I tacked on some small wins to my track record yesterday, and it got me thinking:
You know what’s an underrated part of any trading strategy?
Momentum.
As traders, we all struggle with patience.
We want the big gains now!
We want that CHEDDAR!
And fast!
But there are no traders or investors on the planet that only bank big winners.
We gotta celebrate those smaller wins – and lean into a more patient trading strategy.
Let me show you what I mean, and why you can’t have the bigger wins without the smaller ones.
Yesterday, I closed out two trades in META.
They weren’t barn burners. One paid out +6%, and the other +5%.
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
A 5% gain isn’t going to catch any headlines, I know.
But “small” wins like these are actually really great.
First, and most importantly, they’re NOT LOSSES!
Any day you keep your money in your account is a good day.
In my Small Account Journey, I’m very open about how focused I am on protecting your capital.
When you have a small trading account, you can’t take big losses.
So you grab those 5% winners when you can!
Second, they’re still WINS!
Any day you ADD money in your account is an even better day!
You’re still moving in the right direction.
And because of that, you’re building momentum.
It’s like a baseball player who always gets on base.
No, he doesn’t put up flashy numbers. But he’ll always have a job because he’s getting results whenever he steps in the batter’s box.
That’s what we’re doing some days: stringing together base hits.
But – and this is important – now zoom out.
Those base hits add up.
Take a look at my last month of trades:
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
Of the 18 winning trades I made, FIVE of them were single-digit winners or breakeven trades.
That’s over ¼ of the winning trades.
But they add up over time.
In the big picture, I’ve been able to use those single-digit wins to add to my account.
And I started with just $2,000 in that account… now it’s over $26,615!
Not to mention – that base hitter in baseball? As long as he keeps making contact, he gets chances to hit home runs.
And he’ll hit them!
I’ve had plenty of bigger trades over the past month, among those smaller wins.
Heck, I closed out FIVE winners yesterday – the others were +24%, +14%, and +10%.
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
So I added $1,045 to the trading account yesterday.
And that number would be a lot lower if I didn’t have those “base hit” trades in there.
This is what is so great about the Small Account Journey.
There’s a clear goal driving us, and a measuring stick that we can use to keep us focused on forward momentum.
I start with $2,000.
I aim to grow it to $100,000.
And I share what I’m learning and doing along the way.
Because we have clear start and end points, we can measure the momentum we’re building… the progress we’re making… and the success we’re having.
What gets measured can be improved.
Do you want to string together base hits like those META trades?
Do you want to build momentum into your trade plan?
Most importantly, do you actually want to make PROGRESS on your investing goals?
Eat, sleep & trade,
Jason Bond
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