I see a lot of coaches with a lot of calculators preaching the power of compounding using the formula for 1% per day. While compound interest is certainly a powerful thing, is 1% per day a realistic aspiration?
There are definitely traders out there who average 1% per day in their returns but I'd be lying to you if I said that most profitable traders are growing their account consistently with this number. It makes a great sales script, but it doesn't factor in things like flat days, drawdowns, losses, etc. and EVERY trader faces those.
But..what if I told you that 1% should still be your daily goal...just not how you think...
What if instead of a random monetary goal that isn't based on charts, you decided to grow PERSONALLY by 1% per day. I'm talking about growing as a trader and watching your returns increase substantially.
Here are a few ways to grow as a trader:
- Always Keep Learning
- Watch the course
- Watch the bonus content as you level up
- Attend the Master Trader Workshop series
Small steps lead to big growth over time.
2. Process in Community
- Post regularly your questions
- Answer other people's questions
- Engage meaningfully with 2-3 posts each week.
Building lifelong friendships who share your passion for trading will help you in more ways than you know.
3. Journal, Journal, Journal
- Every Setup, ticker, and trade
- Review your journal each week to see where you can improve
- Backtest your adjustments from your reviewing
Progress, not perfection is the goal.
4. Personal Health
- Practice gratitude regularly
- Get a hobby that keeps you away from the screen
- Revisit your "why" behind trading on a consistent basis
You can't improve from an empty cup.
You can't be guaranteed 1% per day in profits but if you commit to growing personally by 1% per day then your profits will follow and they'll eventually be more than you ever thought possible.
Compounding is real and it works in more than just finances.
You don't need to be perfect, just 1% better tomorrow.
What's one step you will take to improve today?
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馃敟 Are you stuck in your trading and don't know how to improve?
He can help you get setup with a custom growth plan and a roadmap to building wealth consistently.