welcome to the thousand dollar day trading challenge stay tuned for all the
live action morning short trader is giving me issues I'm having issues with
buying power they said put out a couple announcements that they're having issues
with buying power this morning I tried to buy lb IX here 500 shares at the
$3.00 area right there pre market it pulled down there to the $3.00 area had
plenty of time to get filled there at three dollars you can see it's up there
to 320 now I couldn't get filled I try to get 500 shares I have enough equity
to get 500 shares it would not let me feel if you're watching the livestream
you would have saw that but it's up there to 324 now so I don't know what
I'm gonna do I think I might just not trade today we'll see buying power issue
is not fun it's not really what I wanted to happen today I don't have to deal
with this thinking about that mentally and stuff and here goes lb IX market
open CB this move up there's a 350 area LBX pulling down here down to the 90 ma
they're pulling down hard down there to 301 now 295 ouch
I'm gonna get filled there at 301 C we get a quick pop back up there give us
some time here only 400 shares TV bounced off this $3 area go higher from
there 305 buyer sitting there I think with this move higher beautiful 310 now
311 312 there we go up there again 320 beautiful beautiful dip by here guys
this is amazing woohoo now take a profit right there 337 340 now boom boom look
at that made 131 dollars with only 400 shares one trade one dip Ida up there to
the 350 now I wasn't gonna be greedy you made a hundred bucks there right there
at open buying the dip there on LBI X up there to 350 now so LBI X up to 350 air
you're gonna see if this breaks over 350 I'm not gonna trade it but if I would
have been normally if I had the normal buying power I would trade this above
that 350 area looking for that move higher so we'll see if it gets up there
but you can see my entry right here did it all
getting in there at 3:01 taking profit there at 3:37 it got all the way up
there to 349 on this candle so beautiful trade here on LBI X once it got above
that pre market high there the 322 area it exploded the shorts getting squeezed
there I know if I was short here there goes up to that 3 Pat the area now
boom right through 350 up there to 363 294 area got back above $3 I saw the
buying coming in there I saw the buyer step up there there it is up there to
360 again all the members in the chat room taking profit they are the 360 area
beautiful trade here on LBI X this morning Wow really just kind of talking
about this I actually talking about this earlier in the livestream how I tried
not to trade free market I've been trying to not trade pre market I've been
trying to stay away from the pre market trades but you can see I try to get
filled here earlier at the 3 to all their area it got out there to 324 this
is the first one minute candle of the day so the market opens there at 3:20
the market opens there at 9:30 the high this candle was 3:23 the pre-market high
was here at the 3:25 area once that 3:25 year II got stuck there we had this
pullback people taking profit or just shorts trying to pile in there trying to
crash this below that pre market hi there and it pulls down there to $3 so
it goes down to $3 I was watching level 2 if Yuri watch this video if you watch
it again you'll see how the level 2 started to change so once it did that
big dip it had buyers stepping up there so once the buyer stepped up there
that's when it exploded there it is up there to 365 now so once the buyer
stepped up there watching level 2 watching the bid watching the support
there that three dollar area turned into support and then we cranked higher and
there it is up there to 365 now so LBI X not gonna complain about this move
getting in there at three dollars and one cent taking profit there at three
dollars and thirty seven cents so making 36 cents in less than a minute there I'm
happy with that if I would have had my normal buying power I would have bought
you know a thousand two thousand shares of this stock there at the three dollar
area and then taking profit there up there
near the 340 so I was really a good trade here on LBI X I'm happy with that
dip buy I made a video actually over the weekend talking about dip eyes and this
worked out exactly like I talked about talking about looking for that support
area looking for this you know over selling so this obviously was just an
over reaction there at open so you get a lot of shorts trying to pile in there
you get people who were just taking profit people were getting scared people
were buying they're hoping this is gonna explode
and it didn't explode and then they start selling it starts crashing the
stop losses get hit and once that happens a couple of times you get this
quick sell off there so the quick sell off happens we find that three dollar
support get down there below the nine EMA the twenty EMA but then we find that
support there the three to all their area and then there's that rip up there
to 369 high of day now so LBI x pull them back down there that 350 injury was
looking pretty good they thought there's a 370 area not bad
not bad so now it's pulling back down we'll see this is gonna be another dip
buy opportunity or not but for that I'm gonna be done for the day like I said my
equity my buying power it's not working out right now
short trader is it's not not my friend right now so it's only 936 I'm pretty
happy with that making one hundred thirty one dollars with only four
hundred shares here you know small size when I talk about small size that's
really a small size trade only 400 shares but you can see I still made over
$100 profit so if even if you had a smaller account than that I mean that's
400 shares of a $3.00 stock so I invested $1200 so I basically traded
with $1200 on this stock getting there's a three dollar area 1200 dollars worth
of this 3 dollar stock taking profit they're making over 10 percent return on
that $1200 that I bought the stock with and sold in a matter of minutes so
pretty good risk reward there and a beautiful trade here on LBI X I'm happy
with that I keep saying I'm happy with that because I really am just happy I
honestly thought I might not even trade today after the whole issue was short
traded this morning so LBI X crazy one this morning a lot of selling going on
there above that 350 area you can see people taking profit there above 350 but
nice little explosion there it goes again looks like it's wants to get back
up above that 350 area we'll see what happens here but we'll see
so on that note I think I'm done for the day I only been trading for about seven
minutes yes I did the livestream for 30 minutes so you can put that on my time
clock but overall been looking here at the computer for about 37 minutes so not
bad not bad at all just having some issues today with my
broker today so I'm not gonna push it only making one trade today making one
hundred forty-four dollars paying the Commission's paying the fees making a
hundred thirty one dollars there on LBI X it's above that 350 area again so
let's see this one won't explode later but for that note I'm gonna be done
trading this small account I might go trade to my TV Ameritrade account a
little bit but overall I'm gonna let this small account be happy with the
quick hundred forty-four dollars there