Biggest Green Day of JULY!!

AI Summary

Transcript

What's up, everyone? Welcome to day 28
of my small account challenge of growing
a $2,000 account using Charles Schwab as
my broker. I took a couple days off
after that big red day on Tuesday. No
trades on Wednesday. No trades on
Thursday. It's not that I was really
intending to take one or two days off.
It's just that as I sat down, I was
feeling a little nervous. I didn't want
a second big red day. And so, I was
being a little tentative on what I was
willing to trade. And although I did end
up taking trades in my main account, the
setups just weren't quite strong enough
for me to feel confident trading in the
small account. So, I left it on the back
burner, considering it, but no trades.
And then today, same thing. We ended up
having a stock that squeezed up over
500%
and when it peaked at about 350%,
I traded it in my main account and I was
at three times my daily hot market goal,
but I hadn't even touched it in the
small account. Why not? Well, now I felt
like I was being too nervous, too
gun-shy, too afraid to pull the trigger.
And now I was missing huge moves. Cuz,
you know, granted, we had some decent
action on Wednesday and Thursday. I was
green both those days in my big account
as well.
And I got nothing in the small account.
Now, this is the problem with taking a
big loss. You start to get a little
nervous. And so, then, you know, those
trades on Wednesday and Thursday could
have been small winners. They certainly
wouldn't have made back $7,000, but I
could have had some small progress. But
instead, I got nothing. And so then
today, I'm sitting, I'm sitting, I'm not
taking any trades. And then finally, a
setup kind of came into view and I was
like, "Now, this is one that I feel
pretty good about." I took the trade and
I made over a dollar a share on that
trade. So, even without a big position
in terms of total number of shares, I
was able to make over $4,000.
And so now, boom, I made back more than
half of the loss from Tuesday. It's
going to take another day or two to
recoup the the rest, no doubt about
that, but this has been a really nice
step back in the right direction. And
we're going to break it down in today's
episode. Now, as a reminder, all of the
profits from the small account challenge
is getting donated to charity. So, every
time
when I
teach a class like this and do the
recap, I'm giving you guys a chance to
add to how much I'm donating. When you
hit the thumbs up, I add an extra
dollar. So, thank you guys for hitting
the thumbs up and helping us raise money
for a good cause. The goal is to donate
to 50 children's hospitals across the
United States. We've donated to 33 so
far, and it's a total of $390,000 that
I've donated.
So, the last two hospitals were the
Children's Hospital in Wisconsin and
Sanford Health in South Dakota. So,
today is day 28 and there was only one
obvious stock. MGRX, as you might
imagine here, up 123% but it's too
cheap. REPL, higher float, some biotech
news, FDA looking at approving one of
their drugs, but just wasn't really in
play, the float being higher.
KUST, KUST, custom with a K. This one
doesn't really do very well. So, really
all eyes were on FCUV and it started at
about 8:20 in the morning. All of a
sudden, 8:19, boom, you see the stock
first hit our scanners at $2.60.
It goes to 269, 270, then it squeezes up
to 410, 410, 425, 425, and man, this
thing keeps going higher. In fact, as we
speak right now,
dare I dare I say I I bear I don't I
don't I don't really want to look
because I don't want to get FOMO, but it
just hit $14.91.
It's halted up and as of right now, it's
up 693%.
Wow. And I you know, I
that's that's unbelievable. So, I guess
I left some money on the table. But,
there you go. That's the FOMO kind of
kicking that oh, I coulda, woulda,
shoulda. If I was still holding now, I'd
be up and you start doing the math and
then that's where you get yourself into
a little bit of a a pickle.
So,
so this is the profit right here.
$4,129.25
at day 28. Let me just correct that.
Only took one trade today, but what I'm
going to do is I'm going to break this
down on the main screen here just so we
can kind of get into the weeds here
looking at the the price action. So,
FCUV pops up here
initially just takes off, goes up to
420, pulls back, pops up, pulls back,
and it rips all the way up to eight. So,
in here where coulda, woulda, shoulda
have taken a trade in the small account?
Maybe right there for 80 or for the
break of $5. However, that would have
been kind of tricky because it had just
dropped to to four, a dollar a share
before ripping back up. So, the entry
there at four, stop is like a dollar
away. That's that's a little risky. It
ends up going, it pulls back through
this area.
It was heavy. At seven, you know, 50
area, it drops down, then it rips up
here, it breaks through eight, and it
goes up to 960. Nice. But then we get a
topping tail. Pulls back, comes back up
another topping tail. So, where in here
could I have traded in the small
account?
You know, I mean, I could have taken the
trade right there for the break of
eight, but again, that's kind of risky.
The stop is a dollar a share away. And
these attempts here failed. So, I
probably would have been concerned about
a failure there. That's why I didn't
trade in the small account there.
Ends up going up here to a high of 1025,
and then that's your first jackknife.
This flushed back down. Maybe it's not
the first one. There were I know that
there were a couple. So, now it's
showing this tendency. It ends up
pulling back down toward towards the
volume weight average price, goes
sideways for a bit, and then coming a
little bit closer to the open, it
rallies back up. That surprised me, and
I'll tell you why. I had drawn an
ascending support line right around
here.
Let's see. Connects it to the low down
there and
uh
No, it was it was actually right here
that I drew it. And the reason I drew it
here, I connected the low there, and
then that felt like it was sort of below
it, then back above it, then below it,
and resistance. So, when we start to
come back up here, I was worried about
this resistance point. And then we do an
inverted head and shoulders pattern
right here, and at the 9:30 opening bell
we break through 10, and we rip up to
11.50. I bought 3,000 shares right here
at $10, and I sold as we squeezed up
over $11. So, that was it. In at 10, and
out at like 11.25, 11.15, whatever it
was. That was the trade. That was it.
Now, it ends up reversing, dropping back
down as you can see right here. Um and
I'm thinking that's it. It comes back up
here, and I was like I almost took a
trade right here. Uh because it was
showing a halt, and then it dipped, and
the halt level moved up, and I almost
punched it, and I said, "You know,
that's a little too aggressive, and look
at that line." And I held off. It ends
up pulling back, and then ripping up
here uh into this halt. So, you know,
did I leave some money on the table?
Maybe. Uh but, you know what? Maybe I
would have given back profit if I kept
trading. So,
you know, the the At the end of the day,
the stock is up over 600% right now.
It's got a float of Well, jeez, less
than a million shares. Um it's the daily
level actually um that I was noting was
um the bottom of the the top of this
candle there at $16.57.
That above that gave us room up to uh
21.28.
Then above that, we have room up to the
top of this candle, and then we're at
the 200-moving average. I don't think
that we're going to be able to do all of
that today. I would be
shocked if we could, but on the other
hand, it seems that um shorts are
getting squeezed. So, I you know, at
this point I'm I'm on the sidelines.
It's incredible to see this degree of
momentum. Um, you know, but
at the same time, um, you've got to be
grateful for what you've got. And uh,
when you overstay your welcome, that
that in a way, it says that you're not
happy with $4,000. You wanted more.
You know, this wasn't enough. Now, this
is this is a great amount of money. This
is a great day.
I think the only uh, mental issue is
that I made all of it right in here. And
so, you know, then you're like, "Well,
jeez, if I had kept trading it here and
here and here, now would I be up 10,000
or more?" Right? And so, all of a sudden
that makes this feel insignificant in
comparison. Comparison is the thief of
joy. If you step back and you just say,
"Hey, I made $4,000 today." You go
outside, you go you go for a walk, you
go down to the post office, you go grab
a cup of coffee, you go in the grocery
store, and you think, "I made $4,000
today?"
That's an awesome day.
And look,
is it is FCUV the last stock that's
going to go up 700% this year? Of
course, it's not. This is a great move.
It wasn't perfect. There will be others,
arguably, that are even cleaner. This
one was good, but it wasn't perfect. I
did the best I could on it, and I'm
walking away in the green. That means I
get to live to trade another day. I'll
be back at it on Monday morning for day
29. Now, I I want to remind you guys, as
always, I say this a million times,
trading is risky. My results aren't
typical. I've been doing this for a long
time. Now, what I demonstrate here is
the strategy that I trade every single
day, and that strategy's based on
looking for the leading gainer, the most
obvious stock in the market, and today
it just so happened that stock went up
over 700% coming in now at uh, 800% on
the day. That's incredible. Not every
day is as big of a move as that. Some
days are smaller, and so, you know,
you you I I I do the best I can, but uh,
this is a really nice day. So, as of
right now the account's up 35 up to
$35,000 balance
up over 1,600% 60 trades 76% accuracy
and please if you haven't already
checked out the 2-week trial link is
pinned at the top of the comments and in
the description so you can watch over my
shoulder as I continue growing the
account and continue raising money to
donate to children's hospitals. Reminder
again, trading is risky. My results are
not typical and there is no guarantee
you'll find success whether you trade
with me or you learn on your own. So,
manage your risk by practicing in a
simulator before you ever put real money
on the line. I'll be back at it bright
and early on Monday morning.