You've got $400, a vision, and 30 days. Let's embark on a journey to grow this capital into $3200,
All while practicing smart risk management. Remember, trading involves both wins and losses, so let's prepare for various scenarios.$
Your Strategy Reminder: Scalping with Risk Management
Recall our scalping strategy from previous posts: Daily, aim for a 10% profit on your capital through leveraged trades. With $400, that's $40 per day.
Risk Management: Set aside $400 for risk management. This is your safety net for losses.
Winning Scenario:
Day 1-10:
- Capital: $400
- Daily Target: 10% = $40
- Total Target by Day 10: $400+ ($40/day x 10) = $400
Day 11-20:
- Capital: $800
Daily Target: 10% = $80
- Total Target by Day 20: $800+ ($80/day x 10) = $1600
Day 21-30:
- Capital: $1600
- Daily Target: 10% = $160
- Total Target by Day 30: $1600+ ($160/day x 10) = $1600
Congratulations! You've met your goal of turning $400 into $3200 in 30 days.
