asked them to restrict it to cash balance only so i'm able to trade as much as i'd like i can trade five times a day i could trade 100 times whatever you want but i can't use my leverage and i haven't been using my leverage since i started this new small account challenge with about 4 300 and for sure the first 23 days were generally pretty slow and i had a couple bigger red days in there at a 600 loss last week which is a little disappointing but uh certainly made it back and i'm now uh at new heisman account at 12 500 just about or somewhere around there so this is definitely i'm definitely making some good progress here and with the account getting a little bit bigger i can start taking slightly larger share size today when this was under 10 i was buying a thousand shares of each trade as it broke over ten dollars i started uh trading with 400 and doubling to 800 shares had a couple 900 shares in there when i could afford it but um yeah i traded it pretty aggressively which has been how i've traded this whole challenge using pretty much all of the cash that i have available for each trade but remember i'm not going to hold the stock until it goes to zero if it goes down i'll cut the loss and i did have two losers today uh i had two losers the first one was getting in at 10 60 10 60 and stopping at 10 48 so a 12 cent loss on 900 shares so like 100 bucks and i had another loss um i can't remember the other one but it was it was a little bit smaller so anyways i had i did have two two losers today but i also had some great some great winners so finishing the day in the green and i am not going to overstay my welcome it's 10 and i'm shutting it down for the day i'll be back tomorrow for day 26 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 daytrade you