$50 to infinity real quick

Starting to Journal my trades for motivation, discipline and consistency.

I will be starting with $50 equity and the goal is to double the account every week.

My trading style is a medium to long term swing trading approach, using daily harmonic patterns and support and resistance.

I will be risking 10% per trade and will post trades after I take them.

Here's to no longer being broke.

This is what I am looking at for the coming week.

Looking for a pullback on the S&P downswing to sell at around the 61.8 fib which is around 2551.15.


Looking for a pullback and candlestick signals to sell around the 78.6 fib.


Looking for a pullback to the 78.6 fib and a signal to sell.


Also eyeing yen pairs for bearish potential however the main instrument I am looking at is the S&P 500.

First trade in, went long GBPJPY.

First 2 trades were duds. Down 17.5%.

Tweaking strategy a little bit.

small account swing trading will take a lot of time and will drain ur energy + patient
and if you want to double ur account swing trading is pretty hard i think .
try to stay in profit is a better mind set than doubling in the long run
and never never never ever not putting stop loss on ur trade
and move your stop loss if you can , market can change anytime

I agree with you almost entirely. Trading on small account does need a lot of patience which I fail at most of the time . I am looking at experimenting with both swing and intraday positions and see where I get. Of course stops are a MUST.

Cheers.

I use cent accounts for small amounts, more flexible and less time consuming. I do my charting once a day and then leave my trades + lot of limit orders all over the place and focus on my daily job.

But good luck!