Warrior Trading Blog

Day 9 of the Small Account Challenge +$799.18 | Ep. #10

Day 9 of the Small Account Challenge +$799.18 | Ep. #10

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This has been an incredible week for the small account!  I started on Monday with $1200 and I’m finishing Friday with nearly $4500 in profits.  I’m up over 600% since I first started trading in the small account 9 days ago.  I’m extremely excited that the first 9 days have been so strong.  I’ve had 29 consecutive winning trades and I’ve built up my cushion to the point where now if I do take a loss, I’ll be able to handle it.

Even though it’s been an incredible week, I’m only 1/5 of the way to my $25k goal.  I’m reminding myself this is a marathon, not a sprint.  I’m eager and excited to build the account, but I can’t let myself take on too much risk and have a setback.  I need to build 1 brick at a time, knowing that brick my brick, I will build a foundation that I can turn into $100k in profits.  It just takes time and I can’t rush this part of the process.

As you watch the video below please feel free to add comments & ask questions!

1 Comment

  • Johnbosco Odek

    January 17, 2017 at 4:23 am

    Hi Ross. What is your risk Management Strategy? How do you plan every individual trade, do you for instance just load up the optimum number of shares your buying power can afford you? Or do you calculate the amount of shares per trade based on how much you are risking on that trade? For instance, say your stop on a trade in 20 Cts away from your entry and your risk on the trade is $100 (calculated as a percentage of your equity not buying power and not more than 2%) you’d only take 500 shares..If you employ this risk management method, your equity growth will be slow but sure. Don’t you think the risk management approach you applied to this trade (building the small account) is extremely oblivious to risk and any mistake could lead to a wipe-out, especially for rookie traders?

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