How to grow a small account exponentially in 2021. Day Trading

hello guys dux here welcome to these videos and today's main topic will be how to grow a small account in 2021 since there's a lot of stuff has been changed in the last few years there's higher volume casting there's different resistance and there's different sector for us to trade too before i start this video make sure to click the like button and subscribe let's get into the video so to grow a small account what i consider is anywhere between three thousand to ten thousand dollars and i do understand a lot of people wants to have

a decent method because we have a small account it is relatively challenging to grow a three thousand dollar account into thirty thousand and potentially into a hundred thousand but uh there is a way to do it so i'm today i'm going to give you the most efficient and most effective way to grow three thousand dollar account exponentially to a higher amount so overall there is a three structures or three discipline that i follow so first one will be you need to find a clear edge which means that you have to find one type of pattern

that can give you over 85 winning percentage for you to consistently grow your account without having a hiccup in the middle and you can't really focus on too many patterns at once because you don't really have the equity to do it so that would be one of the mistakes that beginners tend to make in their early stage of trading career the second discipline i follow is that once you find the edge you have to relatively increase your trading size because when you only have a 500 account or a thousand dollar account it's really hard to

make a hundred dollar a trade or a 300 a trade because at the very beginning you want to start make some money that's relative to the account size let's say that you have a three thousand dollar account and you're only making twenty dollars thirty dollar per trade that will take you a very long time to um be consistent profitable and get used to the size that you want to start making relatively decent money so uh you will need to have a decent risk management of how much you want the risk at where you want to

cover and to be really good with your entry and exit and to find what's your average cover point what is your average entry point just in a broad area making 10 to 20 dollars per trade is a decent practice to get the rhythm of the market but you will have to start going into a bigger size to really have a basic understanding of what's a real risk management and how to really manage your account size by trading multiple times in a week so the third discipline that i use is you have to be consistently making

money without making many mistakes but we're beginners will still have tons of mistakes to make in the future so uh i made this plan to protect me from blowing up in the future that i don't really have a second chance to trade in this market no more so what i do is i will have a 3 000 account i will grow it into six thousand and nine thousand i will have two three thousand dollar backup account if i tend to make a mistake in the future and i blew up my first account i will still

have a second chance for me to um still follow my path and also to learn from my mistakes so i won't make the mistakes again a lot of beginners tend to put their money in one basket and that's where they tend to make our biggest mistakes and they will never have a second chance to trade again so those are the three discipline that i follow up today i wish i know those three disciplines earlier in my trading career but hopefully you guys can take this tip as you're trading otherwise and let's dive into a little

bit more detail about risk management so um as i said that when you have a smaller account you want to sizing a little bit more than people that have a 30 000 account or up to a million dollar account there's two different risk management for you to really understand uh how to really manage different account size i understand a lot of you guys don't have a bigger account in general of a basic understanding that if you have a smaller account you want a sizing based on percentages with a bigger account you want to sizing in

based on how much dollar you want to put in into this specific ticker so for example when you have a three thousand dollar account you want to size in fifteen percent to twenty percent of your equity into this specific trade now for me i split my patterns into three different sections so section one will be the pattern that has over eighty percent winning percentage which will be first red day bounce short oversting gap down second section will be pre-market breakout panic dip buy and when i see that a pattern has a 85 winning percentage i

tend to sizing anywhere between 20 to 25 of my equity you can choose how much you want to size a name based on the pattern's winning percentage which will give you a decent risk reward ratio and also um you can prevent big losses because the lower winning percentage pattern are not very consistent so you can avoid losses basically by sizing in smaller now for bigger accounts when you have anywhere between one million to two million you want a thousand uh 800 900 000 in one taker that's where it gets a little bit tricky because when

you have a huge account and in this small cap industries that they can only accept 300k maybe 400k in one taker because there's only limit amount of flow only the amount of people are trading it so there is a limit to how much money you can make when the flow is only three million to five million and market cap is under 100 million and that's where you have to be really careful once you hit the cap you can only season in certain amount of money into one trade so that's one of the problems for bigger

accounts but for smaller accounts all you have to care about is how to manage your risk correctly and don't have to worry about liquidity issues and that's where you can grow your account much faster and people have a bigger account in terms of percentage gains for all these disciplines let me repeat myself again first one will be you have to have a good winning percentage pattern doesn't have to be more than two if you have one that's the best that you have to keep consistently tracking your statistics to find your edge second one once you

have many patterns you can build a risk management system on different patterns as i said that you can sizing much bigger into a ticker that has 85 percent winning percentage you can size in smaller into a pattern that only have 60 winning percentage the last one is that you have to protect yourself all times and if you tend to make your mistakes it's okay many people make mistakes the problem is that you have to make sure you can keep consistently trading this market to gain experience in the future so um make sure that you have

either one or two backup accounts to support your trading career and that should be really helpful for you to be consistent profitable in the future alright guys that will be end of this video uh let me know if you have any more questions or any topics you want me to cover make sure leave a comment below and don't forget to drop that like button i will see you guys in the next video you