How I Grew My Small Day Trading Account to $28,093.54 in 16 Days 💥 (Full Training)

"I'm going to focus first of all on a quality setups and I'm going to tell you and explain exactly what that is in a moment and I'm going to get in and I'm going to get out as soon as it hesitates and if that means I'm getting out up only 3 cents a share I'm getting out up only three cents a share and if it goes 50 cents before it hesitates then that's awesome but I had a number of Trades where I really wasn't making a lot but small winners"

"my accuracy through this challenge was 90% over 90% my average winners were $772 my average average losers were $186 that's a 4 to1 profit to loss ratio with 90% accuracy"

"for the small account challenge price and the second is float those are the two most important and then the third is I want to make sure the stock is obvious so when a stock is lighting up the scanners like this and it's going from 3 to 310 350 you know 380 $4 really quickly that's something that I'm definitely going to be paying attention to"

"I took my first position I added and got filled as it broke over $3"

"I'll just show you just just for the the the heck of it um it doesn't matter so let's see I have my um I have my I have two accounts with thinker swim or with light speed I've got my main account and then I've got a um a margin account here which I don't usually use but I'll just put it up here just I'll just do for the just for the sake of it who cares so let's pull up something that's pretty liquid um s that's pretty liquid BAC that's pretty that's bigger spread let's let's do this one all right so we'll just do I'll just do one share we'll see if this will go through so so watch this so I'm going to just press the buy button and just see how like instant anous that is two it just went to two shares and now got two you don't even see the order hit active orders it basically just goes right to three shares it's like instantaneous and then I press contrl Z and the position's gone"

"I feel like it's kind of like stepping over dollars to pick up pennies to use these commission free Brokers if you're at a point where you've got you know 105,000 and you're really taking it seriously if you're trading with 500 bucks or 1,000 bucks then commission free does make sense because you've got no fees there's no platform fees or anything like that with light speed you pay like $75 a month for Market data and then you pay your two3 commission fee and ecn fee so you know it adds up but I just think it's worth it anyway"

"no one was able to trade it the whole platform no one was able to trade this stock total BS they couldn't trade it so this I should have crossed over $25,000 yesterday because I tried to buy buy this right down here 4,000 shares it went up a dollar a share boom I would have been done but I wasn't able to trade it in my small account"

"In 2017 when I funded a small account challenge uh this was a little bit different so this was the first month so first well 20 days so 20 days here um and 16 days here both were about one month um I this has so 16 days here but I had a lot of no trade days so I you could probably say it was 20 days if you wanted to um this was 20 days but I traded every single day so anyways however you want to look at it both both of them were about a month long a little bit a little bit more than a month for this challenge because I started in September and I'm finishing here in October but I had a lot of no trade days including the whole first week of September so I averaged I total my total gain was $115,000 here total gain here $166,000"

"I started this account and funded it with you may recall $500 $835 and I had six times leverage which means I was able to trade with $3,600 approximately on day one which means I was able to buy 1,000 shares of a stock at $3.60 It goes up 20 cents I'm up 200 bucks and on that first day of the challenge I was up $186 on day two I think I was up like $150 so by the end of that first week the account had already doubled I was already up over a th000 bucks"

"with this challenge I funded the account with $133,000 to $6,500 Ira contributions so I started with well 26 times larger account substantially bigger and that's because I knew I had no leverage no leverage at all so I had $133,000 in buying power"

"my 2017 performance has been audited I had an independent third party accountant do a audit of my returns started with $583 that was January 1st 2017 by the end of 2023 I was at $10.7 million in profit averaging $127,000 a month with a 64% monthly return"

"so I want to get and the total number I want to get enough trades where I can maximize my profit certainly I'll make more if I'm trading B quality setups right if 70% still worth trading 60% nah you know probably not but maybe maybe in a hot Market it's 65% right because this is also you know the percentage is going to vary a little bit from Market to Market so you know it's kind of a it's it's just something that you're kind of always working with and and actually I'll say that this is something that I find so interesting about trading is the fact that it's just everything is always you have to adapt to changing markets"

"I'll be a little critical of the platform because it's really not great for high-speed trading and then step five is to do your analytics so you do your analytics you go through your metrics but let's back that up for one second um I'll switch back to my IRA account because that's a much prettier number and let's talk about how I got so triggered yesterday"

"if you want better you got to go look for Brokers that are currently offering a better performance so you know this is the nice thing with with all the choices that we have there's tons of Brokers out there offshore us Brokers you know Brokers that cater to active Traders Brokers for commission free trading you choose you choose what works for you"