Growing Account Size

[batang_bitcoin]

While there are traders that can manage risks properly in leverage. Some newbies out there think that they can handle the heat of it and can go as much as they can. As what Vitalik said, don't go more than 2x of leverage and that's enough already. Because when you go more than that, you're gambling and you don't know what you're doing. But what's funny is that there are people that are going more than 10x, 20x and even more. Well, that's their money to trade and they can handle it as much as they can. Lessons really will be there but you have to deal with them through expensive experiences.

Leverage is often sold as an amazing tool which will allow traders with a low capital to make the same profits as another trader with much more money on their accounts, but anyone using leverage as big as 10x or more has no chance to last more than a year doing that.

But the worst part is that this will teach really bad habits to those traders, since from that moment on they will find very difficult to trade without leverage, as the profits they may get will look to be very small compared to what they could get before by using leverage, even if at the end they lost it all.

I do agree with those traders that only use small capital and leverage higher and that's fine because those amounts are affordable to lose. But when someone becomes greedy and tries to calculate how much it could be, the problem goes with that big money and being put into high leverage, that's a crazy deal that he's trying to make. Experience will teach everyone how to get low off of themselves so that they are not going to be as aggressive as what they seem to think.

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[adpinbr]

One of the top secrets of growing your trading portfolio is sticking to the plan. When there is going trade, always stick to the plan, because it is necessity for your trading to go accordingly the way you structure it to be, because sometimes during an ongoing trade, you may see a move or a profit point which may require you to either buy or sell if you don’t stick to the plan you will lose the tree that we have already structured and also take a coach digital books, consigning trending. It may not really be a signal or time to buy all time to sell. It may just be a guideline opening your mind making you ready for the trade making you not to be scared  that you will lose your money, sometimes what happens to trade is the atom of fear and greed. Some persons are greedy. That is why they lose a lot sometimes they are always afraid of losing, That is why they don’t make Up to their thought. So it is always important to take advice from top traders. keeping all the strategies intact and putting your base into it you would definitely grow your portfolio to your expectation.

[Bravut]

Apart from the basics you have mentioned like have proper strategy and not over leveraging one needs to build multiple strategies over the time because same strategy may or may not work for eternity hence I would suggest to create strategies by combining more than one technical indicators and back test the data as this should be a daily or Bi-Weekly exercise to identify the one which is most suitable strategy.

.

Are you trying to say that traders should create new strategies overtime?

I agree with your idea of backtesting your strategies and trades taken to build confidence in the market but not creating multiple strategies.
Rather one should look for an edge and keep refining his approach to the  market.
Technical indicators only show the expecting track road of the market not a substitute for your trade decisions, using more than one will only make things complex, you speaking of indicators we have lagging and leading indicators so you should be clear about it.

[Hamphser]

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
 Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.



Let discuss on this guys, and enlighten ourselves.

When it comes on growing your account then this is something that would really be taking up some time and needing up for you to have that proper experience for you to achieve this one.
This is why it would be better that you shouldnt really be rushing up yourself into this because if you do then you are really that putting up yourself on such huge loses because once
you do make out such rush then you are really that prone to lost or tons of mistakes on which this is something that you must avoid in the first place.
Dont rush up yourself on being that profitable because if you do then you cant think up well.

Learn up things along the way so that you will be able to gain up that experience on which it would really be something helpful and beneficial as you do go forward.
Getting that trading skills and be good at it is never been that taking a short path to have. It would be a long time and tons of works and other considerations.

[Mpamaegbu]

I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.

That trader you read from on X couldn't have said it any better. That's apt! MM (Money Management)/Risk Management and emotional control trump even the supposedly best of strategies. I've read so many comments of our members here talking about increasing leverage to trade and be profitable. The aim shouldn't be on making profit while starting out but to have a mastery of one's emotions and strategy.

While starting out trading, the ultimate goal should be on persistent gain even though in trickles. That's the best way to grow and not on over leveraging to grow big overnight.

[Barikui1]

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
 Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.



Let discuss on this guys, and enlighten ourselves.

The idea he shared with you are good, but I don't really think that's all that is required to grow your account size, to me I think they are numerous, which are;

* Knowing when to stay off the market: people don't know how important this is when trading, when the market structure is not giving you a clear understanding, it's best you stay off, so that you won't lose money.

* Patience in waiting for the right set-up: it's very important that you have to wait for the right set-up so that you won't lose the gains you have already made, don't trade when you don't see opportunity.

* Know how to use your leverage: it's very important you know how to use your leverage properly, so that you won't liquidate yourself, by too much leverage.

That's the few I can recall for now, but do not forget that you must also be good at technical analysis and fundamental analysis in other to be successful.

[Zigabel]

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
 Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.
Let discuss on this guys, and enlighten ourselves.

With regards to growing account size I think you have mentioned it all already and it's definitely the fact about growing account size to a better one than what it was because if you take away all that you have mentioned then it will be difficult growing account except you accidentally get lucky probably beginners luck of which isn't common and not something we could ever depend on as traders because it's not a way to succeed trading rather it will guarantee you consistent failure so it's usually best if you want to grow your account size to have the discipline and applying proper risk management just like you have rightly stated already. You don't have to trade all day or everyday or even all the times to be able to grow your account, a good strategy doesn't even allow you trade always because you can always find an opportunity that suits your strategy in the market all the time.

If you do other wise, you may just be gambling your trades. Having a working strategy isn't about your strategy working all the time, sometimes it could be that your strategy might not be working all the time but then stay consistent with it and whenever it works make sure to make best use of the opportunity and get only the best from it, that way you will stay profitable.

[jrrsparkles]

Leverage increase the chances of loss so it doesn't feel like a good strategy to follow especially when you are just starting as a retail traders. Growing the portfolio value is the goal for that we need to strategize profits with minimal risk to our capital value which ofcourse less profitable as well as less risky compared to leverage or any other types of trading.

[Natsuu]

Leverage increase the chances of loss so it doesn't feel like a good strategy to follow especially when you are just starting as a retail traders. Growing the portfolio value is the goal for that we need to strategize profits with minimal risk to our capital value which ofcourse less profitable as well as less risky compared to leverage or any other types of trading.

In fact not only the trade size is the only thing you can leverage in crypto trading space. You can even leverage opportunities on handling virtual money accounts through Prop Firms. It's an ideal for those who have less capital. Because in prop firms, you buy a challenge, you passed it then you will get an investment amount for you to trade with. It's zero risk with greater rewards.

However, you won't be able to passed these challenges if you don't have the necessary skill. It's not only about reading the price chart and doing analysis, but also the risk management side. Because if you over risk every time, you will just keep blowing accounts instead of growing it. It's also how you manage yourself as a trader. When you lose do you want to make your money back? Do you over trade? At the end of the day, it is yourself as a trader you are trying to master and not the market.

[tvplus006]

I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
... Let discuss on this guys, and enlighten ourselves.

The crypto guru advice is not original, and represents the banal basics that any trader should know and follow. But despite the fact that this is basic knowledge, most traders neglect to comply with it, as a result of which they incur losses.

[wiss19]

The idea he shared with you are good, but I don't really think that's all that is required to grow your account size, to me I think they are numerous, which are;

* Knowing when to stay off the market: people don't know how important this is when trading, when the market structure is not giving you a clear understanding, it's best you stay off, so that you won't lose money.

* Patience in waiting for the right set-up: it's very important that you have to wait for the right set-up so that you won't lose the gains you have already made, don't trade when you don't see opportunity.

* Know how to use your leverage: it's very important you know how to use your leverage properly, so that you won't liquidate yourself, by too much leverage.

That's the few I can recall for now, but do not forget that you must also be good at technical analysis and fundamental analysis in other to be successful.

Indeed because growing an account is not easy, especially here in trading but at least he already shared some points there, so it won't be hard anymore for us to enumerate the others. It may seem that growing an account will only need to push forward but that's actually wrong and can only slow us down and it's a misconception that staying off the market is the one that can slow us down, when it was the ones who can help us to achieve our goals easily/quickly.

Another one is to be good at both types of analysis. This would be the fail of many traders because they only focus on one type and that is technical or maybe they underestimated the power of fundamentals.

[adaseb]

There are 2 ways to grow your account.

You can either take trades which can go either way. And if you are a good trader you will earn profits and increase your account size. However for many it doesn’t fall into this group, most traders lose money in the short term.

If you got some stablecoins like USDT or so you can lend it out. Currently it’s like 15% or so a year. If you got bitcoin or Ethereum you can do a cash and carry trade and those sometimes yield 80% APR but are more involved then just holding stablecoins and lending for yield.

[Sebas.tian]

Focusing on the strategy that works for you in the past will make you remain in profits making than trying a new strategy you have never use before in your trading, because you don't know if the new strategy is real to grow your account or not.  Trade when the price is higher in the market is an easy strategy many traders are using to increase their account in a way they will never be lack of finance to purchase whenever the price is low in the market, because there are some traders who lack finances and they are willing to increase their capital but the finance is not there.  You can use this season to grow your account as a trader, because the market price has increased higher again to  give opportunity to some traders that missed the market last month.

[mirakal]

A good trader should not use leverage. He should use future trading for long and short with no leverage. Although, for coins like bitcoin, 2 to 3x leverage is not too much but I prefer not to use leverage.

A good trader should use averaging. This is a good strategy than leveraging. Averaging will help in risk management.

A good trader should not be greedy. I have been greedy before and end up losing. One of the greed is to have in mind to win $10 daily but when you make it easily in just like 20 minutes, you will think to open another position and that is not good. Another greed is when you are winning already and not closing your position.

Using leverage may not work for less experienced traders, but most probably, it will work for professional traders. They know how to determine if the advantage is clearly on their side, so using leverage might serve as their edge. However, in general, using leverage is highly risky and dangerous. So if you think you can’t beat or manage its risk, then it’s safer not to trade with leverage. Instead, use trading average wherein you can clearly manage your risk from losses.

A good trader is more of a knowledge seeker and prefer to be more analytical. Hence, if you don’t have qualities like this, you will find it hard to be a good and reliable trader.

[Bravut]

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
 Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.



Let discuss on this guys, and enlighten ourselves.

The idea he shared with you are good, but I don't really think that's all that is required to grow your account size, to me I think they are numerous, which are;

* Knowing when to stay off the market: people don't know how important this is when trading, when the market structure is not giving you a clear understanding, it's best you stay off, so that you won't lose money.

* Patience in waiting for the right set-up: it's very important that you have to wait for the right set-up so that you won't lose the gains you have already made, don't trade when you don't see opportunity.

* Know how to use your leverage: it's very important you know how to use your leverage properly, so that you won't liquidate yourself, by too much leverage.

That's the few I can recall for now, but do not forget that you must also be good at technical analysis and fundamental analysis in other to be successful.

These are nugget of fresh information.

[LaFerrari2024Angel]

Time is the answer.

In our Fund we use a strategy that consist in the idea of use part of our assets as collateral in order to lease ustd/usdc and mantain it like a saving account and when the market fall by more then 20%, we use that money to buy assets e grow our net worth using debt in a low scale (max. 15% of your assets should be used as collateral).

With that strategy we made since may/2023 an amount of 5x our assets, considering that the BTC net worth grew like 2,5x tops, we more than double it with patience, strategy and using the volatility of the market in our favor.

That's how the business of who make money in the ecossystem works.

[Bushdark]

There are many things that are involved I growing account and we should be aware of them not allowing greed to take control of our trading ability. To make money is always equals to losing the money. Risk management is the number thing we need to watch when having the plan to increase your account size which is something that would take enough time and understanding about the market.
This could take weeks or months, even years for this to be accomplished without moving too fast.

[GreatArkansas]

There are many things that are involved I growing account and we should be aware of them not allowing greed to take control of our trading ability. To make money is always equals to losing the money. Risk management is the number thing we need to watch when having the plan to increase your account size which is something that would take enough time and understanding about the market.
This could take weeks or months, even years for this to be accomplished without moving too fast.

Yep, that's why risk management is very important. Always achieve the "minimizing the risk, while maximizing the profits". By doing this consistently, your account size will grow. Just be careful always in your trades, just think that every trade you do is serious, and don't trade if you are not sure about your analysis.

[retreat]

That's much easier said than done. Growing an account is not as easy as it seems, because apart from strategy and financial management, traders also need good intuition in the market so that they can get good opportunities in the market that can give them maximum profit potential. Especially for traders who use leverage, it is much more difficult to grow an account on this, because if they take the wrong position then their potential for a margin call will be quite high (unless he has a lot of money to be able to hold the position).

[Natsuu]

traders also need good intuition in the market so that they can get good opportunities in the market that can give them maximum profit potential

Growing your trading size or your bets is not about technical analysis but it is more like a mental game now. Because knowing where the market will go next is easy. You can use indicators or price action pattern and then you're all set. However, handling money is different. That's why I said it's a mental game. Growing your account size should be taken like a baby step. Because if you force yourself to trade in large amount right at the beginning, it will only give you unnecessary stress out of your trading.

Say you force yourself to put on a trade with $3,000 risk. Now your trade is -$2,700. Can you handle the drawdown? What if it is already +$2,500 in profit yet it wasn't still in your target, will you close it because you are afraid that your profit will gone later if you don't take it? See?! it's all mental game in trading.

It's not about calling the next move, it's about how well can you manage your position including the risk you are putting in.