October 05, 2024

How I Grew My Trading Account by 13% in One Day – A Real-Life Trade Breakdown

36 minutes

In this episode of the Traders Mindchat Show, host Mike Lamothe shares the strategy and mindset behind his recent 13% account growth in just one day. Mike breaks down a real-life trade on Nvidia, revealing how preparation, analysis, and emotional discipline were key to the success of this short-term swing trade. If you're interested in learning how to manage trades with confidence and execute with precision, this episode offers actionable steps to help you grow your account.

Mike covers key trading strategies including:

How to analyze and spot high-potential trades using multi-timeframe charts

The importance of setting trade intentions and planning for risk management

Why he chose to buy call options and how he sized his position for maximum impact

How emotional discipline and proper trade journaling led to this standout result

Plus, Mike discusses how his personal experiences, coaching, and mindset development shaped his conviction in taking large positions with minimized risk. Learn how you can implement these same techniques in your own trading strategy!

Subscribe for more content on trading psychology and real-world trading strategies, and check out Mike's best-selling books: The Trading Mind Wheel, The Trading Success Blueprint, and The MARA Mindshift Guide. Links in the description.

Join the MARA Wealth community and elevate your trading mindset today!

Books I've Written:

The Trading Mindwheel: Eight Essential Skills for Trading Mastery: https://tradingmindwheel.com/

The Trading Success Blueprint: The Ultimate Guide To Crafting Your Trading Business Plan for Profit: https://marawealth.samcart.com/products/trading-success-blueprint-the-ultimate-guide-to-crafting-your-trading-business-plan-for-profit

The MARA Mindshift Guide: A Trading Beliefs Workbook: https://a.co/d/9rbLQ1m

Ways to Connect With Me:

Daily Newsletter: https://www.marawealth.com/newsletter/

Website: https://www.marawealth.com/

X: https://x.com/MichaelGLamothe

Instagram: https://www.instagram.com/michaelglamothe/

Facebook: https://www.facebook.com/MaraWealth

#TradingMindset #GrowthStocks #OptionsTrading #TradingSuccess #RiskManagement #EmotionalDiscipline #TraderTips #StockMarket #SwingTrading

...more