Gaining Confidence to Quickly Build a Small Account Swing Trading

Posted July 14, 2024

As promised, we are putting the finishing touches on a new video series that teaches 2 great strategies to build a small account rapidly this year and beyond.

After 15 years and thousands of trades, these are the 2 strategies that have the greatest chance to grow a small account quickly in our opinion. And a lot of top traders would agree.

We just saw a few more opportunities last week that fit the strategy rules. And its not a coincidence that the 2 stocks in the higher price ranges worked great while penny stock and low priced stock strategies failed many bullish patterns.

In the latest site survey, many of you mentioned that you want to build your confidence when trading to rapidly build a small account after trying strategies taught elsewhere.

Today lets go over how to build confidence and how to save yourself thousands of hours of research to uncover the top strategies for rapid account growth.

Building Confidence – Use A Risk First Approach

The 2 strategies in the new course both use a 2.5% to 4.5% stop-loss with around a 2 to 1 reward to risk ratio with a very high win rate with an average hold time of 3 days or less.

Before coming up with a trading plan or a new strategy, you always want to identify ways to reduce risk. It builds a lot of confidence when you are only risking 2.5% to 4% on each trade while using strategies that have a very high win rate.

So even if you use a large position size, the overall account risk is still low per trade.

In fact, it may be a lot easier to take this approach than to have 15 positions with a 10% to 15% stop on each. Your overall account risk is actually much higher if the market turns over hard on you. I like a 4% account risk myself and go to cash if a big, sudden event occurs that the market has to price in.

Building Confidence – Stick with Only the Highest Percentage Trades

The course shows you how to find the very best catalysts and technical patterns, how to qualify them and exactly how to trade them.

There are a whole series of checks that the stock and catalyst has to pass before getting to a very high percentage trade.

In the course we also have a special module for “lunch time trading”. So if you work full time, the course shows you how to quickly find a great swing trading opportunity you can get into on your lunch break at work. Again, using a tight stop-loss to gain even more confidence while not disrupting work.

The first strategy in the course should give you about 40 to 80 trades per year. This lunch time strategy will give you another 50 or more during most years.

Building Confidence – Just Start Small

In the last blog post we showed what happens to an account if you average 6% per trade, compounding your profits over 100 trades.

In fact, if you can average 6% per trade, you can start with a very small amount, quickly double your money and then take the initial money out.

At that point, you have no risk as long as margin is turned off on your account since you already took out the initial capital.

But you can see how quickly you can grow an account with aggressive position sizing, a high win rate strategy and while using a 2.5% to 4% stop-loss. The Kelly criterion calls for 70% or more position sizes for maximum account growth with our favorite strategy.

You should also start on a simulator to make sure you have all the rules down pat and can quickly navigate through your trading app on your PC or Smart phone. You can also see how powerful these strategies actually are on a simulator first. This also builds your confidence.

Building Confidence – Start Small But Just Do Not Buy Small

This strategy does not involve venturing into the dangerous parts of the market like penny stocks, stocks under $10, options or meme stocks.

So when using these strategies, you want to start small but not small in terms of the stocks you buy. Micro caps, meme stock, and options really hurt your win rate, increases drawdowns and can negatively affect your confidence.

So stay away from the small stuff and you will have a lot more confidence.

Building Confidence – Work with Someone with More Than 15 Years Experience Swing Trading

Back in 2012, we made the bold claim that a new strategy we developed could be a 5 to 10 bagger in just 5 years.

We launched the 3 Stocks to Wealth service soon after in 2012 and over the next five years it did just that for those carefully following the instructions each week.

In fact, those using the simply weekly instructions the next day could have made 3,000% over a 9.5 year period during the last bull market since we launched the service using NO margin or options.

Now we have 2 new strategies that, when combined, could generate over 3,000% in less than a year and a half. And this is with much less risk than other aggressive strategies promoted online. And these new strategies again use NO options, penny stocks or margin.

Over the past few months we have been discussing how to really grow a small account quickly on the blog with a lot of great tips from someone who has been trading for over 15 years.

Building Confidence – Go with a Pro Instead of a Memester or Social Media Personality

Early this year we featured many stocks and trades on the blog and nearly all of them worked out great after featuring them on the blog. Not sure what else we can do to show how well our strategies can work during a bull market.

These 2 new strategies will require just a few hours per week, will require NO expensive follow-on services, require NO expensive trading platform and is great for those working during the day.

All you will need is a smart phone, internet connection and a little bit of money to open a trading account with Schwab or another online broker and download their trading app. And, of course, some discipline to follow through on the simple daily instructions.

So you will not have to study thousands of charts all weekend, go through countless training videos and waste your time on trying to manage dozens of trades. In fact, you will be in cash about half the time during the week on average using these strategies. Further cutting risk. The average hold time will be 3 days or less.

Other courses and services that do not even come close to being as good as what I am about to show you are being offered for thousands of dollars per year.

But you will get a MUCH better strategy to a grow a small account quickly for a fraction of that just for being a past customer.

Past Customers should look for the pre-launch special offer in your inbox in the days ahead.

We just saw 10 opportunities that met the rules in the new strategy in June through the beginning of July that would have very rapidly grown a small account. And the win rate is still running around 80% in the less risky price ranges even after including recent IPOs in their first few months.

These ideal swing trades that meet our strategy rules are coming up more and more even outside of earnings season which is a great sign for things to come.

And with these swing trading strategies, you will NOT have to worry about the PDT rule either. And you can start with a few thousand dollar trading account or less. Commissions are now free with most online brokers.

Look for the pre-launch special offer in your inbox in the days ahead with lots of valuable bonuses included.

If these strategies do not work for you after 10 trades, just send us all your trades on a simulator and I will personally spend an hour with you and troubleshoot the problems to help you get back on track quickly. A $1,000 value free.

And, no, the answer will not be “watch thousands of hours of boring general technical trading info”. I will tell you the rules missed or errors in your execution and how to quickly correct them.

These strategies are already optimized with very specific screens, qualifications, entries and exits.

How to Grow a Small Account Quickly in 2024 – Part 1

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