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If you want to convert 100 Dollar to 1000 Dollar, read this to avoid the most common mistakes.
When you have a wallet or trading account worth 100 Dollar, the first mistake you will make is thinking about turning your account from 100 Dollar to 1000 Dollar.
If this is the mindset, it will simply be gambling and facing the market when losing.
Instead, set a weekly or monthly goal, and if possible, focus on achieving a profit of 5 Dollars daily, which is very feasible. Once you achieve 5 Dollars, close the trade today, and do not try to make more profits even when you see opportunities.
Your daily profit of 5 Dollars per week is about 35 Dollars.
Your daily earnings of 5 دولار in a month are 150 Dollar.
As you can see, if you focus on achieving a daily profit of 5%, by the end of the month, you will gain an additional profit of 100 Dollar, which will preserve your capital and reduce your exposure to market fluctuations.