If you want to flip $100 into $1,000 read this to avoid the most common mistakes.

When you have a $100 portfolio or trading account, the first mistake you will be making is having the mindset of flipping your $100 account to $1,000.

If you have that mindset, you will simply be gambling and fighting the market when you suffer a loss.

Instead, have a weekly or monthly target, if possible, focus on earning $5 profit daily which is very possible, once you earn $5, close for the day, do not try to earn more profits even when you see opportunities.

Your $5 daily profit in a week is about $35

Your $5 daily profits in a month is $150.

You see, if you focus on earning 5% daily profit, before the end of the month, you will have an extra $100 profit and your capital will be saved and less exposed to volatile markets.