Well, it was bound to happen. Today's
day 33 of the small account challenge,
and it's another red day recap. I've
gotten out three red days, I believe
it's three, during this challenge so
far. Today's not the biggest red day
that I've had during the series, but it
it's disappointing nonetheless, and I
also am at a max loss red day in my big
account. I'm going to upload that recap
later. You're definitely going to want
to stay tuned for cuz I actually traded
the same three stocks in both accounts.
All right, so let's jump into the small
account recap first. Um as you guys
know, all the profits from these
challenges get donated to charity.
However, what happens on a day when I
lose money? Well, the amount that I'm
donating gets subtracted by the amount
that I lost because all the profits, net
of the losses, get donated to charity.
So, well, that means $800 comes off how
much we donate, except that every time
you guys hit the thumbs up, I add an
extra dollar to how much we donate. So,
that means the increase from episode 32
or day 32 to today is 100% thanks to you
guys hitting the thumbs up. So, we've
now raised uh $446,000.
Again, no thanks to me on day 33, but um
but I appreciate you guys hitting the
thumbs up. Uh so, I donated uh $15,000
today to bring our total donations to
450,000
to children's hospitals in Indiana,
Iowa, and Kentucky. So, um we are now at
45 uh children's hospitals that we've
donated money to, and we've got five
left to go as part of this challenge.
So, I'm really excited about that. Uh
thank you for helping make this
possible. So, day 33, our leading gainer
this morning was W E T O. As you can see
right here, up over 200%.
It's a Chinese stock with no news
whatsoever, so it fits into this crazy
theme that we've had in the market of
stocks with no news making bigger moves
than stocks with actual legitimate
catalysts. It doesn't make sense, but
that's the market that we're in right
now, and so just riding the waves of
momentum. I wanted to break down my five
pillars of stock selection and how this
stock fits into them. So, WETO,
number one, is up
more than 10% on the day. That's the
first pillar. And this was, yes, up over
200%. Number two is that the relative
volume should be five times higher, 5x
or higher. And in this case, it was a
little over 49. There should be a
catalyst. That's what we would prefer,
and in this case, there is not one. The
price should be between two and 20. It
was. And the float should be under 20
million shares, and it was. So, this met
four out of five pillars of stock
selection. I'm willing to trade a four
out of five pillar, especially in this
current market where news is preferred,
but, you know, if it's not there, it's
okay. Now, other pillars such as float,
um, on what was it? Yeah, yesterday, we
had a stock with a 46 million share
float. They ended up making a 1,700%
move. So, that was surprising,
but it met
the other pillars of stock selection.
So, there are times where four out of
five is going to work. So, anyways, this
was a lead the leading gainer. It had
popped up, pulled back, and then
squeezed early at about 5:30 in the
morning. First pullback, surges higher
to 11, dips down, bounces off the volume
weighted average price, and rallies back
up into a double top. Usually, I'm like,
double top, that's not great. If we got
a cup and handle formation, double top
with a little bull flag here, we could
take that breakout, but this pulled back
a bit too much. However, just the other
day, we had WXM,
which had a similar chart. Squeezed up,
double top, pulled back. I hesitated on
it down here, and then it ripped up to
14. So, because of that, I said, "I'm
going to go ahead and take this trade
right down here." And I punched it. I
jumped in this
at $10.35.
It was on the scanner squeezing up right
here, and so I jumped in this for that
squeeze um through 1050 and looking for
the break through the high of 11. And we
got to move up to about $11.50,
which gave me a profit of $2,195
and 26 cents. Now, I'm going to pull up
um let's see. Uh do do do do do I'm just
going to pull this up. So, my entry was
um right down here. So, first trade
the entry was First entry was at $10.34,
34.99. Now, I took that same trade in my
um big account. Um so,
in my big account uh today was Well, um
what's the polite way to say? Um
hm I don't think there's a polite way to
say it. So, I'm not going to say uh
I'm going to save it for the recap. But,
what I will show you is that I had my
first entry in the small account um
right here at about the same price of
$10.35. Oh, let me just drag this up so
you can see it better. So, $10.35 uh
same price as the small account as the
big account. That was the same starter.
And then adding as it was going higher.
So, basically took the same trade in
both accounts. And in the big account on
that trade, I made $26,000.
So, about 10 times as much. Well,
5 10 15 20 25 30 30,000 share position,
right? I can afford more shares. So, of
course I made more money on it. So, that
was my first trade of the day.
Then, um we have another stock that pops
up and it's STKH right here. This stock
is up 127%.
It's meeting number one criteria. Number
two, the relative volume is 4.09.
It's below five. And I didn't catch that
until after I finished trading it.
Okay. That's important to note. No news
catalyst. Price is fine. The float is
fine. But, because it meets it's missing
two of the pillars, it's actually only
three out of five, which is a little
risky.
And I got caught in that false breakout
right there.
Now, this is tough cuz you've got a nice
volume pattern, nice volume profile,
light volume pullback. This is a ABCD
pattern dipping down. You're looking for
the break through the new high. I jump
in right there and I ended up losing
$3,930.12.
As you might imagine, I lost about 10
times as much in my big account. Mhm,
with bigger share size. Again, the recap
for the big account is coming soon.
So, now I'm down 1,700 on the day on two
trades. And at that point, um
I sort of
I I at that point I was emotionally
compromised. Not because of the loss in
the small account, but because of how
much I was red in the big account. I was
really frustrated. And uh we had another
stock that squeezed up. I was
considering taking another trade on W W
ETO in the small account. Um I didn't. I
did in the big account and it was not a
good idea. I'm glad I didn't in the
small account. But then I took one more
trade on ONF O. This stock starts
squeezing up right here. And so to go
through the five pillars,
um you've got the price, which is Oops,
sorry. The price right here, the float,
um the relative volume, the percentage
change, right? So, this was
uh up nicely on the day.
Um and this was a This is a US company.
So, it didn't fit perfectly within the
theme. As you can see right here, um
doesn't have news. So, no news, but it's
a US company. So, I was a little bit,
you know, not totally sure. Uh but
nonetheless, uh I did take a trade on
this and I bought the first pullback. Uh
so, let's see. We had a ABCD pattern and
I bought for the break through 450.
And
man, you know, I was able to jump in it
and jump out of it for $855 of profit,
but it was a close call because I had a
big rejection. And in my big account, I
was not able to get out before the
rejection.
And I lost. So, again, the big account
recap, don't worry, it's coming soon.
So, as I sit today, I'm down $879.73,
which is a negligibly small red day. Um
I mean, it really it's it's it's
tolerable. Um
it's discouraging, perhaps, and it it
shows,
um you know, clearly today was not as
strong as as a previous days this week,
but, um you know, big picture, trading
with smaller share size,
um you know, reduces the magnitude of
the losses, so that brings down the
emotions. Of course, if I was always
trading in this account, um
well, jeez, so this week I've only taken
like four or five trades in the small
account. I haven't been trading in it
every day by any means. Um partly
because I had this big loss last week in
my big account. Last Friday, I was down
73,000 in my big account, so I spent the
majority of the week rebuilding the big
account. Uh which quite well. I was up
$134,000
on the week before today. How much did I
lose today? Oh, anyone's guess. Uh
you'll find out when you tune in to the
recap. So, have I had I not traded at
all this week and just did the small
account, I would only be up like three
grand. So, even in spite of today's red
day, it's still absolutely um worthwhile
for me to be uh focusing on my big
account during this time and I and and
trying to trade both when it's possible.
Um today, maybe I shouldn't have done
that, but I was feeling a little bad
that I hadn't um uploaded any more
recaps this week. So, in any case, this
is where I finished the week for
uh the small account, but you know what
I'm grateful for is that we've now
donated to 45 children's hospitals
across the country. That is a real uh
exciting accomplishment. We've got five
more to donate to. Uh each one getting
$5,000. So, that's $25,000 more that
we've got to raise for charity. And
we'll do that through a combination of
my trading and you guys hitting the
thumbs up on these episodes. And, you
know, it's probably we're probably going
to get there, um, you know, within
another week, maybe a week and a half.
Uh, there's a good chance actually we
could get there by the end of next week
if, uh, we keep seeing some really nice
volatility in the market. Even though
today wasn't, um,
you know, a perfect day by any means. I
think that, uh, part of that was because
of my own, um, sort of
getting caught up and fumbling between
the two accounts. So, in any case, um,
thank you guys for tuning in. We're
going 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. If you want to check out
two-week trial over at Warrior Trading,
it's $20. You'll learn a ton. You'll
have access to a selection of classes
from the Warrior Pro curriculum.
You'll have access to the same scanners,
the charts, and the newsfeed that I'm
using every single day to find setups
and to find the stocks I'm day trading.
And you'll be able to listen in at on my
broadcast as I'm trading. And you'll see
the good days, you'll also see the bad
days. I put it all out there. So, thank
you guys again for tuning in and please
take it slow and always practice in a
simulator before putting real money on
the line.