We just had a 500% Short Squeeze on MONDAY MORNING!

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Transcript

What's up, everyone? Welcome to day 29
of my small account challenge of growing
a $2,000 account using Charles Schwab as
my broker. This is going to be a special
recap because today is the biggest green
day I have had so far during the small
account challenge. My account today is
up over 30%
in one day. That is phenomenal. I didn't
see this coming. You know, it just goes
to show why it's so important to show up
every single day. It's Monday. It's the
first day of a new month. My
expectations were set relatively low and
yet we had a stock that squeezed up over
500%
and that was the one that I absolutely
did the best on. Now, I did have a
second stock that I traded and I stopped
out of it for a loss in the small
account. Now, I decided not to get back
in in the small account but I ended up
trading in the big account for a profit.
So, we're going to actually break down
both my small account and my main
account trades during this recap. So,
let's go ahead and jump on the screen
share and get into it. As a reminder, as
always, all the profit from the small
account challenges is getting donated to
charity and today we crossed over
$400,000
in money raised. This is of course a
combination of my own profit that I'm
making in the small account but I'm also
adding extra dollar to how much I donate
every time you guys hit the thumbs up on
the episodes in this series. So, I
donated today $5,000 to a children's
hospital in Mississippi and another
$5,000 to a children's hospital in
Michigan bringing our total donations to
$400,000.
This is phenomenal. We are now at 35
children's hospitals that we've donated
to. The goal is 50. So, let's keep this
going. All right. So, day 29, there was
one obvious stock and it was HYFM.
This stock, as of right now, has over 75
million shares of volume but of course,
as always, the volume sort of is just
increasing as the day goes on. I'm sure
it'll be over 100 million shares by the
end of the day.
Um but this is a screenshot that I
grabbed when it was about $3.18
and it was already up over 488%. So, by
far, it was the leading gainer. Now,
this morning, it's Monday morning and so
I did a watch list yesterday and my
watch list yesterday covered
two of the stocks that I thought were
worth keeping an eye on. One of them
was,
let's see, UPC right here. UPC had a big
move. I'll just close this to make it
easier to read. So, UPC had a big move
on Friday in the after-hour session. It
squeezed from about $3.90
up to a high of eight, pulled back, and
closed. And so, I said, this is going to
be something I would watch going into
Monday morning. Well, Monday morning it
squeezes up immediately. I didn't take
that trade. It was too early for me.
Rejects VWAP, sells off, comes back up
to VWAP at around 7:00 a.m. here, and
then rejects again, and goes lower. So,
there were no opportunities to trade UPC
even though today it is up 90%. All of
that is because of it's measured against
the closing price on Friday of regular
trading hours. So, UPC, I had it on
watch, it ended up not working. FCUV, I
had this one on watch as well.
Huge move on Friday. We'll switch to the
5-minute chart so it's easier to read.
So, this one had a big move on Friday. I
had absolutely crushed it, did really
well trading this. We got this squeeze
from $2 up to nine, pulls back, goes
higher, and ends up holding up all day
long. Even into after hours it goes a
little higher. So, pre-market it pops up
again, it pulls back, it comes back up
here, pulls back, comes back up here,
and I actually traded it in my big
account right there, and I lost on it.
First trade of the day, I was down
$1,100 on FCUV,
which is a little bit of a bummer. But,
it is what it is. So, the two stocks
that I was watching from Sunday, UPC and
FCUV,
neither of them ended up actually
working out. In fact, the stocks that
did work out, as you could see here, was
EZRA, HYFM, and those are the same
stocks I traded in the small account. In
the small account, I didn't trade FCUV.
Why is that? The price. It's just too It
was too expensive. So, I didn't want to
get into trading FCUV up at $20 a share.
I just didn't feel like I could do very
well on it. Now, in my big account, I
you know, I I don't mind using the
buying power. I've got a little bit more
cushion of profit. So, I took the risk.
Didn't end up working, but that's all
right. So, first trade of the day was in
and out on FCUV. Didn't touch it in the
small account, but broke the ice in the
big account. And then, all of a sudden,
we end up having HYFM
start to pop up. So, this one hit our
high of day momentum scanner right here
at about 7:30. All right. So, 7:30, it
came out with news here, and it just
skyrockets. Unbelievable. Huge move.
It's a US company. I mean, this headline
doesn't even necessarily sound all that
exciting to me, but it goes to $1.14,
$1.50,
$1.80, up to two, up to 2.89. And so, if
we look at that chart, the way it
unfolded was it was one of those stocks
that basically,
you know, sort of in an instant went
straight up. And so, if we look at this
chart here,
these are always interesting when this
occurs. So, it basically went from 50
cents a share to $3 in an instant. Now,
it could have come all the way back
down, and then it's just it's dead.
That's it. But, it came down, but then
it based out right here, and it held.
So, as it held that level, this was
where it started to get interesting for
that curl back up. So, let's kind of
dial that in. So, this is the 10-second
chart on HYFM.
And so, it had this initial pop, and
then it pulls back. No trades there.
Then it comes back up. Still no trades.
Pulls back. And right here, I was
looking at this high. I drew this yellow
line at $2.10.
So, we have this high right here, and we
broke through it. We go up to a high of
about 240, and I I was like, I don't
know. It was very thickly traded. Big
sellers on the ask, big buyers on the
bid, but it was very thickly traded. So,
I was like, I don't know if this is
going to work. It breaks through this
level. I don't trade it. It comes back
down, and this is a classic retesting of
previous resistance. So, then this
resistance line flips from being
resistance to becoming support. And so,
then right here, we're getting a wedge
off support. And I ended up jumping in
right here as it starts to curl up for
the break through 240, and then adding
for 250. And we end up getting this
squeeze all the way up to $3. So, on
that first trade, I was in and I was
out. 10,000 shares, made 40 cents per
share of profit, was up four grand.
Solid. Right here, I add back. It
squeezes up then to 367.
Amazing. Then it pulls back, it dips
back down. It comes back up right
through here. I add for the break of 380
for four, and I end up taking a loss.
So, now one, two winners, one loser. It
then comes back up here. I add back
again. I have another winner right here.
Then it pulls back. I wait, I wait, I
wait, and I get this trade right here
for the break through 350 and the retest
of four. And those five trades combined
gave me a profit of $10,927.17.
Bring the account up to From a starting
balance today of about 35,000. So,
really solid trades there.
That was HYFM.
Now, I will say HYFM I prioritized
in the small account. And the reason I
was prioritizing it in the small account
was because I was like, "Wow, this is a
stock I can actually buy 10,000 shares
of? If this thing goes up 40, 50 cents a
share, I'm going to make four or five
grand." Obviously, FCUV, I wasn't
trading in the small account cuz it was
too expensive. And, you know, sometimes
we have stocks that are five, seven,
eight dollars a share, which I'm happy
to trade in the small account, but which
I can't afford to take a very big
position. So, this is one of the lower
priced ones that I actually thought had
the potential to give a big move, and as
it turned out, I was right. But as a
result of focusing on it in the small
account,
the main account kind of took the back
seat. So, in the main account, I did get
a trade on it, but my first trade was a
little bit later. It was a little more
extended. I punched it. I did end up
having a good profit. I think the first
account trade
was right in here. Now, now is that
right? Now, I can't remember. Let me go
back and look. So, my first trade was on
FCUV, and then this one was at 8:00. So,
no, so it was actually back here. Okay,
so it was right here. This is my first
account my first trade in the big
account right here. And I jumped in this
down here. It must have been 355 was my
entry, and then adding at 360, 369, and
for the break of 380, and looking for
the squeeze through four. And so, on
that trade right there, I had a profit,
but you could see it rejected pretty
aggressively. And then I got back in up
here on this micro pullback at four,
and flush. Took a loss. So, gave back
some profit on it. Then it comes back up
a little bit later, and I jumped back in
right here, thinking we were going to
curl, and that again rejected. So, my
big account did not do as well on HYFM
as a small account. And it's just from
prioritization standpoint that today I
sort of put the small account first.
Now, it's also worth noting that, you
You the small account was still in a
drawdown coming into today, right? I had
lost $7,000
last Tuesday.
And then I didn't trade Wednesday or
Thursday. And then I trade on Friday and
I made four grand. I think it was Yeah,
it was $4,000 I made on Friday. So, the
account was still in a $3,000 drawdown.
So, you know, I kind of was motivated to
try to recover the rest of that loss if
I could or at least, you know, continue
to chip away at it. And then HYFM, which
is kind of the right price to do that.
So, anyway, so I ended up getting those
trades on HYFM
really solid.
Again, not 100% accuracy on it. Was
green on four out of the five trades,
but that's still pretty good. 80% is
good. So, then we had EZRA hit the
scanner. And this is an hour later,
8:30. It hits the scanner, it starts
squeezing up and it goes up like 70%. I
don't trade it as it you know, it's
first popping up here in the small
account. I'm not quite sure. It ends up
hitting this high of 380, pulling back,
selling off. And then it kind of comes
back up here and I punched it right here
looking for that curl up through the new
high of day.
It was very heavy. There were lots of
sellers. And I got in and got out with a
loss. I bought 5,000 shares. I lost
about 9 cents a share. $446. And I said,
"You know what? That's it." So, in total
today, I had six trades, four winners
and two losers, which brings my accuracy
in this challenge down a little bit to
75%.
But the account's up over 2,000%
and I'm I'm now at $45,909.81
cents in profit, which is phenomenal.
So, the small account is doing really
well. Now,
in the big account, I actually continued
to trade EZRA. And so, I'm actually up a
little bit more. I will I'm I'm green in
the small account on EZRA. In fact, I'm
up more on it than HYFM. So, as EZRA
ended up continuing to move higher, I
kind of felt like it was becoming more
of an expert level stock.
You know, it was just So, this was where
I had taken the loss
uh in the small account, and then it
pulls back, comes back up here, and I
end up trading it in these areas here,
just jumping in and out really quickly,
but doing 15, 20,000 share positions.
So, 5 cents is a thousand bucks, 10
cents is 2,000 bucks. So, I got a couple
little trades there, in and out, in and
out. Then it pulls back, and then at the
open, suddenly it squeezes up, and I
jumped in here for the break of four,
and we got this nice squeeze up to 440.
It pulls back, I got in for the break of
the high, we end up going up to 460. So,
I ended up making $11,000 on um EZRA,
which brings my daily total in the main
account to just under 20,000. Hot Market
daily goal is 20 grand a day. So, 20
grand right there in the in the main
account, my retirement account, plus
10,000 in the small account, and
donating um that profit uh to charity
right away today. So, donated $5,000 to
the Michigan Children's Hospital, um and
then donated $5,000 here to uh
Children's Hospital in Mississippi. So,
you know, today's a great day, a great
start to the month. I couldn't ask for
much more than that. Small account
challenge is making progress. So, uh
let's keep this going. Thank you guys
for hitting the thumbs up. It'll add an
extra dollar to how much we donate. If
we go back to the top of this um sheet,
you'll see at the green line is my
trading profits, which exploded in the
first 7 days of my small account
challenge, cuz I was using six times
leverage, and I made like 60 grand in
those first 6 days.
Uh and then you guys said, "We We want
to see you trade like
uh small account challenge without
leverage." So, I reset the account. Um I
guess I did it Actually, this is going
to be more like here, to $2,000. It was
right about there.
Um And so, I did a small account
challenge there, and then I reset it
again somewhere in this area. It must
have been like right after kind of that
day. So, anyways, um and then I reset it
again uh as you guys know. This is
not like perfectly organized. So, I'll
do it like this. But, anyways, so the
green line is my profit. So, that red
day that you can see there, the dip
right here, was where I lost 7,000, but
I've now recovered that as of today,
which is great. And then the main red
line is actually the thumbs up that you
guys have been giving during this
challenge. So, I have donated $295,000
on your behalf from you guys hitting the
thumbs up. And then about $105,000 from
my own trading profits during the
challenge. So, that's where we're at
right now, and this is the I guess it's
the fourth challenge.
Yeah, I can't remember. It had Schwab,
and then WeBull, and then there was a
short Robinhood one, and then back to
Schwab here. So, anyways, thank you guys
for being part of this challenge. I
really appreciate you. It, you know,
gives me kind of the excitement each
time I reset the account that I know you
guys are here supporting me and hitting
those thumbs up. So, thank you guys, and
remember as always, if you want to trade
and be in the chat room and use the
software that I'm using every single
day, you can watch us over my shoulder
as I'm trading. This is the monitor that
you see. We've got two-week trial. It's
two weeks for 20 bucks. You're going to
learn a ton during that two-week trial,
and you'll have access to this same
software right here for charting,
scanning, breaking news, and the chat
rooms. So, check it out. I think you
guys will enjoy it, and I'll see you
back here first thing tomorrow morning
bright and early streaming at 7:00 a.m.
Eastern Standard Time. And don't let me
forget to remind you, as always, trading
is risky. My results aren't typical, and
there's no guarantee you'll find success
whether you trade with me or you learn
on your own. So, the best way you can
manage your risk is by practicing in a
simulator, proving profitability there
before you ever put real money on the
line. So, with that, I'll see you guys
bright and early tomorrow morning.