This 50 dollar small account, is now up by almost 40 percent. That’s right!
Download Official Trading Rush APP (Thanks): https://bit.ly/tradingrushapp
Support the Channel on Patreon (Thanks): https://www.patreon.com/tradingrush
Trading Merch for Best Traders: https://teespring.com/stores/trading-rush
MACD Trading Strategy tested 100 times : https://youtu.be/nmffSjdZbWQ
Trading Strategies Tested 100 Times : https://www.youtube.com/playlist?list=PLuBdu9GKAoP4shAZd6QnM5BJUy1-IcnyD
Trading Strategies : https://www.youtube.com/playlist?list=PLuBdu9GKAoP6MEtX7stfzTGx62M5r3F4Z
Trading Tips and Mistakes : https://www.youtube.com/playlist?list=PLuBdu9GKAoP6lPl2txSXE8AlkhiwgWU2O
Download Excel Sheet for Day Trading : https://youtu.be/fLKd7uKZOvA
Subscribe For More Videos.
I was able to gain another 20 percent in the last week. Before I show you the trades I took in the last few days, I want to answer two questions about this small account challenge. Number 1. Why I didn’t post the results of this challenge in the last week. And Number 2. Why there are the words “stock market” in the title of this small account challenge series. Lets start with the second question. Since part 1 of this challenge series, the words “stock market” were in the title of these videos. Is it not wrong to put stock market in the video title, when I only traded Forex?
I added stock market in the title, because I was going to take trades in the stock market. Since I started this challenge with 50 dollars, trading stocks was little expensive. I could not keep my risk per trade under 2 percent. So I traded Forex. My plan was to grow this small account safely with Forex. Once I make a small profit, I will use that profit as a buffer while trading stocks. In simple words, If I had traded stocks from the start, there was a high chance that I would have blown up my account, since I would had to risk around 5 percent per trade.
So, instead of risking my original amount, my plan was to risk the profit, and create a buffer. That way, even if I lose few trades at the beginning, I will only lose the profit, and not my invested amount.
And that’s what I did last week. In last four episodes of this small account challenge, you saw this account grow by around 20 percent. In the last week, I took one trade on USD JPY, and made another 2 percent profit.
These small account kind of videos are supposed to be fun, entertaining, and educational at the same time. Once I created enough buffer by trading Forex, I took some trades in the Stock market. The first trade was on Netflix. I lost this one. Trade direction was right, but got in a little bit early. Like I said, I created the 20 percent buffer, for this reason. When I lost the first trade on Netflix, I only lost some of my profit, I didn’t lose anything from the amount I started with.
Next trade was a small winner. Third trade ended up break even. But 4th trade was a very good winner. It was on Netflix again. Same trade direction as the last Netflix trade, but this one made a profit.
There is a reason why I was risking more on the Netflix stock. I didn’t randomly picked this stock. The reason I picked Netflix, is because of the Fundamentals. That’s right. Because of the current , most companies are not making a good profit. Most people are stuck at home with Nothing much to do. Now, Netflix is a video streaming service, you already know that. If everyone is sitting at home, there is a high chance that they will have time to watch Netflix. People who didn’t had a Netflix Subscription before, will think about getting a Netflix account, because there is not much to do at home. In other words, Netflix will gain a lot of new subscribers. In other words, Netflix stocks can go up!
5 Realities of Automated Forex Trading Software
There are many automated forex trading software program available on the marketplace but is it really worth it? With all the hype, do they in fact work as well as what is the worth in them? In this write-up, we experience different factors to choose whether YOU are best suited to any kind of sort of software.3 Reasons Why Medicine Professionals Make Good Forex Traders
The foreign exchange market is the biggest market of the globe; there is a significant quantity of placements traded on a daily basis, around 1 trillion dollars. People with various backgrounds desire trade money for revenue, in my experience medication specialists have the ideal results. Check out extra to learn why …5 Best Golden Rules of Currency Trading
Listed here are my 5 best Principles to Forex Investing. They’re valuable rule of thumbs to aid you keep the right track as well as entering the best direction.The Resemblance Between Marriage and Currency Trading
My experiences in life are infiltrated my investor eyes. For instance, the other day I went to a wedding event and also realized that there is a whole lot of similarity in an effective marital relationship as well as a lucrative job as a foreign exchange investor. Check out more and also judge for on your own …What To Look For In Your Trading Mentor
Knowing what to search for in a trading mentor is essential. They will be your overview to success.3 Top Reasons You Should Not Worry About Losses in Currency Trading
Did you ever before assume that someday you might stop stressing over losses? Reviewing this article truly needs to assist you realize why periodic troubles are typical, which you need to approve they are part of the offer. Find out more to find out why …Why The Exchange Rate Matters When You Go To Another Country
It is a great concept for any person either taking a trip or spending to keep an eye on international exchange rates. As different countries’ markets fluctuate, their currencies often alter just as quickly and this can cause a person’s cash to be worth significantly more or less over a brief time. Not taking notice of a foreign exchange rate when transforming cash can be a certain fire method to be in for a large shock and also potentially a big loss.