Are you serious about building a small account? — Transcript

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1. 0:00I haven't getting a lot of questions
2. 0:02that people asking how do you really
3. 0:04grow a small count and yeah I have came
4. 0:07there from before I started a little bit
5. 0:09higher but people want to ask me well
6. 0:12why if I have only three thousand five
7. 0:14thousand dollars I'm under PD Qi and I
8. 0:18can't really treat that much so what do
9. 0:21I do after that
10. 0:21so there's a few ways that I came up
11. 0:24with so first you to choose the right
12. 0:26broker there is Interactive Brokers I
13. 0:29started back in 2016 and you can start
14. 0:32with trade zero you can start with short
15. 0:35trader I think they'd accept account
16. 0:37under 25,000 so short traders and trades
17. 0:40over there both have really good shorts
18. 0:43availability and if you're over thirty
19. 0:46thousand dollar account you can choose
20. 0:47either Cobra trading center point speed
21. 0:50trader and whatever brokers you think is
22. 0:53the best for you so internet brokers
23. 0:56that have really really cheap
24. 0:57commissions so you can use it for deep
25. 0:59I'm buying multi-day breakouts and I
26. 1:03think it's the best suit for going long
27. 1:06on stock now for sure availabilities
28. 1:08I'll say sure trader speed traders
29. 1:12Richard Perle Centerpoint or trade zero
30. 1:14so whichever you think is the best
31. 1:17choose that one let's talk about counts
32. 1:19that it's around 3,000 to 5,000 now for
33. 1:22the best recommendations I will
34. 1:24recommend in terms of brokers so you
35. 1:27don't want to figure out how to sure yet
36. 1:29because you don't have that much
37. 1:32opportunities to waste and you can't
38. 1:35really have you can't really afford that
39. 1:38much mistakes at the beginning so you
40. 1:40first you need to find a really really
41. 1:43consistent patterns I'm talking about
42. 1:46even though they don't happen often you
43. 1:48don't want to go in full-time with 3,000
44. 1:50to 5,000 are ok I'm going to find a
45. 1:52really consistent pattern that we have a
46. 1:56consistent return but it doesn't really
47. 1:59happen that often what I've seen is one
48. 2:03of the best ripple pattern is define a
49. 2:05pretty I would say between large be car
50. 2:11to mid large me cap
51. 2:13when they have a massive draw down with
52. 2:16a moti that's a multi-day breakout and
53. 2:20it's a multi-day runner so let's say the
54. 2:24market cap is around I'll say one
55. 2:26billion to two billion when they pull
56. 2:28back about 20-30 percent it's going to
57. 2:31bounce it's going to bounce at least 30
58. 2:35to 25 percent now that's a pattern it
59. 2:37gives you really really consistent
60. 2:39return by really doesn't it doesn't
61. 2:41really happen that often I have tracked
62. 2:43about a year to happen about well I
63. 2:46would say 1020 times for a year but they
64. 2:49all have really really good consistent
65. 2:51return so you can basically make about
66. 2:54twenty to thirty percent in one go
67. 2:57and with a small count not a pitbull
68. 3:01wants to rush in and make a lot of money
69. 3:03you can't do that you have to slow
70. 3:06boomer count into the most comfortable
71. 3:08zone which is around thirty thousand to
72. 3:11a hundred thousand if you are into that
73. 3:13area it's really easy to make I would
74. 3:15say $500 a day $1000 maybe ten thousand
75. 3:18sometimes even twenty thousand dollars
76. 3:20per day but with a small count
77. 3:22you need to be patient and you don't
78. 3:24want to go in full time at the beginning
79. 3:25find a really consistent return pattern
80. 3:28and make sure you get that twenty to
81. 3:31thirty percent for those twenty
82. 3:33opportunities per year not for last
83. 3:36there's really really important thing
84. 3:38Ellen emphasized is your risk management
85. 3:41now I went through the five thousand
86. 3:46dollar risk management so let me give
87. 3:47you a really specific recommendations
88. 3:49that I came out with so first if you
89. 3:52have a five thousand dollar account the
90. 3:54total position should be around I would
91. 3:56say 700 ish and your risk will be around
92. 4:01$50 to $70 per trade and you're looking
93. 4:05forward to make a hundred two hundred
94. 4:07fifty dollars per trade now it seems
95. 4:11really small at the beginning but once
96. 4:13you start rolling and can snowball that
97. 4:15each time your percentage of your
98. 4:17account you pull out your risk per trade
99. 4:19for increase and also increase your
100. 4:23profit as well and since you have
101. 4:25already
102. 4:25in return and consistent pattern it will
103. 4:28be slow but you can grow your account
104. 4:30really really steady and once we get
105. 4:32into that thirty thousand and you're
106. 4:34over PDT your profit curve will increase
107. 4:38significantly
108. 4:40so to quarrel smile count don't be a
109. 4:42rush because you're under PDT and you
110. 4:44see a lot of people making money you
111. 4:46have to focus on yourself focus how to
112. 4:48improve yourself how to improve your
113. 4:50mistakes because in the bay people who
114. 4:53are making money who are losing money it
115. 4:55is you is not other people you can never
116. 4:57run somebody else and can these
117. 4:59implementations but always trust your
118. 5:02own judgment and always always be
119. 5:05patient don't get emotional at the
120. 5:07beginning you don't have risk too much
121. 5:08just find that one pattern that works be
122. 5:11patient wait for it and get the
123. 5:13execution better and better now
124. 5:16once you grow into the comfort zone and
125. 5:18start learning into other strategies and
126. 5:20you always have this consistent return
127. 5:23pattern to back you up with the mistakes
128. 5:25that you will discover or try out on the
129. 5:28new patterns so love you all and thank
130. 5:32you very much and I will see you guys
131. 5:33next video
132. 5:41[Music]