Trading on a Small Account!
all right everybody check it out got approval from e-trade finally check it out we're approved for futures trading let me switch over to a different color yeah here you are guys for those that want to follow along in the small account we finally got approved for futures trading you know i actually had to spend it over an hour on the phone yesterday because you know their chat isn't you know they don't they don't even support you on chat because i heard that the industry and all the big brokerage firms are so slammed they're just slammed there's so many people sign up for accounts because you know you got 25 of the workforce that's not working right they don't want to wear masks they don't want to get the kovid jab okay and this is this is not a video about politics i'm just saying you know there's a lot of people that aren't working the traditional jobs so a lot of people signed up for brokerage accounts because they want to trade so e-trade obviously being one of the more notable uh brokerage firms here in the united states of america you know i read they're so slammed that they don't have enough customer support so the chats down they don't even support you on chat they don't support you on email that i could find the only way i could get a hold of them was by by phone i had to stay on the phone for an hour over an hour yesterday like an hour and ten minutes and they finally uh you know i finally got put through in the in the queue and waited there you know and i talked to a guy and he basically kind of just making sure that you know everything was in in order and then he said it'll take one to two days to be approved for the futures account okay it already was approved for the equities main brokerage account but this is a futures account that's linked to the equities account all right so i just talked to him yesterday and it was already approved in less than 24 hours that's really really awesome so it looks like with the thousand dollars let me switch over to the other screen so anyway this is an email you're gonna get an email like this okay the reason i'm showing everybody who wants to follow along on the small account the e-trade account is because i want you to understand you can do this right you just watch how i did it right i put a thousand dollars into the in the open up an account with e-trade immediately linked to my bank account started immediately by transferring um a thousand dollars the same time i i signed up right and to be clear when you sign up for e-trade okay or whatever broker you're going to use but since i'm using e-trade if you want to follow along you know you sign up for e-trade sign up for your brokerage account and sign up for the futures account at the same time okay and you got to answer a bunch of questions in there fine you answer the questions okay and then you make a deposit in this case i deposit a thousand dollars remember i said i think yesterday the day before we wanted to see whether or not a thousand dollars was gonna be enough to trade futures well the guy yesterday was on the phone he said he's seen people trade with less like on uh on some of the futures options i think he mentioned okay which i don't really trade the options on futures that often okay but he said yeah he says it shouldn't be a problem so the so you'll get it you'll get a message in your e-trade messaging system in the queue online when you log in but you also get this email you see in front of you okay all right let me switch over and i'll show you show you something else on the e-trade account itself right so over here on the this is called power e-trade upper left-hand corner okay when you you can launch that when you log into e-trade you just click on trading and one of them will be power e-trade okay there's a couple ways to trade okay you know i don't really like this trading platform anywhere near as much as i like the td ameritrade but for now you know since i'm just getting started fine it'll do okay but check it out in the middle of the screen see this futures so you get your you got your main brokerage account up here and that's everywhere right you see it there there there i think you see it up here okay but in the middle of the screen what you're gonna do is you click on trade and you'll get this you get this pop-up okay you get this entire pop-up right here you'll notice it's futures well the reason it's futures is because i typed in wheat xw is uh e-mini wheat futures and z1 is for december 2021 okay that's cool well look look guys buying power a thousand dollars now yesterday this was zero you know see how it says account value zero so i had zero yesterday so guess what they approved it awesome so that's really really cool now if you didn't if you didn't watch my video yesterday i'll put a link in the description you can watch it but i think it was yesterday's video i talked about and in the past i talked about once we get this account going then what we're going to trade most likely is either either going to be currency futures well you know what we'll just call it fx for foreign exchange but we're not trading foreign exchange directly we're trading the futures on foreign exchange okay so that's that foreign exchange futures or the other one would be the grains okay and the reason why is because the initial margin is very reasonable right so we either trade fx futures or grains futures there's one or two others that may could be traded but these are the two most likely candidates you know because of the low initial margin because remember we only have a thousand bucks or you only got a thousand dollars to do this okay so for those are going to follow along you know a lot of you like oh i don't trade futures i only trade equities i only trade the spider or whatever that's p y well guess what okay now you got no excuse not to get into futures because it looks like each way is gonna allow us to trade futures on a thousand bucks now i don't know that i haven't confirmed it okay so what i'm gonna do tonight just for all you guys and gals okay just for you some those uh people watching my youtube channel subscribers everybody that's coming to watch what i'm gonna do is i'm gonna make a trade one one contract trade tonight for the e-mini right now i think the the cme group is their margin nice five is 415 bucks for one contract that's the initial margin okay so that's how much we gotta have in that account and since we have a thousand we should be in theory should be using only about whatever four tenths or forty percent of this buying power okay so i'm gonna see if the trade goes through i'll probably just take the trade and then just go turn right around and sell it you know or close the position open the position close position i'll take a hit on the commission but for you people i'm gonna do it okay i just want to make sure and confirm and make sure we can actually do a trade okay so and the only thing i could think of at the moment that we could possibly trade is the aussie dollar the e micro aussie dollar okay and there's a possibility to trade the e micro euro dollar but i don't really like trading the euro dollar it's a little bit too i don't like it cycles okay but the e the e mini wheat those cycles look really good now we may not take a trade right away because i'm kind of waiting to see what that cycle is going to do but the cycles look really good they look they look really reliable okay so that's where i'm headed so for you guys and gals that want to follow along okay if you you might already have a brokerage account somewhere else okay they may not allow you to trade on a thousand dollars a lot of them i know td ameritrade i think you have to have and things may have changed but i've had the big account for quite quite a few years now but when i signed up years ago i think you had to have 2500 2 000 or 2500 to trade futures now you know i don't know what it is nowadays but on each way it looks like you can do it for a thousand or less all right so if you're interested and you want to follow along on e-trade you'll wait till after tonight well i can confirm whether or not we can trade the futures okay and then for you that want to get into futures i'll put the three-part series in the link i mean in the description below this video go watch the three-part series okay it's worth it take your time watch it it'll help you understand futures and then if you want you can open up an e-trade account move a thousand bucks for maybe from your current brokerage account or your bank or whatever and get the e-trade account up and running okay for the futures account and you can start trading futures on the on the cheap guys again don't do it until i confirm tonight that we can actually trade with a thousand dollars or less okay so i'll confirm that probably in tomorrow's video if i confirm that then the next step is i'll probably probably be over the weekend because i'm slammed i got a lot of things going on but i'll confirm over the weekend that i can get the streaming going and try to figure out how to get all the streaming working okay and uh and then we'll we'll fire up a video and i'll tell you guys when i'm gonna do my first streaming okay so that's coming that's coming probably in a week or less we're gonna be doing our first live stream i don't think it's gonna be a big deal but i'll you know come on to the e-trade if we have a trade available on on like something like the e-mini wheat then i'll just place a trade you know for those who want to follow you can follow it okay you know it'll be it'll be pretty cool because i know a lot of people who have small accounts are going to be very interested in following this i think it's going to be really awesome okay so stay tuned for that look out for the announcement on that okay getting pretty excited myself right trading trading the small account getting excited okay let's switch over to see what happened in the marketplace today and did i have a profit or loss okay so give me a second i'll switch over to that right so okay we're over here on the e-mini s p 500 futures upper left-hand corner here that's es these are the december contracts now you know i know a lot of you know this but for new viewers i normally trade the e-micro which would be mes which the continuous contracts are are really just the december contracts okay all right so let's take a look at this maybe i'll get these candlesticks i guess we'll keep it on these candlesticks that's fine all right but i would like to get rid of this i think this is the open interest line let's get rid of that open interest see ya all right so what happened here today well you know here's this range guys 28 28 and a quarter now yesterday i said today would be a red day okay i admit i was wrong last two days guys i'm the first to admit completely wrong all right i said it wrong had a guy a couple trolls come on my channel yesterday they're like you three out of four wrong you know just quit you need to just like you know just you know stab yourself slit your wrist you know kind of stuff they didn't say that but you know i'm uh i'm elaborating right oh that was pretty funny i'm like i'm like really here we go you know i mean all this time in here guys from from somewhere just like back up to here through almost all of this down i was probably like 80 i think it was even higher than 80 eighty percent of the time i i didn't really do the exact days but eighty percent of my trades were profitable trades probably higher like 85. okay maybe even 90. like nine out of 10 trades those profitable i did have a big now somebody mentioned that i didn't mean that i didn't um i didn't uh tell you all about a trade ad going on i thought i did guys if i did not then you know forgive me but i did have a 4k loss i think that's the trade somebody was asking about i had a short side trade and yes i took a big hit it was a 4k loss yes it sucks but it happened if there was another one guys and i didn't show you my apologies okay i've been super busy maybe one of the trades got you know got by and i just didn't share with everybody okay so if that happened my mistake okay but today and i'll show my profit loss in the end of this video okay anyway today's range 28 and a quarter okay um you know last night actually for like half the night late i was up to like one or two o'clock in the morning and i was up about 200 bucks i kept it kind of small i just had a few contracts going on and i was up just not quite 200 you know it was like a i can't remember what it was like 168 bucks or something i was up kind of small little profit okay and uh and i got really tired around two o'clock two a.m so i went to bed and i had an oco order there right if you don't know what oc order is that means one cancels the other one council you can check that out so i had a stop-loss on one side and i had a uh you know a limit or on the other side but i had set my clock for 6am yeah i went to bed like just before 2am i went to bed i got up at 6am so you guys you know when you're when you're doing all the things i'm doing which by the way i also run a business well i'll talk maybe i'll talk about that but i only got a few hours of sleep and got up and i noticed that the the the uh the position was working against me a little bit so i just closed it okay so i'll show you that profit loss at the end of this video but anyway so it was actually trading down last night for for half the night and today was kind of small and for a while you know i thought we were going to get one of those uh evening stars because it was looking you know right around like 11 a.m my time it was looking looking kind of evening starts but it finished fairly strong here so this is definitely not an evening star um you know we'll just see we'll just see what happens i still think we're going to get a cycle on the 24th or either that'll be friday the 22nd okay sorry about that looking like a bunch of z's either the 22nd or the 25th because because the 24th is a sunday okay so i'm not sure when this cycle is going to end and i'm still not convinced that we had a cycle low over here okay so i'm waiting to see what's going to happen um honestly guys and gals you know i've been i was wrong these two days big time right here so i'm really reluctant to say anything you know i don't know what tomorrow's gonna do here's the thing i really thought today if we were gonna have a green day i thought it would just go to all-time new highs i'm like if you're gonna have a green day i thought it was just gonna bust through and just you know go up to whatever you know go to 45 75 or something you know i thought we'd get up in there but it didn't it hit this big old resistance boy this mouse is giving me a hard time it just hit this resistance at like uh 45 32 and that's it it just stalled you know there's obviously a massive you know trend line right there a horizontal trend line right and you know the money flow is just coming to a screeching halt because you know guys these are free markets right nobody they're not being manipulated no not at all uh cough cough right that's why i just happen to come right up before the the all-time high and put on the brakes yeah okay anyway um so we'll see what happens you know i i honestly don't know what's gonna happen i really thought today if it was gonna stay green i thought i would just break the ultimate new high so i'm just gonna i haven't really traded much i've been very patient last these last like three days two or three days in here i've been very patient because you can see we've got down here to stoich i mean the big daddy you can see how elevated this is you know we're at 404 which we're not in the nosebleed section of the bleachers yet if this gets up to i know this big daddy forecast forecast uh uh really well i think it's up into 430 plus area guys then we can say nosebleed okay then we'll really be keeping an eye on it but we're not there it is elevated now what does stand out to me is how massive this momentum is huge momentum and it's very elevated right now 86 and 75 86 on the fast line and 75 in a slow line that's elevated guys that that right there is as elevated as it was over here and even over here that's very elevated okay so you know i'm not gonna say tomorrow's a down day because you know how y'all i'm bat a thousand last two days on call getting wrong calls on that okay um let's look at the vix now somebody commented about not understanding why the vix went from 16 to 19 or something like that that's because guys the vix spike is just because we moved to the november contract not because of more volatility okay so if you don't know the every month the vix expires and all forward-looking contracts in other words we were at october you know yesterday was october contract and it expired yesterday okay so today we started the november contracts for for the vix down here for the vix okay so so the the october was trading around 16 and november was trading around 19. okay so when it switches over just to make it
just jump straight up to 19. that's why you're seeing this spike here it's not because there's real volatility spikes just because of change of contracts okay everybody understand that go look at december contracts guys you can go look at the december vix contracts i think it's if you want to know what that is i think it's forward slash v x december is going to be z if i remember right 21 okay if you look at that i guarantee it's going to be even higher than 19 bucks would be it probably trading like a 21 or 22 or something i haven't looked at it okay so that's how it works all forward-looking fix contracts are going to be trading higher than the older contracts okay so don't let this startle you like oh my gosh there's been a big jump what's going on the analysis is wrong your analysis stinks dude yeah last two days it does yeah i'll tell you what guys and i mean this sincerely if any of you can find a youtube channel that gets every single and first of all the requirement is they have to tell you every day and forecast the market every day i don't want to hear any nonsense about generic they don't oh we only look at the long term we don't go day to day i don't want to hear that okay i'm not saying those are bad channels i'm just saying that it's easy to forecast way out in the future you know because you never no one's ever going to call you on it six months later right because everybody forgot all right but when you're doing day-to-day analysis that's the hardest now analysis guys hands down the hardest okay and that's why i get the trolls because no one's gonna get right 100 of the time okay like i said from here to here i was i got it right probably 85 to 90 of the time admittedly in these last few days right here i've been way wrong it happens but anyway like i was gonna say if anybody can show me a channel on youtube that gets it right every day and i don't you're just sometimes or they're these guys are really good no no no i want to know they get it right every time and you have profitable trades every day on their recommendations actually i don't give recommendations i'm not a financial advisor i just share my educational opinion here okay but that's the requirement okay just talking to all your trolls out there that's a requirement show me a youtube channel they get to write every day and you trade based on their videos and you make money every day based on those videos i'll be the first to subscribe and i mean that sincerely i'll go subscribe right now and i'll trade like you do and i'll be a millionaire in a month okay and that's my response to all the trolls so there you go trolls i know they'll still troll me that's okay trolls are welcome too unless they get nasty then i delete their comments and if you don't like it oh well that's too bad move on to some other channel i just know that right now we have really super high momentum and at some point this thing's going to roll over just like we had there just like we had there at some point it's going to roll over does that mean we're going to have some massive crash heck i don't know i really honestly don't know but it will roll over and that's the confirmation i'm looking for i think one of my subscribers kind of had a bad day and i won't mention any names for those who had some bad trades you know i feel for you i really do you know what don't quit don't give up like i said i had my 4k loss i think it was last week of the week before i had my 4k loss okay i think i guys i don't remember what i made in here i maybe made 12k you know i don't really know i didn't track every single penny maybe it was 10k i think i made 10 or 12k in this area gave back about a third of it yeah it hurts it stinks but i've made more than i've lost and you know and overall i'm a happy camper i've been playing it cool last few days like i said okay i'm waiting for confirmation not because i have a short side bias just because this thing looks like it's a balloon about to pop and today you know with this hesitation bumping up against the all-time high you know we're like almost got up to it but didn't i'm in a wait and see mode guys i'm just waiting to see because i think something's gonna give here i just don't know when okay guys i'm sorry you know it's i don't know why uh td ameritrade like already cleared out my profit loss for the day i don't know what they're doing you know sometimes brokers you know anyway i had a small loss here guys it was about um i think because i had a little i had a you can see i had 25 contracts i traded between last night and today i think i if i remember right guys it was about 137 negative okay something like that i don't know why they cleared this out i don't i have no idea they usually don't clear this out until midnight i don't know what they're doing anyway it was 137 loss guys i was up about 168 or close to 200 and then at 6 a.m i think it was 7 a.m i closed it out i was down like 168 and then i made one little small trade for like five contracts and got some of it back so there you go 137 negative guys um you know whatever small little stop-loss day it wasn't a big day um and there you go so i promise keep my i kept my promise okay i get my promise i'm showing my i'm showing my profit loss for the day this is only one of the few trades i've made in the last few days i haven't really been doing a lot of trading okay um and let me mention one other thing i actually have a small business where um i'm in texas and here in texas you know i might have an opportunity to actually refine some crude oil you gotta love texas guys we're this is very business friendly uh state okay no personal income tax very business-friendly i love it here i was born here and i love it here okay anyway i might have an opportunity to to refine some crude oil okay and i'll finish up the video with this so what it's for those that may be interested i think i might launch another youtube channel if i do i'll let you know for those that want to follow along on small business you can okay and i'll when i get that going i'll announce it but um basically i'd be refining crude oil uh probably into three primary products this kind of products you'd go to your gas station you would buy one would be obviously gasoline okay the the other the big one would be probably the biggest one be diesel and there might be some kerosene in there those are the three big distilled or refined products that we would get out of crude okay so it'd be a very small operation but i'm looking into it i'm getting some equipment in looking forward to that when that happens guys and gals for those that are interested i'll announce it and you can click on the link and go to the new youtube channel and subscribe there if you want to follow along and see how small businesses operate okay so some of you guys and gals i know you're not just as interested in trading but you're also interested in maybe profiting in small businesses that'll be a great opportunity for you small entrepreneurs they may want to follow along with that okay so look forward to that i'll announce it when it comes out okay now that finally ends the video for the day boy there's a lot going on in my life right don't forget to subscribe really appreciate it give me a thumbs up appreciate that too don't forget to click that little bell be notified of all of those we put them out talk to you all real soon again next time
2021-10-21 19:40
