Hey everyone! This is a long post, brace yourself. I will start by talking about BLPH from Friday. I was calling it all live in the chat room and literally called and predicted the whole squeeze for you guys before it even happened. I want to give you some insight and explain my comments for you to help you understand the way that I think. Please read the whole post!

After the big morning pull, everyone thought that the bears had one. After it bottomed in the low 5’s, I noticed that the bulls were starting to take over and a big move to the upside was possible. At this point the idea was still speculative so I did not take any action yet.

I said this shortly after because the price had not yet reached a level that would confirm my idea. I also was a little bit short biased still since I had already made money on the short side from earlier. By the way, “I am looking for shorts” does not mean I am just going to short it if I find shares. I already had shares available to short with IB, the comment meant that I was waiting for it to set up the way I like before shorting it again.

5 minutes later, I made this comment. It became clear that BLPH was no longer going to be a short any time soon - I officially became a bull. When I say “I like this,” it means it is a very possible trade for me. My idea was starting to pan out perfectly and it was about to be confirmed.

I gave a warning because I don’t want people just buying stuff because I am. Every single trade is up to YOU. Don’t blindly follow anyone.

For the huge majority of my long plays, I buy dips. I am not a big fan of buying the instant something breaks out. Obviously, this mentality costs me sometimes on getting the best entry, but it also keeps me safe from fakeouts. I said “watching dips” which means I want to see the breakout pull back and hold to confirm true strength. “I will not alert entries” means I want you guys to take the trade based on what you think is right and I don’t want my entries to influence the way you are trading it. Again, never follow anyone without having your own personal plan.

To recap this long on BLPH, I really should have gotten in earlier while I was commentating. I was playing it wayyy too safe which is something I have done all week (I will talk more about my trading this week soon). Anyway, during the squeeze through 6, I was waiting for a good dip to hold to base an entry off of. Things happened pretty quickly until finally we got some pulls to 6.15 which held 4 times (four 1 minute candles). During the next candle, volume picked up pretty fast so I clicked my buy order. Unfortunately, I was a little slow so I did not get the best entry price but I was still overall happy and confident that BLPH was about to soar to a new high. This trade was pretty quick and I managed to take profits at 7.08 which was right under the new high of about 7.15. I said peace and left the chatroom a few minutes after because I like to finish up early on Fridays and enjoy my day. I enjoy trading but to me there is more to life than just making money and staring at computer screens. There were many more plays to be made on it after I left and I see that it continued to put in new highs, so I hope some of you took advantage of it!

Now, about my trading this week… I have sized back down. Here is why:

1. For you! I will be uploading them all in a bulk upload within a few weeks as a sort of collection for new traders to study. I just uploaded this BLPH trade for now since it relates to this post. I am especially doing this for the guys with small accounts. I want to show you that you really don’t need much money to be profitable. When I do the bulk upload I want you to look at every single trade and do the math. Calculate the actual $ amount I was using for each trade. My guess is that the huge majority of you could be making the exact same plays and growing your account! All you need is a Suretrader account so that you can trade without the PDT limit. Focus on these small plays for a while in order to build your account while actually learning how to trade. I am sick and tired of hearing about people losing so much money just because they are forced to try and make overnight plays and during intraday they are “afraid to waste a trade.”

2. This is stress free for me. When I use small size, I am literally trading with ZERO emotions. It is awesome; I am just making some decent money right now and enjoying life. Even if I just average a couple hundred a day for the next week or two I am happy with that and my guess is that most of you would be very happy with that, too. I am trying to show you guys what is possible when you focus on just batting singles for a while. The doubles, triples, and home runs will come over time.

3. It’s not all about the money to me. I made $13,449.07 in the month of August just trading (Look at My Profit Chart and you can narrow down the range to specific time frames), so I have plenty of money for the time being. I am up over $9000 in trading this month so far so I can really just kick back and chill for a while. I live at home with my parents still. I am 23 and I love my family so I am not in a rush to move out. I am currently just saving up to buy a house that I like with a huge down payment. I have a girlfriend and life is good. I make money from the same bedroom that I’ve been in since I was 5. The desk I trade on is the same one that I have been doing homework on since I was 9.

That’s it for now, guys. I will probably keep up the small size trading for another week or two and then do a bulk upload for you to study. I want you guys to have plenty of examples of how this is possible. You don’t need to focus on winning big on every trade. If you do that, chances are you will only win a few of them and will be down big overall. Personally, I am not impressed if someone new makes $5k on a trade. I would be much more impressed if you can make $500 a day for 10 days in a row because that shows me that you have a skill that you can rely on to make money consistently. Don’t get me wrong, I am very happy for these people who have a big win and I really want to see everyone thriving! But, if you don’t have a verified track record of CONTINUED SUCCESS, that money could easily get to your head and I hope you really stop to think about what you have done. Many people end their career with just one bad trade, remember that. Obviously, someone like Tim Grittani makes thousands a day pretty consistently, so whenever he posts a very big day like $20k+ I know he worked hard for it and he deserves it. He has a skillset where big days like that are always achievable.

Thanks for reading.