Growing $100 to $1000 within a week is bold but achievable with discipline and a well-executed strategy. Here's a beginner-friendly 10-minute candle approach:
1. Understand 10-Minute Candle Patterns
Pin Bar: A small body with a long wick, signaling reversals.
Inside Bar: A smaller candle fully within the range of the previous one, indicating consolidation and potential breakout.
Engulfing Patterns: Bullish or bearish candles overtaking the previous one.
Trend Continuation Patterns: Series of candles confirming the trend.
> Tip: Practice identifying these patterns on historical 10-minute charts.
2. Use Trend Confirmation
Moving Averages: Apply 9 EMA and 21 EMA to confirm the trend.
Uptrend: 9 EMA above 21 EMA. Look for bullish patterns near support levels.
Downtrend: 9 EMA below 21 EMA. Watch for bearish setups near resistance.
Combine with RSI or MACD to avoid false signals.
3. Execute Trades During High Volatility
Focus on volatile trading sessions (e.g., market openings or news events).
Trade high-liquidity pairs like BTC/USDT or ETH/USDT for smoother movements.
4. Set Clear Risk Management
Risk 1-2% per trade ($1-$2 on $100 balance).
Place stop-loss 1-2% below the entry price (for longs) or above (for shorts).
Target 2-3% profit for a favorable risk-reward ratio.
5. Track Breakouts and Pullbacks
Breakouts: Enter trades when price breaks key support or resistance levels with strong volume.
Pullbacks: Enter during pullbacks to key levels (e.g., moving averages) after a confirmed trend.
6. Keep a Trading Journal
Record every trade, including entry, exit, and reasoning.
Analyze your win rate, average profit/loss, and risk-reward ratios to refine your approach.
7. Scale Gradually
As your balance increases, slightly raise position sizes while sticking to the 1-2% risk rule.
8. Maintain Discipline
Avoid emotional trading and overtrading.
Only act on setups that align with your strategy.
Final Reminder: Trading is risky, and results aren’t guaranteed. Begin small, prioritize learning, and aim for consistent growth.