How to grow small account

I did a 1 hour Zoom meeting for members last night on how to grow small accounts. I showed them examples of 4  small accounts that have grown  and some members shared their own personal stories of growing small accounts quickly.

Here are some key points you need to do to grow small accounts:

• Concentrated positions. Having only 1 or 2 high conviction ideas and betting on them with close stops. That is how most of the Market Wizards grew their accounts. 

• Frequent trades. If you can not do concentrated positions do more frequent trades. One of the member shared how he grew a small 25k account to which he later added another 25 by 125% in 2 months. this kind of approach requires day or swing trading.
• High leveraged ideas. Find stocks with explosive move potential. These are stocks which can go up 100% to 300% in short period of time. These kind of stocks typically show up during the earning season. To find these kind of stocks you can use a methodology we call NTRT (Night Time Is Right Time). it looks for big earnings surprise on earnings days and enters those stocks.
• None of the above methods require expensive tools. I showed them bunch of free tools which can help you find these kind of trades. 

To grow small account aggressively you need right kind of setups. You need big ambition and you need burning sense of urgency to be rich.