ilmscore | The Simple Trading Strategy I'd Use If I Had To Start Over... 💥 DAY 1 | Small Account Challenge

The Simple Trading Strategy I'd Use If I Had To Start Over... 💥 DAY 1 | Small Account Challenge

Published: 2024-09-12
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The author predicts there will be days during the challenge where they make no trades if suitable opportunities are not found based on their criteria.
"there will be days that I don't take any trades because nothing perfectly lines up with my criteria... if there's days like that then for the small account it's going to have to be a no trade day"
Trading Strategy - Challenge Management
Pending
The author predicts they will generally take only one aggressive trade per day, using all available buying power, most likely before the market open (9:30 AM), leaving them unable to trade further until the next day due to settled cash rules.
"I really can only trade if I'm going to go aggressive only once a day and that means that I'm going to use all of my buying power on one trade... most likely by the time the bell rings at 9:30 I will have already taken my one and only trade for the day and I'm going to be out of buying power and have to wait I'm G to have to wait till tomorrow"
Trading Strategy - Daily Execution
Pending
The author sets a minimum daily profit goal of $200 for each trading day in the account.
"my kind of minimum goal is that each day that I trade in the account I'm able to grow the account by $200"
Account Growth - Daily Goal
Pending
The author predicts their trading strategy will yield an accuracy rate of 65-70%, meaning 30% of trades will be losers over time.
"based on my strategy my accuracy is 65 70% so over the course of 10 trades or over the course of 100 trades I will certainly have a handful of losses right 30% will be losers"
Trading Performance - Accuracy
Pending
The author predicts they will grow the challenge account from $13,000 to $25,000.
"my goal is to grow this account to $25,000 and it's not a matter of if I can do it it's just a matter of how long it's going to take"
Account Growth - Overall Target
Pending
The author predicts that without leverage, the account will not achieve rapid daily growth (e.g., 50% daily) seen in previous challenges, implying a slower, more steady growth rate.
"realistically I'm probably not going to see that growth without using leverage and I don't have leverage in this account... I'm not going to be able to do that every single day in a row with this account it's just not possible"
Account Growth - Rate of Growth
Pending
The author predicts that YouTube updates about the ThinkorSwim challenge will be periodic rather than daily.
"don't expect that I'm going to have uploads every single day as part of this thinker swim challenge they'll be more periodic"
Content Creation - YouTube Updates
Pending