I've started my new trading journey on march 31st.
Started with $30 on March 31st, currently sitting at $302 on May 1st.
Mainly trading US100 and Gold — focusing on short-term scalps on the 1-minute chart.
Approach is simple:
– RSI extremes (overbought / oversold)
– quick entries and fast exits
– no long holds, just taking small consistent moves
Plan going forward:
– target ~10% daily until $2000
– then reduce to ~3% daily to stabilize growth
I know 10% daily sounds aggressive, but idea is to push small account growth early while staying disciplined and not overexposing.
I have Attached two tihngs/
– compounding plan - might be helpful to some of you figuring out your numbers and earnings if you make sheet like this and follow the plan. It helped me tremendously.
– 2 open short positions on US100 going into the weekend and one USD/CAD long, small one just minor one to test myself.
Very curious what others think:
- Would you expect continuation or a pullback on open on US100, I am keeping these short positions from Friday and it's oversold for a while now, has almost 60% of sellers and it's just about the time when will plunge down, so I hoping for fair and nice gap down on this one.
- Would you hold or close before market open?
- Am I going to be liquidated considering I removed almost all off my available capital out? I did removed all my gains and something extra I made to my wallet out of mi live account if this makes gap up just to not go in bigger minus, will close them, and certainly will open new short position to stay for next week if it makes gap up.
Let me know how is your feeling on this, will certainly post how it went when market opens in like 14h from now.