The ticket to becoming rich is not through a job but through having your own business.
How would you like to have no employees to manage, geographical and financial independence and the potential for becoming wealthy? After searching myself fro many years I found the answer through trading stocks.
But not just any stocks but penny stocks.
You do not need any experience, a degree in finance or money.
All that is required is a willingness to learn, following these rules, and getting expert stock picks.
That's it.
You will never need to work a job again.
Follow these tips to trading stocks for wealth.
1.
Open a DISCOUNT Stock Brokerage Account - To many investors over pay for stock trades.
It was not uncommon to pay $30-$50/trade 10 years ago but today many discount brokers charge less than $5/trade.
Do not fail to realize that your trading fees will be the largest expenses you will incur since you will be making multiple trades each day.
Two cheap and good discount brokers are Sogotrade ($3/trade, $500 min deposit) and Tradeking ($4.
95/trade, $0 min.
deposit).
You will be using these brokers strictly for their cheap trades and less so for free research.
2.
Use Stop Loss Orders - A stop loss order allows you to protect your trades from big losses which is crucial when investing in small stocks.
Since the majority of your small stocks will decline in value having a preset loss limit is crucial.
A stop loss order is set by you after you have purchased a stock by setting a predetermined sell order at a specific lower share price ( usually 10-20% lower).
Should your stock decline the stop loss order will be triggered at your sell point and prevent you from losing large amounts of your investment.
The 1-2 out of 10 small stocks you will buy will be huge winners and you let them ride higher, this is how you become wealthy from trading penny stocks.
3.
Get Expert Penny Stock Picks - This is a crucial point since many investors try to do it on their own and lose big.
It is important especially in penny stock to subscribe to a penny stock pick service which recommends which stocks to buy.
In 6 months-year when you develop more experience and knowledge from investing in penny stocks you may try it alone until then get great advice.
In conclusion, These three but crucial rules will make you wealthy.
Follow the advice and learn as you go and you can become very wealthy trading penny stocks.
How would you like to have no employees to manage, geographical and financial independence and the potential for becoming wealthy? After searching myself fro many years I found the answer through trading stocks.
But not just any stocks but penny stocks.
You do not need any experience, a degree in finance or money.
All that is required is a willingness to learn, following these rules, and getting expert stock picks.
That's it.
You will never need to work a job again.
Follow these tips to trading stocks for wealth.
1.
Open a DISCOUNT Stock Brokerage Account - To many investors over pay for stock trades.
It was not uncommon to pay $30-$50/trade 10 years ago but today many discount brokers charge less than $5/trade.
Do not fail to realize that your trading fees will be the largest expenses you will incur since you will be making multiple trades each day.
Two cheap and good discount brokers are Sogotrade ($3/trade, $500 min deposit) and Tradeking ($4.
95/trade, $0 min.
deposit).
You will be using these brokers strictly for their cheap trades and less so for free research.
2.
Use Stop Loss Orders - A stop loss order allows you to protect your trades from big losses which is crucial when investing in small stocks.
Since the majority of your small stocks will decline in value having a preset loss limit is crucial.
A stop loss order is set by you after you have purchased a stock by setting a predetermined sell order at a specific lower share price ( usually 10-20% lower).
Should your stock decline the stop loss order will be triggered at your sell point and prevent you from losing large amounts of your investment.
The 1-2 out of 10 small stocks you will buy will be huge winners and you let them ride higher, this is how you become wealthy from trading penny stocks.
3.
Get Expert Penny Stock Picks - This is a crucial point since many investors try to do it on their own and lose big.
It is important especially in penny stock to subscribe to a penny stock pick service which recommends which stocks to buy.
In 6 months-year when you develop more experience and knowledge from investing in penny stocks you may try it alone until then get great advice.
In conclusion, These three but crucial rules will make you wealthy.
Follow the advice and learn as you go and you can become very wealthy trading penny stocks.
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