Small Account Challenge Key Takeaways
- Learn how I train students with small accounts to be self-sufficient and trade through anything.
- See the first 2 trades I made with my new small account.
- Could a small account be your ticket to a gift from me? Learn more now!
Many day traders start with small trading accounts.
If this sounds like you, keep reading … I can teach you to grow your small account.
The stock market’s a high-risk/high-reward environment. The more money I use to trade, the more money I can win. But that also means I could lose more.
If you want to survive in the penny stock niche, you’ll need to learn the ropes ASAP. That’s where I come in.
I want to show you what’s possible. Check this out…
Table of Contents
What You Must Know at the Very Beginning
Learning to day trade penny stocks might be the most frustrating thing you’ll ever do. I remember when I first started out…
Stocks would spike hundreds of percentage points, but I had no idea how to predict their massive runs. But I kept at it. (Read more about my trading journey — get your no-cost copy of my autobiography here.)
My top students all forged their own paths in the markets, but there’s something they can all agree on…
Trading can be really frustrating in the beginning.
People get into stocks to make money. But that’s the wrong mindset! I know. It’s counterintuitive, I know. But the best traders I know learn the importance of focusing on the process first.
So forget about the profits and work to find your strategy.
Read on to see how I’m growing my newest small account with the first two trades I’ve made…
Small-Account Challenge Trade #1
Notice this stock’s price. It was trading at half a cent.
And my percent gain was incredible! Most blue-chip stocks only move a few percentage points every day. I took the meat of the move.
Small-Account Challenge Trade #2
Not every trade will be a winner. Get used to it.
My second small-account trade was later in the day on December 16. Illustrato Pictures International Inc. (OTCPK: ILUS) released news related to electric vehicles. That’s been a hot sector for a while.
In the afternoon, I bought it on a dip at $0.385 and ended up cutting it at $0.38 for a small loss.
This is the key to penny stock trading…
I only lost about 1% on that trade. That’s critical! Keep your losses smaller than your wins. That’s how you grow a small account. Cutting losses quickly is my #1 rule for a reason.
If you always wanted to learn how to trade penny stocks … now’s your chance.
Think you have what it takes?
Time to start studying!
Are you excited about this small account challenge? Comment below and share how much you’re starting out with. There are no wrong answers!