Big growth trading just 5 contracts? (see how)

With smaller accounts, patience can = growth potential

Author

Mel Bishop
August 23, 2024

In partnership with

Happy Friday! Rate cut coming in September! Let’s go!

When you see a trader post about growing their accounts “fast”, two drawbacks pop in your mind:

  1. Taking on a lot of risk

  2. Trading big position sizes

The theory is you can’t have big rewards without big risks, so finding lots of growth means finding a risky trade and shoving all your chips into the middle of the table.

One of the reasons I started Small Account Journey is because I needed traders to understand that there is another way to do this.

Growth can be steady and “fast” if you just be patient, find an entry point you’re comfortable with, and limit your position sizes.

Case in point: yesterday’s NFLX trade.

In my morning call, I noted how the stock had busted through resistance levels and showed a topping candle - which meant there was potential for a move down.

…but I didn’t quite feel comfortable taking it overnight.

I needed a little more conviction, and I didn’t have it.

Patience.

A few hours later, I saw an opening I felt comfortable with, and I made the trade:

I may not have a perfect record, but listening to my comfort levels usually doesn’t let me down.

Sure enough, before the end of the day, I closed out those contracts and added $250 to the trading account - a +15% winner.

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

I say all the time, though, that protecting myself from risk is JUST as important as shooting for profits when you’re trading a smaller account.

So I didn’t take a 100-contract position here!

All I did was take out 5 contracts.

Does that limit the upside? Sure.

But I’m going for protection and consistency as much as I can.

Smaller position sizes allow me to do that.

Then I can stack those “smaller” wins and grow.

I typically only take 5-10 contracts on a trade. Sometimes more if my conviction is really high.

These are smaller-to-average position sizes. Not tiny, but certainly not huge.

(Some brokers will let you take out 200-500 contracts - that’s a lot!)

But those controlled position sizes can pay out.

Earlier this week, I was able to add another $550 into the trading account, banking  +33% on just 10 META bull put contracts.

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

I’m playing the long game here.

That won’t happen overnight!

Some traders get impatient though.

Over and over, I preach consistency, risk protection, and patience.

Stack those wins and amazing things can happen.

How amazing?

Last time I applied this exact same strategy to a $2,000 account, I was able to get it to $47,965.

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

Slow, steady growth.

Now? I’m gunning for $100,000+.

We’re right around $30,000 as I write this.

Can I reach $100K?

There’s only one way to find out.

Join Small Account Journey and not only see if I can do this… but watch me make every trade as I go.

I’ll show you what I see in the markets every day.

I’ll teach you my 3-step trading strategy that applies to accounts of all sizes and traders of all skill levels.

And I’ll walk you through each trade in real-time - wins AND losses - so you can become a stronger trader.

The best part?

We’re knocking 60% off the membership rate right now in our Back To School special.

(But you only have SEVEN DAYS left before it goes away!)

Eat, sleep & trade,

Jason Bond

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