3 Simple Ways To Scale Up Your Small Account Fast... (Guaranteed!)
Published: 2022-07-15
Status:
Available
|
Analyzed
Published: 2022-07-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker will provide three tips to significantly reduce the time it takes to grow a trading account to a level where one can live off of it, once profitability is achieved.
"The three tips I'm gonna share with you today are the only difference between these two traders and that's what I want to show you is how to significantly decrease the amount of time it takes you to grow your capital to a point that you can actually live off of it once you become profitable"
Pending
To decrease the time it takes to reach a goal account size, traders should continue working their day job even after becoming profitable.
"the first way to significantly decrease the amount of time it takes you to get to your goal account size is to keep your day job"
Pending
The primary objective of the discussed tips is to help traders build a large enough account to trade for a living.
"the main goal of all three of these tips is going to be to get you to the point of having a large enough account to trade for a living"
Pending
Traders should avoid withdrawing money from their trading accounts.
"do not withdraw your money"
Pending
Compound interest is crucial for account growth, and its effectiveness is maximized by not withdrawing funds from the trading account.
"compound interest was named the eighth wonder of the world by albert einstein for a reason the only way to let compound interest take hold and take effect in your account is by not withdrawing money"
Pending
After becoming profitable, the priority for traders should be to grow their account as rapidly as possible to enable them to trade for a living.
"once we become profitable traders our next mission should be to grow our account as fast as possible for us to be able to quit our day job and start trading for a living"
Pending
Traders should actively add funds to their trading accounts.
"add to your account"
Pending
Adding to a trading account when first becoming profitable will accelerate the process of reaching the desired account size.
"you want to constantly be adding to your account at the beginning when you first become profitable because that's just going to help you get to your goal account size much much faster"
Pending
A simulation will compare two traders, both starting with $10,000, earning $4,000 from their jobs, and having $3,000 in expenses monthly.
"we're going to assume that they both have the same exact situation they both have a starting balance of ten thousand dollars they both have a job where they make four thousand dollars their expenses are three thousand"
Pending
Trader A, over three years, achieved a total return of approximately $36,000 from a $10,000 initial investment.
"he made twelve thousand dollars for three years meaning that he got about a thirty six thousand dollar return"
Pending
Trader B, by implementing three specific practices, returned over $200,000 in three years.
"he returned well over 200 000 just by following these three very simple practices"
Pending
Once profitable, consistently applying three core principles (keeping day job, not withdrawing, and adding to account) will accelerate account growth regardless of individual return rates, starting balance, or contribution amount.
"taking these three steps in your trading once you become profitable no matter what your return is no matter what your starting balance is no matter how much you can add to your account each month it doesn't have to be a thousand dollars the formula remains the same"
Pending
The video aims to address the gap between becoming a profitable trader and achieving the ability to trade full-time for a living.
"that gap between becoming a profitable trader and actually being able to trade for a living"
Pending