Tips on how to trade with a small account? I’m on a 250 dollar account
I’ve been taking either spy or qqq 0dte looking for contracts 40-180 dollars and putting 6-7 dollar stop losses on the first 15 minute candle and using my strategy for breakouts or breakdowns from that this way that either i hit my target which is usually 20-30 dollars and closing it out or hitting my tight stop so far has been working up 80 dollars this week what do you think I can improve upon? Is there a better way to trade small accounts?
Trading with a small account
byu/Ok-Independence4678 inoptions
Posted by Ok-Independence4678
11 Comments
This isn’t a small account. This is just throwing money on black, dude.
I would say buy an ETF and continue to add to it until you have about 5k you can trade with. I would also not make this active trading more than a set percent of your account, meaning whatever you buy with that 250, you don’t sell.
Go get yourself a nice dinner, a nice pair of shoes or buy a few stock of something. But do not trade options with that.
I did the same thing just be willing to watch it all go to zero and back up. Do 0dte spy options and accept whatever your option is can go to zero in 3 seconds and the back up. If you’re willing to just roll the dice you got a 50-50 shot everyday. 😆
You can’t pattern day trade in the US with a $250 account.
0dte will not teach you anything about trading…. Price action is better in crypto and 24/7. Microeconomics….find out how company’s make monies look 45-60days out w a catalyst backed by quant/qualitative analysis,price target and let it rip! Anything less is a guess and gambling.
This is crazy you can totally grow a 250 dollar account everyone is so against it. If you follow a set strategy it’s possible those who think it’s not are simply not in-tuned with how probability’s work. Yes it’s totally possible to blow this account but I believe that trading with a small account is how you will learn the most in trading because you have to manage risk and discipline. It’s not just throwing money away if you have a strategy and can follow your rules it’s as simple as that.
Turned $360 into $800 this week so far (was $1000 but I didn’t take profit) but to answer your question is if you understand the charts buy cheap and sell high, I bout 16 TLT calls out of the money that expire Monday, got them for .04 sold for .19, also trading odte with $200 is wild lol
you need to use a scanner to find promising movement on options that have low premium and then jump on it.
for example — today intel opened just over 40 and started moving up perfect, lets look at the 41 call options on the next expiration– they opened at 0.46 and then the next minute went to $0.62 and kept going… perfect, jump in on that maybe you get filled at $0.70
these peaked at $3.65 but if you use the bolinger band mid line as your stop, you might have gotten stopped out at about $3. so you bought 1 contract for $70 and sold for $300, $230 profit, nearly doubling your account without risking it all on a 0dte
Trade what you see.
For a 250 account what you are doing actually makes sense. Tight risk control matters more than being right. The fact that you are using stops and defined targets is already better than most people with small accounts.
One thing I would improve is trade frequency. With small accounts the fastest way to blow up is taking too many trades in one day. One or two good setups is enough. Protecting the account is the real goal early on.
Also be careful with 0dte every day. They work until they do not. On slow or choppy days spreads and fills can hurt more than expected. If the market is not clean it is okay to skip the day.
Another option is going slightly further out like 1 or 2 dte. They cost a bit more but give you more room and smoother moves. That can help with stress and bad fills.
The biggest improvement is consistency not size. If you can grow this slowly without big drawdowns that is a win. Small accounts are about survival first then growth later.
Yo. Ive got a strat that I think you’ll like. I could see your account blowing up. May i DM you? Not trying to sell shit. Just in the early stages and paranoid it will get out and my lowly self spreading my knowledge will cause the market makers to kill my strat even though I realize thats completely irrational lol. Id love to see others grow accounts with this strat and curious how others will do