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#Shorts #TradingTips #SmallAccountDayTrading
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โ ๏ธ (**Results not typical or guaranteed. Past performance is not indicative of future returns and financial investing is inherently risky.)
#Shorts #TradingTips #SmallAccountDayTrading
Fastest way to grow five or ten thousand dollar account otherwise known as like a small account anything under the PDT and I Hate to be the bearer of bad news here, but the answer is actually going to be kind of quite inverse. You need to stop looking for huge gains on any account size. Really, it doesn't matter how big or small your account is, what's going to help you the most is consistency. and so that's going to be really honing and focusing on one setup, one strategy and not deviating from it.
Eliminating your degenerateness that makes you want to gamble on some random stock that's moving really focusing in and taking the best trades. You're going to minimize losses that way you know. focus on your a plus and you're going to get good risk reward out of it. So by increasing your win rate and by dropping your risk right by going for a higher reward lower risk, you need to focus on like one or two key setups and by focusing on those and staying consistent, that is actually going to be the fastest way to grow your account.
Great advice ๐
The key is focusing on your edge 100%. Pick the stocks in play that are liquid and wait for that "A" Plus setup. Backtest and get your screentime in ๐
Great vid Bryce!
…And a small account means swing trading doesn't it? I don't have a small account, I have a Nano account.
And once youโve proven to have that kind of mental discipline, perhaps consider becoming a shaolin monk. Or joining a seal team.
good advice! Also I was looking at $gains not % gains. Now I look at % gains