What's up everyone? Welcome to [music]
day 41 of my small account challenge of
growing a $2,000 account using Charles
Schwab as my broker. This is the third
day of trading inside my mobile command
center, a 4x4 Sprinter with a Starlink
mounted on the roof, solar panels on the
roof, battery bank right under this
bench, and I've got my multi-monitors
hanging right here from underneath the
bed so I can sit and work in the
morning. Got a couple hours of trading
in today, locking up base hit on two
different stocks and making a little bit
more progress as I continue to grow this
account. Now, as a reminder, all the
profits from these small account
challenges get donated to charity and
every time you guys hit the thumbs up, I
add an extra dollar to how much I'm
donating and we have now raised over
$498,000
and donated to more than 50 children's
hospitals across the country including
children's hospital in Puerto Rico,
Washington D.C. and in Guam. Virgin
Islands is coming up next, that will be
today. So, day 41, when I sat down this
morning, I was a little disappointed
that the scanners didn't look better.
YYGH was our leading gainer up 92% but
very crowded, thickly traded meaning it
was very stacked with buyers, very
stacked with sellers, traders fighting
even just to make like one penny per
share and I don't usually do well in
that kind of environment. So, wasn't
interested in that. DAIC, I also traded
yesterday and so that was the stock I
ended up focusing on. It was our second
leading gainer as you can see right here
and right after 7:00 a.m. it hits the
scanner on my running up scan showing me
it's squeezing higher. Now, one risk
factor with this stock is that they
announced there's been a delisting
notice and they filed an intention to
appeal it. However, we haven't heard the
results yet of the appeal. If they lose
the appeal, they could get delisted
which is kind of scary. So, it's not
stock I really want to be holding but
taking some quick base hits I was okay
with because it does meet my my pillars
of stock selection fairly well. It's up
more than 10%. It's got more than five
times relative volume. It does not have
a fresh news catalyst, but the price is
good and the float is under 20 million
shares. So, it meets four out of the
five pillars and what we had this
morning was essentially, this is
pre-market right here, this was after
hours. So, we had this move after hours,
pre-market is hanging out a little bit
below those levels and I thought if it
could get back over the pre-market high,
our next target would be some of these
levels from from after hours and we
ended up getting exactly that squeeze.
And so, as the momentum and volume were
building up right here,
I was able to get a trade right here on
the break through this pivot of 619. I
jumped in, I jumped out fairly quickly.
It didn't end up becoming the bigger
winner I was hoping it would be, but in
spite of that, still got a win out of
it. I was hoping we would break over
seven and continue like true daily
continuation up towards 750 and eight,
but it just wasn't able to do that. So,
jumped in and out of that for a $1,700
profit. That's good. It's a base hit.
The trade didn't really work out as well
as I hoped it would, but can't complain
too much. So, account grew in that trade
from about $95,000 up to $97,000.
Then we get a scanner alert at about
7:41 a.m. CRE, it's a Hong Kong company
that puts out a headline that they hit a
record of 550 customers. Now, I don't
really know the company very well, but
very similar to Arcon yesterday, it's
cranking here,
going from up like 15, 20, 50%, 70%.
It's ripping up, volume is increasing
quickly, but is low to start, but the
relative volume is high. So, based on my
five pillars of stock selection, this
actually meets all five. It's up enough,
it's got good relative volume, it's got
a news catalyst, it's the right price
and the right float. However, like
Arcon, it basically made one big move
and then it was never really able to
hold back up to the highs of that move.
Topping tail candles.
And this is a stock where although I
traded it in the small account and I was
able to book a profit as you'll see
right here of another $1,700 on CRE.
I was red in my big account. So, let me
give you the side-by-side P&L. So,
there's my main trading account. This is
the one that I have been well, trading
in for many years growing from a small
balance of what was initially 600 less
than $600.
And so, in this account I
uh you know,
this just ended up being very similar to
Archon which I was I think I was right
on that yesterday. I was red I know I
was red in the main account yesterday as
well. Um I just kept fumbling the trade.
I was getting in too high. I was
stopping out during these pullbacks down
here. I wasn't really trusting it. So,
by the time it starts to get like up to
here and up to here I'm like, "Yeah, I
want to punch it." And then it doesn't
pull away. It just pops and then stalls
out and rolls over. So, I ended up being
red $15,000 today in my big account down
18,000 on CRE, but I am green on VCIG.
Now, VCIG you'll notice I did not trade
in the small account. After these two
trades and the fact that neither of them
really worked out super well, I said,
"You know what? Let's take risk off. I
don't want to make a mistake in the
small account. So, I'm just going to I'm
not going to take any more trades." But
VCIG in my main account had this initial
pop right here. I jumped in it and
jumped out of it for about $2,000
profit. And then it comes back up and I
got back in it and got back out of it
there for another profit, but only made
$3,100 on it. So, it was not a big win.
Um now it's selling off and coming back
down. And it felt like today momentum um
was quite a bit softer than it was
yesterday.
Not for any really good reason. It just
so happened to be the case. So, the game
plan now going into Thursday and Friday
towards the end of the week is well, the
small account has done well this week.
Green three days. My main account is
kind of pulling up the rear and I need
to try to get the main account now
caught up a little bit so I can at least
be I guess flat on the week ideally. Of
course, only one good trade would would
do that. So, at this point probably
tomorrow I'll be focusing mostly on my
main account with the small account
being on the back burner, but I am
getting darn near close to $100,000. So,
you know, it also could be just one more
good trade and boom, I'm above above 100
grand, which would be exciting, but
on the other hand,
you know, if the market continues to be
a little softer, it might take
it might take longer. So, let's just see
how things look tomorrow morning and as
always, if you want to check out a
2-week trial, you can use the same
scanner
news charting platform that I've got
right here. And you can also watch over
my shoulder as I'm trading. You'll see
the ups and you'll also see the downs.
Big green days, big red days, and
sometimes a day like today where I'm
green in one account, red in the other.
So,
I hope you guys check it out and I'll
remind you as always that trading is
risky. My results are not typical and
there's no guarantee you'll find success
whether you trade with me or you learn
on your own. So, your best bet to manage
your risk is to practice in a simulator
before you ever put real money on the
line. With that, I will see you guys
back at it first thing tomorrow morning
at 7:00 a.m.