Today I woke up with excitement and nervousness because I was going to be making my first set of trades with real money on my small account. I got up at 8:00 am Central Time to get myself set up. I turned on YouTube and tuned into the Warrior Trading channel, where I get the ideas for which stocks I will be looking at for the morning. The channel host, Ross, gives a lot of insight into why stocks are moving in the direction they are. I highly encourage everyone to check out this channel for yourself, in doing so you will gain so much knowledge from this man that has seen both the highs and the lows from trading.  

After watching his watch list video for the day, I knew which stock I was going to be focusing on. The picture below shows the top four leading gapers for Monday morning at 8:27 am Central Time. With three minutes remaining until the market opened, the only one that made the most sense to me to trade was BHTG. BHTG, at the time was gapping up 140.6% with 15.11M shares of volume. It was in the price range that I was shooting for with this small account that had just south of $1000, so I knew that I would safely be able to get 200 shares. 

I bought 100 shares of BHTG at $3.90 per share for a total of $390.00. Even though I saw that the stock started to go down I wasn’t panicking for the fact being for every cent that the stock went down I was only losing $1.00, so I found solace in that fact that I had some room to play with. I knew that I was also able to get 100 more shares so I could use what is called averaging down, which will lower my take profit point. I continued watching what the BHTG stock was doing and at 8:39 am Cental Time I picked up 100 more shares at a price of $3.50 per share for a total of $350.00, which makes my whole position 200 shares of BHTG at an average price of $3.70 per share. I have marked in the screenshot below in light green, the two points when I picked up shares and in dark green when I sold all my shares. I held my position for less than 30 minutes and at 8:55 am Central Time I sold all 200 shares for a price of $3.85 per share which made for a profit totaling $30.00. It’s not much but for the time that I put in and for the fact that my account is so small I will take any profit over a loss. It’s the small wins that will grow this account, I would rather take base hits than try and swing for a homerun and miss and lose money.  

You can see on the chart that I indeed left money on the table because the price did go to $4.14 which would put it at $58.00 that. I know I missed out on these gains, but I didn’t want to take the risk of the stock going south. I took the emotions off of the table by setting a sell point at $3.85 so that once the price hits that number it will sell for me by taking the “me” out of the equation and locking in the profits instead of locking in a loss. 

I will be sharing my gains and losses daily so here is a summation of my first trading day.  

Account Total  

$915.71 

P/L for the day  

$30.00 

New Account Total  

$945.67 

*$.04 misc. fees 

Goal – $10,000.00 

Left Until Goal Reached – $ 9,054.33 

And as always, have a great day and keep learning and moving towards your goals, never stop pushing! 

Day 3