How to Grow a Small Account: Lessons with a Six-Figure Trader
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- เผยแพร่เมื่อ 24 ต.ค. 2019
- Do you struggle to maintain the right mindset as you’re growing a small account? You’re far from alone! Welcome to our new segment, the Trader Spotlight with Tim Bohen. Today, six-figure trader Dom Mastromatteo tells you how he maintains a solid trading mindset. Check it out!
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Good trading can be SO boring. But here’s the thing: if you approach trading looking for wild emotional swings, you diminish your chances of finding consistency.
If you have a million different strategies and approaches, how can you find what really works for you?
You need to test and track - high price, low price, long, short, and so on. You don’t necessarily have to try every strategy. But you need to try a lot of things. And you have to track everything you try, then go back and review it all. That’s how you can discover what works for you and what doesn’t.
You won’t master it all. You’ll struggle with certain niches and strategies. That won’t necessarily change with more experience. Just because you can profit from it, doesn’t mean you’ve mastered it. Always ask yourself if it’s worth the trade, the mental capital, the risk, and the reward over time.
That can help you find your focus and stay there.
It’s easy to get caught up in the excitement of the market or successful trades. You have to learn to keep a steady mindset. If you start off the week or month strong, it can swing you into a false sense of security. You start to feel invincible...
Maybe you take bigger positions or become a little more aggressive or speculative … But what happens if you do that on the wrong stock?
You lose. And that can lead to more losses if you don’t check yourself. Your mindset can snowball fast. Should you celebrate wins? Absolutely. But never think you’ve conquered the markets. They can come back and bite you HARD.
Hopefully, you don’t have to learn this the hard way. BUT if you do - you’re not the first. So take a step back. Let the wounds heal. Regain your discipline, find your focus, and hone in on what works.
#StocksToTrade #StockMarket #StudentLessons
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Ask us any trading related question. We love answering them in upcoming videos!
Do stockstotrade accept international trader? What papers do we need to comply?
7:00-8:00 is that an example for scalping?
raymund zamora You’ll need to comply as a professional trader that has made over million in profits. You should also have proofs for 5 houses around the world. I’m joking it’s just an app there’s no such requirement
I tested many mechanical trading methods based on statistics and numerous theories I wasted money on. While I ultimately moved in a different direction with my education , I realized that SQB-AMAC provided a better record of price history than pure statistics for accurate entries with momentum. As my study of charts and market techniques progressed, I saw more and more that the action of the market reflected the plans and purposes of those who dominated them and this SQB-AMAC strategy only follows the dominance . This is how I bought a $418,000 penthouse.
I am not a six figure trader yet :), but i burned through 15k first three months of trading before I got profitable, took me 14months to get that back, and now I am up 38k, but I learnt so much in those trenches.
Jonty Jam,
Learning while doing it OJT, Congratulations 📈📐📉
@@mitchbromwell9554 Cheers Mitch, I think is was best thing for my trading to lose that initially and to be resilient to get it back.
Nice I’m hoping to turn myself green, lost around the same in 9 months. Any tips?
Morings - Quick in n out Dips
Afternoon - Buy 1st Green Days W/ Solid Catalyst and Pattern, sell next morning into spike
What pattern are you looking for in afternoons?
@@SD-zx1uh something that holds near the highs of the day, closing in with the VWAP
I am getting hooked on these interviews.
Thank you for your experience and what you realized about Trading.
Peace & B Great!!!
Great video Dom and Tim!! Thanks for sharing the experience, definitely the best way to learn(grow). And you guys are awesome, very inspirational. Thank you😎💯💯💯
Loved this video! Dom is great, love his content. Thanks guys!
Same here, to all of it... The market has chewed us up and spit us out but if we stay with it, it's gonna make us that much better.
I needed to hear this!
I appreciate all your work thank you . Merci beaucoup!
Nice video! There are some good and useful sights over the the psichology of trading 👌🏻☝🏻
From one Michigander to two others, thank you for another great episode
🙌🙌🙌
“If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.” Soros
Thank you so much for this video.
Great interview it's good to know other people have the same issues with trading as me. Getting better just taking it day by day
Great lessons, thanks!
Great video!! STT never seizes to amaze me. Keep up the GREAT work.
🙌
Thank you so very much for being real.
Thanks Dom Thanks Tim
Thanks TB
I really didn't learn anything here about how to grow a small account. I did hear to find your niche. Now in order to grow a small account, to me at least, it makes sense to learn how to identify how to double your account size over and over again. That to me is growing a small account. I've had a small account for years and trying to pull out a percent here or there with small trades does nothing for growing a small account. All it does is prolong the pain.
Good stuff
Hardest thing finding the time of day and the plays that work for you
Baaaam ! This is really good 👍
I’m a newbie (Tim Challenge) and struggling with STT software. Learning the scanners and where and how to set up. All suggestions are appreciated. Been paper trading a little. Great hearing others and how they made it they the first few years.
Please visit university.stockstotrade.com and be sure to log in. From there you can access the 14 video lessons to help you become better acquainted with the software. You can also reach out to our support team with questions - support.stockstotrade.com
@@Stockstotrade thanks so much
Hi Tim really good interview. Just only one thing. could you please let the guest speak more. Sometimes
it looks like that you are being interviewed
Great chat! ‘The Holographic Universe’ is a good book if your into manifestations
Iam Laval, Quebec. And moved away from the traffic to Val D'or. "Gold vall@y"
Paper hands is FUD
Great video but I dont think it teaches anything about how to grow a small accoutn.
🙂👍