Is it even worth it?
It is worth it to know if your strategy has long term viability (profitability).
Will I even see a weekly return,
Weekly returns are nearly irrelevant. I would argue quarterly returns are nearly irrelevant. A weekly window is far too small to tell you anything about the long term profitability of a strategy. The worlds most successful traders will have down weeks, down quarters and even a down year. The worlds worst traders can have an up week, and some of these newbie traders can double or triple there account in a week but end up blowing up the whole thing in a few months time. I hope I made my case that looking at your weekly returns doesnât tell you anything about your long term profitability since you are looking at such a tiny, statistically insignificant window of time.
I plan to use leverage to make the $1k significant but will that even be enough?
It depends on what you want to do with your money. If you want enough returns to get a Starbucks once a week then maybe. Most newbie traders want to increase their nominal returns by increasing leverage and risk, which ironically lowers returns in the long run. The way you increase your nominal returns is by increasing your account size. What you risk per trade should have nothing to do with your account size. For example. that means you only make 10$ per trade because you only have $1000 to trade with, so be it. If you want to make 100$ per trade then increase your account size by a factor of 10 (i.e. put 10,000 in your trading account). Donât try to achieve 100$ per trade by increasing your per trade risk by a factor of 10. It wonât end well that way.