How I Turned $$ 180 into $$ 400 in 20 Days by Scalping and Learning Bullish Chart Patterns

Trading the stock market can be both exhilarating and intimidating, but for those who take the time to study market patterns and remain disciplined, the rewards can be extraordinary. This is the story of how I turned $$ 180 into $$ 400 in just 20 days by scalping and leveraging bullish chart patterns.

The Starting Point

I started with a modest capital of $$ 180. My strategy revolved around scalping — a trading method that involves making small, frequent trades to capitalize on small price changes. To maximize my chances of success, I focused on learning and identifying bullish chart patterns, which are often strong indicators of potential upward movements in asset prices.

Preparation and Learning

Before I started trading, I spent significant time on:

1. Understanding Chart Patterns:

I studied key bullish patterns such as:

Bullish Flags: Signifying a brief consolidation before the continuation of an uptrend.

Cup and Handle: Indicating a breakout after a period of rounded consolidation.

Ascending Triangles: Suggesting a breakout above resistance.

Double Bottoms: A signal of reversal and a potential uptrend.

2. Risk Management:

I planned each trade meticulously, limiting my risk to no more than 2-3% of my capital per trade. This ensured that no single loss would wipe out a significant portion of my account.

3. Building a Scalping-Friendly Setup:

I used a trading platform with real-time charting tools.

Set up custom alerts for breaks.

I adopted a 1 minute and 5 minute interval for quick decisions.