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A new breed of traders have piled into the market, many of them have small accounts.

Robinhood has more than 13M users, and the typical Robinhood account ranges from $1,000 to $5,000, according to JMP Securities.

That figure may seem like a large sum of money to some, but to be honest…

It’s a drop in the bucket when it comes to trading.

However, that shouldn’t deter anyone from learning how to trade.

After all, I started with $15K and was able to turn my small account into more than $10,000,000 over the course of my career*.

I received an overwhelming response from readers, asking whether there is an easier way to grow small accounts.

Sure, and I want to show you some of the techniques I used to grow my small account…

But it’s probably not what you think, and what you learn today may shock you.

 

It’s Not Impossible To Grow A Small Account…

 

I don’t know what it is with new traders… but they think they have to hit home runs to grow their account.

I mean I thought that way once before too…

But to be honest with you, that only caused me a lot of pain.

You see if you’re constantly thinking about your returns and how much money… it can actually cause more harm than help.

If you’re focused on growing a small account, typically the first thing you think about is nailing one trade to help you double your money.

Sure, it may work, but it’s not a viable long-term strategy.

It only takes one trade where you get too big, and a press release comes out… and the stock moves against you, and you lose your shirt.

I’ve actually found some easier ways that helped me stack up when I first started trading:

  • I didn’t take on too much risk in relation to my account size
  • I had realistic goals every week
  • I only focused on my best setups
  • I always had a plan in place

I think that’s the bare minimum if you’re serious about growing a small account.

To this day, I’m not focused on hitting home runs. However, from time to time, I will nail large winners.

When I first started trading, I was working a 9-5 job as a real estate analyst. My goal was just to make some supplemental income every week, I knew I wasn’t going to be an overnight success.

I tailored my strategy to my wants and needs and only focused on my best setups.

I also knew where I wanted to get into a stock, where to take profits, and where to stop-out.

Let me show you an example…

 

 

Last week, my highest-conviction trade idea was in Workhorse (WKHS).

Why?

Well, the stock suffered a major pullback and the news was out. However, Tesla Inc (TSLA) was set to report earnings and I figured the electric vehicle space could run up into that event.

I had a plan in place and executed*.

 

 

Of course, I locked in my gains once it reached my target*… and the stock continued higher.

Could I have made more?

Sure. But if I held, I wouldn’t have been sticking to my plan, and that would go against my trading rules.

For me personally, when I first started trading…

It was important for me to only focus on my bread-and-butter setups, that prevented me from overtrading and actually saved my account.

Since there are so many new traders in the market who have small accounts, I wanted to try to teach as many of them as possible.

That’s why I put together this short training clip.

Inside, you’ll learn how I was able to grow my small accounts and get an inside look at my most popular service.

Watch now.

 

*Results presented are not typical and may vary from person to person. Please see our full disclaimer here: ragingbull.com/disclaimer

 

Author: Kyle Dennis

Straight outta college Kyle Dennis taught himself to trade, and then made over $7 million in trading profits by the time he was 28 years old. Kyle reveals how to find, track, and profit from lucrative trades for exceptional profits. Thousands of traders follow him every day to learn how to target these high probability trades.

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