What to Watch this Week. Start of a $250 Challenge Account

Plus Oil Update and Monday’s Watchlist

TLDR: Monday’s Watchlist is at the bottom of the post. I will update the list tomorrow before the open if anything odd happens overnight.

Towards the bottom is a quick look at the oil market. #CL, $XLE, $VLO, $XOM.

$250 Challenge Account

I’m not a huge advocate for challenge accounts. It’s been a long time since I’ve traded an account this small. The trading may be difficult for me. One reason I am doing this, to show you how to trade and get going on a trading journey.

Make no mistake. Trading small accounts is exponentially more difficult than trading a 25k-100k+ account. The simple reason is any given trade is a massive percentage of the account.

I’m will be taking a break from my own trading account to focus on trading this account. Early on, we need to focus on high probability trades to get the account size up. Any trades that are lottos or 50/50 type trades will have to wait.

I DO NOT WANT YOU COPYING THE TRADES. This is to show you how to think about trading. I could easily blow up this account