So far it has been about a month since I started the Small Account Challenge, and I can happily say that I did not lose any money nor did I make any money. Well actually I’m up a whole $49.83, which isn’t bad at all considering the hard lessons I learned about my trading this month.
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small account challenge
This week I hit my goal to make $500 with a 1 lot trading ES. I'm really stoked on achieving this goal even in the midst of all the volatility created by Trump tweets and US-China Trade talks! Goes to show you why managing your risk is the most important factor in trading profitably.
This week I was able to make $253 between ES and CL bringing the account to around $2,830. As this video is being uploaded, I managed another $141 thanks to the gap down from Donald Trump announcing he is imposing a 25% tariff on China goods.
The Small Account Challenge did start off great the first two days making almost $300. But the next 7-8 trading days resulted in a draw down that has my account sitting at $2,580 as you can see in the graph below.
I decided to challenge myself and prove that you can trade futures and be successful with only $3,000 as long as you focus on stringently managing risk per your trading plan, staying disciplined and having realistic expectations.