Grow A Small Trading Account | $554 to Over $10,000 [Actual Case Study]
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- เผยแพร่เมื่อ 3 ก.ค. 2020
- Most people don't have thousands of dollars to start fund their trading account, so one of the most common situations is the need to grow a smaller amount of money. This is certainly not an impossible mission to accomplish, it is something that will require a whole lot of discipline and control as a trader. I'm all for helping people learn how to trade and make money with stocks, however, I do also realize it can get annoying when all someone does is "teach in theory" without using any kind of real life results. Because of this, I want to show you some stock trading results from a member of my community which gives us all (myself included) some great reminders and learning lessons. When you are brand new and just getting started, you can without question have success, the problem with this is a quick track to start making bad decisions. How so? Let me show you not with "theory", but with real life results.
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Started trading a $2500 account and doubled it a week or so. Then moved on TD with $17k and was quickly up to $23k before losing $7k in two days. Started thinking about quitting while I was almost at break even. Then realized I was trading too big a position normally 1000-3000 share sizes. Decided to get back in and grind and take the small profits rather than taking a loss and trying to hit home runs. $3k back up and humbled by the entire experience.
Thanks for sharing your experience!
I agree brother. I did same thing. Hard headed and held losers too long
Very relatable, this week I was up $200 in profit but took a trade out of my comfort zone and ended up losing -$350 in one trade. Taking it slow is the key👌🏻
Well said!
Where was your stop loss?
"If you're feeling good about yourself, don't increase your position size."
That would have saved me quite a bit of $$ recently. Lol
You're not alone!
Same thing happen to me, grew my $500 to $2,000 and lost them all in 3 days because I starting to not follow my rules and go bigger share size. Lesson learned.
How exactly did you gain and what did you do that made you lose money?
Sorry to hear but thanks for sharing.
When you trade. You must PAY YOURSELF FIRST. Read rich dad poor dad. Helped me lots. Rich people pay themselves after they make profits in anything. Keep a small portion of your wins in the acct and roll into new trade. Effectively your pf will be all profits after a while given you can trade well. After this trading is so much fun. Cause it’s all market money and you still pay yourself. I’ve lost much more so I can relate. I’m on my 3rd year and I’m killing it for the last year. Keep going and never quit!
@@djchristian82 i offer this claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
Did exactly this recently after growing my account by 100% with small gains .. thought well if im right so often why not just go big with leverage and grow massively. BOY I was wrong. Lost 80% of the account even thought ultimately I was right. Got a sticky note next to my laptop saying 'SMALL GAINS!' .. no trade is good enough to risk disaster.
Why does increasing position size equal failure in your particular case?
@@permbee7129mistake 1: It was the one day I couldn't keep an eye on the stock.. so if anything, I should have reduced my size.
Mistake 2: Went full size too early.. stock went higher than I anticipated. Should have averaged in.
Mistake 3: Risked pretty much entire account I was that certain this stock was going to tank. Yes I was right but my entry was too early.
Had I traded as usual, could have taken a small loss, and shorted again near major resistance. Either way, I know for next time 👌 BTW the stock was WireCard (WGI)
The main reason for failure was risking way too much. Greed. Cockness. These are the main reasons that make you increase size too much too fast.
@@khalilh6973 Did the same thing on the same stock. I had -94% at some point, now starting to recover at -62% :))
@@FatihNasrulloh Lucky for me Im trading with a small account at the moment... So it didn't hurt me at all really. That stock is just like HTZ, going bankrupt but having big runs up due to short squeeze and newbies buying blind.
Yep done this
Oh man, has it ever happened. I had what I considered to be great success starting out, grew my account to $50,000 over one year, and then lost $15,000 on one trade due to over sizing the position. It was flat out arrogance coupled with ignorance - a deadly combination. I was so mad at myself, I stepped out of the market completely for over a year. It was devastating. I'm now back to trading but that one lesson pops into my head every single trade day. Nothing like bad experience to get your head straight.
Thanks for sharing! I hope others read this.
Wow great, painful example. Thanks for sharing and helping everyone to see how easy it is to lose weeks or even months of work in a single trade if we’re not careful!
i'm down about 40k, it takes some longer than others
The hardest lesson to learn for me as a noob to trading is knowing when it's too late to catch a train.
You're not alone! Keep on learning
Ain't nothing like screwing up and thinking "f**k me what have I done,".
The hard lessons are both the best to learn from and the worst to go through.
Indeed....
Leaving your ego at the door if you want to trade is crucial. Learned this first hand. Keep it up Clay.
Well said
“Don’t trade scared” new merch tag I’m coining for a future channel 🤞 props Clay.
Cheers
The daily updates are great, proper training and being honest humble. Looking at the bad and good and growing to how you do it Clay.. thanks
I appreciate that!
Hello ClayTader. Appreciate you posting about your experience as a day trader in all the good or bad 👍🏻 This makes your video content really interesting and genuine. Keep it up and I’ll continue to watch all your previous uploads.
I appreciate that!
Did the same thing in early 2020 i was up 55% my first 2 weeks, then i put more money in and started loosing. Took 2 months break and i finally managed to recover and even get some gains by having a plan and learning things from diffrent sources. Great video as always.
Good stuff
Prax May I ask how long you studied the stock market before you actually started trading yourself? I have an unhealthy sleeping issue coz I’m so wrapped around learning more. Its been about 2 weeks and I think its a good idea to skip paper trading and start trading with a small amount of real money. ($1000)
@@user-lj9mj1cd1b how it go? I would have advised against that idea
Awesome video.
I’ve been studying on and off (admittedly) for 2 years now and these videos that discuss mindset are always great.
Good shit Clay!
Thanks for watching!
Love how much you're posting. Keep it up 💪 👌
Thank you 🙌
Definitely can relate to Chad’s experience! Increasing position size too early can quickly destroy your account. Putting in stop losses in insanely critical to account preservation. Thanks for all the videos Clay! Always enjoy watching and learning
cheers
These videos are great, please keep them coming! Appreciate it Clay good luck in the markets!!!!
Glad you like them!
A+ advice. Thank you for reminding me. I know this, everyone else knows this, but we all want to do it. The trick is not doing it and being smart. My mind frame was starting to drift there lately. Thanks for the reminder.
thanks for watching!
This is so relevant. I can definitely relate to this. Happened recently with me . I am from India. I am also a new trader . Just started trading from March, for two months till 3rd week of June I had success . Grew my account around 3 times. Then in the last week of JUNE this same thing happened, I increased my position and started trading and so to started overtrading . So two bad things in the same time . So my 3 months of hard work blown out in just 1 week.
After the debacle I got up for the fight again, stopped trading for a day or two. Started again with a lot of discipline and lot of patience . For the last few days getting positive results though small.
Hopefully with discipline proper risk management and less greed can grow my account once more. ,😊 Thanks for the video it was very relatable.
Sorry to hear, but thanks for sharing!
@@claytrader Hey man. Thanks for the reply. I do follow your videos . I am a newbie in this. Today as well good bullish sentiment in Indian Markets. Markets ended on a high. Had some small profit.Please do keep making these videos , really helps beginners like us :) Love from INDIA
I like that you pointed out the mentality of doing the mental gymnastics and 'bending' your trading rules. It made me realize that I am good at avoiding doing that but if I get wrapped up in FOMO, greed, or more impulsive emotions that's when I end up jumping into a bad trade.
Glad it helped!
Great informative video as always, love this channel! Keep up the great content
Much appreciated!
i can’t wait to start but i am going to continue to learn as much as possible and the time will be right
Good idea!
Thanks for the videos, always informative. I recently joined your service, and it paid for itself numerous times over on the first day. The stock alerts are VERY valuable.
Great to hear!
Thanks for the video , case studies always helps ! Super helpful !
Cheers!
Here's my advice for upping your position: Do 40 to 50 small trades in a row with a 75-80+% win rate. Then can consider upping your position. The market isn't going anywhere. Take your time and solidify your strategy.
Good thoughts.
Very bad advice. The less trades the better. Pick the low laying fruit. Keep your trades small but much fewer. Sometimes you won’t trade at all.
I love your channel because: You make everything clear n simple and don’t make me dumb. Overall positivity and empowerment. Thank you.
Thanks for the kind words
Was thinking about position when I saw your video. Decided to wait for some more time. Thank you.
Glad I could help
At the beginning of 2021. I grew my account from 30k to 55k. Now I'm at 2k... Time to postion wayy smaller. Clay is so right about getting too cocky too quick.
Dean, I admire your courage to share this publicly. There are MANY like you, but you are way different because of your willingness to share!
Down 8500
Very timely advice for myself. Just started on 21 May, up 37% till date, profit/loss rate of 82%. Starting to get cocky and wanting to dump more into trades. Thank you for sharing this, good reminder to stick to the game plan!
Glad it could help!
Clay, great video lesson. I'm sharing with my friends.
Awesome, thank you!
2 books every trader should read: "Atomic Habits" and "Ego is the enemy"
Thanks for the suggestions!
Thank you so much Clay for all your wisdom!
Any time!
Great video Clay. I day traded for 2 months. Thought it was easy. Started with my own money and wow! Mind went crazy. Started chasing homer runs etc. Just opened a Webull cash account. Making 3 trades a day. Never more than 20 shares. Learning to manage trades and emotions. Hopefully n the right track. Thanks foe your help.
Thanks for sharing your experience!
Great educational vid, thank you for highlighting Ego & emotional trading leads you disappointing results.
Thanks for watching!
Did exactly this...had a couple of small gains and I started feeling good, now ive lost most of it, i salvaged some but I learned my lesson.
It happens!
Thanks for the video! Luckily I watched your video when I'm thinking to increase my position size
Glad it was helpful!
Another great lesson Clay. Thank you.
Glad you enjoyed it
Risk management, huge! I like that, taking responsibility for your own actions. Perfect! Thank you!
Absolutely!
Probably saved my life with this one 😂😂 was just thinking about increasing my position size after growing from 500 to 4K
Glad to help!
yes, please more videos on trading psychology. it's the one thing that's keeping most people from consistency imo
Thanks for feedback Alan.
Liked you on facebook! salutation from Québec Canada Clay. I wish you a great 4th of July.
cheers
Hey clay, great video. Can you do a video on how to read and trade based off price action and volume?
All of that is here claytrader.com/takecontrol/
Totally agree with Chad, been there...not fun, but we all have to learn.
Well said!
Thanks so much for the great video
Glad you enjoyed it
Wise and authentic thoughts. Loved It!!!🎉
Thanks!
I can relate, same thing happened to me years ago great video, learned my lesson. And I’m just now getting back into trading that loss really pushed me away from trading for a long time
Thanks for sharing!
I had this problem, but in the simulator thankfully. Started off with unrealistic 1,000 share positions (sometimes more) leading to big losses. Switched to 100-200 size positions and have had 5 green days in a row. Not close to covering those initial losses (only simulator but trading as if real money), however good to see the strategy and discipline is working. Cheers for the videos Clay, I'm a big fan of your straight-forward matter of fact delivery.
Thanks for sharing your story!
Thanks a lot for everything
Thanks for watching!
Clay man which of your vids would you say is the best for a newbie i'm very new and still net to learn all the terms etc. so i would love if you or someone else can just put me in the right direction.
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
Excellent! Happy 4th!
Same to you!
Good video thanks clay
Glad you enjoyed it
I can definitely relate to that, nearly doubled my account by investing each time 1000$ position. Then I decided to X5 my positions and suddenly my risk management was way too high and losed all my gains by exiting losing trades in few days..
Thanks for sharing that! You're not alone!!!
@@claytrader yes same thing happen with me i was doing good but my overconfidence and leverage kill me
@@sumitstha1757 it happens to many!
I can totally relate. I learnt the hard way.
Thanks for sharing!
I've messed up one too many times (started day trading options NOV 2020)... when I bought only 1 contract at a time and took smaller gains, my account grew slowly but as soon as I got over confident and though I knew how to read charts at the time and knew it all, I went to heavy on some trades and lost a major portion of my account. Trading is serious and sticking to our rules will help in the long run. I've had to learn to let go of the FOMO.
FOMO is bad for sure!
Yes i can relate to this... I just joined 4 months ago and been down around 3 to 5 thousands and when I was up 2 thousand twice and both times put more money in and still average 3 to 5 down , i understand what you say 100%
Thanks for sharing your story
I've had to deal with a similar but smaller loss. Then I listened to the voices and revenge traded to attempt to make up the losses. That didn't work out, losses grew, then I had to deal with the emotional impact. Stick to your rules and SL! Plan your trade, trade your plan. Thanks for your guidance Clay.
Thanks for sharing
Exactly as you said, grew my account then got cocky and bought more positions into something that was doing well at that moment of time. Next day it collapsed, it's better this way for me, if I don't lose actual money the lesson doesn't stick.
Thanks for sharing
What is max position size you recommend? I have experience, but am starting over. Is 25% of net liquidity too much. I plan on using stop losses.
These are the types of things I talk about with premium members, and if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Great lesson!
Thanks! 😃
I so wish I had watched this video earlier... starting back up so I'll see you up there soon! (from $40K to $95K in 4 weeks and down to $17K)
I hope you consider my training program! You can easily afford it.
Same thing happened to me, 90+% of my account gone from one cocky AMD trade. Learn from this guy.
Sorry to hear but thanks for sharing!
Thank you so much
You're most welcome
Great advice
Thanks for watching!
Blew my account. Started trading grew my $10k account by $2k in 1 week. Thought I was a pro. Ended up with a balance of $3k 2 weeks later. I remember 2 days in a row losing $1k each day trying to makeup for my previous losses. Slow and steady from now on. Definitely risking less each trade. Keep the position size small. Preserve your capital.
"slow and steady"... good idea!
What leverage did you use?
In did the same exact thing. I turned a $50 acc to a $2000 acc in a month and i got cocky and lost it all but i needed that to grow in the long term
Thanks for sharing. I appreciate that, hopefully others can learn.
Would love to hear some detail about level 2, which data services you need to purchase, which places are the best value for small accounts, independent providers etc... On my IB account theere's about 5 different data subscription options and I cant work out exactly which ones will be relevant to what I'm trading
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
@@claytrader thanks man will check it out
@@larrytradingltd1058 cheers
I'm new to the trading stuff, what's a good starting platform to use
Here you go claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
Absolutely! Mindset and managing risk are the keys to success. Even if you have an edge, if you don't get the psychology right, you will never survive!
Exactly.
I love these videos because it lets average people know it’s possible!
Thanks for the feedback!
Im just saving money from my part time job and learning as I go..
Cheers to that
How to pick stocks for scalping a day before.
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
@@claytrader will it work for non us traders
I took a bit of a different route in my trading journey so far. I had my initial lossess big but within max risk (about 5% account size), then I had to start building confidence again since I got punched immediately in the first week when I dipped my toes with real money after spending some five months paper trading. Since then, losers have become smaller and smaller, but I am still working on getting the winners I need to be profitable. I am about flat with commissions and trading platform fees now. Working hard, steady, one step a time. Hopefully I will get there soon enough. Thanks for sharing this Clay!
Thanks for taking the time to share!
great timing... been making $50, $60 on my trades. no real loses... yet.
Getting a little arrogant after making a few hundred bucks/week. I was literally just thinking about increasing my position size this week. Glad I saw this video! 👍
Good timing indeed!
So how you doing now bro? Just started myself.
How much of your account do you put in into single stocks? I've been basically splitting the money between 4 stocks but am really bad about not having free cash for a move lol.
This kind of knowledge and advice is weirdly missing from these videos
@@Gridl3y For me, I've started w/ options. Super risky bc if you miss the entry point, you can blow up your trade real fast... but it's so much more lucrative than just swinging and scalping. Now what I do is swing to fund my options plays. I am making about $300/week but I've had some really nice weeks ($AAPL) where I've made more than $1000 week - never, ever thought I'd do that.
Nice work by Chad. I am inspired. The account was grown from 554 to 10000 between May and July?
I beleive so
Just turned 18 and looking to invest. Have a brokerage account, what would you recommend as first steps/which of your videos are best to start with.
Here ya go claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
Finally something my self blaming can help me excel in 🔥
:-)
I found that for me, trading a cash account helps with the volatility and uncertainty in the current market. I plan to use my margin account for swing trades on stocks like Apple and so on. On fast moving stocks, or stocks that move at least $2 or more in like an hour or so, I can scalp those for good profits depending on the number of options contracts I purchase. Of course, I look at the Delta, theta, momentum, etc?
Thanks for sharing!
Is it worth using off shore brokers to get past pdt... rules ????
Nope!
I’m a recent follower and enjoying your content. You have proven you are consistently green most days. Is there a reason why you do not add a zero to your position sizes now that you are consistent? Thank you.
I'm consistent because of my position size.
Clay traders a Michigan boy! Rock on dude. Gun lake area boy here. Gotta love how green Michigan is. Good place for winter trading. Cus it’s so cold. Lol.
Cheers to that John!
I like this guy!
Thanks!
Does your training apply to newbies below the 25,000 account size? Since the Pattern Day Trader screws(protects) us?
If you don't have 25K to cover the cost of potential losses from day trading, you shouldn't be day trading at all. Start out swing trading, then build up to 25K.
ℛɛᴛʀᴏ ℛɛᴅ I believe there is wisdom in your reply. Thx
90% of people who do my training have under $25,000. In fact, you could do this claytrader.com/videos/how-to-get-started-day-trading-with-only-100-and-zero-pdt-rule/
I 100% disagree when thing like this exist claytrader.com/videos/how-to-get-started-day-trading-with-only-100-and-zero-pdt-rule/
ClayTrader Clay I’m super interested in the program I currently have 3k in TD Ameritrade but I am not currently approved for options trading do you have a recommended broker that’s easier to get a approval for trading futures with reasonable costs ?
Great video but can you give some advice about how to go after being in Chad's place? I started trading 2 and a half months ago with zero knowledge and 10k. After having done the same mistakes, getting cocky and increasing the size of the trades, I went down 3k and now I have 7k but I got scared and disapointed. What would be the best thing to do next? I am thinking of waiting for some time for pullback of the market and then invest long term in quality large cap stocks and perhaps some smaller company with growth potential (SPCE for example), no more day-trading. Any better idea??
Try paper trading to build confidence and practice good risk management. My goal from now on after I blew up my account is to learn how to manage my risk by honoring my stop loss and sticking to the game plan. Winners will always come when you follow your rules!
If you haven't heard of what paper trading is. Its just basically trading with fake money. This will allow you to learn how to execute trades, test your strategies and also build confidence. This is what I would recommend doing first. So in that way you are not risking your real money and gives you time to learn the market.
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
Love hearing from other traders. at the time of this comment, I have been trading for 26 months. I agree with everything that has been said. Only experience will bring you to a place of maturity in trading for small steady growth Vs fast growth and faster blown accounts.
Cheers Devon!
Perfect video for beginners! I'm constantly gaining 1500 in one day on 8k, only to lose it by the end of the week bc I'm increasing prosition size, making riskier trades, not following my plan. In the morning I'm going to reduce my positions (or exit) and start following my rules EVERY time. Pride comes before the fall...
And clay needs to do a video on his workout plan. Veins popping out everywhere!
Just keep on hustling and grinding!
I have an entire bootcamp - maintainthegains.com/
My goal is to trade micro nasdaq with 1 contract scaling with risk amount staying the same and work up to two contracts and scaling with risk doubled... slowly grow before increasing size
Excellent!
I have been a core trader for a number of years. As per Warren B., I buy quality companies and hold forever. I am extremely interested in swing trading and created my trading plan. I have a fair amount in the account and need to do sizeable trades to keep liquidity moving. From your video, I am having trouble understanding how scaling your trades leads to failure? I would need to start with 1-trade per day at $10k per trade to keep 1/3 of the account moving. Finding the companies to trade is one thing, but when I need to scale to 3-trades per day (or bigger positions), I would need to find more. I feel I will be leaving a lot of cash on the sidelines (or in core trades which are very risky right now).
Gotta do what you feel is best.
what broker do you use and platform for trading
Here ya go: claytrader.com/resources/
Question on risk management: most discuss never risking more than 1 or 2% of your account. Can you clarify if you mean never have your stop loss set below that % or never take a position with more than 1 or 2%? IE: $1,000 account no position should be more than $10/$20 or you can have a $100 position but stop loss should be set to ensure no more than $10/$20 is loss?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Was on a family vacation in Aruba in June. Decided to trade during the week for an hour or two premarket and then the first couple hours after the opening bell. I had been in the green for about 2 months. Started with ~2k and grew to around 7500. Didn't change a thing and then decided to get reckless with a few trades. Ended up blowing up my account because I decided to have faith in one too many trades that turned against me. No one to blame but myself. When you feel yourself start to have dollar signs in your eyes: logout, take a few hours/days/weeks/whatever you need, and just go over the pillars in your head. I'm on this video because I am finally ready to fund another small account. I always told myself I wouldn't make those mistakes, but here we are
Thanks for sharing!
I haven't pulled the trigger yet to open a brokerage account as I am still in the education phase...have been for about 5 YEARS. I would love to join or start a finance and money education club where like minded people can meet and discuss ideas. I appreciate your videos. It helps. Clay, I am curious as to the average age of investors that follow you. I myself am a grandmother. I have been interested in money, growth, finance and investing since I was a child. Thank you for the content.
If u can't start now, then for what reason would you make an account in the future? Seems like you have a good amount of knowledge in this niche. You should open an account as soon as you can. Without reflection upon action comes only knowledge without wisdom
@@christianpark1638 cancer is what is keeping me from moving forward. Twice I have posed myself go take the next step and twice I have fought stage 4 cancer. I am trying to make the move to open a brokerage account. Waiting on a call from the broker.
@@lisahatch2649 I wish for the best for you! I have no doubt you will be a successful trader!
Hi Lisa, I honestly have no idea what the "average" age is. All I can really say is that we have a variety of ages and that all are welcomed.
Im only investing $100-$500 in each of my positions. Im super new to trading so I just want to make sure im picking winners before I increase position sizing. Doing well so far, up 7% in a week. I even made close to a 70% return in 30 minutes swing trading a biotech IPO. Fingers crossed I can keep this momentum going and build confidence to take on larger and smarter positions
Thanks for sharing!
Does having a career as an individual trader get lonely?
What can one do to tackle that?
Also,
Is there a community where you can get in touch with other traders and make new friends?
I offer a community here where I've made many friends claytrader.com/team/
I never even thought of how lonely that might get. But I imagine being a Trader would allow you a lot more time to spend with people you care about
Everything you said is 100% true....all of it my friend trading 4 years now...went threw all of what u said
Thanks for sharing
I loss 14k :/ but this time I’m coming stronger.
I respect you for not giving up!
Bad money management and position sizing ??
@@TsarOfRuss that'd be my guess
Clay this is by far the best lesson for new traders on TH-cam. I have been trading for about 4 months and have gone through all of these scenarios you mention. Luckily I have not blown up my account, just stuck spinning my wheels. Seems like I make a few good trades and then slowly lose my gains. A few things I have learned that really helps: #1 - never try to make back losses in the next trade. #2 - if you have a paper trading account, use it to your advantage. Try the cocky trades on your paper account, if you feel off psychologically trade for a day or 2 in you paper account to regain your confidence.
Thanks Steve!
A new rule I’ve come around to is to diversify your plays different companies in different sectors and even out the plays u play ex if you have a $500 account and see 5 good plays make sure each play has about $100 in the contracts if contracts are cheap buy more
Thanks for the thoughts.
What trading platform do you use?
Here you go claytrader.com/resources/
Awesome! I'm bad to go green, then over trade and lose my profits. im working on that..
You can do it!
@@claytrader thank you
@@Derrick1981y you're welcome
I started a year ago when I first turned 18 blew up my account was literally gambling my money coming bigger now learning TA
Good decision