What's up, everyone? Welcome to day 22
of my small account challenge of growing
a $2,000 account. Today, I had just one
trade. It was pretty simple. We had one
stock that was very obvious. In fact, it
was on my watch list from yesterday. So,
I uploaded a watch list yesterday, which
was the game plan for the week ahead.
This is Monday morning for those of you
guys who are tuning in maybe weeks or
months in the future who are just
watching this series. And so, on Friday,
we had a stock that was gapping up about
30% from the close on Friday in
after-hours trading. It finished
after-hours priced at the high of that
after-hours session, and so naturally
pre-market it opened and it squeezed
higher. My only concern was that
actually two concerns. One was that it
had no news, so I was a little bit
suspect about why it was going up. Two,
it was Chinese, so that's two concerns.
And then number three, I was also
concerned that it would have too much
momentum between 4:00 a.m. and and 6:37
that by the time I sat down at 7:00
a.m., I would have already missed the
window. Now, in fact, that didn't end up
being the case. It did still give some
opportunities. So, we're going to go
ahead and jump on the screen share and
start breaking it down. Okay, so today
is day 22 and we have just crossed over
a big milestone, $375,000
in money raised for charity. Every time
you guys hit the thumbs up, I'm adding
an extra dollar to how much I'm donating
and all the profit from these small
account challenges gets donated charity.
Now, as you can see, the small account
challenges is the green line and that's
represented the smaller amount because
of each time I reset my account back
down to $2,000. So, I had really good
progress at the beginning using a broker
that offered six times leverage, and
then you guys said, "Ross, this is
getting crazy. You're going to you know,
it's no longer a small account within
like five days. So, we want to watch you
trade on a small account." So, I reset
the account and I've done that a couple
times.
But, I said each time you guys hit the
thumbs up, I'd add an extra dollar. And
so, today I donated $7,500 to the
Children's Hospital of Minnesota, which
brings our total donations to 375,000 as
well. All right. So, today is day 22,
and there was only one obvious stock,
and the ticker is BIYA,
up 93% in the screenshot right here. As
of right now, it has 35 million shares
of volume. Uh 2.7 million share float.
Relative volume is very high. It's well
above average, which goes back to our
five pillars of stock selection. The
only problem is that the stock doesn't
have a clear catalyst and that it's
Chinese.
So, this morning, it initially popped up
uh right at about 7:00 a.m., and I
wasn't sure it was going to work. It
went too quickly, ended up making a big
move, but I didn't trade it. It pulls
back, and then it starts to curl back up
here around 7:42 in the morning. Hits
$8.10, sorry, uh it was actually 7:41.
Hits $7.43,
and this is the ticker here, as you can
see, it's a Cayman Islands Holding
Company. Uh operates out of China. So,
again, a little suspect on this. Uh but,
this was our after-hours move. We then,
sorry, this was pre-market on Friday.
I'm sorry, this was after-hours on
Thursday. This is pre-market on Friday.
This was Friday regular hours. This was
after-hours on Friday. This was
pre-market here on Monday, popping up,
pulling back, popping up, pulling back,
and this was the squeeze at 7:00 a.m.
that I missed. Highest volume of the day
right there, 3 million shares of volume
in that um This is a 5-minute candle.
5-minute candle.
So, the problem here is it popped so
quickly, I missed the chance to get in.
But then, notice the trend of topping
tails. Look at how many topping tails
you have. So, that tells us that while
the stock does pull away, it comes right
back down.
So, the daily chart on this shows a
series of reverse splits. It's pretty
beaten up, as many of these uh
foreign-listed uh securities are, but it
has a lot of room to bounce if shorts
start to get squeezed. But most traders
um you know, who are going to swing
trade this are actually going to swing
trade it to the short side. So, they'll
short it on the days it pops up and then
plan to hold until the stock drops down
and then cover. And then it pops up
again and then it drops down. So, that's
a strategy and it works until you have
that one stock that just keeps going
higher as we had last week uh for
instance with V. VEE. This is a stock
that ended up going um you know, from
that same pattern all the way from $4 to
$56 a share. That's pretty impressive.
So, um back that one up.
All right. So, this was the trade that I
took. This was the one at 7:00 a.m. by
the way. Pops up to 665, pulls back,
pops back up. I was watching it. Then it
rips up to seven, then it goes all the
way up to 750, 775 and I just I couldn't
chase it.
Topping tail, little topping tail. So,
right here this started uh pop up and I
started jumping in uh in this candle
right here. And right there, this is on
10-second candle, we had this incredible
squeeze and I was adding into the move
and we got the squeeze all the way up to
a high of 860. I jumped in, I jumped out
and I booked $1,100 of profit. I've got
four orders as you can see here between
adding and selling, scaling in and
scaling out. I didn't probably do as
well as I could have done on it. I
traded this in my main account as well.
My main account naturally did better cuz
I was able to trade with a bigger
position. But this was the this was in
fact the only trade that I took in both
accounts today. This one setup right
here, which was the breakthrough um on
this little micro pullback through break
through the high of day. So, I was aware
of a descending resistance line kind of
through here, uh but we had broken
through it right there. I was a little
worried about the topping tail here.
Um this previous high, I thought well,
but we're breaking that and it just felt
like it made sense to take the risk and
so I punched it. I took the trade and
that now means my account is up a little
over 1400%
versus the initial starting balance of
$2,000. I've now taken a total of 50
trades over 22 days and I'm at 78%
accuracy with 39 winners and 11 losers
with the average trade being about $571
of profit. Those of you guys that want
to watch as I continue to grow this
account, you're welcome to check out a
2-week trial here at Warrior Trading.
During that trial, not only will you be
able to watch me trading, you'll also
have access to the software right here
so you can actually use the charts, the
scanners, the newsfeed and you can see
as these stocks are moving up. Right now
ZYBT
is up 109% so this one's gaining
attention
and we often see that attention shifts.
And so as attention starts shifting, we
have the scanners that can alert us to
that. You set the audio alert and boom,
now you're getting the notification and
the audio through your speakers
something's going on and you should come
pay attention. All right, so I hope you
guys check out the 2-week trial but I'll
remind you as always that trading is
risky. My results aren't typical and
there's no guarantee you'll find success
whether you trade on your own or you
learn from me. So please manage your
risk by practicing in a simulator before
putting real money on the line.