The idea of day trading can be alluring. Who wouldn’t want a flexible job with the option to work from anywhere in the world? Here’s the reality…
You can calculate your initial investment using an initial investment formula, but if the result is more money than you’re comfortable with investing, it’s moot.
Here’s where things get a little messy… You can open lots of different types of trading accounts, each of which might require a different initial investment. Let’s have a look at your options today.
Some people make an initial investment in the six figures, while others start with several hundred. What I want to share with you today are the considerations you need to take into account before you make that initial investment.
Finding undervalued penny stocks isn’t easy. If it were, they wouldn’t be undervalued. Fortunately, there are a few things you can do to set yourself up for success if you plan on incorporating value trading into your current trading plan.
Value investing is an art. Finding undervalued penny stocks is even more difficult. But that’s why you have an expert, me, helping you along the way. Today were going to pull some lessons from the ultimate value trader, Warren Buffet.
I get questions all the time from people who want to know how to use many different technical indicators. Personally, I stick to simple indicators that are very predictable. But that doesn’t mean that there isn’t value is complex technical indicators. So today, I’ll tell you all about how to use the Golden Ratio in your trading.
Personally, I’m not one to use “advanced” technical indicators in my trading. It’s simply not my style. That said, you should still know about a wide variety of trading strategies and understand those techniques, as I do, so that if you find a particular strategy you like, you’re able to add it to your trading toolbox.
The resources available to new traders didn’t exist when I started trading, so I pretty much had to teach myself to trade. Because of that, I learned a lot of things the hard way. I came up with my own rules for trading that I stuck by and turned me into the millionaire I am today. Along with the rules I follow when placing trades, I also have lists of things to avoid when trading. Yesterday, we covered 3 items on my list of things to avoid, today, we will go over the other 7. Let’s jump back in today with number four on my list…
Not only do you need to learn what to do, but you also MUST know what NOT to do. That’s what this article is about. I’m sharing 13 mistakes that traders need to avoid like the plague.