Trade Like You Only Have 20 Trades Left: Grow a Small Forex Account
Trade Like You Only Have 20 Trades Left: Grow a Small Forex Account
Trading as if you only have 20 trades left forces discipline, calculated risks (5–10% per trade), and a nonchalant mindset to grow a small account ($500–$5,000) into significant wealth. After seven years of trading and millions in profits, I’ve used this Price Action Trading approach to generate $1,000–$2,500 monthly in the $6.3 trillion Forex market. In this guide, I’ll show you how to trade with limited opportunities, scale an account, and share a real trade example to prove it works.
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1. Why Treat Trading Like You Have 20 Trades Left?
Treating trading as if you have only 20 trades left instills discipline, forcing you to take high-probability setups with calculated risks (5–10%) to maximize growth from a small account.
Key Principles:
High Risk for Growth: Risk 5–10% per trade (e.g., $50 on $500) to scale small accounts, as 1–2% is too slow for significant growth.
Nonchalant Mindset: Treat money as “gone” once deposited, staying detached from wins (“Cool, expected”) or losses (“Cool, limited risk”).
Limited Trades: Take few, high-quality trades (1–2 weekly), as if each is one of your 20 lifetime opportunities.
Emotional trading blew my early accounts. This mindset and risk strategy scaled my profits.
2. The Power of Percentage-Based Risk
Risking 5–10% per trade on a small account, with a consistent percentage regardless of wins/losses, drives exponential growth, even with a 50% win rate.
How It Works:
Scenario ($500 Account): Risk 10% ($50) per trade with a 50% win rate (5 wins, 5 losses in 10 trades). Lose $250 (5 x $50), win $500 (5 x $100 at 1:2 risk-to-reward), netting $250 profit, growing $500 to $750 in a month.
Scaling Up ($5,000 Account): Same 10% risk ($500) and 50% win rate yields $2,500 profit ($5,000 to $7,500). On a $50,000 account, it’s $25,000 profit.
Consistency is Key: Never adjust risk percentage (no lowering after losses or raising after wins) to ensure sustainable growth.
This percentage game turned my $500 account into thousands, proving small accounts can grow fast.
3. Accessing Larger Capital with Funded Accounts
Once proficient, use a $100–$120 challenge to access funded accounts (e.g., $5,000), bypassing the need for large personal deposits, but focus on mastering skills first.
Steps to Get Funded:
Start Small: Practice with a $500 personal account, risking 5–10% to build skills without funded account drawdown rules.
Purchase a Challenge: Spend $100–$120 on a prop firm challenge (e.g., FTMO, MyForexFunds) to prove profitability.
Pass the Challenge: Follow your strategy (e.g., 10% risk, 50% win rate) to meet profit targets, gaining access to $5,000–$100,000 accounts.
Funded accounts amplified my trading, but I mastered skills on a personal account first.
4. Executing Trades with a 20-Trade Mindset
Trade as if each trade is one of 20 lifetime opportunities, using Price Action Trading, high-volume sessions, and a set-and-forget approach with 5–10% risk.
Trading Tips:
Risk 5–10%: Use BabyPips’ Position Size Calculator to risk $50 on a $500 account (e.g., 0.25 lots for a 20-pip stop-loss).
Trade High-Probability Setups: Use top-down analysis (daily/4-hour bearish LL/LH) and 1-hour/30-minute confluences (e.g., bearish engulfing) at areas of interest.
Trade London/New York Sessions: Enter during 3:00 AM–12:00 PM EST for momentum and low spreads.
Set and Forget: Place stop-loss/take-profit (1:2 ratio) and detach emotionally, treating money as “gone.”
Manage Psychology: Stay nonchalant (“Cool” for wins/losses), avoiding FOMO by taking only 1–2 trades weekly.
This mindset delivered wins like $85,000 in a day, treating each trade as critical.
5. Real Trade Example: EUR/USD 20-Trade Mindset Trade
Here’s a Price Action trade I took on EUR/USD with a $500 account, risking 10% as if it was one of my 20 lifetime trades, generating $100 in 10 minutes during the London session:
Trade: Sell EUR/USD on a 1-hour timeframe at the London session open (3:00 AM EST).
Setup: Daily chart showed a bearish trend (lower lows/highs, LL/LH) via top-down analysis. 4-hour chart confirmed bearish structure (LL/LH). A daily area of interest (3+ rejections) aligned with a 1-hour bearish engulfing candlestick, signaling a high-probability sell.
20-Trade Mindset: Risked 10% ($50 on $500 account) using BabyPips’ calculator (0.25 lots, 20-pip stop-loss). Traded at 3:00 AM EST (London open) for high volume. Limited to 1 trade that week, treating it as one of 20 lifetime trades. Used TradingView’s short position tool for a 20-pip stop-loss (above area of interest), 40-pip take-profit (next daily structure), 1:2 ratio. Journaled on MyFXBook for tracking.
Execution: On MetaTrader 5, selected “Instant Execution,” entered 0.25 lots, set stop-loss 20 pips above, and take-profit at next daily structure. Spread was 3 pips. Treated money as “gone,” staying nonchalant.
Psychology: Stayed detached, saying “Cool” to the outcome, avoiding emotional attachment or FOMO by skipping lower-probability trades.
Result: Profited $100, closed manually to demonstrate, shared with my community. MyFXBook logged a 1:2 risk-to-reward and London session success. No slippage occurred.
Profit Screenshots: My students scale $500 to $7,500+ with this mindset, achieving $1,000–$10,000 monthly. Join my course to access these setups!
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Final Thoughts
Trading as if you have only 20 trades left, risking 5–10% per trade with a nonchalant mindset, can grow a $500 account to $7,500+ in months, generating $1,000–$2,500 monthly. Follow these principles to succeed:
Risk 5–10%: Risk $50 on a $500 account to scale quickly, using BabyPips’ calculator for precision.
Take Few Trades: Limit to 1–2 high-probability trades weekly, as if each is one of 20 lifetime opportunities.
Stay Nonchalant: Treat money as “gone,” saying “Cool” to wins/losses to avoid emotional trading.
Trade London/New York: High-volume sessions (3:00 AM–12:00 PM EST) ensure momentum.
Explore Funded Accounts: After mastering skills, use $100–$120 challenges to access $5,000–$100,000 accounts.
Ready to trade like a pro? Join my 5-Day Trading Mini-Course to learn my set-and-forget strategy and trade with a community generating massive profits weekly.
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