Small Trading Account Plan
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This is perfect for a small account to grow fast and safely. Most people think you need 20%+ a day to grow your account when really you only need 5% a day to double your account every month. Also you may not trade everyday but if you can make just 1-2 trades a week which equal to 25% long or short you will hit targets. For most experienced traders this seems easy, and it is! Yet most new traders go for huge gains and risk huge percentages or don't cut losses quickly, then if they get a lucky trade they then over trade and lose it. HIT YOUR TARGET AND RUN! However... You MUST still have a solid trading strategy long and short to be able to accomplish this DO NOT randomly trade saying i can get 5% easy!
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To learn more about day trading strategies read the other Educational content or join my free chatroom. (Screenshot this below to remember that 5% is all you need)
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Starting Balance - $3,000
5% A day target
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READ:
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Each month i add the profits to my current balance and increase my $ size to increase faster growth... All my trades are the same $ Size until i reach the next month and i can increase. I will start trading with $2000 on month 1 as i don't want to use my entire account. (Same for every month)
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Profits:
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Month 1: +$2,000 Account Balance: $5,000
Month 2: +$4,000 Account Balance: $9,000
Month 3: +$7,500 Account Balance: $16,500
Month 4: +$10,000 Account Balance: $26,500
Month 5: +$15,000 Account Balance: $41,500
Month 6: +$25,000 Account Balance: $66,500
Month 7: +$35,000 Account Balance: $101,500
Month 8: +$50,000 Account Balance: $151,500
Month 9: +$75,000 Account Balance: $226,500
Month 10: +$100,000 Account Balance: $326,500
Month 11: +$100,000 Account Balance: $426,500
Month 12: +$100,000 Account Balance: $526,500