Small Account Challenge 02.21.23 Update - Gains From Our Premium Membership

Small Account Challenge 02.21.23 1 Month Later Update - Gains From Our Premium Membership

This newsletter is not trading or investment advice but for general informational purposes only. This newsletter represents my personal opinions, which we share publicly as my blog.

Started 01/01/23: $450

Previous Updates view here

As of 02/21/23: $1,313.56

$SPY Call - We trade $SPY often as it usually leads the direction of the general market.

Went, +$37

$META Occasionally, we would play big cap names that are heavily traded within $SPY. Went +$17.

$UBER - Total of +$15

A few things to understand. A lot of these trades were very small in profit. The current market in February has been very volatile. A contract goes green one day and then returns all of its gains the next day to go back up by the end of the week.

We saw this because this small account challenge is not made to be flashy. It's made to show the reality of building a small account.

Could I have made $5k plus? Yes, absolutely, but SWS would have done this Trading out of the character of the account. The point of being so conservative is that many times, when new traders get involved, they are on their last $450. Therefore, we traded this account as if it was our last $450.

PAY DAY -

When we get our balance to $1,500, SWS will pay ourselves the original $450 to make the rest of the account risk-free. We will not change our strategy as we will still be trading with a small amount of $1,000.