I’ve made a successful career from trading, but I did it on my own. I didn’t have a mentor to help me. So I want to help YOU. Here are five things I wish someone had told me before I started trading … pay attention!
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Trading tips
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I’ve made a successful career from trading, but I did it on my own. I never had a mentor. I want to be the
mentor I never had. Today, I’ll give you five tips I wish I’d known when I started trading. A lot goes into
every single trade I make. It doesn't matter if I'm trading big or small. I'm always thinking. I'm very
meticulous before I risk my hard-earned money. So here’s what I wish I’d known before I got started
trading… You need to prepare, plan, and be meticulous. What’s your trade goal, your risk, and your thesis?
What’s the stock’s past performance like? Have you checked out the intraday chart? Always protect
yourself. Think about what you can lose in every trade. Remember, roughly 90% of traders lose. Always
remember and stick to my number-one rule: cut losses quickly! Anything can happen. The longer you're in
a stock — especially a volatile stock — the greater your risk. Singles add up. I wanted to be a millionaire
when I first got started. I think most people want to make a lot of money. I wish someone had told me that
the key to making a lot of money — especially with penny stocks — is that small gains can add up. It’s not
about one trade. It’s about finding consistency. Focus on stocks that are already in play. With penny
stocks, you don't need to be first ... That actually can be a disadvantage.
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Even if you do perfect research, even if you know everything, something could happen and the company
fails. Most penny stocks fail. So focus on plays with hot news, that are moving, and that have a lot of
volume. Make sure you can exit your position easily. BONUS TIP: Be flexible. Learn to adapt. Be willing
to go long or short, don't just judge a company. Sometimes the most fundamentally screwed-up companies
spike the most because they have the most short sellers in them — and that creates a short squeeze. Stocks
might have good news or bad news. The company might issue toxic financing, or maybe they somehow
pull off a good financing. Something might happen in the overall market, and then three out of four stocks
fall on the market... After over 10 years of teaching, I've become very flexible and adaptable to whatever
opportunities are out there. Sometimes the best trade is no trade, but I'm always looking for a good setup
with good odds. If you start to recognize which plays work, over time you start adapting to what works for
you. That’s how you find success. This is all about a game of adaptation. How quickly can you adapt to
moving stocks and moving markets? What do you wish you knew before you started trading? Leave a
comment and tell me if these lessons help you...
All typing tips in one place (free) https://oke.io/I0ZzyG