With small accounts (2-4 million and under), your best strategy is to trade volatile microcaps or stocks under $20 on a short term basis. In other words, you want to trade stocks that have smaller floats and have some kind of catalyst. They make the biggest percentage moves intraday and you can really compound your money consistently that way.
With an account of $4-20 million, you can continue to trade some short term moves. But a lot of stocks won't have the liquidity needed to use all of that capital (and there won't be enough plays), so you will have unused capital. With accounts of this size, you might be best served with a CANSLIM type of approach and taking chunks out of long term moves in growth/speculative stocks during good market environments.
With an account of $20-100 million, you're trading a lot of growth stocks but you'll probably have to graduate to a long-short balanced portfolio. You're probably not trading much intraday moves since you won't have the time.
With an account of $100M-1B, you're probably looking to take advantage of market environments more than anything. You can continue to long-short, or you can just buy market-tracker ETFs like SPY that can absorb all of your size. But the idea is, you want to be long in bull markets and out (or net short) in bear markets.
With an account of $1B or greater, you're going to be looking beyond just equities most likely. You might look at all sorts of macro trends and instruments to absorb all that size.
What's the takeaway from all of this?
I'm nowhere close to having to use strategies other than the ones I'm currently using that are working for me. But I look forward to the day where I'm doing all kinds of different trades and timeframes. I'd imagine trading would become really complex at that point in terms of managing all the different positions.
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