• Starting with less money can give you an advantage!
• How I’m trading with my small account.
• New year, new account. Check out my newest teaching tool. 

Looking to become a millionaire day trader? 

You’re probably starting with a small account. That’s usually the way it works. Some start with more. Everyone’s different. 

But no matter your account size, stop everything and read this!

Trading with a small account is more advantageous than with a big account.

So don’t feel bad if you only have a few hundred bucks to trade with. And don’t feel bad if you have nothing to trade with! 

Anyone can learn to trade penny stocks. Read on to find out how starting with less cash can actually help you. First, let’s talk about… 

My New Small Account

I’m following in Tim Sykes’ footsteps by opening a brand new small account with TradeZero. It’s a new broker made for day traders, so I’m giving it a shot.

This way my students and I can grow small accounts together. It’s a perfect opportunity to teach the process.

I’ll start with $12,000. If you have less than that, don’t worry. You can still trade. I’m just too impatient to start any lower. Don’t have any money to trade? Look into paper trading and study up.

Want to grow your small account with me? Apply for my Trading Accelerator.

I don’t accept everyone. It’s for dedicated students only!

And if you have a small account consider this…

It’s Easier to Trade Low-Priced Stocks

Want to day trade penny stocks? The first thing you should know is that there’s low liquidity. That means it’s hard to trade them in high quantities.

• There are fewer shares available
• Fewer people trade them

To feel comfortable trading, I need to find penny stocks with high volume. It must be at least a million. That’s how I know enough people are already trading the stock and I’ll most likely be able to get in and out easily.

And small accounts buy fewer shares, so it’s easier for them to trade. Make sense?

But always remember that liquidity is your friend. The more liquid a stock — higher volume — the easier it’ll be to trade, no matter your position size.

Now, let’s look at your approach…

How to Trade With a Small Account

I was reckless at the beginning of my career. Check out this video where I explain a risky trade… 

Learn from my early mistakes. Start small and focus on the percent gain. 

I know you probably want to make $1 million. But it won’t happen the first day, week, or even month.

It took me four years of grinding to reach $1 million in trading profits. And I was studying 17 hours a day at one point.

Starting with a small account, you won’t make a ton of money in the beginning. So focus on the process. Get good at trading and then size up when you feel comfortable.

It’s also important to stay alive.

That means you cut your losses quickly and take profits into strength. If your account drains before you learn the process … you’re done. Unless you decide to put more money in.

Save yourself the pain: trade safely and pay attention to risk.

I only started with $4,000 and was able to reach $1 million in profits because I was really careful with my account. Every failed trade meant food off the table for my family. It was a pretty good incentive to stay safe.

Parting Thoughts

Here are my small account trading tips summarized … 

• Small is good
• Paper trade until you can save enough to start
• Focus on the process and percent gain in the beginning
• Cut your losses quickly
• Manage your risk
• Stay alive

Sykes always says, “If you trade scared, trading isn’t scary.” Those are words to live by.