📅 2024-11-16 — Session: Developed Small Account Trading Strategies
🕒 21:10–21:45
🏷️ Labels: Trading, Risk Management, Small Accounts, Strategy, Visualization
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal
The session aimed to develop and refine trading strategies specifically tailored for small accounts, focusing on effective stock selection, disciplined execution, and strict risk management.
Key Activities
- Analyzed a trader’s strategy for growing a small account through effective stock selection and disciplined execution.
- Outlined a disciplined trading strategy focused on risk management, emphasizing starting small and scaling up after achieving profit thresholds.
- Developed a dynamic risk management strategy by adjusting position sizes based on performance.
- Created a structured approach to adapting trading strategies for accounts starting with 100.
- Explored a method for visualizing trading outcomes by mapping candlestick data into 2D entry-exit plots using Python.
- Discussed the journey of scalability in trading, focusing on consistency and gradual growth.
Achievements
- Established criteria for stock selection, entry and exit strategies, risk management rules, and emotional discipline.
- Provided actionable steps for applying these principles in a proof-of-concept phase.
- Developed practical takeaways for traders to refine their strategies.
Pending Tasks
- Implement the outlined strategies in a real trading environment to validate their effectiveness.
- Further refine the Python implementation for visualizing trading outcomes.