This post is all about the account challenge we are doing here. We decided this to be part of our blog journey here so we can track down our trade activities in our IBKR brokerage platform.
We will still be using the Wealthsimple platform but we finally decided to keep this on ourselves just to make this blog simple.
Anyway, WealthSimple is only used in Canada.
The Small Account Challenge is a challenge where your trading fund will start at $500.00 with the goal of turning it to $5,000.00. There is no time frame here as our trades are very selective when trading this account. We only trade this account only when the market has a range.
Our system here is simple.
We post our weekly trade plan (breaking news not included) and trade the said plan only if it is working.
We have our own trading rules that we strictly follows.
Growing this account depends on how you manage the risk and this is the most important discipline one should have.