The document provides advice for new traders on how to manage risk and grow their capital over time from an initial $500 investment. It recommends starting with small $10-15 profits per trade, keeping stops losses at 2% and take profits at 4%, and gradually increasing position sizes as profits are made. Following this approach of taking few losses and letting wins run, traders can grow their capital to $1,500 or more within a few months while gaining experience and mastering their psychology.
The document provides advice for new traders on how to manage risk and grow their capital over time from an initial $500 investment. It recommends starting with small $10-15 profits per trade, keeping stops losses at 2% and take profits at 4%, and gradually increasing position sizes as profits are made. Following this approach of taking few losses and letting wins run, traders can grow their capital to $1,500 or more within a few months while gaining experience and mastering their psychology.
The document provides advice for new traders on how to manage risk and grow their capital over time from an initial $500 investment. It recommends starting with small $10-15 profits per trade, keeping stops losses at 2% and take profits at 4%, and gradually increasing position sizes as profits are made. Following this approach of taking few losses and letting wins run, traders can grow their capital to $1,500 or more within a few months while gaining experience and mastering their psychology.
Say your capital is $500, don’t target for anything
more than $10 $15$ per profit per trade for at least a week.
Never go beyond 25% margin, EVER.
If someone is mentoring you or you have reliable
source of signals then make even if your 3/5 trades go right, you would be in decent profit.
Keep your SL at 2% and TP at 4%, if you win 3/5
trades, you would be in very good profits irrespective. Once your profits take your capital to $700+ in a week or two, then you would be able to increase your TP to 5% and SL to 3%.
It goes beyond $1K in a month, you are in a
position to take high risk trades where you either make $100 or lose but you’d be in profit in the end.
Now you start taking trades by yourself, without
signals; margin max $100, 7x leverage. If 3/5 trades are going right then again gradually take your capital to $1,500 with the help of very very few signals but majorly your own signals.
Now you’re standing at $1,500 in 30-45 day with a
fewer loses and few wins because of your right risk management which I mentioned above, now you would only take sure trades with again 20% margin and max 10x leverage. Now you’re in a situation to lose 200-300$ easy because even then you’re in very good profits, now you’re free but still now you would take fewer sure trades, 3-5 trades a week are easy to find if you’ve spent decent amount of hours in the market.
Now after all this practice, you have gained control
on your psychology and emotions, because that’s how you have been trading since the beginning. Now your fewer traders would make you easy $100+ into 2 a week, with 2% SL and 4% TP strategy.
Now you have mastered the most important hurdle;
risk management, psychology and emotions, now you would be able to trade freely with say 2K$ in two to three months, you would be able to take trades by yourself + fewer signals.
After the entire practice, you would be easily able
to make 10%-20% every week of your capital with the help of strategies I have mentioned, if you religiously follow this then you could easily take your capital to at least x10 in 4-6 months. That being said, it does sound tough? Yes, it does but if you’d follow the TP and SL strategy then there’s no way that your capital would depreciate, rather it would grow gradually.
It’s not as tough as it sounds.
Good luck, you’d need patience but you’d make it
eventually.
Street free*
These pages were created and arranged by Rattibha
services (https://www.rattibha.com) The contents of these pages, including all images, videos, attachments and external links published (collectively referred to as "this publication"), were created at the request of a user (s) from Twitter. Rattibha provides an automated service, without human intervention, to copy the contents of tweets from Twitter and publish them in an article style, and create PDF pages that can be printed and shared, at the request of Twitter user (s). Please note that the views and all contents in this publication are those of the author and do not necessarily represent the views of Rattibha. Rattibha assumes no responsibility for any damage or breaches of any law resulting from the contents of this publication.