Hey hey, what's up my friend, so in today's episode i want to share with you how to grow a small trading account while trading part-time right. So here's the deal right most of you have a full-time job right now trading. You know you're doing it part-time. You have a small account, so how do i you know make the most of this small account and you know grow it consistently over time right.

So so here's the deal okay, uh, first and foremost right. What i find that is really important, especially for those of you who have a small trading account is this: you must regularly add funds to your trading account. So let me repeat once more because i think this is so so important. If you have a small trading account, it's fine right, but if you want to grow it right into something sizeable something worthwhile in the future, you have to regularly put money into your trading.

Account right - and this is especially so right if you know, once you really have consistency in your trading - you have identified your age in the markets. This is the next step that you must do right regularly. Add funds to your account. So let me give you an example: let's say you have a trading account that you start with with a thousand dollars right and your trading strategy.

It makes about 20 a year, and you compound it right for the next 20 years. That 1 000 will turn into 38 337 dollars and 60 cents. That's that's math right. You can do the compounding yourself and you realize that's the answer you get.

But on the other hand, let's say you have the same 1 000 account. But each year you regularly put in a thousand dollars into your account. There's additional funds to trade. Just another thousand more each year, right again same compounding right.

You make an average of 20 a year and after 20 years right, your amount right will snowball into 262 363 and 20 cents. Man right now, you're met it's amazing yeah because it's - i have another monitor that gives me the answers over here. So you can see that there's a lot of difference right between adding funds and not adding funds. If you don't add funds right, you have about 38.

000 after 20 years and compounding for 20 at 20 years, if you add funds regularly each year, just a thousand dollars each year, you end up with 262 000. So can you see the difference over here? So, can you see that if you want to grow your small trading account put in an effort to regularly add funds to your trading account, no matter how small do it consistently right and let the compounding effect you know, do its job? Okay, so that's the first tip that i have for you number two trade off the higher timeframe. So when you are, you know, trading part-time, you don't have the luxury to be staring at monitor all day right. You probably have a full-time job right.

You probably can't devote more than one two hours a day to trading. So that's where you want to trade off the higher time frame, because the general rule of thumb is that the higher time frame that you trade, the less screen time that you need and that's because right on the higher time frame, let's say the weekly time frame. You need one week to paint one candle on a weekly chart, so, needless to say, right on the higher time frame, less screen time is needed, so trade off the higher time frame. That's number two number three: when you trade off the higher time frame right, it's uh! It's a fact that you'll get less trading opportunities because the market takes more time right for your trading setup to unfold itself.

So to combat this problem, what you want to do is number three is to trade, more markets. So, for example, let's say you only trade fx markets right now, you want to consider branching into let's say the stock market. Sorry there are thousands of stocks out there and if you also trade, the stock markets on top of your fx, you find more trading opportunities, even though you're trading off the higher time frame. Okay and the fourth thing, is this systemize your approach? So, let's say if you trade stocks and and the russell 3000, for example, there's 3 000 stocks in russell 3000.

And if you want to trade, let's say you know: breakouts or trend. Uh trend, continuation, trades, it's going to be very cumbersome to click every single chart. All 3 000 of them to find your trading setup. So what to make your life easier? You can use like a scanner to make your life easier.

So, for example, let me give you an example: let's say you, trade, the stock market and you want to identify stocks which are in an uptrend, so use a scanner right. There are paid ones, there are free ones, but the free ones. Some that i can recommend is a thing or swim, use their scanner and just scan the stock markets, for example, stocks that are that uh scan the stocks according to the roc, the rate of change right. So you want to identify stocks right that has the roc value, let's say over the last 52 weeks.

So what it's going to do is going to list up the stocks right ranking from high to low those stocks with the highest roc values over the last 52 weeks will be ranked at the top. So what this means right is that the list of stocks, those at the top right, are simply stocks right that have increased the most in price over the last 52 weeks, and from that lease, let's say from the you scan in the russell 3000: you can just Pay attention to maybe, let's say the top 30, the top 40. and those top 30 top 40 stocks chances are, they are in an uptrend and again you don't have to manually scan all these 3000 stocks. Just use the software to do the work for you.

Just google it answers is all out there. Okay, so so again do the work right. It's something that i just keep coming back over and over again. You have to be willing to do the work.

You can't expect me to spoon feed you, i'm really giving you the the nuggets of tips to make your life easier, but you know videos like this. This type of you know uh short. Ten minutes you know show. I can't be explaining the process the steps, but it's all out there.

The answer is out there go and look for it. Okay, so that's the fourth thing right, systemize, your approach and and last part that i want to talk about systemizing. Your approach is that for those of you who, let's say, are more of a discretionary trader, uh trading fx markets right, maybe you don't need a scanner, but what you can do is that on a weekend saturday, sunday, when the fx markets are closed, you can do Your homework right identify potential trading setups that could occur the following week. Let's say you know you trade off the eight hour time frame right on sunday.

You can do your homework and identify you know on the eight hour time frame, which pairs or have potential trading setup. That could you know happen this week and and once you know which pairs are going to happen, you can just put it on a document. A spreadsheet and tell yourself to pay attention to this pass when the market opened this coming week. This is another way to kind of make your life easier, systemize, your approach, you know, uh, while trading part-time and last but not least, right how to trade, how to grow a small account trading part-time.

The fifth tip that i have for you is patience. Anything worthwhile pursuing in life requires patience because there's just no shortcuts. There's no get rich, quick schemes out there. When it comes to business, you must have patience.

If you look at warren buffer, possibly right. The richest investor you know today of all time i won't say of all time bye-bye. So right now he's you know the richest investor out there 50 years right, he took 50 years at compounding his returns at about an average of 20 a year 20 a year for 50 years to get to where he is right now, 50 years right. I think the most of you watching this right.

If i ask you to do something consistently for just five years 110 of what warren buffett does it's also asking a lot from you, so i want you to know right that you must have patience. You must let time be your friend right. You can't expect you know the shortcuts right the garage schemes right now. The instant gratification doesn't work that way anything worthwhile pursuing in life requires time or how about another example.

Let's say mark zuckerberg right, you know facebook. Okay, do you know that facebook, you know didn't start off globally? Instead, it started off just in the harvard uh university, just within harvard student itself, then it started opening up. You know to other universities, and then i finally let the world in right so again started really small right, just among harvard students, then it slowly expanded expanded to where it is right now or how about amazon started off just selling books online. Then he started.

You know adding more stuff to his invent to its uh store and now it pretty much sells everything and anything under the sun. Now it even has you know some cloud computing services and stuff like that. So again, all started off really small, right, patience and letting time be your friend. So it's the same for trading.

Your account might be small right now we all have to start somewhere right. Anything big right has to has to start small right at you know a certain point in time. So now you might be small, but hey that's the path that all of us have to walk. Slowly, right grow, your account be patient right and you know i believe you will get there.

Okay, so quick recap: number one: how to grow. A small trading account trading part-time number, one regularly advanced to your account. I explained why earlier number two: you want to focus on trading the higher time frame, because you require less screen time number three. You want to trade more markets for more opportunities.

Number four! You want to systemize your approach. Use. You know tools like scan scanners, to make your life easier and number five be patient anything worthwhile in life. You know it takes time to build right, so you got to be patient.

You got to be patient all right, so with that said, i wish you good luck and good trading. I will talk to you soon. You.