How To Grow a SMALL Trading Account FAST in 2024 (My 3 Step Plan)

over the last few years I grew a small account where I was making a couple of $100 per trade to now where I am making a couple of ,000 per trade let me walk you through the five steps you need to follow to do exactly what I did and a strategy that you can use that only takes 90 minutes a day to execute so you aren't spending hours and hours at a computer you can go and live your life the first thing to figure out is what Brokers to use this can 100% depend on where

you are in the world but go with the larger brokerages the smaller ones can often be unregulated or trying to scam you in some way and brokerages are so competitive now that the fees are practically the same across the board and so going with the bigger ones is actually safer for you the brokerage I use is called ninja Trader but if that isn't available in your area the other great option that's available pretty much everywhere is trading view now when it comes to dat trading you can't day trade normal stocks if you have under $25,000

in your account and that's a massive amount if you're trying to start small there's a rule called the pattern day trading rule that says you can't have more than three trades in 5 days which is if your day trading isn't a fun rule to try and deal with but Futures which is another asset you can trade doesn't have that rule you can start with an extremely small account and take as many trades as you want also Futures trade almost 24/7 allowing you to trade any time of the day no matter where you are if you

want a really detailed walkthrough of how Futures work I'll link my in-depth tutorial on that up here as a basic thing is Futures allow you to get a ton of Leverage around 450x if you're trading the S&P 500 this is why you can make really good returns with a small account of course there's risk involved but there are ways to protect yourself you want to First figure out your risk tolerance how much you planning to risk per trade I always say you should start initially with a simulated account because you want to figure out your

strategy and everyone makes mistakes when they initially start out and mistakes in trading lose you money but when you are ready figure out how much you want to risk per trade I currently risk about $600 to $700 per trade but when I started out it was way lower like 50 or 100 per trade now massive blunder that I made that I think lost me a couple years of successful trading was having a bad risk reward ratio you need to figure out what kind of risk reward ratio you want to go for so when you're risking

like $50 when you start out how much profit are you targeting for every trade there's a lot of information out there that has a strategy that they say oh this strategy has a 95% win rate but when you look at their risk reward ratio it's because they have a really bad risk reward ratio where they're risking something like $50 to make $25 and that might seem good initially but but when they lose it's a big amount and takes out multiple wins and I've realized over time it's way better to have a positive risk reward ratio

anywhere between 1:1 or 1 to3 where you're risking $100 to make $100 or risking $100 to make $300 this allows you to make more from your wins than losses and even though your win rate won't be as high because to have a risk reward ratio like that your trade has to go farther in your favor the math will play out in the long run and it allows you to make more from your wins and losses and even though your win rate won't be as high the impact of your losses won't easily blow up your account

and when you're starting out that is everything success in trading is about staying alive when you're first starting out and staying alive is not losing money and blowing up your account when you're starting out I'd suggest go for something super simple like 1:1 or 1:2 risk reward ratio where you're risking $100 and you're just going for $200 a win now when it comes to safely growing your account risk percentage per trade is really important I would not risk more than 5% of your account on any single trade when you first start out because this is

again is protecting you from potentially blowing up your account and getting washed out of trading or having to put more money that you don't want to put up into trading I'd say it's best to not risk more than 5% of your account per trade even when you start but once you grow that size reduce it because the actual money gets to be too big right now I risk about 2 and 1 12% of my account but the dollar amount is now larger and I don't have the risk tolerance to deal with risking more dollar per

trade it's a balance between percentage but also the reality of how much the money affects you when you're putting up you know $11,000 per trade that's an insane amount of money and it takes time time to be okay with that and especially confidence when you first start out trading and so even when you start out $50 might be a lot and so it takes time to grow that mental strength to deal with the volatility of trading I remember when I first started out betting $100 or 150 and taking that loss was really really impactful and

now where I'm at that seems like a really small amount of money but it's about going through that growth phase and figuring out where you are are in it everyone is at a different point start where it makes sense for you and grow from there now big thing with trading is growth there's a lot of poor ways to do this and a lot of bad information making you think that it might be really easy to grow a small account to hundreds of thousands in just one year when it comes to trading you have to think

of it as percentage the S&P 500 on average does 7 to 9% a year and that's really good good gains and so if you can trade and make something like 20% per year that can be really insanely good too think about if you're trading a million doll account and you make 20% return that year that's $200,000 but if you then reduce that to $1,000 and you make 20% return which is still really good you're only making $200 that year which seems like nothing and a complete waste of time and so that's where trading is hard

initially because you want to make that return but the the real power of trading is that exponential growth and that ability to make massive amounts of money when you get to that point of having a really big account now I started an account with $5,000 a couple years ago and I grew it 100% in that year which is an insane return but it's still only $5,000 that year and so that's where you have to disconnect from trying to make a lot of money right away and instead instead focus on learning and mastering the strategy because

it would still take you years of 100% gain per year to start making a large income that could potentially replace your full-time job and it's unlikely those gains happen consistently and even making that 20% is still a massive impactful percentage when it comes to the reality of gains you can have trading and so the way to get around this is go into trading and building your small account with the plan of you are practicing and mastering your skills it's not about the money right now and over time your account will grow and when you are

ready you can add onto your account once your risk tolerance increases and you have shown consistent profits because if you start with as little as $500 even 100% growth every year which is amazing is going to take you a decade to get anywhere reasonable and now those percentages can't be just done over one trade the idea is this is is done over a ton of Trades showing consistency anyone can get lucky with one trade it's about showing consistency over the long run with a good amount of Trades I wouldn't consider adding on to your account

until you're consistently over a whole trading year with real money then the second goal of this is to start to scale up your account so you can actually start making that impactful income you were looking for trading you can even add more money to your account to increase your trading and risk size per trade and grow your account faster if you think the risk is worth it and you're confident in your abilities but again I wouldn't do this until being consistently profitable with real money on a smaller account because trading takes a long time to

really prove that you're consistently profitable you can be profitable for your first month but you could have just got lucky you need to prove that you can be profitable when the market is good and bad for your strategy it's easy to make money when the market has good movement but when all of a sudden it switches and you aren't experienced with dealing with that it can catch you off guard and you can blow your account up really easily now none of this matters if you do not have a strategy that you can consistently work on

mastering every single day let me now walk you through the strategy that I have used for the last 3 years to grow a small account into a larger one we're going to go over three different size trades throughout that process so I can show you the different steps you want to be taking at each phase of the process so over the years I struggled a ton with trying to find different strategies that worked and I eventually realized that making it as simple as possible and trading only one strategy in pattern was way more successful for

me and so what I do is all I look for is key areas of resistance and support and I trade reversals off of them so anytime the market comes up to a resistance level I look for a couple key patterns and I bet the Market's going to go down and I make money as the market either goes down and then when it comes down to a support level I close out of the trade or if I am not in a trade I look for the pattern to show up and then I make money as the

market goes up and so for me I found this works way better and I'm able to take a small amount of risk and then profit a larger amount having that really good risk reward ratio and so this trade right here this is with a tiny tiny account my risk on this trade right here is I think about $40 at the time and so this is my stop- loss up here if the market comes up here and hits that I will close out of the trade at a loss and so this is a big thing when

you're trading is you always want to have a stop loss in place and you don't want to ever move it farther away and increase your potential risk on the trade because that is a really really good way to accidentally blow up your account and lose more money than you meant losses in trading happen you just have to accept them and move on to the next trade and so that's all I do every day I go into the market and I look for reversal trades and it keeps it super simple sometimes a reversal trade doesn't show

up but that's totally okay and again I am trading the mees Futures here if you want to learn more about Futures check out that video that I linked I traded this size for quite a while and slowly grew my account you can see here I'm up about $90 on this trade and I was risking about $40 and so that's about 2 and 1/2 times my risk and from there I was able to close it out at about if I just zoom forwards because this is a recording from a trade years ago I closed it out

at about $85 it looked like there and so that was a really nice gain especially if you're on like let's say a $500 or $1,000 account that's a really really good start to your growth and so to jump forward in my trading I was growing account and now in this trade right here I risking about $150 and I'm going for that fixed risk reward and so I'm going for 2X and so if the market comes up to about here I will make about $300 and so that's important when you first start out is go for

a fixed risk reward ratio it'll make it simpler on you because there's already so many things to figure out and focus on in trading and so if you look at this trade right here the main things if we start to look at why I'm getting into these trades is I am just looking and reading the price action or the candlesticks of what's going on and so I'm looking at the market is clearly in a downtrend right here and it has some kind of big movement here and then a big flush lower here and you can

see it comes down to this support level that I've previously drawn and so again we're looking at a one minute chart here that's what I like to trade you can trade this on on really any market and time frame you want because again all you're looking at is reading the candlesticks of what they're telling you but for this support level down here I actually draw it on a 15-minute chart the whole idea of looking at a larger time frame is if looking at a 15-minute chart here is looking at the key areas all I like

to look for in my support zones like this or resistance zones is I like to see the larger picture of where the Market's bouncing and so that's how I draw these levels is seeing that okay the market is bouncing let's say here twice and so I can draw this Zone and see that okay well if the market comes down here again I can look for it to bounce there again potentially now I'm not going to go over the five key concepts of how I draw these support and resistance levels in this video but you can

check it out right here and so with this trade I just wait for the market to come down to one of these levels and then I look for a couple key factors of course I always like to make sure that the downtrend is broken in so you can see it had a really nice methodical downtrend here it broke that and then what is happening right here is I like to see is the Mark has made a very clean flush lower and what happens in that case is it can think of it like a rubber band

rubber band stretches and then it can snap back because there's that elasticity and force trying to pull it back to equilibrium and so the market acts like that a lot and it can do that and so when it does that down to a support level like this like I've drawn it's more likely to do that the key that I really liked about getting in here is you can see the market basically made a double bottom is the market came down here bounced I don't like buying that first bounce cuz you don't know what's going to

happen the market could bounce briefly and then just keep going lower it's hard to trade reversals and so you have to have a few key Concepts and so then I waited for it to bounce again it had a really nice strong bullish Candlestick here and then I jumped in the trade right here and I put my stop loss down here below the previous level where this support Zone was drawn off of and so that's how I used to look for these key areas and take trades off of and you can see there boom I closed

out at looks like about $350 on that trade and that's a really nice win and that's way larger than that $84 that I made in that last trade so this is how the growth happens over time and so now jumping forwards I'm risking even more portrayed as this process continues and so how you want to be doing that is when you're risking let's say $100 well you can increase it to 150 because that's a 50% increase in size that's really big and then maybe you can go to 200 if you felt like that's still a

big increase and then maybe from 200 you can go to 300 and then 300 you can go to 400 450 it's all about finding that balance of what works for you and then as well what you can start to do is you can start to change how you manage your trade and so initially you know I would go for that fixed risk reward where I'd risk that $100 and I'd always go for that $200 of profit now I have realized over time that I can start to read the market a little bit better while I'm

in a trade and this is a skill that develops over time D learning to do this when you first start out I would not recommend it I would stick with keeping that fixed risk reward and then learning to manage over time because there's a it's very emotional when you're in a trade it's it's a lot of pressure and a lot going on and you know seeing the candle sticks like this move and your dollar amount move up and down is very very stressful and so when the market goes against you you know it opens you

up for making mistakes more than you could when you just leave it at that fixed risk reward ratio because then you allow just the Nath to play out but over time I changed this I said you know what I think I can do it now I want to try this because I think that I can manage this and go for a more fluid risk reward where it's like you know sometimes I make 2x on a trade sometimes it's three sometimes it's four or five and so it it opens you up for having a really a

fixed amount where on this specific trade right here I am risking I think about $600 per trade and this trade makes way more than that it goes somewhere down here or even further off the screen making me about 5x that is a really really big key when it comes to managing your trades and how you change your trading over time but again when it comes to my actual strategy it's always Remains the Same I always have a fstep checklist and process that I go for in every single trade so let me take you through that

five-step process right now so you have a little bit more understanding so first thing is always drawing that either support or resistance Zone and just wait for the market to get there and so looking at here the Market's come up here once it's come down here come up here come down and so I think there's a pretty clear area of support down here at the lows and resistance down here at the highs and so when you you know just go to the right you kind of wait for the market to come up into this resistance

area again and then you dive into a smaller time frame cuz again this is on a 15-minute chart and you look for these few steps to bet the Market's going to go lower and capture a really nice risk reward ratio and get a good return on that trade and so then I'll dive into a one minute chart and wait for the market to come up to that level and so that's step one is just being patient and waiting for it to get to these key levels trust me I've tried finding more levels looking at you

know a one minute chart like this and being like Oh the Market's bounced here bounced here maybe there's a support level there I'll take a trade I've lost money doing that more than I've made stick to the key levels it sucks being patient but just do it trust me it'll save you a lot of money and headache being patient and cherry picking for the best trades is really how you make money day trading you don't have to make a ton of Trades every day to make money it's more about taking a small number of Trades

that are consistently profitable and so step two again is going back and looking at making sure that uptrend is broken and so you can see here I have this trend line drawn I kind of Drew it matching this low right here this little pullback it had and then even this little pullback it had here and so you know it started to kind of break that line here but I always like to go along with the rule of it needs to be clearly broken and I would say it was clearly broken after this red candle stick

closed and broke out of that the next step in this is looking for a couple of patterns and so I like to kind of think of training as like a domino effect and kind of a big picture medium picture small picture and so the big picture is looking at that 15-minute time frame and seeing where the bigger overall trend is and then going to to a one minute chart and reading okay what is the smaller trend on the 1 minute we need to wait for that to break and then even smaller is looking at okay

what is a pattern a Candlestick pattern that shows up when it gets to that level and so in this case what I see is the market has a lot of big momentum right here again think about that rubber band effect we just talked about these three candlesticks if we kind of draw what happened there is the market shot up here and then over the next two candlesticks it kind kind of sold off and so to me that is the market making an attempt to break higher and it being rejected if the market was going to

have really a lot of strength here I think it it could have a little bit of a pull back here and and then keep going or even here it would pull back here and keep going and break out but you can see here it made a double top and then that attempt to break out right here actually stopped lower than this previous high right here this is slightly lower than the last one if you look at those candle wicks and then it started to fail and so exact same thing is it's that rubber band effect

of it failing if you just look over here you can see the exact same thing happened is the market had a nice methodical Trend going higher you know the candlesticks are about the same size it starts to pick up speed boom all of a sudden three big candlesticks over 3 minutes shoots the price higher and then you can see there's some it it starts to go sideways and then all of a sudden boom it goes back lower that's exactly how rubber band effect works and so this is just kind of a smaller version of that

and having that coupled with what we're seeing here really helps of having it be at that level the trend breaks after it makes this double top and then the final thing I like to look for is that momentum start to switch and so this right Candlestick right here this massive bearish one that is a amazing indicator of yeah the the momentum is clearly switching the only problem with this size of Candlestick is I like to put my stop loss of where I'll get out of the trade if it goes against me above that previous high

right here and if you see here well if you enter here and put your stop loss all the way up here well that makes your risk very very big and so you can still change how much you're risking you can have a enter here and a stop loss here be $100 and you can have this stop loss right here be $100 as well it just depends on how many shares or contracts or whatever Market you're trading you trade you know maybe you just trade one share here and it takes three over here but the biggest

thing with that is realizing that well if I enter here and my stop is here and I'm risking $100 to make $100 well the market has to go all the way down here versus over here well if my risk is right here well to make $100 it just has to go right here and to make 200 it has to go here and so you know if you compare that to over here you're making about $300 when this trade over here makes only $100 and so that's something to keep in mind don't go after these that's

I would say that's kind of chasing and so you have to find a middle ground right here where you can see this is showing a nice rejection and to show you exactly where I entered the mar made you know this double top and then these two bearish candlesticks breaking that down Trend and so I put a buy order or technically a sell order right below that previous low of that candle and so then the market broke that low I thought that was just a a nice little micro pattern breakout pattern to get in on I

got in I got technically three contracts and so here I'm I'm shorting the market I'm betting that the market goes lower I make money as the market goes down and so I put my stop- loss up here had a fixed amount of risk and then from there the I let the trade play out and so now I have a more fluid management sty so here you can see I moved my stop loss to break even and so if the market decides to come down here and go against me I can get out without losing money

I've taken risk off the table and so you see down here there's a previous support level that I've drawn and so that's something to be aware of of okay we're getting down to the lows you know even though this isn't a big support level that I want to take a trade off of well the Market's moving down so quick it could bounce here and you know I'm up over three times my risk you want to get out of your trade when you start to win and and make a good amount of money right cuz again

thinking about that rber band effect you don't want to have come down here and then snap back on you and then all of a sudden the market moves really fast some kind of news popped or something and so at that point you know I start moving my stock down really quick and decide to close out you know I have this little downtrend here but letting it come back all the way here that's a massive amount of money I would rather get out at you know about 5x and you can see now it's $3,000 per trade

and so that's a lot of money that starts to mess with you even when you start to get used to it now this is just a simple tutorial quickly going through this I have just uploaded a complete master class that will take you from beginner to knowing everything you need to know about trading no video on YouTube goes this in depth into building you the foundation for your trading success