In the second week, I didn’t take any trades, because I was working on the Official Trading Rush App. There was a bug in the app that took some time to fix. In simple words, the app was crashing if you reload the videos multiple times in a second. I was able to fix that error today. I have uploaded the app on Play Store, and It will be available to you in the next few days. Google is taking a lot of time to review the app because of the current Pandemic. I will inform you when the app comes online, so you can back test your trading strategy easily using the Back tester feature.

Anyway, After I sent the app for review today, I took 4 trades in the 50 dollar small account.
It took me around 30 minutes to find these 4 trades. I took them on 1 minute time frame, so they can hit the profit or loss targets quickly, and then I can make a video about it, since i didn’t take any trades the entire week.

Out of the 4 trades, I was able to win 3 trades. I was risking 2 percent on a single trade. You should never risk more than 2 percent on a single trade, And if you are a beginner, you should never risk more than 1 percent on a single trade. Otherwise, It will be difficult to handle losing trades that will come in a row.

Most trading strategy can easily have around 10 losses in a row. If you have watched the first part of this 50 dollars small account challenge, I was down more than 20 percent at the beginning. I was able to recover that loss in the next few trades, and was sitting with a 7 and half percent profit in a single day. If I had risked anything around 5 percent on a single trade, I would have lost 50 percent of my account in a single day. This kind of loss can easily affect thinking ability of most new traders. So don’t risk too much on a single trade as a beginner.

I took these 4 trades using the Ichimoku Cloud trading strategy. I have tested this strategy 100 times on this channel to show its real win rate. In that video, we saw that this strategy had a good win rate. If you haven’t watched that video yet, go check it out.

One of the main reason I was using Ichimoku strategy, and not the MACD strategy that I use every time, is because I was looking for quick trades in a strong trending market.

Trading is a probability game. You cannot continuously make money without losing anything.
Maybe I just got lucky and won couple of trades in a row, because on my main Forex account, I rarely make almost 18 percent in a few days. So lets keep our feet on the ground, and hope we don’t blow up this small account when couple of losing trades come in a row.

In this small account challenge, we did not blew up the account, and we did what many traders fail to do, Make money in trading.

I will keep trading on this small account, and will post the new results in the next week. I will probably end this challenge when we reach 100 percent in profit gain. In other words, when we double our investment.

Till then, check out other trading videos on this channel, where we tested MACD and many other strategies 100 times, to see their real win rates. After all, you don’t want to risk your money on a strategy, that doesn’t even work.

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