Warrior Trading Blog

Day 4 of the Small Trading Account Challenge | Ep. #4

Day 4 of the Small Trading Account Challenge | Ep. #4

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We have come to the end of the first week of the Small Trading Account Challenge.  I’ve successfully grown this account by 106% and will start Monday with about $1200 in equity versus my $583.15 starting balance.  One of the things I said on Day 1 was that the first 5-10 days would be the hardest.  Right now I have to be so careful about which stocks I’m willing to trade because I literally can’t afford to make mistakes.  One mistake could set me all the way back to square one.  Fortunately, I’ve had a little bit of good luck this week.  Out of 11 trades, I’ve had 11 winners.  100% accuracy is exactly what I needed to start this challenge!




Scaling Strategies

Today I began to use scaling strategies a little bit.  Buying in 2 blocks and selling in 2 blocks.  This allows me to be a little more aggressive with position sizing, but it also doubled my commissions.  Because I sent more orders commissions amounted to 30% of my profits today.  I need to be careful about scaling too early because the commissions will cut into my profits.

Going into next week I will continue to be extreme selective about what I’m willing to trade.  Trade the best and leave the rest!





  • Stormi

    January 6, 2017 at 10:45 pm

    Great job, Ross. You are so impressive. Unfortunately, I ended the week terribly and finished in the red. Over trading. Plus, I don’t know, I notice that something happens to me when the bell rings. I loose all common sense.

  • Jeff

    January 6, 2017 at 11:23 pm

    Hey Stormi,

    That is totally normal and we have all experienced that! Email [email protected] to get some more insight on this!

  • Martin

    January 7, 2017 at 1:25 am

    This is amazing! Before I even knew about this I started my own, but not a challenge cause that’s my account size! LOL send me an email please I’m interested with joining your room.

  • Jon Reynolds

    January 7, 2017 at 10:48 am

    Love watching this, because it puts it in a perspective that’s so much easier for noobs to digest. I’ve totally bombed on the simulator starting out. Blind swinging trying to get a trade or two in before work. Decided to back off it a bit until I’ve repeated the first several chapters and vids several times. I don’t want to create some stats I’ll never live down, so slow but steady. Thanks for everything!

  • Lin

    January 7, 2017 at 1:10 pm

    Thanks Ross I appreciate you breaking down your strategies and what to look out for.
    99% of the people that I talk to says that is basically impossible to trade with less than 5k preferably 10k to 20k min and you are trying to show that it is not. I agree that is much harder and any mistakes can set you back big time. Hopefully you will be successful and share with us your victory and strategies along the way by the end of the month deadline.
    Please continue breaking down your strategies so we can have a blue print of the steps to take and the things to be careful with.
    Stormi, regarding your reaction to the market opening like Jeff said is totally normal.

    One GREAT book that Ross recommended and I’m reading and is helping quiet down that little voice (greed or fear of missing out) is called Trade Mindfully by Gary Dayton. (Amazon) Is a How To book that will explain what and why happens with you (based on several traders that he interviewed) and what to do. Is like working in out, you need to practice over and over again until you build up the muscles that you want is not a read and you are done..but is worth it if you stick to it.

    Good luck and good trading

  • Jeff

    January 9, 2017 at 11:30 am

    Hey Martin,

    Thanks for the kind words! You can always sign up for the room here: https://www.warriortrading.com/day-trading-chat-room/

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