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Showing posts with the label 15-minute Breakdown

A Day to Be Proud Of: Growing a Small Account with a 42% Gain

Growing a small trading account is about seizing high-probability opportunities while managing risk, and today’s SPY trading session was an excellent example with a  42%  gain on a single trade. I followed my system, stayed patient, and built my account significantly, showing how disciplined trading can yield big rewards.  My goal with this post is to offer transparency on how to scale a small account, using my session as an example, and share actionable tips for small-account traders. Economic News: ISM Manufacturing Update Today, the U.S. ISM Manufacturing Index for May 2025 came in at 48.7, slightly below the expected 49.0, indicating continued contraction in the manufacturing sector.  This weaker-than-expected data, reflecting supply chain challenges and reduced demand, likely contributed to the early volatility in SPY’s price action. Today’s SPY Trading Session: A Rewarding Breakdown Trade SPY gapped down toward the 200 EMA , followed by a strong 3-minute candle...

Securing Your Footing In Day Trading: Growing a Small Account with Discipline

Transparency in Growing a Small Trading Account Day trading is about building a strong foundation, especially when growing a small account, and today’s SPY trading was a perfect example of disciplined execution. I aimed for a “one and done” day, securing a 6% gain on a single trade to close the week, setting myself up for success next week. My goal with this post is to offer transparency on how to scale a small account, using my session as an example, and share actionable tips for small-account traders. Economic News: Consumer Spending and PCE Update Today, U.S. consumer spending rose by 0.2% in April 2025, below expectations of 0.3%, reflecting cautious household behavior amid economic uncertainty. The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, increased by 2.7% year-over-year, aligning with forecasts but signaling persistent inflationary pressures. Today’s SPY Trading Session: A Disciplined “One and Done” Day SPY opened wit...

All That Just To Stay About The Same: Growing a Small Trading Account with Caution

Transparency in Growing a Small Trading Account Growing a small trading account is a marathon, not a sprint, and today’s SPY trading session proved that even breakeven days offer valuable lessons. I ended the day slightly above breakeven after two trades—a 10% loss followed by a 12% gain —demonstrating the importance of caution in choppy markets. My goal with this post is to offer transparency on how to scale a small account, using my session as an example, and share actionable tips for aspiring traders. Economic News: Initial Jobless Claims and GDP Update Today, the U.S. reported initial jobless claims at 218,000 for the week ending May 24, 2025, slightly above expectations of 215,000, signaling a stable but mildly softening labor market. Meanwhile, the second estimate of Q1 2025 GDP growth was revised down to 1.3% from 1.6%, reflecting slower consumer spending and raising concerns about economic momentum. Today’s SPY Trading Session: A Breakeven Day in a Choppy Market SPY gapped up ...

Not Every Trading Day Will Be Perfect: Growing a Tiny Account with Discipline

Not every trading day will be perfect, but discipline can still lead to profits when growing a tiny account. Today’s SPY trading session resulted in a modest 5% gain , showing that small, safe wins are key for small-account traders. My goal with this post is to offer transparency on how to scale a tiny account, using my session as an example, and share actionable tips to help aspiring traders succeed. Today’s SPY Trading Session: A Choppy Day with a Small Win SPY opened higher than yesterday’s close, showing early strength up to the 15-minute range formation. Once the 15-minute high formed, the price retraced sharply to the 15-minute low and broke down. I avoided the sudden downward break due to its volatility, opting instead to wait for a retest—a strategy I’ve refined from past sessions. The retest came with a solid color change , confirming my entry. I placed a SPY 5/28 590 put option (one contract, given my small account) at 1.47 , with a 10% stop-loss to manage risk. The price ...