📅 2024-11-16 — Session: Developed Small Account Trading Strategy
🕒 21:10–21:45
🏷️ Labels: Trading, Risk Management, Small Accounts, Strategy, Visualization
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal
The session aimed to develop a comprehensive strategy for growing small trading accounts through effective stock selection, disciplined execution, and strict risk management.
Key Activities
- Analyzed trader’s strategies focusing on stock selection, entry and exit strategies, and emotional discipline.
- Reflected on risk management strategies, emphasizing starting small and scaling up after achieving profit thresholds.
- Discussed dynamic risk management by adjusting position sizes based on performance.
- Explored scaling down trading strategies for small accounts, including practical examples.
- Planned a method for visualizing trading outcomes using Python to transform candlestick data into 2D entry-exit plots.
- Outlined the journey of scalability in trading, focusing on consistency and risk management.
Achievements
- Established a structured approach for adapting trading strategies to small accounts.
- Developed insights into risk management and emotional control in trading.
- Created a plan for visualizing trading data to aid decision-making.
Pending Tasks
- Implement the Python visualization for candlestick data.
- Test the developed trading strategies in a proof-of-concept phase to validate effectiveness.