The Importance of Starting Stock Trading with a Small Account

Hi everyone👋💝☀️
Happy Friday🙂

Finished my day-trading with a 1.926% profit. Today wasn’t a normal day when the New York market opened because “Core PCE Price Index m/m” was released at 8:30am, and had made the market a little choppy. I lost in my first position, but then recovered with the second one, and finished the day with a 1.926% profit.

The stock market is not currently doing good and swing traders and investors have lost 3 trillion in the past several months. This is not good news for the economy and I am really sorry to see that the stock market is still crashing, and I really hope that it turns around. However, this doesn’t affect us at all because we do day-trading. We open the platforms every day and trade based on the trade setups we see on each single day, whether the overall direction of the markets is up or down. Therefore, if you want to make profit consistently and grow your account slowly but surely, day-trading is the solution.

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The Importance of Starting Stock Trading With a Small Account

People make mistakes if someone doesn’t show them the right way, and they want to do something through trial and error. Unfortunately, most people never ask for guidance before they start something new, and they do it just based on what they think is correct. Therefore, they fail over and over, and then they give up.

When I say you must start your stock trading with a $500 or $1,000 account maximum (first demo and then live), it has a very important reason (read this and this). Learning how to trade is not just about learning the techniques, taking positions and making profits. It is about gaining experience and building your confidence too.

After learning the techniques, if you start with a big account, you will destroy the foundation of the confidence you need to build and have it in your trading journey because your losses will hurt you, and chances are you will give up before you become a consistently profitable trader.

For example, if you start with a $100,000 account and you lose 2% or $2000 on the first day, it makes you scared. Maybe $2000 is nothing for someone who can afford a $100,000 account. But it is still a big loss for the first day.

What if you lose on the second and the third day too??? What if you lose 3 days in a row???

Then, a $6000 loss is not easy to handle emotionally, even for someone who can afford a $100,000 account. Usually, when this happens, novice traders trade for revenge to recover the losses as soon as possible. And, this will result in more losses. You were supposed to build your confidence and become a consistently profitable trader. But, now you are overstressed, disappointed, and overwhelmed, while you have already lost a lot of money that looks impossible to recover. You don’t see it in yourself to recover your losses through trading. So, you either decide to keep fighting more, or you give up and leave the markets for good. If you keep fighting, you will definitely wipe out your account. If you give up on stock trading, you will miss the chance of achieving financial freedom through one of the best and greatest ways of achieving financial freedom.

The joyful journey of achieving financial freedom that could be 100% risk-free and safe too, now has turned into a nightmare and one of the worst memories of your life. But, such a disaster happened just because of a mistake that could be avoided: Starting with a big trading account

What If You Start Your Stock Trading Journey With a Small Account?

If you learn the techniques properly, demo-trade for 1-6 months to become a consistently profitable demo-trader, and then start a $500 live account, you will build your confidence like a big and strong mountain that can never be destroyed.

With a $500 account:

1. If you lose 2% in a position (you must limit your losses to 2% in any position you take), it will be $10 only. Maybe $500 is a lot of money for some people, but still they can handle a $10 loss. Even if they lose 3 days in a row, it becomes $30 that still looks very easy to recover.

2. If you trade persistently and turn your $500 into for example $100K, gradually and by making about 2% profit per day on average (which is what we do in our program), then your confidence is already built and has become the big and strong mountain I talked about above. Such confidence even helps you turn this $100K into $1 million and more, if you keep trading the same way, making 2% per day, gradually, slowly but surely. Trading this way, you can turn a $500 account into $1 million after about 29 months, which is GREAT.

3. Unlike someone who has started with a $100,000 account, when you turn a $500 into $100K and then you lose 2% in a position, you won’t care at all because you have already experienced this a lot during this long journey and you do know that you can easily recover this loss, which is what you have done numerous times before. Someone who has turned a $500 into $100K through making 2% profit per day on average, won’t be scared of losing 2% or $2000 in a position because their confidence is already built, and they are confident about their confidence 😀

This is how it works. It is your choice to have a proper start and continue this journey, or destroy it in the first step.

What Does LuckScout Do for You?

LuckScout helps you become an independent and self-sufficient wealth-builder:

In The LuckScout Community, you and other members of the site have a share from the website’s income, based on your activities and the points you earn. Maybe you don’t need this money. But, there are so many in The LuckScout Community who need it to start their trading journey.

In The LuckScout Community, we help humanity. We help people to achieve freedom, for free, and risk-free. If you want to be part of this program, even if you don’t need the money that LuckScout pays you, still your presence and activities help others who need this money. You won’t pay them any money. You won’t pay us any fees. But your activities on the site, not only (1) help you earn more points to have a bigger share from the website’s income (whether you need it or not), but also (2) they help other members to earn more points and have a bigger share from the website’s income too, while (3) they help the community to make more money, and so on. Above all, your activities (4) help you to become eligible to trade with us every day, which is where you can learn to turn your $500 account into a big capital that makes you financially free.

Change your focus from making money to serving more people. Serving people makes the money come in. — Robert T. Kiyosaki

In The LuckScout Community, you help people to achieve financial freedom through your presence and activities, and other members and the community help you do the same. There are so many who need your presence and activities here. And, “activities” is the price of being part of this awesome program and system that even gives you the $500 you need to start trading risk-free.

Your current month (September) performance and the points you have earned may make you eligible to join us in our private trading room in the following month (October), if you reach the minimum requirements. And, it will be the same every month, unless we decide to modify and optimize the rules and criteria (read this post carefully to learn how we trade and how you will trade with us). We want everyone, including you, to make the most of The LuckScout Community and this opportunity.

Thank you!
I love you all💝

Best regards,
Vahid

Please see the attached screenshot:
👇👇👇👇👇

Published
Categorized as Trading

By Vahid Chaychi

Vahid Chaychi is an experienced web developer and internet marketer since 2002. He has been able to become the top seller/earner and affiliate with several different companies. He has launched his own affiliate programs as well. He is a blogging and WordPress expert with lots of enthusiasm in blogging and vlogging to share his knowledge and experiences. He is also a serious Kyokushin Karate warrior and a good snowboarder. Follow him if you like to become a financially free online entrepreneur.

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Carl Rukavina
1 month ago

Another clear, well-written expose on the logic and reasons for the journey that we are on. Look at the guidance everyone of us is receiving, and we haven’t even begun. I absolutely wish to have been blessed with this experience 30 years ago, but everything in life has a reason and season. At age 70, I cannot regain the time, but I can gain and implement the knowledge being presented here, in order to improve the lives of those around me, with the remaining time I am blessed with. The years are going to go by anyway…here perhaps is an avenue to make those years productive and rewarding…a purpose if you will. We will learn techniques, gain experience and build confidence, not only with trading but in other areas as well. All because of a rare, compassionate person of conscience and caring, who is willing to share his expertise and skills with those around him. All we must do is diligently learn and apply these principles, and be part of a diverse, talented community dedicated to doing so…
Thank you, Vahid.

Celia H. Burton
Reply to  Carl Rukavina
1 month ago

Well said Carl. Thnak you

Andy Hurrell
Reply to  Carl Rukavina
1 month ago

Wow Carl you nailed the sentiment Ian sure most could never put in quite such an eloquent way! Words sometimes are not enough but this is pretty close my friend

Stashauna Kelly
Reply to  Carl Rukavina
1 month ago

Very well said Carl.

Roderic Bishop
Reply to  Carl Rukavina
1 month ago

Thank for this article on the fundamentals. I found it to be very informative. I wish I had this information 6 months ago.

Andy Hurrell
1 month ago

Vahid your posts are an inspiration to us all with these gems of wisdom and incite that will educate us all into becoming the wealth building generation of the future thanks to your guidance. Thank you not just from me, but everyone here who has followed your posts with so much interest and excitement, as the start of our journey moves ever closer. 

Andy Hurrell
Reply to  Vahid Chaychi
1 month ago

Don’t Vahid or I will blush again ☺️

Haneef Shabazz
Reply to  Andy Hurrell
1 month ago

Very well said Andy. Vahid is a wonderful mentor to all of us.

Eloise Taylor
1 month ago

Vahid, I appreciate you so must, you mention one of the biggest mistakes people make is they start trading with a large account. I just love it when you mention in the article you said start with a Demo account the start live with $500.00 to 1,000.00and build from their work on 2% profit. Thanks Vahid for you giving heart.

Reinhard Schutte
1 month ago

So well said vahid , i truly hope people will realize this aint a sprint to the finish line it is a marathon

Alex Amakom
1 month ago

Vahid, good morning. I’m visiting the doctor this morning. I hope to get hold of recording of the day’s proceedings later. Thank you.

Alex Amakom
1 month ago

Good morning Vahid, I hope you had time to sleep because the website was busy all day and night. I didn’t see my post on Monday’s trading experience. Whatever happened, it was a great experience and I thank you for the opportunity.

Omodele Wisdom
1 month ago

The importance of starting with a small amount of money used to be able to build confidence, also help you minimise your greed knowing the money in your trading account can be wiped out in a single trade

Stashauna Kelly
1 month ago

Thank you Vahid for your diligence and persistence. You have continued to be consistent on the platform and we greatly appreciate it. We will forever be grateful to you! I can’t wait to start trading with you.

Kevin Goodman
1 month ago

Great detail and insight into the scary world(to an outsider) of trading stocks. You have allayed my fears of the stock market Vahid and given me a spark to want to learn more and become a successful days trader. Seriously looking forward to starting!

Koury Jones
1 month ago

Very insightful article Vahid. Thanks for sharing! I appreciate your sincere and honest advice. It’s very easy to blow your account or lose a lot of money very fast when trading. As you stated, it’s very important to start with demo and then small account. One must learn to have patience and discipline and consistency to win in the financial markets. Again, thanks very much for sharing your experience.

Himkala Shah
1 month ago

I am blessed to be in this group and eagerly waiting to learn many things.Thank you so much.

Ovie Peter
1 month ago

Vahid, thank you for the great opportunity, you have given me to be in this great community of luckscout. Its an opportunity most of us have been looking for. And it has come to be, thank you so much.

Ovie Peter
1 month ago

Valid, thank you so much for giving me the greatest opportunity to be in this community, more Grace to you.

Sandra Riyano
1 month ago

Your articles are always loaded with a wealth of knowledge and guidance. Thank you Vahid for being so ready and willing to share

Jean-joyce Goedsir
1 month ago

Wow another great success for the last day of September ,I have no doubt at all in luckscout it’s the best risk free platform I am so bless to have started a new chapter with you vahid and closing the door for another.I looking forward to be discipline and learning your methods and built my confidence in day trading ..thanks so much love jim..

Muchhetra Gurung
1 month ago

I am very grateful how much time Vahid had dedicated to us consistently and all I can say is thank you so much Vahid we are very much proud of you.

Harvey Parker - Fitch
1 month ago

All very clear, sound advice….looking forward to putting all his wisdom into practice.

Pierrot Teddy Ikezwe
1 month ago

My account says you need to be verified, maybe it’s because I haven’t been active for days?

Matt Gray-Smith
1 month ago

Seeking guidance from a well-trained trader when venturing into trading is the right path to take instead of trial and error or assumption of doing it right which often leads to a complete failure or losses. I appreciate Vahid for stressing the importance of learning how to trade on a Demo-Trading Account for at least a quarter and start with a small account ($500/$1000) when starting with a live trading account, and always remember the 2% risk management.

Jackson Mugarura
1 month ago

Vahid, I think I can learn a lot here but unfortunately, it seems my country Uganda being a secular state, they don’t allow PayPal to receive money here (I’m still crosschecking) and it may be difficult for us to operate on this platform since it supports only PayPal, but we are still one. We still work luckscout, I’m not charged in future things might change ☹️

Charles Mensah
1 month ago

Wow and wow… Vahid, I have learnt so much from reading this masterpiece, thank you.

I never thought I could learn to trade forex myself. Back in 2018 I was paying a monthly fee to a company to trade for me and whilst everything was smooth for a year, they started changing the goal post and demanding more fees. I closed my account and wished I had learnt to trade myself, be independent.

Thanks to Vahid and this Luckscout family we do have the opportunity to learn to trade, and most importantly be self sufficient.

Simon Carroll
1 month ago

Vahid, I just love this mutual symbiotic ecosystem you’ve created here and I am truly grateful to be part of it. Luck Scout is a stroke of pure genius, kudos to you – I genuinely believe you are worthy of a Nobel… 🙂

Celia H. Burton
1 month ago

I am super excited after reading all these positive and inspiratioal post. It makes me smile.

Eloise Taylor
1 month ago

Valid, I know the market was choppy this morning I was listening to the news. One thing you said about trading was when you are trading its not just about learning the techniques taking position and making a profit, it is about gaining experience and building your confidence. That’s is what I appreciate.

Mercie Salima
Reply to  Eloise Taylor
1 month ago

Elaine that’s a very positive observation. It’s not only about winning but the experience and confidence building will help us in other areas of our lives

Daniel Kozik
1 month ago

Today looked like a challenging market. Can’t wait to learn how you navigate days like today. Also love the quote from Robert Kiyosaki. The man has been a huge source of knowledge for me over the last couple of years.

Marcus Williams
1 month ago

So informative thank you !!

Eric Anim Boateng
1 month ago

Thanks Vahid, you have given us a detailed information, explaining the merits, starting witth a small amount as against big amount for trading.

Judy Sovran
1 month ago

Thanks so much Vahid for your help and wisdom. So much appreciated.

Veronica Chakeredza
1 month ago

Vahid these nuggets are invaluable. In my trading journey I’ve blown numerous accounts and done revenge trading over and over. Your wisdom, guidance and advice is setting us up to reach financial freedom in a disciplined way. I’ll read most of these articles over and over to help me stay focused. Once again, many thanks

Lucy Bieri
Lucy Bieri
1 month ago

Take us there 👍

Fritz Amos Nitschke
1 month ago

Thanks for your Teaching and advice it is well taken.

Johnson Oyewole
1 month ago

My take home: “In The LuckScout Community, you help people to achieve financial freedom through your presence and activities, and other members and the community help you do the same” by Vahid. Thanks so much Vahid for this great opportunity.

Celia H. Burton
Reply to  Johnson Oyewole
1 month ago

agreed

Mercie Salima
1 month ago

Thank you Vahid for these valuable lessons.

Keith Cadette
1 month ago

I am really being enlightened with the knowledge and information that Vahid is providing. Personally I have had minimal experience in stock market trading so I am really excited for the opportunity to learn and make money independently ( with your guidance )

Faraneh Alipour
1 month ago

Great article Vahid, Thank you!
Your focus on putting the LuckScout Community first and helping them to get their financial freedom even from zero is meaning a lot. Thanks for sharing the details of your day to day trading along the very valuable and useful articles. We are almost there and I very exited about it.

Afsaneh Pourjam
1 month ago

Great tips to start in a right way and know why patience is so important.

David Newton
1 month ago

Vahid I am grateful for this well thought out and written article you shared with us today. You have truly put skill, time, expertise and an ethos of goodwill into your work. I am inspired by this, for in any organization, good leadership understands how critical it is to set the right tone for the entire community.
I was further enlightened when you spoke about being, “confident in your confidence.” These are not mere words but the result of experience with truth and reality. When you spoke about the way we react to losses I never thought about it from that perspective as being applicable to a trading platform.
But it resonated with me for when I competed in sports and lost, the next time I competed against the victor there was more emotion invested into my activity and it became personal.
I think you referred to this phenomenon as “revenge trading.” I never thought that such emotions could be a detriment when one is engaged, as we are being prepped to be, as a successful day trader. You have given us much about which to think and to emulate.
Do know that I remain always inspired by your words and wisdom and your genuine work to advance the human good. Our community is blessed with such leadership.
I wish you every blessing my Brother.
Every blessing .

Alex Amakom
Reply to  Vahid Chaychi
1 month ago

Vahid, I still haven’t been able to get a broker in Canada so I can open a demo account. Also telegram link for the training videos is no longer there.

Celia H. Burton
Reply to  Vahid Chaychi
1 month ago

Vahid I like the music you start us with on zoom. It’s soothing and calming. Thank you

Mary Pendergest
1 month ago

Many thanks Vahid, appreciate your concern for the new trader, and understand how coming in low, provides a more peaceful state of mind. Also, thank you for your altruistic approach, helping others is the greatest reward.

Raffis
1 month ago

Nice…..

Ofa Felemi Tuungafasi
1 month ago

i always happy to let everyone knows how appreciated my heart what Vahid do to help us n our families LuckScout thank you Vahid thank you

Jackson Mugarura
1 month ago

Hmmm, Vahid, that’s great. In 3 years ☹️ it’s a fortune,

Celia H. Burton
Reply to  Jackson Mugarura
1 month ago

let’s do this!

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