ICT Mentorship Core Content - Month 02 Growing Small Accounts

The Inner Circle Trader2 minutes read

New traders should focus on growing small accounts steadily with low-risk, compound-interest-defined trades rather than chasing high percentages. Consistent risk models, selective trading, and aiming for a 1.5% return per trade can lead to significant account growth over time.

Insights

  • Small risk defined trades with compound interest can effectively grow an account over time, emphasizing the importance of consistent risk models and well-defined low risk parameters.
  • Selective trading with a focus on minimal risk and consistent gains, aiming for a 6% compounding of equity per month, is a sustainable approach that can lead to significant returns without the need for high accuracy or daily trading.

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Recent questions

  • How can new traders grow small accounts effectively?

    By focusing on small risk defined trades with compound interest.

  • What is the recommended trading frequency for consistent profits?

    Selective trading in specific conditions is more effective.

  • What is the key to maintaining financial stability in trading?

    Aim for trades that have little impact if unprofitable.

  • How can traders maximize profits from each trade?

    Continuously study and strategize scaling options.

  • What is the sustainable approach to account growth in trading?

    Focus on a 6% compounding of equity per month.

Related videos

Summary

00:00

"Growing Small Accounts with Low Risk"

  • Month two of the ICT mentorship focuses on growing small accounts without high risk.
  • New traders are advised not to rush for massive gains in pips or percent returns.
  • Chasing high percentages or risking large amounts is not necessary for wealth building.
  • Small risk defined trades can effectively grow an account due to compound interest.
  • Consistent risk models with well-defined low risk parameters are crucial for success.
  • Trade setups with three reward multiples to one risk or higher are recommended.
  • Aim for trades that have little impact if unprofitable to maintain financial stability.
  • Profitability in trading doesn't require high accuracy but rather time and compound interest.
  • Aiming for a 50% increase in one month with selective setups can lead to significant returns.
  • Focusing on a 6% compounding of equity per month with minimal risk and consistent gains is a sustainable approach.

16:15

Effective Trading Strategies for Consistent Profits

  • Trading every day for consistent profits is not advisable as it invites losses; selective trading in specific conditions is more effective.
  • Aim for a 1.5% return per week with low risk by identifying setups like order blocks on daily charts.
  • Look for price points where moves quickly shift direction, indicating potential 20-pip or more swings.
  • Confirm setups on lower time frames by scaling down and identifying key levels like 0.7512 on an hourly chart.
  • Enter trades strategically at identified levels, adding a 5-pip spread for long positions.
  • Gradually scale out profits at logical levels, aiming for a 1.5% return per trade.
  • Manage risk by setting stop losses at 20 pips and adjusting stops to breakeven after reaching certain profit multiples.
  • Continuously study and strategize scaling options to maximize profits from each trade.
  • Consistent application of this strategy can lead to significant account growth over time, even from a modest starting balance.
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