Tiny Green Day

AI Summary

Transcript

What's up, everyone? Welcome to day 21
of my small account challenge of growing
a $2,000 account using Charles Schwab as
my broker. Today is a small green day.
We had one stock that started to pull
away, but other than that one little
opportunity, the day was very cold.
We're kind of in a market where it's
hot, cold, hot, cold. One day we have a
couple of great catalysts. We have
multiple stocks that go up 200, 300%,
and then the next day it's crickets.
There's nothing. Now, I wore my good
luck green shirt today. In fact, I've
got a green shirt for every day of the
week. The link is pinned to the top of
the comment if you too want to own a
green shirt. Someone was saying, "Ross,
with all these people buying green
shirts, this must, without a doubt, be
helping support the sentiment in the
market." And I said, "That's absolutely
true. Green shirts like this are going
to give traders a lot of confidence, but
these green shirts only just started
shipping out this week. They haven't
arrived. And so, people don't have the
confidence yet. That will come from
wearing such a powerful shirt, a token
of good luck in the market." All right.
So, make sure you check out your green
shirt, which you can wear every day of
the week. Now, again, if we jump onto
the screen share, as you know, all the
profits from these small account
challenges gets donated to charity, and
we have now raised over $372,000
through a combination of the money that
I've been making in the trading
accounts, plus each time you guys hit
the thumbs up, I add an extra dollar to
how much we donate. So, this is part of
the goal of the 50 state children's
hospital donation campaign, to donate to
a hospital in every state in the United
States. So, day 21, nothing was obvious
today. Our leading gapper, yeah, it was
up 50%. Second leader, 37%. Third
leader, 34%. These are small gappers.
The prices weren't ideal. The floats
weren't perfect. So, TGHL, price a
little too cheap, float's a little high.
VEEE, price a little high, float's fine.
ATAI, price is fine, float's too high.
IQST, price is too low. You know, so
this is kind of the issue.
And then ding ding ding ding ding, we
get a scanner alert right after 8:30
because at 8:30 Ruby, this is the
ticker, comes out with a headline of
estimates net assets value uh to 183
million, a 94% increase from the
previously reported year. So, the stock
starts squeezing up. And in an instant,
it goes up uh 22%, then 95%, 126%, goes
up 130%,
and it just shoots right up. Now, what's
interesting is that this stock has
actually hit the scanner a couple of
times in previous trading sessions. But
on those days, there were other stocks
that people were focusing on. So, it
didn't really get that much attention.
But today, for lack of anything else to
trade, all of a sudden you get this big
squeeze. However, uh as you can see, it
got one move right here, and then it
pulled back for a bull flag, and then it
failed below VWAP, failed more, came
back up, was it going to curl and then
rally back to the high? Nope, couldn't
do that either. It rolled over even
more. So, we'll talk about that in a
second, but uh I ended up locking up a
total of $587.78
on this stock. And so, the way I traded
it is I got in it for the break of six.
I got a little slippage with my entry a
little over 6.15, and then as it
squeezed up to seven, 7.50, and then and
then up to eight, I started taking
profit off the table.
I took half off the table uh with a nice
profit, uh and then the other half I
sold as it came back down. So, when we
look at the filings, so we this is the
chart right now. So, you can see the big
pop, the pullback. So, it went up
literally 130%
in about 5 minutes, a 5-minute candle,
but it's now come down to being up only
35%. We've got a larger topping tail.
It's not ideal. Now, if we look at the
filings on this, uh no, not that one. Um
let's see, we'll do it right here. So,
if we look at the filings on Ruby,
um we can see that this is a stock that
unfortunately does have a registration
to sell shares on the market. The
current float is quite low, but clearly
they intend to sell more shares to raise
money. The stock has a history of doing
reverse splits because the stock price
keeps going lower and lower. It's in the
energy and fossil fuel sector, so not
the hottest sector. But, on the other
hand, because of all these reverse
splits, it's been beaten up so much that
yesterday
uh or actually this morning, no
yesterday, was the lowest price the
stock has ever traded at. So, in a
sense, you couldn't buy it any lower.
Now, could this pop up and give you a
nice squeeze? You know, in theory, it
could and that's kind of what we were
playing on is that maybe we get a nice
bounce off the low. And we've had stocks
that give us a bounce off the low, and
then one day, you know, you get this big
move. However, so this day was from $30
to $85 a share, not adjusted for the
split. But, then they do an offering and
it sells off. So, that's kind of the
problem. They're short-lived
opportunities, shorts can get squeezed,
but it didn't end up happening today.
The sentiment in the market was just a
little too cold, I guess.
Um not enough people wearing their green
shirts today. Too much red out there.
So, you look, it is what it is.
Uh broke the ice, got that one trade,
and and that was it. I was watching as
it curled back up to the VWAP right
here. Maybe I was like, "Oh, this could
work." But, then it just rejected again
and and went lower. So, you know,
unfortunately, not a big green day for
me, but um
you know, look, not every day is going
to be a green big green day. Um as long
as I'm making slow and steady progress,
that's the name of the game, and I'm
doing it. So, account is now at $29,471,
and that's up over 1,300%.
I've taken 49 trades with 77% accuracy
with the average trade being around 500
bucks. So, I'm making good progress, and
I'm going to keep it up. And all the
profit gets donated to charity. So, I
feel good about this and we're going to
see you know where I can take the
account to next. So, you know, this is
it's an account for charity. All the
profits get donated to charity and
so that feels good. So, you guys again,
I hope you hit the thumbs up. Help me
raise this money. You know, again, I
mean I'm
it's all from the account that I'm uh
you know, growing. You're not you guys
aren't actually donating money. I mean,
it'd be great if you did, but I
understand. But, each time you hit the
thumbs up, I add an extra dollar out of
my own pocket and you know, we're doing
it for a good cause. So, thank you guys
for being part of this and if you
haven't checked out the two-week trial
or you haven't checked out the green
shirt, check those things out and I'll
see you guys back at it first thing
tomorrow morning streaming at 7:00 a.m.
But, a reminder as always trading is
risky and my results are not typical.
So, please manage your risk, take it
slow, and always practice in a simulator
before putting real money on the line.