Many new traders seek the best methods to successfully grow a small trading account. The keyword here is “successfully”! There is no doubt money to be made in the stock market. Most of you are coming to our website today wanting to make money yet have small trading accounts (under $30k in equity).
I also know you want to grow your trading account successfully. And contrary to popular belief, trading smaller amounts can benefit new traders.
If you can relate to my description, keep reading; I’ll show you how to grow your account!
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Table of Contents
Four Ways on How to Grow a Small Trading Account Successfully
- How to grow a small trading account successfully
- Open a paper trading account
- Get good at trading in a small account
- Become a master at one trading strategy
- Don’t set unrealistic profit targets
1. Get Good at Trading a Small Account
On the surface, this might not make sense, but if you can’t continuously make profits with $1k, how will you make profits with $50k?
If there’s no real evidence you can make money trading with real capital, starting with all your money on the line makes no sense. Your focus in this game is to learn how to make your small account grow. Even if you have the $50k available, I don’t recommend funding your account with all of it because you need to be good at trading in a small account before you should ever consider putting more money on the line.
Your job is treating your $5k trading account like a $50k one. With every trade you make, you should protect at least 98% of your account.
So, for a $5k account, your risk should only be $50-$100 per trade. Likewise, with a $50k account, you’re risking only $500-$1000 per trade.
Remember, the goal of a small account is to find your edge, follow your rules, and master your strategy. Or, in other words, learn your how. You’re not trying to hit home runs here, folks; first base is enough.
2. Master One Strategy
A sound trading methodology is one of the most effective ways to succeed in day trading. Likewise, to make money consistently in the market, you must first master a strategy like the bull flag momentum trading strategy.
I recommend first defining your strategy, building a trading plan around it, managing risk effectively, and following your plan exactly.
If you can do these things, you will see your trading account grow, albeit slowly but consistently.
Your trading strategy is the only thing you can control in trading. Your results should be the result of 100% trading strategy and not guesswork.
Before you put real money on the line, paper trade everything first. You can develop, refine, and paper trade your system.
Paper trading may seem boring, but it is a fantastic way to learn how to order entries and exits work and, more importantly, learn from your mistakes without losing real money.
SERVICES |  |  |  |
|---|---|---|---|
| DESCRIPTION | Bullish Bears offer trade rooms in our Discord. Our chat rooms include penny stocks, large caps, options, and futures | We offer stock signals and trade alerts through our watch lists and Discord bots using Tradytics | Swing trade and day trade watch lists with hand-picked symbols that have the best chance of breakouts. These are stocks to watch |
| INCLUDED | Trading courses • Live streaming • Discord • Real Time Teaching • Scanners & Bots Trade Rooms | Watch lists • Symbols • Support and resistance levels • Discord bots and scanners Trade Alerts | Swing trade watchlist • Day trade watchlist • Alert levels mapped out • Watch lists updated daily Watch Lists |
3. Don’t Set Daily Profit Goals
I can’t tell you how many people ask questions like ‘How much money do I need to make $1,000 a month’? Or how long do you think it will take before I can quit my job?
There is no judgment here, but people who ask these questions miss the point about success in trading. Success is defining and refining a strategy, sticking to your trading plan, and always following your rules. Profits that will come are secondary.
Some days, there are multiple trading opportunities; other days, none. That’s just the nature of the beast. Unfortunately, if you’re of the mindset that you “need” to make $500 a day, you’ll be prone to over-trade and force trades with low-quality setups.
4. Set Realistic Expectations
Is it possible to grow a $5k account to $50k in 6 months? I don’t. But I do believe it is possible in time.
You won’t get rich overnight, so please set realistic expectations. Instead, concentrate on trading your system consistently and refining it when necessary. Trading is a marathon, not a sprint.
Final Thoughts: How to Grow a Small Trading Account
Join us today if you want to avoid the common mistakes of new traders. Around 80% to 90% of traders lose and leave the industry altogether depending on who you talk to. We’ll show you why they fail so you can learn to avoid the common mistakes early.
