Question of the Day: How Much Should You Invest In A Penny Stock?
April 22, 2019
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4:37Now PlayingQuestion of the Day: How Much Should You Invest In A Penny Stock?
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as posted by the channelYou won’t hit a home run with just one trade. So how much should you put into one stock or one trade? It's important to trade safely — so probably less than you think! Here's my answer ...
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How much should you invest in one penny stock? How much money should you invest and put into any one stock or into any single trade?
Here’s the thing: You won’t hit a home run with just one trade. Take a step back and look at the big picture ...
If you're just beginning and don't really know the patterns, you're probably not comfortable with volatility. So keep your trades small to help minimize your risk. It’s essential to minimize your potential for loss.
My number-one rule is to cut losses quickly. And I find that when I take smaller positions, it's easier to cut losses quickly. Sometimes you're gonna lose. No trader is right every single time. Trading isn’t an easy game to master right away.
Remember, it’s a marathon, and you have no business sprinting in a marathon! Especially when you're still learning the process.
You need to have the right perspective and patience. Once you’ve built a foundation of knowledge, that's when you can think about being more aggressive — if you are comfortable.
So whatever you think that you should put into a trade or any single stock ... cut it in half. That's my answer. Learn to build a small account. With enough knowledge, preparation and hard work, small gains can add up.
How much do you think you should invest in one stock? What else can I do to help inspire you? Drop a comment below and let me know …
#TimothySykes #Pennystocks #Investing
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here
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