How to Grow a Small Account with ZERO Experience (Full Training)

"The MACD, although it's still positive, this technical indicator, it is getting right across into the negative, which means even if it bounced, the bounce would be short-lived and it would continue selling off."

"So, I'm going to expect one red day per week. And I'll also expect one smaller green day. So, that means my weekly goal is really the daily goal times three sort of minus one, right? Because I got to figure a break even day and a small red day. So, I'm going to figure if I can grow the account 25% per week, that's going to be really, really solid."

"Now, that will compound for the early part of the challenge, but I'm not going to be able to do that indefinitely."

"A stock that's $40 a share going up 50 or 100%. That doesn't happen every day because they're just too expensive. So they're not as likely to go up that many dollars per share. It just doesn't typically happen."

"Now, what I know is that there are a handful of sectors that usually show bigger percentage gains than others. And those include biotech, Chinese companies, and any company with a headline right now on the current theme. And the current theme right now is cryptocurrency. So, anything that has anything to do with cryptocurrency seems to get an extra boost. But that theme changes from year to year, but currently it's the crypto theme."

"This is a gravestone dogee. Opens and closes at about the same price but has that long upper candle wick. It is a bearish signal. In fact, anytime you have that big upper candlestick, it's bearish."

"This is actually bullish because the sellers tried to keep pushing it down and the buyers said, 'Oh, no you don't. I'm buying this. I like it down here. You know, for whatever reason, I think this is a good level of support. I want to buy the dip.' And so, this is a bullish indicator for a move back up."

"So what's this telling us? This tells us the trend is kind of getting exhausted and then we have that final candle wick like that. The seller, that's a very clear message that we're about to see a drop."

"The trend is kind of getting exhausted back down and then we see that dogee and then all of a sudden off of that level we see the reversal come back in. Right?"

"So shooting stars come back down to earth. So boom, drops back down like that. That's we would expect. And then right here, what do we have? A hammer. A hammer is hammering out the base. And we would look for that next candle to make a new high."

"If it holds at least 50% of that first move higher, long biased traders will begin buying the pullback. Shorts will cover at high a day and the price will make a second push higher."

"As a more experienced trader, I'm going to focus on getting one really good trade each day. That might mean I have a couple of kind of false starts, a couple of break even trades or even small losers before I get that one really good setup that I can nail."

"So, if we map this out, day one, $2,000 account, goal is 200 bucks. So, next day it'll be 2,200. Goal is 220, right? So, then next day is um 2420. So, then that then that goal, you see what I'm saying? So, now we're looking for 24 uh $242. So, then the next day, the account's up at 26 uh you know, what is it? 60 62. So, as the account grows, I just need to keep stacking that up so that by the end of that first week, I can get that that account, you know, if possible up towards that $2,800, maybe $3,000 mark."

"Now, we're not sure if it's going to get approved yet. I think there's a really good chance it will get approved."

"And I am quite confident that I'll be able to maintain emotional composure even if that first trade doesn't work out and it's like a $25 loss or a $50 loss."

"as long as I'm choosing the strongest stocks, I should the trade should be more forgiving and I should have more room for uh profit even if it's not perfect perfectly timed."

"if we have our pullback pattern and it just so happens to dip right off the support level of the 9 EMA, that's going to give me even more conviction that it's going to bounce right here."

"when you get that sudden snap, all the shorts have to cover and the longs jump in because control has shifted. So a break of VWAP is very powerful."

"when it's sort of waning and it's about to go red, I'm assuming that it's going to go red, and I'm usually going to stop trading."

"When it's waning from green from red here and getting ready to go green, I will consider that sometimes as a crossover trade, but that's going to be a little bit higher risk. I'm not sure if I would do that during the small account challenge. I I expect that I probably won't."

"in a hot market, we often see momentum will shift from stock to stock. So news usually comes out at the top and the bottom of the hour. So 7 a.m. news comes out and a stock has news and it squeezes up. 7:15, 725, it's moving higher. And at 7:30, another stock comes out with news. And the news headline on that other one is a little juicier. And maybe the float on the other one's a little lower. The price is a little better. And for whatever reason, that one starts moving and it's moving quick. And so now stock number one, people abandon that completely and switch to stock number two."

"My belief is that I will be green far more often than I'm red. So even if I'm well, I guess if I'm 5050, then I would be break even. But I know based on this year that I've only had a few red days. So I'm averaging more like one to two red days a month. And I'll I'll allocate one red day a week, but I think I can do better than that."

"Once I get up over $25,000, you know, 2500 in one day, certainly achievable."

"Getting to $100,000 and 10,000 a day, it's starting to be a little bit of a stretch. So, it's going to be easier to exceed those percentage growth numbers early in the challenge and they're going to kind of wayne a little bit as the challenge goes on."